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Note 23 - Provisions | 6 Months Ended
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Jun. 30, 2019
Provisions or reversal of provisions Abstract |
Disclosure of Provisions | 23. Provisions The breakdown of the balance under this heading in the accompanying consolidated balance sheets, based on type of provisions, is as follows:
Provisions. Breakdown by concepts (Millions of Euros)
|  | June 2019 | December 2018
Provisions for pensions and similar obligations |  | 4.745 | 4.787
Other long term employee benefits |  | 58 | 62
Provisions for taxes and other legal contingencies |  | 689 | 686
Provisions for contingent risks and commitments |  | 639 | 636
Other provisions (*) |  | 500 | 601
Total |  | 6.631 | 6.772
(*) Individually insignificant provisions or contingencies, for various concepts in different geographies. Ongoing legal proceedings and litigation The financial sector faces an environment of increasing regulatory and litigious pressure. In this environment, the different Group’s entities are often parties to individual or collective legal proceedings arising from the ordinary activity of their businesses. In accordance with the procedural status of these proceedings and according to the criteria of the attorneys who manage them, BBVA considers that none of them is material, individually or in aggregate, and that no significant impact derives from them neither in the results of operations nor on liquidity, nor in the financial position at a consolidated level of the Group, as at the level of the standalone Bank. The Group Man agement considers that the provisions made in connection with these legal proceedings are adequate. In addition, as mentioned in Note 6.1 “Risk factors”, the Group is subject or may be subject in the future to a series of legal and regulatory procedures an d actions which, in case of a negative result, could have an adverse impact on the Group’s businesses, financial position and results of operations.

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