BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

More documents

Recommendations

Info

on equity (ROE) by each business; and total capital, which determines the additional allocation in terms of subordinate debt and preferred securities. Because of its sensitivity to risk, ERC is an element linked to policies for managing the actual businesses. The procedure provides a harmonized basis for assigning capital to businesses according to the risks incurred and makes it easier to compare returns. The calculation of the CaR combines credit risk, market risk, structural risk associated with the balance sheet equity positions, operational risk, fixed assets and technical risks in the case of insurance companies. These calculations are carried out using internal models that have been defined following the guidelines and requirements established under the Basel II Capital Accord, with economic criteria prevailing over regulatory ones. 34. FINANCIAL GUARANTEES AND DRAWABLE BY THIRD PARTIES The breakdown of the balances of these items as of June 30, 2010, and December 31, 2009 was as follows: Millions of Euros Financial Guarantees and Drawable by Third Parties June December 2010 2009 Contingent Exposures Collateral, bank guarantees and indemnities 27,429 26,266 Rediscounts, endorsements and acceptances 64 45 Rest 8,666 6,874 Total 36,159 33,185 Contingent Commitments Drawable by third parties: 91,710 84,925 Credit institutions 2,120 2,257 Government and other government agency 4,292 4,567 Other resident sectors 30,153 29,604 Non-resident sector 55,145 48,497 Other commitments 6,298 7,398 Total 98,008 92,323 Since a significant portion of these amounts will reach maturity without any payment obligation materializing for the consolidated companies, the aggregate balance of these commitments cannot be considered as an actual future requirement for financing or liquidity to be provided by the Group to third parties. For the six months ended June 30, 2010 and 2009 no issues of debt securities carried out by associate entities, jointly controlled entities (accounted for using the equity method) or non-Group entities have been guaranteed. 35. ASSETS ASSIGNED TO OTHER OWN AND THIRD-PARTY OBLIGATIONS In addition to those mentioned in other notes in the accompanying consolidated financial statements as of June 30, 2010 and December 31, 2009 (see Notes 13 and 26) the assets of consolidated entities that guaranteed their own securities amounted to €92,127 million and €81,231 million, respectively. This amount mainly corresponds to assets allocated as collateral for certain lines of short-term finance assigned to the Group by central banks and to the issue of long-term mortgage-backed securities (Note 23.4) which, pursuant to the Mortgage Market Act, are admitted as third-party collateral. As of June 30, 2010 and December 31, 2009, none of the Group's assets were linked to any additional thirdparty obligations apart from those described in the various notes to these accompanying consolidated financial statements. 110
36. OTHER CONTINGENT ASSETS AND LIABILITIES As of June 30, 2010 and December 31, 2009, there were no significant contingent assets or liabilities registered. 37. PURCHASE AND SALE COMMITMENTS AND FUTURE PAYMENT OBLIGATIONS The breakdown of sale and purchase commitments of the BBVA Group as of June 30, 2010 and December 31, 2009 was as follows: Millions of Euros Purchase and Sale Commitments June December 2010 2009 Financial instruments sold with repurchase commitments 37,010 29,409 Financial instruments purchased with resale commitments 5,846 7,023 Below is a breakdown of the maturity of other future payment obligations (in addition to those described in Note 16.1 for property leases) maturing after June 30, 2010: Millions of Euros Maturity of Future Payment Obligations Up to 1 Year 1 to 3 Years 3 to 5 Years Over 5 Years Total Finance leases - - - - - Operating leases 289 139 89 228 745 Purchase commitments 215 8 - - 223 Technology and systems projects 166 7 - - 173 Other projects 49 1 - - 50 Total 504 147 89 228 968 38. TRANSACTIONS ON BEHALF OF THIRD PARTIES As of June 30, 2010 and December 31, 2009, the details of the most significant items under this heading were as follows: Millions of Euros Transactions on Behalf of Third Parties June December 2010 2009 Financial instruments entrusted by third parties 521,339 530,109 Conditional bills and other securities received for collection 4,407 4,428 Securities received in credit 1,019 489 As of June 30, 2010 and December 31, 2009, off-balance sheet customer funds were as follows: Millions of Euros Off-Balance Sheet Customer Funds by Type June December 2010 2009 Mutual funds 47,452 47,415 Pension funds 72,964 63,189 Customer portfolios 25,018 26,501 Total 145,434 137,105 111
