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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">As filed with the Securities and Exchange
Commission on December 23, 2015.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Registration No. 333-_________</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 12pt"><b>UNITED
STATES</b></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 12pt"><b>SECURITIES
AND EXCHANGE COMMISSION</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 12pt">&nbsp;<b>Washington,
D.C. 20549</b></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 16pt"><b>FORM S-8</b></font></p>

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<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 16pt"><b>REGISTRATION
STATEMENT</b></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 11pt"><b>UNDER
THE SECURITIES ACT OF 1933</b></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-size: 16pt"><b>BANCO
BILBAO VIZCAYA ARGENTARIA, S.A.</b></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="background-color: white">
    <td style="width: 50%; font-size: 10pt; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Kingdom of Spain</b></font></td>
    <td style="width: 50%; font-size: 10pt; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>13-3491492</b></font></td></tr>
<tr style="background-color: white">
    <td style="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(State or other jurisdiction of incorporation or organization)</font></td>
    <td style="vertical-align: top; font-size: 10pt; text-align: center"><font style="font-size: 10pt">(I.R.S. Employer Identification No.)</font></td></tr>
<tr style="background-color: white">
    <td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top; background-color: white">
    <td colspan="2">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Plaza de San Nicol&aacute;s, 4</b></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>48005 Bilbao, Spain</b></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Share Remuneration Plan for BBVA Group
Management and Certain Risk Functions in the United States</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Full title of plan)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Diego Crasny Zyman</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Banco Bilbao Vizcaya Argentaria, S.A.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>New York Branch</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>1345 Avenue of the Americas, 45th Fl</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>New York, NY 10105</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name and address of agent for service)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(212) 728-1660</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Telephone number, including area code,
of agent for service)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act. (Check
one):</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<tr style="vertical-align: top">
    <td style="width: 50%"><font style="font-size: 10pt">Large accelerated filer [X]</font></td>
    <td style="width: 50%"><font style="font-size: 10pt">Accelerated filer [ &nbsp;]</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 10pt">Non-accelerated filer [ &nbsp;]</font></td>
    <td><font style="font-size: 10pt">Smaller reporting company [ &nbsp;]</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Do not check if a smaller reporting company)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>


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<hr size="2" noshade align="center" style="width: 100%; color: black">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CALCULATION OF REGISTRATION FEE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
    <td style="width: 49%; border-top: black 1.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Title of Securities to be registered (1)</b></font></td>
    <td style="width: 15%; border-top: black 1.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Amount to be registered (2)</b></font></td>
    <td style="width: 12%; border-top: black 1.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Proposed maximum offering price per share (3)</b></font></td>
    <td style="width: 12%; border-top: black 1.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Proposed maximum aggregate offering price (3)</b></font></td>
    <td style="width: 12%; border-top: black 1.5pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><font style="font-size: 10pt"><b>Amount of registration fee</b></font></td></tr>
<tr>
    <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">Ordinary shares, nominal value &euro;0.49 per share</font></td>
    <td style="border-bottom: black 2.25pt double; text-align: center"><font style="font-size: 10pt">2,000,000 shares</font></td>
    <td style="border-bottom: black 2.25pt double; text-align: center"><font style="font-size: 10pt">$7.40</font></td>
    <td style="border-bottom: black 2.25pt double; text-align: center"><font style="font-size: 10pt">$14,800,000.00</font></td>
