Final Results

Banco Bilbao Vizcaya Argentaria SA
20 January 2006

                                   BBVA GROUP

                                              Year 2004                    Year 2005
                                      1Q04  2Q04    3Q04   4Q04    1Q05       2Q05     3Q05
NET INTEREST INCOME                  1.469   1.579   1.507   1.605   1.561      1.822   1.826
NET INCOME EQUITY METHOD                22      22      26      27      23         28      28
NET FEE INCOME                         833     848     861     872     899        954   1.022
INCOME FROM INSURANCE ACTIVITIES        98      95     102      95      96        123     130
CORE REVENUES                        2.422   2.544   2.495   2.599   2.579      2.926   3.006
NET TRADING INCOME                     240     302     228     289     299        341     255
ORDINARY REVENUES                    2.662   2.847   2.723   2.888   2.878      3.267   3.261
NET REVENUES FROM NON-FINANCIAL         18      37      21      51      28         40      43
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES     -1.260  -1.248  -1.240  -1.350  -1.317     -1.404  -1.461
DEPRECIATION AND AMORTIZATION         -113    -111    -114    -110    -102       -105    -117
OTHER OPERATING INCOME & EXPENSES      -32     -27     -24     -26     -31         -9     -27
OPERATING PROFIT                     1.275   1.497   1.366   1.453   1.457      1.789   1.699
IMPAIRMENT LOSSES ON FINANCIAL        -230    -183    -183    -362    -123       -202    -234
ASSETS
 LOAN LOSS PROVISIONS                 -225    -187    -183    -189    -118       -187    -227
 OTHER IMPAIRMENT LOSSES                -6       4       0    -173      -5        -15      -7
OTHER PROVISIONS                      -289    -226    -199    -137    -131       -123     -75
OTHER GAIN/LOSSES                      284      18      20      32      -1         57      15
 SALE OF FINANCIAL STAKES              240      22      21      25       4         13       3
 OTHER                                  44      -4       0       6      -4         45      13
PRE-TAX PROFIT                       1.040   1.107   1.004     986   1.203      1.522   1.406
CORPORATE INCOME TAX                  -310    -237    -277    -204    -337       -451    -418
NET INCOME                             730     870     726     782     866      1.070     988
MINORITY INTERESTS                     -39     -51     -52     -44     -50        -72     -73
NET ATRIBUTABLE PROFIT                 691     819     674     739     815        998     914






                      RETAIL BANKING IN SPAIN AND PORTUGAL

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    730    763    746    776    768         800    799
NET INCOME EQUITY METHOD                 1      1      1     -1      0           0      1
NET FEE INCOME                         354    364    369    390    374         394    406
INCOME FROM INSURANCE ACTIVITIES        68     64     63     63     75          75     79
CORE REVENUES                        1.153  1.190  1.179  1.228  1.218       1.269  1.284
NET TRADING INCOME                      12     12     16     15     16          34     34
ORDINARY REVENUES                    1.165  1.203  1.194  1.243  1.234       1.303  1.318
NET REVENUES FROM NON-FINANCIAL          7      5      7      8      6           8      3
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES       -545   -545   -543   -547   -552        -564   -569
DEPRECIATION AND AMORTIZATION          -29    -26    -27    -25    -24         -24    -29
OTHER OPERATING INCOME & EXPENSES        9     12      7      9     10          14     17
OPERATING PROFIT                       608    648    639    688    673         738    741
IMPAIRMENT LOSSES ON FINANCIAL         -69   -111   -102   -127    -53        -159   -104
ASSETS
 LOAN LOSS PROVISIONS                  -69   -111   -102   -127    -55        -160   -105
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      2           1      1
OTHER PROVISIONS                        -3     -1      2     -3      2          -1     -4
OTHER GAIN/LOSSES                        7      0      1      3     -2          16      2
 SALE OF FINANCIAL STAKES                0      0      1      1      0           8      2
 OTHER                                   7      0     -1      2     -2           8      0
PRE-TAX PROFIT                         544    536    540    561    620         594    636
CORPORATE INCOME TAX                  -186   -187   -181   -197   -215        -204   -223
NET INCOME                             358    349    360    364    405         391    412
MINORITY INTERESTS                      -1     -1     -1     -1     -1          -1     -1
NET ATRIBUTABLE PROFIT                 357    348    358    363    403         390    411




