v3.26.1
Deposits from central banks and credit institutions
 12 Months Ended
Dec. 31, 2025
Deposits From Central Banks And Credit Institutions [Abstract]  
Deposits from central banks and credit institutions Deposits from central banks and credit institutions
The detail, by classification, counterparty, type and currency, of 'Deposits from central banks' and 'Deposits from credit institutions' in the consolidated balance sheets is as follows:
EUR million
202520242023
CENTRAL BANKS
Classification
Financial liabilities held for trading12,385 13,300 7,808 
Financial liabilities designated at fair value through profit or loss3,086 1,774 1,209 
Financial liabilities at amortized cost18,542 24,882 48,782 
34,013 39,956 57,799 
Type
Deposits on demand856 405 117 
Time deposits14,709 18,488 43,853 
Reverse repurchase agreements18,448 21,063 13,829 
34,013 39,956 57,799 
CREDIT INSTITUTIONS
Classification
Financial liabilities held for trading27,058 26,284 17,862 
Financial liabilities designated at fair value through profit or loss1,424 1,625 1,735 
Financial liabilities at amortized cost74,692 90,012 81,246 
103,174 117,921 100,843 
Type
Deposits on demand5,005 6,657 5,468 
Time deposits42,718 54,716 54,402 
Reverse repurchase agreements55,186 56,273 40,689 
Subordinated deposits265 275 284 
103,174 117,921 100,843 
Currency
Euro54,588 53,779 53,921 
Pound sterling13,625 21,853 27,697 
US dollar43,466 57,992 49,447 
Brazilian real6,783 7,459 7,997 
Other currencies18,725 16,794 19,580 
TOTAL137,187 157,877 158,642 
At 31 December 2025 and 2024, no conditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) was outstanding. As of 2023, the balance of such financing amounted to EUR 11,583 million, all corresponding to the TLTRO III financing program.
At 31 December 2025, no expense has been recognized in the consolidated income statement corresponding to TLTRO III (expenses of EUR 158 million and EUR 659 million at 31 December 2024 and 2023, respectively, as a result of the conditions of the financing programme).
Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost