v3.25.2
Other disclosures - Schedule of changes in financial instruments classified as Level 3 (Details) - EUR (€)
€ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period € 1,352  
Purchases/Settlements 285  
Sales/Amortisation (307)  
Changes in fair value recognized in profit or loss 320  
Changes in fair value recognised in equity 0  
Other (96)  
Financial liabilities, at fair value, period ending 1,216  
Level reclassifications (338)  
Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 15,319 € 10,351
Purchases/Settlements 10,583 4,520
Sales/Amortisation (8,056) (3,031)
Changes in fair value recognized in profit or loss 172 132
Changes in fair value recognised in equity (98) (123)
Level reclassifications 216  
Level reclassifications   (551)
Other (1,155) (103)
Financial assets, at fair value, period ending 16,981 11,195
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 1,352 1,227
Purchases/Settlements   557
Sales/Amortisation   (143)
Changes in fair value recognized in profit or loss   (28)
Changes in fair value recognised in equity   0
Other   (43)
Financial liabilities, at fair value, period ending 1,216 1,433
Level reclassifications   (137)
Level 3 | Financial liabilities held for trading    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 934 869
Purchases/Settlements 285 293
Sales/Amortisation (300) (135)
Changes in fair value recognized in profit or loss 315 (46)
Changes in fair value recognised in equity 0 0
Other (97) (13)
Financial liabilities, at fair value, period ending 954 802
Level reclassifications (183) (166)
Level 3 | Financial liabilities held for trading | Credit institutions    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 0  
Purchases/Settlements 26  
Sales/Amortisation 0  
Changes in fair value recognized in profit or loss 0  
Changes in fair value recognised in equity 0  
Other 0  
Financial liabilities, at fair value, period ending 26  
Level reclassifications 0  
Level 3 | Financial liabilities held for trading | Customers    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 0  
Purchases/Settlements 52  
Sales/Amortisation 0  
Changes in fair value recognized in profit or loss 0  
Changes in fair value recognised in equity 0  
Other 0  
Financial liabilities, at fair value, period ending 52  
Level reclassifications 0  
Level 3 | Financial liabilities held for trading | Derivatives    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 934 869
Purchases/Settlements 207 293
Sales/Amortisation (300) (135)
Changes in fair value recognized in profit or loss 315 (46)
Changes in fair value recognised in equity 0 0
Other (97) (13)
Financial liabilities, at fair value, period ending 876 802
Level reclassifications (183) (166)
Level 3 | Financial liabilities held for trading | Swaps    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 479 388
Purchases/Settlements 32 84
Sales/Amortisation (27) (23)
Changes in fair value recognized in profit or loss 37 (52)
Changes in fair value recognised in equity 0 0
Other (31) 0
Financial liabilities, at fair value, period ending 499 304
Level reclassifications   (93)
Level reclassifications 9  
Level 3 | Financial liabilities held for trading | Exchange rate options    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 0 8
Purchases/Settlements 5 0
Sales/Amortisation (2) (1)
Changes in fair value recognized in profit or loss (26) (4)
Changes in fair value recognised in equity 0 0
Other 24 (1)
Financial liabilities, at fair value, period ending 15 0
Level reclassifications   (2)
Level reclassifications 14  
Level 3 | Financial liabilities held for trading | Interest rate options    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 79 139
Purchases/Settlements 2 1
Sales/Amortisation (1) (19)
Changes in fair value recognized in profit or loss 2 7
Changes in fair value recognised in equity 0 0
Other 47 1
Financial liabilities, at fair value, period ending 111 65
Level reclassifications (18) (64)
Level 3 | Financial liabilities held for trading | Index and securities options    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 294 187
Purchases/Settlements 135 1
Sales/Amortisation (122) (17)
Changes in fair value recognized in profit or loss (36) 71
Changes in fair value recognised in equity 0 0
Other (110) (13)
Financial liabilities, at fair value, period ending 155 222
Level reclassifications (6) (7)
