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Note 7 - Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2019
Risk Management Abstract |
Principal Geographical Areas GDP |
GDP for the main geographies
| Spain | Mexico | Turkey | The United States
Date | GDP negative scenario | GDP base scenario | GDP positive scenario | GDP negative scenario | GDP base scenario | GDP positive scenario | GDP negative scenario | GDP base scenario | GDP positive scenario | GDP negative scenario | GDP base scenario | GDP positive scenario
2019 | 0.96% | 1.54% | 2.15% | -0.58% | 0.23% | 1.06% | -0.60% | 3.32% | 7.06% | 1.16% | 2.12% | 3.13%
2020 | 1.35% | 1.87% | 2.42% | 0.93% | 1.66% | 2.39% | -0.68% | 2.48% | 5.27% | 1.00% | 1.81% | 2.62%
2021 | 2.01% | 2.10% | 2.19% | 2.05% | 2.14% | 2.23% | 4.60% | 4.74% | 4.91% | 1.84% | 1.92% | 2.03%
2022 | 1.85% | 1.89% | 1.88% | 2.07% | 2.14% | 2.19% | 4.28% | 4.38% | 4.47% | 1.83% | 1.86% | 1.91%
2023 | 1.81% | 1.85% | 1.85% | 2.11% | 2.15% | 2.17% | 4.31% | 4.38% | 4.50% | 1.88% | 1.91% | 1.94%
| Peru | Argentina | Colombia
Date | GDP negative scenario | GDP base scenario | GDP positive scenario | GDP negative scenario | GDP base scenario | GDP positive scenario | GDP negative scenario | GDP base scenario | GDP positive scenario
2019 | 0.34% | 2.92% | 5.43% | -7.41% | -2.47% | 2.40% | 1.93% | 3.29% | 4.58%
2020 | 0.32% | 2.46% | 4.56% | -6.62% | -2.57% | 0.85% | 1.71% | 2.73% | 3.74%
2021 | 3.07% | 3.28% | 3.49% | 2.08% | 2.30% | 2.51% | 3.61% | 3.61% | 3.61%
2022 | 3.39% | 3.39% | 3.39% | 1.64% | 1.78% | 1.88% | 3.59% | 3.59% | 3.59%
2023 | 3.86% | 3.86% | 3.86% | 1.95% | 2.10% | 2.23% | 3.59% | 3.59% | 3.59%
Credit Risk Exposure |
Maximum credit risk exposure (Millions of Euros)
| Notes | December 2019 | Stage 1 | Stage 2 | Stage 3
Financial assets held for trading |  | 69,503 |  |  |
Debt securities | 10 | 26,309 |  |  |
Equity instruments | 10 | 8,892 |  |  |
Loans and advances | 10 | 34,303 |  |  |
Non-trading financial assets mandatorily at fair value through profit or loss |  | 5,557 |  |  |
Loans and advances | 11 | 1,120 |  |  |
Debt securities | 11 | 110 |  |  |
Equity instruments | 11 | 4,327 |  |  |
Financial assets designated at fair value through profit or loss | 12 | 1,214 |  |  |
Derivatives (trading and hedging) |  | 39,462 |  |  |
Financial assets at fair value through other comprehensive income |  | 61,293 |  |  |
Debt securities | 13 | 58,841 | 58,590 | 250 | -
Equity instruments | 13 | 2,420 |  |  |
Loans and advances to credit institutions | 13 | 33 | 33 | - | -
Financial assets at amortized cost |  | 451,640 | 402,024 | 33,624 | 15,993
Loans and advances to central banks |  | 4,285 | 4,285 | - | -
Loans and advances to credit institutions |  | 13,664 | 13,500 | 158 | 6
Loans and advances to customers |  | 394,763 | 345,449 | 33,360 | 15,954
Debt securities |  | 38,930 | 38,790 | 106 | 33
Total financial assets risk |  | 628,670 |  |  |
Total loan commitments and financial guarantees | 33 | 181,116 | 169,663 | 10,452 | 1,001
Total maximum credit exposure |  | 809,786 |  |  |
Maximum credit risk exposure (Millions of Euros)
| Notes | December 2018 | Stage 1 | Stage 2 | Stage 3
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 |  |  |
Financial assets at fair value through other comprehensive income |  | 56,365 |  |  |
Debt securities | 13 | 53,737 | 53,734 | 3 | -
Equity instruments | 13 | 2,595 |  |  |
Loans and advances to credit institutions | 13 | 33 | 33 | - | -
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 |  | 592,571 |  |  |
Total loan commitments and financial guarantees | 33 | 170,511 | 161,404 | 8,120 | 987
Total maximum credit exposure |  | 763,082 |  |  |
Credit Risk Exposure By Stages and geographic location |
December 2019
| Gross exposure | Accumulated allowances | Carrying amount
| Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3
