v3.26.1
Fair value of financial instruments - Schedule of fair values of financial assets and liabilities (Details) - EUR (€)
€ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Measurement of financial assets and liabilities and recognition of fair value changes      
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
Hedging derivatives (assets) 3,931 5,672 5,297
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
Hedging derivatives (liabilities) 4,248 4,752 7,656
Liabilities under insurance contracts 18,737 17,829 17,799
Level 1      
Measurement of financial assets and liabilities and recognition of fair value changes      
Financial assets held for trading 106,560 88,147 67,842
Non-trading financial assets mandatorily at fair value through profit or loss 2,407 2,037 1,765
Financial assets designated at fair value through profit or loss 2,860 2,744 2,746
Financial assets at fair value through other comprehensive income 52,589 67,680 64,631
Financial liabilities held for trading 37,192 29,974 20,298
Financial liabilities designated at fair value through profit or loss 0 0 25
Internal Models (level 2 and 3)      
Measurement of financial assets and liabilities and recognition of fair value changes      
Financial assets held for trading 145,758 142,106 109,079
Non-trading financial assets mandatorily at fair value through profit or loss 5,354 4,093 4,145
Financial assets designated at fair value through profit or loss 5,186 5,171 7,027
Financial assets at fair value through other comprehensive income 22,023 22,218 18,677
Hedging derivatives (assets) 3,931 5,672 5,297
Financial liabilities held for trading 134,354 122,177 101,972
Financial liabilities designated at fair value through profit or loss 42,148 36,360 40,342
Hedging derivatives (liabilities) 4,248 4,752 7,656
Liabilities under insurance contracts € 18,737 € 17,829 € 17,799