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Note 8 Fair value of financial instruments by levels (Details) - EUR (€)
€ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
 [1]
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading € 108,948 € 141,042 € 110,671
Derivative financial assets held for trading 36,003 34,293 39,908
Equity instruments held at fair value through profit or loss, classified as held for trading 6,760 4,589 4,404
Debt instruments held for trading 27,955 28,569 24,367
Loans and advances at fair value through profit or loss, classified as held for trading 38,230 73,590 41,993
Financial assets at fair value through profit or loss, mandatorily measured at fair value 10,546 8,737 6,888
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 9,782 7,963 6,511
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 407 484 129
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 358 290 247
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 836 955 913
Debt securities at fair value through profit or loss 836 955 913
Financial assets at fair value through other comprehensive income 59,002 62,205 65,374
Investments in equity instruments designated at fair value through other comprehensive income 1,451 1,217 1,198
Debt securities at fair value through other comprehensive income [2] 57,526 60,963 64,150 [3]
Loans and advances to credit institutions at fair value through other comprehensive income 25 26 26
Derivative financial assets held for hedging 1,158 1,482 1,891
Financial liabilities at fair value through profit or loss that meet definition of held for trading 86,591 121,715 95,611
Derivative financial liabilities held for trading 33,059 33,045 37,909
Short positions held for trading 13,878 15,735 13,487
Deposits at fair value through profit or loss that meet definition of held for trading 39,654 72,935 44,215
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 14,952 13,299 10,580
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 934 717 700
Debt securities at fair value through profit or loss 4,597 3,977 3,288
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 9,420 8,605 6,592
Derivative financial liabilities held for hedging 2,503 2,625 3,303
Level 1 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 26,332 21,972 22,710
Derivative financial assets held for trading 969 144 795
Equity instruments held at fair value through profit or loss, classified as held for trading 6,602 4,494 4,369
Debt instruments held for trading 18,762 17,333 16,284
Loans and advances at fair value through profit or loss, classified as held for trading 0 0 1,262
Financial assets at fair value through profit or loss, mandatorily measured at fair value 8,511 7,028 5,720
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 8,309 6,742 5,457
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 202 286 19
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 0 0 245
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 774 908 913
Debt securities at fair value through profit or loss 774 908 913
Financial assets at fair value through other comprehensive income 50,354 52,987 53,248
Investments in equity instruments designated at fair value through other comprehensive income 1,157 1,026 1,040
Debt securities at fair value through other comprehensive income 49,173 51,961 52,182
Loans and advances to credit institutions at fair value through other comprehensive income 25 0 26
Derivative financial assets held for hedging 0 0 4
Financial liabilities at fair value through profit or loss that meet definition of held for trading 14,308 14,133 20,611
Derivative financial liabilities held for trading 1,118 191 746
Short positions held for trading 13,189 13,942 13,354
Deposits at fair value through profit or loss that meet definition of held for trading 0 0 6,511
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 0 0 0
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Derivative financial liabilities held for hedging 0 0 100
Level 2 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 80,323 116,905 85,636
Derivative financial assets held for trading 34,591 33,880 38,140
Equity instruments held at fair value through profit or loss, classified as held for trading 76 24 0
Debt instruments held for trading 8,438 11,081 7,934
Loans and advances at fair value through profit or loss, classified as held for trading 37,218 71,921 39,562
Financial assets at fair value through profit or loss, mandatorily measured at fair value 617 493 151
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 107 72 40
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 173 132 111
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 336 288 0
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 62 47 0
Debt securities at fair value through profit or loss 62 47 0
Financial assets at fair value through other comprehensive income 7,515 8,335 11,537
Investments in equity instruments designated at fair value through other comprehensive income 79 52 58
Debt securities at fair value through other comprehensive income 7,436 8,258 11,479
Loans and advances to credit institutions at fair value through other comprehensive income 0 26 0
Derivative financial assets held for hedging 1,158 1,482 1,887
Financial liabilities at fair value through profit or loss that meet definition of held for trading 71,072 106,382 73,871
Derivative financial liabilities held for trading 31,400 32,111 36,161
Short positions held for trading 673 1,750 133
Deposits at fair value through profit or loss that meet definition of held for trading 38,999 72,520 37,577
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 12,865 11,073 8,990
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 934 717 700
Debt securities at fair value through profit or loss 2,511 1,751 1,698
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 9,420 8,605 6,592
Derivative financial liabilities held for hedging 2,480 2,586 3,179
Level 3 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 2,292 2,165 2,325
Derivative financial assets held for trading 443 269 974
Equity instruments held at fair value through profit or loss, classified as held for trading 83 71 34
Debt instruments held for trading 756 155 148
Loans and advances at fair value through profit or loss, classified as held for trading 1,011 1,669 1,169
Financial assets at fair value through profit or loss, mandatorily measured at fair value 1,418 1,216 1,017
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 1,365 1,148 1,014
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 31 66 0
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 21 2 3
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 0 0 0
Financial assets at fair value through other comprehensive income 1,133 883 589
Investments in equity instruments designated at fair value through other comprehensive income 216 139 100
Debt securities at fair value through other comprehensive income 917 745 489
Loans and advances to credit institutions at fair value through other comprehensive income 0 0 0
Derivative financial assets held for hedging 0 0 0
Financial liabilities at fair value through profit or loss that meet definition of held for trading 1,211 1,201 1,129
Derivative financial liabilities held for trading 541 743 1,002
Short positions held for trading 15 44 0
Deposits at fair value through profit or loss that meet definition of held for trading 656 415 127
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 2,087 2,227 1,590
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 2,087 2,227 1,590
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Derivative financial liabilities held for hedging € 23 € 39 € 25
[1]
(1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
[2] (1) During financial years 2024 and 2023, there have been no significant reclassifications from the heading “Financial assets at fair value through other comprehensive income” to other headings or from other headings to “Financial assets at fair value through other comprehensive income”. In 2022, it includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 in 2022 (see Note 1.3).
[3] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3)