Banco Bilbao Vizcaya Argentaria (BBVA) 20-F 1 Mar 24 2023 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	1-10110
Entity Registrant Name	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Entity Central Index Key	0000842180
Entity Incorporation, State or Country Code	U3
Entity Address, Address Line One	Calle Azul, 4
Entity Address, Postal Zip Code	28050
Entity Address, City or Town	Madrid
Entity Address, Country	ES
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Common Stock, Shares Outstanding	5,837,940,380
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Security Reporting Obligation	15(d)
Document Financial Statement Error Correction [Flag]	false
American Depositary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing the right to receive one ordinary share, par value €0.49 per share
Trading Symbol	BBVA
Security Exchange Name	NYSE
Ordinary shares [member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value €0.49 per share
Security Exchange Name	NYSE
No Trading Symbol Flag	true
A1125 Fixed Rate Senior Notes Due2023 [Member]
Document Information [Line Items]
Title of 12(b) Security	1.125% Fixed Rate Senior Notes due 2025
Trading Symbol	BBVA25
Security Exchange Name	NYSE
A5862 Fixed Rate Senior Non-Preferred Notes Due 2026 [Member]
Document Information [Line Items]
Title of 12(b) Security	5.862% Fixed Rate Senior Non-Preferred Notes due 2026
Trading Symbol	BBVA26A
Security Exchange Name	NYSE
A6138 Fixed Rate Senior Non-Preferred Notes Due2028 [Member]
Document Information [Line Items]
Title of 12(b) Security	6.138% Fixed Rate Senior Non-Preferred Notes due 2028
Trading Symbol	BBVA28
Security Exchange Name	NYSE
A7883 Fixed Rate Subordinated Notes Due 2034
Document Information [Line Items]
Title of 12(b) Security	Tier 2 Subordinated Callable Fixed-to-Fixed Rate Notes due 2034
Trading Symbol	BBVA34
Security Exchange Name	NYSE
A9375 Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities
Document Information [Line Items]
Title of 12(b) Security	Series 12 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities
Trading Symbol	BBVAP1
Security Exchange Name	NYSE
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	María Luisa Gómez Bravo
Entity Address, Address Line One	Calle Azul, 4
Entity Address, Postal Zip Code	28050
Entity Address, City or Town	Madrid
Entity Address, Country	ES
City Area Code	+34 91
Local Phone Number	537 7000

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor [Line Items]
Auditor Name	Ernst & Young, S.L.
Auditor Location	Madrid, Spain
Auditor Firm ID	1461

Statement of financial position

Statement of financial position, order of liquidity (Statement) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Assets [Line Items]
Cash and cash equivalents		€ 75,416	€ 79,756	[1],[2]	€ 67,799	[2]
Current financial assets at fair value through profit or loss, classified as held for trading		141,042	110,671	[3]	123,493
Derivative financial assets held for trading		34,293	39,908	[3]	30,933
Equity instruments held for trading		4,589	4,404	[3]	15,963
Debt instruments held for trading		28,569	24,367	[3]	25,790
Loans and advances to central banks held for trading		2,809	1,632		3,467
Loans and advances to credit institutions held for trading		56,599	25,231		31,916
loans and advances to customers held for trading		14,182	15,130		15,424
Financial assets at fair value through profit or loss, mandatorily measured at fair value		8,737	6,888	[3]	6,086
Equity instruments at fair value through profit or loss mandatorily measured at fair value	[4]	7,963	6,511	[3]	5,303
Debt securities at fair value through profit or loss mandatorily measured at fair value		484	129	[3]	128
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		290	247	[3]	655
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		955	913	[3]	1,092
Debt securities at fair value through profit or loss		955	913	[3]	1,092
Financial assets at fair value through other comprehensive income		62,205	65,374	[3]	60,421
Investments in equity instruments designated at fair value through other comprehensive income		1,217	1,198	[3]	1,320
Debt securities at fair value through other comprehensive income	[5]	60,963	64,150	[3],[6],[7]	59,074
Loans and advances to credit institutions at fair value through other comprehensive income		26	26	[3]	27
Financial assets at amortised cost		451,732	414,421	[1]	372,676
Debt Securities at amortized cost	[8]	49,462	36,639	[1],[9],[10]	34,781
Loans and advances to central banks at amortised cost		7,151	4,401	[1]	5,681
Loans and advances to banks		17,477	16,031	[1]	13,276
Loans and advances to customers		377,643	357,351	[1],[11]	318,939
Derivative financial assets held for hedging		1,482	1,891	[3]	1,805
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets		(97)	(148)		5
Investments in subsidiaries, joint ventures and associates		976	916		900
Investments in joint ventures		93	100		152
Investments in associates		883	816		749
Assets under insurance contracts and reinsurance contracts issued		211	183		269
Tangible assets		9,253	8,737	[12]	7,298
Property, plant and equipment		9,046	8,441		7,107
Property plant and equipment for own use		8,295	7,911		6,874
Assets leased out under an operating lease		751	530		233
Investment property		207	296		191
Intangible assets and goodwill		2,363	2,156		2,197
Goodwill		795	707		818
Intangible assets other than goodwill		1,568	1,449		1,379
Tax assets		17,501	16,725	[13]	15,850
Current tax assets	[14]	2,860	1,978	[13]	932
Deferred tax assets		14,641	14,747	[13],[15]	14,917	[15]
Other assets		2,859	2,586	[16]	1,934
Insurance contracts linked to pensions		0	0		0
Inventories		276	325	[16]	424
Rest other assets		2,583	2,260		1,510
Non-current assets or disposal groups classified as held for sale		923	1,022		1,061
Assets		775,558	712,092	[17],[18]	662,885
Equity and Liabilities [Line Items]
Financial liabilities at fair value through profit or loss that meet definition of held for trading		121,715	95,611	[3]	91,135
Derivative financial liabilities held for trading		33,045	37,909	[3]	31,705
Short positions held for trading		15,735	13,487	[3]	15,135
Deposits from central banks held for trading		6,397	3,950		11,248
Deposits from credit institutions held for trading		43,337	28,924		16,176
Customer deposits held for trading		23,201	11,341		16,870
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		13,299	10,580	[3]	9,683
Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0		0
Deposits from credit institutions at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		717	700	[3]	809
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently		3,977	3,288	[3]	3,396
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		8,605	6,592	[3]	5,479
Financial liabilities at amortised cost		557,589	529,172	[1],[19]	487,893
Liabilities due to central banks		20,309	38,323	[1],[19]	47,351
Deposits from banks		40,039	26,935	[1],[19]	19,834
Deposits from customers		413,487	394,404	[1],[19],[20]	349,761
Debt instruments issued		68,707	55,429	[1],[19]	55,763
Other financial liabilities		15,046	14,081	[1],[19],[21]	15,183
Derivative financial liabilities held for hedging		2,625	3,303	[3]	2,626
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities		0	0		0
Insurance contracts issued that are liabilities		12,110	10,131	[22]	10,865
Provisions		4,924	4,933		5,889
Provisions for employee benefits	[23]	2,571	2,632	[24]	3,576	[24]
Other long term employees benefits		435	466		632
Legal proceedings provision		696	685		623
Provisions commitments and guarantees given		770	770		691
Other provisions	[25]	452	380		366
Tax liabilities		2,554	2,935	[13]	2,413
Current tax liabilities	[14]	878	1,415	[13]	644
Deferred tax liabilities		1,677	1,520	[13],[15]	1,769	[15]
Other liabilities		5,477	4,909	[16]	3,621
Liabilities included in disposal groups classified as held for sale		0	0		0
Liabilities		720,293	661,575		614,125
Shareholders equity		67,955	64,535		60,383
Issued capital		2,861	2,955	[26]	3,267
Paid up capital		2,861	2,955		3,267
Unpaid capital which has been called up		0	0		0
Share premium		19,769	20,856	[26]	23,599
Equity instruments issued other than capital		0	0		0
Other equity interest		40	63	[26]	60
Retained earnings		36,237	32,711		31,841
Revaluation surplus		0	0		0
Other reserves		2,015	2,345		(1,857)
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(237)	(221)	[27]	(247)
Other reserves other		2,252	2,566		(1,610)
Treasury shares		(34)	(29)	[26]	(647)
Profits or losses attributable to owners of the parent		8,019	6,358	[26]	4,653
Interim dividends		(951)	(722)	[26]	(532)
Accumulated other comprehensive income		(16,254)	(17,642)	[26],[28]	(16,476)
Items that will not be reclassified to profit or loss		(2,105)	(1,881)	[28]	(2,075)
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss		(1,049)	(760)	[28]	(998)
Non current assets and disposal groups classified as held for sale that will not be reclassified to profit or loss		0	0		0
Share of other recognized income and expense of investments in joint ventures and associates that will not be reclassified to profit or loss		0	0		0
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss		(1,112)	(1,194)	[28],[29]	(1,079)	[29]
Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income		0	0		0
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk		55	72	[28]	2
Items that may be reclassified to profit or loss		(14,148)	(15,760)	[28]	(14,401)
Foreign currency translation		(2,498)	(1,408)	[28]	(146)
Foreign currency translation		(11,419)	(13,078)	[28]	(14,988)
Hedging derivatives. Cash flow hedges effective portion		133	(447)		(533)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss		(357)	(809)	[28]	1,274	[29]
Hedging instruments non-designated items that may be reclassified to profit or loss		0	0		0
Non-current assets and disposal groups classified as held for sale may be reclassified		0	0		0
Share of other recognized income and expense of investments in joint ventures and associates that may be reclassified to profit or loss		(8)	(18)	[28]	(9)
Non-controlling interests		3,564	3,623	[26],[30]	4,853
Accumulated other comprehensive income non controlling interest		(3,321)	(3,109)		(8,414)
Other non controlling interest items		6,885	6,732		13,267
Adjusted initial balance		55,265	50,517	[26]	48,760
Equity and liabilities		€ 775,558	€ 712,092		€ 662,885
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) In 2021 it includes the balance of the Group's businesses in the United States included within the scope of the USA Sale (see Note 3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) As of December 31, 2023, BBVA maintains a direct stake in Neon Payments Limited of 22.6% of its capital stock (see Note 3). (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The increase in current tax assets relates mainly to a higher tax receivable by the tax group in Spain for the refund of year 2023 corporate income tax as a result of the instalment payments made in the year. On the other hand, the decrease in current tax liabilities mainly corresponds to a lower tax payable in Mexico in relation to the estimated corporate income tax for the year 2023, due to the increase in its installment payments for the year. (1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Individually non-significant provisions, for various concepts and corresponding to different geographical areas. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Statement of comprehensive inco

Statement of comprehensive income, profit or loss, by function of expense (Statement) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Profit or loss [abstract]
Interest income		€ 47,850	€ 31,432		€ 23,015
Financial Assets At Fair Value Through Other Comprehensive Income Interest And Other Income		3,098	3,110		1,880
Financial Assets At Amortized Cost Interest And Other Income		38,328	25,258		18,364
Other Interest Income Interest And Other Income		6,424	3,064		2,770
Interest expense		(24,761)	(12,309)	[1]	(8,329)
Interest income (expense)		23,089	19,124	[2]	14,686
Dividend income		118	123		176
Share of profit (loss) of associates and joint ventures accounted for using equity method		26	21		1
Fee and commission income		9,899	8,260	[3]	6,997
Fee and commission expense		(3,611)	(2,888)	[4]	(2,232)
Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss net		76	64		134
Gains Losses On Derecognition Of Financial Assets At Amortized Cost		41	8		27
Gains Losses On Derecognition Of Other Financial Assets And Liabilities		35	56		106
Gains or losses on financial assets and liabilities held for trading net		1,352	562		341
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Held For Trading		0	0		0
Reclassification Of Financial Assets From Amortized Cost To Held For Trading		0	0		0
Reclassification Of Other Gains Losses To Held For Trading		1,352	562		341
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value		337	(67)		432
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss		0	0		0
Reclassification Of Financial Assets From Amortized Cost To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss		0	0		0
Reclassification Of Other Gains Losses To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss		337	(67)		432
Gains or losses on financial assets and liabilities designated at fair value through profit or loss net		96	150		335
Gain (loss) on hedge ineffectiveness recognised in profit or loss		(17)	(45)		(214)
Foreign exchange gain (loss)		339	1,275		883
Miscellaneous other operating income		619	528		661
Miscellaneous other operating expense		4,042	3,438		2,041
Income arising from insurance contracts	[5]	3,081	2,622	[6]	2,593	[7]
Expense arising from insurance contracts		(1,821)	(1,547)	[6]	(1,685)	[7]
Gross profit		29,542	24,743	[2]	21,066
Administrative expenses		10,905	9,373		8,296
Employee benefits expense		(6,530)	(5,601)	[8]	(5,046)
Other expense, by function		4,375	3,773	[9]	3,249
Depreciation and amortisation expense		(1,403)	(1,328)		(1,234)
Provision or reversal of provisions		(373)	(291)		(1,018)
Impairment loss on financial assets		4,428	3,379		3,034
Gains (losses) on financial assets at amortised cost		(4,386)	(3,303)		(3,017)
Impairment Financial Assets Measured At Fair Value Through Other Comprehensive Income		(42)	(76)		(17)
Profit (loss) from operating activities		12,432	10,372		7,484
Impairment or reversal of impairment investments in subsidiaries joint ventures and associates		(9)	42		0
Impairment or reversal of impairment on non financial assets		(54)	(27)		(221)
Impairment Or Reversal Of Impairment On Non Financial Tangible Assets		16	(53)		161
Impairment loss recognised in profit or loss, intangible assets and goodwill		26	25		19
Impairment or reversal of impairment on other non financial assets		12	55		41
Gains(losses) on derecognized of non financial assets and subsidiaries net		28	(11)		24
Negative goodwill recognised in profit and loss		0	0		0
Gains (losses) from non current assets and disposal groups classified as held for sale not qualifying as discontinued operations		22	(108)		(40)
Profit (loss) before tax		12,419	10,268	[2],[10]	7,247
Tax expense (income)		(4,003)	(3,505)	[10]	(1,909)
Profit (loss) from continuing operations		8,416	6,763		5,338
Profit (loss) from discontinued operations		0	0		280
Profit (loss)		8,416	6,763		5,618
Profit (loss), attributable to non-controlling interests		397	405	[11]	965
Profit (loss), attributable to owners of parent		€ 8,019	€ 6,358	[2],[12]	€ 4,653
Basic earnings (loss) per share		€ 1.29	€ 0.98	[12]	€ 0.67
Basic earnings (loss) per share from continuing operations		1.29	0.98	[12]	0.63
Diluted earnings (loss) per share from continuing operations		1.29	0.98	[12]	0.63
Basic earnings (loss) per share from discontinued operations		0	0	[12]	0.04
Diluted earnings (loss) per share from discontinued operations		€ 0	€ 0	[12]	€ 0.04
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3). (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (3) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Statement of comprehensive in_2

Statement of comprehensive income, OCI components presented before tax (Statement) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of comprehensive income [abstract]
Profit (loss)	€ 8,416	€ 6,763	€ 5,618
Other comprehensive income	1,175	789	(3,977)
Other comprehensive income that will not be reclassified to profit or loss, net of tax	(223)	190	358
Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans	(358)	354	218
Non current assets and disposal groups held for sale that will not be reclassified to profit or loss net of tax	0	0	(3)
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax	0	0	0
Other comprehensive income, before tax, gains (losses) from investments in equity instruments	100	(121)	189
Other comprehensive income, before tax, gains (losses) on hedging instruments that hedge investments in equity instruments	0	0	0
Other comprehensive income, before tax, change in fair value of financial liability attributable to change in credit risk of liability	(24)	100	33
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	59	(143)	(80)
Other comprehensive income that will be reclassified to profit or loss, net of tax	1,398	599	(4,335)
Other comprehensive income, before tax, hedges of net investments in foreign operations	(1,095)	(1,172)	(117)
Gains (losses) on hedges of net investments in foreign operations, before tax	(1,095)	(1,172)	(117)
Reclassification adjustments on hedges of net investments in foreign operations, before tax	0	0	0
Other reclassifications hedge of net investments in foreign operations	0	0	0
Other comprehensive income, before tax, exchange differences on translation	1,379	3,413	(2,256)
Gains (losses) on exchange differences on translation, before tax	1,378	3,413	(2,239)
Reclassification adjustments on exchange differences on translation, before tax	1	0	(17)
Other Reclassifications Foreign Currency Translation	0	0	0
Other comprehensive income, before tax, cash flow hedges	832	72	(691)
Gains (losses) on cash flow hedges, before tax	832	91	(553)
Reclassification adjustments on cash flow hedges, before tax	0	(19)	(137)
Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax	0	0	0
Other reclassifications cash flow hedges effective portion	0	0	0
Other Comprehensive Income Before Tax Debt Instruments At Fair Value With Changes In Other Comprehensive Income	752	(2,498)	(1,139)
Gains (losses) on remeasuring available-for-sale financial assets, before tax	757	(2,528)	(1,082)
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, before tax	5	(30)	57
Other reclassifications debt securities at fair value through other comprehensive income	0	0	0
Non current assets and disposal groups held for sale that will be reclassified to profit or loss net of tax	0	0	(663)
Valuation gains losses taken to equity non current assets held for sale	0	0	(30)
Non current assets held for sale transferred to profit or loss	0	0	(633)
Other reclassifications of non current assets held for sale	0	0	0
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, before tax	12	(7)	8
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	(482)	791	523
Comprehensive income	9,591	7,552	1,640
Comprehensive income, attributable to non-controlling interests	184	1,352	(500)
Comprehensive income, attributable to owners of parent	€ 9,407	€ 6,200	€ 2,141

Statement of changes in equity

Statement of changes in equity (Statement) - EUR (€) € in Millions		Total		Issued capital [member]	Share premium [member]	Equity Instruments Issued Other Than Capital [Member]	Other equity interest [member]	Retained earnings [member]	Revaluation surplus [member]	Other reserves [member]	Treasury shares [member]	Equity attributable to owners of parent [member]	Interim dividends [Member]	Accumulated other comprehensive income [member]	Other comprehensive income non controlling interest [Member]	Rest of non controlling interest [Member]
Equity at beginning of period (Previously stated [member]) at Dec. 31, 2020	[1]	€ 50,020		€ 3,267	€ 23,992	€ 0	€ 42	€ 30,508	€ 0	€ (164)	€ (46)	€ 1,305	€ 0	€ (14,356)	€ (6,949)	€ 12,421
Changes in equity [abstract]
Comprehensive income		1,640		0	0	0	0	0	0	0	0	4,653	0	(2,512)	(1,465)	965
Changes in equity other than total income or expense recognized		(2,900)		0	(393)	0	17	1,333	0	(1,693)	(600)	(1,305)	(532)	391	0	(119)
Issue of equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issue of preferred shares		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance of other equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Period or maturity of other issued equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through conversion of convertible instruments, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Decrease through other distributions to owners, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends recognised as distributions to owners		(1,045)		0	(393)	0	0	0	0	0	0	0	(532)	0	0	(119)
Purchase of treasury shares		(1,022)		0	0	0	0	0	0	0	(1,022)	0	0	0	0	0
Sale or issue of treasury shares		438		0	0	0	0	0	0	17	421	0	0	0	0	0
Equity reclassified into financial liabilities		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Financial liabilities reclassified into equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through transactions with owners, equity		0		0	0	0	0	1,693	0	(780)	0	(1,305)	0	391	0	0
Increase (decrease) through acquisition of subsidiary, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Adjustments for share-based payments		(11)		0	0	0	(11)	0	0	0	0	0	0	0	0	0
Increase (decrease) through other changes, equity		(1,260)		0	0	0	28	(360)	0	(930)	0	0	0	0	0	1
Equity at end of period (Previously stated [member]) at Dec. 31, 2021	[2]	48,760		3,267	23,599	0	60	31,841	0	(1,857)	(647)	4,653	(532)	(16,476)	(8,414)	13,267
Equity at end of period (Opening balance after adjustment, cumulative effect at date of initial application [member]) at Dec. 31, 2021		48,748		3,267	23,599	0	60	32,019	0	(1,857)	(647)	4,653	(532)	(16,662)	(8,413)	13,261
Equity at end of period (Increase (decrease) due to changes in accounting policy [member]) at Dec. 31, 2021		(12)		0	0	0	0	178	0	0	0	0	0	(186)	1	(6)
Equity at end of period at Dec. 31, 2021		48,760		3,267	23,599	0	60	31,841	0	(1,857)	(647)	4,653	(532)	(16,476)	(8,414)	13,267
Changes in equity [abstract]
Comprehensive income		7,552		0	0	0	0	0	0	0	0	6,358	0	(158)	947	405
Changes in equity other than total income or expense recognized		(5,783)		(313)	(2,743)	0	3	692	0	4,202	617	(4,653)	(190)	(822)	4,358	(6,935)
Issue of equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issue of preferred shares		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance of other equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Period or maturity of other issued equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through conversion of convertible instruments, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Decrease through other distributions to owners, equity		0		(313)	(2,743)	0	0	250	0	(355)	3,160	0	0	0	0	0
Dividends recognised as distributions to owners		(2,370)		0	0	0	0	(1,463)	0	0	0	0	(722)	0	0	(185)
Purchase of treasury shares		(2,966)		0	0	0	0	0	0	0	(2,966)	0	0	0	0	0
Sale or issue of treasury shares		432		0	0	0	0	0	0	9	423	0	0	0	0	0
Equity reclassified into financial liabilities		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Financial liabilities reclassified into equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through transactions with owners, equity	[3]	0		0	0	0	0	2,231	0	2,712	0	(4,653)	532	(822)	4,358	(4,358)
Increase (decrease) through acquisition of subsidiary, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Adjustments for share-based payments		(22)		0	0	0	(22)	0	0	0	0	0	0	0	0	0
Increase (decrease) through other changes, equity	[3]	(857)		0	0	0	25	(326)	0	1,836	0	0	0	0	0	(2,392)
Equity at end of period (Previously stated [member]) at Dec. 31, 2022	[4]	50,615		2,955	20,856	0	63	32,536	0	2,345	(29)	6,420	(722)	(17,432)	(3,112)	6,736
Equity at end of period (Opening balance after adjustment, cumulative effect at date of initial application [member]) at Dec. 31, 2022		50,517		2,955	20,856	0	63	32,711	0	2,345	(29)	6,358	(722)	(17,642)	(3,109)	6,732
Equity at end of period (Increase (decrease) due to changes in accounting policy [member]) at Dec. 31, 2022		(98)		0	0	0	0	175	0	0	0	(62)	0	(210)	4	(4)
Equity at end of period at Dec. 31, 2022		50,517	[5]	2,955	20,856	0	63	32,711	0	2,345	(29)	6,358	(722)	(17,642)	(3,109)	6,732
Changes in equity [abstract]
Comprehensive income		9,591		0	0	0	0	0	0	0	0	8,019	0	1,388	(213)	397
Changes in equity other than total income or expense recognized		(4,842)		(94)	(1,087)	0	(22)	3,526	0	(331)	(5)	(6,358)	(228)	0	1	(244)
Issue of equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issue of preferred shares		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance of other equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Period or maturity of other issued equity instruments		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through conversion of convertible instruments, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Decrease through other distributions to owners, equity		0		(94)	(1,087)	0	0	75	0	(316)	1,422	0	0	0	0	0
Dividends recognised as distributions to owners		(3,071)		0	0	0	0	(1,857)	0	0	0	0	(951)	0	0	(263)
Purchase of treasury shares		(2,166)		0	0	0	0	0	0	0	(2,166)	0	0	0	0	0
Sale or issue of treasury shares		741		0	0	0	0	0	0	1	739	0	0	0	0	0
Equity reclassified into financial liabilities		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Financial liabilities reclassified into equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Increase (decrease) through transactions with owners, equity		0		0	0	0	2	5,651	0	(17)	0	(6,358)	722	0	1	(1)
Increase (decrease) through acquisition of subsidiary, equity		0		0	0	0	0	0	0	0	0	0	0	0	0	0
Adjustments for share-based payments		(41)		0	0	0	(41)	0	0	0	0	0	0	0	0	0
Increase (decrease) through other changes, equity		(305)		0	0	0	17	(344)	0	2	0	0	0	0	0	20
Equity at end of period at Dec. 31, 2023		€ 55,265		€ 2,861	€ 19,769	€ 0	€ 40	€ 36,237	€ 0	€ 2,015	€ (34)	€ 8,019	€ (951)	€ (16,254)	€ (3,321)	€ 6,885
[1] (1) Balances as of December 31, 2020 as originally reported in the Consolidated Financial Statements for the year 2020. (1) Balances as of December 31, 2021 as originally reported in the Consolidated Financial Statements for the year 2021. (2) The headings "Transfers among components of equity" and "Other increases or decreases in equity" include the effects of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" in the subsidiaries in Turkey (see Note 2.2.18) for amounts of €1,873 million in "Retained earnings", €1,862 million in "Accumulated other comprehensive income (loss)" and, under the heading of "Minority interests" include, €1,621 million in "Other" and €1,480 million in "Accumulated other comprehensive income (loss)". (1) Balances as of December 31, 2022 as originally reported in the Consolidated Financial Statements for the year 2022. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Statement of cash flows, indire

Statement of cash flows, indirect method (Statement) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Statement of cash flows [Line Items]
Cash flows from (used in) operating activities		€ (721)		€ 23,718		€ (1,242)
Profit (loss)		8,416		6,763		5,618
Adjustments to reconcile profit (loss)		12,150		11,746		7,688
Adjustments for depreciation and amortisation expense		1,403		1,328		1,234
Other adjustments to reconcile profit (loss)		10,747		10,418		6,454
Net increase decrease in operating assets from operating activities		(77,408)		(42,900)		(38,267)
Adjustments for decrease (increase) in financial assets held for trading		(27,884)		14,658		(17,031)
Net increase decrease in non trading financial assets mandatorily at fair value through profit or loss		(1,288)		(421)		(908)
Net increase decrease in other financial assets designated at fair value through profit or loss		(42)		179		25
Net increase decrease in financial assets at fair value through other comprehensive income		2,512		(1,014)		7,116
Adjustments for decrease (increase) in other assets		476		(548)		592
Adjustments For Decrease Increase In Financial Assets At Amortised Cost		(51,182)		(55,754)		(28,062)
Net increase decrease in operating liabilities from operating activities		(61,473)		(51,343)		(25,266)
Adjustments for increase (decrease) in financial liabilities held for trading		24,435		2,907		6,479
Other financial liabilities designated at fair value through profit or loss operating activities		2,003		293		(837)
Financial liabilities at amortized cost operating activities		36,127		48,161		19,682
Adjustments for increase (decrease) in other liabilities		(1,092)		(17)		(58)
Income taxes paid (refund), classified as operating activities		(5,353)		(3,234)		(1,546)
Cash flows from (used in) investing activities, continuing operations		(1,419)		(3,911)		(1,634)
Outflows of cash from investing activities		(1,912)		(4,506)		(12,472)
Purchase of property, plant and equipment, classified as investing activities		(1,129)		(1,812)		(396)
Purchase of intangible assets, classified as investing activities		(690)		(630)		(550)
Other cash payments to acquire interests in joint ventures, classified as investing activities		(93)		(81)		(50)
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities		0		(1,389)		0
Investment non current assets classified as held for sale and associated liabilites		0		594		11,476
Investment other settlements related to investing activities		0		0		0
Inflows of cash from investing activities		492		596		10,838
Proceeds from sales of property, plant and equipment		92		29		78
Proceeds from sales of intangible assets		0		0		0
Other cash receipts from sales of interests in joint ventures		58		127		80
Cash flows from losing control of subsidiaries or other businesses		21		0		10
Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations		321		440		10,670
Other collections related to investing activities		0		0		0
Cash flows from (used in) financing activities, continuing operations		(1,842)		(7,563)		(4,349)
Payments from financing activities		7,224		7,996		4,786
Dividends paid, classified as financing activities		(2,808)		(2,185)		(926)
Repayments of subordinated liabilities		(1,629)		(2,258)		(2,301)
Treasury stock amortization from financing activities		94		313		0
Treasury stock acquisitions from financing activities		2,072		2,670		1,022
Other Outflows Of Cash Classified As Financing Activities		(622)		(571)		(538)
Collections from financing activities		5,383		434		438
Proceeds from issue of subordinated liabilities		4,672		0		0
Proceeds from issuing shares		0		0		0
Collections Treasury shares disposal		711		434		438
Other Inflows Of Cash Classified As Financing Activities		0		0		0
Effect of exchange rate changes on cash and cash equivalents		(357)		(288)		(1,864)
Increase decrease in cash and cash equivalents including companies held for sale		(4,339)		11,957		(9,089)
Cash and cash equivalents at beginning of period	[2]	79,756	[1]	67,799		76,888
Cash and cash equivalents at end of period		75,416		79,756	[1],[2]	67,799	[2]
Components of cash and cash equivalents at the end of the period [Line Items]
Cash		7,751		6,533		6,877
Cash and bank balances at central banks		60,750		67,314		55,004
Other financial assets		6,916		5,909		5,918
Bank overdrafts		0		0		0
Cash and cash equivalents		€ 75,416		€ 79,756	[1],[2]	€ 67,799	[2]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) In 2021 it includes the balance of the Group's businesses in the United States included within the scope of the USA Sale (see Note 3).

Statement of financial positi_2

Statement of financial position, order of liquidity (Parentheticals) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of financial position [abstract]
Memorandum loan commitments given	€ 152,868	€ 136,920	€ 119,618
Financial guarantees given Memorandum	18,839	16,511	11,720
Memorandum other commitments given	42,577	39,137	34,604
Memorandum item subordinated liabilities at amortised cost	15,867	12,509	14,808
Memorandum Item subordinated liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	€ 0	€ 0	€ 0

Statement of cash flows, indi_2

Statement of cash flows, indirect method (Parentheticals) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of cash flows [abstract]
Of Which Hyperinflation Effect From Operating Activities	€ 1,884	€ 2,692	€ 0
Of Which Hyperinflation Effect From Investing Activities	772	759	0
Of Which Hyperinflation Effect From Financing Activities	€ 0	€ 0	€ 0

Note 1

Note 1	12 Months Ended
	Dec. 31, 2023
Introduction Basis For The Presentation Of The Consolidated Financial Statements Internal Control Of Financial Information And Other Information [Abstract]
Disclosure of Introduction Basis For The Presentation Of The Consolidated Financial Statements Internal Control Of Financial Information And Other Information [Text Block]	Introduction, basis for the presentation of the Consolidated Financial Statements, Internal Control over Financial Reporting and other information Introduction Banco Bilbao Vizcaya Argentaria, S.A. (hereinafter “the Bank”, “BBVA" or “BBVA, S.A.”) is a private-law entity subject to the laws and regulations governing banking entities operating in Spain. It carries out its activity through branches and agencies across the country and abroad. The Bylaws and other public information are available for inspection at the Bank’s registered address (Plaza San Nicolás, 4 Bilbao) as noted on its web site (www.bbva.com). In addition to the activities it carries out directly, the Bank heads a group of subsidiaries, joint ventures and associates which perform a wide range of activities and which together with the Bank constitute the Banco Bilbao Vizcaya Argentaria Group (hereinafter the “Group” or the “BBVA Group”). In addition to its own separate financial statements, the Bank is required to prepare Consolidated Financial Statements comprising all consolidated subsidiaries of the Group. As of December 31, 2023, in addition to the Bank, the BBVA Group had 196 consolidated entities and 45 entities accounted for using the equity method (see Notes 3 and 16 and Appendices I to V). The Consolidated Financial Statements of the BBVA Group for the year ended December 31, 2023, were authorized for issue on March 1, 2024. Basis for the presentation of the Consolidated Financial Statements The BBVA Group’s Consolidated Financial Statements are presented in compliance with IFRS-IASB (International Financial Reporting Standards as issued by the International Accounting Standards Board), as well as in accordance with the International Financial Reporting Standards endorsed by the European Union (EU-IFRS) applicable as of December 31, 2023, considering the Bank of Spain Circular 4/2017, as well as its successive amendments, and with any other legislation governing financial reporting which is applicable and with the format and mark-up requirements established in the EU Delegated Regulation 2019/815 of the European Commission. The BBVA Group’s Consolidated Financial Statements for the year ended December 31, 2023 were prepared by the Group’s Directors (through the Board of Directors meeting held on February 6, 2024) by applying the principles of consolidation, accounting policies and valuation criteria described in Note 2, so that they present fairly the Group’s total consolidated equity and financial position as of December 31, 2023, together with the consolidated results of its operations and cash flows generated during the year ended December 31, 2023. These Consolidated Financial Statements were prepared on the basis of the accounting records kept by the Bank and each of the other entities in the Group. Moreover, they include the adjustments and reclassifications required to harmonize the accounting policies and valuation criteria used by the Group (see Note 2.2). All applicable accounting standards and valuation criteria with a significant effect on the Consolidated Financial Statements were applied in their preparation. The amounts reflected in the Consolidated Financial Statements are presented in millions of euros, unless it is more appropriate to use smaller units. Some items that appear without a balance in these Consolidated Financial Statements are due to how the units are expressed. Also, in presenting amounts in millions of euros, the accounting balances have been rounded up or down. It is therefore possible that the totals appearing in some tables are not the exact arithmetical sum of their component figures. The percentage changes in amounts have been calculated using figures expressed in thousands of euros. Comparative information IFRS 17 "Insurance Contracts" As of January 1, 2023, IFRS 17 "Insurance Contracts" replaced IFRS 4 in the accounting treatment of insurance contracts. IFRS 17 is mandatory for financial years beginning on January 1, 2023, therefore such standard has been applied in these Consolidated Financial Statement s f or the first time with one year of comparative information, that is, for the BBVA Group, from January 1, 2022 to December 31, 2022 has been restated accordingly (see Note 2.3 and Appendix X). The impact of these retrospective adjustments was not significant for the consolidated financial statements of the BBVA Group. Seasonal nature of income and expense The nature of the most significant activities carried out by the BBVA Group’s entities is mainly related to typical activities carried out by financial institutions, and are not significantly affected by seasonal factors within the same year. Responsibility for the information and for the estimates made The information contained in the BBVA Group’s Consolidated Financial Statements is the responsibility of the Group’s Directors. Estimates were required to be made at times when preparing these Consolidated Financial Statements in order to calculate the recorded or disclosed amount of some assets, liabilities, income, expense and commitments. These estimates relate mainly to the following: – Loss allowances on certain financial assets (see Notes 7, 13, 14 and 16). – The assumptions used in the valuation of insurance and reinsurance contracts (see Note 23), to quantify certain provisions (see Note 24) and the calculation of post-employment benefit liabilities and commitments (see Note 25). – The useful life and impairment losses of tangible and intangible assets (see Notes 17, 18, and 21). – The valuation of goodwill and price allocation of business combinations (see Note 18). – The fair value of certain unlisted financial assets and liabilities (see Notes 7, 8, 10, 11, 12, 13 and 15). – The recoverability of deferred tax assets and the forecast for corporate income tax (see Note 19). In general, the BBVA Group is working to consider and include in its financial analysis models how climate risk and other climate-related matters can affect the financial statements, cash flows and financial performance of the group. Where these risks are being considered, the relevant estimates and judgments, to the extent that they are material, are also being considered when preparing the financial statements of the BBVA Group and they are disclosed in the corresponding Notes to the Consolidated Financial Statements. The prevailing geopolitical and economic uncertainties (see Note 7.1) entail a greater complexity in developing reliable estimations and applying judgment. Estimates have been made on the basis of the best available information on the matters analyzed as of December 31, 2023. However, it is possible that events may take place subsequent to such date, which could make it necessary to amend these estimations (upward or downward), which would be carried out prospectively, recognizing the effects of the change in estimation in the consolidated financial statements. During 2023 there have been no significant changes in the estimates made as of December 31, 2022 and 2021, other than those indicated in these Consolidated Financial Statements. BBVA Group’s Internal Control over Financial Reporting BBVA Group’s Consolidated Financial Statements are prepared under an Internal Control over Financial Reporting (ICFR) model. It provides reasonable assurance with respect to the reliability and the integrity of the consolidated financial statements. It is also aimed to support that the transactions are processed in accordance with the applicable laws and regulations. The ICFR model is compliant with the control framework established in 2013 by the Committee of Sponsoring Organizations of the Treadway Commission (hereinafter "COSO"). The COSO 2013 framework sets out five components that constitute the basis of the effectiveness and efficiency of the internal control systems: – The establishment of an appropriate control framework. – The assessment of the risks that could arise during the preparation of the financial information. – The design of the necessary controls to mitigate the identified risks. – The establishment of an appropriate system of information to detect and report system weaknesses. – The monitoring over the controls to support correct performance and effectiveness over time. The ICFR model is a dynamic model that continuously evolves over time to reflect the reality of the BBVA Group’s businesses and processes, as well as the risks and controls designed to mitigate them. It is subject to a continuous evaluation by the internal financial control units located in the different entities of BBVA Group. In order to ensure the necessary independence of the aforementioned internal financial control units, they are integrated within the Regulation & Internal Control area, whose head reports to the Board of Directors through its Committees, and defines and coordinates the Group's entire internal control model, based on two pillars: – A control system organized into three lines of defense that has been updated and strengthened, as described below: a. The first line of defense (1LoD) is located within the business and support units, which are responsible for identifying risks associated with their processes, as well as for implementing and executing the necessary controls to mitigate them. The Risk Control Assurer (RCA) role was created to reinforce the adequate risk management in each area’s processes. b. The second line of defense (2LoD) comprises the specialized control units for each type of risk (Risk Control Specialists - RCS- among others Finance, Legal, IT, Third Party, Compliance or Processes). This second line defines the mitigation and control frameworks for their areas of responsibility across the entire organization and performs challenge to the control model (supervises the implementation and design of the controls and assesses their effectiveness). c. The third line of defense (3LoD) is the Internal Audit unit, which conducts an independent review of the model, verifying the compliance and effectiveness of the control model, both the first and second line of defense functions. – A committee structure in the Group, called Corporate Assurance, which enables the escalation of possible weaknesses to the Group's Management as well as the management of issues related to internal control, both at a consolidated level and also in each of the countries where the Group operates. The RCA and RCS Finance (Internal Financial Control) units comply with a common and standard methodology established at the Group level, as set out in the following diagram: The ICFR model includes both the controls related to the financial information generation processes, as well as those of a broader scope, designed to improve the Group's general control environment (ELC or Entity Level Control). Both types of controls are assessed on a regular basis by the Group's Control areas and by the Group's Internal Audit unit. It is also supervised by the Audit Committee of the Bank’s Board of Directors. The BBVA Group also complies with the requirements of the Sarbanes-Oxley Act (“SOX”) for the preparation of the consolidated Financial Statements, as a company with securities registered with the U.S. Securities and Exchange Commission (“SEC”). The main senior executives of the Group are involved in the design and implementation of the internal control model with the aim of making it effective and to support the quality and accuracy of the financial information.

Note 2

Note 2	12 Months Ended
	Dec. 31, 2023
Principles Of Consoldiation, Acounting policies and measurement bases applied and recent IFRS pronouncements [Abstract]
Disclosure of principles of consolidation, accounting policies and measurement bases applied and recent IFRS pronouncements [Text Block]	Principles of consolidation, accounting policies and measurement bases applied and recent IFRS pronouncements The Glossary includes the definition of some of the financial and economic terms used in Note 2 and subsequent Notes of the Consolidated Financial Statements. Principles of consolidation In terms of its consolidation, the Financial Statements of the BBVA Group are comprised of four types of entities: subsidiaries, joint ventures, associates and structured entities, defined as follows: – Subsidiaries Subsidiaries are entities controlled by the Group (for definition of control, see Glossary). Generally, there is a presumption that a majority of voting rights gives rise to control. When the Group holds less than the majority of the voting rights or similar rights in an entity, the Group considers all relevant facts and circumstances in assessing whether it has control over the entity, including: • Contractual arrangements with other holders of voting rights. • The rights arising from other contractual arrangements. • The Group's voting rights and potential voting rights. There are certain entities that, although the Group holds less than 50% of the voting rights in them, are considered to be subsidiaries because the Group has the ability to exercise control over them (see Appendix I). The financial statements of the subsidiaries are fully consolidated with those of the Bank through the full consolidation method, which consists of the aggregation of assets, liabilities and equity, income and expenses, of a similar nature, shown in their individual financial statements. Intragroup assets and liabilities, equity, income and expenses and cash flows related to intragroup transactions are eliminated in consolidation. The share of non-controlling interests from subsidiaries in the Group’s consolidated total equity is presented under the heading “Minority interests (Non-controlling interests)” in the consolidated balance sheet. Their share in the profit or loss for the period or year is presented under the heading “Attributable to minority interests (non-controlling interests)” in the consolidated income statement (see Note 31). Note 3 includes information related to the main subsidiaries in the Group as of December 31, 2023, 2022 and 2021. Appendix I includes other significant information on all entities. – Joint ventures Joint ventures are those entities for which there is a joint control arrangement with third parties other than the Group (for definitions of joint arrangement, joint control and joint venture, refer to Glossary). The investments in joint ventures are accounted for using the equity method (see Note 16). Appendix II shows the main figures for the main joint ventures accounted for using the equity method as of December 31, 2023. – Associates Associates are entities in which the Group is able to exercise significant influence (for definition, see Glossary), but not control or joint control. Significant influence is deemed to exist when the Group owns 20% or more of the voting rights of an investee directly or indirectly, unless it can be clearly demonstrated that this is not the case. The Group evaluates the existence of significant influence, not only based on the voting rights but also qualitative factors such as presence on the board of directors, participation in decision-making processes, exchange of management personnel, as well as access to technical information. Regarding joint agreements, in addition to evaluating the rights and obligations of the parties thereto, other facts and circumstances are considered to determine whether an agreement is a joint venture or a joint operation. When the sale or contribution of a controlled business to an associate or joint venture occurs, the Group recognizes any retained interest at fair value. The difference between the book value of the business contributed and the fair value of the retained investment plus the corresponding disposal is fully recognized in the income statement. Certain entities in which the Group owns 20% or more of the voting rights are not included as Group associates, since the Group does not have the ability to exercise significant influence over these entities. Investments in these entities are classified as “Non-trading financial assets mandatorily at fair value through profit or loss” (see Note 11) or "Financial assets at fair value through other comprehensive income" (see Note 13). In contrast, some investments in entities in which the Group holds less than 20% of the voting rights are accounted for as Group associates, as the Group is considered to have the ability to exercise significant influence over these entities. As of December 31, 2023, 2022 and 2021, these entities are not significant to the Group. Associates are valued for by the equity method. These entities are initially recognized at cost and subsequently adjusted according to the changes in the Group's share of the net assets of such entities after their acquisition (see Note 16). The Group's income statement reflects the proportion of the results generated by associates in the line "Results of entities accounted for using the equity method". The main figures of the most significant entities are shown in Appendix II. – Structured entities A structured entity (see Glossary) is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when the voting rights relate to administrative matters only and the relevant activities are directed by means of contractual arrangements. In those cases where the Group sets up entities or has a holding in such entities, in order to allow its customers access to certain investments, to transfer risks or for other purposes, in accordance with internal criteria and procedures and with applicable regulations, the Group determines whether control over the entity in question actually exists and therefore whether it should be subject to consolidation. Such methods and procedures determine whether there is control by the Group, considering how the decisions are made about the relevant activities, assessing whether the Group has control over the relevant elements, exposure to variable returns from involvement with the investee and the ability to use control over the investee to affect the amount of the investor’s returns. – Structured entities subject to consolidation To determine if a structured entity is controlled by the Group, and therefore should be consolidated into the Group, the existing contractual rights (different from the voting rights) are analyzed. For this reason, an analysis of the structure and purpose of each investee is performed and, among others, the following factors will be considered: a. Evidence of the current ability to manage the relevant activities of the investee according to the specific business needs (including any decisions that may arise only in particular circumstances). b. Potential existence of a special relationship with the investee. c. Implicit or explicit Group commitments to support the investee. d. The ability to use the Group´s power over the investee to affect the amount of the Group’s returns. These types of entities include cases where the Group has a high exposure to variable returns and retains decision-making power over the investee, either directly or through an agent. The main structured entities of the Group are the asset securitization funds, to which the BBVA Group transfers loans and advances, and other vehicles, which allow the Group’s customers to gain access to certain investments or to allow for the transfer of risks or for other purposes (see Appendices I and V). The BBVA Group maintains the decision-making power over the relevant activities of these vehicles and financial support through contracts, as is standard in the securitization market. The most common ones are investment positions in equity tranches of notes; funding through subordinated debt; credit enhancements through derivative instruments or liquidity lines; management rights of defaulted securitized assets; “clean-up” call derivatives; and asset repurchase clauses by the grantor. For these reasons, the loans and receivable portfolios related to the vast majority of the securitizations carried out by the Bank or Group subsidiaries are not derecognized in the books of said entity and the issuances of the related debt securities are recorded as liabilities within the Group’s consolidated balance sheet. For additional information on the accounting treatment for the transfer and derecognition of financial instruments, see Note 2.2.2. “Transfers and derecognition of financial assets and liabilities”. – Non-consolidated structured entities The Group owns other vehicles also for the purpose of allowing customers access to certain investments, to transfer risks, and for other purposes, but without the Group having control of the vehicles, which are not consolidated in accordance with IFRS 10 – “Consolidated Financial Statements”. The balance of assets and liabilities of these vehicles is not material in relation to the Group’s Consolidated Financial Statements. As of December 31, 2023, 2022 and 2021 there was no material financial support from the Bank or its subsidiaries to non-consolidated structured entities. The Group does not consolidate any of the mutual funds it manages since the necessary control conditions are not met. Particularly, the BBVA Group does not act as arranger but as agent since it operates the mutual funds on behalf and for the benefit of investors or parties (arranger or arrangers) and, for this reason it does not control the mutual funds when exercising its authority for decision making. The mutual funds managed by the Group are not considered structured entities (generally, retail funds without corporate identity over which investors have participations which gives them ownership of said managed equity). These funds are not dependent on a capital structure that could prevent them from carrying out activities without additional financial support, being in any case insufficient as far as the activities themselves are concerned. Additionally, the risk of the investment is absorbed by the fund participants, and the Group is only exposed when it becomes a participant, and as such, there is no other risk for the Group. In all cases, the operating results of equity method investees acquired by the BBVA Group in a particular period only include the period from the date of acquisition to the financial statements date. Similarly, the results of entities disposed of during any year only include the period from the start of the year to the date of disposal. The consolidated financial statements of subsidiaries, associates and joint ventures used in the preparation of the Consolidated Financial Statements of the Group have the same presentation date as the Consolidated Financial Statements. If financial statements at those same dates are not available, the most recent will be used, as long as these are not older than three months, and adjusted to take into account the most significant transactions. As of December 31, 2023, financial statements as of December 31 of all Group entities were utilized except in the case of the consolidated financial statements of six associates deemed non-significant for which financial statements as of November 30, 2023 were used. Business combinations A business combination is a transaction, or any other deal, by which the Group obtains control over one or more businesses, accounting for by applying the “acquisition method”. According to this method, the acquirer has to recognize the assets acquired and the liabilities and contingent liabilities assumed, including those that the acquired entity had not accounted for. The method involves the measurement of the consideration received for the business combination and its allocation to the assets, liabilities and contingent liabilities measured according to their fair value, at the purchase date, as well as the recognition of any non-controlling participation (minority interests) that may arise from the transaction. In a business combination achieved in stages , in which the Group starts with an investment, an associate (investee) or a joint venture, the acquirer shall measure its previously held equity interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss under the heading “Gains (losses) on derecognition of non-financial assets and subsidiaries, net” of the consolidated income statements. In prior reporting periods, the acquirer may have recognized changes in the value of its equity interest in the acquiree. If so, the amount that was recognized in the consolidated financial statements shall be recorded on the same basis as would be required if the acquirer had disposed directly of the previously held equity interest. The acquirer shall recognize an asset in the consolidated balance sheet under the heading “Intangible asset - Goodwill” (see Note 2.2.7) if on the acquisition date there is a positive difference between: – the sum of the consideration paid, the amount of all the minority interests and the fair value of the stock previously held in the acquired business; and – the fair value of the assets acquired and liabilities assumed. If this difference is negative, it shall be recognized directly in the income statement under the heading “Negative goodwill recognized in profit or loss”. Minority interests in the acquired entity may be measured in two ways: either at their fair value; or at the proportional percentage of net assets identified in the acquired entity. The method of valuing minority interests may be elected in each business combination. BBVA Group has always elected the second method. Accounting principles and policies and applied valuation methods The accounting principles and policies and the valuation methods applied in the preparation of the consolidated financial statements may differ from those used, at the individual level, by some of the entities that are part of the BBVA Group; This is why, in the consolidation process, the necessary adjustments and reclassifications are made to standardize such principles and criteria among themselves and bring them into line with the IFRS-IASB. In preparing the Consolidated Financial Statements, the following accounting principles and policies and assessment criteria have been applied: Financial instruments IFRS 9 became effective as of January 1, 2018 and replaced IAS 39 regarding the classification and measurement of financial assets and liabilities, the impairment of financial assets and hedge accounting. However, the Group has chosen to continue applying IAS 39 for accounting for hedges as permitted by IFRS 9. Classification and measurement of financial assets Classification of financial assets IFRS 9 contains three main categories for financial assets classification: measured at amortized cost, measured at fair value with changes through other comprehensive income, and measured at fair value through profit or loss. The classification of financial instruments in the categories of amortized cost or fair value depends on the business model with which the entity manages the assets and the contractual characteristics of the cash flows, commonly known as the "solely payments of principal and interest" criterion (hereinafter the "SPPI"). The assessment of the business model should reflect the way the Group manages groups of financial assets and does not depend on the intention for an individual instrument. Thus, for each entity within the BBVA Group there are different business models for managing assets. In order to determine the business model, the following aspects are taken into account: – The way in which the performance of the business model (and that of the assets which comprise such business model) is evaluated and reported to the entity's key personnel; – The risks and their management, which affect the performance of the business model; – The way in which business model managers are remunerated; and – The frequency, amount and timing of sales in previous years, the reasons for such sales and expectations regarding future sales. In this sense, the Group has established policies and has developed procedures in each geographical area to determine when the sales of financial assets classified in the amortized cost category are considered infrequent (even when significant), or are insignificant (even when frequent), to ensure compliance with such business model. Furthermore, it is considered that any sales that may occur because the financial asset is close to maturity, due to an increase in credit risk, or to satisfy liquidity needs, are compatible with the amortized cost model. Regarding the SPPI test, the analysis of the cash flows aims to determine whether the contractual cash flows of the assets correspond only to payments of principal and interest on the principal amount outstanding at the beginning of the transaction. Interest is understood here as the consideration for the time value of money; and for the credit risk associated with the principal amount outstanding during a specific period; and for financing and structure costs, plus a profit margin. The most significant judgments used by the Group in evaluating compliance with the conditions of the SPPI test are the following: – Modified time value: in the event that a financial asset includes a periodic interest rate adjustment but the frequency of this adjustment does not coincide with the term of the reference interest rate (for example, the interest rate reset every six months to a one-year rate), the Group assesses, at the time of the initial recognition, this mismatch to determine whether the contractual cash flows (undiscounted) differ significantly or not from the cash flows (undiscounted) of a benchmark financial asset, for which there would be no change in the time value of money. The defined tolerance thresholds are 10% for the differences in each period and 5% for the analysis accumulated throughout the financial asset life. – Contractual clauses: The contractual clauses that can modify the calendar or the amount of the contractual cash flows are analyzed to verify if the contractual cash flows that would be generated during the life of the instrument due to the exercise of those clauses are only payments of principal and interest on the principal amount outstanding. To do this, the contractual cash flows that may be generated before and after the modification are analyzed. The main criteria taken into account in the analysis are: a. Early termination clauses: generally a contractual clause that permits the debtor to prepay a debt instrument before maturity is consistent with SPPI when the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding (which may include reasonable additional compensation for the early termination of the contract). b. Instruments with an interest rate linked to contingent events: – An instrument whose interest rate is reset to a higher rate if the debtor misses a particular payment may meet the SPPI criterion because of the relationship between missed payments and an increase in credit risk. – An instrument with contractual cash flows that are indexed to the debtor’s performance – e.g. net income or is adjusted based on a certain index or stock market value would not meet the SPPI criterion. c. Perpetual instruments: to the extent that they can be considered instruments with continuous (multiple) extension options, they meet the SPPI test if the contractual flows meet it. When the issuer can defer the payment of interest, if such payment would affect their solvency, they would meet the SPPI test if the deferred interest accrues additional interest, while if they do not, they would not meet the test. – Non-recourse financial instruments: In the case of debt instruments that are repaid primarily with the cash flows of specific assets or projects and the debtor has no legal responsibility, the underlying assets or cash flows are evaluated to determine whether the contractual cash flows of the instrument are consistent with payments of principal and interest on the principal amount outstanding. a. If the contractual terms do not give rise to additional cash flows to payments of principal and interest on the amount of principal outstanding or limitations to these payments, the SPPI test is met. b. If the debt instrument effectively represents an investment in the underlying assets and its cash flows are inconsistent with principal and interest (because they depend on the performance of a business), the SPPI test is not met. – Contractually linked instruments: a look-through analysis is carried out in the case of transactions that are set through the issuance of multiple financial instruments forming tranches that create concentrations of credit risk in which there is an order of priority that specifies how the flows of cash generated by the underlying set of financial instruments are allocated to the different tranches. The debt tranches of the instrument will comply with the requirement that their cash flows represent only payment of principal and interest on the outstanding principal if: a. The contractual terms of the tranche being assessed for classification (without looking through to the underlying pool of financial instruments) give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding, b. The underlying pool of financial instruments comprises instruments with cash flow that are solely payments of principal and interest on the principal amount outstanding, and c. The exposure to credit risk in the underlying pool of financial instruments inherent in the tranche is equal to or lower than the exposure to credit risk of the underlying pool of financial instruments (for example, the credit rating of the tranche being assessed for classification is equal to or higher than the credit rating that would apply to a single tranche that funded the underlying pool of financial instruments). In any event, the contractual conditions that, at the time of the initial recognition, have a minimal effect on cash flows or depend on the occurrence of exceptional and highly unlikely events do not prevent compliance with the conditions of the SPPI test. Based on the above characteristics, financial assets will be classified and valued as described below. A debt instrument will be classified in the amortized cost portfolio if the two following conditions are fulfilled: – The financial asset is managed within a business model whose purpose is to maintain the financial assets to maturity, to receive contractual cash flows; and – The contractual conditions of the financial asset give rise to cash flows that are only payments of principal and interest. A debt instrument will be classified in the portfolio of financial assets at fair value with changes through other comprehensive income if the two following conditions are fulfilled: – The financial asset is managed with a business model whose purpose combines collection of the contractual cash flows and sale of the assets, and – The contractual characteristics of the instrument generate cash flows which only represent the return of the principal and interest. A debt instrument will be classified at fair value with changes in profit and loss provided that the entity's business model for their management or the contractual characteristics of its cash flows do not require classification into one of the portfolios described above. In general, equity instruments will be measured at fair value through profit or loss. However the Group may make an irrevocable election, at initial recognition to present subsequent changes in the fair value through “other comprehensive income”. Financial assets will only be reclassified when BBVA Group decides to change the business model. In this case, all of the financial assets assigned to this business model will be reclassified. The change of the objective of the business model should occur before the date of the reclassification. Measurement of financial assets All financial instruments are initially recognized at fair value, plus, those transaction costs which are directly attributable to the issue of the particular instrument, with the exception of those financial assets which are classified at fair value through profit or loss. All changes in the value of financial assets due to the interest accrual and similar items are recorded in the headings "Interest and other income" or "Interest expense", of the consolidated income statement of the year in which the accrual occurred (see Note 37), except for trading derivatives that are not economic and accounting hedges. The changes in fair value after the initial recognition, for reasons other than those mentioned in the preceding paragraph, are treated as described below, according to the categories of financial assets. “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Financial assets designated at fair value through profit or loss” Financial assets are recorded under the heading “Financial assets held for trading” if the objective of the business model is to generate gains by buying and selling these financial instruments or generate short-term results. The financial assets recorded in the heading “Non-trading financial assets mandatorily at fair value through profit or loss” are derived from a business model which objective is to obtain the contractual cash flows and / or to sell those instruments but its contractual cash flows do not comply with the requirements of the SPPI test. Financial assets are classified in “Financial assets designated at fair value through profit or loss” only if it eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from recognizing or measuring such financial assets on different bases. The assets recognized under these headings of the consolidated balance sheet are measured upon acquisition at fair value and changes in the fair value (gains or losses and foreign exchange differences) are recognized as their net value, when applicable, under the headings “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net” and “Gains (losses) on financial assets designated at fair value through profit or loss, net” in the consolidated income statement (see Note 41). ”Financial assets at fair value through other comprehensive income” – Debt instruments Assets recognized under this heading in the consolidated balance sheets are measured at their fair value. This category of valuation implies the recognition of the information in the income statement as if it were an instrument valued at amortized cost, while the instrument is valued at fair value in the balance sheet. Thus, both interest income on these instruments and the exchange differences and impairment that arise in their case are recorded in the profit and loss account, while subsequent changes in its fair value (gains or losses) are recognized temporarily (by the amount net of tax effect) under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Fair value changes of debt instruments measured at fair value through other comprehensive income” in the consolidated balance sheets (see Note 30). The amounts recognized under the headings “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Fair value changes of debt instruments measured at fair value through other comprehensive income” continue to form part of the Group's consolidated equity until the corresponding asset is derecognized from the consolidated balance sheet or until a loss allowance is recognized on the corresponding financial instrument. If these assets are sold, these amounts are derecognized and included under the headings “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net” in the consolidated income statements (see Note 41). The net loss allowances in “Financial assets at fair value through other comprehensive income” over the year are recognized under the heading “Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification - Financial assets at fair value through other comprehensive income” (see Note 47) in the consolidated income statement for the year. Interest income on these instruments is recorded in the consolidated profit and loss account (see Note 37). Changes in foreign exchange rates are recognized under the heading “Exchange differences, net" in the consolidated income statements (see Note 41). – Equity instruments At the time of initial recognition of specific investments in equity instruments, the BBVA Group may make the irrevocable decision to present subsequent changes in fair value in other comprehensive income. Subsequent changes in this valuation will be recognized in "Accumulated other comprehensive income - Items that will not be reclassified to profit or loss - Fair value changes of equity instruments measured at fair value through other comprehensive income" (see Note 30). Dividends received from these investments are recorded in the heading "Dividend income" in the consolidated income statement (see Note 38). These instruments are not subject to the impairment model of IFRS 9. “Financial assets at amortized cost” The assets under this category are subsequently measured at amortized cost, after initial recognition, using the "effective interest rate" method. In the case of floating rate instruments, including inflation-linked bonds, the periodic updates of cash flows to reflect the movement of interest rates and inflation impact the effective interest rate prospectively. Net loss allowances of assets recorded under these headings arising in each year, calculated using the IFRS 9 model, are recognized under the heading “Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification – Financial assets measured at amortized cost” in the consolidated income statement for such year (see Note 47). Classification and measurement of financial liabilities Classification of financial liabilities Financial liabilities are classified in the following categories: – Financial liabilities at amortized cost; – Financial liabilities that are held for trading, including derivatives, are financial instruments which are recorded in this category when the Group’s objective is to generate gains by buying and selling these financial instruments or generate short-term results; and – Financial liabilities that are designated at fair value through profit or loss on initial recognition under the Fair Value Option. The Group has the option to designate irrevocably, on the initial moment of recognition, a financial liability at fair value through profit or loss provided that doing so results in the elimination or significant reduction of measurement or recognition inconsistency, or if a group of financial liabilities, or a group of financial assets and financial liabilities, has to be managed, and its performance evaluated, on a fair value basis in accordance with a documented risk management or investment strategy. Measurement of financial liabilities Financial liabilities are initially recorded at fair value, less transaction costs that are directly attributable to the issuance of instruments, except for financial instruments that are classified at fair value through profit or loss. Variations in the value of financial liabilities due to the interest accrual and similar items are recorded in the headings “Interest and other income” or “Interest expense”, of the consolidated income statement for the year in which the accrual occurred (see Note 37), except for trading derivatives that are not economic and accounting hedges. The changes in fair value after the initial recognition, for reasons other than those mentioned in the preceding paragraph, are treated as described below, according to the categories of financial liabilities. “Financial liabilities held for trading” and “Financial liabilities designated at fair value through profit

Note 3

Note 3	12 Months Ended
	Dec. 31, 2023
BBVA Group [Abstract]
Disclosure of BBVA Group [Text Block]	BBVA Group The BBVA Group is an international diversified financial group with a significant presence in retail banking, wholesale banking and asset management. The Group also operates in the insurance sector. The following information is detailed in the appendices of these consolidated financial statements of the Group for the year ended December 31, 2023: – Appendix I shows relevant information related to the consolidated subsidiaries and structured entities. – Appendix II shows relevant information related to investments in joint ventures and associates accounted for using the equity method. – Appendix III shows the main changes and notification of investments and divestments in the BBVA Group. – Appendix IV shows fully consolidated subsidiaries with more than 10% owned by non-Group shareholders. The following table sets forth information related to the Group’s total assets as of December 31, 2023, 2022 and 2021, broken down by the Group’s entities according to their activity: Contribution to Consolidated Group total assets. Entities by main activities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Banking and other financial services 737,971 678,809 631,683 Insurance and pension fund managing companies 34,520 30,066 29,657 Other non-financial services 3,068 3,217 1,545 Total 775,558 712,092 662,885 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The total assets and results of operations broken down by operating segments are included in Note 6. The BBVA Group’s activities are mainly located in Spain, Mexico, Turkey and South America, with active presence in the rest of Europe, the United States and Asia: – Spain. The Group’s activity in Spain is mainly carried out through Banco Bilbao Vizcaya Argentaria, S.A. The Group also has other entities that mainly operate in Spain’s financial sector, insurance sector and asset management sector. – Mexico. The BBVA Group operates in Mexico, not only in the banking sector, but also in the insurance sector and the asset management sector, through BBVA Mexico. – Turkey. The Group’s activity in Turkey is mainly carried out through the Garanti BBVA Group in the financial, insurance and asset management sectors. – South America. The BBVA Group’s activities in South America are mainly focused on the banking, financial and insurance sectors, in the following countries: Argentina, Colombia, Peru, Uruguay, Chile and Venezuela. It has a representative office in Sao Paulo (Brazil) and another one in Santiago (Chile). The Group owns more than 50% of most of the Group entities based in these countries. Appendix I shows entities in respect of which the BBVA Group owns less than 50% as of December 31, 2023 (see Note 2.1). – Rest of Europe. Group's activity in Europe (excluding Spain) is carried out by banking and financial institutions, mainly in Switzerland, the Netherlands and Romania and the BBVA Bank's branches in Germany, Belgium, France, Italy, Portugal and the United Kingdom. – The United States. The Group's activity in the United States is mainly carried out by the branch of Banco Bilbao Vizcaya Argentaria, S.A. in New York, the agency of BBVA Mexico in Houston, participations in technology companies through funds and investment vehicles and the broker-dealer business BBVA Securities Inc. – Asia. The Group's activity in Asia is conducted through the Bank's branches (Taipei, Tokyo, Hong Kong, Singapore and Shanghai) and representative offices (Beijing, Seoul, Mumbai, Abu Dhabi and Jakarta). Significant transactions in the Group in 2023 During the year 2023 no significant corporate transactions have been carried out. Significant transactions in the Group in 2022 Investments Announcement of the agreement with Neon Payments Limited On February 14, 2022, BBVA announced the agreement with the company Neon Payments Limited (the "Company" in this section) for the subscription of 492,692 preference shares, representing approximately 21.7% of its share capital, through a share capital increase and in consideration of approximately USD 300 million (equal to approximately €263 million, using the applicable 1.14 EUR/USD exchange rate as of February 11, 2022). The Company, which is incorporated and domiciled in the United Kingdom, is the owner of 100% of the shares of the Brazilian company Neon Pagamentos S.A. As of February 14, 2022, BBVA was already the indirect owner of approximately 10.2% of the share capital of the Company through companies where BBVA owns more than 99% of the share capital. As of December 31, 2022, BBVA held, directly and indirectly, 29.2% of the share capital of the Company (30.1% as of December 31, 2023). Despite owning more than 20% of the share capital, BBVA's ability to influence the Company´s financial and operating decisions policies is very limited, so the investment is recognized under the heading "Non-trading financial assets mandatorily at fair value through profit or loss" (see Note 11). Voluntary takeover bid for the entire share capital of Türkiye Garanti Bankası A.Ş (Garanti BBVA) On November 15, 2021, BBVA announced a voluntary takeover bid (hereinafter "VTB") addressed to the 2,106,300,000 shares 3 not controlled by BBVA, which represented 50.15% of the total share capital of Türkiye Garanti Bankası A.Ş (hereinafter "Garanti BBVA"). BBVA submitted for authorization an application of the VTB to the supervisor of the securities markets in Turkey (Capital Markets Board, hereinafter "CMB") on November 18, 2021. On March 31, 2022, CMB approved the offer information document and on the same day BBVA announced the commencement of the VTB acceptance period on April 4, 2022. On April 25, 2022 BBVA informed of an increase of the cash offer price per Garanti BBVA share from that initially announced (12.20 Turkish lira) to 15.00 Turkish lira. On May 18, 2022, BBVA announced the finalization of the offer acceptance period, with the acquisition of 36.12% of Garanti BBVA’s share capital. The total amount paid by BBVA was approximately 22,758 million Turkish lira (equivalent to approximately €1,390 million 4 including the expenses associated with the transaction and net of the collection of the dividends corresponding to the stake acquired). The transaction resulted in a capital gain of approximately €924 million (including the impacts after the application of IAS 29 "Financial Reporting in Hyperinflationary Economies", see Note 2.2.18). An amount of €3,609 million was recorded under the heading “Other reserves” and there was a reclassification to “Accumulated other comprehensive income (loss)” corresponding to the 36.12% acquired from minority interests to “Accumulated other comprehensive income (loss)” of the parent company for an amount of €-2,685 million. The total derecognition associated with the transaction of the heading “Minority interests” considering “Other items” and “Accumulated other comprehensive income (loss)” amounted to €-2,541 million. The percentage of total share capital of Garanti BBVA owned by BBVA (after the completion of the VTB on May 18, 2022) was 85.97%. In relation to the rest of the effects of the application of IAS 29 "Financial Reporting in hyperinflationary economies" on the entities of the Group in Turkey, see Note 2.2.18 to these Consolidated Financial Statements. Significant transactions in the Group in 2021 Divestitures Sale of BBVA’s U.S. Bancshares, Inc. to PNC Financial Service Group On June 1, 2021, after obtaining all the required authorizations, BBVA completed the sale to The PNC Financial Services Group, Inc. of 100% of the capital stock of its subsidiary BBVA USA Bancshares, Inc., which in turn owned all the capital stock of the bank, BBVA USA. The consideration received in cash by BBVA, as a consequence of the referred sale, amounted to approximately USD 11,500 million (price provided in the agreement minus the agreed closing price adjustments) equivalent to approximately €9,600 million (with an exchange rate of 1.20 EUR / USD). The accounting of both the results generated by BBVA USA Bancshares, Inc. since the announcement of the transaction and of its closing had an aggregate positive impact on the BBVA Group's Common Equity Tier 1 (fully loaded) ratio of approximately 294 basis points, which includes the generation of capital contributed by the subsidiary to the Group until the closing of the transaction (on June 1, 2021) and a profit net of taxes of €582 million. The calculation of the impact on Common Equity Tier 1 was made taking into account the amount of the transaction in euros and BBVA Group's financial statements as of June 2021. The BBVA Group continues to develop the institutional and wholesale business in the United States that it currently carries out through its broker-dealer BBVA Securities Inc. and its branch in New York. BBVA also maintains its investment activity in the fintech sector through its participation in Propel Venture Partners US Fund I, L.P. Sale of the BBVA Group's stake in Paraguay On January 22, 2021, once the mandatory authorizations were obtained, BBVA completed the sale of its direct and indirect shareholding of 100% of the capital stock of Banco Bilbao Vizcaya Argentaria Paraguay, S.A. (“BBVA Paraguay”) to Banco GNB Paraguay S.A., a subsidiary of the Gilinski Group. This transaction was originally agreed in 2019. The total amount received by BBVA amounted to approximately USD 250 million (approximately €210 million). The transaction generated a capital loss net of taxes of approximately €9 million. This transaction had a positive impact on the Common Equity Tier 1 (fully loaded) of the BBVA Group of approximately 6 basis points, which is reflected in the capital base of the BBVA Group in the fiscal year 2021.

Note 4

Note 4	12 Months Ended
	Dec. 31, 2023
Shareholder Remuneration System [Abstract]
Disclosure of shareholder remuneration system [Text Block]	Shareholder remuneration system Shareholder remuneration during financial year 2021 Cash distributions In the context of the COVID-19 pandemic BBVA notified on January 29, 2021, by means of an Inside Information filing with the CNMV (hereinafter, “Inside Information”), that it intended to resume its shareholder remuneration policy announced on February 1, 2017, by means of Relevant Information number 247679 in 2021, contingent upon the repealing of recommendation ECB/2020/62 and the absence of further restrictions or limitations. The Annual General Shareholders' Meeting held on April 20, 2021 approved, in the third item of its agenda, a cash distribution from the share premium account of BBVA of €0.059 gross for each of the Bank's outstanding shares which are entitled to participate in the aforementioned distribution, all this in compliance with recommendation ECB/2020/62 on dividend payments during the COVID-19 pandemic, which was paid on April 29, 2021. The total amount was €393 million and was recognized under the heading “Total Equity – Shareholder's Funds – Share Premium” of the consolidated balance sheet as of December 31, 2021 (see Note 27). On July 23, 2021, the European Central Bank (hereinafter "ECB") published the approval of recommendation ECB/2021/31 repealing recommendation ECB/2020/62 from September 30, 2021, whereby the ECB indicated that it would assess capital, dividend distribution and share buyback plans of each financial institution in the context of its ordinary supervisory process, eliminating the remaining restrictions on dividend and share buyback related matters established in recommendation ECB/2020/62. In line with the above, BBVA communicated by means of an Inside Information on September 30, 2021 that the Board of Directors of BBVA had approved the payment of a cash interim dividend of €0.08 gross (€0.0648 net of withholding tax) per each outstanding BBVA share on account of the 2021 dividend. The total amount paid to shareholders on October 12, 2021, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €532 million and is recognized under the heading "Shareholder’s funds - Total equity- Interim dividends" of the consolidated balance sheet as of December 31, 2021. Amendment of Shareholder Remuneration Policy BBVA's Board of Directors announced by means of Relevant Information, on November 18, 2021, the amendment of the Group's shareholder remuneration policy (announced on February 1, 2017 by means of Relevant Information), establishing as a policy to distribute annually between 40% and 50% of the consolidated ordinary profit for each year (excluding amounts and items of an extraordinary nature included in the consolidated income statement), compared to the previous policy that established a distribution between 35% and 40%. This policy is implemented through the distribution of an interim dividend for the year (which is expected to be paid in October of each year) and a final dividend or final distribution (which is expected to be paid at the end of the year and once the application of the result is approved, foreseeably in April of each year), with the possibility of combining cash distributions with share buybacks, all subject to the corresponding authorizations and approvals applicable at any given time. Shareholder remuneration during financial year 2022 Cash distributions During the 2022 financial year, the Annual General Shareholders' Meeting and the Board of Directors approved the payment of the following cash amounts: – The Annual General Shareholders' Meeting of BBVA held on March 18, 2022, approved, under item 2 of the Agenda, a cash distribution from the voluntary reserves account as additional shareholder remuneration for the 2021 fiscal year, for an amount equal to €0.23 (€0.1863 net of withholding tax) per outstanding BBVA share entitled to participate in this distribution, which was paid on April 8, 2022. The total amount paid, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €1,463 million. – The Board of Directors communicated by means of an Inside Information on September 29, 2022 that the Board of Directors of BBVA approved the payment of a cash interim dividend of €0.12 (€0.0972 net of withholding tax) per outstanding BBVA share against 2022 results. The total amount paid to shareholders on October 11, 2022, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €722 million and is recognized under the heading “Total Equity- Interim Dividends” of the consolidated balance sheet as of December 31, 2022. Shareholder remuneration during financial year 2023 Cash distributions During the 2023 financial year, the Annual General Shareholders' Meeting and the Board of Directors approved the payment of the following cash amounts: – The Annual General Shareholders´ Meeting of BBVA held on March 17, 2023, approved, under item 1.3 of the Agenda, a cash distribution against the 2022 results as a final dividend for the 2022 fiscal year, for an amount equal to €0.31 (€0.2511 net of withholding tax) per outstanding BBVA share entitled to participate in this distribution, which was paid on April 5, 2023. The total amount paid, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €1,857 million. – The Board of Directors, at its meeting held on September 27, 2023, resolved the payment of a cash interim dividend of €0.16 (€0.1296 net of withholding tax) per outstanding share on account of the 2023 dividend, to be paid on October 11, 2023. The total amount paid, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €951 million. The forecasted financial statement, drawn up in compliance with the applicable legal requirements, which evidenced the existence of sufficient liquidity to distribute the abovementioned amount approved by the Board of Directors of BBVA on September 27, 2023 was the following: Available amount for interim dividend payments (Millions of Euros) August 31, 2023 Profit of BBVA, S.A., after the provision for income tax 3,946 Maximum amount distributable 3,946 Amount of proposed interim dividend 954 BBVA cash balance available to the date 40,855 Other shareholder remuneration On January 30, 2024, it was announced that a cash distribution in the amount of €0.39 gross per share to be paid in April as a final dividend for the year 2023 and the execution of a share buyback program of BBVA for an amount of €781 million were planned to be proposed to the corresponding corporate bodies for consideration as ordinary remuneration to shareholders for 2023, subject to obtaining the corresponding regulatory authorizations and the communication of the specific terms and conditions of the program before its execution. On March 1, 2024, after receiving the required authorization from the ECB, BBVA announced through an Inside Information notice the execution of such buyback program for the repurchase of own shares in accordance with the Regulation (EU) no. 596/2014 of the European Parliament and the Council of April 16, 2014 on market abuse and Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programs and stabilization measures (the “Regulations”), aimed at reducing BBVA’s share capital by a maximum monetary amount of €781 million. The program will be executed externally through Citigroup Global Markets Europe AG, starting on March 4, 2024. Share buyback program Share buyback programs in 2021 and 2022 On October 26, 2021, BBVA obtained the pertinent authorization from the ECB to buy back up to 10% of its share capital for a maximum of €3,500 million, in one or several tranches and over the course of a 12-month period (the “Authorization”). Upon receiving the Authorization and making use of the delegation conferred by the BBVA Annual General Shareholders' Meeting held on March 16, 2018, at its meeting of October 28, 2021, BBVA Board of Directors resolved to carry out a share buyback program scheme in compliance with the Regulations, executed in various tranches up to a maximum of €3,500 million, with the aim of reducing BBVA's share capital (the “Program Scheme”), notwithstanding the possibility of terminating or cancelling the Program Scheme at an earlier date where advisable due to the concurrence of a series of specific circumstances, as well as to carry out a first share buyback program within the scope of the Program Scheme (the "First Tranche") for the purpose of reducing BBVA's share capital, which was notified by means of Inside Information on October 29, 2021. On November 19, 2021, BBVA notified by means of Inside Information that the First Tranche would be executed externally, starting on November 22, 2021, through J.P. Morgan AG as lead manager, for a maximum amount of €1,500 million, for the purchase of a maximum of 637,770,016 shares representing, approximately, 9.6% of BBVA's share capital. By means of Other Relevant Information filing dated March 3, 2022, BBVA announced the completion of the execution of the First Tranche upon reaching the maximum monetary amount of €1,500 million, having acquired 281,218,710 own shares representing, approximately, 4.22% of BBVA's share capital as of that date. On June 15, 2022, BBVA notified the partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 18, 2022, through the reduction of BBVA’s share capital in a nominal amount of €137,797,167.90 and the consequent redemption, charged to unrestricted reserves, of 281,218,710 own shares of €0.49 par value each acquired derivatively by the Bank in execution of the First Tranche and which were held in treasury shares (see Notes 26, 27, 28 and 29). On February 3, 2022, BBVA notified by means of Inside Information that its Board of Directors had agreed, within the scope of the Program Scheme, to carry out a second buyback program for the repurchase of own shares (the “Second Tranche”) aimed at reducing BBVA’s share capital, for a maximum amount of €2,000 million and a maximum number of shares to be acquired equal to the result of subtracting from 637,770,016 own shares (9.6% of BBVA’s share capital at that date) the number of own shares finally acquired in execution of the First Tranche (unfinished as of that date). As a continuation of the previous communication, on March 16, 2022 BBVA informed by means of Inside Information that it had agreed to execute the Second Tranche: i) through the execution of a first segment for an amount of up to €1,000 million, and with a maximum number of shares to be acquired of 356,551,306 shares (the "First Segment"), externally through Goldman Sachs International as lead manager, who would execute the purchase transactions through the broker Kepler Cheuvreux, S.A.; and (ii) once execution of the First Segment had been completed, through the execution of a second segment that would complete the Framework Program (the "Second Segment"). By means of Other Relevant Information dated May 16, 2022, BBVA announced the completion of the execution of the First Segment upon reaching the maximum monetary amount of €1,000 million, having acquired 206,554,498 shares representing, approximately, 3.1% of BBVA's share capital as of said date. On June 28, 2022, BBVA communicated through Inside Information the agreement to complete the Program Scheme by executing the Second Segment, for a maximum amount of €1,000 million and a maximum number of own shares to be acquired of 149,996,808. The execution of the Second Segment took place through Citigroup Global Markets Europe AG as lead manager, as BBVA informed through Inside Information on June 29, 2022. By means of Other Relevant Information dated August 19, 2022, BBVA announced the completion of the execution of the Second Segment upon reaching the maximum number of shares (149,996,808) representing, approximately, 2.3% of BBVA's share capital as of said date (which amounted to approximately €660 million). On September 30, 2022, BBVA notified through Other Relevant Information an additional partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 18, 2022, through the reduction of BBVA’s share capital in a nominal amount of €174,710,139.94 and the consequent redemption, charged to unrestricted reserves, of 356,551,306 own shares of €0.49 par value each acquired derivatively by the Bank in execution of the First Segment and Second Segment of the share buyback program scheme and which were held in treasury shares (see Notes 26, 27, 28 and 29). The Program Scheme was considered as an extraordinary shareholder distribution and was therefore not included in the scope of the shareholder remuneration policy described above. Share buyback programs in 2023 On February 1, 2023, BBVA announced, among others, that it planned to submit for the consideration of the corresponding BBVA governing bodies the execution of a €422 million share buyback program as ordinary distribution in relation to the 2023 results, subject to obtaining the corresponding regulatory authorizations and to the communication of the specific terms and conditions of the share buy-back program before its execution, as an ordinary distribution of 2023. On March 17, 2023, after receiving the required authorization from the ECB, BBVA announced through an Inside Information notice the execution of a time-scheduled buyback program for the repurchase of own shares in accordance with the Regulations, aimed at reducing BBVA’s share capital by a maximum monetary amount of €422 million. The execution was carried out internally by BBVA, executing the trades through BBVA. By means of an Other Relevant Information notice dated April 21, 2023, BBVA announced the completion of the share buyback program upon reaching the maximum monetary amount of €422 million, having acquired 64,643,559 own shares, between March 20 and April 20, 2023, representing, approximately, 1.07% of BBVA's share capital as of said date. On June 2, 2023, BBVA notified through an Other Relevant Information notice a partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 17, 2023, under item 3 of the agenda through the reduction of BBVA’s share capital in a nominal amount of €31,675,343.91 and the consequent redemption, charged to unrestricted reserves, of 64,643,559 own shares of €0.49 par value each acquired derivatively by BBVA in execution of the share buyback program scheme and which were held in treasury shares (see Notes 26, 27, 28 and 29). On July 28, 2023, BBVA communicated through Inside information its request to the ECB for the correspondent supervisory authorization in order to carry out a share buyback program of up to €1,000 million, subject to the authorization requested being granted, to the adoption of the corresponding corporate resolutions and to the communication of the specific terms and conditions of the share buyback program before its execution. This share buy-back program was considered as an extraordinary shareholder distribution. On October 2, 2023, after receiving the required authorization from the ECB, BBVA announced that it would implement a buyback program for the repurchase of own shares in accordance with the Regulations, aimed at reducing BBVA’s share capital by a maximum monetary amount of €1,000 million. The execution was carried out internally by BBVA, executing the trades through BBVA. By means of an Other Relevant Information notice dated November 29, 2023, BBVA announced the completion of the share buyback program upon reaching the maximum monetary amount of €1,000 million, having acquired 127,532,625 own shares, between October 2 and November 29, 2023, representing, approximately, 2.14 % of BBVA's share capital as of said later date. On December 19, 2023, BBVA notified through an Other Relevant Information notice the second partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 17, 2023, under item 3 of the agenda through the reduction of BBVA’s share capital in a nominal amount of €62,490,986.25 and the consequent redemption, charged to unrestricted reserves, of 127,532,625 own shares of €0.49 par value each acquired derivatively by BBVA in execution of the share buyback program scheme and which were held in treasury shares (see Notes 26, 27, 28 and 29). Proposal on allocation of earnings of BBVA, S.A. for 2023 Below is included a breakdown of the distribution of the Bank´s earnings for financial year 2023, which the Board of Directors will submit to the Annual General Shareholders' Meeting for approval. Allocation of earnings (Millions of Euros) 2023 Profit (loss) for the year 4,807 Distribution Interim dividends 952 Final dividend 2,277 Reserves / Accumulated gains 1,579

Note 5

Note 5	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Disclosure of earnings per share [text block]	Earnings per share Basic and diluted earnings per share are calculated in accordance with the criteria established by IAS 33 "Earnings per share". For more information see Glossary. The calculation of earnings per share is as follows: Basic and Diluted Earnings per Share 2023 2022 ⁽¹⁾ 2021 Numerator for basic and diluted earnings per share (millions of euros) Profit attributable to parent company 8,019 6,358 4,653 Adjustment: Additional Tier 1 securities ⁽²⁾ (345) (313) (359) Profit adjusted (millions of euros) (A) 7,675 6,045 4,293 Profit (loss) from continued operations (net of remuneration of Additional Tier 1 capital instruments) 7,675 6,045 4,014 Profit (loss) from discontinued operations (net of non-controlling interests) (B) — — 280 Denominator for basic earnings per share (number of shares outstanding) Weighted average number of shares outstanding 5,988 6,424 6,668 Average treasury shares (5) (9) (12) Share buyback program ⁽³⁾ (28) (225) (255) Adjusted number of shares - Basic earnings per share (C) 5,954 6,189 6,401 Adjusted number of shares - diluted earnings per share (D) 5,954 6,189 6,401 Earnings (losses) per share 1.29 0.98 0.67 Basic earnings (losses) per share from continuing operations (Euros per share) A-B/C 1.29 0.98 0.63 Diluted earnings (losses) per share from continuing operations (Euros per share) A-B/D 1.29 0.98 0.63 Basic earnings (losses) per share from discontinued operations (Euros per share) B/C — — 0.04 Diluted earnings (losses) per share from discontinued operations (Euros per share) B/D — — 0.04 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4). (3) For the calculation of earnings per share: (i) in 2023 the average number of shares takes into account the two redemptions made corresponding to the shares buyback programs announced in that year; (ii) in 2022 the average number of shares takes into account the two redemptions made corresponding to the shares buyback program announced in that 2021; and (iii) in the year 2021, the average number of shares takes into account 112 million shares acquired under the shares buyback program and the estimated number of shares pending to be acquired under the first tranche as of December 31, 2021 (see Note 4). As of December 31, 2023, 2022 and 2021, there were no other financial instruments or share option commitments to employees that could potentially affect the calculation of the diluted earnings per share for the years presented. For this reason, basic and diluted earnings per share are the same.

Note 6

Note 6	12 Months Ended
	Dec. 31, 2023
Operating Segment Reporting [Abstract]
Disclosure of operating segments [text block]	Operating segment reporting Operating segment reporting represents a basic tool in the oversight and management of the BBVA Group’s various activities. The BBVA Group compiles reporting information on disaggregated business activities. These business activities are then aggregated in accordance with the organizational structure determined by the BBVA Group's Management and, ultimately, into the reportable operating segments themselves. As of December 31, 2023, the structure of the information by operating segments reported by the BBVA Group remains the same as that as of the closing of the 2022 financial year. The BBVA Group's areas or operating segments are summarized below: – Spain includes mainly the banking, insurance and asset management businesses that the Group carries out in Spain. – Mexico includes the banking, insurance and asset management businesses in this country as well as the activity that BBVA Mexico carries out through its agency in Houston. – Turkey reports the activity of the Garanti BBVA group that is mainly carried out in this country and, to a lesser extent, in Romania and the Netherlands. – South America includes the banking, finance, insurance and asset management businesses carried out mainly in Argentina, Chile, Colombia, Peru, Uruguay and Venezuela. – Rest of Business mainly includes the wholesale activity carried out in Europe (excluding Spain), the United States and (through BBVA branches located therein) Asia. The Corporate Center performs centralized Group functions, including: the costs of the head offices with a corporate function, management of structural exchange rate positions; portfolios whose management is not linked to customer relationships, such as financial and industrial holdings; stakes in Funds & Investment Vehicles in tech companies; certain tax assets and liabilities; funds for employee commitments; goodwill and other intangible assets, as well as the financing of such portfolios and assets. Additionally, the results obtained by the Group's businesses in the United States until the sale to PNC on June 1, 2021, are presented in a single line under the heading "Profit (loss) after tax from discontinued operations" in the condensed consolidated income statement of the Corporate Center. Finally, the costs related to the Banco Bilbao Vizcaya Argentaria, S.A. collective layoff procedure and closing of the offices carried out in Spain in 2021, recorded in the lines "Provisions", "Provisions or reversal of provisions", "Impairment or reversal of impairment on non-financial assets" and "Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations", respectively (see Notes 24, 46, 49 and 50). The breakdown of the BBVA Group’s total assets by operating segments as of December 31, 2023, 2022 and 2021 is as follows: Total Group assets by operating segments (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Spain 457,624 427,116 413,477 Mexico 173,489 142,557 118,106 Turkey 68,329 66,036 56,245 South America 64,779 61,951 56,124 Rest of Business 64,274 49,952 40,314 Subtotal assets by operating segments 828,495 747,613 684,266 Corporate Center and adjustments (52,936) (35,520) (21,381) Total assets BBVA Group 775,558 712,092 662,885 (1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see Notes 1.3 and 2.3). The following table sets forth certain summarized information relating to results of each operating segment and Corporate Center for the years ended December 31, 2023, 2022 and 2021: Main margins and profit by operating segments (Millions of euros) Operating Segments BBVA Group Spain Mexico Turkey South America Rest of Business Corporate Center and adjustments (1) 2023 Net interest income 23,089 5,620 11,054 1,869 4,394 539 (386) Gross income 29,542 7,888 14,267 2,981 4,331 1,103 (1,029) Operating profit (loss) before tax 12,419 3,947 7,359 1,325 1,206 479 (1,898) Net attributable profit (loss) 8,019 2,755 5,340 528 613 389 (1,607) 2022 (2) Net interest income 19,124 3,774 8,378 2,611 4,138 332 (109) Gross income 24,743 6,112 10,734 3,172 4,265 790 (329) Operating profit (loss) before tax 10,268 2,610 5,620 1,636 1,434 277 (1,309) Net attributable profit (loss) 6,358 1,667 4,131 505 738 240 (922) 2021 Net interest income 14,686 3,502 5,836 2,370 2,859 281 (163) Gross income 21,066 5,925 7,603 3,422 3,162 741 212 Operating profit (loss) before tax 7,247 2,122 3,528 1,953 961 314 (1,632) Profit (loss) after tax from discontinued operations 280 — — — — — 280 Net attributable profit (loss) 4,653 1,581 2,568 740 491 254 (980) (1) Adjustments include: (I) the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17); and (II) the costs associated with the collective layoff procedure and the closing of offices in 2021 (see Note 24). (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3).

