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Note 7 (Tables)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Risk Management [Abstract]      
Amount of payment deferral and financing with public guarantees of the Group [Table Text Block]
The outstanding balance of existing loans for which a payment deferral was granted (split by those existing at year-end and those that were completed by year-end) under EBA standards and for which financing was granted with public guarantees given at a Group level, as well as the number of customers of both measures, as of December 31, 2022 and 2021 are as follows:
Amount of payment deferral and financing with public guarantees of the Group (Millions of Euros)
Payment deferralFinancing with
public guarantees
Existing CompletedTotal Number of
 customers
Total Number of
customers
Total
payment deferral
 and guarantees
(%) credit investment
December 2022—18,10318,1031,791,75613,955248,00932,0598.2 %
December 202118921,74321,9312,188,72016,093264,80938,02510.9 %
    
Amount of payment deferral and financing with public guarantees by concept [Table Text Block]
The outstanding balance of existing loans for which a payment deferral was granted (split by those existing at year-end and those in respect of which the deferral had been completed by year-end) under EBA standards and for which financing was granted with public guarantees given at a Group level, broken down by segment, as of December 31, 2022 and 2021 are as follows:
Amount of payment deferral and financing with public guarantees by concept (Millions of Euros)
Payment deferralFinancing with
 public guarantees
Existing CompletedTotal
20222021202220212022202120222021
Group—18918,10321,74318,10321,93113,95516,093
Households—10712,97414,90412,97415,0111,3021,376
Of which: Mortgages—979,54210,1959,54210,29156
SMEs—442,7253,9502,7253,9949,67210,911
Non-financial corporations—372,3152,7662,3152,8032,9643,788
Other——90122901221818
    
Amount of financing with public guarantees of the Group by stages [Table Text Block]
Amount of financing with public guarantees of the Group by stages (Millions of Euros)
Stage 1 and 2Stage 3Total
202220212022202120222021
Group13,10915,52684756813,95516,093
Households1,2401,34762291,3021,376
Of which: Mortgages56——56
SMEs9,04110,5226313899,67210,911
Non-financial corporations2,8113,6391531492,9643,788
Other1718——1818
    
Positive scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]
BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following forecasts (favorable, base and unfavorable scenarios) of the Gross Domestic Product (GDP) growth, unemployment rate and House Price Index (HPI), for the most relevant countries where they represent a significant factor, carried out by BBVA Research, were used for the calculation of the ECL as of December 31, 2022:
Positive scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20224.90 %12.27 %(2.96) %2.97 %3.28 %0.84 %7.59 %10.00 %
20231.85 %11.35 %(0.61) %1.45 %3.04 %4.23 %6.61 %8.85 %
20243.60 %9.75 %1.58 %2.33 %2.99 %3.07 %(0.70) %10.76 %
20253.00 %8.36 %1.67 %1.91 %3.01 %4.18 %3.91 %11.78 %
20262.95 %7.02 %2.20 %1.78 %3.01 %3.26 %3.90 %11.81 %
20272.93 %5.87 %2.31 %1.81 %3.00 %4.39 %3.86 %11.81 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
20224.00 %7.67 %7.42 %11.97 %8.78 %11.41 %
20235.12 %7.28 %3.86 %9.39 %2.04 %12.20 %
20243.15 %6.79 %(1.02) %7.68 %2.07 %12.77 %
20252.19 %6.60 %2.79 %6.77 %2.44 %12.65 %
20262.21 %6.52 %2.87 %6.89 %3.11 %12.15 %
20272.21 %6.49 %3.62 %6.81 %3.28 %10.47 %
The estimate for the next five years of the following rates, used in the measurement of the expected loss as of December 31, 2021, consistent with the latest estimates made public at that date, was:
Positive scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20215.52 %14.42 %0.33 %6.39 %4.18 %2.35 %11.63 %11.90 %
20226.14 %12.50 %4.70 %4.07 %3.89 %5.38 %5.60 %11.35 %
20235.13 %10.05 %3.06 %2.81 %3.75 %3.85 %5.80 %11.93 %
20242.61 %8.48 %1.87 %2.17 %3.69 %3.07 %3.62 %12.66 %
20252.22 %7.49 %1.56 %1.88 %3.64 %4.08 %3.66 %12.94 %
20262.19 %6.71 %1.19 %1.83 %3.59 %3.95 %3.66 %13.05 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
202113.60 %11.33 %9.91 %15.12 %9.89 %15.36 %
20224.91 %7.50 %6.69 %11.34 %5.33 %13.60 %
20233.78 %6.82 %3.02 %9.48 %3.38 %13.22 %
20242.76 %6.55 %2.09 %7.99 %3.30 %12.31 %
20252.34 %6.52 %2.16 %6.89 %3.44 %11.58 %
20262.28 %6.47 %2.12 %6.88 %3.51 %11.32 %
  
Base scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]
Base scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20224.61 %12.78 %(3.50) %2.56 %3.32 %0.95 %5.47 %10.53 %
20231.20 %12.83 %(2.41) %0.58 %3.20 %4.14 %3.02 %10.30 %
20243.37 %11.38 %0.55 %2.05 %3.17 %2.90 %(1.50) %11.75 %
20252.98 %9.95 %1.30 %1.84 %3.15 %4.19 %3.78 %12.15 %
20262.95 %8.58 %1.74 %1.76 %3.14 %3.27 %3.78 %12.00 %
20272.93 %7.18 %1.86 %1.79 %3.13 %4.37 %3.74 %12.00 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
20222.69 %7.72 %5.00 %12.35 %8.05 %11.49 %
20232.54 %7.48 %(0.50) %10.40 %0.72 %12.45 %
20242.42 %7.03 %(2.04) %8.60 %1.81 %13.06 %
20252.19 %6.80 %2.70 %7.38 %2.44 %12.94 %
20262.21 %6.70 %2.73 %7.38 %3.10 %12.43 %
20272.21 %6.68 %3.49 %7.30 %3.28 %10.65 %
Base scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20215.23 %14.93 %(0.20) %5.98 %4.22 %2.46 %9.46 %12.43 %
20225.49 %13.98 %2.91 %3.19 %4.05 %5.30 %1.98 %12.80 %
20234.89 %11.68 %2.04 %2.54 %3.92 %3.68 %5.04 %12.93 %
20242.59 %10.08 %1.50 %2.09 %3.83 %3.07 %3.49 %13.03 %
20252.22 %9.05 %1.10 %1.87 %3.77 %4.08 %3.54 %13.13 %
20262.19 %8.15 %0.74 %1.82 %3.71 %3.93 %3.53 %13.23 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
202112.22 %11.38 %7.49 %15.50 %9.17 %15.44 %
20222.32 %7.70 %2.30 %12.35 %4.02 %13.86 %
20233.05 %7.06 %2.04 %10.40 %3.13 %13.51 %
20242.76 %6.76 %1.98 %8.60 %3.29 %12.60 %
20252.34 %6.70 %2.03 %7.38 %3.44 %11.87 %
20262.28 %6.64 %1.99 %7.38 %3.51 %11.53 %
  
Negative scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]
Negative scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20224.33 %13.26 %(4.13) %2.17 %3.37 %1.03 %3.35 %11.04 %
20230.58 %14.26 %(4.02) %(0.28) %3.38 %3.97 %(0.79) %11.76 %
20243.15 %12.95 %(0.40) %1.77 %3.35 %2.69 %(2.49) %12.82 %
20252.93 %11.53 %0.79 %1.77 %3.30 %4.04 %3.70 %12.53 %
20262.91 %10.14 %0.99 %1.72 %3.27 %3.24 %3.70 %12.19 %
20272.89 %8.77 %1.10 %1.75 %3.26 %4.37 %3.66 %12.16 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
20221.39 %7.77 %2.66 %12.71 %7.30 %11.57 %
2023(0.05) %7.69 %(5.10) %11.38 %(0.59) %12.71 %
20241.67 %7.27 %(3.29) %9.49 %1.50 %13.34 %
20252.19 %7.02 %2.59 %7.97 %2.44 %13.21 %
20262.21 %6.91 %2.57 %7.83 %3.10 %12.70 %
20272.21 %6.88 %3.33 %7.78 %3.28 %10.86 %
Negative scenario of GDP, unemployment rate and HPI for the main geographies
SpainMexicoTurkey
DateGDPUnemploymentHPIGDPUnemploymentHPIGDPUnemployment
20214.95 %15.41 %(0.82) %5.58 %4.27 %2.54 %7.29 %12.94 %
20224.88 %15.41 %1.31 %2.33 %4.23 %5.13 %(1.87) %14.26 %
20234.68 %13.25 %1.09 %2.26 %4.10 %3.48 %4.09 %13.99 %
20242.54 %11.65 %0.99 %2.03 %3.99 %2.92 %3.40 %13.41 %
20252.18 %10.62 %0.35 %1.82 %3.90 %4.05 %3.47 %13.31 %
20262.15 %9.61 %(0.01) %1.78 %3.84 %3.93 %3.46 %13.40 %
PeruArgentinaColombia
DateGDPUnemploymentGDPUnemploymentGDPUnemployment
202110.84 %11.43 %5.14 %15.86 %8.43 %15.52 %
2022(0.28) %7.90 %(2.34) %13.33 %2.72 %14.12 %
20232.31 %7.30 %0.85 %11.29 %2.83 %13.79 %
20242.76 %6.98 %1.86 %9.19 %3.29 %12.87 %
20252.34 %6.91 %1.88 %7.83 %3.43 %12.13 %
20262.28 %6.85 %1.83 %7.85 %3.51 %11.71 %
  
Expected loss variation as of december [Table Text Block]
Variation in expected loss is determined both by re-staging (that is: in worse scenarios due to the recognition of lifetime credit losses for additional operations that are transferred to stage 2 from stage 1 where 12 months of losses are valued: or vice versa in improvement scenarios) as well as variations in the collective risk parameters (PD and LGD) of each financial instrument due to the changes defined in the macroeconomic forecasts of the scenario. The variation in the expected loss for the Group and the main portfolios and geographical areas is shown below:
Expected loss variation as of December 31, 2022
BBVA GroupSpainMexicoTurkey
GDPTotal PortfolioRetailCompaniesFixed incomeTotal PortfolioCompaniesRetailTotal PortfolioCompaniesRetailTotal PortfolioCompaniesRetail
- 100 bps22315167311854626736319512
+100 bps(195)(135)(55)(3)(95)(42)(52)(63)(3)(60)(18)(5)(11)
Housing price
- 100 bps1234
+100 bps(1)(22)(3)
Expected loss variation as of December 31, 2021
BBVA GroupSpainMexicoTurkey
GDPTotal PortfolioRetailCompaniesFixed incomeTotal PortfolioCompaniesRetailTotal PortfolioCompaniesRetailTotal PortfolioCompaniesRetail
 - 100 bps2371654639219587236517611
 +100 bps(224)(158)(44)(3)(88)(18)(57)(69)(4)(61)(17)(6)(10)
Housing price
 - 100 bps4545
 +100 bps(4)(53)(5)
    
Maximum credit risk exposure [Table Text Block] BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of December 31, 2022, 2021 and 2020 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to enable compliance with payment obligations. The details are broken down by financial instruments:
Maximum credit risk exposure (Millions of Euros)
NotesDecember
2022		Stage 1Stage 2Stage 3
Financial assets held for trading 70,763
Equity instruments104,404
Debt securities1024,367
Loans and advances1041,993
Non-trading financial assets mandatorily at fair value through profit or loss6,888
Equity instruments116,511
Debt securities11129
Loans and advances11247
Financial assets designated at fair value through profit or loss12913
Derivatives (trading and hedging) 53,101
Financial assets at fair value through other comprehensive income59,100
Equity instruments131,198
Debt securities57,87657,02882226
Loans and advances to credit institutions132626——
Financial assets at amortized cost433,445386,04833,87313,523
Debt securities43,70043,43323730
Loans and advances to central banks4,4204,420——
Loans and advances to credit institutions16,06615,99769
Loans and advances to customers369,260322,19933,56813,493
Total financial assets risk624,210
Total loan commitments and financial guarantees192,568181,4279,9931,147
Loan commitments given33136,920130,4596,283177
Financial guarantees given3316,51115,2141,015281
Other commitments given3339,13735,7532,695689
Total maximum credit exposure816,778
Maximum credit risk exposure (Millions of Euros)
NotesDecember
2021		Stage 1Stage 2Stage 3
Financial assets held for trading 92,560
Equity instruments1015,963
Debt securities1025,790
Loans and advances1050,807
Non-trading financial assets mandatorily at fair value through profit or loss6,086
Equity instruments115,303
Debt securities11128
Loans and advances11655
Financial assets designated at fair value through profit or loss121,092
Derivatives (trading and hedging) 43,687
Financial assets at fair value through other comprehensive income60,495
Equity instruments131,320
Debt securities59,14858,587561—
Loans and advances to credit institutions132727——
Financial assets at amortized cost383,870334,77234,41814,680
Debt securities34,83334,60520522
Loans and advances to central banks5,6875,687——
Loans and advances to credit institutions13,29513,28510—
Loans and advances to customers330,055281,19534,20314,657
Total financial assets risk587,789
Total loan commitments and financial guarantees165,941152,91412,070957
Loan commitments given33119,618112,4946,953171
Financial guarantees given3311,72010,1461,329245
Other commitments given3334,60430,2743,789541
Total maximum credit exposure753,730
Maximum credit risk exposure (Millions of Euros)
NotesDecember
2020
Stage 1Stage 2Stage 3
Financial assets held for trading 65,696
Equity instruments1011,458
Debt securities1023,970
Loans and advances1030,268
Non-trading financial assets mandatorily at fair value through profit or loss5,198
Equity instruments114,133
Debt securities11356
Loans and advances11709
Financial assets designated at fair value through profit or loss121,117
Derivatives (trading and hedging) 46,302
Financial assets at fair value through other comprehensive income69,537
Equity instruments131,100
Debt securities68,40467,995410—
Loans and advances to credit institutions133333——
Financial assets at amortized cost379,857334,55230,60714,698
Debt securities35,78535,759620
Loans and advances to central banks6,2296,229——
Loans and advances to credit institutions14,59114,565206
Loans and advances to customers323,252277,99830,58114,672
Total financial assets risk567,705
Total loan commitments and financial guarantees179,440165,72612,6821,032
Loan commitments given33132,584124,1048,214265
Financial guarantees given3310,6659,2081,168290
Other commitments given3336,19032,4143,300477
Total maximum credit exposure747,145
    
Maximum Credit Risk Exposure, accumulated allowances and carrying amount by geographical location [Table Text Block]
The breakdown by geographical area and stage of the maximum credit risk exposure, the accumulated allowances recorded and the carrying amount of the loans and advances to customers as of December 31, 2022, 2021 and 2020 is shown below:
December 2022 (Millions of Euros)
Gross exposureAccumulated allowancesCarrying amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Spain (1)
214,126187,03719,6217,468(4,860)(518)(759)(3,583)209,266186,51918,8623,885
Mexico74,25266,9715,3421,939(2,496)(955)(475)(1,066)71,75666,0174,866873
Turkey (2)
39,54732,7554,4362,356(2,105)(224)(358)(1,523)37,44332,5314,078833
South America (3)
40,28834,4014,1661,721(1,768)(318)(345)(1,105)38,51934,0833,821615
Others 1,0471,03539(8)——(7)1,0391,03532
Total (4)
369,260322,19933,56813,493(11,237)(2,014)(1,938)(7,284)358,023320,18531,6296,208
Of which: individual(2,164)(21)(604)(1,539)
Of which: collective(9,073)(1,994)(1,334)(5,745)
(1) Spain includes all countries where BBVA, S.A. operates.
(2) Turkey includes all countries in which Garanti BBVA operates.
(3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay.
(4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2022, the remaining balance was €190 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize.
December 2021 (Millions of Euros)
Gross exposureAccumulated allowancesCarrying amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Spain (1)
201,405171,88321,3808,143(5,277)(722)(923)(3,631)196,129171,16120,4574,511
Mexico57,84751,6654,2611,921(2,038)(740)(381)(916)55,80950,9253,8801,005
Turkey (2)
33,47226,4974,1342,841(2,058)(224)(424)(1,410)31,41426,2733,7111,431
South America (3)
36,33530,1664,4251,744(1,736)(277)(362)(1,096)34,59929,8894,062648
Others99698439(8)(1)—(7)98898332
Total (4)
330,055281,19534,20314,657(11,116)(1,964)(2,091)(7,061)318,939279,23132,1127,596
Of which: individual(2,528)(4)(657)(1,867)
Of which: collective(8,587)(1,959)(1,434)(5,194)
(1) Spain includes all countries where BBVA, S.A. operates.
(2) Turkey includes all countries in which Garanti BBVA operates.
(3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay.
(4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2021 the remaining balance was €266 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize.
December 2020 (Millions of Euros)
Gross exposureAccumulated allowancesCarrying amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Spain (1)
195,983171,39716,3878,199(5,679)(753)(849)(4,077)190,304170,64415,5384,122
Mexico52,21146,3734,0711,767(2,211)(685)(442)(1,083)50,00045,6883,628684
Turkey (2)
39,63330,8325,8062,995(2,338)(246)(535)(1,557)37,29530,5865,2721,438
South America (3)
34,49928,4844,3121,703(1,870)(320)(460)(1,090)32,62928,1653,852612
Others92591258(7)(1)—(6)91891142
Total (4)
323,252277,99830,58114,672(12,105)(2,005)(2,287)(7,813)311,147275,99328,2946,860
Of which: individual(2,611)(10)(479)(2,122)
Of which: collective(9,494)(1,995)(1,808)(5,691)
(1) Spain includes all countries where BBVA, S.A. operates.
(2) Turkey includes all countries in which Garanti BBVA operates.
(3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay.
(4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2020 the remaining balance was €363 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize.
    
Maximum credit risk exposure, accumulated allowances and carrying amount by counterparty [Table Text Block]
The breakdown by counterparty of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by stages of loans and advances to customers as of December 31, 2022, 2021 and 2020 is shown below:
December 2022 (Millions of Euros)
Gross exposureAccumulated allowancesNet amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Public administrations20,92220,58230238(30)(8)(11)(11)20,89220,57429127
Other financial corporations12,80212,54823817(37)(15)(12)(10)12,76512,5332266
Non-financial corporations171,006149,57915,0876,340(5,495)(675)(991)(3,829)165,510148,90314,0962,511
Households164,530139,49117,9417,098(5,675)(1,316)(925)(3,434)158,855138,17517,0173,663
Loans and advances to customers369,260322,19933,56813,493(11,237)(2,014)(1,938)(7,284)358,023320,18531,6296,208
December 2021 (Millions of Euros)
Gross exposureAccumulated allowancesNet amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Public administrations19,71919,28736962(37)(13)(5)(19)19,68219,27436443
Other financial corporations9,8269,67213124(23)(8)(6)(9)9,8049,66412515
Non-financial corporations146,797120,14019,3667,290(5,804)(759)(1,306)(3,738)140,993119,38118,0603,552
Households153,714132,09614,3367,281(5,253)(1,184)(773)(3,295)148,461130,91213,5633,986
Loans and advances to customers330,055281,19534,20314,657(11,116)(1,964)(2,091)(7,061)318,939279,23132,1127,596
December 2020 (Millions of Euros)
Gross exposureAccumulated allowancesNet amount
TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3
Public administrations19,43919,16320076(48)(14)(9)(25)19,39119,14919151
Other financial corporations9,8569,7479514(39)(25)(6)(7)9,8179,722887
Non-financial corporations142,547119,89115,1797,477(6,123)(774)(1,110)(4,239)136,424119,11714,0693,238
Households151,410129,19615,1087,106(5,895)(1,192)(1,161)(3,542)145,515128,00513,9463,564
Loans and advances to customers323,252277,99830,58114,672(12,105)(2,005)(2,287)(7,813)311,147275,99328,2946,860
    
