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Trading derivatives | 12 Months Ended
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Dec. 31, 2025
Derivatives [Abstract] |
Trading derivatives | Trading derivatives The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2025, 2024 and 2023 is as follows:
EUR million
| 2025 |  | 2024 |  | 2023
| Notional amount | Market value |  | Notional amount | Market value |  | Notional amount | Market value
Trading derivatives |  |  |  |  |  |  |  |
Interest rate risk |  |  |  |  |  |  |  |
Forward rate agreements | 1,995,070 |  | (32) |  |  | 1,992,413 |  | 13 |  |  | 829,913 |  | 3 |
Interest rate swaps | 6,166,278 |  | 6,324 |  |  | 6,127,812 |  | 6,364 |  |  | 5,381,966 |  | 5,514 |
Options, futures and other derivatives | 470,659 |  | (472) |  |  | 377,285 |  | (297) |  |  | 398,519 |  | (51) |
Credit risk |  |  |  |  |  |  |  |
Credit default swaps | 64,924 |  | (3,135) |  |  | 41,111 |  | (572) |  |  | 22,462 |  | (86) |
Foreign currency risk |  |  |  |  |  |  |  |
Foreign currency purchases and sales | 611,850 |  | 1,282 |  |  | 514,268 |  | 595 |  |  | 471,955 |  | 33 |
Foreign currency options | 160,421 |  | 441 |  |  | 221,159 |  | 528 |  |  | 77,934 |  | 288 |
Currency swaps | 682,350 |  | 2,526 |  |  | 625,765 |  | (838) |  |  | 586,405 |  | (581) |
Securities and commodities derivatives and other | 98,588 |  | (547) |  |  | 78,328 |  | 554 |  |  | 68,664 |  | 619 |
Total | 10,250,140 |  | 6,387 |  |  | 9,978,141 |  | 6,347 |  |  | 7,837,818 |  | 5,739 |

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- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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- Definition n/a + References No definition available. + Details
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