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Note 14 | 12 Months Ended
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Dec. 31, 2021
Financial Assets At Amortised Cost [Abstract] |
Disclosure of financial assets at amortised cost [Text Block] | Financial assets at amortized costBreakdown of the balance The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the nature of the financial instrument, is as follows:
Financial assets at amortized cost (Millions of Euros)
| Notes | 2021 | 2020 | 2019 |  |  |  |  |  |
Debt securities |  | 34,781 | 35,737 | 38,877 |  |  |  |  |  |
Central banks |  | 15 | — | — |  |  |  |  |  |
Government |  | 32,130 | 28,727 | 31,526 |  |  |  |  |  |
Credit institutions |  | 817 | 783 | 719 |  |  |  |  |  |
Other financial corporations |  | 525 | 5,027 | 5,254 |  |  |  |  |  |
Non-financial corporations |  | 1,295 | 1,200 | 1,379 |  |  |  |  |  |
Loans and advances to central banks |  | 5,681 | 6,209 | 4,275 |  |  |  |  |  |
Loans and advances to credit institutions |  | 13,276 | 14,575 | 13,649 |  |  |  |  |  |
Reverse repurchase agreements |  | 2,788 | 1,914 | 1,817 |  |  |  |  |  |
Other loans and advances |  | 10,488 | 12,661 | 11,832 |  |  |  |  |  |
Loans and advances to customers (*) | 7.2.2 | 318,939 | 311,147 | 382,360 |  |  |  |  |  |
Government |  | 19,682 | 19,391 | 28,222 |  |  |  |  |  |
Other financial corporations |  | 9,804 | 9,817 | 11,207 |  |  |  |  |  |
Non-financial corporations |  | 140,993 | 136,424 | 166,789 |  |  |  |  |  |
Other |  | 148,461 | 145,515 | 176,142 |  |  |  |  |  |
Total | 8.1 | 372,676 | 367,668 | 439,162 |  |  |  |  |  |
Of which: impaired assets of loans and advances to customers | 7.2.2 | 14,657 | 14,672 | 15,954 |  |  |  |  |  |
Of which: loss allowances of loans and advances | 7.2.5 | (11,142) | (12,141) | (12,427) |  |  |  |  |  |
Of which: loss allowances of debt securities |  | (52) | (48) | (52) |  |  |  |  |  |
(*) The variation in 2020 corresponds mainly to the companies in the United States included in the USA Sale (see Notes 1.3, 3 and 21). During financial years 2021, 2020 and 2019, there have been no significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. Debt securitiesThe breakdown of the balance under the heading “Debt securities” in the accompanying consolidated balance sheets, according to the issuer of the debt securities, is as follows:
Financial assets at amortized cost. Debt securities. (Millions of Euros)
| 2021 | 2020 | 2019
| Amortized cost | Unrealized gains | Unrealized losses | Fair value | Amortized cost | Unrealized gains | Unrealized losses | Fair value | Amortized cost | Unrealized gains | Unrealized losses | Fair value
Domestic debt securities |  |  |  |  |  |  |  |  |  |  |  |
Government and other government agencies | 17,693 | 1,326 | (7) | 19,013 | 13,656 | 1,212 | — | 14,868 | 12,755 | 630 | (21) | 13,363
Central banks | — | — | — | — | — | — | — | — | — | — | — | —
Credit institutions | — | — | — | — | — | — | — | — | 26 | — | — | 26
Other issuers | 337 | 10 | (6) | 341 | 4,835 | 59 | (7) | 4,887 | 4,903 | 38 | (10) | 4,931
Subtotal | 18,031 | 1,336 | (13) | 19,353 | 18,492 | 1,271 | (7) | 19,756 | 17,684 | 668 | (31) | 18,320
Foreign debt securities |  |  |  |  |  |  |  |  |  |  |  |
Mexico | 8,464 | 182 | (138) | 8,508 | 7,771 | 534 | (16) | 8,289 | 6,374 | 168 | (18) | 6,525
Government and other government agencies | 7,669 | 170 | (131) | 7,708 | 6,963 | 479 | — | 7,442 | 5,576 | 166 | — | 5,742
Central banks | — | — | — | — | — | — | — | — | — | — | — | —
Credit institutions | 614 | 11 | — | 625 | 632 | 55 | — | 687 | 526 | 2 | — | 529
Other issuers | 181 | 1 | (7) | 175 | 176 | — | (16) | 160 | 272 | — | (18) | 254
The United States | 93 | — | — | 93 | 52 | — | (26) | 26 | 6,125 | 111 | (20) | 6,217
Government and other government agencies | 10 | — | — | 10 | 14 | — | — | 14 | 5,690 | 111 | (18) | 5,783
Central banks | — | — | — | — | — | — | — | — | — | — | — | —
Credit institutions | 26 | — | — | 26 | 23 | — | (16) | 7 | 25 | — | (1) | 25
Other issuers | 57 | — | — | 57 | 15 | — | (10) | 5 | 410 | — | (1) | 409
Turkey | 2,634 | 143 | (95) | 2,682 | 3,628 | 95 | (25) | 3,698 | 4,113 | 48 | (65) | 4,097
Government and other government agencies | 2,628 | 143 | (95) | 2,676 | 3,621 | 95 | (25) | 3,691 | 4,105 | 47 | (65) | 4,088