Note 7

Note 7	12 Months Ended
	Dec. 31, 2023
Risk Management [Abstract]
Disclosure of risk management [Text Block]	Risk management Risk factors The BBVA Group has processes in place for identifying risks and analyzing scenarios in order to enable the Group to manage risks in a dynamic and proactive way. The risk identification processes are forward looking to seek the identification of emerging risks and take into account the concerns of both the business areas, which are close to the reality of the different geographical areas, and the corporate areas and senior management. Risks are identified and measured consistently using the methodologies deemed appropriate in each case. Their measurement includes the design and application of scenario analyses and stress testing and considers the controls to which the risks are subjected. As part of this process, a forward projection of the Risk Appetite Framework (hereinafter "RAF") variables in stress scenarios is conducted in order to identify possible deviations from the established thresholds. If any such deviations are detected, measures are taken to seek to keep the variables within the target risk profile. In this context, there are a number of emerging risks that could affect the evolution of the Group’s business, including the below: Macroeconomic and geopolitical risks The Group is sensitive to the deterioration of economic conditions, the alteration of the institutional environment of the countries in which it operates, and the Group is exposed to sovereign debt especially in Spain, Mexico and Turkey. The global economy is currently facing a number of extraordinary challenges. The war in Ukraine and the sanctions imposed against and by Russia have led to significant disruption, instability and volatility in global markets, as well as higher inflation and lower economic growth, mostly due to higher energy prices, which have stabilized more recently. Although oil and gas prices have reduced and financial volatility has eased, there is still a risk that geopolitical tensions lead to additional increases in input prices and financial instability, particularly following the tensions triggered by the armed conflict in the Middle East, including the recent disruptions to maritime trade routes in the Red Sea. Another global macroeconomic risk is the possibility of a sharp growth slowdown in China, which could lead to lower GDP expansion than currently expected in many geographies. Although it may be possible to offset part of the expected growth slowdown through the adoption of certain fiscal, monetary and regulatory measures by the authorities, there are risks related to tensions in the real estate markets and the possible effects of the United States economic sanctions, among others. Geopolitical and economic risks have also increased in recent years as a result of trade tensions between the United States and China, Brexit, and the rise of populism, among other factors. Growing tensions may lead, among other things, to a deglobalization of the world economy, an increase in protectionism, a general reduction of international trade in goods and services and a reduction in the integration of financial markets, any of which could materially and adversely affect the Group’s business, financial condition and results. Moreover, the world economy could be vulnerable to other factors, such as a restrictive monetary policy, in a context of relatively high inflationary pressures, which could cause a significant growth slowdown - and, even, a sharp economic recession - as well as new episodes of financial stress. The Group’s results of operations have been particularly affected by the increases in interest rates adopted by central banks in an attempt to tame inflation, contributing to the rise in both interest revenue and interest expenses. In addition, the persistence of high interest rates could adversely affect the Group by reducing the demand for credit and leading to an increase in the default rate of its borrowers and other counterparties. On the other hand, the process of reducing interest rates has already begun in many geographies and could begin by mid-2024 in the United States and the Eurozone as well. Moreover, the Group’s results of operations have been affected by the high inflation in all countries in which BBVA operates, especially Turkey and Argentina. The Group is exposed, among others, to the following general risks with respect to the economic and institutional environment in the countries in which it operates: a deterioration in economic activity in the countries in which it operates, including recession scenarios; more persistent inflationary pressures, which could trigger a more severe tightening of monetary conditions; stagflation due to more intense or prolonged supply crises; changes in exchange rates; an unfavorable evolution of the real estate market; a significant increase in oil and gas prices, which would have a negative impact on disposable income levels in areas that are net energy importers, such as Spain or Turkey, to which the Group is particularly exposed; changes in the institutional environment of the countries in which the Group operates, which could give rise to sudden and sharp drops in GDP and/or changes in regulatory or government policy, including in terms of exchange controls and restrictions on the distribution of dividends or the imposition of new taxes or charges; growth in the public debt or in the external deficit could lead to a downward revision of the credit ratings of the sovereign debt and even a possible default or restructuring of such debt; and episodes of volatility in the financial markets, which could cause significant losses for the Group. In particular, in Argentina, the risk of economic and financial turbulence persists in a context of regulatory, economic and political uncertainty, and in which the adjustments announced by the new government to correct the high economic distortions, including a strong fiscal adjustment and a significant exchange rate depreciation, have further reinforced short-term inflationary pressures. In Spain, political, regulatory and economic uncertainty has also increased since the July general elections; there is a risk that policies could have an adverse impact on the economy. In Mexico, uncertainty is related mainly to the June 2024 elections and the possible policies of the new government. Finally, in Colombia and Peru, climatic factors and greater social conflict could eventually have a negative impact on the economy. Any of these factors may have a significant adverse impact on the Group’s business, financial condition and results of operations. Risks relating to the political, economic and social conditions in Turkey In May 2022, the Group increased its shareholding stake in Garanti BBVA (Turkey) from 49.85% to 85.97% following the completion of a voluntary takeover bid (see Note 3). There are increasing signs of normalization in economic policy in general, and monetary policy in particular, since the general elections held in May 2023, which may lead to a gradual correction of the current distortions. Despite the gradual improvement of macroeconomic conditions, the situation remains relatively unstable, characterized by a gradual depreciation of the Turkish lira, high inflation, a significant trade deficit, low central bank’s foreign reserves and high external financing costs. The earthquakes of February 2023 deepened Turkey's economic struggles. In addition to the vast human losses caused by it, the earthquakes added pressure on inflation as well as the external and fiscal balances. Continuing unfavorable economic conditions in Turkey may result in a potential deterioration in the purchasing power and creditworthiness of the clients of the Group (both individuals and corporations). In addition, the relatively low official interest rates (despite the recent upward adjustments) in a context of still high inflation, the regulatory and macroprudential policies affecting the banking sector and currency depreciation have affected and may continue to affect the Group’s results. Additionally, certain geopolitical factors, such as the war in Ukraine and the armed conflict in the Middle East, and internal political developments, generate uncertainty about the evolution of the economy and could trigger scenarios of greater instability. There can be no assurance that these and other factors will not have an impact on Turkey and will not cause further deterioration of the Turkish economy, which may have a material adverse effect on the Turkish banking sector and the Group’s business, financial condition and results of operations in Turkey. Regulatory and reputational risks Financial institutions are exposed to a complex and ever-changing regulatory environment defined by governments and regulators. Regulatory activity in recent years has affected multiple areas, including changes in accounting standards; strict regulation of capital, liquidity and remuneration; bank charges and taxes on financial transactions; regulations affecting mortgages, banking products and consumers and users; recovery and resolution measures; stress tests; prevention of money laundering and terrorist financing; market abuse; conduct in the financial markets; anti-corruption; and requirements as to the periodic publication of information. Governments, regulatory authorities and other institutions continually make proposals to strengthen the resistance of financial institutions to future crises. Further, there is an increasing focus on the climate-related financial risk management capabilities of banks. Any change in the Group’s business that is necessary to comply with any particular regulations at any given time, especially in Spain, Mexico or Turkey, could lead to a considerable loss of income, limit the Group’s ability to identify business opportunities, affect the valuation of its assets, force the Group to increase its prices and, therefore, reduce the demand for its products, impose additional costs on the Group or otherwise adversely affect its business, financial condition and results of operations. The financial sector is under ever closer scrutiny by regulators, governments and society itself. In the course of activities, situations which might cause relevant reputational damage to the Group could arise and might affect the regular course of business. New business and operational and legal risks New technologies and forms of customer relationships: Developments in the digital world and in information technologies pose significant challenges for financial institutions, entailing threats (new competitors, disintermediation, etc.) but also opportunities (new framework of relations with customers, greater ability to adapt to their needs, new products and distribution channels, etc.). Digital transformation is a priority for the Group as it aims to lead digital banking of the future as one of its objectives. Technological risks and security breaches: The Group is exposed to new threats such as cyber-attacks, theft of internal and customer databases, fraud in payment systems, etc. that require major investments in security from both the technological and human point of view. The Group gives great importance to the active operational and technological risk management and control. Any attack, failure or deficiency in the Group’s systems could, among other things, lead to the misappropriation of funds of the Group’s clients or the Group itself and the unauthorized disclosure, destruction or use of confidential information, as well as prevent the normal operation of the Group and impair its ability to provide services and carry out its internal management. In addition, any attack, failure or deficiency could result in the loss of customers and business opportunities, damage to computers and systems, violation of regulations regarding data protection and/or other regulations, exposure to litigation, fines, sanctions or interventions, loss of confidence in the Group’ s security measures, damage to its reputation, reimbursements and compensation, and additional regulatory compliance expenses and could have a significant adverse impact on the Group’ s business, financial condition and results of operations. Legal risks: The financial sector faces an environment of increasing regulatory and litigious pressure, and thus, the various Group entities are frequently party to individual or collective judicial proceedings (including class actions) resulting from their activity and operations, as well as arbitration proceedings. The Group is also party to government procedures and investigations, such as those carried out by the antitrust authorities in certain countries which, among other things, have in the past and could in the future result in sanctions, as well as lead to claims by customers and others. In addition, the regulatory framework in the jurisdictions in which the Group operates is evolving towards a supervisory approach more focused on the opening of sanctioning proceedings while some regulators are focusing their attention on consumer protection and behavioral risk. In Spain and in other jurisdictions where the Group operates, legal and regulatory actions and proceedings against financial institutions, prompted in part by certain judgments in favor of consumers handed down by national and supranational courts (with regards to matters such as credit cards and mortgage loans), have increased significantly in recent years and this trend could continue in the future. Legal and regulatory actions and proceedings faced by other financial institutions in relation to these and other matters, especially if such actions or proceedings result in favorable resolutions for the consumer, could also adversely affect the Group. All of the above may result in a significant increase in operating and compliance costs or even a reduction of revenues, and it is possible that an adverse outcome in any proceedings (depending on the amount thereof, the penalties imposed or the procedural or management costs for the Group) could damage the Group's reputation, generate a knock-on effect or otherwise adversely affect the Group. It is difficult to predict the outcome of legal and regulatory actions and proceedings, both those to which the Group is currently exposed and those that may arise in the future, including actions and proceedings relating to former Group subsidiaries or in respect of which the Group may have indemnification obligations. Any of such outcomes could be significantly adverse to the Group. In addition, a decision in any matter, whether against the Group or against another credit entity facing similar claims as those faced by the Group, could give rise to other claims against the Group. In addition, these actions and proceedings attract resources from the Group and may occupy a great deal of attention on part of the Group's management and employees. As of December 31, 2023, the Group had €696 million in provisions for the proceedings it is facing (included in the line "Provisions for taxes and other legal contingencies" in the consolidated balance sheet) (see Note 24), of which €539 million correspond to legal contingencies and €158 million to tax related matters. However, the uncertainty arising from these proceedings (including those for which no provisions have been made, either because it is not possible to estimate them or for other reasons) makes it impossible to guarantee that the possible losses arising from these proceedings will not exceed, where applicable, the amounts that the Group currently has provisioned and, therefore, could affect the Group's consolidated results in a given period. As a result of the above, legal and regulatory actions and proceedings currently faced by the Group or to which it may become subject in the future or otherwise affected by, individually or in the aggregate, if resolved in whole or in part adversely to the Group's interests, could have a material adverse effect on the Group’s business, financial condition and results of operations. Spanish judicial authorities are investigating the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (“Cenyt”). Such investigation includes the provision of services by Cenyt to BBVA. On July 29, 2019, BBVA was named as an investigated party (investigado) in a criminal judicial investigation (Preliminary Proceeding No. 96/2017 – Piece No. 9, Central Investigating Court No. 6 of the National High Court) for alleged facts which could constitute bribery, revelation of secrets and corruption. Certain current and former officers and employees of the Group, as well as former directors, have also been named as investigated parties in connection with this investigation. Since the beginning of the investigation, BBVA has been proactively collaborating with the Spanish judicial authorities, including sharing with the courts information obtained in the internal investigation hired by the entity in 2019 to contribute to the clarification of the facts. As at the date of the preparation of the Consolidated Financial Statements, no formal accusation against BBVA has been made. By order of the Criminal Chamber of the National High Court, the pre-trial phase ended on January 29, 2024. It is not possible at this time to predict the possible outcomes or implications for the Group of this matter, including any fines, damages or harm to the Group’s reputation caused thereby. Risks in connection with climate change Climate change, which is resulting in an increase in the intensity and frequency of extreme weather events and environmental degradation, presents both short, medium and long-term risks to the Group and its customers and counterparties, with the risks expected to increase over time. Risks posed by climate change may be classified into transition and physical risks. Transition risks refer to changes in, among others, regulations, technologies and market preferences linked to the transition toward a less carbon-dependent economy, including the following: – Legal and regulatory risks: Legal and regulatory changes related to how banks are required to manage climate risk or otherwise affecting banking practices or disclosure of climate-related information may result in higher compliance, operational and credit risks and costs. Further, legal and regulatory changes may result in legal uncertainty and the existence of overlapping or conflicting regulatory or other requirements. The Group or its customers or counterparties may be unable to meet any new requirements on a timely basis or at all. Further, changes in law, including new product and service specifications, may result in the sudden devaluation of certain assets. Any of these risks may affect the Group and its customers and counterparties. In addition, in the case of banks, new regulation could include requirements related to lending, investing, capital and liquidity adequacy and operational resilience. The incorporation of climate risks in the existing prudential framework is still developing and may result in increased risk weighting of high-carbon-related assets. Moreover, there are significant risks and uncertainties inherent in the development of adequate climate change-related risk assessment and modelling capabilities and the collection of customer, third party and other data, which may result in the Group’s systems or frameworks (or those of its customers and counterparties, where applicable) being inadequate, inaccurate or susceptible to incorrect customer, third party or other data, any of which could adversely affect the Group’s disclosure and financial reporting. Further, increased regulation arising from climate change could result in increased litigation and regulatory investigations and actions. – Technological risks: Certain of the Group’s customers and counterparties may be adversely affected by the progressive transition to a low-carbon economy and/or risks and costs associated with new low-carbon technologies. If our customers and counterparties fail to adapt to the transition to a low-carbon economy, or if the costs of doing so adversely affect their creditworthiness, this could adversely affect the Group’s relevant loan portfolios. – Market risks: The Group and certain of the Group’s customers and counterparties may be adversely affected by changes in market preferences due to, among others, increasing climate change awareness. Further, the funding costs of businesses that are perceived to be more exposed to climate change could increase. Any of this could result in the reduced creditworthiness of such customers and counterparties, adversely affecting the Group’s relevant loan portfolios. The Group and its customers and counterparties could also be adversely affected by changes in prices resulting from shifts in demand or supply brought by climate change, including prices of energy and raw materials, or by their inability to foresee or hedge any such changes . – Reputational risks: The perception of climate change as a risk by society, shareholders, customers, governments and other stakeholders continues to increase, including in relation to the financial sector’s activities. This may result in increased scrutiny of the Group’s activities, as well as its climate change-related policies, goals and disclosure. The Group’s reputation and ability to attract or retain customers may be harmed if its efforts to reduce environmental and social risks are deemed to be insufficient or if a perception is generated among the different stakeholders that the Group's statements, actions or disclosure do not fairly reflect the underlying sustainability profile of the Group, its products, services, goals and/or policies. The Group may elect not to undertake lending or investing activities that would otherwise have been profitable in order to avoid reputational harm. Further, divergent views on ESG policies may also have a negative impact on the Group’s reputation. Increased scrutiny of the Group’s activities, as well as its climate change-related policies, goals and disclosure may result in litigation and regulatory investigations and actions. The Group has disclosed certain aspirational climate-related goals and such goals, which are being pursued over the long-term, may prove to be considerably more costly or difficult than currently expected, or even impossible, to achieve, including as a result of changes in environmental and energy regulation and policy, the pace of technological change and innovation and the actions of governments, Group’s customers and competitors . The physical risk arising from climate change could result from increased frequency and/or severity of adverse weather events or the impact of climate change over the long term. The activities of the Group or those of its customers or counterparties could be adversely affected by the physical risks arising from climate change. For example, extreme weather events may damage or destroy the properties and other assets of the Group or those of its customers or counterparties, result in increased costs, or otherwise disrupt their respective operations (for example, if supply chains are disrupted as a result), diminishing –in the case of the Group’s customers or counterparties - their repayment capacity and, if applicable, the value of assets pledged as collateral to the Group. The Group is also exposed to potential long-term risks arising from climate change, such as increases in credit-related costs due to deteriorating macroeconomic conditions, which may be caused in part by an increase in infectious diseases or other ailments resulting from climate change. The Group could also be adversely affected by declines in asset values as a result of climate change or climate change-related risks, reduced availability of insurance and significant interruptions to business operations, and may be required to change its business models in response to the foregoing. Any of these factors may have a material adverse effect on the Group’s business, financial condition and results of operations . Credit risk Credit risk is the potential loss assumed by the Group as a result of the failure by the Group´s counterparties to meet their contractual obligations. The general principles governing credit risk management in the BBVA Group are: – Risks taken should comply with the general risk policy established by the Board of Directors of BBVA. – Risks taken should be in line with the level of equity and generation of recurring revenue of the BBVA Group prioritizing risk diversification and avoiding relevant concentrations. – Risks taken should be identified, measured and assessed and there should be management and monitoring procedures, in addition to mitigation and control mechanisms. – Risks should be managed in a prudent and integrated manner during their life cycle and their treatment should be based on the type of risk. In addition, portfolios should be actively managed on the basis of a common metric (economic capital). – The main criterion when granting credit risks is the capability of the borrower or obligor to fulfill on a timely basis all financial obligations with its business income or source of income without depending upon guarantors, bondsmen or pledged assets. – Improve the financial health of our clients, help them in their decision making and in the daily management of their finances based on personalized advice. – Help our clients in the transition towards a sustainable future, with a focus on climate change and inclusive and sustainable social development. Credit risk management in the Group has an integrated structure for all its functions, allowing decisions to be taken objectively and independently throughout the life cycle of the risk. – At Group level: frameworks for action and standard rules of conduct are defined for handling risk, specifically, the channels, procedures, structure and supervision. – At the business area level: they are responsible for adapting the Group's criteria to the local realities of each geographical area and for direct management of risk according to the decision-making channel: a. Retail risks: in general, the decisions are formalized according to the scoring tools, within the general framework for action of each business area, with regard to risks. The changes in weighting and variables of these tools must be validated by the Global Risk Management (hereinafter "GRM") area. b. Wholesale risks: in general, the decisions are formalized by each business area within its general framework for action with regard to risks, which incorporates the delegation rule and the Group's corporate policies. The risk function has a decision-making process supported by a structure of committees with a solid governance scheme, which describes their purposes and functioning for a proper performance of their tasks. Support measures Since the beginning of the pandemic, the Group offered support measures to its customers in all the geographical areas where it operates, consisting of both deferrals on existing loans and new public-guaranteed lending. Deferral support schemes have expired in all geographical areas. The measures adopted in 2022 which remained in force in 2023 were limited to Spain. In Peru, the deadline for requesting extensions of the Reactiva program ended on September 30, 2023 and to the date of the preparation of these Consolidated Financial Statements no extension has been published. In addition in Spain, in March 2022, the Council of Ministers (RDL 6/2022) approved a line of financing with public guarantees of 70% and 80% of the principal amount of loans for self-employed and enterprises in order to alleviate the liquidity tensions due to increases in energy prices and raw materials, available until December 2023. Finally, the Code of Good Practices, regulated by Royal Decree Law 6/2012, as well as its successive amendments, establishes a Code of Good Practices that eases the impact of interest rates hikes on mortgage loans related to primary residences and provides for other structural measures aiming to ease access to lending. As of the date of the preparation of these Consolidated Financial Statements, the number and amount of the transactions granted to clients in accordance with the Code of Good Practices have been low. Measurement of Expected Credit Loss IFRS 9 requires determining the Expected Credit Loss (hereinafter "ECL") of a financial instrument in a way that reflects an unbiased estimation removing any conservatism or optimism, including the time value of money and a forward-looking perspective (including the economic forecast), all this based on the information that is available at a certain point in time and that is reasonable and bearable with respect to future economic conditions. Therefore, the recognition and measurement of ECL is highly complex and involves the use of significant analysis and estimation including formulation and incorporation of forward-looking economic conditions into the ECL model. The modeling of the ECL calculation is subject to a governance system that is common to the entire Group. Within this common framework, each geographical area makes the necessary adaptations to capture its particularities. The methodology, assumptions and observations used by each geographical area are reviewed annually, and after a validation and approval process, the outcome of this review is incorporated into the ECL calculations. Risk parameters by homogeneous groups Expected losses can be estimated both individually and collectively. Regarding the collective estimate, the instruments are distributed in homogeneous groups (segments) that share similar risk characteristics. Following the guidelines established by the Group for the development of models under IFRS 9, each geographical area performs the grouping based on the information available, its representativeness or relevance and compliance with the necessary statistical requirements. Depending on the portfolio or the parameter being estimated, one risk driver or another will apply and different segments will reflect differences in PDs and LGDs. Thus, in each segment, changes in the level of credit risk will respond to the impact of changing conditions on the common range of credit risk drivers. The effect on the Group’s credit risk in response to changes in forward-looking information will be considered as well. Macroeconomic modeling for each segment is carried out using some of the shared risk characteristics. These segments share credit risk characteristics such that changes in credit risk in a part of the portfolio are not concealed by the performance of other parts of the portfolio. In that sense, the methodology developed for ECL estimation indicates the risk drivers that have to be taken into account for PD segmentation purposes, depending on whether the estimation is for retail or wholesale portfolios. As an example of the variables that can be taken into consideration to determine the final models, the following stand out: – PD – Retail: Contractual residual maturity, credit risk scoring, type of product, days past due, forbearance, time on books, time to maturity, nationality of the debtor, sale channel, original term, indicator of credit card activity, percentage of initial drawn balance in credit cards. – PD – Wholesale: Credit Risk Rating, type of product, watch-list level, forbearance (client), time to maturity, industry sector, updated balance (y/n), written off, grace period. – LGD – Retail: credit Risk Scoring, segment, type of product, secured / unsecured, type of collateral, sales channel, nationality, business area, debtor’s commercial segment, forbearance (account) EAD (this risk driver could be correlated with the time on books or the LTV so, before including it, an assessment should be done in order to avoid a double counting effect), time on default of the account (for defaulted exposures), geographical location. – LGD – Wholesale: credit Risk Rating, geographical location, segment, type of product, secured / Unsecured, type of collateral, business area, forbearance (client), debtor’s commercial segment time on default of the deal (for defaulted exposures). – CCF – Wholesale/retail, percentage of initial drawn balance, debtor’s commercial segment, days past due, forbearance, credit limit activity, time on books. In the BBVA Group, the expected losses calculated are based on the internal models developed for all the Group's portfolios, unless clients are subject to individualized estimates. Low Default Portfolios, which include portfolios with high credit quality such as exposures to other credit institutions, sovereign debt or corporat

Note 8

Note 8	12 Months Ended
	Dec. 31, 2023
Fair value of financial instruments [Abstract]
Disclosure of fair value of financial instruments [text block]	Fair value of financial instruments Framework and processes control The process for determining the fair value established in the Group seeks to ensure that financial assets and liabilities are properly recorded following the IFRS 13 principles, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market or most advantageous market, at the measurement date. BBVA has established, at a geographic level, a structure of Risk Operational Admission and Product Governance Committees responsible for validating and approving new products or types of financial assets and liabilities before being contracted. Local management responsible for valuation, which are independent from the business are members of these committees. These areas seek to ensure, prior to the approval stage, the existence of not only technical and human resources, but also adequate informational sources to measure the fair value of these financial assets and liabilities, in accordance with the rules established by the valuation global area and using models that have been validated and approved by the responsible areas complying with the governance of BBVA Group's official models. Fair value hierarchy All financial instruments, both assets and liabilities are initially recognized at fair value, which at that point is equivalent to the transaction price, unless there is evidence to the contrary in the market. Subsequently, depending on the type of financial instrument, it may continue to be recognized at amortized cost or fair value through adjustments in the consolidated income statement or equity. When possible, the fair value is determined as the market price of a financial instrument. However, for many of the financial assets and liabilities of the Group, especially in the case of derivatives, there is no market price available, so its fair value is estimated on the basis of the price established in recent transactions involving similar instruments or, in the absence thereof, by using mathematical measurement models that are sufficiently tried and trusted by the international financial community. The estimates of the fair value derived from the use of such models take into consideration the specific features of the asset or liability to be measured and, in particular, the various types of risk associated with such asset or liability. However, the limitations inherent in the measurement models and possible inaccuracies in the assumptions and parameters required by these models may mean that the estimated fair value of an asset or liability does not exactly match the price for which the asset or liability could be exchanged or settled on the date of its measurement. Additionally, for financial assets and liabilities that show significant uncertainty in inputs or model parameters used for valuation, criteria is established to measure said uncertainty and activity limits are set based on these. Finally, these measurements are compared, as much as possible, against other sources such as the measurements obtained by the business teams and/or those obtained by other market participants. The process for determining the fair value requires the classification of the financial assets and liabilities according to the measurement processes used as set forth below: – Level 1: Valuation using directly the quotation of the instrument, observable and readily and regularly available from independent price sources and referenced to active markets that the entity can access at the measurement date. The instruments classified within this level are fixed-income securities, equity instruments and certain derivatives. – Level 2: Valuation of financial instruments with commonly accepted techniques that use inputs obtained from observable data in markets. – Level 3: Valuation of financial instruments with valuation techniques that use significant unobservable inputs in the market. As of December 31, 2023, the affected instruments at fair value accounted for approximately 0.57% of financial assets and 0.50% of the Group’s financial liabilities. Model selection and validation is undertaken by control areas outside the business areas. Fair value of financial instruments recognized at fair value, according to valuation criteria Below are the different elements used in the valuation technique of financial instruments. Active Market BBVA considers an active market as a market that allows the observation of bid and offer prices representative of the levels to which the market participants are willing to negotiate an asset, with sufficient frequency and volume. Furthermore, BBVA considers as traded in an “Organized Market” quotations for assets or liabilities from Over The Counter (OTC) markets when they are obtained from independent sources, observable on a daily basis and fulfil certain conditions. The fair value of the Group's financial instruments recognized at fair value in the consolidated balance sheets is presented below, broken down according to the valuation method used to determine their fair value, and their respective book value as of December 31, 2023, 2022 and 2021: Fair value of financial instruments by levels. December 2023 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 141,042 21,972 116,905 2,165 Derivatives 34,293 144 33,880 269 Equity instruments 4,589 4,494 24 71 Debt securities 28,569 17,333 11,081 155 Loans and advances 73,590 — 71,921 1,669 Non-trading financial assets mandatorily at fair value through profit or loss 11 8,737 7,028 493 1,216 Equity instruments 7,963 6,742 72 1,148 Debt securities 484 286 132 66 Loans and advances to customers 290 — 288 2 Financial assets designated at fair value through profit or loss 12 955 908 47 — Debt securities 955 908 47 — Financial assets at fair value through other comprehensive income 13 62,205 52,987 8,335 883 Equity instruments 1,217 1,026 52 139 Debt securities 60,963 51,961 8,258 745 Loans and advances to credit institutions 26 — 26 — Derivatives – Hedge accounting 15 1,482 — 1,482 — LIABILITIES Financial liabilities held for trading 10 121,715 14,133 106,382 1,201 Trading derivatives 33,045 191 32,111 743 Short positions 15,735 13,942 1,750 44 Deposits 72,935 — 72,520 415 Financial liabilities designated at fair value through profit or loss 12 13,299 — 11,073 2,227 Deposits from credit institutions — — — — Customer deposits 717 — 717 — Debt certificates issued 3,977 — 1,751 2,227 Other financial liabilities 8,605 — 8,605 — Derivatives – Hedge accounting 15 2,625 — 2,586 39 Fair value of financial Instruments by levels. December 2022 ⁽¹⁾ (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 110,671 22,710 85,636 2,325 Derivatives 39,908 795 38,140 974 Equity instruments 4,404 4,369 — 34 Debt securities 24,367 16,284 7,934 148 Loans and advances 41,993 1,262 39,562 1,169 Non-trading financial assets mandatorily at fair value through profit or loss 11 6,888 5,720 151 1,017 Equity instruments 6,511 5,457 40 1,014 Debt securities 129 19 111 — Loans and advances to customers 247 245 — 3 Financial assets designated at fair value through profit or loss 12 913 913 — — Debt securities 913 913 — — Financial assets at fair value through other comprehensive income 13 65,374 53,248 11,537 589 Equity instruments 1,198 1,040 58 100 Debt securities 64,150 52,182 11,479 489 Loans and advances to credit institutions 26 26 — — Derivatives – Hedge accounting 15 1,891 4 1,887 — LIABILITIES Financial liabilities held for trading 10 95,611 20,611 73,871 1,129 Trading derivatives 37,909 746 36,161 1,002 Short positions 13,487 13,354 133 — Deposits 44,215 6,511 37,577 127 Financial liabilities designated at fair value through profit or loss 12 10,580 — 8,990 1,590 Deposits from credit institutions — — — — Customer deposits 700 — 700 — Debt certificates issued 3,288 — 1,698 1,590 Other financial liabilities 6,592 — 6,592 — Derivatives – Hedge accounting 15 3,303 100 3,179 25 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Fair value of financial Instruments by levels. December 2021 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 123,493 32,371 87,736 3,386 Derivatives 30,933 3,954 26,732 247 Equity instruments 15,963 15,925 — 37 Debt securities 25,790 11,877 13,725 189 Loans and advances 50,807 615 47,279 2,913 Non-trading financial assets mandatorily at fair value through profit or loss 11 6,086 4,378 522 1,186 Equity instruments 5,303 4,158 394 751 Debt securities 128 — 128 — Loans and advances to customers 655 220 — 435 Financial assets designated at fair value through profit or loss 12 1,092 916 176 — Debt securities 1,092 916 176 — Financial assets at fair value through other comprehensive income 13 60,421 52,157 7,545 719 Equity instruments 1,320 1,178 36 106 Debt securities 59,074 50,952 7,509 613 Loans and advances to credit institutions 27 27 — — Derivatives – Hedge accounting 15 1,805 63 1,733 9 LIABILITIES Financial liabilities held for trading 10 91,135 26,215 64,305 615 Trading derivatives 31,705 4,755 26,560 389 Short positions 15,135 15,124 11 — Deposits 44,294 6,335 37,733 226 Financial liabilities designated at fair value through profit or loss 12 9,683 1 8,243 1,439 Deposits from credit institutions — — — — Customer deposits 809 — 809 — Debt certificates issued 3,396 1 1,956 1,439 Other financial liabilities 5,479 — 5,479 — Derivatives – Hedge accounting 15 2,626 53 2,573 — The following table sets forth the main valuation techniques, hypothesis and inputs used in the estimation of fair value of the financial instruments recorded at fair value classified under Levels 2 and 3, based on the type of financial asset and liability and the corresponding balances as of December 31, 2023, 2022 and 2021. Fair value of Financial Instruments by levels. (Millions of Euros) ASSETS Valuation techniques in Levels 2 and 3 Observable inputs in Levels 2 and 3 Unobservable inputs in Levels 2 and 3 Financial assets held for trading Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer´s credit risk - Prepayment rates Loans and advances Present-value method - Issuer´s credit risk - Prepayment rates Derivatives Interest rate Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows Non-trading financial assets mandatorily at fair value through profit or loss Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer credit risk - Prepayment rates Loans and advances - Prepayment rates Financial assets designated at fair value through profit or loss Present-value method - Issuer credit risk Debt securities Financial assets at fair value through other comprehensive income Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer´s credit risk - Prepayment rates Hedging derivatives Interest rate Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and Discounted cash flows Fair Value of Financial Instruments by Levels LIABILITIES Valuation techniques in Levels 2 and 3 Observable inputs in Levels 2 and 3 Unobservable inputs in Levels 2 and 3 Financial liabilities held for trading Deposits Present-value method - Interest rate yield - Funding interest rates not observed in the market or in consensus services Derivatives Interest rate Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows Short positions Present-value method - Prepayment rates Financial liabilities designated at fair value through profit or loss Present-value method - Prepayment rates - Issuer´s credit risk - Current market interest rates - Prepayment rates Derivatives – Hedge accounting Interest rate Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows Main valuation techniques The main techniques used for the assessment of the majority of the financial instruments classified in level 3, and its main unobservable inputs, are described below: – The net present value (net present value method): This technique uses the future cash flows of each financial instrument, which are established in the different contracts, and discounted to their present value. This technique often includes many observable inputs, but may also include unobservable inputs, as described below: a. Credit Spread: This input represents the difference in yield of a debt security and the reference rate, reflecting the additional return that a market participant would require to take the credit risk of that debt security. Therefore, the credit spread of the debt security is part of the discount rate used to calculate the present value of the future cash flows. b. Recovery rate: This input represents the percentage of principal and interest recovered from a debt instrument that has defaulted. – Comparable prices (similar asset prices): This input represents the prices of comparable financial instruments and benchmarks used to calculate a reference yield based on relative movements from the entry price or current market levels. Further adjustments to account for differences that may exist between financial instrument being valued and the comparable financial instrument may be added. It can also be assumed that the price of the financial instrument is equivalent to the comparable instrument. – Net asset value: This technique utilizes certain assumptions to use net asset value as representative of fair value, which is equal to the total value of the assets and liabilities of a fund published by the managing entity. – Gaussian copula: This model is used to integrate default probabilities of credit instruments referenced to more than one underlying CDS (Credit Default Swaps). The joint density function used to value the instrument is constructed by using a Gaussian copula that relates the marginal densities by a normal distribution, usually extracted from the correlation matrix of events approaching default by CDS issuers. – Black 76: variant of Black Scholes model, whose main application is the valuation of bond options, cap floors and Swaptions where the behavior of the Forward and not the Spot itself, is directly modeled. – Black Scholes: The Black Scholes model postulates log-normal distribution for the prices of securities, so that the expected return under the risk neutral measure is the risk free interest rate. Under this assumption, the price of vanilla options can be obtained analytically, so that inverting the Black- Scholes formula, the implied volatility for process of the price can be calculated. – Heston: This model, typically applied to equity OTC options, assumes stochastic behavior of volatility. According to which, the volatility follows a process that reverts to a long-term level and is correlated with the underlying equity instrument. As opposed to local volatility models, in which the volatility evolves deterministically, the Heston model is more flexible, allowing it to be similar to that observed in the short term today. – Libor market model: This model assumes that the dynamics of the interest rate curve can be modeled based on the set of forward contracts that compose the underlying interest rate. The correlation matrix is parameterized on the assumption that the correlation between any two forward contracts decreases at a constant rate, beta, to the extent of the difference in their respective due dates. The input “Credit default volatility” is a volatility input of the credit factor dynamic applied in rate/credit hybrid operative. The multifactorial frame of this model makes it ideal for the valuation of instruments sensitive to the slope or curve, including interest rate option. – Local Volatility: In the local volatility models, the volatility, instead of being static, evolves deterministically over time according to the level of moneyness (i.e. probability that the option has a positive value on its date of expiration) of the underlying, capturing the existence of volatility smiles. The volatility smile of an option is the empirical relationship observed between its implied volatility and its strike price. These models are appropriate for options whose value depends on the historical evolution of the underlying which use Monte Carlo simulation technique for their valuation. Unobservable inputs Quantitative information of unobservable inputs used to calculate level 3 valuations is presented below as of December 31, 2023, 2022 and 2021. Unobservable inputs. December 2023 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 136 4,369 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 0 % 99 % 237 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 2.26 % 3.74 % 5.76 % Abs Repo rate Credit Derivatives Gaussian Copula Correlation default 26 % 60 % 85 % % Black 76 Price volatility Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 52 % 99 % % Volatility 8.47 29.41 70.94 Vegas FX Derivatives Option models on FX underlyings Volatility 4.31 10.24 18.52 Vegas IR Derivatives Option models on IR underlyings Beta 3.00 % 5 % 11 % % Correlation rate/credit (100 %) 100 % % Correlation rate/inflation 52 % 60 % 74 % % (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant. Unobservable inputs. December 2022 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 111 1,538 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 2 % 94 % 139 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 0.71 % 3.48 % 5.52 % Abs Repo rate Credit Derivatives Gaussian Copula Correlation default 26 % 44 % 58 % % Black 76 Price volatility — — — Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (93 %) 59 % 99 % % Volatility 7.81 32.62 98.71 Vegas FX Derivatives Option models on FX underlyings Volatility 5.32 11.93 20.73 Vegas IR Derivatives Option models on IR underlyings Beta 0.25 % 2 % 18 % % Correlation rate/credit (100 %) 100 % % Correlation rate/inflation 51% 66% 76% % (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant. Unobservable inputs. December 2021 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt securities Present value method Credit spread 3 125 2,374 bp Recovery rate 0 % 37 % 40 % % Comparable pricing 0.1 % 97 % 144 % % Equity/Fund instruments (1) Net asset value Comparable pricing Loans and advances Present value method Repo funding curve (2.71 %) 1.16 % 4.99 % Abs Repo rate Credit derivatives Gaussian Copula Correlation default 35 % 43 % 53 % % Black 76 Price volatility — — — Vegas Equity derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 60 % 99 % % Volatility 5.57 26.30 62.00 Vegas FX derivatives Option models on FX underlyings Volatility 3.96 9.71 16.34 Vegas IR derivatives Option models on IR underlyings Beta 0.25 % 2 % 18 % % Correlation rate/credit (100 %) 100 % % Credit default volatility — — — Vegas (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant. Adjustments to the valuation Under IFRS 13, the entity must estimate the value taking into account the assumptions and conditions that market participants would have when setting the price of the asset or liability on the valuation date. In order to comply with the fair value requirements, the entity applies adjustments to the fair valuation considering inherent and counterparties´ default criteria, funding valuation risk and valuation risks due to valuation uncertainty and related to the prudent valuation criteria. The above is aligned with the regulatory requirements (EBA CRR 105.10) and considers the model risk, liquidity risk (Bid / Offer) and price uncertainty risk. Adjustments to the valuation for risk of default The fair value of liabilities should reflect the entity's default risk, which includes, among other components, its own credit risk. Taking this into account, the Group makes valuation adjustments for credit risk in the estimates of the fair value of its assets and liabilities. These adjustments are calculated by estimating Exposure At Default, Probability of Default and Loss Given Default, which are based on the recovery levels for all derivative products on any instrument, deposits and repos at the legal entity level (all counterparties under a same master agreement), in which BBVA has exposure. Credit Valuation Adjustment (hereinafter “CVA”) and Debit Valuation Adjustments (hereinafter “DVA”) are included in the valuation of derivatives, both assets and liabilities, to reflect the impact on the fair value of the counterparty credit risk and its own, respectively. The Group incorporates in its valuation, for all exposures classified in any of the categories valued at fair value, both the counterparty credit risk and its own. In the trading portfolio, and in the specific case of derivatives, credit risk is recognized through such adjustments. As a general rule, the calculation of CVA is the sum of the expected positive exposure in time t, the probability of default between t-1 and t, and the Loss Given Default of the counterparty. Consequently, the DVA is calculated as the sum of the expected negative exposure in time t, the probability of default of BBVA between t-1 and t, and the Loss Given Default of BBVA. Both calculations are performed throughout the entire period of potential exposure. The calculation of the expected positive and negative exposure is done through a Montecarlo simulation of the market variables involved in all trades’ valuation under the same legal netting set. The information needed to calculate the probability of default and the loss given default of a counterparty comes from the credit markets. The counterparty’s Credit Default Swaps are used if liquid quotes are available. If a market price is not available, BBVA has implemented a mapping process based on the sector, rating and geography of the counterparty to assign probabilities of default and loss given default calibrated directly to market. An additional adjustment for Own Credit Adjustment (OCA) is applied to the instruments accounted for by applying the Fair Value Option permitted by IFRS 9. The related amounts recognized in the consolidated balance sheet as of December 31, 2023 and 2022, related to OCA were €406 million and €333 million, respectively. The amounts recognized in the consolidated balance sheets as of December 31, 2023, 2022 and 2021 related to the valuation adjustments incorporated to the credit assessment derivative assets amounted to €-133 million €-158 million and €-121 million, respectively as Credit Valuation Adjustments (CVA), and amounted to €91 million, €135 million and €104 million, respectively as Debit Valuation Adjustment (DVA). The impact recorded under “Gains (losses) on financial assets and liabilities held for trading, net” in the consolidated income statement was €26 million for the year ended December 31, 2023 and €0 million in 2022 and 2021. Valuation adjustments for financing risk The fair value of the positions recorded at fair value must reflect the entity's financing risk. Taking into account the above, the Group makes adjustments for financing risk valuation (Funding Valuation Adjustment FVA) in the estimates of the fair value of its assets and liabilities. The adjustment to the valuation for financing risk incorporates the cost of financing implicit in the valuation of positions at fair value. This adjustment reflects the cost of funding for non-collateralized or partially collateralized operations. Additionally, as of December 31, 2023, 2022 and 2021, €-16 million, €-16 million and €-11 million related to the FVA were recognized in the consolidated balance sheet, being the impact on results nil, €-7 million and €-1 million, respectively. Valuation adjustments for valuation uncertainty The fair value of the positions recorded at fair value must reflect the valuation risk derived from the uncertainty in the valuation for concepts of pure uncertainty of prices, liquidity risk and model risks. This adjustment is aligned with the regulatory requirements for prudent valuation via valuation adjustments with an impact on CET1, and meets the requirements of EBA CRR 105.10 for this purpose. The adjustment to the valuation for liquidity incorporates an adjustment for Bid / Offer spreads in the valuation of positions that do not meet the necessary conditions to be considered a Market Maker operation. The adjustment to the valuation for model risk captures the uncertainty in the price associated with the products valued with the use of a valuation model ("Mark to Model") given the existence of more than one possible model applicable to the valuation of the product or the calibration of its parameters from the observations of inputs in the market. The adjustment to the valuation for price uncertainty includes the uncertainty associated with the dispersion in the values observed in the market for the prices taken in the valuation of assets or as inputs in the valuation models. The impact recorded under “Gains (losses) on financial assets and liabilities held for trading, net” in the consolidated income statement for the year ended December 31, 2023 corresponding to the mentioned adjustments was a net impact of €-54 million. An adjustment was also made as of December 31, 2023 on financial assets at fair value through other comprehensive income for a total of €-15 million (€-11 million in 2022). Financial assets and liabilities classified as level 3 The changes in the balance of Level 3 financial assets and liabilities included in the consolidated balance sheets are as follows: Financial assets level 3: Changes in the year (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Assets Liabilities Assets Liabilities Assets Liabilities Balance at the beginning 3,931 2,743 5,301 2,054 2,984 1,902 Changes in fair value recognized in profit and loss (2) (7) 113 289 (131) 338 143 Changes in fair value not recognized in profit and loss 21 (1) (62) 14 (47) (10) Acquisitions, disposals and liquidations (3) 27 374 (783) 782 2,531 156 Net transfers to level 3 289 204 (750) 74 (436) (80) Exchange differences and others 3 34 (64) (50) (69) (56) Balance at the end 4,264 3,467 3,931 2,743 5,301 2,054 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2023, 2022 and 2021. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”. (3) Of which, in 2021, the assets roll forward is comprised of €2,742 million of acquisitions and €211 million of disposals. The liabilities roll forward is comprised of €213 million of acquisitions and €57 million of sales. In 2023, as a result of the implementation of the multifactor criteria in the classification, which considers all the risk factors of the exposures, their observability and uncertainty, there is a reduction in exposure to derivatives in Level 3, offset by an increase in exposure classified at level 3 in repurchases agreements positions due to unobservability in the inputs applied in their valuation. Therefore, the increase in Level 3 exposure would be focused on cash positions of variable income and fixed income due to unobservability in their prices. In 2022, the net volume of exposures classified as level 3 has been reduced. This reduction was mainly concentrated in repurchase agreements positions, derived from the rotation of the portfolio towards positions with better observability in the equity market of the inputs applied at their fair value. Additionally, the reduction in the volume of level 3 exposures of repurchase agreement positions was mitigated by the increase in the volume of level 3 exposures in derivatives, for which there was worse observability in the market of the inputs applied in their fair value. In 2021 there was an increase in the trading portfolio mainly due to the evolution of loans and advances and their corresponding funding with deposits. In line with this increase in the activity, and despite the improvement in the inputs used to value these assets in the market, there was an increase in the volume of exposures classified as level 3 which mainly corresponded to the temporary acquisitions of assets. For the years ended December 31, 2023, 2022 and 2021, the profit/loss on sales of financial instruments classified as level 3 recognized in the consolidated income statement was not material. Transfers among levels The Global Valuation Area, in collaboration with the Group, has established the rules for an appropriate financial instruments held for trading classification according to the fair value hierarchy defined by IFRS. On a monthly basis, derivative positions, deposits, loans and advances from the portfolio are classified, according to this criterion, by the subsidiaries. Then, there is a quarterly review of the portfolio in order to analyze the need for a change in classification of any of these assets. On a quarterly basis, the positions of equity instruments and debt securities are classified, following these criteria, by the local areas in coordination with Global Markets Valuation. The financial instruments transferred among the different levels of measurement for the years ended December 31, 2023, 2022 and 2021 are at the following amounts in the consolidated balance sheets as of December 31, 2023, 2022 and 2021: Transfers among levels. December 2023 (Millions of Euros) From: Level 1 Level 2 Level 3 To: Level 2 Level 3 Level 1 Level 3 Level 1 Level 2 ASSETS Financial assets held for trading 887 34 89 666 — 497 Non-trading financial assets mandatorily at fair valu

Note 9

Note 9	12 Months Ended
	Dec. 31, 2023
Cash Cash balances at central banks and other demand deposits [Abstract]
Disclosure Of Cash Cash Balances At Central Banks And Other Demand Deposits Explanatory [Text Block]	Cash, cash balances at central banks and other demand deposits The breakdown of the balance under the heading “Cash, cash balances at central banks and other demand deposits” in the consolidated balance sheets is as follows: Cash, cash balances at central banks and other demand deposits (Millions of Euros) Notes 2023 2022 2021 Cash on hand 7,751 6,533 6,877 Cash balances at central banks 60,750 67,314 55,004 Other demand deposits 6,916 5,909 5,918 Total 8.2 75,416 79,756 67,799

Note 10

Note 10	12 Months Ended
	Dec. 31, 2023
Financial assets and liabilities held for trading [Abstract]
Disclosure of financial assets and liabilities held for trading [Text Block]	Financial assets and liabilities held for trading Breakdown of the balance The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial assets and liabilities held for trading (Millions of Euros) Notes 2023 2022 2021 ASSETS Derivatives 34,293 39,908 30,933 Equity instruments 7.2.2 4,589 4,404 15,963 Credit institutions 277 317 816 Other sectors 4,312 4,086 15,147 Debt securities 7.2.2 28,569 24,367 25,790 Issued by central banks 740 821 936 Issued by public administrations 24,766 20,703 21,946 Issued by financial institutions 1,824 1,365 1,130 Other debt securities 1,239 1,477 1,778 Loans and advances 7.2.2 73,590 41,993 50,807 Loans and advances to central banks 2,809 1,632 3,467 Reverse repurchase agreement 2,809 1,632 3,467 Loans and advances to credit institutions 56,599 25,231 31,916 Reverse repurchase agreement (1) 56,569 25,201 31,901 Loans and advances to customers 14,182 15,130 15,424 Reverse repurchase agreement 13,615 14,832 14,916 Total assets 8.1 141,042 110,671 123,493 LIABILITIES Derivatives 33,045 37,909 31,705 Short positions 15,735 13,487 15,135 Deposits 72,935 44,215 44,294 Deposits from central banks 6,397 3,950 11,248 Repurchase agreement 6,397 3,950 11,248 Deposits from credit institutions 43,337 28,924 16,176 Repurchase agreement (1) 42,676 28,573 15,632 Customer deposits 23,201 11,341 16,870 Repurchase agreement 23,157 11,302 16,824 Total liabilities 8.1 121,715 95,611 91,135 (1) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. partially compensated with the evolution of "Repurchase agreement" of BBVA, S.A. As of December 31, 2023, 2022 and 2021 “Short positions” include €14,914 million, €12,544 million and €14,298 million, respectively, held with general governments. Derivatives The derivatives portfolio arises from the Group’s need to manage the risks it is exposed to in the normal course of business and also to market products amongst the Group’s customers. As of December 31, 2023, 2022 and 2021, trading derivatives were mainly contracted in over-the-counter (OTC) markets, with counterparties, consisting primarily of credit institutions and other financial corporations, and are related to foreign-exchange, interest-rate and equity risk. Below is a breakdown by type of risk and market, of the fair value and notional amounts of derivatives recognized in the consolidated balance sheets, divided into organized and OTC markets: Derivatives by type of risk and by product or by type of market (Millions of Euros) 2023 2022 2021 Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Interest rate 15,251 13,171 4,741,629 19,563 18,220 4,286,531 15,782 15,615 3,902,760 OTC 15,248 13,167 4,722,314 19,558 18,215 4,278,249 15,774 15,610 3,884,561 Organized market 3 4 19,315 5 5 8,282 8 5 18,199 Equity instruments 2,587 3,723 70,804 3,067 3,770 76,749 2,802 4,123 72,656 OTC 1,212 2,551 49,038 1,810 2,127 52,739 775 1,930 48,695 Organized market 1,375 1,172 21,767 1,257 1,643 24,010 2,028 2,192 23,962 Foreign exchange and gold 15,911 15,608 632,780 16,971 15,528 589,705 12,104 11,471 533,395 OTC 15,889 15,590 623,203 16,954 15,505 580,850 12,090 11,445 526,590 Organized market 22 18 9,577 17 23 8,855 14 26 6,805 Credit 543 542 31,478 299 383 43,450 236 490 19,937 Credit default swap 540 528 29,844 293 282 41,760 236 254 18,121 Credit spread option — — — — — — — — — Total return swap 3 14 1,475 7 101 1,665 — 236 1,815 Other — — 159 — — 25 — — — Commodities 1 1 169 9 8 60 8 7 149 DERIVATIVES 34,293 33,045 5,476,860 39,908 37,909 4,996,495 30,933 31,705 4,528,897 Of which: OTC - credit institutions 23,998 23,977 1,463,433 28,385 26,454 1,205,895 21,069 22,488 1,073,921 Of which: OTC - other financial corporations 5,042 4,412 3,815,162 5,745 4,493 3,587,546 3,300 3,075 3,257,382 Of which: OTC - other 3,854 3,461 147,310 4,501 5,290 161,882 4,514 3,919 148,629

Note 11

Note 11	12 Months Ended
	Dec. 31, 2023
Non trading financial assets mandatorily at fair value through profit or loss [Abstract]
Disclosure of non trading financial assets mandatorily at fair value through profit or loss [Text Block]	Non-trading financial assets mandatorily at fair value through profit or loss The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Non-trading financial assets mandatorily at fair value through profit or loss (Millions of Euros) Notes 2023 2022 2021 Equity instruments (1) 7.2.2 7,963 6,511 5,303 Debt securities 7.2.2 484 129 128 Loans and advances to customers 7.2.2 290 247 655 Total 8.1 8,737 6,888 6,086 (1) As of December 31, 2023, BBVA maintains a direct stake in Neon Payments Limited of 22.6% of its capital stock (see Note 3).

Note 12

Note 12	12 Months Ended
	Dec. 31, 2023
Financial assets at fair value through profit or loss [abstract]
Disclosure of financial instruments at fair value through profit or loss [text block]	Financial assets and liabilities designated at fair value through profit or loss The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial assets and liabilities designated at fair value through profit or loss (Millions of Euros) Notes 2023 2022 2021 ASSETS Debt securities 7.2.2 / 8.1 955 913 1,092 LIABILITIES Customer deposits 717 700 809 Debt certificates issued 3,977 3,288 3,396 Other financial liabilities: Unit-linked products 8,605 6,592 5,479 Total liabilities 8.1 13,299 10,580 9,683 Within “Financial liabilities designated at fair value through profit or loss”, liabilities linked to insurance products where the policyholder bears the risk (unit-link) are recorded. Since the liabilities linked to insurance products in which the policyholder assumes the risk are valued the same way as the assets associated to these insurance products, there is no credit risk component borne by the Group in relation to these liabilities. In addition, the assets and liabilities are included in these headings to reduce inconsistencies (asymmetries) in the valuation of those operations and those used to manage their risk.

Note 13

Note 13	12 Months Ended
	Dec. 31, 2023
Financial assets at fair value through other comprehensive income [abstract]
Disclosure of Financial Assets At Fair Value Through Other Comprehensive Income [Text Block]	Financial assets at fair value through other comprehensive income Breakdown of the balance The breakdown of the balance by the main financial instruments in the consolidated balance sheets is as follows: Financial assets at fair value through other comprehensive income (Millions of Euros) Notes 2023 2022 2021 Equity instruments 7.2.2 1,217 1,198 1,320 Debt securities (1) 60,963 64,150 59,074 Loans and advances to credit institutions 7.2.2 26 26 27 Total 8.1 62,205 65,374 60,421 Of which: loss allowances of debt securities (84) (123) (74) (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. Equity instruments The breakdown of the balance under the heading "Equity instruments" of the consolidated financial statements as of December 31, 2023, 2022 and 2021 is as follows: Financial assets at fair value through other comprehensive income. Equity instruments (Millions of Euros) 2023 2022 2021 Listed equity instruments Spanish companies shares 987 960 1,088 Foreign companies shares 111 138 125 Mexico 33 31 29 The United States 52 44 29 Turkey 6 7 5 Other countries 20 56 63 Subtotal listed equity instruments 1,098 1,098 1,214 Unlisted equity instruments Spanish companies shares 12 12 11 Foreign companies shares 106 87 95 Subtotal unlisted equity instruments 119 100 107 Total 1,217 1,198 1,320 Debt securities The breakdown of the balance under the heading “Debt securities” of the consolidated financial statements as of December 31, 2023, 2022 and 2021, broken down by issuers, is as follows: Financial assets at fair value through other comprehensive income. Debt securities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Domestic debt securities Government and other government agency 13,757 17,429 16,544 Central banks — — — Credit institutions 901 854 1,176 Other issuers 454 495 635 Subtotal 15,111 18,779 18,355 Foreign debt securities Mexico 21,714 16,819 10,769 Government and other government agency 20,364 15,452 10,141 Central banks — — — Credit institutions 886 777 118 Other issuers 464 590 510 The United States 6,344 5,202 3,926 Government and other government agency 3,174 2,716 1,744 Central banks — — — Credit institutions 88 93 116 Other issuers 3,082 2,393 2,065 Turkey 2,459 3,858 2,920 Government and other government agency 2,445 3,858 2,920 Central banks — — — Credit institutions — — — Other issuers 14 — — Other countries 15,336 19,493 23,105 Other foreign governments and government agency 8,961 10,340 14,960 Central banks 508 3,094 1,696 Credit institutions 1,895 2,167 2,448 Other issuers 3,971 3,892 4,001 Subtotal 45,852 45,372 40,719 Total 60,963 64,150 59,074 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The credit ratings of the issuers of debt securities as of December 31, 2023, 2022 and 2021 are as follows: Debt securities by rating 2023 2022 ⁽¹⁾ 2021 Fair value (Millions of Euros) % Fair value (Millions of Euros) % Fair value (Millions of euros) % AAA 1,000 1.6 % 3,339 5.2 % 2,413 4.1 % AA+ 3,685 6.0 % 490 0.8 % 586 1.0 % AA 384 0.6 % 420 0.7 % 646 1.1 % AA- 642 1.1 % 501 0.8 % 327 0.6 % A+ 1,798 3.0 % 3,866 6.0 % 6,179 10.5 % A 1,747 2.9 % 1,725 2.7 % 1,676 2.8 % A- 16,009 26.3 % 20,350 31.7 % 18,760 31.8 % BBB+ 22,854 37.5 % 17,252 26.9 % 11,465 19.4 % BBB 8,327 13.7 % 7,470 11.6 % 10,961 18.6 % BBB- 858 1.4 % 1,111 1.7 % 1,310 2.2 % BB+ or below 3,480 5.7 % 7,366 11.5 % 4,379 7.4 % Unclassified 178 0.3 % 258 0.4 % 372 0.6 % Total 60,963 100.0 % 64,150 100.0 % 59,074 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Gains/losses The changes in the gains/losses (net of taxes) in 2023, 2022 and 2021 of debt securities recognized under the equity heading “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss – Fair value changes of debt instruments measured at fair value through other comprehensive income” and equity instruments recognized under the equity heading “Accumulated other comprehensive income (loss) – Items that will not be reclassified to profit or loss –Fair value changes of equity instruments measured at fair value through other comprehensive income” in the consolidated balance sheets are as follows: Other comprehensive income - Changes in gains (losses) (Millions of Euros) Debt securities Equity instruments Notes 2023 2022 ⁽¹⁾ 2021 2023 2022 ⁽¹⁾ 2021 Balance at the beginning (809) 1,274 2,069 (1,194) (1,079) (1,256) Valuation gains and losses 659 (3,049) (1,058) 80 (112) 183 Amounts transferred to income 5 20 (63) Amounts transferred to Reserves 2 (2) — Income tax and other (211) 946 325 (1) (1) (7) Balance at the end 30 (357) (809) 1,274 (1,112) (1,194) (1,079) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14

Note 14	12 Months Ended
	Dec. 31, 2023
Financial Assets At Amortised Cost [Abstract]
Disclosure of financial assets at amortised cost [Text Block]	Financial assets at amortized cost Breakdown of the balance The breakdown of the balance under this heading in the consolidated balance sheets, according to the nature of the financial instrument, is as follows: Financial assets at amortized cost (Millions of Euros) Notes 2023 2022 2021 Debt securities ⁽¹⁾ 49,462 36,639 34,781 Central banks 22 21 15 Government 45,124 34,648 32,130 Credit institutions 2,366 400 817 Other financial corporations 923 602 525 Non-financial corporations 1,027 967 1,295 Loans and advances to central banks 7,151 4,401 5,681 Loans and advances to credit institutions 17,477 16,031 13,276 Reverse repurchase agreement 5,786 5,251 2,788 Other loans and advances 11,690 10,780 10,488 Loans and advances to customers 7.2.2 377,643 357,351 318,939 Government 23,265 20,892 19,682 Other financial corporations 13,251 12,765 9,804 Non-financial corporations 171,063 165,433 140,993 Other 170,063 158,261 148,461 Total 8.1 451,732 414,421 372,676 Of which: impaired assets of loans and advances to customers 7.2.2 14,444 13,493 14,657 Of which: loss allowances of loans and advances 7.2.5 (11,316) (11,291) (11,142) Of which: loss allowances of debt securities (82) (91) (52) (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. Debt securities The breakdown of the balance under the heading “Debt securities” in the consolidated balance sheets, according to the issuer of the debt securities, is as follows: Financial assets at amortized cost. Debt securities. (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Domestic debt securities Government and other government agencies 25,857 18,397 17,693 Credit institutions 1,028 — — Other issuers 230 144 337 Subtotal 27,114 18,541 18,031 Foreign debt securities Mexico 6,277 4,222 8,464 Government and other government agencies 6,205 4,198 7,669 Credit institutions 72 24 614 Other issuers — 181 The United States 2,229 2,215 93 Government and other government agencies 2,188 2,159 10 Credit institutions 19 25 26 Other issuers 21 31 57 Turkey 6,284 5,332 2,634 Government and other government agencies 6,167 5,325 2,628 Credit institutions 8 6 5 Other issuers 109 — — Other countries 7,558 6,328 5,559 Other foreign governments and other government agency 4,707 4,568 4,144 Central banks 22 21 — Credit institutions 1,239 345 171 Other issuers 1,591 1,394 1,243 Subtotal 22,348 18,097 16,750 Total 49,462 36,639 34,781 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). As of December 31, 2023, 2022 and 2021, the distribution according to the credit quality (ratings) of the issuers of debt securities classified as financial assets at amortized cost, was as follows: Debt securities by rating 2023 2022 ⁽¹⁾ 2021 Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % AAA 1,829 3.7 % 3,068 8.4 % 143 0.4 % AA+ 3,096 6.3 % 217 0.6 % 77 0.2 % AA 142 0.3 % 82 0.2 % 76 0.2 % AA- 60 0.1 % 76 0.2 % 69 0.2 % A+ 25 0.1 % 13 — % 62 0.2 % A 444 0.9 % 524 1.4 % 619 1.8 % A- 24,739 50.0 % 17,050 46.5 % 16,312 46.9 % BBB+ 6,615 13.4 % 4,710 12.9 % 9,336 26.8 % BBB 4,551 9.2 % 4,091 11.2 % 3,853 11.1 % BBB- 548 1.1 % 351 1.0 % 527 1.5 % BB+ or below 6,642 13.4 % 5,789 15.8 % 3,120 9.0 % Unclassified 772 1.6 % 667 1.8 % 587 1.7 % Total 49,462 100.0 % 36,639 100.0 % 34,781 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Loans and advances to customers The breakdown of the balance under this heading in the consolidated balance sheets, according to their nature, is as follows: Loans and advances to customers (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 On demand and short notice 3,040 4,101 3,161 Credit card debt 22,889 18,898 14,030 Trade receivables 25,096 25,987 19,524 Finance leases 9,463 8,571 7,911 Reverse repurchase agreement 92 102 23 Other term loans 312,186 294,059 268,047 Advances that are not loans 4,877 5,633 6,243 Total 377,643 357,351 318,939 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The following table sets forth a breakdown of the gross carrying amount "Loans and advances to customers" with maturity greater than one year by fixed and variable rate as of December 31, 2023, 2022 and 2021: Loans and advances maturing in more than one year by fixed and variable rate (Millions of Euros) 2023 2022 2021 Domestic Foreign Total Domestic Foreign Total Domestic Foreign Total Fixed rate 63,060 77,381 140,441 59,394 67,874 127,269 56,756 62,228 118,984 Variable rate 66,188 61,723 127,911 69,647 53,440 123,087 75,544 44,237 119,781 Total 129,248 139,104 268,352 129,042 121,314 250,356 132,300 106,465 238,765 As of December 31, 2023, 2022 and 2021, 52%, 51% and 50%, respectively, of "Loans and advances to customers" with maturity greater than one year have fixed-interest rates and 48%, 49% and 50%, respectively, have variable interest rates. This heading also includes some loans that have been securitized. The balances recognized in the consolidated balance sheets corresponding to these securitized loans are as follows: Securitized loans (Millions of Euros) 2023 2022 2021 Securitized mortgage assets 20,406 23,290 23,695 Other securitized assets 8,493 5,495 6,547 Total 28,899 28,784 30,242

Note 15

Note 15	12 Months Ended
	Dec. 31, 2023
Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate risk [Abstract]
Disclosure of Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate risk [Text Block]	Hedging derivatives and fair value changes of the hedged items in portfolio hedges of interest rate risk The balance of these headings in the consolidated balance sheets is as follows: Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Millions of Euros) 2023 2022 2021 ASSETS Derivatives - Hedge accounting 1,482 1,891 1,805 Fair value changes of the hedged items in portfolio hedges of interest rate risk (97) (148) 5 LIABILITIES Derivatives - Hedge accounting 2,625 3,303 2,626 Fair value changes of the hedged items in portfolio hedges of interest rate risk — — — As of December 31, 2023, 2022 and 2021, the main positions hedged by the Group and the derivatives designated to hedge those positions were: – Fair value hedging: a. Fixed-interest debt securities at fair value through other comprehensive income and at amortized cost: The interest rate risk of these securities is hedged using interest rate derivatives (fixed-variable swaps) and forward sales. b. Long-term fixed-interest debt securities issued by the Bank: the interest rate risk of these securities is hedged using interest rate derivatives (fixed-variable swaps). c. Fixed-interest loans: The equity price risk of these instruments is hedged using interest rate derivatives (fixed-variable swaps). d. Fixed-interest and/or embedded derivative deposit portfolio hedges: it covers the interest rate risk through fixed-variable swaps. The valuation of the borrowed deposits corresponding to the interest rate risk is in the heading "Fair value changes of the hedged items in portfolio hedges of interest rate risk”. – Cash-flow hedges: Most of the hedged items are floating interest-rate loans and asset hedges linked to the inflation of the amortized cost portfolio and the financial assets at fair value through other comprehensive income portfolio. This risk is hedged using foreign-exchange, interest-rate swaps, inflation and FRA (Forward Rate Agreement). – Net foreign-currency investment hedges: These hedged risks are foreign-currency investments in the Group’s foreign subsidiaries. This risk is hedged mainly with foreign-exchange options and forward currency sales and purchases (see Note 30). Note 7 analyzes the Group’s main risks that are hedged using these financial instruments. The details of the net positions by hedged risk of the fair value of the hedging derivatives recognized in the consolidated balance sheets are as follows: Derivatives - Hedge accounting. Breakdown by type of risk and type of hedge (Millions of Euros) Notes 2023 2022 2021 Assets Liabilities Assets Liabilities Assets Liabilities Interest rate 422 364 656 376 697 322 OTC 422 364 656 376 697 322 Organized market — — — — — — Equity — — — — — — OTC — — — — — — Organized market — — — — — — Foreign exchange and gold 221 31 259 83 463 135 OTC 221 31 259 83 463 135 Organized market — — — — — — Credit — — — — — — Commodities — — — — — — Other — — — — FAIR VALUE HEDGES 644 395 915 459 1,160 457 Interest rate 490 2,048 470 2,763 228 1,786 OTC 483 2,048 454 2,763 226 1,786 Organized market 7 — 16 2 — Equity — — — — — — Foreign exchange and gold 291 41 239 46 180 79 OTC 291 41 239 45 180 79 Organized market — 1 — 1 — — Credit — — — — — — Commodities — — — — — — Other — — — — — — CASH FLOW HEDGES 781 2,089 708 2,809 408 1,865 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 27 136 213 26 198 196 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 3 5 7 8 18 95 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK 27 — 48 1 21 13 DERIVATIVES-HEDGE ACCOUNTING 8.1 1,482 2,625 1,891 3,303 1,805 2,626 of which: 1,237 2,404 1,577 2,911 1,454 2,248 of which: 237 221 297 391 349 378 Below there is a breakdown of the items covered by fair value hedges: Hedged items in fair value hedges (Millions of Euros) Carrying amount Hedge adjustments included in the carrying amount of assets/liabilities ⁽¹⁾ Remaining adjustments for discontinued micro hedges including hedges of net positions ⁽¹⁾ Hedged items in portfolio hedge of interest rate risk Recognized ineffectiveness in profit or loss 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 ASSETS Financial assets measured at fair value through other comprehensive income 11,308 13,667 (652) (1,024) 172 2 — — (5) (45) Debt securities 11,308 13,667 (652) (1,024) 172 2 — — Interest rate 11,308 13,601 (652) (1,024) 172 2 — — Foreign exchange and gold — — — — — — — — Other — 66 — — — — — — Loans and advances — — — — — — — — Interest rate — — — — — — — — Foreign exchange and gold — — — — — — — — Other — — — — — — — — Financial assets measured at amortized cost 3,248 4,838 (114) (485) 685 13 936 1,179 14 — Debt securities 2,304 4,164 (119) (397) 685 13 — — Interest rate 2,304 4,164 (119) (397) 685 13 — — Foreign exchange and gold — — — — — — — — Loans and advances 944 675 5 (88) — — 936 1,179 Interest rate 944 672 5 (88) — — 936 1,179 Foreign exchange and gold — 3 — — — — LIABILITIES Financial liabilities measured at amortized costs 47,180 34,898 509 1,299 — — — — (20) (5) Debt securities issued 37,916 33,447 600 1,372 — — — — Interest rate 37,915 33,447 600 1,372 — — — — Foreign exchange and gold 1 — — — — — — — Deposits 9,263 1,451 (91) (73) — — — — Interest rate 9,258 1,446 (91) (73) — — — — Foreign exchange and gold 5 5 — — — — — — (1) The balance of discontinued hedges is not significant. The following is the breakdown, by their notional maturities, of the hedging instruments as of December 31, 2023: Calendar of the notional maturities of the hedging instruments (Millions of Euros) Up to 3 months From 3 months to 1 year From 1 to 5 years More than 5 years Total FAIR VALUE HEDGES 6,235 15,249 28,110 13,953 63,547 Of which: Interest rate 5,627 15,230 27,360 13,091 61,308 CASH FLOW HEDGES 7,819 9,691 14,635 4,963 37,107 Of which: Interest rate 7,819 9,683 13,232 2,843 33,577 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 11,391 1,343 — — 12,735 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 250 597 1,828 747 3,423 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — 311 46 358 DERIVATIVES-HEDGE ACCOUNTING 25,695 26,881 44,884 19,709 117,169 In 2023, 2022 and 2021, there was no reclassification in the consolidated income statements of any amount corresponding to cash flow hedges that was previously recognized in equity (see Note 41).

Note 16

Note 16	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Disclosure of Investments In Subsidiaries Joint Ventures And Associates [Text Block]	Investments in joint ventures and associates Joint ventures and associates The breakdown of the balance of “Investments in joint ventures and associates” in the consolidated balance sheets is as follows: Joint ventures and associates. Breakdown by entities (Millions of Euros) Joint ventures 2023 2022 2021 Altura Markets, S.V., S.A. 31 42 76 RCI Colombia 40 36 40 Desarrollos Metropolitanos del Sur, S.L. — — 18 Other 22 22 18 Subtotal 93 100 152 Associates Metrovacesa, S.A. 259 259 259 BBVA Allianz Seguros y Reaseguros, S.A. 251 248 254 Atom Holdco Ltd 211 132 77 Solaris SE 34 66 61 Cofides 35 31 28 Redsys servicios de procesamiento, S.L. 22 20 19 Servicios Electrónicos Globales S.A. de CV 36 23 15 Other 37 37 35 Subtotal 883 816 749 Total 976 916 900 Details of the joint ventures and associates as of December 31, 2023 are shown in Appendix II. The following is a summary of the changes in the years ended December 31, 2023, 2022 and 2021 under this heading in the consolidated balance sheets: Joint ventures and associates. Changes in the year (Millions of Euros) Notes 2023 2022 2021 Balance at the beginning 916 900 1,437 Acquisitions and capital increases 95 87 22 Disposals and capital reductions (42) (88) (1) Transfers and changes of consolidation method 4 — (559) Share of profit and loss 39 26 20 1 Exchange differences 16 (1) 9 Impairment / reversal of impairment ⁽¹⁾ (9) 42 — Dividends, valuation adjustments and other (30) (44) (9) Balance at the end 976 916 900 (1) See Note 16.3. During the years 2023 and 2022, the most significant changes under the heading "Investment in joint ventures and associates" correspond to capital increases in Atom Holdco Limited. During the year 2022 Atom Holdco Limited, the owner of 100% of the shares of Atom Bank PLC, was created. BBVA became a shareholder of Atom Holdco Limited under the same terms and conditions as those previously applicable under the agreement with Atom Bank PLC. During the year 2021, the most significant changes in the heading “Investment in joint ventures and associates” correspond to the reclassification of the 20% stake in Divarian Property, S.A.U. under the heading "Non-current assets and disposal groups classified as held for sale" in July 2021 and their subsequent sale in October 2021. Appendix III provides notifications on acquisitions and disposals of holdings in subsidiaries, joint ventures and associates, in compliance with article 155 of the Corporations Act and article 125 of the Securities Market Act 4/2015. Other information about associates and joint ventures If these entities had been consolidated rather than accounted for using the equity method, the change in each of the lines of balance sheet and the consolidated income statement would not be significant. As of December 31, 2023, 2022 and 2021 there was no financial support agreement or other contractual commitment to associates and joint ventures entities from the holding or the subsidiaries that are not recognized in the financial statements (see Note 53.2). As of December 31, 2023, 2022 and 2021 there was no contingent liability in connection with the investments in joint ventures and associates (see Note 53.2). Impairment As required by IAS 36, the book value of the associates and joint venture entities has been compared with their recoverable amount, with the latter being calculated as the higher between the value in use and the fair value minus the cost of sale. For the year ended December 31, 2023, an impairment was recorded for €9 million; for the year ended December 31, 2022, a reversal of impairment was recorded for € 42

Note 17

Note 17	12 Months Ended
	Dec. 31, 2023
Tangible Assets [Abstract]
Disclosure of tangible assets [Text Block]	Tangible assets The breakdown and movement of the balance and changes of this heading in the consolidated balance sheets, according to the nature of the related items, is as follows: Tangible assets. Breakdown by type of assets and changes in the year 2023 (Millions of Euros) Land and buildings Work in progress Furniture, fixtures and vehicles Right to use asset Investment Properties Assets leased out under an operating lease Total Notes Own use Investment Properties Cost Balance at the beginning 6,255 93 5,833 1,871 214 242 582 15,089 Additions 270 190 549 499 10 39 238 1,795 Retirements (19) (4) (117) (195) — (10) (4) (349) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 12 (72) 41 (18) 15 — — (22) Exchange difference and other (113) (8) 118 55 — (115) (16) (79) Balance at the end 6,405 199 6,424 2,212 238 156 800 16,432 Accrued depreciation Balance at the beginning 1,064 — 4,204 653 70 23 52 6,066 Additions 45 121 — 426 296 21 3 — 867 Additions transfer to discontinued operations — — — — — — — — Retirements (9) — (73) (26) — (1) (1) (111) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (2) — (7) (5) 3 1 — (11) Exchange difference and other 52 — 57 (12) — (9) (3) 85 Balance at the end 1,226 — 4,606 906 93 17 49 6,896 — — — — — — Impairment Balance at the beginning 154 — — 65 50 17 — 286 Additions 49 15 — 1 (14) 12 2 — 16 Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers — — — — — — — — Exchange difference and other (3) — (1) (11) — (3) — (18) Balance at the end 166 — — 40 61 15 — 283 Net tangible assets Balance at the beginning 5,036 93 1,629 1,153 94 201 530 8,737 Balance at the end 5,013 199 1,817 1,266 84 124 751 9,253 Tangible assets. Breakdown by type of assets and changes in the year 2022 (Millions of Euros) Right to use asset Investment properties Assets leased out under an operating lease Total Notes Land and buildings Work in progress Furniture, fixtures and vehicles Own use Investment properties Cost Balance at the beginning 4,350 67 5,388 3,154 162 147 267 13,535 Additions 366 71 475 578 19 95 122 1,726 Retirements (4) — (140) (1,620) (1) (19) — (1,784) Acquisition of subsidiaries in the year ⁽¹⁾ 1,392 — — — — — — 1,392 Disposal of entities in the year — — — — — — — — Transfers (21) (54) (40) (274) 33 (4) — (360) Exchange difference and other ⁽²⁾ 171 9 150 32 — 23 193 580 Balance at the end 6,255 93 5,833 1,871 214 242 582 15,089 Accrued depreciation Balance at the beginning 900 — 3,833 811 47 17 33 5,641 Additions 45 108 — 393 295 18 5 — 818 Additions transfer to discontinued operations — — — — — — — — Retirements (2) — (132) (244) — (13) — (392) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 11 — 52 (220) 6 13 — (139) Exchange difference and other 47 — 59 11 — 2 19 138 Balance at the end 1,064 — 4,204 653 70 23 52 6,066 Impairment Balance at the beginning 114 — — 427 34 21 — 596 Additions 49 (29) — 4 (45) 16 2 — (53) Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (1) — — (7) — 21 — 13 Exchange difference and other 70 — (4) (309) — (26) — (270) Balance at the end 154 — — 65 50 17 — 286 Net tangible assets Balance at the beginning 3,336 67 1,555 1,916 81 109 234 7,298 Balance at the end 5,036 93 1,629 1,153 94 201 530 8,737 (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. (2) The variation in 2022 corresponds mainly to the effect of the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation in Turkey (see Note 2.2.18). Tangible assets. Breakdown by type of assets and changes in the year 2021 (Millions of euros) Right to use asset Total Notes Land and buildings Work in progress Furniture, fixtures and vehicles Own use Investment properties Investment properties Assets leased out under an operating lease Cost Balance at the beginning 4,380 52 5,515 3,061 123 201 345 13,677 Additions 58 31 262 230 4 — — 585 Retirements (5) (1) (281) (59) — (1) — (347) Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (112) (8) (29) (34) 35 1 — (147) Exchange difference and other 29 (7) (79) (44) — (54) (78) (233) Balance at the end 4,350 67 5,388 3,154 162 147 267 13,535 Accrued depreciation Balance at the beginning 833 — 3,859 582 27 16 54 5,371 Additions 45 79 — 358 284 15 4 — 740 Additions transfer to discontinued operations — — — — — — — — Retirements (19) — (259) (16) — (4) — (298) Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (23) — (17) (5) 5 1 — (39) Exchange difference and other 30 — (108) (34) — — (21) (134) Balance at the end 900 — 3,833 811 47 17 33 5,641 Impairment Balance at the beginning 149 — — 274 26 34 — 483 Additions ⁽¹⁾ 49 — — 1 151 8 1 — 161 Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (24) — 17 — — 2 — (5) Exchange difference and other (11) — (18) 2 — (16) — (43) Balance at the end 114 — — 427 34 21 — 596 Net tangible assets Balance at the beginning 3,398 52 1,656 2,205 70 151 291 7,823 Balance at the end 3,336 67 1,555 1,916 81 109 234 7,298 (1) In 2021, it includes allowances on right of use of the rented offices after the agreement with union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 24 and 49). The right to use asset consists mainly of the rental of commercial real estate premises for central services and the network branches located in the countries where the Group operates whose average term is between 5 and 20 years. The clauses included in rental contracts correspond to a large extent to rental contracts under normal market conditions in the country where the property is rented. As of December 31, 2023, 2022 and 2021, the cost of fully amortized tangible assets that remained in use were €2,796, €2,443 and €2,318 million respectively while its recoverable residual value was not significant. The following table shows the detail of the net carrying amount of the tangible assets corresponding to Spanish and foreign subsidiaries as of December 31, 2023, 2022 and 2021: Tangible assets by Spanish and foreign subsidiaries. Net assets values (Millions of euros) 2023 2022 ⁽¹⁾ 2021 BBVA and Spanish subsidiaries 4,183 4,285 3,873 Foreign subsidiaries 5,071 4,452 3,425 Total 9,253 8,737 7,298 (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. Purchase of Tree Inversiones Inmobiliarias SOCIMI, S.A. (Tree) from Merlin Properties SOCIMI, S.A. On June 15, 2022, BBVA acquired from Merlin Properties SOCIMI, S.A. the shares representing the entire share capital of Tree Inversiones Inmobiliarias SOCIMI, S.A. (hereinafter “Tree”) for an amount of €1,988 million. This company has 662 properties leased to BBVA that were part of the set of properties that BBVA sold between 2009 and 2010 under a sale and leaseback agreement. Prior to that date, these properties were registered as "Rights of use" in the consolidated balance sheet of the BBVA Group under the headings "Tangible assets - Property, plant and equipment" and "Tangible assets - Investment property", while the payment obligation was reflected under the heading "Financial liabilities at amortized cost – Other financial liabilities", in accordance with IFRS 16 Leases. The Tree purchase transaction has been considered an asset purchase given that the Group has determined that it is not acquiring a set of activities that present elements that could constitute a business. After the closing of this transaction, the BBVA Group has once again become owner of the properties and recorded them at their acquisition price in the Group's consolidated financial statements as of June 30, 2022. The assets acquired that are not used for the Bank's activity are recorded under the heading "Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale" (see Note 21). The impact of the transaction amounted to €-201 million (losses net of taxes) which was registered under the headings "Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations” for an amount of €-134 million and “Tax expense or income related to profit or loss from continuing operations” for an amount of €-67 million in the consolidated income statement of the BBVA Group.

Note 18

Note 18	12 Months Ended
	Dec. 31, 2023
Intangible assets and goodwill [abstract]
Disclosure of intangible assets [text block]	Intangible assets Goodwill The breakdown of the balance under this heading in the consolidated balance sheets, according to the CGU to which goodwill has been allocated, is as follows: Goodwill. Breakdown by CGU and changes of the year (Millions of Euros) Mexico Turkey (1) Colombia Chile Other Total Balance as of December 31, 2020 478 254 143 27 8 910 Additions — — — — — — Exchange difference 26 (102) (9) (3) — (88) Impairment — — — — (4) (4) Companies held for sale — — — — — — Balance as of December 31, 2021 504 152 134 24 4 818 Additions — — — — — — Exchange difference 55 — (16) 1 1 41 Impairment — — — — — — Companies held for sale — — — — — — Other — (152) — — — (152) Balance as of December 31, 2022 559 — 118 25 5 707 Additions — — — — — — Exchange difference 64 — 25 (1) — 88 Impairment — — — — — — Companies held for sale — — — — — — Balance as of December 31, 2023 623 — 143 24 5 795 ( 1) As a result of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value as of December 31, 2021, and as a consequence the goodwill as well as other intangible assets (see Note 18.2) assigned to the Turkish CGU were derecognized. Goodwill in business combinations There were no significant business combinations during 2023, 2022 and 2021. Impairment Test As mentioned in Note 2.2.7, the CGU to which goodwill has been allocated, are periodically tested for impairment by including the allocated goodwill in their carrying amount. This analysis is performed at least annually and whenever there is any indication of impairment. Furthermore, it is analyzed whether certain changes in the valuation assumptions used could give rise to differences in the result of the impairment test. The BBVA Group performs estimations on the recoverable amount of certain CGU by calculating the value in use through the discounted value of future cash flows method. The main hypotheses used for the value in use calculation are the following: – The forecast cash flows, including net interest margin and cost of risk, estimated by the Group's management, and based on the latest available budgets for the next 4 to 5 years, considering the macroeconomic variables of each CGU, regarding the existing balance structure as well as macroeconomic variables such as the evolution of interest rates and the CPI of the geography where the CGU is located, among others. – The constant growth rate for extrapolating cash flows, starting in the fourth or fifth year, beyond the period covered by the budgets or forecasts. – The discount rate on future cash flows, which coincides with the cost of capital assigned to each CGU, and which consists of a risk-free rate plus a premium that reflects the inherent risk of each of the businesses evaluated. The focus used by the Group's management to determine the values of the assumptions is based both on its projections and past experience. These values are verified and use external sources of information, wherever possible. Goodwill - Mexico CGU The Group’s most significant goodwill corresponds to the CGU in Mexico, the main significant assumptions used in the impairment test of this CGU as of December 31, 2023, 2022 and 2021 are as follows: Impairment test assumptions CGU goodwill in Mexico 2023 2022 2021 Discount rate (1) 12.4 % 12.7 % 14.5 % Growth rate 5.6 % 6.3 % 5.7 % (1) After tax discount rates. In accordance with paragraph 33.c of IAS 36, as of December 31, 2023, the Group used a growth rate of 5.6% based on the real GDP growth rate of Mexico, the expected inflation rate and the potential growth of the banking sector in Mexico. The assumptions with a greater relative weight and whose volatility could have a greater impact in determining the present value of the cash flows starting on the fourth year are the discount rate and the growth rate. The table below shows, in a simplified way, the relative variation by which the CGU recoverable amount would increase (or decrease) as a result of a reasonable variation (in basis points) of each of the key assumptions, considered in isolation as of December 31, 2023, where, in each case, their value in use would continue to exceed their book value : Sensitivity analysis for main assumptions - Mexico Increase of 50 basis points (1) Decrease of 50 basis points (1) Discount rate (6 %) 7 % Growth rate 5 % (4 %) (1) The use of very different discount or growth rates would be inconsistent with the macroeconomic assumptions under which the Unit builds its business plan, such as inflation assumptions or interest rate curves used to determine cash flows. Goodwill - Turkey CGU As a result of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" in 2022, as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value as of December 31, 2021 and as a consequence the goodwill as well as other intangible assets (see Note 18.2) assigned to the Turkish CGU were derecognized in their entirety. Goodwill - Other CGUs The impairment tests carried out on the rest of the CGUs have not detected significant impairment. Likewise, the sensitivity analysis on the main assumptions carried out for the rest of the CGU of the Group indicate that their value in use would continue to exceed their book value. Other intangible assets The breakdown of the balance and changes of this heading in the consolidated balance sheets, according to the nature of the related items, is as follows: Other intangible assets (Millions of Euros) 2023 2022 2021 Computer software acquisition expense 1,535 1,393 1,239 Other intangible assets with an infinite useful life 8 13 12 Other intangible assets with a definite useful life 25 43 128 Total 1,568 1,449 1,379 The changes of this heading during the years ended December 31, 2023, 2022 and 2021, are as follows: Other intangible assets (Millions of Euros) Notes Computer software Other intangible assets Total of intangible assets 2023 2022 2021 2023 2022 2021 2023 2022 2021 Balance at the beginning 1,396 1,239 1,202 56 140 233 1,453 1,379 1,435 Additions 688 592 470 1 — — 689 592 470 Amortization in the year 45 (518) (490) (446) (19) (20) (48) (536) (510) (494) Amortization transfer to discontinued operations — — — — — — — — — Exchange differences and other (6) 80 29 (5) (63) (45) (11) 17 (16) Impairment (26) (25) (15) — — — (26) (25) (15) Balance at the end 1,535 1,396 1,239 33 56 140 1,568 1,453 1,379 As of December 31, 2023, 2022 and 2021, the cost of fully amortized intangible assets that remained in use were €4,214 million, €3,490 million and €2,992 million respectively, while their recoverable value was not significant.

Note 19

Note 19	12 Months Ended
	Dec. 31, 2023
Tax Assets And Liabilties [Abstract]
Disclosure of tax assets and liabilities [Text Block]	Tax assets and liabilities Consolidated tax group Pursuant to current legislation, BBVA consolidated tax group in Spain includes the Bank (as the parent company) and its Spanish subsidiaries that meet the requirements provided for under Spanish legislation regulating the taxation regime for the consolidated profit of corporate groups. The Group’s non-Spanish banks and subsidiaries file tax returns in accordance with the tax legislation in force in each country. Years open for review by the tax authorities As of December 31, 2023, the BBVA consolidated tax group in Spain was undergoing inspection in connection with the years 2018 to 2020, with respect to the main taxes applicable to it. The remainder of the Spanish consolidated entities in general have the last four years open for inspection by the tax authorities for the main taxes applicable, except for those in which there has been an interruption of the limitation period due to the start of an inspection. In Mexico, during the year 2023, the inspection procedure corresponding to the year 2017 in BBVA Mexico, S.A. has been completed. The settlement issued by the Tax Administration Service (SAT) as a result of said inspection procedure has been appealed by BBVA Mexico in administrative proceedings, which have not been resolved at the date of preparation of these Consolidated Financial Statements. However, the Group and its tax advisors believe that, in the event that any such liability were to materialize, the resulting tax liability would not materially affect the Group's consolidated financial statements. In addition, BBVA México, S.A. is currently under inspection for income tax and value added tax for the year 2018. In view of the varying interpretations that can be made of some applicable tax legislation, the outcome of the tax inspections of the open years that may be conducted by the tax authorities in the future may give rise to contingent tax liabilities which cannot be reasonably estimated at the present time. However, the Group considers that the possibility of these contingent liabilities becoming actual liabilities is remote and, in any case, the tax charge which might arise therefore would not materially affect the Group’s consolidated financial statements. Reconciliation The reconciliation of the Group’s corporate income tax expense resulting from the application of the Spanish corporation income tax rate and the income tax expense recognized in the consolidated income statements is as follows: Reconciliation of taxation at the Spanish corporation tax rate to the tax expense recorded for the year (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Amount Effective tax % Amount Effective tax % Amount Effective tax % Profit or (-) loss before tax 12,419 10,268 8,399 From continuing operations 12,419 10,268 7,247 From discontinued operations — — 1,152 Taxation at Spanish corporation tax rate 30% 3,726 3,080 2,519 Lower/higher effective tax rate from foreign entities ⁽²⁾ 2 317 (332) Mexico (194) 27 % (203) 26 % (109) 27 % Chile (4) 11 % (8) 13 % (5) 22 % Colombia (25) 14 % 24 37 % — 30 % Peru (55) 20 % (16) 27 % 5 31 % Turkey 314 57 % 621 70 % (125) 23 % USA 5 33 % 17 17 % (62) 19 % Others (39) (118) (36) Revenues with lower tax rate (dividends/capital gains) (26) (25) (30) Equity accounted earnings (8) (6) — USA Sale effect — — 544 Other effects 309 139 80 Income tax 4,003 3,505 2,781 Of which: Continuing operations 4,003 3,505 1,909 Of which: Discontinued operations — 872 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Calculated by applying the difference between the tax rate in force in Spain and the one applied to the Group’s earnings in each jurisdiction. The effective income tax rate for the Group in the years ended December 31, 2023, 2022 and 2021 is as follows: Effective tax rate (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Income from: Consolidated tax group in Spain 2,601 2,206 655 Other Spanish entities 6 (462) 5 Foreign entities 9,812 8,524 6,587 Gains (losses) before taxes from continuing operations 12,419 10,268 7,247 Tax expense or income related to profit or loss from continuing operations 4,003 3,505 1,909 Effective tax rate 32.2 % 34.1 % 26.3 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). In 2023, in general terms, there have been no changes in the nominal corporate income tax rate in the main countries in which the Group is present compared to those existing in the previous period, except in the case of Turkey, where the applicable tax rate has increased from 25% to 30%, and Colombia, where the tax rate has increased from 38% to 40%. In the year 2022, out of the main countries in which the Group is present, there were changes in the nominal corporate income tax rate (compared to those existing in the previous year) in Colombia (from 34% to 38%). Income tax recognized in equity In addition to the income tax expense recognized in the consolidated income statements, the Group has recognized the following income tax charges for these items in the consolidated total equity: Tax recognized in total equity (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Charges/credits to total equity Debt securities and others 217 801 (174) Equity instruments 68 (56) (33) Total 285 745 (207) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Current and deferred taxes The balance under the heading "Tax assets" in the consolidated balance sheets includes the balances receivable from the tax authorities relating to current and deferred tax assets. The balance under the “Tax liabilities” heading includes the balances payable in respect of the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows: Tax assets and liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Tax assets Current tax assets (2) 2,860 1,978 932 Deferred tax assets 14,641 14,747 14,917 Pensions 445 422 416 Financial Instruments 1,069 1,478 1,408 Loss allowances 2,127 1,834 1,676 Other 1,467 1,261 1,101 Secured tax assets 8,534 8,689 9,304 Tax losses 999 1,063 1,012 Total 17,501 16,725 15,850 Tax liabilities Current tax liabilities (2) 878 1,415 644 Deferred tax liabilities 1,677 1,520 1,769 Financial Instruments 761 557 1,124 Other 916 963 645 Total 2,554 2,935 2,413 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The increase in current tax assets relates mainly to a higher tax receivable by the tax group in Spain for the refund of year 2023 corporate income tax as a result of the instalment payments made in the year. On the other hand, the decrease in current tax liabilities mainly corresponds to a lower tax payable in Mexico in relation to the estimated corporate income tax for the year 2023, due to the increase in its installment payments for the year. The most significant variations of the deferred tax assets and liabilities in the years 2023, 2022 and 2021 were derived from the following items: Deferred tax assets and liabilities. Annual variations (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Deferred assets Deferred liabilities Deferred assets Deferred liabilities Deferred assets Deferred liabilities Balance at the beginning 14,747 1,520 14,917 1,769 15,327 1,809 Pensions 23 — 6 — (23) — Financials instruments (409) 204 70 (567) 116 216 Loss allowances 293 — 158 — (7) — Others 206 (47) 160 318 32 (256) Secured tax assets (155) — (615) — (57) — Tax losses (64) — 51 — (471) — Balance at the end 14,641 1,677 14,747 1,520 14,917 1,769 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). With respect to the changes in deferred tax assets and liabilities in 2023 contained in the above table, the following should be pointed out: – Secured tax assets decreased as a result of the offsetting of these assets provided for in the estimate of the Spanish tax group's income tax for 2023. – There was a decrease in tax assets due to tax losses because, in 2023, the tax Group in Spain generated positive taxable income that allowed the offsetting of tax losses and deductions. – The level of deferred tax assets (other than those guaranteed and those linked to tax losses) net of deferred tax liabilities, remains at very similar levels, although with a certain net reduction, since the increase experienced by Mexico (mainly due to the exchange rate effect) and Turkey (among others, due to the tax revaluation of its assets associated with inflation) is neutralized, especially, by the net decrease in Spain, among others, due to the effects associated with the valuations of financial instruments. The very functioning of corporate income tax, due to the differences between accounting and taxation, produces constant movements in deferred taxes. Of the deferred tax assets and liabilities contained in the table above, those included in Note 19.4 above have been recognized against the entity's equity, and the rest against earnings for the year or reserves. As of December 31, 2023, 2022 and 2021, the estimated amount of temporary differences associated with investments in subsidiaries, joint ventures and associates, which were not recognized as deferred tax liabilities in the consolidated balance sheets, amounted to €96, €88 and €93 million, respectively. Of the deferred tax assets contained in the above table, the detail of the items and amounts guaranteed by the Spanish government, broken down by the items that originated those assets is as follows: Secured tax assets (Millions of Euros) 2023 2022 2021 Pensions 1,622 1,622 1,759 Loss allowances 6,912 7,067 7,545 Total 8,534 8,689 9,304 As of December 31, 2023, non-guaranteed net deferred tax assets of the above table amounted to €4,430 million (€4,537 and €3,844 million as of December 31, 2022 and 2021, respectively), which broken down by major geographies is as follows: – Spain: Net deferred tax assets recognized in Spain totaled €1,805 million as of December 31, 2023 (€2,424 and €2,342 million as of December 31, 2022 and 2021, respectively). €883 million of the figure recorded in the year ended December 31, 2023 for net deferred tax assets related to tax credits and tax loss carry forwards and €922 million relate to temporary differences. – Mexico: Net deferred tax assets recognized in Mexico amounted to €1,899 million as of December 31, 2023 (€1,640 and €1,121 million as of December 31, 2022 and 2021, respectively). Practically all of deferred tax assets as of December 31, 2023 relate to temporary differences. – South America: Net deferred tax assets recognized in South America amounted to €213 million as of December 31, 2023 (€227 and €65 million as of December 31, 2022 and 2021, respectively). Of the figure recorded at year-end 2023 for net deferred tax assets, €86 million relate to tax credits for tax loss carryforwards and €127 million have arisen as temporary differences. – Turkey: Net deferred tax assets recognized in Turkey amounted to €499 million as of December 31, 2023 (€228 and €302 million as of December 31, 2022 and 2021, respectively). Practically, all of the deferred tax assets have arisen as temporary differences. With regard to Turkey, it should be noted that both its tax rate and its net deferred assets have been affected by the changes in the country's tax regulations during 2023, which has entailed, on the one hand, (i) the revaluation, from a tax point of view, of certain non-monetary assets based on inflation, highlighting in this respect the positive impact generated in the first quarter of the year consisting of an initial credit to the corporate income tax expense in the consolidated financial statements of the BBVA Group, amounting to approximately €260 million, and on the other hand, (ii) the modification of the general corporate income tax rate, which increases from 20% to 25% (30% for banks and financial institutions) and which is applicable to profits generated in tax periods beginning on or after January 1, 2023. It has not had a material impact on the consolidated financial statements of the BBVA Group. Based on the information available as of December 31, 2023, including historical levels of benefits and projected results available to the Group for the coming 15 years, the Group has carried out an analysis of its recovery of deferred tax assets and liabilities and it is considered that there is sufficient positive evidence, in excess of the negative evidence, that sufficient positive taxable income will be generated for the recovery of the aforementioned unsecured deferred tax assets when they become deductible in accordance with tax legislation. On the other hand, the Group has not recognized for accounting purposes (or, as the case may be, has been subject to a valuation adjustment) certain deferred tax assets (tax loss carryforwards, deductions and temporary differences) for which, in general, there is no legal period for offsetting, amounting to approximately €2,398 million (in terms of quota), which mainly arise from the integration of Catalunya Banc in the case of Spain, in accordance with the following breakdown by each of the jurisdictions in which the Group is located and carries on its business activities: (i) Spain: €2,352,434 thousand; (ii) United States: €27,268 thousand; (iii) Portugal: €12,179 thousand; (iv) Japan: €2,897 thousand; (v) Peru: €2,549 thousand; (vi) Netherlands: €683 thousand; and (vii) China: €96 thousand. In connection with the above, it should be noted that within the framework of the ongoing process of rationalization of the Group's corporate structure which, among other things, may provide for the future dissolution and liquidation of companies, the materialization of the aforementioned deferred tax assets not recognized for accounting purposes may take place in the Group company that is a shareholder of the entity being dissolved and liquidated, as a result of the disclosure of tax losses pending deduction associated with the shareholding of the company which, as the case may be, is dissolved and liquidated. Other Contributions Temporary tax on credit institutions in Spain On December 28, 2022, the Law for the establishment of the temporary tax on credit institutions and financial credit establishments was published in the Official State Gazette. This law establishes an obligation to pay a non-taxable equity benefit of public nature during the years 2023 and 2024 on those credit institutions that operate in Spain whose aggregate interest income and fee and commission income in 2019 was €800 million or more. The amount of the non-taxable equity benefit to be paid is the result of applying the percentage of 4.8% to the sum of the net interest income and fee and commission income and expense derived from the activity carried out in Spain, as shown in the income statement of the tax consolidation group to which the credit institutions belongs, corresponding to the calendar year prior to the year in which the obligation to make such a payment arose. The payment obligation arises on the first day of the calendar year of fiscal years 2023 and 2024. The impact of the payment required to be made by BBVA on account of this benefit in 2023 amounted to €215 million and was recorded under "Other operating expense" in the consolidated income statement (see Note 42). The estimated impact corresponding to the year 2024 is €285 million and will be recorded on the first quarter of 2024 in such caption of the consolidated income statement.

Note 20

Note 20	12 Months Ended
	Dec. 31, 2023
Other Assets And Liabilities [Abstract]
Disclosure of Other Assets And Liabilities [Text Block]	Other assets and liabilities The composition of the balance of these captions of the consolidated balance sheets is: Other assets and liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ASSETS Inventories 276 325 424 Transactions in progress 41 93 131 Accruals 1,368 1,461 730 Other items 1,174 706 649 Total 2,859 2,586 1,934 LIABILITIES Transactions in progress 133 44 48 Accruals 2,878 2,595 2,137 Other items 2,466 2,269 1,436 Total 5,477 4,909 3,621 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 21

Note 21	12 Months Ended
	Dec. 31, 2023
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
Disclosure of non current assets and liabilities and disposal groups classified as held for sale [Text Block]	Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale The composition of the balances under the headings “Non-current assets and disposal groups classified as held for sale” and “liabilities included in disposal groups classified as held for sale” in the consolidated balance sheets, broken down by the origin of the assets, is as follows: Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale. Breakdown by items (Millions of Euros) 2023 2022 2021 ASSETS Foreclosures and recoveries 943 1,070 1,218 Other assets from tangible assets (1) 1,026 1,063 563 Companies held for sale 43 40 41 Accrued amortization (2) (84) (93) (112) Impairment losses (1) (1,005) (1,057) (650) Total 923 1,022 1,061 LIABILITIES Companies held for sale — — — Total — — — (1) The variation in 2022 corresponds mainly to the reclassification of offices previously in own use and now closed after the closing of the transaction with Merlin Properties (see Note 17). In 2021, it includes the reclassification of owned offices and facilities from "tangible assets" to "non-current assets and disposal groups classified as held for sale" and the adjustments due to the closing of the owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 24 and 50). (2) Corresponds to the accumulated depreciation of assets before their classification as "Non-current assets and disposal groups classified as held for sale". Non-current assets and disposal groups classified as held for sale The changes in the balances of “Non-current assets and disposal groups classified as held for sale” in 2023, 2022 and 2021, are as follows: Non-current assets and disposal groups classified as held for sale (Millions of Euros) Notes Foreclosed assets Property, Plant and Equipment (1) Companies held for sale Total Cost (a) 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 Balance at the beginning 1,070 1,218 1,398 970 452 391 39 41 84,792 2,078 1,711 86,581 Additions 190 211 245 2 1 — 2 522 192 214 768 Contributions from merger transactions — — — — 592 — — — — — 592 — Retirements (sales and other decreases) (323) (353) (298) (34) (110) (39) — (2) (83,172) (357) (465) (83,509) Transfers, other movements and exchange differences 6 (6) (127) 5 35 100 4 (2) (2,100) 15 27 (2,128) Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 943 1,070 1,218 943 970 452 43 39 41 1,928 2,078 1,711 Impairment (b) Balance at the beginning 356 381 386 701 269 208 — — — 1,057 650 594 Additions 50 16 64 36 27 158 62 — — — 42 221 97 Additions transfer to discontinued operations — — — — — — — — — — — — Contributions from merger transactions — — — — — — — — — — — — Retirements (sales and other decreases) (89) (102) (65) (22) (46) (13) — — — (111) (148) (78) Other movements and exchange differences 16 13 24 1 320 12 — — — 17 333 36 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 299 356 381 706 701 269 — — — 1,005 1,057 650 Balance at the end of net carrying value (a)-(b) 644 714 837 236 269 183 43 39 41 923 1,022 1,061 (1) Net of accumulated amortization until assets were reclassified as “Non-current assets and disposal groups classified as held for sale”. As indicated in Note 2.2.6, “Non-current assets and disposal groups held for sale” and “Liabilities included in disposal groups classified as held for sale” are valued at the lower amount between its fair value less costs to sell and its carrying amount. As of December 31, 2023, 2022 and 2021 practically all of the carrying amount of the assets recorded at fair value on a non-recurring basis equals their fair value. Assets from foreclosures or recoveries As of December 31, 2023, 2022 and 2021, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to €460 million, €478 million and €608 million in assets for residential use; €154 million, €199 million and €202 million in assets for tertiary use (industrial, commercial or office) and €26 million, €34 million and €19 million in assets for agricultural use, respectively. As of December 31, 2023, 2022 and 2021, the average sale time of assets from foreclosures or recoveries was between 2 and 3 years. During the years 2023, 2022 and 2021, some of the sale transactions for these assets were financed by Group companies. The amount of loans granted to the buyers of these assets in those years amounted to €22 million, €43 million and €62 million, respectively; with an average financing of 61% of the sales price during 2023. As of December 31, 2023, 2022 and 2021, the amount of the profits arising from the sale of assets financed by Group companies that are not recognized in the consolidated income statement is not significant.

Note 22

Note 22	12 Months Ended
	Dec. 31, 2023
Financial liabilities at amortised cost [Abstract]
Disclosure of Financial liabilities at amortised cost [Text Block]	Financial liabilities at amortized cost Breakdown of the balance The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial liabilities measured at amortized cost (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Deposits 473,835 459,662 416,947 Deposits from central banks 20,309 38,323 47,351 Demand deposits 159 205 8 Time deposits and other 12,203 33,534 41,790 Repurchase agreement 7,947 4,584 5,553 Deposits from credit institutions 40,039 26,935 19,834 Demand deposits 6,629 11,434 7,601 Time deposits and other 12,871 11,787 8,599 Repurchase agreement 20,539 3,714 3,634 Customer deposits 413,487 394,404 349,761 Demand deposits 317,543 316,082 293,015 Time deposits and other 91,740 76,063 55,479 Repurchase agreement 4,204 2,259 1,267 Debt certificates issued 68,707 55,429 55,763 Other financial liabilities 15,046 14,081 15,183 Total 557,589 529,172 487,893 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The amount recorded in "Deposits from central banks - Time deposits" includes the drawdowns of the TLTRO III facilities of the ECB, mainly by BBVA S.A., amounting to €3,660 million as of December 31, 2023 and €26,711 million as of December 31, 2022, having started the partial repayment of the TLTRO III program in December 2022 for an approximate amount of €35,000 million. As of December 31, 2021 it amounted to €38,692 million (see Note 7.5). The positive income generated by the drawdowns of the TLTRO III facilities has been recorded under the heading of "Interest and other income – Other income" in the consolidated income statements (see Note 37.1), while the negative remuneration generated by the drawdowns of the TLTRO III facilities has been recorded under "Interest expense" in the consolidated income statements. Deposits from credit institutions The breakdown by geographical area and the nature of the related instruments of this heading in the consolidated balance sheets is as follows: Deposits from credit institutions (Millions of Euros) Demand deposits Time deposits and other (1) Repurchase agreements Total December 2023 Spain 1,252 2,434 899 4,585 Mexico 789 642 — 1,431 Turkey 16 535 37 587 South America 416 2,242 — 2,659 Rest of Europe 3,011 2,742 19,344 25,097 Rest of the world 1,145 4,277 259 5,681 Total 6,629 12,871 20,539 40,039 December 2022 Spain 1,215 1,429 67 2,709 Mexico 855 732 — 1,587 Turkey 10 633 29 672 South America 844 2,251 — 3,095 Rest of Europe 3,613 2,944 1,669 8,226 Rest of the world 4,897 3,797 1,949 10,645 Total 11,434 11,787 3,714 26,935 December 2021 Spain 1,671 375 — 2,047 Mexico 444 558 — 1,002 Turkey 83 672 37 792 South America 532 1,225 — 1,757 Rest of Europe 1,841 3,110 2,549 7,500 Rest of the world 3,030 2,657 1,048 6,736 Total 7,601 8,599 3,634 19,834 (1) Subordinated deposits are included amounting to €35, €24 and €14 million as of December 31, 2023, 2022 and 2021, respectively. Customer deposits The breakdown by geographical area of this heading in the consolidated balance sheets, by type of instrument is as follows: Customer deposits (Millions of Euros) Demand deposits Time deposits and other Repurchase agreements Total December 2023 Spain 179,825 17,952 4 197,780 Mexico 76,122 15,067 1,638 92,828 Turkey 20,423 21,485 1,331 43,239 South America 26,888 17,349 — 44,237 Rest of Europe 12,863 16,257 1,231 30,350 Rest of the world 1,422 3,630 — 5,052 Total 317,543 91,740 4,204 413,487 December 2022 ⁽¹⁾ Spain 188,803 13,937 2 202,742 Mexico 64,671 12,916 630 78,217 Turkey 22,117 17,254 747 40,118 South America 27,083 14,505 — 41,587 Rest of Europe 11,670 14,224 880 26,774 Rest of the world 1,737 3,228 — 4,965 Total 316,082 76,063 2,259 394,404 December 2021 Spain 181,565 10,407 2 191,974 Mexico 53,359 10,383 505 64,247 Turkey 19,725 13,644 6 33,376 South America 28,039 9,822 — 37,861 Rest of Europe 8,933 9,546 754 19,234 Rest of the world 1,393 1,677 — 3,070 Total 293,015 55,479 1,267 349,761 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). 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) 2023 2022 2021 In Euros 44,622 35,611 36,289 Promissory bills and notes 5,416 1,079 319 Non-convertible bonds and debentures 16,256 16,979 15,712 Covered bonds 6,734 7,665 9,930 Hybrid financial instruments (1) 800 959 366 Securitization bonds 2,168 2,501 2,302 Wholesale funding 6,182 139 438 Subordinated liabilities 7,066 6,289 7,221 Convertible perpetual certificates 3,000 3,000 3,500 Other non-convertible subordinated liabilities 4,066 3,289 3,721 In foreign currencies 24,086 19,819 19,475 Promissory bills and notes 336 351 579 Non-convertible bonds and debentures 8,684 9,323 7,885 Covered bonds 99 114 178 Hybrid financial instruments (1) 4,722 3,724 2,843 Securitization bonds — — 4 Wholesale funding 1,479 111 412 Subordinated liabilities 8,766 6,196 7,574 Convertible perpetual certificates 2,715 1,876 1,771 Other non-convertible subordinated liabilities 6,051 4,320 5,803 Total 68,707 55,429 55,763 (1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9. Subordinated liabilities The breakdown of this heading in the consolidated balance sheets is as follows: Memorandum item: Subordinated liabilities at amortized cost (Millions of Euros) 2023 2022 2021 Subordinated deposits 35 24 14 Subordinated certificates 15,832 12,485 14,794 Compound convertible financial instruments 5,715 4,876 5,271 Other non-convertible subordinated liabilities 10,117 7,609 9,523 Total 15,867 12,509 14,808 The balance variances are mainly due to the following transactions: Perpetual Contingent Convertible Securities The Annual General Shareholders' Meeting of BBVA held on April 20, 2021, resolved, under agenda item five, to authorize the Board of Directors of BBVA, with sub-delegation powers, to issue convertible securities, whose conversion is contingent and which are intended to meet regulatory requirements for their eligibility as capital instruments (CoCos), in accordance with the solvency regulations applicable from time to time, subject to the legal and statutory provisions that may be applicable at any time. The Board of Directors may make issues on one or several times within the maximum term of five years from the date on which this resolution was adopted, up to the maximum overall amount of €8 billion or its equivalent in any other currency. The Board of Directors may also resolve to exclude, either fully or partially, the pre-emptive subscription rights of shareholders within the framework of a concrete issuance, complying in all cases with the legal requirements and limitations established for this purpose at any given time. Under that delegation, BBVA has made the following contingently convertible issuances that qualify as additional tier 1 capital of the Bank and the Group in accordance with Regulation (EU) 575/2013: – On June 21, 2023, BBVA carried out an issuance of perpetual contingent convertible securities with exclusion of shareholders' pre-emptive subscription rights, for a total nominal amount of €1 billion. This issuance is listed in the Global Exchange Market of Euronext Dublin and was targeted only at qualified investors, not being offered or sold to any retail clients. – On September 19, 2023, BBVA carried out an issuance of perpetual contingent convertible securities with exclusion of shareholders' pre-emptive subscription rights, for a total nominal amount of USD 1 billion. This issuance is listed on the New York Stock Exchange and was targeted only at qualified investors, not being offered or sold to any retail clients. These perpetual securities issued, where appropriate, must be converted into newly issued ordinary shares of BBVA if the CET 1 ratio of the Bank or the Group is less than 5.125%, in accordance with their respective terms and conditions. These type of issuances made by the Bank may be fully redeemed at BBVA's option only in the cases contemplated in their respective terms and conditions and, in any case, in accordance with the provisions of the applicable legislation. In particular, throughout the financial years 2021, 2022 and 2023: – On April 14, 2021, the Bank early redeemed the issuance of contingently convertible preferred securities (which qualified as additional tier 1 instruments) carried out by the Bank on April 14, 2016, for an amount of €1 billion on the First Reset Date of the issuance and once the prior consent from the Regulator was obtained. – On May 24, 2022, the Bank early redeemed the contingently convertible preferred securities (which qualified as additional tier 1 instruments) issued by the Bank on May 24, 2017, for an amount of €500 million on the First Reset Date and once the prior consent from the Regulator was obtained. – On September 24, 2023, the Bank early redeemed the issuance of contingently convertible preferred securities (which qualified as additional tier 1 instruments) carried out by the Bank on September 24, 2018, for an amount of €1 billion on the First Reset Date and once the prior consent from the Regulator was obtained. Convertible Securities The Annual General Shareholders' Meeting of BBVA held on March 18, 2022, resolved, under agenda item five, to confer authority on the Board of Directors of BBVA, with sub-delegation powers, to issue securities convertible into new BBVA shares (other than contingently convertible securities, envisaged to meet regulatory requirements for their eligibility as capital instruments (CoCos) referred to in the resolutions adopted by BBVA's Annual General Shareholders' Meeting held on April 20, 2021, under agenda item five), subject to provisions in the law and in BBVA's bylaws that may be applicable at any time, on one or several occasions within the maximum term of five years to be counted as from the date on which the resolution was adopted, up to a maximum total amount of €6 billion, or the equivalent in any other currency. The Board of Directors may also resolve to exclude, either fully or partially, the pre-emptive subscription rights of shareholders within the framework of a specific issuance, subject to the following limitation: the aggregate nominal amount of any capital increases with exclusion of pre-emptive subscription rights that may be carried out to satisfy the conversion of securities by virtue of this authorization (without prejudice to any applicable anti-dilution adjustments) and any capital increases with exclusion of pre-emptive subscription rights that may be agreed or executed pursuant to the power set forth under item 4 on the Agenda of the same General Meeting, described in Note 26, may not exceed 10% of BBVA's share capital at the time the resolution was adopted. As of the date hereof the Bank has not made use of the authority granted by the BBVA Annual General Shareholders' Meeting held on March 18, 2022. Other financial liabilities The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Other financial liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Lease liabilities (2) 1,507 1,398 2,560 Creditors for other financial liabilities 3,439 3,584 2,657 Collection accounts 3,642 3,426 3,839 Creditors for other payment obligations 6,458 5,673 6,127 Total 15,046 14,081 15,183 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties for which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group (see Note 17). A breakdown of the maturity of the lease liabilities, due after December 31, 2023 is provided below: Maturity of future payment obligations (Millions of Euros) Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total Leases 236 264 182 824 1,507

Note 23

Note 23	12 Months Ended
	Dec. 31, 2023
Assets and Liabilities under reinsurance and insurance contracts [Abstract]
Disclosure of Assets and Liabilities under reinsurance and insurance contracts [Text Block]	Assets and liabilities under insurance and reinsurance contracts The Group has insurance subsidiaries mainly in Spain, Latin America (mostly in Mexico) and Turkey. Specifically, the insurance entities located in Spain and Mexico together accounted for approximately 95% in terms of total liabilities under insurance and reinsurance contracts as of December 31, 2023. The main product offered by the insurance subsidiaries is life insurance to cover the risk of death (risk insurance) and life-savings insurance. Within life and accident insurance, a distinction is made between freely sold products and those offered to customers who have taken mortgage or consumer loans, which cover the principal of those loans in the event of the customer’s death. There are two types of savings products: individual insurance, which seeks to provide the customer with savings for retirement or other events, and group insurance, which is taken out by employers to cover their commitments to their employees. The insurance business is affected by different risks, including those that are related to the BBVA Group such as credit risk, market risk, liquidity risk and operational risk and the methodology for risk measurement, control and follow-up applied in the insurance activity is similar (see Note 7), although it has a differentiated management due to the particular characteristics of the insurance business, such as the coverage of contracted obligations and the long term of the commitments. Additionally, the insurance business generates certain specific risks, of a probabilistic nature: – Technical risk: arises from deviations in the estimation of the casualty rate of insurances, either in terms of numbers, the amount of such claims and the timing of its occurrence. – Longevity risk: is the risk of incurring higher benefit payments than expected due to an increase in the life expectancy of the insured persons. The insurance activity is fully integrated into the BBVA Group's risk management framework. From the definition of the risk appetite to the management limits, the governance model, the admission process, the organizational scheme and the development of computer systems/models, everything is designed with a global approach and under consistent and homogeneous criteria, aligned with other financial business of the BBVA Group. This also means that control activities and information flow are fully integrated into internal processes, from local reporting to the corporate bodies of the BBVA Group. The insurance industry is highly regulated in each geographical area. In this regard, it should be noted that the insurance industry is undergoing a gradual regulatory transformation through new accounting and risk-based capital regulations, which have already been published in several countries. The amounts that the consolidated insurance entities are entitled to receive from reinsurance contracts they maintain with third parties are recognized under the heading “Assets under reinsurance and insurance contracts” in the consolidated balance sheets. As of December 31, 2023 and 2022, the balance under this heading amounted to €211 million and €183 million, respectively. The heading “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets includes the liabilities recorded under insurance contracts of the consolidated insurance entities in accordance with IFRS 17 (see Note 2.2.8). The breakdown of the balance of this heading as of December 31, 2023 and 2022 is as follows: Liabilities under insurance and reinsurance contracts (Millions of Euros) 2023 2022 ⁽¹⁾ Insurances 12,110 10,131 Liabilities for remaining coverage 10,900 9,157 Estimates of the present value of cash flows 9,361 7,745 Risk adjustment 171 155 Cost service margin 1,213 1,097 Loss component 1 1 Premium reserve - Simplified Model 154 159 Liabilities for incurred claims 1,210 974 Estimates of the present value of cash flows 1,191 959 Risk adjustment 19 15 Reinsurances — — Total 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). In addition, the breakdown of “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets by type of product as of December 31, 2023 and 2022 is shown in the table below: Liabilities under insurance and reinsurance contracts by type of product (Millions of Euros) 2023 2022 ⁽¹⁾ Liabilities for remaining coverage 10,900 9,157 Life insurance 10,657 8,962 Individuals life insurance ⁽²⁾ 8,900 7,592 Group insurance ⁽³⁾ 1,757 1,370 Non-life insurance 243 195 Liabilities for incurred claims 1,210 974 Total 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Provides coverage in the event of death, disability and serious illness. (3) The insurance policies purchased by employers (other than BBVA Group) on behalf of their employees. The variation in liabilities under insurance and reinsurance contracts analyzed by liability for the remaining coverage and liability for incurred claims for the years 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by liabilities for the remaining coverage and the liabilities for incurred claims. December 2023 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Excluding loss component Loss component Initial balance 7,871 1,286 974 10,131 Result from insurance service (2,817) (5) 1,532 (1,289) Insurance revenue (2,887) (10) — (2,897) Amounts related to changes in liability for remaining coverage (995) (10) — (1,005) Recovery of insurance acquisition cash flows (23) — — (23) Other (1,869) — — (1,869) Insurance expense 70 5 1,532 1,607 Incurred claims and other expenses — — 1,509 1,509 Amortization of insurance acquisition cash flows 70 — — 70 Changes to liability for incurred claims — — 23 23 Impairment (reversal) from loss component — 5 — 5 Financial income/ expenses from insurance contracts 495 68 1 564 Exchange differences 795 212 59 1,067 Cash flows 2,692 302 (1,357) 1,637 Final balance 9,036 1,864 1,210 12,110 Variation in liabilities under insurance and reinsurance contracts analyzed by liabilities for the remaining coverage and the liabilities for incurred claims. December 2022 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Excluding loss component Loss component Initial balance 7,657 1,218 1,097 9,972 Result from insurance service (2,201) (244) 1,260 (1,186) Insurance revenue (2,329) (246) — (2,575) Amounts related to changes in liability for remaining coverage (828) (246) — (1,074) Recovery of insurance acquisition cash flows (4) — — (4) Other (1,497) — — (1,497) Insurance expense 128 2 1,260 1,390 Incurred claims and other expenses — — 1,112 1,112 Amortization of insurance acquisition cash flows 116 — — 116 Changes to liability for incurred claims — — 148 148 Impairment (reversal) from loss component 12 2 — 13 Financial income/ expenses from insurance contracts (749) 55 2 (692) Exchange differences 820 228 51 1,099 Cash flows 2,345 30 (1,437) 938 Final balance 7,871 1,286 974 10,131 Likewise, the variation of liabilities under insurance and reinsurance contracts, distinguishing between their different valuation components for the years 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2023 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 8,056 150 1,097 9,303 Insurance service result (384) — (23) (406) Changes that relate to current services (749) (26) (185) (960) Contractual service margin release — — (185) (185) Risk adjustment release — (26) — (26) Experience adjustments (749) — — (749) Changes that relate to future services (189) 26 163 — Changes in estimates that adjust the contractual service margin 35 (6) (36) (7) Changes in estimates that result in losses (reversals) on onerous contracts (6) — 4 (2) Contracts initially recognized in the year (218) 32 194 8 Changes that relate to past services 554 — — 554 Adjustments to liability for incurred claims 554 — — 554 Financial income/ expenses from insurance contracts 508 11 45 564 Exchange rate differences 935 6 94 1,035 Cash flows 623 — — 623 Contracts transferred to / from a third party — — — — Final balance 9,738 167 1,213 11,118 (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2022 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 7,945 112 948 9,006 Insurance service result (606) 46 49 (511) Changes that relate to current services (750) (14) (144) (908) Contractual service margin release — — (144) (144) Risk adjustment release — (14) — (14) Experience adjustments (750) — — (750) Changes that relate to future services (270) 60 193 (17) Changes in estimates that adjust the contractual service margin (50) 45 3 (3) Changes in estimates that result in losses (reversals) on onerous contracts (15) — (3) (19) Contracts initially recognized in the year (204) 15 194 5 Changes that relate to past services 413 — — 413 Adjustments to liability for incurred claims 413 — — 413 Financial income/ expenses from insurance contracts (704) (20) 29 (694) Exchange rate differences 1,009 11 72 1,093 Cash flows 412 — — 412 Contracts transferred to / from a third party — — — — Final balance 8,056 150 1,097 9,303 (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). The maturity of those “Liabilities under insurance and reinsurance contracts” are shown below: Maturity of the liabilities under insurance and reinsurance contracts (Millions of Euros) Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total 2023 1,356 962 2,425 7,367 12,110 2022 ⁽¹⁾ 1,754 663 1,664 6,050 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The classification and valuation models used to calculate the liabilities under insurance and reinsurance contracts are detailed in Note 2.2.8 of these consolidated Financial Statements. In general, in estimating compliance flows valued under the General Model, the Group has used tables based on the companies' own experience to estimate discounted future cash flows for all units of account, except for those cases in which the entity has not had sufficient historical data for the construction of the assumptions, so in such cases, regulatory tables have been used. In relation to the assets and liabilities under insurance and reinsurance contracts falling under IFRS 4, which was applicable to 2021, the consolidated balance sheets for that year presented mathematical reserves of €9,495 million (of which €7,265 million related to individual life insurance and €2,230 million to group insurance), provisions for unpaid claims amounted to €706 million and provisions for unexpired risks and other provisions amounted to €664 million. The cash flows of the “Liabilities under insurance and reinsurance contracts” under IFRS 4 as of December 31, 2021 are shown below: Maturity (Millions of Euros). Liabilities under insurance and reinsurance contracts Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total 2021 1,808 290 1,664 7,103 10,865 The table below shows the key assumptions under IFRS 4 as of December 31, 2021 used in the calculation of the mathematical reserves for insurance products in Spain and Mexico, respectively: Mathematical reserves 2021 Mortality table Average technical interest rate Spain Mexico Spain Mexico Individual life insurance (1) GRMF 80-2, Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual 0.24%- 2.85% 3.60% Group insurance (2) PERFM 2000 Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupo Depending on the related portfolio 5.50 % (1) Provides coverage in the case of one or more of the following events: death, disability and / or serious illness. (2) Insurance policies purchased by companies (other than BBVA Group entities) on behalf of their employees.