                               FINANCIAL SERVICES

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    717    746    732    762    752         787    787
NET INCOME EQUITY METHOD                 0      0      0      0      0           0      0
NET FEE INCOME                         323    337    342    356    348         357    379
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                        1.040  1.082  1.074  1.117  1.100       1.144  1.167
NET TRADING INCOME                      11     11     14     14     16          29     30
ORDINARY REVENUES                    1.051  1.093  1.089  1.132  1.116       1.173  1.196
NET REVENUES FROM NON-FINANCIAL          7      5      7      8      6           8      4
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES       -505   -505   -502   -502   -510        -521   -526
DEPRECIATION AND AMORTIZATION          -26    -23    -24    -22    -20         -20    -25
OTHER OPERATING INCOME & EXPENSES        9     12      8      9     10          15     18
OPERATING PROFIT                       537    583    577    624    601         654    667
IMPAIRMENT LOSSES ON FINANCIAL         -64   -106    -97   -121    -53        -158   -101
ASSETS
 LOAN LOSS PROVISIONS                  -64   -106    -97   -121    -53        -158   -101
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      1
OTHER PROVISIONS                        -1      0      0     -2      2           0     -1
OTHER GAIN/LOSSES                        8      0      3      2     -2          17      4
 SALE OF FINANCIAL STAKES                0      0      1      0      0           8      2
 OTHER                                   8      0      1      2     -2           9      2
PRE-TAX PROFIT                         480    477    483    503    549         514    570
CORPORATE INCOME TAX                  -165   -167   -167   -176   -191        -177   -198
NET INCOME                             315    310    315    327    358         337    372
MINORITY INTERESTS                      -1      0     -1     -1     -1          -1     -1
NET ATRIBUTABLE PROFIT                 314    310    315    326    357         336    371






                      ASSET MANAGEMENT AND PRIVATE BANKING

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                      7      9      8      9      9           9      8
NET INCOME EQUITY METHOD                 0      1      0      0      0           0      0
NET FEE INCOME                          55     53     54     57     55          60     58
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                           62     63     62     66     64          70     66
NET TRADING INCOME                       1      0      0      0      0           1      1
ORDINARY REVENUES                       63     62     62     66     65          71     68
NET REVENUES FROM NON-FINANCIAL          0      0      0      0      0           0      0
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -19    -17    -19    -20    -19         -19    -19
DEPRECIATION AND AMORTIZATION           -1     -1     -1     -1     -1          -1     -1
OTHER OPERATING INCOME & EXPENSES        0      0      0      0      0           0      0
OPERATING PROFIT                        43     44     42     44     44          51     47
IMPAIRMENT LOSSES ON FINANCIAL           0     -2      0      1     -1          -2      0
ASSETS
 LOAN LOSS PROVISIONS                    0     -2      0      1     -1          -2      0
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      0
OTHER PROVISIONS                         0      0      0      0      0           0      0
OTHER GAIN/LOSSES                        0      0     -1      1      0           0     -1
 SALE OF FINANCIAL STAKES                0      0      0      1      0           0      0
 OTHER                                   0      0     -1      0      0           0     -1
PRE-TAX PROFIT                          43     42     41     46     43          48     47
CORPORATE INCOME TAX                   -15    -14    -14    -16    -15         -17    -16
NET INCOME                              28     27     27     30     28          32     30
MINORITY INTERESTS                       0      0      0      0      0           0      0
NET ATRIBUTABLE PROFIT                  28     27     27     30     28          32     30








                        WHOLESALE AND INVESTMENT BANKING

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    115    103     91    114     88         124    103
NET INCOME EQUITY METHOD                13     14     13     63     12          11     11
NET FEE INCOME                          48     48     44     49     54          56     65
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                          176    166    149    226    154         192    179
NET TRADING INCOME                      50     88     24     35     91          88    110
ORDINARY REVENUES                      226    254    172    261    244         279    288
NET REVENUES FROM NON-FINANCIAL         10     31     13     28     18          30     35
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -78    -80    -81    -85    -85         -89    -88
DEPRECIATION AND AMORTIZATION           -2     -2     -2     -2     -2          -2     -2
OTHER OPERATING INCOME & EXPENSES       -1     -1     -2      1     -1          19      0
OPERATING PROFIT                       156    202    101    204    176         237    234
IMPAIRMENT LOSSES ON FINANCIAL         -36    -55    -74    -68    -20         -18    -13
ASSETS
 LOAN LOSS PROVISIONS                  -36    -55    -74    -68    -20         -18    -13
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      0
OTHER PROVISIONS                         6     -1      1      1      0           4      3
OTHER GAIN/LOSSES                       -4     28     21     12      6           7      0
 SALE OF FINANCIAL STAKES                0     20     18      3      3           4      0
 OTHER                                  -4      8      3      9      2           3      1
PRE-TAX PROFIT                         121    174     49    148    161         230    225
CORPORATE INCOME TAX                   -34    -43     14    -21    -48         -62    -57
NET INCOME                              87    131     63    127    113         168    168
MINORITY INTERESTS                       0     -1      0     -3     -1          -1     -1
NET ATRIBUTABLE PROFIT                  87    130     63    124    112         167    167






