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Note 15 (Tables)
 12 Months Ended
Dec. 31, 2021
Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate risk [Abstract]  
Derivatives Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk [Table Text Block]
The balance of these headings in the accompanying consolidated balance sheets is as follows:
Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Millions of Euros)
202120202019
ASSETS
Derivatives - Hedge accounting1,8051,9911,729
Fair value changes of the hedged items in portfolio hedges of interest rate risk55128
LIABILITIES
Derivatives - Hedge accounting2,6262,3182,233
Fair value changes of the hedged items in portfolio hedges of interest rate risk———
Derivatives Hedge accounting breakdown by type of risk and type of hedge [Table Text Block]
The details of the net positions by hedged risk of the fair value of the hedging derivatives recognized in the accompanying consolidated balance sheets are as follows:
Derivatives - Hedge accounting. Breakdown by type of risk and type of hedge (Millions of Euros)
202120202019
AssetsLiabilitiesAssetsLiabilitiesAssetsLiabilities
Interest rate697322989525920488
OTC 697322989525920488
Organized market ——————
Equity—————3
OTC —————3
Organized market——————
Foreign exchange and gold463135435350420316
OTC463135435350420316
Organized market——————
Credit——————
Commodities——————
Other——————
FAIR VALUE HEDGES1,1604571,4248741,341808
Interest rate2281,7861541,055224850
OTC 2261,7861541,041224839
Organized market2——15—11
Equity——————
Foreign exchange and gold180792255511518
OTC 180792255011518
Organized market———5——
Credit——————
Commodities——————
Other——————
CASH FLOW HEDGES4081,8653791,111339868
HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION19819616613912242
PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK18951817037216
PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK2113323199
DERIVATIVES-HEDGE ACCOUNTING1,8052,6261,9912,3181,7292,233
of which: OTC - credit institutions1,4542,2481,7181,9651,4231,787
of which: OTC - other financial corporations349378273333306426
Hedged items in fair value hedges [Table Text Block]
Below there is a breakdown of the items covered by fair value hedges:
Hedged items in fair value hedges (Millions of Euros)
Carrying amountHedge adjustments included in the carrying amount of assets/liabilitiesRemaining adjustments for discontinued micro hedges including hedges of net positionsHedged items in portfolio hedge of interest rate risk
20212020202120202021202020212020
ASSETS
Financial assets measured at fair value through other comprehensive income20,33328,091(52)(99)1112——
Interest rate20,28528,059
Other4933
Financial assets measured at amortized cost8,27311,177168386531,9972,500
Interest rate8,27011,177
Foreign exchange and gold2—
LIABILITIES
Financial liabilities measured at amortized costs24,56723,546(690)(576)—2——
Interest rate24,56323,543
Foreign exchange and gold53
Calendar of the notional maturities of the hedging instruments [Table Text Block]
The following is the breakdown, by their notional maturities, of the hedging instruments as of December 31, 2021:
Calendar of the notional maturities of the hedging instruments (Millions of Euros)
Up to 3 monthsFrom 3 months to 1 yearFrom 1 to 5 yearsMore than 5 yearsTotal
FAIR VALUE HEDGES2,8208,46728,50613,61553,409
Of which: Interest rate2,8078,36027,23913,61552,021
CASH FLOW HEDGES1953,34636,4104,38144,332
Of which: Interest rate—2,71334,7874,38141,882
HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION2,2412,617——4,857
PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK1756471,2581,1083,187
PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK1714288511321,583
DERIVATIVES-HEDGE ACCOUNTING5,60215,50567,02419,236107,368
Hedges affected by the IBOR reform [Table Text Block]
The nominal amount of the hedging instruments for hedging relationships directly affected by the IBOR reform as of December 31, 2021 is the following:
Hedges affected by the IBOR reform (Millions of Euros)
LIBOR USD LIBOR GBPOtherTotal
Cash flow hedges1,056——1,056
Fair value hedges7,9393895838,910