| Disclosure of risk management [Text Block] | Risk managementThe principles and risk management policies, as well as tools and procedures established and implemented in the Group as of June 30, 2023 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2022.Risk factors The BBVA Group has processes in place for identifying risks and analyzing scenarios in order to enable the Group to manage risks in a dynamic and proactive way. The risk identification processes are forward looking to seek the identification of emerging risks and take into account the concerns of both the business areas, which are close to the reality of the different geographical areas, and the corporate areas and senior management. Risks are identified and measured consistently using the methodologies deemed appropriate in each case. Their measurement includes the design and application of scenario analyses and stress testing and considers the controls to which the risks are subjected. As part of this process, a forward projection of the Risk Appetite Framework (hereinafter, "RAF") variables in stress scenarios is conducted in order to identify possible deviations from the established thresholds. If any such deviations are detected, measures are taken to seek to keep the variables within the target risk profile. In this context, there are a number of emerging risks that could affect the evolution of the Group’s business, including the below and those mentioned in Note 7.1 to the consolidated financial statements of the Group for the year ended December 31, 2022: The Group is sensitive to the deterioration of economic conditions or the alteration of the institutional environment of the countries in which it operates, and especially Spain, Mexico and Turkey. Additionally, the Group is exposed to sovereign debt, especially in these geographical areas. The global economy is currently facing a number of extraordinary challenges. The war in Ukraine and the sanctions from and against Russia have led to significant disruption, instability and volatility in global markets, as well as higher inflation and lower economic growth. The economic effects are being felt mainly through higher commodity prices, mainly of energy commodities, despite the moderation observed in the last months. While the Group’s direct exposure to Ukraine and Russia is limited, the war could adversely affect the Group’s business, financial condition and results of operations. Geopolitical and economic risks have also increased lately as a result of trade tensions between the United States and China, Brexit, and the rise of populism, among other factors. Growing tensions may lead, among other things, to a deglobalization of the world economy, an increase in protectionism, a general reduction of international trade in goods and services and a reduction in the integration of financial markets, any of which could materially and adversely affect the Group’s business, financial condition and results of operations. Moreover, the world economy could be vulnerable to other factors such as the aggressive interest rate hikes by central banks due to the high inflationary pressures, which could cause a significant growth slowdown - and, even, a sharp economic recession - as well as episodes of financial stress, such as that recently observed in the banking sector. The central banks of many developed and emerging economies have significantly increased policy rates over the last year and monetary conditions are likely to remain restrictive for a relatively long period of time. The US Federal Reserve (FED) and the European Central Bank (the ECB) have increased their policy interest rates in an aggressive way. Although uncertainty is high, policy rates (refinancing rates in the case of the ECB) may remain high, around 5.50% in the United States and 4.50% in the Eurozone for a relatively long period of time. Furthermore, the reduction of central bank balance sheets in both regions as well as the recent turmoil in the banking sector are expected to contribute to the monetary tightening process. The Group’s results of operations have been affected by the increases in interest rates adopted by central banks in an attempt to tame inflation, contributing to the rise in both interest revenue and interest expenses. In addition, increases in interest rates could adversely affect the Group by reducing the demand for credit, limiting its ability to generate credit for its clients and leading to an increase in the default rate of borrowers and other counterparties. The Group is exposed, among others, to the following general risks with respect to the economic and institutional environment in the countries in which it operates: a deterioration in economic activity in the countries in which it operates, including recession scenarios; more persistent inflationary pressures, which could trigger a more severe tightening of monetary conditions; stagflation due to more intense or prolonged supply crises; changes in exchange rates; an unfavorable evolution of the real estate market; very