                               WHOLESALE BANKING

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    122    103    103    105    111         121    109
NET INCOME EQUITY METHOD                 0      0      0      0      0           0      0
NET FEE INCOME                          38     42     40     36     41          44     51
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                          160    145    144    140    153         165    161
NET TRADING INCOME                       9      9     10      3     14          19      9
ORDINARY REVENUES                      168    155    154    144    166         184    170
NET REVENUES FROM NON-FINANCIAL          0      0      0      0      0           0      0
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -43    -41    -41    -44    -43         -45    -44
DEPRECIATION AND AMORTIZATION           -1     -1     -1     -1     -1          -1     -1
OTHER OPERATING INCOME & EXPENSES        0     -1     -1      0      0          19      0
OPERATING PROFIT                       123    112    111     98    122         156    124
IMPAIRMENT LOSSES ON FINANCIAL         -32    -48    -68    -65    -14         -22    -13
ASSETS
 LOAN LOSS PROVISIONS                  -32    -48    -68    -65    -14         -22    -13
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      0
OTHER PROVISIONS                         6     -1      1      0      0           3      1
OTHER GAIN/LOSSES                        1      1      2      7      0           1      0
 SALE OF FINANCIAL STAKES                0      0      0      1      0           0      0
 OTHER                                   1      1      2      6      0           1      0
PRE-TAX PROFIT                          97     64     45     41    108         138    112
CORPORATE INCOME TAX                   -33    -20    -12    -16    -36         -39    -39
NET INCOME                              65     44     34     25     72          99     74
MINORITY INTERESTS                       1     -1      0      0      0           0      0
NET ATRIBUTABLE PROFIT                  65     44     34     25     72          99     74






                                    MARKETS

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                     -1      2     -8     14    -17           7    -21
NET INCOME EQUITY METHOD                 0      0      0      0      0           0      0
NET FEE INCOME                          11      8      4     14     15          13     15
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                           11     10     -4     28     -2          20     -7
NET TRADING INCOME                      37     86     -2     32     80          77    103
ORDINARY REVENUES                       47     96     -6     60     78          96     96
NET REVENUES FROM NON-FINANCIAL          0      0      0      0      0           0      0
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -29    -33    -33    -36    -35         -35    -37
DEPRECIATION AND AMORTIZATION           -1      0      0      0      0           0      0
OTHER OPERATING INCOME & EXPENSES        0      0      0      0      0           0      0
OPERATING PROFIT                        18     62    -39     23     43          61     59
IMPAIRMENT LOSSES ON FINANCIAL          -4     -6     -4     -3     -6           6      0
ASSETS
 LOAN LOSS PROVISIONS                   -4     -6     -4     -3     -6           6      0
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      0
OTHER PROVISIONS                         0      0      0      0      0           0      0
OTHER GAIN/LOSSES                       -6      3      0      0      0           0      1
 SALE OF FINANCIAL STAKES                0      0      0      0      0           0      0
 OTHER                                  -6      3      0      0      0           0      1
PRE-TAX PROFIT                           9     59    -44     20     37          67     60
CORPORATE INCOME TAX                     1    -16     31     -3    -11         -20    -10
NET INCOME                               9     42    -12     17     26          47     50
MINORITY INTERESTS                       0      0      0     -2     -1          -1     -1
NET ATRIBUTABLE PROFIT                   9     42    -12     15     25          47     49