    <td style="border-bottom: black 2.25pt double; text-align: center"><font style="font-size: 10pt">$1,490.36</font></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 24px">&nbsp;</td>
    <td style="width: 48px"><font style="font-size: 10pt">(1)</font></td>
    <td><font style="font-size: 10pt">American Depositary Shares, evidenced by American Depositary Receipts, issuable upon deposit of the ordinary shares registered hereby (the &ldquo;BBVA ADS&rdquo;), have been registered under separate registration statements on Form F-6 (Registration No. 333-11920 and 333-142862). Each BBVA ADS represents one ordinary share.</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(2)</font></td>
    <td><font style="font-size: 10pt">Represents 2,000,000 ordinary shares reserved for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States. The BBVA ADSs to be awarded under such plan will be acquired in open market purchases or in private transactions. In addition, in accordance with Rule 416 under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this Registration Statement shall be deemed to include such additional ordinary shares as may be offered to prevent dilution resulting from stock splits, stock dividends or similar transactions pursuant to the provisions of the plan covered hereby.</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(3)</font></td>
    <td><font style="font-size: 10pt">Pursuant to Rule 457(h)(1) and Rule 457(c) under the Securities Act, the proposed maximum offering price per share and the proposed maximum aggregate offering price are estimated solely for the purpose of calculating the registration fee and are based on the average of the high and low prices of BBVA ADSs on the New York Stock Exchange on December 21, 2015.</font></td></tr>
</table>






<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>EXPLANATORY NOTE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Banco Bilbao Vizcaya Argentaria, S.A. (the
&ldquo;Registrant&rdquo;) filed a Registration Statement on Form S-8 on February 11, 2008 (Registration No. 333-149157) (the &ldquo;First
Registration Statement&rdquo;) to register under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), 1,706,004
ordinary shares, nominal value &euro;0.49 per share (&ldquo;Ordinary Shares&rdquo;), of which 1,320,911 of such Ordinary Shares
are reserved for awards of BBVA ADSs pursuant to the Amended and Restated Restricted Share and Unit Plan of BBVA Compass Bancshares,
Inc. (formerly entitled the 2007 Restricted Share and Unit Plan of Compass Bancshares, Inc.) and 385,093 of such Ordinary Shares
are reserved for awards of BBVA ADSs pursuant to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development
Plan (formerly entitled the Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 23, 2009, the Compensation Committee
of the Board of Directors of Compass Bancshares, Inc. (now known as BBVA Compass Bancshares, Inc.) voted (i) to revise the Amended
and Restated Restricted Share and Unit Plan of Compass Bancshares, Inc. to provide that certain additional U.S. employees and officers
of the Registrant and its subsidiaries may participate in awards thereunder and (ii) to increase the amount of Ordinary Shares
registered under the Securities Act by 1,842,916 Ordinary Shares (the &ldquo;First Additional Shares&rdquo;) for purposes of reserving
(A) 1,692,916 First Additional Shares for awards of BBVA ADSs in connection with three incentive programs to be made under the
Amended and Restated Restricted Share and Unit Plan of Compass Bancshares, Inc. and (B) 150,000 First Additional Shares for awards
of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 1,842,916
First Additional Shares were registered by the Registrant on a Registration Statement on Form S-8 on December 18, 2009 (Registration
No. 333-163816) (the &ldquo;Second Registration Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 20, 2010, the Compensation and Benefits
Committee of the Board of Directors of Compass Bancshares, Inc. (now known as BBVA Compass Bancshares, Inc.) (formerly the Compensation
Committee of the Board of Directors of Compass Bancshares, Inc.) voted to increase the amount of Ordinary Shares registered under
the Securities Act by 1,372,788 Ordinary Shares (the &ldquo;Second Additional Shares&rdquo;) for purposes of reserving all of such
Second Additional Shares for awards of BBVA ADSs in connection with three incentive programs to be made under the Amended and Restated
Restricted Share and Unit Plan of BBVA Compass Bancshares, Inc. (formerly entitled the 2007 Restricted Share and Unit Plan of Compass
Bancshares, Inc.). Such 1,372,788 Second Additional Shares were registered by the Registrant on a Registration Statement on Form
S-8 on June 8, 2010 (Registration No. 333-167389) (the &ldquo;Third Registration Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 15, 2011, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted (i) to adopt the Amended and Restated Restricted
Share and Unit Plan of BBVA Compass Bancshares, Inc. to provide for the registration under the Securities Act of an additional
235,000 Ordinary Shares for purposes of awards of BBVA ADSs in connection with an incentive program primarily for selected U.S.
non-executive management employees and officers of Registrant or its direct or indirect subsidiaries and (ii) to adopt the Share
Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States to provide for the registration under
the Securities Act of an additional 2,218,800 Ordinary Shares for purposes of awards of BBVA ADSs in connection with an incentive
program for selected U.S. managers and certain other identified U.S. personnel who are not EMT members but whose activities are
considered to have a material impact on the company&rsquo;s risk profile or who are engaged in certain control functions, pursuant
to the system of variable remuneration adopted by the Registrant's shareholders at its meeting held on March 11, 2011 (altogether,
the &ldquo;Third Additional Shares&rdquo;). Such 2,453,800 Third Additional Shares were registered by the Registrant on a Registration
Statement on Form S-8 on November 25, 2011 (Registration No. 333-178186) (the &ldquo;Fourth Registration Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 20, 2012, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by 2,759,000 Ordinary Shares (the &ldquo;Fourth Additional Shares&rdquo;) for purposes of reserving (i)
2,459,000 of such Fourth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management
and Certain Risk Functions in the United States, and (ii) 300,000 of such Fourth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan (formerly entitled the Compass Bancshares,
Inc. Local Directors Compensation and Business Development Plan). Such 2,759,000 Fourth Additional Shares were registered by the
Registrant on a Registration Statement on Form S-8 on December 18, 2012 (Registration No. 333-185538) (the &ldquo;Fifth Registration
Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 18, 2013, the Compensation
and Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares
registered under the Securities Act by 1,311,397 Ordinary Shares (the &ldquo;Fifth Additional Shares&rdquo;) for purposes of reserving
(i) 1,061,397 of such Fifth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management
and Certain Risk Functions in the United States and (ii) 250,000 of such Fifth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 1,311,397 Fifth Additional Shares
were registered by the Registrant on a Registration Statement on Form S-8 on October 8, 2013 (Registration No. 333-191625) (the
&ldquo;Sixth Registration Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 27, 2014, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by 2,225,315 Ordinary Shares (the &ldquo;Sixth Additional Shares&rdquo;) for purposes of reserving (i)
1,975,315 of such Sixth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management and
Certain Risk Functions in the United States and (ii) 250,000 of such Sixth Additional Shares for awards of BBVA ADSs under the
BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 2,225,315 Sixth Additional Shares
were registered by the Registrant on a Registration Statement on Form S-8 on November 4, 2014 (Registration No. 333-199835) (the
&ldquo;Seventh Registration Statement&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 17, 2015, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2,000,000 Ordinary Shares (the &ldquo;Seventh Additional Shares&rdquo;)
for purposes of reserving 2,000,000 of such Seventh Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan
for BBVA Group Management and Certain Risk Functions in the United States.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Following such increases, an aggregate of
4,621,615 Ordinary Shares are reserved for awards of BBVA ADSs under the Amended and Restated Restricted Share and Unit Plan of
BBVA Compass Bancshares, Inc., an aggregate of 9,714,512 Ordinary Shares are reserved for awards of BBVA ADSs under the Share Remuneration
Plan for BBVA Group Management and Certain Risk Functions in the United States, and an aggregate of 1,335,093 Ordinary Shares are
reserved for awards of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development
Plan. The Registrant is filing this Registration Statement (this &ldquo;Registration Statement&rdquo;) pursuant to and in accordance
with General Instruction E of Form S-8 to register such Seventh Additional Shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><u>PART II</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 3. Incorporation of Documents by Reference.</b>&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to General Instruction E of Form
S-8, the Registrant hereby incorporates by reference the First Registration Statement, the Second Registration Statement, the Third
Registration Statement, the Fourth Registration Statement, the Fifth Registration Statement, the Sixth Registration Statement and
the Seventh Registration Statement, except as the same may be modified by the information set forth in this Registration Statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following documents filed by the Registrant
with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) are hereby incorporated by reference in this Registration
Statement:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">(a)</td><td style="text-align: justify">The Registrant&rsquo;s Annual Report on Form 20-F for the fiscal year ended December 31, 2014,
as filed with the Commission on April 15, 2015 (File No. 001-10110);</td></tr></table>

<p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">(b)</td><td style="text-align: justify">The Registrant&rsquo;s: (i) report on Form 6-K furnished to the Commission on November 24, 2015,
which includes the Registrant&rsquo;s unaudited condensed interim consolidated financial statements for the nine months ended September
30, 2015; (ii) report on Form 6-K furnished to the Commission on September 29, 2015 (SEC Accession No: 0001193125-15-332013), which
includes the Registrant&rsquo;s unaudited interim consolidated financial statements for the six months ended June 30, 2015; (iii)
report on Form 6-K furnished to the Commission on September 29, 2015 (SEC Accession No: 0001193125-15-331996), which includes the
Registrant&rsquo;s recast consolidated financial statements for the three years ended December 31, 2014; and (iv) report on Form
6-K furnished to the Commission on July 27, 2015 relating to T&uuml;rkiye Garanti Bankas&#305; A.&#350;.; and all reports filed
by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;),
since December 31, 2014, the end of the fiscal year covered by the Registrant&rsquo;s latest annual report referred to in (a) above
(File No. 001-10110); and</td></tr></table>

<p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">(c)</td><td style="text-align: justify">The description of the Registrant&rsquo;s ordinary shares and the description of the BBVA ADSs
included under the captions &ldquo;Description of BBVA Ordinary Shares&rdquo; and &ldquo;Description of BBVA American Depositary
