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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 October 30, 2018.</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"><B></B></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>UNITED STATES</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></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"><B>FORM S-8</B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES ACT OF 1933</B></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"><B>BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</B></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: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="background-color: white">
    <TD STYLE="width: 50%; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Kingdom of Spain</B></FONT></TD>
    <TD STYLE="width: 50%; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>13-3491492</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="font-size: 12pt; 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: 12pt; 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: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&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>Calle Azul, 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>28050 Madrid</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>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"><B>BBVA Compass Bancshares, Inc. Local Directors
Compensation and Business Development Plan</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">(Full title of plans)</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">____________________________</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>

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<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>

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

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<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: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________________</P>

<P STYLE="font: 8pt 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, a smaller reporting company or an emerging growth company. See the definitions
of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &ldquo;emerging
growth company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<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 [ ]</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Non-accelerated filer [ ]</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Smaller reporting company [ ]</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Emerging growth company [ ]</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 7(a)(2)(B) of the Securities Act. [ ]</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</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">____________________________</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: 10pt 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; 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; 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; 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; 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; 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; text-align: center"><FONT STYLE="font-size: 10pt">Ordinary shares, nominal value &euro;0.49 per share (&ldquo;Ordinary Shares&rdquo;)</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="font-size: 10pt">3,650,000 shares</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="font-size: 10pt">$5.67</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="font-size: 10pt">$20,695,500.00</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: center"><FONT STYLE="font-size: 10pt">$2,508.29</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 48px"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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, 333-142862 and 333-227541). Each BBVA ADS represents
        one Ordinary Share.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Represents 3,400,000 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 and 250,000
        Ordinary Shares reserved for awards of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business
        Development Plan. The BBVA ADSs to be awarded under such plans 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 plans covered hereby.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></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 October 24, 2018.</FONT></TD></TR>
</TABLE>

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<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, 1,706,004 Ordinary Shares, of which 1,320,911 of such Ordinary
Shares were 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 were 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>

<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 the 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</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-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">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 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. Such 2,000,000 Seventh Additional Shares were registered by the Registrant on a Registration
Statement on Form S-8 on December 23, 2015 (Registration No. 333-208728) (the &ldquo;Eighth 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 March 28, 2017, 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 5,200,000 Ordinary Shares (the &ldquo;Eighth Additional Shares&rdquo;) for purposes of reserving (i)
4,950,000 of such Eighth 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 Eighth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 5,200,000 Eighth Additional
Shares were registered by the Registrant on a Registration Statement on Form S-8 on March 31, 2017 (Registration No. 333-217073)
(the &ldquo;Ninth 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 24, 2018, 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 3,650,000 Ordinary Shares (the &ldquo;Ninth Additional Shares&rdquo;) for purposes of reserving (i)
3,400,000 of such Ninth 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 Ninth Additional Shares for awards of BBVA ADSs under the
BBVA 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">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 18,064,512 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 1,835,093 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 Ninth 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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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><BR STYLE="clear: both">
<FONT STYLE="font-size: 10pt"><B><U>PART II</U></B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Item 3. Incorporation of Documents by Reference.</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&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,
the Seventh Registration Statement, the Eighth Registration Statement and the Ninth 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 with or furnished
to the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) by the Registrant 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, 2017,
as filed with the Commission on April 5, 2018 (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 report on Form 6-K furnished to the Commission on September 25, 2018, which
includes the Registrant&rsquo;s unaudited condensed interim consolidated financial statements for the six months ended June 30,
2018 (SEC Accession No. 0000842180-18-000010);</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">All other 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, 2017, the end of the fiscal year covered
by the Registrant&rsquo;s latest annual report referred to in (a) above; 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">(d)</TD><TD>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,
in the Prospectus dated September 25, 2017, included in Post-Effective Amendment No. 1 to the Registrant&rsquo;s Registration Statement
on Form F-3 as filed with the Commission on September 25, 2017 (Registration No. 333-212729).</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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Item 8. Exhibits.</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed with this Registration Statement:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 66pt"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT><B>
</TD>
    <TD><B><U>Description</U></B></TD></TR>
</TABLE>
<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"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 39pt">4.1</TD><TD><A HREF="http://www.sec.gov/Archives/edgar/data/842180/000084218018000006/d20f2017exhibits1.htm">Amended and Restated Bylaws
(<I>Estatutos</I>) of Banco Bilbao Vizcaya Argentaria, S.A.</A> (English translation). (*)</TD></TR></TABLE>