Loans and advances breakdown by counterparty and product [Table Text Block]
The breakdown by counterparty and product of loans and advances, net of loss allowances, as well as the gross carrying amount by type of product, classified in different headings of the assets, as of December 31, 2022, 2021 and 2020 is shown below:
December 2022 (Millions of Euros)
Central banksGeneral governmentsCredit institutionsOther financial corporationsNon-financial corporationsHouseholdsTotalGross carrying amount
On demand and short notice—6—3522,8109334,1014,266
Credit card debt—1—32,02916,86518,89819,985
Commercial debtors1,0212437024,5108526,01126,254
Finance leases—195—138,0403228,5718,857
Reverse repurchase loans302—5,251102——5,6555,674
Other term loans3,80219,4384,0097,995126,949139,925302,118311,553
Advances that are not loans2962326,7723,9301,33381113,37413,430
LOANS AND ADVANCES4,40120,89216,05712,765165,670158,943378,728390,019
By secured loans
Of which: mortgage loans collateralized by immovable property297—33723,97095,056119,659122,719
Of which: other collateralized loans4985,3825,0735486,6352,20920,34520,675
By purpose of the loan
Of which: credit for consumption51,34451,34454,718
Of which: lending for house purchase95,24995,24996,716
By subordination
Of which: project finance loans7,9427,9428,530
December 2021 (Millions of Euros)
Central banksGeneral governmentsCredit institutionsOther financial corporationsNon-financial corporationsHouseholdsTotalGross carrying amount
On demand and short notice—6—3212,3394953,1613,345
Credit card debt———11,50412,52314,03014,949
Commercial debtors791—47618,1916619,52419,766
Finance leases—191—147,3883177,9118,256
Reverse repurchase loans1,192—2,78823——4,0044,013
Other term loans4,17418,4404,0045,413110,204134,505276,739286,127
Advances that are not loans3153946,5103,5541,80563013,20813,263
LOANS AND ADVANCES5,68119,82213,3039,804141,431148,536338,577349,719
By secured loans
Of which: mortgage loans collateralized by immovable property324—22021,53194,821116,897119,980
Of which: other collateralized loans1,1801,4132,5343903,5121,95010,97911,335
By purpose of the loan
Of which: credit for consumption42,29442,29445,236
Of which: lending for house purchase95,20995,20996,612
By subordination
Of which: project finance loans8,8638,8639,423
December 2020 (Millions of Euros)
Central banksGeneral governmentsCredit institutionsOther financial corporationsNon-financial corporationsHouseholdsTotalGross carrying amount
On demand and short notice—7—5021,7985282,8353,021
Credit card debt———21,48511,60513,09314,220
Commercial debtors898—31714,2626715,54415,796
Finance leases—197—67,1253227,6508,013
Reverse repurchase loans472—1,914—71—2,4572,463
Other term loans5,69018,1113,9725,799111,141132,603277,317287,467
Advances that are not loans482608,7213,1911,08447313,77713,833
LOANS AND ADVANCES6,20919,47514,6089,817136,966145,598332,672344,813
By secured loans
Of which: mortgage loans collateralized by immovable property372—20922,09194,147116,819120,194
Of which: other collateralized loans472952—3173,7632,0597,5627,776
By purpose of the loan
Of which: credit for consumption39,79939,79943,037
Of which: lending for house purchase94,09894,09895,751
By subordination
Of which: project finance loans10,72110,72111,032
    
Impaired loans and advances at amortized cost covered by collateral [Table Text Block]
The disclosure of impaired loans and advances at amortized cost covered by collateral (see Note 7.2.6), by type of collateral, as of December 31, 2022, 2021 and 2020, is the following:
Impaired loans and advances at amortized cost covered by collateral (Millions of Euros)
Maximum exposure to credit riskOf which secured by collateral
Residential propertiesCommercial propertiesCashOthersFinancial
December 202213,4932,537849352984
December 202114,6572,8751,068533886
December 202014,6782,7177891852575
    
Guarantees Received [Table Text Block]
The value of guarantees received as of December 31, 2022, 2021 and 2020, is the following:
Guarantees received (Millions of Euros)
202220212020
Value of collateral125,963117,362116,900
Of which: guarantees normal risks under special monitoring12,82611,76811,296
Of which: guarantees non-performing risks3,4403,9813,577
Value of other guarantees40,05048,68047,012
Of which: guarantees normal risks under special monitoring4,9637,4044,045
Of which: guarantees non-performing risks984886575
Total value of guarantees received166,013166,042163,912
    
Abridged scale to classify BBVA group outstanding risk [Table Text Block]
The table below shows the abridged scale used to classify the BBVA Group’s outstanding risk as of December 31, 2022:
Internal ratingProbability of default
(basis points)
Reduced List (22 groups)AverageMinimum from >=Maximum
AAA1—2
AA+223
AA334
AA-445
A+556
A869
A-10911
BBB+141117
BBB201724
BBB-312439
BB+513967
BB8867116
BB-150116194
B+255194335
B441335581
B-7855811,061
CCC+1,1911,0611,336
CCC1,5001,3361,684
CCC-1,8901,6842,121
CC+2,3812,1212,673
CC3,0002,6733,367
CC-3,7803,3674,243
    
Probability of default of loans and advances to customers [Table Text Block] The table below outlines the distribution of the gross carrying amount of loans and advances to customers, in percentage terms, of the BBVA Group, based on their probability of default within 12 months used in the calculation of the expected loss under IFRS 9, and their stages, as of December 31, 2022, 2021 and 2020:
Probability of default (basis points)
202220212020
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)
Subject to 12 month ECL (stage 1)
Subject to lifetime ECL (stage 2)
%%%%%%
0 to 25.1—5.8—4.0—
2 to 518.90.315.70.110.20.1
5 to 1116.30.515.20.27.70.1
11 to 3918.20.818.70.626.80.5
39 to 19420.32.319.12.524.02.3
194 to 1,06110.53.012.23.815.13.4
1,061 to 2,1211.20.91.91.51.51.2
> 2,1210.61.10.81.90.62.5
Total91.09.089.410.689.910.1
    
Probability of default of contingent risk and commitments [Table Text Block]
The table below outlines the distribution of the BBVA Group by probability of default within 12 months used in the calculation of the expected loss under IFRS 9, and by stages of the gross carrying amount of contingent risk and commitments, in percentage terms, as of December 31, 2022:
Probability of default (basis points)
2022
Subject to 12 month ECL
 (stage 1)
Subject to lifetime ECL
(stage 2)
%%
0 to 26.30.2
2 to 520.40.2
5 to 1126.90.9
11 to 3919.80.7
39 to 19414.61.1
194 to 1,0616.11.5
1,061 to 2,1210.60.2
> 2,1210.20.4
Total94.85.2
    
