At the close of 2008, BBVA had a total of 903,897 shareholders, compared to 889,897 shareholders at the same time in 2007. The shareholders base is highly diversified and the only individual holding of significance know to BBVA is that held by Mr. Manuel Jove Capellán, who on 31-Dec-08 owned a stake of 4.34% of the share capital. 93.9% of shareholders own less than 4,501 shares, representing 12.7% of the capital. The average holding per shareholder is 4,146 shares, which, at 31-Dec-08, means an average sum of €35,908. 

Private investors own 40.1% of the capital, 2.1% is held by employees and the remaining 57.8% by institutional investors. The capital held by non-resident shareholders accounts for 45.3% of the total, slightly less than in December 2007. 

Shareholder Structure

(31-12-07)