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Note 7 - Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2018
Risk Management Abstract |
Credit Risk Exposure |
Maximum Credit Risk Exposure (Millions of euros)
| Notes | 2018 |  |  |
Financial assets held for trading |  | 59.581 |  |  |
Debt securities | 10 | 25.577 |  |  |
Equity instruments | 10 | 5.254 |  |  |
Loans and advances | 10 | 28.750 |  |  |
Non-trading financial assets mandatorily at fair value through profit or loss |  | 5.135 |  |  |
Loans and advances | 11 | 1.803 |  |  |
Debt securities | 11 | 237 |  |  |
Equity instruments | 11 | 3.095 |  |  |
Financial assets designated at fair value through profit or loss | 12 | 1.313 |  |  |
Derivatives (trading and hedging) |  | 38.249 | Stage 1 | Stage 2 | Stage 3
Financial assets at fair value through other comprehensive income |  | 56.332 | 56.329 | 3 | -
Debt securities | 13.1 | 53.737 | 53.734 | 3 | -
Equity instruments | 13.1 | 2.595 | 2.595 | - | -
Financial assets at amortized cost |  | 431.927 | 384.632 | 30.902 | 16.394
Loans and advances to central banks |  | 3.947 | 3.947 | - | -
Loans and advances to credit institutions |  | 9.175 | 9.131 | 34 | 10
Loans and advances to customers |  | 386.225 | 339.204 | 30.673 | 16.348
Debt securities |  | 32.580 | 32.350 | 195 | 35
Total financial assets risk |  | 592.538 | 440.960 | 30.905 | 16.394
Total loan commitments and financial guarantees | 33 | 170.511 | 161.404 | 8.120 | 987
Total maximum credit exposure |  | 763.049 |  |  |
There was no similar breakdown before the implementation of IFRS 9 on January 1, 2018 (see Note 2.1).
Loans And Advances Breakdown By Counterparty |
December 2018 (Millions of Euros)
| Central banks | General governments | Credit institutions | Other financial corporations | Non-financial corporations | Households | Total | Provisions | Gross carrying amount
By product |  |  |  |  |  |  |  |  |
On demand and short notice | - | 10 | - | 151 | 2.833 | 648 | 3.641 | (193) | 3.834
Credit card debt | - | 8 | 1 | 2 | 2.328 | 13.108 | 15.446 | (1.048) | 16.495
Trade receivables |  | 948 | - | 195 | 16.190 | 103 | 17.436 | (280) | 17.716
Finance leases | - | 226 | - | 3 | 8.014 | 406 | 8.650 | (427) | 9.077
Reverse repurchase loans | - | 293 | 477 | - | - | - | 770 | (1) | 772
Other term loans | 3.911 | 26.839 | 2.947 | 7.030 | 133.573 | 157.760 | 332.060 | (10.204) | 342.264
Advances that are not loans | 29 | 1.592 | 5.771 | 2.088 | 984 | 498 | 10.962 | (63) | 11.025
Loans and advances | 3.941 | 29.917 | 9.196 | 9.468 | 163.922 | 172.522 | 388.966 | (12.217) | 401.183
By secured loans |  |  |  |  |  |  |  |  |
of which: mortgage loans collateralized by immovable property |  | 1.056 | 15 | 219 | 26.784 | 111.809 | 139.883 | (4.122) | 144.005
of which: other collateralized loans | - | 7.179 | 285 | 1.389 | 31.393 | 6.835 | 47.081 | (774) | 47.855
By purpose of the loan |  |  |  |  |  |  |  |  |
of which: credit for consumption |  |  |  |  |  | 40.124 | 40.124 | (2.613) | 42.736
of which: lending for house purchase |  |  |  |  |  | 111.007 | 111.007 | (1.945) | 112.952
By subordination |  |  |  |  |  |  |  |  |
of which: project finance loans |  |  |  |  | 13.973 |  | 13.973 | (312) | 14.286
December 2017 (Millions of euros)
| Central banks | General governments | Credit institutions | Other financial corporations | Non-financial corporations | Households | Total
On demand and short notice | - | 222 | - | 270 | 7.663 | 2.405 | 10.560
Credit card debt | - | 6 | - | 3 | 1.862 | 13.964 | 15.835
Trade receivables |  | 1.624 | - | 497 | 20.385 | 198 | 22.705
Finance leases | - | 205 | - | 36 | 8.040 | 361 | 8.642
Reverse repurchase loans | 305 | 1.290 | 13.793 | 10.912 | - | - | 26.300
Other term loans | 6.993 | 26.983 | 4.463 | 5.763 | 125.228 | 155.418 | 324.848
Advances that are not loans | 2 | 1.964 | 8.005 | 1.044 | 1.459 | 522 | 12.995
Loans and advances | 7.301 | 32.294 | 26.261 | 18.525 | 164.637 | 172.868 | 421.886
of which: mortgage loans (Loans collateralized by immovable property) |  | 998 | - | 308 | 37.353 | 116.938 | 155.597
of which: other collateralized loans |  | 7.167 | 13.501 | 12.907 | 24.100 | 9.092 | 66.767
of which: credit for consumption |  |  |  |  |  | 40.705 | 40.705
of which: lending for house purchase |  |  |  |  |  | 114.709 | 114.709
of which: project finance loans |  |  |  |  | 16.412 |  | 16.412
December 2016 (Millions of euros)
| Central banks | General governments | Credit institutions | Other financial corporations | Non-financial corporations | Households | Total
On demand and short notice | - | 373 | - | 246 | 8.125 | 2.507 | 11.251
Credit card debt | - | 1 | - | 1 | 1.875 | 14.719 | 16.596
Trade receivables |  | 2.091 | - | 998 | 20.246 | 418 | 23.753
Finance leases | - | 261 | - | 57 | 8.647 | 477 | 9.442
Reverse repurchase loans | 81 | 544 | 15.597 | 6.746 | - | - | 22.968
Other term loans | 8.814 | 29.140 | 7.694 | 6.878 | 136.105 | 167.892 | 356.524
Advances that are not loans | - | 2.410 | 8.083 | 2.082 | 1.194 | 620 | 14.389
Loans and advances | 8.894 | 34.820 | 31.373 | 17.009 | 176.192 | 186.633 | 454.921
of which: mortgage loans [Loans collateralized by immovable property] |  | 4.722 | 112 | 690 | 44.406 | 132.398 | 182.328
of which: other collateralized loans |  | 3.700 | 15.191 | 8.164 | 21.863 | 6.061 | 54.979
of which: credit for consumption |  |  |  |  |  | 44.504 | 44.504
of which: lending for house purchase |  |  |  |  |  | 127.606 | 127.606
of which: project finance loans |  |  |  |  | 19.269 |  | 19.269