Page 1:
BANCO BILBAO VIZCAYA ARGENTARIA, S.
Page 4 and 5:
27. COMMON STOCK...................
Page 6 and 7:
Translation of consolidated financi
Page 8 and 9:
Millions of Euros LIABILITIES AND E
Page 10 and 11:
Millions of Euros June June Notes 2
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
The BBVA Group ICFR Model is summar
Page 20 and 21:
2.2. ACCOUNTING POLICIES AND VALUAT
Page 22 and 23:
- Other financial instruments The f
Page 24 and 25:
In the case of unsecured transactio
Page 26 and 27:
2.2.2. TRANSFERS AND DERECOGNITION
Page 28 and 29:
The fair value of non-current asset
Page 30 and 31:
2.2.7. BUSINESS COMBINATIONS The re
Page 32 and 33:
insurees, as the case may be, based
Page 34 and 35:
• The discount rate used is deter
Page 36 and 37:
2.2.16. FOREIGN CURRENCY TRANSACTIO
Page 38 and 39:
2.2.22. CONSOLIDATED STATEMENTS OF
Page 40 and 41:
IFRIC 17 - Distributions of non-cas
Page 42 and 43:
The Group’s activity is mainly lo
Page 44 and 45:
Changes in the Group The most signi
Page 46 and 47:
- In the denominator, the average n
Page 48 and 49:
The breakdown of the consolidated n
Page 50 and 51:
Management & Asset Allocation, Risk
Page 52 and 53:
Maximum exposure to credit risk The
Page 54 and 55:
debtors includes mortgages, cash gu
Page 56 and 57:
Policies and procedures for prevent
Page 58 and 59:
December 2009 Less than 6 Months Pa
Page 60 and 61:
7.2 MARKET RISK a) Market Risk Mark
Page 62 and 63: Below are the average interest rate
Page 64 and 65: 7.4. RISK CONCENTRATIONS Below is p
Page 66 and 67: Determining the fair value of finan
Page 68 and 69: Financial Instruments LEVEL 2 Valua
Page 70 and 71: The changes in the six months ended
Page 72 and 73: 10.2. DEBT SECURITIES The breakdown
Page 74 and 75: 11. OTHER FINANCIAL ASSETS DESIGNAT
Page 76 and 77: 12.3. EQUITY INSTRUMENTS The breakd
Page 78 and 79: 13.2. LOANS AND ADVANCES TO CREDIT
Page 80 and 81: Millions of Euros December 2009 Amo
Page 82 and 83: December 2009 Currency Risk Interes
Page 84 and 85: 17.1. ASSOCIATES The following tabl
Page 86 and 87: 17.3. INFORMATION ABOUT ASSOCIATES
Page 88 and 89: The main activity of the Group is c
Page 90 and 91: 21.3 RECONCILIATION The reconciliat
Page 92 and 93: 23. FINANCIAL LIABILITIES AT AMORTI
Page 94 and 95: Millions of Euros December 2009 Dem
Page 96 and 97: The item “Subordinated Liabilitie
Page 98 and 99: The breakdown of the commitments pe
Page 100 and 101: June 30, 2010 and December 31, 2009
Page 102 and 103: Post-employments Benefits in Spain
Page 104 and 105: Post-Employment Actuarial Hypothesi
Page 106 and 107: during which to increase the common
Page 108 and 109: Reserves Assigned to the Consolidat
Page 110 and 111: Millions of Euros Valuation Adjustm
Page 114 and 115: 39. INTEREST, INCOME AND SIMILAR EX
Page 116 and 117: 39.3. AVERAGE RETURN ON INVESTMENTS
Page 118 and 119: 41. SHARE OF PROFIT OR LOSS OF ENTI
Page 120 and 121: 45. OTHER OPERATING INCOME AND EXPE
Page 122 and 123: linked to the movement of the Total
Page 124 and 125: 48. PROVISIONS (NET) The net allowa
Page 126 and 127: The table below breaks down the mai
Page 128 and 129: The amount disposed of the loans gr
Page 130 and 131: BBVA executive team. It is to end o
Page 132 and 133: Commission (CNMV) announced the lif
Page 134 and 135: APPENDIX I. FINANCIAL STATEMENTS OF
Page 136 and 137: Millions of Euros LIABILITIES AND E
Page 142 and 143: Millions of Euros (Continued) June
Page 144 and 145: APPENDIX II. Additional information
Page 152 and 153: APPENDIX III. Additional informatio
Page 154 and 155: APPENDIX V. Changes and notificatio
Page 156 and 157: APPENDIX VI. Fully consolidated sub
Page 158 and 159: APPENDIX VIII. Breakdown of the mos
Page 160 and 161: Outsanding as of June 30, 2010 of S
Page 162 and 163:
APPENDIX IX. Consolidated balance s
Page 164 and 165:
Diluted earnings per share Early re
Page 166 and 167:
Other financial assets/liabilities
Page 168 and 169:
Page 170 and 171:
The explanations of the changes in
Page 172 and 173:
4. SUMMARIZED INTERIM CONSOLIDATED
Page 174 and 175:
Spain and Portugal Millions of Euro
Page 176 and 177:
Mexico Millions of Euros Mexico Jun
Page 178 and 179:
South America Millions of Euros Sou
Page 180 and 181:
The United States Millions of Euros
Page 182 and 183:
Wholesale Banking and Asset Managem
Page 184 and 185:
The changes in the principal headin
Page 186 and 187:
Aggregating Tier I and Tier II, as
show all

BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?