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Note 10 | 12 Months Ended
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Dec. 31, 2022
Financial assets and liabilities held for trading [Abstract] |
Disclosure of financial assets and liabilities held for trading [Text Block] | Financial assets and liabilities held for tradingBreakdown of the balance The breakdown of the balance under these headings in the consolidated balance sheets is as follows:
Financial assets and liabilities held for trading (Millions of Euros)
| Notes | 2022 | 2021 | 2020
ASSETS |  |  |  |
Derivatives (1) |  | 39,908 | 30,933 | 40,183
Equity instruments (2) | 7.2.2 | 4,404 | 15,963 | 11,458
Credit institutions |  | 317 | 816 | 633
Other sectors |  | 4,086 | 15,147 | 10,824
Debt securities | 7.2.2 | 24,367 | 25,790 | 23,970
Issued by central banks |  | 821 | 936 | 1,011
Issued by public administrations |  | 20,703 | 21,946 | 19,942
Issued by financial institutions |  | 1,365 | 1,130 | 1,479
Other debt securities |  | 1,477 | 1,778 | 1,538
Loans and advances | 7.2.2 | 41,993 | 50,807 | 30,268
Loans and advances to central banks |  | 1,632 | 3,467 | 53
Reverse repurchase agreement |  | 1,632 | 3,467 | 53
Loans and advances to credit institutions |  | 25,231 | 31,916 | 18,317
Reverse repurchase agreement (3) |  | 25,201 | 31,901 | 18,310
Loans and advances to customers |  | 15,130 | 15,424 | 11,898
Reverse repurchase agreement |  | 14,832 | 14,916 | 11,295
Total assets | 8.1 | 110,671 | 123,493 | 105,878
LIABILITIES |  |  |  |
Derivatives (1) |  | 37,909 | 31,705 | 41,680
Short positions |  | 13,487 | 15,135 | 12,312
Deposits |  | 44,215 | 44,294 | 30,117
Deposits from central banks |  | 3,950 | 11,248 | 6,277
Repurchase agreement |  | 3,950 | 11,248 | 6,277
Deposits from credit institutions |  | 28,924 | 16,176 | 14,377
Repurchase agreement |  | 28,573 | 15,632 | 14,035
Customer deposits |  | 11,341 | 16,870 | 9,463
Repurchase agreement |  | 11,302 | 16,824 | 9,418
Total liabilities | 8.1 | 95,611 | 91,135 | 84,109
(1) The variation is mainly due to the evolution of exchange rate derivatives at BBVA, S.A. (2) The variation is mainly due to sales at BBVA, S.A. (3) The variation corresponds mainly to the evolution of "Reverse repurchase agreement" of BBVA, S.A. As of December 31, 2022, 2021 and 2020 “Short positions” include €12,544 million, €14,298 million and €11,696 million, respectively, held with general governments. Derivatives The derivatives portfolio arises from the Group’s need to manage the risks it is exposed to in the normal course of business and also to market products amongst the Group’s customers. As of December 31, 2022, 2021 and 2020, trading derivatives were mainly contracted in over-the-counter (OTC) markets, with counterparties, consisting primarily of credit institutions and other financial corporations, and are related to foreign-exchange, interest-rate and equity risk. Below is a breakdown by type of risk and market, of the fair value and notional amounts of derivatives recognized in the consolidated balance sheets, divided into organized and OTC markets:
Derivatives by type of risk and by product or by type of market (Millions of Euros)
| 2022 | 2021 | 2020
| Assets | Liabilities | Notional amount - Total | Assets | Liabilities | Notional amount - Total | Assets | Liabilities | Notional amount - Total
Interest rate | 19,563 | 18,220 | 4,286,531 | 15,782 | 15,615 | 3,902,760 | 26,451 | 26,028 | 3,252,066
OTC | 19,558 | 18,215 | 4,278,249 | 15,774 | 15,610 | 3,884,561 | 26,447 | 26,020 | 3,233,718
Organized market | 5 | 5 | 8,282 | 8 | 5 | 18,199 | 3 | 8 | 18,348
Equity instruments | 3,067 | 3,770 | 76,749 | 2,802 | 4,123 | 72,656 | 2,626 | 4,143 | 72,176
OTC | 1,810 | 2,127 | 52,739 | 775 | 1,930 | 48,695 | 584 | 1,836 | 42,351
Organized market | 1,257 | 1,643 | 24,010 | 2,028 | 2,192 | 23,962 | 2,042 | 2,307 | 29,825
Foreign exchange and gold | 16,971 | 15,528 | 589,705 | 12,104 | 11,471 | 533,395 | 10,952 | 11,216 | 461,898
OTC | 16,954 | 15,505 | 580,850 | 12,090 | 11,445 | 526,590 | 10,942 | 11,216 | 457,180
Organized market | 17 | 23 | 8,855 | 14 | 26 | 6,805 | 10 | — | 4,719
Credit | 299 | 383 | 43,450 | 236 | 490 | 19,937 | 153 | 292 | 23,411
Credit default swap | 293 | 282 | 41,760 | 236 | 254 | 18,121 | 146 | 156 | 21,529
Credit spread option | — | — | — | — | — | — | — | — | —
Total return swap | 7 | 101 | 1,665 | — | 236 | 1,815 | 7 | 136 | 1,882
Other | — | — | 25 | — | — | — | — | — | —
Commodities | 9 | 8 | 60 | 8 | 7 | 149 | 1 | 1 | 26
DERIVATIVES | 39,908 | 37,909 | 4,996,495 | 30,933 | 31,705 | 4,528,897 | 40,183 | 41,680 | 3,809,577
Of which: OTC - credit institutions | 28,385 | 26,454 | 1,205,895 | 21,069 | 22,488 | 1,073,921 | 24,432 | 27,244 | 958,017
Of which: OTC - other financial corporations | 5,745 | 4,493 | 3,587,546 | 3,300 | 3,075 | 3,257,382 | 8,211 | 8,493 | 2,663,978
Of which: OTC - other | 4,501 | 5,290 | 161,882 | 4,514 | 3,919 | 148,629 | 5,484 | 3,627 | 134,690

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