Shares&rdquo;, respectively, of the Prospectus dated July 25, 2013, included in the Registrant&rsquo;s Registration Statement on
Form F-3 as filed with the Commission on July 25, 2013 (Registration No. 333-190136).</td></tr></table>

<p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All documents filed and, to the extent indicated
therein, furnished by the Registrant subsequent to the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14
and 15(d), as applicable, of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any statement in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed
to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: bold 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><font style="font-size: 10pt"><b>Item 8. Exhibits.</b></font></p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following exhibits are filed with this Registration Statement:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 9%; font-weight: bold; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><b><u>Exhibit No.</u> </b></font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 90%; font-weight: bold; text-decoration: underline"><font style="font-size: 10pt"><b><u>Description</u></b></font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">4.1</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Amended and Restated Bylaws (Estatutos) of Banco Bilbao Vizcaya Argentaria, S.A. (English translation).</font></td></tr>
</table>

<p style="margin: 0">&nbsp;</p>

<p style="margin: 0"></p>

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<p style="margin: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="text-align: center; width: 9%"><font style="font-size: 10pt">4.2</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="text-align: justify; width: 90%"><font style="font-size: 10pt">Form of Amendment Number Four to the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">5</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States will be acquired in open market purchases at prevailing market prices or in private transactions. Because such purchases do not involve the issuance by the Registrant of any new ordinary shares and because such plans are not subject to ERISA, an opinion of counsel is not included with this Registration Statement.</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">23</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Consent of Deloitte, S.L. </font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">24</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Power of Attorney (included in signature page).</font></td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
Madrid on the 23<sup>rd</sup> day of December, 2015.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="3" style="font-weight: bold"><font style="font-size: 10pt"><b>BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="width: 55%">&nbsp;</td>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 31%">&nbsp;</td>
    <td style="width: 9%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1pt solid"><font style="font-size: 10pt">/s/ Donna Lee De Angelis</font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Name:</font></td>
    <td><font style="font-size: 10pt">&nbsp;Donna Lee De Angelis&nbsp;&nbsp;</font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Title:</font></td>
    <td><font style="font-size: 10pt">Chief of Talent &amp; Culture</font></td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>POWER OF ATTORNEY</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">KNOW ALL PERSONS BY THESE PRESENTS that
each of the individuals whose signature appears below (whether as a member of the Board of Directors or officer of Banco Bilbao
Vizcaya Argentaria, S.A., or both, as authorized representative of Banco Bilbao Vizcaya Argentaria, S.A. or otherwise) constitutes
and appoints Donna Lee De Angelis, Manuel S&aacute;nchez Rodr&iacute;guez and Diego Crasny Zyman, and each of them, his or her
true and lawful attorneys-in-fact and agents, with full and several power of substitution, for him or her in his or her name, place
and stead, in any and all capacities, to sign any and all amendments (including without limitation post-effective amendments) and
supplements to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and all documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises,
as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact
and agents or any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933,
this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <td style="width: 41%; font-weight: bold"><font style="font-size: 10pt"><b>Name</b></font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 33%; font-weight: bold"><font style="font-size: 10pt"><b>Position</b></font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 24%; font-weight: bold"><font style="font-size: 10pt"><b>Date</b></font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Francisco Gonz&aacute;lez Rodr&iacute;guez</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Francisco Gonz&aacute;lez Rodr&iacute;guez&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Chairman of the Board of Directors and Chief Executive Officer</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Carlos Torres Vila</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Carlos Torres Vila&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">President and Chief Operating Officer</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Tom&aacute;s Alfaro Drake</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tom&aacute;s Alfaro Drake&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Jos&eacute; Miguel Andr&eacute;s Torrecillas</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jos&eacute; Miguel Andr&eacute;s Torrecillas&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Ram&oacute;n Bustamante y de la Mora<font style="font-family: Times New Roman, Times, Serif">
        </font></u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ram&oacute;n Bustamante y de la Mora&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Jos&eacute; Antonio Fern&aacute;ndez Rivero</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jos&eacute; Antonio Fern&aacute;ndez Rivero&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>

<p style="margin: 0">&nbsp;</p>

<p style="margin: 0"></p>

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<p style="margin: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 41%"></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 33%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 24%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Ignacio Ferrero Jordi</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ignacio Ferrero Jordi&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Bel&eacute;n Garijo L&oacute;pez</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bel&eacute;n Garijo L&oacute;pez&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Jos&eacute; Manuel Gonz&aacute;lez-P&aacute;ramo</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jos&eacute; Manuel Gonz&aacute;lez-P&aacute;ramo&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Carlos Loring Mart&iacute;nez de Irujo</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Carlos Loring Mart&iacute;nez de Irujo&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Lourdes M&aacute;iz Carro</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lourdes M&aacute;iz Carro&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Jos&eacute; Maldonado Ramos</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jos&eacute; Maldonado Ramos&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Jos&eacute; Luis Palao Garc&iacute;a-Suelto</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jos&eacute; Luis Palao Garc&iacute;a-Suelto&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Juan Pi Llorens</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Juan Pi Llorens&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Susana Rodr&iacute;guez Vidarte</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Susana Rodr&iacute;guez Vidarte&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Jaime S&aacute;enz de Tejada Pulido</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jaime S&aacute;enz de Tejada Pulido&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Chief Financial Officer</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif"><u>/</u></font><u>S/
        Ricardo G&oacute;mez Barredo</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ricardo G&oacute;mez Barredo&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Head of Global Accounting and Information Management</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr>
    <td></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><u>/S/ Diego Crasny Zyman</u></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Diego Crasny Zyman&nbsp;</p></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">Authorized Representative of Banco Bilbao Vizcaya Argentaria, S.A. in the United States</font></td>
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">December 23, 2015</font></td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>










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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>EXHIBIT INDEX</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="font-weight: bold; text-decoration: underline; text-align: center; width: 9%"><font style="font-size: 10pt"><b><u>Exhibit No.</u> </b></font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="font-weight: bold; text-decoration: underline; width: 90%"><font style="font-size: 10pt"><b><u>Description</u></b></font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">4.1</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Amended and Restated Bylaws (Estatutos) of Banco Bilbao Vizcaya Argentaria, S.A. (English translation).</font></td></tr>
</table>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="text-align: center; width: 9%"><font style="font-size: 10pt">4.2</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="text-align: justify; width: 90%"><font style="font-size: 10pt">Form of Amendment Number Four to the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">5</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States will be acquired in open market purchases at prevailing market prices or in private transactions. Because such purchases do not involve the issuance by the Registrant of any new ordinary shares and because such plans are not subject to ERISA, an opinion of counsel is not included with this Registration Statement.</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">23</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Consent of Deloitte, S.L. </font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font-size: 10pt">24</font></td>
    <td>&nbsp;</td>
    <td style="text-align: justify"><font style="font-size: 10pt">Power of Attorney (included in signature page).</font></td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></p>


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[{"type": "S-8", "sequence": "1", "filename": "dp62012_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 62001}]
{"company-data": {"conformed-name": "BANCO BILBAO VIZCAYA ARGENTARIA, S.A.", "cik": "0000842180", "assigned-sic": "6029", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-208728", "film-number": "151305099"}, "business-address": {"street1": "PASEO DE LA CASTELLANA, 81", "city": "MADRID", "state": "U3", "zip": "28046", "phone": "011 34 91 537 8172"}, "mail-address": {"street1": "PASEO DE LA CASTELLANA, 81", "city": "MADRID", "state": "U3", "zip": "28046"}, "former-company": [{"former-conformed-name": "BANCO BILBAO VIZCAYA ARGENTARIA S A", "date-changed": "20000505"}, {"former-conformed-name": "BANCO BILBAO VIZCAYA S A", "date-changed": "19991103"}]}
As filed with the Securities and Exchange
Commission on December 23, 2015.
Registration No. 333-_________
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_____________________________
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________________
BANCO
BILBAO VIZCAYA ARGENTARIA, S.A.
(Exact name of registrant as specified in
its charter)
Kingdom of Spain
13-3491492
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
Plaza de San Nicolás, 4
48005 Bilbao, Spain
(Address of Principal Executive Offices)
____________________________
Share Remuneration Plan for BBVA Group
Management and Certain Risk Functions in the United States
(Full title of plan)
____________________________
Diego Crasny Zyman
Banco Bilbao Vizcaya Argentaria, S.A.
New York Branch
1345 Avenue of the Americas, 45th Fl
New York, NY 10105
(Name and address of agent for service)
(212) 728-1660
(Telephone number, including area code,
of agent for service)
____________________________
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check
one):
Large accelerated filer [X]
Accelerated filer [  ]
Non-accelerated filer [  ]
Smaller reporting company [  ]
(Do not check if a smaller reporting company)
____________________________
CALCULATION OF REGISTRATION FEE
Title of Securities to be registered (1)
Amount to be registered (2)
Proposed maximum offering price per share (3)
Proposed maximum aggregate offering price (3)
Amount of registration fee
Ordinary shares, nominal value €0.49 per share
2,000,000 shares
$7.40
$14,800,000.00
$1,490.36
(1)
American Depositary Shares, evidenced by American Depositary Receipts, issuable upon deposit of the ordinary shares registered hereby (the "BBVA ADS"), have been registered under separate registration statements on Form F-6 (Registration No. 333-11920 and 333-142862). Each BBVA ADS represents one ordinary share.