high oil and gas prices, which could have a negative impact on disposable income levels in areas that are net energy importers, such as Spain or Turkey, to which the Group is particularly exposed; changes in the institutional environment of the countries in which the Group operates, which could give rise to sudden and sharp drops in GDP and/or changes in regulatory or government policy, including in terms of exchange controls and restrictions on the distribution of dividends or the imposition of new taxes or charges; growth in the public debt or in the external deficit could lead to a downward revision of the credit ratings of the sovereign debt and even a possible default or restructuring of such debt; and episodes of volatility in the financial markets, which could cause significant losses for the Group. In particular, in Argentina, overall macroeconomic conditions have continued to deteriorate, increasing the risk of economic and financial turbulence before the presidential elections scheduled for the last quarter of the year. Further, political uncertainty in Spain, where the recent general elections revealed a fragmented political landscape, could have a potential impact on Spain’s economy. Any of these factors may have a significant adverse impact on the Group’s business, financial condition and results of operations. – Risks relating to the political, economic and social conditions in Turkey In May 2022, the Group increased its shareholding stake in Garanti BBVA (Turkey) from 49.85% to 85.97% following the completion of a voluntary takeover bid (see Note 3). There are incipient signs of changes in the economic policy, in general, and monetary policy, in particular, since the general elections held in May 2023, which point to a gradual correction of the current macroeconomic distortions, especially the high external financing needs. Nonetheless, the situation remains unstable, characterized by a strong depreciation of the Turkish lira, high inflation, a significant trade deficit, depletion of the central bank’s foreign reserves and high external financing costs. The recent earthquakes of February 2023 have deepened Turkey's economic struggles. In addition to the vast human losses, the earthquakes and the government response thereto have pressured the inflation as well as the external and tax balances. Continuing unfavorable economic conditions in Turkey may result in a potential deterioration in the purchasing power and creditworthiness of our clients (both individual and corporate). In addition, the low interest rates set by the Turkish central bank in a context of high inflation (despite the recent increase of rates), the policies affecting the banking sector and currency depreciation have affected and may continue to affect the Group’s results. Additionally, certain geopolitical factors, such as the war in Ukraine and other regional conflicts, and internal political developments, generate uncertainty about the evolution of the economy and could trigger scenarios of greater instability. Financial institutions are exposed to a complex and ever-changing regulatory environment defined by governments and regulators. Regulatory activity in recent years has affected multiple areas, including changes in accounting standards; strict regulation of capital, liquidity and remuneration; bank charges (such as the new tax for banks recently implemented in Spain, see Note 36) and taxes on financial transactions; regulations affecting mortgages, banking products and consumers and users; recovery and resolution measures; stress tests; prevention of money laundering and terrorist financing; market abuse; conduct in the financial markets; anti-corruption; and requirements as to the periodic publication of information. Governments, regulatory authorities and other institutions continually make proposals to strengthen the resistance of financial institutions to future crises. Further, there is an increasing focus on the climate-related financial risk management capabilities of banks. Any change in the Group’s business that is necessary to comply with any particular regulations at any given time, especially in Spain, Mexico or Turkey, could lead to a considerable loss of income, limit the Group’s ability to identify business opportunities, affect the valuation of its assets, force the Group to increase its prices and, therefore, reduce the demand for its products, impose additional costs on the Group or otherwise adversely affect its business, financial condition and results of operations. The financial sector is under ever closer scrutiny by regulators, governments and society itself. In the course of activities, situations which might cause relevant reputational damage to the Group could arise and might affect the regular course of its business. New technologies and forms of customer relationships: Developments in the digital world and in information technologies pose significant challenges for financial institutions, entailing threats (new competitors, disintermediation, etc.) but also