Spain (*) | 197,058 | 173,843 | 14,599 | 8,616 | (5,311) | (712) | (661) | (3,939) | 191,747 | 173,131 | 13,939 | 4,677
The United States | 57,387 | 49,744 | 7,011 | 632 | (688) | (165) | (342) | (182) | 56,699 | 49,580 | 6,670 | 450
Mexico | 60,099 | 54,748 | 3,873 | 1,478 | (2,013) | (697) | (404) | (912) | 58,087 | 54,052 | 3,469 | 566
Turkey (**) | 43,113 | 34,536 | 5,127 | 3,451 | (2,613) | (189) | (450) | (1,974) | 40,500 | 34,347 | 4,677 | 1,477
South America (***) | 36,265 | 31,754 | 2,742 | 1,769 | (1,769) | (366) | (323) | (1,079) | 34,497 | 31,388 | 2,419 | 690
Others | 839 | 824 | 7 | 9 | (8) | (1) | (1) | (6) | 832 | 823 | 6 | 2
Total (****) | 394,763 | 345,449 | 33,360 | 15,954 | (12,402) | (2,129) | (2,181) | (8,093) | 382,360 | 343,320 | 31,179 | 7,861
December 2018
| Gross exposure | Accumulated allowances | Carrying amount
| Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3
Spain (*) | 195,447 | 172,599 | 12,827 | 10,021 | (5,874) | (713) | (877) | (4,284) | 189,574 | 171,886 | 11,951 | 5,737
The United States | 57,321 | 50,665 | 5,923 | 733 | (658) | (206) | (299) | (153) | 56,663 | 50,459 | 5,624 | 580
Mexico | 52,858 | 48,354 | 3,366 | 1,138 | (1,750) | (640) | (373) | (737) | 51,107 | 47,714 | 2,992 | 401
Turkey (**) | 43,718 | 34,883 | 6,113 | 2,722 | (2,241) | (171) | (591) | (1,479) | 41,479 | 34,712 | 5,523 | 1,244
South America (***) | 36,098 | 31,947 | 2,436 | 1,715 | (1,656) | (338) | (234) | (1,084) | 34,442 | 31,609 | 2,202 | 631
Others | 783 | 756 | 8 | 19 | (19) | - | (1) | (18) | 763 | 755 | 7 | 1
Total (****) | 386,225 | 339,204 | 30,673 | 16,348 | (12,199) | (2,070) | (2,374) | (7,755) | 374,027 | 337,134 | 28,299 | 8,593
Credit Risk Exposure By Stages and Counterparty |
December 2019 (Millions of Euros)
| Gross exposure | Accumulated allowances | Net amount
| Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3
Public administrations | 28,281 | 27,511 | 682 | 88 | (59) | (15) | (22) | (21) | 28,222 | 27,496 | 660 | 66
Other financial corporations | 11,239 | 11,085 | 136 | 17 | (31) | (19) | (2) | (10) | 11,207 | 11,066 | 134 | 8
Non-financial corporations | 173,254 | 148,768 | 16,018 | 8,468 | (6,465) | (811) | (904) | (4,750) | 166,789 | 147,957 | 15,114 | 3,718
Individuals | 181,989 | 158,085 | 16,523 | 7,381 | (5,847) | (1,283) | (1,252) | (3,312) | 176,142 | 156,801 | 15,272 | 4,069
Loans and advances to customers | 394,763 | 345,449 | 33,360 | 15,954 | (12,402) | (2,129) | (2,181) | (8,093) | 382,360 | 343,320 | 31,179 | 7,861
December 2018 (Millions of Euros)
| Gross exposure | Accumulated allowances | Net amount
| Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3
Public administrations | 28,632 | 27,740 | 764 | 128 | (84) | (21) | (25) | (38) | 28,549 | 27,719 | 739 | 91
Other financial corporations | 9,490 | 9,189 | 291 | 11 | (22) | (13) | (4) | (4) | 9,468 | 9,176 | 286 | 6
Non-financial corporations | 169,764 | 145,875 | 15,516 | 8,372 | (6,260) | (730) | (1,190) | (4,341) | 163,503 | 145,145 | 14,327 | 4,031
Individuals | 178,339 | 156,400 | 14,102 | 7,838 | (5,833) | (1,305) | (1,155) | (3,372) | 172,506 | 155,094 | 12,946 | 4,466
Loans and advances to customers | 386,225 | 339,204 | 30,673 | 16,348 | (12,199) | (2,070) | (2,374) | (7,755) | 374,027 | 337,134 | 28,299 | 8,593
Loans And Advances Breakdown By Counterparty |
December 2019 (Millions of Euros)
| Central banks | General governments | Credit institutions | Other financial corporations | Non-financial corporations | Households | Total | Gross carrying amount
By product |  |  |  |  |  |  |  |
On demand and short notice | - | 9 | - | 118 | 2,328 | 595 | 3,050 | 3,251
Credit card debt | - | 10 | 1 | 3 | 1,940 | 14,401 | 16,355 | 17,608
Commercial debtors |  | 971 | - | 230 | 15,976 | 99 | 17,276 | 17,617
Finance leases | - | 227 | - | 6 | 8,091 | 387 | 8,711 | 9,095
Reverse repurchase loans | - | - | 1,817 | - | 26 | - | 1,843 | 1,848
Other term loans | 4,240 | 26,734 | 4,121 | 7,795 | 137,934 | 160,223 | 341,047 | 351,230
