v3.25.4
Note 8 Fair value of financial instruments by levels (Details) - EUR (€)
€ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading € 123,185 € 108,948 € 141,042
Derivative financial assets held for trading 32,551 36,003 34,293
Equity instruments held at fair value through profit or loss, classified as held for trading 9,901 6,760 4,589
Debt instruments held for trading 30,846 27,955 28,569
Loans and advances at fair value through profit or loss, classified as held for trading 49,887 38,230 73,590
Financial assets at fair value through profit or loss, mandatorily measured at fair value 11,272 10,546 8,737
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 10,539 9,782 7,963
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 192 407 484
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 541 358 290
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 1,006 836 955
Debt securities at fair value through profit or loss 1,006 836 955
Financial assets at fair value through other comprehensive income [1] 58,809 59,002 62,205
Investments in equity instruments designated at fair value through other comprehensive income 1,360 1,451 1,217
Debt securities at fair value through other comprehensive income 57,001 57,526 60,963
Loans and advances measured at fair value through other comprehensive income 448 25 26
Derivative financial assets held for hedging 570 1,158 1,482
Financial liabilities at fair value through profit or loss that meet definition of held for trading 91,917 86,591 121,715
Derivative financial liabilities held for trading 30,345 33,059 33,045
Short positions held for trading 13,100 13,878 15,735
Deposits at fair value through profit or loss that meet definition of held for trading 48,472 39,654 72,935
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 18,417 14,952 13,299
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 897 934 717
Debt securities at fair value through profit or loss 5,997 4,597 3,977
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 11,524 9,420 8,605
Derivative financial liabilities held for hedging 1,933 2,503 2,625
Level 1 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 30,045 26,332 21,972
Derivative financial assets held for trading 955 969 144
Equity instruments held at fair value through profit or loss, classified as held for trading 9,536 6,602 4,494
Debt instruments held for trading 19,555 18,762 17,333
Loans and advances at fair value through profit or loss, classified as held for trading 0 0 0
Financial assets at fair value through profit or loss, mandatorily measured at fair value 3,946 8,511 7,028
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 3,817 8,309 6,742
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 128 202 286
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 0 0 0
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 1,004 774 908
Debt securities at fair value through profit or loss 1,004 774 908
Financial assets at fair value through other comprehensive income 52,134 50,354 52,987
Investments in equity instruments designated at fair value through other comprehensive income 1,015 1,157 1,026
Debt securities at fair value through other comprehensive income 51,095 49,173 51,961
Loans and advances measured at fair value through other comprehensive income 24 25 0
Derivative financial assets held for hedging 0 0 0
Financial liabilities at fair value through profit or loss that meet definition of held for trading 14,129 14,308 14,133
Derivative financial liabilities held for trading 1,131 1,118 191
Short positions held for trading 12,999 13,189 13,942
Deposits at fair value through profit or loss that meet definition of held for trading 0 0 0
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 0 0 0
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Derivative financial liabilities held for hedging 0 0 0
Level 2 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 90,885 80,323 116,905
Derivative financial assets held for trading 30,829 34,591 33,880
Equity instruments held at fair value through profit or loss, classified as held for trading 158 76 24
Debt instruments held for trading 10,686 8,438 11,081
Loans and advances at fair value through profit or loss, classified as held for trading 49,213 37,218 71,921
Financial assets at fair value through profit or loss, mandatorily measured at fair value 5,732 617 493
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 5,341 107 72
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 63 173 132
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 328 336 288
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 2 62 47
Debt securities at fair value through profit or loss 2 62 47
Financial assets at fair value through other comprehensive income 4,760 7,515 8,335
Investments in equity instruments designated at fair value through other comprehensive income 107 79 52
Debt securities at fair value through other comprehensive income 4,652 7,436 8,258
Loans and advances measured at fair value through other comprehensive income 1 0 26
Derivative financial assets held for hedging 570 1,158 1,482
Financial liabilities at fair value through profit or loss that meet definition of held for trading 76,334 71,072 106,382
Derivative financial liabilities held for trading 28,021 31,400 32,111
Short positions held for trading 102 673 1,750
Deposits at fair value through profit or loss that meet definition of held for trading 48,211 38,999 72,520
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 16,284 12,865 11,073
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 897 934 717
Debt securities at fair value through profit or loss 3,864 2,511 1,751
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 11,524 9,420 8,605
Derivative financial liabilities held for hedging 1,926 2,480 2,586
Level 3 Of Fair Value Hierarchy [Member]      
Financial instruments assets and liabilities [Line Items]      
Current financial assets at fair value through profit or loss, classified as held for trading 2,254 2,292 2,165
Derivative financial assets held for trading 768 443 269
Equity instruments held at fair value through profit or loss, classified as held for trading 208 83 71
Debt instruments held for trading 605 756 155
Loans and advances at fair value through profit or loss, classified as held for trading 673 1,011 1,669
Financial assets at fair value through profit or loss, mandatorily measured at fair value 1,594 1,418 1,216
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 1,380 1,365 1,148
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 0 31 66
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading 213 21 2
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 0 0 0
Financial assets at fair value through other comprehensive income 1,915 1,133 883
Investments in equity instruments designated at fair value through other comprehensive income 237 216 139
Debt securities at fair value through other comprehensive income 1,255 917 745
Loans and advances measured at fair value through other comprehensive income 423 0 0
Derivative financial assets held for hedging 0 0 0
Financial liabilities at fair value through profit or loss that meet definition of held for trading 1,454 1,211 1,201
Derivative financial liabilities held for trading 1,193 541 743
Short positions held for trading 0 15 44
Deposits at fair value through profit or loss that meet definition of held for trading 261 656 415
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 2,133 2,087 2,227
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Debt securities at fair value through profit or loss 2,133 2,087 2,227
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 0 0 0
Derivative financial liabilities held for hedging € 7 € 23 € 39
[1]
(1) During financial years 2025, 2024 and 2023, there have been no significant reclassifications from the heading “Financial assets at fair value through other comprehensive income” to other headings or from other headings to “Financial assets at fair value through other comprehensive income”.