11. Other financial assets and liabilities designated at fair value through profit or loss
The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows:
Download ExcelOther 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.