opportunities (new framework of relations with customers, greater ability to adapt to their needs, new products and distribution channels, etc.). Digital transformation is a priority for the Group as it aims to lead digital banking of the future as one of its objectives. Technological risks and security breaches: The Group is exposed to new threats such as cyber-attacks, theft of internal and customer databases, fraud in payment systems, etc. that require major investments in security from both the technological and human point of view. The Group gives great importance to the active operational and technological risk management and control. Any attack, failure or deficiency in the Group’s systems could, among other things, lead to the misappropriation of funds of the Group’s clients or the Group itself and the unauthorized disclosure, destruction or use of confidential information, as well as prevent the normal operation of the Group and impair its ability to provide services and carry out its internal management. In addition, any attack, failure or deficiency could result in the loss of customers and business opportunities, damage to computers and systems, violation of regulations regarding data protection and/or other regulations, exposure to litigation, fines, sanctions or interventions, loss of confidence in the Group’ s security measures, damage to its reputation, reimbursements and compensation, and additional regulatory compliance expenses and could have a significant adverse impact on the Group’ s business, financial condition and results of operations. Legal risks: The financial sector faces an environment of increasing regulatory and litigious pressure, and thus, the various Group entities are frequently party to individual or collective judicial proceedings (including class actions) resulting from their activity and operations, as well as arbitration proceedings. The Group is also party to government procedures and investigations, such as those carried out by the antitrust authorities in certain countries which, among other things, have in the past and could in the future result in sanctions, as well as lead to claims by customers and others. In addition, the regulatory framework, in the jurisdictions in which the Group operates, is evolving towards a supervisory approach more focused on the opening of sanctioning proceedings while some regulators are focusing their attention on consumer protection and behavioral risk. In Spain and in other jurisdictions where the Group operates, legal and regulatory actions and proceedings against financial institutions, prompted in part by certain judgments in favor of consumers handed down by national and supranational courts (with regards to matters such as credit cards and mortgage loans), have increased significantly in recent years and this trend could continue in the future. Legal and regulatory actions and proceedings faced by other financial institutions in relation to these and other matters, especially if such actions or proceedings result in favorable resolutions for the consumer, could also adversely affect the Group. All of the above may result in a significant increase in operating and compliance costs or even a reduction of revenues, and it is possible that an adverse outcome in any proceedings (depending on the amount thereof, the penalties imposed or the procedural or management costs for the Group) could damage the Group's reputation, generate a knock-on effect or otherwise adversely affect the Group. It is difficult to predict the outcome of legal and regulatory actions and proceedings, both those to which the Group is currently exposed and those that may arise in the future, including actions and proceedings relating to former Group subsidiaries or in respect of which the Group may have indemnification obligations. Any of such outcomes could be significantly adverse to the Group. In addition, a decision in any matter, whether against the Group or against another credit entity facing similar claims as those faced by the Group, could give rise to other claims against the Group. In addition, these actions and proceedings attract resources from the Group and may occupy a great deal of attention on part of the Group's management and employees. As of June 30, 2023, the Group had €686 million in provisions for the proceedings it is facing (included in the line "Provisions for taxes and other legal contingencies" in the consolidated balance sheet) (see Note 23), of which €519 million correspond to legal contingencies and €167 million to tax related matters. However, the uncertainty arising from these proceedings (including those for which no provisions have been made, either because it is not possible to estimate them or for other reasons) makes it impossible to guarantee that the possible losses arising from these proceedings will not exceed, where applicable, the amounts that the Group currently has provisioned and, therefore, could affect the Group's consolidated results in a given period. As a result of the above, legal