Level 3 | Financial liabilities held for trading | Securities and interest rate futures    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 0  
Purchases/Settlements 0  
Sales/Amortisation (19)  
Changes in fair value recognized in profit or loss 29  
Changes in fair value recognised in equity 0  
Other 19  
Financial liabilities, at fair value, period ending 29  
Level reclassifications 0  
Level 3 | Financial liabilities held for trading | Others    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 82 147
Purchases/Settlements 33 207
Sales/Amortisation (129) (75)
Changes in fair value recognized in profit or loss 309 (68)
Changes in fair value recognised in equity 0 0
Other (46) 0
Financial liabilities, at fair value, period ending 67 211
Level reclassifications (182) 0
Level 3 | Hedging derivatives    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 12 6
Purchases/Settlements 0 0
Sales/Amortisation 0 0
Changes in fair value recognized in profit or loss 20 (1)
Changes in fair value recognised in equity 0 0
Other 0 0
Financial liabilities, at fair value, period ending 30 5
Level reclassifications (2) 0
Level 3 | Hedging derivatives | Swaps    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 12 6
Purchases/Settlements 0 0
Sales/Amortisation 0 0
Changes in fair value recognized in profit or loss 20 (2)
Changes in fair value recognised in equity 0 0
Other (1) 0
Financial liabilities, at fair value, period ending 29 4
Level reclassifications (2) 0
Level 3 | Hedging derivatives | Interest rate options    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 0 0
Purchases/Settlements 0 0
Sales/Amortisation 0 0
Changes in fair value recognized in profit or loss 0 1
Changes in fair value recognised in equity 0 0
Other 1 0
Financial liabilities, at fair value, period ending 1 1
Level reclassifications 0 0
Level 3 | Financial liabilities designated at fair value through profit or loss    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 160 29
Purchases/Settlements 0 264
Sales/Amortisation (7) (8)
Changes in fair value recognized in profit or loss 0 38
Changes in fair value recognised in equity 0 0
Other 0 0
Financial liabilities, at fair value, period ending 0 352
Level reclassifications (153)  
Level reclassifications   29
Level 3 | Liabilities under insurance contracts    
Changes in financial instruments, Liabilities    
Financial liabilities, at fair value, beginning period 246 323
Purchases/Settlements 0 0
Sales/Amortisation 0 0
Changes in fair value recognized in profit or loss (15) (19)
Changes in fair value recognised in equity 0 0
Other 1 (30)
Financial liabilities, at fair value, period ending 232 274
Level reclassifications 0 0
Financial assets held for trading | Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 3,930 2,086
Purchases/Settlements 4,092 726
Sales/Amortisation (2,697) (194)
Changes in fair value recognized in profit or loss 64 33
Changes in fair value recognised in equity 0 0
Level reclassifications 129  
Level reclassifications   (566)
Other (41) (42)
Financial assets, at fair value, period ending 5,477 2,043
Financial assets held for trading | Level 3 | Central Banks    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 0  
Purchases/Settlements 437  
Sales/Amortisation 0  
Changes in fair value recognized in profit or loss 31  
Changes in fair value recognised in equity 0  
Level reclassifications 0  
Other 0  
Financial assets, at fair value, period ending 468  
Financial assets held for trading | Level 3 | Credit institutions    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 769  
Purchases/Settlements 44  
Sales/Amortisation (745)  
Changes in fair value recognized in profit or loss 1  
Changes in fair value recognised in equity 0  
Level reclassifications 0  
Other 0  
Financial assets, at fair value, period ending 69  
Financial assets held for trading | Level 3 | Customers    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 1,801  
Purchases/Settlements 3,484  
Sales/Amortisation (1,572)  
Changes in fair value recognized in profit or loss 33  
Changes in fair value recognised in equity 0  
Level reclassifications 99  
Other (2)  
Financial assets, at fair value, period ending 3,843  
Financial assets held for trading | Level 3 | Debt instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 413 914
Purchases/Settlements 47 84
Sales/Amortisation (112) (2)