Note 24

Note 24	12 Months Ended
	Dec. 31, 2023
Provisions [abstract]
Disclosure of provisions [text block]	Provisions The breakdown of the balance under this heading in the consolidated balance sheets, based on type of provisions, is as follows: Provisions. Breakdown by concepts (Millions of Euros) Notes 2023 2022 2021 Provisions for pensions and similar obligations 25 2,571 2,632 3,576 Other long term employee benefits (1) 25 435 466 632 Provisions for taxes and other legal contingencies 7.1 696 685 623 Provisions for contingent risks and commitments 770 770 691 Other provisions (2) 452 380 366 Total 4,924 4,933 5,889 (1) In 2021 it included the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. (2) Individually non-significant provisions, for various concepts and corresponding to different geographical areas. The change in provisions for pensions and similar obligations for the years ended December 31, 2023, 2022 and 2021 is as follows: Provisions for pensions, other post-employment obligations for defined benefit plans, and other long term employee benefits. Changes over the year (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Balance at the beginning 2,632 3,576 4,272 Charges to income for the year 211 25 141 Interest expense and similar charges 133 75 37 Personnel expense 44.1 49 42 49 Provision expense 29 (92) 56 Charges (credits) to equity (2) 25 314 (433) (206) Transfers and other changes (57) 24 (21) Benefit payments 25 (424) (492) (608) Employer contributions 25 (106) (67) (4) Balance at the end 2,571 2,632 3,576 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Correspond to actuarial losses (gains) arising from certain post-employment defined-benefit commitments for pensions recognized in “Equity” (see Note 2.2.13). Provisions for taxes, legal contingencies and other provisions. Changes over the year (Millions of Euros) 2023 2022 2021 Balance at beginning 1,065 990 1,091 Additions (1) 651 417 1,175 Acquisition of subsidiaries — — — Unused amounts reversed during the year (385) (130) (227) Amount used and other variations (1) (183) (211) (1,050) Balance at the end 1,148 1,065 990 (1) In 2021, it includes the initial recognition of the estimated cost of the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A., and the subsequent reclassification from "Other provisions" to "Other long term employee benefits" for the remaining amount at the time of the reclassification. Collective layoff procedure On June 8, 2021, BBVA reached an agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain on April 13, 2021, which would affect a maximum of 2,935 employees. The agreement also included the closing of 480 offices. The cost of the process amounted to €994 million before taxes, of which €754 million corresponded to the collective layoff and €240 million to the closing of offices (see Notes 17, 21, 46, 49 and 50). By the time the procedure was over, 2,899 employees had accepted the agreement and effectively departed BBVA. Ongoing legal proceedings and litigation The financial sector faces an environment of increased regulatory pressure and litigation. In this environment, the various Group entities are often subject to lawsuits and involved in individual or collective legal proceedings and litigation arising from their activity and operations, including proceedings arising from their lending activity, from their labor relations and from other commercial, regulatory or tax issues, as well as in arbitration. On the basis of the information available, the Group considers that, as of December 31, 2023, the provisions made in relation to judicial proceedings and arbitrations, where so required, are adequate and reasonably cover the liabilities that might arise, if any, from such proceedings and arbitrations. Furthermore, on the basis of the information available and with the exceptions indicated in Note 7.1 "Risk factors", BBVA considers that the liabilities that may arise from such proceedings will not have, individually, a significant adverse effect on the Group's business, financial situation or results of operations.

Note 25

Note 25	12 Months Ended
	Dec. 31, 2023
Post Employment And Other Employee Benefit Commitments [Abstract]
Disclosure of Post Employment And Other Employee Benefit Commitments [Text Block]	Post-employment and other employee benefit commitments As stated in Note 2.2.13, the Group has assumed commitments with employees including short-term employee benefits (see Note 44.1), defined contribution and defined benefit plans (see Glossary), healthcare and other long-term employee benefits. The Group sponsors defined-contribution plans for the majority of its active employees with the plans in Spain and Mexico being the most significant. Most defined benefit plans are closed to new employees with liabilities relating largely to retired employees, the most significant being those in Spain, Mexico and Turkey. In Mexico, the Group provides medical benefits to a closed group of employees and their family members, both in active service and retirement. The breakdown of the net defined benefit liability recorded on the balance sheet as of December 31, 2023, 2022 and 2021 is provided below: Net defined benefit liability (asset) on the consolidated balance sheet (Millions of Euros) Notes 2023 2022 2021 Pension commitments 3,849 3,661 4,218 Early retirement commitments 412 606 952 Medical benefits commitments 1,728 1,448 1,377 Other long term employee benefits 435 466 632 Total commitments 6,424 6,181 7,180 Pension plan assets 1,675 1,608 1,494 Medical benefit plan assets 1,744 1,476 1,494 Total plan assets ⁽¹⁾ 3,419 3,084 2,988 Total net liability / asset 3,006 3,097 4,193 Of which: Net asset on the consolidated balance sheet (2) — (1) (15) Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) 24 2,571 2,632 3,576 Of which: Net liability on the consolidated balance sheet for other long term employee benefits 24 435 466 632 (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €153 million as of December 31, 2023 which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the Consolidated Financial Statements, because although it could be used to reduce future pension contributions it could not be immediately refunded to the employer. (2) Recorded under the heading “Other Assets - Other” of the consolidated balance sheet (see Note 20). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. The impact relating to benefit commitments charged to consolidated income statement for the years 2023, 2022 and 2021 is as follows: Consolidated income statement impact (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Interest and other expense 133 75 37 Interest expense 444 342 257 Interest income (311) (267) (220) Personnel expense 188 130 120 Defined contribution plan expense 44.1 139 87 71 Defined benefit plan expense 44.1 49 42 49 Provisions or (reversal) of provisions 46 31 (89) 61 Early retirement expense — — 100 Past service cost expense 36 34 (28) Remeasurements ⁽²⁾ (7) (126) (16) Other provision expense 2 3 6 Total impact on consolidated income statement: expense (income) 352 116 218 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits that are charged to the income statements (see Note 2.2.12). The amounts relating to post-employment benefits charged to the consolidated balance sheet correspond to the actuarial gains (losses) on remeasurement of the net defined benefit liability relating to pension and medical commitments before income taxes as of December 31, 2023, 2022 and 2021 are as follows: Equity impact (Millions of Euros) 2023 2022 2021 Defined benefit plans 302 (363) 52 Post-employment medical benefits 12 (71) (257) Total impact on equity: debit (credit) 314 (433) (206) In 2023, the aggregate impact of this heading amounted to a debit of € 314 million driven by the variation in financial assumptions, losses of €71 million from commitments in Spain, and losses of €170 million for commitments in Mexico. These amounts are offset by other minor effects of actuarial experience in these geographical areas and financial, demographic and experience effects in other geographical areas. In 2022, the aggregate impact of this heading amounted to a credit of €433 million driven by the variation in financial assumptions, gains of €558 million from commitments in Spain, and losses of €72 million for commitments in Mexico. These amounts are offset by other minor effects of actuarial experience in these geographical areas and financial, demographic and experience effects in other geographical areas. In 2021, the aggregate impact of this heading amounted to a credit of €206 million driven by the variation in financial assumptions, gains of €171 million for the commitments in Mexico, and gains of €55 million for the commitments in Spain. These amounts are offset by other geographies and demographic and experience effects. Defined benefit plans Defined benefit commitments relate mainly to employees who have already retired or taken early retirement, certain closed groups of active employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. For the latter, the Group pays the required premiums to fully insure the related liability. The change in these pension commitments during the years ended December 31, 2023, 2022 and 2021 is presented below: Defined benefits (Millions of Euros) 2023 2022 2021 Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Balance at the beginning 5,715 3,084 2,631 6,547 2,988 3,560 7,348 3,092 4,256 Current service cost 52 — 52 45 — 45 53 — 53 Interest income/expense 425 311 114 333 267 65 253 220 33 Contributions by plan participants 10 10 — 10 10 — 5 5 — Employer contributions — 106 (106) — 67 (67) — 4 (4) Past service costs (1) 36 — 36 34 — 34 75 — 75 Remeasurements: 375 68 307 (741) (240) (501) (406) (184) (223) Return on plan assets (2) — 68 (68) — (240) 240 — (184) 184 From changes in demographic assumptions (86) — (86) (29) — (29) (121) — (121) From changes in financial assumptions 248 — 248 (812) — (812) (259) — (259) Other actuarial gains and losses 212 — 212 100 — 100 (27) — (27) Benefit payments (655) (232) (424) (676) (184) (492) (765) (158) (608) Settlement payments (76) (75) (1) (4) (4) — (1) (1) — Business combinations and disposals (1) — (1) — — — (2) 1 (3) Effect on changes in foreign exchange rates 124 153 (29) 161 180 (20) (24) 8 (32) Conversions to defined contributions — — — — — — — — — Other effects (15) (7) (8) 7 — 7 13 — 13 Balance at the end 5,989 3,419 2,571 5,715 3,084 2,631 6,547 2,988 3,560 Of which: Spain 2,310 129 2,181 2,546 147 2,399 3,670 206 3,464 Of which: Mexico 2,988 2,702 286 2,426 2,329 97 2,150 2,149 1 Of which: The United States — — — — — — — — — Of which: Turkey 435 363 72 418 315 103 272 209 63 (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". The balance under the heading “Provisions - Pensions and other post-employment defined benefit obligations” of the consolidated balance sheet as of December 31, 2023 includes €210 million relating to post-employment benefit commitments to former members of the Board of Directors and the Bank’s Management (see Note 54). The most significant commitments are those in Spain and Mexico and, to a lesser extent, in Turkey. The remaining commitments are located mostly in Portugal and South America. Unless otherwise required by local regulation, all defined benefit plans have been closed to new entrants, who instead are able to participate in the Group´s defined contribution plans. Both the costs and the present value of the commitments are determined by independent qualified actuaries using the “projected unit credit” method. In order to enable the good governance of these plans, the Group has established specific benefits committees. These benefit committees include members from the different areas of the business so that all decisions are made taking into consideration all of the associated impacts. The following table sets out the key actuarial assumptions used in the valuation of these commitments as of December 31, 2023, 2022 and 2021: Actuarial assumptions (%) 2023 2022 2021 Spain Mexico Turkey Spain Mexico Turkey Spain Mexico Turkey Discount rate 3.43 % 10.44 % 25.60 % 3.91 % 10.68 % 17.79 % 0.74 % 9.68 % 19.10 % Rate of salary increase — 4.50 % 23.44 % — 4.50 % 15.86 % — 4.00 % 16.60 % Rate of pension increase — 4.14 % 21.94 % — 4.41 % 14.36 % — 2.95 % 15.10 % Medical cost trend rate — 8.04 % 26.14 % — 8.04 % 18.56 % — 7.00 % 19.30 % Mortality tables PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 CSO2001 In Spain, the discount rate shown as of December 31, 2023, corresponds to the weighted average rate, the actual discount rates used are 3.25% and 3.5% depending on the type of commitment. Discount rates used to value future benefit cash flows have been determined by reference to high quality corporate bonds (Note 2.2.12) denominated in Euro in the case of Spain and Mexican peso for Mexico, and government bonds denominated in Turkish Lira for Turkey. The expected return on plan assets has been set in line with the adopted discount rate. Assumed retirement ages have been set by reference to the earliest age at which employees are entitled to retire, the contractually agreed age in the case of early retirements in Spain or by using retirement rates. Changes in the main actuarial assumptions may affect the valuation of the commitments. The table below shows the sensitivity of the benefit obligations to changes in the key assumptions: Sensitivity analysis (Millions of Euros) Basis points change 2023 2022 2021 Increase Decrease Increase Decrease Increase Decrease Discount rate 50 (265) 291 (321) 350 (282) 307 Rate of salary increase 50 4 (4) 1 (1) 2 (2) Rate of pension increase 50 34 (32) 32 (39) 28 (26) Medical cost trend rate 50 141 (126) 119 (106) 109 (98) Change in obligation from each additional year of longevity 134 — 113 — 170 — The sensitivities provided above have been determined at the date of these consolidated financial statements, and reflect solely the impact of changing one individual assumption at a time, keeping the rest of the assumptions unchanged, thereby excluding the effects which may result from combined assumption changes. In addition to the commitments to employees shown above, the Group has other less material long-term employee benefits. These include leaves and long-service awards, which consist of either an established monetary award or some vacation days granted to certain groups of employees when they complete a given number of years of service. Additionally, this heading included a fund related to the collective layoff procedure that was carried out in Banco Bilbao Vizcaya Argentaria, S.A. in 2021. As of December 31, 2023, 2022 and 2021, the actuarial liabilities for the outstanding awards amounted to € 435 million, €466 million and €632 million, respectively. These commitments are recorded under the heading "Provisions - Other long-term employee benefits" of the consolidated balance sheet (see Note 24). Post-employment commitments and similar obligations These commitments relate mostly to pension payments, and which have been determined based on salary and years of service. For most plans, pension payments are due on retirement, death and long term disability. Additionally, there are commitments with early retired personnel from Spanish companies of the Group. These commitments include the compensation and indemnities due as well as the contributions payable to external pension funds during the early retirement period. As of December 31, 2023, 2022 and 2021, the value of these commitments amounted to €412 million, €606 million and €952 million, respectively. The change in the benefit plan obligations and plan assets during the year ended December 31, 2023 was as follows: Post-employment commitments 2023 (Millions of Euros) Spain Mexico Turkey Rest of the world Defined benefit obligation Balance at the beginning 2,546 985 418 318 Current service cost 3 9 17 3 Interest income or expense 90 108 50 11 Contributions by plan participants — — 9 2 Employer contributions — — — — Past service costs (1) — — 33 3 Remeasurements: 67 156 161 (4) Return on plan assets (2) — — — — From changes in demographic assumptions — — (14) (2) From changes in financial assumptions 78 114 10 (10) Other actuarial gains and losses (11) 42 165 8 Benefit payments (402) (102) (68) (14) Settlement payments — (1) — (75) Business combinations and disposals — — — (1) Effect on changes in foreign exchange rates — 114 (162) 4 Conversions to defined contributions — — — — Other effects 6 — (21) — Balance at the end 2,310 1,269 435 247 Of which: Vested benefit obligation relating to current employees 64 Of which: Vested benefit obligation relating to retired employees 2,246 Plan Assets Balance at the beginning 147 853 315 293 Current service cost — — — — Interest income or expense 5 91 41 9 Contributions by plan participants — — 9 2 Employer contributions — 37 23 29 Past service costs (1) — — — — Remeasurements: — (19) 129 (25) Return on plan assets (2) — (19) 129 (25) From changes in demographic assumptions — — — — From changes in financial assumptions — — — — Other actuarial gains and losses — — — — Benefit payments (23) (102) (25) (12) Settlement payments — (1) — (74) Business combinations and disposals — — — — Effect on changes in foreign exchange rates — 99 (122) 3 Conversions to defined contributions — — — — Other effects — — (7) — Balance at the end 129 958 363 224 Net liability (asset) Balance at the beginning 2,399 132 103 25 Current service cost 3 9 17 3 Interest income or expense 85 17 8 2 Contributions by plan participants — — — — Employer contributions — (37) (23) (29) Past service costs (1) — — 33 3 Remeasurements: 67 175 32 21 Return on plan assets (2) — 19 (129) 25 From changes in demographic assumptions — — (14) (2) From changes in financial assumptions 78 114 10 (10) Other actuarial gains and losses (11) 42 165 8 Benefit payments (379) — (43) (1) Settlement payments — — — (1) Business combinations and disposals — — — (1) Effect on changes in foreign exchange rates — 15 (40) 1 Conversions to defined contributions — — — — Other effects 6 — (14) — Balance at the end 2,181 311 72 23 (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". The change in net liabilities (assets) during the years ended December 31, 2022 and 2021 was as follows: Post-employment commitments (Millions of Euros) 2022: Net liability (assets) 2021: Net liability (assets) Spain Mexico Turkey Rest of the world Spain Mexico Turkey Rest of the world Balance at the beginning 3,464 124 63 24 4,039 28 85 27 Current service cost 4 7 13 3 5 5 16 3 Interest income or expense 51 14 10 4 20 1 9 1 Contributions by plan participants — — — — — — — — Employer contributions — (41) (22) (3) 11 (2) (11) (1) Past service costs (1) — 1 2 3 75 — 2 2 Remeasurements: (643) 152 62 (1) (98) 128 10 (5) Return on plan assets (2) 34 45 (104) 121 8 49 (11) 19 From changes in demographic assumptions — — (37) 8 — (4) — (2) From changes in financial assumptions (643) 73 82 (132) (61) 84 (18) (7) Other actuarial gains and losses (34) 34 122 2 (45) (2) 39 (15) Benefit payments (484) — (6) (1) (599) (1) (6) (1) Settlement payments — — — — — — — — Business combinations and disposals — (139) — — — (40) — (2) Effect on changes in foreign exchange rates — 13 (18) (3) — 5 (43) 1 Conversions to defined contributions — — — — — — — — Other effects 7 — — — 12 — — — Balance at the end 2,399 132 103 25 3,464 124 63 24 (1) Includes gains and losses from settlements. (2) Excludes interest which is reflected in the line item “Interest income and expense”. In Spain, local regulation requires that pension and death benefit commitments must be funded, either through a qualified pension plan or an insurance contract. In the Spanish entities these commitments are covered by insurance contracts which meet the requirements of the accounting standard regarding the non-recoverability of contributions. However, a significant number of the insurance contracts are with BBVA Seguros, S.A. – a consolidated subsidiary and related party – and consequently these policies cannot be considered plan assets under IAS 19. For this reason, the liabilities insured under these policies are fully recognized under the heading "Provisions – Pensions and other post-employment defined benefit obligations" of the consolidated balance sheet (see Note 24), while the related assets held by the insurance company are included within the Group´s consolidated assets (recorded according to the classification of the corresponding financial instruments). As of December 31, 2023 the value of these separate assets was €1,631 million, (€1,656 and €2,326 million as of December 31, 2022 and 2021, respectively) representing direct rights of the insured employees held in the consolidated balance sheet, hence these benefits are effectively fully funded. On the other hand, some pension commitments have been funded through insurance contracts with insurance companies not related to the Group. In this case the consolidated balance sheet reflects the value of the obligations net of the fair value of the qualifying insurance policies. As of December 31, 2023, 2022 and 2021, the value of the aforementioned insurance policies (€ 130 , €147 and €206 million, respectively) exactly match the value of the corresponding obligations and therefore no amount for this item has been recorded in the consolidated balance sheet. Pension benefits are paid by the insurance companies with whom BBVA has insurance contracts and to whom all insurance premiums have been paid. The premiums are determined by the insurance companies using cash flow matching techniques to ensure that benefits can be met when due, guaranteeing both the actuarial and interest rate risk. In Mexico, there is a defined benefit plan for employees hired prior to 2001. Other employees participate in a defined contribution plan. External funds/trusts have been constituted locally to meet benefit payments as required by local regulation. In 2008, the Turkish government passed a law to unify the different existing pension systems under a single umbrella Social Security system. Such system provides for the transfer of the various previously established funds. The financial sector is in this stage at present, maintaining these pension commitments managed by external pension funds (foundations) established for that purpose. The foundation that maintains the assets and liabilities relating to employees of Garanti BBVA in Turkey, as per the local regulatory requirements, has registered an obligation amounting to €193 million as of December 31, 2023 pending future transfer to the Social Security system. Furthermore, Garanti BBVA has set up a defined benefit pension plan for employees, additional to the social security benefits, reflected in the consolidated balance sheet. Medical benefit commitments The change in defined benefit obligations and plan assets during the years 2023, 2022 and 2021 was as follows: Medical benefits commitments (Millions of Euros) 2023 2022 2021 Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Balance at the beginning 1,448 1,476 (28) 1,377 1,494 (116) 1,562 1,484 77 Current service cost 20 — 20 19 — 19 24 — 24 Interest income or expense 167 165 2 144 157 (14) 131 129 2 Contributions by plan participants — — — — — — — — — Employer contributions — 17 (17) — — — — 1 (1) Past service costs (1) — — — 28 — 28 (5) — (5) Remeasurements: (5) (17) 12 (215) (144) (71) (377) (119) (257) Return on plan assets (2) — (17) 17 — (144) 144 — (119) 119 From changes in demographic assumptions (70) — (70) — — — (115) — (115) From changes in financial assumptions 56 — 56 (191) — (191) (257) — (257) Other actuarial gain and losses 8 — 8 (23) — (23) (4) — (4) Benefit payments (70) (70) — (60) (60) — (49) (48) — Settlement payments — — — — — — — — — Business combinations and disposals — — — — (139) 139 — (39) 39 Effect on changes in foreign exchange rates 168 173 (5) 155 167 (11) 90 86 4 Other effects — — — — — — — — — Balance at the end 1,728 1,744 (16) 1,448 1,476 (28) 1,377 1,494 (116) (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". In Mexico, there is a medical benefit plan for employees hired prior to 2007. New employees from 2007 are covered by a medical insurance policy. An external trust has been constituted locally to fund the plan, in accordance with local legislation and Group policy. In Turkey, employees are currently provided with medical benefits through a foundation in collaboration with the Social Security system, although local legislation prescribes the future unification of this and similar systems into the general Social Security system itself. The valuation of these benefits and their accounting treatment follow the same methodology as that employed in the valuation of pension commitments. Estimated benefit payments As of December 31, 2023, the estimated benefit payments over the next ten years for all the entities in Spain, Mexico and Turkey are as follows: Estimated benefit payments (Millions of Euros) 2024 2025 2026 2027 2028 2029 - 2033 Commitments in Spain 477 325 279 242 210 697 Commitments in Mexico 206 216 226 236 246 1,409 Commitments in Turkey 17 16 19 22 27 272 Total 699 557 524 500 484 2,378 Plan assets The majority of the Group´s defined benefit plans are funded by plan assets held in external funds/trusts legally separate from the Group sponsoring entity. However, in accordance with local regulation, some commitments are not externally funded and covered through internally held provisions, principally those relating to early retirements. Plan assets are those assets which will be used to directly settle the assumed commitments and which meet the following conditions: they are not part of the Group sponsoring entities assets, they are available only to pay post-employment benefits and they cannot be returned to the Group sponsoring entity. To manage the assets associated with defined benefit plans, BBVA Group has established investment policies designed according to criteria of prudence and minimizing the financial risks associated with plan assets. The investment policy consists of investing in a low risk and diversified portfolio of assets with maturities consistent with the term of the benefit obligation and which, together with contributions made to the plan, will be sufficient to meet benefit payments when due, thus mitigating the plans‘ risks. In those countries where plan assets are held in pension funds or trusts, the investment policy is developed consistently with local regulation. When selecting specific assets, current market conditions, the risk profile of the assets and their future market outlook are all taken into consideration. In all the cases, the selection of assets takes into consideration the term of the benefit obligations as well as short-term liquidity requirements. The risks associated with these commitments are those which give rise to a deficit in the plan assets. A deficit could arise from factors such as a fall in the market value of plan assets, an increase in long-term interest rates leading to a decrease in the fair value of fixed income securities, or a deterioration of the economy resulting in more write-downs and credit rating downgrades. The table below shows the allocation of plan assets of the main companies of the BBVA Group as of December 31, 2023, 2022 and 2021: Plan assets breakdown (Millions of Euros) 2023 2022 2021 Cash and cash equivalents 86 169 24 Debt securities (government bonds) 2,818 2,270 2,394 Mutual funds — — 1 Asset-backed securities — — — Structured debt — — — Insurance contracts 21 183 148 Total 2,924 2,622 2,566 Of which: Bank account in BBVA 23 7 3 Of which: Debt securities issued by BBVA — — — Of which: Property occupied by BBVA — — — In addition to the above there are plan assets relating to the previously mentioned insurance contracts in Spain and the foundation in Turkey. The following table provides details of investments in listed securities (Level 1) as of December 31, 2023, 2022 and 2021: Investments in listed markets (Millions of Euros) 2023 2022 2021 Cash and cash equivalents 86 169 24 Debt securities (Government bonds) 2,818 2,270 2,394 Mutual funds — — 1 Total 2,904 2,439 2,418 Of which: Bank account in BBVA 23 7 3 Of which: Debt securities issued by BBVA — — — Of which: Property occupied by BBVA — — — The remainder of the assets are mainly invested in Level 2 assets in in accordance with the classification established under IFRS 13 (mainly insurance contracts). As of December 31, 2023, almost all of the assets related to employee commitments corresponded to fixed income securities. Defined contribution plans Certain Group entities sponsor defined contribution plans. Some of these plans allow employees to make contributions which are then matched by the employer. Contributions are recognized as and when they are accrued, with a charge to the consolidated income statement in the corresponding year. No liability is therefore recognized in the consolidated balance sheet (see Note 44.1).

Note 26

Note 26	12 Months Ended
	Dec. 31, 2023
Issued capital [abstract]
Disclosure of Common Stock [Text Block]	Capital As of December 31, 2023 and 2022 BBVA’s share capital amounted to €2,860,590,786.20 and €2,954,757,116.36 divided into 5,837,940,380 and 6,030,116,564 shares, respectively; while as of December 31, 2021 BBVA’s share capital amounted to €3,267,264,424.20 divided into 6,667,886,580 shares. These decreases have been the result of the partial executions of the share capital reduction resolution adopted by the Ordinary Annual General Shareholders' Meeting of BBVA held on March 17, 2023, under item 3 of the agenda notified on June 2, 2023 and on December 19, 2023; and by the Annual General Shareholders' Meeting of BBVA held on March 18, 2022, under item seven of its agenda, which were notified by means of Other Relevant Information on June 15, 2022 and on September 30, 2022 (see Note 4). As of December 31, 2023, 2022 and 2021, the shares were fully subscribed and paid-up, of the same class and series, of €0.49 par value each, and represented through book-entry accounts. All of the Bank´s shares carry the same voting and dividend rights, and no single stockholder enjoys special voting rights. Each and every share is part of the Bank’s capital. The Bank’s shares are traded on the stock markets of Madrid, Barcelona, Bilbao and Valencia through the S istema de Interconexión Bursátil Español ( Mercado Continuo ), as well as on the London and Mexico stock markets. BBVA American Depositary Shares (ADSs) traded on the New York Stock Exchange under the ticker “BBVA”. Additionally, as of December 31, 2023, the shares of Banco BBVA Peru, S.A., BBVA Banco Provincial, S.A., Banco BBVA Colombia, S.A., Banco BBVA Argentina, S.A., and Garanti BBVA A.S., were listed on their respective local stock markets. Banco BBVA Argentina, S.A. was also quoted in the Latin American market (Latibex) of the Madrid Stock Exchange and the New York Stock Exchange. Also, the Depositary Receipts (“DR”) of Garanti BBVA, A.S. are listed in the London Stock Exchange. BBVA is also currently included, amongst other indexes, in the IBEX 35® Index, which is made up by the 35 most liquid securities traded on the Spanish Market and, technically, it is a price index that is weighted by capitalization and adjusted according to the free float of each company comprised in the index. As of December 31, 2023, State Street Bank and Trust Co., The Bank of New York Mellon SA NV and Chase Nominees Ltd in their capacity as international custodian/depositary banks, held 15.73%, 1.81%, and 9.20% of BBVA common stock, respectively. Of said positions held by the custodian banks, BBVA is not aware of any individual shareholders with direct or indirect holdings greater than or equal to 3% of BBVA common stock outstanding. On February 5, 2024, BlackRock, Inc. reported to the SEC that it beneficially owned 7.2% of BBVA’s common stock. On November 8, 2023, Capital Research and Management Company reported to the Spanish Securities and Exchange Commission (CNMV) that, it had an indirect holding of BBVA common stock totaling 3.010 %, of which 3.007% correspond to voting rights attributed to shares and 0.003% correspond to voting rights held through financial instruments. BBVA is not aware of any direct or indirect interests through which control of the Bank may be exercised. Furthermore, BBVA has not received any information on stockholder agreements including the regulation of the exercise of voting rights at its Annual General Shareholders' Meetings or restricting or placing conditions on the free transferability of BBVA shares. No agreement is known to BBVA that could give rise to changes in the control of the Bank. BBVA banking subsidiaries, associates and joint ventures worldwide, are subject to supervision and regulation from a variety of regulatory bodies in relation to, among other aspects, the satisfaction of minimum capital requirements. The obligation to satisfy such capital requirements may affect the ability of such entities to transfer funds in the form of cash dividends, loans or advances. In addition, under the laws of the various jurisdictions where such entities are incorporated, dividends may only be paid out through funds legally available for such purpose. Even when the minimum capital requirements are met and funds are legally available, the relevant regulators or other public administrations could discourage or delay the transfer of funds to the Group in the form of cash, dividends, loans or advances for prudential reasons. Resolutions adopted by the Annual General Shareholders' Meeting Capital increase BBVA's Annual General Shareholders' Meeting held on March 18, 2022 resolved, under agenda item four, to confer authority on the Board of Directors of BBVA to increase BBVA's share capital, on one or several occasions, within the legal term of five years to be counted as from the date on which this resolution was adopted, up to the maximum amount corresponding to 50% of BBVA's share capital at the time of this authorization. Likewise, the Annual General Shareholders' Meeting resolved to confer on the Board of Directors authority to totally or partially exclude shareholders' pre-emptive subscription rights within the framework of a specific issue of shares that may be made thereunder. However, the power to exclude pre-emptive subscription rights was limited, such that the nominal amount of any share capital increases resolved or effectively carried out with the exclusion of pre-emptive subscription rights and those that may be resolved or carried out to cover the conversion of convertible issuances that may equally be made with the exclusion of pre-emptive subscription rights in use of the authority delegated to issue convertible securities (other than contingently convertible securities, envisaged to meet regulatory requirements for their eligibility as capital instruments (CoCos)) as resolved by BBVA's Annual General Shareholders' Meeting held on March 18, 2022 under agenda item five and which is described in Note 22.4.1 (without prejudice to anti-dilution adjustments), may not exceed the nominal maximum overall amount of 10% of BBVA's share capital at the time of this authorization. This authority repealed the authority conferred by the Annual General Shareholders' Meeting held on March 17, 2017 under its agenda item four, which BBVA did not use. As of the date of this document, the Bank has not exercised the authority conferred by the General Shareholders' Meeting. Capital Decrease BBVA's Annual General Shareholders' Meeting held on March 18, 2022 resolved, under agenda item seven, to approve the share capital reduction of BBVA by up to a maximum amount of 10% of the share capital on the date of this resolution, through the redemption of own shares acquired derivatively by BBVA, both those acquired by virtue of the authorization granted by the BBVA Annual General Shareholders' Meeting held on March 16, 2018 under item three of the agenda, and those that were acquired by virtue of the authorization granted by the General Shareholders' Meeting held on March 18, 2022 under item six of the agenda, from that date, through any mechanism whose objective or purpose is redemption. The implementation period of this resolution was until the date of the following Annual General Shareholders' Meeting, being rendered null and void from that date in respect of the amount not executed. The Annual General Shareholders' Meeting conferred authority on the Board of Directors of BBVA, with sub-delegation powers, to totally or partially execute the aforementioned share capital reduction, on one or more occasions, repealing the resolution adopted by the Annual General Shareholders' Meeting held on April 20, 2021 under agenda item six, which BBVA did not use. In the execution of said resolution, (see Note 4), BBVA has executed the following share capital reductions: – On June 15, 2022, BBVA notified the partial execution of the resolution through the reduction of BBVA’s share capital in a nominal amount of €137,797,167.90 and the consequent redemption, charged to unrestricted reserves, of 281,218,710 own shares of €0.49 par value each acquired derivatively by the Bank in execution of the First Tranche of the Program Scheme and which were held as treasury shares. – On September 30, 2022, BBVA notified the second partial execution of the resolution through the reduction of BBVA’s share capital in a nominal amount of €174,710,139.94 and the consequent redemption, charged to unrestricted reserves, of 356,551,306 own shares of €0.49 par value each acquired derivatively by the Bank in execution of the Second Tranche of the Program Scheme and which were held as treasury shares. BBVA's Annual General Shareholders' Meeting held on March 17, 2023 resolved, under agenda item three, to approve the share capital reduction of BBVA by up to a maximum amount of 10% of the share capital on the date of this resolution, through the redemption of own shares acquired derivatively by BBVA by virtue of the authorization granted by the General Shareholders' Meeting held on March 18, 2022 under item six of the agenda, through any mechanism whose objective or purpose is redemption, The implementation period of this resolution was until the date of the following Annual General Shareholders' Meeting, being rendered null and void from that date in respect of the amount not executed. The Annual General Shareholders' Meeting conferred authority on the Board of Directors of BBVA, with sub-delegation powers, to totally or partially execute the aforementioned share capital reduction, on one or more occasions, repealing the resolution adopted by the Annual General Shareholders' Meeting held on March 18, 2022, under agenda item seven, whose executions are described above. In the execution of said resolution, (see Note 4), BBVA has executed the following share capital reductions: – On June 2, 2023, BBVA notified the partial execution of the resolution through the reduction of BBVA’s share capital in a nominal amount of €31,675,343.91 and the consequent redemption, charged to unrestricted reserves, of 64,643,559 own shares of €0.49 par value each acquired derivatively by the Bank in execution of a share buyback program and which were held as treasury shares. – On December 19, 2023, BBVA notified the second partial execution of the resolution through the reduction of BBVA’s share capital in a nominal amount of €62,490,986.25 and the consequent redemption, charged to unrestricted reserves, of 127,532,625 own shares of €0.49 par value each acquired derivatively by the Bank in execution of a share buyback program and which were held as treasury shares. Convertible and/or exchangeable securities: Note 22.4 introduces the details of the convertible and/or exchangeable securities.

Note 27

Note 27	12 Months Ended
	Dec. 31, 2023
Share premium [Abstract]
Disclosure of Share Premium [Text Block]	Share premium As of December 31, 2023, the balance under this heading in the consolidated balance sheets was €19,769 million. As of December 31, 2022 and 2021, the balance under this heading was €20,856 and €23,599 million, respectively (see Note 4). The amended Spanish Corporation Act expressly permits the use of the share premium balance to increase capital and establishes no specific restrictions as to its use (see Note 26).

Note 28

Note 28	12 Months Ended
	Dec. 31, 2023
Disclosure of reserves within equity [abstract]
Disclosure of Retained Earnings And Other Reserves [Text Block]	Retained earnings and other reserves Breakdown of the balance The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Retained earnings and other reserves. Breakdown by concepts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Legal reserve 572 591 653 Restricted reserve 561 482 761 Voluntary reserves 5,478 3,906 3,994 Total reserves holding company 6,612 4,979 5,409 Consolidation reserves attributed to the Bank and subsidiary consolidated companies 31,639 30,077 24,575 Total 38,251 35,056 29,984 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Legal reserve Under the amended Spanish Corporations Act, 10% of any profit made each year must be transferred to the legal reserve. The transfer must be made until the legal reserve reaches 20% of the common stock. The legal reserve can be used to increase the common stock provided that the remaining reserve balance does not fall below 10% of the increased capital. While it does not exceed 20% of the common stock, it can only be allocated to offset losses exclusively in the case that there are not sufficient reserves available. Restricted reserves As of December 31, 2023, 2022 and 2021, the Bank’s restricted reserves are as follows: Restricted reserves. Breakdown by concepts (Millions of Euros) 2023 2022 2021 Restricted reserve for retired capital 495 400 88 Restricted reserve for Parent Company shares and loans for those shares 65 80 672 Restricted reserve for redenomination of capital in euros 2 2 2 Total 561 482 761 Until 2021, the restricted reserve for retired capital resulted from the reduction of the nominal par value of the BBVA shares made in April 2000. In 2023 and 2022 the amount includes the partial executions of the capital reduction resolution adopted by BBVA's General Shareholders' Meeting held on March 17, 2023 and March 18, 2022, respectively (see Note 26). The second heading corresponds to restricted reserves related to the amount of shares issued by the Bank in its possession at each date, as well as the amount of customer loans outstanding at those dates that were granted for the purchase of, or are secured by, the parent company shares. The balance of 2021 is mainly due to the share buyback program (see Note 4). Finally, pursuant to Law 46/1998 on the Introduction of the Euro, a restricted reserve is recognized as a result of the rounding effect of the redenomination of the parent company common stock in euros. Retained earnings and other reserves by entity The breakdown, by company or corporate group, under the headings “Retained earnings” and “other reserves” in the consolidated balance sheets is as follows: Retained earnings and other reserves. Breakdown by company or corporate group (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Retained earnings (losses), revaluation reserves and other reserves Holding Company 15,672 14,003 12,467 BBVA Mexico Group 15,705 14,042 13,894 Garanti BBVA Group 5,857 5,703 3,043 BBVA Provincial Group 1,758 1,720 1,721 BBVA Argentina Group 1,474 1,456 1,423 BBVA Colombia Group 1,573 1,489 1,393 BBVA Perú Group 1,158 1,065 1,031 Forum Chile Group 652 632 604 BBVA Uruguay Group 139 118 106 BV America, S.L. 374 299 270 Corporación General Financiera, S.A. 368 338 322 BBVA Seguros, S.A. 306 284 239 Bilbao Vizcaya Holding, S.A. 198 144 68 BBVA Axial Tech S.A. de C.V. 87 85 78 Pecri Inversión, S.L. (17) 119 118 Anida Operaciones Singulares, S.A. (5,497) (5,529) (5,512) Other Real State Spanish Companies (2) (1,164) (909) (934) Other (155) 217 (101) Subtotal (3) 38,488 35,277 30,231 Other reserves or accumulated losses of investments in joint ventures and associates ATOM Bank PLC (181) (169) (158) Metrovacesa, S.A. (84) (84) (84) Other 28 32 (5) Subtotal (237) (221) (247) Total 38,251 35,057 29,984 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Includes balances corresponding to Sociedades inmobiliarias CX, Anida Grupo Inmobiliario and Sociedades inmobiliarias Unnim. (3) In 2021 includes the accounting for shares pending from buyback program (see Note 4) and the reclassification of items not subject to reclassification to income statement to by results for "Actuarial gains (losses) in defined benefit pension plans".

Note 29

Note 29	12 Months Ended
	Dec. 31, 2023
Treasury shares [Abstract]
Disclosure of Treasury shares [Text Block]	Treasury shares In the years ended December 31, 2023, 2022 and 2021 the Group entities performed the following transactions with shares issued by the Bank: Treasury shares (Millions of Euros) 2023 2022 2021 Number of Shares Millions of Euros Number of Shares Millions of Euros Number of Shares Millions of Euros Balance at beginning 5,485,414 29 127,633,399 647 14,352,832 46 + Purchases 301,882,728 2,166 598,457,024 2,966 203,530,570 1,022 - Sales and other changes (302,981,517) (2,161) (720,605,009) (3,583) (90,250,003) (417) +/- Derivatives on BBVA shares — — — — — (4) +/- Other changes — — — — — — Balance at the end 4,386,625 34 5,485,414 29 127,633,399 647 Of which: Held by BBVA, S.A. — 3 — 3 112,733,730 574 Held by Corporación General Financiera, S.A. 4,354,004 31 5,454,516 26 14,899,669 72 Held by other subsidiaries 32,621 — 30,898 — — — Average purchase price in Euros 7.18 — 4.96 — 5.02 — Average selling price in Euros (including other changes) 7.14 — 4.99 — 4.89 — Net gains or losses on transactions 1 9 17 In 2023, 2022 and 2021 there were transactions included in the share buyback program (see Note 4). The percentages of treasury shares held by the Group in the years ended December 31, 2023, 2022 and 2021 are as follows: Treasury Share 2023 2022 2021 Min Max Closing Min Max Closing Min Max Closing % treasury share 0.038 % 2.214 % 0.075 % 0.078 % 7.492 % 0.094 % 0.108 % 1.922 % 1.914 % The number of BBVA shares accepted by the Group in pledge of loans as of December 31, 2023, 2022 and 2021 is as follows: Shares of BBVA accepted in pledge 2023 2022 2021 Number of shares in pledge 17,492,194 23,437,363 29,372,853 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.29 % 0.39 % 0.44 % The number of BBVA shares owned by third parties but under management of a company within the Group as of December 31, 2023, 2022 and 2021 is as follows: Shares of BBVA owned by third parties but managed by the Group 2023 2022 2021 Number of shares owned by third parties 13,258,994 18,686,027 17,645,506 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.23 % 0.31 % 0.26 %

Note 30

Note 30	12 Months Ended
	Dec. 31, 2023
Accumulated other comprehensive income [abstract]
Disclosure of Accumulated Other Comprehensive Income [Text Block]	Accumulated other comprehensive income (loss) The breakdown of the balance under this heading in the consolidated balance sheets is as follows Accumulated other comprehensive income (loss). Breakdown by concepts (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Items that will not be reclassified to profit or loss (2,105) (1,881) (2,075) Actuarial gains (losses) on defined benefit pension plans (1,049) (760) (998) Fair value changes of equity instruments measured at fair value through other comprehensive income 13.4 (1,112) (1,194) (1,079) Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 55 72 2 Items that may be reclassified to profit or loss (14,148) (15,760) (14,401) Hedge of net investments in foreign operations (effective portion) (2,498) (1,408) (146) Mexican peso (3,147) (1,751) (681) Turkish lira 670 358 555 Other exchanges (21) (15) (19) Foreign currency translation (11,419) (13,078) (14,988) Mexican peso (640) (2,791) (4,503) Turkish lira (6,908) (6,599) (6,607) Argentine peso (1,296) (868) (1,024) Venezuela Bolívar (1,865) (1,850) (1,858) Other exchanges (711) (969) (995) Hedging derivatives. Cash flow hedges (effective portion) 133 (447) (533) Fair value changes of debt instruments measured at fair value through other comprehensive income 13.4 (357) (809) 1,274 Share of other recognized income and expense of investments in joint ventures and associates (8) (18) (9) Total (16,254) (17,642) (16,476) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The balances recognized under these headings are presented net of tax. The main changes in 2023 are explained by the appreciation against the euro of some of the currencies of the main geographies where the Group operates against the euro such as the Mexican peso (11.4%) and Colombian peso (21.4%), the depreciation of the Argentine peso (78.9%), the Turkish lira (38.9%) and the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" in Turkey and Argentina (see Note 2.2.18).

Note 31

Note 31	12 Months Ended
	Dec. 31, 2023
Minority interests (non-controlling interests) [Abstract]
Disclosure of non-controlling interests [text block]	Minority interests (non-controlling interests) The breakdown by groups of consolidated entities under the heading “Minority interests (non-controlling interests)” of total equity in the consolidated balance sheets is as follows: Minority interests (non-controlling interests). Breakdown by subgroups (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Garanti BBVA (2) 1,129 1,179 2,851 BBVA Peru 1,586 1,469 1,212 BBVA Argentina 544 687 557 BBVA Colombia 82 73 76 BBVA Venezuela 108 95 70 Other entities 115 119 87 Total 3,564 3,623 4,853 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Note 3). These amounts are broken down by groups of consolidated entities under the heading “Attributable to minority interests (non-controlling interests)” in the consolidated income statements: Profit attributable to minority interests (non-controlling interests). Breakdown by subgroups (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Garanti BBVA ⁽²⁾ 95 28 758 BBVA Peru 236 236 143 BBVA Argentina 59 83 26 BBVA Colombia (16) 5 9 BBVA Venezuela 24 22 3 Other entities (1) 32 25 Total 397 405 965 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation and the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Notes 2.2.18 and 3). Dividends distributed to minority interests of the Group during the year 2023 related to: BBVA Banco Continental Group €126 million, BBVA Argentina Group €67 million, BBVA Garanti Group €62 million and other Group entities €78 million.

Note 32

Note 32	12 Months Ended
	Dec. 31, 2023
Capital Base And Capital Management [Abstract]
Disclosure of Capital Base And Capital Management [Text Block]	Capital base and capital management Capital base As of December 31, 2023, 2022 and 2021, own funds are calculated in accordance to the applicable regulation of each year on minimum capital requirements for Spanish credit institutions –both as individual entities and as consolidated group– that establish how to calculate them, as well as the various internal capital adequacy assessment processes they should have in place and the information they should disclose to the market. After the latest SREP (Supervisory Review and Evaluation Process) decision, applicable as from January 1, 2024, the ECB has informed the Group that it must maintain a total capital ratio of 13.26% and a CET1 capital ratio of 9.10% at a consolidated level 5 , which include the consolidated Pillar 2 requirement of 1.68% (at least 1.02% must be CET1), of which 0.18% is determined on the basis of the ECB's prudential provisioning expectation which, shall be satisfied with CET1. The prior Pillar 2 requirement (applicable since January 1, 2023) was 1.71% (of which at least 0.96% had to be CET1). BBVA had to maintain a CET1 capital ratio of 8.75% and a total capital ratio of 13.00% at a consolidated level 6 , which once updated taking into account the countercyclical buffer as of December 31, 2023, were 8.79% and 13.04%, respectively. The BBVA Group has set the objective of maintaining a CET1 ratio at a consolidated level between 11.5% and 12.0%. At closing of the financial year 2023, CET1 ratio was above this target range. A reconciliation of the main figures between the accounting and regulatory own funds as of December 31, 2023, 2022 and 2021 is shown below: Eligible capital resources (Millions of Euros) Notes 2023 2022 ⁽ 1 ⁾ 2021 Capital 26 2,861 2,955 3,267 Share premium 27 19,769 20,856 23,599 Retained earnings, revaluation reserves and other reserves 28 38,251 35,056 29,984 Other equity instruments, net 40 63 60 Treasury shares 29 (34) (29) (647) Profit (loss) attributable to the parent company 5 8,019 6,358 4,653 Interim dividend (951) (722) (532) Total equity 67,955 64,535 60,384 Accumulated other comprehensive income (loss) 30 (16,254) (17,642) (16,476) Minority interests 31 3,564 3,623 4,853 Shareholders' equity 55,265 50,517 48,760 Goodwill and other intangible assets (1,421) (1,395) (1,484) Differences from solvency and accounting perimeter (137) (123) (130) Equity not eligible at solvency level (137) (123) (130) Other adjustments and deductions (2) (7,591) (6,262) (7,197) Common Equity Tier 1 (CET 1) 46,116 42,738 39,949 Additional Tier 1 before Regulatory Adjustments 6,033 5,193 5,737 Total Regulatory Adjustments to Additional Tier 1 — — — Tier 1 52,150 47,931 45,686 Tier 2 8,182 5,930 7,383 Total Capital (Total Capital=Tier 1 + Tier 2) 60,332 53,861 53,069 Total Minimum capital required 47,455 43,111 39,275 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Other adjustments and deductions includes, among others, the adjustment of non-eligible minority interests, the amount of repurchase of own shares up to the maximum limit authorized by the ECB for the BBVA Group in 2021 (see Note 4) and the amount of shareholders remuneration pending to be distributed. The Group’s eligible own funds and risk-weighted assets (RWAs) in accordance with the aforementioned applicable regulation as of December 31, 2023, 2022 and 2021 are shown below: Amount of capital CC1 (Millions of Euros) 2023 2022 ⁽ 1 ⁾ 2021 ⁽ 1 ⁾ Capital and share premium 22,629 23,810 26,866 Retained earnings and equity instruments 34,889 31,436 30,745 Other accumulated income and other reserves (12,872) (13,952) (17,200) Minority interests 1,864 1,853 2,800 Net attributable profit (2) 4,759 3,814 2,573 Common Equity Tier I (CET1) before other regulatory adjustments 51,269 46,962 45,784 Goodwill and intangible assets (1,421) (1,395) (1,484) Direct, indirect and synthetic holdings in own Common Equity Tier I instruments (3) (331) (356) (2,800) Deferred tax assets (988) (1,057) (1,009) Other deductions and filters (4) (2,412) (1,416) (542) Total common equity Tier 1 regulatory adjustments (5,153) (4,223) (5,835) Common equity TIER 1 (CET1) 46,116 42,738 39,949 Capital instruments and share premium accounts classified as liabilities and qualifying as Additional Tier I 5,715 4,875 5,265 Qualifying Tier 1 capital included in consolidated AT1 capital issued by subsidiaries and held by third parties 319 318 472 Additional Tier 1 (CET 1) before regulatory adjustments 6,033 5,193 5,737 Transitional CET 1 adjustments — — — Total regulatory adjustments to additional Tier 1 — — — Additional Tier 1 (AT1) 6,033 5,193 5,737 Tier 1 (Common equity TIER 1+ additional TIER 1) 52,150 47,931 45,686 Capital instruments and share premium accounted as Tier 2 5,214 3,510 4,324 Qualifying Tier 2 capital included in consolidated T2 capital issued by subsidiaries and held by third parties 2,890 2,310 2,516 Credit risk adjustments 88 213 722 Tier 2 before regulatory adjustments 8,192 6,033 7,562 Tier 2 regulatory adjustments (10) (103) (179) Tier 2 8,182 5,930 7,383 Total capital (Total capital=Tier 1 + Tier 2) 60,332 53,861 53,069 Total RWA 363,915 337,066 307,795 CET 1 (phased-in) 12.67 % 12.68 % 12.98 % Tier 1 (phased-in) 14.33 % 14.22 % 14.84 % Total capital (phased-in) 16.58 % 15.98 % 17.24 % (1) In 2022 and 2021, the difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (2) The shareholder remuneration for each year corresponding to the cash dividend already paid is deducted. Likewise, for fiscal year 2023, the cash dividend pending distribution in accordance with the entity's dividend policy is deducted. Such dividend is subject to its approval at the 2024 General Shareholders' Meeting. (3) With respect to 2021, it includes mainly the amount of shares pending to be acquired under the share buyback program based on the maximum limit authorized by the ECB for the BBVA Group as of December 31, 2021 (see Note 4). (4) Includes the value amounts in euros of the share repurchase programs carried out. Likewise, for the 2023 financial year, the maximum amount foreseen corresponding to the share buyback program announced in 2024 is included subject to its approval at the General Shareholders' Meeting. BBVA Group's earnings have contributed to achieving a consolidated CET1 ratio of 12.67% as of December 31, 2023, which allowed it to maintain a management buffer over the Group's CET1 requirement as of that date (8.79%), which is also above the Group's target management range of 11.5-12.0% CET1. The CET1 ratio increased by 6 basis points, mainly explained by the generation of earnings in the year (+233 basis points) which, net of shareholder remuneration and payment of convertible contingent instrument coupons (CoCos), generated a positive contribution of +106 basis points. The growth of risk-weighted assets (RWAs), derived from the organic growth of activity (mainly as a result of the increase in the loan portfolio), at constant exchange rates, resulted in a -132 basis points decrease in the CET1 ratio. Further, share buyback programs implemented in 2023 led to a -32 basis points decrease in the CET1 ratio. Other elements that affected the CET1 ratio (mainly, the positive reversal of the ECB’s prudential provisioning expectations, changes in exchange rates, market volatility, minority interests, regulatory impacts and the positive impact in "Other Comprehensive Income" equivalent to the net monetary position value loss in hyperinflationary economies recognized in results) led to a +64 basis points increase in the CET1 ratio. Consolidated Additional Tier 1 (AT1) capital stood at 1.66% as of December 31, 2023, 12 basis points higher than in 2022, mainly due to the issuance in June 2023 of €1.0 billion Contingent Convertible instruments by BBVA S.A. In addition, BBVA S.A. issued in September 2023 an AT1 instrument of $1.0 billion. Also in September 2023, a contingent convertible issuance of €1.0 billion in nominal value was redeemed and cancelled. The Tier 2 ratio stood at 2.25% which represents an increase of 46 basis points compared to December 31, 2022, mainly explained by the Tier 2 issuances by BBVA S.A, of €750 million in June 2023, GBP 300 million in August 2023 and $750 million in November 2023. In addition, BBVA Mexico issued $ 1.0 billion in June 2023. As a result of the above, the total capital ratio stood at 16.58% as of December 31, 2023. With regard to MREL (Minimum Requirement for own funds and Eligible Liabilities) requirements, on March, 8, 2022 BBVA disclosed the reception of a communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities, established by the Single Resolution Board (hereinafter "SRB"), which was calculated taking into account the financial and supervisory information as of June 30, 2021. In accordance with this communication, BBVA had to maintain, as from January 1, 2022, an amount of own funds and eligible liabilities equal to 21.46% of the total RWA of its resolution group, on a sub-consolidated level (hereinafter, the "MREL in RWA"), within this MREL in RWA, an amount equal to 13.50% of the RWA had to be met with subordinated instruments (the "subordination requirement in RWA").The MREL in RWA and the subordination requirement in RWA did not include the combined capital buffer requirement which, according to applicable regulations and supervisory criteria, was 3.36% as of December 31, 2023, considering the exposures subject to the calculation of the countercyclical buffer as of December 31, 2023. In addition, BBVA had to reach, since January 1, 2022, an amount of own funds and eligible liabilities in terms of the total exposure considered for calculating the leverage ratio equal to 7.27% (the “MREL in LR”) of which 5.61% in terms of the total exposure considered for calculating the leverage ratio had to be satisfied with subordinated instruments (the "subordination requirement in LR"). Given the own funds and eligible liabilities structure of the resolution group, as of December 31, 2023, the MREL in RWA ratio stood at 26.36%, complying with the aforementioned requirement. The MREL in LR was 10.94% and the subordination ratios in terms of RWA and in terms of LR were 21.84% and 9.06%, respectively. Leverage ratio The leverage ratio (LR) is a regulatory measure complementing capital designed to promote the financial strength of institutions in terms of indebtedness. This measurement can be used to estimate the percentage of the assets and off-balance sheet arrangements financed with Tier 1 capital, being the carrying amount of the assets used in this ratio adjusted to reflect the Group’s current or potential leverage of a given balance-sheet position (Leverage ratio exposure). Breakdown of leverage ratio as of December 31, 2023, 2022 and 2021, calculated according to CCR, is as follows: Leverage ratio 2023 2022 2021 Tier 1 (millions of Euros) (a) 52,150 47,931 45,686 Exposure to leverage ratio (millions of Euros) (b) 797,888 737,990 671,789 Leverage ratio (a)/(b) (percentage) 6.54 % 6.49 % 6.80 % Finally, as of December 31, 2023, the leverage ratio stood at 6.54%. Since March 2022, certain exposures to central banks are no longer excluded from the leverage ratio exposure in accordance with Regulation (EU) 2019/876 ("CRR-Quick fix"). Capital management The aim of capital management within BBVA and the Group is for both BBVA and the Group to have the necessary capital at any given time to develop the corporate strategy reflected in the Strategic Plan, in line with the risk profile set out in the Group Risk Appetite Framework. In this regard, BBVA's capital management is also part of the most relevant forward-looking strategic decisions in the Group's management and monitoring, which include the Annual Budget and the Liquidity and Funding Plan, with which it is coordinated — all with the aim of achieving the Group's overall strategy. Capital must be allocated optimally in order to meet the need to preserve the solvency of BBVA and the Group at all times. Together with the Group's solvency risk profile included in the Risk Appetite Framework (RAF), this optimal allocation serves as a guide for the Group's capital management and seeks a capital position that makes it possible to: – Anticipate ordinary and extraordinary consumption that may occur, even under stress; – Promote the development of the Group's business and align it with capital and profitability objectives by allocating resources appropriately and efficiently; – Cover all risks—including potential risks—to which it is exposed; – Comply with regulatory and internal management requirements at all times; and – Remunerate BBVA shareholders in accordance with the Shareholder Remuneration Policy in force at any given time. The areas involved in capital management in the Group shall follow and respect the following principles in their respective areas of responsibility: – Ensuring that capital management is integrated and consistent with the Group's Strategic Plan, RAF, Annual Budget and other strategic-prospective processes, to help achieve the Group's long-term sustainability. – Taking into account both the applicable regulatory and supervisory requirements and the risks to which the Group is—or may be—exposed when conducting its business (economic vision), when establishing a target capital level, all while adopting a forward-looking vision that takes adverse scenarios into consideration. – Carrying out efficient capital allocation that promotes good business development, ensuring that expectations for the evolution of activity meet the strategic objectives of the Group and anticipating the ordinary and extraordinary consumption that may occur. – Ensuring compliance with the solvency levels, including the minimum requirement for own funds and eligible liabilities (MREL), required at any given time. – Compensating BBVA shareholders in an adequate and sustainable manner. – Optimizing the cost of all instruments used for the purpose of meeting the target capital level at any given time To achieve the aforementioned principles, capital management will be based on the following essential elements: – An adequate governance and management scheme, both at the corporate body level and at the executive level. – Planning, managing and monitoring capital properly, using the measurement systems, tools, structures, resources and quality data necessary to do so. – A set of metrics, which is duly updated, to facilitate the tracking of the capital situation and to identify any relevant deviations from the target capital level. – A transparent, correct, consistent and timely communication and dissemination of capital information outside the Group. – An internal regulatory body, which is duly updated, including with respect to the regulations and procedures that support adequate capital management.

Note 33

Note 33	12 Months Ended
	Dec. 31, 2023
Commitments and guarantees given [Abstract]
Disclosure of Commitments and guarantees given [Text Block]	Commitments and guarantees given The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Commitments and guarantees given (Millions of Euros) Notes 2023 2022 2021 Loan commitments given 7.2.2 152,868 136,920 119,618 Of which: impaired 165 177 171 Central banks — — — General governments 3,115 3,031 3,483 Credit institutions 15,595 15,407 16,085 Other financial corporations 7,063 5,895 4,583 Non-financial corporations 71,303 68,120 59,475 Households 55,791 44,467 35,991 Financial guarantees given 7.2.2 18,839 16,511 11,720 Of which: impaired (1) 229 281 245 Central banks — — — General governments 74 96 162 Credit institutions 978 475 312 Other financial corporations 2,177 1,263 1,026 Non-financial corporations 15,460 14,541 10,039 Households 150 135 181 Other commitments given 7.2.2 42,577 39,137 34,604 Of which: impaired (1) 636 689 541 Central banks — — 2 General governments 327 215 212 Credit institutions 3,607 4,134 4,266 Other financial corporations 1,837 1,758 1,753 Non-financial corporations 36,681 32,858 28,224 Households 125 171 147 Total 7.2.2 214,283 192,568 165,941 (1) Non-performing financial guarantees given amounted to €865, €970, and €786 million, respectively, as of December 31, 2023, 2022 and 2021. As of December 31, 2023 and 2022, the provisions for loan commitments, financial guarantees and other commitments given, recorded in the consolidated balance sheet amounted to €277, €190 and €303; and €243 million, €175 million and €353 million, respectively (see Note 24). Since a significant portion of the amounts above will expire without any payment being made by the consolidated entities, the aggregate balance of these commitments cannot be considered to be the actual future requirement for financing or liquidity to be provided by the BBVA Group to third parties.

Note 34

Note 34	12 Months Ended
	Dec. 31, 2023
Other Contingent Assets And Liabilities [Abstract]
Disclosure of Other Contingent Assets And Liabilities [Text Block]	Other contingent assets and liabilities As of December 31, 2023, 2022 and 2021 there were no material contingent assets or liabilities other than those disclosed in the Notes to the consolidated financial statements.

Note 35

Note 35	12 Months Ended
	Dec. 31, 2023
Purchase and sale commitments and future payment obligations [Abstract]
Disclosure of Purchase and sale commitments and future payment obligations [Text Block]	Purchase and sale commitments and future payment obligations The purchase and sale commitments of the BBVA Group are disclosed in Notes 10, 14 and 22. Future payment obligations mainly correspond to leases payable derived from operating lease contracts, as detailed in Note 22.5, and estimated employee benefit payments, as detailed in Note 25.1.3.

Note 36

Note 36	12 Months Ended
	Dec. 31, 2023
Transactions on behalf of third parties [Abstract]
Transactions on behalf of third parties [Text Block]	Transactions on behalf of third parties The details of the relevant transactions on behalf of third parties are as follows: Transactions on behalf of third parties. Breakdown by concepts (Millions of Euros) 2023 2022 2021 Financial instruments entrusted to BBVA by third parties 430,377 352,139 356,985 Conditional bills and other securities received for collection 12,125 11,738 10,795 Securities lending 6,397 3,223 2,605 Total 448,899 367,100 370,385

Note 37

Note 37	12 Months Ended
	Dec. 31, 2023
Net Interest Income [Abstract]
Disclosure of Net interest income [Text Block]	Net interest income Interest and other income The breakdown of the interest and other income recognized in the consolidated income statement is as follows: Interest and other income. Breakdown by origin (Millions of Euros) 2023 2022 2021 Financial assets held for trading 4,984 2,079 1,084 Financial assets at fair value through other comprehensive income 3,098 3,110 1,880 Financial assets at amortized cost 38,328 25,258 18,364 Insurance activity 1,052 1,309 1,084 Adjustments of income as a result of hedging transactions 91 (825) (84) Other income (1) 297 501 686 Total 47,850 31,432 23,015 (1) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million and €384 million for the years ended December 31, 2022 and 2021, respectively (see Note 22.1). The amounts recognized in consolidated equity in connection with hedging derivatives for the years ended December 31, 2023, 2022 and 2021 and the amounts derecognized from the consolidated equity and taken to the consolidated income statements during those years are included in the “Consolidated statements of recognized income and expense”. Interest expense The breakdown of the balance under this heading in the consolidated income statements is as follows: Interest expense. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Financial liabilities held for trading 3,834 1,140 1,339 Financial liabilities designated at fair value through profit or loss 130 58 52 Financial liabilities at amortized cost 19,164 9,985 6,130 Adjustments of expense as a result of hedging transactions 809 (232) (360) Insurance activity ⁽²⁾ 633 948 773 Cost attributable to pension funds 110 76 52 Other expense 80 333 342 Total 24,761 12,309 8,329 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4.

Note 38

Note 38	12 Months Ended
	Dec. 31, 2023
Dividend income [Abstract]
Disclosure of dividend income [Text Block]	Dividend income The balances for this heading in the consolidated income statements correspond to dividends on shares and equity instruments other than those from shares in entities accounted for using the equity method (see Note 39), as can be seen in the breakdown below: Dividend income (Millions of Euros) 2023 2022 2021 Non-trading financial assets mandatorily at fair value through profit or loss 11 15 64 Financial assets at fair value through other comprehensive income ⁽¹⁾ 107 108 112 Total 118 123 176 (1) This dividend income corresponds mainly to investments held at the end of the year.

Note 39

Note 39	12 Months Ended
	Dec. 31, 2023
Share of profit or loss of entities accounted for using the equity method [Abstract]
Disclosure of share of profit or loss of entities accounted for using the equity method [Text Block]	Share of profit or loss of entities accounted for using the equity method Results from “Share of profit or loss of entities accounted for using the equity method” resulted in a positive impact of €26 million for the year ended December 31, 2023, compared with the positive impact of €21 million and the positive impact of €1 million recorded for the years ended December 31, 2022 and 2021, respectively.

Note 40

Note 40	12 Months Ended
	Dec. 31, 2023
Fee and commission income and expenses [Abstract]
Disclosure of fee and commission income (expense) [text block]	Fee and commission income and expense The breakdown of the balance under these headings in the consolidated income statements is as follows: Fee and commission income. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Bills receivables 24 26 23 Demand accounts 300 424 425 Credit and debit cards and POS 4,665 3,499 2,628 Checks 175 162 136 Transfers and other payment orders 862 812 664 Insurance product commissions 384 261 215 Loan commitments given 307 259 234 Other commitments and financial guarantees given 471 420 364 Asset management 1,407 1,228 1,250 Securities fees 345 266 267 Custody securities 207 193 169 Other fees and commissions 751 711 622 Total 9,899 8,260 6,997 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). The breakdown of fee and commission expense under these heading in the consolidated income statements is as follows: Fee and commission expense. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Demand accounts 6 5 5 Credit and debit cards 2,337 1,884 1,427 Transfers and other payment orders 156 132 120 Commissions for selling insurance 40 54 51 Custody securities 111 92 55 Other fees and commissions 961 721 574 Total 3,611 2,888 2,232 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 41

Note 41	12 Months Ended
	Dec. 31, 2023
Gains Or Losses On Financial Assets And Liabilities, Hedge Accounting And Exchanges Differences [Abstract]
Disclosure of Gains Or Losses On Financial Assets And Liabilities And Exchanges Differences [Text Block]	Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net The breakdown of the balance under this heading, by source of the related items, in the consolidated income statement is as follows: Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros) 2023 2022 2021 Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 76 64 134 Financial assets at amortized cost 41 8 27 Other financial assets and liabilities 35 56 106 Gains (losses) on financial assets and liabilities held for trading, net 1,352 562 341 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 1,352 562 341 Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net 337 (67) 432 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 337 (67) 432 Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net 96 150 335 Gains (losses) from hedge accounting, net (17) (45) (214) Subtotal gains (losses) on financial assets and liabilities and hedge accounting 1,844 663 1,027 Exchange differences, net 339 1,275 883 Total 2,183 1,938 1,910 The breakdown of the balance (excluding exchange rate differences) under this heading in the income statements by the nature of the financial instrument is as follows: Gains (losses) on financial assets and liabilities and hedge accounting. Breakdown by nature of the financial instrument (Millions of Euros) 2023 2022 2021 Debt instruments 799 (2,266) 158 Equity instruments 669 (1,099) 2,059 Trading derivatives and hedge accounting (812) 1,361 (1,866) Loans and advances to customers 165 (241) 100 Customer deposits (95) 274 55 Other 1,118 2,635 522 Total 1,844 663 1,027 The breakdown of the balance of the impact of the derivatives (trading and hedging) under this heading in the consolidated income statements is as follows: Derivatives - Hedge accounting (Millions of Euros) 2023 2022 2021 Derivatives Interest rate agreements 427 522 73 Securities agreements (402) 1,653 (1,500) Credit derivative agreements (56) 16 (255) Foreign-exchange agreements (431) (658) 40 Commodity and other agreements (332) (127) (9) Subtotal (795) 1,406 (1,651) Hedging derivatives ineffectiveness — Fair value hedges (10) (51) (235) Hedging derivative (114) (229) 90 Hedged item 103 178 (325) Cash flow hedges (7) 6 21 Subtotal (17) (45) (214) Total (812) 1,361 (1,866)

Note 42

Note 42	12 Months Ended
	Dec. 31, 2023
Other Operating Income Expense [Abstract]
Disclosure of other operating income (expense) [text block]	Other operating income and expense The breakdown of the balance under the heading “Other operating income” in the consolidated income statements is as follows: Other operating income (Millions of Euros) 2023 2022 2021 Gains from sales of non-financial services 347 284 301 Other operating income 272 244 360 Total 619 528 661 The breakdown of the balance under the heading “Other operating expense” in the consolidated income statements is as follows: Other operating expense (Millions of Euros) 2023 2022 2021 Change in inventories 151 134 151 Contributions to guaranteed banks deposits funds 1,017 997 829 Hyperinflation adjustment (1) 2,007 1,687 585 Other operating expense ⁽²⁾ 867 620 475 Total 4,042 3,438 2,041 (1) For the year ended December 31, 2023 it includes €916 million related to Turkey and €1,062 million related to Argentina. For the year ended December 31, 2022, it includes €832 million related to Turkey and €822 million related to Argentina (see Note 2.2.18). (2) For the year ended December 2023, it includes €215 million corresponding to the total annual amount disbursed under the temporary tax on credit institutions and financial credit establishments, according to Law 38/2022 of December 27, 2022 (see Note 19.6).

Note 43

Note 43	12 Months Ended
	Dec. 31, 2023
Income And Expenses From Insurance And Reinsurance Contracts [Abstract]
Disclosure of Income and Expenses From Insurance and Reinsurance Contracts [Text Block]	Income and expense from insurance and reinsurance contracts The balances of the headings “Income and expense from insurance and reinsurance contracts” in the consolidated income statements stem from the insurance activity and includes the following: Income and expense from insurance and reinsurance contracts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ⁽²⁾ Income from insurance and reinsurance contracts ⁽³⁾ 3,081 2,622 2,593 Expense from insurance and reinsurance contracts (1,821) (1,547) (1,685) Total 1,261 1,075 908 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4. (3) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). The table below shows the contribution of each insurance product to the Group´s income for the years ended December 31, 2023, 2022 and 2021: Net income by type of product (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ⁽²⁾ Life insurance 617 649 622 Individual 590 573 583 Group insurance 27 76 39 Non-Life insurance 643 426 286 Home insurance — — — Other non-life insurance products 643 426 286 Total 1,261 1,075 908 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4.

Note 44

Note 44	12 Months Ended
	Dec. 31, 2023
Administration Costs [Abstract]
Disclosure of Administration Costs [Text Block]	Administration costs Personnel expense The breakdown of the balance under this heading in the consolidated income statements is as follows: Personnel expense (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Wages and salaries 5,068 4,310 3,933 Social security costs 834 708 668 Defined contribution plan expense 25 139 87 71 Defined benefit plan expense 25 49 42 49 Other personnel expense 440 454 325 Total 6,530 5,601 5,046 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Share-based employee remuneration The amounts recognized under the heading “Administration costs - Personnel expense - Other personnel expense” in the consolidated income statements for the year ended December 31, 2023, 2022 and 2021, corresponding to the remuneration plans based on equity instruments in each year, amounted to € 24 million, €32 million and €33 million, respectively. These amounts have been recognized with a corresponding entry under the heading “Shareholders’ funds - Other equity” in the consolidated balance sheets, net of tax effect. The characteristics of the Group's remuneration plans based on equity instruments are described below. Variable remuneration in shares BBVA has a specific remuneration scheme applicable to those employees whose professional activities have a material impact on the risk profile of BBVA and/or its Group (hereinafter “Identified Staff”) involving the delivery of BBVA shares or instruments linked to BBVA shares, designed within the framework of applicable regulations to credit institutions and considering best practices and recommendations at the local and international levels in this matter. Thus, according to the applicable remuneration policies, the variable remuneration for the Identified Staff members is subject, principally, to the following rules: – The Annual Variable Remuneration for Identified Staff members for each financial year will not accrue or will be reduced upon accrual, if certain profit and capital ratio levels are not achieved. – A maximum of 40% of the Annual Variable Remuneration for those members of the Identified Staff who receive particularly high amounts of variable remuneration and members of BBVA’s Senior Management and 60% for the rest of the Identified Staff (the “Upfront Portion” of the Annual Variable Remuneration) shall vest and be paid, provided the relevant conditions for payment are met, as a general rule, in the first quarter of the following financial year to which the Annual Variable Remuneration corresponds. – The remaining amount, and at least 60% of the Annual Variable Remuneration for those members of the Identified Staff who receive particularly high amounts of variable remuneration and members of BBVA’s Senior Management, and 40% for the rest of the Identified Staff, will be deferred over a period of 4 years (the “Deferred Portion” of the Annual Variable Remuneration). However, for members of BBVA’s Senior Management the deferral period shall be 5 years. In both cases, the Deferred Portion will be paid, provided the relevant conditions are met, once each of the years of deferral has elapsed. In no event will this Deferred Portion be paid faster than in a proportionate way. – Both the Upfront Portion and the Deferred Portion of the Annual Variable Remuneration of each member of the Identified Staff will be paid 50% in cash and 50% in BBVA shares or in instruments linked to BBVA shares. For members of BBVA’s Senior Management, the Deferred Portion will be paid 40% in cash and 60% in BBVA shares and/or in instruments linked to BBVA shares. – Shares or instruments received as Annual Variable Remuneration shall be withheld for one year running from the date of delivery. The foregoing shall not apply to those shares that are sold, where appropriate, in order to meet the payment of tax obligations accruing on the delivery of the shares and/or instruments. – The Deferred Portion of the Annual Variable Remuneration may undergo certain ex post risk adjustments, meaning that it will not vest, or may be reduced, if certain capital and liquidity thresholds are not met. – Up to 100% of the Annual Variable Remuneration of each member of the Identified Staff corresponding to each financial year, both in cash and in shares or instruments, will be subject to arrangements for the reduction of variable remuneration (malus) and arrangements for the recovery of variable remuneration already paid (clawback), which will remain in effect during the applicable deferral and retention period, and will be applicable in the event of the occurrence of any of the circumstances expressly named in the remuneration policies. – The cash amounts of the Deferred Portion of the Annual Variable Remuneration that ultimately vest will be updated by applying the consumer price index (CPI) measured as the year-on-year change in prices, or any other criteria established for that purpose by the Board of Directors. – Identified Staff members may not use personal hedging strategies or insurance in connection with the Annual Variable Remuneration and the responsibility that may undermine the effects of alignment with prudent risk management. – If the members of the Identified Staff are entitled to receive any variable remuneration other than the Annual Variable Remuneration but which qualifies as variable remuneration, such variable remuneration shall be subject to the rules regarding accrual, award, vesting and payment in accordance with the type and nature of the remuneration component itself – The variable remuneration of the Identified Staff for a financial year (understood as the sum of all variable remuneration) shall be limited to a maximum amount of 100% of the fixed component (understood as the sum of all fixed remuneration) of the total remuneration, unless the BBVA General Shareholders’ Meeting resolves to increase this percentage up to a maximum of 200%, In this regard, the General Shareholders’ Meeting of BBVA held on March 17, 2023 resolved to increase this limit to a maximum level of 200% of the fixed component of the total remuneration for a given number of the Identified Staff members, in the terms indicated in the report issued for this purpose by the Board of Directors dated February 9, 2023. In 2023, this remuneration scheme is reflected in the following remuneration policies: – BBVA Group General Remuneration Policy, approved by the Board of Directors on March 29, 2023, that applies to employees and BBVA Senior Management (excluding BBVA executive directors) and at Group companies with respect to which BBVA exercises control over management. This policy includes the specific rules applicable to the members of the Identified Staff, including BBVA Senior Management. – BBVA Directors’ Remuneration Policy, approved by the General Shareholders’ Meeting of BBVA held on March 17, 2023, that is applicable to the members of the Board of Directors of BBVA. The remuneration system for executive directors corresponds, generally, with the applicable system to the Identified Staff, incorporating some particularities of their own, derived from their condition of directors. The delivery of shares in 2023 to the members of the Identified Staff is derived from the settlement of the Annual Variable Remuneration for 2022 and deferred variable remuneration from previous years, which are subject to the vesting and payment rules established in the remuneration policies applicable in the year to which they correspond. According to the remuneration policy applicable in 2022, during 2023 a total amount of 3,305,980 BBVA shares or instruments linked to BBVA shares, corresponding, mostly, to the Upfront Portion of 2022 Annual Variable Remuneration and other variable components of remuneration, were delivered. In addition, according to the remuneration policy applicable in 2017, during 2023 a total amount of 106,072 BBVA shares, corresponding to the third and last payment of the Deferred Portion of 2017 Annual Variable Remuneration of the Chair and other members of BBVA's Senior Management, were delivered. Additionally, according to the remuneration policy applicable in 2018, during 2023 a total amount of 147,871 BBVA shares, corresponding to the second payment of the Deferred Portion of 2018 Annual Variable Remuneration of the Chair and other members of BBVA's Senior Management, were delivered. Likewise, according to the remuneration policy applicable in 2019, during 2023 a total amount of 4,348,742 BBVA shares were delivered, corresponding, mainly, to the first payment of the Deferred Portion of 2019 Annual Variable Remuneration of the executive directors and the rest of the members of BBVA's Senior Management and to the entire of the Deferred Portion of 2019 Annual Variable Remuneration of the rest of the Identified Staff, as well as to other variable components of remuneration. Lastly, according to the remuneration policy applicable in 2021, during 2023 a total amount of 740,382 BBVA shares were delivered, corresponding, mainly, to the first payment of the Deferred Portion of 2021 Annual Variable Remuneration of the Identified Staff, among which executive directors and the rest of the members of BBVA's Senior Management are included, as well as to other variable components of remuneration. Detailed information on the delivery of shares to executive directors and the rest of the members of BBVA's Senior Management who held this position as of December 31, 2023, is included in Note 54. Lastly, in line with specific regulation applicable in Portugal and Brazil, BBVA IFIC and BBVA Brazil Banco de Investimento have identified (on an individual basis, respectively) the staff in these countries whose annual variable remuneration should be subject to a specific settlement and payment scheme established in their corresponding remuneration policies, more specifically: – A percentage of the annual variable remuneration is subject to a three-year deferral that shall be paid yearly over the mentioned period. – 50% of the annual variable remuneration, both the upfront portion and deferred portion, shall be established in BBVA shares. – In BBVA IFIC the deferred portion of the annual variable remuneration may be reduced, but never increased, depending on the result of multi-year performance indicators. The cash amounts of the deferred portion that are finally paid will be subject to updating by applying the consumer price index (CPI) measured as a year-on-year change in prices. – In BBVA Brazil Banco de Investimento, both the cash amounts and share amounts of the deferred portion may be subject to update adjustments which are payable in cash. According to this remuneration scheme, during financial year 2023 a total of 8,243 BBVA shares corresponding to the upfront portion of 2022 annual variable remuneration were delivered to the staff of BBVA Brasil Banco de Investimento. With respect to the staff of BBVA IFIC, it should be noted that the exception provided for in the remuneration policy for said year corresponding to payment in shares has been applied to the annual variable remuneration for fiscal year 2022 in line with the provisions of the regulations in force. For this reason, during 2023, no BBVA shares corresponding to 2022 annual variable remuneration have been delivered to the staff of BBVA IFIC. Additionally, during 2023 a total of 4,842 BBVA shares corresponding to the first third of the deferred portion of 2021 annual variable remuneration were delivered to the staff of BBVA IFIC and BBVA Brasil Banco de Investimento as well as a total of 795 euros as adjustments for updates (for shares delivered in Brazil), and a total of 3,517 BBVA shares corresponding to the second third of the deferred portion of 2020 annual variable remuneration and 889 euros as adjustments for updates (for shares delivered in Brazil), and a total of 4,422 BBVA shares corresponding to the last third of the deferred portion of 2019 annual variable remuneration and 1,347 euros as adjustments for updates (for shares delivered in Brazil). Other administrative expense The breakdown of the balance under this heading in the consolidated income statements is as follows: Other administrative expense. Breakdown by main concepts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Technology and systems 1,512 1,391 1,176 Communications 219 195 175 Advertising 349 266 207 Property, fixtures and materials 520 440 380 Taxes other than income tax 451 370 347 Surveillance and cash courier services 234 214 179 Other expense 1,090 897 786 Total 4,375 3,773 3,249 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 45

Note 45	12 Months Ended
	Dec. 31, 2023
Depreciation And Amortisation Exasfpense [Abstract]
Disclosure of depreciation and amortisation expense [text block]	Depreciation and amortization The breakdown of the balance under this heading in the consolidated income statements for the years ended December 31, 2023, 2022 and 2021 is as follows: Depreciation and amortization (Millions of Euros) Notes 2023 2022 2021 Tangible assets 17 867 818 740 For own use 547 501 437 Right-of-use assets 317 312 299 Investment properties and other 3 5 3 Intangible assets 18.2 536 510 494 Total 1,403 1,328 1,234

Note 46

Note 46	12 Months Ended
	Dec. 31, 2023
Provisions or reversal of provisions [Abstract]
Disclosure of Provisions or reversal of provisions [Text Block]	Provisions or reversal of provisions For the years ended December 31, 2023, 2022 and 2021, the net provisions recognized in this income statement line item were as follows: Provisions or reversal of provisions (Millions of Euros) Notes 2023 2022 2021 Pensions and other post-employment defined benefit obligations 25 31 (89) 61 Commitments and guarantees given 76 87 8 Pending legal issues and tax litigation 171 210 135 Other provisions (1) 95 84 814 Total 373 291 1,018 (1) In 2021, it includes a provision for the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Note 24).

Note 47

Note 47	12 Months Ended
	Dec. 31, 2023
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss [Abstract]
Disclosure of Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss [Text Block]	Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification The breakdown of impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification by the nature of those assets in the consolidated income statements is as follows: Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification (Millions of Euros) Notes 2023 2022 2021 Financial assets at fair value through other comprehensive income - Debt securities 42 76 17 Financial assets at amortized cost 4,386 3,303 3,017 Of which: recovery of written-off assets by cash collection 7.2.5 (369) (390) (423) Total 4,428 3,379 3,034

Note 48

Note 48	12 Months Ended
	Dec. 31, 2023
Impairment or reversal of impairment of investments in joint ventures and associates [Abstract]
Disclosure of Impairment or reversal of impairment of investments in joint ventures and associates [Text Block]	Impairment or reversal of impairment of investments in joint ventures and associates The heading “Impairment or reversal of the impairment of investments in joint ventures or associates" included an impairment of €9 million in the year ended 2023. This heading included a reversal of impairment of €42 million for the year ended December 31, 2022, and it did not include any impairment or reversal of impairment for the year ended December 31, 2021 (see Note 16.3).

Note 49

Note 49	12 Months Ended
	Dec. 31, 2023
Impairment or reversal of impairment on non financial assets [Abstract]
Disclosure of Impairment or reversal of impairment on non financial assets [Text Block]	Impairment or reversal of impairment on non-financial assets The impairment losses on non-financial assets broken down by the nature of those assets in the consolidated income statements are as follows: Impairment or reversal of impairment on non-financial assets (Millions of Euros) Notes 2023 2022 2021 Tangible assets (1) 17 16 (53) 161 Intangible assets 26 25 19 Others 12 55 41 Total 54 27 221 (1) In 2021, it includes the impairment due to the closing of rented offices after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 17 and 24).

Note 50

Note 50	12 Months Ended
	Dec. 31, 2023
Profit Or Loss From Non Current Assets And Disposal Groups Classified As Held For Sale Not Qualifying As Discontinued Operations [Abstract]
Disclosure of Profit Or Loss From Non Current Assets And Disposal Groups Classified As Held For Sale Not Qualifying As Discontinued Operations [Text Block]	Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations The main items included in the balance under this heading in the consolidated income statements are as follows: Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations (Millions of Euros) Notes 2023 2022 2021 Gains on sale of real estate 64 102 39 Impairment of non-current assets held for sale (1) 21 (42) (221) (97) Gains (losses) on sale of investments classified as non-current assets held for sale — 11 10 Gains on sale of equity instruments classified as non-current assets held for sale — — 8 Total 22 (108) (40) (1) In 2022 it includes the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias , SOCIMI, S.A. were acquired by the BBVA Group (see Note 17). In 2021, it included the impairment due to the closure of owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 21 and 24).

Note 51

Note 51	12 Months Ended
	Dec. 31, 2023
Consolidated statements of cash flows [Abstract]
Disclosure of consolidated statements of cash flows [Text Block]	Consolidated statements of cash flows The variation between 2023, 2022 and 2021 of the financial liabilities from financing activities is the following: Liabilities from financing activities (Millions of Euros) Liabilities at amortized cost: Debt certificates Of which: Issuances of subordinated liabilities (1) 2023 2022 2021 2023 2022 2021 Balance at the beginning 55,429 55,763 61,780 12,485 14,794 17,248 Cash flows 13,283 (678) (5,728) 3,388 (1,945) (1,941) Non-cash changes (5) 344 (289) (40) (364) (513) Acquisition — — — — — — Disposal — — — — — (772) Disposals by companies held for sale — — — — — — Foreign exchange movement (5) 344 (289) (40) (364) 259 Fair value changes — — — — — — Balance at the end 68,707 55,429 55,763 15,832 12,485 14,794 (1) There were €35, €24 and €14 million of subordinated deposits as of December 31, 2023, 2022 and 2021, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €345, €313 and €359 million in 2023, 2022 and 2021, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.

Note 52

Note 52	12 Months Ended
	Dec. 31, 2023
Auditor's remuneration [abstract]
Disclosure of accountant fees and services [Text Block]	Accountant fees and services The details of the fees for the services contracted by entities of the BBVA Group for the year ended December 31, 2023, with their respective auditors and other audit entities are as follows: Fees for Audits conducted and other related services (1) (Millions of Euros) 2023 2022 Audits of the companies audited by firms belonging to the EY worldwide organization and other reports related with the audit (2) 28.5 24.8 Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the EY worldwide organization 1.4 1.0 Fees for audits conducted by other firms 0.1 0.1 (1) Regardless of the billed year. (2) Including fees pertaining to annual legal audits (€23.3 million as of December 31, 2023). In the year ended December 31, 2023, certain entities in the BBVA Group contracted other services (other than audits) as follows: Other Services rendered (Millions of Euros) 2023 2022 Firms belonging to the EY worldwide organization 0.2 0.1 This total of contracted services includes the detail of the services provided by Ernst & Young, S.L. to BBVA, S.A. or its controlled companies at the date of preparation of these consolidated financial statements as follows: Fees for audits conducted (1) (Millions of Euros) 2023 2022 Legal audit of BBVA,S.A. or its companies under control 7.9 7.6 Other audit services of BBVA, S.A. or its companies under control 5.4 5.2 Limited Review of BBVA, S.A. or its companies under control 1.9 1.4 Reports related to issuances 1.0 0.4 Assurance services and other required by the regulator 0.8 0.8 (1) Services provided by Ernst & Young, S.L. to companies located in Spain, to the branch of BBVA in New York and to the branch of BBVA in London. Audit fees disclosed in this Note are presented under local purposes and do not correspond to SEC definitions. The services provided by the auditors meet the independence requirements of the external auditor established under Audit of Accounts Law (Law 22/2015) and under the Sarbanes-Oxley Act of 2002 adopted by the SEC.

Note 53

Note 53	12 Months Ended
	Dec. 31, 2023
Related party transactions [abstract]
Disclosure of transactions between related parties [text block]	Related-party transactions As financial institutions, BBVA and other entities in the Group engage in transactions with related parties in the normal course of their business. These transactions are not significant and are carried out under normal market conditions. As of December 31, 2023, 2022 and 2021, the following are the transactions with related parties: Transactions with significant shareholders As of December 31, 2023, 2022 and 2021, there were no shareholders considered significant (see Note 26). Transactions with BBVA Group entities The balances of the main captions in the consolidated balance sheets arising from the transactions carried out by the BBVA Group with associates and joint venture entities accounted for using the equity method are as follows: Balances arising from transactions with entities of the Group (Millions of Euros) 2023 2022 2021 Assets Loans and advances to credit institutions 5 9 9 Loans and advances to customers 791 1,842 2,031 Debt securities 4 7 7 Liabilities Deposits from credit institutions — 1 1 Customer deposits 134 204 296 Memorandum accounts Financial guarantees given 177 136 154 Other commitments given 595 751 1,056 Loan commitments given 119 10 11 The balances of the main captions in the consolidated income statements resulting from transactions with associates and joint venture entities that are accounted for under the equity method are as follows: Balances of consolidated income statement arising from transactions with entities of the Group (Millions of Euros) 2023 2022 2021 Income statement Interest and other income 44 20 16 Interest expense 4 2 — Fee and commission income 4 5 8 Fee and commission expense 49 40 31 There were no other material effects in the consolidated financial statements arising from dealings with these entities, other than the effects from using the equity method (see Note 2.1) and from the insurance policies to cover pension or similar commitments (see Note 25) and the derivatives transactions arranged by BBVA Group with these entities, associates and joint ventures. In addition, as part of its normal activity, the BBVA Group has entered into agreements and commitments of various types with shareholders of subsidiaries and associates, which have no material effects on the consolidated financial statements. Transactions with members of the Board of Directors and Senior Management The transactions entered into between BBVA or its Group companies with members of the Board of Directors and Senior Management of the Bank or their related parties were within the scope of the ordinary course of business of the Bank and were immaterial, defined as transactions the disclosure of which is not necessary to present a true and fair view of the Bank's equity, financial position and results, and were concluded on normal markets terms or on terms applicable to the rest of employees. The amount and nature of the main transactions carried out with members of the Board of Directors and Senior Management of the Bank, or their respective related parties, are shown below. Balance at 31 st December of each year (thousands of Euros) 2023 2022 2021 Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Loans and credits 531 243 5,553 727 668 1,880 6,321 764 765 207 5,419 573 Bank guarantees — — 10 — — — 10 — — — 10 — Business credit — — — — — — — — — — — — (1) Excluding executive directors Information on remuneration paid and other benefits granted to members of the Board of Directors and Senior Management of BBVA is provided in Note 54.

Note 54

Note 54	12 Months Ended
	Dec. 31, 2023
Remuneration And Other Benefits Received By The Board Of Directors And Members Of The Banks Senior Management [Abstract]
Disclosure of information about key management personnel [text block]	Remuneration and other benefits for the Board of Directors and members of the Bank's Senior Management Remuneration of non-executive directors The remuneration of the non-executive directors corresponding to the financial years 2023 and 2022 is as follows, individually and by remuneration item: Remuneration of non-executive directors (thousands of Euros) (1) Board of Directors Executive Committee Audit Committee Risk and Compliance Committee Remuneration Committee Appointments and Corporate Governance Committee Technology and Cybersecurity Committee Other positions (2) Total 2023 2022 José Miguel Andrés Torrecillas 129 167 132 – – 115 – 50 593 527 Jaime Caruana Lacorte 129 167 99 107 – – – – 502 567 Sonia Dulá (3) 107 – 44 71 – – – – 223 – Raúl Galamba de Oliveira 129 – – 178 – 31 43 80 461 332 Belén Garijo López 129 111 22 – 107 46 – – 416 349 Connie Hedegaard Koksbang 129 – 44 – – – – – 173 107 Lourdes Máiz Carro 129 – 66 – 43 – – – 238 238 José Maldonado Ramos 129 167 – – – 46 – – 342 342 Ana Peralta Moreno 129 – 66 – 43 – – – 238 238 Juan Pi Llorens 129 – – 143 – 46 43 – 361 458 Ana Revenga Shanklin 129 – – 107 29 – 43 – 307 264 Susana Rodríguez Vidarte (4) 32 42 – 27 – 12 – – 112 449 Carlos Salazar Lomelín (5) 129 – – – 43 – – – 172 172 Jan Verplancke 129 – – – 43 – 43 – 214 214 Total 1,684 653 475 633 307 297 171 130 4,350 4,257 (1) Includes amounts corresponding to positions on the Board and its various Committees, the composition of which was modified on April 26, 2023, with effect from May 1, 2023. (2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director. (3) Director appointed by the Annual General Shareholders’ Meeting held on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year. (4) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year. (5) In addition, in financial years 2023 and 2022, the director Carlos Salazar Lomelín received €67 thousand and €90 thousand, respectively, as per diems for his membership in the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. and the BBVA México, S.A. de C.V. strategy forum. Likewise, during financial years 2023 and 2022, €123 thousand and €110 thousand were paid out, respectively, in healthcare and casualty insurance premiums for non-executive directors. Remuneration system with deferred delivery of shares for non-executive directors BBVA has a fixed remuneration system with deferred delivery of shares for its non-executive directors, which was approved by the Annual General Shareholders' Meeting held on March 18, 2006 and extended by resolutions of the Annual General Shareholders' Meetings held on March 11, 2011 and March 11, 2016 for a further five-year period in each case, by the Annual General Shareholders' Meeting held on April 20, 2021 for a further three-year period and by the Annual General Shareholders' Meeting held on March 17, 2023 for a further four-year period. This system consists of the annual allocation to non-executive directors of a number of theoretical shares of BBVA equivalent to 20% of the total annual fixed allowance in cash received by each director in the previous financial year, calculated according to the average closing price of the BBVA share during the 60 trading sessions prior to the dates of the Annual General Shareholders' Meetings approving the corresponding financial statements for each financial year. The BBVA shares, in a number equivalent to the theoretical shares accumulated by each non-executive director, will be delivered to each beneficiary, where applicable, after they leave their positions as directors for any reason other than serious dereliction of their duties. During the financial years 2023 and 2022, the following theoretical shares derived from the remuneration system with deferred delivery of shares have been allocated to the non-executive directors, in an amount equivalent to 20% of the total annual fixed allowance in cash received by each of them in the financial years 2022 and 2021, respectively: 2023 2022 Theoretical shares allocated (1) Theoretical shares accumulated as of December 31 Theoretical shares allocated (1) Theoretical shares accumulated as of December 31 José Miguel Andrés Torrecillas 16,023 134,048 19,253 118,025 Jaime Caruana Lacorte 17,255 94,960 20,733 77,705 Sonia Dulá (2) 0 0 0 0 Raúl Galamba de Oliveira 10,091 29,768 10,177 19,677 Belén Garijo López 10,603 101,192 12,741 90,589 Connie Hedegaard Koksbang (3) 3,263 3,263 0 0 Lourdes Máiz Carro 7,237 71,593 8,696 64,356 José Maldonado Ramos 10,397 146,874 12,493 136,477 Ana Peralta Moreno 7,237 42,329 8,696 35,092 Juan Pi Llorens 13,943 148,542 18,703 134,599 Ana Revenga Shanklin 8,035 24,214 8,611 16,179 Susana Rodríguez Vidarte (4) 13,648 0 16,400 177,775 Carlos Salazar Lomelín 5,218 17,130 6,270 11,912 Jan Verplancke 6,521 35,772 7,835 29,251 Total 129,471 849,685 150,608 911,637 (1) The number of theoretical shares was calculated according to the average closing price of the BBVA share during the 60 trading sessions prior to the dates of the Annual General Shareholders’ Meetings of March 17, 2023 and March 18, 2022, which were €6.58 and €5.47 per share, respectively. (2) Director appointed by the Annual General Shareholders'’ Meeting held on March 17, 2023, therefore the allocation of theoretical shares is not due until 2024. (3) Director appointed by the Annual General Shareholders’ Meeting held on March 18, 2022, therefore the first allocation of theoretical shares was made in 2023. (4) Director who left office on March 17, 2023. In application of the system, she received a total of 191,423 BBVA shares after leaving office, which is equivalent to the total of theoretical shares accumulated up to that date. Remuneration of executive directors The remuneration of the executive directors corresponding to financial years 2023 and 2022 is the result of the application of the remuneration policies approved by the Annual General Shareholders' Meeting on March 17, 2023 and April 20, 2021, respectively. In accordance with said policies, the remuneration of executive directors corresponding to financial years 2023 and 2022 is indicated below, individually and by remuneration item. Annual Fixed Remuneration (thousands of Euros) 2023 2022 Chair 2,924 2,924 Chief Executive Officer 2,179 2,179 Total 5,103 5,103 In addition, in accordance with the conditions established contractually and in the BBVA Directors' Remuneration Policy, during the 2023 and 2022 financial years, the Chief Executive Officer received €654 thousand each year as "cash in lieu of pension" (equivalent to 30% of his annual fixed remuneration) as he does not have a retirement pension (see the "Pension commitments with executive directors" section of this Note), and €600 thousand as mobility allowance. Remuneration in kind (thousands of Euros) Likewise, during the financial years 2023 and 2022, executive directors received remuneration in kind, which includes insurance premiums and others, for an amount of €213 thousand and €283 thousand in the case of the Chair and €131 thousand and €155 thousand in the case of the Chief Executive Officer, respectively. Variable remuneration With regard to variable remuneration, the main change introduced by the new Directors’ Remuneration Policy approved by the Annual General Shareholders' Meeting in 2023 is that it establishes a new model pursuant to which the annual variable remuneration ("AVR") of the executive directors for financial year 2023 now consists of two components: a short-term incentive (“STI”) and a long-term incentive (“LTI”). The award of both incentives is contingent upon the achievement of the minimum profit and capital ratio thresholds approved by the Board of Directors for this purpose. The sum of the STI and the LTI constitutes the AVR of each executive director for 2023. The STI will be awarded once the annual measurement period of the annual indicators ends, and its amount will be determined based on its result, taking into account the targets, scales of achievement and weightings established for each of them by the Board of Directors, and may range between 0% and 150% of the “Target STI” (which represents the amount of the STI if 100% of the pre-established targets for these indicators are met). Meanwhile, once the aforementioned minimum profit and capital ratio thresholds are reached, the right to the LTI will arise. However, its final amount, which may range between 0% and 150% of the “Target LTI” (which represents the amount of the LTI if 100% of the pre-established targets for the long-term indicators approved for its calculation are met), will be determined once the last financial year of the measurement period of the long-term indicators has ended, on the basis of its results, taking into account the targets, scales of achievement and weightings established for each of them. A percentage not exceeding 40% of the AVR initially awarded will be vested and paid, provided that the required conditions are met, as a general rule, in the first quarter of the year following the one to which it corresponds (the " Upfront Portion "), in equal parts in cash and BBVA shares. The remaining amount, and at least 60% of the AVR initially awarded, will be deferred over a period of 5 years and paid, if the required conditions are met, once each of the 5 years of deferral has elapsed, 40% in cash and 60% in BBVA shares and/or instruments linked to BBVA shares (the "Deferred Portion" or the "Deferred AVR"). Within said deferral period, payment of the LTI will only begin after the expiration of the measurement period of the targets set for the long term indicators, to the result of which its final amount is subject. Therefore, the LTI is part of the Deferred Portion of the AVR of the executive directors. In accordance with the above, in financial year 2023 the executive directors accrued an STI in the amount of €2,871 thousand in the case of Chair and €2,147 thousand in the case of Chief Executive Officer. Likewise, the executive directors have generated the right to an LTI for a maximum theoretical amount of €1,929 thousand in the case of Chair and €1,443 thousand in the case of Chief Executive Officer, which is equivalent, in both cases, to 150% of their “Target LTI”. Upon expiration of the measurement period of the long-term indicators established for their calculation (once 2026 has ended), its final amount will be determined, which could range between 0% and 150% of the “Target LTI”. If 100% of the pre-established objectives are achieved, the LTI will amount to €1,286 thousand in the case of Chair and €962 thousand in the case of Chief Executive Officer. The Upfront Portion of the AVR for the financial year 2023 of the executive directors, calculated taking into account the above, and the Upfront Portion of the AVR for financial year 2022 of the executive directors, due for payment, respectively, once each of said years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2023 (1) 2022 (2) In cash In shares In cash In shares Chair 897 107,835 926 158,169 Chief Executive Officer 671 80,650 712 121,646 Total 1,568 188,485 1,639 279,815 (1) The Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares and/or share-linked instruments) over a five-year period. The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the executive directors established in the BBVA Directors’ Remuneration Policy approved by the Annual General Shareholders' Meeting on March 17, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments ; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders' Meeting held in 2023. (2) 40% of the AVR for financial year 2022 that was paid in 2023. AVR for financial year 2022 is subject to the rules on deferral, vesting and payment and to the remaining conditions established in the BBVA Directors' Remuneration Policy approved by the Annual General Shareholders' Meeting of April 20, 2021. Deferred Annual Variable Remuneration from previous financial years 2023 (1) 2022 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Chair 2022 229 56,941 — — 2021 222 57,325 215 57,325 2020 0 0 — — 2019 176 45,529 513 136,587 2018 132 35,795 128 35,795 2017 — — 154 27,898 Subtotal 760 195,590 1,011 257,605 Chief Executive Officer 2022 176 43,793 — — 2021 169 43,552 164 43,552 2020 0 0 — — 2019 158 40,858 460 122,572 2018 — — — — 2017 — — — — Subtotal 503 128,203 624 166,124 Total 1,263 323,793 1,635 423,729 (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the Chair and/or the Chief Executive Officer will be made in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 80% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 60% of the 2021 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the accrual of the whole of their AVR for 2020 financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 20% of the 2019 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) becomes payable to the Chair, including the update of its cash portion. With such payment, the payment to the Chair of the 2018 Deferred AVR will be completed. This remuneration is associated with his former position as Chief Executive Officer. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the Chair and Chief Executive Officer was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the first payment (60% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. This remuneration is associated with his former position as Chief Executive Officer. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. After this, the payment to the Chair of the 2017 Deferred AVR was completed. This remuneration was associated with his former position as Chief Executive Officer. Pension commitments with executive directors The Bank has not assumed any pension commitments with non-executive directors. With regard to the executive directors, the BBVA Directors' Remuneration Policy establishes a pension framework whereby, in the case of the Chair, he is entitled to receive a retirement pension, paid in either income or capital, when he reaches the legally established retirement age, provided that he does not leave his position as a result of serious dereliction of his duties. The amount of this pension will be determined by the annual contributions made by the Bank, together with their corresponding accumulated yields at that date. The agreed annual contribution to cover the retirement contingency under the defined contribution system established for the Chair in the BBVA Directors' Remuneration Policy is €439 thousand. The Board of Directors may update this amount during the term of the Policy, in the same manner as it may update the Annual Fixed Remuneration, pursuant to the terms established therein. 15% of this annual contribution will be based on variable components and considered “discretionary pension benefits” and will, therefore, be subject to the conditions regarding delivery in shares, withholding and clawback established in the applicable regulations, as well as any other conditions concerning variable remuneration that may be applicable in accordance with the BBVA Directors' Remuneration Policy. In the event that the Chair's contractual relationship is terminated before he reaches retirement age for reasons other than serious dereliction of duties, the retirement pension payable to the Chair upon him reaching the legally established retirement age will be calculated based on the funds accumulated through the contributions made by the Bank up to that date, as per the terms set out, plus the corresponding accumulated yield, with no additional contributions to be made by the Bank as of the time of termination. With respect to the commitments assumed with the Chair to cover the death and disability contingencies, the Bank shall pay the corresponding annual insurance premiums, in order to top up the coverages for these contingencies. In accordance with the foregoing, in the financial year 2023, an amount of €458 thousand was registered, comprising the annual contribution to cover the retirement contingency, which is €439 thousand, and an amount of €19 thousand corresponding to the upward adjustment of the "discretionary pension benefits" for the financial year 2022, which were declared once that year had ended and which had to be contributed to the accumulated fund in 2023. Likewise, an amount of €322 thousand has been paid in insurance premiums for the death and disability contingencies. As of December 31, 2023, the total accumulated fund to meet the retirement commitments with the Chair amounted to €24,759 thousand. 15% of the annual contribution for the retirement contingency corresponding to the 2023 financial year (€66 thousand) was registered in said financial year as “discretionary pension benefits”. Following the end of the financial year, this amount was adjusted by applying the same criteria used to determine the STI that is part of the Chair's AVR for the 2023 financial year and was determined to amount to €83 thousand, which represents an upward adjustment of €17 thousand. These “discretionary pension benefits” will be contributed to the accumulated fund in the 2024 financial year and will be subject to the conditions established for them in the BBVA Directors' Remuneration Policy. Regarding the Chief Executive Officer, in accordance with the provisions of the BBVA Directors' Remuneration Policy and those in his contract, the Bank has not undertaken any retirement commitments, although he is entitled to an annual cash sum instead of a retirement pension (cash in lieu of pension) equal to 30% of his Annual Fixed Remuneration. In accordance with the above, in the 2023 financial year, the Bank paid the Chief Executive Officer the amount of fixed remuneration relating to "cash in lieu of pension", as described in the "Remuneration of executive directors" section of this Note. However, the Bank has undertaken commitments to cover the death and disability contingencies in respect of the Chief Executive Officer, for which the corresponding annual insurance premiums are paid. To this end, in 2023, €230 thousand have been recognized for this concept. Pension systems (thousands of Euros) Contributions (1) Funds accumulated Retirement Death and disability 2023 2022 2023 2022 2023 2022 Chair 458 451 322 473 24,759 22,771 Chief Executive Officer — — 230 285 — — Total 458 451 552 758 24,759 22,771 (1) Contributions recognized to meet pension commitments to executive directors in financial years 2023 and 2022. In the case of the Chair, these correspond to the sum of the annual retirement pension contribution and the adjustment made to the "discretionary pension benefits" for the financial years 2022 and 2021, the contribution to which was to be made in the financial years 2023 and 2022, respectively, and with the death and disability premiums. In the case of the Chief Executive Officer, the contributions recognized correspond exclusively to the insurance premiums paid by the Bank in 2023 and 2022 to cover the contingencies of death and disability, given that, in his case, the Bank has not undertaken any commitments to cover the retirement contingency. Payments for the termination of the contractual relationship In accordance with the BBVA Directors' Remuneration Policy, the Bank has no commitments to pay severance indemnity to executive directors. Remuneration of Senior Management The remuneration of all Senior Management, excluding executive directors, for the financial years 2023 and 2022 (15 and 16 members with such status at December 31, of each financial year, respectively, excluding executive directors), are the result of the application of the remuneration policies approved by the Board of Directors (on June 30, 2021 and March 29, 2023, respectively). In accordance with the provisions established in said policies, the remuneration of the entire Senior Management corresponding to financial years 2023 and 2022 is indicated below, by remuneration item. Fixed remuneration (thousands of Euros) 2023 2022 Senior Management Total (1) 18,187 18,149 (1) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases. Remuneration in kind (thousands of Euros) During 2023 and 2022 financial years, all members of Senior Management (15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases) have received remuneration in kind, which includes insurance premiums and others, for an aggregate amount of €904 thousand and €1,093 thousand, respectively. Variable remuneration Regarding variable remuneration, the main change of the new BBVA Group General Remuneration Policy approved by the Board of Directors in 2023, in line with the changes of the Directors’ Remuneration Policy approved by the Annual General Shareholders' Meeting on March 17, 2023, is that it establishes a new model pursuant to which the AVR of Senior Management members for financial year 2023, as that of executive directors, now consists of two components: an STI and an LTI. The award of both incentives is contingent upon the achievement of the minimum profit and capital ratio thresholds approved by the Board of Directors for this purpose. The sum of the STI and the LTI constitutes the AVR of each member of the Senior Management for 2023. Pursuant to this model, and on the same terms applicable to executive directors set out above, in financial year 2023 members of the Senior Management, excluding executive directors, have accrued an STI for a combined total of €7,122 thousand. Likewise, members of the Senior Management, excluding the executive directors, have generated the right to an LTI for an aggregate maximum theoretical amount of €4,711 thousand, which is equivalent to the sum of 150% of each beneficiary's “Target LTI”. Upon expiration of the measurement period of the long-term indicators established for their calculation (once 2026 has ended), the final amount of each beneficiary's LTI will be determined which could range between 0% and 150% of the “Target LTI”. If 100% of the pre-established targets are met, the LTI will amount to an aggregate amount of €3,141 thousand. The total sum of the Upfront Portion of the AVR for the financial year 2023 of the members of Senior Management, excluding the executive directors, calculated taking into account the above, and the total sum of the Upfront Portion of the AVR for the financial year 2022 of the members of Senior Management, excluding executive directors, due for payment, respectively, once each of said financial years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2023 (1) 2022 (2) In cash In shares In cash In shares Senior Management Total (3) 2,226 267,550 2,158 365,746 (1) Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares or share-linked instruments) over a five-year period (the Deferred Portion). The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the members of the Senior Management established in the BBVA Group General Remuneration Policy approved by the Board of Directors on March 29, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders’ Meeting held in 2023. (2) 40% of the AVR for financial year 2022 that was paid in 2023. AVR for financial year 2022 is subject to the rules on deferral, vesting and payment and to the remaining conditions established in the BBVA Group General Remuneration Policy approved by the Board of Directors of June 30, 2021. (3) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases. Deferred Annual Variable Remuneration from previous financial years 2023 (1) 2022 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Senior Management Total (3) 2022 493 122,566 — — 2021 456 116,528 477 124,602 2020 1,484 289,020 — — 2019 302 77,447 1,364 320,172 2018 138 36,454 155 41,442 2017 — — 171 29,267 Total 2,873 642,015 2,167 515,483 (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the members of the Senior Management who are beneficiaries will take place in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 80% of the 2022 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 60% of the 2021 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the accrual of the whole of their AVR for 2020 financial year. Without prejudice to the above, two members of the Senior Management, executives of BBVA USA at that moment, are entitled to the payment of the Deferred Portion of a Success Bonus on the sale of BBVA USA. Of this Deferred Portion, the whole of it is payable with respect to one person and 60% of it with respect to the other, in accordance with the vesting and payment schedule applicable in each case pursuant to the remuneration policy applicable in that financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. Thereafter, 20% of the 2019 Deferred AVR will be deferred, which, if the conditions are met, will be paid in 2025. In addition, it includes the second payment (20%) of the Deferred Portion of a retention plan to be made to a member of Senior Management. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. With such payment, the payment of the 2018 Deferred AVR to its beneficiaries will be completed. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the members of Senior Management who were beneficiaries was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies in force in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) was made to the members of the Senior Management, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the members of Senior Management who were beneficiaries were paid the amounts that corresponded in each case (either 60% of the Deferred Portion or the whole of it) in accordance with the payment schedule established in the remuneration policies applicable in 2019, including the update of its cash portion. In addition, two members of the Senior Management were paid the Deferred Portion of a retention plan pursuant to the vesting and payment rules established in the remuneration policy applicable to that financial year. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) was made to the members of the Senior Management who were beneficiaries, including the update of its cash portion. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) was paid to the members of the Senior Management who were beneficiaries, including the update of its cash portion. Thereafter, the payment of the 2017 Deferred AVR to its beneficiaries was completed. (3) 15 members as of December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases. Pension commitments with members of Senior Management In the 2023 financial year, an aggregate amount of €3,829 thousand was registered to cover pension commitments with members of Senior Management (15 members with such status at December 31, 2023, excluding executive directors), which corresponds to the annual contribution agreed to cover the retirement contingency, increased by an amount of €144 thousa

Note 55

Note 55	12 Months Ended
	Dec. 31, 2023
Additional information [abstract]
Disclosure of additional information [text block]	Other information 55.1 Environmental impact The Group has no environmental liabilities, expenses, assets, provisions or contingencies that could have a significant effect on its consolidated equity, financial situation and profits. Consequently, as of December 31, 2023, there is no item included in the Consolidated Financial Statements that requires disclosure in an environmental information report pursuant to Ministry JUS/616/2022, of June 30, by which the new model for the presentation of consolidated annual accounts in the Commercial Register is approved.

