Shareholder Report
January-September 2016

BBVA earns €2.8 billion in first nine months in 2016



GROUP EARNINGS

BBVA Group's earnings in the first quarter of 2016 have been determined in general by a very negative impact of the exchange rates of the main currencies that have an effect on the Group's financial statements against the euro and by the absence of corporate operations.



Shareholder remuneration

The Board of Directors of BBVA, at the meeting held on March 31, 2016, agreed to complete the capital increase against reserves, under the terms agreed by the Annual General Meeting of Shareholders held on March 11, 2016.

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