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Note 47 (Tables)
6 Months Ended
Jun. 30, 2021
Remuneration And Other Benefits Received By The Board Of Directors And Members Of The Banks Senior Management [Abstract]  
Remuneration For Non Executive Directors Explanatory [Table Text Block]
The remuneration paid to non-executive directors during the first half of the 2021 financial year is indicated below, individualized and itemized:
Remuneration for non-executive directors (thousands of euro)
Board of DirectorsExecutive CommitteeAudit CommitteeRisk and Compliance CommitteeRemunerations CommitteeAppointments and Corporate Governance CommitteeTechnology and Cybersecurity CommitteeOther positions (1)Total
José Miguel Andrés Torrecillas648333--58-25263
Jaime Caruana Lacorte64838354----284
Raúl Galamba de Oliveira 64--54--21-139
Belén Garijo López64-33-5423--174
Sunir Kumar Kapoor64-----21-86
Lourdes Máiz Carro64-33-21---119
José Maldonado Ramos6483---23--171
Ana Peralta Moreno64-33-21---119
Juan Pi Llorens64--107-232140256
Ana Revenga Shanklin 64--54----118
Susana Rodríguez Vidarte6483-54-23--224
Carlos Salazar Lomelín 64---21---86
Jan Verplancke64---21-21-107
Total (2)83733321532113915086652,146
(1) Amounts received during the first half of 2021 by José Miguel Andrés Torrecillas, in his capacity as Deputy Chair of the Board of Directors, and by Juan Pi Llorens, in his capacity as Lead Director.
(2) Including the amounts corresponding to the positions of the member of the Board and of the various committees during the first half of the 2021 financial year.
Remuneration of executive directors fixed remuneration [Table Text Block]
The remuneration paid to non-executive directors during the first half of the 2021 financial year is indicated below, individualized and itemized:
Fixed Remuneration (thousands of euro)
Chairman1,462
Chief Executive Officer (1)1,090
Total2,551
(1)In addition, in accordance with the conditions established contractually and set forth in the BBVA Directors' Remuneration Policy, during the first half of the 2021 financial year, the Chief Executive Officer received €327 thousand as cash in lieu of pension and €300 thousand as a mobility allowance.
Variable remuneration 2020
In cash
(Thousands of euro)
In shares
Chairman00
Chief Executive Officer00
Total00
In view of the exceptional circumstances arising from the COVID-19 crisis, the two executive directors voluntarily waived the award of the entire Annual Variable Remuneration of 2020 financial year and, therefore, they have not accrued any remuneration for this concept.
Variable remuneration corresponding to previous financial years (1)
In cash
(Thousands of euro)
In shares
Chairman41183,692
Chief Executive Officer30739,796
Total717123,488
(1)Remuneration corresponding to the deferred Annual Variable Remuneration (AVR) for the 2017 financial year to be paid in 2021, along with its update in cash. The deferred AVR for the 2017 financial year of the Chairman and the Chief Executive Officer is associated with their previous roles as Chief Executive Officer and President & CEO of BBVA USA, respectively.
Remunerations Of Members Of The Senior Management [Table Text Block]
The remuneration paid to the Senior Management as a whole, excluding executive directors, during the first half of the 2021 financial year (15 members with such status as at 30 June 2021, excluding executive directors), is itemized below:
Fixed remuneration (Thousands of Euros)
Senior Management Total7,319
Variable remuneration 2020
In cash
(Thousands of euro)
In shares
Senior Management Total 00
As the executive directors, the members of Senior Management have not received any amount corresponding to the 2020 financial year Annual Variable Remuneration, as in view of the exceptional circumstances arising from the COVID-19 crisis, all of them voluntarily waived its accrual
Variable remuneration corresponding to previous financial years (1)
In cash (1)
(Thousands of euro)
In shares (1)
Senior Management Total 610107,740
(1)Remuneration corresponding to the deferred AVR for the 2017 financial year to be paid in 2021, in the case of members who were beneficiaries, along with its update in cash.
Number Of Shares Explanatory [Table Text Block] During the first half of the 2021 financial year, the following" theoretical shares" were allocated, derived from the fixed remuneration system with deferred delivery of shares of non-executive directors, equivalent to 20% of the total annual fixed allowance in cash received by each of them in 2020 financial year:
Theoretical shares allocated in 2021Theoretical shares accumulated as of June 30, 2021
José Miguel Andrés Torrecillas22,86098,772
Jaime Caruana Lacorte25,58556,972
Raúl Galamba de Oliveira9,5009,500
Belén Garijo López15,72277,848
Sunir Kumar Kapoor7,73730,652
Lourdes Máiz Carro10,73155,660
José Maldonado Ramos15,416123,984
Ana Peralta Moreno10,73126,396
Juan Pi Llorens23,079115,896
Ana Revenga Shanklin7,5687,568
Susana Rodríguez Vidarte20,237161,375
Carlos Salazar Lomelín5,6425,642
Jan Verplancke9,02421,416
Total183,832791,681
Pension commitments with executive directors and member of senior Management [Table Text Block] Pension commitments with executive directors and members of Senior Management
Executive directors (thousands of euros)
Contributions (1)Accumulated funds
RetirementDeath and disability
Chairman12128724,053
Chief Executive Officer147
Total12143524,053
(1)Contributions registered to fulfil the pension commitments undertaken with the executive directors in the proportional part corresponding to the first half of the 2021 financial year. In the case of the Chairman, these correspond to the sum of the annual contribution to cover retirement benefits (which has been reduced in the new BBVA Directors’ Remuneration Policy approved by the General Shareholders’ Meeting in 2021, as a result of the transformation of the Chairman’s pension system) and the adjustment made to the "discretionary pension benefits" for the 2020 financial year, the contribution of which had to be made in the 2021 financial year and to the death and disability premiums. For the Chief Executive Officer, the contributions registered correspond exclusively to the premiums paid by the Bank to cover death and disability contingencies given that, in his case, there are no commitments to cover the retirement contingency.
Total accumulated fund retirement commitments [Table Text Block]
Senior Management (thousands of euro)
Contributions (1)Accumulated funds
RetirementDeath and disability
Senior Management Total1,33261224,296
(1)Contributions registered to fulfil the pension commitments undertaken with the Senior Management as a whole in the proportional part corresponding to the first half of the 2021 financial year which correspond to the sum of the annual contributions to cover retirement benefits and the adjustments to the "discretionary pension benefits" for the 2020 financial year, the contribution of which had to be made in the 2021 financial year, and to the premiums paid by the Bank to cover death and disability contingencies.