Advances that are not loans | 35 | 865 | 7,743 | 3,056 | 951 | 506 | 13,156 | 13,214
LOANS AND ADVANCES | 4,275 | 28,816 | 13,682 | 11,208 | 167,246 | 176,211 | 401,438 | 413,863
By secured loans |  |  |  |  |  |  |  |
Of which: mortgage loans collateralized by immovable property |  | 1,067 | 15 | 261 | 23,575 | 111,085 | 136,003 | 139,317
Of which: other collateralized loans | - | 10,447 | 93 | 2,106 | 29,009 | 6,893 | 48,548 | 49,266
By purpose of the loan |  |  |  |  |  |  |  |
Of which: credit for consumption |  |  |  |  |  | 46,356 | 46,356 | 49,474
Of which: lending for house purchase |  |  |  |  |  | 110,178 | 110,178 | 111,636
By subordination |  |  |  |  |  |  |  |
Of which: project finance loans |  |  |  |  | 12,259 |  | 12,259 | 12,415
December 2018 (Millions of Euros)
| Central banks | General governments | Credit institutions | Other financial corporations | Non-financial corporations | Households | Total | Gross carrying amount
By product |  |  |  |  |  |  |  |
On demand and short notice | - | 10 | - | 151 | 2,833 | 648 | 3,641 | 3,834
Credit card debt | - | 8 | 1 | 2 | 2,328 | 13,108 | 15,446 | 16,495
Commercial debtors |  | 948 | - | 195 | 16,190 | 103 | 17,436 | 17,716
Finance leases | - | 226 | - | 3 | 8,014 | 406 | 8,650 | 9,077
Reverse repurchase loans | - | 293 | 477 | - | - | - | 770 | 772
Other term loans | 3,911 | 26,839 | 2,947 | 7,030 | 133,573 | 157,760 | 332,060 | 342,264
Advances that are not loans | 29 | 1,592 | 5,771 | 2,088 | 984 | 498 | 10,962 | 11,025
LOANS AND ADVANCES | 3,941 | 29,917 | 9,196 | 9,468 | 163,922 | 172,522 | 388,966 | 401,183
By secured loans |  |  |  |  |  |  |  |
Of which: mortgage loans collateralized by immovable property |  | 1,056 | 15 | 219 | 26,784 | 111,809 | 139,883 | 144,005
Of which: other collateralized loans | - | 7,179 | 285 | 1,389 | 31,393 | 6,835 | 47,081 | 47,855
By purpose of the loan |  |  |  |  |  |  |  |
Of which: credit for consumption |  |  |  |  |  | 40,124 | 40,124 | 42,736
Of which: lending for house purchase |  |  |  |  |  | 111,007 | 111,007 | 112,952
By subordination |  |  |  |  |  |  |  |
Of which: project finance loans |  |  |  |  | 13,973 |  | 13,973 | 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
Guaranteed financial instruments based on IFRS 9 |
December 2019 (Millions of Euros)
| Maximum exposure to credit risk | Of which secured by collateral
| Residential properties | Commercial properties | Cash | Others | Financial
Impaired loans and advances at amortized cost | 15,959 | 3,396 | 939 | 35 | 221 | 542
Total | 15,959 | 3,396 | 939 | 35 | 221 | 542
December 2018 (Millions of Euros)
| Maximum exposure to credit risk | Of which secured by collateral
| Residential properties | Commercial properties | Cash | Others | Financial
Impaired loans and advances at amortized cost | 16,359 | 3,484 | 1,255 | 13 | 317 | 502
Total | 16,359 | 3,484 | 1,255 | 13 | 317 | 502
Financial Guarantee received |
Guarantees received (Millions of Euros)
| 2019 | 2018
Value of collateral | 152,454 | 158,268
Of which: guarantees normal risks under special monitoring | 14,623 | 14,087
Of which: guarantees non-performing risks | 4,590 | 5,068
Value of other guarantees | 35,464 | 16,897
Of which: guarantees normal risks under special monitoring | 3,306 | 1,519
Of which: guarantees non-performing risks | 542 | 502
Total value of guarantees received | 187,918 | 175,165
BBVA Abridged Rating Scale |
External rating | Internal rating | Probability of default(basic points)
Standard&Poor's List | Reduced List (22 groups) | Average | Minimum from >= | Maximum
AAA | AAA | 1 | 0 | 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 |
Probability of default (basis points)
| December 2019 | December 2018
| Subject to 12 month ECL (Stage 1) | Subject to lifetime ECL (Stage 2) | Subject to 12 month ECL (Stage 1) | Subject to lifetime ECL (Stage 2)
| % | % | % | %
0 to 2 | 5.5 | - | 9.6 | -
2 to 5 | 6.3 | - | 10.8 | 0.1
5 to 11 | 14.6 | 0.2 | 6.3 | -
11 to 39 | 24.5 | 0.8 | 20.9 | 0.4
39 to 194 | 24.5 | 1.6 | 30.1 | 1.8
194 to 1,061 | 14.0 | 3.6 | 12.2 | 3.6
1,061 to 2,121 | 1.4 | 1.2 | 1.6 | 1.2
> 2,121 | 0.4 | 1.5 | 0.2 | 1.2
Total | 91.0 | 9.0 | 91.7 | 8.3
Loans And Advances Impaired And Accumulated Impairment by Sectors |
December 2019 (Millions of Euros)
| Gross carrying amount | Non-performing loans and advances | Accumulated impairment | Non-performing loans and advances as a % of the total
Central banks | 4,285 | - | (9) | 0.0%
General governments | 28,281 | 88 | (60) | 0.3%
Credit institutions | 13,664 | 6 | (15) | 0.0%
Other financial corporations | 11,239 | 17 | (31) | 0.2%
Non-financial corporations | 173,254 | 8,467 | (6,465) | 4.9%
Agriculture, forestry and fishing | 3,758 | 154 | (124) | 4.1%
Mining and quarrying | 4,669 | 100 | (86) | 2.1%
Manufacturing | 39,517 | 1,711 | (1,242) | 4.3%
Electricity, gas, steam and air conditioning supply | 12,305 | 684 | (575) | 5.6%
Water supply | 900 | 14 | (16) | 1.6%
Construction | 10,945 | 1,377 | (876) | 12.6%
Wholesale and retail trade | 27,467 | 1,799 | (1,448) | 6.6%
Transport and storage | 9,638 | 507 | (392) | 5.3%
Accommodation and food service activities | 8,703 | 279 | (203) | 3.2%
Information and communications | 6,316 | 95 | (65) | 1.5%
Financial and insurance activities | 6,864 | 191 | (140) | 2.8%
Real estate activities | 19,435 | 782 | (527) | 4.0%
Professional, scientific and technical activities | 4,375 | 167 | (140) | 3.8%
Administrative and support service activities | 3,415 | 118 | (134) | 3.4%
Public administration and defense; compulsory social security | 282 | 5 | (6) | 1.7%
Education | 903 | 41 | (38) | 4.5%
Human health services and social work activities | 4,696 | 66 | (55) | 1.4%
Arts, entertainment and recreation | 1,396 | 47 | (39) | 3.4%
Other services | 7,671 | 331 | (360) | 4.3%
Households | 181,989 | 7,381 | (5,847) | 4.1%
LOANS AND ADVANCES | 412,711 | 15,959 | (12,427) | 3.9%
December 2018 (Millions of Euros)
| Gross carrying amount | Non-performing loans and advances | Accumulated impairment | Non-performing loans and advances as a % of the total
Central Banks | 3,947 | - | (6) | -
General governments | 28,198 | 128 | (84) | 0.4%
Credit institutions | 9,175 | 10 | (12) | 0.1%
Other financial corporations | 9,490 | 11 | (22) | 0.1%
Non-financial corporations | 170,182 | 8,372 | (6,260) | 4.9%
Agriculture, forestry and fishing | 3,685 | 122 | (107) | 3.3%
Mining and quarrying | 4,952 | 96 | (70) | 1.9%
Manufacturing | 36,772 | 1,695 | (1,134) | 4.6%
Electricity, gas, steam and air conditioning supply | 13,853 | 585 | (446) | 4.2%
Water supply | 1,061 | 19 | (15) | 1.8%
Construction | 11,899 | 1,488 | (1,007) | 12.5%
Wholesale and retail trade | 25,833 | 1,624 | (1,259) | 6.3%
Transport and storage | 9,798 | 459 | (374) | 4.7%
Accommodation and food service activities | 7,882 | 315 | (204) | 4.0%
Information and communication | 5,238 | 113 | (72) | 2.1%
Financial and insurance activities | 6,929 | 147 | (128) | 2.1%
Real estate activities | 17,272 | 834 | (624) | 4.8%
Professional, scientific and technical activities | 5,096 | 204 | (171) | 4.0%
Administrative and support service activities | 3,162 | 128 | (125) | 4.0%
Public administration and defense, compulsory social security | 319 | 5 | (7) | 1.6%
Education | 912 | 31 | (31) | 3.4%
Human health services and social work activities | 4,406 | 63 | (63) | 1.4%
Arts, entertainment and recreation | 1,323 | 59 | (41) | 4.5%
Other services | 9,791 | 386 | (382) | 3.9%
Households | 178,355 | 7,838 | (5,833) | 4.4%
LOANS AND ADVANCES | 399,347 | 16,359 | (12,217) | 4.1%
December 2017 (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 | 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%
Changes In Impaired Financial Assets And Contingent Risks |
Changes in impaired financial assets and contingent risks (Millions of Euros)
| 2019 | 2018 | 2017
Balance at the beginning | 17,134 | 20,590 | 23,877
Additions | 9,857 | 9,792 | 10,856
Decreases (*) | (5,874) | (6,909) | (7,771)
Net additions | 3,983 | 2,883 | 3,085
Amounts written-off | (3,803) | (5,076) | (5,758)
Exchange differences and other | (544) | (1,264) | (615)
Balance at the end | 16,770 | 17,134 | 20,590
Changes In Impaired Financial Assets Written Off |
Changes in impaired financial assets written-off from the balance sheet (Millions of Euros)
| Notes | 2019 | 2018 | 2017
Balance at the beginning |  | 32,343 | 30,139 | 29,347
Increase |  | 4,712 | 6,164 | 5,986
Decrease: |  | (11,039) | (4,210) | (4,442)
Re-financing or restructuring |  | (2) | (10) | (9)
Cash recovery | 47 | (919) | (589) | (558)
Foreclosed assets |  | (617) | (625) | (149)
Sales (*) |  | (8,325) | (1,805) | (2,284)
Debt forgiveness |  | (493) | (889) | (1,121)
Time-barred debt and other causes |  | (682) | (292) | (321)
Net exchange differences |  | 230 | 250 | (752)
Balance at the end |  | 26,245 | 32,343 | 30,139
Corrections Loans And Advances At Amortized Cost |
Changes in gross accounting balances of loans and advances at amortized cost. December 2019 (Millions of Euros)
| Stage 1 | Stage 2 | Stage 3 | Total
Opening balance | 352,282 | 30,707 | 16,359 | 399,347
Transfers of financial assets: | (9,021) | 6,279 | 2,741 | -
Transfers from stage 1 to Stage 2 | (13,546) | 13,546 | - | -
Transfers from stage 2 to Stage 1 | 5,656 | (5,656) | - | -
Transfers to Stage 3 | (1,571) | (2,698) | 4,269 | -
Transfers from Stage 3 | 440 | 1,087 | (1,527) | -
Net annual origination of financial assets | 20,296 | (2,739) | 246 | 17,804
Becoming write-offs | (152) | (349) | (3,407) | (3,908)
Foreign exchange | 1,611 | 35 | 16 | 1,662
Modifications that do not result in derecognition | (1) | (27) | 15 | (13)
Other | (1,782) | (388) | (11) | (2,180)
Closing balance | 363,234 | 33,518 | 15,959 | 412,711
Changes In Value Corrections Loans And Advances At Amortized Cost |
Changes in allowances of loans and advances at amortized cost. December 2019 (Millions of Euros)
| Stage 1 | Stage 2 | Stage 3 | Total
Opening balance | (2,082) | (2,375) | (7,761) | (12,217)
Transfers of financial assets: | 176 | (227) | (1,574) | (1,626)
Transfers from stage 1 to Stage 2 | 126 | (649) | - | (523)
Transfers from stage 2 to Stage 1 | (38) | 273 | - | 235
Transfers to Stage 3 | 89 | 234 | (1,810) | (1,487)
Transfers from Stage 3 | (1) | (86) | 236 | 149
Net annual origination of allowances | (542) | (116) | (1,711) | (2,370)
Becoming write-offs | 130 | 337 | 2,789 | 3,256
Foreign exchange | (30) | (18) | 69 | 20
Modifications that do not result in derecognition | (15) | (149) | (89) | (254)
Other | 215 | 366 | 183 | 764
Closing balance | (2,149) | (2,183) | (8,094) | (12,427)
Impairement Losses Reconciliations I |
Financial assets at amortized cost. December 2018 (Millions of Euros)
| Not credit-impaired | Credit-impaired | Total
| Stage 1 | Stage 2 | Credit-impaired (Stage 3)
| Loss allowances | Loss allowances (collectively assessed) | Loss allowances (individually assessed) | Loss allowances | Loss allowances
Opening balance | (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)
Of which: Loans and advances | - | - | - | - | (12,217)
Of which: Debt certificates | - | - | - | - | (46)
Impairement losses reconciliations II |
Financial assets at amortized cost. December 2017 (Millions of Euros) (*)
| Opening balance | Increases due to amounts set aside for estimated loan losses during the year | Decreases due to amounts reversed for estimated loan losses during the year | Decreases due to amounts taken against allowances | Transfers between allowances | Other adjustments | Closing balance | Recoveries recorded directly to the statement of profit or loss
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
Headings Of Balance Sheet Under Market Risk |
Headings of the balance sheet under market risk (Millions of Euros)
| December 2019 | December 2018 | December 2017
| 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 | 96,461 | 1,671 | 114,156 | 124 | 59,008 | 441
Financial assets at fair value through other comprehensive income | 7,089 | 24,691 | 5,652 | 19,125 | 5,661 | 24,083
Of which: Equity instruments | - | 1,783 | - | 2,046 | - | 2,404
Derivatives - Hedge accounting | 628 | 840 | 688 | 1,061 | 829 | 1,397
Financial liabilities held for trading | 74,967 | 12,677 | 67,859 | 11,011 | 42,468 | 2,526
Derivatives - Hedge accounting | 671 | 1,183 | 550 | 910 | 1,157 | 638
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 2019 |  |  |  |  |  |
VaR average in the year | 21 | 6 | 4 | 9 | (20) | 19
VaR max in the year | 28 | 6 | 3 | 9 | (21) | 25
VaR min in the year | 13 | 5 | 5 | 9 | (18) | 14
End of period VaR | 24 | 5 | 5 | 8 | (22) | 20
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
Expected Shortfall |
Impact of the stress test (Millions of Euros)
| Europe | Mexico | Peru | Venezuela | Argentina | Colombia | Turkey | The United States
Expected shortfall | (112) | (68) | (23) | - | (4) | (5) | (9) | (3)
Effect Of Compensation |
December 2019 (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 | 37,302 | 2,388 | 34,914 | 25,973 | 8,210 | 731
Reverse repurchase, securities borrowing and similar agreements |  | 35,805 | 21 | 35,784 | 35,618 | 204 | (39)
Total Assets |  | 73,107 | 2,409 | 70,698 | 61,591 | 8,415 | 692
Trading and hedging derivatives | 10, 15 | 39,646 | 2,394 | 37,252 | 25,973 | 10,613 | 667
Repurchase, securities lending and similar agreements |  | 45,977 | 21 | 45,956 | 45,239 | 420 | 297
Total Liabilities |  | 85,623 | 2,414 | 83,209 | 71,212 | 11,033 | 964
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
Sensitivity Analysis To Interest Rate |
Sensitivity to interest-rate analysis - December 2019
| 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%) | - (0% - 5%) | + (0% - 5%) | - (0% - 5%)
Mexico | + (0% - 5%) | - (0% - 5%) | + (0% - 5%) | - (0% - 5%)
The United States | + (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%)
LtSCD By LMU |
LtSCD by LMU
| December 2019 | December 2018 | December 2017
Group (average) | 108% | 106% | 110%
Eurozone | 108% | 101% | 108%
BBVA Mexico | 116% | 114% | 109%
BBVA USA | 111% | 119% | 109%
Garanti BBVA | 99% | 110% | 122%
Other LMUs | 103% | 99% | 108%
Liquidity Risk Coverage By UGL |
LCR main LMU
Group | 129% | 127% | 128%
Eurozone | 147% | 145% | 151%
BBVA Mexico | 147% | 154% | 148%
BBVA USA (*) | 145% | 143% | 144%
Garanti BBVA | 206% | 209% | 134%
Liquidity Available by Instrument and Subsidiaries |
December 2019 (Millions of Euros)
| BBVA Eurozone | BBVA Mexico | BBVA USA | Garanti BBVA | Other
Cash and withdrawable central bank reserves | 14,516 | 6,246 | 4,949 | 6,450 | 6,368
Level 1 tradable assets | 41,961 | 7,295 | 11,337 | 7,953 | 3,593
Level 2A tradable assets | 403 | 316 | 344 | - | -
Level 2B tradable assets | 5,196 | 219 | - | - | 12
Other tradable assets | 22,213 | 1,269 | 952 | 669 | 586
Non tradable assets eligible for central banks | - | - | 2,935 | - | -
Cumulated counterbalancing capacity | 84,288 | 15,344 | 20,516 | 15,072 | 10,559
December 2018 (Millions of Euros)
| BBVA Eurozone | BBVA Mexico | BBVA USA | Garanti BBVA | 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 (*) | 8,772 | 1,372 | 1,043 | 499 | 617
Non tradable assets eligible for central banks | - | - | 2,314 | - | -
Cumulated counterbalancing capacity | 69,705 | 14,475 | 16,024 | 14,634 | 10,946
December 2017 (Millions of Euros)
| BBVA Eurozone (1) | BBVA Mexico | BBVA USA | Garanti BBVA | 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 (*) | 10,192 | 1,703 | 1,252 | 962 | 1,573
Non tradable assets eligible for central banks | - | - | 2,800 | - | -
Cumulated counterbalancing capacity | 70,163 | 14,644 | 15,983 | 13,359 | 13,828
Net Stable Finance Ratio NSFR |
NSFR main LMU
| December 2019