(2)
Represents 2,000,000 ordinary shares reserved for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States. The BBVA ADSs to be awarded under such plan will be acquired in open market purchases or in private transactions. In addition, in accordance with Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall be deemed to include such additional ordinary shares as may be offered to prevent dilution resulting from stock splits, stock dividends or similar transactions pursuant to the provisions of the plan covered hereby.
(3)
Pursuant to Rule 457(h)(1) and Rule 457(c) under the Securities Act, the proposed maximum offering price per share and the proposed maximum aggregate offering price are estimated solely for the purpose of calculating the registration fee and are based on the average of the high and low prices of BBVA ADSs on the New York Stock Exchange on December 21, 2015.
EXPLANATORY NOTE
Banco Bilbao Vizcaya Argentaria, S.A. (the
"Registrant") filed a Registration Statement on Form S-8 on February 11, 2008 (Registration No. 333-149157) (the "First
Registration Statement") to register under the Securities Act of 1933, as amended (the "Securities Act"), 1,706,004
ordinary shares, nominal value €0.49 per share ("Ordinary Shares"), of which 1,320,911 of such Ordinary Shares
are reserved for awards of BBVA ADSs pursuant to the Amended and Restated Restricted Share and Unit Plan of BBVA Compass Bancshares,
Inc. (formerly entitled the 2007 Restricted Share and Unit Plan of Compass Bancshares, Inc.) and 385,093 of such Ordinary Shares
are reserved for awards of BBVA ADSs pursuant to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development
Plan (formerly entitled the Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan).
On November 23, 2009, the Compensation Committee
of the Board of Directors of Compass Bancshares, Inc. (now known as BBVA Compass Bancshares, Inc.) voted (i) to revise the Amended
and Restated Restricted Share and Unit Plan of Compass Bancshares, Inc. to provide that certain additional U.S. employees and officers
of the Registrant and its subsidiaries may participate in awards thereunder and (ii) to increase the amount of Ordinary Shares
registered under the Securities Act by 1,842,916 Ordinary Shares (the "First Additional Shares") for purposes of reserving
(A) 1,692,916 First Additional Shares for awards of BBVA ADSs in connection with three incentive programs to be made under the
Amended and Restated Restricted Share and Unit Plan of Compass Bancshares, Inc. and (B) 150,000 First Additional Shares for awards
of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 1,842,916
First Additional Shares were registered by the Registrant on a Registration Statement on Form S-8 on December 18, 2009 (Registration
No. 333-163816) (the "Second Registration Statement").
On May 20, 2010, the Compensation and Benefits
Committee of the Board of Directors of Compass Bancshares, Inc. (now known as BBVA Compass Bancshares, Inc.) (formerly the Compensation
Committee of the Board of Directors of Compass Bancshares, Inc.) voted to increase the amount of Ordinary Shares registered under
the Securities Act by 1,372,788 Ordinary Shares (the "Second Additional Shares") for purposes of reserving all of such
Second Additional Shares for awards of BBVA ADSs in connection with three incentive programs to be made under the Amended and Restated
Restricted Share and Unit Plan of BBVA Compass Bancshares, Inc. (formerly entitled the 2007 Restricted Share and Unit Plan of Compass
Bancshares, Inc.). Such 1,372,788 Second Additional Shares were registered by the Registrant on a Registration Statement on Form
S-8 on June 8, 2010 (Registration No. 333-167389) (the "Third Registration Statement").
On November 15, 2011, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted (i) to adopt the Amended and Restated Restricted
Share and Unit Plan of BBVA Compass Bancshares, Inc. to provide for the registration under the Securities Act of an additional
235,000 Ordinary Shares for purposes of awards of BBVA ADSs in connection with an incentive program primarily for selected U.S.
non-executive management employees and officers of Registrant or its direct or indirect subsidiaries and (ii) to adopt the Share
Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States to provide for the registration under
the Securities Act of an additional 2,218,800 Ordinary Shares for purposes of awards of BBVA ADSs in connection with an incentive
program for selected U.S. managers and certain other identified U.S. personnel who are not EMT members but whose activities are
considered to have a material impact on the company's risk profile or who are engaged in certain control functions, pursuant
to the system of variable remuneration adopted by the Registrant's shareholders at its meeting held on March 11, 2011 (altogether,
the "Third Additional Shares"). Such 2,453,800 Third Additional Shares were registered by the Registrant on a Registration
Statement on Form S-8 on November 25, 2011 (Registration No. 333-178186) (the "Fourth Registration Statement").
