v3.26.1
Subordinated liabilities - Schedule of changes in subordinated liabilities (Details) - Financial liabilities at amortised cost - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial instruments      
Balance at beginning of year € 35,813 € 30,912 € 25,926
Net inclusion of entities in the Group 0 0 (40)
Issuances 2,287 7,001 7,007
Redemptions and repurchases (7,110) (2,572) (1,781)
Exchange differences and other movements (1,703) 472 (200)
Balance at end of year 29,287 35,813 30,912
Net issuances, redemptions and repurchases 4,823    
Interest paid in remuneration of issuances 1,560    
Banco Santander (Brasil) S.A.      
Financial instruments      
Issuances 375 1,338 1,112
Banque Stellantis France      
Financial instruments      
Issuances 0 25 150
Redemptions and repurchases 0 0 (78)
Santander UK Group Holdings plc      
Financial instruments      
Redemptions and repurchases (352) 0 0
Santander Bank Polska S.A.      
Financial instruments      
Redemptions and repurchases 0 (100) 0
Santander UK plc      
Financial instruments      
Redemptions and repurchases 0 0 (702)
Banco Santander, S.A.      
Financial instruments      
Issuances 1,862 5,625 5,610
Redemptions and repurchases € (6,754) € (2,433) € (1,000)