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


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<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: 27pt"></TD><TD STYLE="width: 45pt">4.2</TD><TD><A HREF="dp97567_ex0402.htm">Form of Amendment Number One to the Amended and Restated Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.</A></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: 27pt"></TD><TD STYLE="width: 45pt">4.3</TD><TD><A HREF="dp97567_ex0403.htm">Form of Amendment Number Six to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan.</A></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: 27pt"></TD><TD STYLE="width: 45pt">5</TD><TD>The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions
in the United States and the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan 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 the Employee Retirement Income Security
Act of 1974 (&ldquo;ERISA&rdquo;), an opinion of counsel is not included with this Registration Statement.</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: 27pt"></TD><TD STYLE="width: 45pt">23.1</TD><TD><A HREF="dp97567_ex2301.htm">Consent of KPMG Auditores, S.L.</A></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: 27pt"></TD><TD STYLE="width: 45pt">23.2</TD><TD><A HREF="dp97567_ex2302.htm">Consent of Deloitte, S.L.</A></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: 27pt"></TD><TD STYLE="width: 45pt">24</TD><TD STYLE="text-align: justify"><A HREF="#poa">Power of Attorney (included in signature page)</A></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 0pt 0.75in">(*) Incorporated by reference to Exhibit 1.1 of Banco
Bilbao Vizcaya Argentaria, S.A.&rsquo;s Annual Report on Form 20-F for the year ended December 31, 2017.<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<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 29<SUP>th</SUP> day of October, 2018.</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: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><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">/s/ <FONT STYLE="font-size: 10pt">Ricardo Forcano Garc&iacute;a</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;&nbsp;&nbsp;Ricardo Forcano Garc&iacute;a</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">&nbsp;&nbsp;&nbsp;Global Head 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">&nbsp;</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><A NAME="poa"></A>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 Ricardo Forcano Garc&iacute;a, Onur Gen&ccedil; 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; text-indent: 0.5in">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; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 34%"><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 33%"><FONT STYLE="font-size: 10pt"><B>Position</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 24%"><FONT STYLE="font-size: 10pt"><B>Date</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Francisco Gonz&aacute;lez Rodr&iacute;guez</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Francisco Gonz&aacute;lez Rodr&iacute;guez</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Group Executive Chairman</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Carlos Torres Vila</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Carlos Torres Vila</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Tom&aacute;s Alfaro Drake</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Tom&aacute;s Alfaro Drake</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jos&eacute; Miguel Andr&eacute;s Torrecillas</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jos&eacute; Miguel Andr&eacute;s Torrecillas</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jaime F&eacute;lix Caruana Lacorte</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jaime F&eacute;lix Caruana Lacorte</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%">&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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Bel&eacute;n Garijo L&oacute;pez</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Bel&eacute;n Garijo L&oacute;pez</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jos&eacute; Manuel Gonz&aacute;lez-P&aacute;ramo Mart&iacute;nez-Murillo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jos&eacute; Manuel Gonz&aacute;lez-P&aacute;ramo Mart&iacute;nez-Murillo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Sunir Kumar Kapoor</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Sunir Kumar Kapoor </FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Carlos Loring Mart&iacute;nez de Irujo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Carlos Loring Mart&iacute;nez de Irujo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Lourdes M&aacute;iz Carro</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Lourdes M&aacute;iz Carro</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jos&eacute; Maldonado Ramos</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jos&eacute; Maldonado Ramos</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Ana Cristina Peralta Moreno</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Ana Cristina Peralta Moreno</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Juan Pi Llorens</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Juan Pi Llorens</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Susana Rodr&iacute;guez Vidarte</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Susana Rodr&iacute;guez Vidarte</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jan Paul Marie Francis Verplancke</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jan Paul Marie Francis Verplancke</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="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 STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jaime S&aacute;enz de Tejada Pulido</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jaime S&aacute;enz de Tejada Pulido</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Financial Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Ricardo G&oacute;mez Barredo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Ricardo G&oacute;mez Barredo</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Head of Accounting and Supervisors</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">October 29, 2018</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Diego Crasny Zyman </FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Diego Crasny Zyman</FONT></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">October 29, 2018</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0"></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"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 72pt"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT><B>
</TD>
    <TD><B><U>Description</U></B></TD></TR>
</TABLE>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></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: 27pt"></TD><TD STYLE="width: 45pt">4.1</TD><TD><A HREF="http://www.sec.gov/Archives/edgar/data/842180/000084218018000006/d20f2017exhibits1.htm">Amended and Restated Bylaws
(<I>Estatutos</I>) of Banco Bilbao Vizcaya Argentaria, S.A.</A> (English translation). (*)</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: 27pt"></TD><TD STYLE="width: 45pt">4.2</TD><TD><A HREF="dp97567_ex0402.htm">Form of Amendment Number One to the Amended and Restated Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.</A></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: 27pt"></TD><TD STYLE="width: 45pt">4.3</TD><TD><A HREF="dp97567_ex0403.htm">Form of Amendment Number Six to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan.</A></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: 27pt"></TD><TD STYLE="width: 45pt">5</TD><TD>The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions
in the United States and the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan 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.</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: 27pt"></TD><TD STYLE="width: 45pt">23.1</TD><TD><A HREF="dp97567_ex2301.htm">Consent of KPMG Auditores, S.L.</A></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: 27pt"></TD><TD STYLE="width: 45pt">23.2</TD><TD><A HREF="dp97567_ex2302.htm">Consent of Deloitte, S.L.</A></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: 27pt"></TD><TD STYLE="width: 45pt">24</TD><TD STYLE="text-align: justify"><A HREF="#poa">Power of Attorney (included in signature page)</A></TD></TR></TABLE>