Guaranteed financial instruments based on IFRS 9 |
December 2018 (Millions of Euros)
| Maximum exposure to credit risk | Of which secured by collateral
| Residential properties | Commercial properties | Cash | Others | Financial
Impaired financial assets at amortized cost | 16.394 | 3.484 | 1.255 | 13 | 317 | 502
Total | 16.394 | 3.484 | 1.255 | 13 | 317 | 502
BBVA Abridged Rating Scale |
External rating | Internal rating | Probability of default(basis points)
Standard&Poor's List | Reduced List (22 groups) | Average | Minimum from >= | Maximum
AAA | AAA | 1 | - | 2
AA+ | AA+ | 2 | 2 | 3
AA | AA | 3 | 3 | 4
AA- | AA- | 4 | 4 | 5
A+ | A+ | 5 | 5 | 6
A | A | 8 | 6 | 9
A- | A- | 10 | 9 | 11
BBB+ | BBB+ | 14 | 11 | 17
BBB | BBB | 20 | 17 | 24
BBB- | BBB- | 31 | 24 | 39
BB+ | BB+ | 51 | 39 | 67
BB | BB | 88 | 67 | 116
BB- | BB- | 150 | 116 | 194
B+ | B+ | 255 | 194 | 335
B | B | 441 | 335 | 581
B- | B- | 785 | 581 | 1.061
CCC+ | CCC+ | 1.191 | 1.061 | 1.336
CCC | CCC | 1.500 | 1.336 | 1.684
CCC- | CCC- | 1.890 | 1.684 | 2.121
CC+ | CC+ | 2.381 | 2.121 | 2.673
CC | CC | 3.000 | 2.673 | 3.367
CC- | CC- | 3.780 | 3.367 | 4.243
Probability of Default |
| December 2018
| Subject to 12 month ECL (Stage 1) | Subject to lifetime ECL (Stage 2)
Probability of default(basis points) | % | %
0 to 2 | 9,6 | 0,0
2 to 5 | 10,8 | 0,1
5 to 11 | 6,3 | 0,0
11 to 39 | 20,9 | 0,4
39 to 194 | 30,1 | 1,8
194 to 1,061 | 12,2 | 3,6
1,061 to 2,121 | 1,6 | 1,2
> 2,021 | 0,2 | 1,2
Total | 91,7 | 8,3
There was no similar breakdown before the implementation of IFRS 9 on January 1, 2018 (see Note 2.1).
Past Due But Not Impaired |
December 2018 (Millions of euros)
| Assets without significant increase in credit risk since initial recognition (Stage 1) | Assets with significant increase in credit risk since initial recognition but not credit-impaired (Stage 2) | Credit-impaired assets (Stage 3)
| <= 30 days | > 30 days <= 90 days | > 90 days | <= 30 days | > 30 days <= 90 days | > 90 days | <= 30 days | > 30 days <= 90 days | > 90 days
Debt securities | - | - | - | - | - | - | - | - | 5
Loans and advances | 4.191 | 454 | - | 4.261 | 3.228 | - | 407 | 900 | 2.769
General governments | 95 | 7 | - | 5 | 1 | - | 5 | 5 | 26
Credit institutions | 3 | - | - | - | - | - | - | - | -
Other financial corporations | 117 | 224 | - | 2 | - | - | - | - | 5
Non-financial corporations | 1.140 | 158 | - | 1.282 | 1.180 | - | 149 | 276 | 1.333
Households | 2.835 | 64 | - | 2.971 | 2.047 | - | 254 | 618 | 1.404
TOTAL | 4.191 | 454 | - | 4.261 | 3.228 | - | 407 | 900 | 2.774
Loans and advances by product, by collateral and by subordination |  |  |  |  |  |  |  |  |
On demand (call) and short notice (current account) | 127 | - | - | 25 | 47 | - | 3 | 4 | 52
Credit card debt | 182 | 10 | - | 598 | 102 | - | 24 | 25 | 120
Trade receivables | 46 | 12 | - | 20 | 106 | - | 2 | 11 | 50
Finance leases | 307 | 16 | - | 43 | 102 | - | 10 | 20 | 110
Other term loans | 3.421 | 325 | - | 3.575 | 2.869 | - | 369 | 840 | 2.433
Advances that are not loans | 108 | 89 | - | - | 1 | - | - | - | 4
of which: mortgage loans collateralized by immovable property | 1.681 | 38 | - | 1.598 | 1.745 | - | 251 | 712 | 1.365
of which: other collateralized loans | 255 | 14 | - | 742 | 99 | - | 22 | 21 | 103
of which: credit for consumption | 910 | 27 | - | 1.278 | 424 | - | 49 | 49 | 281
of which: lending for house purchase | 1.365 | 24 | - | 1.394 | 1.404 | - | 170 | 507 | 839
of which: project finance loans | 1 | - | - | - | 382 | - | - | - | 71
December 2017 (Millions of euros) (*)
| Past due but not impaired | Impaired assets | Carrying amount of the impaired assets | Specific allowances for financial assets, individually and collectively estimated | Collective allowances for incurred but not reported losses | Accumulated write-offs
| ≤ 30 days | > 30 days ≤ 60 days | > 60 days ≤ 90 days
Debt securities | - | - | - | 66 | 38 | (28) | (21) | -
Loans and advances | 3.432 | 759 | 503 | 19.401 | 10.726 | (8.675) | (4.109) | (29.938)
General governments | 75 | 3 | 13 | 171 | 129 | (42) | (69) | (27)
Credit institutions | - | - | - | 11 | 5 | (6) | (30) | (5)
Other financial corporations | 2 | - | - | 12 | 6 | (7) | (19) | (5)
Non-financial corporations | 843 | 153 | 170 | 10.791 | 5.192 | (5.599) | (1.939) | (18.988)
Households | 2.512 | 603 | 319 | 8.417 | 5.395 | (3.022) | (2.052) | (10.913)
TOTAL | 3.432 | 759 | 503 | 19.467 | 10.764 | (8.703) | (4.130) | (29.938)
Loans and advances by product, by collateral and by subordination |  |  |  |  |  |  |  |
On demand (call) and short notice (current account) | 77 | 12 | 11 | 389 | 151 | (238) |  |
Credit card debt | 397 | 66 | 118 | 629 | 190 | (439) |  |
Trade receivables | 115 | 8 | 9 | 515 | 179 | (336) |  |
Finance leases | 138 | 66 | 47 | 431 | 155 | (276) |  |
Other term loans | 2.705 | 606 | 317 | 17.417 | 10.047 | (7.370) |  |
Advances that are not loans | 1 | - | 1 | 20 | 3 | (16) |  |
of which: mortgage loans (Loans collateralized by immovable property) | 1.345 | 360 | 164 | 11.388 | 7.630 | (3.757) |  |
of which: other collateralized loans | 592 | 137 | 43 | 803 | 493 | (310) |  |
of which: credit for consumption | 1.260 | 248 | 207 | 1.551 | 457 | (1.093) |  |
of which: lending for house purchase | 1.034 | 307 | 107 | 5.730 | 4.444 | (1.286) |  |
of which: project finance loans | 13 | - | 25 | 1.165 | 895 | (271) |  |
(*) Figures originally reported in the year 2017 in accordance to the applicable regulation, without restatements.