Central banks | — | — | — | — | — | — | — | — | — | — | — | —
Credit institutions | 5 | — | — | 5 | 6 | — | — | 6 | 7 | 1 | — | 8
Other issuers | — | — | — | — | 1 | — | — | 1 | 1 | — | — | 1
Other countries | 5,559 | 289 | (37) | 5,812 | 5,795 | 505 | (1) | 6,299 | 4,581 | 82 | (26) | 4,637
Other foreign governments and other government agency | 4,144 | 257 | (28) | 4,374 | 4,473 | 467 | (1) | 4,939 | 3,400 | 82 | (22) | 3,459
Central banks | — | — | — | — | — | — | — | — | — | — | — | —
Credit institutions | 171 | — | — | 171 | 122 | — | — | 122 | 135 | — | — | 135
Other issuers | 1,243 | 32 | (9) | 1,267 | 1,200 | 38 | — | 1,238 | 1,047 | — | (4) | 1,043
Subtotal | 16,750 | 614 | (270) | 17,094 | 17,245 | 1,134 | (68) | 18,311 | 21,194 | 409 | (129) | 21,476
Total | 34,781 | 1,950 | (284) | 36,447 | 35,737 | 2,405 | (75) | 38,067 | 38,877 | 1,077 | (160) | 39,796
As of December 31, 2021, 2020 and 2019, the distribution according to the credit quality (ratings) of the issuers of debt securities classified as financial assets at amortized cost, was as follows:
Debt securities by rating
| 2021 | 2020 | 2019
| Carrying amount (Millions of Euros) | % | Carrying amount (Millions of Euros) | % | Carrying amount (Millions of Euros) | %
AAA | 143 | 0.4 | % | 151 | 0.4 | % | 39 | 0.1 | %
AA+ | 77 | 0.2 | % | 74 | 0.2 | % | 6,481 | 16.7 | %
AA | 76 | 0.2 | % | 64 | 0.2 | % | 14 | — | %
AA- | 69 | 0.2 | % | 48 | 0.1 | % | 713 | 1.8 | %
A+ | 62 | 0.2 | % | 42 | — | % | — | — | %
A | 619 | 1.8 | % | 590 | 1.7 | % | 16,806 | 43.2 | %
A- | 16,312 | 46.9 | % | 16,736 | 46.8 | % | 607 | 1.6 | %
BBB+ | 9,336 | 26.8 | % | 7,919 | 22.2 | % | 3,715 | 9.6 | %
BBB | 3,853 | 11.1 | % | 942 | 2.6 | % | 551 | 1.4 | %
BBB- | 527 | 1.5 | % | 4,499 | 12.6 | % | 3,745 | 9.6 | %
BB+ or below | 3,120 | 9.0 | % | 3,928 | 11.0 | % | 5,123 | 13.2 | %
Unclassified | 587 | 1.7 | % | 743 | 2.1 | % | 1,083 | 2.8 | %
Total | 34,781 | 100.0 | % | 35,737 | 100.0 | % | 38,877 | 100.0 | %
Loans and advances to customers The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to their nature, is as follows:
Loans and advances to customers (Millions of Euros) |  |  |  |  |  |
|  | 2021 | 2020 | 2019 |  |  |  |  |  |
On demand and short notice |  | 3,161 | 2,835 | 3,050 |  |  |  |  |  |
Credit card debt |  | 14,030 | 13,093 | 16,354 |  |  |  |  |  |
Trade receivables |  | 19,524 | 15,544 | 17,276 |  |  |  |  |  |
Finance leases |  | 7,911 | 7,650 | 8,711 |  |  |  |  |  |
Reverse repurchase agreements |  | 23 | 71 | 26 |  |  |  |  |  |
Other term loans |  | 268,047 | 267,031 | 332,160 |  |  |  |  |  |
Advances that are not loans |  | 6,243 | 4,924 | 4,784 |  |  |  |  |  |
Total |  | 318,939 | 311,147 | 382,360 |  |  |  |  |  |
The heading “Financial assets at amortized cost – Loans and advances to customers” in the accompanying consolidated balance sheets also includes certain secured loans that, pursuant to the Mortgage Market Act, are linked to long-term mortgage covered bonds. The following table sets forth a breakdown of the gross carrying amount "Loans and advances to customers" with maturity greater than one year by fixed and variable rate as of December 31, 2021, 2020 and 2019:
Loans and advances maturing in more than one year by fixed and variable rate (Millions of Euros)
| 2021 | 2020 | 2019
| Domestic | Foreign | Total | Domestic | Foreign | Total | Domestic | Foreign | Total
Fixed rate | 56,756 | 62,228 | 118,984 | 46,104 | 66,444 | 112,548 | 55,920 | 68,915 | 124,835
Variable rate | 75,544 | 44,237 | 119,781 | 86,710 | 41,452 | 128,162 | 79,329 | 97,765 | 177,095
Total | 132,300 | 106,465 | 238,765 | 132,814 | 107,895 | 240,710 | 135,249 | 166,680 | 301,929
As of December 31, 2021, 2020 and 2019, 50%, 47% and 41%, respectively, of "Loans and advances to customers" with maturity greater than one year have fixed-interest rates and 50%, 53% and 59%, respectively, have variable interest rates. This heading also includes some loans that have been securitized. The balances recognized in the accompanying consolidated balance sheets corresponding to these securitized loans are as follows:
Securitized loans (Millions of Euros)
|  | 2021 | 2020 | 2019
Securitized mortgage assets |  | 23,695 | 23,953 | 26,169
Other securitized assets |  | 6,547 | 6,144 | 4,249
Total |  | 30,242 | 30,098 | 30,418

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