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

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in">(*) Incorporated by reference to Exhibit
1.1 of <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Banco Bilbao Vizcaya Argentaria, S.A.&rsquo;s
Annual Report on Form 20-F for the year ended December 31, 2017.</FONT></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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[{"type": "S-8", "sequence": "1", "filename": "dp97567_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 66320}]
{"company-data": {"conformed-name": "BANCO BILBAO VIZCAYA ARGENTARIA, S.A.", "cik": "0000842180", "assigned-sic": "6029", "irs-number": "000000000", "state-of-incorporation": "U3", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-228053", "film-number": "181146868"}, "business-address": {"street1": "CIUDAD BBVA C/. SAUCEDA, 28.", "street2": "EDIFICIO AFRICA", "city": "MADRID", "state": "U3", "zip": "28050", "phone": "011 34 91 537 8172"}, "mail-address": {"street1": "CIUDAD BBVA C/. SAUCEDA, 28.", "street2": "EDIFICIO AFRICA", "city": "MADRID", "state": "U3", "zip": "28050"}, "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 October 30, 2018.
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.)
Calle Azul, 4
28050 Madrid
Spain
(Address of Principal Executive Offices)
____________________________
Share Remuneration Plan for BBVA Group
Management and Certain Risk Functions in the United States
BBVA Compass Bancshares, Inc. Local Directors
Compensation and Business Development Plan
(Full title of plans)
____________________________
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, a smaller reporting company or an emerging growth company. See the definitions
of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging
growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer [X]
Accelerated filer [ ]
Non-accelerated filer [ ]
Smaller reporting company [ ]
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 7(a)(2)(B) of the Securities Act. [ ]
____________________________
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 ("Ordinary Shares")
3,650,000 shares
$5.67
$20,695,500.00
$2,508.29
(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, 333-142862 and 333-227541). Each BBVA ADS represents
        one Ordinary Share.
(2)
Represents 3,400,000 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 and 250,000
        Ordinary Shares reserved for awards of BBVA ADSs under the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business
        Development Plan. The BBVA ADSs to be awarded under such plans 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 plans 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 October 24, 2018.
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, 1,706,004 Ordinary Shares, of which 1,320,911 of such Ordinary
Shares were 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 were 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 the 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. Such 2,000,000 Seventh Additional Shares were registered by the Registrant on a Registration
Statement on Form S-8 on December 23, 2015 (Registration No. 333-208728) (the "Eighth Registration Statement").
On March 28, 2017, 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 5,200,000 Ordinary Shares (the "Eighth Additional Shares") for purposes of reserving (i)
4,950,000 of such Eighth 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 Eighth Additional Shares for awards of BBVA ADSs under
the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan. Such 5,200,000 Eighth Additional
Shares were registered by the Registrant on a Registration Statement on Form S-8 on March 31, 2017 (Registration No. 333-217073)
(the "Ninth Registration Statement").
On October 24, 2018, 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 3,650,000 Ordinary Shares (the "Ninth Additional Shares") for purposes of reserving (i)
3,400,000 of such Ninth 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 Ninth Additional Shares for awards of BBVA ADSs under the
BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan.
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 18,064,512 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 1,835,093 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 Ninth 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,
the Seventh Registration Statement, the Eighth Registration Statement and the Ninth Registration Statement, except as the same
may be modified by the information set forth in this Registration Statement.
