v3.26.1
Note 21
6 Months Ended
Jun. 30, 2026
Financial liabilities at amortised cost [Abstract]  
Disclosure of Financial liabilities at amortised cost [Text Block] Financial liabilities at amortized costBreakdown of the balance
The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:
FINANCIAL LIABILITIES AT AMORTIZED COST (MILLIONS OF EUROS)
Notes
 June
2026
December
2025
Deposits596,535556,498
Deposits from central banks
19,291
17,226
Demand deposits
1,521
7
Time deposits and other
14,298
13,774
Repurchase agreements
3,472
3,445
Deposits from credit institutions
44,263
36,771
Demand deposits
6,584
6,764
Time deposits and other
19,671
16,700
Repurchase agreements
18,008
13,307
Customer deposits
532,981
502,501
Demand deposits
370,999
360,682
Time deposits and other
137,207
127,397
Repurchase agreements
24,776
14,422
Debt certificates issued106,15581,842
Other financial liabilities22,33920,258
Total7725,029658,599
Deposits from credit institutions
The breakdown by geographical area (based on the residence of the customer or counterparty) and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:
DEPOSITS FROM CREDIT INSTITUTIONS (MILLIONS OF EUROS)
Demand deposits
Time deposits and others ⁽¹⁾
Repurchase agreements
Total
 June 2026
Spain
1,244
4,276
2,276
7,796
Mexico
1,047
263
538
1,848
Turkey
57
1,070
2
1,129
South America
474
3,052
3,526
Rest of Europe
1,941
4,382
14,260
20,583
Rest of the world
1,823
6,625
931
9,380
Total 6,58719,66818,00844,263
December 2025
Spain
1,039
3,439
197
4,676
Mexico
1,825
964
2,789
Turkey
60
873
271
1,204
South America
636
2,468
259
3,363
Rest of Europe
1,890
3,513
11,707
17,110
Rest of the world
1,315
5,442
874
7,630
Total 6,76416,70013,30736,771
(1) Subordinated deposits are included amounting to €14 million and €104 million as of June 30, 2026 and December 31, 2025, respectively.
Customer deposits
The breakdown by geographical area (based on the residence of the customer or counterparty) and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:
CUSTOMER DEPOSITS (MILLIONS OF EUROS)
Demand deposits
Time deposits and others
Repurchase agreements
Total
 June 2026
Spain
196,230
27,811
15,765
239,805
Mexico
82,778
19,596
3,857
106,230
Turkey
26,735
30,741
426
57,902
South America
37,391
26,159
63,550
Rest of Europe
22,863
25,867
4,729
53,458
Rest of the world
5,003
7,033
12,036
Total 370,999137,20724,776532,981
December 2025
Spain
192,222
23,664
12,786
228,672
Mexico
77,167
17,493
38
94,699
Turkey
27,443
24,794
450
52,687
South America
34,150
22,328
56,478
Rest of Europe
24,758
29,665
1,148
55,571
Rest of the world
4,942
9,452
14,394
Total 360,682127,39714,422502,501
Debt certificates
The breakdown of the balance under this heading, by type of financial instrument and by currency, is as follows:
DEBT CERTIFICATES ISSUED (MILLIONS OF EUROS)
 June
2026
December
2025
In Euros50,79942,070
Promissory bills and notes
6,481
5,379
Non-convertible bonds and debentures
17,211
15,860
Covered bonds
5,642
3,371
Hybrid financial instruments ⁽¹⁾
1,614
1,160
Securitization bonds
4,544
3,203
Wholesale funding
6,949
3,688
Subordinated liabilities
8,358
9,409
Convertible perpetual certificates
2,750
3,750
Other non-convertible subordinated liabilities
5,608
5,659
In foreign currencies55,35639,773
Promissory bills and notes
6,290
2,781
Non-convertible bonds and debentures
18,457
13,302
Covered bonds
101
94
Hybrid financial instruments ⁽¹⁾
10,524
7,914
Wholesale funding
7,205
4,142
Subordinated liabilities
12,778
11,540
Convertible perpetual certificates
3,511
2,553
Other non-convertible subordinated liabilities
9,267
8,986
Total106,15581,842
(1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9.
Other financial liabilities
The breakdown of the balance under this heading in the condensed consolidated balance sheets is as follows:
OTHER FINANCIAL LIABILITIES (MILLIONS OF EUROS)
 June
2026
December
2025
Lease liabilities
1,458
1,463
Creditors for other financial liabilities
5,294
4,597
Collection accounts
6,511
4,450
Creditors for other payment obligations
9,076
9,748
Total22,33920,258