Impaired secured loans risks [Table Text Block]
The breakdown of loans and advances within financial assets at amortized cost by counterparties, including their respective gross carrying amount, impaired amount and accumulated impairment as of December 31, 2022, 2021 and 2020 is as follows:
December 2022 (Millions of Euros)
Gross carrying amountImpaired loans and advancesAccumulated impairment Impaired loans and advances as a % of the total
Central banks4,420—(19)— %
General governments20,92238(30)0.2 %
Credit institutions16,066—(35)— %
Other financial corporations12,80217(37)0.1 %
Non-financial corporations171,0066,340(5,495)3.7 %
Agriculture, forestry and fishing4,475153(151)3.4 %
Mining and quarrying5,006179(105)3.6 %
Manufacturing44,583869(794)1.9 %
Electricity, gas, steam and air conditioning supply15,344650(534)4.2 %
Water supply87521(16)2.4 %
Construction8,349784(537)9.4 %
Wholesale and retail trade30,9741,184(945)3.8 %
Transport and storage11,051319(343)2.9 %
Accommodation and food service activities8,003451(329)5.6 %
Information and communications7,498113(47)1.5 %
Financial and insurance activities7,446200(188)2.7 %
Real estate activities11,349718(527)6.3 %
Professional, scientific and technical activities3,948169(151)4.3 %
Administrative and support service activities4,021180(124)4.5 %
Public administration and defense; compulsory social security2688(12)2.9 %
Education55635(29)6.4 %
Human health services and social work activities2,108138(53)6.6 %
Arts, entertainment and recreation92768(79)7.3 %
Other services4,224101(530)2.4 %
Households164,5307,098(5,675)4.3 %
LOANS AND ADVANCES389,74513,493(11,291)3.5 %
December 2021 (Millions of Euros)
Gross carrying amountImpaired loans and advancesAccumulated impairment Impaired loans and advances as a % of the total
Central banks5,687—(6)—  %
General governments19,71962(37)0.3  %
Credit institutions13,295—(19)—  %
Other financial corporations9,82624(23)0.2  %
Non-financial corporations146,7977,290(5,804)5.0  %
Agriculture, forestry and fishing4,077125(154)3.1  %
Mining and quarrying4,889222(130)4.5  %
Manufacturing35,0581,003(867)2.9  %
Electricity, gas, steam and air conditioning supply13,718570(489)4.2  %
Water supply78222(21)2.9  %
Construction8,336894(619)10.7  %
Wholesale and retail trade25,8561,311(1,104)5.1  %
Transport and storage10,310879(400)8.5  %
Accommodation and food service activities7,693470(405)6.1  %
Information and communications6,533117(56)1.8  %
Financial and insurance activities6,216197(181)3.2  %
Real estate activities9,438719(466)7.6  %
Professional, scientific and technical activities3,910185(152)4.7  %
Administrative and support service activities3,046181(132)5.9  %
Public administration and defense, compulsory social security2039(11)4.5  %
Education58243(34)7.4  %
Human health services and social work activities1,88848(41)2.5  %
Arts, entertainment and recreation1,011209(95)20.7  %
Other services3,25084(447)2.6  %
Households153,7147,281(5,253)4.7  %
LOANS AND ADVANCES349,03714,657(11,142)4.2  %
December 2020 (Millions of Euros)
Gross carrying amountImpaired loans and advancesAccumulated impairment Impaired loans and advances as a % of the total
Central banks6,229—(20)—  %
General governments19,43976(48)0.4  %
Credit institutions14,5916(16)—  %
Other financial corporations9,85614(39)0.1  %
Non-financial corporations142,5477,477(6,123)5.2  %
Agriculture, forestry and fishing3,438132(108)3.8  %
Mining and quarrying4,34947(59)1.1  %
Manufacturing33,7711,486(1,129)4.4  %
Electricity, gas, steam and air conditioning supply13,490591(509)4.4  %
Water supply89917(15)1.9  %
Construction10,0191,397(722)13.9  %
Wholesale and retail trade24,5941,456(1,223)5.9  %
Transport and storage8,117489(368)6.0  %
Accommodation and food service activities8,337358(294)4.3  %
Information and communications5,76473(60)1.3  %
Financial and insurance activities5,298123(132)2.3  %
Real estate activities10,025617(494)6.2  %
Professional, scientific and technical activities2,886177(124)6.1  %
Administrative and support service activities3,955142(192)3.6  %
Public administration and defense, compulsory social security1295(4)3.5  %
Education66554(43)8.1  %
Human health services and social work activities1,81267(59)3.7  %
Arts, entertainment and recreation1,13146(65)4.1  %
Other services3,871198(523)5.1  %
Households151,4107,106(5,895)4.7  %
LOANS AND ADVANCES344,07214,678(12,141)4.3  %
    
Changes in impaired financial assets and guarantees given [Table Text Block]
The changes during the years 2022, 2021 and 2020 of impaired financial assets and guarantees given are as follows:
Changes in impaired financial assets and guarantees given (Millions of Euros)
202220212020
Balance at the beginning 15,46715,47816,770
Additions8,0848,5569,533
Decreases (1)
(5,742)(4,555)(5,024)
Net additions2,3424,0014,509
Amounts written-off(2,771)(3,613)(3,603)
Exchange differences and other(517)(399)(968)
Discontinued operations——(1,230)
Balance at the end 14,52115,46715,478
(1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.
    
Changes in impaired financial assets written off from the balance sheet [Table Text Block]
The changes during the years 2022, 2021 and 2020 in financial assets derecognized from the consolidated balance sheet as their recovery is considered unlikely ("write-offs"), is shown below:
Changes in impaired financial assets written-off from the balance sheet (Millions of Euros)
Notes202220212020
Balance at the beginning 21,99022,00126,245
Companies held for sale (1)
——(4,646)
Increase2,8713,7093,440
Decrease:(2,431)(3,605)(2,715)
Re-financing or restructuring(2)(1)(7)
Cash recovery47(390)(423)(339)
Foreclosed assets(25)(17)(479)
Sales (2)
(1,498)(2,437)(1,223)
Debt forgiveness(368)(599)(607)
Time-barred debt and other causes (147)(129)(60)
Net exchange differences165(116)(323)
Balance at the end22,59521,99022,001
(1) The balance of 2020 relates mainly to the Group companies included in the agreement for the sale of the U.S. business to PNC (see Notes 3 and 21).
(2) Includes principal and interest.
    