and regulatory actions and proceedings currently faced by the Group or to which it may become subject in the future or which may otherwise affect the Group, whether individually or in the aggregate, if resolved in whole or in part adversely to the Group's interests, could have a material adverse effect on the Group’s business, financial condition and results of operations. Spanish judicial authorities are investigating the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (Cenyt). Such investigation includes the provision of services by Cenyt to the Bank. On July 29, 2019, the Bank was named as an investigated party (investigado) in a criminal judicial investigation (Preliminary Proceeding No. 96/2017 – Piece No. 9, Central Investigating Court No. 6 of the National High Court) for alleged facts which could be constitutive of bribery, revelation of secrets and corruption. On February 3, 2020, the Bank was notified by the Central Investigating Court No. 6 of the National High Court of the order lifting the secrecy of the proceedings. Certain current and former officers and employees of the Group, as well as former directors, have also been named as investigated parties in connection with this investigation. The Bank has been and continues to be proactively collaborating with the Spanish judicial authorities, including sharing with the courts information obtained in the internal investigation hired by the entity in 2019 to contribute to the clarification of the facts. As of the date of the preparation of the Consolidated Financial Statements, no formal accusation against the Bank has been made. This criminal judicial proceeding is in the pre-trial phase. Therefore, it is not possible at this time to predict the scope or duration of such proceeding or any related proceeding or its or their possible outcomes or implications for the Group, including any fines, damages or harm to the Group’s reputation caused thereby. Since the beginning of the pandemic, the Group offered COVID-19 support measures to its customers in all the geographical areas where it operates, consisting of both deferrals on existing loans and new public-guaranteed lending. Deferral support schemes have expired in all geographical areas. The measures adopted in 2022 which remain in force in 2023, relate to new government-guaranteed loans in Spain and Peru: Spain: – The Official Credit Institute (ICO by its Spanish acronym) published several support programs aimed at the self-employed, small and medium-sized enterprises and companies, through which a guarantee of between 60% and 80% was granted by the ICO (RDL Mar/2020, RDL Nov/2020, RDL 5/2021 and the Code of Good Practices). – In March, 2022, the Council of Ministers agreed to modify the Code of Good Practices to make access conditions to aid more flexible given the difficulties of clients, which are facing sharp increases in costs due to their special exposure to tensions in the prices of energy and other raw materials. – As an additional measure of the Code of Good Practices, the Council of Ministers approved the agreement to establish the possibility of term extensions of ICO financing given to self-employed and companies, after June 30, 2022, after the expiry of the Temporary Framework of state support approved by the European Commission. In addition, in March 2022, the Council of Ministers (RDL 6/2022) approved a line of financing with public guarantees of 70% and 80% of the principal amount for self-employed and enterprises in order to alleviate the liquidity tensions due to increases in energy prices and raw materials, available until December 2023. Finally, on November 23, 2022, the Royal Decree-Law 19/2022, of November 22, was published. It amends the Code of Good Practices, establishes a new Code of Good Practices, regulated by Royal Decree Law 6/2012, easing the impact of interest rates hikes on mortgage loans agreements related to primary residences and provides for other structural measures aiming to ease access to lending. In November 30, 2022, the BBVA Board of Directors agreed the adherence to the new Code of Good Practices with effect from January 1, 2023. As of the date of the preparation of these consolidated financial statements herein, the number and amount of the transactions granted to clients in accordance with the new Code of Good Practices have been low. Peru: – There were public support programs such as Reactiva, Crecer or FAE aimed at companies and micro-enterprises providing a public guarantee ranging from 60% to 98% of the principal amount of loans, depending on the program and the type of company. In accordance with IFRS 7 “Financial Instruments: Disclosures”, the BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of June 30, 2023 and December 31, 2022 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to ensure compliance with payment obligations. The details are broken down by category of financial instruments: Maximum credit risk exposure (Millions of Euros) Notes June Stage 1 Stage 2 Stage 3 Financial assets held for