Logotype

financial statements 2015

11. Other financial assets and liabilities designated at fair value through profit or loss

Print this page

The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows:

Excel Download Excel
Other Financial Assets Designated at
Fair Value through Profit or Loss
Millions of euros
2015 2014 2013
ASSETS-


Loans and advances to credit institutions 62 - -
Debt securities 173 737 663
Unit-linked products 163 157 161
Other securities 9 580 503
Equity instruments 2,075 2,024 1,750
Unit-linked products 1,960 1,930 1,689
Other securities 115 94 60
Total Assets 2,311 2,761 2,413
LIABILITIES-


Other financial liabilities 2,649 2,724 2,467
Unit-linked products 2,649 2,724 2,467
Total Liabilities 2,649 2,724 2,467

As of December 31, 2015, 2014 and 2013 the most significant balances within other financial assets and liabilities at fair value through profit and loss related to assets and liabilities linked to insurance products where the policyholder bears the risk ("Unit-Link"). This type of product is sold only in Spain, through BBVA Seguros SA, insurance and reinsurance and BBVA Vida S.A., insurance and reinsurance, and in Mexico through Seguros Bancomer S.A. de CV.

Since the liabilities linked to insurance products in which the policyholder assumes the risk are valued the same way as the assets associated to these insurance products, there is no credit risk component borne by the Group in relation to these liabilities.

Tools