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Note 53 - Related-Party Transactions | 12 Months Ended
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Dec. 31, 2018
Related Party Transactions Abstract |
Disclosure of Related Party Transactions | 53. Related-party transactions As financial institutions, BBVA and other entities in the Group engage in transactions with related parties in the normal course of their business. All of these transactions are not material and are carried out under normal market conditions. As of December 31, 2018, 2017 and 2016, the following are the transactions with related parties: 53.1 Transactions with significant shareholders As of December 31, 2018, 2017 and 2016, there were no shareholders considered significant (see Note 26). 53.2 Transactions with BBVA Group entities The balances of the main aggregates in the accompanying consolidated balance sheets arising from the transactions carried out by the BBVA Group with associates and joint venture entities accounted for using the equity method are as follows:
Balances arising from transactions with Entities of the Group (Millions of euros)
| 2018 | 2017 | 2016
Assets: |  |  |
Loans and advances to credit institutions | 132 | 91 | 69
Loans and advances to customers | 1.866 | 510 | 442
Liabilities: |  |  |
Deposits from credit institutions | 2 | 5 | 1
Customer deposits | 521 | 428 | 533
Financial guarantees given | 78 | 78 | 42
Contingent commitments | 1.358 | 114 | 121
Other | 152 | 1.175 | 1.466
T he balances of the main aggregates in the accompanying consolidated income statements resulting from transactions with associates and joint venture entities that are accounted for under the equity meth od are as follows:
Balances of Income Statement arising from transactions with Entities of the Group (Millions of euros)
| 2018 | 2017 | 2016
Income statement: |  |  |
Financial incomes | 55 | 26 | 26
Financial costs | 2 | 1 | 1
Fee and Commission Income | 5 | 5 | 5
Fee and Commission Expenses | 48 | 49 | 58
There were no other material effects in the consolidated financial statements arising from dealings with these entities, other than the effects from using the equity method (see Note 2.1) and from the insurance policies to cover pension or similar (see Note 25) commitments and the futures transactions arranged by BBVA Group with these entities, associates and joint ventures. In addition, as part of its normal activity, the BBVA Group has entered into agreements a nd commitments of various types with shareholders of subsidiaries and associates, which have no material effec ts on the accompanying consolida ted financial statements. 53.3 Transactions with members of the Board of Directors and Senior Management The information on the remuneration of the members of the BBVA Board of Directors and Senior Management is included in Note 54. As of December 31, 2018, the amount availed against the loans granted by the Group’s entities to the members of the Board of Directors amounted to €611 thousand. As of December 31, 2017 and 2016, there were no loans granted by the Group’s entities to the members of the Board of Directors. The amount availed against the loans granted by the Group’s entities to the members of Senior Management on those same dates (excluding the executive directors) amounted to €3,783, €4,049 and €5,573 thousand, respectively. As of December 31, 2018, 2017 and 2016, there were no loans granted to parties related to the members of the Board of Directors. As of December 31, 2018, 2017 and 2016 the amount availed against the loans granted to parties related to members of the Senior Mana gement amounted to €69, €85 and €98 thousand, respectively. As of December 31, 2018, 2017 and 2016 no guarantees had been granted to any member of the Board of Directors. As of December 31, 2018, 2017 and 2016, the amount availed against guarantees arrange d with members of the Senior Management amounted to €38, €28 and €28 thousand, respectively. As of December 31, 2018, no commercial loans and guarantees has been granted to parties related to the members of the Bank’s Board of Directors and the Senior Mana gement. As of December 31, 2017 and 2016 the amount availed against commercial loans and guarantees arranged with parties related to the members of the Bank’s Board of Directors and the Senior Management totaled €8 thousand. 53.4 Transactions with other r elated parties As of December 31, 2018, 2017 and 2016, the Group did not conduct any transactions with other related parties that are not in the ordinary course of its business, which were not carried out at arm's-length market conditions and of marginal relevance; whose information is not necessary to give a true picture of the BBVA Group’s consolidated net equity, net earnings and financial situation.

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