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Subordinated liabilities (Tables) | 12 Months Ended
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Dec. 31, 2025
Subordinated liabilities [abstract] |
Schedule of subordinated liabilities detail, by currency of issue | The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows:
| EUR million | 2025
| 2025 | 2024 | 2023 | Outstanding issue amount in foreign currency (million) | Annual interest rate (%)
Currency of issue
Euro | 11,402 | 14,999 | 13,684 | 11,402 | 4.55%
US dollar | 9,750 | 13,425 | 11,300 | 11,462 | 6.53%
Brazilian real | 4,354 | 3,600 | 2,518 | 28,117 | 16.30%
Pound sterling | 1,347 | 1,409 | 1,353 | 1,176 | 4.28%
Other currencies | 2,434 | 2,380 | 2,057 |  |
Balance at end of year | 29,287 |  | 35,813 |  | 30,912 |  |  |
Schedule of changes in subordinated liabilities | The movement in the balance of subordinated liabilities in the last three years were as follows:
EUR million
| 2025 | 2024 | 2023
Balance at beginning of year | 35,813 |  | 30,912 |  | 25,926 |
Net inclusion of entities in the Group | — |  | — |  | (40) |
Issuances A | 2,287 |  | 7,001 |  | 7,007 |
Of which: |  |  |
Banco Santander, S.A. | 1,862 |  | 5,625 |  | 5,610 |
Banco Santander (Brasil) S.A. | 375 |  | 1,338 |  | 1,112 |
Banque Stellantis France | — |  | 25 |  | 150 |
Redemptions and repurchases A | (7,110) |  | (2,572) |  | (1,781) |
Of which: |  |  |
Banco Santander, S.A. | (6,754) |  | (2,433) |  | (1,000) |
Santander UK Group Holdings plc | (352) |  | — |  | — |
Santander Bank Polska S.A. | — |  | (100) |  | — |
Santander UK plc | — |  | — |  | (702) |
Banque Stellantis France | — |  | — |  | (78) |
Exchange differences and other movements | (1,703) |  | 472 |  | (200) |
Balance at end of year | 29,287 |  | 35,813 |  | 30,912 |
A. The balance rel ating to issuances, redemptions and repurchases (EUR 4,823 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,560 million), is included in the cash flow from financing activities.

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- Definition Tabular disclosure of the changes in subordinated liabilities. + References No definition available. + Details
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