December 2016 (Millions of euros) (*)
| Past due but not impaired | Impaired assets | Carrying amount of the impaired assets | Specific allowances for financial assets, individually and collectively estimated | Collective allowances for incurred but not reported losses | Accumulated write-offs
| <= 30 days | > 30 days <= 60 days | > 60 days <= 90 days
Debt securities | - | - | - | 272 | 128 | (144) | (46) | (1)
Loans and advances | 3.384 | 696 | 735 | 22.925 | 12.133 | (10.793) | (5.224) | (29.346)
General governments | 66 | - | 2 | 295 | 256 | (39) | (13) | (13)
Credit institutions | 3 | - | 82 | 10 | 3 | (7) | (36) | (5)
Other financial corporations | 4 | 7 | 21 | 34 | 8 | (25) | (57) | (6)
Non-financial corporations | 968 | 209 | 204 | 13.786 | 6.383 | (7.402) | (2.789) | (18.020)
Households | 2.343 | 479 | 426 | 8.801 | 5.483 | (3.319) | (2.329) | (11.303)
TOTAL | 3.384 | 696 | 735 | 23.197 | 12.261 | (10.937) | (5.270) | (29.347)
Loans and advances by product, by collateral and by subordination |  |  |  |  |  |  |  |
On demand (call) and short notice (current account) | 79 | 15 | 29 | 562 | 249 | (313) |  |
Credit card debt | 377 | 88 | 124 | 643 | 114 | (529) |  |
Trade receivables | 51 | 15 | 13 | 424 | 87 | (337) |  |
Finance leases | 188 | 107 | 59 | 516 | 252 | (264) |  |
Reverse repurchase loans | - | - | 82 | 1 | - | (1) |  |
Other term loans | 2.685 | 469 | 407 | 20.765 | 11.429 | (9.336) |  |
Advances that are not loans | 5 | - | 21 | 14 | 2 | (12) |  |
of which: mortgage loans (Loans collateralized by immovable property) | 1.202 | 265 | 254 | 16.526 | 9.008 | (5.850) |  |
of which: other collateralized loans | 593 | 124 | 47 | 1.129 | 656 | (275) |  |
of which: credit for consumption | 1.186 | 227 | 269 | 1.622 | 455 | (1.168) |  |
of which: lending for house purchase | 883 | 194 | 105 | 6.094 | 4.546 | (1.548) |  |
of which: project finance loans | 138 | - | - | 253 | 105 | (147) |  |
(*) Figures originally reported in the year 2016 in accordance to the applicable regulation, without restatements.
Loans And Advances Impaired And Accumulated Impairment |
December 2018 (Millions of euros) |  |  |
| Non-performing loans and advances | Accumulated impairment | Non-performing loans and advances as a % of the total
General governments | 128 | (84) | 0,4%
Credit institutions | 10 | (12) | 0,1%
Other financial corporations | 11 | (22) | 0,1%
Non-financial corporations | 8.372 | (6.260) | 4,9%
Agriculture, forestry and fishing | 122 | (107) | 3,3%
Mining and quarrying | 96 | (70) | 1,9%
Manufacturing | 1.695 | (1.134) | 4,6%
Electricity, gas, steam and air conditioning supply | 585 | (446) | 4,2%
Water supply | 19 | (15) | 1,8%
Construction | 1.488 | (1.007) | 12,5%
Wholesale and retail trade | 1.624 | (1.259) | 6,3%
Transport and storage | 459 | (374) | 4,7%
Accommodation and food service activities | 315 | (204) | 4,0%
Information and communication | 113 | (72) | 2,1%
Financial and insurance activities | 147 | (128) | 2,1%
Real estate activities | 834 | (624) | 4,8%
Professional, scientific and technical activities | 204 | (171) | 4,0%
Administrative and support service activities | 128 | (125) | 4,0%
Public administration and defense, compulsory social security | 5 | (7) | 1,6%
Education | 31 | (31) | 3,4%
Human health services and social work activities | 63 | (63) | 1,4%
Arts, entertainment and recreation | 59 | (41) | 4,5%
Other services | 386 | (382) | 3,9%
Households | 7.838 | (5.833) | 4,4%
LOANS AND ADVANCES | 16.359 | (12.211) | 4,1%
December 2017 (Millions of euros)
| Non-performing loans and advances | Accumulated impairment or Accumulated changes in fair value due to credit risk | Non-performing loans and advances as a % of the total
General governments | 171 | (111) | 0,5%
Credit institutions | 11 | (36) | 0,3%
Other financial corporations | 12 | (26) | 0,1%
Non-financial corporations | 10.791 | (7.538) | 6,3%
Agriculture, forestry and fishing | 166 | (123) | 4,3%
Mining and quarrying | 177 | (123) | 3,7%
Manufacturing | 1.239 | (955) | 3,6%
Electricity, gas, steam and air conditioning supply | 213 | (289) | 1,8%
Water supply | 29 | (11) | 4,5%
Construction | 2.993 | (1.708) | 20,1%
Wholesale and retail trade | 1.706 | (1.230) | 5,9%
Transport and storage | 441 | (353) | 4,2%
Accommodation and food service activities | 362 | (222) | 4,3%
Information and communication | 984 | (256) | 17,0%
Real estate activities | 1.171 | (1.100) | 7,9%
Professional, scientific and technical activities | 252 | (183) | 3,8%
Administrative and support service activities | 188 | (130) | 6,3%
Public administration and defense, compulsory social security | 4 | (6) | 1,9%
Education | 31 | (25) | 3,4%
Human health services and social work activities | 75 | (68) | 1,7%
Arts, entertainment and recreation | 69 | (38) | 4,6%
Other services | 690 | (716) | 4,3%
Households | 8.417 | (5.073) | 4,7%
LOANS AND ADVANCES | 19.401 | (12.784) | 4,5%
December 2016 (Millions of euros)
| Non-performing | Accumulated impairment or Accumulated changes in fair value due to credit risk | Non-performing loans and advances as a % of the total
General governments | 295 | (52) | 0,8%
Credit institutions | 10 | (42) | 0,0%
Other financial corporations | 34 | (82) | 0,2%
Non-financial corporations | 13.786 | (10.192) | 7,4%