Changes in fair value recognized in profit or loss (16) (18)
Changes in fair value recognised in equity 0 0
Level reclassifications (77) (428)
Other (43) (16)
Financial assets, at fair value, period ending 212 534
Financial assets held for trading | Level 3 | Equity instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 0 1
Purchases/Settlements 0 0
Sales/Amortisation 0 0
Changes in fair value recognized in profit or loss 0 0
Changes in fair value recognised in equity 0 0
Level reclassifications 0  
Level reclassifications   0
Other 0 0
Financial assets, at fair value, period ending 0 1
Financial assets held for trading | Level 3 | Derivatives    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 947 1,147
Purchases/Settlements 80 367
Sales/Amortisation (268) (168)
Changes in fair value recognized in profit or loss 15 49
Changes in fair value recognised in equity 0 0
Level reclassifications 107  
Level reclassifications   (168)
Other 4 (26)
Financial assets, at fair value, period ending 885 1,201
Financial assets held for trading | Level 3 | Swaps    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 556 577
Purchases/Settlements 64 281
Sales/Amortisation (94) (94)
Changes in fair value recognized in profit or loss (29) (3)
Changes in fair value recognised in equity 0 0
Level reclassifications 19 38
Other 133 0
Financial assets, at fair value, period ending 649 799
Financial assets held for trading | Level 3 | Exchange rate options    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 2 9
Purchases/Settlements 6 0
Sales/Amortisation (1) (1)
Changes in fair value recognized in profit or loss (29) 3
Changes in fair value recognised in equity 0 0
Level reclassifications 7  
Level reclassifications   (2)
Other 30 (1)
Financial assets, at fair value, period ending 15 8
Financial assets held for trading | Level 3 | Interest rate options    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 30 153
Purchases/Settlements 0 0
Sales/Amortisation (5) 0
Changes in fair value recognized in profit or loss 4 (16)
Changes in fair value recognised in equity 0 0
Level reclassifications 21  
Level reclassifications   (107)
Other (8) 0
Financial assets, at fair value, period ending 42 30
Financial assets held for trading | Level 3 | Interest rate futures    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 0  
Purchases/Settlements 0  
Sales/Amortisation (20)  
Changes in fair value recognized in profit or loss 2  
Changes in fair value recognised in equity 0  
Level reclassifications 0  
Other 20  
Financial assets, at fair value, period ending 2  
Financial assets held for trading | Level 3 | Index and securities options    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 241 235
Purchases/Settlements 4 11
Sales/Amortisation (115) (47)
Changes in fair value recognized in profit or loss 41 79
Changes in fair value recognised in equity 0 0
Level reclassifications (8) (66)
Other (107) (16)
Financial assets, at fair value, period ending 56 196
Financial assets held for trading | Level 3 | Others    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 118 173
Purchases/Settlements 6 75
Sales/Amortisation (33) (26)
Changes in fair value recognized in profit or loss 26 (14)
Changes in fair value recognised in equity 0 0
Level reclassifications 68  
Level reclassifications   (31)
Other (64) (9)
Financial assets, at fair value, period ending 121 168
Hedging derivatives | Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 20  
Purchases/Settlements 3  
Sales/Amortisation (5)  
Changes in fair value recognized in profit or loss 7  
Changes in fair value recognised in equity 0  
Level reclassifications 0  
Other (11)  
Financial assets, at fair value, period ending 14  
Hedging derivatives | Level 3 | Swaps    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 20  
Purchases/Settlements 3  
Sales/Amortisation (5)  
Changes in fair value recognized in profit or loss 7  
Changes in fair value recognised in equity 0  
Level reclassifications 0  
Other (11)  
Financial assets, at fair value, period ending 14  
Financial assets at fair value through profit and loss | Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 106 181
Purchases/Settlements 0 593
Sales/Amortisation 0 (126)
Changes in fair value recognized in profit or loss (11) 28
Changes in fair value recognised in equity 0 0
Level reclassifications 0 61
Other (50) (28)
