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Note 15 (Tables) | 12 Months Ended
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Dec. 31, 2023
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 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)
| 2023 | 2022 | 2021
ASSETS |  |  |
Derivatives - Hedge accounting | 1,482 | 1,891 | 1,805
Fair value changes of the hedged items in portfolio hedges of interest rate risk | (97) | (148) | 5
LIABILITIES |  |  |
Derivatives - Hedge accounting | 2,625 | 3,303 | 2,626
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 consolidated balance sheets are as follows:
Derivatives - Hedge accounting. Breakdown by type of risk and type of hedge (Millions of Euros)
| Notes | 2023 | 2022 | 2021
|  | Assets | Liabilities | Assets | Liabilities | Assets | Liabilities
Interest rate |  | 422 | 364 | 656 | 376 | 697 | 322
OTC |  | 422 | 364 | 656 | 376 | 697 | 322
Organized market |  | — | — | — | — | — | —
Equity |  | — | — | — | — | — | —
OTC |  | — | — | — | — | — | —
Organized market |  | — | — | — | — | — | —
Foreign exchange and gold |  | 221 | 31 | 259 | 83 | 463 | 135
OTC |  | 221 | 31 | 259 | 83 | 463 | 135
Organized market |  | — | — | — | — | — | —
Credit |  | — | — | — | — | — | —
Commodities |  | — | — | — | — | — | —
Other |  | — | — |  |  | — | —
FAIR VALUE HEDGES |  | 644 | 395 | 915 | 459 | 1,160 | 457
Interest rate |  | 490 | 2,048 | 470 | 2,763 | 228 | 1,786
OTC |  | 483 | 2,048 | 454 | 2,763 | 226 | 1,786
Organized market |  | 7 | — | 16 |  | 2 | —
Equity |  | — | — | — | — | — | —
Foreign exchange and gold |  | 291 | 41 | 239 | 46 | 180 | 79
OTC |  | 291 | 41 | 239 | 45 | 180 | 79
Organized market |  | — | 1 | — | 1 | — | —
Credit |  | — | — | — | — | — | —
Commodities |  | — | — | — | — | — | —
Other |  | — | — | — | — | — | —
CASH FLOW HEDGES |  | 781 | 2,089 | 708 | 2,809 | 408 | 1,865
HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION |  | 27 | 136 | 213 | 26 | 198 | 196
PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK |  | 3 | 5 | 7 | 8 | 18 | 95
PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK |  | 27 | — | 48 | 1 | 21 | 13
DERIVATIVES-HEDGE ACCOUNTING | 8.1 | 1,482 | 2,625 | 1,891 | 3,303 | 1,805 | 2,626
of which: OTC - credit institutions |  | 1,237 | 2,404 | 1,577 | 2,911 | 1,454 | 2,248
of which: OTC - other financial corporations |  | 237 | 221 | 297 | 391 | 349 | 378
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 amount | Hedge adjustments included in the carrying amount of assets/liabilities ⁽¹⁾ | Remaining adjustments for discontinued micro hedges including hedges of net positions ⁽¹⁾ | Hedged items in portfolio hedge of interest rate risk | Recognized ineffectiveness in profit or loss
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022
ASSETS |  |  |  |  |  |  |  |  |  |
Financial assets measured at fair value through other comprehensive income | 11,308 | 13,667 | (652) | (1,024) | 172 | 2 | — | — | (5) | (45)
Debt securities | 11,308 | 13,667 | (652) | (1,024) | 172 | 2 | — | — |  |
Interest rate | 11,308 | 13,601 | (652) | (1,024) | 172 | 2 | — | — |  |
Foreign exchange and gold | — | — | — | — | — | — | — | — |  |
Other | — | 66 | — | — | — | — | — | — |  |
Loans and advances | — | — | — | — | — | — | — | — |  |
Interest rate | — | — | — | — | — | — | — | — |  |
Foreign exchange and gold | — | — | — | — | — | — | — | — |  |
Other | — | — | — | — | — | — | — | — |  |
Financial assets measured at amortized cost | 3,248 | 4,838 | (114) | (485) | 685 | 13 | 936 | 1,179 | 14 | —
Debt securities | 2,304 | 4,164 | (119) | (397) | 685 | 13 | — | — |  |
Interest rate | 2,304 | 4,164 | (119) | (397) | 685 | 13 | — | — |  |
Foreign exchange and gold | — | — | — | — | — | — | — | — |  |
Loans and advances | 944 | 675 | 5 | (88) | — | — | 936 | 1,179 |  |
Interest rate | 944 | 672 | 5 | (88) | — | — | 936 | 1,179 |  |
Foreign exchange and gold | — | 3 | — | — | — | — |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |  |  |
Financial liabilities measured at amortized costs | 47,180 | 34,898 | 509 | 1,299 | — | — | — | — | (20) | (5)
Debt securities issued | 37,916 | 33,447 | 600 | 1,372 | — | — | — | — |  |
Interest rate | 37,915 | 33,447 | 600 | 1,372 | — | — | — | — |  |
Foreign exchange and gold | 1 | — | — | — | — | — | — | — |  |
Deposits | 9,263 | 1,451 | (91) | (73) | — | — | — | — |  |
Interest rate | 9,258 | 1,446 | (91) | (73) | — | — | — | — |  |
Foreign exchange and gold | 5 | 5 | — | — | — | — | — | — |  |
(1) The balance of discontinued hedges is not significant.
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, 2023:
Calendar of the notional maturities of the hedging instruments (Millions of Euros)
| Up to 3 months | From 3 months to 1 year | From 1 to 5 years | More than 5 years | Total
FAIR VALUE HEDGES | 6,235 | 15,249 | 28,110 | 13,953 | 63,547
Of which: Interest rate | 5,627 | 15,230 | 27,360 | 13,091 | 61,308
CASH FLOW HEDGES | 7,819 | 9,691 | 14,635 | 4,963 | 37,107
Of which: Interest rate | 7,819 | 9,683 | 13,232 | 2,843 | 33,577
HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION | 11,391 | 1,343 | — | — | 12,735
PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK | 250 | 597 | 1,828 | 747 | 3,423
PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK | — | — | 311 | 46 | 358
DERIVATIVES-HEDGE ACCOUNTING | 25,695 | 26,881 | 44,884 | 19,709 | 117,169

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