Agriculture, forestry and fishing | 221 | (188) | 5,1%
Mining and quarrying | 126 | (83) | 3,3%
Manufacturing | 1.569 | (1.201) | 4,5%
Electricity, gas, steam and air conditioning supply | 569 | (402) | 3,2%
Water supply | 29 | (10) | 3,5%
Construction | 5.358 | (3.162) | 26,3%
Wholesale and retail trade | 1.857 | (1.418) | 6,2%
Transport and storage | 442 | (501) | 4,5%
Accommodation and food service activities | 499 | (273) | 5,9%
Information and communication | 112 | (110) | 2,2%
Real estate activities | 1.441 | (1.074) | 8,7%
Professional, scientific and technical activities | 442 | (380) | 6,0%
Administrative and support service activities | 182 | (107) | 7,3%
Public administration and defense, compulsory social security | 18 | (25) | 3,0%
Education | 58 | (31) | 5,4%
Human health services and social work activities | 89 | (88) | 1,8%
Arts, entertainment and recreation | 84 | (51) | 5,1%
Other services | 691 | (1.088) | 4,2%
Households | 8.801 | (5.648) | 4,6%
LOANS AND ADVANCES | 22.925 | (16.016) | 5,0%
Changes In Impaired Financial Assets And Contingent Risks |
Changes in Impaired Financial Assets and Contingent Risks (Millions of euros)
| 2018 | 2017 | 2016
Balance at the beginning | 20.590 | 23.877 | 26.103
Additions | 9.792 | 10.856 | 11.133
Decreases (*) | (6.909) | (7.771) | (7.633)
Net additions | 2.883 | 3.085 | 3.500
Amounts written-off | (5.076) | (5.758) | (5.592)
Exchange differences and other | (1.264) | (615) | (134)
Balance at the end | 17.134 | 20.590 | 23.877
(*) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the year as a result of mortgage foreclosures and real estate assets received in lieu of payment as well as monetary recoveries (see Notes 19 and 20 to the Consolidated Financial Statement for additional information).
Changes In Impaired Financial Assets Written Off |
Changes in Impaired Financial Assets Written-Off from the Balance Sheet (Millions of Euros)
| Notes | 2018 | 2017 | 2016
Balance at the beginning |  | 30,139 | 29,347 | 26,143
Increase: |  | 6,164 | 5,986 | 5,699
Decrease: |  | (4,210) | (4,442) | (2,384)
Re-financing or restructuring |  | (10) | (9) | (32)
Cash recovery | 47 | (589) | (558) | (541)
Foreclosed assets |  | (625) | (149) | (210)
Sales of written-off |  | (1,805) | (2,284) | (45)
Debt forgiveness |  | (889) | (1,121) | (864)
Time-barred debt and other causes |  | (292) | (321) | (692)
Net exchange differences |  | 250 | (752) | (111)
Balance at the end |  | 32,343 | 30,139 | 29,347
Impairment Losses Valuation Adjustments |
Financial assets at amortized cost. December 2018 (Millions of Euros)
| Not credit-impaired | Credit-impaired | Total
| Stage 1 | Stage 2 | Credit-impaired (Stage 3) | Purchased/originated credit-impaired (Stage 3)
| Loss allowances | Loss allowances (collectively assessed) | Loss allowances (individually assessed) | Loss allowances | Loss allowances | Loss allowances
Opening balance (under IFRS 9) | (2.237) | (1.827) | (525) | (9.371) | - | (13.960)
Transfers from Stage 1 to Stage 2 (not credit-impaired) | 208 | (930) | (218) | - | - | (940)
Transfers from Stage 2 (not credit - impaired) to Stage 1 | (125) | 619 | 50 | - | - | 544
Transfers to Stage 3 | 55 | 282 | 564 | (2.127) | - | (1.226)
Transfers from Stage 3 to Stage 1 or 2 | (7) | (126) | (68) | 333 | - | 132
Changes without transfers between Stages | 358 | (53) | (260) | (3.775) | - | (3.730)
New financial assets originated | (1.072) | (375) | (244) | - | - | (1.692)
Disposals | 2 | 3 | - | 110 | - | 115
Repayments | 641 | 432 | 118 | 1.432 | - | 2.623
Write-offs | 13 | 14 | 2 | 4.433 | - | 4.461
Foreign exchange | (84) | 72 | (93) | 343 | - | 239
Modifications that result in derecognition | 5 | 10 | 25 | 98 | - | 138
Modifications that do not result in derecognition | 3 | (8) | 1 | (362) | - | (366)
Other | 135 | 133 | 20 | 1.111 | - | 1.399
Closing balance | (2.106) | (1.753) | (628) | (7.777) | - | (12.264)
Financial assets at fair value through other comprehensive income. December 2018 (Millions of Euros)
| Not credit-impaired | Credit-impaired | Total
| Stage 1 | Stage 2 | Credit-impaired (Stage 3) | Purchased/originated credit-impaired (Stage 3)
| Loss allowances | Loss allowances (collectively assessed) | Loss allowances (individually assessed) | Loss allowances | Loss allowances | Loss allowances
Opening balance (under IFRS 9) | (20) | (1) | - | (14) | - | (35)
Changes without transfers between Stages | (7) | - | - | 16 | - | 9
New financial assets originated | (3) | - | - | - | - | (3)
Repayments | 5 | - | - | - | - | 5
Foreign exchange | 2 | - | - | - | - | 2
Modifications that do not result in derecognition | - | - | - | (11) | - | (11)
Other | (5) | 1 | - | 8 | - | 4
Closing balance | (28) | - | - | - | - | (28)
Loan commitments and financial guarantees. December 2018 (Millions of Euros)
| Not credit-impaired | Credit-impaired | Total
| Stage 1 | Stage 2 | Credit-impaired (Stage 3) | Purchased/originated credit-impaired (Stage 3)
| Loss allowances | Loss allowances (collectively assessed) | Loss allowances (individually assessed) | Loss allowances | Loss allowances | Loss allowances
Opening balance (under IFRS 9) | (200) | (135) | (84) | (285) | - | (704)
Transfers from Stage 1 to Stage 2 (not credit-impaired) | 14 | (84) | (11) | - | - | (81)