                                    AMERICA

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    652    717    740    756    799         929  1.005
NET INCOME EQUITY METHOD                 2     -5      1      2     -1           0      0
NET FEE INCOME                         424    436    443    432    459         492    535
INCOME FROM INSURANCE ACTIVITIES        38     43     46     44     46          54     69
CORE REVENUES                        1.116  1.191  1.229  1.234  1.304       1.474  1.609
NET TRADING INCOME                      70     30     41    107    -11         110    147
ORDINARY REVENUES                    1.187  1.221  1.270  1.341  1.292       1.584  1.756
NET REVENUES FROM NON-FINANCIAL          1      1      1      1      2           3      3
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES       -545   -547   -553   -577   -584        -667   -712
DEPRECIATION AND AMORTIZATION          -55    -53    -61    -57    -44         -56    -58
OTHER OPERATING INCOME & EXPENSES      -36    -35    -36    -37    -37         -40    -42
OPERATING PROFIT                       551    587    621    672    629         824    947
IMPAIRMENT LOSSES ON FINANCIAL         -96    -78    -52    -85    -52         -70   -131
ASSETS
 LOAN LOSS PROVISIONS                  -96    -78    -52    -85    -46         -58   -122
 OTHER IMPAIRMENT LOSSES                 0      0      0      0     -6         -13     -9
OTHER PROVISIONS                       -41    -41    -50    -55    -42         -43     -5
OTHER GAIN/LOSSES                       20    -17    -11     10     -9          43    -12
 SALE OF FINANCIAL STAKES                0      1      0     15      0           0      1
 OTHER                                  20    -17    -11     -5     -9          42    -14
PRE-TAX PROFIT                         434    452    509    541    527         753    799
CORPORATE INCOME TAX                  -146   -113   -137   -137   -141        -203   -226
NET INCOME                             288    339    371    404    386         551    573
MINORITY INTERESTS                     -74    -47    -44    -43    -52         -62    -60
NET ATRIBUTABLE PROFIT                 213    292    328    362    334         489    512






                             BANCOMER BANKING GROUP

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    387    432    460    484    532         589    652
NET INCOME EQUITY METHOD                 1     -4      0      1      0           0      0
NET FEE INCOME                         194    192    200    190    211         225    266
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                          582    620    660    675    742         814    918
NET TRADING INCOME                      34      5     17     70    -43          71     85
ORDINARY REVENUES                      616    625    677    745    700         886  1.003
NET REVENUES FROM NON-FINANCIAL          0      0      0      0     -1          -1     -1
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES       -255   -258   -270   -279   -292        -328   -340
DEPRECIATION AND AMORTIZATION          -30    -27    -30    -31    -23         -33    -27
OTHER OPERATING INCOME & EXPENSES      -30    -30    -21    -25    -25         -30    -32
OPERATING PROFIT                       302    310    356    410    358         492    604
IMPAIRMENT LOSSES ON FINANCIAL         -80    -61    -44    -23    -37         -45   -107
ASSETS
 LOAN LOSS PROVISIONS                  -80    -61    -44    -23    -34         -40    -96
 OTHER IMPAIRMENT LOSSES                 0      0      0      0     -4          -4    -11
OTHER PROVISIONS                       -16    -11    -21    -30    -29         -31     16
OTHER GAIN/LOSSES                      -16     -2     -5      4     -6           6     -8
 SALE OF FINANCIAL STAKES                0      0      0      1      0           0      0
 OTHER                                 -16     -2     -5      3     -6           6     -8
PRE-TAX PROFIT                         190    237    286    361    286         423    504
CORPORATE INCOME TAX                   -48    -64    -87   -112    -91        -128   -157
NET INCOME                             141    173    199    249    195         295    347
MINORITY INTERESTS                     -31     -1      0     -1      0           0      0
NET ATRIBUTABLE PROFIT                 111    172    199    248    195         294    347






                                 REST OF BANKS

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    249    267    264    254    254         318    334
NET INCOME EQUITY METHOD                 1     -1      1      1      0           0      0
NET FEE INCOME                          89     91     98    103     97         117    123
INCOME FROM INSURANCE ACTIVITIES         0      0      0      0      0           0      0
CORE REVENUES                          338    358    362    357    351         435    457
NET TRADING INCOME                      22     20     11     22     21          28     42
ORDINARY REVENUES                      361    378    374    380    372         464    499
NET REVENUES FROM NON-FINANCIAL          0      0      0      0      0           0      0
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES       -181   -181   -181   -197   -192        -229   -254
DEPRECIATION AND AMORTIZATION          -18    -18    -19    -17    -13         -15    -20
OTHER OPERATING INCOME & EXPENSES       -9     -7    -10     -8     -8          -9    -11
OPERATING PROFIT                       153    171    163    159    159         210    214
IMPAIRMENT LOSSES ON FINANCIAL         -16    -16     -6    -61    -20         -25    -23
ASSETS
 LOAN LOSS PROVISIONS                  -16    -16     -6    -61    -17         -17    -25
 OTHER IMPAIRMENT LOSSES                 0      0      0      0     -2          -8      2
OTHER PROVISIONS                       -22    -29    -30    -20    -10         -13    -20
OTHER GAIN/LOSSES                       45     -5     -6     -7     -2          29     -4
 SALE OF FINANCIAL STAKES                0      0      0      0      0           0      0
 OTHER                                  45     -5     -6     -7     -2          29     -4
PRE-TAX PROFIT                         160    122    121     72    127         201    166
CORPORATE INCOME TAX                   -74    -28    -26     -6    -23         -49    -39
NET INCOME                              86     93     95     66    104         152    127
MINORITY INTERESTS                     -28    -31    -29    -25    -32         -42    -39
NET ATRIBUTABLE PROFIT                  58     62     66     41     73         111     88