trading 102,376 Equity instruments 9 4,247 Debt securities 9 33,999 Loans and advances 9 64,129 Non-trading financial assets mandatorily at fair value through profit or loss 8,019 Equity instruments 10 7,432 Debt securities 10 313 Loans and advances 10 274 Financial assets designated at fair value through profit or loss 11 1,004 Derivatives (trading and hedging) 60,371 Financial assets at fair value through other comprehensive income 64,115 Equity instruments 12 1,254 Debt securities 62,835 61,981 834 21 Loans and advances to credit institutions 12 26 26 — — Financial assets at amortized cost 450,181 403,998 32,363 13,819 Debt securities 44,868 44,539 296 33 Loans and advances to central banks 6,753 6,753 — — Loans and advances to credit institutions 17,611 17,574 37 — Loans and advances to customers 380,949 335,133 32,030 13,787 Total financial assets risk 686,066 Total loan commitments and financial guarantees 210,578 201,767 7,742 1,069 Loan commitments given 30 155,009 149,846 4,999 164 Financial guarantees given 30 16,007 15,031 743 233 Other commitments given 30 39,561 36,890 1,999 672 Total maximum credit exposure 896,643 Maximum credit risk exposure (Millions of Euros) Notes December Stage 1 Stage 2 Stage 3 Financial assets held for trading 70,763 Equity instruments 9 4,404 Debt securities 9 24,367 Loans and advances 9 41,993 Non-trading financial assets mandatorily at fair value through profit or loss 6,888 Equity instruments 10 6,511 Debt securities 10 129 Loans and advances 10 247 Financial assets designated at fair value through profit or loss 11 913 Derivatives (trading and hedging) 53,101 Financial assets at fair value through other comprehensive income 65,497 Equity instruments 12 1,198 Debt securities 64,273 63,425 822 26 Loans and advances to credit institutions 12 26 26 — — Financial assets at amortized cost 425,803 378,407 33,873 13,523 Debt securities 36,730 36,463 237 30 Loans and advances to central banks 4,420 4,420 — — Loans and advances to credit institutions 16,066 15,997 69 — Loans and advances to customers 368,588 321,528 33,568 13,493 Total financial assets risk 622,965 Total loan commitments and financial guarantees 192,568 181,427 9,993 1,147 Loan commitments given 30 136,920 130,459 6,283 177 Financial guarantees given 30 16,511 15,214 1,015 281 Other commitments given 30 39,137 35,753 2,695 689 Total maximum credit exposure 815,533 The breakdown by geographical area and stage of the maximum credit risk exposure, the accumulated allowances recorded and the carrying amount of the loans and advances to customers at amortized cost as of June 30, 2023 and December 31, 2022 is shown below: June 2023 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain ⁽¹⁾ 212,447 187,043 17,650 7,754 (4,626) (444) (653) (3,529) 207,821 186,599 16,997 4,225 Mexico 86,572 78,237 6,106 2,229 (2,879) (1,138) (586) (1,155) 83,693 77,099 5,520 1,074 Turkey ⁽²⁾ 37,440 31,591 4,013 1,836 (1,767) (165) (401) (1,201) 35,673 31,426 3,612 635 South America ⁽³⁾ 43,446 37,240 4,249 1,958 (1,907) (316) (380) (1,212) 41,539 36,924 3,869 746 Others 1,044 1,022 12 10 (9) — (1) (8) 1,035 1,022 11 2 Total ⁽⁴⁾ 380,949 335,133 32,030 13,787 (11,188) (2,063) (2,020) (7,105) 369,761 333,069 30,010 6,682 Of which: individual (1,796) (14) (545) (1,238) Of which: collective (9,392) (2,050) (1,476) (5,867) (1) Spain includes all the countries where BBVA, S.A. operates. (2) Turkey includes all the countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of June 30, 2023, the remaining balance was €162 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize. December 2022 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain ⁽¹⁾ 214,066 186,977 19,621 7,468 (4,860) (518) (759) (3,583) 209,206 186,459 18,862 3,885 Mexico 73,729 66,448 5,342 1,939 (2,496) (955) (475) (1,066) 71,233 65,494 4,866 873 Turkey ⁽²⁾ 39,547 32,755 4,436 2,356 (2,105) (224) (358) (1,523) 37,443 32,531 4,078 833 South America ⁽³⁾ 40,199 34,312 4,166 1,721 (1,768) (318) (345) (1,105) 38,431 33,994 3,821 615 Others 1,047 1,035 3 9 (8) — — (7) 1,039 1,035 3 2 Total ⁽⁴⁾ 368,588 321,528 33,568 13,493 (11,237) (2,014) (1,938) (7,284) 357,351 319,513 31,629 6,208 Of which: individual (2,164) (21) (604) (1,539) Of which: collective (9,073) (1,994) (1,334) (5,745) (1) Spain includes all the countries where BBVA, S.A. operates. (2) Turkey includes all the countries in which Garanti BBVA operates. (3) In South America, the BBVA Group operates in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2022, the remaining balance was €190 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize. The breakdown by counterparty and product of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by type of product, classified in different headings of the assets as of June 30, 2023 and December 31, 2022 is shown below: June 2023 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 250 1,939 869 3,064 3,198 Credit card debt — 1 — 3 2,025 19,418 21,447 22,807 Commercial debtors 1,046 60 620 21,111 47 22,884 23,060 Finance leases — 243 — 13 8,524 312 9,091 9,338 Reverse repurchase loans 664 — 7,200 102 — — 7,966 7,989 Other term loans 3,483 21,376 4,330 8,494 131,254 146,383 315,320 324,562 Advances that are not loans 2,586 1,065 6,013 3,339 1,256 341 14,600 14,659 LOANS AND ADVANCES 6,734 23,736 17,603 12,821 166,109 167,369 394,371 405,613 By secured loans Of which: mortgage loans collateralized by immovable property 301 — 316 24,475 95,758 120,851 123,747 Of which: other collateralized loans 630 6,117 6,738 504 9,898 2,517 26,403 26,757 By purpose of the loan Of which: credit for consumption 56,629 56,629 60,568 Of which: lending for house purchase 96,389 96,389 97,853 By subordination Of which: project finance loans 7,607 7,607 8,215 December 2022 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 352 2,810 933 4,101 4,266 Credit card debt — 1 — 3 2,029 16,865 18,898 19,985 Commercial debtors 1,021 24 370 24,510 85 26,011 26,254 Finance leases — 195 — 13 8,040 322 8,571 8,857 Reverse repurchase loans 302 — 5,251 102 — — 5,655 5,674 Other term loans 3,802 19,438 4,009 7,995 126,949 139,925 302,118 311,553 Advances that are not loans 296 232 6,772 3,930 1,256 217 12,702 12,758 LOANS AND ADVANCES 4,401 20,892 16,057 12,765 165,593 158,348 378,056 389,347 By secured loans Of which: mortgage loans collateralized by immovable property 297 — 337 23,970 95,056 119,659 122,719 Of which: other collateralized loans 498 5,382 5,073 548 6,635 2,209 20,345 20,675 By purpose of the loan Of which: credit for consumption 51,344 51,344 54,718 Of which: lending for house purchase 95,249 95,249 96,716 By subordination Of which: project finance loans 7,942 7,942 8,530 The value of guarantees received as of June 30, 2023 and December 31, 2022, is as follows: Guarantees received (Millions of Euros) June December Value of collateral 131,494 125,963 Of which: guarantees normal risks under special monitoring 12,138 12,826 Of which: guarantees impaired risks 3,696 3,440 Value of other guarantees 52,586 40,050 Of which: guarantees normal risks under special monitoring 4,683 4,963 Of which: guarantees impaired risks 1,086 984 Total value of guarantees received 184,081 166,013 The breakdown of loans and advances, within the heading “Financial assets at amortized cost”, including their gross carrying amount, impaired loans and advances, and accumulated impairment, by counterparties as of June 30, 2023 and December 31, 2022, is as follows: June 2023 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 6,753 — (19) — % General governments 23,760 31 (25) 0.1 % Credit institutions 17,611 — (34) — % Other financial corporations 12,851 14 (30) 0.1 % Non-financial corporations 170,722 5,679 (4,783) 3.3 % Households 173,615 8,063 (6,350) 4.6 % LOANS AND ADVANCES 405,313 13,787 (11,241) 3.4 % December 2022 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 4,420 — (19) — % General governments 20,922 38 (30) 0.2 % Credit institutions 16,066 — (35) — % Other financial corporations 12,802 17 (37) 0.1 % Non-financial corporations 170,929 6,340 (5,495) 3.7 % Households 163,936 7,098 (5,675) 4.3 % LOANS AND ADVANCES 389,073 13,493 (11,291) 3.5 % The changes during the six months ended June 30, 2023, and the year ended December 31, 2022 of impaired financial assets (financial assets and guarantees given) are as follows: Changes in impaired financial assets and guarantees given (Millions of Euros) June December Balance at the beginning 14,521 15,467 Additions 5,132 8,084 Decreases ⁽¹⁾ (2,886) (5,742) Net additions 2,247 2,342 Amounts written-off (1,958) (2,771) Exchange differences and other (64) (517) Balance at the end 14,746 14,521 (1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment. As of June 30, 2023, the models for calculating expected losses used by the Group to prepare the attached Consolidated Financial Statements do not differ significantly from those detailed in Note 7 to the consolidated financial statements of the Group for the year ended December 31, 2022, except for the application of the new scenarios derived from the macroeconomic and geopolitical situation in the first half of 2023. BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following estimates for the next five years of the Gross Domestic Product (GDP) growth, of the unemployment rate and of the House Price Index (HPI), for the most relevant countries where it represents a significant factor, are determined by BBVA Research and have been used at the time of the calculation of the ECL as of June 30, 2023: Positive scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2023 3.04% 11.03% (0.77)% 3.28% 2.77% 6.27% 8.42% 8.89% 2024 2.59% 10.12% 1.00% 2.40% 3.53% 6.13% 4.37% 9.74% 2025 2.94% 8.86% 2.21% 2.37% 3.40% 4.14% 3.91% 10.94% 2026 2.84% 7.63% 2.21% 2.17% 3.47% 1.55% 3.82% 11.27% 2027 2.52% 6.75% 2.27% 2.05% 3.54% 0.88% 3.75% 11.30% 2028 2.24% 6.09% 1.93% 1.98% 3.41% 1.92% 3.66% 11.32% Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2023 4.22% 6.94% 1.30% 7.43% 2.55% 10.57% 2024 4.44% 6.54% 0.90% 9.43% 2.36% 11.10% 2025 2.64% 6.48% 2.69% 9.41% 2.34% 11.29 |