Transfers from Stage 2 (not credit - impaired) to Stage 1 | (8) | 65 | 1 | - | - | 58
Transfers to Stage 3 | 1 | 4 | 16 | (48) | - | (27)
Transfers from Stage 3 to Stage 1 or 2 | (3) | (3) | - | 20 | - | 14
Changes without transfers between Stages | 14 | 12 | 6 | 35 | - | 67
New financial assets originated | (102) | (32) | (20) | - | - | (154)
Disposals | - | - | - | 1 | - | 1
Repayments | 47 | 58 | 24 | 73 | - | 202
Foreign exchange | 11 | 1 | (2) | 6 | - | 16
Modifications that do not result in derecognition | - | - | - | (32) | - | (32)
Other | (6) | (13) | 10 | 13 | - | 4
Closing balance | (232) | (127) | (60) | (217) | - | (636)
December 2017 (Millions of euros) (*)
| Opening balance | Increases due to amounts set aside for estimated loan losses during the period | Decreases due to amounts reversed for estimated loan losses during the period | Decreases due to amounts taken against allowances | Transfers between allowances | Other adjustments | Closing balance | Recoveries recorded directly to the statement of profit or loss
Equity instruments |  |  |  |  |  |  |  |
Specific allowances for financial assets, individually and collectively estimated | (10.937) | (7.484) | 2.878 | 4.503 | 1.810 | 526 | (8.703) | 558
Debt securities | (144) | (26) | 6 | - | 123 | 13 | (28) | -
Credit institutions | (15) | (5) | 4 | - | 16 | - | - | -
Other financial corporations | (26) | (4) | 2 | - | - | 13 | (16) | -
Non-financial corporations | (103) | (17) | - | - | 107 | - | (12) | -
Loans and advances | (10.793) | (7.458) | 2.872 | 4.503 | 1.687 | 513 | (8.675) | 558
General governments | (39) | (70) | 37 | 14 | 1 | 15 | (42) | 1
Credit institutions | (7) | (2) | 2 | - | - | 1 | (6) | -
Other financial corporations | (25) | (287) | 3 | 38 | 227 | 38 | (7) | -
Non-financial corporations | (7.402) | (3.627) | 1.993 | 3.029 | (228) | 636 | (5.599) | 345
Households | (3.319) | (3.472) | 837 | 1.422 | 1.687 | (177) | (3.022) | 212
Collective allowances for incurred but not reported losses on financial assets | (5.270) | (1.783) | 2.159 | 1.537 | (1.328) | 557 | (4.130) | -
Debt securities | (46) | (8) | 30 | 1 | - | 3 | (21) | -
Loans and advances | (5.224) | (1.776) | 2.128 | 1.536 | (1.328) | 554 | (4.109) | -
Total | (16.206) | (9.267) | 5.037 | 6.038 | 482 | 1.083 | (12.833) | 558
(*) Figures originally report ed in the year 2017 in accordance to the applicable regulation, without restatements.
December 2016 (Millions of euros)
| Opening balance | Increases due to amounts set aside for estimated loan losses during the period | Decreases due to amounts reversed for estimated loan losses during the period | Decreases due to amounts taken against allowances | Transfers between allowances | Other adjustments | Closing balance | Recoveries recorded directly to the statement of profit or loss
Equity instruments |  |  |  |  |  |  |  |
Specific allowances for financial assets, individually and collectively estimated | (12.866) | (6.912) | 2.708 | 5.673 | (123) | 583 | (10.937) | 540
Debt securities | (35) | (167) | 6 | 64 | (10) | (2) | (144) | -
Credit institutions | (20) | - | - | 5 | - | - | (15) | -
Other financial corporations | (15) | (29) | 3 | 26 | (10) | (1) | (26) | -
Non-financial corporations | - | (138) | 3 | 33 | - | (1) | (103) | -
Loans and advances | (12.831) | (6.745) | 2.702 | 5.610 | (113) | 585 | (10.793) | 540
General governments | (37) | (2) | 20 | 6 | (27) | 2 | (39) | 1
Credit institutions | (17) | (2) | 3 | - | 10 | (3) | (7) | -
Other financial corporations | (38) | (34) | 9 | 22 | 10 | 6 | (25) | -
Non-financial corporations | (9.225) | (3.705) | 2.158 | 3.257 | (278) | 391 | (7.402) | 335
Households | (3.514) | (3.002) | 511 | 2.325 | 172 | 189 | (3.319) | 205
Collective allowances for incurred but not reported losses on financial assets | (6.024) | (1.558) | 1.463 | 88 | 775 | (15) | (5.270) | 1
Debt securities | (113) | (11) | 15 | 1 | 64 | - | (46) | -
Loans and advances | (5.911) | (1.546) | 1.449 | 87 | 711 | (15) | (5.224) | -
Total | (18.890) | (8.470) | 4.172 | 5.762 | 652 | 568 | (16.206) | 541
(*) Figures originally reported in the year 2016 in accordance to the applicable regulation, without restatements.
Headings Of Balance Sheet Under Market Risk |
Headings of the balance sheet under market risk (Millions of euros)
| December 2018 | December 2017 | December 2016
| Main market risk metrics - VaR | Main market risk metrics - Others (*) | Main market risk metrics - VaR | Main market risk metrics - Others (*) | Main market risk metrics - VaR | Main market risk metrics - Others (*)
Assets subject to market risk |  |  |  |  |  |
Financial assets held for trading | 57.486 | 28.459 | 59.008 | 441 | 64.623 | 1.480
Financial assets at fair value through other comprehensive income | 5.652 | 19.125 | 5.661 | 24.083 | 7.119 | 28.771
Of which: Equity instruments | - | 2.046 | - | 2.404 | - | 3.559
Derivatives - Hedging accounting | 688 | 1.061 | 829 | 1.397 | 1.041 | 1.415
Liabilities subject to market risk |  |  |  |  |  |
Financial liabilities held for trading | 38.844 | 40.026 | 42.468 | 2.526 | 47.491 | 2.223
Derivatives - Hedging accounting | 550 | 910 | 1.157 | 638 | 1.305 | 689
(*) Includes mainly assets and liabilities managed by ALCO.
VAR By Risk Factor |
VaR by Risk Factor (Millions of euros)
| Interest/Spread Risk | Currency Risk | Stock-market Risk | Vega/Correlation Risk | Diversification Effect(*) | Total
December 2018 |  |  |  |  |  |
VaR average in the year | 20 | 6 | 4 | 9 | (20) | 21
VaR max in the year | 23 | 7 | 6 | 11 | (21) | 26
VaR min in the year | 17 | 6 | 4 | 7 | (18) | 16
End of period VaR | 19 | 5 | 3 | 7 | (17) | 17
December 2017 |  |  |  |  |  |
VaR average in the year | 25 | 10 | 3 | 13 | (23) | 27
VaR max in the year | 27 | 11 | 2 | 12 | (19) | 34
VaR min in the year | 23 | 7 | 4 | 14 | (26) | 22
End of period VaR | 23 | 7 | 4 | 14 | (26) | 22
December 2016 |  |  |  |  |  |
VaR average in the year | 28 | 10 | 4 | 11 | (23) | 29
VaR max in the year | 30 | 16 | 4 | 11 | (23) | 38
VaR min in the year | 21 | 10 | 1 | 11 | (20) | 23
End of period VaR | 29 | 7 | 2 | 12 | (24) | 26
(*) The diversification effect is the difference between the sum of the average individual risk factors and the total VaR figure that includes the implied correlation between all the variables and scenarios used in the measurement.
Expected Shortfall |
Millions of Euros
| Europe | Mexico | Peru | Venezuela | Argentina | Colombia | Turkey | Compass
Expected Shortfall | (99) | (33) | (11) | - | (5) | (6) | (6) | (1)
Sensitivity Analysis To Interest Rate |
Sensitivity to Interest-Rate Analysis - December 2018
| Impact on Net Interest Income (*) | Impact on Economic Value (**)
| 100 Basis-Point Increase | 100 Basis-Point Decrease | 100 Basis-Point Increase | 100 Basis-Point Decrease
Europe (***) | + (5% - 10%) | - (5% - 10%) | + (0% - 5%) | - (0% - 5%)
Mexico | + (0% - 5%) | - (0% - 5%) | + (0% - 5%) | - (0% - 5%)
USA | + (5% - 10%) | - (5% - 10%) | - (5% - 10%) | + (0% - 5%)
Turkey | + (0% - 5%) | - (0% - 5%) | - (0% - 5%) | + (0% - 5%)
South America | + (0% - 5%) | - (0% - 5%) | - (0% - 5%) | + (0% - 5%)
BBVA Group | + (0% - 5%) | - (0% - 5%) | - (0% - 5%) | - (0% - 5%)
(*) Percentage of "1 year" net interest income forecast for each unit. (**) Percentage of Core Capital for each unit. (***) In Europe downward movement includi ng rates below the current ones.
Effect Of Compensation |
December 2018 (Millions of euros)
|  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets (D) |
| Notes | Gross Amounts Recognized (A) | Gross Amounts Offset in the Consolidated Balance Sheets (B) | Net Amount Presented in the Consolidated Balance Sheets (C=A-B) | Financial Instruments | Cash Collateral Received/ Pledged | Net Amount (E=C-D)
Trading and hedging derivatives | 10, 15 | 49,908 | 16,480 | 33,428 | 25,024 | 7,790 | 613
Reverse repurchase, securities borrowing and similar agreements |  | 28,074 | 42 | 28,032 | 28,022 | 169 | (159)
Total Assets |  | 77,982 | 16,522 | 61,460 | 53,046 | 7,959 | 454
Trading and hedging derivatives | 10, 15 | 51,596 | 17,101 | 34,494 | 25,024 | 6,788 | 2,682
Repurchase, securities lending and similar agreements |  | 43,035 | 42 | 42,993 | 42,877 | 34 | 82
Total liabilities |  | 94,631 | 17,143 | 77,487 | 67,901 | 6,822 | 2,765
December 2017 (Millions of euros)
|  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets (D) |
| Notes | Gross Amounts Recognized (A) | Gross Amounts Offset in the Consolidated Balance Sheets (B) | Net Amount Presented in the Consolidated Balance Sheets (C=A-B) | Financial Instruments | Cash Collateral Received/ Pledged | Net Amount (E=C-D)
Trading and hedging derivatives | 10, 15 | 49,333 | 11,584 | 37,749 | 27,106 | 7,442 | 3,202
Reverse repurchase, securities borrowing and similar agreements |  | 26,426 | 56 | 26,369 | 26,612 | 141 | (384)
Total Assets |  | 75,759 | 11,641 | 64,118 | 53,717 | 7,583 | 2,818
Trading and hedging derivatives | 10, 15 | 50,693 | 11,644 | 39,049 | 27,106 | 8,328 | 3,615
Repurchase, securities lending and similar agreements |  | 40,134 | 56 | 40,078 | 40,158 | 21 | (101)
Total liabilities |  | 90,827 | 11,701 | 79,126 | 67,264 | 8,349 | 3,514
December 2016 (Millions of euros)
|  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets (D) |
| Notes | Gross Amounts Recognized (A) | Gross Amounts Offset in the Consolidated Balance Sheets (B) | Net Amount Presented in the Consolidated Balance Sheets (C=A-B) | Financial Instruments | Cash Collateral Received/ Pledged | Net Amount (E=C-D)
Trading and hedging derivatives | 10, 15 | 59,374 | 13,587 | 45,788 | 32,146 | 6,571 | 7,070
Reverse repurchase, securities borrowing and similar agreements |  | 25,833 | 2,912 | 22,921 | 23,080 | 174 | (333)
Total Assets |  | 85,208 | 16,499 | 68,709 | 55,226 | 6,745 | 6,738
Trading and hedging derivatives | 10, 15 | 59,545 | 14,080 | 45,465 | 32,146 | 7,272 | 6,047
Repurchase, securities lending and similar agreements |  | 49,474 | 2,912 | 46,562 | 47,915 | 176 | (1,529)
Total liabilities |  | 109,019 | 16,991 | 92,027 | 80,061 | 7,448 | 4,518
LtSCD By LMU |
LCR main LMU
| December 2018 | December 2017
Group | 127% | 128%
Eurozone | 145% | 151%
Bancomer | 154% | 148%
Compass(*) | 143% | 144%
Garanti | 209% | 134%
(*) Compass LCR calculated according to local regulation (Fed Modified LCR).