Note 56

Note 56	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Disclosure of subsequent events [Text Block]	Subsequent events On January 18, 2024, a press release from the Constitutional Court of Spain was published announcing the unanimous decision of the Plenary Session of this jurisdictional body declaring unconstitutional certain measures related to Corporate Income Tax introduced by the Royal Decree-Law 3/2016. On January 29, 2024, this ruling was published on the website of the Constitutional Court, and on February 20, 2024, in the Official State Gazette (BOE). The effects of this ruling will depend on the resolution of each of the claims filed in relation to the affected financial years, so the calculation of its impact, both with regard to the quantification of the amounts affected, as well as regarding their timing, will depend on said execution process. It is expected that the impacts of the different execution processes could have a positive aggregate impact on the Group's total equity, allowing an acceleration in the use of tax credits and a possible recovery of cash from taxes paid in previous years, all subject to the decisions that, with respect to each financial year and as part of the execution process, the Group may adopt in this regard and without, in any case, said impact expected to exceed approximately 0.4% of the Group's total equity in the aggregate. On January 30, 2024, it was announced that a cash distribution in the amount of €0.39 gross per share to be paid in April as a final dividend for the year 2023 and the execution of a share buyback program of BBVA for an amount of €781 million were planned to be proposed to the corresponding corporate bodies for consideration as ordinary remuneration to shareholders for 2023, subject to obtaining the corresponding regulatory authorizations and the communication of the specific terms and conditions of the program before its execution. On March 1, 2024, after receiving the required authorization from the ECB, BBVA announced through an Inside Information notice the execution of such buyback program for the repurchase of own shares in accordance with the Regulations, aimed at reducing BBVA’s share capital by a maximum monetary amount of €781 million. The program will be executed externally through Citigroup Global Markets Europe AG, starting on March 4, 2024. (See Note 4). From January 1, 2024 to the date of preparation of these Consolidated Financial Statements, no other subsequent events not mentioned above in these financial statements have taken place that could significantly affect the Group’s earnings or its equity position.

List of accounting policies (Po

List of accounting policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure of significant accounting policies [Abstract]
Description of accounting policy for financial instruments explanatory [Policy Text Block]	Accounting principles and policies and applied valuation methods The accounting principles and policies and the valuation methods applied in the preparation of the consolidated financial statements may differ from those used, at the individual level, by some of the entities that are part of the BBVA Group; This is why, in the consolidation process, the necessary adjustments and reclassifications are made to standardize such principles and criteria among themselves and bring them into line with the IFRS-IASB. In preparing the Consolidated Financial Statements, the following accounting principles and policies and assessment criteria have been applied: Financial instruments IFRS 9 became effective as of January 1, 2018 and replaced IAS 39 regarding the classification and measurement of financial assets and liabilities, the impairment of financial assets and hedge accounting. However, the Group has chosen to continue applying IAS 39 for accounting for hedges as permitted by IFRS 9. Classification and measurement of financial assets Classification of financial assets IFRS 9 contains three main categories for financial assets classification: measured at amortized cost, measured at fair value with changes through other comprehensive income, and measured at fair value through profit or loss. The classification of financial instruments in the categories of amortized cost or fair value depends on the business model with which the entity manages the assets and the contractual characteristics of the cash flows, commonly known as the "solely payments of principal and interest" criterion (hereinafter the "SPPI"). The assessment of the business model should reflect the way the Group manages groups of financial assets and does not depend on the intention for an individual instrument. Thus, for each entity within the BBVA Group there are different business models for managing assets. In order to determine the business model, the following aspects are taken into account: – The way in which the performance of the business model (and that of the assets which comprise such business model) is evaluated and reported to the entity's key personnel; – The risks and their management, which affect the performance of the business model; – The way in which business model managers are remunerated; and – The frequency, amount and timing of sales in previous years, the reasons for such sales and expectations regarding future sales. In this sense, the Group has established policies and has developed procedures in each geographical area to determine when the sales of financial assets classified in the amortized cost category are considered infrequent (even when significant), or are insignificant (even when frequent), to ensure compliance with such business model. Furthermore, it is considered that any sales that may occur because the financial asset is close to maturity, due to an increase in credit risk, or to satisfy liquidity needs, are compatible with the amortized cost model. Regarding the SPPI test, the analysis of the cash flows aims to determine whether the contractual cash flows of the assets correspond only to payments of principal and interest on the principal amount outstanding at the beginning of the transaction. Interest is understood here as the consideration for the time value of money; and for the credit risk associated with the principal amount outstanding during a specific period; and for financing and structure costs, plus a profit margin. The most significant judgments used by the Group in evaluating compliance with the conditions of the SPPI test are the following: – Modified time value: in the event that a financial asset includes a periodic interest rate adjustment but the frequency of this adjustment does not coincide with the term of the reference interest rate (for example, the interest rate reset every six months to a one-year rate), the Group assesses, at the time of the initial recognition, this mismatch to determine whether the contractual cash flows (undiscounted) differ significantly or not from the cash flows (undiscounted) of a benchmark financial asset, for which there would be no change in the time value of money. The defined tolerance thresholds are 10% for the differences in each period and 5% for the analysis accumulated throughout the financial asset life. – Contractual clauses: The contractual clauses that can modify the calendar or the amount of the contractual cash flows are analyzed to verify if the contractual cash flows that would be generated during the life of the instrument due to the exercise of those clauses are only payments of principal and interest on the principal amount outstanding. To do this, the contractual cash flows that may be generated before and after the modification are analyzed. The main criteria taken into account in the analysis are: a. Early termination clauses: generally a contractual clause that permits the debtor to prepay a debt instrument before maturity is consistent with SPPI when the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding (which may include reasonable additional compensation for the early termination of the contract). b. Instruments with an interest rate linked to contingent events: – An instrument whose interest rate is reset to a higher rate if the debtor misses a particular payment may meet the SPPI criterion because of the relationship between missed payments and an increase in credit risk. – An instrument with contractual cash flows that are indexed to the debtor’s performance – e.g. net income or is adjusted based on a certain index or stock market value would not meet the SPPI criterion. c. Perpetual instruments: to the extent that they can be considered instruments with continuous (multiple) extension options, they meet the SPPI test if the contractual flows meet it. When the issuer can defer the payment of interest, if such payment would affect their solvency, they would meet the SPPI test if the deferred interest accrues additional interest, while if they do not, they would not meet the test. – Non-recourse financial instruments: In the case of debt instruments that are repaid primarily with the cash flows of specific assets or projects and the debtor has no legal responsibility, the underlying assets or cash flows are evaluated to determine whether the contractual cash flows of the instrument are consistent with payments of principal and interest on the principal amount outstanding. a. If the contractual terms do not give rise to additional cash flows to payments of principal and interest on the amount of principal outstanding or limitations to these payments, the SPPI test is met. b. If the debt instrument effectively represents an investment in the underlying assets and its cash flows are inconsistent with principal and interest (because they depend on the performance of a business), the SPPI test is not met. – Contractually linked instruments: a look-through analysis is carried out in the case of transactions that are set through the issuance of multiple financial instruments forming tranches that create concentrations of credit risk in which there is an order of priority that specifies how the flows of cash generated by the underlying set of financial instruments are allocated to the different tranches. The debt tranches of the instrument will comply with the requirement that their cash flows represent only payment of principal and interest on the outstanding principal if: a. The contractual terms of the tranche being assessed for classification (without looking through to the underlying pool of financial instruments) give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding, b. The underlying pool of financial instruments comprises instruments with cash flow that are solely payments of principal and interest on the principal amount outstanding, and c. The exposure to credit risk in the underlying pool of financial instruments inherent in the tranche is equal to or lower than the exposure to credit risk of the underlying pool of financial instruments (for example, the credit rating of the tranche being assessed for classification is equal to or higher than the credit rating that would apply to a single tranche that funded the underlying pool of financial instruments). In any event, the contractual conditions that, at the time of the initial recognition, have a minimal effect on cash flows or depend on the occurrence of exceptional and highly unlikely events do not prevent compliance with the conditions of the SPPI test. Based on the above characteristics, financial assets will be classified and valued as described below. A debt instrument will be classified in the amortized cost portfolio if the two following conditions are fulfilled: – The financial asset is managed within a business model whose purpose is to maintain the financial assets to maturity, to receive contractual cash flows; and – The contractual conditions of the financial asset give rise to cash flows that are only payments of principal and interest. A debt instrument will be classified in the portfolio of financial assets at fair value with changes through other comprehensive income if the two following conditions are fulfilled: – The financial asset is managed with a business model whose purpose combines collection of the contractual cash flows and sale of the assets, and – The contractual characteristics of the instrument generate cash flows which only represent the return of the principal and interest. A debt instrument will be classified at fair value with changes in profit and loss provided that the entity's business model for their management or the contractual characteristics of its cash flows do not require classification into one of the portfolios described above. In general, equity instruments will be measured at fair value through profit or loss. However the Group may make an irrevocable election, at initial recognition to present subsequent changes in the fair value through “other comprehensive income”. Financial assets will only be reclassified when BBVA Group decides to change the business model. In this case, all of the financial assets assigned to this business model will be reclassified. The change of the objective of the business model should occur before the date of the reclassification. Measurement of financial assets All financial instruments are initially recognized at fair value, plus, those transaction costs which are directly attributable to the issue of the particular instrument, with the exception of those financial assets which are classified at fair value through profit or loss. All changes in the value of financial assets due to the interest accrual and similar items are recorded in the headings "Interest and other income" or "Interest expense", of the consolidated income statement of the year in which the accrual occurred (see Note 37), except for trading derivatives that are not economic and accounting hedges. The changes in fair value after the initial recognition, for reasons other than those mentioned in the preceding paragraph, are treated as described below, according to the categories of financial assets. “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Financial assets designated at fair value through profit or loss” Financial assets are recorded under the heading “Financial assets held for trading” if the objective of the business model is to generate gains by buying and selling these financial instruments or generate short-term results. The financial assets recorded in the heading “Non-trading financial assets mandatorily at fair value through profit or loss” are derived from a business model which objective is to obtain the contractual cash flows and / or to sell those instruments but its contractual cash flows do not comply with the requirements of the SPPI test. Financial assets are classified in “Financial assets designated at fair value through profit or loss” only if it eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from recognizing or measuring such financial assets on different bases. The assets recognized under these headings of the consolidated balance sheet are measured upon acquisition at fair value and changes in the fair value (gains or losses and foreign exchange differences) are recognized as their net value, when applicable, under the headings “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net” and “Gains (losses) on financial assets designated at fair value through profit or loss, net” in the consolidated income statement (see Note 41). ”Financial assets at fair value through other comprehensive income” – Debt instruments Assets recognized under this heading in the consolidated balance sheets are measured at their fair value. This category of valuation implies the recognition of the information in the income statement as if it were an instrument valued at amortized cost, while the instrument is valued at fair value in the balance sheet. Thus, both interest income on these instruments and the exchange differences and impairment that arise in their case are recorded in the profit and loss account, while subsequent changes in its fair value (gains or losses) are recognized temporarily (by the amount net of tax effect) under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Fair value changes of debt instruments measured at fair value through other comprehensive income” in the consolidated balance sheets (see Note 30). The amounts recognized under the headings “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Fair value changes of debt instruments measured at fair value through other comprehensive income” continue to form part of the Group's consolidated equity until the corresponding asset is derecognized from the consolidated balance sheet or until a loss allowance is recognized on the corresponding financial instrument. If these assets are sold, these amounts are derecognized and included under the headings “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net” in the consolidated income statements (see Note 41). The net loss allowances in “Financial assets at fair value through other comprehensive income” over the year are recognized under the heading “Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification - Financial assets at fair value through other comprehensive income” (see Note 47) in the consolidated income statement for the year. Interest income on these instruments is recorded in the consolidated profit and loss account (see Note 37). Changes in foreign exchange rates are recognized under the heading “Exchange differences, net" in the consolidated income statements (see Note 41). – Equity instruments At the time of initial recognition of specific investments in equity instruments, the BBVA Group may make the irrevocable decision to present subsequent changes in fair value in other comprehensive income. Subsequent changes in this valuation will be recognized in "Accumulated other comprehensive income - Items that will not be reclassified to profit or loss - Fair value changes of equity instruments measured at fair value through other comprehensive income" (see Note 30). Dividends received from these investments are recorded in the heading "Dividend income" in the consolidated income statement (see Note 38). These instruments are not subject to the impairment model of IFRS 9. “Financial assets at amortized cost” The assets under this category are subsequently measured at amortized cost, after initial recognition, using the "effective interest rate" method. In the case of floating rate instruments, including inflation-linked bonds, the periodic updates of cash flows to reflect the movement of interest rates and inflation impact the effective interest rate prospectively. Net loss allowances of assets recorded under these headings arising in each year, calculated using the IFRS 9 model, are recognized under the heading “Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification – Financial assets measured at amortized cost” in the consolidated income statement for such year (see Note 47). Classification and measurement of financial liabilities Classification of financial liabilities Financial liabilities are classified in the following categories: – Financial liabilities at amortized cost; – Financial liabilities that are held for trading, including derivatives, are financial instruments which are recorded in this category when the Group’s objective is to generate gains by buying and selling these financial instruments or generate short-term results; and – Financial liabilities that are designated at fair value through profit or loss on initial recognition under the Fair Value Option. The Group has the option to designate irrevocably, on the initial moment of recognition, a financial liability at fair value through profit or loss provided that doing so results in the elimination or significant reduction of measurement or recognition inconsistency, or if a group of financial liabilities, or a group of financial assets and financial liabilities, has to be managed, and its performance evaluated, on a fair value basis in accordance with a documented risk management or investment strategy. Measurement of financial liabilities Financial liabilities are initially recorded at fair value, less transaction costs that are directly attributable to the issuance of instruments, except for financial instruments that are classified at fair value through profit or loss. Variations in the value of financial liabilities due to the interest accrual and similar items are recorded in the headings “Interest and other income” or “Interest expense”, of the consolidated income statement for the year in which the accrual occurred (see Note 37), except for trading derivatives that are not economic and accounting hedges. The changes in fair value after the initial recognition, for reasons other than those mentioned in the preceding paragraph, are treated as described below, according to the categories of financial liabilities. “Financial liabilities held for trading” and “Financial liabilities designated at fair value through profit or loss“ The subsequent changes in the fair value (gains or losses) of the liabilities recognized under these headings of the consolidated balance sheets are recognized as their net value under the headings “Gains (losses) on financial assets and liabilities held for trading, net” and “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net” in the consolidated income statements (see Note 41). The changes in the own credit risk of the liabilities designated under the fair value option is presented in “Accumulated other comprehensive income (loss) – Items that will not be reclassified to profit or loss – Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk”, unless this treatment brings about or increases an asymmetry in the income statement. “Financial liabilities at amortized cost” The liabilities under this category are subsequently measured at amortized cost, using the “effective interest rate” method. Hybrid financial liabilities When a financial liability contains an embedded derivative, the Group analyzes whether the economic characteristics and risks of the embedded derivative and the host instrument are closely related. If the characteristics and risks of the host and the derivative are closely related, the instrument as a whole will be classified and measured according to the general rules for financial liabilities. If, on the other hand, the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host, its terms meet the definition of a derivative and the hybrid contract is not measured at fair value with changes in fair value recognized in profit or loss, the embedded derivative shall be separated from the host and accounted for as a derivative separately at fair value with changes in profit and loss and the host instrument classified and measured according to its nature. “Derivatives-Hedge Accounting” and “Fair value changes of the hedged items in portfolio hedges of interest-rate risk” The Group uses financial derivatives as a tool for managing financial risks, mainly interest rates and exchange rates (See Note 7). When these transactions meet certain requirements, they are considered "hedging instruments". Hedging financial derivatives are used to hedge changes in the value of assets and liabilities, changes in cash flows, or the net investment in a foreign business. Fair value hedging is established for fixed rate financial instruments, and cash flow hedges are used for variable rate financial instruments. The Group also carries out exchange risk hedging operations. Hedging accounting follows IAS 39, and the effectiveness of hedges is evaluated both retrospectively and prospectively, so that they remain within a range between 80% and 125%. The ineffectiveness of hedges, defined as the difference between the change in value of the hedging instrument and the hedged item in each period, attributable to the hedged risk, is recognized in the income statement. This includes both the amount of the ineffectiveness of the hedges established to manage interest rate risk in the period, as well as the ineffectiveness of the hedges established to manage exchange risk, which is mainly attributable to the temporary value of hedges established to manage exchange rate risk (see Notes 15 and 41). Changes occurring subsequent to the designation of the hedging relationship in the measurement of financial instruments designated as hedged items as well as financial instruments designated as hedge accounting instruments are recognized as follows: – In fair value hedges, the changes in the fair value of the derivative and the hedged item attributable to the hedged risk are recognized under the heading “Gains (losses) from hedge accounting, net” in the consolidated income statement, with a corresponding offset under the headings where hedging items ("Hedging derivatives") and the hedged items are recognized, as applicable, except for interest-rate risks hedges (which are almost all of the hedges used by the Group), for which the valuation changes are recognized under the headings “Interest and other income” or “Interest expense”, as appropriate, in the consolidated income statement (see Note 37). – In fair value hedges of interest rate risk of a portfolio of financial instruments (portfolio-hedges), the gains or losses that arise in the measurement of the hedging instrument are recognized in the consolidated income statement, with the corresponding offset on the headings “Derivatives-Hedge Accounting” and the gains or losses that arise from the change in the fair value of the hedged item (attributable to the hedged risk) are also recognized in the consolidated income statement (in both cases under the heading “Gains (losses) from hedge accounting, net”, using, as a corresponding offset, the headings "Fair value changes of the hedged items in portfolio hedges of interest rate risk" in the consolidated balance sheets, as applicable). – In cash flow hedges, the gain or loss on the hedging instruments relating to the effective portion is recognized temporarily under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Hedging derivatives. Cash flow hedges (effective portion)” in the consolidated balance sheets, with a corresponding offset under the heading “Hedging derivatives” of the assets or liabilities of the consolidated balance sheets as applicable. These differences are recognized in the consolidated income statement at the time the gains or losses of the hedged item are recorded in the income statement, at the time the forecast transaction is executed or at the maturity date of the hedged item. Almost all of the cash flow hedges carried out by the Group relate to interest rate risk and inflation risk of financial instruments, so their valuation changes are recognized under the heading "Interest and other income" or "Interest expense” in the consolidated income statement (see Note 37). – The changes in value of the hedging items corresponding to the ineffective portions of cash flow hedges are recognized directly in the heading “Gains (losses) from hedge accounting, net” in the consolidated income statement (see Note 41). – In hedges of net investments in foreign businesses, the valuation changes attributable to the effective portions of hedging items are recognized temporarily under the heading "Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss – Hedging of net investments in foreign operations (effective portion)" in the consolidated balance sheets with a corresponding offset under the heading “Hedging derivatives” of the assets or liabilities of the consolidated balance sheets, as applicable. These valuation changes will be recognized in the consolidated income statement when the investment in a foreign business is disposed of or derecognized (see Note 41). Loss allowances on financial assets The “expected losses” impairment model is applied to financial assets valued at amortized cost, debt instruments valued at fair value with changes in accumulated other comprehensive income, financial guarantee contracts and other commitments. All financial instruments valued at fair value through profit or loss are excluded from the impairment model. The standard classifies financial instruments into three categories, which depend on the evolution of their credit risk from the moment of initial recognition and which establish the calculation of the credit risk allowance. – Stage 1– without significant increase in credit risk Financial assets which are not considered to have significantly increased in credit risk have loss allowances measured at an amount equal to the expected credit loss that arises from all possible default events within 12 months following the presentation date of the financial statements (12 month expected credit losses). – Stage 2– significant increases in credit risk When the credit risk of a financial asset has increased significantly since the initial recognition, the loss allowances of that financial instrument is calculated as the expected credit loss during the entire life of the asset. That is, they are the expected credit losses that result from all possible default events during the expected life of the financial instrument. – Stage 3 – Impaired When there is objective evidence that the instrument is credit-impaired, the financial asset is transferred to this category in which the provision for losses of that financial instrument is calculated, as in Stage 2, as the expected credit loss during the entire life of the asset. When the recovery of any recognized amount is considered remote, such amount is written-off on the consolidated balance sheet, without prejudice to any actions that may be taken in order to collect the amount until the rights extinguish in full either because it is time-barred debt, the debt is forgiven, or other reasons. The BBVA Group has applied the following definitions: – Credit-impaired asset An asset is credit-impaired ( stage 3) if one or more events have occurred and they have a detrimental impact on the estimated future cash flows of the asset. Historically, the definition of credit-impaired asset under IFRS 9 has been substantially aligned with the definition of default used by the Group for internal credit risk management, which is also the definition used for regulatory purposes. In 2021 the Group updated its definition of default to conform to that set forth in the European Banking Authority (hereinafter EBA) Guidelines, in compliance with article 178 of Regulation (EU) No 575/2013 (CRR). The Group consequently updated the definition of credit-impaired asset ( stage 3), considering it a change in accounting estimates, re-establishing the consistency with the definition of default and guaranteeing the integration of both definitions in credit risk management. The determination of an asset as impaired and its classification in stage 3 is based exclusively on the risk of default, without considering the effects of credit risk mitigating measures such as guarantees and collaterals. Specifically, the following financial assets are classified in stage 3: a. Impaired assets for objective reasons or delinquency: when there are unpaid amounts of principal or interest for more than 90 days. According to IFRS 9, the 90-days past due default is a presumption that can be rebutted in those cases where the entity considers, based on reasonable and supportable information, that it is appropriate to use a longer term. As of December 31, 2023, the Group has not used terms exceeding 90 days past due. b. Impaired assets for subjective reasons (other than delinquency): when circumstances are identified that show, even in the absence of defaults, that it is not probable that the debtor will fully comply with its financial obligations. For this purpose, the following indicators are considered, among others: – Significant financial difficulties of the issuer or the borrower. – Granting by the lender or lenders to the borrower, for economic or contractual reasons related to the latter's financial difficulties, of concessions or advantages that they would not have otherwise granted. – Breach of contractual clauses, such as events of default or default. – Increasing probability that the borrower will go into bankruptcy or some other situation of financial reorganization. – Disappearance of an active market for the financial asset due to financial difficulties. – Others that may affect the committed cash flows such as the loss of the debtor's license or that it has committed fraud. – Generalized delay in payments. In any case, this circumstance exists when, during a continuous period of 90 days prior to the reporting date, a material amount has remained unpaid. – Sales of credit exposures of a client with a significant economic loss will imply that the rest of its operations are considered impaired. Relating to the granting of concessions due to financial difficulties, it is considered that there is an indicator of unlikeliness to pay, and therefore the client must be considered impaired, when the refinancing or restructuring measures may result in a diminished financial obligation caused by a forgiveness or material deferral of principal, interest or fees. Specifically, unless proven otherwise, transactions that meet any of the following criteria will be reclassified to the category of impaired assets: a. Irregular repayment schedule. b. Contractual clauses that delay the repayment of the loan through regular payments. Among others, grace periods of more than two years for the amortization of the principal will be considered clauses with these characteristics. c. Amounts of principal or interest written off from the balance sheet as its recovery is considered remote. In any case, a restructuring will be considered impaired when the reduction in the net present value of the financial obligation is greater than 1%. Credit risk management for wholesale counterparties is carried out at the customer (or group) level. For this reason, the classification of any of a client's material exposures as impaired, whether due to more than 90 days of default or due to any of the subjective criteria, implies the classification as impaired of all the client's exposures. Regarding retail clients, which are managed at the individual loan level, the scoring systems review their score, among other factors, in the event of a breach in any of their operations or incurring generalized delays in payments, which also triggers the necessary recovery actions. Among them are the refinancing measures that, where appropriate, may lead to
Derivatives hedge accounting and fair value changes of the hedged items in portfolio hedges of interest rate risk [Policy Text Block]	“Derivatives-Hedge Accounting” and “Fair value changes of the hedged items in portfolio hedges of interest-rate risk” The Group uses financial derivatives as a tool for managing financial risks, mainly interest rates and exchange rates (See Note 7). When these transactions meet certain requirements, they are considered "hedging instruments". Hedging financial derivatives are used to hedge changes in the value of assets and liabilities, changes in cash flows, or the net investment in a foreign business. Fair value hedging is established for fixed rate financial instruments, and cash flow hedges are used for variable rate financial instruments. The Group also carries out exchange risk hedging operations. Hedging accounting follows IAS 39, and the effectiveness of hedges is evaluated both retrospectively and prospectively, so that they remain within a range between 80% and 125%. The ineffectiveness of hedges, defined as the difference between the change in value of the hedging instrument and the hedged item in each period, attributable to the hedged risk, is recognized in the income statement. This includes both the amount of the ineffectiveness of the hedges established to manage interest rate risk in the period, as well as the ineffectiveness of the hedges established to manage exchange risk, which is mainly attributable to the temporary value of hedges established to manage exchange rate risk (see Notes 15 and 41). Changes occurring subsequent to the designation of the hedging relationship in the measurement of financial instruments designated as hedged items as well as financial instruments designated as hedge accounting instruments are recognized as follows: – In fair value hedges, the changes in the fair value of the derivative and the hedged item attributable to the hedged risk are recognized under the heading “Gains (losses) from hedge accounting, net” in the consolidated income statement, with a corresponding offset under the headings where hedging items ("Hedging derivatives") and the hedged items are recognized, as applicable, except for interest-rate risks hedges (which are almost all of the hedges used by the Group), for which the valuation changes are recognized under the headings “Interest and other income” or “Interest expense”, as appropriate, in the consolidated income statement (see Note 37). – In fair value hedges of interest rate risk of a portfolio of financial instruments (portfolio-hedges), the gains or losses that arise in the measurement of the hedging instrument are recognized in the consolidated income statement, with the corresponding offset on the headings “Derivatives-Hedge Accounting” and the gains or losses that arise from the change in the fair value of the hedged item (attributable to the hedged risk) are also recognized in the consolidated income statement (in both cases under the heading “Gains (losses) from hedge accounting, net”, using, as a corresponding offset, the headings "Fair value changes of the hedged items in portfolio hedges of interest rate risk" in the consolidated balance sheets, as applicable). – In cash flow hedges, the gain or loss on the hedging instruments relating to the effective portion is recognized temporarily under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Hedging derivatives. Cash flow hedges (effective portion)” in the consolidated balance sheets, with a corresponding offset under the heading “Hedging derivatives” of the assets or liabilities of the consolidated balance sheets as applicable. These differences are recognized in the consolidated income statement at the time the gains or losses of the hedged item are recorded in the income statement, at the time the forecast transaction is executed or at the maturity date of the hedged item. Almost all of the cash flow hedges carried out by the Group relate to interest rate risk and inflation risk of financial instruments, so their valuation changes are recognized under the heading "Interest and other income" or "Interest expense” in the consolidated income statement (see Note 37). – The changes in value of the hedging items corresponding to the ineffective portions of cash flow hedges are recognized directly in the heading “Gains (losses) from hedge accounting, net” in the consolidated income statement (see Note 41). – In hedges of net investments in foreign businesses, the valuation changes attributable to the effective portions of hedging items are recognized temporarily under the heading "Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss – Hedging of net investments in foreign operations (effective portion)" in the consolidated balance sheets with a corresponding offset under the heading “Hedging derivatives” of the assets or liabilities of the consolidated balance sheets, as applicable. These valuation changes will be recognized in the consolidated income statement when the investment in a foreign business is disposed of or derecognized (see Note 41).
Loss allowances on financial assets [Policy Text Block]	Loss allowances on financial assets The “expected losses” impairment model is applied to financial assets valued at amortized cost, debt instruments valued at fair value with changes in accumulated other comprehensive income, financial guarantee contracts and other commitments. All financial instruments valued at fair value through profit or loss are excluded from the impairment model. The standard classifies financial instruments into three categories, which depend on the evolution of their credit risk from the moment of initial recognition and which establish the calculation of the credit risk allowance. – Stage 1– without significant increase in credit risk Financial assets which are not considered to have significantly increased in credit risk have loss allowances measured at an amount equal to the expected credit loss that arises from all possible default events within 12 months following the presentation date of the financial statements (12 month expected credit losses). – Stage 2– significant increases in credit risk When the credit risk of a financial asset has increased significantly since the initial recognition, the loss allowances of that financial instrument is calculated as the expected credit loss during the entire life of the asset. That is, they are the expected credit losses that result from all possible default events during the expected life of the financial instrument. – Stage 3 – Impaired When there is objective evidence that the instrument is credit-impaired, the financial asset is transferred to this category in which the provision for losses of that financial instrument is calculated, as in Stage 2, as the expected credit loss during the entire life of the asset. When the recovery of any recognized amount is considered remote, such amount is written-off on the consolidated balance sheet, without prejudice to any actions that may be taken in order to collect the amount until the rights extinguish in full either because it is time-barred debt, the debt is forgiven, or other reasons. The BBVA Group has applied the following definitions: – Credit-impaired asset An asset is credit-impaired ( stage 3) if one or more events have occurred and they have a detrimental impact on the estimated future cash flows of the asset. Historically, the definition of credit-impaired asset under IFRS 9 has been substantially aligned with the definition of default used by the Group for internal credit risk management, which is also the definition used for regulatory purposes. In 2021 the Group updated its definition of default to conform to that set forth in the European Banking Authority (hereinafter EBA) Guidelines, in compliance with article 178 of Regulation (EU) No 575/2013 (CRR). The Group consequently updated the definition of credit-impaired asset ( stage 3), considering it a change in accounting estimates, re-establishing the consistency with the definition of default and guaranteeing the integration of both definitions in credit risk management. The determination of an asset as impaired and its classification in stage 3 is based exclusively on the risk of default, without considering the effects of credit risk mitigating measures such as guarantees and collaterals. Specifically, the following financial assets are classified in stage 3: a. Impaired assets for objective reasons or delinquency: when there are unpaid amounts of principal or interest for more than 90 days. According to IFRS 9, the 90-days past due default is a presumption that can be rebutted in those cases where the entity considers, based on reasonable and supportable information, that it is appropriate to use a longer term. As of December 31, 2023, the Group has not used terms exceeding 90 days past due. b. Impaired assets for subjective reasons (other than delinquency): when circumstances are identified that show, even in the absence of defaults, that it is not probable that the debtor will fully comply with its financial obligations. For this purpose, the following indicators are considered, among others: – Significant financial difficulties of the issuer or the borrower. – Granting by the lender or lenders to the borrower, for economic or contractual reasons related to the latter's financial difficulties, of concessions or advantages that they would not have otherwise granted. – Breach of contractual clauses, such as events of default or default. – Increasing probability that the borrower will go into bankruptcy or some other situation of financial reorganization. – Disappearance of an active market for the financial asset due to financial difficulties. – Others that may affect the committed cash flows such as the loss of the debtor's license or that it has committed fraud. – Generalized delay in payments. In any case, this circumstance exists when, during a continuous period of 90 days prior to the reporting date, a material amount has remained unpaid. – Sales of credit exposures of a client with a significant economic loss will imply that the rest of its operations are considered impaired. Relating to the granting of concessions due to financial difficulties, it is considered that there is an indicator of unlikeliness to pay, and therefore the client must be considered impaired, when the refinancing or restructuring measures may result in a diminished financial obligation caused by a forgiveness or material deferral of principal, interest or fees. Specifically, unless proven otherwise, transactions that meet any of the following criteria will be reclassified to the category of impaired assets: a. Irregular repayment schedule. b. Contractual clauses that delay the repayment of the loan through regular payments. Among others, grace periods of more than two years for the amortization of the principal will be considered clauses with these characteristics. c. Amounts of principal or interest written off from the balance sheet as its recovery is considered remote. In any case, a restructuring will be considered impaired when the reduction in the net present value of the financial obligation is greater than 1%. Credit risk management for wholesale counterparties is carried out at the customer (or group) level. For this reason, the classification of any of a client's material exposures as impaired, whether due to more than 90 days of default or due to any of the subjective criteria, implies the classification as impaired of all the client's exposures. Regarding retail clients, which are managed at the individual loan level, the scoring systems review their score, among other factors, in the event of a breach in any of their operations or incurring generalized delays in payments, which also triggers the necessary recovery actions. Among them are the refinancing measures that, where appropriate, may lead to all the client's operations being considered impaired. Furthermore, given the granularity of the retail portfolios, the differential behavior of these clients in relation to their products and collateral provided, as well as the time necessary to find the best solution, the Group has established as an indicator that when a transaction of a retail client is in default in excess of 90 days or shows a general delay in payments and this represents more than 20% of the client's total balance, all its transactions are considered impaired. When operations by entities related to the client fall into stage 3, including both entities of the same group and those with which there is a relationship of economic or financial dependence, the transactions of the holder will also be classified as stage 3 if after the analysis it is concluded that there are reasonable doubts about the full payment of the loans. The stage 3 classification will be maintained for a cure period of 3 months from the disappearance of all indicators of impairment during which the client must demonstrate good payment behavior and an improvement in their credit quality in order to corroborate the disappearance of the causes that motivated the classification of the debt as impaired. In the case of refinancing and restructuring, the cure period is one year (see Note 7.2.7 for more details). These criteria are aligned in all the geographical areas of the Group, maintaining only minor differences to facilitate the integration of management at the local level. – Significant increase in credit risk The objective of the impairment requirements is to recognize lifetime expected credit losses for financial instruments for which there have been significant increases in credit risk since initial recognition considering all reasonable and supportable information, including that which is forward-looking. The model developed by the Group for assessing the significant increase in credit risk has a two-prong approach that is applied globally (for more detail on the methodology used, see Note 7.2.1): – Quantitative criterion: the Group uses a quantitative analysis based on comparing the current expected probability of default over the life of the transaction with the original adjusted expected probability of default, so that both values are comparable in terms of expected default probability for their residual life. – Qualitative criterion: most indicators for detecting significant risk increase are included in the Group's systems through rating and scoring systems or macroeconomic scenarios, so the quantitative analysis covers the majority of circumstances. The Group uses additional qualitative criteria to identify significant increase in credit risk and thus, to include circumstances that are not reflected in the rating/score systems or macroeconomic scenarios used. Such qualitative criteria are the following: a. More than 30 days past due. According to IFRS 9, default of more than 30 days is a presumption that can be rebutted in those cases in which the entity considers, based on reasonable and documented information, that such non-payment does not represent a significant increase in risk. As of December 31, 2023, the Group has not considered periods higher than 30 days. b. Watch List: They are subject to special watch by the Risk units because they show negative signs in their credit quality, even though there may be no objective evidence of impairment. c. Refinance or restructuring that does not show evidence of impairment, or that, having been previously identified, the existence of significant increase in credit risk may still exist. Although the standard introduces a series of operational simplifications, also known as practical solutions, for analyzing the increase in significant risk, the Group does not use them as a general rule. However, for high-quality assets, mainly related to certain government institutions and bodies, the standard allows for considering that their credit risk has not increased significantly because they have a low credit risk at the presentation date. This possibility is limited to those financial instruments that are classified as having high credit quality and high liquidity to comply with the liquidity coverage ratio (hereinafter, "LCR"). This does not prevent these assets from being assigned the credit risk coverage that corresponds to their classification as stage 1 based on their credit rating and macroeconomic expectations.
Accounting policy for Transfers and derecognition of financial assets and liabilities [Text Block]	Transfers and derecognition of financial assets and liabilities The accounting treatment of transfers of financial assets is determined by the form in which risks and benefits associated with the financial assets involved are transferred to third parties. Financial assets are only derecognized from the consolidated balance sheet when the cash flows that they generate are extinguished, when their implicit risks and benefits have been substantially transferred to third parties or when the control of financial asset is transferred even in case of no physical transfer or substantial retention of such assets. In the latter case, the financial asset transferred is derecognized from the consolidated balance sheet, and any right or obligation retained or created as a result of the transfer is simultaneously recognized. Similarly, financial liabilities are derecognized from the consolidated balance sheet only if their obligations are extinguished or acquired (with a view to subsequent cancellation or renewed placement). The Group is considered to have transferred substantially all the risks and benefits if such risks and benefits account for the majority of the risks and benefits involved in ownership of the transferred financial assets. Treatment of securitizations The securitizations funds to which the Group entities transfer their credit portfolios are consolidated entities of the Group. For more information, refer to Note 2.1 “Principles of consolidation”. The Group considers that the risks and benefits of the securitizations are substantially retained if the subordinated bonds are held and/ or if subordination funding has been granted to those securitization funds, which means that the credit loss risk of the securitized assets will be assumed. Consequently, the Group is not derecognizing those transferred loan portfolios. Synthetic securitizations are transactions where risk is transferred through derivatives or financial guarantees and in which the exposure of these securitizations remains in the balance sheet of the Group. The Group has established the synthetic securitizations through received financial guarantees. As for the commissions paid, they are accrued during the term of the financial guarantee.
Accounting policy for Financial guarantees [Text Block]	Financial guarantees Financial guarantees are considered to be those contracts that require their issuer to make specific payments to reimburse the holder of the financial guarantee for a loss incurred when a specific borrower breaches its payment obligations on the terms – whether original or subsequently modified – of a debt instrument, irrespective of the legal form it may take. Financial guarantees may take the form of a deposit, bank guarantee, insurance contract or credit derivative, among others. In their initial recognition, financial guarantees are recognized as liabilities in the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and the Group simultaneously recognizes a corresponding asset in the consolidated balance sheet for the amount of the fees and commissions received at the inception of the transactions and the amounts receivable at the present value of the fees, commissions and interest outstanding. Financial guarantees, irrespective of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required for them. The credit risk is determined by application of criteria similar to those established for quantifying loss allowances on debt instruments measured at amortized cost (see Note 2.2.1). The provisions recognized for financial guarantees are recognized under the heading “Provisions - Provisions for contingent risks and commitments” on the liability side in the consolidated balance sheets (see Note 24). These provisions are recognized and reversed with a charge or credit, respectively to “Provisions or reversal of provision” in the consolidated income statements (see Note 46). Income from financial guarantees is recorded under the heading “Fee and commission income” in the consolidated income statement and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee (see Note 40). Synthetic securitizations made by the Group to date meet the requirements of the accounting regulations for accounting as guarantees.
Accounting policy for property plant and equipment [Policy Text Block]	Tangible Assets Tangible assets are classified according to their nature: – Property, plant and equipment for own use This heading includes the assets under ownership or acquired under lease terms (right to use), intended for future or current use by the Group and that it expects to hold for more than one year. It also includes tangible assets received by the Group in full or partial settlement of receivables from third parties which are expected to be held for continuing use. – Investment properties Includes the value of land, buildings and other structures that are held either for rental or for capital gain on sale, and which are not expected to be used in the ordinary course of business and are not intended for own use. – Assets leased out under an operating lease Includes assets for which the Group has granted the right of use to another company through an operating lease contract. In general, and as an accounting policy option, tangible assets are recorded in the balance sheets under the cost model, i.e., at acquisition cost, less the related accumulated depreciation and, if applicable, the estimated impairment losses resulting from comparing the net book value of each item with its corresponding recoverable value (see Note 17). The Group uses the straight-line method to calculate depreciation over the estimated useful life of the asset. The depreciation charge for tangible assets is recorded under "Depreciation and amortization" in the income statement (see Note 45) and is the result of using the following depreciation rates: General depreciation rates for tangible assets Type of assets Annual Percentage Buildings for own use 1% - 4% Furniture 8% - 10% Fixtures 6% - 12% Office supplies and hardware 8% - 25% Lease use rights The lesser of the lease term or the useful life of the underlying asset At each reporting date, the Group analyzes whether there are indicators that a tangible asset may be impaired and, if any, adjusts the carrying amount to its recoverable amount, modifying future depreciation charges in accordance with its revised remaining useful life. Similarly, if there is indication that the value of a tangible asset that was previously impaired has been recovered, the Group estimates the recoverable amount of the asset and recognizes in the income statement the reversal of the impairment loss recognized in previous years and thus, adjusts the future depreciation charges. Any impairment or reversal of impairment will be recognized with the offsetting entry recorded to the heading “Impairment or reversal of impairment of non-financial assets - Intangible assets” of the consolidated income statement (see Note 49). In the BBVA Group, most of the buildings held for own use are assigned to the different Cash Generating Units (hereinafter, "CGUs") to which they belong. The corresponding impairment analyses are performed for these CGUs to determine whether sufficient cash flows are generated to support the value of the assets comprised therein. Operating and maintenance expenses relating to tangible assets for own use are recognized in the year in which they are incurred under "Administrative expenses - Property, plant and equipment" in the income statement (see Note 44.2). Additionally, for those geographical areas with subsidiaries where the Group applies IAS 29 "Financial Reporting in Hyperinflationary Economies", this type of asset is adjusted, at each balance sheet date, to show variations in the purchasing power of the currency due to inflation from the date of acquisition or inclusion in the consolidated balance sheet (see Note 2.2.18).
Accounting policy for leases [Policy Text Block]	Leases In general, the Group will record assets and liabilities for lease contracts by recording a right of use (right to use the leased asset) under ''Tangible assets - Property, plant and equipment'' and ''Tangible assets - Investment property'' (see Note 17), and a lease liability (its obligation to make lease payments) under ''Financial liabilities at amortized cost - Other financial liabilities'' (see Note 22.5). The BBVA Group applies two exceptions in the case of short-term leases and leases whose underlying asset is of low value. In these cases, lease payments are recognized under "Other operating expense" (see Note 42) in the consolidated income statement over the term of the lease. At the initial date of the lease, the lease liability is equal to the present value of all lease unpaid payments. Subsequently, it is valued at amortized cost. The right to use assets is initially recorded at cost and is subsequently reduced by accumulated amortization and accumulated impairment. The Group has decided to calculate depreciation using the straight-line method. Depreciation of tangible assets is recorded under "Depreciation and amortization" in the consolidated statement of income (see Note 45). The interest expense on the lease liability is recorded under the heading “Interest expense” (see Note 37.2). Variable payments not included in the initial measurement of the lease liability are recorded under the heading “Administration costs – Other administrative expense” (see Note 44.2). Operating lease and sublease incomes are recognized in the consolidated income statements under the headings “Other operating income” (see Note 42). On the other hand, when the Group acts as a lessor, it classifies leases as finance or operating leases. In finance leases, the sum of the present values of the amounts received plus the guaranteed residual value is recorded as financing provided to third parties and is included under "Financial assets at amortized cost" in the consolidated balance sheet (see Note 14). In operating leases, the acquisition cost of the leased assets is presented under "Tangible assets - Property, plant and equipment - Assigned under operating leases" in the consolidated balance sheet (see Note 17). These assets are depreciated in accordance with the policies adopted for similar tangible assets for own use and the income and expenses arising from the lease contracts are recognized in the consolidated income statement on a straight-line basis under "Other operating income" and "Other operating expense", respectively (see Note 42). If a fair value sale and leaseback results in a lease, the profit or loss generated from the effectively transferred part of the sale is recognized in the consolidated income statement at the time of sale (only for the effectively transmitted part). The assets leased out under operating lease contracts to other entities in the Group are treated in the consolidated financial statements as for own use, and thus rental expense and income is eliminated in consolidation and the corresponding depreciation is recognized. Additionally, for those geographical areas with subsidiaries where the Group applies IAS 29 "Financial Reporting in Hyperinflationary Economies", this type of asset is being adjusted to show changes in the purchasing power of the currency due to inflation from the date of acquisition or inclusion in the consolidated balance sheet (see Note 2.2.18).
Accounting policy for Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale [Text Block]	Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale This heading includes the carrying amount of individual items or items integrated in a group ("disposal group") or that form part of a significant business line or geographical area that is intended to be disposed of (“discontinued operation”) whose sale is highly probable to take place under the current conditions within a period of one year from the date to which the financial statements refer. Additionally, it includes assets that were expected to be disposed of within one year, but for which disposal there is a delay caused by events and circumstances beyond the Group's control, and there is sufficient evidence that the Group remains committed to its plan for sale (see Note 21), in particular, regarding real estate assets or other assets received to cancel, in whole or in part, the payment obligations of debtors for credit operations. These assets are not amortized as long as they remain in this category. With respect to valuation, in general, foreclosed real estate assets or assets received in payment of debts are recognized both at the date of acquisition and subsequently, at the lower of their fair value less estimated costs to sell and their carrying amount, with the possibility of recognizing an impairment or reversal of impairment for the difference, if applicable. When the amount of the sale less estimated costs to sell exceeds the carrying amount, the gain is not recognized until the time of disposal and derecognition. The applicable carrying value of the financial asset is updated at the time of foreclosure, treating the foreclosed property as collateral and taking into account the corresponding credit risk hedges at the time prior to delivery. The fair value of foreclosed assets is based mainly on appraisals or valuations performed by independent experts with a maximum age of one year, or less if there are indications of impairment; in addition, by appraisal, the need to apply a discount on the asset based on its specific conditions or market conditions for such type of assets is evaluated and in any case, the entity’s estimated sale costs are deducted. Gains/losses on disposal of these assets and impairment losses are recognized under "Gains (losses) on non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations" in the consolidated income statement (see Note 50). Other income and expenses are classified in the income statement items according to their nature. The income and expenses of discontinued operations generated in the year, even if they were generated prior to their classification as discontinued operations, are presented, net of the tax effect, as a single amount under "Profit (loss) after tax from discontinued operations" in the consolidated income statement. This caption also includes the results obtained on disposal (net of the tax effect). Additionally, for those geographical areas with subsidiaries where the Group applies IAS 29 "Financial Reporting in Hyperinflationary Economies", this type of assets is being adjusted to show changes in the purchasing power of the currency due to inflation from the date of acquisition or inclusion in the consolidated balance sheet (see Note 2.2.18).
Accounting policies for intangible assets and goodwill [Policy Text Block]	Intangible assets Goodwill Goodwill represents the advance payment made by the entity for future economic benefits, from assets that have not been individually identified nor separately recognized in a business combination. Goodwill is allocated to one or more cash-generating units (CGUs) that are expected to be the beneficiaries of the synergies derived from the business combinations. CGUs represent the smallest identifiable groups of assets that generate cash flows for the Group. Goodwill is not amortized and is periodically tested for impairment (see Note 18), comparing the carrying amount of that CGU - adjusted by the amount of goodwill attributable to minority interests, in the event that the Group has not chosen to measure minority interests at fair value, with its recoverable amount. The recoverable amount of a CGU is equal to the fair value less sale costs or its value in use, whichever is greater. Value in use is calculated as the discounted value of the cash flow projections that the unit’s management estimates and is based on the latest budgets approved for the coming years. The main assumptions used in its calculation are: a growth rate to extrapolate the cash flows indefinitely, and the discount rate used to discount the cash flows, which is equal to the cost of the capital assigned to each CGU, and equivalent to the sum of the risk-free rate plus a risk premium inherent to the CGU being evaluated for impairment. If the carrying amount of the CGU exceeds the related recoverable amount, the Group recognizes an impairment loss. Impairment losses on goodwill are recorded under "Impairment or reversal of impairment of non-financial assets - Intangible assets" (see Note 49). Other intangible assets These assets may have an indefinite useful life if it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash flows for the consolidated entities. In all other cases they have a finite useful life (see Note 18.2). Intangible assets with indefinite useful lives are not amortized but are tested for impairment at least annually. Intangible assets with a finite useful life are amortized according to the duration of this useful life, using methods similar to those used to depreciate tangible assets. Finite useful life intangible assets consist mainly of IT applications acquisition costs which have a useful life, in general, of 5 years. Internally developed software is recognized as an intangible asset when, among other requirements, it has the capacity to be used or sold, it is identifiable and its capacity to generate economic benefits in the future can be demonstrated. The amortization charge of these assets is recognized in the consolidated income statements under the heading "Depreciation and amortization" (see Note 45). Any impairment losses on the carrying amount of these assets will be recognized under the heading “Impairment or reversal of impairment on non-financial assets- Intangible assets” in the consolidated income statements (see Note 49). The criteria used to recognize the impairment losses on these assets and, where applicable, the recovery of impairment losses recognized in prior years, are similar to those used for tangible assets. Additionally, for those geographical areas with subsidiaries where the Group applies IAS 29 "Financial Reporting in Hyperinflationary Economies", this type of asset is being adjusted to show changes in the purchasing power of the currency due to inflation from the date of acquisition or inclusion in the consolidated balance sheet (see Note 2.2.18).
Accounting policy for intangible assets other than goodwill [Policy Text Block]	Other intangible assets These assets may have an indefinite useful life if it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash flows for the consolidated entities. In all other cases they have a finite useful life (see Note 18.2). Intangible assets with indefinite useful lives are not amortized but are tested for impairment at least annually. Intangible assets with a finite useful life are amortized according to the duration of this useful life, using methods similar to those used to depreciate tangible assets. Finite useful life intangible assets consist mainly of IT applications acquisition costs which have a useful life, in general, of 5 years. Internally developed software is recognized as an intangible asset when, among other requirements, it has the capacity to be used or sold, it is identifiable and its capacity to generate economic benefits in the future can be demonstrated. The amortization charge of these assets is recognized in the consolidated income statements under the heading "Depreciation and amortization" (see Note 45). Any impairment losses on the carrying amount of these assets will be recognized under the heading “Impairment or reversal of impairment on non-financial assets- Intangible assets” in the consolidated income statements (see Note 49). The criteria used to recognize the impairment losses on these assets and, where applicable, the recovery of impairment losses recognized in prior years, are similar to those used for tangible assets. Additionally, for those geographical areas with subsidiaries where the Group applies IAS 29 "Financial Reporting in Hyperinflationary Economies", this type of asset is being adjusted to show changes in the purchasing power of the currency due to inflation from the date of acquisition or inclusion in the consolidated balance sheet (see Note 2.2.18).
Accounting policy for goodwill [Policy Text Block]	Goodwill Goodwill represents the advance payment made by the entity for future economic benefits, from assets that have not been individually identified nor separately recognized in a business combination. Goodwill is allocated to one or more cash-generating units (CGUs) that are expected to be the beneficiaries of the synergies derived from the business combinations. CGUs represent the smallest identifiable groups of assets that generate cash flows for the Group. Goodwill is not amortized and is periodically tested for impairment (see Note 18), comparing the carrying amount of that CGU - adjusted by the amount of goodwill attributable to minority interests, in the event that the Group has not chosen to measure minority interests at fair value, with its recoverable amount. The recoverable amount of a CGU is equal to the fair value less sale costs or its value in use, whichever is greater. Value in use is calculated as the discounted value of the cash flow projections that the unit’s management estimates and is based on the latest budgets approved for the coming years. The main assumptions used in its calculation are: a growth rate to extrapolate the cash flows indefinitely, and the discount rate used to discount the cash flows, which is equal to the cost of the capital assigned to each CGU, and equivalent to the sum of the risk-free rate plus a risk premium inherent to the CGU being evaluated for impairment. If the carrying amount of the CGU exceeds the related recoverable amount, the Group recognizes an impairment loss.
Accounting policy for insurance contracts [Policy Text Block]	Insurance and reinsurance contracts Assets and liabilities under insurance and reinsurance contracts under IFRS 17 applicable to 2023 and 2022 The initial application date of IFRS 17 by the BBVA Group was January 1, 2023 and it has been applied to the year ended December 31, 2023, with a transition date of January 1, 2022. IFRS 17 superseded IFRS 4 as the accounting standard applicable to the recognition, measurement and presentation of contracts that transfer significant insurance risk, with one year of comparative information, that is, for the BBVA Group, from January 1, 2022 to December 31, 2022 has been restated accordingly (see Note 2.3 and Appendix X). The assets and liabilities of the BBVA Group’s insurance subsidiaries are recognized according to their nature under the corresponding headings of the consolidated balance sheet. The heading “Insurance and reinsurance assets” in the consolidated balance sheets includes the amounts that the consolidated insurance subsidiaries are entitled to receive under the reinsurance contracts entered into by them with third parties and, more specifically, the value of reinsurance covers in respect of the insurance liabilities recognized by the consolidated subsidiaries. The heading “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets includes the liabilities recognized due to insurance contracts recorded by the consolidated subsidiaries in accordance with IFRS 17 (see Note 23). The income or expense reported by the BBVA Group’s consolidated insurance subsidiaries on their insurance activities is recognized, in accordance with their nature, in the corresponding items of the consolidated income statements. Definition, grouping and classification The Group evaluates whether a significant insurance risk from a third party is being accepted in its contracts, when agreeing to compensate the policyholder if a specified uncertain future event adversely affects the policyholder. Thus, it identifies those insurance contracts that fall within IFRS 17. This evaluation was already carried out by the Group under IFRS 4 for the classification of its contracts between insurance contracts and financial liabilities. The BBVA Group groups insurance contracts considering the following aspects: – whether they are subject to similar risks and are managed jointly, separating as well direct insurance and reinsurance contracts. – their profitability or onerousness (in general, the Group classifies contracts by their profitability into two groups: onerous contracts, and non-onerous contracts or contracts without a significant possibility of becoming onerous) 1 . – and their year of issuance or cohort, grouping by this last criterion the contracts issued in the calendar year, i.e., between January 1 and December 31 of each year. Since the Group has chosen the fair value transition approach, for long-term contracts (mainly life-risk and life-saving insurance) issued prior to the transition date of January 1, 2022 (see Note 2.3), it has not been necessary to aggregate the contracts by previous cohorts. For contracts issued after the transition date, the Group classifies them by year of issuance, and therefore, the Group has not accepted the exception provided for in the adoption of the standard by the European Union on annual cohorts in products with matched cash flows 2 . The Group has applied the analysis on the separation of non-insurance components only to insurance contracts falling under the scope of IFRS 17, with the entities identifying within their portfolios the existence of non-insurance components, and concluding based on expert judgment whether or not they need to separate them. In the case of non-separable investment components, they are included in the asset or liability, as appropriate, but are excluded from insurance income or expenses in the income statement. The initial recognition date has been established as the earliest of: the beginning of the coverage period of the group of contracts, the date when the first payment from an insurance policyholder in the group became due, or in the case of a group of onerous contracts, when the group becomes onerous. From that date, the insurance and reinsurance contracts have been reflected in the consolidated financial statements and valued in accordance with the provisions of IFRS 17. The Group derecognizes insurance contracts when the contract expires, that is, upon expiration of the contract or upon settlement of all the benefits of the contract or upon its cancellation; or when a modification is made to the terms of the contract that gives rise to derecognition. Valuation methods The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, applying the General Model (Building Block Approach) by default to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Fee Approach . The General Model requires that insurance contracts be initially valued for the total of: – fulfillment cash flows, which comprise the estimation of future cash flows discounted to reflect the time value of money, the financial risk associated, and a risk adjustment for non-financial risk that would represent the compensation required for the uncertainty associated with the amount and timing of the expected cash flows; – and the contractual service margin (CSM), which represents the expected unearned profit from insurance contracts, which will be recognized in the entity’s income statement as the service is provided in the future, instead of being recognized at the time of the estimation. Subsequently, the amount recognized in the consolidated balance sheet for each group of insurance contracts measured under this model comprises the liability for remaining coverage, which includes the aforementioned fulfillment cash flows and the contractual service margin, and the liability for incurred claims, which includes the cash flows from related to claims that have occurred, but have not been paid, discounted to reflect the time value of money, the financial risk associated with future cash flows, and a risk adjustment for non-financial risk that would represent the compensation required by the uncertainty associated with the amount and timing of the expected cash flows. The Group uses the General Model for the valuation of liabilities under insurance and reinsurance contracts that correspond to long-term commitments, a portfolio that represents the majority of what is recorded in the balance sheet. The Group used the Simplified Model in the valuation of the liability for remaining coverage of contracts with a coverage period of one year or less, or in those contracts with a duration of more than one year but which are not expected to have a valuation significantly different from that of the General Model. Under this Simplified Model, the liability for remaining coverage is made up of the premiums received (collected), less the cash flows for the acquisition of the insurance paid, plus or minus the premiums or expected acquisition cash flows recorded in the income statement, respectively. The income statement recording is carried out on a linear basis throughout the coverage period of the contract, in the event that the accrual of income is also accrued. By default, the Group has chosen to defer acquisition expenses, although there is an option to recognize such expenses when they are incurred. In turn, the groups of contracts valued under this model have a liability for incurred claims calculated in a manner similar to that of the General Model. The Group has valued direct insurance contracts whose coverage period is less than one year, using the Simplified Model, the same method used for the valuation of assets for the reinsurance ceded. This model has also been used by the Group when the valuation under this Simplified Model does not differ significantly from that which would be produced by applying the General Model. The amount of the contracts valued following the Variable Fee Approach is residual in the Group. The BBVA Group has defined and identified for each group of contracts the hedging units to be used for the release to profit or loss of the contractual service margin, in accordance with IFRS 17, and subsequent interpretations issued by the Transition Resource Group for IFRS 17 and the IFRIC. The adjustments made to the contractual service margin in the subsequent measurement are those established in paragraph 44 of IFRS 17. Furthermore, the Group has chosen the accounting policy option of not changing the treatment of accounting estimates made in previous interim closings. Discount rate The methodology used to obtain the discount rate differs according to the entity and portfolio to which it is applied, highlighting mainly the cases of the companies in Spain and Mexico, where the Group has greater presence (see Note 23). In the first case, the top-down approach has been mainly applied and it has been verified that the Internal Rate of Return (hereinafter “IRR”) of the entity’s asset portfolio converges with the IRR of a reference portfolio from which the European Insurance and Occupational Pensions Authority (hereinafter “EIOPA”) fundamental spread is discounted for. In the second case, the top-down approach has been used for immunized portfolios (see Glossary), eliminating the spread for credit risk through the EIOPA fundamental spread. However, in non-immunized portfolios, the bottom-up approach has been used, using the swap curve as the risk-free rate. Risk adjustment for non-financial risk The risk adjustment for non-financial risk represents the compensation required for bearing uncertainty about the amount and timing of the associated cash flows. To estimate the non-financial risk adjustment, the Group has used its own methodologies based on calculations of the Value at Risk (VaR) of the commitments associated with the Life and Non-Life businesses, using in the case of Spain a confidence level of 80% and in the case of Mexico 70%. Onerosity An insurance contract is onerous at the date of initial recognition if the fulfilment cash flows allocated to the contract, any previously recognized insurance acquisition cash flows and any cash flows arising from the contract at the date of initial recognition in total are a net outflow. The Group has classified the contracts valued under the General Model into onerous groups, considering the fulfillment cash flows, acquisition expenses and any other attributable cash flow. The evaluation is carried out, in general terms, contract by contract, except in those cases where it is possible to group into sets of homogeneous contracts. Contracts valued under the Simplified Model, by default, are assumed to be non-onerous at their initial recognition, unless there are facts and circumstances that indicate otherwise, where the Group relies on information from existing internal reports (ratios and indicators) for monitoring business performance, adjusted to the criteria of IFRS 17, as well as market evolution expectations based on expert judgment. The granularity to carry out this evaluation may be the same as that used to monitor the business through the abovementioned internal reports. In the same way as the contractual service margin represents the estimated future benefit of the insurance contract, the loss component is the estimated loss of the onerous contract. The accounting record of these two concepts has a different temporality: while the margin is deferred throughout the duration of the contract according to the contractual limits, the loss component is recognized in the income statement as soon as it is known, which will result in the carrying amount of the group's liability being equal to the fulfilment cash flows and the group's contractual service margin being equal to zero. Throughout the life of a contract, the assumptions used to project future cash flows may change and, consequently, the expected return on a contract may increase or decrease. This means that a group of contracts initially classified as onerous may become more onerous, or on the contrary, in the subsequent measurement the assumptions used to estimate the cash flows may change so much that the previously recognized loss could be reversed. Reinsurance In general, the Group values reinsurance covers under the Simplified Model, valuing the asset for remaining coverage of contracts with a coverage period of one year or less, or in those contracts with a duration of more than one year, but which are not expected to produce a valuation significantly different from that of the General Model. This method also includes the asset for incurred claims. Effect on results In general, for the presentation of the financial income or expenses from insurance contracts that arise as a result of the change in the discount rate, both due to the effect of the time value of money as well as the effect of financial risk, the Group has chosen the accounting policy option of disaggregating these financial income or expenses from insurance contracts between recording them in the "Net interest income" and in "Accumulated other comprehensive income (loss)", in order to minimize accounting asymmetries in the valuation and recognition of financial investments under IFRS 9 and insurance contracts under IFRS 17. The Group has chosen to disaggregate the changes in the risk adjustment between financial and non-financial, so that the change in the value of the risk adjustment derived from the effect of the time value of money, and changes in it, is recorded as a financial income or expense from insurance contracts. Insurance revenue is recognized over the period the entity provides insurance coverage, excluding any investment component. The loss component, in the case of onerous contracts, corresponds to the losses attributable to each group of contracts, both at initial recognition and at a later time. Assets and liabilities under insurance and reinsurance contracts under IFRS 4 applicable to 2021 Information as of and for the year ended December 31, 2021 is presented following the policies and valuation criteria established by IFRS 4, which was applicable as of December 31, 2021. Pursuant to IFRS 4, the consolidated insurance entities of the BBVA Group recognized the amounts of the premiums written and a charge for the estimated cost of the claims that would be incurred at their final settlement to their consolidated income statements. At the close of the year, the amounts collected and unearned, as well as the costs incurred and unpaid, were accrued. The most significant provisions recorded by consolidated insurance entities with respect to insurance policies issued by them, according to the type of product, could be as follows: – Life insurance provision: Represents the value of the net obligations undertaken with the life insurance policyholder. These provisions include: Provisions for unearned premiums and mathematical reserves. – Non-life insurance provision: Includes provisions for unearned premiums and provisions for unexpired risks. – Provision for claims: This reflects the total amount of the outstanding obligations arising from claims incurred prior to year-end. The provision is equivalent to the difference between the total estimated or certain cost of the claims not yet reported, settled or paid, and the total amounts already paid in relation to such claims. – Provision for bonuses and rebates: This provision includes the amount of the bonuses accruing to policyholders, insurees or beneficiaries and the premiums to be returned to policyholders or insurees, as the case may be, based on the behavior of the risk insured, to the extent that such amounts have not been individually assigned to each of them. – Technical provisions for reinsurance cover: Calculated by applying the criteria indicated above for direct insurance, taking account of the assignment conditions established in the open reinsurance contracts. – Other technical provisions: These are provisions to cover the probable mismatches in the market reinvestment interest rates with respect to those used in the valuation of the technical provisions.
Accounting policy for income tax explanatory [Policy Text Block]	Tax assets and liabilities Expenses on corporate income tax applicable to the BBVA Group’s Spanish entities and on similar income taxes applicable to consolidated foreign entities are recognized as an expense for the period in the consolidated income statement, except when they result from transactions on which the profits or losses are recognized directly in equity, in which case the related tax effect is also recognized in equity. The total corporate income tax expense is calculated by aggregating the current tax arising from the application of the corresponding tax rate as per the tax base for the year (after deducting the tax credits or discounts allowable for tax purposes) and the change in deferred tax assets and liabilities recognized in the consolidated income statement.
Accounting policy for deferred income tax [Policy Text Block]	Deferred tax assets and liabilities include temporary differences, the carryforward of unused tax losses and carryforward of unused tax credits or discount carry forwards. These amounts are calculated by applying to each temporary difference the tax rates that are expected to apply when the asset is realized or the liability settled (see Note 19). The "Tax Assets" line item in the consolidated balance sheets includes the amount of all the assets of a tax nature, broken down into: "Current” (amounts of tax recoverable in the next twelve months) and "Deferred" (which includes the amount of tax to be recovered in future years, including those arising from tax losses or credits for deductions or rebates that can be compensated). The "Tax Liabilities" line item in the consolidated balance sheets includes the amount of all the liabilities of a tax nature, except for provisions for taxes, broken down into: "Current” (income tax payable on taxable profit for the year and other taxes payable in the next twelve months) and "Deferred" (the amount of corporate tax payable in subsequent years). Deferred tax liabilities attributable to taxable temporary differences associated with investments in subsidiaries, associates or joint venture entities are recognized as such, except where the Group can control the timing of the reversal of the temporary difference and it is unlikely that it will reverse in the future. Deferred tax assets are only recognized to the extent that it is probable that the consolidated entities will generate enough taxable profits to make deferred tax assets effective and do not correspond to those from initial recognition (except in the case of business combinations), which also does not affect the fiscal outcome. The deferred tax assets and liabilities recognized are reassessed by the consolidated entities at each balance sheet date in order to ascertain whether they still qualify as deferred tax assets and liabilities, and if it is necessary to make adjustments on the basis of the findings of the analyses performed. In those circumstances in which it is unclear how a specific requirement of the tax law applies to a particular transaction or circumstance, and the acceptability of the definitive tax treatment depends on the decisions taken by the relevant taxation authority in future, the entity recognizes current and deferred tax liabilities and assets considering whether it is probable or not that a taxation authority will accept an uncertain tax treatment. Thus, if the entity concludes that it is not probable that the taxation authority will accept an uncertain tax treatment, the entity uses the amount expected to be paid to (recovered from) the taxation authorities.
Accounting policy for taxes other than income tax [Policy Text Block]	The income and expense directly recognized in consolidated equity that do not increase or decrease taxable income are accounted for as temporary differences.
Accounting policy for provisions [Policy Text Block]	Provisions, contingent assets and contingent liabilities The heading “Provisions” in the consolidated balance sheets includes amounts recognized to cover the BBVA Group’s current obligations arising as a result of past events. These are certain in terms of nature but uncertain in terms of amount and/or settlement date. The settlement of these obligations is deemed likely to entail an outflow of resources embodying economic benefits (see Note 24). The provisions are recognized in the consolidated balance sheets when each and every one of the following requirements is met: – They represent a current obligation that has arisen from a past event. At the date of the Consolidated Financial Statements, there is more probability that the obligation will have to be met than that it will not. – It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation. – The amount of the obligation can be reasonably estimated. Among other items, these provisions include the commitments made to employees by some of the Group entities mentioned in Note 2.2.13, as well as provisions for tax and legal litigation. Contingent assets are possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of events beyond the control of the Group. Contingent assets are not recognized in the consolidated balance sheet or in the consolidated income statement; however, they will be disclosed, should they exist, in the Notes to the Consolidated Financial Statements, provided that it is probable they will give rise to an increase in resources embodying economic benefits (see Note 34). Contingent liabilities are possible obligations of the Group that arise from past events and whose existence is conditional on the occurrence or non-occurrence of one or more future events beyond the control of the Group. They also include the existing obligations of the Group when it is not probable that an outflow of resources embodying economic benefits will be required to settle them; or when, in extremely rare cases, their amount cannot be measured with sufficient reliability. Contingent liabilities are not recognized in the consolidated balance sheet or the income statement (excluding contingent liabilities from business combinations) but are disclosed in the Notes to the Consolidated Financial Statements, unless the possibility of an outflow of resources embodying economic benefits is remote (see Note 34).
Accounting policy for treasury shares [Policy Text Block]	Treasury shares The value of common stock issued by the BBVA Group’s entities and held by them - basically, shares and derivatives on the Bank’s shares held by some consolidated entities that comply with the requirements to be recognized as equity instruments - are recognized as a decrease to net equity, under the heading "Shareholders’ funds - Treasury shares" in the consolidated balance sheets (see Note 29). These financial assets are recognized at acquisition cost, and the gains or losses arising on their disposal are credited or debited, as appropriate, to the heading “Shareholders’ funds - Retained earnings” in the consolidated balance sheets (see Note 28). In the event of a contractual obligation to acquire treasury shares, a financial liability is recorded as the present value of the amount committed (under the heading "Financial liabilities at amortized cost - Other financial liabilities") and the corresponding recognition in net equity (under the heading “Equity - Other Reserves) (see Notes 22.5 and 28).
Accounting policy for share based payment transactions [Policy Text Block]	Equity-settled share-based payment transactions Equity–settled share-based payment transactions, provided they constitute the delivery of such equity instruments once completion of a specific period of services has occurred, are recognized as an expense for services being provided by employees, with a corresponding entry under the heading “Shareholders’ funds – Other equity” in the consolidated balance sheet. These services are measured at fair value for the employees services received, unless such fair value cannot be calculated reliably. In such case, they are measured by reference to the fair value of the equity instruments granted, taking into account the date on which the commitments were granted and the terms and other conditions included in the commitments. When the initial compensation agreement includes what may be considered market conditions among its terms, any changes in these conditions will not be reflected in the consolidated income statement, as these have already been accounted for in calculating the initial fair value of the equity instruments. Non-market vesting conditions are not taken into account when estimating the initial fair value of equity instruments, but they are taken into account when determining the number of equity instruments to be issued. This will be recognized on the consolidated income statement with the corresponding increase in total consolidated equity.
Accounting policy for employee benefits [Policy Text Block]	Pensions and other post-employment commitments Below we provide a description of the most significant accounting policies relating to post-employment and other employee benefit commitments assumed by BBVA Group entities (see Note 25). Short-term employee benefits Benefits for current active employees which are accrued and settled during the year and for which a provision is not required in the entity´s accounts. These include wages and salaries, social security charges and other personnel expense. Costs are charged and recognized under the heading “Administration costs – Personnel expense – Other personnel expense” of the consolidated income statement (see Note 44.1). Post-employment benefits – Defined-contribution plans The Group sponsors defined-contribution plans for the majority of its active employees. The amount of these benefits is established as a percentage of remuneration and/or as a fixed amount. The contributions made to these plans in each year by BBVA Group entities are charged and recognized under the heading “Administration costs – Personnel expense– Defined-contribution plan expense” of the consolidated income statement (see Note 44.1). Post-employment benefits – Defined-benefit plans Some Group entities maintain pension commitments with employees who have already retired or taken early retirement, certain closed groups of active employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. These commitments are covered by insurance contracts, pension funds and internal provisions. In addition, some of the Spanish Group entities have offered certain employees the option to retire before their normal retirement age, recognizing the necessary provisions to cover the costs of the associated benefit commitments, which include both the liability for the benefit payments due as well as the contributions payable to external pension funds during the early retirement period. Furthermore, certain Group entities provide welfare and medical benefits which extend beyond the date of retirement of the employees entitled to the benefits. All of these commitments are quantified based on actuarial valuations, with the amounts recorded under the heading “Provisions – Provisions for pensions and similar obligations” in the consolidated balance sheet and determined as the difference between the value of the defined-benefit commitments and the fair value of plan assets at the date of the consolidated financial statements (see Note 25). Current service cost is charged and recognized under the heading “Administration costs – Personnel expense – Defined-benefit plan expense” of the consolidated income statement (see Note 44.1). Interest credits/charges relating to these commitments are charged and recognized in net terms under the headings “Interest and other income” or, where appropriated, “Interest expense” of the consolidated income statement (see Note 37). Past service costs arising from benefit plan changes as well as early retirements granted during the year are recognized under the heading “Provisions or reversals of provisions” of the consolidated income statement (see Note 46). Other long-term employee benefits In addition to the above commitments, certain Group entities provide long-term service awards to their employees, consisting mainly of monetary amounts or periods of vacation granted upon completion of a number of years of qualifying service. This heading also includes the commitments related to the termination of employment contracts according to the collective layoff procedure carried out in BBVA, S.A. in 2021. These commitments are quantified based on actuarial valuations and the amounts recorded under the heading “Provisions – Other long-term employee benefits” of the consolidated balance sheet (see Note 24). Valuation of commitments: actuarial assumptions and recognition of gains/losses The present value of these commitments is determined based on individual member data. Active employee costs are determined using the “projected unit credit” method, which treats each period of service as giving rise to an additional unit of benefit and values each unit separately. In establishing the actuarial assumptions we take into account that: – They should be unbiased, i.e. neither unduly optimistic nor excessively conservative. – Each assumption does not contradict the others and adequately reflects the existing relationship between economic variables such as price inflation, expected wage increases, discount rates, etc. Future wage and benefit levels should be based on market expectations, at the balance sheet date, for the period over which the obligations are to be settled. – The interest rate used to discount benefit commitments is determined by reference to market yields, at the balance sheet date, on high quality bonds. The BBVA Group recognizes actuarial gains (losses) relating to early retirement benefits, long service awards and other similar items under the heading “Provisions or reversal of provisions” of the consolidated income statement for the period in which they arise (see Note 46). Actuarial gains (losses) relating to pension and medical benefits are directly charged and recognized under the heading "Accumulated other comprehensive income (loss) – Items that will not be reclassified to profit or loss – Actuarial gains (losses) on defined benefit pension plans" of equity in the consolidated balance sheet (see Note 30).
Accounting policy for termination benefits [Policy Text Block]	Termination benefits
Accounting policy for recognition of revenue and expenses [Policy Text Block]	Recognition of income and expense The most significant policies used by the BBVA Group to recognize its income and expense are as follows.
Accounting policy for interest income and expense [Policy Text Block]	Interest income and expense and similar items: As a general rule, interest income and expense and similar items are recognized on the basis of their accrual using the effective interest rate method. In the particular case of inflation-indexed bonds, interest income also includes the effect of real inflation experienced in the period. They shall be recognized within the consolidated income statement according to the following criteria, independently from the financial instruments’ portfolio which generates the income or expense: a. The interest income past-due before the initial recognition and pending to be received will be added to the gross carrying amount of the debt instrument. b. The interest income accrued after the initial recognition will be added to the gross carrying amount of the debt instrument until it will be received. In the event that a debt instrument is considered impaired, interest income will be calculated by applying the effective interest rate to the amortized cost (that is, adjusting for any impairment loss) of the financial asset. – Income from dividends received: Dividends shall be recognized within the consolidated income statement according to the following criteria, independently from the financial instruments’ portfolio which generates this income: a. When the right to receive payment has been declared before the initial recognition and when the payment is pending to be received, the dividends will not be added to the gross carrying amount of the equity instrument and will not be recognized as income. Those dividends are accounted for as financial assets separately from the net equity instrument. b. If the right to receive payment is received after the initial recognition, the dividends from the net equity instruments will be recognized within the consolidated income statement at the time the right to receive them arises, which is the time of the official announcement of receipt of the payment by the appropriate governing body of the entity. If the dividends correspond to the profits of the issuer before the date of initial recognition, they will not be recognized as income but as reduction of the gross carrying amount of the equity instrument because it represents a partial recuperation of the investment. Amongst other circumstances, the generation date can be considered to be prior to the date of initial recognition if the amounts distributed by the issuer as from the initial recognition are higher than its profits during the same period.
Accounting policy for fee and commission income and expense [Policy Text Block]	Income from commissions collected/paid: Financial fees are an integral part of the actual performance of a financing transaction and are collected in advance. They can be: a. Fees charged for the origination or acquisition of financing transactions that are not measured at fair value through profit or loss, such as those charged for the evaluation of the borrower's financial condition, for the analysis and recording of various collateral, as well as those charged for negotiating the terms of transactions or preparing and processing documentation and the closing of transactions, will be deferred and recognized over the life of the transaction as an adjustment to the performance of the transaction. These fees, forming part of the effective rate of the loans, will be deferred and recognized over the life of the transaction as an adjustment to the performance of the transaction. b. Fees agreed as compensation for the commitment to grant financing when it is not measured at fair value through profit or loss and it is probable that the Group will enter into a specific loan agreement, are deferred and recognized over the life of the transaction as an adjustment to the performance of the transaction. If the commitment expires before the entity makes the loan such fee is recognized as revenue at the time of expiration. Non-financial commissions derived from the provision of financial services other than financing transactions may be: a. Related to the performance of a service rendered over time (e.g. account administration fees or fees collected in advance for the issuance or renewal of credit cards), in which case they are recognized over time based on the degree of progress in providing the service. b. Related to the performance of a service rendered at a specific time (e.g. underwriting of securities, currency exchange, advice or syndication of a loan), in which they are recognized in the income statement at the time of collection. Commissions, fees and similar items: Income and expense relating to commissions and similar fees are recognized in the consolidated income statement using criteria that vary according to the nature of such items. The most significant items in this regard are: a. Those relating to financial assets and liabilities measured at fair value through profit or loss, which are recognized immediately in the income statement. b. Those arising from transactions or services that are provided over a period of time, which are recognized over the life of these transactions or services. c. Those relating to a singular transaction, which are recognized when this singular transaction is carried out. – Deferred collections and payments: These are recognized for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.
Accounting policy for recognising difference between fair value at initial recognition and amount determined using valuation technique [Policy Text Block]	Non-financial income and expense: As a general rule, they are recognized on an accrual basis, that is, as the contractually committed goods or services are delivered or rendered and recognized as revenue over the life of the contract. In the event that consideration is received or there is a right to receive consideration without delivery of the contractually committed goods or services, a liability is recognized in the balance sheet until it is recognized in the income statement. In the case of collections and payments deferred over time, they are recognized for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.
Accounting policy for recognition of non financial services revenue [Policy Text Block]	Sales of assets and income from the provision of non-financial services The heading “Other operating income” in the consolidated income statements includes the proceeds of the sales of assets and income from the services provided by the Group entities that are not financial institutions. In the case of the Group, these entities are mainly real estate and service entities (see Note 42).
Accounting policy for functional currency balance sheet [Policy Text Block]	Foreign-currency transactions and exchange differences The currency in which the Financial Statements of the BBVA Group are presented is the euro. As such, all balances and transactions denominated in currencies other than the euro are deemed to be expressed in “foreign currency”. Conversion to euros of the balances held in foreign currency is performed in two consecutive stages: – Conversion of the foreign currency to the entity’s functional currency (currency of the main economic environment in which the entity operates); and – Conversion to euros of the balances held in the functional currencies of the entities whose functional currency is not the euro. Conversion of the foreign currency to the entity’s functional currency Transactions denominated in foreign currencies carried out by the consolidated entities (or entities accounted for using the equity method) are initially accounted for in their respective currencies. Subsequently, the monetary balances in foreign currencies are converted to their respective functional currencies using the exchange rate at the close of the financial year. In addition, – Non-monetary items valued at their historical cost are converted to the functional currency at the exchange rate applicable on the purchase date. – Non-monetary items valued at their fair value are converted at the exchange rate in force on the date on which such fair value was determined. – Monetary items are converted to the functional currency at the closing exchange rate. – Income and expense are converted at the period’s average exchange rates for all the operations carried out during the year, except in those geographical areas where IAS 29 “Financial Reporting in Hyperinflationary Economies” applies (see Note 2.2.18). When applying this criterion the BBVA Group considers whether significant variations have taken place in exchange rates during the year which, owing to their impact on the statements as a whole, may require the application of exchange rates as of the date of the transaction instead of such average exchange rates. The exchange differences produced when converting the balances in foreign currency to the functional currency of the consolidated entities are generally recognized under the heading "Exchange differences, net" in the consolidated income statements (see Note 41). However, the exchange differences in non-monetary items measured at fair value are recorded to equity under the heading “Accumulated other comprehensive income (loss) - Items that will not be reclassified to profit or loss - Fair value changes of equity instruments measured at fair value through other comprehensive income” in the consolidated balance sheets (see Note 30). Conversion of functional currencies to euros The balances in the financial statements of consolidated entities whose functional currency is not the euro are converted to euros as follows: – Assets and liabilities: at the closing spot exchange rates as of the date of each of the consolidated balance sheets. – Income and expense and cash flows are converted by applying the exchange rate applicable on the date of the transaction, and the average exchange rate for the financial year may be used, unless it has undergone significant variations during the year. – Equity items: at the historical exchange rates. The exchange differences arising from the conversion to euros of balances in the functional currencies of the consolidated entities whose functional currency is not the euro are recognized under the heading “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss - Foreign currency translation” in the consolidated balance sheets (Notes 30 and 31 respectively). Meanwhile, the differences arising from the conversion to euros of the financial statements of entities accounted for by the equity method are recognized under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Share of other recognized income and expense of investments in joint ventures and associates" (Note 30), until the item to which they relate is derecognized, at which time they are recognized in the income statement. The financial statements of companies of hyperinflationary economies are restated for the effects of changes in prices before their conversion to euros following the provisions of IAS 29 "Financial Reporting in Hyperinflationary Economies" (see Note 2.2.18). Both these adjustments for inflation and the exchange differences that arise when converting the financial statements of companies into hyperinflationary economies are accounted for in “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss - Foreign currency translation”. The breakdown of the main consolidated balances in foreign currencies, with reference to the most significant foreign currencies, is set forth in Appendix VII. Venezuela Local financial statements of the Group subsidiaries in Venezuela are expressed in Venezuelan Bolivar, and converted into euros for the consolidated financial statements. Venezuela is a country with strong exchange restrictions that has different rates officially published, and, since December 31, 2015, the Board of Directors considers that the use of these exchanges rates for converting bolivars into euros in preparing the Consolidated Financial Statements does not reflect the true picture of the financial statements of the Group and the financial position of the Group subsidiaries in this country. Therefore, since the year ended December 31, 2015, the exchange rate for converting bolivars into euros is an estimation taking into account the evolution of the estimated inflation in Venezuela.
Accounting policy for functional currency income statement [Policy Text Block]	Conversion of the foreign currency to the entity’s functional currency Transactions denominated in foreign currencies carried out by the consolidated entities (or entities accounted for using the equity method) are initially accounted for in their respective currencies. Subsequently, the monetary balances in foreign currencies are converted to their respective functional currencies using the exchange rate at the close of the financial year. In addition, – Non-monetary items valued at their historical cost are converted to the functional currency at the exchange rate applicable on the purchase date. – Non-monetary items valued at their fair value are converted at the exchange rate in force on the date on which such fair value was determined. – Monetary items are converted to the functional currency at the closing exchange rate. – Income and expense are converted at the period’s average exchange rates for all the operations carried out during the year, except in those geographical areas where IAS 29 “Financial Reporting in Hyperinflationary Economies” applies (see Note 2.2.18). When applying this criterion the BBVA Group considers whether significant variations have taken place in exchange rates during the year which, owing to their impact on the statements as a whole, may require the application of exchange rates as of the date of the transaction instead of such average exchange rates. The exchange differences produced when converting the balances in foreign currency to the functional currency of the consolidated entities are generally recognized under the heading "Exchange differences, net" in the consolidated income statements (see Note 41). However, the exchange differences in non-monetary items measured at fair value are recorded to equity under the heading “Accumulated other comprehensive income (loss) - Items that will not be reclassified to profit or loss - Fair value changes of equity instruments measured at fair value through other comprehensive income” in the consolidated balance sheets (see Note 30). Conversion of functional currencies to euros The balances in the financial statements of consolidated entities whose functional currency is not the euro are converted to euros as follows: – Assets and liabilities: at the closing spot exchange rates as of the date of each of the consolidated balance sheets. – Income and expense and cash flows are converted by applying the exchange rate applicable on the date of the transaction, and the average exchange rate for the financial year may be used, unless it has undergone significant variations during the year. – Equity items: at the historical exchange rates. The exchange differences arising from the conversion to euros of balances in the functional currencies of the consolidated entities whose functional currency is not the euro are recognized under the heading “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss - Foreign currency translation” in the consolidated balance sheets (Notes 30 and 31 respectively). Meanwhile, the differences arising from the conversion to euros of the financial statements of entities accounted for by the equity method are recognized under the heading “Accumulated other comprehensive income (loss) - Items that may be reclassified to profit or loss - Share of other recognized income and expense of investments in joint ventures and associates" (Note 30), until the item to which they relate is derecognized, at which time they are recognized in the income statement. The financial statements of companies of hyperinflationary economies are restated for the effects of changes in prices before their conversion to euros following the provisions of IAS 29 "Financial Reporting in Hyperinflationary Economies" (see Note 2.2.18). Both these adjustments for inflation and the exchange differences that arise when converting the financial statements of companies into hyperinflationary economies are accounted for in “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss - Foreign currency translation”. The breakdown of the main consolidated balances in foreign currencies, with reference to the most significant foreign currencies, is set forth in Appendix VII. Venezuela Local financial statements of the Group subsidiaries in Venezuela are expressed in Venezuelan Bolivar, and converted into euros for the consolidated financial statements. Venezuela is a country with strong exchange restrictions that has different rates officially published, and, since December 31, 2015, the Board of Directors considers that the use of these exchanges rates for converting bolivars into euros in preparing the Consolidated Financial Statements does not reflect the true picture of the financial statements of the Group and the financial position of the Group subsidiaries in this country. Therefore, since the year ended December 31, 2015, the exchange rate for converting bolivars into euros is an estimation taking into account the evolution of the estimated inflation in Venezuela.
Accounting policies for entities and branches located in countries with hiperinflationary economies [Policy Text Block]	Entities and branches located in countries with hyperinflationary economies In accordance with the criteria established in IAS 29 "Financial Reporting in Hyperinflationary Economies”, to determine whether an economy has a high inflation rate the country's economic situation is examined, analyzing whether certain circumstances are fulfilled, such as whether the population prefers to keep its wealth or savings in non-monetary assets or in a relatively stable foreign currency, whether prices can be set in that currency, whether interest rates, wages and prices are pegged to a price index or whether the accumulated inflation rate over three years approaches or exceeds 100%. The fact that any of these circumstances is fulfilled will not be a decisive factor in considering an economy hyperinflationary, but it does provide some reasons to consider it as such. Since 2009 and 2018, the economies of Venezuela and Argentina, respectively, have been considered hyperinflationary under the above criteria. As a result, the financial statements of the BBVA Group’s entities located in such geographies have, therefore, been adjusted to correct for the effects of inflation. Additionally, since the first half of 2022, Turkey's economy has been considered highly inflationary according to the aforementioned criteria. Consequently, the financial statements of the BBVA Group entities located in Turkey have also been adjusted to correct them for the effects of inflation in accordance with IAS 29 "Financial Reporting in Hyperinflationary Economies", with retrospective application from January 1, 2022. The figures for years prior to 2022 have not been modified since the Group's presentation currency is the euro. As a consequence of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies", the Group applies the following criteria in the financial statements of the Group companies that operate in these three geographies: – The historical cost of non-monetary assets and liabilities (see Notes 17, 18 and 21), assets contractually linked to changes in prices and various headings in equity are adjusted to reflect changes in the purchasing power of the currency due to inflation from their date of acquisition or inclusion in the consolidated balance sheet, or if this is later, with the limit of its recoverable value. The restatement has been made using the Consumer Price Index with "Accumulated other comprehensive income (loss)" as counterparty. – Consequently, the different lines of the income statement are adjusted by the inflation index since their inception, with a corresponding entry under the heading "Accumulated other comprehensive income (loss)". – The loss of the net monetary position, which represents the loss of purchasing power of the entity due to maintaining an excess of monetary assets not linked to inflation (mainly loans, credits and bonds) over monetary liabilities, is recorded in the line "Other operating expense" in the income statement and with a credit to "Accumulated other comprehensive income (loss)". – All the components of the financial statements of the subsidiaries are converted at the closing exchange rate, recording the conversion differences to the euro within "Accumulated other comprehensive income (loss)" as stated in IAS 21 "Effects of Changes in Foreign Exchange Rates". Turkey The combined result derived from the application of the above criteria amounts to a loss of €2,610 million in 2023, of which €2,242 million is attributable to owners of the parent (€1,793 million loss attributable to owners of the parent in 2022). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €2,118 million and is recorded in the line “Other operating expense” in the consolidated income statement (€2,323 million in 2022), partially offset by the positive impact of the revaluation of certain bonds linked to inflation, for a gross amount of €1,202 million (€1,490 million in 2022), given that, under IAS 29 "Financial Reporting in Hyperinflationary Economies", these types of bonds are considered protective assets (see Note 42). During 2023 the impact on equity of Group entities located in Turkey derived from the application of IAS 29 and the conversion to the euro (IAS 21) amounted to €-355 million, of which €-306 million have been recorded within “Equity – Accumulated other comprehensive income (loss)”, and €-49 million within “Minority interests – Accumulated other comprehensive income (loss)” (see Note 30). In 2022 the impact on equity of Group entities located in Turkey derived from the retrospective application of IAS 29 "Financial Reporting in Hyperinflationary Economies" since January 1, 2022 was an increase in equity of €130 million, mainly the result of the revaluation of tangible assets and inflation-linked bonds. According to the Turkish Statistical Institute (Turkstat), accumulated inflation in 2023 stood at 64.8% (64.3% and 36.1% in 2022 and 2021, respectively) and the exchange rate used as of December 31, 2023 was 32.65 Turkish lira per euro (19.96 and 15.23 in 2022 and 2021, respectively). Argentina The combined result derived from the application of the above criteria amounted to a loss of €2,314 million, of which €1574 million is attributable to owners of the parent in 2023 (€694 million and €258 million attributable to owners of the parent in 2022 and 2021, respectively). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €1,062 million and is recorded in the line “Other operating expense” in the consolidated income statement in 2023 (€822 million and €394 million in 2022 and 2021, respectively). Furthermore, during 2023, 2022 and 2021 the impact on equity of Group entities located in Argentina derived from the application of IAS 29 and the conversion to the euro (IAS 21) amounted to €-634 million, €242 million and €337 million, respectively, of which €-428 million, €157 million and €225 million, respectively, have been recorded within “Equity – Accumulated other comprehensive income (loss)”, and €-206 million, €84 million and €112 million, respectively, within “Minority interests – Accumulated other comprehensive income (loss)” (see Note 30). Accumulated inflation estimated by the National Census Institute of Argentina (Indec) and BBVA Research for the year 2023 was 215% (97.0% and 50.7% in 2022 and 2021, respectively) and the exchange rate used as of December 31, 2023 was 892.81 Argentine pesos per euro (188.51 and 116.37 in 2022 and 2021, respectively). Venezuela The combined result derived from the application of the above criteria amounted to a loss of €18 million, of which €10 million is attributable to owners of the parent in 2023 (€6 million and €6 million attributable to owners of the parent in 2022 and 2021, respectively). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €28 million and is recorded in the line “Other operating expense” in the consolidated income statement in 2023 (in 2022 and 2021 this result amounted to €28 and €14 million, respectively). During 2023, 2022 and 2021 the impact on equity of Group entities located in Venezuela derived from the application of hyperinflation (IAS 29) and the conversion to the euro (IAS 21) was not material for the Group.

Note 2 (Tables)

Note 2 (Tables)	12 Months Ended
	Dec. 31, 2023
Principles Of Consoldiation, Acounting policies and measurement bases applied and recent IFRS pronouncements [Abstract]
Depreciation rates for tangible assets [Table Text Block]	In general, and as an accounting policy option, tangible assets are recorded in the balance sheets under the cost model, i.e., at acquisition cost, less the related accumulated depreciation and, if applicable, the estimated impairment losses resulting from comparing the net book value of each item with its corresponding recoverable value (see Note 17). The Group uses the straight-line method to calculate depreciation over the estimated useful life of the asset. The depreciation charge for tangible assets is recorded under "Depreciation and amortization" in the income statement (see Note 45) and is the result of using the following depreciation rates: General depreciation rates for tangible assets Type of assets Annual Percentage Buildings for own use 1% - 4% Furniture 8% - 10% Fixtures 6% - 12% Office supplies and hardware 8% - 25% Lease use rights The lesser of the lease term or the useful life of the underlying asset

Note 3 (Tables)

Note 3 (Tables)	12 Months Ended
	Dec. 31, 2023
BBVA Group [Abstract]
Contribution to consolidated group total assets entities by main activities [Table Text Block]	The following table sets forth information related to the Group’s total assets as of December 31, 2023, 2022 and 2021, broken down by the Group’s entities according to their activity: Contribution to Consolidated Group total assets. Entities by main activities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Banking and other financial services 737,971 678,809 631,683 Insurance and pension fund managing companies 34,520 30,066 29,657 Other non-financial services 3,068 3,217 1,545 Total 775,558 712,092 662,885 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 4 (Tables)

Note 4 (Tables)	12 Months Ended
	Dec. 31, 2023
Shareholder Remuneration System [Abstract]
Available amount for interim dividend payments [Table Text Block]	The forecasted financial statement, drawn up in compliance with the applicable legal requirements, which evidenced the existence of sufficient liquidity to distribute the abovementioned amount approved by the Board of Directors of BBVA on September 27, 2023 was the following: Available amount for interim dividend payments (Millions of Euros) August 31, 2023 Profit of BBVA, S.A., after the provision for income tax 3,946 Maximum amount distributable 3,946 Amount of proposed interim dividend 954 BBVA cash balance available to the date 40,855
Allocation of earnings [Table Text Block]	Proposal on allocation of earnings of BBVA, S.A. for 2023 Below is included a breakdown of the distribution of the Bank´s earnings for financial year 2023, which the Board of Directors will submit to the Annual General Shareholders' Meeting for approval. Allocation of earnings (Millions of Euros) 2023 Profit (loss) for the year 4,807 Distribution Interim dividends 952 Final dividend 2,277 Reserves / Accumulated gains 1,579

Note 5 (Tables)

Note 5 (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Basic and diluted earnings per share [Table Text Block]	The calculation of earnings per share is as follows: Basic and Diluted Earnings per Share 2023 2022 ⁽¹⁾ 2021 Numerator for basic and diluted earnings per share (millions of euros) Profit attributable to parent company 8,019 6,358 4,653 Adjustment: Additional Tier 1 securities ⁽²⁾ (345) (313) (359) Profit adjusted (millions of euros) (A) 7,675 6,045 4,293 Profit (loss) from continued operations (net of remuneration of Additional Tier 1 capital instruments) 7,675 6,045 4,014 Profit (loss) from discontinued operations (net of non-controlling interests) (B) — — 280 Denominator for basic earnings per share (number of shares outstanding) Weighted average number of shares outstanding 5,988 6,424 6,668 Average treasury shares (5) (9) (12) Share buyback program ⁽³⁾ (28) (225) (255) Adjusted number of shares - Basic earnings per share (C) 5,954 6,189 6,401 Adjusted number of shares - diluted earnings per share (D) 5,954 6,189 6,401 Earnings (losses) per share 1.29 0.98 0.67 Basic earnings (losses) per share from continuing operations (Euros per share) A-B/C 1.29 0.98 0.63 Diluted earnings (losses) per share from continuing operations (Euros per share) A-B/D 1.29 0.98 0.63 Basic earnings (losses) per share from discontinued operations (Euros per share) B/C — — 0.04 Diluted earnings (losses) per share from discontinued operations (Euros per share) B/D — — 0.04 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4).

Note 6 (Tables)

Note 6 (Tables)	12 Months Ended
	Dec. 31, 2023
Operating Segment Reporting [Abstract]
Total Group assets by operating segments [Table Text Block]	The breakdown of the BBVA Group’s total assets by operating segments as of December 31, 2023, 2022 and 2021 is as follows: Total Group assets by operating segments (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Spain 457,624 427,116 413,477 Mexico 173,489 142,557 118,106 Turkey 68,329 66,036 56,245 South America 64,779 61,951 56,124 Rest of Business 64,274 49,952 40,314 Subtotal assets by operating segments 828,495 747,613 684,266 Corporate Center and adjustments (52,936) (35,520) (21,381) Total assets BBVA Group 775,558 712,092 662,885 (1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see Notes 1.3 and 2.3).
Main margins and profit by operating segments [Table Text Block]	The following table sets forth certain summarized information relating to results of each operating segment and Corporate Center for the years ended December 31, 2023, 2022 and 2021: Main margins and profit by operating segments (Millions of euros) Operating Segments BBVA Group Spain Mexico Turkey South America Rest of Business Corporate Center and adjustments (1) 2023 Net interest income 23,089 5,620 11,054 1,869 4,394 539 (386) Gross income 29,542 7,888 14,267 2,981 4,331 1,103 (1,029) Operating profit (loss) before tax 12,419 3,947 7,359 1,325 1,206 479 (1,898) Net attributable profit (loss) 8,019 2,755 5,340 528 613 389 (1,607) 2022 (2) Net interest income 19,124 3,774 8,378 2,611 4,138 332 (109) Gross income 24,743 6,112 10,734 3,172 4,265 790 (329) Operating profit (loss) before tax 10,268 2,610 5,620 1,636 1,434 277 (1,309) Net attributable profit (loss) 6,358 1,667 4,131 505 738 240 (922) 2021 Net interest income 14,686 3,502 5,836 2,370 2,859 281 (163) Gross income 21,066 5,925 7,603 3,422 3,162 741 212 Operating profit (loss) before tax 7,247 2,122 3,528 1,953 961 314 (1,632) Profit (loss) after tax from discontinued operations 280 — — — — — 280 Net attributable profit (loss) 4,653 1,581 2,568 740 491 254 (980) (1) Adjustments include: (I) the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17); and (II) the costs associated with the collective layoff procedure and the closing of offices in 2021 (see Note 24). (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3).

Note 7 (Tables)

Note 7 (Tables)	12 Months Ended
	Dec. 31, 2023
Risk Management [Abstract]
Positive scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]	BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following forecasts (positive base and negative scenarios) of the Gross Domestic Product (GDP) growth, unemployment rate and House Price Index (HPI), for the most relevant countries where they represent a significant factor, provided by BBVA Research, were used for the calculation of the ECL as of December 31, 2023: Positive scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2023 2.52 % 11.84 % (1.61) % 3.62 % 2.80 % 5.44 % 5.54 % 9.31 % 2024 2.12 % 10.32 % 0.89 % 3.79 % 3.11 % 4.98 % 7.11 % 8.82 % 2025 2.70 % 9.58 % 2.96 % 2.68 % 3.07 % 4.41 % 4.33 % 9.86 % 2026 2.55 % 8.81 % 2.11 % 2.67 % 3.04 % 4.14 % 3.92 % 10.68 % 2027 2.34 % 8.22 % 2.14 % 2.76 % 2.99 % 4.20 % 3.58 % 10.95 % 2028 2.13 % 7.67 % 1.88 % 2.85 % 2.87 % 5.09 % 3.58 % 11.01 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2023 0.33 % 6.85 % (1.82) % 8.05 % 1.59 % 10.06 % 2024 4.57 % 6.63 % 0.42 % 9.46 % 2.80 % 10.99 % 2025 4.22 % 6.54 % 6.93 % 9.23 % 2.59 % 11.27 % 2026 2.88 % 6.35 % 3.13 % 8.34 % 3.03 % 11.03 % 2027 2.72 % 6.32 % 2.11 % 7.23 % 3.24 % 10.35 % 2028 2.51 % 6.28 % 2.13 % 6.11 % 3.42 % 9.90 % The estimate for the next five years of the following rates, used in the measurement of the expected loss as of December 31, 2022, consistent with the latest estimates made public at that date, was: Positive scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2022 4.90 % 12.27 % (2.96) % 2.97 % 3.28 % 0.84 % 7.59 % 10.00 % 2023 1.85 % 11.35 % (0.61) % 1.45 % 3.04 % 4.23 % 6.61 % 8.85 % 2024 3.60 % 9.75 % 1.58 % 2.33 % 2.99 % 3.07 % (0.70) % 10.76 % 2025 3.00 % 8.36 % 1.67 % 1.91 % 3.01 % 4.18 % 3.91 % 11.78 % 2026 2.95 % 7.02 % 2.20 % 1.78 % 3.01 % 3.26 % 3.90 % 11.81 % 2027 2.93 % 5.87 % 2.31 % 1.81 % 3.00 % 4.39 % 3.86 % 11.81 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2022 4.00 % 7.67 % 7.42 % 11.97 % 8.78 % 11.41 % 2023 5.12 % 7.28 % 3.86 % 9.39 % 2.04 % 12.20 % 2024 3.15 % 6.79 % (1.02) % 7.68 % 2.07 % 12.77 % 2025 2.19 % 6.60 % 2.79 % 6.77 % 2.44 % 12.65 % 2026 2.21 % 6.52 % 2.87 % 6.89 % 3.11 % 12.15 % 2027 2.21 % 6.49 % 3.62 % 6.81 % 3.28 % 10.47 %
Base scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]	Base scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2023 2.36 % 12.13 % (1.93) % 3.40 % 2.82 % 5.47 % 4.46 % 9.63 % 2024 1.48 % 11.80 % (0.92) % 2.91 % 3.27 % 4.90 % 3.50 % 10.28 % 2025 2.47 % 11.20 % 1.94 % 2.41 % 3.25 % 4.24 % 3.54 % 10.85 % 2026 2.53 % 10.40 % 1.74 % 2.60 % 3.18 % 4.14 % 3.79 % 11.05 % 2027 2.34 % 9.63 % 1.69 % 2.74 % 3.11 % 4.18 % 3.46 % 11.15 % 2028 2.13 % 8.98 % 1.43 % 2.83 % 2.99 % 5.07 % 3.46 % 11.20 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2023 (0.36) % 6.88 % (3.01) % 8.28 % 1.24 % 10.11 % 2024 1.99 % 6.82 % (4.04) % 10.48 % 1.47 % 11.25 % 2025 3.48 % 6.77 % 5.95 % 10.15 % 2.33 % 11.56 % 2026 2.88 % 6.55 % 3.03 % 8.95 % 3.03 % 11.32 % 2027 2.72 % 6.50 % 1.98 % 7.70 % 3.24 % 10.60 % 2028 2.51 % 6.46 % 2.00 % 6.60 % 3.42 % 10.09 % Base scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2022 4.61 % 12.78 % (3.50) % 2.56 % 3.32 % 0.95 % 5.47 % 10.53 % 2023 1.20 % 12.83 % (2.41) % 0.58 % 3.20 % 4.14 % 3.02 % 10.30 % 2024 3.37 % 11.38 % 0.55 % 2.05 % 3.17 % 2.90 % (1.50) % 11.75 % 2025 2.98 % 9.95 % 1.30 % 1.84 % 3.15 % 4.19 % 3.78 % 12.15 % 2026 2.95 % 8.58 % 1.74 % 1.76 % 3.14 % 3.27 % 3.78 % 12.00 % 2027 2.93 % 7.18 % 1.86 % 1.79 % 3.13 % 4.37 % 3.74 % 12.00 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2022 2.69 % 7.72 % 5.00 % 12.35 % 8.05 % 11.49 % 2023 2.54 % 7.48 % (0.50) % 10.40 % 0.72 % 12.45 % 2024 2.42 % 7.03 % (2.04) % 8.60 % 1.81 % 13.06 % 2025 2.19 % 6.80 % 2.70 % 7.38 % 2.44 % 12.94 % 2026 2.21 % 6.70 % 2.73 % 7.38 % 3.10 % 12.43 % 2027 2.21 % 6.68 % 3.49 % 7.30 % 3.28 % 10.65 %
Negative scenario of GDP, unemployment rate and HPI for the main geographies [Table Text Block]	Negative scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2023 2.21 % 12.40 % (2.28) % 3.20 % 2.85 % 5.49 % 3.37 % 9.94 % 2024 0.86 % 13.23 % (2.54) % 2.04 % 3.45 % 4.73 % (0.33) % 11.73 % 2025 2.25 % 12.77 % 1.00 % 2.13 % 3.43 % 4.03 % 2.58 % 11.92 % 2026 2.48 % 11.98 % 1.22 % 2.53 % 3.33 % 4.00 % 3.71 % 11.43 % 2027 2.30 % 11.34 % 0.93 % 2.70 % 3.25 % 4.18 % 3.39 % 11.32 % 2028 2.09 % 10.57 % 0.67 % 2.79 % 3.13 % 5.07 % 3.39 % 11.36 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2023 (1.04) % 6.91 % (4.16) % 8.49 % 0.87 % 10.15 % 2024 (0.60) % 7.03 % (8.75) % 11.46 % 0.15 % 11.51 % 2025 2.73 % 7.02 % 4.77 % 11.04 % 2.03 % 11.84 % 2026 2.88 % 6.77 % 2.92 % 9.54 % 3.03 % 11.59 % 2027 2.72 % 6.71 % 1.82 % 8.17 % 3.24 % 10.90 % 2028 2.51 % 6.66 % 1.85 % 7.08 % 3.42 % 10.29 % Negative scenario of GDP, unemployment rate and HPI for the main geographical areas Spain Mexico Turkey Date GDP Unemployment HPI GDP Unemployment HPI GDP Unemployment 2022 4.33 % 13.26 % (4.13) % 2.17 % 3.37 % 1.03 % 3.35 % 11.04 % 2023 0.58 % 14.26 % (4.02) % (0.28) % 3.38 % 3.97 % (0.79) % 11.76 % 2024 3.15 % 12.95 % (0.40) % 1.77 % 3.35 % 2.69 % (2.49) % 12.82 % 2025 2.93 % 11.53 % 0.79 % 1.77 % 3.30 % 4.04 % 3.70 % 12.53 % 2026 2.91 % 10.14 % 0.99 % 1.72 % 3.27 % 3.24 % 3.70 % 12.19 % 2027 2.89 % 8.77 % 1.10 % 1.75 % 3.26 % 4.37 % 3.66 % 12.16 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2022 1.39 % 7.77 % 2.66 % 12.71 % 7.30 % 11.57 % 2023 (0.05) % 7.69 % (5.10) % 11.38 % (0.59) % 12.71 % 2024 1.67 % 7.27 % (3.29) % 9.49 % 1.50 % 13.34 % 2025 2.19 % 7.02 % 2.59 % 7.97 % 2.44 % 13.21 % 2026 2.21 % 6.91 % 2.57 % 7.83 % 3.10 % 12.70 % 2027 2.21 % 6.88 % 3.33 % 7.78 % 3.28 % 10.86 %
Expected loss variation as of december [Table Text Block]	Variation in expected loss is determined both by re-staging (that is: in worse scenarios due to the recognition of lifetime credit losses for additional operations that are transferred to stage 2 from stage 1 where 12 months of losses are valued: or vice versa in improvement scenarios) as well as variations in the collective risk parameters (PD and LGD) of each financial instrument due to the changes defined in the macroeconomic forecasts of the scenario. The variation in the expected loss for the Group and the main portfolios and geographical areas is shown below: Expected loss variation as of December 31, 2023 BBVA Group Spain Mexico Turkey GDP Total Portfolio Retail Companies Debt securities Total Portfolio Companies Retail Total Portfolio Companies Retail Total Portfolio Companies Retail - 100 bps 222 188 28 2 61 14 47 94 2 92 22 9 11 +100 bps (191) (165) (23) (2) (58) (13) (45) (89) (2) (87) (21) (9) (11) Housing price - 100 bps — 32 +100 bps — (32) Expected loss variation as of December 31, 2022 BBVA Group Spain Mexico Turkey GDP Total Portfolio Retail Companies Debt securities Total Portfolio Companies Retail Total Portfolio Companies Retail Total Portfolio Companies Retail - 100 bps 223 151 67 3 118 54 62 67 3 63 19 5 12 +100 bps (195) (135) (55) (3) (95) (42) (52) (63) (3) (60) (18) (5) (11) Housing price - 100 bps 1 23 4 +100 bps (1) (22) (3)
Maximum credit risk exposure [Table Text Block]	BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of December 31, 2023, 2022 and 2021 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to enable compliance with payment obligations. The details are broken down by category of financial instruments: Maximum credit risk exposure (Millions of Euros) Notes December Stage 1 Stage 2 Stage 3 Financial assets held for trading 106,749 Equity instruments 10 4,589 Debt securities 10 28,569 Loans and advances 10 73,590 Non-trading financial assets mandatorily at fair value through profit or loss 8,737 Equity instruments 11 7,963 Debt securities 11 484 Loans and advances 11 290 Financial assets designated at fair value through profit or loss 12 955 Derivatives (trading and hedging) 48,747 Financial assets at fair value through other comprehensive income 62,289 Equity instruments 13 1,217 Debt securities 61,047 60,255 771 21 Loans and advances to credit institutions 13 26 26 — — Financial assets at amortized cost 463,130 410,590 38,061 14,478 Debt securities 49,544 49,403 108 32 Loans and advances to central banks 7,176 7,176 — — Loans and advances to credit institutions 17,498 17,478 18 2 Loans and advances to customers 388,912 336,533 37,935 14,444 Total financial assets risk 690,606 Total loan commitments and financial guarantees 214,283 204,842 8,411 1,030 Loan commitments given 33 152,868 147,376 5,326 165 Financial guarantees given 33 18,839 17,612 998 229 Other commitments given 33 42,577 39,854 2,087 636 Total maximum credit exposure 904,889 Maximum credit risk exposure (Millions of Euros) Notes December Stage 1 Stage 2 Stage 3 Financial assets held for trading 70,763 Equity instruments 10 4,404 Debt securities 10 24,367 Loans and advances 10 41,993 Non-trading financial assets mandatorily at fair value through profit or loss 6,888 Equity instruments 11 6,511 Debt securities 11 129 Loans and advances 11 247 Financial assets designated at fair value through profit or loss 12 913 Derivatives (trading and hedging) 53,101 Financial assets at fair value through other comprehensive income 65,497 Equity instruments 13 1,198 Debt securities 64,273 63,425 822 26 Loans and advances to credit institutions 13 26 26 — — Financial assets at amortized cost 425,803 378,407 33,873 13,523 Debt securities 36,730 36,463 237 30 Loans and advances to central banks 4,420 4,420 — — Loans and advances to credit institutions 16,066 15,997 69 — Loans and advances to customers 368,588 321,528 33,568 13,493 Total financial assets risk 622,965 Total loan commitments and financial guarantees 192,568 181,427 9,993 1,147 Loan commitments given 33 136,920 130,459 6,283 177 Financial guarantees given 33 16,511 15,214 1,015 281 Other commitments given 33 39,137 35,753 2,695 689 Total maximum credit exposure 815,533 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Maximum credit risk exposure (Millions of Euros) Notes December 2021 Stage 1 Stage 2 Stage 3 Financial assets held for trading 92,560 Equity instruments 10 15,963 Debt securities 10 25,790 Loans and advances 10 50,807 Non-trading financial assets mandatorily at fair value through profit or loss 6,086 Equity instruments 11 5,303 Debt securities 11 128 Loans and advances 11 655 Financial assets designated at fair value through profit or loss 12 1,092 Derivatives (trading and hedging) 43,687 Financial assets at fair value through other comprehensive income 60,495 Equity instruments 13 1,320 Debt securities 59,148 58,587 561 — Loans and advances to credit institutions 13 27 27 — — Financial assets at amortized cost 383,870 334,772 34,418 14,680 Debt securities 34,833 34,605 205 22 Loans and advances to central banks 5,687 5,687 — — Loans and advances to credit institutions 13,295 13,285 10 — Loans and advances to customers 330,055 281,195 34,203 14,657 Total financial assets risk 587,789 Total loan commitments and financial guarantees 165,941 152,914 12,070 957 Loan commitments given 33 119,618 112,494 6,953 171 Financial guarantees given 33 11,720 10,146 1,329 245 Other commitments given 33 34,604 30,274 3,789 541 Total maximum credit exposure 753,730
Maximum Credit Risk Exposure, accumulated allowances and carrying amount by geographical location [Table Text Block]	The breakdown by geographical area and stage of the maximum credit risk exposure, the accumulated allowances recorded and the carrying amount of the loans and advances to customers as of December 31, 2023, 2022 and 2021 is shown below: December 2023 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain (1) 214,522 183,503 22,953 8,066 (4,593) (503) (714) (3,375) 209,929 183,000 22,239 4,690 Mexico 91,086 81,619 6,995 2,472 (3,049) (1,097) (620) (1,332) 88,037 80,522 6,375 1,140 Turkey (2) 39,058 34,105 3,234 1,719 (1,641) (167) (314) (1,160) 37,416 33,938 2,920 559 South America (3) 43,151 36,237 4,738 2,176 (1,976) (319) (377) (1,280) 41,175 35,918 4,362 896 Others 1,094 1,069 15 11 (10) — (1) (8) 1,085 1,068 14 2 Total (4) 388,912 336,533 37,935 14,444 (11,269) (2,087) (2,026) (7,156) 377,643 334,446 35,909 7,287 Of which: individual (1,665) (15) (471) (1,179) Of which: collective (9,604) (2,072) (1,555) (5,977) (1) Spain includes all countries where BBVA, S.A. operates. (2) Turkey includes all countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2023, the remaining balance was €142 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize. December 2022 ⁽¹⁾ (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain (2) 214,066 186,977 19,621 7,468 (4,860) (518) (759) (3,583) 209,206 186,459 18,862 3,885 Mexico 73,729 66,448 5,342 1,939 (2,496) (955) (475) (1,066) 71,233 65,494 4,866 873 Turkey (3) 39,547 32,755 4,436 2,356 (2,105) (224) (358) (1,523) 37,443 32,531 4,078 833 South America (4) 40,199 34,312 4,166 1,721 (1,768) (318) (345) (1,105) 38,431 33,994 3,821 615 Others 1,047 1,035 3 9 (8) — — (7) 1,039 1,035 3 2 Total (5) 368,588 321,528 33,568 13,493 (11,237) (2,014) (1,938) (7,284) 357,351 319,513 31,629 6,208 Of which: individual (2,164) (21) (604) (1,539) Of which: collective (9,073) (1,994) (1,334) (5,745) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Spain includes all countries where BBVA, S.A. operates. (3) Turkey includes all countries in which Garanti BBVA operates. (4) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (5) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2022 the remaining balance was €190 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize. December 2021 (Millions of Euros) Gross exposure Accumulated allowances Carrying amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Spain (1) 201,405 171,883 21,380 8,143 (5,277) (722) (923) (3,631) 196,129 171,161 20,457 4,511 Mexico 57,847 51,665 4,261 1,921 (2,038) (740) (381) (916) 55,809 50,925 3,880 1,005 Turkey (2) 33,472 26,497 4,134 2,841 (2,058) (224) (424) (1,410) 31,414 26,273 3,711 1,431 South America (3) 36,335 30,166 4,425 1,744 (1,736) (277) (362) (1,096) 34,599 29,889 4,062 648 Others 996 984 3 9 (8) (1) — (7) 988 983 3 2 Total (4) 330,055 281,195 34,203 14,657 (11,116) (1,964) (2,091) (7,061) 318,939 279,231 32,112 7,596 Of which: individual (2,528) (4) (657) (1,867) Of which: collective (8,587) (1,959) (1,434) (5,194) (1) Spain includes all countries where BBVA, S.A. operates. (2) Turkey includes all countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2021 the remaining balance was €266 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize.
Maximum credit risk exposure, accumulated allowances and carrying amount by counterparty [Table Text Block]	The breakdown by counterparty of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by stages of loans and advances to customers as of December 31, 2023, 2022 and 2021 is shown below: December 2023 (Millions of Euros) Gross exposure Accumulated allowances Net amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Public administrations 23,294 23,105 164 25 (29) (9) (12) (7) 23,265 23,096 152 18 Other financial corporations 13,271 13,072 187 12 (20) (9) (4) (7) 13,251 13,062 183 6 Non-financial corporations 175,337 154,519 15,299 5,520 (4,274) (517) (795) (2,962) 171,063 154,002 14,503 2,558 Households 177,009 145,837 22,286 8,886 (6,946) (1,552) (1,214) (4,180) 170,063 144,285 21,071 4,706 Loans and advances to customers 388,912 336,533 37,935 14,444 (11,269) (2,087) (2,026) (7,156) 377,643 334,446 35,909 7,287 December 2022 ⁽¹⁾ (Millions of Euros) Gross exposure Accumulated allowances Net amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Public administrations 20,922 20,582 302 38 (30) (8) (11) (11) 20,892 20,574 291 27 Other financial corporations 12,802 12,548 238 17 (37) (15) (12) (10) 12,765 12,533 226 6 Non-financial corporations 170,929 149,501 15,087 6,340 (5,495) (675) (991) (3,829) 165,433 148,826 14,096 2,511 Households 163,936 138,896 17,941 7,098 (5,675) (1,316) (925) (3,434) 158,261 137,580 17,017 3,663 Loans and advances to customers 368,588 321,528 33,568 13,493 (11,237) (2,014) (1,938) (7,284) 357,351 319,513 31,629 6,208 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). December 2021 (Millions of Euros) Gross exposure Accumulated allowances Net amount Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Public administrations 19,719 19,287 369 62 (37) (13) (5) (19) 19,682 19,274 364 43 Other financial corporations 9,826 9,672 131 24 (23) (8) (6) (9) 9,804 9,664 125 15 Non-financial corporations 146,797 120,140 19,366 7,290 (5,804) (759) (1,306) (3,738) 140,993 119,381 18,060 3,552 Households 153,714 132,096 14,336 7,281 (5,253) (1,184) (773) (3,295) 148,461 130,912 13,563 3,986 Loans and advances to customers 330,055 281,195 34,203 14,657 (11,116) (1,964) (2,091) (7,061) 318,939 279,231 32,112 7,596
Loans and advances breakdown by counterparty and product [Table Text Block]	The breakdown by counterparty and product of loans and advances, net of loss allowances, as well as the gross carrying amount by type of product, classified in different headings of the assets, as of December 31, 2023, 2022 and 2021 is shown below: December 2023 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 73 1,933 1,028 3,040 3,175 Credit card debt — 1 — 2 1,927 20,959 22,890 24,454 Commercial debtors 960 76 586 23,462 88 25,171 25,346 Finance leases — 225 — 12 8,940 285 9,463 9,714 Reverse repurchase loans 1,345 — 5,786 92 — — 7,223 7,234 Other term loans 4,878 21,662 5,329 9,300 134,024 147,491 322,683 331,813 Advances that are not loans 927 412 6,312 3,186 956 324 12,116 12,164 LOANS AND ADVANCES 7,151 23,265 17,502 13,251 171,241 170,175 402,586 413,901 By secured loans Of which: mortgage loans collateralized by immovable property 271 — 526 24,829 96,772 122,397 125,328 Of which: other collateralized loans 1,347 6,933 4,558 465 10,938 2,430 26,671 26,963 By purpose of the loan Of which: credit for consumption 59,892 59,892 64,303 Of which: lending for house purchase 97,555 97,555 99,224 By subordination Of which: project finance loans 7,181 7,181 7,743 December 2022 ⁽¹⁾ (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 352 2,810 933 4,101 4,266 Credit card debt — 1 — 3 2,029 16,865 18,898 19,985 Commercial debtors 1,021 24 370 24,510 85 26,011 26,254 Finance leases — 195 — 13 8,040 322 8,571 8,857 Reverse repurchase loans 302 — 5,251 102 — — 5,655 5,674 Other term loans 3,802 19,438 4,009 7,995 126,949 139,925 302,118 311,553 Advances that are not loans 296 232 6,772 3,930 1,256 217 12,702 12,758 LOANS AND ADVANCES 4,401 20,892 16,057 12,765 165,593 158,348 378,056 389,347 By secured loans Of which: mortgage loans collateralized by immovable property 297 — 337 23,970 95,056 119,659 122,719 Of which: other collateralized loans 498 5,382 5,073 548 6,635 2,209 20,345 20,675 By purpose of the loan Of which: credit for consumption 51,344 51,344 54,718 Of which: lending for house purchase 95,249 95,249 96,716 By subordination Of which: project finance loans 7,942 7,942 8,530 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). December 2021 (Millions of Euros) Central banks General governments Credit institutions Other financial corporations Non-financial corporations Households Total Gross carrying amount On demand and short notice — 6 — 321 2,339 495 3,161 3,345 Credit card debt — — — 1 1,504 12,523 14,030 14,949 Commercial debtors 791 — 476 18,191 66 19,524 19,766 Finance leases — 191 — 14 7,388 317 7,911 8,256 Reverse repurchase loans 1,192 — 2,788 23 — — 4,004 4,013 Other term loans 4,174 18,440 4,004 5,413 110,204 134,505 276,739 286,127 Advances that are not loans 315 394 6,510 3,554 1,805 630 13,208 13,263 LOANS AND ADVANCES 5,681 19,822 13,303 9,804 141,431 148,536 338,577 349,719 By secured loans Of which: mortgage loans collateralized by immovable property 324 — 220 21,531 94,821 116,897 119,980 Of which: other collateralized loans 1,180 1,413 2,534 390 3,512 1,950 10,979 11,335 By purpose of the loan Of which: credit for consumption 42,294 42,294 45,236 Of which: lending for house purchase 95,209 95,209 96,612 By subordination Of which: project finance loans 8,863 8,863 9,423
Impaired loans and advances at amortized cost covered by collateral [Table Text Block]	The disclosure of impaired loans and advances at amortized cost covered by collateral (see Note 7.2.6), shown by type of collateral, as of December 31, 2023, 2022 and 2021, is the following: Impaired loans and advances at amortized cost covered by collateral (Millions of Euros) Maximum exposure to credit risk Of which secured by collateral Residential properties Commercial properties Cash Others Financial December 2023 14,446 3,167 771 5 91 1,226 December 2022 13,493 2,537 849 3 52 984 December 2021 14,657 2,875 1,068 5 33 886
Guarantees Received [Table Text Block]	The value of guarantees received as of December 31, 2023, 2022 and 2021, is the following: Guarantees received (Millions of Euros) 2023 2022 2021 Value of collateral 136,141 125,963 117,362 Of which: guarantees normal risks under special monitoring 14,274 12,826 11,768 Of which: guarantees non-performing risks 4,035 3,440 3,981 Value of other guarantees 53,462 40,050 48,680 Of which: guarantees normal risks under special monitoring 4,864 4,963 7,404 Of which: guarantees non-performing risks 1,226 984 886 Total value of guarantees received 189,602 166,013 166,042
Probability of default of loans and advances to customers and contingent risk and commitments [Table Text Block]	The table below outlines the distribution of the gross carrying amount of loans and advances to customers, contingent risk and commitments, in percentage terms, of the BBVA Group, based on their probability of default within 12 months and internal rating used in the calculation of the expected loss under IFRS 9, and their stages, as of December 31, 2023, 2022 and 2021: Probability of default (basis points) and internal rating 2023 2022 2021 ⁽¹⁾ Subject to 12 month ECL (stage 1) Subject to lifetime ECL (stage 2) Subject to 12 month ECL (stage 1) Subject to lifetime ECL (stage 2) Subject to 12 month ECL (stage 1) Subject to lifetime ECL (stage 2) Internal rating PDs % % % % % % AAA 0 to 2 3.8 — 5.5 0.1 5.8 — AA+ to AA- 2 to 5 10.7 0.2 19.4 0.3 15.7 0.1 A+ to A- 5 to 11 25.4 0.5 19.9 0.7 15.2 0.2 BBB+ to BBB- 11 to 39 21.7 1.3 18.7 0.8 18.7 0.6 BB+ to BB- 39 to 194 20.6 2.1 18.4 1.9 19.1 2.5 B+ to B- 194 to 1,061 8.7 2.2 9.0 2.5 12.2 3.8 CCC+ to CCC- 1,061 to 2,121 1.0 0.6 1.0 0.7 1.9 1.5 CC+ to C > 2,121 0.5 0.8 0.5 0.8 0.8 1.9 Total 92.4 7.6 92.3 7.7 89.4 10.6 (1) Data corresponding to the year 2021, does not include commitments nor contingent liabilities.
Impaired secured loans risks [Table Text Block]	The breakdown of loans and advances within financial assets at amortized cost by counterparties, including their respective gross carrying amount, impaired amount and accumulated impairment as of December 31, 2023, 2022 and 2021 is as follows: December 2023 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 7,176 — (25) — % General governments 23,294 25 (29) 0.1 % Credit institutions 17,498 2 (21) — % Other financial corporations 13,271 12 (20) 0.1 % Non-financial corporations 175,337 5,520 (4,274) 3.2 % Agriculture, forestry and fishing 4,530 133 (136) 2.9 % Mining and quarrying 4,924 27 (30) 0.6 % Manufacturing 45,893 814 (685) 1.8 % Electricity, gas, steam and air conditioning supply 15,801 444 (454) 2.8 % Water supply 905 16 (11) 1.8 % Construction 8,269 665 (426) 8.1 % Wholesale and retail trade 32,080 1,241 (883) 3.9 % Transport and storage 10,378 310 (213) 3.0 % Accommodation and food service activities 7,957 329 (208) 4.1 % Information and communications 7,545 71 (54) 0.9 % Financial and insurance activities 7,828 187 (122) 2.4 % Real estate activities 12,550 658 (508) 5.2 % Professional, scientific and technical activities 4,053 178 (124) 4.4 % Administrative and support service activities 4,449 151 (111) 3.4 % Public administration and defense; compulsory social security 303 10 (11) 3.2 % Education 586 30 (21) 5.0 % Human health services and social work activities 2,171 129 (48) 6.0 % Arts, entertainment and recreation 906 53 (42) 5.9 % Other services 4,209 74 (186) 1.8 % Households 177,009 8,886 (6,946) 5.0 % LOANS AND ADVANCES 413,585 14,446 (11,316) 3.5 % December 2022 ⁽¹⁾ (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 4,420 — (19) — % General governments 20,922 38 (30) 0.2 % Credit institutions 16,066 — (35) — % Other financial corporations 12,802 17 (37) 0.1 % Non-financial corporations 170,929 6,340 (5,495) 3.7 % Agriculture, forestry and fishing 4,475 153 (151) 3.4 % Mining and quarrying 5,006 179 (105) 3.6 % Manufacturing 44,583 869 (794) 1.9 % Electricity, gas, steam and air conditioning supply 15,344 650 (534) 4.2 % Water supply 875 21 (16) 2.4 % Construction 8,349 784 (537) 9.4 % Wholesale and retail trade 30,974 1,184 (945) 3.8 % Transport and storage 11,051 319 (343) 2.9 % Accommodation and food service activities 8,003 451 (329) 5.6 % Information and communications 7,498 113 (47) 1.5 % Financial and insurance activities 7,446 200 (188) 2.7 % Real estate activities 11,349 718 (527) 6.3 % Professional, scientific and technical activities 3,948 169 (151) 4.3 % Administrative and support service activities 4,021 180 (124) 4.5 % Public administration and defense, compulsory social security 268 8 (12) 2.9 % Education 556 35 (29) 6.4 % Human health services and social work activities 2,108 138 (53) 6.6 % Arts, entertainment and recreation 927 68 (79) 7.3 % Other services 4,147 101 (530) 2.4 % Households 163,936 7,098 (5,675) 4.3 % LOANS AND ADVANCES 389,073 13,493 (11,291) 3.5 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). December 2021 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Impaired loans and advances as a % of the total Central banks 5,687 — (6) — % General governments 19,719 62 (37) 0.3 % Credit institutions 13,295 — (19) — % Other financial corporations 9,826 24 (23) 0.2 % Non-financial corporations 146,797 7,290 (5,804) 5.0 % Agriculture, forestry and fishing 4,077 125 (154) 3.1 % Mining and quarrying 4,889 222 (130) 4.5 % Manufacturing 35,058 1,003 (867) 2.9 % Electricity, gas, steam and air conditioning supply 13,718 570 (489) 4.2 % Water supply 782 22 (21) 2.9 % Construction 8,336 894 (619) 10.7 % Wholesale and retail trade 25,856 1,311 (1,104) 5.1 % Transport and storage 10,310 879 (400) 8.5 % Accommodation and food service activities 7,693 470 (405) 6.1 % Information and communications 6,533 117 (56) 1.8 % Financial and insurance activities 6,216 197 (181) 3.2 % Real estate activities 9,438 719 (466) 7.6 % Professional, scientific and technical activities 3,910 185 (152) 4.7 % Administrative and support service activities 3,046 181 (132) 5.9 % Public administration and defense, compulsory social security 203 9 (11) 4.5 % Education 582 43 (34) 7.4 % Human health services and social work activities 1,888 48 (41) 2.5 % Arts, entertainment and recreation 1,011 209 (95) 20.7 % Other services 3,250 84 (447) 2.6 % Households 153,714 7,281 (5,253) 4.7 % LOANS AND ADVANCES 349,037 14,657 (11,142) 4.2 %
Changes in impaired financial assets and guarantees given [Table Text Block]	The changes during the years 2023, 2022 and 2021 of impaired financial assets and guarantees given are as follows: Changes in impaired financial assets and guarantees given (Millions of Euros) 2023 2022 2021 Balance at the beginning 14,521 15,467 15,478 Additions 11,066 8,084 8,556 Decreases (1) (5,795) (5,742) (4,555) Net additions 5,272 2,342 4,001 Amounts written-off (3,770) (2,771) (3,613) Exchange differences and other (660) (517) (399) Balance at the end 15,362 14,521 15,467 (1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.
Changes in impaired financial assets written off from the balance sheet [Table Text Block]	The changes during the years 2023, 2022 and 2021 in financial assets derecognized from the consolidated balance sheet as their recovery is considered unlikely ("write-offs"), is shown below: Changes in impaired financial assets written-off from the balance sheet (Millions of Euros) Notes 2023 2022 2021 Balance at the beginning 22,595 21,990 22,001 Companies held for sale — — — Increase 3,841 2,871 3,709 Decrease: (2,035) (2,431) (3,605) Re-financing or restructuring (1) (2) (1) Cash recovery 47 (369) (390) (423) Foreclosed assets (3) (25) (17) Sales (1) (1,201) (1,498) (2,437) Debt forgiveness (410) (368) (599) Time-barred debt and other causes (51) (147) (129) Net exchange differences 385 165 (116) Balance at the end 24,787 22,595 21,990 (1) Includes principal and interest.
Changes in gross accounting balances of loans and advances at amortized cost [Table Text Block]	Movements, measured over a 12-month period, in gross accounting balances and accumulated loss allowances during 2023, 2022 and 2021 are recorded on the consolidated balance sheet as of December 31, 2023, 2022 and 2021 in order to cover the estimated impairment or reversal of impairment on loans and advances at amortized cost. Changes in gross accounting balances of loans and advances at amortized cost. Year 2023 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning 341,944 33,636 13,493 389,073 Transfers of financial assets: (11,647) 10,463 1,184 — Transfers from stage 1 to stage 2 (18,172) 18,172 — — Transfers from stage 2 to stage 1 7,639 (7,639) — — Transfers to stage 3 (3,203) (2,297) 5,500 — Transfers from stage 3 2,089 2,226 (4,316) — Net annual origination of financial assets 34,334 (5,233) 2,663 31,764 Becoming write-offs (186) (76) (2,889) (3,150) Foreign exchange (2,833) (635) (369) (3,838) Modifications that do not result in derecognition (60) (16) 476 401 Other (365) (187) (112) (665) Balance at the end 361,186 37,953 14,446 413,585 Changes in gross accounting balances of loans and advances at amortized cost. Year 2022 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning 300,167 34,213 14,657 349,037 Transfers of financial assets: (5,041) 3,914 1,128 — Transfers from stage 1 to stage 2 (12,726) 12,726 — — Transfers from stage 2 to stage 1 8,537 (8,537) — — Transfers to stage 3 (1,941) (1,831) 3,773 — Transfers from stage 3 1,089 1,556 (2,645) — Net annual origination of financial assets 44,465 (4,201) 258 40,522 Becoming write-offs (63) (35) (2,432) (2,530) Methodological changes and adoption of new standards ⁽¹⁾ (672) — — (672) Foreign exchange 2,447 18 (461) 2,004 Modifications that do not result in derecognition (2) 29 113 140 Other 643 (301) 231 573 Balance at the end 341,944 33,636 13,493 389,073 (1) The entire impact corresponds to the application of IFRS 17 (See notes 1.3 and 2.3). Changes in gross accounting balances of loans and advances at amortized cost. Year 2021 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning 298,793 30,601 14,678 344,072 Transfers of financial assets: (10,785) 8,640 2,145 — Transfers from stage 1 to stage 2 (14,482) 14,482 — — Transfers from stage 2 to stage 1 4,905 (4,905) — — Transfers to stage 3 (1,772) (1,945) 3,717 — Transfers from stage 3 564 1,009 (1,573) — Net annual origination of financial assets 17,876 (4,729) 1,217 14,364 Becoming write-offs (74) (68) (3,095) (3,237) Foreign exchange (6,054) (1,902) (216) (8,172) Modifications that do not result in derecognition 187 1,642 189 2,018 Other 224 29 (261) (8) Balance at the end 300,167 34,213 14,657 349,037
Changes in allowances of loans and advances at amortized cost [Table Text Block]	Changes in allowances of loans and advances at amortized cost. Year 2023 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning (2,065) (1,942) (7,284) (11,291) Transfers of financial assets: 73 (336) (2,527) (2,790) Transfers from stage 1 to stage 2 118 (681) — (563) Transfers from stage 2 to stage 1 (113) 323 — 210 Transfers to stage 3 81 120 (2,935) (2,734) Transfers from stage 3 (13) (97) 408 297 Net annual origination of allowances (466) (148) (232) (846) Becoming write-offs 147 71 2,853 3,071 Foreign exchange (52) 44 169 160 Modifications that do not result in derecognition 3 49 (304) (252) Other 229 235 167 631 Balance at the end (2,131) (2,026) (7,158) (11,316) Changes in allowances of loans and advances at amortized cost. Year 2022 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning (1,990) (2,091) (7,061) (11,142) Transfers of financial assets: 63 33 (1,570) (1,473) Transfers from stage 1 to stage 2 110 (397) — (287) Transfers from stage 2 to stage 1 (91) 374 — 283 Transfers to stage 3 51 204 (1,917) (1,662) Transfers from stage 3 (7) (148) 347 193 Net annual origination of allowances (406) (273) (663) (1,342) Becoming write-offs 186 30 1,890 2,106 Foreign exchange (87) 248 — 161 Modifications that do not result in derecognition — 48 (160) (112) Other 168 64 279 511 Balance at the end (2,065) (1,942) (7,284) (11,291) Changes in allowances of loans and advances at amortized cost. Year 2021 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning (2,037) (2,289) (7,815) (12,141) Transfers of financial assets: 187 441 (2,521) (1,893) Transfers from stage 1 to stage 2 139 (602) — (463) Transfers from stage 2 to stage 1 (60) 307 — 247 Transfers to stage 3 111 802 (2,775) (1,862) Transfers from stage 3 (3) (66) 254 185 Net annual origination of allowances (563) (57) (314) (933) Becoming write-offs 45 56 2,694 2,795 Foreign exchange 70 (270) 719 519 Modifications that do not result in derecognition 12 (79) (122) (189) Other 297 106 298 701 Balance at the end (1,990) (2,091) (7,061) (11,142)
Sensitivity to interest rate and credit spread analysis [Table Text Block]	The table below shows the profile of average structural interest rate risk and credit spread risk of the fixed income portfolio in the banking book classified as Held to Collect & Sale (HtC&S) in terms of sensitivities of the main currencies for the BBVA Group in 2023: Sensitivity to interest-rate and credit spread analysis. Year 2023 Interest rate risk Credit spread Impact on net interest income (1) Impact on economic value (2) Impact on economic value (2) 100 basis point increase 100 basis point decrease 100 basis point increase 100 basis point decrease 100 basis point increase Euro [0.5% , 1.5%] [-1.5% , -0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-1.5% , -0.5%] Mexican peso [0.5% , 1.5%] [-1.5% , -0.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-0.5% , 0.5%] U.S. dollar [0.5% , 1.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-1.5% , -0.5%] [-0.5% , 0.5%] Turkish lira [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] Other [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] BBVA Group [1.5% , 3.5%] [-3.5% , -1.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-1.5% , -0.5%] (1) Percentage of "12 months" net interest income for the BBVA Group. (2) Percentage of CET1 (Fully Loaded) for BBVA Group. Sensitivity to interest-rate and credit spread analysis. Year 2022 Interest rate risk Credit spread Impact on net interest income (1) Impact on economic value (2) Impact on economic value (2) 100 basis point increase 100 basis point decrease (3) 100 basis point increase 100 basis point decrease (3) 100 basis point increase Euro [1.5% , 3.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-1.5% , -0.5%] [-1.5% , -0.5%] Mexican peso [0.5% , 1.5%] [-1.5% , -0.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-0.5% , 0.5%] U.S. dollar [0.5% , 1.5%] [-1.5% , -0.5%] [0.5% , 1.5%] [-1.5% , -0.5%] [-0.5% , 0.5%] Turkish lira [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] Other [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] [-0.5% , 0.5%] BBVA Group [3.5% , 5.5%] [-5.5% , -3.5%] [0.5% , 1.5%] [-1.5% , -0.5%] [-3.5% , -1.5%] (1) Percentage of "12 months" net interest income for the BBVA Group. (2) Percentage of CET1 (Fully Loaded) for BBVA Group. (3) In Euro and Pound sterling (included in "Other"), negative interest rates scenarios are allowed up to plausible levels.
Sensitivity to one percent of the average rate in the main currencies [Table Text Block]	For the years 2023, 2022 and 2021, the estimated sensitivities (in absolute terms) of the result attributable to the parent company are shown below, taking into account the coverage, against depreciations and appreciations of 1% of the average rate in the main currencies. To the extent that hedging positions are periodically modulated, the sensitivity estimate attempts to reflect an average (or effective) sensitivity in the year: Sensitivity to 1% change (Millions of Euros) Currency 2023 2022 2021 Mexican peso 25.8 19.1 14.0 Turkish lira 4.4 3.5 4.7 Peruvian sol 0.9 0.7 0.3 Chilean peso 0.2 0.4 0.6 Colombian peso 1.0 0.9 1.1 Argentine peso 1.3 1.9 0.6
VaR by Risk factor [Table Text Block]	As of December 31, 2023, 2022 and 2021 the VaR was €36 million, €29 million and €31 million, respectively, with the following breakdown: VaR by Risk Factor (Millions of Euros) ⁽¹⁾ Interest/Spread risk Currency risk Stock-market risk Vega/Correlation risk Diversification effect ⁽²⁾ Total 2023 VaR average in the year 36 8 2 7 (22) 31 VaR max in the year 43 6 17 8 (33) 42 VaR min in the year 23 9 — 9 (23) 19 End of period VaR 41 6 4 8 (23) 36 2022 VaR average in the year 33 8 3 7 (23) 27 VaR max in the year 35 12 2 11 (24) 36 VaR min in the year 25 10 2 11 (28) 19 End of period VaR 32 13 7 5 (28) 29 2021 VaR average in the year 33 10 2 11 (28) 29 VaR max in the year 32 13 4 1 (14) 36 VaR min in the year 27 9 1 10 (25) 22 End of period VaR 34 9 5 11 (29) 31 (1) The figures that correspond to the maximum and minimum total VaR obtained in the year show the VaR figures by risk factor for the day on which said maximums and minimums occurred. (2) The diversification effect is the difference between the sum of the average individual risk factors and the total VaR figure that includes the implied correlation between all the variables and scenarios used in the measurement.
Impact of the stress test [Table Text Block]	The impact of the stress test under multivariable simulation of the risk factors of the portfolio based on the expected shortfall (expected shortfall calculated at a 97.5% confidence level, 20 days) as of December 31, 2023 is as follows: Impact of the stress test (Millions of Euros) 0 Europe Mexico Peru Venezuela Argentina Colombia Turkey Expected shortfall (74) (73) (29) — (10) (4) (13)
Effect offsetting for derivatives and securities operation [Table Text Block]	A summary of the effect of offsetting (via netting and collateral) for derivatives and securities operations is presented below as of December 31, 2023, 2022 and 2021: Effect of offsetting for derivatives and securities operation (Millions of Euros) Gross amounts not offset in the consolidated balance sheets (D) Notes Gross amounts recognized (A) Gross amounts offset in the consolidated balance sheets (B) Net amount presented in the consolidated balance sheets (C=A-B) Financial instruments Cash collateral received/ pledged Net amount (E=C-D) December 2023 Trading and hedging derivatives 10 / 15 44,641 8,866 35,775 24,948 9,949 878 Reverse repurchase, securities borrowing and similar agreements 80,227 — 80,227 81,050 956 (1,779) Total assets 124,869 8,866 116,003 105,998 10,905 (900) Trading and hedging derivatives 10 / 15 44,536 8,866 35,670 27,131 8,755 (216) Repurchase, securities lending and similar agreements 104,920 — 104,920 106,344 2,002 (3,426) Total liabilities 149,456 8,866 140,590 133,475 10,757 (3,642) December 2022 Trading and hedging derivatives 10 / 15 52,354 10,554 41,800 29,251 11,461 1,088 Reverse repurchase, securities borrowing and similar agreements 47,111 — 47,111 47,217 970 (1,077) Total assets 99,465 10,554 88,911 76,468 12,431 11 Trading and hedging derivatives 10 / 15 51,767 10,554 41,213 31,063 9,498 651 Repurchase, securities lending and similar agreements 54,382 — 54,382 53,439 586 357 Total liabilities 106,149 10,554 95,594 84,502 10,084 1,008 December 2021 Trading and hedging derivatives 10 / 15 36,349 3,611 32,737 22,524 8,758 1,456 Reverse repurchase, securities borrowing and similar agreements 54,296 — 54,296 55,010 2,213 (2,927) Total assets 90,645 3,611 87,034 77,534 10,971 (1,471) Trading and hedging derivatives 10 / 15 37,916 3,584 34,331 22,524 10,119 1,688 Repurchase, securities lending and similar agreements 54,159 — 54,159 58,174 679 (4,694) Total liabilities 92,074 3,584 88,490 80,698 10,798 (3,006)
LtSCD by LMU [Table Text Block]	The performance of the indicators show that the funding structure remained steady during 2023, 2022 and 2021, in the sense that all LMU held self-funding levels with stable customer resources above the requirements. LtSCD by LMU 2023 2022 2021 Group (average) 99 % 96 % 95 % BBVA, S.A. 100 % 98 % 98 % BBVA Mexico 102 % 98 % 93 % Garanti BBVA 78 % 83 % 81 % Other LMU 104 % 96 % 93 %
LCR main LMU [Table Text Block]	Although this requirement is only established at a Group level, for banks in the Eurozone, the minimum level required is exceeded in all subsidiaries. It should be noted that the calculation of the Consolidated LCR does not allow the transfer of liquidity between subsidiaries, so no excess liquidity may be transferred from these entities for the purpose of calculating the consolidated ratio. If the impact of these highly liquid assets was considered, the LCR would be 193%, or 44 basis points above the required level. LCR main LMU 0 2023 2022 2021 Group 149 % 159 % 165 % BBVA, S.A. 178 % 186 % 190 % BBVA Mexico 192 % 199 % 245 % Garanti BBVA 212 % 185 % 211 %
Liquidity available by instrument [Table Text Block]	The table below shows the liquidity available by instrument as of December 31, 2023, 2022 and 2021 for the most significant entities based on prudential supervisor’s information (Commission Implementing Regulations (EU) 2021/451 of December 17, 2020): Liquidity available by instrument (Millions of Euros) BBVA, S.A. BBVA Mexico Garanti BBVA Other 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 Cash and withdrawable central bank reserves 43,931 48,271 35,258 9,712 12,865 12,146 9,899 6,731 8,179 5,921 5,265 6,469 Level 1 tradable assets 31,606 33,081 37,272 20,345 13,974 13,881 6,117 9,165 5,549 8,429 7,836 6,036 Level 2A tradable assets 919 3,450 5,234 246 47 74 — — — — — — Level 2B tradable assets 2,916 3,471 9,492 132 35 28 — — — — 1 2 Other tradable assets 44,324 22,708 27,870 469 467 343 398 285 722 753 1,035 934 Non tradable assets eligible for central banks — — — — — — — — — — — — Cumulated counterbalancing capacity 123,696 110,981 115,127 30,903 27,388 26,472 16,414 16,181 14,449 15,102 14,136 13,440
NSFR main LMU [Table Text Block]	The NSFR of BBVA Group and its main LMU at December 31, 2023, 2022 and 2021, was the following: NSFR main LMU 2023 2022 2021 Group 131 % 135 % 135 % BBVA, S.A. 120 % 125 % 126 % BBVA Mexico 140 % 143 % 149 % Garanti BBVA 178 % 166 % 162 %
Residual maturities by contractual periods [Table Text Block]	Below is a matrix of residual maturities by contractual periods based on supervisory prudential reporting as of December 31, 2023, 2022 and 2021: December 2023. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total ASSETS Cash, cash balances at central banks and other demand deposits 10,353 61,678 — — — — — — — — 72,031 Deposits in credit entities — 4,676 393 543 594 602 602 136 24 102 7,672 Deposits in other financial institutions — 1,288 1,261 1,049 385 649 2,019 965 974 1,291 9,882 Reverse repo, securities borrowing and margin lending — 42,407 21,683 6,890 3,398 2,596 3,319 3,817 2,133 139 86,382 Loans and advances — 28,644 30,850 28,239 16,434 19,029 41,267 32,769 45,116 104,086 346,433 Securities' portfolio settlement — 2,167 6,011 2,633 2,578 11,950 15,266 14,016 29,245 34,558 118,424 December 2023. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total LIABILITIES Wholesale funding — 1,187 3,889 8,518 4,935 4,225 10,296 7,990 11,175 22,424 74,639 Deposits from financial institutions 2,092 3,669 1,076 715 119 605 795 46 198 695 10,011 Deposits from other financial institutions and international agencies 8,507 5,526 2,806 1,036 834 841 1,033 618 695 638 22,535 Customer deposits 304,096 44,745 16,225 11,855 3,905 5,500 1,753 1,029 758 1,092 390,959 Security pledge funding — 86,908 30,028 6,107 2,274 1,821 2,630 1,111 2,060 677 133,615 Derivatives, net — (21) (30) 6 (62) (267) 69 45 (135) (2,616) (3,009) December 2022. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total ASSETS Cash, cash balances at central banks and other demand deposits 9,227 66,497 — — — — — — — — 75,724 Deposits in credit entities — 3,870 319 433 434 468 242 183 6 83 6,040 Deposits in other financial institutions 3 2,199 1,012 746 516 344 971 816 551 830 7,988 Reverse repo, securities borrowing and margin lending — 31,049 5,743 3,368 1,432 1,127 4,582 1,354 2,400 289 51,343 Loans and advances 99 24,622 32,009 25,622 14,827 16,766 41,049 32,510 43,828 96,201 327,534 Securities' portfolio settlement 1 4,031 4,107 8,200 4,305 4,746 18,417 8,744 23,307 31,480 107,338 December 2022. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total LIABILITIES Wholesale funding — 1,841 4,434 1,050 3,148 2,017 6,318 9,423 13,282 18,145 59,658 Deposits from financial institutions 2,176 7,885 628 806 56 694 648 211 396 399 13,899 Deposits from other financial institutions and international agencies 7,392 5,760 1,465 464 379 758 700 293 594 727 18,532 Customer deposits 302,667 38,951 18,542 6,776 2,575 2,870 1,476 1,276 798 273 376,203 Security pledge funding — 51,638 14,543 17,736 866 1,503 8,136 1,524 3,493 575 100,013 Derivatives, net — (253) 24 (1,010) (23) 175 40 (153) (466) (3,717) (5,383) December 2021. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total ASSETS Cash, cash balances at central banks and other demand deposits 39,761 24,598 — — — — — — — — 64,359 Deposits in credit entities — 3,781 400 790 373 299 211 166 8 26 6,056 Deposits in other financial institutions 2 901 801 584 727 432 694 470 261 469 5,343 Reverse repo, securities borrowing and margin lending — 33,856 11,611 2,945 1,063 1,692 2,188 2,239 1,118 739 57,451 Loans and advances 174 18,531 23,185 22,141 11,769 13,782 39,656 30,049 44,508 94,780 298,574 Securities' portfolio settlement 10 1,779 3,606 3,395 2,333 3,958 18,854 13,135 17,214 47,331 111,614 December 2021. Contractual maturities (Millions of Euros) Demand Up to 1 month 1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 months 1 to 2 years 2 to 3 years 3 to 5 years Over 5 years Total LIABILITIES Wholesale funding — 3,065 1,077 3,498 2,914 1,885 9,477 4,931 12,332 19,991 59,169 Deposits from financial institutions 1,936 4,257 415 825 183 924 496 146 146 579 9,907 Deposits from other financial institutions and international agencies 8,894 2,728 1,700 382 289 227 578 231 337 722 16,087 Customer deposits 281,812 28,806 11,814 4,867 1,717 1,520 1,740 578 863 416 334,132 Security pledge funding — 52,437 6,858 2,485 1,513 8,252 29,954 5,527 4,755 1,490 113,269 Derivatives, net (33) (395) (176) (326) (66) (641) 100 (122) (155) (66) (1,880)
Wholesale financing transactions carried out by group entities [Table Text Block]	The main wholesale financing transactions carried out by the BBVA Group during 2023 are listed below: Issuer Type of issue Date of issue Nominal (millions) Currency Coupon Early redemption Maturity date BBVA, S.A. Senior non-preferred Jan-23 1,000 EUR 4.625 % Jan-30 Jan-31 Covered bonds Jan-23 1,500 EUR 3.125 % — Jul-27 Senior preferred May-23 1,000 EUR 4.125 % May-25 May-26 Tier 2 Jun-23 750 EUR 5.750% Jun-Sep 28 Sep-33 AT1 Jun-23 1,000 EUR 8.375% Dec-28 Perpetual Tier 2 Aug-23 300 GBP 8.250% Aug-Nov 28 Nov-33 AT1 Sep-23 1,000 USD 9.375% Sep-29 Perpetual Tier 2 Nov-23 750 USD 7.883% Nov-33 Nov-34 BBVA Mexico Senior (Tranche 1) - Green bond Feb-23 8,689 MXN TIIE day 1 + 32 basis points — Feb-27 Senior (Tranche 2) Feb-23 6,131 MXN 9.540% — Feb-30 Tier 2 Jun-23 1,000 USD 8.450% Jun-33 Jun-38 Senior (Tranche 1) Nov-23 9,900 MXN TIIE day 1 + 32 basis points — Apr-27 Senior (Tranche 2) Nov-23 3,600 MXN 10.240% — Nov-30
Encumbered and unencumbered asstes [Table Text Block]	As of December 31, 2023, 2022 and 2021, the encumbered (those provided as collateral for certain liabilities) and unencumbered assets are broken down as follows: Encumbered and unencumbered assets (Millions of Euros) Encumbered assets Unencumbered assets Book value Fair value Book value Fair value 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 Assets 78,586 92,916 114,336 696,972 619,177 548,548 Equity instruments 592 819 307 592 819 307 13,176 11,293 22,280 13,176 11,293 22,280 Debt securities 51,458 33,533 31,557 50,818 32,291 29,527 88,976 92,665 89,307 88,976 92,665 89,307 Loans and advances and other assets 26,535 58,563 82,472 594,821 515,218 436,962
Collateral pledges received [Table Text Block]	As of December 31, 2023, 2022 and 2021, collateral pledges received mainly due to repurchase agreements and securities lending, and those which could be committed in order to obtain funding are provided below: Collateral received (Millions of Euros) Fair value of encumbered collateral received or own debt securities issued Fair value of collateral received or own debt securities issued available for encumbrance Fair value of collateral received or own debt securities issued not available for encumbrance 2023 2022 2021 2023 2022 2021 2023 2022 2021 Collateral received 73,836 40,701 40,905 14,825 9,415 17,029 996 1,279 1,719 Equity instruments 1,019 323 289 51 759 265 — — — Debt securities 72,817 40,378 40,616 14,774 8,656 16,764 996 1,279 1,719 Loans and advances and other assets — — — — — — — — — Own debt securities issued other than own covered bonds or ABSs — — — 74 92 50 — — —
Sources of encumbrance [Table Text Block]	As of December 31, 2023, 2022 and 2021, financial liabilities issued related to encumbered assets in financial transactions as well as their book value were as follows: Sources of encumbrance (Millions of Euros) Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own 2023 2022 2021 2023 2022 2021 Book value of financial liabilities 151,766 122,400 137,242 149,853 128,628 151,275 Derivatives 15,895 15,950 15,368 13,756 16,699 15,191 Deposits 126,777 95,728 109,311 126,543 99,077 120,957 Outstanding subordinated debt 9,094 10,722 12,563 9,554 12,852 15,127 Other sources 1,066 731 620 2,568 4,989 3,966

Note 8 (Tables)

Note 8 (Tables)	12 Months Ended
	Dec. 31, 2023
Fair value of financial instruments [Abstract]
Fair value of financial instruments by levels [Table Text Block]	The fair value of the Group's financial instruments recognized at fair value in the consolidated balance sheets is presented below, broken down according to the valuation method used to determine their fair value, and their respective book value as of December 31, 2023, 2022 and 2021: Fair value of financial instruments by levels. December 2023 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 141,042 21,972 116,905 2,165 Derivatives 34,293 144 33,880 269 Equity instruments 4,589 4,494 24 71 Debt securities 28,569 17,333 11,081 155 Loans and advances 73,590 — 71,921 1,669 Non-trading financial assets mandatorily at fair value through profit or loss 11 8,737 7,028 493 1,216 Equity instruments 7,963 6,742 72 1,148 Debt securities 484 286 132 66 Loans and advances to customers 290 — 288 2 Financial assets designated at fair value through profit or loss 12 955 908 47 — Debt securities 955 908 47 — Financial assets at fair value through other comprehensive income 13 62,205 52,987 8,335 883 Equity instruments 1,217 1,026 52 139 Debt securities 60,963 51,961 8,258 745 Loans and advances to credit institutions 26 — 26 — Derivatives – Hedge accounting 15 1,482 — 1,482 — LIABILITIES Financial liabilities held for trading 10 121,715 14,133 106,382 1,201 Trading derivatives 33,045 191 32,111 743 Short positions 15,735 13,942 1,750 44 Deposits 72,935 — 72,520 415 Financial liabilities designated at fair value through profit or loss 12 13,299 — 11,073 2,227 Deposits from credit institutions — — — — Customer deposits 717 — 717 — Debt certificates issued 3,977 — 1,751 2,227 Other financial liabilities 8,605 — 8,605 — Derivatives – Hedge accounting 15 2,625 — 2,586 39 Fair value of financial Instruments by levels. December 2022 ⁽¹⁾ (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 110,671 22,710 85,636 2,325 Derivatives 39,908 795 38,140 974 Equity instruments 4,404 4,369 — 34 Debt securities 24,367 16,284 7,934 148 Loans and advances 41,993 1,262 39,562 1,169 Non-trading financial assets mandatorily at fair value through profit or loss 11 6,888 5,720 151 1,017 Equity instruments 6,511 5,457 40 1,014 Debt securities 129 19 111 — Loans and advances to customers 247 245 — 3 Financial assets designated at fair value through profit or loss 12 913 913 — — Debt securities 913 913 — — Financial assets at fair value through other comprehensive income 13 65,374 53,248 11,537 589 Equity instruments 1,198 1,040 58 100 Debt securities 64,150 52,182 11,479 489 Loans and advances to credit institutions 26 26 — — Derivatives – Hedge accounting 15 1,891 4 1,887 — LIABILITIES Financial liabilities held for trading 10 95,611 20,611 73,871 1,129 Trading derivatives 37,909 746 36,161 1,002 Short positions 13,487 13,354 133 — Deposits 44,215 6,511 37,577 127 Financial liabilities designated at fair value through profit or loss 12 10,580 — 8,990 1,590 Deposits from credit institutions — — — — Customer deposits 700 — 700 — Debt certificates issued 3,288 — 1,698 1,590 Other financial liabilities 6,592 — 6,592 — Derivatives – Hedge accounting 15 3,303 100 3,179 25 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Fair value of financial Instruments by levels. December 2021 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 123,493 32,371 87,736 3,386 Derivatives 30,933 3,954 26,732 247 Equity instruments 15,963 15,925 — 37 Debt securities 25,790 11,877 13,725 189 Loans and advances 50,807 615 47,279 2,913 Non-trading financial assets mandatorily at fair value through profit or loss 11 6,086 4,378 522 1,186 Equity instruments 5,303 4,158 394 751 Debt securities 128 — 128 — Loans and advances to customers 655 220 — 435 Financial assets designated at fair value through profit or loss 12 1,092 916 176 — Debt securities 1,092 916 176 — Financial assets at fair value through other comprehensive income 13 60,421 52,157 7,545 719 Equity instruments 1,320 1,178 36 106 Debt securities 59,074 50,952 7,509 613 Loans and advances to credit institutions 27 27 — — Derivatives – Hedge accounting 15 1,805 63 1,733 9 LIABILITIES Financial liabilities held for trading 10 91,135 26,215 64,305 615 Trading derivatives 31,705 4,755 26,560 389 Short positions 15,135 15,124 11 — Deposits 44,294 6,335 37,733 226 Financial liabilities designated at fair value through profit or loss 12 9,683 1 8,243 1,439 Deposits from credit institutions — — — — Customer deposits 809 — 809 — Debt certificates issued 3,396 1 1,956 1,439 Other financial liabilities 5,479 — 5,479 — Derivatives – Hedge accounting 15 2,626 53 2,573 —
Fair value of financial assets by levels, valuation techniques and inputs [Table Text Block]	The following table sets forth the main valuation techniques, hypothesis and inputs used in the estimation of fair value of the financial instruments recorded at fair value classified under Levels 2 and 3, based on the type of financial asset and liability and the corresponding balances as of December 31, 2023, 2022 and 2021. Fair value of Financial Instruments by levels. (Millions of Euros) ASSETS Valuation techniques in Levels 2 and 3 Observable inputs in Levels 2 and 3 Unobservable inputs in Levels 2 and 3 Financial assets held for trading Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer´s credit risk - Prepayment rates Loans and advances Present-value method - Issuer´s credit risk - Prepayment rates Derivatives Interest rate Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows Non-trading financial assets mandatorily at fair value through profit or loss Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer credit risk - Prepayment rates Loans and advances - Prepayment rates Financial assets designated at fair value through profit or loss Present-value method - Issuer credit risk Debt securities Financial assets at fair value through other comprehensive income Equity instruments Comparable pricing (Observable price in a similar market) - Brokers quotes - NAV provided by the administrator of the fund Debt securities Present-value method - Issuer´s credit risk - Prepayment rates Hedging derivatives Interest rate Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and Discounted cash flows
Fair value of financial liabilities by levels, valuation techniques and inputs [Table Text Block]	Fair Value of Financial Instruments by Levels LIABILITIES Valuation techniques in Levels 2 and 3 Observable inputs in Levels 2 and 3 Unobservable inputs in Levels 2 and 3 Financial liabilities held for trading Deposits Present-value method - Interest rate yield - Funding interest rates not observed in the market or in consensus services Derivatives Interest rate Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows Short positions Present-value method - Prepayment rates Financial liabilities designated at fair value through profit or loss Present-value method - Prepayment rates - Issuer´s credit risk - Current market interest rates - Prepayment rates Derivatives – Hedge accounting Interest rate Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flows - Exchange rates - Beta Equity Future and Equity Forward: Discounted future cash flows - Volatility of volatility Foreign exchange and gold Future and Equity Forward: Discounted future cash flows - Volatility of volatility Credit Credit Derivatives: Default model and Gaussian copula - Correlation default Commodities Commodities: Momentum adjustment and discounted cash flows
Unobservable inputs [Table Text Block]	Quantitative information of unobservable inputs used to calculate level 3 valuations is presented below as of December 31, 2023, 2022 and 2021. Unobservable inputs. December 2023 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 136 4,369 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 0 % 99 % 237 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 2.26 % 3.74 % 5.76 % Abs Repo rate Credit Derivatives Gaussian Copula Correlation default 26 % 60 % 85 % % Black 76 Price volatility Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 52 % 99 % % Volatility 8.47 29.41 70.94 Vegas FX Derivatives Option models on FX underlyings Volatility 4.31 10.24 18.52 Vegas IR Derivatives Option models on IR underlyings Beta 3.00 % 5 % 11 % % Correlation rate/credit (100 %) 100 % % Correlation rate/inflation 52 % 60 % 74 % % (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant. Unobservable inputs. December 2022 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 111 1,538 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 2 % 94 % 139 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 0.71 % 3.48 % 5.52 % Abs Repo rate Credit Derivatives Gaussian Copula Correlation default 26 % 44 % 58 % % Black 76 Price volatility — — — Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (93 %) 59 % 99 % % Volatility 7.81 32.62 98.71 Vegas FX Derivatives Option models on FX underlyings Volatility 5.32 11.93 20.73 Vegas IR Derivatives Option models on IR underlyings Beta 0.25 % 2 % 18 % % Correlation rate/credit (100 %) 100 % % Correlation rate/inflation 51% 66% 76% % (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant. Unobservable inputs. December 2021 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt securities Present value method Credit spread 3 125 2,374 bp Recovery rate 0 % 37 % 40 % % Comparable pricing 0.1 % 97 % 144 % % Equity/Fund instruments (1) Net asset value Comparable pricing Loans and advances Present value method Repo funding curve (2.71 %) 1.16 % 4.99 % Abs Repo rate Credit derivatives Gaussian Copula Correlation default 35 % 43 % 53 % % Black 76 Price volatility — — — Vegas Equity derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 60 % 99 % % Volatility 5.57 26.30 62.00 Vegas FX derivatives Option models on FX underlyings Volatility 3.96 9.71 16.34 Vegas IR derivatives Option models on IR underlyings Beta 0.25 % 2 % 18 % % Correlation rate/credit (100 %) 100 % % Credit default volatility — — — Vegas (1) Due to the diversity of valuation models of equity valuations, we would not include all the unobservable inputs or the quantitative ranges of them. (2) The range of unobservable dividends is too wide range to be relevant.
Financial assets level 3 Changes in the year [Table Text Block]	The changes in the balance of Level 3 financial assets and liabilities included in the consolidated balance sheets are as follows: Financial assets level 3: Changes in the year (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Assets Liabilities Assets Liabilities Assets Liabilities Balance at the beginning 3,931 2,743 5,301 2,054 2,984 1,902 Changes in fair value recognized in profit and loss (2) (7) 113 289 (131) 338 143 Changes in fair value not recognized in profit and loss 21 (1) (62) 14 (47) (10) Acquisitions, disposals and liquidations (3) 27 374 (783) 782 2,531 156 Net transfers to level 3 289 204 (750) 74 (436) (80) Exchange differences and others 3 34 (64) (50) (69) (56) Balance at the end 4,264 3,467 3,931 2,743 5,301 2,054 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2023, 2022 and 2021. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”. (3) Of which, in 2021, the assets roll forward is comprised of €2,742 million of acquisitions and €211 million of disposals. The liabilities roll forward is comprised of €213 million of acquisitions and €57 million of sales.
Transfer between levels [Table Text Block]	The financial instruments transferred among the different levels of measurement for the years ended December 31, 2023, 2022 and 2021 are at the following amounts in the consolidated balance sheets as of December 31, 2023, 2022 and 2021: Transfers among levels. December 2023 (Millions of Euros) From: Level 1 Level 2 Level 3 To: Level 2 Level 3 Level 1 Level 3 Level 1 Level 2 ASSETS Financial assets held for trading 887 34 89 666 — 497 Non-trading financial assets mandatorily at fair value through profit or loss 1 135 — 70 — — Financial assets designated at fair value through profit or loss — — — — — — Financial assets at fair value through other comprehensive income 1,191 21 1,296 205 103 243 Derivatives – Hedge accounting — — — — — — Total 2,079 190 1,385 941 103 740 LIABILITIES Financial liabilities held for trading 596 3 36 177 1 372 Financial liabilities designated at fair value through profit or loss — — — 660 — 262 Derivatives – Hedge accounting — — — — — — Total 596 3 36 837 1 635 Transfer among levels (Millions of Euros) 2022 2021 From: Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 To: Level 2 Level 3 Level 1 Level 3 Level 1 Level 2 Level 2 Level 3 Level 1 Level 3 Level 1 Level 2 ASSETS Financial assets held for trading 683 1 1,909 340 24 911 924 2 35 184 10 637 Non-trading financial assets mandatorily at fair value through profit or loss — — 243 — 53 2 8 — — — 14 23 Financial assets designated at fair value through profit or loss — — 123 — — — — — — — — — Financial assets at fair value through other comprehensive income 1,723 — 715 — 18 83 596 17 506 50 — 6 Derivatives – Hedge accounting — — — — — — — — — — — — Total 2,407 1 2,990 340 95 996 1,528 19 542 234 24 665 LIABILITIES Financial liabilities held for trading 524 — 239 141 — 258 562 — 24 57 15 95 Financial liabilities designated at fair value through profit or loss — — — 221 — 55 — — — 38 — 65 Derivatives – Hedge accounting — — — 25 — — — — — — — — Total 524 — 239 387 — 313 562 — 24 95 15 160
Financial instruments level 3 sensitivity analysis [Table Text Block]	As of December 31, 2023, the effect on profit for the year and total equity of changing the main unobservable inputs used for the measurement of level 3 financial instruments for other reasonably possible unobservable inputs, taking the highest (most favorable input) or lowest (least favorable input) value of the range deemed probable, would be as follows: Financial instruments level 3: sensitivity analysis (Millions of Euros) Potential impact on consolidated Potential impact on Most favorable hypothesis Least favorable hypothesis Most favorable hypothesis Least favorable hypothesis 2023 2022 2023 2022 2023 2022 2023 2022 ASSETS Financial assets held for trading 21 33 (117) (33) — — — — Loans and advances 2 1 (2) (1) — — — — Debt securities 9 — (22) — — — — — Equity instruments — 25 (83) (25) — — — — Derivatives 9 6 (9) (6) — — — — Non-trading financial assets mandatorily at fair value through profit or loss 5 135 (114) (136) — — — — Loans and advances — — — — — — — — Debt securities 3 17 (21) (19) — — — — Equity instruments 2 118 (92) (118) — — — — Financial assets designated at fair value through profit or loss — — — — — — — — Financial assets at fair value through other comprehensive income — — — — 34 25 (89) (25) Total 26 168 (230) (169) 34 25 (89) (25) LIABILITIES Financial liabilities held for trading 13 7 (18) (7) — — — — Total 13 7 (18) (7) — — — —
Fair value of financial instruments at amortized cost by levels [Table Text Block]	The table below shows the fair value of the Group's financial instruments recognized at amortized cost in the consolidated balance sheets, broken down according to the valuation method used to determine their fair value, and their respective book value, as well as the main valuation techniques and inputs used for financial instruments classified in level 2 and level 3 as of December 31, 2023, 2022 and 2021: Fair value of financial instruments recognized at amortized cost by levels. December 2023 (Millions of Euros) Notes Book value Fair value Total Level 1 Level 2 Level 3 Valuation techniques in Levels 2 and 3 Main inputs used in Levels 2 and 3 ASSETS Cash, cash balances at central banks and other demand deposits 9 75,416 75,416 75,114 — 303 Financial assets at amortized cost 14 451,732 446,371 47,515 14,216 384,640 Present-value method Debt securities 49,462 48,952 41,950 6,244 759 - Credit spread Loans and advances to central banks 7,151 7,152 5,534 1,347 272 Loans and advances to credit institutions 17,477 17,500 32 5,662 11,805 Loans and advances to customers 377,643 372,767 — 963 371,804 - Credit spread LIABILITIES Financial liabilities at amortized cost 22 557,589 555,913 56,831 300,531 198,550 Present-value method - Issuer´s credit risk Deposits from central banks 20,309 20,179 13,911 6,003 265 Deposits from credit institutions 40,039 40,009 — 33,793 6,216 Customer deposits 413,487 411,342 1,448 228,726 181,168 Debt certificates issued 68,707 69,339 41,472 24,341 3,526 Other financial liabilities 15,046 15,043 — 7,668 7,376 Fair value of financial instruments recognized at amortized cost by levels. December 2022 ⁽¹⁾ (Millions of Euros) Notes Book value Fair value Total Level 1 Level 2 Level 3 Valuation techniques in Levels 2 and 3 Main inputs used in Levels 2 and 3 ASSETS Cash, cash balances at central banks and other demand deposits 9 79,756 79,756 79,463 — 293 Financial assets at amortized cost 14 414,421 412,965 30,587 12,173 370,206 Present-value method Debt securities 36,639 36,311 26,239 9,313 759 - Credit spread Loans and advances to central banks 4,401 4,401 4,259 — 142 Loans and advances to credit institutions 16,031 16,089 89 1,289 14,711 Loans and advances to customers 357,351 356,164 — 1,571 354,594 - Credit spread LIABILITIES Financial liabilities at amortized cost 22 529,172 525,595 77,112 266,194 182,289 Present-value method - Issuer´s credit risk Deposits from central banks 38,323 38,312 38,012 — 300 Deposits from credit institutions 26,935 26,777 — 20,546 6,231 Customer deposits 394,404 392,805 1,158 230,821 160,826 Debt certificates issued 55,429 53,550 37,942 7,240 8,368 Other financial liabilities 14,081 14,151 — 7,587 6,564 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). Fair value of financial instruments recognized at amortized cost by levels. December 2021 (Millions of Euros) Notes Book value Fair value Total Level 1 Level 2 Level 3 Valuation techniques in Levels 2 and 3 Main inputs used in Levels 2 and 3 ASSETS Cash, cash balances at central banks and other demand deposits 9 67,799 67,799 67,581 — 218 Financial assets at amortized cost 14 372,676 377,451 33,213 13,033 331,205 Present-value method Debt securities 34,781 36,448 26,876 8,755 817 - Credit spread Loans and advances to central banks 5,681 5,682 5,682 — — Loans and advances to credit institutions 13,276 13,264 72 863 12,329 Loans and advances to customers 318,939 322,058 583 3,416 318,059 - Credit spread LIABILITIES Financial liabilities at amortized cost 22 487,893 488,733 91,870 243,847 153,016 Present-value method - Issuer´s credit risk Deposits from central banks 47,351 47,352 47,052 — 300 Deposits from credit institutions 19,834 19,769 — 14,853 4,916 Customer deposits 349,761 349,277 2,129 209,345 137,803 Debt certificates issued 55,763 57,094 42,689 10,014 4,391 Other financial liabilities 15,183 15,242 — 9,636 5,606

Note 9 (Tables)

Note 9 (Tables)	12 Months Ended
	Dec. 31, 2023
Cash Cash balances at central banks and other demand deposits [Abstract]
Cash Cash Balances At Central Banks And Other Demand Deposits [Table Text Block]	The breakdown of the balance under the heading “Cash, cash balances at central banks and other demand deposits” in the consolidated balance sheets is as follows: Cash, cash balances at central banks and other demand deposits (Millions of Euros) Notes 2023 2022 2021 Cash on hand 7,751 6,533 6,877 Cash balances at central banks 60,750 67,314 55,004 Other demand deposits 6,916 5,909 5,918 Total 8.2 75,416 79,756 67,799

Note 10 (Tables)

Note 10 (Tables)	12 Months Ended
	Dec. 31, 2023
Financial assets and liabilities held for trading [Abstract]
Financial assets and liabilities held for trading [Table Text Block]	The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial assets and liabilities held for trading (Millions of Euros) Notes 2023 2022 2021 ASSETS Derivatives 34,293 39,908 30,933 Equity instruments 7.2.2 4,589 4,404 15,963 Credit institutions 277 317 816 Other sectors 4,312 4,086 15,147 Debt securities 7.2.2 28,569 24,367 25,790 Issued by central banks 740 821 936 Issued by public administrations 24,766 20,703 21,946 Issued by financial institutions 1,824 1,365 1,130 Other debt securities 1,239 1,477 1,778 Loans and advances 7.2.2 73,590 41,993 50,807 Loans and advances to central banks 2,809 1,632 3,467 Reverse repurchase agreement 2,809 1,632 3,467 Loans and advances to credit institutions 56,599 25,231 31,916 Reverse repurchase agreement (1) 56,569 25,201 31,901 Loans and advances to customers 14,182 15,130 15,424 Reverse repurchase agreement 13,615 14,832 14,916 Total assets 8.1 141,042 110,671 123,493 LIABILITIES Derivatives 33,045 37,909 31,705 Short positions 15,735 13,487 15,135 Deposits 72,935 44,215 44,294 Deposits from central banks 6,397 3,950 11,248 Repurchase agreement 6,397 3,950 11,248 Deposits from credit institutions 43,337 28,924 16,176 Repurchase agreement (1) 42,676 28,573 15,632 Customer deposits 23,201 11,341 16,870 Repurchase agreement 23,157 11,302 16,824 Total liabilities 8.1 121,715 95,611 91,135 (1) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. partially compensated with the evolution of "Repurchase agreement" of BBVA, S.A.
Derivatives by type of risk and by product or by type of market [Table Text Block]	Below is a breakdown by type of risk and market, of the fair value and notional amounts of derivatives recognized in the consolidated balance sheets, divided into organized and OTC markets: Derivatives by type of risk and by product or by type of market (Millions of Euros) 2023 2022 2021 Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Interest rate 15,251 13,171 4,741,629 19,563 18,220 4,286,531 15,782 15,615 3,902,760 OTC 15,248 13,167 4,722,314 19,558 18,215 4,278,249 15,774 15,610 3,884,561 Organized market 3 4 19,315 5 5 8,282 8 5 18,199 Equity instruments 2,587 3,723 70,804 3,067 3,770 76,749 2,802 4,123 72,656 OTC 1,212 2,551 49,038 1,810 2,127 52,739 775 1,930 48,695 Organized market 1,375 1,172 21,767 1,257 1,643 24,010 2,028 2,192 23,962 Foreign exchange and gold 15,911 15,608 632,780 16,971 15,528 589,705 12,104 11,471 533,395 OTC 15,889 15,590 623,203 16,954 15,505 580,850 12,090 11,445 526,590 Organized market 22 18 9,577 17 23 8,855 14 26 6,805 Credit 543 542 31,478 299 383 43,450 236 490 19,937 Credit default swap 540 528 29,844 293 282 41,760 236 254 18,121 Credit spread option — — — — — — — — — Total return swap 3 14 1,475 7 101 1,665 — 236 1,815 Other — — 159 — — 25 — — — Commodities 1 1 169 9 8 60 8 7 149 DERIVATIVES 34,293 33,045 5,476,860 39,908 37,909 4,996,495 30,933 31,705 4,528,897 Of which: OTC - credit institutions 23,998 23,977 1,463,433 28,385 26,454 1,205,895 21,069 22,488 1,073,921 Of which: OTC - other financial corporations 5,042 4,412 3,815,162 5,745 4,493 3,587,546 3,300 3,075 3,257,382 Of which: OTC - other 3,854 3,461 147,310 4,501 5,290 161,882 4,514 3,919 148,629

Note 11 (Tables)

Note 11 (Tables)	12 Months Ended
	Dec. 31, 2023
Non trading financial assets mandatorily at fair value through profit or loss [Abstract]
Non trading financial assets at fair value through profit or loss mandatorily measured at fair value [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Non-trading financial assets mandatorily at fair value through profit or loss (Millions of Euros) Notes 2023 2022 2021 Equity instruments (1) 7.2.2 7,963 6,511 5,303 Debt securities 7.2.2 484 129 128 Loans and advances to customers 7.2.2 290 247 655 Total 8.1 8,737 6,888 6,086 (1) As of December 31, 2023, BBVA maintains a direct stake in Neon Payments Limited of 22.6% of its capital stock (see Note 3).

Note 12 (Tables)

Note 12 (Tables)	12 Months Ended
	Dec. 31, 2023
Financial assets at fair value through profit or loss [abstract]
Financial Instruments Designated At Fair Value Through Profit Or Loss [Table Text Block]	The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial assets and liabilities designated at fair value through profit or loss (Millions of Euros) Notes 2023 2022 2021 ASSETS Debt securities 7.2.2 / 8.1 955 913 1,092 LIABILITIES Customer deposits 717 700 809 Debt certificates issued 3,977 3,288 3,396 Other financial liabilities: Unit-linked products 8,605 6,592 5,479 Total liabilities 8.1 13,299 10,580 9,683

Note 13 (Tables)

Note 13 (Tables)	12 Months Ended
	Dec. 31, 2023
Financial assets at fair value through other comprehensive income [abstract]
Financial assets at fair value through other comprehensive income [Table Text Block]	The breakdown of the balance by the main financial instruments in the consolidated balance sheets is as follows: Financial assets at fair value through other comprehensive income (Millions of Euros) Notes 2023 2022 2021 Equity instruments 7.2.2 1,217 1,198 1,320 Debt securities (1) 60,963 64,150 59,074 Loans and advances to credit institutions 7.2.2 26 26 27 Total 8.1 62,205 65,374 60,421 Of which: loss allowances of debt securities (84) (123) (74) (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”.
Financial assets at fair value through other comprehensive income equity instruments [Table Text Block]	The breakdown of the balance under the heading "Equity instruments" of the consolidated financial statements as of December 31, 2023, 2022 and 2021 is as follows: Financial assets at fair value through other comprehensive income. Equity instruments (Millions of Euros) 2023 2022 2021 Listed equity instruments Spanish companies shares 987 960 1,088 Foreign companies shares 111 138 125 Mexico 33 31 29 The United States 52 44 29 Turkey 6 7 5 Other countries 20 56 63 Subtotal listed equity instruments 1,098 1,098 1,214 Unlisted equity instruments Spanish companies shares 12 12 11 Foreign companies shares 106 87 95 Subtotal unlisted equity instruments 119 100 107 Total 1,217 1,198 1,320
Financial assets at fair value through other comprehensive income debt securities [Table Text Block]	The breakdown of the balance under the heading “Debt securities” of the consolidated financial statements as of December 31, 2023, 2022 and 2021, broken down by issuers, is as follows: Financial assets at fair value through other comprehensive income. Debt securities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Domestic debt securities Government and other government agency 13,757 17,429 16,544 Central banks — — — Credit institutions 901 854 1,176 Other issuers 454 495 635 Subtotal 15,111 18,779 18,355 Foreign debt securities Mexico 21,714 16,819 10,769 Government and other government agency 20,364 15,452 10,141 Central banks — — — Credit institutions 886 777 118 Other issuers 464 590 510 The United States 6,344 5,202 3,926 Government and other government agency 3,174 2,716 1,744 Central banks — — — Credit institutions 88 93 116 Other issuers 3,082 2,393 2,065 Turkey 2,459 3,858 2,920 Government and other government agency 2,445 3,858 2,920 Central banks — — — Credit institutions — — — Other issuers 14 — — Other countries 15,336 19,493 23,105 Other foreign governments and government agency 8,961 10,340 14,960 Central banks 508 3,094 1,696 Credit institutions 1,895 2,167 2,448 Other issuers 3,971 3,892 4,001 Subtotal 45,852 45,372 40,719 Total 60,963 64,150 59,074 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Financial assets at fair value through other comprehensive income debt securities by rating [Table Text Block]	The credit ratings of the issuers of debt securities as of December 31, 2023, 2022 and 2021 are as follows: Debt securities by rating 2023 2022 ⁽¹⁾ 2021 Fair value (Millions of Euros) % Fair value (Millions of Euros) % Fair value (Millions of euros) % AAA 1,000 1.6 % 3,339 5.2 % 2,413 4.1 % AA+ 3,685 6.0 % 490 0.8 % 586 1.0 % AA 384 0.6 % 420 0.7 % 646 1.1 % AA- 642 1.1 % 501 0.8 % 327 0.6 % A+ 1,798 3.0 % 3,866 6.0 % 6,179 10.5 % A 1,747 2.9 % 1,725 2.7 % 1,676 2.8 % A- 16,009 26.3 % 20,350 31.7 % 18,760 31.8 % BBB+ 22,854 37.5 % 17,252 26.9 % 11,465 19.4 % BBB 8,327 13.7 % 7,470 11.6 % 10,961 18.6 % BBB- 858 1.4 % 1,111 1.7 % 1,310 2.2 % BB+ or below 3,480 5.7 % 7,366 11.5 % 4,379 7.4 % Unclassified 178 0.3 % 258 0.4 % 372 0.6 % Total 60,963 100.0 % 64,150 100.0 % 59,074 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Accumulated other comprehensive income items that may be reclassified to profit or loss. Financial assets at fair value through other comprehensive income [Table Text Block]	The changes in the gains/losses (net of taxes) in 2023, 2022 and 2021 of debt securities recognized under the equity heading “Accumulated other comprehensive income (loss) – Items that may be reclassified to profit or loss – Fair value changes of debt instruments measured at fair value through other comprehensive income” and equity instruments recognized under the equity heading “Accumulated other comprehensive income (loss) – Items that will not be reclassified to profit or loss –Fair value changes of equity instruments measured at fair value through other comprehensive income” in the consolidated balance sheets are as follows: Other comprehensive income - Changes in gains (losses) (Millions of Euros) Debt securities Equity instruments Notes 2023 2022 ⁽¹⁾ 2021 2023 2022 ⁽¹⁾ 2021 Balance at the beginning (809) 1,274 2,069 (1,194) (1,079) (1,256) Valuation gains and losses 659 (3,049) (1,058) 80 (112) 183 Amounts transferred to income 5 20 (63) Amounts transferred to Reserves 2 (2) — Income tax and other (211) 946 325 (1) (1) (7) Balance at the end 30 (357) (809) 1,274 (1,112) (1,194) (1,079) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 (Tables)

Note 14 (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Assets At Amortised Cost [Abstract]
Financial assets at amortised cost [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets, according to the nature of the financial instrument, is as follows: Financial assets at amortized cost (Millions of Euros) Notes 2023 2022 2021 Debt securities ⁽¹⁾ 49,462 36,639 34,781 Central banks 22 21 15 Government 45,124 34,648 32,130 Credit institutions 2,366 400 817 Other financial corporations 923 602 525 Non-financial corporations 1,027 967 1,295 Loans and advances to central banks 7,151 4,401 5,681 Loans and advances to credit institutions 17,477 16,031 13,276 Reverse repurchase agreement 5,786 5,251 2,788 Other loans and advances 11,690 10,780 10,488 Loans and advances to customers 7.2.2 377,643 357,351 318,939 Government 23,265 20,892 19,682 Other financial corporations 13,251 12,765 9,804 Non-financial corporations 171,063 165,433 140,993 Other 170,063 158,261 148,461 Total 8.1 451,732 414,421 372,676 Of which: impaired assets of loans and advances to customers 7.2.2 14,444 13,493 14,657 Of which: loss allowances of loans and advances 7.2.5 (11,316) (11,291) (11,142) Of which: loss allowances of debt securities (82) (91) (52) (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”.
Debt securities at amortized cost [Table Text Block]	The breakdown of the balance under the heading “Debt securities” in the consolidated balance sheets, according to the issuer of the debt securities, is as follows: Financial assets at amortized cost. Debt securities. (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Domestic debt securities Government and other government agencies 25,857 18,397 17,693 Credit institutions 1,028 — — Other issuers 230 144 337 Subtotal 27,114 18,541 18,031 Foreign debt securities Mexico 6,277 4,222 8,464 Government and other government agencies 6,205 4,198 7,669 Credit institutions 72 24 614 Other issuers — 181 The United States 2,229 2,215 93 Government and other government agencies 2,188 2,159 10 Credit institutions 19 25 26 Other issuers 21 31 57 Turkey 6,284 5,332 2,634 Government and other government agencies 6,167 5,325 2,628 Credit institutions 8 6 5 Other issuers 109 — — Other countries 7,558 6,328 5,559 Other foreign governments and other government agency 4,707 4,568 4,144 Central banks 22 21 — Credit institutions 1,239 345 171 Other issuers 1,591 1,394 1,243 Subtotal 22,348 18,097 16,750 Total 49,462 36,639 34,781 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Debt securities by rating [Table Text Block]	As of December 31, 2023, 2022 and 2021, the distribution according to the credit quality (ratings) of the issuers of debt securities classified as financial assets at amortized cost, was as follows: Debt securities by rating 2023 2022 ⁽¹⁾ 2021 Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % AAA 1,829 3.7 % 3,068 8.4 % 143 0.4 % AA+ 3,096 6.3 % 217 0.6 % 77 0.2 % AA 142 0.3 % 82 0.2 % 76 0.2 % AA- 60 0.1 % 76 0.2 % 69 0.2 % A+ 25 0.1 % 13 — % 62 0.2 % A 444 0.9 % 524 1.4 % 619 1.8 % A- 24,739 50.0 % 17,050 46.5 % 16,312 46.9 % BBB+ 6,615 13.4 % 4,710 12.9 % 9,336 26.8 % BBB 4,551 9.2 % 4,091 11.2 % 3,853 11.1 % BBB- 548 1.1 % 351 1.0 % 527 1.5 % BB+ or below 6,642 13.4 % 5,789 15.8 % 3,120 9.0 % Unclassified 772 1.6 % 667 1.8 % 587 1.7 % Total 49,462 100.0 % 36,639 100.0 % 34,781 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Loans and advances to customers [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets, according to their nature, is as follows: Loans and advances to customers (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 On demand and short notice 3,040 4,101 3,161 Credit card debt 22,889 18,898 14,030 Trade receivables 25,096 25,987 19,524 Finance leases 9,463 8,571 7,911 Reverse repurchase agreement 92 102 23 Other term loans 312,186 294,059 268,047 Advances that are not loans 4,877 5,633 6,243 Total 377,643 357,351 318,939 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Loans and advances maturing in more than one year by interest rate fixed and floating [Table Text Block]	The following table sets forth a breakdown of the gross carrying amount "Loans and advances to customers" with maturity greater than one year by fixed and variable rate as of December 31, 2023, 2022 and 2021: Loans and advances maturing in more than one year by fixed and variable rate (Millions of Euros) 2023 2022 2021 Domestic Foreign Total Domestic Foreign Total Domestic Foreign Total Fixed rate 63,060 77,381 140,441 59,394 67,874 127,269 56,756 62,228 118,984 Variable rate 66,188 61,723 127,911 69,647 53,440 123,087 75,544 44,237 119,781 Total 129,248 139,104 268,352 129,042 121,314 250,356 132,300 106,465 238,765
Securitized loans [Table Text Block]	This heading also includes some loans that have been securitized. The balances recognized in the consolidated balance sheets corresponding to these securitized loans are as follows: Securitized loans (Millions of Euros) 2023 2022 2021 Securitized mortgage assets 20,406 23,290 23,695 Other securitized assets 8,493 5,495 6,547 Total 28,899 28,784 30,242

Note 15 (Tables)

Note 15 (Tables)	12 Months Ended
	Dec. 31, 2023
Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate risk [Abstract]
Derivatives Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk [Table Text Block]	The balance of these headings in the consolidated balance sheets is as follows: Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Millions of Euros) 2023 2022 2021 ASSETS Derivatives - Hedge accounting 1,482 1,891 1,805 Fair value changes of the hedged items in portfolio hedges of interest rate risk (97) (148) 5 LIABILITIES Derivatives - Hedge accounting 2,625 3,303 2,626 Fair value changes of the hedged items in portfolio hedges of interest rate risk — — —
Derivatives Hedge accounting breakdown by type of risk and type of hedge [Table Text Block]	The details of the net positions by hedged risk of the fair value of the hedging derivatives recognized in the consolidated balance sheets are as follows: Derivatives - Hedge accounting. Breakdown by type of risk and type of hedge (Millions of Euros) Notes 2023 2022 2021 Assets Liabilities Assets Liabilities Assets Liabilities Interest rate 422 364 656 376 697 322 OTC 422 364 656 376 697 322 Organized market — — — — — — Equity — — — — — — OTC — — — — — — Organized market — — — — — — Foreign exchange and gold 221 31 259 83 463 135 OTC 221 31 259 83 463 135 Organized market — — — — — — Credit — — — — — — Commodities — — — — — — Other — — — — FAIR VALUE HEDGES 644 395 915 459 1,160 457 Interest rate 490 2,048 470 2,763 228 1,786 OTC 483 2,048 454 2,763 226 1,786 Organized market 7 — 16 2 — Equity — — — — — — Foreign exchange and gold 291 41 239 46 180 79 OTC 291 41 239 45 180 79 Organized market — 1 — 1 — — Credit — — — — — — Commodities — — — — — — Other — — — — — — CASH FLOW HEDGES 781 2,089 708 2,809 408 1,865 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 27 136 213 26 198 196 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 3 5 7 8 18 95 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK 27 — 48 1 21 13 DERIVATIVES-HEDGE ACCOUNTING 8.1 1,482 2,625 1,891 3,303 1,805 2,626 of which: 1,237 2,404 1,577 2,911 1,454 2,248 of which: 237 221 297 391 349 378
Hedged items in fair value hedges [Table Text Block]	Below there is a breakdown of the items covered by fair value hedges: Hedged items in fair value hedges (Millions of Euros) Carrying amount Hedge adjustments included in the carrying amount of assets/liabilities ⁽¹⁾ Remaining adjustments for discontinued micro hedges including hedges of net positions ⁽¹⁾ Hedged items in portfolio hedge of interest rate risk Recognized ineffectiveness in profit or loss 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 ASSETS Financial assets measured at fair value through other comprehensive income 11,308 13,667 (652) (1,024) 172 2 — — (5) (45) Debt securities 11,308 13,667 (652) (1,024) 172 2 — — Interest rate 11,308 13,601 (652) (1,024) 172 2 — — Foreign exchange and gold — — — — — — — — Other — 66 — — — — — — Loans and advances — — — — — — — — Interest rate — — — — — — — — Foreign exchange and gold — — — — — — — — Other — — — — — — — — Financial assets measured at amortized cost 3,248 4,838 (114) (485) 685 13 936 1,179 14 — Debt securities 2,304 4,164 (119) (397) 685 13 — — Interest rate 2,304 4,164 (119) (397) 685 13 — — Foreign exchange and gold — — — — — — — — Loans and advances 944 675 5 (88) — — 936 1,179 Interest rate 944 672 5 (88) — — 936 1,179 Foreign exchange and gold — 3 — — — — LIABILITIES Financial liabilities measured at amortized costs 47,180 34,898 509 1,299 — — — — (20) (5) Debt securities issued 37,916 33,447 600 1,372 — — — — Interest rate 37,915 33,447 600 1,372 — — — — Foreign exchange and gold 1 — — — — — — — Deposits 9,263 1,451 (91) (73) — — — — Interest rate 9,258 1,446 (91) (73) — — — — Foreign exchange and gold 5 5 — — — — — —
Calendar of the notional maturities of the hedging instruments [Table Text Block]	The following is the breakdown, by their notional maturities, of the hedging instruments as of December 31, 2023: Calendar of the notional maturities of the hedging instruments (Millions of Euros) Up to 3 months From 3 months to 1 year From 1 to 5 years More than 5 years Total FAIR VALUE HEDGES 6,235 15,249 28,110 13,953 63,547 Of which: Interest rate 5,627 15,230 27,360 13,091 61,308 CASH FLOW HEDGES 7,819 9,691 14,635 4,963 37,107 Of which: Interest rate 7,819 9,683 13,232 2,843 33,577 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 11,391 1,343 — — 12,735 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 250 597 1,828 747 3,423 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — 311 46 358 DERIVATIVES-HEDGE ACCOUNTING 25,695 26,881 44,884 19,709 117,169

Note 16 (Tables)

Note 16 (Tables)	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Investments In Subsidiaries Joint Ventures And Associates [Table Text Block]	The breakdown of the balance of “Investments in joint ventures and associates” in the consolidated balance sheets is as follows: Joint ventures and associates. Breakdown by entities (Millions of Euros) Joint ventures 2023 2022 2021 Altura Markets, S.V., S.A. 31 42 76 RCI Colombia 40 36 40 Desarrollos Metropolitanos del Sur, S.L. — — 18 Other 22 22 18 Subtotal 93 100 152 Associates Metrovacesa, S.A. 259 259 259 BBVA Allianz Seguros y Reaseguros, S.A. 251 248 254 Atom Holdco Ltd 211 132 77 Solaris SE 34 66 61 Cofides 35 31 28 Redsys servicios de procesamiento, S.L. 22 20 19 Servicios Electrónicos Globales S.A. de CV 36 23 15 Other 37 37 35 Subtotal 883 816 749 Total 976 916 900
Joint ventures and associates changes in the year [Table Text Block]	The following is a summary of the changes in the years ended December 31, 2023, 2022 and 2021 under this heading in the consolidated balance sheets: Joint ventures and associates. Changes in the year (Millions of Euros) Notes 2023 2022 2021 Balance at the beginning 916 900 1,437 Acquisitions and capital increases 95 87 22 Disposals and capital reductions (42) (88) (1) Transfers and changes of consolidation method 4 — (559) Share of profit and loss 39 26 20 1 Exchange differences 16 (1) 9 Impairment / reversal of impairment ⁽¹⁾ (9) 42 — Dividends, valuation adjustments and other (30) (44) (9) Balance at the end 976 916 900 (1) See Note 16.3.

Note 17 (Tables)

Note 17 (Tables)	12 Months Ended
	Dec. 31, 2023
Tangible Assets [Abstract]
Tangible Assets Breakdown By Type Of Asset [Table Text Block]	The breakdown and movement of the balance and changes of this heading in the consolidated balance sheets, according to the nature of the related items, is as follows: Tangible assets. Breakdown by type of assets and changes in the year 2023 (Millions of Euros) Land and buildings Work in progress Furniture, fixtures and vehicles Right to use asset Investment Properties Assets leased out under an operating lease Total Notes Own use Investment Properties Cost Balance at the beginning 6,255 93 5,833 1,871 214 242 582 15,089 Additions 270 190 549 499 10 39 238 1,795 Retirements (19) (4) (117) (195) — (10) (4) (349) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 12 (72) 41 (18) 15 — — (22) Exchange difference and other (113) (8) 118 55 — (115) (16) (79) Balance at the end 6,405 199 6,424 2,212 238 156 800 16,432 Accrued depreciation Balance at the beginning 1,064 — 4,204 653 70 23 52 6,066 Additions 45 121 — 426 296 21 3 — 867 Additions transfer to discontinued operations — — — — — — — — Retirements (9) — (73) (26) — (1) (1) (111) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (2) — (7) (5) 3 1 — (11) Exchange difference and other 52 — 57 (12) — (9) (3) 85 Balance at the end 1,226 — 4,606 906 93 17 49 6,896 — — — — — — Impairment Balance at the beginning 154 — — 65 50 17 — 286 Additions 49 15 — 1 (14) 12 2 — 16 Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers — — — — — — — — Exchange difference and other (3) — (1) (11) — (3) — (18) Balance at the end 166 — — 40 61 15 — 283 Net tangible assets Balance at the beginning 5,036 93 1,629 1,153 94 201 530 8,737 Balance at the end 5,013 199 1,817 1,266 84 124 751 9,253 Tangible assets. Breakdown by type of assets and changes in the year 2022 (Millions of Euros) Right to use asset Investment properties Assets leased out under an operating lease Total Notes Land and buildings Work in progress Furniture, fixtures and vehicles Own use Investment properties Cost Balance at the beginning 4,350 67 5,388 3,154 162 147 267 13,535 Additions 366 71 475 578 19 95 122 1,726 Retirements (4) — (140) (1,620) (1) (19) — (1,784) Acquisition of subsidiaries in the year ⁽¹⁾ 1,392 — — — — — — 1,392 Disposal of entities in the year — — — — — — — — Transfers (21) (54) (40) (274) 33 (4) — (360) Exchange difference and other ⁽²⁾ 171 9 150 32 — 23 193 580 Balance at the end 6,255 93 5,833 1,871 214 242 582 15,089 Accrued depreciation Balance at the beginning 900 — 3,833 811 47 17 33 5,641 Additions 45 108 — 393 295 18 5 — 818 Additions transfer to discontinued operations — — — — — — — — Retirements (2) — (132) (244) — (13) — (392) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 11 — 52 (220) 6 13 — (139) Exchange difference and other 47 — 59 11 — 2 19 138 Balance at the end 1,064 — 4,204 653 70 23 52 6,066 Impairment Balance at the beginning 114 — — 427 34 21 — 596 Additions 49 (29) — 4 (45) 16 2 — (53) Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (1) — — (7) — 21 — 13 Exchange difference and other 70 — (4) (309) — (26) — (270) Balance at the end 154 — — 65 50 17 — 286 Net tangible assets Balance at the beginning 3,336 67 1,555 1,916 81 109 234 7,298 Balance at the end 5,036 93 1,629 1,153 94 201 530 8,737 (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. (2) The variation in 2022 corresponds mainly to the effect of the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation in Turkey (see Note 2.2.18). Tangible assets. Breakdown by type of assets and changes in the year 2021 (Millions of euros) Right to use asset Total Notes Land and buildings Work in progress Furniture, fixtures and vehicles Own use Investment properties Investment properties Assets leased out under an operating lease Cost Balance at the beginning 4,380 52 5,515 3,061 123 201 345 13,677 Additions 58 31 262 230 4 — — 585 Retirements (5) (1) (281) (59) — (1) — (347) Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (112) (8) (29) (34) 35 1 — (147) Exchange difference and other 29 (7) (79) (44) — (54) (78) (233) Balance at the end 4,350 67 5,388 3,154 162 147 267 13,535 Accrued depreciation Balance at the beginning 833 — 3,859 582 27 16 54 5,371 Additions 45 79 — 358 284 15 4 — 740 Additions transfer to discontinued operations — — — — — — — — Retirements (19) — (259) (16) — (4) — (298) Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (23) — (17) (5) 5 1 — (39) Exchange difference and other 30 — (108) (34) — — (21) (134) Balance at the end 900 — 3,833 811 47 17 33 5,641 Impairment Balance at the beginning 149 — — 274 26 34 — 483 Additions ⁽¹⁾ 49 — — 1 151 8 1 — 161 Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Companies held for sale — — — — — — — — Transfers (24) — 17 — — 2 — (5) Exchange difference and other (11) — (18) 2 — (16) — (43) Balance at the end 114 — — 427 34 21 — 596 Net tangible assets Balance at the beginning 3,398 52 1,656 2,205 70 151 291 7,823 Balance at the end 3,336 67 1,555 1,916 81 109 234 7,298 (1) In 2021, it includes allowances on right of use of the rented offices after the agreement with union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 24 and 49).
Tangible assets by Spanish and foreign subsidiaries net assets values [Table Text Block]	The following table shows the detail of the net carrying amount of the tangible assets corresponding to Spanish and foreign subsidiaries as of December 31, 2023, 2022 and 2021: Tangible assets by Spanish and foreign subsidiaries. Net assets values (Millions of euros) 2023 2022 ⁽¹⁾ 2021 BBVA and Spanish subsidiaries 4,183 4,285 3,873 Foreign subsidiaries 5,071 4,452 3,425 Total 9,253 8,737 7,298 (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group.