Changes in gross accounting balances of loans and advances at amortized cost [Table Text Block]
Movements, measured over a 12-month period, in gross accounting balances and accumulated loss allowances during 2022, 2021 and 2020 are recorded on the consolidated balance sheet as of December 31, 2022, 2021 and 2020 in order to cover the estimated impairment or reversal of impairment on loans and advances measured at amortized cost.
Changes in gross accounting balances of loans and advances at amortized cost. Year 2022 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning300,16734,21314,657349,037
Transfers of financial assets:(5,041)3,9141,128—
Transfers from stage 1 to stage 2(12,726)12,726——
Transfers from stage 2 to stage 18,537(8,537)——
Transfers to stage 3(1,941)(1,831)3,773—
Transfers from stage 31,0891,556(2,645)—
Net annual origination of financial assets44,465(4,201)25840,522
Becoming write-offs(63)(35)(2,432)(2,530)
Foreign exchange2,44718(461)2,004
Modifications that do not result in derecognition(2)29113140
Other643(301)231573
Balance at the end342,61633,63613,493389,745
Changes in gross accounting balances of loans and advances at amortized cost. Year 2021 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning298,79330,60114,678344,072
Transfers of financial assets:(10,785)8,6402,145—
Transfers from stage 1 to stage 2(14,482)14,482——
Transfers from stage 2 to stage 14,905(4,905)——
Transfers to stage 3(1,772)(1,945)3,717—
Transfers from stage 35641,009(1,573)—
Net annual origination of financial assets17,876(4,729)1,21714,364
Becoming write-offs(74)(68)(3,095)(3,237)
Foreign exchange(6,054)(1,902)(216)(8,172)
Modifications that do not result in derecognition1871,6421892,018
Other22429(261)(8)
Balance at the end300,16734,21314,657349,037
 Changes in gross accounting balances of loans and advances at amortized cost. Year 2020 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning363,23433,51815,959412,711
Transfers of financial assets:(11,935)8,8073,128—
Transfers from stage 1 to stage 2(15,843)15,843——
Transfers from stage 2 to stage 15,107(5,107)——
Transfers to stage 3(1,701)(2,659)4,359—
Transfers from stage 3502729(1,231)—
Net annual origination of financial assets16,119(827)10215,395
Becoming write-offs(3)(2)(2,944)(2,949)
Foreign exchange(21,472)(2,342)(1,157)(24,970)
Modifications that do not result in derecognition(204)8275111,134
Other(283)(190)270(204)
Discontinued operations(46,664)(9,190)(1,192)(57,045)
Balance at the end298,79330,60114,678344,072
    
Changes in allowances of loans and advances at amortized cost [Table Text Block]
Changes in allowances of loans and advances at amortized cost. Year 2022 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning(1,990)(2,091)(7,061)(11,142)
Transfers of financial assets:6333(1,570)(1,473)
Transfers from stage 1 to stage 2110(397)—(287)
Transfers from stage 2 to stage 1(91)374—283
Transfers to stage 351204(1,917)(1,662)
Transfers from stage 3(7)(148)347193
Net annual origination of allowances(406)(273)(663)(1,342)
Becoming write-offs186301,8902,106
Foreign exchange(87)248—161
Modifications that do not result in derecognition—48(160)(112)
Other16864279511
Balance at the end(2,065)(1,942)(7,284)(11,291)
Changes in allowances of loans and advances at amortized cost. Year 2021 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning(2,037)(2,289)(7,815)(12,141)
Transfers of financial assets:187441(2,521)(1,893)
Transfers from stage 1 to stage 2139(602)—(463)
Transfers from stage 2 to stage 1(60)307—247
Transfers to stage 3111802(2,775)(1,862)
Transfers from stage 3(3)(66)254185
Net annual origination of allowances(563)(57)(314)(933)
Becoming write-offs45562,6942,795
Foreign exchange70(270)719519
Modifications that do not result in derecognition12(79)(122)(189)
Other297106298701
Balance at the end(1,990)(2,091)(7,061)(11,142)
  
Changes in allowances of loans and advances at amortized cost. Year 2020 (Millions of Euros)
Stage 1Stage 2Stage 3Total
Balance at the beginning(2,149)(2,183)(8,094)(12,427)
Transfers of financial assets:184(511)(1,806)(2,133)
Transfers from stage 1 to stage 2156(923)—(766)
Transfers from stage 2 to stage 1(50)253—202
Transfers to stage 381218(1,950)(1,652)
Transfers from stage 3(3)(59)14483
Net annual origination of allowances(872)(795)(1,329)(2,996)
Becoming write-offs——2,5672,568
Foreign exchange2272567211,204
Modifications that do not result in derecognition12(118)(177)(283)
Other16061825803
Discontinued operations4014442781,123
Balance at the end(2,037)(2,289)(7,815)(12,141)
Sensitivity to interest rate and credit spread analysis [Table Text Block]
The table below shows the profile of average structural interest rate risk and credit spread risk of the fixed income portfolio in the banking book classified as Hold to Collect & Sale (HtC&S) in terms of sensitivities of the main currencies for the BBVA Group in 2022:
Sensitivity to interest-rate and credit spread analysis. Year 2022
Interest rate risk Credit spread
Impact on net interest income (1)
Impact on economic value (2)
Impact on economic value (2)
100 basis point increase
100 basis point decrease (3)
100 basis point increase
100 basis point decrease (3)
100 basis point increase
Euro[1.5% , 3.5%][-1.5% , -0.5%][0.5% , 1.5%][-1.5% , -0.5%][-1.5% , -0.5%]
Mexican peso[0.5% , 1.5%][-1.5% , -0.5%][-1.5% , -0.5%][0.5% , 1.5%][-0.5% , 0.5%]
U.S. dollar[0.5% , 1.5%][-1.5% , -0.5%][0.5% , 1.5%][-1.5% , -0.5%][-0.5% , 0.5%]
Turkish lira[-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%]
Other[-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%][-0.5% , 0.5%]
BBVA Group[3.5% , 5.5%][-5.5% , -3.5%][0.5% , 1.5%][-1.5% , -0.5%][-3.5% , -1.5%]
(1) Percentage of "12 months" net interest income for the BBVA Group.
(2) Percentage of CET1 (Fully Loaded) for BBVA Group
(3) In Euro and Pound sterling (included in "Other"), negative interest rates scenarios are allowed up to plausible levels.
    
