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Note 6 - Risk Management (Tables)
 6 Months Ended
Jun. 30, 2020
Operations And Amounts From The Moratoriums Given By The Group
COVID-19 support programs (Millions of Euros)
Deferment of paymentsFinancing with public guarantees
Existing CompletedTotal Number of customersTotal Number ofcustomersTotal deferment of payments and guarantees(%) credit investment
Group 29,668 6,590 36,259 3,138,89413,791 196,18650,050 11.9%
Operations And Amounts From The Loans Given By The Group With Public Guarantees
COVID-19 support programs (Millions of Euros)
Deferment of paymentsFinancing with public guarantees
Existing CompletedTotal
Group29,6686,59036,25913,791
Customers17,9753,56321,538863
Mortgages9,3182,15211,4701
SMEs6,3977927,1897,723
Non-financial corporations5,0062,2217,2275,126
Other2901430479
Principal Geographical Areas GDP
Estimate of GDP, unemployment rate and HPR for the main geographies
SpainMexicoThe United States
DateGDPUnemploymentHPRGDPUnemploymentHPRGDPUnemploymentHPR
2020(11.54%)20.49%(4.08%)(9.97%)4.59%2.02%(4.40%)7.82%(0.33%)
20217.53%17.33%(5.24%)4.08%4.45%(1.53%)3.58%5.02%(0.39%)
20222.94%15.68%6.28%4.18%4.03%0.09%2.36%4.24%1.86%
20232.09%14.42%5.01%1.49%4.06%(0.02%)2.08%4.09%2.59%
20242.07%13.25%3.65%1.53%4.05%0.67%2.09%4.10%2.14%
20252.00%12.11%3.11%1.46%4.02%0.95%2.11%4.10%1.55%

PeruArgentinaColombiaTurkey
DateGDPUnemploymentGDPUnemploymentGDPUnemploymentGDPUnemployment
2020(14.97%)30.07%(5.94%)14.23%(3.07%)16.95%0.15%14.03%
20218.86%13.10%1.54%11.53%3.98%14.13%5.04%13.43%
20223.53%11.48%2.02%10.23%2.64%11.81%4.53%10.78%
20233.68%11.39%1.96%9.70%3.32%11.63%4.52%10.38%
20243.63%11.30%1.97%8.75%3.47%11.42%4.51%10.23%
20253.21%11.20%1.99%7.78%3.70%11.22%4.50%10.03%
Credit Risk Exposure
Maximum credit risk exposure (Millions of Euros)
NotesJune 2020Stage 1Stage 2Stage 3
Financial assets held for trading 70,093
Debt securities926,640
Equity instruments95,862
Loans and advances937,591
Non-trading financial assets mandatorily at fair value through profit or loss4,998
Loans and advances10690
Debt securities10250
Equity instruments104,058
Financial assets designated at fair value through profit or loss111,098
Derivatives (trading and hedging) 51,649
Financial assets at fair value through other comprehensive income70,207
Debt securities68,38568,0795301
Equity instruments121,789
Loans and advances to credit institutions123333--
Financial assets at amortized cost463,887413,51734,68615,684
Loans and advances to central banks4,7924,792--
Loans and advances to credit institutions14,85914,822326
Loans and advances to customers400,764350,55834,56815,637
Debt securities43,47343,3468641
Total financial assets risk661,932---
Total loan commitments and financial guarantees184,046171,13011,987929
Loan commitments given30134,494126,3107,957227
Financial guarantees given3010,9899,7091,020261
Other commitments given3038,56335,1113,010441
Total maximum credit exposure845,978

Maximum credit risk exposure (Millions of Euros)
NotesDecember 2019Stage 1Stage 2Stage 3
Financial assets held for trading 69,503
Debt securities926,309
Equity instruments98,892
Loans and advances934,303
Non-trading financial assets mandatorily at fair value through profit or loss5,557
Loans and advances101,120
Debt securities10110
Equity instruments104,327
Financial assets designated at fair value through profit or loss111,214
Derivatives (trading and hedging) 39,462
Financial assets at fair value through other comprehensive income61,293
Debt securities58,84158,590250-
Equity instruments122,420
Loans and advances to credit institutions123333--
Financial assets at amortized cost451,640402,02433,62415,993
Loans and advances to central banks4,2854,285--
Loans and advances to credit institutions13,66413,5001586
Loans and advances to customers394,763345,44933,36015,954
Debt securities38,93038,79010633
Total financial assets risk628,670
Total loan commitments and financial guarantees181,116169,66310,4521,001
Loan commitments given30130,923123,7076,945270
Financial guarantees given3010,9849,804955224
Other commitments given3039,20936,1512,552506
Total maximum credit exposure809,786
Credit Risk Exposure By Geographical Area
June 2020 (Millions of Euros)
Gross exposureAccumulated allowancesCarrying amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Spain (*)206,649184,24914,0778,323(5,734)(824)(785)(4,125)200,915183,42513,2924,198
The United States61,57252,8607,939773(1,028)(317)(471)(240)60,54452,5427,468533
Mexico51,41445,3864,8331,194(1,972)(761)(459)(752)49,44244,6264,374442
Turkey (**)44,06136,1134,4173,532(2,865)(215)(600)(2,050)41,19635,8983,8171,482
South America (***)36,20231,0993,2981,804(1,944)(390)(422)(1,131)34,25830,7092,876672
Others 866851510(9)(1)-(7)85785043
Total (****)400,764350,55834,56815,637(13,552)(2,508)(2,736)(8,307)387,212348,05031,8327,330