Note 18 (Tables)

Note 18 (Tables)	12 Months Ended
	Dec. 31, 2023
Intangible assets and goodwill [abstract]
Reconciliation Of Changes In Goodwill [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets, according to the CGU to which goodwill has been allocated, is as follows: Goodwill. Breakdown by CGU and changes of the year (Millions of Euros) Mexico Turkey (1) Colombia Chile Other Total Balance as of December 31, 2020 478 254 143 27 8 910 Additions — — — — — — Exchange difference 26 (102) (9) (3) — (88) Impairment — — — — (4) (4) Companies held for sale — — — — — — Balance as of December 31, 2021 504 152 134 24 4 818 Additions — — — — — — Exchange difference 55 — (16) 1 1 41 Impairment — — — — — — Companies held for sale — — — — — — Other — (152) — — — (152) Balance as of December 31, 2022 559 — 118 25 5 707 Additions — — — — — — Exchange difference 64 — 25 (1) — 88 Impairment — — — — — — Companies held for sale — — — — — — Balance as of December 31, 2023 623 — 143 24 5 795 ( 1) As a result of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value as of December 31, 2021, and as a consequence the goodwill as well as other intangible assets (see Note 18.2) assigned to the Turkish CGU were derecognized.
Impairment test assumptions CGU goodwill in Mexico [Table Text Block]	The Group’s most significant goodwill corresponds to the CGU in Mexico, the main significant assumptions used in the impairment test of this CGU as of December 31, 2023, 2022 and 2021 are as follows: Impairment test assumptions CGU goodwill in Mexico 2023 2022 2021 Discount rate (1) 12.4 % 12.7 % 14.5 % Growth rate 5.6 % 6.3 % 5.7 % (1) After tax discount rates.
Sensitivity analysis for main assumptions Mexico [Table Text Block]	The assumptions with a greater relative weight and whose volatility could have a greater impact in determining the present value of the cash flows starting on the fourth year are the discount rate and the growth rate. The table below shows, in a simplified way, the relative variation by which the CGU recoverable amount would increase (or decrease) as a result of a reasonable variation (in basis points) of each of the key assumptions, considered in isolation as of December 31, 2023, where, in each case, their value in use would continue to exceed their book value : Sensitivity analysis for main assumptions - Mexico Increase of 50 basis points (1) Decrease of 50 basis points (1) Discount rate (6 %) 7 % Growth rate 5 % (4 %) (1) The use of very different discount or growth rates would be inconsistent with the macroeconomic assumptions under which the Unit builds its business plan, such as inflation assumptions or interest rate curves used to determine cash flows.
Other Intangible Assets [Table Text Block]	The breakdown of the balance and changes of this heading in the consolidated balance sheets, according to the nature of the related items, is as follows: Other intangible assets (Millions of Euros) 2023 2022 2021 Computer software acquisition expense 1,535 1,393 1,239 Other intangible assets with an infinite useful life 8 13 12 Other intangible assets with a definite useful life 25 43 128 Total 1,568 1,449 1,379
Changes in other intangible assets [Table Text Block]	The changes of this heading during the years ended December 31, 2023, 2022 and 2021, are as follows: Other intangible assets (Millions of Euros) Notes Computer software Other intangible assets Total of intangible assets 2023 2022 2021 2023 2022 2021 2023 2022 2021 Balance at the beginning 1,396 1,239 1,202 56 140 233 1,453 1,379 1,435 Additions 688 592 470 1 — — 689 592 470 Amortization in the year 45 (518) (490) (446) (19) (20) (48) (536) (510) (494) Amortization transfer to discontinued operations — — — — — — — — — Exchange differences and other (6) 80 29 (5) (63) (45) (11) 17 (16) Impairment (26) (25) (15) — — — (26) (25) (15) Balance at the end 1,535 1,396 1,239 33 56 140 1,568 1,453 1,379

Note 19 (Tables)

Note 19 (Tables)	12 Months Ended
	Dec. 31, 2023
Tax Assets And Liabilties [Abstract]
Reconciliation of taxation at the Spanis corporation tax rate to the tax expense recorded for the year [Table Text Block]	The reconciliation of the Group’s corporate income tax expense resulting from the application of the Spanish corporation income tax rate and the income tax expense recognized in the consolidated income statements is as follows: Reconciliation of taxation at the Spanish corporation tax rate to the tax expense recorded for the year (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Amount Effective tax % Amount Effective tax % Amount Effective tax % Profit or (-) loss before tax 12,419 10,268 8,399 From continuing operations 12,419 10,268 7,247 From discontinued operations — — 1,152 Taxation at Spanish corporation tax rate 30% 3,726 3,080 2,519 Lower/higher effective tax rate from foreign entities ⁽²⁾ 2 317 (332) Mexico (194) 27 % (203) 26 % (109) 27 % Chile (4) 11 % (8) 13 % (5) 22 % Colombia (25) 14 % 24 37 % — 30 % Peru (55) 20 % (16) 27 % 5 31 % Turkey 314 57 % 621 70 % (125) 23 % USA 5 33 % 17 17 % (62) 19 % Others (39) (118) (36) Revenues with lower tax rate (dividends/capital gains) (26) (25) (30) Equity accounted earnings (8) (6) — USA Sale effect — — 544 Other effects 309 139 80 Income tax 4,003 3,505 2,781 Of which: Continuing operations 4,003 3,505 1,909 Of which: Discontinued operations — 872 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Calculated by applying the difference between the tax rate in force in Spain and the one applied to the Group’s earnings in each jurisdiction.
Effective tax rate [Table Text Block]	The effective income tax rate for the Group in the years ended December 31, 2023, 2022 and 2021 is as follows: Effective tax rate (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Income from: Consolidated tax group in Spain 2,601 2,206 655 Other Spanish entities 6 (462) 5 Foreign entities 9,812 8,524 6,587 Gains (losses) before taxes from continuing operations 12,419 10,268 7,247 Tax expense or income related to profit or loss from continuing operations 4,003 3,505 1,909 Effective tax rate 32.2 % 34.1 % 26.3 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Tax recognized in total equity [Table Text Block]	In addition to the income tax expense recognized in the consolidated income statements, the Group has recognized the following income tax charges for these items in the consolidated total equity: Tax recognized in total equity (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Charges/credits to total equity Debt securities and others 217 801 (174) Equity instruments 68 (56) (33) Total 285 745 (207) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Tax assets and liabilities [Table Text Block]	The balance under the heading "Tax assets" in the consolidated balance sheets includes the balances receivable from the tax authorities relating to current and deferred tax assets. The balance under the “Tax liabilities” heading includes the balances payable in respect of the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows: Tax assets and liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Tax assets Current tax assets (2) 2,860 1,978 932 Deferred tax assets 14,641 14,747 14,917 Pensions 445 422 416 Financial Instruments 1,069 1,478 1,408 Loss allowances 2,127 1,834 1,676 Other 1,467 1,261 1,101 Secured tax assets 8,534 8,689 9,304 Tax losses 999 1,063 1,012 Total 17,501 16,725 15,850 Tax liabilities Current tax liabilities (2) 878 1,415 644 Deferred tax liabilities 1,677 1,520 1,769 Financial Instruments 761 557 1,124 Other 916 963 645 Total 2,554 2,935 2,413 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The increase in current tax assets relates mainly to a higher tax receivable by the tax group in Spain for the refund of year 2023 corporate income tax as a result of the instalment payments made in the year. On the other hand, the decrease in current tax liabilities mainly corresponds to a lower tax payable in Mexico in relation to the estimated corporate income tax for the year 2023, due to the increase in its installment payments for the year.
Deferred tax assets and liabilities annual variations [Table Text Block]	The most significant variations of the deferred tax assets and liabilities in the years 2023, 2022 and 2021 were derived from the following items: Deferred tax assets and liabilities. Annual variations (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Deferred assets Deferred liabilities Deferred assets Deferred liabilities Deferred assets Deferred liabilities Balance at the beginning 14,747 1,520 14,917 1,769 15,327 1,809 Pensions 23 — 6 — (23) — Financials instruments (409) 204 70 (567) 116 216 Loss allowances 293 — 158 — (7) — Others 206 (47) 160 318 32 (256) Secured tax assets (155) — (615) — (57) — Tax losses (64) — 51 — (471) — Balance at the end 14,641 1,677 14,747 1,520 14,917 1,769 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Secured tax assets [Table Text Block]	Of the deferred tax assets contained in the above table, the detail of the items and amounts guaranteed by the Spanish government, broken down by the items that originated those assets is as follows: Secured tax assets (Millions of Euros) 2023 2022 2021 Pensions 1,622 1,622 1,759 Loss allowances 6,912 7,067 7,545 Total 8,534 8,689 9,304

Note 20 (Tables)

Note 20 (Tables)	12 Months Ended
	Dec. 31, 2023
Other Assets And Liabilities [Abstract]
Other assets and liabilities [Table Text Block]	The composition of the balance of these captions of the consolidated balance sheets is: Other assets and liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ASSETS Inventories 276 325 424 Transactions in progress 41 93 131 Accruals 1,368 1,461 730 Other items 1,174 706 649 Total 2,859 2,586 1,934 LIABILITIES Transactions in progress 133 44 48 Accruals 2,878 2,595 2,137 Other items 2,466 2,269 1,436 Total 5,477 4,909 3,621 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 21 (Tables)

Note 21 (Tables)	12 Months Ended
	Dec. 31, 2023
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract]
Non Current Assets And Disposal Groups Classified As Held For Sale Breakdown By Items [Table Text Block]	The composition of the balances under the headings “Non-current assets and disposal groups classified as held for sale” and “liabilities included in disposal groups classified as held for sale” in the consolidated balance sheets, broken down by the origin of the assets, is as follows: Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale. Breakdown by items (Millions of Euros) 2023 2022 2021 ASSETS Foreclosures and recoveries 943 1,070 1,218 Other assets from tangible assets (1) 1,026 1,063 563 Companies held for sale 43 40 41 Accrued amortization (2) (84) (93) (112) Impairment losses (1) (1,005) (1,057) (650) Total 923 1,022 1,061 LIABILITIES Companies held for sale — — — Total — — — (1) The variation in 2022 corresponds mainly to the reclassification of offices previously in own use and now closed after the closing of the transaction with Merlin Properties (see Note 17). In 2021, it includes the reclassification of owned offices and facilities from "tangible assets" to "non-current assets and disposal groups classified as held for sale" and the adjustments due to the closing of the owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 24 and 50). (2) Corresponds to the accumulated depreciation of assets before their classification as "Non-current assets and disposal groups classified as held for sale".
Non current assets and disposal groups classified as held for sale changes in the year [Table Text Block]	The changes in the balances of “Non-current assets and disposal groups classified as held for sale” in 2023, 2022 and 2021, are as follows: Non-current assets and disposal groups classified as held for sale (Millions of Euros) Notes Foreclosed assets Property, Plant and Equipment (1) Companies held for sale Total Cost (a) 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 Balance at the beginning 1,070 1,218 1,398 970 452 391 39 41 84,792 2,078 1,711 86,581 Additions 190 211 245 2 1 — 2 522 192 214 768 Contributions from merger transactions — — — — 592 — — — — — 592 — Retirements (sales and other decreases) (323) (353) (298) (34) (110) (39) — (2) (83,172) (357) (465) (83,509) Transfers, other movements and exchange differences 6 (6) (127) 5 35 100 4 (2) (2,100) 15 27 (2,128) Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 943 1,070 1,218 943 970 452 43 39 41 1,928 2,078 1,711 Impairment (b) Balance at the beginning 356 381 386 701 269 208 — — — 1,057 650 594 Additions 50 16 64 36 27 158 62 — — — 42 221 97 Additions transfer to discontinued operations — — — — — — — — — — — — Contributions from merger transactions — — — — — — — — — — — — Retirements (sales and other decreases) (89) (102) (65) (22) (46) (13) — — — (111) (148) (78) Other movements and exchange differences 16 13 24 1 320 12 — — — 17 333 36 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 299 356 381 706 701 269 — — — 1,005 1,057 650 Balance at the end of net carrying value (a)-(b) 644 714 837 236 269 183 43 39 41 923 1,022 1,061 (1) Net of accumulated amortization until assets were reclassified as “Non-current assets and disposal groups classified as held for sale”.

Note 22 (Tables)

Note 22 (Tables)	12 Months Ended
	Dec. 31, 2023
Financial liabilities at amortised cost [Abstract]
Financial liabilities at amortised cost [Table Text Block]	The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Financial liabilities measured at amortized cost (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Deposits 473,835 459,662 416,947 Deposits from central banks 20,309 38,323 47,351 Demand deposits 159 205 8 Time deposits and other 12,203 33,534 41,790 Repurchase agreement 7,947 4,584 5,553 Deposits from credit institutions 40,039 26,935 19,834 Demand deposits 6,629 11,434 7,601 Time deposits and other 12,871 11,787 8,599 Repurchase agreement 20,539 3,714 3,634 Customer deposits 413,487 394,404 349,761 Demand deposits 317,543 316,082 293,015 Time deposits and other 91,740 76,063 55,479 Repurchase agreement 4,204 2,259 1,267 Debt certificates issued 68,707 55,429 55,763 Other financial liabilities 15,046 14,081 15,183 Total 557,589 529,172 487,893 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Deposits from banks [Table Text Block]	The breakdown by geographical area and the nature of the related instruments of this heading in the consolidated balance sheets is as follows: Deposits from credit institutions (Millions of Euros) Demand deposits Time deposits and other (1) Repurchase agreements Total December 2023 Spain 1,252 2,434 899 4,585 Mexico 789 642 — 1,431 Turkey 16 535 37 587 South America 416 2,242 — 2,659 Rest of Europe 3,011 2,742 19,344 25,097 Rest of the world 1,145 4,277 259 5,681 Total 6,629 12,871 20,539 40,039 December 2022 Spain 1,215 1,429 67 2,709 Mexico 855 732 — 1,587 Turkey 10 633 29 672 South America 844 2,251 — 3,095 Rest of Europe 3,613 2,944 1,669 8,226 Rest of the world 4,897 3,797 1,949 10,645 Total 11,434 11,787 3,714 26,935 December 2021 Spain 1,671 375 — 2,047 Mexico 444 558 — 1,002 Turkey 83 672 37 792 South America 532 1,225 — 1,757 Rest of Europe 1,841 3,110 2,549 7,500 Rest of the world 3,030 2,657 1,048 6,736 Total 7,601 8,599 3,634 19,834 (1) Subordinated deposits are included amounting to €35, €24 and €14 million as of December 31, 2023, 2022 and 2021, respectively.
Customer Deposits [Table Text Block]	The breakdown by geographical area of this heading in the consolidated balance sheets, by type of instrument is as follows: Customer deposits (Millions of Euros) Demand deposits Time deposits and other Repurchase agreements Total December 2023 Spain 179,825 17,952 4 197,780 Mexico 76,122 15,067 1,638 92,828 Turkey 20,423 21,485 1,331 43,239 South America 26,888 17,349 — 44,237 Rest of Europe 12,863 16,257 1,231 30,350 Rest of the world 1,422 3,630 — 5,052 Total 317,543 91,740 4,204 413,487 December 2022 ⁽¹⁾ Spain 188,803 13,937 2 202,742 Mexico 64,671 12,916 630 78,217 Turkey 22,117 17,254 747 40,118 South America 27,083 14,505 — 41,587 Rest of Europe 11,670 14,224 880 26,774 Rest of the world 1,737 3,228 — 4,965 Total 316,082 76,063 2,259 394,404 December 2021 Spain 181,565 10,407 2 191,974 Mexico 53,359 10,383 505 64,247 Turkey 19,725 13,644 6 33,376 South America 28,039 9,822 — 37,861 Rest of Europe 8,933 9,546 754 19,234 Rest of the world 1,393 1,677 — 3,070 Total 293,015 55,479 1,267 349,761 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Deposits from debt certificates [Table Text Block]	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) 2023 2022 2021 In Euros 44,622 35,611 36,289 Promissory bills and notes 5,416 1,079 319 Non-convertible bonds and debentures 16,256 16,979 15,712 Covered bonds 6,734 7,665 9,930 Hybrid financial instruments (1) 800 959 366 Securitization bonds 2,168 2,501 2,302 Wholesale funding 6,182 139 438 Subordinated liabilities 7,066 6,289 7,221 Convertible perpetual certificates 3,000 3,000 3,500 Other non-convertible subordinated liabilities 4,066 3,289 3,721 In foreign currencies 24,086 19,819 19,475 Promissory bills and notes 336 351 579 Non-convertible bonds and debentures 8,684 9,323 7,885 Covered bonds 99 114 178 Hybrid financial instruments (1) 4,722 3,724 2,843 Securitization bonds — — 4 Wholesale funding 1,479 111 412 Subordinated liabilities 8,766 6,196 7,574 Convertible perpetual certificates 2,715 1,876 1,771 Other non-convertible subordinated liabilities 6,051 4,320 5,803 Total 68,707 55,429 55,763 (1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9.
Memorandum item subordinated liabilities at amortized cost [Table Text Block]	The breakdown of this heading in the consolidated balance sheets is as follows: Memorandum item: Subordinated liabilities at amortized cost (Millions of Euros) 2023 2022 2021 Subordinated deposits 35 24 14 Subordinated certificates 15,832 12,485 14,794 Compound convertible financial instruments 5,715 4,876 5,271 Other non-convertible subordinated liabilities 10,117 7,609 9,523 Total 15,867 12,509 14,808
Other Financial Liabilities [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Other financial liabilities (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Lease liabilities (2) 1,507 1,398 2,560 Creditors for other financial liabilities 3,439 3,584 2,657 Collection accounts 3,642 3,426 3,839 Creditors for other payment obligations 6,458 5,673 6,127 Total 15,046 14,081 15,183 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties for which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group (see Note 17).
Maturity of future payment obligations [Table Text Block]	A breakdown of the maturity of the lease liabilities, due after December 31, 2023 is provided below: Maturity of future payment obligations (Millions of Euros) Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total Leases 236 264 182 824 1,507

Note 23 (Tables)

Note 23 (Tables)	12 Months Ended
	Dec. 31, 2023
Assets and Liabilities under reinsurance and insurance contracts [Abstract]
Liabilities under Insurance and Reinsurance Contracts [Table Text Block]	The heading “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets includes the liabilities recorded under insurance contracts of the consolidated insurance entities in accordance with IFRS 17 (see Note 2.2.8). The breakdown of the balance of this heading as of December 31, 2023 and 2022 is as follows: Liabilities under insurance and reinsurance contracts (Millions of Euros) 2023 2022 ⁽¹⁾ Insurances 12,110 10,131 Liabilities for remaining coverage 10,900 9,157 Estimates of the present value of cash flows 9,361 7,745 Risk adjustment 171 155 Cost service margin 1,213 1,097 Loss component 1 1 Premium reserve - Simplified Model 154 159 Liabilities for incurred claims 1,210 974 Estimates of the present value of cash flows 1,191 959 Risk adjustment 19 15 Reinsurances — — Total 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Liaiblities under insurance and reinsurance contracts by type of product [Table Text Block]	In addition, the breakdown of “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets by type of product as of December 31, 2023 and 2022 is shown in the table below: Liabilities under insurance and reinsurance contracts by type of product (Millions of Euros) 2023 2022 ⁽¹⁾ Liabilities for remaining coverage 10,900 9,157 Life insurance 10,657 8,962 Individuals life insurance ⁽²⁾ 8,900 7,592 Group insurance ⁽³⁾ 1,757 1,370 Non-life insurance 243 195 Liabilities for incurred claims 1,210 974 Total 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Provides coverage in the event of death, disability and serious illness. (3) The insurance policies purchased by employers (other than BBVA Group) on behalf of their employees.
Variation in liabilities under Insurance and Reinsurance Contracts analyzed by liabilities for the remaining coverage and liabilities for incurred claims [Table Text Block]	The variation in liabilities under insurance and reinsurance contracts analyzed by liability for the remaining coverage and liability for incurred claims for the years 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by liabilities for the remaining coverage and the liabilities for incurred claims. December 2023 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Excluding loss component Loss component Initial balance 7,871 1,286 974 10,131 Result from insurance service (2,817) (5) 1,532 (1,289) Insurance revenue (2,887) (10) — (2,897) Amounts related to changes in liability for remaining coverage (995) (10) — (1,005) Recovery of insurance acquisition cash flows (23) — — (23) Other (1,869) — — (1,869) Insurance expense 70 5 1,532 1,607 Incurred claims and other expenses — — 1,509 1,509 Amortization of insurance acquisition cash flows 70 — — 70 Changes to liability for incurred claims — — 23 23 Impairment (reversal) from loss component — 5 — 5 Financial income/ expenses from insurance contracts 495 68 1 564 Exchange differences 795 212 59 1,067 Cash flows 2,692 302 (1,357) 1,637 Final balance 9,036 1,864 1,210 12,110 Variation in liabilities under insurance and reinsurance contracts analyzed by liabilities for the remaining coverage and the liabilities for incurred claims. December 2022 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Excluding loss component Loss component Initial balance 7,657 1,218 1,097 9,972 Result from insurance service (2,201) (244) 1,260 (1,186) Insurance revenue (2,329) (246) — (2,575) Amounts related to changes in liability for remaining coverage (828) (246) — (1,074) Recovery of insurance acquisition cash flows (4) — — (4) Other (1,497) — — (1,497) Insurance expense 128 2 1,260 1,390 Incurred claims and other expenses — — 1,112 1,112 Amortization of insurance acquisition cash flows 116 — — 116 Changes to liability for incurred claims — — 148 148 Impairment (reversal) from loss component 12 2 — 13 Financial income/ expenses from insurance contracts (749) 55 2 (692) Exchange differences 820 228 51 1,099 Cash flows 2,345 30 (1,437) 938 Final balance 7,871 1,286 974 10,131
Variation in liabilities under Insurance and Reinsurance contracts by valuation components [Table Text Block]	Likewise, the variation of liabilities under insurance and reinsurance contracts, distinguishing between their different valuation components for the years 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2023 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 8,056 150 1,097 9,303 Insurance service result (384) — (23) (406) Changes that relate to current services (749) (26) (185) (960) Contractual service margin release — — (185) (185) Risk adjustment release — (26) — (26) Experience adjustments (749) — — (749) Changes that relate to future services (189) 26 163 — Changes in estimates that adjust the contractual service margin 35 (6) (36) (7) Changes in estimates that result in losses (reversals) on onerous contracts (6) — 4 (2) Contracts initially recognized in the year (218) 32 194 8 Changes that relate to past services 554 — — 554 Adjustments to liability for incurred claims 554 — — 554 Financial income/ expenses from insurance contracts 508 11 45 564 Exchange rate differences 935 6 94 1,035 Cash flows 623 — — 623 Contracts transferred to / from a third party — — — — Final balance 9,738 167 1,213 11,118 (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2022 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 7,945 112 948 9,006 Insurance service result (606) 46 49 (511) Changes that relate to current services (750) (14) (144) (908) Contractual service margin release — — (144) (144) Risk adjustment release — (14) — (14) Experience adjustments (750) — — (750) Changes that relate to future services (270) 60 193 (17) Changes in estimates that adjust the contractual service margin (50) 45 3 (3) Changes in estimates that result in losses (reversals) on onerous contracts (15) — (3) (19) Contracts initially recognized in the year (204) 15 194 5 Changes that relate to past services 413 — — 413 Adjustments to liability for incurred claims 413 — — 413 Financial income/ expenses from insurance contracts (704) (20) 29 (694) Exchange rate differences 1,009 11 72 1,093 Cash flows 412 — — 412 Contracts transferred to / from a third party — — — — Final balance 8,056 150 1,097 9,303 (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3).
Maturity of liabilities under insurance and reinsurance contracts [Table Text Block]	The maturity of those “Liabilities under insurance and reinsurance contracts” are shown below: Maturity of the liabilities under insurance and reinsurance contracts (Millions of Euros) Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total 2023 1,356 962 2,425 7,367 12,110 2022 ⁽¹⁾ 1,754 663 1,664 6,050 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Maturity of liabilities under insurance and reinsurance contracts under IFRS 4 [Table Text Block]	The cash flows of the “Liabilities under insurance and reinsurance contracts” under IFRS 4 as of December 31, 2021 are shown below: Maturity (Millions of Euros). Liabilities under insurance and reinsurance contracts Up to 1 year 1 to 3 years 3 to 5 years Over 5 years Total 2021 1,808 290 1,664 7,103 10,865
Mathematical reserves for insurance products [Table Text Block]	The table below shows the key assumptions under IFRS 4 as of December 31, 2021 used in the calculation of the mathematical reserves for insurance products in Spain and Mexico, respectively: Mathematical reserves 2021 Mortality table Average technical interest rate Spain Mexico Spain Mexico Individual life insurance (1) GRMF 80-2, Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual 0.24%- 2.85% 3.60% Group insurance (2) PERFM 2000 Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupo Depending on the related portfolio 5.50 % (1) Provides coverage in the case of one or more of the following events: death, disability and / or serious illness. (2) Insurance policies purchased by companies (other than BBVA Group entities) on behalf of their employees.

Note 24 (Tables)

Note 24 (Tables)	12 Months Ended
	Dec. 31, 2023
Provisions [abstract]
Provisions Breakdown By Concepts [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets, based on type of provisions, is as follows: Provisions. Breakdown by concepts (Millions of Euros) Notes 2023 2022 2021 Provisions for pensions and similar obligations 25 2,571 2,632 3,576 Other long term employee benefits (1) 25 435 466 632 Provisions for taxes and other legal contingencies 7.1 696 685 623 Provisions for contingent risks and commitments 770 770 691 Other provisions (2) 452 380 366 Total 4,924 4,933 5,889 (1) In 2021 it included the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. (2) Individually non-significant provisions, for various concepts and corresponding to different geographical areas.
Provisions for pensions and similar obligations changes over the year [Table Text Block]	The change in provisions for pensions and similar obligations for the years ended December 31, 2023, 2022 and 2021 is as follows: Provisions for pensions, other post-employment obligations for defined benefit plans, and other long term employee benefits. Changes over the year (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Balance at the beginning 2,632 3,576 4,272 Charges to income for the year 211 25 141 Interest expense and similar charges 133 75 37 Personnel expense 44.1 49 42 49 Provision expense 29 (92) 56 Charges (credits) to equity (2) 25 314 (433) (206) Transfers and other changes (57) 24 (21) Benefit payments 25 (424) (492) (608) Employer contributions 25 (106) (67) (4) Balance at the end 2,571 2,632 3,576 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Correspond to actuarial losses (gains) arising from certain post-employment defined-benefit commitments for pensions recognized in “Equity” (see Note 2.2.13).
Provisions for taxes, legal contingencies and other provisions changes over the year [Table Text Block]	Provisions for taxes, legal contingencies and other provisions. Changes over the year (Millions of Euros) 2023 2022 2021 Balance at beginning 1,065 990 1,091 Additions (1) 651 417 1,175 Acquisition of subsidiaries — — — Unused amounts reversed during the year (385) (130) (227) Amount used and other variations (1) (183) (211) (1,050) Balance at the end 1,148 1,065 990 (1) In 2021, it includes the initial recognition of the estimated cost of the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A., and the subsequent reclassification from "Other provisions" to "Other long term employee benefits" for the remaining amount at the time of the reclassification.

Note 25 (Tables)

Note 25 (Tables)	12 Months Ended
	Dec. 31, 2023
Post Employment And Other Employee Benefit Commitments [Abstract]
Net defined benefit liability asset on the consolidated balance sheet [Table Text Block]	The breakdown of the net defined benefit liability recorded on the balance sheet as of December 31, 2023, 2022 and 2021 is provided below: Net defined benefit liability (asset) on the consolidated balance sheet (Millions of Euros) Notes 2023 2022 2021 Pension commitments 3,849 3,661 4,218 Early retirement commitments 412 606 952 Medical benefits commitments 1,728 1,448 1,377 Other long term employee benefits 435 466 632 Total commitments 6,424 6,181 7,180 Pension plan assets 1,675 1,608 1,494 Medical benefit plan assets 1,744 1,476 1,494 Total plan assets ⁽¹⁾ 3,419 3,084 2,988 Total net liability / asset 3,006 3,097 4,193 Of which: Net asset on the consolidated balance sheet (2) — (1) (15) Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) 24 2,571 2,632 3,576 Of which: Net liability on the consolidated balance sheet for other long term employee benefits 24 435 466 632 (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €153 million as of December 31, 2023 which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the Consolidated Financial Statements, because although it could be used to reduce future pension contributions it could not be immediately refunded to the employer. (2) Recorded under the heading “Other Assets - Other” of the consolidated balance sheet (see Note 20). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet.
Consolidated Income Statement Impact [Table Text Block]	The impact relating to benefit commitments charged to consolidated income statement for the years 2023, 2022 and 2021 is as follows: Consolidated income statement impact (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Interest and other expense 133 75 37 Interest expense 444 342 257 Interest income (311) (267) (220) Personnel expense 188 130 120 Defined contribution plan expense 44.1 139 87 71 Defined benefit plan expense 44.1 49 42 49 Provisions or (reversal) of provisions 46 31 (89) 61 Early retirement expense — — 100 Past service cost expense 36 34 (28) Remeasurements ⁽²⁾ (7) (126) (16) Other provision expense 2 3 6 Total impact on consolidated income statement: expense (income) 352 116 218 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits that are charged to the income statements (see Note 2.2.12).
Equity impact [Table Text Block]	The amounts relating to post-employment benefits charged to the consolidated balance sheet correspond to the actuarial gains (losses) on remeasurement of the net defined benefit liability relating to pension and medical commitments before income taxes as of December 31, 2023, 2022 and 2021 are as follows: Equity impact (Millions of Euros) 2023 2022 2021 Defined benefit plans 302 (363) 52 Post-employment medical benefits 12 (71) (257) Total impact on equity: debit (credit) 314 (433) (206)
Defined benefits [Table Text Block]	Defined benefit commitments relate mainly to employees who have already retired or taken early retirement, certain closed groups of active employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. For the latter, the Group pays the required premiums to fully insure the related liability. The change in these pension commitments during the years ended December 31, 2023, 2022 and 2021 is presented below: Defined benefits (Millions of Euros) 2023 2022 2021 Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Balance at the beginning 5,715 3,084 2,631 6,547 2,988 3,560 7,348 3,092 4,256 Current service cost 52 — 52 45 — 45 53 — 53 Interest income/expense 425 311 114 333 267 65 253 220 33 Contributions by plan participants 10 10 — 10 10 — 5 5 — Employer contributions — 106 (106) — 67 (67) — 4 (4) Past service costs (1) 36 — 36 34 — 34 75 — 75 Remeasurements: 375 68 307 (741) (240) (501) (406) (184) (223) Return on plan assets (2) — 68 (68) — (240) 240 — (184) 184 From changes in demographic assumptions (86) — (86) (29) — (29) (121) — (121) From changes in financial assumptions 248 — 248 (812) — (812) (259) — (259) Other actuarial gains and losses 212 — 212 100 — 100 (27) — (27) Benefit payments (655) (232) (424) (676) (184) (492) (765) (158) (608) Settlement payments (76) (75) (1) (4) (4) — (1) (1) — Business combinations and disposals (1) — (1) — — — (2) 1 (3) Effect on changes in foreign exchange rates 124 153 (29) 161 180 (20) (24) 8 (32) Conversions to defined contributions — — — — — — — — — Other effects (15) (7) (8) 7 — 7 13 — 13 Balance at the end 5,989 3,419 2,571 5,715 3,084 2,631 6,547 2,988 3,560 Of which: Spain 2,310 129 2,181 2,546 147 2,399 3,670 206 3,464 Of which: Mexico 2,988 2,702 286 2,426 2,329 97 2,150 2,149 1 Of which: The United States — — — — — — — — — Of which: Turkey 435 363 72 418 315 103 272 209 63 (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".
Actuarial assumptions percentage [Table Text Block]	The following table sets out the key actuarial assumptions used in the valuation of these commitments as of December 31, 2023, 2022 and 2021: Actuarial assumptions (%) 2023 2022 2021 Spain Mexico Turkey Spain Mexico Turkey Spain Mexico Turkey Discount rate 3.43 % 10.44 % 25.60 % 3.91 % 10.68 % 17.79 % 0.74 % 9.68 % 19.10 % Rate of salary increase — 4.50 % 23.44 % — 4.50 % 15.86 % — 4.00 % 16.60 % Rate of pension increase — 4.14 % 21.94 % — 4.41 % 14.36 % — 2.95 % 15.10 % Medical cost trend rate — 8.04 % 26.14 % — 8.04 % 18.56 % — 7.00 % 19.30 % Mortality tables PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 CSO2001
Sensitivity analysis [Table Text Block]	Changes in the main actuarial assumptions may affect the valuation of the commitments. The table below shows the sensitivity of the benefit obligations to changes in the key assumptions: Sensitivity analysis (Millions of Euros) Basis points change 2023 2022 2021 Increase Decrease Increase Decrease Increase Decrease Discount rate 50 (265) 291 (321) 350 (282) 307 Rate of salary increase 50 4 (4) 1 (1) 2 (2) Rate of pension increase 50 34 (32) 32 (39) 28 (26) Medical cost trend rate 50 141 (126) 119 (106) 109 (98) Change in obligation from each additional year of longevity 134 — 113 — 170 —
Post employment commitments [Table Text Block]	The change in the benefit plan obligations and plan assets during the year ended December 31, 2023 was as follows: Post-employment commitments 2023 (Millions of Euros) Spain Mexico Turkey Rest of the world Defined benefit obligation Balance at the beginning 2,546 985 418 318 Current service cost 3 9 17 3 Interest income or expense 90 108 50 11 Contributions by plan participants — — 9 2 Employer contributions — — — — Past service costs (1) — — 33 3 Remeasurements: 67 156 161 (4) Return on plan assets (2) — — — — From changes in demographic assumptions — — (14) (2) From changes in financial assumptions 78 114 10 (10) Other actuarial gains and losses (11) 42 165 8 Benefit payments (402) (102) (68) (14) Settlement payments — (1) — (75) Business combinations and disposals — — — (1) Effect on changes in foreign exchange rates — 114 (162) 4 Conversions to defined contributions — — — — Other effects 6 — (21) — Balance at the end 2,310 1,269 435 247 Of which: Vested benefit obligation relating to current employees 64 Of which: Vested benefit obligation relating to retired employees 2,246 Plan Assets Balance at the beginning 147 853 315 293 Current service cost — — — — Interest income or expense 5 91 41 9 Contributions by plan participants — — 9 2 Employer contributions — 37 23 29 Past service costs (1) — — — — Remeasurements: — (19) 129 (25) Return on plan assets (2) — (19) 129 (25) From changes in demographic assumptions — — — — From changes in financial assumptions — — — — Other actuarial gains and losses — — — — Benefit payments (23) (102) (25) (12) Settlement payments — (1) — (74) Business combinations and disposals — — — — Effect on changes in foreign exchange rates — 99 (122) 3 Conversions to defined contributions — — — — Other effects — — (7) — Balance at the end 129 958 363 224 Net liability (asset) Balance at the beginning 2,399 132 103 25 Current service cost 3 9 17 3 Interest income or expense 85 17 8 2 Contributions by plan participants — — — — Employer contributions — (37) (23) (29) Past service costs (1) — — 33 3 Remeasurements: 67 175 32 21 Return on plan assets (2) — 19 (129) 25 From changes in demographic assumptions — — (14) (2) From changes in financial assumptions 78 114 10 (10) Other actuarial gains and losses (11) 42 165 8 Benefit payments (379) — (43) (1) Settlement payments — — — (1) Business combinations and disposals — — — (1) Effect on changes in foreign exchange rates — 15 (40) 1 Conversions to defined contributions — — — — Other effects 6 — (14) — Balance at the end 2,181 311 72 23 (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". The change in net liabilities (assets) during the years ended December 31, 2022 and 2021 was as follows: Post-employment commitments (Millions of Euros) 2022: Net liability (assets) 2021: Net liability (assets) Spain Mexico Turkey Rest of the world Spain Mexico Turkey Rest of the world Balance at the beginning 3,464 124 63 24 4,039 28 85 27 Current service cost 4 7 13 3 5 5 16 3 Interest income or expense 51 14 10 4 20 1 9 1 Contributions by plan participants — — — — — — — — Employer contributions — (41) (22) (3) 11 (2) (11) (1) Past service costs (1) — 1 2 3 75 — 2 2 Remeasurements: (643) 152 62 (1) (98) 128 10 (5) Return on plan assets (2) 34 45 (104) 121 8 49 (11) 19 From changes in demographic assumptions — — (37) 8 — (4) — (2) From changes in financial assumptions (643) 73 82 (132) (61) 84 (18) (7) Other actuarial gains and losses (34) 34 122 2 (45) (2) 39 (15) Benefit payments (484) — (6) (1) (599) (1) (6) (1) Settlement payments — — — — — — — — Business combinations and disposals — (139) — — — (40) — (2) Effect on changes in foreign exchange rates — 13 (18) (3) — 5 (43) 1 Conversions to defined contributions — — — — — — — — Other effects 7 — — — 12 — — — Balance at the end 2,399 132 103 25 3,464 124 63 24 (1) Includes gains and losses from settlements. (2) Excludes interest which is reflected in the line item “Interest income and expense”.
Medical benefits commitments [Table Text Block]	The change in defined benefit obligations and plan assets during the years 2023, 2022 and 2021 was as follows: Medical benefits commitments (Millions of Euros) 2023 2022 2021 Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Defined benefit obligation Plan assets Net liability (asset) Balance at the beginning 1,448 1,476 (28) 1,377 1,494 (116) 1,562 1,484 77 Current service cost 20 — 20 19 — 19 24 — 24 Interest income or expense 167 165 2 144 157 (14) 131 129 2 Contributions by plan participants — — — — — — — — — Employer contributions — 17 (17) — — — — 1 (1) Past service costs (1) — — — 28 — 28 (5) — (5) Remeasurements: (5) (17) 12 (215) (144) (71) (377) (119) (257) Return on plan assets (2) — (17) 17 — (144) 144 — (119) 119 From changes in demographic assumptions (70) — (70) — — — (115) — (115) From changes in financial assumptions 56 — 56 (191) — (191) (257) — (257) Other actuarial gain and losses 8 — 8 (23) — (23) (4) — (4) Benefit payments (70) (70) — (60) (60) — (49) (48) — Settlement payments — — — — — — — — — Business combinations and disposals — — — — (139) 139 — (39) 39 Effect on changes in foreign exchange rates 168 173 (5) 155 167 (11) 90 86 4 Other effects — — — — — — — — — Balance at the end 1,728 1,744 (16) 1,448 1,476 (28) 1,377 1,494 (116) (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".
Estimated benefit payments [Table Text Block]	As of December 31, 2023, the estimated benefit payments over the next ten years for all the entities in Spain, Mexico and Turkey are as follows: Estimated benefit payments (Millions of Euros) 2024 2025 2026 2027 2028 2029 - 2033 Commitments in Spain 477 325 279 242 210 697 Commitments in Mexico 206 216 226 236 246 1,409 Commitments in Turkey 17 16 19 22 27 272 Total 699 557 524 500 484 2,378
Plan assets breakdown [Table Text Block]	The table below shows the allocation of plan assets of the main companies of the BBVA Group as of December 31, 2023, 2022 and 2021: Plan assets breakdown (Millions of Euros) 2023 2022 2021 Cash and cash equivalents 86 169 24 Debt securities (government bonds) 2,818 2,270 2,394 Mutual funds — — 1 Asset-backed securities — — — Structured debt — — — Insurance contracts 21 183 148 Total 2,924 2,622 2,566 Of which: Bank account in BBVA 23 7 3 Of which: Debt securities issued by BBVA — — — Of which: Property occupied by BBVA — — —
Investments in listed markets [Table Text Block]	The following table provides details of investments in listed securities (Level 1) as of December 31, 2023, 2022 and 2021: Investments in listed markets (Millions of Euros) 2023 2022 2021 Cash and cash equivalents 86 169 24 Debt securities (Government bonds) 2,818 2,270 2,394 Mutual funds — — 1 Total 2,904 2,439 2,418 Of which: Bank account in BBVA 23 7 3 Of which: Debt securities issued by BBVA — — — Of which: Property occupied by BBVA — — —

Note 28 (Tables)

Note 28 (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of reserves within equity [abstract]
Retained Earnings And Other Reserves [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets is as follows: Retained earnings and other reserves. Breakdown by concepts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Legal reserve 572 591 653 Restricted reserve 561 482 761 Voluntary reserves 5,478 3,906 3,994 Total reserves holding company 6,612 4,979 5,409 Consolidation reserves attributed to the Bank and subsidiary consolidated companies 31,639 30,077 24,575 Total 38,251 35,056 29,984 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Restricted reserves breakdown by concepts [Table Text Block]	As of December 31, 2023, 2022 and 2021, the Bank’s restricted reserves are as follows: Restricted reserves. Breakdown by concepts (Millions of Euros) 2023 2022 2021 Restricted reserve for retired capital 495 400 88 Restricted reserve for Parent Company shares and loans for those shares 65 80 672 Restricted reserve for redenomination of capital in euros 2 2 2 Total 561 482 761
Retained earnings, revaluation reserves and other reserves breakdown by company or corporate group [Table Text Block]	The breakdown, by company or corporate group, under the headings “Retained earnings” and “other reserves” in the consolidated balance sheets is as follows: Retained earnings and other reserves. Breakdown by company or corporate group (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Retained earnings (losses), revaluation reserves and other reserves Holding Company 15,672 14,003 12,467 BBVA Mexico Group 15,705 14,042 13,894 Garanti BBVA Group 5,857 5,703 3,043 BBVA Provincial Group 1,758 1,720 1,721 BBVA Argentina Group 1,474 1,456 1,423 BBVA Colombia Group 1,573 1,489 1,393 BBVA Perú Group 1,158 1,065 1,031 Forum Chile Group 652 632 604 BBVA Uruguay Group 139 118 106 BV America, S.L. 374 299 270 Corporación General Financiera, S.A. 368 338 322 BBVA Seguros, S.A. 306 284 239 Bilbao Vizcaya Holding, S.A. 198 144 68 BBVA Axial Tech S.A. de C.V. 87 85 78 Pecri Inversión, S.L. (17) 119 118 Anida Operaciones Singulares, S.A. (5,497) (5,529) (5,512) Other Real State Spanish Companies (2) (1,164) (909) (934) Other (155) 217 (101) Subtotal (3) 38,488 35,277 30,231 Other reserves or accumulated losses of investments in joint ventures and associates ATOM Bank PLC (181) (169) (158) Metrovacesa, S.A. (84) (84) (84) Other 28 32 (5) Subtotal (237) (221) (247) Total 38,251 35,057 29,984 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Includes balances corresponding to Sociedades inmobiliarias CX, Anida Grupo Inmobiliario and Sociedades inmobiliarias Unnim. (3) In 2021 includes the accounting for shares pending from buyback program (see Note 4) and the reclassification of items not subject to reclassification to income statement to by results for "Actuarial gains (losses) in defined benefit pension plans".

Note 29 (Tables)

Note 29 (Tables)	12 Months Ended
	Dec. 31, 2023
Treasury shares [Abstract]
Treasury shares [Table Text Block]	In the years ended December 31, 2023, 2022 and 2021 the Group entities performed the following transactions with shares issued by the Bank: Treasury shares (Millions of Euros) 2023 2022 2021 Number of Shares Millions of Euros Number of Shares Millions of Euros Number of Shares Millions of Euros Balance at beginning 5,485,414 29 127,633,399 647 14,352,832 46 + Purchases 301,882,728 2,166 598,457,024 2,966 203,530,570 1,022 - Sales and other changes (302,981,517) (2,161) (720,605,009) (3,583) (90,250,003) (417) +/- Derivatives on BBVA shares — — — — — (4) +/- Other changes — — — — — — Balance at the end 4,386,625 34 5,485,414 29 127,633,399 647 Of which: Held by BBVA, S.A. — 3 — 3 112,733,730 574 Held by Corporación General Financiera, S.A. 4,354,004 31 5,454,516 26 14,899,669 72 Held by other subsidiaries 32,621 — 30,898 — — — Average purchase price in Euros 7.18 — 4.96 — 5.02 — Average selling price in Euros (including other changes) 7.14 — 4.99 — 4.89 — Net gains or losses on transactions 1 9 17
Treasury Stock [Table Text Block]	The percentages of treasury shares held by the Group in the years ended December 31, 2023, 2022 and 2021 are as follows: Treasury Share 2023 2022 2021 Min Max Closing Min Max Closing Min Max Closing % treasury share 0.038 % 2.214 % 0.075 % 0.078 % 7.492 % 0.094 % 0.108 % 1.922 % 1.914 %
Shares of BBVA accepted in pledge [Table Text Block]	The number of BBVA shares accepted by the Group in pledge of loans as of December 31, 2023, 2022 and 2021 is as follows: Shares of BBVA accepted in pledge 2023 2022 2021 Number of shares in pledge 17,492,194 23,437,363 29,372,853 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.29 % 0.39 % 0.44 %
Shares of BBVA owned by third parties but managed by the Group [Table Text Block]	The number of BBVA shares owned by third parties but under management of a company within the Group as of December 31, 2023, 2022 and 2021 is as follows: Shares of BBVA owned by third parties but managed by the Group 2023 2022 2021 Number of shares owned by third parties 13,258,994 18,686,027 17,645,506 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.23 % 0.31 % 0.26 %

Note 30 (Tables)

Note 30 (Tables)	12 Months Ended
	Dec. 31, 2023
Accumulated other comprehensive income [abstract]
Accumulated Other Comprehensive Income Classified By Concepts [Table Text Block]	The breakdown of the balance under this heading in the consolidated balance sheets is as follows Accumulated other comprehensive income (loss). Breakdown by concepts (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Items that will not be reclassified to profit or loss (2,105) (1,881) (2,075) Actuarial gains (losses) on defined benefit pension plans (1,049) (760) (998) Fair value changes of equity instruments measured at fair value through other comprehensive income 13.4 (1,112) (1,194) (1,079) Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 55 72 2 Items that may be reclassified to profit or loss (14,148) (15,760) (14,401) Hedge of net investments in foreign operations (effective portion) (2,498) (1,408) (146) Mexican peso (3,147) (1,751) (681) Turkish lira 670 358 555 Other exchanges (21) (15) (19) Foreign currency translation (11,419) (13,078) (14,988) Mexican peso (640) (2,791) (4,503) Turkish lira (6,908) (6,599) (6,607) Argentine peso (1,296) (868) (1,024) Venezuela Bolívar (1,865) (1,850) (1,858) Other exchanges (711) (969) (995) Hedging derivatives. Cash flow hedges (effective portion) 133 (447) (533) Fair value changes of debt instruments measured at fair value through other comprehensive income 13.4 (357) (809) 1,274 Share of other recognized income and expense of investments in joint ventures and associates (8) (18) (9) Total (16,254) (17,642) (16,476) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 31 (Tables)

Note 31 (Tables)	12 Months Ended
	Dec. 31, 2023
Minority interests (non-controlling interests) [Abstract]
Non Controlling Interest Classified By Concept [Table Text Block]	The breakdown by groups of consolidated entities under the heading “Minority interests (non-controlling interests)” of total equity in the consolidated balance sheets is as follows: Minority interests (non-controlling interests). Breakdown by subgroups (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Garanti BBVA (2) 1,129 1,179 2,851 BBVA Peru 1,586 1,469 1,212 BBVA Argentina 544 687 557 BBVA Colombia 82 73 76 BBVA Venezuela 108 95 70 Other entities 115 119 87 Total 3,564 3,623 4,853 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Note 3).
Profit attributable to non controlling interests [Table Text Block]	These amounts are broken down by groups of consolidated entities under the heading “Attributable to minority interests (non-controlling interests)” in the consolidated income statements: Profit attributable to minority interests (non-controlling interests). Breakdown by subgroups (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Garanti BBVA ⁽²⁾ 95 28 758 BBVA Peru 236 236 143 BBVA Argentina 59 83 26 BBVA Colombia (16) 5 9 BBVA Venezuela 24 22 3 Other entities (1) 32 25 Total 397 405 965 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation and the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Notes 2.2.18 and 3).

Note 32 (Tables)

Note 32 (Tables)	12 Months Ended
	Dec. 31, 2023
Capital Base And Capital Management [Abstract]
Eligible capital resources [Table Text Block]	A reconciliation of the main figures between the accounting and regulatory own funds as of December 31, 2023, 2022 and 2021 is shown below: Eligible capital resources (Millions of Euros) Notes 2023 2022 ⁽ 1 ⁾ 2021 Capital 26 2,861 2,955 3,267 Share premium 27 19,769 20,856 23,599 Retained earnings, revaluation reserves and other reserves 28 38,251 35,056 29,984 Other equity instruments, net 40 63 60 Treasury shares 29 (34) (29) (647) Profit (loss) attributable to the parent company 5 8,019 6,358 4,653 Interim dividend (951) (722) (532) Total equity 67,955 64,535 60,384 Accumulated other comprehensive income (loss) 30 (16,254) (17,642) (16,476) Minority interests 31 3,564 3,623 4,853 Shareholders' equity 55,265 50,517 48,760 Goodwill and other intangible assets (1,421) (1,395) (1,484) Differences from solvency and accounting perimeter (137) (123) (130) Equity not eligible at solvency level (137) (123) (130) Other adjustments and deductions (2) (7,591) (6,262) (7,197) Common Equity Tier 1 (CET 1) 46,116 42,738 39,949 Additional Tier 1 before Regulatory Adjustments 6,033 5,193 5,737 Total Regulatory Adjustments to Additional Tier 1 — — — Tier 1 52,150 47,931 45,686 Tier 2 8,182 5,930 7,383 Total Capital (Total Capital=Tier 1 + Tier 2) 60,332 53,861 53,069 Total Minimum capital required 47,455 43,111 39,275 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Amount of capital CC1 [Table Text Block]	The Group’s eligible own funds and risk-weighted assets (RWAs) in accordance with the aforementioned applicable regulation as of December 31, 2023, 2022 and 2021 are shown below: Amount of capital CC1 (Millions of Euros) 2023 2022 ⁽ 1 ⁾ 2021 ⁽ 1 ⁾ Capital and share premium 22,629 23,810 26,866 Retained earnings and equity instruments 34,889 31,436 30,745 Other accumulated income and other reserves (12,872) (13,952) (17,200) Minority interests 1,864 1,853 2,800 Net attributable profit (2) 4,759 3,814 2,573 Common Equity Tier I (CET1) before other regulatory adjustments 51,269 46,962 45,784 Goodwill and intangible assets (1,421) (1,395) (1,484) Direct, indirect and synthetic holdings in own Common Equity Tier I instruments (3) (331) (356) (2,800) Deferred tax assets (988) (1,057) (1,009) Other deductions and filters (4) (2,412) (1,416) (542) Total common equity Tier 1 regulatory adjustments (5,153) (4,223) (5,835) Common equity TIER 1 (CET1) 46,116 42,738 39,949 Capital instruments and share premium accounts classified as liabilities and qualifying as Additional Tier I 5,715 4,875 5,265 Qualifying Tier 1 capital included in consolidated AT1 capital issued by subsidiaries and held by third parties 319 318 472 Additional Tier 1 (CET 1) before regulatory adjustments 6,033 5,193 5,737 Transitional CET 1 adjustments — — — Total regulatory adjustments to additional Tier 1 — — — Additional Tier 1 (AT1) 6,033 5,193 5,737 Tier 1 (Common equity TIER 1+ additional TIER 1) 52,150 47,931 45,686 Capital instruments and share premium accounted as Tier 2 5,214 3,510 4,324 Qualifying Tier 2 capital included in consolidated T2 capital issued by subsidiaries and held by third parties 2,890 2,310 2,516 Credit risk adjustments 88 213 722 Tier 2 before regulatory adjustments 8,192 6,033 7,562 Tier 2 regulatory adjustments (10) (103) (179) Tier 2 8,182 5,930 7,383 Total capital (Total capital=Tier 1 + Tier 2) 60,332 53,861 53,069 Total RWA 363,915 337,066 307,795 CET 1 (phased-in) 12.67 % 12.68 % 12.98 % Tier 1 (phased-in) 14.33 % 14.22 % 14.84 % Total capital (phased-in) 16.58 % 15.98 % 17.24 % (1) In 2022 and 2021, the difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (2) The shareholder remuneration for each year corresponding to the cash dividend already paid is deducted. Likewise, for fiscal year 2023, the cash dividend pending distribution in accordance with the entity's dividend policy is deducted. Such dividend is subject to its approval at the 2024 General Shareholders' Meeting. (3) With respect to 2021, it includes mainly the amount of shares pending to be acquired under the share buyback program based on the maximum limit authorized by the ECB for the BBVA Group as of December 31, 2021 (see Note 4). (4) Includes the value amounts in euros of the share repurchase programs carried out. Likewise, for the 2023 financial year, the maximum amount foreseen corresponding to the share buyback program announced in 2024 is included subject to its approval at the General Shareholders' Meeting.
Leverage Ratio [Table Text Block]	Breakdown of leverage ratio as of December 31, 2023, 2022 and 2021, calculated according to CCR, is as follows: Leverage ratio 2023 2022 2021 Tier 1 (millions of Euros) (a) 52,150 47,931 45,686 Exposure to leverage ratio (millions of Euros) (b) 797,888 737,990 671,789 Leverage ratio (a)/(b) (percentage) 6.54 % 6.49 % 6.80 %

Note 33 (Tables)

Note 33 (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and guarantees given [Abstract]
Commitments and guarantees given [Table Text Block]	The breakdown of the balance under these headings in the consolidated balance sheets is as follows: Commitments and guarantees given (Millions of Euros) Notes 2023 2022 2021 Loan commitments given 7.2.2 152,868 136,920 119,618 Of which: impaired 165 177 171 Central banks — — — General governments 3,115 3,031 3,483 Credit institutions 15,595 15,407 16,085 Other financial corporations 7,063 5,895 4,583 Non-financial corporations 71,303 68,120 59,475 Households 55,791 44,467 35,991 Financial guarantees given 7.2.2 18,839 16,511 11,720 Of which: impaired (1) 229 281 245 Central banks — — — General governments 74 96 162 Credit institutions 978 475 312 Other financial corporations 2,177 1,263 1,026 Non-financial corporations 15,460 14,541 10,039 Households 150 135 181 Other commitments given 7.2.2 42,577 39,137 34,604 Of which: impaired (1) 636 689 541 Central banks — — 2 General governments 327 215 212 Credit institutions 3,607 4,134 4,266 Other financial corporations 1,837 1,758 1,753 Non-financial corporations 36,681 32,858 28,224 Households 125 171 147 Total 7.2.2 214,283 192,568 165,941

Note 36 (Tables)

Note 36 (Tables)	12 Months Ended
	Dec. 31, 2023
Transactions on behalf of third parties [Abstract]
Transactions on behalf of third parties breakdown by concepts [Table Text Block]	The details of the relevant transactions on behalf of third parties are as follows: Transactions on behalf of third parties. Breakdown by concepts (Millions of Euros) 2023 2022 2021 Financial instruments entrusted to BBVA by third parties 430,377 352,139 356,985 Conditional bills and other securities received for collection 12,125 11,738 10,795 Securities lending 6,397 3,223 2,605 Total 448,899 367,100 370,385

Note 37 (Tables)

Note 37 (Tables)	12 Months Ended
	Dec. 31, 2023
Net Interest Income [Abstract]
Interest income breakdown by origin [Table Text Block]	The breakdown of the interest and other income recognized in the consolidated income statement is as follows: Interest and other income. Breakdown by origin (Millions of Euros) 2023 2022 2021 Financial assets held for trading 4,984 2,079 1,084 Financial assets at fair value through other comprehensive income 3,098 3,110 1,880 Financial assets at amortized cost 38,328 25,258 18,364 Insurance activity 1,052 1,309 1,084 Adjustments of income as a result of hedging transactions 91 (825) (84) Other income (1) 297 501 686 Total 47,850 31,432 23,015 (1) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million and €384 million for the years ended December 31, 2022 and 2021, respectively (see Note 22.1).
Interest expense breakdown by origin [Table Text Block]	The breakdown of the balance under this heading in the consolidated income statements is as follows: Interest expense. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Financial liabilities held for trading 3,834 1,140 1,339 Financial liabilities designated at fair value through profit or loss 130 58 52 Financial liabilities at amortized cost 19,164 9,985 6,130 Adjustments of expense as a result of hedging transactions 809 (232) (360) Insurance activity ⁽²⁾ 633 948 773 Cost attributable to pension funds 110 76 52 Other expense 80 333 342 Total 24,761 12,309 8,329 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4.

Note 38 (Tables)

Note 38 (Tables)	12 Months Ended
	Dec. 31, 2023
Dividend income [Abstract]
Dividend income breakdown by headline [Table Text Block]	The balances for this heading in the consolidated income statements correspond to dividends on shares and equity instruments other than those from shares in entities accounted for using the equity method (see Note 39), as can be seen in the breakdown below: Dividend income (Millions of Euros) 2023 2022 2021 Non-trading financial assets mandatorily at fair value through profit or loss 11 15 64 Financial assets at fair value through other comprehensive income ⁽¹⁾ 107 108 112 Total 118 123 176 (1) This dividend income corresponds mainly to investments held at the end of the year.

Note 40 (Tables)

Note 40 (Tables)	12 Months Ended
	Dec. 31, 2023
Fee and commission income and expenses [Abstract]
Fee and commission income [Table Text Block]	The breakdown of the balance under these headings in the consolidated income statements is as follows: Fee and commission income. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Bills receivables 24 26 23 Demand accounts 300 424 425 Credit and debit cards and POS 4,665 3,499 2,628 Checks 175 162 136 Transfers and other payment orders 862 812 664 Insurance product commissions 384 261 215 Loan commitments given 307 259 234 Other commitments and financial guarantees given 471 420 364 Asset management 1,407 1,228 1,250 Securities fees 345 266 267 Custody securities 207 193 169 Other fees and commissions 751 711 622 Total 9,899 8,260 6,997 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Fees and commission expense [Table Text Block]	The breakdown of fee and commission expense under these heading in the consolidated income statements is as follows: Fee and commission expense. Breakdown by origin (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Demand accounts 6 5 5 Credit and debit cards 2,337 1,884 1,427 Transfers and other payment orders 156 132 120 Commissions for selling insurance 40 54 51 Custody securities 111 92 55 Other fees and commissions 961 721 574 Total 3,611 2,888 2,232 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 41 (Tables)

Note 41 (Tables)	12 Months Ended
	Dec. 31, 2023
Gains Or Losses On Financial Assets And Liabilities, Hedge Accounting And Exchanges Differences [Abstract]
Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Heading On the Balance Sheet [Table Text Block]	The breakdown of the balance under this heading, by source of the related items, in the consolidated income statement is as follows: Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros) 2023 2022 2021 Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 76 64 134 Financial assets at amortized cost 41 8 27 Other financial assets and liabilities 35 56 106 Gains (losses) on financial assets and liabilities held for trading, net 1,352 562 341 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 1,352 562 341 Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net 337 (67) 432 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 337 (67) 432 Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net 96 150 335 Gains (losses) from hedge accounting, net (17) (45) (214) Subtotal gains (losses) on financial assets and liabilities and hedge accounting 1,844 663 1,027 Exchange differences, net 339 1,275 883 Total 2,183 1,938 1,910
Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Nature Of The Financial Instrument [Table Text Block]	The breakdown of the balance (excluding exchange rate differences) under this heading in the income statements by the nature of the financial instrument is as follows: Gains (losses) on financial assets and liabilities and hedge accounting. Breakdown by nature of the financial instrument (Millions of Euros) 2023 2022 2021 Debt instruments 799 (2,266) 158 Equity instruments 669 (1,099) 2,059 Trading derivatives and hedge accounting (812) 1,361 (1,866) Loans and advances to customers 165 (241) 100 Customer deposits (95) 274 55 Other 1,118 2,635 522 Total 1,844 663 1,027
Derivatives Hedge accounting [Table Text Block]	The breakdown of the balance of the impact of the derivatives (trading and hedging) under this heading in the consolidated income statements is as follows: Derivatives - Hedge accounting (Millions of Euros) 2023 2022 2021 Derivatives Interest rate agreements 427 522 73 Securities agreements (402) 1,653 (1,500) Credit derivative agreements (56) 16 (255) Foreign-exchange agreements (431) (658) 40 Commodity and other agreements (332) (127) (9) Subtotal (795) 1,406 (1,651) Hedging derivatives ineffectiveness — Fair value hedges (10) (51) (235) Hedging derivative (114) (229) 90 Hedged item 103 178 (325) Cash flow hedges (7) 6 21 Subtotal (17) (45) (214) Total (812) 1,361 (1,866)

Note 42 (Tables)

Note 42 (Tables)	12 Months Ended
	Dec. 31, 2023
Other Operating Income Expense [Abstract]
Other operating income [Table Text Block]	The breakdown of the balance under the heading “Other operating income” in the consolidated income statements is as follows: Other operating income (Millions of Euros) 2023 2022 2021 Gains from sales of non-financial services 347 284 301 Other operating income 272 244 360 Total 619 528 661
Other operating expense [Table Text Block]	The breakdown of the balance under the heading “Other operating expense” in the consolidated income statements is as follows: Other operating expense (Millions of Euros) 2023 2022 2021 Change in inventories 151 134 151 Contributions to guaranteed banks deposits funds 1,017 997 829 Hyperinflation adjustment (1) 2,007 1,687 585 Other operating expense ⁽²⁾ 867 620 475 Total 4,042 3,438 2,041 (1) For the year ended December 31, 2023 it includes €916 million related to Turkey and €1,062 million related to Argentina. For the year ended December 31, 2022, it includes €832 million related to Turkey and €822 million related to Argentina (see Note 2.2.18). (2) For the year ended December 2023, it includes €215 million corresponding to the total annual amount disbursed under the temporary tax on credit institutions and financial credit establishments, according to Law 38/2022 of December 27, 2022 (see Note 19.6).

Note 43 (Tables)

Note 43 (Tables)	12 Months Ended
	Dec. 31, 2023
Income And Expenses From Insurance And Reinsurance Contracts [Abstract]
Insurance And Reinsurance Contracts In Income And Expense [Table Text Block]	The balances of the headings “Income and expense from insurance and reinsurance contracts” in the consolidated income statements stem from the insurance activity and includes the following: Income and expense from insurance and reinsurance contracts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ⁽²⁾ Income from insurance and reinsurance contracts ⁽³⁾ 3,081 2,622 2,593 Expense from insurance and reinsurance contracts (1,821) (1,547) (1,685) Total 1,261 1,075 908 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4. (3) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3).
Income by type of insurance product [Table Text Block]	The table below shows the contribution of each insurance product to the Group´s income for the years ended December 31, 2023, 2022 and 2021: Net income by type of product (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 ⁽²⁾ Life insurance 617 649 622 Individual 590 573 583 Group insurance 27 76 39 Non-Life insurance 643 426 286 Home insurance — — — Other non-life insurance products 643 426 286 Total 1,261 1,075 908 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4.

Note 44 (Tables)

Note 44 (Tables)	12 Months Ended
	Dec. 31, 2023
Administration Costs [Abstract]
Personnel Expenses Breakdown [Table Text Block]	The breakdown of the balance under this heading in the consolidated income statements is as follows: Personnel expense (Millions of Euros) Notes 2023 2022 ⁽¹⁾ 2021 Wages and salaries 5,068 4,310 3,933 Social security costs 834 708 668 Defined contribution plan expense 25 139 87 71 Defined benefit plan expense 25 49 42 49 Other personnel expense 440 454 325 Total 6,530 5,601 5,046 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).
Administrative expenses [Table Text Block]	The breakdown of the balance under this heading in the consolidated income statements is as follows: Other administrative expense. Breakdown by main concepts (Millions of Euros) 2023 2022 ⁽¹⁾ 2021 Technology and systems 1,512 1,391 1,176 Communications 219 195 175 Advertising 349 266 207 Property, fixtures and materials 520 440 380 Taxes other than income tax 451 370 347 Surveillance and cash courier services 234 214 179 Other expense 1,090 897 786 Total 4,375 3,773 3,249 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 45 (Tables)

Note 45 (Tables)	12 Months Ended
	Dec. 31, 2023
Depreciation And Amortisation Exasfpense [Abstract]
Depreciation And Amortisation Expense [Table Text Block]	The breakdown of the balance under this heading in the consolidated income statements for the years ended December 31, 2023, 2022 and 2021 is as follows: Depreciation and amortization (Millions of Euros) Notes 2023 2022 2021 Tangible assets 17 867 818 740 For own use 547 501 437 Right-of-use assets 317 312 299 Investment properties and other 3 5 3 Intangible assets 18.2 536 510 494 Total 1,403 1,328 1,234

Note 46 (Tables)

Note 46 (Tables)	12 Months Ended
	Dec. 31, 2023
Provisions or reversal of provisions [Abstract]
Provisions or reversal of provisions [Table Text Block]	For the years ended December 31, 2023, 2022 and 2021, the net provisions recognized in this income statement line item were as follows: Provisions or reversal of provisions (Millions of Euros) Notes 2023 2022 2021 Pensions and other post-employment defined benefit obligations 25 31 (89) 61 Commitments and guarantees given 76 87 8 Pending legal issues and tax litigation 171 210 135 Other provisions (1) 95 84 814 Total 373 291 1,018 (1) In 2021, it includes a provision for the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Note 24).

Note 47 (Tables)

Note 47 (Tables)	12 Months Ended
	Dec. 31, 2023
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss [Abstract]
Impairment Or Reversal Of Impairment On Financial Assets Not Measured At Fair Value Through Profit Or Loss [Table Text Block]	The breakdown of impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification by the nature of those assets in the consolidated income statements is as follows: Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification (Millions of Euros) Notes 2023 2022 2021 Financial assets at fair value through other comprehensive income - Debt securities 42 76 17 Financial assets at amortized cost 4,386 3,303 3,017 Of which: recovery of written-off assets by cash collection 7.2.5 (369) (390) (423) Total 4,428 3,379 3,034

Note 49 (Tables)

Note 49 (Tables)	12 Months Ended
	Dec. 31, 2023
Impairment or reversal of impairment on non financial assets [Abstract]
Impairment Or Reversal Of Impairment On Non Financial Assets [Table Text Block]	The impairment losses on non-financial assets broken down by the nature of those assets in the consolidated income statements are as follows: Impairment or reversal of impairment on non-financial assets (Millions of Euros) Notes 2023 2022 2021 Tangible assets (1) 17 16 (53) 161 Intangible assets 26 25 19 Others 12 55 41 Total 54 27 221 (1) In 2021, it includes the impairment due to the closing of rented offices after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 17 and 24).

Note 50 (Tables)

Note 50 (Tables)	12 Months Ended
	Dec. 31, 2023
Profit Or Loss From Non Current Assets And Disposal Groups Classified As Held For Sale Not Qualifying As Discontinued Operations [Abstract]
Profit Or Loss From Non Current Assets And Disposal Groups Classified As Held For Sale Not Qualifying As Discontinued Operations [Table Text Block]	The main items included in the balance under this heading in the consolidated income statements are as follows: Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations (Millions of Euros) Notes 2023 2022 2021 Gains on sale of real estate 64 102 39 Impairment of non-current assets held for sale (1) 21 (42) (221) (97) Gains (losses) on sale of investments classified as non-current assets held for sale — 11 10 Gains on sale of equity instruments classified as non-current assets held for sale — — 8 Total 22 (108) (40) (1) In 2022 it includes the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias , SOCIMI, S.A. were acquired by the BBVA Group (see Note 17). In 2021, it included the impairment due to the closure of owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 21 and 24).

Note 51 (Tables)

Note 51 (Tables)	12 Months Ended
	Dec. 31, 2023
Consolidated statements of cash flows [Abstract]
Liabilities from financing activities [Table Text Block]	The variation between 2023, 2022 and 2021 of the financial liabilities from financing activities is the following: Liabilities from financing activities (Millions of Euros) Liabilities at amortized cost: Debt certificates Of which: Issuances of subordinated liabilities (1) 2023 2022 2021 2023 2022 2021 Balance at the beginning 55,429 55,763 61,780 12,485 14,794 17,248 Cash flows 13,283 (678) (5,728) 3,388 (1,945) (1,941) Non-cash changes (5) 344 (289) (40) (364) (513) Acquisition — — — — — — Disposal — — — — — (772) Disposals by companies held for sale — — — — — — Foreign exchange movement (5) 344 (289) (40) (364) 259 Fair value changes — — — — — — Balance at the end 68,707 55,429 55,763 15,832 12,485 14,794 (1) There were €35, €24 and €14 million of subordinated deposits as of December 31, 2023, 2022 and 2021, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €345, €313 and €359 million in 2023, 2022 and 2021, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.

Note 52 (Tables)

Note 52 (Tables)	12 Months Ended
	Dec. 31, 2023
Auditor's remuneration [abstract]
Fees for audits conducted and other related services [Table Text Block]	The details of the fees for the services contracted by entities of the BBVA Group for the year ended December 31, 2023, with their respective auditors and other audit entities are as follows: Fees for Audits conducted and other related services (1) (Millions of Euros) 2023 2022 Audits of the companies audited by firms belonging to the EY worldwide organization and other reports related with the audit (2) 28.5 24.8 Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the EY worldwide organization 1.4 1.0 Fees for audits conducted by other firms 0.1 0.1 (1) Regardless of the billed year. (2) Including fees pertaining to annual legal audits (€23.3 million as of December 31, 2023).
Other services rendered [Table Text Block]	In the year ended December 31, 2023, certain entities in the BBVA Group contracted other services (other than audits) as follows: Other Services rendered (Millions of Euros) 2023 2022 Firms belonging to the EY worldwide organization 0.2 0.1
Fees for audits conducted [Table Text Block]	This total of contracted services includes the detail of the services provided by Ernst & Young, S.L. to BBVA, S.A. or its controlled companies at the date of preparation of these consolidated financial statements as follows: Fees for audits conducted (1) (Millions of Euros) 2023 2022 Legal audit of BBVA,S.A. or its companies under control 7.9 7.6 Other audit services of BBVA, S.A. or its companies under control 5.4 5.2 Limited Review of BBVA, S.A. or its companies under control 1.9 1.4 Reports related to issuances 1.0 0.4 Assurance services and other required by the regulator 0.8 0.8 (1) Services provided by Ernst & Young, S.L. to companies located in Spain, to the branch of BBVA in New York and to the branch of BBVA in London.

Note 53 (Tables)

Note 53 (Tables)	12 Months Ended
	Dec. 31, 2023
Related party transactions [abstract]
Balances Arising From Transactions With Entities Of The Group Explanatory [Table Text Block]	The balances of the main captions in the consolidated balance sheets arising from the transactions carried out by the BBVA Group with associates and joint venture entities accounted for using the equity method are as follows: Balances arising from transactions with entities of the Group (Millions of Euros) 2023 2022 2021 Assets Loans and advances to credit institutions 5 9 9 Loans and advances to customers 791 1,842 2,031 Debt securities 4 7 7 Liabilities Deposits from credit institutions — 1 1 Customer deposits 134 204 296 Memorandum accounts Financial guarantees given 177 136 154 Other commitments given 595 751 1,056 Loan commitments given 119 10 11
Balance of income statement arising from transactions with entities of the group [Table Text Block]	The balances of the main captions in the consolidated income statements resulting from transactions with associates and joint venture entities that are accounted for under the equity method are as follows: Balances of consolidated income statement arising from transactions with entities of the Group (Millions of Euros) 2023 2022 2021 Income statement Interest and other income 44 20 16 Interest expense 4 2 — Fee and commission income 4 5 8 Fee and commission expense 49 40 31
Transactions with members of the board of directors and senior management balance at 31st december [Table Text Block]	The transactions entered into between BBVA or its Group companies with members of the Board of Directors and Senior Management of the Bank or their related parties were within the scope of the ordinary course of business of the Bank and were immaterial, defined as transactions the disclosure of which is not necessary to present a true and fair view of the Bank's equity, financial position and results, and were concluded on normal markets terms or on terms applicable to the rest of employees. The amount and nature of the main transactions carried out with members of the Board of Directors and Senior Management of the Bank, or their respective related parties, are shown below. Balance at 31 st December of each year (thousands of Euros) 2023 2022 2021 Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Directors Related parties of Directors Senior Management (1) Related parties of Senior Management Loans and credits 531 243 5,553 727 668 1,880 6,321 764 765 207 5,419 573 Bank guarantees — — 10 — — — 10 — — — 10 — Business credit — — — — — — — — — — — — (1) Excluding executive directors

Note 54 (Tables)

Note 54 (Tables)	12 Months Ended
	Dec. 31, 2023
Remuneration And Other Benefits Received By The Board Of Directors And Members Of The Banks Senior Management [Abstract]
Remuneration For Non Executive Directors Explanatory [Table Text Block]	The remuneration of the non-executive directors corresponding to the financial years 2023 and 2022 is as follows, individually and by remuneration item: Remuneration of non-executive directors (thousands of Euros) (1) Board of Directors Executive Committee Audit Committee Risk and Compliance Committee Remuneration Committee Appointments and Corporate Governance Committee Technology and Cybersecurity Committee Other positions (2) Total 2023 2022 José Miguel Andrés Torrecillas 129 167 132 – – 115 – 50 593 527 Jaime Caruana Lacorte 129 167 99 107 – – – – 502 567 Sonia Dulá (3) 107 – 44 71 – – – – 223 – Raúl Galamba de Oliveira 129 – – 178 – 31 43 80 461 332 Belén Garijo López 129 111 22 – 107 46 – – 416 349 Connie Hedegaard Koksbang 129 – 44 – – – – – 173 107 Lourdes Máiz Carro 129 – 66 – 43 – – – 238 238 José Maldonado Ramos 129 167 – – – 46 – – 342 342 Ana Peralta Moreno 129 – 66 – 43 – – – 238 238 Juan Pi Llorens 129 – – 143 – 46 43 – 361 458 Ana Revenga Shanklin 129 – – 107 29 – 43 – 307 264 Susana Rodríguez Vidarte (4) 32 42 – 27 – 12 – – 112 449 Carlos Salazar Lomelín (5) 129 – – – 43 – – – 172 172 Jan Verplancke 129 – – – 43 – 43 – 214 214 Total 1,684 653 475 633 307 297 171 130 4,350 4,257 (1) Includes amounts corresponding to positions on the Board and its various Committees, the composition of which was modified on April 26, 2023, with effect from May 1, 2023. (2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director. (3) Director appointed by the Annual General Shareholders’ Meeting held on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year. (4) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year.
Theoretical shares [Table Text Block]	During the financial years 2023 and 2022, the following theoretical shares derived from the remuneration system with deferred delivery of shares have been allocated to the non-executive directors, in an amount equivalent to 20% of the total annual fixed allowance in cash received by each of them in the financial years 2022 and 2021, respectively: 2023 2022 Theoretical shares allocated (1) Theoretical shares accumulated as of December 31 Theoretical shares allocated (1) Theoretical shares accumulated as of December 31 José Miguel Andrés Torrecillas 16,023 134,048 19,253 118,025 Jaime Caruana Lacorte 17,255 94,960 20,733 77,705 Sonia Dulá (2) 0 0 0 0 Raúl Galamba de Oliveira 10,091 29,768 10,177 19,677 Belén Garijo López 10,603 101,192 12,741 90,589 Connie Hedegaard Koksbang (3) 3,263 3,263 0 0 Lourdes Máiz Carro 7,237 71,593 8,696 64,356 José Maldonado Ramos 10,397 146,874 12,493 136,477 Ana Peralta Moreno 7,237 42,329 8,696 35,092 Juan Pi Llorens 13,943 148,542 18,703 134,599 Ana Revenga Shanklin 8,035 24,214 8,611 16,179 Susana Rodríguez Vidarte (4) 13,648 0 16,400 177,775 Carlos Salazar Lomelín 5,218 17,130 6,270 11,912 Jan Verplancke 6,521 35,772 7,835 29,251 Total 129,471 849,685 150,608 911,637 (1) The number of theoretical shares was calculated according to the average closing price of the BBVA share during the 60 trading sessions prior to the dates of the Annual General Shareholders’ Meetings of March 17, 2023 and March 18, 2022, which were €6.58 and €5.47 per share, respectively. (2) Director appointed by the Annual General Shareholders'’ Meeting held on March 17, 2023, therefore the allocation of theoretical shares is not due until 2024. (3) Director appointed by the Annual General Shareholders’ Meeting held on March 18, 2022, therefore the first allocation of theoretical shares was made in 2023. (4) Director who left office on March 17, 2023. In application of the system, she received a total of 191,423 BBVA shares after leaving office, which is equivalent to the total of theoretical shares accumulated up to that date.
Annual fixed remuneration [Table Text Block]	The remuneration of the executive directors corresponding to financial years 2023 and 2022 is the result of the application of the remuneration policies approved by the Annual General Shareholders' Meeting on March 17, 2023 and April 20, 2021, respectively. In accordance with said policies, the remuneration of executive directors corresponding to financial years 2023 and 2022 is indicated below, individually and by remuneration item. Annual Fixed Remuneration (thousands of Euros) 2023 2022 Chair 2,924 2,924 Chief Executive Officer 2,179 2,179 Total 5,103 5,103
Annual Variable Remuneration (AVR) [Table Text Block]	The Upfront Portion of the AVR for the financial year 2023 of the executive directors, calculated taking into account the above, and the Upfront Portion of the AVR for financial year 2022 of the executive directors, due for payment, respectively, once each of said years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2023 (1) 2022 (2) In cash In shares In cash In shares Chair 897 107,835 926 158,169 Chief Executive Officer 671 80,650 712 121,646 Total 1,568 188,485 1,639 279,815 (1) The Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares and/or share-linked instruments) over a five-year period. The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the executive directors established in the BBVA Directors’ Remuneration Policy approved by the Annual General Shareholders' Meeting on March 17, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments ; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders' Meeting held in 2023. (2) 40% of the AVR for financial year 2022 that was paid in 2023. AVR for financial year 2022 is subject to the rules on deferral, vesting and payment and to the remaining conditions established in the BBVA Directors' Remuneration Policy approved by the Annual General Shareholders' Meeting of April 20, 2021.
Deferred Annual Variable Remuneration from previous financial years [Table Text Block]	Deferred Annual Variable Remuneration from previous financial years 2023 (1) 2022 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Chair 2022 229 56,941 — — 2021 222 57,325 215 57,325 2020 0 0 — — 2019 176 45,529 513 136,587 2018 132 35,795 128 35,795 2017 — — 154 27,898 Subtotal 760 195,590 1,011 257,605 Chief Executive Officer 2022 176 43,793 — — 2021 169 43,552 164 43,552 2020 0 0 — — 2019 158 40,858 460 122,572 2018 — — — — 2017 — — — — Subtotal 503 128,203 624 166,124 Total 1,263 323,793 1,635 423,729 (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the Chair and/or the Chief Executive Officer will be made in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 80% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 60% of the 2021 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the accrual of the whole of their AVR for 2020 financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 20% of the 2019 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) becomes payable to the Chair, including the update of its cash portion. With such payment, the payment to the Chair of the 2018 Deferred AVR will be completed. This remuneration is associated with his former position as Chief Executive Officer. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the Chair and Chief Executive Officer was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the first payment (60% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. This remuneration is associated with his former position as Chief Executive Officer. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. After this, the payment to the Chair of the 2017 Deferred AVR was completed. This remuneration was associated with his former position as Chief Executive Officer.
Executive directors [Table Text Block]	Pension systems (thousands of Euros) Contributions (1) Funds accumulated Retirement Death and disability 2023 2022 2023 2022 2023 2022 Chair 458 451 322 473 24,759 22,771 Chief Executive Officer — — 230 285 — — Total 458 451 552 758 24,759 22,771 (1) Contributions recognized to meet pension commitments to executive directors in financial years 2023 and 2022. In the case of the Chair, these correspond to the sum of the annual retirement pension contribution and the adjustment made to the "discretionary pension benefits" for the financial years 2022 and 2021, the contribution to which was to be made in the financial years 2023 and 2022, respectively, and with the death and disability premiums. In the case of the Chief Executive Officer, the contributions recognized correspond exclusively to the insurance premiums paid by the Bank in 2023 and 2022 to cover the contingencies of death and disability, given that, in his case, the Bank has not undertaken any commitments to cover the retirement contingency.
Annual fixed remuneration Senior management [Table Text Block]	The remuneration of all Senior Management, excluding executive directors, for the financial years 2023 and 2022 (15 and 16 members with such status at December 31, of each financial year, respectively, excluding executive directors), are the result of the application of the remuneration policies approved by the Board of Directors (on June 30, 2021 and March 29, 2023, respectively). In accordance with the provisions established in said policies, the remuneration of the entire Senior Management corresponding to financial years 2023 and 2022 is indicated below, by remuneration item. Fixed remuneration (thousands of Euros) 2023 2022 Senior Management Total (1) 18,187 18,149
Annual Variable Remuneration (AVR) Senior Management [Table Text Block]	Annual Variable Remuneration (AVR) 2023 (1) 2022 (2) In cash In shares In cash In shares Senior Management Total (3) 2,226 267,550 2,158 365,746 (1) Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares or share-linked instruments) over a five-year period (the Deferred Portion). The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the members of the Senior Management established in the BBVA Group General Remuneration Policy approved by the Board of Directors on March 29, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders’ Meeting held in 2023. (2) 40% of the AVR for financial year 2022 that was paid in 2023. AVR for financial year 2022 is subject to the rules on deferral, vesting and payment and to the remaining conditions established in the BBVA Group General Remuneration Policy approved by the Board of Directors of June 30, 2021. (3) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases.
Deferred Annual Variable Remuneration from previous years Senior Management [Table Text Block]	Deferred Annual Variable Remuneration from previous financial years 2023 (1) 2022 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Senior Management Total (3) 2022 493 122,566 — — 2021 456 116,528 477 124,602 2020 1,484 289,020 — — 2019 302 77,447 1,364 320,172 2018 138 36,454 155 41,442 2017 — — 171 29,267 Total 2,873 642,015 2,167 515,483 (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the members of the Senior Management who are beneficiaries will take place in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 80% of the 2022 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 60% of the 2021 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the accrual of the whole of their AVR for 2020 financial year. Without prejudice to the above, two members of the Senior Management, executives of BBVA USA at that moment, are entitled to the payment of the Deferred Portion of a Success Bonus on the sale of BBVA USA. Of this Deferred Portion, the whole of it is payable with respect to one person and 60% of it with respect to the other, in accordance with the vesting and payment schedule applicable in each case pursuant to the remuneration policy applicable in that financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. Thereafter, 20% of the 2019 Deferred AVR will be deferred, which, if the conditions are met, will be paid in 2025. In addition, it includes the second payment (20%) of the Deferred Portion of a retention plan to be made to a member of Senior Management. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. With such payment, the payment of the 2018 Deferred AVR to its beneficiaries will be completed. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the members of Senior Management who were beneficiaries was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies in force in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) was made to the members of the Senior Management, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the members of Senior Management who were beneficiaries were paid the amounts that corresponded in each case (either 60% of the Deferred Portion or the whole of it) in accordance with the payment schedule established in the remuneration policies applicable in 2019, including the update of its cash portion. In addition, two members of the Senior Management were paid the Deferred Portion of a retention plan pursuant to the vesting and payment rules established in the remuneration policy applicable to that financial year. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) was made to the members of the Senior Management who were beneficiaries, including the update of its cash portion. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) was paid to the members of the Senior Management who were beneficiaries, including the update of its cash portion. Thereafter, the payment of the 2017 Deferred AVR to its beneficiaries was completed.
Senior Management [Table Text Block]	Pension systems (thousands of Euros) Contributions (1) Funds accumulated Retirement Death and disability 2023 2022 2023 2022 2023 2022 Senior Management Total (2) 3,829 3,694 1,102 1,465 34,069 29,435 (1) Contributions recognized to meet pension commitments with all Senior Management in 2023 and 2022, which correspond to the sum of the annual retirement pension contributions and the adjustments made to the "discretionary pension benefits" for 2022 and 2021 whose contribution was to be made in 2023 and 2022, respectively, and to the insurance premiums paid by the Bank for death and disability contingencies. (2) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases.

Note 2 Depreciation rates for t

Note 2 Depreciation rates for tangible assets (Details)	12 Months Ended
	Dec. 31, 2023
Buildings [member]
Effective dates of revaluation property plant and equipment [Line Items]
Effective dates of revaluation, property, plant and equipment	1% - 4%
Furniture [Member]
Effective dates of revaluation property plant and equipment [Line Items]
Effective dates of revaluation, property, plant and equipment	8% - 10%
Fixtures and fittings [member]
Effective dates of revaluation property plant and equipment [Line Items]
Effective dates of revaluation, property, plant and equipment	6% - 12%
Office equipment [member]
Effective dates of revaluation property plant and equipment [Line Items]
Effective dates of revaluation, property, plant and equipment	8% - 25%
Right of use assets [Member]
Effective dates of revaluation property plant and equipment [Line Items]
Effective dates of revaluation, property, plant and equipment	The lesser of the lease term or the useful life of the underlying asset

Note 3 Contribution to consolid

Note 3 Contribution to consolidated group total assets entities by main activities (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Contribution to Consolidated Group total assets [Line Items]
Assets	€ 775,558	€ 712,092	[1]	€ 662,885
Banking and other financial services [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	737,971	678,809		631,683
Insurance and pension and investment fund managing companies [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	34,520	30,066		29,657
Other non-financial services [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	€ 3,068	€ 3,217		€ 1,545
[1] (1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 4 Available amount for int

Note 4 Available amount for interim dividend payments (Details) € in Millions	Aug. 31, 2023 EUR (€)
Available amount for interim dividend payments [Line Items]
Profit of BBVA after the provision for income tax	€ 3,946
Maximum amount distributable	3,946
Amount of proposed interim dividend	954
BBVA cash balance available to the date	€ 40,855

Note 4 Allocation of earnings (

Note 4 Allocation of earnings (Details) € in Millions	Dec. 31, 2023 EUR (€)
Application of results [Line Items]
Profit or loss for the year allocation of earnings	€ 4,807
Interim dividends application of results	952
Dividend payables	2,277
Reserves / Acumulated gains	€ 1,579

Note 5 Basic and diluted earnin

Note 5 Basic and diluted earnings per share (Details) - EUR (€) € / shares in Units, € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Basic and diluted earnings per share [Line Items]
Profit (loss), attributable to owners of parent		€ 8,019	€ 6,358	[1]	€ 4,653
Adjustment additional Tier 1 securities	[3]	(345)	(313)		(359)
Profit adjusted		7,675	6,045		4,293
Of which profit loss from continued operations net of remuneration of additional Tier 1 capital instruments		7,675	6,045		4,014
Of which profit from discontinued operations net of non-controlling interest		0	0		280
Weighted average number of shares outstanding		5,988	6,424		6,668
Average treasury shares		(5)	(9)		(12)
Share buyback program	[4]	(28)	(225)		(255)
Adjusted number of shares basic earnings per share C		5,954	6,189		6,401
Adjusted number of shares diluted earnings per share D		€ 5,954	€ 6,189		€ 6,401
Basic earnings (loss) per share		€ 1.29	€ 0.98		€ 0.67
Basic earnings (loss) per share from continuing operations		1.29	0.98		0.63
Diluted earnings (loss) per share from continuing operations		1.29	0.98		0.63
Basic earnings (loss) per share from discontinued operations		0	0		0.04
Diluted earnings (loss) per share from discontinued operations		€ 0	€ 0		€ 0.04
[1] (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4). (3) For the calculation of earnings per share: (i) in 2023 the average number of shares takes into account the two redemptions made corresponding to the shares buyback programs announced in that year; (ii) in 2022 the average number of shares takes into account the two redemptions made corresponding to the shares buyback program announced in that 2021; and (iii) in the year 2021, the average number of shares takes into account 112 million shares acquired under the shares buyback program and the estimated number of shares pending to be acquired under the first tranche as of December 31, 2021 (see Note 4).

Note 6 Total Group assets by op

Note 6 Total Group assets by operating segments (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Total Assets of the Group by business segments [Line Items]
Assets	€ 775,558	€ 712,092	[2]	€ 662,885
SPAIN
Total Assets of the Group by business segments [Line Items]
Assets	457,624	427,116		413,477
MEXICO
Total Assets of the Group by business segments [Line Items]
Assets	173,489	142,557		118,106
TURKEY
Total Assets of the Group by business segments [Line Items]
Assets	68,329	66,036		56,245
South America [Member]
Total Assets of the Group by business segments [Line Items]
Assets	64,779	61,951		56,124
Rest of business [Member]
Total Assets of the Group by business segments [Line Items]
Assets	64,274	49,952		40,314
Subtotal assets by operating segments [Member]
Total Assets of the Group by business segments [Line Items]
Assets	828,495	747,613		684,266
Corporate Center And Adjustments [Member]
Total Assets of the Group by business segments [Line Items]
Assets	€ (52,936)	€ (35,520)		€ (21,381)
[1] (1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 6 Main margins and profit

Note 6 Main margins and profit by operating segments (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
income by operating segment [Line Items]
Interest income (expense)		€ (23,089)	€ (19,124)	[1]	€ (14,686)
Gross profit		29,542	24,743	[1]	21,066
Profit (loss) before tax		12,419	10,268	[1],[2]	7,247
Profit (loss) from discontinued operations		0	0		280
Profit (loss), attributable to owners of parent		(8,019)	(6,358)	[1],[3]	(4,653)
SPAIN
income by operating segment [Line Items]
Interest income (expense)		(5,620)	(3,774)	[1]	(3,502)
Gross profit		7,888	6,112	[1]	5,925
Profit (loss) before tax		3,947	2,610	[1]	2,122
Profit (loss) from discontinued operations					0
Profit (loss), attributable to owners of parent		(2,755)	(1,667)	[1]	(1,581)
MEXICO
income by operating segment [Line Items]
Interest income (expense)		(11,054)	(8,378)	[1]	(5,836)
Gross profit		14,267	10,734	[1]	7,603
Profit (loss) before tax		7,359	5,620	[1]	3,528
Profit (loss) from discontinued operations					0
Profit (loss), attributable to owners of parent		(5,340)	(4,131)	[1]	(2,568)
TURKEY
income by operating segment [Line Items]
Interest income (expense)		(1,869)	(2,611)	[1]	(2,370)
Gross profit		2,981	3,172	[1]	3,422
Profit (loss) before tax		1,325	1,636	[1]	1,953
Profit (loss) from discontinued operations					0
Profit (loss), attributable to owners of parent		(528)	(505)	[1]	(740)
South America [Member]
income by operating segment [Line Items]
Interest income (expense)		(4,394)	(4,138)	[1]	(2,859)
Gross profit		4,331	4,265	[1]	3,162
Profit (loss) before tax		1,206	1,434	[1]	961
Profit (loss) from discontinued operations					0
Profit (loss), attributable to owners of parent		(613)	(738)	[1]	(491)
Rest of business [Member]
income by operating segment [Line Items]
Interest income (expense)		(539)	(332)	[1]	(281)
Gross profit		1,103	790	[1]	741
Profit (loss) before tax		479	277	[1]	314
Profit (loss) from discontinued operations					0
Profit (loss), attributable to owners of parent		(389)	(240)	[1]	(254)
Corporate Center And Adjustments [Member]
income by operating segment [Line Items]
Interest income (expense)	[4]	(386)	(109)	[1]	(163)
Gross profit	[4]	1,029	329	[1]	212
Profit (loss) before tax	[4]	1,898	1,309	[1]	1,632
Profit (loss) from discontinued operations	[4]				280
Profit (loss), attributable to owners of parent	[4]	€ (1,607)	€ (922)	[1]	€ 980
[1] (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Adjustments include: (I) the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17); and (II) the costs associated with the collective layoff procedure and the closing of offices in 2021 (see Note 24).