LtSCD by LMU
| December 2018 | December 2017 | December 2016
Group (average) | 106% | 110% | 113%
Eurozone | 101% | 108% | 113%
Bancomer | 114% | 109% | 113%
Compass | 119% | 109% | 108%
Garanti | 110% | 122% | 124%
Other LMUs | 99% | 108% | 107%
Liquidity Available by Instrument and Subsidiaries |
December 2018 (Millions of euros)
| BBVA Eurozone | BBVA Bancomer | BBVA Compass | Garanti Bank | Other
Cash and withdrawable central bank reserves | 26.506 | 7.666 | 1.667 | 7.633 | 6.677
Level 1 tradable assets | 29.938 | 4.995 | 10.490 | 6.502 | 3.652
Level 2A tradable assets | 449 | 409 | 510 | - | -
Level 2B tradable assets | 4.040 | 33 | - | - | -
Other tradable assets | 5.661 | 1.372 | 1.043 | 499 | 617
Non tradable assets eligible for central banks | - | - | 2.314 | - | -
Cumulated Counterbalancing Capacity | 66.594 | 14.475 | 16.024 | 14.634 | 10.946
December 2017 (Millions of euros)
| BBVA Eurozone (1) | BBVA Bancomer | BBVA Compass | Garanti Bank | Other
Cash and withdrawable central bank reserves | 15.634 | 8.649 | 2.150 | 6.692 | 6.083
Level 1 tradable assets | 38.954 | 3.805 | 9.028 | 5.705 | 6.141
Level 2A tradable assets | 386 | 418 | 753 | - | 10
Level 2B tradable assets | 4.995 | 69 | - | - | 21
Other tradable assets | 6.734 | 1.703 | 1.252 | 962 | 1.573
Non tradable assets eligible for central banks | - | - | 2.800 | - | -
Cumulated Counterbalancing Capacity | 66.703 | 14.644 | 15.983 | 13.359 | 13.828
(1) Includes Spain, Portugal and Rest of Eurasia.
Matrix Of Residual Maturities |
December 2018. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash, cash balances at central banks and other demand deposits | 9,550 | 40,599 | - | - | - | - | - | - | - | - | 50,149
Deposits in credit entities | 801 | 3,211 | 216 | 141 | 83 | 152 | 133 | 178 | 27 | 1,269 | 6,211
Deposits in other financial institutions | 1 | 1,408 | 750 | 664 | 647 | 375 | 1,724 | 896 | 1,286 | 2,764 | 10,515
Reverse repo, securities borrowing and margin lending | - | 21,266 | 1,655 | 1,158 | 805 | 498 | 205 | 1,352 | 390 | 210 | 27,539
Loans and Advances | 132 | 19,825 | 25,939 | 23,265 | 15,347 | 16,433 | 42,100 | 32,336 | 53,386 | 120,571 | 349,334
Securities' portfolio settlement | - | 1,875 | 4,379 | 5,990 | 2,148 | 6,823 | 8,592 | 12,423 | 11,533 | 42,738 | 96,501
December 2018. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Wholesale funding | 1 | 2,678 | 1,652 | 2,160 | 2,425 | 2,736 | 7,225 | 8,578 | 16,040 | 26,363 | 69,858
Deposits in financial institutions | 7,107 | 5,599 | 751 | 1,992 | 377 | 1,240 | 1,149 | 229 | 196 | 904 | 19,544
Deposits in other financial institutions and international agencies | 10,680 | 4,327 | 1,580 | 458 | 302 | 309 | 781 | 304 | 825 | 1,692 | 21,258
Customer deposits | 252,630 | 44,866 | 18,514 | 10,625 | 6,217 | 7,345 | 5,667 | 2,137 | 1,207 | 1,310 | 350,518
Security pledge funding | 40 | 46,489 | 2,219 | 2,274 | 114 | 97 | 22,911 | 526 | 218 | 1,627 | 76,515
Derivatives, net | - | (75) | (523) | (68) | (5) | (117) | 498 | (91) | (67) | (392) | (840)
December 2017. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash, cash balances at central banks and other demand deposits | 8,179 | 31,029 | - | - | - | - | - | - | - | - | 39,208
Deposits in credit entities | 252 | 4,391 | 181 | 169 | 120 | 122 | 116 | 112 | 157 | 1,868 | 7,488
Deposits in other financial institutions | 1 | 939 | 758 | 796 | 628 | 447 | 1,029 | 681 | 806 | 1,975 | 8,060
Reverse repo, securities borrowing and margin lending | 18,979 | 2,689 | 1,921 | 541 | 426 | 815 | 30 | 727 | 226 | - | 26,354
Loans and Advances | 267 | 21,203 | 26,323 | 23,606 | 15,380 | 17,516 | 43,973 | 35,383 | 50,809 | 123,568 | 358,028
Securities' portfolio settlement | 1 | 1,579 | 4,159 | 4,423 | 2,380 | 13,391 | 5,789 | 11,289 | 12,070 | 44,666 | 99,747
December 2017. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Wholesale funding | - | 3,648 | 4,209 | 4,238 | 1,227 | 2,456 | 5,772 | 6,432 | 18,391 | 30,162 | 76,535
Deposits in financial institutions | 6,831 | 5,863 | 1,082 | 2,335 | 392 | 1,714 | 930 | 765 | 171 | 1,429 | 21,512
Deposits in other financial institutions and international agencies | 10,700 | 4,827 | 3,290 | 1,959 | 554 | 1,328 | 963 | 286 | 355 | 1,045 | 25,307
Customer deposits | 233,068 | 45,171 | 18,616 | 11,428 | 8,711 | 10,368 | 7,607 | 2,612 | 1,833 | 2,034 | 341,448
Security pledge funding | - | 35,502 | 2,284 | 1,405 | 396 | 973 | 64 | 23,009 | 338 | 1,697 | 65,668
Derivatives, net | - | (18) | (110) | (116) | (135) | (117) | (336) | (91) | (106) | (419) | (1,448)
December 2016. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash, cash balances at central banks and other demand deposits | 23,191 | 13,825 | - | - | - | - | - | - | - | - | 37,016
Deposits in credit entities | 991 | 4,068 | 254 | 155 | 48 | 72 | 117 | 87 | 122 | 4,087 | 10,002
Deposits in other financial institutions | 1 | 1,192 | 967 | 675 | 714 | 532 | 1,330 | 918 | 942 | 336 | 7,608
Reverse repo, securities borrowing and margin lending | - | 20,232 | 544 | 523 | - | 428 | 500 | 286 | 124 | 189 | 22,826
Loans and Advances | 591 | 20,272 | 25,990 | 22,318 | 16,212 | 15,613 | 44,956 | 35,093 | 55,561 | 133,589 | 370,195
Securities' portfolio settlement | - | 708 | 3,566 | 3,688 | 2,301 | 4,312 | 19,320 | 10,010 | 16,662 | 51,472 | 112,039
December 2016. Contractual Maturities (Millions of euros)
| Demand | Up to 1 Month | 1 to 3 Months | 3 to 6 Months | 6 to 9 Months | 9 to 12 Months | 1 to 2 Years | 2 to 3 Years | 3 to 5 Years | Over 5 Years | Total
LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Wholesale funding | 419 | 7,380 | 2,943 | 5,547 | 3,463 | 5,967 | 7,825 | 5,963 | 14,016 | 31,875 | 85,397
Deposits in financial institutions | 6,762 | 5,365 | 1,181 | 2,104 | 800 | 2,176 | 746 | 1,156 | 859 | 3,714 | 24,862
Deposits in other financial institutions and international agencies | 15,375 | 6,542 | 8,624 | 3,382 | 2,566 | 1,897 | 1,340 | 686 | 875 | 2,825 | 44,114
Customer deposits | 206,140 | 49,053 | 25,522 | 15,736 | 11,863 | 11,343 | 8,619 | 5,060 | 781 | 936 | 335,052
Security pledge funding | - | 38,153 | 3,561 | 1,403 | 1,004 | 912 | 1,281 | 640 | 23,959 | 1,712 | 72,626
Derivatives, net | - | (2,123) | (95) | (190) | (111) | (326) | (132) | (82) | (105) | (47) | (3,210)
Table of Encumbered Assets |
December 2018 (Millions of euros)
| Encumbered assets | Non-Encumbered assets
