XML 42 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 14 - Held-to-maturity investments | 12 Months Ended
--- | ---
Dec. 31, 2017
Held to maturity investment |
Held to Maturity investment | Held-to-maturity investments The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the according to the issuer of the financial instrument, is as follows
Held-to-maturity investments. Debt Securities (*) (Millions of euros)
| 2017 | 2016
Domestic Debt Securities |  |
Spanish Government and other general governments agencies debt securities | 5,754 | 8,063
Other debt securities | 230 | 562
Issued by credit institutions | 203 | 494
Issued by other issuers | 27 | 68
Subtotal | 5,984 | 8,625
Turkey | 5,400 | 6,184
Turkey Government and other general governments agencies debt securities | 4,515 | 5,263
Other debt securities | 885 | 921
Issued by credit institutions | 845 | 876
Issued by other issuers | 40 | 45
Other countries | 2,370 | 2,887
Other foreign governments and other general governments agencies debt securities | 2,349 | 2,719
Other debt securities | 21 | 168
Issued by credit institutions | - | 146
Issued by other issuers | 21 | 22
Subtotal | 7,770 | 9,071
Total | 13,754 | 17,696
(*) As of December 31, 2015 the Group BBVA has not registered any balances in this heading. As of December 31, 2017 and 2016, the credit ratings of the issuers of debt securities classified as held-to-maturity investments were as follows
Held to maturity investments. Debt Securities by Rating
| December 2017 | December 2016
| Book value(Millions of Euros) | % | Book value(Millions of Euros) | %
AA | 41 | 0.3% | 43 | 0.2%
AA- | - | - | 134 | 0.8%
A+ | 55 | 0.4% | - | -
BBB+ | 5,667 | 41.2% | 10,472 | 59.2%
BBB | 2,412 | 17.5% | 591 | 3.3%
BBB- | 2,818 | 20.5% | 5,187 | 29.3%
BB+ or below | 1,696 | 12.3% | - | -
Without rating | 1,064 | 7.7% | 1,270 | 7.2%
Total | 13,754 | 100.0% | 17,696 | 100.0%
In 2016, some debt securities were reclassified from “Available-for-sale financial assets” to “Held-to-maturity investments” amounting to €17,650 million. This reclassification has been carried out once past the two-year penalty established in IAS-39 standar d (penalization which meant not being able to keep maturity portfolio due to the significant sales that occurred in the year 2013) and since the intention of the Group regarding how to manage such securities, is to hold them until maturity. The following t able shows the fair value and carrying amounts of these reclassified financial assets
Debt Securities reclassified to "Held to Maturity Investments" (Millions of euros)
| As of Reclassification date | As of December 31, 2017 (*) | As of December 31, 2016 (*)
| Carrying Amount | Fair Value | Carrying Amount | Fair Value | Carrying Amount | Fair Value
BBVA, S.A. | 11,162 | 11,162 | 6,521 | 6,551 | 9,589 | 9,635
TURKIYE GARANTI BANKASI, A.S | 6,488 | 6,488 | 5,381 | 5,392 | 6,230 | 6,083
Total | 17,650 | 17,650 | 11,902 | 11,943 | 15,819 | 15,718
(*) The decrease in book value is mainly due to amortizations since the date of reclassification. The fair value carrying amount of these financials asset on the date of the reclassification becomes its new amortized cost. The previous gain on that asset that has been recognized in “Accumulated other comprehensive income – Items that may be reclassified to profit or loss - Available for sale financial assets” is amortized to profit or loss over the remaining life of the held-to-maturity investment using the effective interest method. Any difference between the new amortized cost and maturity amount is also amortized over the remaining life of the financial asset using the effective interest method, similar to the amortization of a premium and a discount. This reclassification was triggered by a change in the Group´s strategy regarding the management of these securities The following table for the years ended December 31, 2017 and 2016, includes the amount recognized in the income statement from the valuation at amortized cost of the reclassified financial assets. The Table also provides the impact recognized on the income statement and under the heading “Total Equity - Accumulated other comprehensive income”, if the reclassification had not been performed
Effect on Income Statement and Other Comprehensive Income (Millions of euros)
| As of December 31, 2017 | As of December 31, 2016
| Recognized in | Effect of not Reclassifying | Recognized in | Effect of not Reclassifying
| Income Statement | Income Statement | Equity"Accumulated other comprehensive income" | Income Statement | Income Statement | Equity"Accumulated other comprehensive income"
BBVA, S.A. | 172 | 172 | (18) | 230 | 230 | (86)
TURKIYE GARANTI BANKASI, A.S | 545 | 545 | (16) | 326 | 326 | (225)
Total | 717 | 717 | (34) | 557 | 557 | (311)

X
- References No definition available. + Details
Name: | bbva_Disclosureofheldtomaturityinvestmentexplanatory
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | bbva_Heldtomaturityinvestmentabstract
Namespace Prefix: | bbva_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration