<table border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td bgcolor="#010520" background="./mes_images/header.jpg" border="0" width="1024" height="100"" colspan="4"><img src="pixel.gif" height="100" align="baseline"></td></tr><tr><td align="right" bgcolor="#f5f5f5" width="100%"></td><td><COMBO_0 /></td><td><img src="pixel.gif" width="5" height="14" align="baseline"></td><td></td></tr><tr><td bgcolor="#999999" width="100%" height="1" colspan="4"><img src="pixel.gif" height="1"></td></tr></table>

LETTER FROM THE CHAIRMAN STRATEGY AND ORGANISATION 1- BBVA Group Profile 2- BBVA Stakeholders: Management and Dialogue 3- BBVA's Corporate Responsibility Policy 4- Creating Value DIRECT STAKEHOLDERS 5- BBVA and its Stakeholders 6- BBVA and its Employees 7- BBVA and its Customers 8- BBVA and its Suppliers OUR SURROUNDINGS 9- BBVA and the Environment 10- BBVA and Community Support SUPPLEMENTARY INFORMATION 11- Report Criteria 12- Stakeholder Engagement Process 13- Assurance Report 14- GRI Indicators 15- The United Nations Global Compact 16- The Millennium Development Goals <MENU_0 />