Banco Bilbao Vizcaya Argentaria (BBVA)

Advance Payments and Personal Loans to Directors and Executive Officers

The total of advance payments and personal loans granted by BBVA and its consolidated subsidiaries to the members of the Board of Directors and outstanding as of December 31, 2005 amounted to €698 thousand euros. As of December 31, 2005, no guarantees had been extended to secure obligations or commitments of members of the Board of Directors.

The total of advance payments and personal loans granted by BBVA to executive officers (excluding executive directors) and outstanding as of December 31, 2005 amounted to €4,249 thousand euros. This figure includes information concerning current members of our Executive Committee excluding executives directors (15 members). As of December 31, 2005, no guarantees had been extended to secure executive officers’ obligations or commitments. For information with respect to advance payments and personal loans to executive directors see “Item 7. Major Shareholders and Related Party Transactions—Related Party Transactions.”

Advance Payments and Personal Loans to Directors and Executive Officers

The total of advance payments and personal loans granted by BBVA and its consolidated subsidiaries to the members of the Board of Directors and outstanding as of December 31, 2004 amounted to €128,000 at interest rates between 4% and 5%, of which €92,000 was granted to executive directors and €36,000 to non-executive directors. As of December 31, 2004, no guarantees had been extended to secure obligations or commitments of members of the Board of Directors.

The total of advance payments and personal loans granted by BBVA to executive officers (excluding executive directors) and outstanding as of December 31, 2004 amounted to €1,314,000. As of December 31, 2004, no guarantees had been extended to secure executive officers’ obligations or commitments.