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