Note 7 Positive scenario of GDP

Note 7 Positive scenario of GDP, unemployment rate and HPI for the main geographies (Details) - Positive scenario [Member]	Dec. 31, 2023	Dec. 31, 2022
SPAIN | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		4.90%
Unemployment		12.27%
HPI		(2.96%)
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	2.52%	1.85%
Unemployment	11.84%	11.35%
HPI	(1.61%)	(0.61%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.12%	3.60%
Unemployment	10.32%	9.75%
HPI	0.89%	1.58%
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.70%	3%
Unemployment	9.58%	8.36%
HPI	2.96%	1.67%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.55%	2.95%
Unemployment	8.81%	7.02%
HPI	2.11%	2.20%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.34%	2.93%
Unemployment	8.22%	5.87%
HPI	2.14%	2.31%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.13%
Unemployment	7.67%
HPI	1.88%
MEXICO | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		2.97%
Unemployment		3.28%
HPI		0.84%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	3.62%	1.45%
Unemployment	2.80%	3.04%
HPI	5.44%	4.23%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.79%	2.33%
Unemployment	3.11%	2.99%
HPI	4.98%	3.07%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.68%	1.91%
Unemployment	3.07%	3.01%
HPI	4.41%	4.18%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.67%	1.78%
Unemployment	3.04%	3.01%
HPI	4.14%	3.26%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.76%	1.81%
Unemployment	2.99%	3%
HPI	4.20%	4.39%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.85%
Unemployment	2.87%
HPI	5.09%
TURKEY | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		7.59%
Unemployment		10%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	5.54%	6.61%
Unemployment	9.31%	8.85%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	7.11%	(0.70%)
Unemployment	8.82%	10.76%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	4.33%	3.91%
Unemployment	9.86%	11.78%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.92%	3.90%
Unemployment	10.68%	11.81%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.58%	3.86%
Unemployment	10.95%	11.81%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.58%
Unemployment	11.01%
PERU | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		4%
Unemployment		7.67%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	0.33%	5.12%
Unemployment	6.85%	7.28%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	4.57%	3.15%
Unemployment	6.63%	6.79%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	4.22%	2.19%
Unemployment	6.54%	6.60%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.88%	2.21%
Unemployment	6.35%	6.52%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.72%	2.21%
Unemployment	6.32%	6.49%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.51%
Unemployment	6.28%
ARGENTINA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		7.42%
Unemployment		11.97%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	(1.82%)	3.86%
Unemployment	8.05%	9.39%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	0.42%	(1.02%)
Unemployment	9.46%	7.68%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	6.93%	2.79%
Unemployment	9.23%	6.77%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.13%	2.87%
Unemployment	8.34%	6.89%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.11%	3.62%
Unemployment	7.23%	6.81%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.13%
Unemployment	6.11%
COLOMBIA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		8.78%
Unemployment		11.41%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	1.59%	2.04%
Unemployment	10.06%	12.20%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.80%	2.07%
Unemployment	10.99%	12.77%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.59%	2.44%
Unemployment	11.27%	12.65%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.03%	3.11%
Unemployment	11.03%	12.15%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.24%	3.28%
Unemployment	10.35%	10.47%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.42%
Unemployment	9.90%

Note 7 Base scenario of GDP, un

Note 7 Base scenario of GDP, unemployment rate and HPI for the main geographies (Details) - Base scenario [Member]	Dec. 31, 2023	Dec. 31, 2022
SPAIN | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		4.61%
Unemployment		12.78%
HPI		(3.50%)
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	2.36%	1.20%
Unemployment	12.13%	12.83%
HPI	(1.93%)	(2.41%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.48%	3.37%
Unemployment	11.80%	11.38%
HPI	(0.92%)	0.55%
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.47%	2.98%
Unemployment	11.20%	9.95%
HPI	1.94%	1.30%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.53%	2.95%
Unemployment	10.40%	8.58%
HPI	1.74%	1.74%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.34%	2.93%
Unemployment	9.63%	7.18%
HPI	1.69%	1.86%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.13%
Unemployment	8.98%
HPI	1.43%
MEXICO | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		2.56%
Unemployment		3.32%
HPI		0.95%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	3.40%	0.58%
Unemployment	2.82%	3.20%
HPI	5.47%	4.14%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.91%	2.05%
Unemployment	3.27%	3.17%
HPI	4.90%	2.90%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.41%	1.84%
Unemployment	3.25%	3.15%
HPI	4.24%	4.19%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.60%	1.76%
Unemployment	3.18%	3.14%
HPI	4.14%	3.27%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.74%	1.79%
Unemployment	3.11%	3.13%
HPI	4.18%	4.37%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.83%
Unemployment	2.99%
HPI	5.07%
TURKEY | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		5.47%
Unemployment		10.53%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	4.46%	3.02%
Unemployment	9.63%	10.30%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.50%	(1.50%)
Unemployment	10.28%	11.75%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	3.54%	3.78%
Unemployment	10.85%	12.15%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.79%	3.78%
Unemployment	11.05%	12%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.46%	3.74%
Unemployment	11.15%	12%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.46%
Unemployment	11.20%
PERU | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		2.69%
Unemployment		7.72%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	(0.36%)	2.54%
Unemployment	6.88%	7.48%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.99%	2.42%
Unemployment	6.82%	7.03%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	3.48%	2.19%
Unemployment	6.77%	6.80%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.88%	2.21%
Unemployment	6.55%	6.70%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.72%	2.21%
Unemployment	6.50%	6.68%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.51%
Unemployment	6.46%
ARGENTINA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		5%
Unemployment		12.35%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	(3.01%)	(0.50%)
Unemployment	8.28%	10.40%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(4.04%)	(2.04%)
Unemployment	10.48%	8.60%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	5.95%	2.70%
Unemployment	10.15%	7.38%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.03%	2.73%
Unemployment	8.95%	7.38%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	1.98%	3.49%
Unemployment	7.70%	7.30%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2%
Unemployment	6.60%
COLOMBIA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		8.05%
Unemployment		11.49%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	1.24%	0.72%
Unemployment	10.11%	12.45%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.47%	1.81%
Unemployment	11.25%	13.06%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.33%	2.44%
Unemployment	11.56%	12.94%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.03%	3.10%
Unemployment	11.32%	12.43%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.24%	3.28%
Unemployment	10.60%	10.65%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.42%
Unemployment	10.09%

Note 7 Negative scenario of GDP

Note 7 Negative scenario of GDP, unemployment rate and HPI for the main geographies (Details) - Negative scenario [Member]	Dec. 31, 2023	Dec. 31, 2022
SPAIN | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		4.33%
Unemployment		13.26%
HPI		(4.13%)
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	2.21%	0.58%
Unemployment	12.40%	14.26%
HPI	(2.28%)	(4.02%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	0.86%	3.15%
Unemployment	13.23%	12.95%
HPI	(2.54%)	(0.40%)
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.25%	2.93%
Unemployment	12.77%	11.53%
HPI	1%	0.79%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.48%	2.91%
Unemployment	11.98%	10.14%
HPI	1.22%	0.99%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.30%	2.89%
Unemployment	11.34%	8.77%
HPI	0.93%	1.10%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.09%
Unemployment	10.57%
HPI	0.67%
MEXICO | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		2.17%
Unemployment		3.37%
HPI		1.03%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	3.20%	(0.28%)
Unemployment	2.85%	3.38%
HPI	5.49%	3.97%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.04%	1.77%
Unemployment	3.45%	3.35%
HPI	4.73%	2.69%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.13%	1.77%
Unemployment	3.43%	3.30%
HPI	4.03%	4.04%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.53%	1.72%
Unemployment	3.33%	3.27%
HPI	4%	3.24%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.70%	1.75%
Unemployment	3.25%	3.26%
HPI	4.18%	4.37%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.79%
Unemployment	3.13%
HPI	5.07%
TURKEY | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		3.35%
Unemployment		11.04%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	3.37%	(0.79%)
Unemployment	9.94%	11.76%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(0.33%)	(2.49%)
Unemployment	11.73%	12.82%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.58%	3.70%
Unemployment	11.92%	12.53%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.71%	3.70%
Unemployment	11.43%	12.19%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.39%	3.66%
Unemployment	11.32%	12.16%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.39%
Unemployment	11.36%
PERU | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		1.39%
Unemployment		7.77%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	(1.04%)	(0.05%)
Unemployment	6.91%	7.69%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(0.60%)	1.67%
Unemployment	7.03%	7.27%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.73%	2.19%
Unemployment	7.02%	7.02%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.88%	2.21%
Unemployment	6.77%	6.91%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.72%	2.21%
Unemployment	6.71%	6.88%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.51%
Unemployment	6.66%
ARGENTINA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		2.66%
Unemployment		12.71%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	(4.16%)	(5.10%)
Unemployment	8.49%	11.38%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(8.75%)	(3.29%)
Unemployment	11.46%	9.49%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	4.77%	2.59%
Unemployment	11.04%	7.97%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.92%	2.57%
Unemployment	9.54%	7.83%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	1.82%	3.33%
Unemployment	8.17%	7.78%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	1.85%
Unemployment	7.08%
COLOMBIA | 2022 [Member]
Macroeconomic variables [Line Items]
GDP		7.30%
Unemployment		11.57%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP	0.87%	(0.59%)
Unemployment	10.15%	12.71%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	0.15%	1.50%
Unemployment	11.51%	13.34%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.03%	2.44%
Unemployment	11.84%	13.21%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.03%	3.10%
Unemployment	11.59%	12.70%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.24%	3.28%
Unemployment	10.90%	10.86%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.42%
Unemployment	10.29%

Note 7 Expected loss variation

Note 7 Expected loss variation as of december (Details)	Dec. 31, 2023	Dec. 31, 2022
Bbva group [Member] | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	2.22%	2.23%
GDP over100 bp	(1.91%)	(1.95%)
Bbva group [Member] | Retail [Member]
Basic point [Line Items]
GDP -100 bp	1.88%	1.51%
GDP over100 bp	(1.65%)	(1.35%)
Bbva group [Member] | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.28%	0.67%
GDP over100 bp	(0.23%)	(0.55%)
Bbva group [Member] | Debt securities [Member]
Basic point [Line Items]
GDP -100 bp	0.02%	0.03%
GDP over100 bp	(0.02%)	(0.03%)
SPAIN | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.61%	1.18%
GDP over100 bp	(0.58%)	(0.95%)
SPAIN | Retail [Member]
Basic point [Line Items]
GDP -100 bp	0.47%	0.62%
GDP over100 bp	(0.45%)	(0.52%)
Housing price -100 bp	0.32%	0.23%
Housing price over100 bp	(0.32%)	(0.22%)
SPAIN | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.14%	0.54%
GDP over100 bp	(0.13%)	(0.42%)
Housing price -100 bp	0%	0.01%
Housing price over100 bp	0%	(0.01%)
MEXICO | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.94%	0.67%
GDP over100 bp	(0.89%)	(0.63%)
MEXICO | Retail [Member]
Basic point [Line Items]
GDP -100 bp	0.92%	0.63%
GDP over100 bp	(0.87%)	(0.60%)
Housing price -100 bp		0.04%
Housing price over100 bp		(0.03%)
MEXICO | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.02%	0.03%
GDP over100 bp	(0.02%)	(0.03%)
TURKEY | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.22%	0.19%
GDP over100 bp	(0.21%)	(0.18%)
TURKEY | Retail [Member]
Basic point [Line Items]
GDP -100 bp	0.11%	0.12%
GDP over100 bp	(0.11%)	(0.11%)
TURKEY | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.09%	0.05%
GDP over100 bp	(0.09%)	(0.05%)

Note 7 Maximum credit risk expo

Note 7 Maximum credit risk exposure (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Total stage [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	€ 904,889	€ 815,533	[1]	€ 753,730
Total stage [Member] | Financial assets held for trading [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	106,749	70,763	[1]	92,560
Total stage [Member] | Financial assets held for trading [Member] | equity instruments [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	4,589	4,404	[1]	15,963
Total stage [Member] | Financial assets held for trading [Member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	28,569	24,367	[1]	25,790
Total stage [Member] | Financial assets held for trading [Member] | loans and advances [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	73,590	41,993	[1]	50,807
Total stage [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	8,737	6,888	[1]	6,086
Total stage [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member] | equity instruments [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	7,963	6,511	[1]	5,303
Total stage [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	484	129	[1]	128
Total stage [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member] | loans and advances [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	290	247	[1]	655
Total stage [Member] | Financial assets designated at fair value through profit or loss [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	955	913	[1]	1,092
Total stage [Member] | Derivatives [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	48,747	53,101	[1]	43,687
Total stage [Member] | Financial assets at fair value through other comprehensive income, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	62,289	65,497	[1]	60,495
Total stage [Member] | Financial assets at fair value through other comprehensive income, category [member] | equity instruments [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	1,217	1,198	[1]	1,320
Total stage [Member] | Financial assets at fair value through other comprehensive income, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	61,047	64,273	[1]	59,148
Total stage [Member] | Financial assets at fair value through other comprehensive income, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	26	26	[1]	27
Total stage [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	463,130	425,803	[1]	383,870
Total stage [Member] | Financial assets at amortised cost, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	49,544	36,730	[1]	34,833
Total stage [Member] | Financial assets at amortised cost, category [member] | Loans and advances to central banks [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	7,176	4,420	[1]	5,687
Total stage [Member] | Financial assets at amortised cost, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	17,498	16,066	[1]	13,295
Total stage [Member] | Financial assets at amortised cost, category [member] | Loans and advances to customers [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	388,912	368,588	[1]	330,055
Total stage [Member] | Total financial assets risk [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	690,606	622,965	[1]	587,789
Total stage [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	214,283	192,568	[1]	165,941
Total stage [Member] | Total loan commitments and financial guarantees [Member] | Loan commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	152,868	136,920	[1]	119,618
Total stage [Member] | Total loan commitments and financial guarantees [Member] | Financial guarantees given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	18,839	16,511	[1]	11,720
Total stage [Member] | Total loan commitments and financial guarantees [Member] | Other commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	42,577	39,137	[1]	34,604
Stage 1 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	60,255	63,425		58,587
Stage 1 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	26	26		27
Stage 1 [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	410,590	378,407		334,772
Stage 1 [Member] | Financial assets at amortised cost, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	49,403	36,463		34,605
Stage 1 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to central banks [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	7,176	4,420		5,687
Stage 1 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	17,478	15,997		13,285
Stage 1 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to customers [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	336,533	321,528		281,195
Stage 1 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	204,842	181,427		152,914
Stage 1 [Member] | Total loan commitments and financial guarantees [Member] | Loan commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	147,376	130,459		112,494
Stage 1 [Member] | Total loan commitments and financial guarantees [Member] | Financial guarantees given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	17,612	15,214		10,146
Stage 1 [Member] | Total loan commitments and financial guarantees [Member] | Other commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	39,854	35,753		30,274
Stage 2 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	771	822		561
Stage 2 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	0	0		0
Stage 2 [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	38,061	33,873		34,418
Stage 2 [Member] | Financial assets at amortised cost, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	108	237		205
Stage 2 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to central banks [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	0	0		0
Stage 2 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	18	69		10
Stage 2 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to customers [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	37,935	33,568		34,203
Stage 2 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	8,411	9,993		12,070
Stage 2 [Member] | Total loan commitments and financial guarantees [Member] | Loan commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	5,326	6,283		6,953
Stage 2 [Member] | Total loan commitments and financial guarantees [Member] | Financial guarantees given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	998	1,015		1,329
Stage 2 [Member] | Total loan commitments and financial guarantees [Member] | Other commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	2,087	2,695		3,789
Stage 3 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	21	26		0
Stage 3 [Member] | Financial assets at fair value through other comprehensive income, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	0	0		0
Stage 3 [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	14,478	13,523		14,680
Stage 3 [Member] | Financial assets at amortised cost, category [member] | Debt securities [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	32	30		22
Stage 3 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to central banks [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	0	0		0
Stage 3 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to credit institutions [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	2	0		0
Stage 3 [Member] | Financial assets at amortised cost, category [member] | Loans and advances to customers [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	14,444	13,493		14,657
Stage 3 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	1,030	1,147		957
Stage 3 [Member] | Total loan commitments and financial guarantees [Member] | Loan commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	165	177		171
Stage 3 [Member] | Total loan commitments and financial guarantees [Member] | Financial guarantees given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	229	281		245
Stage 3 [Member] | Total loan commitments and financial guarantees [Member] | Other commitments given [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	€ 636	€ 689		€ 541
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 7 Maximum Credit Risk Ex_2

Note 7 Maximum Credit Risk Exposure, accumulated allowances and carrying amount by geographical location (Details) - EUR (€) € in Millions	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Maximum Exposure to Credit Risk [Line Items]
Loans and advances to customers	€ 377,643		€ 357,351	[1],[2]	€ 318,939
SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	214,522	[3]	214,066	[4],[5]	201,405	[6]
Allowance account for credit losses of financial assets	(4,593)	[3]	(4,860)	[4],[5]	(5,277)	[6]
Loans and advances to customers	209,929	[3]	209,206	[4],[5]	196,129	[6]
MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	91,086		73,729	[5]	57,847
Allowance account for credit losses of financial assets	(3,049)		(2,496)	[5]	(2,038)
Loans and advances to customers	88,037		71,233	[5]	55,809
TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	39,058	[7]	39,547	[5],[8]	33,472	[9]
Allowance account for credit losses of financial assets	(1,641)	[7]	(2,105)	[5],[8]	(2,058)	[9]
Loans and advances to customers	37,416	[7]	37,443	[5],[8]	31,414	[9]
South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	43,151	[10]	40,199	[5],[11]	36,335	[12]
Allowance account for credit losses of financial assets	(1,976)	[10]	(1,768)	[5],[11]	(1,736)	[12]
Loans and advances to customers	41,175	[10]	38,431	[5],[11]	34,599	[12]
Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,094		1,047	[5]	996
Allowance account for credit losses of financial assets	(10)		(8)	[5]	(8)
Loans and advances to customers	1,085		1,039	[5]	988
Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	388,912	[13]	368,588	[5],[14]	330,055	[15]
Allowance account for credit losses of financial assets	(11,269)	[13]	(11,237)	[5],[14]	(11,116)	[15]
Loans and advances to customers	377,643	[13]	357,351	[5],[14]	318,939	[15]
Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(1,665)		(2,164)	[5]	(2,528)
Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(9,604)		(9,073)	[5]	(8,587)
Stage 1 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	183,503	[3]	186,977	[4],[5]	171,883	[6]
Allowance account for credit losses of financial assets	(503)	[3]	(518)	[4],[5]	(722)	[6]
Loans and advances to customers	183,000	[3]	186,459	[4],[5]	171,161	[6]
Stage 1 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	81,619		66,448	[5]	51,665
Allowance account for credit losses of financial assets	(1,097)		(955)	[5]	(740)
Loans and advances to customers	80,522		65,494	[5]	50,925
Stage 1 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	34,105	[7]	32,755	[5],[8]	26,497	[9]
Allowance account for credit losses of financial assets	(167)	[7]	(224)	[5],[8]	(224)	[9]
Loans and advances to customers	33,938	[7]	32,531	[5],[8]	26,273	[9]
Stage 1 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	36,237	[10]	34,312	[5],[11]	30,166	[12]
Allowance account for credit losses of financial assets	(319)	[10]	(318)	[5],[11]	(277)	[12]
Loans and advances to customers	35,918	[10]	33,994	[5],[11]	29,889	[12]
Stage 1 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,069		1,035	[5]	984
Allowance account for credit losses of financial assets	0		0	[5]	(1)
Loans and advances to customers	1,068		1,035	[5]	983
Stage 1 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	336,533	[13]	321,528	[5],[14]	281,195	[15]
Allowance account for credit losses of financial assets	(2,087)	[13]	(2,014)	[5],[14]	(1,964)	[15]
Loans and advances to customers	334,446	[13]	319,513	[5],[14]	279,231	[15]
Stage 1 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(15)		(21)	[5]	(4)
Stage 1 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(2,072)		(1,994)	[5]	(1,959)
Stage 2 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	22,953	[3]	19,621	[4],[5]	21,380	[6]
Allowance account for credit losses of financial assets	(714)	[3]	(759)	[4],[5]	(923)	[6]
Loans and advances to customers	22,239	[3]	18,862	[4],[5]	20,457	[6]
Stage 2 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	6,995		5,342	[5]	4,261
Allowance account for credit losses of financial assets	(620)		(475)	[5]	(381)
Loans and advances to customers	6,375		4,866	[5]	3,880
Stage 2 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	3,234	[7]	4,436	[5],[8]	4,134	[9]
Allowance account for credit losses of financial assets	(314)	[7]	(358)	[5],[8]	(424)	[9]
Loans and advances to customers	2,920	[7]	4,078	[5],[8]	3,711	[9]
Stage 2 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	4,738	[10]	4,166	[5],[11]	4,425	[12]
Allowance account for credit losses of financial assets	(377)	[10]	(345)	[5],[11]	(362)	[12]
Loans and advances to customers	4,362	[10]	3,821	[5],[11]	4,062	[12]
Stage 2 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	15		3	[5]	3
Allowance account for credit losses of financial assets	(1)		0	[5]	0
Loans and advances to customers	14		3	[5]	3
Stage 2 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	37,935	[13]	33,568	[5],[14]	34,203	[15]
Allowance account for credit losses of financial assets	(2,026)	[13]	(1,938)	[5],[14]	(2,091)	[15]
Loans and advances to customers	35,909	[13]	31,629	[5],[14]	32,112	[15]
Stage 2 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(471)		(604)	[5]	(657)
Stage 2 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(1,555)		(1,334)	[5]	(1,434)
Stage 3 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	8,066	[3]	7,468	[4],[5]	8,143	[6]
Allowance account for credit losses of financial assets	(3,375)	[3]	(3,583)	[4],[5]	(3,631)	[6]
Loans and advances to customers	4,690	[3]	3,885	[4],[5]	4,511	[6]
Stage 3 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	2,472		1,939	[5]	1,921
Allowance account for credit losses of financial assets	(1,332)		(1,066)	[5]	(916)
Loans and advances to customers	1,140		873	[5]	1,005
Stage 3 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,719	[7]	2,356	[5],[8]	2,841	[9]
Allowance account for credit losses of financial assets	(1,160)	[7]	(1,523)	[5],[8]	(1,410)	[9]
Loans and advances to customers	559	[7]	833	[5],[8]	1,431	[9]
Stage 3 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	2,176	[10]	1,721	[5],[11]	1,744	[12]
Allowance account for credit losses of financial assets	(1,280)	[10]	(1,105)	[5],[11]	(1,096)	[12]
Loans and advances to customers	896	[10]	615	[5],[11]	648	[12]
Stage 3 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	11		9	[5]	9
Allowance account for credit losses of financial assets	(8)		(7)	[5]	(7)
Loans and advances to customers	2		2	[5]	2
Stage 3 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk			13,493	[5],[14]	14,657	[15]
Allowance account for credit losses of financial assets	(7,156)	[13]	(7,284)	[5],[14]	(7,061)	[15]
Loans and advances to customers	7,287	[13]	6,208	[5],[14]	7,596	[15]
Stage 3 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	(1,179)		(1,539)	[5]	(1,867)
Stage 3 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	€ (5,977)		€ (5,745)	[5]	€ (5,194)
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Spain includes all countries where BBVA, S.A. operates. (2) Spain includes all countries where BBVA, S.A. operates. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (3) Turkey includes all countries in which Garanti BBVA operates. (2) Turkey includes all countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (4) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (3) In South America, BBVA Group operates mainly in Argentina, Colombia, Peru and Uruguay. (4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2023, the remaining balance was €142 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize. (5) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2022 the remaining balance was €190 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize. (4) The amount of the accumulated allowances includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2021 the remaining balance was €266 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the operations or are applied to the value corrections when the losses materialize.

Note 7 Maximum credit risk ex_3

Note 7 Maximum credit risk exposure, accumulated allowances and carrying amount by counterparty (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Maximum credit risk exposure to customers [Line Items]
Loans and advances to customers	€ 377,643	€ 357,351	[1],[2]	€ 318,939
Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(23,294)	(20,922)	[3]	(19,719)
Allowance account for credit losses of financial assets	29	30	[3]	37
Loans and advances to customers	23,265	20,892	[3]	19,682
Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(13,271)	(12,802)	[3]	(9,826)
Allowance account for credit losses of financial assets	20	37	[3]	23
Loans and advances to customers	13,251	12,765	[3]	9,804
Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(175,337)	(170,929)	[3]	(146,797)
Allowance account for credit losses of financial assets	4,274	5,495	[3]	5,804
Loans and advances to customers	171,063	165,433	[3]	140,993
Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(177,009)	(163,936)	[3]	(153,714)
Allowance account for credit losses of financial assets	6,946	5,675	[3]	5,253
Loans and advances to customers	170,063	158,261	[3]	148,461
Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(388,912)	(368,588)	[3]	(330,055)
Allowance account for credit losses of financial assets	11,269	11,237	[3]	11,116
Loans and advances to customers	377,643	357,351	[3]	318,939
Stage 1 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(23,105)	(20,582)	[3]	(19,287)
Allowance account for credit losses of financial assets	9	8	[3]	13
Loans and advances to customers	23,096	20,574	[3]	19,274
Stage 1 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(13,072)	(12,548)	[3]	(9,672)
Allowance account for credit losses of financial assets	9	15	[3]	8
Loans and advances to customers	13,062	12,533	[3]	9,664
Stage 1 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(154,519)	(149,501)	[3]	(120,140)
Allowance account for credit losses of financial assets	517	675	[3]	759
Loans and advances to customers	154,002	148,826	[3]	119,381
Stage 1 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(145,837)	(138,896)	[3]	(132,096)
Allowance account for credit losses of financial assets	1,552	1,316	[3]	1,184
Loans and advances to customers	144,285	137,580	[3]	130,912
Stage 1 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(336,533)	(321,528)	[3]	(281,195)
Allowance account for credit losses of financial assets	2,087	2,014	[3]	1,964
Loans and advances to customers	334,446	319,513	[3]	279,231
Stage 2 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(164)	(302)	[3]	(369)
Allowance account for credit losses of financial assets	12	11	[3]	5
Loans and advances to customers	152	291	[3]	364
Stage 2 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(187)	(238)	[3]	(131)
Allowance account for credit losses of financial assets	4	12	[3]	6
Loans and advances to customers	183	226	[3]	125
Stage 2 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(15,299)	(15,087)	[3]	(19,366)
Allowance account for credit losses of financial assets	795	991	[3]	1,306
Loans and advances to customers	14,503	14,096	[3]	18,060
Stage 2 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(22,286)	(17,941)	[3]	(14,336)
Allowance account for credit losses of financial assets	1,214	925	[3]	773
Loans and advances to customers	21,071	17,017	[3]	13,563
Stage 2 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(37,935)	(33,568)	[3]	(34,203)
Allowance account for credit losses of financial assets	2,026	1,938	[3]	2,091
Loans and advances to customers	35,909	31,629	[3]	32,112
Stage 3 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(25)	(38)	[3]	(62)
Allowance account for credit losses of financial assets	7	11	[3]	19
Loans and advances to customers	18	27	[3]	43
Stage 3 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(12)	(17)	[3]	(24)
Allowance account for credit losses of financial assets	7	10	[3]	9
Loans and advances to customers	6	6	[3]	15
Stage 3 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(5,520)	(6,340)	[3]	(7,290)
Allowance account for credit losses of financial assets	2,962	3,829	[3]	3,738
Loans and advances to customers	2,558	2,511	[3]	3,552
Stage 3 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(8,886)	(7,098)	[3]	(7,281)
Allowance account for credit losses of financial assets	4,180	3,434	[3]	3,295
Loans and advances to customers	4,706	3,663	[3]	3,986
Stage 3 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(14,444)	(13,493)	[3]	(14,657)
Allowance account for credit losses of financial assets	7,156	7,284	[3]	7,061
Loans and advances to customers	€ 7,287	€ 6,208	[3]	€ 7,596
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 7 Loans and advances break

Note 7 Loans and advances breakdown by counterparty and product (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	€ 3,040	€ 4,101		€ 3,161
Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	22,890	18,898		14,030
Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	25,171	26,011		19,524
Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,463	8,571		7,911
Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,223	5,655		4,004
Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	322,683	302,118		276,739
Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	12,116	12,702		13,208
Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	402,586	378,056		338,577
Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	122,397	119,659		116,897
Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	26,671	20,345		10,979
Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	59,892	51,344		42,294
Of which lending for house purchase [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	97,555	95,249		95,209
Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,181	7,942		8,863
Central banks [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
Central banks [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
Central banks [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
Central banks [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,345	302		1,192
Central banks [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	4,878	3,802		4,174
Central banks [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	927	296		315
Central banks [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,151	4,401		5,681
Central banks [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,347	498		1,180
General government [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6	6		6
General government [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1	1		0
General government [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	960	1,021		791
General government [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	225	195		191
General government [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
General government [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	21,662	19,438		18,440
General government [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	412	232		394
General government [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	23,265	20,892		19,822
General government [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	271	297		324
General government [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6,933	5,382		1,413
credit institutions [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
credit institutions [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
credit institutions [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	76	24		0
credit institutions [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
credit institutions [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	5,786	5,251		2,788
credit institutions [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	5,329	4,009		4,004
credit institutions [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6,312	6,772		6,510
credit institutions [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	17,502	16,057		13,303
credit institutions [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
credit institutions [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	4,558	5,073		2,534
Other financial corporations [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	73	352		321
Other financial corporations [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	2	3		1
Other financial corporations [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	586	370		476
Other financial corporations [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	12	13		14
Other financial corporations [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	92	102		23
Other financial corporations [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,300	7,995		5,413
Other financial corporations [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	3,186	3,930		3,554
Other financial corporations [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	13,251	12,765		9,804
Other financial corporations [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	526	337		220
Other financial corporations [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	465	548		390
Non financial corporations [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,933	2,810		2,339
Non financial corporations [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,927	2,029		1,504
Non financial corporations [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	23,462	24,510		18,191
Non financial corporations [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	8,940	8,040		7,388
Non financial corporations [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
Non financial corporations [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	134,024	126,949		110,204
Non financial corporations [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	956	1,256		1,805
Non financial corporations [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	171,241	165,593		141,431
Non financial corporations [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	24,829	23,970		21,531
Non financial corporations [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	10,938	6,635		3,512
Non financial corporations [Member] | Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,181	7,942		8,863
Households [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,028	933		495
Households [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	20,959	16,865		12,523
Households [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	88	85		66
Households [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	285	322		317
Households [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	0		0
Households [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	147,491	139,925		134,505
Households [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	324	217		630
Households [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	170,175	158,348		148,536
Households [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	96,772	95,056		94,821
Households [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	2,430	2,209		1,950
Households [Member] | Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	59,892	51,344		42,294
Households [Member] | Of which lending for house purchase [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	97,555	95,249		95,209
Gross Carrying Amount [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	3,175	4,266		3,345
Gross Carrying Amount [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	24,454	19,985		14,949
Gross Carrying Amount [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	25,346	26,254		19,766
Gross Carrying Amount [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,714	8,857		8,256
Gross Carrying Amount [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,234	5,674		4,013
Gross Carrying Amount [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	331,813	311,553		286,127
Gross Carrying Amount [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	12,164	12,758		13,263
Gross Carrying Amount [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	413,901	389,347		349,719
Gross Carrying Amount [Member] | Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	125,328	122,719		119,980
Gross Carrying Amount [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	26,963	20,675		11,335
Gross Carrying Amount [Member] | Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	64,303	54,718		45,236
Gross Carrying Amount [Member] | Of which lending for house purchase [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	99,224	96,716		96,612
Gross Carrying Amount [Member] | Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	€ 7,743	€ 8,530		€ 9,423
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 7 Impaired loans and advan

Note 7 Impaired loans and advances at amortized cost covered by collateral (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	€ 189,602	€ 166,013	€ 166,042
Maximum exposure to credit risk [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	14,446	13,493	14,657
Of which secured by collateral [Member] | Residential property [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	3,167	2,537	2,875
Of which secured by collateral [Member] | Commercial property [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	771	849	1,068
Of which secured by collateral [Member] | Cash as collateral [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	5	3	5
Of which secured by collateral [Member] | Other [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	91	52	33
Of which secured by collateral [Member] | Financial [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	€ 1,226	€ 984	€ 886

Note 7 Guarantees Received (Det

Note 7 Guarantees Received (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Guarantees received [Line Items]
Impaired financial assets at amortised cost	€ 189,602	€ 166,013	€ 166,042
Value of collateral [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	136,141	125,963	117,362
Value of collateral [Member] | Of which guarantees normal risks under special monitoring [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	14,274	12,826	11,768
Value of collateral [Member] | Of which guarantees non performing risks [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	4,035	3,440	3,981
Value of other guarantees [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	53,462	40,050	48,680
Value of other guarantees [Member] | Of which guarantees normal risks under special monitoring [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	4,864	4,963	7,404
Value of other guarantees [Member] | Of which guarantees non performing risks [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	€ 1,226	€ 984	€ 886

Note 7 Probability of default o

Note 7 Probability of default of loans and advances to customers (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	[1]
Subject to 12 month ECL [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	92.40%	92.30%	89.40%
Subject to 12 month ECL [Member] | 0 to 2 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	3.80%	5.50%	5.80%
Subject to 12 month ECL [Member] | 2 to 5 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	10.70%	19.40%	15.70%
Subject to 12 month ECL [Member] | 5 to 11 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	25.40%	19.90%	15.20%
Subject to 12 month ECL [Member] | 11 to 39 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	21.70%	18.70%	18.70%
Subject to 12 month ECL [Member] | 39 to 194 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	20.60%	18.40%	19.10%
Subject to 12 month ECL [Member] | 194 to 1061 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	8.70%	9%	12.20%
Subject to 12 month ECL [Member] | 1061 to 2121 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	1%	1%	1.90%
Subject to 12 month ECL [Member] | More than 2121 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0.50%	0.50%	0.80%
Subject to lifetime ECL [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	7.60%	7.70%	10.60%
Subject to lifetime ECL [Member] | 0 to 2 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0%	0.10%	0%
Subject to lifetime ECL [Member] | 2 to 5 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0.20%	0.30%	0.10%
Subject to lifetime ECL [Member] | 5 to 11 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0.50%	0.70%	0.20%
Subject to lifetime ECL [Member] | 11 to 39 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	1.30%	0.80%	0.60%
Subject to lifetime ECL [Member] | 39 to 194 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	2.10%	1.90%	2.50%
Subject to lifetime ECL [Member] | 194 to 1061 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	2.20%	2.50%	3.80%
Subject to lifetime ECL [Member] | 1061 to 2121 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0.60%	0.70%	1.50%
Subject to lifetime ECL [Member] | More than 2121 [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	0.80%	0.80%	1.90%
[1] (1) Data corresponding to the year 2021, does not include commitments nor contingent liabilities.

Note 7 Impaired secured loans r

Note 7 Impaired secured loans risks (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 413,585	€ 389,073		€ 349,037
Impaired loans and advances at amortized cost	€ 14,446	€ 13,493		€ 14,657
Percentage of impairment loss recognised for loans and advances	3.50%	3.50%		4.20%
Central banks [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 7,176	€ 4,420		€ 5,687
Impaired loans and advances at amortized cost	0	0		0
Accumulated impairment	€ (25)	€ (19)		€ (6)
Percentage of impairment loss recognised for loans and advances	0%	0%		0%
General government [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 23,294	€ 20,922		€ 19,719
Impaired loans and advances at amortized cost	25	38		62
Accumulated impairment	€ (29)	€ (30)		€ (37)
Percentage of impairment loss recognised for loans and advances	0.10%	0.20%		0.30%
credit institutions [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 17,498	€ 16,066		€ 13,295
Impaired loans and advances at amortized cost	2	0		0
Accumulated impairment	€ (21)	€ (35)		€ (19)
Percentage of impairment loss recognised for loans and advances	0%	0%		0%
Other financial institutions [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 13,271	€ 12,802		€ 9,826
Impaired loans and advances at amortized cost	12	17		24
Accumulated impairment	€ (20)	€ (37)		€ (23)
Percentage of impairment loss recognised for loans and advances	0.10%	0.10%		0.20%
Non financial corporations [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 175,337	€ 170,929		€ 146,797
Impaired loans and advances at amortized cost	5,520	6,340		7,290
Accumulated impairment	€ (4,274)	€ (5,495)		€ (5,804)
Percentage of impairment loss recognised for loans and advances	3.20%	3.70%		5%
Agriculture foresty and fishing [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 4,530	€ 4,475		€ 4,077
Impaired loans and advances at amortized cost	133	153		125
Accumulated impairment	€ (136)	€ (151)		€ (154)
Percentage of impairment loss recognised for loans and advances	2.90%	3.40%		3.10%
Mining and quarrying [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 4,924	€ 5,006		€ 4,889
Impaired loans and advances at amortized cost	27	179		222
Accumulated impairment	€ (30)	€ (105)		€ (130)
Percentage of impairment loss recognised for loans and advances	0.60%	3.60%		4.50%
Manufacturing [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 45,893	€ 44,583		€ 35,058
Impaired loans and advances at amortized cost	814	869		1,003
Accumulated impairment	€ (685)	€ (794)		€ (867)
Percentage of impairment loss recognised for loans and advances	1.80%	1.90%		2.90%
Electricity gas steam and air conditioning supply [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 15,801	€ 15,344		€ 13,718
Impaired loans and advances at amortized cost	444	650		570
Accumulated impairment	€ (454)	€ (534)		€ (489)
Percentage of impairment loss recognised for loans and advances	2.80%	4.20%		4.20%
Water supply [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 905	€ 875		€ 782
Impaired loans and advances at amortized cost	16	21		22
Accumulated impairment	€ (11)	€ (16)		€ (21)
Percentage of impairment loss recognised for loans and advances	1.80%	2.40%		2.90%
Construction [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 8,269	€ 8,349		€ 8,336
Impaired loans and advances at amortized cost	665	784		894
Accumulated impairment	€ (426)	€ (537)		€ (619)
Percentage of impairment loss recognised for loans and advances	8.10%	9.40%		10.70%
Wholesale and retail trade [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 32,080	€ 30,974		€ 25,856
Impaired loans and advances at amortized cost	1,241	1,184		1,311
Accumulated impairment	€ (883)	€ (945)		€ (1,104)
Percentage of impairment loss recognised for loans and advances	3.90%	3.80%		5.10%
Transport and storage [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 10,378	€ 11,051		€ 10,310
Impaired loans and advances at amortized cost	310	319		879
Accumulated impairment	€ (213)	€ (343)		€ (400)
Percentage of impairment loss recognised for loans and advances	3%	2.90%		8.50%
Accommodation and food service activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 7,957	€ 8,003		€ 7,693
Impaired loans and advances at amortized cost	329	451		470
Accumulated impairment	€ (208)	€ (329)		€ (405)
Percentage of impairment loss recognised for loans and advances	4.10%	5.60%		6.10%
Information and communications [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 7,545	€ 7,498		€ 6,533
Impaired loans and advances at amortized cost	71	113		117
Accumulated impairment	€ (54)	€ (47)		€ (56)
Percentage of impairment loss recognised for loans and advances	0.90%	1.50%		1.80%
Financial and insurance activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 7,828	€ 7,446		€ 6,216
Impaired loans and advances at amortized cost	187	200		197
Accumulated impairment	€ (122)	€ (188)		€ (181)
Percentage of impairment loss recognised for loans and advances	2.40%	2.70%		3.20%
Real estate activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 12,550	€ 11,349		€ 9,438
Impaired loans and advances at amortized cost	658	718		719
Accumulated impairment	€ (508)	€ (527)		€ (466)
Percentage of impairment loss recognised for loans and advances	5.20%	6.30%		7.60%
Professional scientific and technical activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 4,053	€ 3,948		€ 3,910
Impaired loans and advances at amortized cost	178	169		185
Accumulated impairment	€ (124)	€ (151)		€ (152)
Percentage of impairment loss recognised for loans and advances	4.40%	4.30%		4.70%
Administrative and support service activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 4,449	€ 4,021		€ 3,046
Impaired loans and advances at amortized cost	151	180		181
Accumulated impairment	€ (111)	€ (124)		€ (132)
Percentage of impairment loss recognised for loans and advances	3.40%	4.50%		5.90%
Public administration and defense compulsory social security [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 303	€ 268		€ 203
Impaired loans and advances at amortized cost	10	8		9
Accumulated impairment	€ (11)	€ (12)		€ (11)
Percentage of impairment loss recognised for loans and advances	3.20%	2.90%		4.50%
Education [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 586	€ 556		€ 582
Impaired loans and advances at amortized cost	30	35		43
Accumulated impairment	€ (21)	€ (29)		€ (34)
Percentage of impairment loss recognised for loans and advances	5%	6.40%		7.40%
Human health services and social work activities [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 2,171	€ 2,108		€ 1,888
Impaired loans and advances at amortized cost	129	138		48
Accumulated impairment	€ (48)	€ (53)		€ (41)
Percentage of impairment loss recognised for loans and advances	6%	6.60%		2.50%
Arts entertainment and recreation [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 906	€ 927		€ 1,011
Impaired loans and advances at amortized cost	53	68		209
Accumulated impairment	€ (42)	€ (79)		€ (95)
Percentage of impairment loss recognised for loans and advances	5.90%	7.30%		20.70%
Other services [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 4,209	€ 4,147		€ 3,250
Impaired loans and advances at amortized cost	74	101		84
Accumulated impairment	€ (186)	€ (530)		€ (447)
Percentage of impairment loss recognised for loans and advances	1.80%	2.40%		2.60%
Households [Member]
Impaired secured loans risks [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 177,009	€ 163,936		€ 153,714
Impaired loans and advances at amortized cost	8,886	7,098		7,281
Accumulated impairment	€ (6,946)	€ (5,675)		€ (5,253)
Percentage of impairment loss recognised for loans and advances	5%	4.30%		4.70%
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 7 Changes in impaired fina

Note 7 Changes in impaired financial assets and guarantees given (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in impaired assets and guarantees given [Line Items]
Impaired financial assets and guarantees given at the beginning		€ 14,521	€ 15,467	€ 15,478
Additions Of Impaired Assets		11,066	8,084	8,556
Decrease of impaired assets	[1]	(5,795)	(5,742)	(4,555)
Increase (decrease) in financial assets		5,272	2,342	4,001
Decrease through write-off, financial assets		(3,770)	(2,771)	(3,613)
Increase (decrease) through foreign exchange and other movements, financial assets		(660)	(517)	(399)
Impaired financial assets and guarantees given at the end		€ 15,362	€ 14,521	€ 15,467
[1] (1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.

Note 7 Changes in impaired fi_2

Note 7 Changes in impaired financial assets written off from the balance sheet (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in impaired financial assets written off from the balance sheet [Line Items]
Financial assets written off during reporting period and still subject to enforcement activity, contractual amount outstanding		€ 22,595	€ 21,990	€ 22,001
Companies held for sale		0	0	0
Increase impaired financial assets written off from the balance sheet		3,841	2,871	3,709
Decrease impaired financial assets written off from the balance sheet		(2,035)	(2,431)	(3,605)
Re-financing or restructuring		(1)	(2)	(1)
Gain on recovery of loans and advances previously written off		(369)	(390)	(423)
Decrease foreclosed assets		(3)	(25)	(17)
Decrease sales	[1]	(1,201)	(1,498)	(2,437)
Decrease debt forgiveness		(410)	(368)	(599)
Decrease time barred debt and other causes		(51)	(147)	(129)
Net exchange differences written off		385	165	(116)
Financial assets written off during reporting period and still subject to enforcement activity, contractual amount outstanding		€ 24,787	€ 22,595	€ 21,990
[1] (1) Includes principal and interest.

Note 7 Changes in gross account

Note 7 Changes in gross accounting balances of loans and advances at amortized cost (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Changes in gross accounting balances and allowances of loans and advances at amortized cost [Line Items]
Gross carrying amount loans and advances at amortized cost		€ 389,073	[1]	€ 349,037
Gross carrying amount loans and advances at amortized cost		413,585		389,073	[1]	€ 349,037
Changes in gross accounting balances of loans and advances at amortized cost [Member]
Changes in gross accounting balances and allowances of loans and advances at amortized cost [Line Items]
Gross carrying amount loans and advances at amortized cost		389,073		349,037		344,072
Transfers of financial assets		0		0		0
Transfers from stage 1 to stage 2		0		0		0
Transfers from stage 2 to stage 1		0		0		0
Transfers to stage 3		0		0		0
Transfers from stage 3		0		0		0
Net annual origination of financial assets		31,764		40,522		14,364
Becoming write offs		(3,150)		(2,530)		(3,237)
Methodological changes and adoption of new standards	[2]			(672)
Net foreign exchange loss		(3,838)		2,004		(8,172)
Increase (decrease) through other movements, financial assets		401		140		2,018
Other impairment losses		(665)		573		(8)
Gross carrying amount loans and advances at amortized cost		413,585		389,073		349,037
Stage 1 [Member] | Changes in gross accounting balances of loans and advances at amortized cost [Member]
Changes in gross accounting balances and allowances of loans and advances at amortized cost [Line Items]
Gross carrying amount loans and advances at amortized cost		341,944		300,167		298,793
Transfers of financial assets		(11,647)		(5,041)		(10,785)
Transfers from stage 1 to stage 2		(18,172)		(12,726)		(14,482)
Transfers from stage 2 to stage 1		7,639		8,537		4,905
Transfers to stage 3		(3,203)		(1,941)		(1,772)
Transfers from stage 3		2,089		1,089		564
Net annual origination of financial assets		34,334		44,465		17,876
Becoming write offs		(186)		(63)		(74)
Methodological changes and adoption of new standards	[2]			(672)
Net foreign exchange loss		(2,833)		2,447		(6,054)
Increase (decrease) through other movements, financial assets		(60)		(2)		187
Other impairment losses		(365)		643		224
Gross carrying amount loans and advances at amortized cost		361,186		341,944		300,167
Stage 2 [Member] | Changes in gross accounting balances of loans and advances at amortized cost [Member]
Changes in gross accounting balances and allowances of loans and advances at amortized cost [Line Items]
Gross carrying amount loans and advances at amortized cost		33,636		34,213		30,601
Transfers of financial assets		10,463		3,914		8,640
Transfers from stage 1 to stage 2		18,172		12,726		14,482
Transfers from stage 2 to stage 1		(7,639)		(8,537)		(4,905)
Transfers to stage 3		(2,297)		(1,831)		(1,945)
Transfers from stage 3		2,226		1,556		1,009
Net annual origination of financial assets		(5,233)		(4,201)		(4,729)
Becoming write offs		(76)		(35)		(68)
Methodological changes and adoption of new standards	[2]			0
Net foreign exchange loss		(635)		18		(1,902)
Increase (decrease) through other movements, financial assets		(16)		29		1,642
Other impairment losses		(187)		(301)		29
Gross carrying amount loans and advances at amortized cost		37,953		33,636		34,213
Stage 3 [Member] | Changes in gross accounting balances of loans and advances at amortized cost [Member]
Changes in gross accounting balances and allowances of loans and advances at amortized cost [Line Items]
Gross carrying amount loans and advances at amortized cost		13,493		14,657		14,678
Transfers of financial assets		1,184		1,128		2,145
Transfers from stage 1 to stage 2		0		0		0
Transfers from stage 2 to stage 1		0		0		0
Transfers to stage 3		5,500		3,773		3,717
Transfers from stage 3		(4,316)		(2,645)		(1,573)
Net annual origination of financial assets		2,663		258		1,217
Becoming write offs		(2,889)		(2,432)		(3,095)
Methodological changes and adoption of new standards	[2]			0
Net foreign exchange loss		(369)		(461)		(216)
Increase (decrease) through other movements, financial assets		476		113		189
Other impairment losses		(112)		231		(261)
Gross carrying amount loans and advances at amortized cost		€ 14,446		€ 13,493		€ 14,657
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) The entire impact corresponds to the application of IFRS 17 (See notes 1.3 and 2.3).

Note 7 Changes in allowances of

Note 7 Changes in allowances of loans and advances at amortized cost (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 389,073	[1]	€ 349,037
Gross carrying amount loans and advances at amortized cost	413,585		389,073	[1]	€ 349,037
Changes in allowances of loans and advances at amortized cost [Member]
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	(11,291)		(11,142)		(12,141)
Transfers of financial assets	(2,790)		(1,473)		(1,893)
Transfers from stage 1 to stage 2	(563)		(287)		(463)
Transfers from stage 2 to stage 1	210		283		247
Transfers to stage 3	(2,734)		(1,662)		(1,862)
Transfers from stage 3	297		193		185
Net annual origination of allowances	(846)		(1,342)		(933)
Becoming write offs	3,071		2,106		2,795
Net foreign exchange loss	160		161		519
Increase (decrease) through other movements, financial assets	(252)		(112)		(189)
Other impairment losses	631		511		701
Gross carrying amount loans and advances at amortized cost	(11,316)		(11,291)		(11,142)
Stage 1 [Member] | Changes in allowances of loans and advances at amortized cost [Member]
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	(2,065)		(1,990)		(2,037)
Transfers of financial assets	73		63		187
Transfers from stage 1 to stage 2	118		110		139
Transfers from stage 2 to stage 1	(113)		(91)		(60)
Transfers to stage 3	81		51		111
Transfers from stage 3	(13)		(7)		(3)
Net annual origination of allowances	(466)		(406)		(563)
Becoming write offs	147		186		45
Net foreign exchange loss	(52)		(87)		70
Increase (decrease) through other movements, financial assets	3		0		12
Other impairment losses	229		168		297
Gross carrying amount loans and advances at amortized cost	(2,131)		(2,065)		(1,990)
Stage 2 [Member] | Changes in allowances of loans and advances at amortized cost [Member]
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	(1,942)		(2,091)		(2,289)
Transfers of financial assets	(336)		33		441
Transfers from stage 1 to stage 2	(681)		(397)		(602)
Transfers from stage 2 to stage 1	323		374		307
Transfers to stage 3	120		204		802
Transfers from stage 3	(97)		(148)		(66)
Net annual origination of allowances	(148)		(273)		(57)
Becoming write offs	71		30		56
Net foreign exchange loss	44		248		(270)
Increase (decrease) through other movements, financial assets	49		48		(79)
Other impairment losses	235		64		106
Gross carrying amount loans and advances at amortized cost	(2,026)		(1,942)		(2,091)
Stage 3 [Member] | Changes in allowances of loans and advances at amortized cost [Member]
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	(7,284)		(7,061)		(7,815)
Transfers of financial assets	(2,527)		(1,570)		(2,521)
Transfers from stage 1 to stage 2	0		0		0
Transfers from stage 2 to stage 1	0		0		0
Transfers to stage 3	(2,935)		(1,917)		(2,775)
Transfers from stage 3	408		347		254
Net annual origination of allowances	(232)		(663)		(314)
Becoming write offs	2,853		1,890		2,694
Net foreign exchange loss	169		0		719
Increase (decrease) through other movements, financial assets	(304)		(160)		(122)
Other impairment losses	167		279		298
Gross carrying amount loans and advances at amortized cost	€ (7,158)		€ (7,284)		€ (7,061)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 7 Sensitivity to interest

Note 7 Sensitivity to interest rate and credit spread analysis (Details)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Euro Member Countries, Euro | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[0.5% , 1.5%]	[1]	[1.5% , 3.5%]	[2]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[0.5% , 1.5%]	[4]
Percentage impact on net economic value credit spread	[-1.5% , -0.5%]	[3]	[-1.5% , -0.5%]	[4]
Euro Member Countries, Euro | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-1.5% , -0.5%]	[1]	[-1.5% , -0.5%]	[2],[5]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-1.5% , -0.5%]	[4],[5]
Mexico, Pesos | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[0.5% , 1.5%]	[1]	[0.5% , 1.5%]	[2]
Percentage impact on net economic value	[-1.5% , -0.5%]	[3]	[-1.5% , -0.5%]	[4]
Percentage impact on net economic value credit spread	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Mexico, Pesos | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-1.5% , -0.5%]	[1]	[-1.5% , -0.5%]	[2],[5]
Percentage impact on net economic value	[0.5% , 1.5%]	[3]	[0.5% , 1.5%]	[4],[5]
United States of America, Dollars | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[0.5% , 1.5%]	[1]	[0.5% , 1.5%]	[2]
Percentage impact on net economic value	[0.5% , 1.5%]	[3]	[0.5% , 1.5%]	[4]
Percentage impact on net economic value credit spread	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
United States of America, Dollars | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-1.5% , -0.5%]	[1]	[-1.5% , -0.5%]	[2],[5]
Percentage impact on net economic value	[-1.5% , -0.5%]	[3]	[-1.5% , -0.5%]	[4],[5]
Turkey, New Lira | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-0.5% , 0.5%]	[1]	[-0.5% , 0.5%]	[2]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Percentage impact on net economic value credit spread	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Turkey, New Lira | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-0.5% , 0.5%]	[1]	[-0.5% , 0.5%]	[2],[5]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4],[5]
Other [Member] | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-0.5% , 0.5%]	[1]	[-0.5% , 0.5%]	[2]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Percentage impact on net economic value credit spread	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Other [Member] | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-0.5% , 0.5%]	[1]	[-0.5% , 0.5%]	[2],[5]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4],[5]
Bbva group [Member] | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[1.5% , 3.5%]	[1]	[3.5% , 5.5%]	[2]
Percentage impact on net economic value	[-1.5% , -0.5%]	[3]	[0.5% , 1.5%]	[4]
Percentage impact on net economic value credit spread	[-1.5% , -0.5%]	[3]	[-3.5% , -1.5%]	[4]
Bbva group [Member] | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-3.5% , -1.5%]	[1]	[-5.5% , -3.5%]	[2],[5]
Percentage impact on net economic value	[0.5% , 1.5%]	[3]	[-1.5% , -0.5%]	[4],[5]
[1] (1) Percentage of "12 months" net interest income for the BBVA Group. (1) Percentage of "12 months" net interest income for the BBVA Group. (2) Percentage of CET1 (Fully Loaded) for BBVA Group. (3) In Euro and Pound sterling (included in "Other"), negative interest rates scenarios are allowed up to plausible levels.

Note 7 Sensitivity to one perce

Note 7 Sensitivity to one percent of the average rate in the main currencies (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Mexico, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	€ 25.8	€ 19.1	€ 14
Turkey, New Lira
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	4.4	3.5	4.7
Peru, Nuevos Soles
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	0.9	0.7	0.3
Chile, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	0.2	0.4	0.6
Colombia, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	1	0.9	1.1
Argentina, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	€ 1.3	€ 1.9	€ 0.6

Note 7 VaR by Risk factor (Deta

Note 7 VaR by Risk factor (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	€ 31	€ 27	€ 29
VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	42	36	36
VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	19	19	22
End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	36	29	31
Interest spread risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	36	33	33
Interest spread risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	43	35	32
Interest spread risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	23	25	27
Interest spread risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	41	32	34
Currency risk [member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	8	8	10
Currency risk [member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	6	12	13
Currency risk [member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	9	10	9
Currency risk [member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	6	13	9
Stock market risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	2	3	2
Stock market risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	17	2	4
Stock market risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	0	2	1
Stock market risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	4	7	5
Vega Correlation risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	7	7	11
Vega Correlation risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	8	11	1
Vega Correlation risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	9	11	10
Vega Correlation risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	8	5	11
Diversification effect [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(22)	(23)	(28)
Diversification effect [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(33)	(24)	(14)
Diversification effect [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(23)	(28)	(25)
Diversification effect [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	€ (23)	€ (28)	€ (29)
[1] (1) The figures that correspond to the maximum and minimum total VaR obtained in the year show the VaR figures by risk factor for the day on which said maximums and minimums occurred. (2) The diversification effect is the difference between the sum of the average individual risk factors and the total VaR figure that includes the implied correlation between all the variables and scenarios used in the measurement.

Note 7 Impact of the stress tes

Note 7 Impact of the stress test (Details) € in Millions	Dec. 31, 2023 EUR (€)
Europe [Member]
Impact of the stress test [Line Items]
Expected shortfall	€ (74)
MEXICO
Impact of the stress test [Line Items]
Expected shortfall	(73)
PERU
Impact of the stress test [Line Items]
Expected shortfall	(29)
VENEZUELA
Impact of the stress test [Line Items]
Expected shortfall	0
ARGENTINA
Impact of the stress test [Line Items]
Expected shortfall	(10)
COLOMBIA
Impact of the stress test [Line Items]
Expected shortfall	(4)
TURKEY
Impact of the stress test [Line Items]
Expected shortfall	€ (13)

Note 7 Effect offsetting for de

Note 7 Effect offsetting for derivatives and securities operation (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	€ 124,869	€ 99,465	€ 90,645
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	8,866	10,554	3,611
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	116,003	88,911	87,034
Financial instruments gross amount not offset in the consolidated balance sheets	105,998	76,468	77,534
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	10,905	12,431	10,971
Net amount	(900)	11	(1,471)
Liabilities [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	149,456	106,149	92,074
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	8,866	10,554	3,584
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	140,590	95,594	88,490
Financial instruments gross amount not offset in the consolidated balance sheets	133,475	84,502	80,698
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	10,757	10,084	10,798
Net amount	(3,642)	1,008	(3,006)
Derivatives [member] | Assets [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	44,641	52,354	36,349
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	8,866	10,554	3,611
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	35,775	41,800	32,737
Financial instruments gross amount not offset in the consolidated balance sheets	24,948	29,251	22,524
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	9,949	11,461	8,758
Net amount	878	1,088	1,456
Derivatives [member] | Liabilities [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	44,536	51,767	37,916
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	8,866	10,554	3,584
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	35,670	41,213	34,331
Financial instruments gross amount not offset in the consolidated balance sheets	27,131	31,063	22,524
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	8,755	9,498	10,119
Net amount	(216)	651	1,688
Reverse repurchase securities borrowing and similar agreements [Member] | Assets [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	80,227	47,111	54,296
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	0	0	0
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	80,227	47,111	54,296
Financial instruments gross amount not offset in the consolidated balance sheets	81,050	47,217	55,010
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	956	970	2,213
Net amount	(1,779)	(1,077)	(2,927)
Repurchase securities lending and similar agreements [Member] | Liabilities [member]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements	104,920	54,382	54,159
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements	0	0	0
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position	104,920	54,382	54,159
Financial instruments gross amount not offset in the consolidated balance sheets	106,344	53,439	58,174
Cash collateral received pledged gross amount not offset in the consolidated balance sheets	2,002	586	679
Net amount	€ (3,426)	€ 357	€ (4,694)

Note 7 LtSCD by LMU (Details)

Note 7 LtSCD by LMU (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
LtSCD by LMU [Line Items]
Average LtSCD by LMU	99%	96%	95%
BBVA SA [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	100%	98%	98%
BBVA Mexico [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	102%	98%	93%
Garanti BBVA group [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	78%	83%	81%
Other LMU [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	104%	96%	93%

Note 7 LCR main LMU (Details)

Note 7 LCR main LMU (Details)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
LCR main LMU [Line Items]
Average LCR main LMU	149%	159%	165%
BBVA SA [Member]
LCR main LMU [Line Items]
Average LCR main LMU	178%	186%	190%
BBVA Mexico [Member]
LCR main LMU [Line Items]
Average LCR main LMU	192%	199%	245%
Garanti BBVA group [Member]
LCR main LMU [Line Items]
Average LCR main LMU	212%	185%	211%

Note 7 Liquidity available by i

Note 7 Liquidity available by instrument (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
BBVA SA [Member] | Cash and withdrawable central bank reserves [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	€ 43,931	€ 48,271	€ 35,258
BBVA SA [Member] | Level 1 tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	31,606	33,081	37,272
BBVA SA [Member] | Level 2A tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	919	3,450	5,234
BBVA SA [Member] | Level 2B tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	2,916	3,471	9,492
BBVA SA [Member] | Other tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	44,324	22,708	27,870
BBVA SA [Member] | Non tradable assets eligible for central banks [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
BBVA SA [Member] | Cumulated counterbalancing capacity [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	123,696	110,981	115,127
BBVA Mexico [Member] | Cash and withdrawable central bank reserves [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	9,712	12,865	12,146
BBVA Mexico [Member] | Level 1 tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	20,345	13,974	13,881
BBVA Mexico [Member] | Level 2A tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	246	47	74
BBVA Mexico [Member] | Level 2B tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	132	35	28
BBVA Mexico [Member] | Other tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	469	467	343
BBVA Mexico [Member] | Non tradable assets eligible for central banks [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
BBVA Mexico [Member] | Cumulated counterbalancing capacity [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	30,903	27,388	26,472
Garanti BBVA group [Member] | Cash and withdrawable central bank reserves [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	9,899	6,731	8,179
Garanti BBVA group [Member] | Level 1 tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	6,117	9,165	5,549
Garanti BBVA group [Member] | Level 2A tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
Garanti BBVA group [Member] | Level 2B tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
Garanti BBVA group [Member] | Other tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	398	285	722
Garanti BBVA group [Member] | Non tradable assets eligible for central banks [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
Garanti BBVA group [Member] | Cumulated counterbalancing capacity [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	16,414	16,181	14,449
Other LMU [Member] | Cash and withdrawable central bank reserves [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	5,921	5,265	6,469
Other LMU [Member] | Level 1 tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	8,429	7,836	6,036
Other LMU [Member] | Level 2A tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
Other LMU [Member] | Level 2B tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	1	2
Other LMU [Member] | Other tradable assets [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	753	1,035	934
Other LMU [Member] | Non tradable assets eligible for central banks [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	0	0	0
Other LMU [Member] | Cumulated counterbalancing capacity [Member]
Disclosure of financial assets held for managing liquidity risk [Line Items]
Financial assets held for managing liquidity risk	€ 15,102	€ 14,136	€ 13,440

Note 7 NSFR main LMU (Details)

Note 7 NSFR main LMU (Details)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
NSFR main LMU [Line Items]
Average NSFR main LMU	131%	135%	135%
BBVA SA [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	120%	125%	126%
BBVA Mexico [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	140%	143%	149%
Garanti BBVA group [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	178%	166%	162%

Note 7 Residual maturities by c

Note 7 Residual maturities by contractual periods (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
On demand [Member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	€ 10,353	€ 9,227	€ 39,761
On demand [Member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
On demand [Member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	3	2
On demand [Member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
On demand [Member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	99	174
On demand [Member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	1	10
On demand [Member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	0	0	0
On demand [Member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	2,092	2,176	1,936
On demand [Member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	8,507	7,392	8,894
On demand [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	304,096	302,667	281,812
On demand [Member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	0	0	0
On demand [Member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	0	0	(33)
Not later than one month [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	61,678	66,497	24,598
Not later than one month [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	4,676	3,870	3,781
Not later than one month [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	1,288	2,199	901
Not later than one month [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	42,407	31,049	33,856
Not later than one month [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	28,644	24,622	18,531
Not later than one month [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,167	4,031	1,779
Not later than one month [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,187	1,841	3,065
Not later than one month [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	3,669	7,885	4,257
Not later than one month [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	5,526	5,760	2,728
Not later than one month [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	44,745	38,951	28,806
Not later than one month [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	86,908	51,638	52,437
Not later than one month [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(21)	(253)	(395)
Later than one month and not later than three months [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than one month and not later than three months [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	393	319	400
Later than one month and not later than three months [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	1,261	1,012	801
Later than one month and not later than three months [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	21,683	5,743	11,611
Later than one month and not later than three months [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	30,850	32,009	23,185
Later than one month and not later than three months [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	6,011	4,107	3,606
Later than one month and not later than three months [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	3,889	4,434	1,077
Later than one month and not later than three months [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,076	628	415
Later than one month and not later than three months [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	2,806	1,465	1,700
Later than one month and not later than three months [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	16,225	18,542	11,814
Later than one month and not later than three months [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	30,028	14,543	6,858
Later than one month and not later than three months [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(30)	24	(176)
Later than three months and not later than six months [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than three months and not later than six months [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	543	433	790
Later than three months and not later than six months [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	1,049	746	584
Later than three months and not later than six months [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	6,890	3,368	2,945
Later than three months and not later than six months [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	28,239	25,622	22,141
Later than three months and not later than six months [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,633	8,200	3,395
Later than three months and not later than six months [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	8,518	1,050	3,498
Later than three months and not later than six months [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	715	806	825
Later than three months and not later than six months [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,036	464	382
Later than three months and not later than six months [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	11,855	6,776	4,867
Later than three months and not later than six months [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	6,107	17,736	2,485
Later than three months and not later than six months [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	6	(1,010)	(326)
Later than six months and not later than nine months [Member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than six months and not later than nine months [Member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	594	434	373
Later than six months and not later than nine months [Member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	385	516	727
Later than six months and not later than nine months [Member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	3,398	1,432	1,063
Later than six months and not later than nine months [Member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	16,434	14,827	11,769
Later than six months and not later than nine months [Member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,578	4,305	2,333
Later than six months and not later than nine months [Member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	4,935	3,148	2,914
Later than six months and not later than nine months [Member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	119	56	183
Later than six months and not later than nine months [Member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	834	379	289
Later than six months and not later than nine months [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	3,905	2,575	1,717
Later than six months and not later than nine months [Member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	2,274	866	1,513
Later than six months and not later than nine months [Member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(62)	(23)	(66)
Later than nine months and not later than one year [Member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than nine months and not later than one year [Member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	602	468	299
Later than nine months and not later than one year [Member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	649	344	432
Later than nine months and not later than one year [Member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,596	1,127	1,692
Later than nine months and not later than one year [Member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	19,029	16,766	13,782
Later than nine months and not later than one year [Member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	11,950	4,746	3,958
Later than nine months and not later than one year [Member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	4,225	2,017	1,885
Later than nine months and not later than one year [Member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	605	694	924
Later than nine months and not later than one year [Member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	841	758	227
Later than nine months and not later than one year [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	5,500	2,870	1,520
Later than nine months and not later than one year [Member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,821	1,503	8,252
Later than nine months and not later than one year [Member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(267)	175	(641)
Later than one year and not later than two years [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than one year and not later than two years [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	602	242	211
Later than one year and not later than two years [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,019	971	694
Later than one year and not later than two years [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	3,319	4,582	2,188
Later than one year and not later than two years [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	41,267	41,049	39,656
Later than one year and not later than two years [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	15,266	18,417	18,854
Later than one year and not later than two years [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	10,296	6,318	9,477
Later than one year and not later than two years [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	795	648	496
Later than one year and not later than two years [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,033	700	578
Later than one year and not later than two years [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,753	1,476	1,740
Later than one year and not later than two years [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	2,630	8,136	29,954
Later than one year and not later than two years [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	69	40	100
Later than two years and not later than three years [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than two years and not later than three years [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	136	183	166
Later than two years and not later than three years [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	965	816	470
Later than two years and not later than three years [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	3,817	1,354	2,239
Later than two years and not later than three years [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	32,769	32,510	30,049
Later than two years and not later than three years [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	14,016	8,744	13,135
Later than two years and not later than three years [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	7,990	9,423	4,931
Later than two years and not later than three years [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	46	211	146
Later than two years and not later than three years [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	618	293	231
Later than two years and not later than three years [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,029	1,276	578
Later than two years and not later than three years [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,111	1,524	5,527
Later than two years and not later than three years [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	45	(153)	(122)
Later than three years and not later than five years [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than three years and not later than five years [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	24	6	8
Later than three years and not later than five years [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	974	551	261
Later than three years and not later than five years [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	2,133	2,400	1,118
Later than three years and not later than five years [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	45,116	43,828	44,508
Later than three years and not later than five years [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	29,245	23,307	17,214
Later than three years and not later than five years [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	11,175	13,282	12,332
Later than three years and not later than five years [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	198	396	146
Later than three years and not later than five years [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	695	594	337
Later than three years and not later than five years [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	758	798	863
Later than three years and not later than five years [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	2,060	3,493	4,755
Later than three years and not later than five years [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(135)	(466)	(155)
Later than five years [member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	0	0	0
Later than five years [member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	102	83	26
Later than five years [member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	1,291	830	469
Later than five years [member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	139	289	739
Later than five years [member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	104,086	96,201	94,780
Later than five years [member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	34,558	31,480	47,331
Later than five years [member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	22,424	18,145	19,991
Later than five years [member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	695	399	579
Later than five years [member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	638	727	722
Later than five years [member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	1,092	273	416
Later than five years [member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	677	575	1,490
Later than five years [member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	(2,616)	(3,717)	(66)
Total [Member] | Cash cash balances at central banks and other demand deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	72,031	75,724	64,359
Total [Member] | Deposits in credit entities [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	7,672	6,040	6,056
Total [Member] | Deposits in other financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	9,882	7,988	5,343
Total [Member] | Reverse repo securities borrowing and margin lending [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	86,382	51,343	57,451
Total [Member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	346,433	327,534	298,574
Total [Member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	118,424	107,338	111,614
Total [Member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	74,639	59,658	59,169
Total [Member] | Deposits in financial institutions [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	10,011	13,899	9,907
Total [Member] | Deposits in other financial institutions and international agencies [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	22,535	18,532	16,087
Total [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	390,959	376,203	334,132
Total [Member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	133,615	100,013	113,269
Total [Member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	€ (3,009)	€ (5,383)	€ (1,880)

Wholesale financing transaction

Wholesale financing transactions carried out by group operations (Details) € in Millions	Dec. 31, 2023 EUR (€)
Jan-23 [Member] | 4.625% [Member] | January 30 [Member] | Jan-31 [Member] | Euro Member Countries, Euro | BBVA SA [Member]
Type of Issue [Line Items]
Senior non-preferred	€ 1,000
Jan-23 [Member] | 3.125% [Member] | Jun-27 [Member] | Euro Member Countries, Euro | BBVA SA [Member]
Type of Issue [Line Items]
Covered bonds	1,500
Feb-23 [Member] | TIIE day 1 + 32 basis points [Member] | Feb-27 [Member] | Mexico, Pesos | BBVA Mexico [Member]
Type of Issue [Line Items]
Senior (Tranche 1)- Green bond	8,689
Feb-23 [Member] | 9.540% [Member] | Feb-30 [Member] | Mexico, Pesos | BBVA Mexico [Member]
Type of Issue [Line Items]
Senior (Tranche 2)	6,131
May-23 [Member] | 4.125% [Member] | May-25 [Member] | May-26 [Member] | Euro Member Countries, Euro | BBVA SA [Member]
Type of Issue [Line Items]
Senior preferred	1,000
June-23 [Member] | 5.570% [Member] | Jun-Sep 28 [Member] | Sep-33 [Member] | Euro Member Countries, Euro | BBVA SA [Member]
Type of Issue [Line Items]
Tier 2	750
June-23 [Member] | 8.375% [Member] | Dec-28 [Member] | Perpetual [Member] | Euro Member Countries, Euro | BBVA SA [Member]
Type of Issue [Line Items]
AT1	1,000
June-23 [Member] | 8.450% [Member] | Jun-33 [Member] | Jun-38 [Member] | United Kingdom, Pounds | BBVA Mexico [Member]
Type of Issue [Line Items]
Tier 2	1,000
Aug-23 [Member] | 8.250% [Member] | Aug-Nov-28 [Member] | Nov-33 [Member] | United Kingdom, Pounds | BBVA SA [Member]
Type of Issue [Line Items]
Tier 2	300
Sept-23 [Member] | 9.375% [Member] | Sep-29 [Member] | Perpetual [Member] | United States of America, Dollars | BBVA SA [Member]
Type of Issue [Line Items]
AT1	1,000
Nov-23 [Member] | 7.883% [Member] | Nov-33 [Member] | Nov-34 [Member] | United States of America, Dollars | BBVA SA [Member]
Type of Issue [Line Items]
Tier 2	750
Nov-23 [Member] | TIIE day 1 + 32 basis points [Member] | Apr-27 [Member] | Mexico, Pesos | BBVA Mexico [Member]
Type of Issue [Line Items]
Senior (Tranche 1)	9,900
Nov-23 [Member] | 10.240% [Member] | Nov-30 [Member] | Mexico, Pesos | BBVA Mexico [Member]
Type of Issue [Line Items]
Senior (Tranche 2)	€ 3,600

Note 7 Encumbered and unencumbe

Note 7 Encumbered and unencumbered asstes (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Book value [Member] | Total assets encumbered and unencumbered [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	€ 78,586	€ 92,916	€ 114,336
Unencumbered assets	696,972	619,177	548,548
Book value [Member] | equity instruments [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	592	819	307
Unencumbered assets	13,176	11,293	22,280
Book value [Member] | Debt securities [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	51,458	33,533	31,557
Unencumbered assets	88,976	92,665	89,307
Book value [Member] | Loans and advances and other [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	26,535	58,563	82,472
Unencumbered assets	594,821	515,218	436,962
Market value [Member] | equity instruments [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	592	819	307
Unencumbered assets	13,176	11,293	22,280
Market value [Member] | Debt securities [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	50,818	32,291	29,527
Unencumbered assets	€ 88,976	€ 92,665	€ 89,307

Note 7 Collateral pledges recei

Note 7 Collateral pledges received (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Collateral received [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	€ 73,836	€ 40,701	€ 40,905
Fair value of collateral received or own debt securities issued available for encumbrance	14,825	9,415	17,029
Fair value of collateral received or own debt securities issued nor available for encumbrance	996	1,279	1,719
equity instruments [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	1,019	323	289
Fair value of collateral received or own debt securities issued available for encumbrance	51	759	265
Fair value of collateral received or own debt securities issued nor available for encumbrance	0	0	0
Debt securities [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	72,817	40,378	40,616
Fair value of collateral received or own debt securities issued available for encumbrance	14,774	8,656	16,764
Fair value of collateral received or own debt securities issued nor available for encumbrance	996	1,279	1,719
Loans and advances and other assets [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	0	0	0
Fair value of collateral received or own debt securities issued available for encumbrance	0	0	0
Fair value of collateral received or own debt securities issued nor available for encumbrance	0	0	0
Own debt securities issued other than own covered bonds [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	0	0	0
Fair value of collateral received or own debt securities issued available for encumbrance	74	92	50
Fair value of collateral received or own debt securities issued nor available for encumbrance	€ 0	€ 0	€ 0

Note 7 Sources of encumbrance (

Note 7 Sources of encumbrance (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Book value of financial liabilities [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	€ 151,766	€ 122,400	€ 137,242
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	149,853	128,628	151,275
Derivatives [member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	15,895	15,950	15,368
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	13,756	16,699	15,191
deposits [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	126,777	95,728	109,311
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	126,543	99,077	120,957
Outstanding subordinated debt [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	9,094	10,722	12,563
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	9,554	12,852	15,127
Other [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	1,066	731	620
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	€ 2,568	€ 4,989	€ 3,966

Note 8 Fair value of financial

Note 8 Fair value of financial instruments by levels (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	[2]
Financial instruments assets and liabilities [Line Items]
Cash and cash equivalents		€ 75,416	€ 79,756	[1],[2]	€ 67,799	[2]	€ 76,888
Current financial assets at fair value through profit or loss, classified as held for trading		141,042	110,671	[3]	123,493
Derivative financial assets held for trading		34,293	39,908	[3]	30,933
Equity instruments held for trading		4,589	4,404	[3]	15,963
Debt instruments held for trading		28,569	24,367	[3]	25,790
Loans and advances held for trading		73,590	41,993	[3]	50,807
Financial assets at fair value through profit or loss, mandatorily measured at fair value		8,737	6,888	[3]	6,086
Equity instruments at fair value through profit or loss mandatorily measured at fair value	[4]	7,963	6,511	[3]	5,303
Debt securities at fair value through profit or loss mandatorily measured at fair value		484	129	[3]	128
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		290	247	[3]	655
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		955	913	[3]	1,092
Debt securities at fair value through profit or loss		955	913	[3]	1,092
Financial assets at fair value through other comprehensive income		62,205	65,374	[3]	60,421
Investments in equity instruments designated at fair value through other comprehensive income		1,217	1,198	[3]	1,320
Debt securities at fair value through other comprehensive income	[5]	60,963	64,150	[3],[6],[7]	59,074
Loans and advances to credit institutions at fair value through other comprehensive income		26	26	[3]	27
Derivative financial assets held for hedging		1,482	1,891	[3]	1,805
Financial liabilities at fair value through profit or loss that meet definition of held for trading		121,715	95,611	[3]	91,135
Derivative financial liabilities held for trading		33,045	37,909	[3]	31,705
Short positions held for trading		15,735	13,487	[3]	15,135
Deposits held for trading		72,935	44,215	[3]	44,294
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		13,299	10,580	[3]	9,683
Deposits from credit institutions at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		717	700	[3]	809
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently		3,977	3,288	[3]	3,396
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		8,605	6,592	[3]	5,479
Derivative financial liabilities held for hedging		2,625	3,303	[3]	2,626
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		21,972	22,710	[3]	32,371
Derivative financial assets held for trading		144	795	[3]	3,954
Equity instruments held for trading		4,494	4,369	[3]	15,925
Debt instruments held for trading		17,333	16,284	[3]	11,877
Loans and advances held for trading		0	1,262	[3]	615
Financial assets at fair value through profit or loss, mandatorily measured at fair value		7,028	5,720	[3]	4,378
Equity instruments at fair value through profit or loss mandatorily measured at fair value		6,742	5,457	[3]	4,158
Debt securities at fair value through profit or loss mandatorily measured at fair value		286	19	[3]	0
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		0	245	[3]	220
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		908	913	[3]	916
Debt securities at fair value through profit or loss		908	913	[3]	916
Financial assets at fair value through other comprehensive income		52,987	53,248	[3]	52,157
Investments in equity instruments designated at fair value through other comprehensive income		1,026	1,040	[3]	1,178
Debt securities at fair value through other comprehensive income		51,961	52,182	[3]	50,952
Loans and advances to credit institutions at fair value through other comprehensive income		0	26	[3]	27
Derivative financial assets held for hedging		0	4	[3]	63
Financial liabilities at fair value through profit or loss that meet definition of held for trading		14,133	20,611	[3]	26,215
Derivative financial liabilities held for trading		191	746	[3]	4,755
Short positions held for trading		13,942	13,354	[3]	15,124
Deposits held for trading		0	6,511	[3]	6,335
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	1
Deposits from credit institutions at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently		0	0	[3]	1
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Derivative financial liabilities held for hedging		0	100	[3]	53
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		116,905	85,636	[3]	87,736
Derivative financial assets held for trading		33,880	38,140	[3]	26,732
Equity instruments held for trading		24	0	[3]	0
Debt instruments held for trading		11,081	7,934	[3]	13,725
Loans and advances held for trading		71,921	39,562	[3]	47,279
Financial assets at fair value through profit or loss, mandatorily measured at fair value		493	151	[3]	522
Equity instruments at fair value through profit or loss mandatorily measured at fair value		72	40	[3]	394
Debt securities at fair value through profit or loss mandatorily measured at fair value		132	111	[3]	128
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		288	0	[3]	0
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		47	0	[3]	176
Debt securities at fair value through profit or loss		47	0	[3]	176
Financial assets at fair value through other comprehensive income		8,335	11,537	[3]	7,545
Investments in equity instruments designated at fair value through other comprehensive income		52	58	[3]	36
Debt securities at fair value through other comprehensive income		8,258	11,479	[3]	7,509
Loans and advances to credit institutions at fair value through other comprehensive income		26	0	[3]	0
Derivative financial assets held for hedging		1,482	1,887	[3]	1,733
Financial liabilities at fair value through profit or loss that meet definition of held for trading		106,382	73,871	[3]	64,305
Derivative financial liabilities held for trading		32,111	36,161	[3]	26,560
Short positions held for trading		1,750	133	[3]	11
Deposits held for trading		72,520	37,577	[3]	37,733
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		11,073	8,990	[3]	8,243
Deposits from credit institutions at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		717	700	[3]	809
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently		1,751	1,698	[3]	1,956
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		8,605	6,592	[3]	5,479
Derivative financial liabilities held for hedging		2,586	3,179	[3]	2,573
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		2,165	2,325	[3]	3,386
Derivative financial assets held for trading		269	974	[3]	247
Equity instruments held for trading		71	34	[3]	37
Debt instruments held for trading		155	148	[3]	189
Loans and advances held for trading		1,669	1,169	[3]	2,913
Financial assets at fair value through profit or loss, mandatorily measured at fair value		1,216	1,017	[3]	1,186
Equity instruments at fair value through profit or loss mandatorily measured at fair value		1,148	1,014	[3]	751
Debt securities at fair value through profit or loss mandatorily measured at fair value		66	0	[3]	0
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		2	3	[3]	435
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Debt securities at fair value through profit or loss		0	0	[3]	0
Financial assets at fair value through other comprehensive income		883	589	[3]	719
Investments in equity instruments designated at fair value through other comprehensive income		139	100	[3]	106
Debt securities at fair value through other comprehensive income		745	489	[3]	613
Loans and advances to credit institutions at fair value through other comprehensive income		0	0	[3]	0
Derivative financial assets held for hedging		0	0	[3]	9
Financial liabilities at fair value through profit or loss that meet definition of held for trading		1,201	1,129	[3]	615
Derivative financial liabilities held for trading		743	1,002	[3]	389
Short positions held for trading		44	0	[3]	0
Deposits held for trading		415	127	[3]	226
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		2,227	1,590	[3]	1,439
Deposits from credit institutions at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently		2,227	1,590	[3]	1,439
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	[3]	0
Derivative financial liabilities held for hedging		€ 39	€ 25	[3]	€ 0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) In 2021 it includes the balance of the Group's businesses in the United States included within the scope of the USA Sale (see Note 3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) As of December 31, 2023, BBVA maintains a direct stake in Neon Payments Limited of 22.6% of its capital stock (see Note 3). (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 8 Fair value of financia_2

Note 8 Fair value of financial assets by levels, valuation techniques and inputs (Details)	12 Months Ended
	Dec. 31, 2023
Financial assets held for trading [Member]
Financial assets at fair value by levels [Line Items]
Observable inputs	- Exchange rates- Market quoted future prices- Market interest rates- Underlying assets prices: shares, funds, commodities- Market observable volatilities - Issuer credit spread levels- Quoted dividends- Market listed correlations
Financial assets held for trading [Member] | equity instruments [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Comparable pricing (Observable price in a similar market)Net asset value
Observable inputs	- Brokers quotes- Market operations- NAVs published
Unobservable inputs	- NAV provided by the administrator of the fund
Financial assets held for trading [Member] | Debt securities [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)Observed prices in non-active markets
Observable inputs	- Issuer´s credit risk- Current market interest rates- Non active markets prices
Unobservable inputs	- Prepayment rates- Issuer´s credit risk- Recovery rates
Financial assets held for trading [Member] | loans and advances [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Observable inputs	- Issuer´s credit risk- Current market interest rates- Funding interest rates observed in the market or in consensus services- Exchange rates
Unobservable inputs	- Prepayment rates- Issuer´s credit risk- Recovery rates- Funding interest rates not observed in the market or in consensus services
Financial assets held for trading [Member] | Interest rate [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flowsCaps/Floors: Black 76 and SABRBond options: Black 76Swaptions: Black, SABR and LGMOther Interest rate Options: Black, SABR and Libor Market ModelConstant Maturity Swaps: SABR
Unobservable inputs	- Beta- Implicit correlations between tenors- interest rates volatility
Financial assets held for trading [Member] | Equity [member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsEquity Options: Local Volatility, Momentum adjustment and Heston
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations- Implicit dividends and long term repos
Financial assets held for trading [Member] | Foreign exchange and gold [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsForeign exchange Options: Local volatility, momentum adjustment
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations
Financial assets held for trading [Member] | Credit derivatives [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Credit Derivatives: Default model and Gaussian copula
Unobservable inputs	- Correlation default- Credit spread- Recovery rates- Interest rate yield- Default volatility
Financial assets held for trading [Member] | Commodities [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Commodities: Momentum adjustment and discounted cash flows
Non trading financial assets mandatorily at fair value through profit or loss [Member] | equity instruments [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Comparable pricing (Observable price in a similar market)Net asset value
Observable inputs	- Brokers quotes- Market operations- NAVs published
Unobservable inputs	- NAV provided by the administrator of the fund
Non trading financial assets mandatorily at fair value through profit or loss [Member] | Debt securities [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Observable inputs	- Issuer credit risk- Current market interest rates
Unobservable inputs	- Prepayment rates- Issuer credit risk- Recovery rates
Non trading financial assets mandatorily at fair value through profit or loss [Member] | loans and advances [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Discounted future cash flows
Unobservable inputs	- Prepayment rates- Interest rates
Financial assets designated at fair value through profit or loss [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Observable inputs	- Issuer credit risk- Current market interest rates
Financial assets at fair value through other comprehensive income, category [member] | equity instruments [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Comparable pricing (Observable price in a similar market)Net asset value
Observable inputs	- Brokers quotes- Market operations- NAVs published
Unobservable inputs	- NAV provided by the administrator of the fund
Financial assets at fair value through other comprehensive income, category [member] | Debt securities [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)Observed prices in non-active markets
Observable inputs	- Issuer´s credit risk- Current market interest rates- Non active market prices
Unobservable inputs	- Prepayment rates- Issuer credit risk- Recovery rates
Hedging derivatives [Member]
Financial assets at fair value by levels [Line Items]
Observable inputs	- Exchange rates- Market quoted future prices- Market interest rates- Underlying assets prices: shares, funds, commodities- Market observable volatilities - Issuer credit spread levels- Quoted dividends- Market listed correlations
Hedging derivatives [Member] | Interest rate [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Interest rate products (Interest rate Swaps, Call money Swaps and FRA): Discounted cash flowsCaps/Floors: Black 76 and SABRBond options: Black 76Swaptions: Black, SABR and LGMOther Interest rate Options: Black, SABR and Libor Market ModelConstant Maturity Swaps: SABR
Unobservable inputs	- Beta- Implicit correlations between tenors- interest rates volatility
Hedging derivatives [Member] | Equity [member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsEquity Options: Local volatility, Black 76, Momentum adjustment and Heston
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations- Implicit dividends and long term repos
Hedging derivatives [Member] | Foreign exchange and gold [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsForeign exchange Options: Local volatility, momentum adjustment
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations
Hedging derivatives [Member] | Credit derivatives [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Credit Derivatives: Default model and Gaussian copula
Unobservable inputs	- Correlation default- Credit spread- Recovery rates- Interest rate yield- Default volatility
Hedging derivatives [Member] | Commodities [Member]
Financial assets at fair value by levels [Line Items]
Valuation techniques	Commodities: Momentum adjustment and Discounted cash flows

Note 8 Fair value of financia_3

Note 8 Fair value of financial liabilities by levels, valuation techniques and inputs (Details)	12 Months Ended
	Dec. 31, 2023
Financial liabilities held for trading [Member]
Financial liabilities at fair value by levels [Line Items]
Observable inputs	- Exchange rates- Market quoted future prices- Market interest rates- Underlying assets prices: shares, funds, commodities- Market observable volatilities - Issuer credit spread levels- Quoted dividends- Market listed correlations
Financial liabilities held for trading [Member] | deposits [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Observable inputs	- Interest rate yield- Funding interest rates observed in the market or in consensus services- Exchange rates
Unobservable inputs	- Funding interest rates not observed in the market or in consensus services
Financial liabilities held for trading [Member] | Interest rate [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flowsCaps/Floors: Black 76 and SABRBond options: Black 76Swaptions: Black 76, SABR and LGMOther Interest rate Options: Black, SABR and Libor Market ModelConstant Maturity Swaps: SABR
Unobservable inputs	- Beta- Correlation between tenors- Interest rates volatility
Financial liabilities held for trading [Member] | Equity [member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Future and Equity forward: Discounted future cash flowsEquity Options: Local volatility, momentum adjustment and Heston
Unobservable inputs	- Volatility of volatility- Assets correlation
Financial liabilities held for trading [Member] | Foreign exchange and gold [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsForeign exchange Options: Black 76, Local volatility, momentum adjustment
Unobservable inputs	- Volatility of volatility- Assets correlation
Financial liabilities held for trading [Member] | Credit derivatives [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Credit Derivatives: Default model and Gaussian copula
Unobservable inputs	- Correlation default- Credit spread- Recovery rates- Interest rate yield- Default volatility
Financial liabilities held for trading [Member] | Commodities [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Commodities: Momentum adjustment and discounted cash flows
Financial liabilities held for trading [Member] | Short positions [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Unobservable inputs	- Prepayment rates- Issuer´s credit risk- Current market interest rates
Financial liabilities at fair value through profit or loss, category [member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Present-value method(Discounted future cash flows)
Observable inputs	- Prepayment rates- Issuer´s credit risk- Current market interest rates
Unobservable inputs	- Prepayment rates- Issuer´s credit risk- Current market interest rates
Derivatives hedge accounting [Member]
Financial liabilities at fair value by levels [Line Items]
Observable inputs	- Exchange rates- Market quoted future prices- Market interest rates- Underlying assets prices: shares, funds, commodities- Market observable volatilities - Issuer credit spread levels- Quoted dividends- Market listed correlations
Derivatives hedge accounting [Member] | Interest rate [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Interest rate products (Interest rate Swaps, call money Swaps and FRA): Discounted cash flowsCaps/Floors: Black 76 and SABRBond options: Black 76Swaptions: Black 76, SABR and LGMOther Interest rate Options: Black, SABR and Libor Market ModelConstant Maturity Swaps: SABR
Unobservable inputs	- Beta- Implicit correlations between tenors- interest rates volatility
Derivatives hedge accounting [Member] | Equity [member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsEquity Options: Local volatility, momentum adjustment and Heston
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations- Implicit dividends and long term repos
Derivatives hedge accounting [Member] | Foreign exchange and gold [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Future and Equity Forward: Discounted future cash flowsForeign exchange Options: Black 76, Local Volatility, momentum adjustment
Unobservable inputs	- Volatility of volatility- Implicit assets correlations- Long term implicit correlations
Derivatives hedge accounting [Member] | Credit derivatives [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Credit Derivatives: Default model and Gaussian copula
Unobservable inputs	- Correlation default- Credit spread- Recovery rates- Interest rate yield- Default volatility
Derivatives hedge accounting [Member] | Commodities [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Commodities: Momentum adjustment and discounted cash flows

Note 8 Unobservable inputs (Det

Note 8 Unobservable inputs (Details) - vegas	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Bottom of range [member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	0%	0%	0.03%
Recovery rate	0%	0%	0%
Bottom of range [member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	0%	2%	0.10%
Bottom of range [member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	2.26%	0.71%	(2.71%)
Bottom of range [member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	26%	26%	35%
Bottom of range [member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility		0	0
Bottom of range [member] | Equity derivatives [Member] | Option models on equities baskets of equity funds [Member]
Significant unobservable inputs [Line Items]
Correlations	(88.00%)	(93.00%)	(88.00%)
Volatility	0.000847	0.000781	0.000557
Bottom of range [member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	0.000431	0.000532	0.000396
Bottom of range [member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(3.00%)	(0.25%)	(0.25%)
Correlation rate credit	(100.00%)	(100.00%)	(100.00%)
Credit default volatility	0.52	0.51	0
Arithmetic Average [Member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	1.36%	1.11%	1.25%
Recovery rate	39%	39%	37%
Arithmetic Average [Member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	99%	94%	97%
Arithmetic Average [Member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	3.74%	3.48%	1.16%
Arithmetic Average [Member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	60%	44%	43%
Arithmetic Average [Member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility		0	0
Arithmetic Average [Member] | Equity derivatives [Member] | Option models on equities baskets of equity funds [Member]
Significant unobservable inputs [Line Items]
Correlations	52%	59%	60%
Volatility	0.002941	0.003262	0.002630
Arithmetic Average [Member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	0.001024	0.001193	0.000971
Arithmetic Average [Member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(5.00%)	(2.00%)	(2.00%)
Credit default volatility	0.60	0.66	0
Top of range [member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	43.69%	15.38%	23.74%
Recovery rate	40%	40%	40%
Top of range [member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	237%	139%	144%
Top of range [member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	5.76%	5.52%	4.99%
Top of range [member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	85%	58%	53%
Top of range [member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility		0	0
Top of range [member] | Equity derivatives [Member] | Option models on equities baskets of equity funds [Member]
Significant unobservable inputs [Line Items]
Correlations	99%	99%	99%
Volatility	0.007094	0.009871	0.006200
Top of range [member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	0.001852	0.002073	0.001634
Top of range [member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(11.00%)	(18.00%)	(18.00%)
Correlation rate credit	100%	100%	100%
Credit default volatility	0.74	0.76	0

Note 8 Financial instruments le

Note 8 Financial instruments level 3 Changes in the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	[1]	Dec. 31, 2021
Assets [member]
Financial instruments level 3 Changes in the year [Line Items]
Financial instruments level 3 total		€ 3,931	[1]	€ 5,301		€ 2,984
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, assets	[2]	(7)		289		338
Changes in fair value not recognized in profit and loss		21		(62)		(47)
Acquisitions disposals and liquidations	[3]	27		(783)		2,531
Net transfers to level 3		289		(750)		(436)
Exchange differences and others		3		(64)		(69)
Financial instruments level 3 total		4,264		3,931		5,301	[1]
Liabilities [member]
Financial instruments level 3 Changes in the year [Line Items]
Financial instruments level 3 total		2,743	[1]	2,054		1,902
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, liabilities	[2]	113		(131)		143
Changes in fair value not recognized in profit and loss		(1)		14		(10)
Acquisitions disposals and liquidations	[3]	374		782		156
Net transfers to level 3		204		74		(80)
Exchange differences and others		34		(50)		(56)
Financial instruments level 3 total		€ 3,467		€ 2,743		€ 2,054	[1]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2023, 2022 and 2021. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”. (3) Of which, in 2021, the assets roll forward is comprised of €2,742 million of acquisitions and €211 million of disposals. The liabilities roll forward is comprised of €213 million of acquisitions and €57 million of sales.

Note 8 Transfer between levels

Note 8 Transfer between levels (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Level 1 Of Fair Value Hierarchy [Member] | Financial liabilities held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period	€ 596	€ 524	€ 562
Transfers into Level 3 of fair value hierarchy, liabilities	3	0	0
Level 1 Of Fair Value Hierarchy [Member] | Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period	0	0	0
Transfers into Level 3 of fair value hierarchy, liabilities	0	0	0
Level 1 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period	0	0	0
Transfers into Level 3 of fair value hierarchy, liabilities	0	0	0
Level 1 Of Fair Value Hierarchy [Member] | Total transferred financial liabilities [Member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, liabilities held at end of reporting period	596	524	562
Transfers into Level 3 of fair value hierarchy, liabilities	3	0	0
Level 1 Of Fair Value Hierarchy [Member] | Financial assets held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	887	683	924
Transfers into Level 3 of fair value hierarchy, assets	34	1	2
Level 1 Of Fair Value Hierarchy [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	1	0	8
Transfers into Level 3 of fair value hierarchy, assets	135	0	0
Level 1 Of Fair Value Hierarchy [Member] | Financial assets at fair value through profit or loss, category [member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	0	0	0
Transfers into Level 3 of fair value hierarchy, assets	0	0	0
Level 1 Of Fair Value Hierarchy [Member] | Financial assets at fair value through other comprehensive income, category [member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	1,191	1,723	596
Transfers into Level 3 of fair value hierarchy, assets	21	0	17
Level 1 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	0	0	0
Transfers into Level 3 of fair value hierarchy, assets	0	0	0
Level 1 Of Fair Value Hierarchy [Member] | Total transferred financial assets [Member]
Level transfers [Line Items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	2,079	2,407	1,528
Transfers into Level 3 of fair value hierarchy, assets	190	1	19
Level 2 Of Fair Value Hierarchy [Member] | Financial liabilities held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period	36	239	24
Transfers out of level 2 into level 3	177	141	57
Level 2 Of Fair Value Hierarchy [Member] | Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period	0	0	0
Transfers out of level 2 into level 3	660	221	38
Level 2 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period	0	0	0
Transfers out of level 2 into level 3	0	25	0
Level 2 Of Fair Value Hierarchy [Member] | Total transferred financial liabilities [Member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, liabilities held at end of reporting period	36	239	24
Transfers out of level 2 into level 3	837	387	95
Level 2 Of Fair Value Hierarchy [Member] | Financial assets held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	89	1,909	35
Transfers out of level 2 into level 3	666	340	184
Level 2 Of Fair Value Hierarchy [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	0	243	0
Transfers out of level 2 into level 3	70	0	0
Level 2 Of Fair Value Hierarchy [Member] | Financial assets at fair value through profit or loss, category [member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	0	123	0
Transfers out of level 2 into level 3	0	0	0
Level 2 Of Fair Value Hierarchy [Member] | Financial assets at fair value through other comprehensive income, category [member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	1,296	715	506
Transfers out of level 2 into level 3	205	0	50
Level 2 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	0	0	0
Transfers out of level 2 into level 3	0	0	0
Level 2 Of Fair Value Hierarchy [Member] | Total transferred financial assets [Member]
Level transfers [Line Items]
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	1,385	2,990	542
Transfers out of level 2 into level 3	941	340	234
Level 3 Of Fair Value Hierarchy [Member] | Financial liabilities held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, liabilities	1	0	15
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	372	258	95
Level 3 Of Fair Value Hierarchy [Member] | Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, liabilities	0	0	0
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	262	55	65
Level 3 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, liabilities	0	0	0
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	0	0	0
Level 3 Of Fair Value Hierarchy [Member] | Total transferred financial liabilities [Member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, liabilities	1	0	15
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	635	313	160
Level 3 Of Fair Value Hierarchy [Member] | Financial assets held for trading [Member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	0	24	10
Transfers out of level 3 into level 2 of fair value hierarchy assets	497	911	637
Level 3 Of Fair Value Hierarchy [Member] | Non trading financial assets mandatorily at fair value through profit or loss [Member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	0	53	14
Transfers out of level 3 into level 2 of fair value hierarchy assets	0	2	23
Level 3 Of Fair Value Hierarchy [Member] | Financial assets at fair value through profit or loss, category [member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	0	0	0
Transfers out of level 3 into level 2 of fair value hierarchy assets	0	0	0
Level 3 Of Fair Value Hierarchy [Member] | Financial assets at fair value through other comprehensive income, category [member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	103	18	0
Transfers out of level 3 into level 2 of fair value hierarchy assets	243	83	6
Level 3 Of Fair Value Hierarchy [Member] | Derivatives [member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	0	0	0
Transfers out of level 3 into level 2 of fair value hierarchy assets	0	0	0
Level 3 Of Fair Value Hierarchy [Member] | Total transferred financial assets [Member]
Level transfers [Line Items]
Transfers out of Level 3 of fair value hierarchy, assets	103	95	24
Transfers out of level 3 into level 2 of fair value hierarchy assets	€ 740	€ 996	€ 665

Note 8 Financial instruments _2

Note 8 Financial instruments level 3 sensitivity analysis (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets at fair value through other comprehensive income	€ (62,205)	€ (65,374)	[1]	€ (60,421)
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	21	33
Non trading financial assets mandatorily at fair value through profit or loss	5	135
Financial assets designated at fair value through profit or loss	0	0
Financial assets at fair value through other comprehensive income	0	0
Financial assets level 3 total	26	168
Financial liabilities held for trading	13	7
Financial liabilities level 3 total	13	7
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member] | Loans and receivables, category [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	2	1
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member] | Debt securities [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	9	0
Non trading financial assets mandatorily at fair value through profit or loss	3	17
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member] | equity instruments [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	25
Non trading financial assets mandatorily at fair value through profit or loss	2	118
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member] | Derivatives [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	9	6
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(117)	(33)
Non trading financial assets mandatorily at fair value through profit or loss	(114)	(136)
Financial assets designated at fair value through profit or loss	0	0
Financial assets at fair value through other comprehensive income	0	0
Financial assets level 3 total	(230)	(169)
Financial liabilities held for trading	(18)	(7)
Financial liabilities level 3 total	(18)	(7)
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member] | Loans and receivables, category [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(2)	(1)
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member] | Debt securities [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(22)	0
Non trading financial assets mandatorily at fair value through profit or loss	(21)	(19)
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member] | equity instruments [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(83)	(25)
Non trading financial assets mandatorily at fair value through profit or loss	(92)	(118)
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member] | Derivatives [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(9)	(6)
Potential impact on other comprehensive income [Member] | Most favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Financial assets designated at fair value through profit or loss	0	0
Financial assets at fair value through other comprehensive income	(34)	(25)
Financial assets level 3 total	34	25
Financial liabilities held for trading	0	0
Financial liabilities level 3 total	0	0
Potential impact on other comprehensive income [Member] | Most favorable hypothesis [Member] | Loans and receivables, category [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Most favorable hypothesis [Member] | Debt securities [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Most favorable hypothesis [Member] | equity instruments [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Most favorable hypothesis [Member] | Derivatives [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Potential impact on other comprehensive income [Member] | Least favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Financial assets designated at fair value through profit or loss	0	0
Financial assets at fair value through other comprehensive income	(89)	(25)
Financial assets level 3 total	(89)	(25)
Financial liabilities held for trading	0	0
Financial liabilities level 3 total	0	0
Potential impact on other comprehensive income [Member] | Least favorable hypothesis [Member] | Loans and receivables, category [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Least favorable hypothesis [Member] | Debt securities [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Least favorable hypothesis [Member] | equity instruments [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	0	0
Non trading financial assets mandatorily at fair value through profit or loss	0	0
Potential impact on other comprehensive income [Member] | Least favorable hypothesis [Member] | Derivatives [member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	€ 0	€ 0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 8 Fair value of financia_4

Note 8 Fair value of financial instruments at amortized cost by levels (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Aggregate of fair values [member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	€ 75,416	€ 79,756		€ 67,799
Financial assets at amortised cost	446,371	412,965		377,451
Debt Securities at amortized cost	48,952	36,311		36,448
Loans and advances to central banks at amortised cost	7,152	4,401		5,682
Loans and advances to banks	17,500	16,089		13,264
Loans and advances to customers	372,767	356,164		322,058
Financial liabilities at amortised cost	555,913	525,595		488,733
Liabilities due to central banks	20,179	38,312		47,352
Deposits from banks	40,009	26,777		19,769
Deposits from customers	411,342	392,805		349,277
Debt instruments issued	69,339	53,550		57,094
Other financial liabilities	15,043	14,151		15,242
Level 1 Of Fair Value Hierarchy [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	75,114	79,463		67,581
Financial assets at amortised cost	47,515	30,587		33,213
Debt Securities at amortized cost	41,950	26,239		26,876
Loans and advances to central banks at amortised cost	5,534	4,259		5,682
Loans and advances to banks	32	89		72
Loans and advances to customers	0	0		583
Financial liabilities at amortised cost	56,831	77,112		91,870
Liabilities due to central banks	13,911	38,012		47,052
Deposits from banks	0	0		0
Deposits from customers	1,448	1,158		2,129
Debt instruments issued	41,472	37,942		42,689
Other financial liabilities	0	0		0
Level 2 Of Fair Value Hierarchy [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	0	0		0
Level 2 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Financial assets at amortised cost	14,216	12,173		13,033
Level 2 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Credit spread, prepayment rates, interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Debt Securities at amortized cost	6,244	9,313		8,755
Loans and advances to central banks at amortised cost	1,347	0		0
Loans and advances to banks	5,662	1,289		863
Level 2 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Credit spread, Interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Loans and advances to customers	963	1,571		3,416
Level 2 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Issuer's credit risk, Prepayment rates, Interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Financial liabilities at amortised cost	300,531	266,194		243,847
Liabilities due to central banks	6,003	0		0
Deposits from banks	33,793	20,546		14,853
Deposits from customers	228,726	230,821		209,345
Debt instruments issued	24,341	7,240		10,014
Other financial liabilities	7,668	7,587		9,636
Level 3 Of Fair Value Hierarchy [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	303	293		218
Level 3 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Financial assets at amortised cost	384,640	370,206		331,205
Level 3 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Credit spread, prepayment rates, interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Debt Securities at amortized cost	759	759		817
Loans and advances to central banks at amortised cost	272	142		0
Loans and advances to banks	11,805	14,711		12,329
Level 3 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Credit spread, Interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Loans and advances to customers	371,804	354,594		318,059
Level 3 Of Fair Value Hierarchy [Member] | Present-value method (Discounted future cash flows) [Member] | Issuer's credit risk, Prepayment rates, Interest rate yield [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Financial liabilities at amortised cost	198,550	182,289		153,016
Liabilities due to central banks	265	300		300
Deposits from banks	6,216	6,231		4,916
Deposits from customers	181,168	160,826		137,803
Debt instruments issued	3,526	8,368		4,391
Other financial liabilities	€ 7,376	€ 6,564		€ 5,606
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 9 Cash Cash Balances At Ce

Note 9 Cash Cash Balances At Central Banks And Other Demand Deposits (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	[2]
Cash Cash balances at central banks and other demand deposits [Line Items]
Cash	€ 7,751	€ 6,533		€ 6,877
Cash and bank balances at central banks	60,750	67,314		55,004
Other financial assets	6,916	5,909		5,918
Cash and cash equivalents	€ 75,416	€ 79,756	[1],[2]	€ 67,799	[2]	€ 76,888
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) In 2021 it includes the balance of the Group's businesses in the United States included within the scope of the USA Sale (see Note 3).

Note 10 Financial assets and li

Note 10 Financial assets and liabilities held for trading (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of financial instruments held for trading [Line Items]
Derivative financial assets held for trading		€ 34,293	€ 39,908	[1]	€ 30,933
Equity instruments held for trading		4,589	4,404	[1]	15,963
Debt instruments held for trading		28,569	24,367	[1]	25,790
Loans and advances held for trading		73,590	41,993	[1]	50,807
Loans and advances to central banks held for trading		2,809	1,632		3,467
Loans and advances to credit institutions held for trading		56,599	25,231		31,916
Loans and advances to customers held for trading assets		14,182	15,130		15,424
Current financial assets at fair value through profit or loss, classified as held for trading		141,042	110,671	[1]	123,493
Derivative financial liabilities held for trading		33,045	37,909	[1]	31,705
Short positions held for trading		15,735	13,487	[1]	15,135
Deposits financial liabilities held for trading		72,935	44,215		44,294
Deposits from central banks held for trading		6,397	3,950		11,248
Deposits from credit institutions held for trading		43,337	28,924		16,176
Customer deposits held for trading		23,201	11,341		16,870
Financial liabilities at fair value through profit or loss that meet definition of held for trading		121,715	95,611	[1]	91,135
Reverse repurchase agreements [Member]
Disclosure of financial instruments held for trading [Line Items]
Loans and advances to central banks held for trading		2,809	1,632		3,467
Loans and advances to credit institutions held for trading	[2]	56,569	25,201		31,901
Loans and advances to customers held for trading assets		13,615	14,832		14,916
Repurchase agreement [Member]
Disclosure of financial instruments held for trading [Line Items]
Deposits from central banks held for trading		6,397	3,950		11,248
Deposits from credit institutions held for trading	[2]	42,676	28,573		15,632
Customer deposits held for trading		23,157	11,302		16,824
credit institutions [Member]
Disclosure of financial instruments held for trading [Line Items]
Equity instruments held for trading		277	317		816
Other sectors [Member]
Disclosure of financial instruments held for trading [Line Items]
Equity instruments held for trading		4,312	4,086		15,147
Issued by central banks [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		740	821		936
Issued by public administrations [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		24,766	20,703		21,946
Issued by financial institutions [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		1,824	1,365		1,130
Other debt instruments [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		€ 1,239	€ 1,477		€ 1,778
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. partially compensated with the evolution of "Repurchase agreement" of BBVA, S.A.

