v3.25.4
Note 22 Memorandum item subordinated liabilities at amortized cost (Details) - EUR (€)
€ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Subordinated liabilities at amortized cost [Line Items]        
Subordinated deposits € 104 € 56 € 35  
Subordinated certificates [1] 20,949 19,556 15,832 € 12,485
Compound convertible financial instruments 6,303 5,638 5,715  
Other non convertible subordinated liabilities 14,645 13,918 10,117  
Memorandum item subordinated liabilities at amortised cost € 21,053 € 19,612 € 15,867  
[1]
(1) There were €104 million, €56 million and €35 million of subordinated deposits as of December 31, 2025, 2024 and 2023, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €397 million, €388 million and €345 million in 2025, 2024 and 2023, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.