| Book value of Encumbered assets | Market value of Encumbered assets | Book value of non-encumbered assets | Market value of non-encumbered assets
Assets |  |  |  |
Equity instruments | 1,864 | 1,864 | 6,485 | 6,485
Debt Securities | 31,157 | 32,216 | 82,209 | 82,209
Loans and Advances and other assets | 74,928 |  | 478,880 |
December 2017 (Millions of euros)
| Encumbered assets | Non-Encumbered assets
| Book value of Encumbered assets | Market value of Encumbered assets | Book value of non-encumbered assets | Market value of non-encumbered assets
Assets |  |  |  |
Equity instruments | 2,297 | 2,297 | 9,616 | 9,616
Debt Securities | 28,700 | 29,798 | 84,391 | 84,391
Loans and Advances and other assets | 79,604 |  | 485,451 |
December 2016 (Millions of euros)
| Encumbered assets | Non-Encumbered assets
| Book value of Encumbered assets | Market value of Encumbered assets | Book value of non-encumbered assets | Market value of non-encumbered assets
Assets |  |  |  |
Equity instruments | 2,214 | 2,214 | 9,022 | 9,022
Debt Securities | 40,114 | 39,972 | 90,679 | 90,679
Loans and Advances and other assets | 94,718 |  | 495,109 |
Collateral Received |
December 2018. Collateral received (Millions of euros)
| Fair value of encumbered collateral received or own debt securities issued | Fair value of collateral received or own debt securities issued available for encumbrance | Nominal amount of collateral received or own debt securities issued not available for encumbrance
Collateral received | 27,474 | 5,633 | 319
Equity instruments | 89 | 82 | -
Debt securities | 27,385 | 5,542 | 300
Loans and Advances and other assets | - | 8 | 19
Own debt securities issued other than own covered bonds or ABSs | 78 | 87 | -
December 2017. Collateral received (Millions of euros)
| Fair value of encumbered collateral received or own debt securities issued | Fair value of collateral received or own debt securities issued available for encumbrance | Nominal amount of collateral received or own debt securities issued not available for encumbrance
Collateral received | 23,881 | 9,630 | 201
Equity instruments | 103 | 5 | -
Debt securities | 23,715 | 9,619 | 121
Loans and Advances and other assets | 63 | 6 | 80
Own debt securities issued other than own covered bonds or ABSs | 3 | 161 | -
December 2016. Collateral received (Millions of euros)
| Fair value of encumbered collateral received or own debt securities issued | Fair value of collateral received or own debt securities issued available for encumbrance | Nominal amount of collateral received or own debt securities issued not available for encumbrance
Collateral received | 19,921 | 10,039 | 173
Equity instruments | 58 | 59 | -
Debt securities | 19,863 | 8,230 | 28
Loans and Advances and other assets | - | 1,750 | 144
Own debt securities issued other than own covered bonds or ABSs | 5 | - | -
Sources Of Encumbrance |
December 2018. Sources of encumbrance (Millions of euros)
| Matching liabilities, contingent liabilities or securities lent | Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered
Book value of financial liabilities | 113,498 | 131,172
Derivatives | 8,972 | 11,036
Loans and Advances | 85,989 | 97,361
Outstanding subordinated debt | 18,538 | 22,775
Other sources | 3,972 | 4,330
December 2017. Sources of encumbrance (Millions of euros)
| Matching liabilities, contingent liabilities or securities lent | Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered
Book value of financial liabilities | 118,704 | 133,312
Derivatives | 11,843 | 11,103
Loans and Advances | 87,484 | 98,478
Outstanding subordinated debt | 19,377 | 23,732
Other sources | 305 | 1,028
December 2016. Sources of encumbrance (Millions of euros)
| Matching liabilities, contingent liabilities or securities lent | Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered
Book value of financial liabilities | 134,387 | 153,632
Derivatives | 9,304 | 9,794
Loans and Advances | 96,137 | 108,268
Outstanding subordinated debt | 28,946 | 35,569
Other sources | - | 2,594

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Period Type: | duration

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- Definition Table which displays the liquidity available by instrument and subsidiaries + References No definition available. + Details
Name: | bbva_Liquidityavailablebyinstrumentandsubsidiaries
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the loans and advances, breakdown by counterparty + References No definition available. + Details
Name: | bbva_Loansandadvancesbreakdownbycounterparty
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the loans and advances impaired and accumulated imparment by sectors + References No definition available. + Details
Name: | bbva_Loansandadvancesimpairedandaccumulatedimpairmetnt
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the liquidity risk, throught the LCR ratio + References No definition available. + Details
Name: | bbva_Ltsscdbylmu
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the Matrix Of Residual Maturities + References No definition available. + Details
Name: | bbva_Matrixofresidualmaturities
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the past due but not impaired and impaired secured loans risk, by counterpart and by product + References No definition available. + Details
Name: | bbva_Pastduebutnotimpaired
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the Probability of Default + References No definition available. + Details
Name: | bbva_Probabilityofdefault
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Table which displays the Sensitivity Analysis To Interest Rate + References No definition available. + Details
Name: | bbva_Sensitivityanalysistointerestrate
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the Sources Of Encumbrance + References No definition available. + Details
Name: | bbva_Sourcesofencumbrance
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the Encumbered Assets + References No definition available. + Details
Name: | bbva_Tableofencumberedassets
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Table which displays the VAR By Risk Factor + References No definition available. + Details
Name: | bbva_Varbyriskfactor
Namespace Prefix: | bbva_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 35M -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_35M&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExposureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration