XML 99 R60.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 53 - Related-Party Transactions | 12 Months Ended
--- | ---
Dec. 31, 2020
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. These transactions are not relevant and are carried out under normal market conditions. As of December 31, 2020, 2019 and 2018 the following are the transactions with related parties: 53.1. Transactions with significant shareholders As of December 31, 2020, 2019 and 2018, there were no shareholders considered significant (see Note 26). 53.2 Transactions with BBVA Group entities The balances of the main captions 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)
|  | 2020 | 2019 | 2018
Assets |  |  |  |
Loans and advances to credit institutions |  | 148 | 26 | 132
Loans and advances to customers |  | 1.743 | 1.682 | 1.866
Liabilities |  |  |  |
Deposits from credit institutions |  | - | 3 | 2
Customer deposits |  | 791 | 453 | 521
Memorandum accounts |  |  |  |
Financial guarantees given |  | 132 | 166 | 152
Other contingent commitments given |  | 1.400 | 1.042 | 1.358
Loan commitments given |  | 11 | 106 | 78
The 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 method are as follows:
Balances of consolidated income statement arising from transactions with entities of the Group (Millions of Euros)
|  | 2020 | 2019 | 2018
Income statement |  |  |  |
Interest and other income |  | 20 | 19 | 55
Interest expense |  | 1 | 1 | 2
Fee and commission income |  | 5 | 4 | 5
Fee and commission expense |  | 34 | 53 | 48
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 commitments (see Note 25) and the derivatives 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 and commitments of various types with shareholders of subsidiaries and associates, which have no material effects on the accompanying consolidated financial statements. 53.3. Transactions with members of the Board of Directors and Senior Management The amount and nature of the transactions carried out with members of the Board of Directors and Senior Management of BBVA, as well as their respective related parties is given below. All of these transactions belong to the Bank's normal course of business, are not material and have being carried out under normal market conditions. As of December 31, 2020, there were no loans or credits g ranted by the Group’s entities to the members of the Board of Directors. As of December 2019 and 2018, the amount availed against the loans and credits granted by the Group’s entities to the members of the Board of Directors amounted to €607 and €611 thous and, respectively. On those same dates, there were no loans or credits granted to parties related to the members of the Board of Directors. As of December 31, 2020, 2019 and 2018, the amount availed against the loans granted by the Group’s entities to the members of Senior Management (excluding executive directors) amounted to €5,349, €4,414 and €3,783 thousand, respectively. On those same dates, the amount availed against the loans granted by the Group’s entities to parties related to members of Senior Man agement amounted to €580, €57 and €69 thousand, respectively. As of December 31, 2020, 2019 and 2018 no guarantees had been granted to any member of the Board of Directors or their related parties. The amount availed against guarantees arranged with member s of Senior Management as of December 31, 2020, 2019 and 2018 amounted to €10, €10, and €38 thousand, respectively. As of December 31, 2020 and 2019, the amount availed against guarantees and commercial loans arranged with parties related to the members of the Bank’s Board of Directors and Senior Management amounted to €25 thousand, on both dates. As of December 31, 2018, no guarantees and commercial loans have been granted to parties related to the members of Senior Management. The information on the remun eration of the members of the BBVA Board of Directors and Senior Management is included in Note 54. 5 3.4. Transactions with other related parties As of December 31, 2020, 2019 and 2018, the Group has not carried out operations with other related parties tha t do not belong to the line of business or ordinary traffic of its activity, that are not carried out under normal market condi tions and that are not of low relevance; understanding by such those whose information is not necessary to give the true image of the assets, the financial situation and the results, consolidated, of the BBVA Group.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2020-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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