Note 22 Memorandum item subordinated liabilities at amortized cost (Details) - EUR (€)
€ in Millions

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Subordinated liabilities at amortized cost [Line Items]

Subordinated deposits

€ 56

€ 35

€ 24

Subordinated certificates

^[1]

19,556

15,832

12,485

€ 14,794

Compound convertible financial instruments

5,638

5,715

4,876

Other non convertible subordinated liabilities

13,918

10,117

7,609

Memorandum item subordinated liabilities at amortised cost

€ 19,612

€ 15,867

€ 12,509

[1]

(1) There were €56, €35 and €24 million of subordinated deposits as of December 31, 2024, 2023 and 2022, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €388, €345 and €313 million in 2024, 2023 and 2022, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.