On November 20, 2012, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by 2,759,000 Ordinary Shares (the "Fourth Additional Shares") for purposes of reserving (i)
2,459,000 of such Fourth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management
and Certain Risk Functions in the United States, and (ii) 300,000 of such Fourth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan (formerly entitled the Compass Bancshares,
Inc. Local Directors Compensation and Business Development Plan). Such 2,759,000 Fourth Additional Shares were registered by the
Registrant on a Registration Statement on Form S-8 on December 18, 2012 (Registration No. 333-185538) (the "Fifth Registration
Statement").
On September 18, 2013, the Compensation
and Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares
registered under the Securities Act by 1,311,397 Ordinary Shares (the "Fifth Additional Shares") for purposes of reserving
(i) 1,061,397 of such Fifth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management
and Certain Risk Functions in the United States and (ii) 250,000 of such Fifth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 1,311,397 Fifth Additional Shares
were registered by the Registrant on a Registration Statement on Form S-8 on October 8, 2013 (Registration No. 333-191625) (the
"Sixth Registration Statement").
On October 27, 2014, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by 2,225,315 Ordinary Shares (the "Sixth Additional Shares") for purposes of reserving (i)
1,975,315 of such Sixth Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan for BBVA Group Management and
Certain Risk Functions in the United States and (ii) 250,000 of such Sixth Additional Shares for awards of BBVA ADSs under the
BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 2,225,315 Sixth Additional Shares
were registered by the Registrant on a Registration Statement on Form S-8 on November 4, 2014 (Registration No. 333-199835) (the
"Seventh Registration Statement").
On December 17, 2015, the Compensation and
Benefits Committee of the Board of Directors of BBVA Compass Bancshares, Inc. voted to increase the amount of Ordinary Shares registered
under the Securities Act by
2,000,000 Ordinary Shares (the "Seventh Additional Shares")
for purposes of reserving 2,000,000 of such Seventh Additional Shares for awards of BBVA ADSs under the Share Remuneration Plan
for BBVA Group Management and Certain Risk Functions in the United States.
Following such increases, an aggregate of
4,621,615 Ordinary Shares are reserved for awards of BBVA ADSs under the Amended and Restated Restricted Share and Unit Plan of
BBVA Compass Bancshares, Inc., an aggregate of 9,714,512 Ordinary Shares are reserved for awards of BBVA ADSs under the Share Remuneration
Plan for BBVA Group Management and Certain Risk Functions in the United States, and an aggregate of 1,335,093 Ordinary Shares are
reserved for awards of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development
Plan. The Registrant is filing this Registration Statement (this "Registration Statement") pursuant to and in accordance
with General Instruction E of Form S-8 to register such Seventh Additional Shares.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3. Incorporation of Documents by Reference.
Pursuant to General Instruction E of Form
S-8, the Registrant hereby incorporates by reference the First Registration Statement, the Second Registration Statement, the Third
Registration Statement, the Fourth Registration Statement, the Fifth Registration Statement, the Sixth Registration Statement and
the Seventh Registration Statement, except as the same may be modified by the information set forth in this Registration Statement.
The following documents filed by the Registrant
with the Securities and Exchange Commission (the "Commission") are hereby incorporated by reference in this Registration
Statement:
(a)
The Registrant's Annual Report on Form 20-F for the fiscal year ended December 31, 2014,
as filed with the Commission on April 15, 2015 (File No. 001-10110);
(b)
The Registrant's: (i) report on Form 6-K furnished to the Commission on November 24, 2015,
which includes the Registrant's unaudited condensed interim consolidated financial statements for the nine months ended September
30, 2015; (ii) report on Form 6-K furnished to the Commission on September 29, 2015 (SEC Accession No: 0001193125-15-332013), which
includes the Registrant's unaudited interim consolidated financial statements for the six months ended June 30, 2015; (iii)
report on Form 6-K furnished to the Commission on September 29, 2015 (SEC Accession No: 0001193125-15-331996), which includes the
Registrant's recast consolidated financial statements for the three years ended December 31, 2014; and (iv) report on Form
6-K furnished to the Commission on July 27, 2015 relating to Türkiye Garanti Bankası A.Ş.; and all reports filed
by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
since December 31, 2014, the end of the fiscal year covered by the Registrant's latest annual report referred to in (a) above
(File No. 001-10110); and
(c)
The description of the Registrant's ordinary shares and the description of the BBVA ADSs
included under the captions "Description of BBVA Ordinary Shares" and "Description of BBVA American Depositary
Shares", respectively, of the Prospectus dated July 25, 2013, included in the Registrant's Registration Statement on
Form F-3 as filed with the Commission on July 25, 2013 (Registration No. 333-190136).
