Morgan Stanley European Financials Conference 2017

BBVA – Delivering on our Strategy

#BBVAFinance

8.4 17.1

Dec.15 Dec. 16

6.2 11.9

Dec.15 Dec. 16

9.3 19.9

Dec.15 Dec. 16

9.0 15.2

Dec.15 Dec. 16

23.4 26.1

Dec.15 Dec. 16

2017E Mid-single digit reduction

+6%

2

2013 2014 2015 2016