Sensitivity to one percent of the average rate in the main currencies [Table Text Block]
For the years 2022, 2021 and 2020, the estimated sensitivities of the result attributable to the parent company are shown below, taking into account the coverage, against depreciations and appreciations of 1% of the average rate in the main currencies. To the extent that hedging positions are periodically modulated, the sensitivity estimate attempts to reflect an average (or effective) sensitivity in the year:
Sensitivity to 1% change (Millions of Euros)
Currency202220212020
Mexican peso19.114.04.9
Turkish lira3.54.74.5
Peruvian sol0.70.30.4
Chilean peso0.40.60.3
Colombian peso0.91.11.4
Argentine peso1.90.60.9
    
Hedging instruments affected by Ibor [Table Text Block]
Below is the BBVA Group's exposure to financial assets and liabilities maturing after the transition dates of these IBORs to their corresponding RFRs. The table shows, in the case of loans and advances, asset and liability debt instruments, deposits and commitments, their gross amounts and, in the case of derivatives, their notional value, in each case as of December 31, 2022:
Millions of Euros
Loans & AdvancesDebt Securities AssetsDebt Securities Issued (Liabilities)DepositsDerivatives (notional)
Synthetic LIBOR GBP and JPY76————
LIBOR USD with maturity > June 30, 202316,5391711,977159423,468
Total16,6151711,977159423,468
    
VaR by Risk factor [Table Text Block]
As of December 31, 2022, 2021 and 2020 the VaR was €29 million, €31 million and €28 million, respectively, with the following breakdown:
VaR by Risk Factor (Millions of Euros)
Interest/Spread riskCurrency riskStock-market riskVega/Correlation risk
Diversification effect (1)
Total
2022
VaR average in the year33837(23)27
VaR max in the year3512211(24)36
VaR min in the year2510211(28)19
End of period VaR321375(28)29
2021
VaR average in the year3310211(28)29
VaR max in the year321341(14)36
VaR min in the year279110(25)22
End of period VaR349511(29)31
2020
VaR average in the year2912411(28)27
VaR max in the year39201020(14)39
VaR min in the year20316(39)18
End of period VaR3212211(29)28
(1) The diversification effect is the difference between the sum of the average individual risk factors and the total VaR figure that includes the implied correlation between all the variables and scenarios used in the measurement.
    
Impact of the stress test [Table Text Block]
The impact of the stress test under multivariable simulation of the risk factors of the portfolio based on the expected shortfall (expected shortfall calculated at a 97.5% confidence level, 20 days) as of December 31, 2022 is as follows:
Impact of the stress test (Millions of Euros)
0EuropeMexicoPeruVenezuelaArgentinaColombiaTurkey
Expected shortfall(86)(42)(7)—(8)(4)(22)
    
Effect offsetting for derivatives and securities operation [Table Text Block]
A summary of the effect of offsetting (via netting and collateral) for derivatives and securities operations is presented below as of December 31, 2022, 2021 and 2020:
Effect of offsetting for derivatives and securities operation (Millions of Euros)
Gross amounts not offset in the consolidated balance sheets (D)
NotesGross amounts recognized (A)Gross amounts offset in the consolidated balance sheets (B)Net amount presented in the consolidated balance sheets (C=A-B)Financial instrumentsCash collateral received/ pledgedNet amount (E=C-D)
December 2022
Trading and hedging derivatives10 / 1552,35410,55441,80029,25111,4611,088
Reverse repurchase, securities borrowing and similar agreements47,111—47,11147,217970(1,077)
Total assets99,46510,55488,91176,46812,43111
Trading and hedging derivatives10 / 1551,76710,55441,21331,0639,498651
Repurchase, securities lending and similar agreements54,382—54,38253,439586357
Total liabilities106,14910,55495,59484,50210,0841,008
December 2021
Trading and hedging derivatives10 / 1536,3493,61132,73722,5248,7581,456
Reverse repurchase, securities borrowing and similar agreements54,296—54,29655,0102,213(2,927)
Total assets90,6453,61187,03477,53410,971(1,471)
Trading and hedging derivatives10 / 1537,9163,58434,33122,52410,1191,688
Repurchase, securities lending and similar agreements54,159—54,15958,174679(4,694)
Total liabilities92,0743,58488,49080,69810,798(3,006)
December 2020
Trading and hedging derivatives10 / 1547,8625,68842,17333,8429,018(686)
Reverse repurchase, securities borrowing and similar agreements32,121—32,12132,762161(802)
Total assets79,9835,68874,29466,6049,178(1,488)
Trading and hedging derivatives10 / 1549,7205,72243,99833,8429,435721
Repurchase, securities lending and similar agreements41,571—41,57142,2981,619(2,346)
Total liabilities91,2915,72285,56976,14011,054(1,624)
    
LtSCD by LMU [Table Text Block]
The performance of the indicators show that the funding structure remained steady during 2022, 2021 and 2020, in the sense that all LMU held self-funding levels with stable customer resources above the requirements.
LtSCD by LMU
202220212020
Group (average)96 %95 %95 %
BBVA, S.A.98 %98 %97 %
BBVA Mexico98 %93 %98 %
Garanti BBVA83 %81 %95 %
Other LMU96 %93 %86 %
    
LCR main LMU [Table Text Block]
Although this requirement is only established at a Group level, for banks in the Eurozone, the minimum level required is comfortably exceeded in all subsidiaries. It should be noted that the calculation of the Consolidated LCR does not allow the transfer of liquidity between subsidiaries, so no excess liquidity may be transferred from these entities for the purpose of calculating the consolidated ratio. If the impact of these highly liquid assets was considered, the LCR would be 201%, or 42 basis points above the required level.
LCR main LMU
0202220212020
Group 159 %165 %149 %
BBVA, S.A.186 %190 %173 %
BBVA Mexico199 %245 %196 %
Garanti BBVA185 %211 %183 %
    
Liquidity available by instrument [Table Text Block]
The table below shows the liquidity available by instrument as of December 31, 2022, 2021 and 2020 for the most significant entities based on prudential supervisor’s information (Commission Implementing Regulations (EU) 2017/2114 of November 9, 2017):
Liquidity available by instrument (Millions of Euros)
BBVA, S.A.BBVA MexicoGaranti BBVAOther
202220212020202220212020202220212020202220212020
Cash and withdrawable central bank reserves48,27135,25839,33012,86512,1468,9306,7318,1796,1535,2656,4696,831
Level 1 tradable assets33,08137,27248,85813,97413,8819,2059,1655,5497,0197,8366,0366,237
Level 2A tradable assets3,4505,2345,1194774106——————
Level 2B tradable assets3,4719,4926,080352811———12—
Other tradable assets22,70827,87020,1744673434212857227011,035934745
Non tradable assets eligible for central banks————————————
Cumulated counterbalancing capacity110,981115,127119,56027,38826,47218,67216,18114,44913,87314,13613,44013,814
    
NSFR main LMU [Table Text Block]
The NSFR of BBVA Group and its main LMU at December 31, 2022, 2021 and 2020, was the following:
NSFR main LMU
202220212020 ⁽¹⁾
Group 135 %135 %127 %
BBVA, S.A.125 %126 %121 %
BBVA Mexico143 %149 %138 %
Garanti BBVA166 %162 %154 %
(1) 2020 Ratio calculated based on the Basel requirements.
    
Residual maturities by contractual periods [Table Text Block]
Below is a matrix of residual maturities by contractual periods based on supervisory prudential reporting as of December 31, 2022, 2021 and 2020:
December 2022. Contractual maturities (Millions of Euros)
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
ASSETS
Cash, cash balances at central banks and other demand deposits9,22766,497————————75,724
Deposits in credit entities—3,8703194334344682421836836,040
Deposits in other financial institutions32,1991,0127465163449718165518307,988
Reverse repo, securities borrowing and margin lending—31,0495,7433,3681,4321,1274,5821,3542,40028951,343
Loans and advances9924,62232,00925,62214,82716,76641,04932,51043,82896,201327,534
Securities' portfolio settlement14,0314,1078,2004,3054,74618,4178,74423,30731,480107,338
December 2022. Contractual maturities (Millions of Euros)
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
LIABILITIES
Wholesale funding—1,8414,4341,0503,1482,0176,3189,42313,28218,14559,658
Deposits from financial institutions2,1767,8856288065669464821139639913,899
Deposits from other financial institutions and international agencies7,3925,7601,46546437975870029359472718,532
Customer deposits302,66738,95118,5426,7762,5752,8701,4761,276798273376,203
Security pledge funding—51,63814,54317,7368661,5038,1361,5243,493575100,013
Derivatives, net—(253)24(1,010)(23)17540(153)(466)(3,717)(5,383)
December 2021. Contractual maturities (Millions of Euros)
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
ASSETS
Cash, cash balances at central banks and other demand deposits39,76124,598————————64,359
Deposits in credit entities—3,7814007903732992111668266,056
Deposits in other financial institutions29018015847274326944702614695,343
Reverse repo, securities borrowing and margin lending—33,85611,6112,9451,0631,6922,1882,2391,11873957,451
Loans and advances17418,53123,18522,14111,76913,78239,65630,04944,50894,780298,574
Securities' portfolio settlement101,7793,6063,3952,3333,95818,85413,13517,21447,331111,614
December 2021. Contractual maturities (Millions of Euros)
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
LIABILITIES
Wholesale funding—3,0651,0773,4982,9141,8859,4774,93112,33219,99159,169
Deposits from financial institutions1,9364,2574158251839244961461465799,907
Deposits from other financial institutions and international agencies8,8942,7281,70038228922757823133772216,087
Customer deposits281,81228,80611,8144,8671,7171,5201,740578863416334,132
Security pledge funding—52,4376,8582,4851,5138,25229,9545,5274,7551,490113,269
Derivatives, net(33)(395)(176)(326)(66)(641)100(122)(155)(66)(1,880)
December 2020. Contractual maturities (Millions of Euros) ⁽¹⁾
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
ASSETS
Cash, cash balances at central banks and other demand deposits42,51832,741————————75,258
Deposits in credit entities—3,6166779213564611171202396,309
Deposits in other financial institutions—2,2028557977345431,2517215155008,119
Reverse repo, securities borrowing and margin lending—20,0334,7571,3513643683,3201,8498911,08934,021
Loans and advances27916,93924,28023,01215,57917,03246,18238,85151,709110,173344,036
Securities' portfolio settlement—3,8966,6806,5575,08413,0149,85815,49417,23150,045127,859
(1) It includes the balance of the companies in the United States (see Notes 3 and 21).
December 2020. Contractual maturities (Millions of Euros) ⁽¹⁾
Demand Up to 1 month1 to 3 months3 to 6 months6 to 9 months9 to 12 months1 to 2 years2 to 3 years3 to 5 years Over 5 yearsTotal
LIABILITIES
Wholesale funding—4,7502,6183,9631,2831,54310,5737,50512,79323,83968,868
Deposits from financial institutions8,8387,85925474115272682518916637120,120
Deposits from other financial institutions and international agencies12,7354,3242,69458835327295733745987023,589
Customer deposits308,36039,97813,4166,8084,5264,3663,3611,213869799383,694
Security pledge funding—41,2395,3011,6431,19236811,30428,5103,7401,51694,812
Derivatives, net—(722)15(961)(85)134(400)(157)(264)(159)(2,599)
(1) It includes the balance of the companies in the United States (see Notes 3 and 21)
    
Encumbered and unencumbered asstes [Table Text Block]
As of December 31, 2022, 2021 and 2020, the encumbered (those provided as collateral for certain liabilities) and unencumbered assets are broken down as follows:
Encumbered and unencumbered assets (Millions of Euros)
Encumbered assetsUnencumbered assets
Book value Fair valueBook value Fair value
202220212020202220212020202220212020202220212020
Assets92,916114,336121,999620,257548,548614,260
Equity instruments8193072,1348193072,13411,29322,28014,55611,29322,28014,556
Debt securities33,53331,55729,37932,29129,52726,11293,23889,307100,10893,23889,307100,108
Loans and advances and other assets58,56382,47290,486515,726436,962499,595
    
Collateral pledges received [Table Text Block]
As of December 31, 2022, 2021 and 2020, collateral pledges received mainly due to repurchase agreements and securities lending, and those which could be committed in order to obtain funding are provided below:
Collateral received (Millions of Euros)
Fair value of encumbered collateral received or own debt securities issuedFair value of collateral received or own debt securities issued available for encumbranceFair value of collateral received or own debt securities issued not available for encumbrance
202220212020202220212020202220212020
Collateral received40,70140,90530,7239,41517,0298,6521,2791,7191,071
Equity instruments323289239759265204———
Debt securities40,37840,61630,4848,65616,7648,4481,2791,7191,071
Loans and advances and other assets—————————
Own debt securities issued other than own covered bonds or ABSs——3925094———
    
Sources of encumbrance [Table Text Block]
As of December 31, 2022, 2021 and 2020, financial liabilities issued related to encumbered assets in financial transactions as well as their book value were as follows:
Sources of encumbrance (Millions of Euros)
Matching liabilities, contingent liabilities or securities lentAssets, collateral received and own
debt securities issued other than covered bonds and ABSs encumbered
202220212020202220212020
Book value of financial liabilities122,400137,242131,352128,628151,275147,523
Derivatives15,95015,36816,61116,69915,19116,348
Deposits95,728109,31198,66899,077120,957111,726
Outstanding subordinated debt10,72212,56316,07312,85215,12719,449
Other sources7316206534,9893,9665,202