BANCO BILBAO VIZCAYA ARGENTARIA SA
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed Mar 1, 2024
Contents
33. Commitments and guarantees given
- Commitments and guarantees given
| Commitments and guarantees given (Millions of Euros) | ||||||
|---|---|---|---|---|---|---|
| Notes · 2023 · 2022 · 2021 | ||||||
| Loan commitments given | 7.2.2 | 152,868 | 136,920 | 119,618 | ||
| Of which: impaired | 165 | 177 | 171 | |||
| Central banks | — | — | — | |||
| General governments | 3,115 | 3,031 | 3,483 | |||
| Credit institutions | 15,595 | 15,407 | 16,085 | |||
| Other financial corporations | 7,063 | 5,895 | 4,583 | |||
| Non-financial corporations | 71,303 | 68,120 | 59,475 | |||
| Households | 55,791 | 44,467 | 35,991 | |||
| Financial guarantees given | 7.2.2 | 18,839 | 16,511 | 11,720 | ||
| Of which: impaired (1) | 229 | 281 | 245 | |||
| Central banks | — | — | — | |||
| General governments | 74 | 96 | 162 | |||
| Credit institutions | 978 | 475 | 312 | |||
| Other financial corporations | 2,177 | 1,263 | 1,026 | |||
| Non-financial corporations | 15,460 | 14,541 | 10,039 | |||
| Households | 150 | 135 | 181 | |||
| Other commitments given | 7.2.2 | 42,577 | 39,137 | 34,604 | ||
| Of which: impaired (1) | 636 | 689 | 541 | |||
| Central banks | — | — | 2 | |||
| General governments | 327 | 215 | 212 | |||
| Credit institutions | 3,607 | 4,134 | 4,266 | |||
| Other financial corporations | 1,837 | 1,758 | 1,753 | |||
| Non-financial corporations | 36,681 | 32,858 | 28,224 | |||
| Households | 125 | 171 | 147 | |||
| Total | 7.2.2 | 214,283 | 192,568 | 165,941 | ||
(1) Non-performing financial guarantees given amounted to €865, €970, and €786 million, respectively, as of December 31, 2023, 2022 and 2021.
As of December 31, 2023 and 2022, the provisions for loan commitments, financial guarantees and other commitments given, recorded in the consolidated balance sheet amounted to €277, €190 and €303; and €243 million, €175 million and €353 million, respectively (see Note 24).
Since a significant portion of the amounts above will expire without any payment being made by the consolidated entities, the aggregate balance of these commitments cannot be considered to be the actual future requirement for financing or liquidity to be provided by the BBVA Group to third parties.
In the years 2023, 2022 and 2021, no issuance of debt securities carried out by associates of the BBVA Group, joint venture entities or non-Group entities have been guaranteed,
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