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

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

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55.1 TRANSACTIONS WITH SIGNIFICANT SHAREHOLDERS<br />

As of June 30, 2010, the balances of transactions with significant shareholders (see Note 27) correspond to<br />

"Customer deposits", at €93 million, “Loans and advances to customers”, at €36 million and “Contingent<br />

exposures”, at €16 million, all of them in normal market conditions.<br />

55.2 TRANSACTIONS WITH THE <strong>BBVA</strong> GROUP<br />

The balances of the main aggregates in the accompanying consolidated balance sheets arising from the<br />

transactions carried out by the Group with associates and jointly controlled companies accounted for using<br />

the equity method (see Note 2.1) were as follows:<br />

Millions of Euros<br />

Balances arising from transactions with Entities of the<br />

Group<br />

June<br />

2010<br />

June<br />

2009<br />

Assets:<br />

Loans and advances to credit institutions 74 21<br />

Loans and advances to customers 486 638<br />

Liabilities:<br />

Deposits from credit institutions 2 1<br />

Customers deposits 91 102<br />

Debt certificates 103 292<br />

Memorandum accounts:<br />

Contingent exposures 37 39<br />

Contingents commitments 330 380<br />

The balances of the main aggregates in the accompanying consolidated income statements resulting from<br />

transactions with associated and jointly controlled entities that consolidated by the equity method were as<br />

follows:<br />

Millions of Euros<br />

Balances of Income Statement arising from transactions<br />

with Entities of the Group<br />

June<br />

2010<br />

June<br />

2009<br />

Income statement:<br />

Financial Revenues 8 8<br />

Financial Expenses 1 4<br />

There are no other material effects in the accompanying consolidated financial statements of the Group<br />

arising from dealings with these companies, other than the effects arising from using the equity method (see<br />

Note 2.1), and from the insurance policies to cover pension or similar commitments (see Note 25).<br />

As of June 30, 2010, the notional amount of the futures transactions arranged by the Group with the main<br />

companies mentioned above amounted to €2,056 million (of which €1,956 million in 2010 correspond to<br />

futures transactions with the CITIC Group).<br />

In addition, as part of its normal activity, the Group has entered into agreements and commitments of various<br />

types with shareholders of subsidiaries and associates, which have no material effects on the accompanying<br />

consolidated financial statements.<br />

55.3 TRANSACTIONS WITH MEMBERS OF THE BOARD OF DIRECTORS <strong>AND</strong> MANAGEMENT<br />

COMMITTEE<br />

The information on the remuneration of members of the Board of Directors of <strong>BBVA</strong> and of the Group’s<br />

Management Committee is included in Note 56.<br />

The amount disposed of the loans granted to members of Board of Directors as of June 30, 2010 and<br />

December 31, 2009 totaled €163 thousand and €806 thousand.<br />

125

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