Group | 120%
BBVA Eurozone | 113%
BBVA Mexico | 130%
BBVA USA | 116%
Garanti BBVA | 151%
Matrix Of Residual Maturities |
December 2019. 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 | 20,954 | 20,654 | - | - | - | - | - | - | - | - | 41,608
Deposits in credit entities | - | 3,591 | 283 | 488 | 585 | 503 | 189 | 24 | 120 | 432 | 6,216
Deposits in other financial institutions | - | 1,336 | 1,120 | 796 | 589 | 991 | 1,420 | 1,072 | 672 | 2,089 | 10,084
Reverse repo, securities borrowing and margin lending | - | 21,612 | 3,858 | 2,287 | 561 | 808 | 4,121 | 1,838 | 411 | 803 | 36,299
Loans and advances | 157 | 22,015 | 25,056 | 24,994 | 15,777 | 16,404 | 42,165 | 35,917 | 54,772 | 122,098 | 359,354
Securities' portfolio settlement | - | 1,622 | 3,873 | 6,620 | 2,017 | 7,292 | 21,334 | 6,115 | 13,240 | 46,022 | 108,136
December 2019. 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 | 1,393 | 1,714 | 4,208 | 1,645 | 4,386 | 8,328 | 10,608 | 10,803 | 27,840 | 70,927
Deposits in financial institutions | 7,377 | 7,608 | 493 | 1,122 | 172 | 1,514 | 386 | 614 | 206 | 510 | 20,004
Deposits in other financial institutions and international agencies | 10,177 | 3,859 | 867 | 381 | 367 | 257 | 982 | 503 | 499 | 952 | 18,843
Customer deposits | 271,638 | 43,577 | 18,550 | 10,013 | 7,266 | 6,605 | 3,717 | 2,062 | 854 | 1,039 | 365,321
Security pledge funding | - | 45,135 | 3,202 | 15,801 | 1,456 | 653 | 3,393 | 7,206 | 759 | 1,308 | 78,914
Derivatives, net | - | (66) | (25) | 29 | (11) | 1,097 | (830) | (278) | (333) | (420) | (838)
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)
Table of Encumbered Assets |
December 2019 (Millions of Euros)
| Encumbered assets | Non-encumbered assets
| Book value | Market value | Book value | Market value
Assets | 101,792 |  | 596,898 |
Equity instruments | 3,526 | 3,526 | 12,113 | 12,113
Debt securities | 29,630 | 29,567 | 95,611 | 95,611
Loans and advances and other assets | 68,636 |  | 489,174 |
December 2018 (Millions of Euros)
| Encumbered assets | Non-encumbered assets
| Book value | Market value | Book value | Market value
Assets | 107,950 |  | 567,573 |
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 | Market value | Book value | Market value
Assets | 110,600 |  | 579,459 |
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 |
Collateral Received |
December 2019. 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 | 38,496 | 9,208 | 48
Equity instruments | 65 | 70 | -
Debt securities | 38,431 | 9,130 | 38
Loans and advances and other assets | - | 8 | 10
Own debt securities issued other than own covered bonds or ABSs | - | 82 | -
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 | -
Sources Of Encumbrance |
Sources of encumbrance (Millions of Euros)
| December 2019 | December 2018 | December 2017
| Matching liabilities, contingent liabilities or securities lent | Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | Matching liabilities, contingent liabilities or securities lent | Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | 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 | 124,252 | 135,500 | 113,498 | 131,172 | 118,704 | 133,312
Derivatives | 19,066 | 20,004 | 8,972 | 11,036 | 11,843 | 11,103
Loans and advances | 87,906 | 94,240 | 85,989 | 97,361 | 87,484 | 98,478
Outstanding subordinated debt | 17,280 | 21,256 | 18,538 | 22,775 | 19,377 | 23,732
Other sources | 449 | 4,788 | 3,972 | 4,330 | 305 | 1,028

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- References No definition available. + Details
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- References No definition available. + Details
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- References No definition available. + Details
Name: | bbva_Creditriskexposurebystagesandgeographiclocation
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- Definition Table which displays the Effect Of Compensation + References No definition available. + Details
