30. Treasury stock
In 2011, 2010 and 2009 the Group companies performed the following transactions with shares issued by the Bank:
Treasury Stock | 2011 | 2010 | 2009 | |||
---|---|---|---|---|---|---|
Number of Shares | Millions of Euros | Number of Shares | Millions of Euros | Number of Shares | Millions of Euros | |
Balance at beginning | 58,046,967 | 552 | 16,642,054 | 224 | 61,539,883 | 720 |
+ Purchases | 652,994,773 | 4,825 | 821,828,799 | 7,828 | 688,601,601 | 6,431 |
- Sales and other changes | (664,643,557) | (5,027) | (780,423,886) | (7,545) | (733,499,430) | (6,835) |
+/- Derivatives over BBVA shares | - | (50) | - | 45 | - | (92) |
Balance at the end | 46,398,183 | 300 | 58,046,967 | 552 | 16,642,054 | 224 |
Of which: |
|
|
|
|
|
|
Held by BBVA, S.A. | 1,431,838 | 19 | 2,838,798 | 84 | 8,900,623 | 128 |
Held by Corporación General Financiera, S.A. | 44,938,538 | 281 | 55,207,640 | 468 | 7,740,902 | 96 |
Held by other subsidiaries | 27,807 |
|
529 |
|
529 |
|
Average purchase price in euros | 7,39 |
|
9,53 |
|
9,34 |
|
Average selling price in euros | 7,53 |
|
9,48 |
|
8,95 |
|
Net gain or losses on transactions (Srockholders' funds-Reserves) |
|
(14) |
|
(106) |
|
(238) |
The percentages of treasury stock held by the Group in 2011, 2010 and 2009 are as follows:
Treasury Stock | 2011 | 2010 | 2009 | |||
---|---|---|---|---|---|---|
Min | Max | Min | Max | Min | Max | |
% treasury stock | 0.649% | 1.855% | 0.352% | 2.396% | 0.020% | 2.850% |
The number of BBVA shares accepted by the Group in pledge as of December 31, 2011, 2010 and 2009 is as follows:
Shares of BBVA Accepted in Pledge | 2011 | 2010 | 2009 |
---|---|---|---|
Number of shares in pledge | 119,003,592 | 107,180,992 | 92,503,914 |
Nominal value | 0.49 | 0.49 | 0.49 |
% of share capital | 2.43% | 2.39% | 2.47% |
The number of BBVA shares owned by third parties but managed by a company in the Group as of December 31, 2011, 2010 and 2009 is as follows:
Shares of BBVA Owned by Third Parties but Managed by the Group | 2011 | 2010 | 2009 |
---|---|---|---|
Number of shares property of third parties | 104,069,727 | 96,107,765 | 82,319,422 |
Nominal value | 0.49 | 0.49 | 0.49 |
% of share capital | 2.12% | 2.14% | 2.20% |