Related Parties

12 Months Ended

Dec. 31, 2023

Disclosure Of Related Parties [Abstract]

Related Parties

38. Related parties

a) Parent

The Bank’s direct controlling entity is Banco Bilbao Vizcaya Argentaria, S.A.

b) Key Management personnel

Key management personnel are those having the authority and responsibility for planning, managing and controlling the Bank’s activities, whether directly or indirectly.

Based on that definition, the Bank considers the members of the Board of Directors as key management personnel.

b.1) Remuneration of key management personnel

The key personnel of the Board of Directors received the following compensations for the years ended December 31, 2023, 2022 and 2021:

	December 31, 2023		December 31, 2022		December 31, 2021
Fees		260,104		281,622		329,596
Total		260,104		281,622		329,596

b.2) Balances and results arising from transactions with key management personnel

	Balances as of				Results
	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022		December 31, 2021
Loans
Credit cards		37,505		65,429		20,541		13,939		6,552
Overdrafts		—		6		15		50		—
Mortgage loans		1,430		3,288		68,729		51,447		1,426
Deposits		88,640		119,835		26,352		1,149		2,146

Loans are granted on an arm’s length basis. All loans to key management personnel were classified as performing.

b.3) Balances and results arising from transactions with related parties (except key management personnel)

	Balances as of				Results
Parent	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022		December 31, 2021
Cash and other demand deposits		10,922,469		2,136,505		—		—		—
Financial assets pledged as collateral(2)		—		176,508		—		—		—
Other financial assets(2)		113,600		1,640,794		—		—		—
Other liabilities		45,299,560		81,819,668		51,066,746		41,067,033		24,408,155
Derivatives (Liabilities)(1)		—		34,501		189,783		69,054		3,627,971
Off-balance sheet transaction
Securities in custody (3)		861,464,724		574,069,135		—		—		—
Derivative instruments (Notional amount)		—		6,019,082		—		—		—
Guarantees granted (4)		15,741,245		7,187,249		34,032		30,368		47,246
Guarantees received		19,902,455		8,484,843		—		—		—

(1)  The result of the Derivative Instruments (Asset) is disclosed in the Derivative Instruments (Liability) line.

(2)  These operations do not generate results.

(3)  These balances represent the shares in custody of Banco BBVA Argentina SA held by BBVA and BBV América.

(4)  These balances represent commercial guarantees granted.

	Balances as of				Results
Subsidiaries(1) / Associates / Joint Ventures	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022		December 31, 2021
Cash and other demand deposits		—		1,853		—		—		—
Loans and advances		27,549,523		45,444,864		35,920,259		27,958,586		24,270,775
Debt securities at fair value through profit or loss		—		—		—		—		10,547
Derivatives (Assets)		—		92,737		151,227		318,833		—
Other financial assets		438,171		1,331,883		—		—		—
Deposits		14,301,546		5,155,041		4,454,404		932,872		860,510
Other liabilities		1,324,162		72		3,922,886		149		24,912
Financing received		—		499,887		249,280		208,427		—
Fee and commission income		—		—		712,997		825		—
Other operating income (2)		—		—		1,127,598		867,315		429,026
Other administrative expenses		—		—		49,303		—		—
Off-balance sheet transaction
Interest rate swaps (notional amount)		—		4,671,087		—		—		—
Securities in custody		21,277,312		25,117,042		—		—		—
Guarantees received		—		2,245,950		—		—		—
Guarantees granted (3)		280,500		426,046		—		—		—

(1)  The transactions between BBVA and its subsidiaries detailed in the preceding table were eliminated for the purposes of consolidation in the Consolidated Financial Statements as of December 31, 2023.

(2)  Operating leases.

(3)  These balances represent commercial guarantees granted.

Transactions have been agreed upon on an arm’s length basis. All loans to related parties were classified as performing.