December 2019 (Millions of Euros)
Gross exposureAccumulated allowancesCarrying amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Spain (*)197,058173,84314,5998,616(5,311)(712)(661)(3,939)191,747173,13113,9394,677
The United States57,38749,7447,011632(688)(165)(342)(182)56,69949,5806,670450
Mexico60,09954,7483,8731,478(2,013)(697)(404)(912)58,08754,0523,469566
Turkey (**)43,11334,5365,1273,451(2,613)(189)(450)(1,974)40,50034,3474,6771,477
South America (***)36,26531,7542,7421,769(1,769)(366)(323)(1,079)34,49731,3882,419690
Others 83982479(8)(1)(1)(6)83282362
Total (****)394,763345,44933,36015,954(12,402)(2,129)(2,181)(8,093)382,360343,32031,1797,861
Loans And Advances Breakdown By Counterparty
June 2020 (Millions of Euros)
Central banksGeneral governmentsCredit institutionsOther financial corporationsNon-financial corporationsHouseholdsTotalGross carrying amount
By product
On demand and short notice-37-1642,1265162,8443,048
Credit card debt-9-11,55511,71713,28314,486
Commercial debtors796-47012,8057114,14214,444
Finance leases-195-57,5613518,1138,474
Reverse repurchase loans430-2,26988760-3,6473,656
Other term loans4,31125,9303,7938,518153,588154,750350,890362,342
Advances that are not loans323778,8123,4891,43748614,63214,688
LOANS AND ADVANCES4,77327,34314,87513,535179,132167,892407,549421,137
By secured loans
Of which: mortgage loans collateralized by immovable property953-30030,850106,609138,712142,457
Of which: other collateralized loans4304,6601,7631,62916,2384,67529,39629,986
By purpose of the loan
Of which: credit for consumption43,04843,04846,148
Of which: lending for house purchase108,159108,159110,005
By subordination
Of which: project finance loans12,04712,04712,328

December 2019 (Millions of Euros)
Central banksGeneral governmentsCredit institutionsOther financial corporationsNon-financial corporationsHouseholdsTotalGross carrying amount
By product
On demand and short notice-9-1182,3285953,0503,251
Credit card debt-10131,94014,40116,35517,608
Commercial debtors 971-23015,9769917,27617,617
Finance leases-227-68,0913878,7119,095
Reverse repurchase loans--1,817-26-1,8431,848
Other term loans4,24026,7344,1217,795137,934160,223341,047351,230
Advances that are not loans358657,7433,05695150613,15613,214
LOANS AND ADVANCES4,27528,81613,68211,208167,246176,211401,438413,863
By secured loans
Of which: mortgage loans collateralized by immovable property1,0671526123,575111,085136,003139,317
Of which: other collateralized loans-10,447932,10629,0096,89348,54849,266
By purpose of the loan
Of which: credit for consumption46,35646,35649,474
Of which: lending for house purchase110,178110,178111,636
By subordination
Of which: project finance loans12,25912,25912,415
Financial Guarantee received
Guarantees received (Millions of Euros)
June2020December2019
Value of collateral157,585 152,454
Of which: guarantees normal risks under special monitoring14,983 14,623
Of which: guarantees non-performing risks4,204 4,590
Value of other guarantees55,840 35,464
Of which: guarantees normal risks under special monitoring4,239 3,306
Of which: guarantees non-performing risks559 542
Total value of guarantees received213,425 187,918
Loans And Advances Impaired And Accumulated Impairment by Sectors
June 2020 (Millions of Euros)
Gross carrying amountNon-performing loans and advancesAccumulated impairmentNon-performing loans and advances as a % of the total
Central banks4,792-(19)-
General governments27,34277(83)0.3%
Credit institutions14,8596(17)-
Other financial corporations13,58517(50)0.1%
Non-financial corporations185,8218,190(7,224)4.4%
Households174,0157,352(6,195)4.2%
LOANS AND ADVANCES420,41415,643(13,588)3.7%

December 2019 (Millions of Euros)
Gross carrying amountNon-performing loans and advancesAccumulated impairment Non-performing loans and advances as a % of the total
Central Banks4,285-(9)-
General governments28,28188(60)0.3%
Credit institutions13,6646(15)-
Other financial corporations11,23917(31)0.2%
Non-financial corporations173,2548,467(6,465)4.9%
Households181,9897,381(5,847)4.1%
LOANS AND ADVANCES412,71115,959(12,427)3.9%
Changes In Impaired Financial Assets And Contingent Risks
Changes in impaired financial assets and guarantees given (Millions of Euros)
June 2020December 2019
Balance at the beginning 16,77017,134
Additions4,5819,857
Decreases (*)(2,517)(5,874)
Net additions2,0643,983
Amounts written-off(1,778)(3,803)
Exchange differences and other(322)(544)
Balance at the end 16,73416,770
Changes In Value Corrections Loans And Advances At Amortized Cost
Changes in loss allowances of loans and advances at amortized cost (Millions of Euros)
June 2020December 2019
Balance at the beginning of the period (12,427)(12,217)
Increase in loss allowances charged to income(6,723)(10,236)
Stage 1(1,603)(1,650)
Stage 2(1,771)(1,923)
Stage 3(3,350)(6,664)
Decrease in loss allowances charged to income3,0705,990
Stage 19601,312
Stage 28121,298
Stage 31,2983,380
Transfer to written-off loans, exchange differences and other2,4934,036
Closing balance(13,588)(12,427)