                    PENSION & INSURANCE COMPANIES IN AMERICA

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                      4      5      5      5      2           5      4
NET INCOME EQUITY METHOD                 0      0      0      0      0          -1      0
NET FEE INCOME                          93     99     96     87     97         104    110
INCOME FROM INSURANCE ACTIVITIES        49     54     57     56     55          63     76
CORE REVENUES                          146    157    158    148    154         171    189
NET TRADING INCOME                      11      1     10     11      8           9     17
ORDINARY REVENUES                      156    158    168    159    161         180    207
NET REVENUES FROM NON-FINANCIAL          2      2      2      2      3           4      4
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -77    -77    -81    -77    -74         -84    -99
DEPRECIATION AND AMORTIZATION           -4     -5     -5     -5     -3          -3     -6
OTHER OPERATING INCOME & EXPENSES        3      3      2      3      1           5      6
OPERATING PROFIT                        80     81     86     82     89         101    112
IMPAIRMENT LOSSES ON FINANCIAL           0      0      0      0      0           0      0
ASSETS
 LOAN LOSS PROVISIONS                    0      0      0      0      0           0      0
 OTHER IMPAIRMENT LOSSES                 0      0      0      0      0           0      0
OTHER PROVISIONS                         0      0      0      0     -2           1      0
OTHER GAIN/LOSSES                       -9     -9      0     13      0           8      0
 SALE OF FINANCIAL STAKES                0      1      0     14      0           0      1
 OTHER                                  -9     -9      0     -1      0           8     -2
PRE-TAX PROFIT                          71     73     85     95     86         111    111
CORPORATE INCOME TAX                   -26    -23    -27    -22    -29         -28    -33
NET INCOME                              44     50     59     73     57          83     78
MINORITY INTERESTS                      -7     -4     -7     -7     -9         -10    -11
NET ATRIBUTABLE PROFIT                  38     46     52     65     48          73     67






                              CORPORATE ACTIVITIES

                                             Year 2004                  Year 2005
                                      1Q04  2Q04   3Q04  4Q04   1Q05      2Q05      3Q05
NET INTEREST INCOME                    -28     -3    -71    -40    -94         -32    -80
NET INCOME EQUITY METHOD                 6     12     11    -38     12          17     16
NET FEE INCOME                           6      0      5      0     12          12     16
INCOME FROM INSURANCE ACTIVITIES        -8    -11     -6    -12    -25          -5    -18
CORE REVENUES                          -24     -3    -61    -90    -96          -8    -65
NET TRADING INCOME                     107    173    148    132    204         110    -36
ORDINARY REVENUES                       84    170     86     42    108         101   -101
NET REVENUES FROM NON-FINANCIAL          0      0      0     15      2          -1      1
ACTIVITIES
GENERAL ADMINISTRATIVE EXPENSES        -93    -76    -64   -142    -96         -85    -92
DEPRECIATION AND AMORTIZATION          -27    -30    -25    -25    -33         -23    -28
OTHER OPERATING INCOME & EXPENSES       -4     -4      7      0     -2          -2     -2
OPERATING PROFIT                       -40     60      5   -110    -21         -10   -223
IMPAIRMENT LOSSES ON FINANCIAL         -29     61     44    -81      2          46     14
ASSETS
 LOAN LOSS PROVISIONS                  -24     57     44     91      3          49     13
 OTHER IMPAIRMENT LOSSES                -6      4      0   -173     -1          -3      1
OTHER PROVISIONS                      -251   -183   -152    -79    -91         -83    -69
OTHER GAIN/LOSSES                      261      7      9      6      5          -8     25
 SALE OF FINANCIAL STAKES              240      1      1      6      0           0      0
 OTHER                                  21      6      8      0      4          -8     25
PRE-TAX PROFIT                         -59    -55    -94   -264   -106         -56   -253
CORPORATE INCOME TAX                    56    106     27    151     67          17     88
NET INCOME                              -3     52    -68   -113    -39         -39   -165
MINORITY INTERESTS                      37     -3     -7      3      5          -9    -11
NET ATRIBUTABLE PROFIT                  34     49    -75   -110    -34         -48   -176







                      This information is provided by RNS
            The company news service from the London Stock Exchange