All documents filed and, to the extent indicated
therein, furnished by the Registrant subsequent to the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14
and 15(d), as applicable, of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.
Any statement in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed
to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits.
The following exhibits are filed with this Registration Statement:
Exhibit No.
Description
4.1
Amended and Restated Bylaws (Estatutos) of Banco Bilbao Vizcaya Argentaria, S.A. (English translation).
4.2
Form of Amendment Number Four to the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.
5
The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States will be acquired in open market purchases at prevailing market prices or in private transactions. Because such purchases do not involve the issuance by the Registrant of any new ordinary shares and because such plans are not subject to ERISA, an opinion of counsel is not included with this Registration Statement.
23
Consent of Deloitte, S.L.
24
Power of Attorney (included in signature page).
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
Madrid on the 23
rd
day of December, 2015.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
By:
/s/ Donna Lee De Angelis
Name:
Donna Lee De Angelis
Title:
Chief of Talent & Culture
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that
each of the individuals whose signature appears below (whether as a member of the Board of Directors or officer of Banco Bilbao
Vizcaya Argentaria, S.A., or both, as authorized representative of Banco Bilbao Vizcaya Argentaria, S.A. or otherwise) constitutes
and appoints Donna Lee De Angelis, Manuel Sánchez Rodríguez and Diego Crasny Zyman, and each of them, his or her
true and lawful attorneys-in-fact and agents, with full and several power of substitution, for him or her in his or her name, place
and stead, in any and all capacities, to sign any and all amendments (including without limitation post-effective amendments) and
supplements to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and all documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises,
as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact
and agents or any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933,
this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Name
Position
Date
/
S/
        Francisco González Rodríguez
Francisco González Rodríguez
Chairman of the Board of Directors and Chief Executive Officer
December 23, 2015
/
S/
        Carlos Torres Vila
Carlos Torres Vila
President and Chief Operating Officer
December 23, 2015
/S/ Tomás Alfaro Drake
Tomás Alfaro Drake
Director
December 23, 2015
/
S/
        José Miguel Andrés Torrecillas
José Miguel Andrés Torrecillas
Director
December 23, 2015
/S/ Ramón Bustamante y de la Mora
Ramón Bustamante y de la Mora
Director
December 23, 2015
/S/ José Antonio Fernández Rivero
José Antonio Fernández Rivero
Director
December 23, 2015
/S/ Ignacio Ferrero Jordi
Ignacio Ferrero Jordi
Director
December 23, 2015
/S/ Belén Garijo López
Belén Garijo López
Director
December 23, 2015
/S/ José Manuel González-Páramo
José Manuel González-Páramo
Director
December 23, 2015
/S/ Carlos Loring Martínez de Irujo
Carlos Loring Martínez de Irujo
Director
December 23, 2015
/S/ Lourdes Máiz Carro
Lourdes Máiz Carro
Director
December 23, 2015
/
S/
        José Maldonado Ramos
José Maldonado Ramos
Director
December 23, 2015
/
S/
        José Luis Palao García-Suelto
José Luis Palao García-Suelto
Director
December 23, 2015
/
S/
        Juan Pi Llorens
Juan Pi Llorens
Director
December 23, 2015
/S/ Susana Rodríguez Vidarte
Susana Rodríguez Vidarte
Director
December 23, 2015
/S/ Jaime Sáenz de Tejada Pulido
Jaime Sáenz de Tejada Pulido
Chief Financial Officer
December 23, 2015
/
S/
        Ricardo Gómez Barredo
Ricardo Gómez Barredo
Head of Global Accounting and Information Management
December 23, 2015
/S/ Diego Crasny Zyman
Diego Crasny Zyman
Authorized Representative of Banco Bilbao Vizcaya Argentaria, S.A. in the United States
December 23, 2015
EXHIBIT INDEX
Exhibit No.
Description
4.1
Amended and Restated Bylaws (Estatutos) of Banco Bilbao Vizcaya Argentaria, S.A. (English translation).
4.2
Form of Amendment Number Four to the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.
5
The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States will be acquired in open market purchases at prevailing market prices or in private transactions. Because such purchases do not involve the issuance by the Registrant of any new ordinary shares and because such plans are not subject to ERISA, an opinion of counsel is not included with this Registration Statement.
23
Consent of Deloitte, S.L.
24
Power of Attorney (included in signature page).