The following documents filed with or furnished
to the Securities and Exchange Commission (the "Commission") by the Registrant 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, 2017,
as filed with the Commission on April 5, 2018 (File No. 001-10110);
(b)
The Registrant's report on Form 6-K furnished to the Commission on September 25, 2018, which
includes the Registrant's unaudited condensed interim consolidated financial statements for the six months ended June 30,
2018 (SEC Accession No. 0000842180-18-000010);
(c)
All other 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, 2017, the end of the fiscal year covered
by the Registrant's latest annual report referred to in (a) above; and
(d)
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,
in the Prospectus dated September 25, 2017, included in Post-Effective Amendment No. 1 to the Registrant's Registration Statement
on Form F-3 as filed with the Commission on September 25, 2017 (Registration No. 333-212729).
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 One to the Amended and Restated Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.
4.3
Form of Amendment Number Six to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan.
5
The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions
in the United States and the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan 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 the Employee Retirement Income Security
Act of 1974 ("ERISA"), an opinion of counsel is not included with this Registration Statement.
23.1
Consent of KPMG Auditores, S.L.
23.2
Consent of Deloitte, S.L.
24
Power of Attorney (included in signature page)
(*) Incorporated by reference to Exhibit 1.1 of Banco
Bilbao Vizcaya Argentaria, S.A.'s Annual Report on Form 20-F for the year ended December 31, 2017.
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 29
th
day of October, 2018.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
By:
/s/
Ricardo Forcano García
Name:
Ricardo Forcano García
Title:
Global Head 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 Ricardo Forcano García, Onur Genç 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
Group Executive Chairman
October 29, 2018
/s/ Carlos Torres Vila
Carlos Torres Vila
Chief Executive Officer
October 29, 2018
/s/ Tomás Alfaro Drake
Tomás Alfaro Drake
Director
October 29, 2018
/s/ José Miguel Andrés Torrecillas
José Miguel Andrés Torrecillas
Director
October 29, 2018
/s/ Jaime Félix Caruana Lacorte
Jaime Félix Caruana Lacorte
Director
October 29, 2018
/s/ Belén Garijo López
Belén Garijo López
Director
October 29, 2018
/s/ José Manuel González-Páramo Martínez-Murillo
José Manuel González-Páramo Martínez-Murillo
Director
October 29, 2018
/s/ Sunir Kumar Kapoor
Sunir Kumar Kapoor
Director
October 29, 2018
/s/ Carlos Loring Martínez de Irujo
Carlos Loring Martínez de Irujo
Director
October 29, 2018
/s/ Lourdes Máiz Carro
Lourdes Máiz Carro
Director
October 29, 2018
/s/ José Maldonado Ramos
José Maldonado Ramos
Director
October 29, 2018
/s/ Ana Cristina Peralta Moreno
Ana Cristina Peralta Moreno
Director
October 29, 2018
/s/ Juan Pi Llorens
Juan Pi Llorens
Director
October 29, 2018
/s/ Susana Rodríguez Vidarte
Susana Rodríguez Vidarte
Director
October 29, 2018
/s/ Jan Paul Marie Francis Verplancke
Jan Paul Marie Francis Verplancke
Director
October 29, 2018
/s/ Jaime Sáenz de Tejada Pulido
Jaime Sáenz de Tejada Pulido
Chief Financial Officer
October 29, 2018
/s/ Ricardo Gómez Barredo
Ricardo Gómez Barredo
Head of Accounting and Supervisors
October 29, 2018
/s/ Diego Crasny Zyman
Diego Crasny Zyman
Authorized Representative of Banco Bilbao Vizcaya Argentaria, S.A. in the United States
October 29, 2018
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 One to the Amended and Restated Share Remuneration Plan for BBVA Group Management and Certain Risk Functions in the United States.
4.3
Form of Amendment Number Six to the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan.
5
The BBVA ADSs awarded to participants under the Share Remuneration Plan for BBVA Group Management and Certain Risk Functions
in the United States and the BBVA Compass Bancshares, Inc. Local Directors Compensation and Business Development Plan 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.
23.1
Consent of KPMG Auditores, S.L.
23.2
Consent of Deloitte, S.L.
24
Power of Attorney (included in signature page)
(*) Incorporated by reference to Exhibit
1.1 of
Banco Bilbao Vizcaya Argentaria, S.A.'s
Annual Report on Form 20-F for the year ended December 31, 2017.