Financial assets, at fair value, period ending 45 709
Financial assets at fair value through profit and loss | Level 3 | Customers    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 20 31
Purchases/Settlements 0 188
Sales/Amortisation 0 (3)
Changes in fair value recognized in profit or loss (3) (8)
Changes in fair value recognised in equity 0 0
Level reclassifications 0  
Level reclassifications   0
Other 0 16
Financial assets, at fair value, period ending 17 224
Financial assets at fair value through profit and loss | Level 3 | Debt instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 86 150
Purchases/Settlements 0 405
Sales/Amortisation 0 (123)
Changes in fair value recognized in profit or loss (8) 36
Changes in fair value recognised in equity 0 0
Level reclassifications 0 61
Other (50) (44)
Financial assets, at fair value, period ending 28 485
Non-trading financial assets mandatorily at fair value through profit or loss | Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 2,588 2,095
Purchases/Settlements 83 167
Sales/Amortisation (436) (189)
Changes in fair value recognized in profit or loss 112 71
Changes in fair value recognised in equity 0 0
Level reclassifications 2  
Level reclassifications   (69)
Other 10 20
Financial assets, at fair value, period ending 2,359 2,095
Non-trading financial assets mandatorily at fair value through profit or loss | Level 3 | Customers    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 505 287
Purchases/Settlements 0 43
Sales/Amortisation (395) (97)
Changes in fair value recognized in profit or loss 0 45
Changes in fair value recognised in equity 0 0
Level reclassifications 0  
Level reclassifications   (140)
Other (28) (6)
Financial assets, at fair value, period ending 82 132
Non-trading financial assets mandatorily at fair value through profit or loss | Level 3 | Debt instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 242 313
Purchases/Settlements 1 5
Sales/Amortisation (4) (73)
Changes in fair value recognized in profit or loss 16 2
Changes in fair value recognised in equity 0 0
Level reclassifications 2  
Level reclassifications   0
Other (25) (3)
Financial assets, at fair value, period ending 232 244
Non-trading financial assets mandatorily at fair value through profit or loss | Level 3 | Equity instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 1,841 1,495
Purchases/Settlements 82 119
Sales/Amortisation (37) (19)
Changes in fair value recognized in profit or loss 96 24
Changes in fair value recognised in equity 0 0
Level reclassifications 0 71
Other 63 29
Financial assets, at fair value, period ending 2,045 1,719
Financial assets at fair value through other comprehensive income | Level 3    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 8,675 5,989
Purchases/Settlements 6,405 3,034
Sales/Amortisation (4,918) (2,522)
Changes in fair value recognized in profit or loss 0 0
Changes in fair value recognised in equity (98) (123)
Level reclassifications 85 23
Other (1,063) (53)
Financial assets, at fair value, period ending 9,086 6,348
Financial assets at fair value through other comprehensive income | Level 3 | Customers    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 7,253 4,938
Purchases/Settlements 5,982 2,845
Sales/Amortisation (4,703) (2,505)
Changes in fair value recognized in profit or loss 0 0
Changes in fair value recognised in equity (72) 20
Level reclassifications 85 16
Other (1,016) 2
Financial assets, at fair value, period ending 7,529 5,316
Financial assets at fair value through other comprehensive income | Level 3 | Debt instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 1,047 559
Purchases/Settlements 423 186
Sales/Amortisation (213) (2)
Changes in fair value recognized in profit or loss 0 0
Changes in fair value recognised in equity (25) (17)
Level reclassifications 0 7
Other 39 (56)
Financial assets, at fair value, period ending 1,271 677
Financial assets at fair value through other comprehensive income | Level 3 | Equity instruments    
Changes in financial instruments, Assets    
Financial assets, at fair value, beginning period 375 492
Purchases/Settlements 0 3
Sales/Amortisation (2) (15)
Changes in fair value recognized in profit or loss 0 0
Changes in fair value recognised in equity (1) (126)
Level reclassifications 0  
Level reclassifications   0
Other (86) 1
Financial assets, at fair value, period ending € 286 € 355