Name: | bbva_Effectofcompensation
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Period Type: | duration

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- Definition Table which displays the Expected Shortfall + References No definition available. + Details
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Period Type: | duration

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- References No definition available. + Details
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Namespace Prefix: | bbva_
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- Definition Table which displays the Guaranteed financial instruments based on IFRS 9 + References No definition available. + Details
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- Definition Table which displays the Headings Of Balance Sheet Under Market Risk + References No definition available. + Details
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Data Type: | nonnum:textBlockItemType
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- References No definition available. + Details
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Period Type: | duration

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- References No definition available. + Details
Name: | bbva_Impairementlossesreconciliationsii
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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
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- References No definition available. + Details
Name: | bbva_Liquidityriskcoveragebyugl
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- Definition Table which displays the loans and advances, breakdown by counterparty + References No definition available. + Details
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- Definition Table which displays the loans and advances impaired and accumulated imparment by sectors + References No definition available. + Details
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- Definition Table which displays the liquidity risk, throught the LCR ratio + References No definition available. + Details
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Namespace Prefix: | bbva_
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Period Type: | duration

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

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- References No definition available. + Details
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Period Type: | duration

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- References No definition available. + Details
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- Definition Table which displays the Probability of Default + References No definition available. + Details
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Period Type: | duration

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- References No definition available. + Details
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- Definition Table which displays the Sensitivity Analysis To Interest Rate + References No definition available. + Details
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- Definition Table which displays the Sources Of Encumbrance + References No definition available. + Details
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- Definition Table which displays the Encumbered Assets + References No definition available. + Details
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- Definition Table which displays the VAR By Risk Factor + References No definition available. + Details
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- 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 2019-01-01 -Paragraph 35M -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_35M&doctype=Standard -URIDate 2019-03-27 + Details
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