v3.26.1
Consolidated Balance Sheets - EUR (€)
€ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
ASSETS      
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND € 152,281 € 192,208 € 220,342
FINANCIAL ASSETS HELD FOR TRADING 252,318 230,253 176,921
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 7,761 6,130 5,910
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 8,046 7,915 9,773
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 74,612 89,898 83,308
FINANCIAL ASSETS AT AMORTIZED COST 1,202,689 1,203,707 1,191,403
HEDGING DERIVATIVES 3,931 5,672 5,297
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK 50 (704) (788)
INVESTMENTS 7,052 7,277 7,646
Joint venture entities 1,956 2,061 1,964
Associated entities 5,096 5,216 5,682
ASSETS UNDER REINSURANCE CONTRACTS 223 222 237
TANGIBLE ASSETS 27,438 32,087 33,882
Property, plant and equipment 26,416 31,212 32,926
Investment properties 1,022 875 956
INTANGIBLE ASSETS 17,308 19,259 19,871
Goodwill 11,958 13,438 14,017
Other intangible assets 5,350 5,821 5,854
TAX ASSETS 30,076 30,596 31,390
Current tax assets 11,132 11,426 10,623
Deferred tax assets 18,944 19,170 20,767
OTHER ASSETS 8,719 8,559 8,856
Insurance contracts linked to pensions 67 81 93
Inventories 7 6 7
Other 8,645 8,472 8,756
NON-CURRENT ASSETS HELD FOR SALE 75,011 4,002 3,014
TOTAL ASSETS 1,867,515 1,837,081 1,797,062
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 171,546 152,151 122,270
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 42,148 36,360 40,367
FINANCIAL LIABILITIES AT AMORTIZED COST 1,421,184 1,484,322 1,468,703
HEDGING DERIVATIVES 4,248 4,752 7,656
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK 49 (9) 55
LIABILITIES UNDER INSURANCE CONTRACTS 18,737 17,829 17,799
PROVISIONS 8,355 8,407 8,441
TAX LIABILITIES 9,568 9,598 9,932
Current tax liabilities 3,664 3,322 3,846
Deferred tax liabilities 5,904 6,276 6,086
OTHER LIABILITIES 15,937 16,344 17,598
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE 62,995 0 0
TOTAL LIABILITIES 1,754,767 1,729,754 1,692,821
EQUITY      
SHAREHOLDERS´ EQUITY 141,144 135,196 130,443
CAPITAL 7,345 7,576 8,092
Called up paid capital 7,345 7,576 8,092
Unpaid capital which has been called up 0 0 0
SHARE PREMIUM 36,792 40,079 44,373
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL 0 0 720
Equity component of the compound financial instrument 0 0 0
Other equity instruments issued 0 0 720
OTHER EQUITY 273 217 195
ACCUMULATED RETAINED EARNINGS 91,959 82,326 74,114
REVALUATION RESERVES 0 0 0
OTHER RESERVES (7,532) (5,976) (5,751)
Reserves or accumulated losses in joint venture investments 1,643 1,831 1,762
Others (9,175) (7,807) (7,513)
(-) OWN SHARES (96) (68) (1,078)
PROFIT OR LOSS ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT 14,101 12,574 11,076
(-) INTERIM DIVIDENDS (1,698) (1,532) (1,298)
OTHER COMPREHENSIVE INCOME OR LOSS (37,974) (36,595) (35,020)
Items that will not be reclassified to profit or loss (4,121) (4,757) (5,212)
Items that may be reclassified to profit or loss (33,853) (31,838) (29,808)
NON-CONTROLLING INTEREST 9,578 8,726 8,818
Other comprehensive income or loss (1,947) (2,020) (1,559)
Other items 11,525 10,746 10,377
TOTAL EQUITY 112,748 107,327 104,241
TOTAL LIABILITIES AND EQUITY 1,867,515 1,837,081 1,797,062
Loan commitments granted      
EQUITY      
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS 321,234 302,861 279,589
Financial guarantees granted      
EQUITY      
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS 17,449 16,901 15,435
Other commitments granted      
EQUITY      
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS 148,118 134,493 113,273
Post-employment plans      
LIABILITIES      
PROVISIONS 1,656 1,731 2,225
Other long term employee benefits      
LIABILITIES      
PROVISIONS 993 915 880
Taxes and other legal contingencies      
LIABILITIES      
PROVISIONS 2,989 2,717 2,715
Contingent liabilities and commitments      
LIABILITIES      
PROVISIONS 713 710 702
Other provisions      
LIABILITIES      
PROVISIONS 2,004 2,334 1,919
Derivatives      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 51,968 57,753 50,589
Short positions      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 44,015 35,830 26,174
Deposits      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 75,563 58,568 45,507
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 30,440 28,806 34,996
FINANCIAL LIABILITIES AT AMORTIZED COST 1,072,384 1,126,439 1,125,308
Central banks      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 12,385 13,300 7,808
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 3,086 1,774 1,209
FINANCIAL LIABILITIES AT AMORTIZED COST 18,542 24,882 48,782
Credit institutions      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 27,058 26,284 17,862
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 1,424 1,625 1,735
FINANCIAL LIABILITIES AT AMORTIZED COST 74,692 90,012 81,246
Customers      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 36,120 18,984 19,837
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 25,930 25,407 32,052
FINANCIAL LIABILITIES AT AMORTIZED COST 979,150 1,011,545 995,280
Marketable debt securities      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 0 0 0
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 11,686 7,554 5,371
FINANCIAL LIABILITIES AT AMORTIZED COST 312,704 317,967 303,208
Other financial liabilities      
LIABILITIES      
FINANCIAL LIABILITIES HELD FOR TRADING 0 0 0
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 22 0 0
FINANCIAL LIABILITIES AT AMORTIZED COST 36,096 39,916 40,187
For own-use      
ASSETS      
Property, plant and equipment 11,663 12,636 13,408
Leased out under an operating lease      
ASSETS      
Property, plant and equipment 14,753 18,576 19,518
Investment properties 860 749 851
Derivatives      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 58,355 64,100 56,328
Equity instruments      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 22,030 16,636 15,057
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 5,815 4,641 4,068
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 2,281 2,193 1,761
Debt securities      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 98,568 82,646 62,124
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 245 447 860
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 2,894 2,897 3,095
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 58,305 76,558 73,565
FINANCIAL ASSETS AT AMORTIZED COST 140,014 120,949 103,559
Loans and advances      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 73,365 66,871 43,412
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 1,701 1,042 982
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 5,152 5,018 6,678
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 14,026 11,147 7,982
FINANCIAL ASSETS AT AMORTIZED COST 1,062,675 1,082,758 1,087,844
Central banks      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 14,632 12,966 17,717
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 0 0 0
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 0 0 0
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 0 0 0
FINANCIAL ASSETS AT AMORTIZED COST 15,986 16,179 20,082
Credit institutions      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 25,967 27,314 14,061
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 0 0 0
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 413 408 459
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 1,120 363 313
FINANCIAL ASSETS AT AMORTIZED COST 61,513 55,537 57,917
Customers      
ASSETS      
FINANCIAL ASSETS HELD FOR TRADING 32,766 26,591 11,634
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS 1,701 1,042 982
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 4,739 4,610 6,219
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 12,906 10,784 7,669
FINANCIAL ASSETS AT AMORTIZED COST € 985,176 € 1,011,042 € 1,009,845