Note 10 Derivatives by type of

Note 10 Derivatives by type of risk and by product or by type of market (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	€ 34,293	€ 39,908	[1]	€ 30,933
Derivative financial liabilities held for trading	33,045	37,909	[1]	31,705
Interest rate risk [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	15,251	19,563		15,782
Derivative financial liabilities held for trading	13,171	18,220		15,615
Notional amount	4,741,629	4,286,531		3,902,760
Interest rate risk [member] | OTC Options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	15,248	19,558		15,774
Derivative financial liabilities held for trading	13,167	18,215		15,610
Notional amount	4,722,314	4,278,249		3,884,561
Interest rate risk [member] | Organized market options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	3	5		8
Derivative financial liabilities held for trading	4	5		5
Notional amount	19,315	8,282		18,199
Equity instruments risk [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	2,587	3,067		2,802
Derivative financial liabilities held for trading	3,723	3,770		4,123
Notional amount	70,804	76,749		72,656
Equity instruments risk [Member] | OTC Options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	1,212	1,810		775
Derivative financial liabilities held for trading	2,551	2,127		1,930
Notional amount	49,038	52,739		48,695
Equity instruments risk [Member] | Organized market options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	1,375	1,257		2,028
Derivative financial liabilities held for trading	1,172	1,643		2,192
Notional amount	21,767	24,010		23,962
Foreign exchange and gold risk [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	15,911	16,971		12,104
Derivative financial liabilities held for trading	15,608	15,528		11,471
Notional amount	632,780	589,705		533,395
Foreign exchange and gold risk [Member] | OTC Options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	15,889	16,954		12,090
Derivative financial liabilities held for trading	15,590	15,505		11,445
Notional amount	623,203	580,850		526,590
Foreign exchange and gold risk [Member] | Organized market options [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	22	17		14
Derivative financial liabilities held for trading	18	23		26
Notional amount	9,577	8,855		6,805
Credit risk [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	543	299		236
Derivative financial liabilities held for trading	542	383		490
Notional amount	31,478	43,450		19,937
Credit risk [member] | Credit default swap contract [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	540	293		236
Derivative financial liabilities held for trading	528	282		254
Notional amount	29,844	41,760		18,121
Credit risk [member] | Credit spread option contract [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	0	0		0
Derivative financial liabilities held for trading	0	0		0
Notional amount	0	0		0
Credit risk [member] | Total return swap contract [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	3	7		0
Derivative financial liabilities held for trading	14	101		236
Notional amount	1,475	1,665		1,815
Credit risk [member] | Other [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	0	0		0
Derivative financial liabilities held for trading	0	0		0
Notional amount	159	25		0
Commodities risk [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	1	9		8
Derivative financial liabilities held for trading	1	8		7
Notional amount	169	60		149
Derivatives [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	34,293	39,908		30,933
Derivative financial liabilities held for trading	33,045	37,909		31,705
Notional amount	5,476,860	4,996,495		4,528,897
Derivatives [member] | Of which OTC credit institutions [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	23,998	28,385		21,069
Derivative financial liabilities held for trading	23,977	26,454		22,488
Notional amount	1,463,433	1,205,895		1,073,921
Derivatives [member] | Of which OTC other financial corporations [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	5,042	5,745		3,300
Derivative financial liabilities held for trading	4,412	4,493		3,075
Notional amount	3,815,162	3,587,546		3,257,382
Derivatives [member] | Of which OTC other [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	3,854	4,501		4,514
Derivative financial liabilities held for trading	3,461	5,290		3,919
Notional amount	€ 147,310	€ 161,882		€ 148,629
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 11 Non trading financial a

Note 11 Non trading financial assets at fair value through profit or loss mandatorily measured at fair value (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Non trading financial assets at fair value through profit or loss mandatorily measured at fair value [Line Items]
Equity instruments at fair value through profit or loss mandatorily measured at fair value	[1]	€ 7,963	€ 6,511		€ 5,303
Debt securities at fair value through profit or loss mandatorily measured at fair value		484	129		128
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value		290	247		655
Financial assets at fair value through profit or loss, mandatorily measured at fair value		€ 8,737	€ 6,888		€ 6,086
[1] (1) As of December 31, 2023, BBVA maintains a direct stake in Neon Payments Limited of 22.6% of its capital stock (see Note 3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 12 Financial Instruments D

Note 12 Financial Instruments Designated At Fair Value Through Profit Or Loss (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Financial assets and liabilities designated at fair value through profit or loss [Line Items]
Debt securities at fair value through profit or loss	€ 955	€ 913		€ 1,092
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently	717	700		809
Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently	3,977	3,288		3,396
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	8,605	6,592		5,479
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	€ 13,299	€ 10,580		€ 9,683
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 13 Financial assets at fai

Note 13 Financial assets at fair value through other comprehensive income (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of Financial assets at fair value through other comprehensive income [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income		€ 1,217	€ 1,198	[1]	€ 1,320
Debt securities at fair value through other comprehensive income	[2]	60,963	64,150	[1],[3],[4]	59,074
Loans and advances to credit institutions at fair value through other comprehensive income		26	26	[1]	27
Financial assets at fair value through other comprehensive income		62,205	65,374	[1]	60,421
of which loss allowances of debt securities		€ (84)	€ (123)		€ (74)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 13 Financial assets at f_2

Note 13 Financial assets at fair value through other comprehensive income equity instruments (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	€ 1,217	€ 1,198	[1]	€ 1,320
Subtotal listed equity instruments [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	1,098	1,098		1,214
Subtotal listed equity instruments [Member] | National company shares [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	987	960		1,088
Subtotal listed equity instruments [Member] | Foreign company shares [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	111	138		125
Subtotal listed equity instruments [Member] | UNITED STATES
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	33	31		29
Subtotal listed equity instruments [Member] | MEXICO
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	52	44		29
Subtotal listed equity instruments [Member] | TURKEY
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	6	7		5
Subtotal listed equity instruments [Member] | Other Countries [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	20	56		63
Subtotal unlisted equity instruments [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	119	100		107
Subtotal unlisted equity instruments [Member] | National company shares [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	12	12		11
Subtotal unlisted equity instruments [Member] | Foreign company shares [Member]
Financial Assets At Fair Value Through Other Comprehensive Income Equity Instruments [Line Items]
Investments in equity instruments designated at fair value through other comprehensive income	€ 106	€ 87		€ 95
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 13 Financial assets at f_3

Note 13 Financial assets at fair value through other comprehensive income debt securities (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income	[1]	€ 60,963	€ 64,150	[3],[4]	€ 59,074
Issued in euros [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		15,111	18,779		18,355
Issued in euros [Member] | Government agency debt securities [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		13,757	17,429		16,544
Issued in euros [Member] | Central banks [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		0	0		0
Issued in euros [Member] | credit institutions [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		901	854		1,176
Issued in euros [Member] | Other issuers [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		454	495		635
MEXICO
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		21,714	16,819		10,769
MEXICO | Government agency debt securities [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		20,364	15,452		10,141
MEXICO | Central banks [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		0	0		0
MEXICO | credit institutions [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		886	777		118
MEXICO | Other issuers [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		464	590		510
UNITED STATES
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		6,344	5,202		3,926
UNITED STATES | Government agency debt securities [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		3,174	2,716		1,744
UNITED STATES | Central banks [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		0	0		0
UNITED STATES | credit institutions [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		88	93		116
UNITED STATES | Other issuers [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		3,082	2,393		2,065
TURKEY
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		2,459	3,858		2,920
TURKEY | Government agency debt securities [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		2,445	3,858		2,920
TURKEY | Central banks [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		0	0		0
TURKEY | credit institutions [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		0	0		0
TURKEY | Other issuers [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		14	0		0
Other Countries [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		15,336	19,493		23,105
Other Countries [Member] | Government agency debt securities [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		8,961	10,340		14,960
Other Countries [Member] | Central banks [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		508	3,094		1,696
Other Countries [Member] | credit institutions [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		1,895	2,167		2,448
Other Countries [Member] | Other issuers [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		3,971	3,892		4,001
Total foreign [Member]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		€ 45,852	€ 45,372		€ 40,719
[1] (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 13 Financial assets at f_4

Note 13 Financial assets at fair value through other comprehensive income debt securities by rating (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[3]	Dec. 31, 2021
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income	[1]	€ 60,963	€ 64,150	[2],[4]	€ 59,074
Percentage of debt securities by rating		100%	100%		100%
BBVA AAA Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 1,000	€ 3,339		€ 2,413
Percentage of debt securities by rating		1.60%	5.20%		4.10%
BBVA AA Plus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 3,685	€ 490		€ 586
Percentage of debt securities by rating		6%	0.80%		1%
BBVA AA Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 384	€ 420		€ 646
Percentage of debt securities by rating		0.60%	0.70%		1.10%
BBVA AA Minus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 642	€ 501		€ 327
Percentage of debt securities by rating		1.10%	0.80%		0.60%
BBVA A plus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 1,798	€ 3,866		€ 6,179
Percentage of debt securities by rating		3%	6%		10.50%
BBVA A Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 1,747	€ 1,725		€ 1,676
Percentage of debt securities by rating		2.90%	2.70%		2.80%
BBVA A Minus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 16,009	€ 20,350		€ 18,760
Percentage of debt securities by rating		26.30%	31.70%		31.80%
BBVA BBB Plus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 22,854	€ 17,252		€ 11,465
Percentage of debt securities by rating		37.50%	26.90%		19.40%
BBVA BBB Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 8,327	€ 7,470		€ 10,961
Percentage of debt securities by rating		13.70%	11.60%		18.60%
BBVA BBB minus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 858	€ 1,111		€ 1,310
Percentage of debt securities by rating		1.40%	1.70%		2.20%
BBVA BB Plus Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 3,480	€ 7,366		€ 4,379
Percentage of debt securities by rating		5.70%	11.50%		7.40%
Unclassified [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 178	€ 258		€ 372
Percentage of debt securities by rating		0.30%	0.40%		0.60%
[1] (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 13 Other comprehensive inc

Note 13 Other comprehensive income Changes in gains or losses (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Financial assets at fair value throught other comprehensive income [Line Items]
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	€ (809)	[1]	€ 1,274	[2]	€ 2,069
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	(1,194)	[1],[2]	(1,079)	[2]	(1,256)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	(357)		(809)	[1]	1,274	[2]
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	(1,112)		(1,194)	[1],[2]	(1,079)	[2]
Debt securities [Member]
Financial assets at fair value throught other comprehensive income [Line Items]
Valuation gains and losses	659		(3,049)	[2]	(1,058)
Amounts transferred to income	5		20	[2]	(63)
Income tax and other	(211)		946	[2]	325
equity instruments [Member]
Financial assets at fair value throught other comprehensive income [Line Items]
Valuation gains and losses	80		(112)	[2]	183
Amounts transferred to reserves	2		(2)	[2]	0
Income tax and other	€ (1)		€ (1)	[2]	€ (7)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 Financial assets at amo

Note 14 Financial assets at amortised cost (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	€ 49,462	€ 36,639	[2],[3],[4]	€ 34,781
Loans and advances to central banks at amortised cost		7,151	4,401	[4]	5,681
Loans and advances to banks		17,477	16,031	[4]	13,276
Loans and advances to customers		377,643	357,351	[4],[5]	318,939
Financial assets at amortised cost		451,732	414,421	[4]	372,676
Central banks [Member]
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	22	21		15
Government [member]
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	45,124	34,648		32,130
Loans and advances to customers		23,265	20,892		19,682
credit institutions [Member]
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	2,366	400		817
Other financial corporations [Member]
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	923	602		525
Loans and advances to customers		13,251	12,765		9,804
Non financial corporations [Member]
Financial assets at amortised cost [Line Items]
Debt Securities at amortized cost	[1]	1,027	967		1,295
Loans and advances to customers		171,063	165,433		140,993
Reverse repurchase agreements [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to banks		5,786	5,251		2,788
Other loans and advances [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to banks		11,690	10,780		10,488
Other [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to customers		170,063	158,261		148,461
Of which impaired assets of loans and advances to customers [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost		14,444	13,493		14,657
Of which loss allowances of loans and advances [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost		11,316	11,291		11,142
Of which loss allowances of debt securities [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost		€ 82	€ 91		€ 52
[1] (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 Debt securities at amor

Note 14 Debt securities at amortized cost (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost	[1]	€ 49,462	€ 36,639	[3],[4]	€ 34,781
Domestic debt securities [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		27,114	18,541		18,031
Domestic debt securities [Member] | Government [member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		25,857	18,397		17,693
Domestic debt securities [Member] | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		1,028	0		0
Domestic debt securities [Member] | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		230	144		337
MEXICO
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		6,277	4,222		8,464
MEXICO | Government [member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		6,205	4,198		7,669
MEXICO | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		72	24		614
MEXICO | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		0			181
UNITED STATES
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		2,229	2,215		93
UNITED STATES | Government [member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		2,188	2,159		10
UNITED STATES | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		19	25		26
UNITED STATES | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		21	31		57
TURKEY
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		6,284	5,332		2,634
TURKEY | Government [member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		6,167	5,325		2,628
TURKEY | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		8	6		5
TURKEY | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		109	0		0
Other Countries [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		7,558	6,328		5,559
Other Countries [Member] | Government [member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		4,707	4,568		4,144
Other Countries [Member] | Central banks [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		22	21		0
Other Countries [Member] | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		1,239	345		171
Other Countries [Member] | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		1,591	1,394		1,243
Foreign debt securities [Member]
Debt securities at amortized cost [Line Items]
Debt Securities at amortized cost		€ 22,348	€ 18,097		€ 16,750
[1] (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 Debt securities by rati

Note 14 Debt securities by rating (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[3]	Dec. 31, 2021
Debt securities by rating [Line Items]
Debt Securities at amortized cost	[1]	€ 49,462	€ 36,639	[2],[4]	€ 34,781
Percentage of debt securities at amortized cost by rating		100%	100%		100%
BBVA AAA Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 1,829	€ 3,068		€ 143
Percentage of debt securities at amortized cost by rating		3.70%	8.40%		0.40%
BBVA AA plus [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 3,096	€ 217		€ 77
Percentage of debt securities at amortized cost by rating		6.30%	0.60%		0.20%
BBVA AA Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 142	€ 82		€ 76
Percentage of debt securities at amortized cost by rating		0.30%	0.20%		0.20%
BBVA AA Minus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 60	€ 76		€ 69
Percentage of debt securities at amortized cost by rating		0.10%	0.20%		0.20%
BBVA A plus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 25	€ 13		€ 62
Percentage of debt securities at amortized cost by rating		0.10%	0%		0.20%
BBVA A Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 444	€ 524		€ 619
Percentage of debt securities at amortized cost by rating		0.90%	1.40%		1.80%
BBVA A Minus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 24,739	€ 17,050		€ 16,312
Percentage of debt securities at amortized cost by rating		50%	46.50%		46.90%
BBVA BBB Plus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 6,615	€ 4,710		€ 9,336
Percentage of debt securities at amortized cost by rating		13.40%	12.90%		26.80%
BBVA BBB Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 4,551	€ 4,091		€ 3,853
Percentage of debt securities at amortized cost by rating		9.20%	11.20%		11.10%
BBVA BBB minus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 548	€ 351		€ 527
Percentage of debt securities at amortized cost by rating		1.10%	1%		1.50%
BBVA BB Plus Rating [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 6,642	€ 5,789		€ 3,120
Percentage of debt securities at amortized cost by rating		13.40%	15.80%		9%
Unclassified [Member]
Debt securities by rating [Line Items]
Debt Securities at amortized cost		€ 772	€ 667		€ 587
Percentage of debt securities at amortized cost by rating		1.60%	1.80%		1.70%
[1] (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 Loans and advances to c

Note 14 Loans and advances to customers (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Loans and receivables [Line Items]
Loans and advances to customers	€ 377,643	€ 357,351	[2]	€ 318,939
On demand [Member]
Loans and receivables [Line Items]
Loans and advances to customers	3,040	4,101		3,161
Credit card debt [Member]
Loans and receivables [Line Items]
Loans and advances to customers	22,889	18,898		14,030
Trade receivables [Member]
Loans and receivables [Line Items]
Loans and advances to customers	25,096	25,987		19,524
Lease receivables [member]
Loans and receivables [Line Items]
Loans and advances to customers	9,463	8,571		7,911
Reverse repurchase agreements [Member]
Loans and receivables [Line Items]
Loans and advances to customers	92	102		23
Other term loans [Member]
Loans and receivables [Line Items]
Loans and advances to customers	312,186	294,059		268,047
Advances that are not loans [Member]
Loans and receivables [Line Items]
Loans and advances to customers	€ 4,877	€ 5,633		€ 6,243
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 14 Loans and advances matu

Note 14 Loans and advances maturing in more than one year by fixed interest rate and floating (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	€ 129,248	€ 129,042	€ 132,300
Foreign security	139,104	121,314	106,465
Total loans and advances maturing in more than one year	268,352	250,356	238,765
Fixed interest rate [member]
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	63,060	59,394	56,756
Foreign security	77,381	67,874	62,228
Total loans and advances maturing in more than one year	140,441	127,269	118,984
Floating interest rate [member]
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	66,188	69,647	75,544
Foreign security	61,723	53,440	44,237
Total loans and advances maturing in more than one year	€ 127,911	€ 123,087	€ 119,781

Note 14 Securitized loans (Deta

Note 14 Securitized loans (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Securitized loans [Line Items]
Securitized mortgage assets	€ 20,406	€ 23,290	€ 23,695
Other securitized assets	8,493	5,495	6,547
Total securitized loans	€ 28,899	€ 28,784	€ 30,242

Note 15 Derivatives Hedge accou

Note 15 Derivatives Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclousre of derivative financial assets held for hedging [Line Items]
Derivative financial assets held for hedging	€ 1,482	€ 1,891	[1]	€ 1,805
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets	(97)	(148)		5
Derivative financial liabilities held for hedging	2,625	3,303	[1]	2,626
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities	€ 0	€ 0		€ 0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 15 Derivatives Hedge acc_2

Note 15 Derivatives Hedge accounting breakdown by type of risk and type of hedge (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	€ 1,482	€ 1,891	[1]	€ 1,805
Derivative financial liabilities held for hedging	2,625	3,303	[1]	2,626
Interest rate risk [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	422	656		697
Derivative financial liabilities held for hedging	364	376		322
Interest rate risk [member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	422	656		697
Derivative financial liabilities held for hedging	364	376		322
Interest rate risk [member] | Organized market options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Equity risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Equity risk [Member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Equity risk [Member] | Organized market options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Foreign exchange and gold risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	221	259		463
Derivative financial liabilities held for hedging	31	83		135
Foreign exchange and gold risk [Member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	221	259		463
Derivative financial liabilities held for hedging	31	83		135
Foreign exchange and gold risk [Member] | Organized market options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Credit risk [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Commodities risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Other risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0			0
Derivative financial liabilities held for hedging	0			0
Fair value risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	644	915		1,160
Derivative financial liabilities held for hedging	395	459		457
Interest rate risk hedges cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	490	470		228
Derivative financial liabilities held for hedging	2,048	2,763		1,786
Interest rate risk hedges cash flow [Member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	483	454		226
Derivative financial liabilities held for hedging	2,048	2,763		1,786
Interest rate risk hedges cash flow [Member] | Organized market options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	7	16		2
Derivative financial liabilities held for hedging	0			0
Equity instruments risk hedge cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Foreign exchange and gold risk hedge cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	291	239		180
Derivative financial liabilities held for hedging	41	46		79
Foreign exchange and gold risk hedge cash flow [Member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	291	239		180
Derivative financial liabilities held for hedging	41	45		79
Foreign exchange and gold risk hedge cash flow [Member] | Organized market options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	1	1		0
Credit risk hedge cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Commodities risk hedge cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Other risk hedge cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	0		0
Derivative financial liabilities held for hedging	0	0		0
Cash flow hedges [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	781	708		408
Derivative financial liabilities held for hedging	2,089	2,809		1,865
Hedges of net investment in foreign operations [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	27	213		198
Derivative financial liabilities held for hedging	136	26		196
Portfolio fair value hedges of interest rate risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	3	7		18
Derivative financial liabilities held for hedging	5	8		95
Portfolio cash flow hedges of interest rate risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	27	48		21
Derivative financial liabilities held for hedging	0	1		13
Derivatives hedge accounting [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	1,482	1,891		1,805
Derivative financial liabilities held for hedging	2,625	3,303		2,626
Derivatives hedge accounting [Member] | Of which OTC credit institutions [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	1,237	1,577		1,454
Derivative financial liabilities held for hedging	2,404	2,911		2,248
Derivatives hedge accounting [Member] | Of which OTC other financial corporations [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	237	297		349
Derivative financial liabilities held for hedging	€ 221	€ 391		€ 378
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 15 Hedged items in fair va

Note 15 Hedged items in fair value hedges (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		€ (62,205)	€ (65,374)	[1]	€ (60,421)
Debt securities at fair value through other comprehensive income	[2]	60,963	64,150	[1],[3],[4]	59,074
Financial assets at amortised cost		(451,732)	(414,421)	[5]	(372,676)
Debt Securities at amortized cost	[6]	(49,462)	(36,639)	[5],[7],[8]	(34,781)
Financial liabilities at amortised cost		(557,589)	(529,172)	[5],[9]	(487,893)
Debt instruments issued		68,707	55,429	[5],[9]	€ 55,763	€ 61,780
Carrying amount [member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		(11,308)	(13,667)
Debt securities at fair value through other comprehensive income		11,308	13,667
Loans and advances at fair value through Other Comprehensive Income		0	0
Financial assets at amortised cost		(3,248)	(4,838)
Debt Securities at amortized cost		(2,304)	(4,164)
Loans and advances at amortized cost		(944)	(675)
Financial liabilities at amortised cost		(47,180)	(34,898)
Debt instruments issued		37,916	33,447
Deposits at amortized cost		(9,263)	(1,451)
Carrying amount [member] | Interest rate [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		11,308	13,601
Debt Securities at amortized cost		(2,304)	(4,164)
Loans and advances at amortized cost		(944)	(672)
Debt instruments issued		37,915	33,447
Deposits at amortized cost		(9,258)	(1,446)
Carrying amount [member] | Foreign exchange and gold [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		0	0
Loans and advances at fair value through Other Comprehensive Income		0	0
Debt Securities at amortized cost		0	0
Loans and advances at amortized cost		0	(3)
Debt instruments issued		1	0
Deposits at amortized cost		(5)	(5)
Carrying amount [member] | Other [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		0	66
Loans and advances at fair value through Other Comprehensive Income		0	0
Hedge adjustments included in the carrying amount of assets and liabilities [Member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		(652)	(1,024)
Debt securities at fair value through other comprehensive income		652	1,024
Loans and advances at fair value through Other Comprehensive Income		0	0
Financial assets at amortised cost		(114)	(485)
Debt Securities at amortized cost		(119)	(397)
Loans and advances at amortized cost		(5)	(88)
Financial liabilities at amortised cost		(509)	(1,299)
Debt instruments issued		600	1,372
Deposits at amortized cost		(91)	73
Hedge adjustments included in the carrying amount of assets and liabilities [Member] | Interest rate [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		652	1,024
Debt Securities at amortized cost		(119)	(397)
Loans and advances at amortized cost		(5)	(88)
Debt instruments issued		600	1,372
Deposits at amortized cost		(91)	(73)
Hedge adjustments included in the carrying amount of assets and liabilities [Member] | Foreign exchange and gold [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		0	0
Loans and advances at fair value through Other Comprehensive Income		0	0
Debt Securities at amortized cost		0	0
Loans and advances at amortized cost		0	0
Debt instruments issued		0	0
Deposits at amortized cost		0	0
Hedge adjustments included in the carrying amount of assets and liabilities [Member] | Other [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		0	0
Loans and advances at fair value through Other Comprehensive Income		0	0
Remaining adjustments for discontinued micro hedges including hedges of net positions [Member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income	[10]	(172)	(2)
Debt securities at fair value through other comprehensive income		172	2
Financial assets at amortised cost	[10]	(685)	(13)
Debt Securities at amortized cost		(685)	(13)
Financial liabilities at amortised cost	[10]	0	0
Remaining adjustments for discontinued micro hedges including hedges of net positions [Member] | Interest rate [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		172	2
Debt Securities at amortized cost		(685)	(13)
Hedged items in portfolio hedge of interest rate risk [Member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		0	0
Financial assets at amortised cost		(936)	(1,179)
Debt Securities at amortized cost		0	0
Loans and advances at amortized cost		(936)	(1,179)
Financial liabilities at amortised cost		0	0
Hedged items in portfolio hedge of interest rate risk [Member] | Interest rate [Member]
Hedged items in fair value hedges [Line Items]
Debt Securities at amortized cost		0	0
Loans and advances at amortized cost		(936)	(1,179)
Recognized inefectiveness in profit or loss [Member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		(5)	(45)
Financial assets at amortised cost		(14)	0
Financial liabilities at amortised cost		€ (20)	€ (5)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Notes 1.3 and 2.3 and Appendix X). During financial years 2023, 2022 and 2021, there have been no other 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”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Notes 1.3, 2.3 and Appendix X). During 2023, 2022 and 2021, there have been no other significant reclassifications from the heading “Financial assets at amortized cost” to other headings or from other headings to “Financial assets at amortized cost”. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 15 Calendar of the notiona

Note 15 Calendar of the notional maturities of the hedging instruments (Details) € in Millions	Dec. 31, 2023 EUR (€)
Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	€ 63,547
Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	61,308
Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	37,107
Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	33,577
Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	12,735
Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	3,423
Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	358
Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	117,169
Not later than three months [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	6,235
Not later than three months [member] | Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	5,627
Not later than three months [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	7,819
Not later than three months [member] | Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	7,819
Not later than three months [member] | Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	11,391
Not later than three months [member] | Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	250
Not later than three months [member] | Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	0
Not later than three months [member] | Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	25,695
Later than three months and not later than one year [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	15,249
Later than three months and not later than one year [member] | Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	15,230
Later than three months and not later than one year [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	9,691
Later than three months and not later than one year [member] | Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	9,683
Later than three months and not later than one year [member] | Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	1,343
Later than three months and not later than one year [member] | Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	597
Later than three months and not later than one year [member] | Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	0
Later than three months and not later than one year [member] | Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	26,881
Later than one year and not later than five years [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	28,110
Later than one year and not later than five years [member] | Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	27,360
Later than one year and not later than five years [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	14,635
Later than one year and not later than five years [member] | Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	13,232
Later than one year and not later than five years [member] | Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	0
Later than one year and not later than five years [member] | Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	1,828
Later than one year and not later than five years [member] | Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	311
Later than one year and not later than five years [member] | Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	44,884
Later than five years [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	13,953
Later than five years [member] | Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	13,091
Later than five years [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	4,963
Later than five years [member] | Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	2,843
Later than five years [member] | Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	0
Later than five years [member] | Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	747
Later than five years [member] | Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	46
Later than five years [member] | Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	€ 19,709

Note 16 Investments In Subsidia

Note 16 Investments In Subsidiaries Joint Ventures And Associates (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	€ 93	€ 100	€ 152
Investments in associates	883	816	749
Investments in subsidiaries, joint ventures and associates	976	916	900	€ 1,437
Altura markets SV SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	31	42	76
RCI Colombia [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	40	36	40
Desarrollo Metropolitanos del Sur SL [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	0	0	18
Other joint ventures [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	22	22	18
Metrovacesa SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	259	259	259
BBVA allianz seguros y reaseguros SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	251	248	254
ATOM Bank PLC [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	211	132	77
Solarisbank AG [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	34	66	61
Cofides [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	35	31	28
Redsys servicios de procesamiento SL [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	22	20	19
Servicios electronicos globales SA de CV [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	36	23	15
Other associates [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	€ 37	€ 37	€ 35

Note 16 Joint ventures and asso

Note 16 Joint ventures and associates changes in the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Joint ventures and associates changes in the year [Line Items]
Investments in subsidiaries, joint ventures and associates reported in separate financial statements		€ 916	€ 900	€ 1,437
Acquisitions and capital increases		95	87	22
Disposals and capital reductions		(42)	(88)	(1)
Transfers and changes of consolidation Method		4	0	(559)
Share of profit and loss		26	20	1
Exchange differences		16	(1)	9
Valuation adjustments	[1]	(9)	42	0
Dividends valuation adjustments and others		(30)	(44)	(9)
Investments in subsidiaries, joint ventures and associates reported in separate financial statements		€ 976	€ 916	€ 900
[1](1) See Note 16.3

Note 17 Tangible Assets Breakdo

Note 17 Tangible Assets Breakdown By Type Of Asset (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	€ 15,089		€ 13,535		€ 13,677
Cost of tangible assets	16,432		15,089		13,535
Accrued depreciation	6,066		5,641		5,371
Accrued depreciation	6,896		6,066		5,641
Impairment of tangible assets	286		596		483
Impairment of tangible assets	283		286		596
Tangible assets	8,737	[1]	7,298		7,823
Tangible assets	9,253		8,737	[1]	7,298
Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	1,795		1,726		585
Accrued depreciation changes in the year	867		818		740
Impairment of tangible assets changes in the year	16		(53)		161	[2]
Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(349)		(1,784)		(347)
Accrued depreciation changes in the year	(111)		(392)		(298)
Impairment of tangible assets changes in the year	0		0		0
Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		1,392	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(22)		(360)		(147)
Accrued depreciation changes in the year	(11)		(139)		(39)
Impairment of tangible assets changes in the year	0		13		(5)
Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(79)		580	[4]	(233)
Accrued depreciation changes in the year	85		138		(134)
Impairment of tangible assets changes in the year	(18)		(270)		(43)
Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Land and buildings [member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	6,255		4,350		4,380
Cost of tangible assets	6,405		6,255		4,350
Accrued depreciation	1,064		900		833
Accrued depreciation	1,226		1,064		900
Impairment of tangible assets	154		114		149
Impairment of tangible assets	166		154		114
Tangible assets	5,036		3,336		3,398
Tangible assets	5,013		5,036		3,336
Land and buildings [member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	270		366		58
Accrued depreciation changes in the year	121		108		79
Impairment of tangible assets changes in the year	15		(29)		0	[2]
Land and buildings [member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(19)		(4)		(5)
Accrued depreciation changes in the year	(9)		(2)		(19)
Impairment of tangible assets changes in the year	0		0		0
Land and buildings [member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		1,392	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Land and buildings [member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Land and buildings [member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	12		(21)		(112)
Accrued depreciation changes in the year	(2)		11		(23)
Impairment of tangible assets changes in the year	0		(1)		(24)
Land and buildings [member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(113)		171	[4]	29
Accrued depreciation changes in the year	52		47		30
Impairment of tangible assets changes in the year	(3)		70		(11)
Land and buildings [member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Work in progress [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	93		67		52
Cost of tangible assets	199		93		67
Accrued depreciation	0		0		0
Accrued depreciation	0		0		0
Impairment of tangible assets	0		0		0
Impairment of tangible assets	0		0		0
Tangible assets	93		67		52
Tangible assets	199		93		67
Work in progress [Member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	190		71		31
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0	[2]
Work in progress [Member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(4)		0		(1)
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Work in progress [Member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Work in progress [Member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Work in progress [Member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(72)		(54)		(8)
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Work in progress [Member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(8)		9	[4]	(7)
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Work in progress [Member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Furniture, fixtures and vehicles [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	5,833		5,388		5,515
Cost of tangible assets	6,424		5,833		5,388
Accrued depreciation	4,204		3,833		3,859
Accrued depreciation	4,606		4,204		3,833
Impairment of tangible assets	0		0		0
Impairment of tangible assets	0		0		0
Tangible assets	1,629		1,555		1,656
Tangible assets	1,817		1,629		1,555
Furniture, fixtures and vehicles [Member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	549		475		262
Accrued depreciation changes in the year	426		393		358
Impairment of tangible assets changes in the year	1		4		1	[2]
Furniture, fixtures and vehicles [Member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(117)		(140)		(281)
Accrued depreciation changes in the year	(73)		(132)		(259)
Impairment of tangible assets changes in the year	0		0		0
Furniture, fixtures and vehicles [Member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Furniture, fixtures and vehicles [Member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Furniture, fixtures and vehicles [Member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	41		(40)		(29)
Accrued depreciation changes in the year	(7)		52		(17)
Impairment of tangible assets changes in the year	0		0		17
Furniture, fixtures and vehicles [Member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	118		150	[4]	(79)
Accrued depreciation changes in the year	57		59		(108)
Impairment of tangible assets changes in the year	(1)		(4)		(18)
Furniture, fixtures and vehicles [Member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Right of use assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	1,871		3,154		3,061
Cost of tangible assets	2,212		1,871		3,154
Accrued depreciation	653		811		582
Accrued depreciation	906		653		811
Impairment of tangible assets	65		427		274
Impairment of tangible assets	40		65		427
Tangible assets	1,153		1,916		2,205
Tangible assets	1,266		1,153		1,916
Right of use assets [Member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	499		578		230
Accrued depreciation changes in the year	296		295		284
Impairment of tangible assets changes in the year	(14)		(45)		151	[2]
Right of use assets [Member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(195)		(1,620)		(59)
Accrued depreciation changes in the year	(26)		(244)		(16)
Impairment of tangible assets changes in the year	0		0		0
Right of use assets [Member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right of use assets [Member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right of use assets [Member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(18)		(274)		(34)
Accrued depreciation changes in the year	(5)		(220)		(5)
Impairment of tangible assets changes in the year	0		(7)		0
Right of use assets [Member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	55		32	[4]	(44)
Accrued depreciation changes in the year	(12)		11		(34)
Impairment of tangible assets changes in the year	(11)		(309)		2
Right of use assets [Member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Right to use investment properties [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	214		162		123
Cost of tangible assets	238		214		162
Accrued depreciation	70		47		27
Accrued depreciation	93		70		47
Impairment of tangible assets	50		34		26
Impairment of tangible assets	61		50		34
Tangible assets	94		81		70
Tangible assets	84		94		81
Right to use investment properties [Member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	10		19		4
Accrued depreciation changes in the year	21		18		15
Impairment of tangible assets changes in the year	12		16		8	[2]
Right to use investment properties [Member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		(1)		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right to use investment properties [Member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right to use investment properties [Member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right to use investment properties [Member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	15		33		35
Accrued depreciation changes in the year	3		6		5
Impairment of tangible assets changes in the year	0		0		0
Right to use investment properties [Member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[4]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Right to use investment properties [Member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Investment property [member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	242		147		201
Cost of tangible assets	156		242		147
Accrued depreciation	23		17		16
Accrued depreciation	17		23		17
Impairment of tangible assets	17		21		34
Impairment of tangible assets	15		17		21
Tangible assets	201		109		151
Tangible assets	124		201		109
Investment property [member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	39		95		0
Accrued depreciation changes in the year	3		5		4
Impairment of tangible assets changes in the year	2		2		1	[2]
Investment property [member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(10)		(19)		(1)
Accrued depreciation changes in the year	(1)		(13)		(4)
Impairment of tangible assets changes in the year	0		0		0
Investment property [member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Investment property [member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Investment property [member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		(4)		1
Accrued depreciation changes in the year	1		13		1
Impairment of tangible assets changes in the year	0		21		2
Investment property [member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(115)		23	[4]	(54)
Accrued depreciation changes in the year	(9)		2		0
Impairment of tangible assets changes in the year	(3)		(26)		(16)
Investment property [member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0
Tangible assets leased out under an operating lease [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	582		267		345
Cost of tangible assets	800		582		267
Accrued depreciation	52		33		54
Accrued depreciation	49		52		33
Impairment of tangible assets	0		0		0
Impairment of tangible assets	0		0		0
Tangible assets	530		234		291
Tangible assets	751		530		234
Tangible assets leased out under an operating lease [Member] | Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	238		122		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0	[2]
Tangible assets leased out under an operating lease [Member] | Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(4)		0		0
Accrued depreciation changes in the year	(1)		0		0
Impairment of tangible assets changes in the year	0		0		0
Tangible assets leased out under an operating lease [Member] | Acquisition of subsidiaries in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0	[3]	0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Tangible assets leased out under an operating lease [Member] | Disposal of entities in the year [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Tangible assets leased out under an operating lease [Member] | Transfers of tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	0		0		0
Accrued depreciation changes in the year	0		0		0
Impairment of tangible assets changes in the year	0		0		0
Tangible assets leased out under an operating lease [Member] | Exchange difference and other tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(16)		193	[4]	(78)
Accrued depreciation changes in the year	(3)		19		(21)
Impairment of tangible assets changes in the year	0		0		0
Tangible assets leased out under an operating lease [Member] | Additions transfer to discontinued operations tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Accrued depreciation changes in the year	0		0		€ 0
Impairment of tangible assets changes in the year	€ 0		€ 0
[1] (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group. (2) The variation in 2022 corresponds mainly to the effect of the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation in Turkey (see Note

Note 17 Tangible assets by Span

Note 17 Tangible assets by Spanish and foreign subsidiaries net assets values (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	Dec. 31, 2020
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	€ 9,253	€ 8,737		€ 7,298	€ 7,823
BBVA and Spanish Subsidiaries [Member]
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	4,183	4,285		3,873
Foreign subsidiaries [Member]
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	€ 5,071	€ 4,452		€ 3,425
[1] (1) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group.

Note 18 Reconciliation Of Chang

Note 18 Reconciliation Of Changes In Goodwill (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		€ 707	€ 818	€ 910
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		88	41	(88)
Impairment loss recognised in profit or loss, goodwill		0	0	(4)
Increase Decrease Through Companies In The Process Of Sale Goodwill		0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill			(152)
Goodwill at end of period		795	707	818
MEXICO
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		559	504	478
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		64	55	26
Impairment loss recognised in profit or loss, goodwill		0	0	0
Increase Decrease Through Companies In The Process Of Sale Goodwill		0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill			0
Goodwill at end of period		623	559	504
TURKEY
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period	[1]	0	152	254
Additional recognition, goodwill	[1]	0	0	0
Increase (decrease) through net exchange differences, goodwill	[1]	0	0	(102)
Impairment loss recognised in profit or loss, goodwill	[1]	0	0	0
Increase Decrease Through Companies In The Process Of Sale Goodwill	[1]	0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill	[1]		(152)
Goodwill at end of period	[1]	0	0	152
COLOMBIA
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		118	134	143
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		25	(16)	(9)
Impairment loss recognised in profit or loss, goodwill		0	0	0
Increase Decrease Through Companies In The Process Of Sale Goodwill		0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill			0
Goodwill at end of period		143	118	134
CHILE
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		25	24	27
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(1)	1	(3)
Impairment loss recognised in profit or loss, goodwill		0	0	0
Increase Decrease Through Companies In The Process Of Sale Goodwill		0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill			0
Goodwill at end of period		24	25	24
Other Countries [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		5	4	8
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		0	1	0
Impairment loss recognised in profit or loss, goodwill		0	0	(4)
Increase Decrease Through Companies In The Process Of Sale Goodwill		0	0	0
Increase (decrease) through transfers and other changes, intangible assets and goodwill			0
Goodwill at end of period		€ 5	€ 5	€ 4
[1] 1) As a result of the application of IAS 29 "Financial Reporting in Hyperinflationary Economies" as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value as of December 31, 2021, and as a consequence the goodwill as well as other intangible assets (see Note 18.2) assigned to the Turkish CGU were derecognized.

Note 18 Impairment test assumpt

Note 18 Impairment test assumptions CGU goodwill in Mexico (Details) - MEXICO		Dec. 31, 2023 Rate	Dec. 31, 2022 Rate	Dec. 31, 2021 Rate
Impairment test assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[1]	12.40%	12.70%	14.50%
Growth rate used to extrapolate cash flow projections		5.60%	6.30%	5.70%
[1](1) After tax discount rates

Note 18 Sensitivity analysis fo

Note 18 Sensitivity analysis for main assumptions Mexico (Details) - MEXICO		Dec. 31, 2023 Rate	Dec. 31, 2022 Rate	Dec. 31, 2021 Rate
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[1]	12.40%	12.70%	14.50%
Increase of 50 basis points [Member]
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[2]	(6.00%)
Growth rate used to extrapolate cash flow projections Mexico	[2]	5%
Decrease of 50 basis points [Member]
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[2]	7%
Growth rate used to extrapolate cash flow projections Mexico	[2]	(4.00%)
[1](1) After tax discount rates[2](1) The use of very different discount or growth rates would be inconsistent with the macroeconomic assumptions under which the Unit builds its business plan, such as inflation assumptions or interest rate curves used to determine cash flows

Note 18 Other Intangible Assets

Note 18 Other Intangible Assets (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other intangible assets [Line Items]
Intangible assets other than goodwill	€ 1,568	€ 1,449	€ 1,379
Computer software [member]
Other intangible assets [Line Items]
Intangible assets other than goodwill	1,535	1,393	1,239
Intangible Assets With Indefinite Useful Life
Other intangible assets [Line Items]
Intangible assets other than goodwill	8	13	12
Intangible assets with definite useful life [Member]
Other intangible assets [Line Items]
Intangible assets other than goodwill	€ 25	€ 43	€ 128

Note 18 Changes in other intang

Note 18 Changes in other intangible assets (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other intangible assets [Line Items]
Other intangible assets	€ 1,449	€ 1,379
Intangible assets other than goodwill	1,568	1,449	€ 1,379
Computer software [member]
Other intangible assets [Line Items]
Other intangible assets	1,396	1,239	1,202
Additions other than through business combinations, intangible assets other than goodwill	688	592	470
Amortisation, intangible assets other than goodwill	(518)	(490)	(446)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	6	(80)	(29)
Impairment	26	25	15
Intangible assets other than goodwill	1,535	1,396	1,239
Other intangible assets [member]
Other intangible assets [Line Items]
Other intangible assets	56	140	233
Additions other than through business combinations, intangible assets other than goodwill	1	0	0
Amortisation, intangible assets other than goodwill	(19)	(20)	(48)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	5	63	45
Impairment	0	0	0
Intangible assets other than goodwill	33	56	140
Total of intangible assets [Member]
Other intangible assets [Line Items]
Other intangible assets	1,453	1,379	1,435
Additions other than through business combinations, intangible assets other than goodwill	689	592	470
Amortisation, intangible assets other than goodwill	(536)	(510)	(494)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	11	(17)	(16)
Impairment	26	25	(15)
Intangible assets other than goodwill	€ 1,568	€ 1,453	€ 1,379

Note 19 Reconciliation of taxat

Note 19 Reconciliation of taxation at the Spanish corporation tax rate to the tax expense recorded for the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Tax effect of foreign tax rates reconciliation [Line Items]
Tax expense (income)		€ 4,003	€ 3,505	[1]	€ 1,909
Taxation at Spanish corporation tax rate 30 percent [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		3,726	3,080	[2]	2,519
Lower effective tax rate from foreign entities [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	2	317	[2]	(332)
Lower effective tax rate from foreign entities [Member] | MEXICO
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (194)	€ (203)	[2]	€ (109)
Effective tax percentage on reconciliation	[3]	27%	26%	[2]	27%
Lower effective tax rate from foreign entities [Member] | CHILE
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (4)	€ (8)	[2]	€ (5)
Effective tax percentage on reconciliation	[3]	11%	13%	[2]	22%
Lower effective tax rate from foreign entities [Member] | COLOMBIA
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (25)	€ 24	[2]	€ 0
Effective tax percentage on reconciliation	[3]	14%	37%	[2]	30%
Lower effective tax rate from foreign entities [Member] | PERU
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (55)	€ (16)	[2]	€ 5
Effective tax percentage on reconciliation	[3]	20%	27%	[2]	31%
Lower effective tax rate from foreign entities [Member] | TURKEY
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ 314	€ 621	[2]	€ (125)
Effective tax percentage on reconciliation	[3]	57%	70%	[2]	23%
Lower effective tax rate from foreign entities [Member] | UNITED STATES
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ 5	€ 17	[2]	€ (62)
Effective tax percentage on reconciliation	[3]	33%	17%	[2]	19%
Lower effective tax rate from foreign entities [Member] | Other Countries [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (39)	€ (118)	[2]	€ (36)
Revenues with lower tax rate dividends capital gains [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		(26)	(25)	[2]	(30)
Equity accounted earnings [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		(8)	(6)	[2]	0
USA Sale effect [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		0	0	[2]	544
Other effects Reconciliation [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		309	139	[2]	80
Reconciliation profit or loss before tax [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		12,419	10,268	[2]	8,399
Reconciliation profit or loss before tax [Member] | Profit loss before tax from continuing operations [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		12,419	10,268	[2]	7,247
Reconciliation profit or loss before tax [Member] | Profit loss before tax from discontinued operations [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		0	0	[2]	1,152
Reconciliation income tax [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		4,003	3,505	[2]	2,781
Reconciliation income tax [Member] | Discontinued operations [member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation			€ 0	[2]	€ 872
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Calculated by applying the difference between the tax rate in force in Spain and the one applied to the Group’s earnings in each jurisdiction.

Note 19 Effective tax rate (Det

Note 19 Effective tax rate (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Effective tax rate [Line Items]
Profit (loss) before tax	€ 12,419	€ 10,268	[2]	€ 7,247
Tax expense (income)	€ 4,003	€ 3,505		€ 1,909
Percentage effective tax rate	32.20%	34.10%		26.30%
Consolidated tax group in Spain [Member]
Effective tax rate [Line Items]
Profit (loss) before tax	€ 2,601	€ 2,206		€ 655
Other Spanish entities [Member]
Effective tax rate [Line Items]
Profit (loss) before tax	6	(462)		5
Foreign entities [Member]
Effective tax rate [Line Items]
Profit (loss) before tax	€ 9,812	€ 8,524		€ 6,587
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (2) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see Notes 1.3 and 2.3).

Note 19 Tax recognized in total

Note 19 Tax recognized in total equity (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Tax recognized in total equity [Line Items]
Tax recognized in total equity	€ 285	€ 745		€ (207)
Debt securities [Member]
Tax recognized in total equity [Line Items]
Tax recognized in total equity	217	801		(174)
Equity investments [member]
Tax recognized in total equity [Line Items]
Tax recognized in total equity	€ 68	€ (56)		€ (33)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 19 Tax assets and liabilit

Note 19 Tax assets and liabilities (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021		Dec. 31, 2020
Tax assets and liabilities [Line Items]
Current tax assets	[1]	€ 2,860	€ 1,978		€ 932
Deferred tax assets		14,641	14,747	[3]	14,917	[3]	€ 15,327
Tax assets		17,501	16,725		15,850
Current tax liabilities	[1]	878	1,415		644
Deferred tax liabilities		1,677	1,520	[3]	1,769	[3]	€ 1,809
Tax liabilities		2,554	2,935		2,413
Pensions [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		445	422		416
Financial instruments [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		1,069	1,478		1,408
Deferred tax liabilities		761	557		1,124
Loss allowances [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		2,127	1,834		1,676
Other [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		1,467	1,261		1,101
Deferred tax liabilities		916	963		645
Secured tax assets [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		8,534	8,689		9,304
Tax losses [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		€ 999	€ 1,063		€ 1,012
[1] (2) The increase in current tax assets relates mainly to a higher tax receivable by the tax group in Spain for the refund of year 2023 corporate income tax as a result of the instalment payments made in the year. On the other hand, the decrease in current tax liabilities mainly corresponds to a lower tax payable in Mexico in relation to the estimated corporate income tax for the year 2023, due to the increase in its installment payments for the year. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 19 Deferred tax assets and

Note 19 Deferred tax assets and liabilities annual variations (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022	[1]	Dec. 31, 2021
Deffered tax assets and liabilities [Line Items]
Deferred tax assets	€ 14,747	[1],[2]	€ 14,917		€ 15,327
Deferred tax liabilities	1,520	[1],[2]	1,769		1,809
Deferred tax assets and liabilities	14,641		14,747	[2]	14,917	[1]
Deferred tax liabilities	1,677		1,520	[2]	1,769	[1]
Deferred assets [Member]
Deffered tax assets and liabilities [Line Items]
Deferred tax pensions	23		6		(23)
Deferred tax financials instruments	(409)		70		116
Deferred tax loss allowances	293		158		(7)
Deferred tax others	206		160		32
Deferred tax guaranteed tax assets	(155)		(615)		(57)
Deferred tax tax losses	(64)		51		(471)
Deferred liabilities [Member]
Deffered tax assets and liabilities [Line Items]
Deferred tax pensions	0		0		0
Deferred tax financials instruments	204		(567)		216
Deferred tax loss allowances	0		0		0
Deferred tax others	(47)		318		(256)
Deferred tax guaranteed tax assets	0		0		0
Deferred tax tax losses	€ 0		€ 0		€ 0
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 19 Secured tax assets (Det

Note 19 Secured tax assets (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Secured tax assets [Line Items]
Secured pensions tax assets	€ 1,622	€ 1,622	€ 1,759
Secured loss allowances tax assets	6,912	7,067	7,545
Total secured tax assets	€ 8,534	€ 8,689	€ 9,304

Note 20 Other assets and liabil

Note 20 Other assets and liabilities (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Other assets [Line Items]
Inventories	€ 276	€ 325		€ 424
Items in course of collection from other banks	41	93		131
Other Assets Accruals	1,368	1,461		730
Other assets other items	1,174	706		649
Other assets	2,859	2,586		1,934
Other liabilities [Line Items]
Other Liabilities Transactions In Progress	133	44		48
Other Liabilities Accruals	2,878	2,595		2,137
Other items liabilities	2,466	2,269		1,436
Other liabilities	€ 5,477	€ 4,909		€ 3,621
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)

Note 21 Non Current Assets And

Note 21 Non Current Assets And Disposal Groups Classified As Held For Sale Breakdown By Items (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale		€ (923)	€ (1,022)	€ (1,061)
Liabilities included in disposal groups classified as held for sale		0	0	0
Foreclosures and recoveries [Member]
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale		(943)	(1,070)	(1,218)
Other assets from tangible assets [Member]
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale	[1]	(1,026)	(1,063)	(563)
Companies held for sale [Member]
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale		(43)	(40)	(41)
Liabilities included in disposal groups classified as held for sale		0	0	0
Accrued amortization [Member]
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale	[2]	(84)	(93)	(112)
Impairment losses [Member]
Non current assets and disposal groups classified as held for sale breakdown by items [Line Items]
Non-current assets or disposal groups classified as held for sale	[1]	€ (1,005)	€ (1,057)	€ (650)
[1] (1) The variation in 2022 corresponds mainly to the reclassification of offices previously in own use and now closed after the closing of the transaction with Merlin Properties (see Note 17). In 2021, it includes the reclassification of owned offices and facilities from "tangible assets" to "non-current assets and disposal groups classified as held for sale" and the adjustments due to the closing of the owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 24 and 50).

Note 21 Non current assets an_2

Note 21 Non current assets and disposal groups classified as held for sale changes in the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		€ 1,022	€ 1,061
Non-current assets or disposal groups classified as held for sale		923	1,022	€ 1,061
Cost [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		2,078	1,711	86,581
Additions		192	214	768
Contributions from merger transactions		0	592	0
Retirements sales and other decreases		(357)	(465)	(83,509)
Transfers other movements and exchage differences		15	27	(2,128)
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		1,928	2,078	1,711
Impairment [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		1,057	650	594
Additions		42	221	97
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(111)	(148)	(78)
Transfers other movements and exchage differences		17	333	36
Disposals by companies held for sale		0	0	0
Additions transfer to discontinued operations		0	0	0
Non-current assets or disposal groups classified as held for sale		1,005	1,057	650
Foreclosed assets [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		714	837
Non-current assets or disposal groups classified as held for sale		644	714	837
Foreclosed assets [Member] | Cost [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		1,070	1,218	1,398
Additions		190	211	245
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(323)	(353)	(298)
Transfers other movements and exchage differences		6	(6)	(127)
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		943	1,070	1,218
Foreclosed assets [Member] | Impairment [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		356	381	386
Additions		16	64	36
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(89)	(102)	(65)
Transfers other movements and exchage differences		16	13	24
Disposals by companies held for sale		0	0	0
Additions transfer to discontinued operations		0	0	0
Non-current assets or disposal groups classified as held for sale		299	356	381
Property, plant and equipment [member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale	[1]	269	183
Non-current assets or disposal groups classified as held for sale	[1]	236	269	183
Property, plant and equipment [member] | Cost [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale	[1]	970	452	391
Additions	[1]	2	1	0
Contributions from merger transactions	[1]	0	592	0
Retirements sales and other decreases	[1]	(34)	(110)	(39)
Transfers other movements and exchage differences	[1]	5	35	100
Disposals by companies held for sale	[1]	0	0	0
Non-current assets or disposal groups classified as held for sale	[1]	943	970	452
Property, plant and equipment [member] | Impairment [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale	[1]	701	269	208
Additions	[1]	27	158	62
Contributions from merger transactions	[1]	0	0	0
Retirements sales and other decreases	[1]	(22)	(46)	(13)
Transfers other movements and exchage differences	[1]	1	320	12
Disposals by companies held for sale	[1]	0	0	0
Additions transfer to discontinued operations	[1]	0	0	0
Non-current assets or disposal groups classified as held for sale	[1]	706	701	269
Companies held for sale [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		39	41
Non-current assets or disposal groups classified as held for sale		43	39	41
Companies held for sale [Member] | Cost [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		39	41	84,792
Additions			2	522
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		0	(2)	(83,172)
Transfers other movements and exchage differences		4	(2)	(2,100)
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		43	39	41
Companies held for sale [Member] | Impairment [Member]
Non current assets and disposal groups classified as held for sale changes in the year [Line Items]
Non-current assets or disposal groups classified as held for sale		0	0	0
Additions		0	0	0
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		0	0	0
Transfers other movements and exchage differences		0	0	0
Disposals by companies held for sale		0	0	0
Additions transfer to discontinued operations		0	0	0
Non-current assets or disposal groups classified as held for sale		€ 0	€ 0	€ 0
[1](1) Net of accumulated amortization until assets were reclassified as “Non-current assets and disposal groups classified as held for sale”

Note 22 Financial liabilities a

Note 22 Financial liabilities at amortised cost (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	Dec. 31, 2020
Financial liabilities at amortised cost [Line Items]
Total deposits at amortised cost	€ 473,835	€ 459,662		€ 416,947
Liabilities due to central banks	20,309	38,323	[2]	47,351
Deposits from banks	40,039	26,935	[2]	19,834
Deposits from customers	413,487	394,404	[2],[3]	349,761
Debt instruments issued	68,707	55,429	[2]	55,763	€ 61,780
Other financial liabilities	15,046	14,081	[2],[4]	15,183
Financial liabilities at amortised cost	557,589	529,172	[2]	487,893
Demand Deposits [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	159	205		8
Deposits from banks	6,629	11,434		7,601
Deposits from customers	317,543	316,082		293,015
Time depostis and other [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	12,203	33,534		41,790
Deposits from banks	12,871	11,787		8,599
Deposits from customers	91,740	76,063		55,479
Repurchase Agreements [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	7,947	4,584		5,553
Deposits from banks	20,539	3,714		3,634
Deposits from customers	€ 4,204	€ 2,259		€ 1,267
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 22 Deposits from banks (De

Note 22 Deposits from banks (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		€ 40,039	€ 26,935	[1],[2]	€ 19,834
SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		4,585	2,709		2,047
MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		1,431	1,587		1,002
TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		587	672		792
South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2,659	3,095		1,757
Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		25,097	8,226		7,500
Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		5,681	10,645		6,736
Demand Deposits [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		6,629	11,434		7,601
Demand Deposits [Member] | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		1,252	1,215		1,671
Demand Deposits [Member] | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		789	855		444
Demand Deposits [Member] | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		16	10		83
Demand Deposits [Member] | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		416	844		532
Demand Deposits [Member] | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		3,011	3,613		1,841
Demand Deposits [Member] | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		1,145	4,897		3,030
Time deposits and other [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	12,871	11,787		8,599
Time deposits and other [Member] | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	2,434	1,429		375
Time deposits and other [Member] | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	642	732		558
Time deposits and other [Member] | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	535	633		672
Time deposits and other [Member] | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	2,242	2,251		1,225
Time deposits and other [Member] | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	2,742	2,944		3,110
Time deposits and other [Member] | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[3]	4,277	3,797		2,657
Repurchase Agreements [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		20,539	3,714		3,634
Repurchase Agreements [Member] | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		899	67		0
Repurchase Agreements [Member] | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		0	0		0
Repurchase Agreements [Member] | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		37	29		37
Repurchase Agreements [Member] | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		0	0		0
Repurchase Agreements [Member] | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		19,344	1,669		2,549
Repurchase Agreements [Member] | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		€ 259	€ 1,949		€ 1,048
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Subordinated deposits are included amounting to €35, €24 and €14 million as of December 31, 2023, 2022 and 2021, respectively.

Note 22 Customer Deposits (Deta

Note 22 Customer Deposits (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[3]	Dec. 31, 2021
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	€ 413,487	€ 394,404	[1],[2]	€ 349,761
SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	197,780	202,742		191,974
MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	92,828	78,217		64,247
TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	43,239	40,118		33,376
South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	44,237	41,587		37,861
Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	30,350	26,774		19,234
Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	5,052	4,965		3,070
Demand Deposits [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	317,543	316,082		293,015
Demand Deposits [Member] | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	179,825	188,803		181,565
Demand Deposits [Member] | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	76,122	64,671		53,359
Demand Deposits [Member] | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	20,423	22,117		19,725
Demand Deposits [Member] | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	26,888	27,083		28,039
Demand Deposits [Member] | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	12,863	11,670		8,933
Demand Deposits [Member] | Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	1,422	1,737		1,393
Time deposits and other [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	91,740	76,063		55,479
Time deposits and other [Member] | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	17,952	13,937		10,407
Time deposits and other [Member] | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	15,067	12,916		10,383
Time deposits and other [Member] | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	21,485	17,254		13,644
Time deposits and other [Member] | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	17,349	14,505		9,822
Time deposits and other [Member] | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	16,257	14,224		9,546
Time deposits and other [Member] | Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	3,630	3,228		1,677
Repurchase Agreements [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	4,204	2,259		1,267
Repurchase Agreements [Member] | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	4	2		2
Repurchase Agreements [Member] | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	1,638	630		505
Repurchase Agreements [Member] | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	1,331	747		6
Repurchase Agreements [Member] | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	0	0		0
Repurchase Agreements [Member] | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	1,231	880		754
Repurchase Agreements [Member] | Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	€ 0	€ 0		€ 0
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 22 Deposits from debt cert

Note 22 Deposits from debt certificates (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Debt certificates issued [Line Items]
Debt instruments issued		€ 68,707	€ 55,429	[1],[2]	€ 55,763	€ 61,780
Issued in euros [Member]
Debt certificates issued [Line Items]
Debt instruments issued		44,622	35,611		36,289
Issued in euros [Member] | Promissory bills and notes [Member]
Debt certificates issued [Line Items]
Debt instruments issued		5,416	1,079		319
Issued in euros [Member] | Non convertible bonds and debentures [Member]
Debt certificates issued [Line Items]
Debt instruments issued		16,256	16,979		15,712
Issued in euros [Member] | Covered bons [Member]
Debt certificates issued [Line Items]
Debt instruments issued		6,734	7,665		9,930
Issued in euros [Member] | Hybrid financial instruments [Member]
Debt certificates issued [Line Items]
Debt instruments issued	[3]	800	959		366
Issued in euros [Member] | Securilization bonds [Member]
Debt certificates issued [Line Items]
Debt instruments issued		2,168	2,501		2,302
Issued in euros [Member] | Wholesale funding [Member]
Debt certificates issued [Line Items]
Debt instruments issued		6,182	139		438
Issued in euros [Member] | Subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued		7,066	6,289		7,221
Issued in euros [Member] | Convertible perpetual certificates [Member]
Debt certificates issued [Line Items]
Debt instruments issued		3,000	3,000		3,500
Issued in euros [Member] | Other non convertible subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued		4,066	3,289		3,721
issued in foreign currency [Member]
Debt certificates issued [Line Items]
Debt instruments issued		24,086	19,819		19,475
issued in foreign currency [Member] | Promissory bills and notes [Member]
Debt certificates issued [Line Items]
Debt instruments issued		336	351		579
issued in foreign currency [Member] | Non convertible bonds and debentures [Member]
Debt certificates issued [Line Items]
Debt instruments issued		8,684	9,323		7,885
issued in foreign currency [Member] | Covered bons [Member]
Debt certificates issued [Line Items]
Debt instruments issued		99	114		178
issued in foreign currency [Member] | Hybrid financial instruments [Member]
Debt certificates issued [Line Items]
Debt instruments issued	[3]	4,722	3,724		2,843
issued in foreign currency [Member] | Securilization bonds [Member]
Debt certificates issued [Line Items]
Debt instruments issued		0	0		4
issued in foreign currency [Member] | Wholesale funding [Member]
Debt certificates issued [Line Items]
Debt instruments issued		1,479	111		412
issued in foreign currency [Member] | Subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued		8,766	6,196		7,574
issued in foreign currency [Member] | Convertible perpetual certificates [Member]
Debt certificates issued [Line Items]
Debt instruments issued		2,715	1,876		1,771
issued in foreign currency [Member] | Other non convertible subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued		€ 6,051	€ 4,320		€ 5,803
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9.

Note 22 Memorandum item subordi

Note 22 Memorandum item subordinated liabilities at amortized cost (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subordinated liabilities at amortized cost [Line Items]
Subordinated deposits		€ 35	€ 24	€ 14
Subordinated certificates	[1]	15,832	12,485	14,794	€ 17,248
Compound convertible financial instruments		5,715	4,876	5,271
Other non convertible subordinated liabilities		10,117	7,609	9,523
Memorandum item subordinated liabilities at amortised cost		€ 15,867	€ 12,509	€ 14,808
[1] (1) There were €35, €24 and €14 million of subordinated deposits as of December 31, 2023, 2022 and 2021, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €345, €313 and €359 million in 2023, 2022 and 2021, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.

Note 22 Other Financial Liabili

Note 22 Other Financial Liabilities (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Other financial liabilities [Line Items]
Other financial liabilities		€ 15,046	€ 14,081	[1],[3]	€ 15,183
Lease liabilities [member]
Other financial liabilities [Line Items]
Other financial liabilities	[4]	1,507	1,398		2,560
Creditors for other financial liabilities [Member]
Other financial liabilities [Line Items]
Other financial liabilities		3,439	3,584		2,657
Collection accounts [Member]
Other financial liabilities [Line Items]
Other financial liabilities		3,642	3,426		3,839
Creditors for other payment obligations [Member]
Other financial liabilities [Line Items]
Other financial liabilities		€ 6,458	€ 5,673		€ 6,127
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The variation in 2022 corresponds mainly to the closing of the transaction with Merlin Properties for which 100% of the shares of Tree Inversiones Inmobiliarias, SOCIMI, S.A. were acquired by BBVA Group (see Note 17).

Note 22 Maturity of future paym

Note 22 Maturity of future payment obligations (Details) € in Millions	Dec. 31, 2023 EUR (€)
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	€ 1,507
Not later than one year [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	236
Later than one year and not later than three years [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	264
Later than three years and not later than five years [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	182
Later than five years [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	€ 824

Note 23 Liabilities Under Insur

Note 23 Liabilities Under Insurance Contracts And Reinsurance Contracts Issued (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 12,110	€ 10,131	[1]	€ 10,865
Insurances [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	12,110	10,131	[2]
Liabilities for remaining coverage [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	10,900	9,157	[2]
Liabilities for remaining coverage [Member] | Estimates of present value of future cash flows [member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	9,361	7,745	[2]
Liabilities for remaining coverage [Member] | Risk adjustments [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	171	155	[2]
Liabilities for remaining coverage [Member] | Cost service margin [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,213	1,097	[2]
Liabilities for remaining coverage [Member] | Loss component [member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1	1	[2]
Liabilities for remaining coverage [Member] | Premium reserve - simplified model [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	154	159	[2]
Liabilities for incurred claims [member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,210	974	[2]
Liabilities for incurred claims [member] | Estimates of present value of future cash flows [member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,191	959	[2]
Liabilities for incurred claims [member] | Risk adjustments [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	19	15	[2]
Reinsurances [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 0	€ 0	[2]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 23 Liabilities under ins_2

Note 23 Liabilities under insurance and reinsurance contracts by type of product (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		€ 12,110	€ 10,131	[1]	€ 10,865
Liabilities for remaining coverage [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		10,900	9,157	[2]
6311 Life Insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		10,657	8,962	[2]
6311 Life Insurance [Member] | Individual life insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities	[3]	8,900	7,592	[2]
6311 Life Insurance [Member] | Group insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities	[4]	1,757	1,370	[2]
Non-life insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		243	195	[2]
Liabilities for incurred claims [member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		€ 1,210	€ 974	[2]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (3) The insurance policies purchased by employers (other than BBVA Group) on behalf of their employees.

Note 23 Variation in liabilitie

Note 23 Variation in liabilities under Insurance and Reinsurance Contracts analyzed by liabilities for the remaining coverage and liabilities for incurred claims (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities restated					€ 9,972
Insurance contracts issued that are liabilities	€ 10,131	[1]	€ 10,865
Insurance service result	(1,289)		(1,186)
Insurance revenue	(2,897)		(2,575)
Insurance expense	1,607		1,390
Financial income (expense) from insurance contracts	564		(692)
Exchange rate differences from insurance contracts	1,067		1,099
Cash flows from insurance and reinsurance contracts	1,637		938
Insurance contracts issued that are liabilities	12,110		10,131	[1]
Amounts related to changes in liability for remaining coverage [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(1,005)		(1,074)
Recovery of Insurance acquisitions cash flows [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(23)		(4)
Other insurance revenue [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(1,869)		(1,497)
Incurred claims and other expenses [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	1,509		1,112
Amortization of Insurance acquisition cash flow [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	70		116
Changes to liability for incurred claims [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	23		148
Impairment (reversal) from loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	5		13
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities restated					7,657
Insurance contracts issued that are liabilities	7,871
Insurance service result	(2,817)		(2,201)
Insurance revenue	(2,887)		(2,329)
Insurance expense	70		128
Financial income (expense) from insurance contracts	495		(749)
Exchange rate differences from insurance contracts	795		820
Cash flows from insurance and reinsurance contracts	2,692		2,345
Insurance contracts issued that are liabilities	9,036		7,871
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Amounts related to changes in liability for remaining coverage [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(995)		(828)
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Recovery of Insurance acquisitions cash flows [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(23)		(4)
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Other insurance revenue [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(1,869)		(1,497)
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Incurred claims and other expenses [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Amortization of Insurance acquisition cash flow [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	70		116
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Changes to liability for incurred claims [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage excluding loss component [Member] | Impairment (reversal) from loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		12
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities restated					1,218
Insurance contracts issued that are liabilities	1,286
Insurance service result	(5)		(244)
Insurance revenue	(10)		(246)
Insurance expense	5		2
Financial income (expense) from insurance contracts	68		55
Exchange rate differences from insurance contracts	212		228
Cash flows from insurance and reinsurance contracts	302		30
Insurance contracts issued that are liabilities	1,864		1,286
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Amounts related to changes in liability for remaining coverage [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	(10)		(246)
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Recovery of Insurance acquisitions cash flows [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Other insurance revenue [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Incurred claims and other expenses [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Amortization of Insurance acquisition cash flow [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Changes to liability for incurred claims [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for remaining coverage [Member] | Liabilities for remaining coverage with loss component [Member] | Impairment (reversal) from loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	5		2
Liabilities for incurred claims [member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities restated					€ 1,097
Insurance contracts issued that are liabilities	974
Insurance service result	1,532		1,260
Insurance revenue	0		0
Insurance expense	1,532		1,260
Financial income (expense) from insurance contracts	1		2
Exchange rate differences from insurance contracts	59		51
Cash flows from insurance and reinsurance contracts	(1,357)		(1,437)
Insurance contracts issued that are liabilities	1,210		974
Liabilities for incurred claims [member] | Amounts related to changes in liability for remaining coverage [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	0		0
Liabilities for incurred claims [member] | Recovery of Insurance acquisitions cash flows [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	0		0
Liabilities for incurred claims [member] | Other insurance revenue [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance revenue	0		0
Liabilities for incurred claims [member] | Incurred claims and other expenses [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	1,509		1,112
Liabilities for incurred claims [member] | Amortization of Insurance acquisition cash flow [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	0		0
Liabilities for incurred claims [member] | Changes to liability for incurred claims [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	23		148
Liabilities for incurred claims [member] | Impairment (reversal) from loss component [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance expense	€ 0		€ 0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 23 Variation in liabilit_2

Note 23 Variation in liabilities under Insurance and Reinsurance contracts by valuation components (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Liabilities under insurance and reinsurance contracts by valuation component		€ 9,303		€ 9,006
Insurance service result		(406)		(511)
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(960)		(908)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		0		(17)
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		554		413
Financial income (expense) from insurance contracts		564		(694)
Exchange rate differences from insurance and reinsurance contracts by valuation component		1,035		1,093
Cash flows from insurance and reinsurance contracts by valuation component		623		412
Insurance and reinsurance contracts transferred to/from a third party		0		0
Liabilities under insurance and reinsurance contracts by valuation component		11,118		9,303
Contractual service margin release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(185)		(144)
Risk adjustment release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(26)		(14)
Experience adjustments [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(749)		(750)
Changes in estimates that adjust the contractual service margin [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(7)		(3)
Changes in estimates that result in losses (reversals) on onerous contracts [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(2)		(19)
Contracts initially recognized in the year [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		8		5
Adjustments to liability for incurred claims [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		554		413
Estimates of present value of future cash flows [member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Liabilities under insurance and reinsurance contracts by valuation component		8,056		7,945
Insurance service result		(384)		(606)
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(749)		(750)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(189)		(270)
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		554		413
Financial income (expense) from insurance contracts		508		(704)
Exchange rate differences from insurance and reinsurance contracts by valuation component		935		1,009
Cash flows from insurance and reinsurance contracts by valuation component		623		412
Insurance and reinsurance contracts transferred to/from a third party		0		0
Liabilities under insurance and reinsurance contracts by valuation component		9,738		8,056
Estimates of present value of future cash flows [member] | Contractual service margin release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0		0
Estimates of present value of future cash flows [member] | Risk adjustment release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0		0
Estimates of present value of future cash flows [member] | Experience adjustments [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(749)		(750)
Estimates of present value of future cash flows [member] | Changes in estimates that adjust the contractual service margin [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		35		(50)
Estimates of present value of future cash flows [member] | Changes in estimates that result in losses (reversals) on onerous contracts [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(6)		(15)
Estimates of present value of future cash flows [member] | Contracts initially recognized in the year [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(218)		(204)
Estimates of present value of future cash flows [member] | Adjustments to liability for incurred claims [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		554		413
Risk adjustment for insurance and reinsurance contracts [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Liabilities under insurance and reinsurance contracts by valuation component		150		112
Insurance service result		0		46
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(26)		(14)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		26		60
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		0		0
Financial income (expense) from insurance contracts		11		(20)
Exchange rate differences from insurance and reinsurance contracts by valuation component		6		11
Cash flows from insurance and reinsurance contracts by valuation component		0		0
Insurance and reinsurance contracts transferred to/from a third party		0		0
Liabilities under insurance and reinsurance contracts by valuation component		167		150
Risk adjustment for insurance and reinsurance contracts [Member] | Contractual service margin release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0		0
Risk adjustment for insurance and reinsurance contracts [Member] | Risk adjustment release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(26)		(14)
Risk adjustment for insurance and reinsurance contracts [Member] | Experience adjustments [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0		0
Risk adjustment for insurance and reinsurance contracts [Member] | Changes in estimates that adjust the contractual service margin [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(6)		45
Risk adjustment for insurance and reinsurance contracts [Member] | Changes in estimates that result in losses (reversals) on onerous contracts [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		0		0
Risk adjustment for insurance and reinsurance contracts [Member] | Contracts initially recognized in the year [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		32		15
Risk adjustment for insurance and reinsurance contracts [Member] | Adjustments to liability for incurred claims [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		0		0
Contractual service margin [member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Liabilities under insurance and reinsurance contracts by valuation component	[1]	1,097	[2]	948
Insurance service result		(23)	[2]	49	[1]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(185)	[2]	(144)	[1]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		163	[2]	193	[1]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		0	[2]	0	[1]
Financial income (expense) from insurance contracts		45	[2]	29	[1]
Exchange rate differences from insurance and reinsurance contracts by valuation component		94	[2]	72	[1]
Cash flows from insurance and reinsurance contracts by valuation component		0	[2]	0	[1]
Insurance and reinsurance contracts transferred to/from a third party		0	[2]	0	[1]
Liabilities under insurance and reinsurance contracts by valuation component	[2]	1,213		1,097	[1]
Contractual service margin [member] | Contractual service margin release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		(185)	[2]	(144)	[1]
Contractual service margin [member] | Risk adjustment release [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0	[2]	0	[1]
Contractual service margin [member] | Experience adjustments [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)		0	[2]	0	[1]
Contractual service margin [member] | Changes in estimates that adjust the contractual service margin [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		(36)	[2]	3	[1]
Contractual service margin [member] | Changes in estimates that result in losses (reversals) on onerous contracts [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		4	[2]	(3)	[1]
Contractual service margin [member] | Contracts initially recognized in the year [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)		194	[2]	194	[1]
Contractual service margin [member] | Adjustments to liability for incurred claims [Member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)		€ 0	[2]	€ 0	[1]
[1] (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). (1) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3).

Note 23 Maturity of liabilities

Note 23 Maturity of liabilities under insurance and reinsurance contracts (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 12,110	€ 10,131		€ 10,865
Not later than one year [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,356	1,754		1,808
Later than one year and not later than three years [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	962	663		290
Later than three years and not later than five years [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	2,425	1,664		1,664
Later than five years [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 7,367	€ 6,050		€ 7,103
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 23 Maturity of liabiliti_2

Note 23 Maturity of liabilities under insurance and reinsurance contracts under IFRS 4 (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Cash flows of liabilities under insurance and reinsurance contracts under IFRS 4 [Line Items]
Insurance contracts issued that are liabilities	€ 12,110	€ 10,131	[1]	€ 10,865
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 23 Mathematical reserves (

Note 23 Mathematical reserves (Details)	12 Months Ended
	Dec. 31, 2023
Individual life insurance [Member] | SPAIN
Mortality table & average technical interest rate [Line Items]
Mortality tables	GRMF 80-2, GKM 80 / GKMF 95, PASEM,GKMF 80/95,PERFM 2000	[1]
Average technical interest rate	0.24%- 2.85	[1]
Individual life insurance [Member] | MEXICO
Mortality table & average technical interest rate [Line Items]
Mortality tables	Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual	[1]
Average technical interest rate	3.60	[1]
Group insurance [Member] | SPAIN
Mortality table & average technical interest rate [Line Items]
Mortality tables	PERFM 2000	[2]
Average technical interest rate	Depending on the related portfolio	[2]
Group insurance [Member] | MEXICO
Mortality table & average technical interest rate [Line Items]
Mortality tables	Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupo	[2]
Average technical interest rate	5.50	[2]
[1] (1) Provides coverage in the case of one or more of the following events: death, disability and / or serious illness. (2) Insurance policies purchased by companies (other than BBVA Group entities) on behalf of their employees.

Note 24 Provisions Breakdown By

Note 24 Provisions Breakdown By Concepts (Details) - EUR (€) € in Millions		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Provisions breakdown by concepts [Line Items]
Provisions for employee benefits		€ 2,571	[1]	€ 2,632	[1],[2]	€ 3,576	[1],[2]	€ 4,272
Other long term employee benefits	[3]	435		466		632
Legal proceedings provision		696		685		623
Provisions commitments and guarantees given		770		770		691
Other provisions	[4]	452		380		366
Provisions		€ 4,924		€ 4,933		€ 5,889
[1] (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) In 2021 it included the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. (2) Individually non-significant provisions, for various concepts and corresponding to different geographical areas.

Note 24 Provisions for pensions

Note 24 Provisions for pensions and similar obligations changes over the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	[1]	Dec. 31, 2021
Changes over the year for provisions for pensions and similar obligation [Line Items]
Provisions for employee benefits		€ 2,632	[1],[2]	€ 3,576	[2]	€ 4,272
Charges to income for the year provisions for pensions and similar obligations balance		211		25		141
Intereset expense and similar charges for pensions		133		75		37
Post-employment benefit expense, defined benefit plans		49		42	[3]	49
Provisions expenses for pensions		29		(92)		56
Increase (decrease) in reimbursement rights related to defined benefit obligation, resulting from gain (loss) on remeasurement	[4]	314		(433)		(206)
Transfers and other changes		(57)		24		(21)
Benefit payments for pensions		(424)		(492)		(608)
Employer contributions		(106)		(67)		(4)
Provisions for employee benefits	[2]	€ 2,571		€ 2,632		€ 3,576	[1]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 24 Provisions for taxes, l

Note 24 Provisions for taxes, legal contingencies and other provisions changes over the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes over the year of provisions for taxes, legal contingencies and other provisions [Line Items]
Provisions for taxes legal contingents and other provisions		€ 1,065	€ 990	€ 1,091
Additions of provisions for taxes legal contingents and other provisions	[1]	651	417	1,175
Acquisition of subsidiaries of provisions for taxes legal contingents and other provisions		0	0	0
Unused amounts reversed during the year of provisions for taxes legal contingents and other provisions		(385)	(130)	(227)
Amount used and other variations of provisions for taxes legal contingents and other provisions	[1]	(183)	(211)	(1,050)
Provisions for taxes legal contingents and other provisions		€ 1,148	€ 1,065	€ 990
[1](1) In 2021, it includes the initial recognition of the estimated cost of the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A., and the subsequent reclassification from "Other provisions" to "Other long term employee benefits" for the remaining amount at the time of the reclassification

Note 25 Net defined benefit lia

Note 25 Net defined benefit liability asset on the consolidated balance sheet (Details) - EUR (€) € in Millions		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Defined benefit liabilities or assets on the consolidated balance sheet [Line Items]
Pension commitments		€ 3,849		€ 3,661		€ 4,218
Early retirement commitments		412		606		952
Medical benefits commitments		1,728		1,448		1,377
Other long term employee benefits	[1]	435		466		632
Defined benefit obligation, at present value		6,424		6,181		7,180
Pension plan assets		1,675		1,608		1,494
Medical benefit plan assets		1,744		1,476		1,494
Plan assets, at fair value	[2]	3,419		3,084		2,988
Total net defined benefit liability assets		3,006		3,097		4,193
Of which net defined net assets on the consolidated balance sheet	[3]	0		(1)		(15)
Provisions for employee benefits		2,571	[4]	2,632	[4],[5]	3,576	[4],[5]	€ 4,272
Other long term employees benefits		€ 435		€ 466		€ 632
[1] (1) In 2021 it included the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €153 million as of December 31, 2023 which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the Consolidated Financial Statements, because although it could be used to reduce future pension contributions it could not be immediately refunded to the employer. (2) Recorded under the heading “Other Assets - Other” of the consolidated balance sheet (see Note 20). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 25 Consolidated Income Sta

Note 25 Consolidated Income Statement Impact (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Consolidated income statement impact [Line Items]
Interest Income And Expense Post employment and other employee benefit commitments		€ 133	€ 75		€ 37
Interest Expenses Benefit Commitments		444	342		257
Interest Income Benefit Commitments		(311)	(267)		(220)
Personnel expense consolidated income statement impact		188	130		120
Defined contribution plan expense		139	87		71
Defined benefit plans expense		49	42		49
Net Provisions post employment and other employee benefit commitments		31	(89)		61
Early Retirement Expense		0	0		100
Past service cost expense on income statement		36	34		(28)
Remeasurements on income statement	[2]	(7)	(126)		(16)
Other provision expense impact on income statement		2	3		6
Total consolidated income statement impact		€ 352	€ 116		€ 218
[1]1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).[2] (2) Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits that are charged to the income statements (see Note 2.2.12).

Note 25 Equity impact (Details)

Note 25 Equity impact (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity impact [Line Items]
Total impact on equity debit credit	€ 314	€ (433)	€ (206)
Defined benefit plans equity impact [Member]
Equity impact [Line Items]
Total impact on equity debit credit	302	(363)	52
Post employment medical benefits equity impact [Member]
Equity impact [Line Items]
Total impact on equity debit credit	€ 12	€ (71)	€ (257)

Note 25 Defined benefits (Detai

Note 25 Defined benefits (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Present value of defined benefit obligation [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		€ 5,715	€ 6,547	€ 7,348
Current service cost, defined benefit plans		52	45	53
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		425	333	253
Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan		10	10	5
Contributions to plan by employer, net defined benefit liability (asset)		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from past service cost	[1]	36	34	75
Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income		375	(741)	(406)
Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense	[2]	0	0	0
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions		(86)	(29)	(121)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions		248	(812)	(259)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments		212	100	(27)
Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan		655	676	765
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		76	4	1
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		(1)	0	(2)
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		124	161	(24)
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		(15)	7	13
Net assets available for benefits at end of period		5,989	5,715	6,547
Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		3,084	2,988	3,092
Current service cost, defined benefit plans		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		311	267	220
Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan		10	10	5
Contributions to plan by employer, net defined benefit liability (asset)		(106)	(67)	(4)
Increase (decrease) in net defined benefit liability (asset) resulting from past service cost	[1]	0	0	0
Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income		68	(240)	(184)
Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense	[2]	68	(240)	(184)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions		0	0	0
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions		0	0	0
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments		0	0	0
Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan		232	184	158
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		75	4	1
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		0	0	1
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		153	180	8
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		(7)	0	0
Net assets available for benefits at end of period		3,419	3,084	2,988
Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,631	3,560	4,256
Current service cost, defined benefit plans		52	45	53
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		114	65	33
Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan		0	0	0
Contributions to plan by employer, net defined benefit liability (asset)		(106)	(67)	(4)
Increase (decrease) in net defined benefit liability (asset) resulting from past service cost	[1]	36	34	75
Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income		307	(501)	(223)
Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense	[2]	(68)	240	184
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions		(86)	(29)	(121)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions		248	(812)	(259)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments		212	100	(27)
Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan		(424)	(492)	(608)
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		(1)	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		(1)	0	(3)
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		(29)	(20)	(32)
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		(8)	7	13
Net assets available for benefits at end of period		2,571	2,631	3,560
SPAIN | Present value of defined benefit obligation [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,546	3,670
Net assets available for benefits at end of period		2,310	2,546	3,670
SPAIN | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		147	206
Net assets available for benefits at end of period		129	147	206
SPAIN | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,399	3,464
Net assets available for benefits at end of period		2,181	2,399	3,464
MEXICO | Present value of defined benefit obligation [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,426	2,150
Net assets available for benefits at end of period		2,988	2,426	2,150
MEXICO | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,329	2,149
Net assets available for benefits at end of period		2,702	2,329	2,149
MEXICO | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		97	1
Net assets available for benefits at end of period		286	97	1
UNITED STATES | Present value of defined benefit obligation [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		0	0
Net assets available for benefits at end of period		0	0	0
UNITED STATES | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		0	0
Net assets available for benefits at end of period		0	0	0
UNITED STATES | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		0	0
Net assets available for benefits at end of period		0	0	0
TURKEY | Present value of defined benefit obligation [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		418	272
Net assets available for benefits at end of period		435	418	272
TURKEY | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		315	209
Net assets available for benefits at end of period		363	315	209
TURKEY | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		103	63
Net assets available for benefits at end of period		€ 72	€ 103	€ 63
[1] (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".

Note 25 Actuarial assumptions p

Note 25 Actuarial assumptions percentage (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SPAIN
Actuarial assumptions [Line Items]
Actuarial assumption of discount rates	3.43%	3.91%	0.74%
Actuarial assumption of expected rates of salary increases	0%	0%	0%
Actuarial assumption of expected rates of pension increases	0%	0%	0%
Actuarial assumption of medical cost trend rates	0%	0%	0%
Mortality tables	PER 2020	PER 2020	PER 2020
MEXICO
Actuarial assumptions [Line Items]
Actuarial assumption of discount rates	10.44%	10.68%	9.68%
Actuarial assumption of expected rates of salary increases	4.50%	4.50%	4%
Actuarial assumption of expected rates of pension increases	4.14%	4.41%	2.95%
Actuarial assumption of medical cost trend rates	8.04%	8.04%	7%
Mortality tables	EMSSA09	EMSSA09	EMSSA09
TURKEY
Actuarial assumptions [Line Items]
Actuarial assumption of discount rates	25.60%	17.79%	19.10%
Actuarial assumption of expected rates of salary increases	23.44%	15.86%	16.60%
Actuarial assumption of expected rates of pension increases	21.94%	14.36%	15.10%
Actuarial assumption of medical cost trend rates	26.14%	18.56%	19.30%
Mortality tables	TUIK 2019	TUIK 2019	CSO2001

Note 25 Sensitivity analysis (D

Note 25 Sensitivity analysis (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Discount rate sensitivity analysis [Member]
Sensitivity analysis [Line Items]
Basis points change sensitivity analysis	0.50%
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ (265)	€ (321)	€ (282)
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ 291	350	307
Rate of salary increase sensitivity analysis [Member]
Sensitivity analysis [Line Items]
Basis points change sensitivity analysis	0.50%
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ 4	1	2
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (4)	(1)	(2)
Rate of pension increase sensitivity analysis [Member]
Sensitivity analysis [Line Items]
Basis points change sensitivity analysis	0.50%
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ 34	32	28
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (32)	(39)	(26)
Medical cost trend rate sensitivity analysis [Member]
Sensitivity analysis [Line Items]
Basis points change sensitivity analysis	0.50%
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ 141	119	109
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (126)	(106)	(98)
Change in obligation from each additional year of longevity [Member]
Sensitivity analysis [Line Items]
Basis points change sensitivity analysis
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption	€ 134	113	170
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ 0	€ 0	€ 0

Note 25 Post employment commitm

Note 25 Post employment commitments (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Post employment commitments [Line Items]
Defined benefit obligation, at present value		€ 6,181		€ 7,180
Defined benefit obligation, at present value		6,424		6,181		€ 7,180
SPAIN
Post employment commitments [Line Items]
Defined benefit obligation, at present value		2,546
Defined benefit obligation, at present value		2,310		2,546
Plan assets		147
Plan assets		129		147
Net liability asset		2,399		3,464		4,039
Net liability asset		2,181		2,399		3,464
SPAIN | Current service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		3
Plan assets changes of the year		0
Net liability asset changes of the year		3		4		5
SPAIN | Interest income or expense [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		90
Plan assets changes of the year		5
Net liability asset changes of the year		85		51		20
SPAIN | Contributions by plan participants [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | Employer contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		11
SPAIN | Past service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[1]	0
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		0	[1]	0	[2]	75	[2]
SPAIN | Remeasurements [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		67
Plan assets changes of the year		0
Net liability asset changes of the year		67		(643)		(98)
SPAIN | Return of plan assets [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[3]	0
Plan assets changes of the year	[3]	0
Net liability asset changes of the year		0	[3]	34	[4]	8	[4]
SPAIN | From changes in demographic assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | From changes in financial assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		78
Plan assets changes of the year		0
Net liability asset changes of the year		78		(643)		(61)
SPAIN | Other actuarial gains and losses [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(11)
Plan assets changes of the year		0
Net liability asset changes of the year		(11)		(34)		(45)
SPAIN | Benefit payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(402)
Plan assets changes of the year		(23)
Net liability asset changes of the year		(379)		(484)		(599)
SPAIN | Settlements payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | Business combinations [member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | Effect on changes in foreign exchange rates [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | Conversions to defined contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
SPAIN | Other effects Post employment commitments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		6
Plan assets changes of the year		0
Net liability asset changes of the year		6		7		12
SPAIN | of which vested benefit obligation relating to current employees [Member]
Post employment commitments [Line Items]
Defined benefit obligation, at present value		64
SPAIN | Of which vested benefit obligation relating to retired employees [Member]
Post employment commitments [Line Items]
Defined benefit obligation, at present value		2,246
MEXICO
Post employment commitments [Line Items]
Defined benefit obligation, at present value		985
Defined benefit obligation, at present value		1,269		985
Plan assets		853
Plan assets		958		853
Net liability asset		132		124		28
Net liability asset		311		132		124
MEXICO | Current service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		9
Plan assets changes of the year		0
Net liability asset changes of the year		9		7		5
MEXICO | Interest income or expense [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		108
Plan assets changes of the year		91
Net liability asset changes of the year		17		14		1
MEXICO | Contributions by plan participants [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
MEXICO | Employer contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		37
Net liability asset changes of the year		(37)		(41)		(2)
MEXICO | Past service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[1]	0
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		0	[1]	1	[2]	0	[2]
MEXICO | Remeasurements [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		156
Plan assets changes of the year		(19)
Net liability asset changes of the year		175		152		128
MEXICO | Return of plan assets [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[3]	0
Plan assets changes of the year	[3]	(19)
Net liability asset changes of the year		19	[3]	45	[4]	49	[4]
MEXICO | From changes in demographic assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		(4)
MEXICO | From changes in financial assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		114
Plan assets changes of the year		0
Net liability asset changes of the year		114		73		84
MEXICO | Other actuarial gains and losses [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		42
Plan assets changes of the year		0
Net liability asset changes of the year		42		34		(2)
MEXICO | Benefit payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(102)
Plan assets changes of the year		(102)
Net liability asset changes of the year		0		0		(1)
MEXICO | Settlements payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(1)
Plan assets changes of the year		(1)
Net liability asset changes of the year		0		0		0
MEXICO | Business combinations [member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		(139)		(40)
MEXICO | Effect on changes in foreign exchange rates [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		114
Plan assets changes of the year		99
Net liability asset changes of the year		15		13		5
MEXICO | Conversions to defined contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
MEXICO | Other effects Post employment commitments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
TURKEY
Post employment commitments [Line Items]
Defined benefit obligation, at present value		418
Defined benefit obligation, at present value		435		418
Plan assets		315
Plan assets		363		315
Net liability asset		103		63		85
Net liability asset		72		103		63
TURKEY | Current service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		17
Plan assets changes of the year		0
Net liability asset changes of the year		17		13		16
TURKEY | Interest income or expense [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		50
Plan assets changes of the year		41
Net liability asset changes of the year		8		10		9
TURKEY | Contributions by plan participants [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		9
Plan assets changes of the year		9
Net liability asset changes of the year		0		0		0
TURKEY | Employer contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		23
Net liability asset changes of the year		(23)		(22)		(11)
TURKEY | Past service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[1]	33
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		33	[1]	2	[2]	2	[2]
TURKEY | Remeasurements [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		161
Plan assets changes of the year		129
Net liability asset changes of the year		32		62		10
TURKEY | Return of plan assets [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[3]	0
Plan assets changes of the year	[3]	129
Net liability asset changes of the year		(129)	[3]	(104)	[4]	(11)	[4]
TURKEY | From changes in demographic assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(14)
Plan assets changes of the year		0
Net liability asset changes of the year		(14)		(37)		0
TURKEY | From changes in financial assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		10
Plan assets changes of the year		0
Net liability asset changes of the year		10		82		(18)
TURKEY | Other actuarial gains and losses [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		165
Plan assets changes of the year		0
Net liability asset changes of the year		165		122		39
TURKEY | Benefit payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(68)
Plan assets changes of the year		(25)
Net liability asset changes of the year		(43)		(6)		(6)
TURKEY | Settlements payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
TURKEY | Business combinations [member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
TURKEY | Effect on changes in foreign exchange rates [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(162)
Plan assets changes of the year		(122)
Net liability asset changes of the year		(40)		(18)		(43)
TURKEY | Conversions to defined contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
TURKEY | Other effects Post employment commitments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(21)
Plan assets changes of the year		(7)
Net liability asset changes of the year		(14)		0		0
Rest of the world [Member]
Post employment commitments [Line Items]
Defined benefit obligation, at present value		318
Defined benefit obligation, at present value		247		318
Plan assets		293
Plan assets		224		293
Net liability asset		25		24		27
Net liability asset		23		25		24
Rest of the world [Member] | Current service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		3
Plan assets changes of the year		0
Net liability asset changes of the year		3		3		3
Rest of the world [Member] | Interest income or expense [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		11
Plan assets changes of the year		9
Net liability asset changes of the year		2		4		1
Rest of the world [Member] | Contributions by plan participants [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		2
Plan assets changes of the year		2
Net liability asset changes of the year		0		0		0
Rest of the world [Member] | Employer contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		29
Net liability asset changes of the year		(29)		(3)		(1)
Rest of the world [Member] | Past service cost [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[1]	3
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		3	[1]	3	[2]	2	[2]
Rest of the world [Member] | Remeasurements [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(4)
Plan assets changes of the year		(25)
Net liability asset changes of the year		21		(1)		(5)
Rest of the world [Member] | Return of plan assets [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value	[3]	0
Plan assets changes of the year	[3]	(25)
Net liability asset changes of the year		25	[3]	121	[4]	19	[4]
Rest of the world [Member] | From changes in demographic assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(2)
Plan assets changes of the year		0
Net liability asset changes of the year		(2)		8		(2)
Rest of the world [Member] | From changes in financial assumptions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(10)
Plan assets changes of the year		0
Net liability asset changes of the year		(10)		(132)		(7)
Rest of the world [Member] | Other actuarial gains and losses [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		8
Plan assets changes of the year		0
Net liability asset changes of the year		8		2		(15)
Rest of the world [Member] | Benefit payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(14)
Plan assets changes of the year		(12)
Net liability asset changes of the year		(1)		(1)		(1)
Rest of the world [Member] | Settlements payments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(75)
Plan assets changes of the year		(74)
Net liability asset changes of the year		(1)		0		0
Rest of the world [Member] | Business combinations [member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		(1)
Plan assets changes of the year		0
Net liability asset changes of the year		(1)		0		(2)
Rest of the world [Member] | Effect on changes in foreign exchange rates [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		4
Plan assets changes of the year		3
Net liability asset changes of the year		1		(3)		1
Rest of the world [Member] | Conversions to defined contributions [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		0		0
Rest of the world [Member] | Other effects Post employment commitments [Member]
Post employment commitments [Line Items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		€ 0		€ 0		€ 0
[1] (1) Including gains and losses arising from settlements. (1) Includes gains and losses from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". (2) Excludes interest which is reflected in the line item “Interest income and expense”.

Note 25 Medical benefits commit

Note 25 Medical benefits commitments (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Medical benefits commitments [Line Items]
Medical benefits commitments		€ 1,448	€ 1,377
Medical benefits commitments		1,728	1,448	€ 1,377
Present value of defined benefit obligation [member]
Medical benefits commitments [Line Items]
Medical benefits commitments		1,448	1,377	1,562
Medical benefits commitments		1,728	1,448	1,377
Present value of defined benefit obligation [member] | Current service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		20	19	24
Present value of defined benefit obligation [member] | Interest income or expense [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		167	144	131
Present value of defined benefit obligation [member] | Contributions by plan participants [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Present value of defined benefit obligation [member] | Employer contributions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Present value of defined benefit obligation [member] | Past service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[1]	0	28	(5)
Present value of defined benefit obligation [member] | Remeasurements [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(5)	(215)	(377)
Present value of defined benefit obligation [member] | Return of plan assets [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[2]	0	0	0
Present value of defined benefit obligation [member] | From changes in demographic assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(70)	0	(115)
Present value of defined benefit obligation [member] | From changes in financial assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		56	(191)	(257)
Present value of defined benefit obligation [member] | Other actuarial gains and losses [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		8	(23)	(4)
Present value of defined benefit obligation [member] | Benefit payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(70)	(60)	(49)
Present value of defined benefit obligation [member] | Settlements payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Present value of defined benefit obligation [member] | Business combinations [member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Present value of defined benefit obligation [member] | Effect on changes in foreign exchange rates [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		168	155	90
Present value of defined benefit obligation [member] | Other effects Post employment commitments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member]
Medical benefits commitments [Line Items]
Medical benefits commitments		1,476	1,494	1,484
Medical benefits commitments		1,744	1,476	1,494
Plan assets [member] | Current service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Interest income or expense [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		165	157	129
Plan assets [member] | Contributions by plan participants [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Employer contributions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		17	0	1
Plan assets [member] | Past service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[1]	0	0	0
Plan assets [member] | Remeasurements [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(17)	(144)	(119)
Plan assets [member] | Return of plan assets [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[2]	(17)	(144)	(119)
Plan assets [member] | From changes in demographic assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | From changes in financial assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Other actuarial gains and losses [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Benefit payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(70)	(60)	(48)
Plan assets [member] | Settlements payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Business combinations [member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	(139)	(39)
Plan assets [member] | Effect on changes in foreign exchange rates [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		173	167	86
Plan assets [member] | Other effects Post employment commitments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Net liability asset [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments		(28)	(116)	77
Medical benefits commitments		(16)	(28)	(116)
Net liability asset [Member] | Current service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		20	19	24
Net liability asset [Member] | Interest income or expense [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		2	(14)	2
Net liability asset [Member] | Contributions by plan participants [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Net liability asset [Member] | Employer contributions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(17)	0	(1)
Net liability asset [Member] | Past service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[1]	0	28	(5)
Net liability asset [Member] | Remeasurements [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		12	(71)	(257)
Net liability asset [Member] | Return of plan assets [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[2]	17	144	119
Net liability asset [Member] | From changes in demographic assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(70)	0	(115)
Net liability asset [Member] | From changes in financial assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		56	(191)	(257)
Net liability asset [Member] | Other actuarial gains and losses [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		8	(23)	(4)
Net liability asset [Member] | Benefit payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Net liability asset [Member] | Settlements payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Net liability asset [Member] | Business combinations [member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	139	39
Net liability asset [Member] | Effect on changes in foreign exchange rates [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(5)	(11)	4
Net liability asset [Member] | Other effects Post employment commitments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		€ 0	€ 0	€ 0
[1] (1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".

Note 25 Estimated benefit payme

Note 25 Estimated benefit payments (Details) € in Millions	Dec. 31, 2023 EUR (€)
Not later than one year [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	€ 699
Not later than one year [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	477
Not later than one year [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	206
Not later than one year [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	17
Later than one year and not later than two years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	557
Later than one year and not later than two years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	325
Later than one year and not later than two years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	216
Later than one year and not later than two years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	16
Later than two years and not later than three years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	524
Later than two years and not later than three years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	279
Later than two years and not later than three years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	226
Later than two years and not later than three years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	19
Later than three years and not later than four years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	500
Later than three years and not later than four years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	242
Later than three years and not later than four years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	236
Later than three years and not later than four years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	22
Later than four years and not later than five years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	484
Later than four years and not later than five years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	210
Later than four years and not later than five years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	246
Later than four years and not later than five years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	27
Later than five years and not later than ten years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	2,378
Later than five years and not later than ten years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	697
Later than five years and not later than ten years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	1,409
Later than five years and not later than ten years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	€ 272

Note 25 Plan assets breakdown (

Note 25 Plan assets breakdown (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash or cash equivalents plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	€ 86	€ 169	€ 24
Debt securities government bonds plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	2,818	2,270	2,394
Investment funds [member]
Plan assets breakdown [Line Items]
Assets of benefit plan	0	0	1
6189 Asset, Backed Securities [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	0	0	0
Structured debt [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	0	0	0
Insurance contracts plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	21	183	148
Total plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	2,924	2,622	2,566
Of which bank account in BBVA plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	23	7	3
Of which debt securities issued by BBVA plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	0	0	0
Of which property occupied by BBVA plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	€ 0	€ 0	€ 0

Note 25 Investments in listed m

Note 25 Investments in listed markets (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash or cash equivalents in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	€ 86	€ 169	€ 24
Debt securities government bonds in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	2,818	2,270	2,394
Investment funds [member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	0	0	1
Total investments in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	2,904	2,439	2,418
Of which bank account in BBVA in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	23	7	3
Of which debt securities issued by BBVA in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	0	0	0
Of which property occupied by BBVA in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	€ 0	€ 0	€ 0

Note 28 Retained Earnings And O

Note 28 Retained Earnings And Other Reserves (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Disclosure of Retained earnings and other reserves [Line Items]
Statutory reserve	€ 572	€ 591		€ 653
Restricted reserves	561	482		761
Voluntary reserves	5,478	3,906		3,994
Total reserves holding company	6,612	4,979		5,409
Consolidation reserves attributed to the bank and subsidiary consolidated companies	31,639	30,077		24,575
Total retained earnings revaluation reserves and other reserves	€ 38,251	€ 35,056		€ 29,984
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 28 Restricted reserves bre

Note 28 Restricted reserves breakdown by concepts (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted reserves breakdown by concepts [Line Items]
Restricted reserve for retired capital	€ 495	€ 400	€ 88
Restricted reserve for parent company shares and loans for those shares	65	80	672
Restricted reserve for redenomination of capital in euros	2	2	2
Total restricted reserves	€ 561	€ 482	€ 761

Note 28 Retained earnings, reva

Note 28 Retained earnings, revaluation reserves and other reserves breakdown by company or corporate group (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves	[1]	€ 38,488	€ 35,277		€ 30,231
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(237)	(221)		(247)
Total retained earnings revaluation reserves and other reserves breakdown by company		38,251	35,057		29,984
Holding company [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		15,672	14,003		12,467
BBVA Bancomer group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		15,705	14,042		13,894
Garanti BBVA group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		5,857	5,703		3,043
BBVA Banco Provincial group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,758	1,720		1,721
BBVA Argentine group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,474	1,456		1,423
BBVA Colombia group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,573	1,489		1,393
BBVA Peru group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,158	1,065		1,031
Forum Chile Group
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		652	632		604
BBVA Uruguay Group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		139	118		106
BBV America SL [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		374	299		270
Corporacion General Financiera SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		368	338		322
BBVA Seguros SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		306	284		239
Bilbao Vizcaya Holding SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		198	144		68
BBVA Axial Tech S.A. de C.V.
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		87	85		78
Pecri Inversion SL [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(17)	119		118
Anida Operaciones Singulares SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(5,497)	(5,529)		(5,512)
Other Real State Spanish Companies
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves	[3]	(1,164)	(909)		(934)
Other retained earnings losses and revaluation reserves [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(155)	217		(101)
ATOM Bank PLC [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(181)	(169)		(158)
Metrovacesa SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(84)	(84)		(84)
Other reserves or accumulated losses of investments in joint ventures and associates [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		€ 28	€ 32		€ (5)
[1] (3) In 2021 includes the accounting for shares pending from buyback program (see Note 4) and the reclassification of items not subject to reclassification to income statement to by results for "Actuarial gains (losses) in defined benefit pension plans". (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Includes balances corresponding to Sociedades inmobiliarias CX, Anida Grupo Inmobiliario and Sociedades inmobiliarias Unnim.

Note 29 Treasury shares (Detail

Note 29 Treasury shares (Details) - EUR (€)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Components of equity treasury stock [Line Items]
Treasury shares	€ 29,000,000	[1]	€ 647,000,000		€ 46,000,000
Number of treasury shares	5,485,414		127,633,399		14,352,832
Average purchases in euros	€ 7.18		€ 4.96		€ 5.02
Average selling price in Euros	7.14		4.99		4.89
Net gains or losses on transactions	1,000,000		9,000,000		17,000,000
Treasury shares	€ 34,000,000		€ 29,000,000	[1]	€ 647,000,000
Number of treasury shares	4,386,625		5,485,414		127,633,399
Treasury shares changes over the year [Line Items]
Number of purchases of treasury shares	€ 301,882,728		€ 598,457,024		€ 203,530,570
Purchases of treasury shares in millions of euros	2,166,000,000		2,966,000,000		1,022,000,000
Number of sales and other changes in treasury shares	(302,981,517)		(720,605,009)		(90,250,003)
Sales and other changes in treasury shares in millions of euros	(2,161,000,000)		(3,583,000,000)		(417,000,000)
+/- Number of derivatives on BBVA treasury shares	0		0		0
+/- Derivatives on BBVA treasury shares in millions of euros	0		0		(4,000,000)
+/- Number of other changes	0		0		0
+/- Other changes in millions of euros	0		0		0
Millions of euros [Member]
Components of equity treasury stock [Line Items]
Average purchases in euros	0		0		0
Average selling price in Euros	0		0		0
Held by BBVA [Member]
Components of equity treasury stock [Line Items]
Treasury shares	€ 3,000,000		€ 574,000,000
Number of treasury shares	0		112,733,730
Treasury shares	€ 3,000,000		€ 3,000,000		€ 574,000,000
Number of treasury shares	0		0		112,733,730
Held by Corporación General Financiera S.A. [Member]
Components of equity treasury stock [Line Items]
Treasury shares	€ 26,000,000		€ 72,000,000
Number of treasury shares	5,454,516		14,899,669
Treasury shares	€ 31,000,000		€ 26,000,000		€ 72,000,000
Number of treasury shares	4,354,004		5,454,516		14,899,669
Held by other subsidiaries [Member]
Components of equity treasury stock [Line Items]
Treasury shares	€ 0		€ 0
Number of treasury shares	30,898		0
Treasury shares	€ 0		€ 0		€ 0
Number of treasury shares	32,621		30,898		0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 29 Treasury Stock (Details

Note 29 Treasury Stock (Details)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Bottom of range [member]
Treasury stock [Line Items]
Percentage treasury stock	0.038%	0.078%	0.108%
Top of range [member]
Treasury stock [Line Items]
Percentage treasury stock	2.214%	7.492%	1.922%
Closing range [Member]
Treasury stock [Line Items]
Percentage treasury stock	0.075%	0.094%	1.914%

Note 29 Shares of BBVA accepted

Note 29 Shares of BBVA accepted in pledge (Details) - EUR (€)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares of BBVA accepted in pledge [Line Items]
Number of shares in pledge	17,492,194	23,437,363	29,372,853
Nominal value of shares of BBVA accepted in pledge	€ 0.49	€ 0.49	€ 0.49
Percentage of share capital of shares of BBVA accepted in pledge	0.29%	0.39%	0.44%

Note 29 Shares of BBVA owned by

Note 29 Shares of BBVA owned by third parties but managed by the Group (Details) - EUR (€)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares of BBVA owned by third parties but managed by the group [Line Items]
Number of shares owned by third parties	13,258,994	18,686,027	17,645,506
Nominal value of shares of BBVA owned by third parties but managed by the group	€ 0.49	€ 0.49	€ 0.49
Percentage of share capital of shares of BBVA owned by third parties but managed by the group	0.23%	0.31%	0.26%

Note 30 Accumulated Other Compr

Note 30 Accumulated Other Comprehensive Income Classified By Concepts (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021		Dec. 31, 2020
Accumulated other comprehensive income classified by concepts [Line Items]
Other comprehensive income that will not be reclassified to profit or loss, net of tax	€ (2,105)	€ (1,881)		€ (2,075)
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss	(1,049)	(760)		(998)
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	(1,112)	(1,194)	[2]	(1,079)	[2]	€ (1,256)
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk	55	72		2
Other comprehensive income that will be reclassified to profit or loss, net of tax	(14,148)	(15,760)		(14,401)
Foreign currency translation	(2,498)	(1,408)		(146)
Foreign currency translation	(11,419)	(13,078)		(14,988)
Hedging derivatives. Cash flow hedges effective portion	133	(447)		(533)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	(357)	(809)		1,274	[2]	€ 2,069
Share of other recognized income and expense of investments in joint ventures and associates that may be reclassified to profit or loss	(8)	(18)		(9)
Accumulated other comprehensive income	(16,254)	(17,642)	[3]	(16,476)
Mexico, Pesos
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(3,147)	(1,751)		(681)
Foreign currency translation	(640)	(2,791)		(4,503)
Turkey, New Lira
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	670	358		555
Foreign currency translation	(6,908)	(6,599)		(6,607)
Argentina, Pesos
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(1,296)	(868)		(1,024)
Venezuela bolivar [Member]
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(1,865)	(1,850)		(1,858)
Other exchanges [Member]
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(21)	(15)		(19)
Foreign currency translation	€ (711)	€ (969)		€ (995)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 31 Non Controlling Interes

Note 31 Non Controlling Interest Classified By Concept (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		€ 3,564	€ 3,623	[2]	€ 4,853
BBVA Garanti [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	[3]	1,129	1,179		2,851
Peru BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		1,586	1,469		1,212
Argentina BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		544	687		557
Colombia BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		82	73		76
Venezuela BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		108	95		70
Other entities BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests		€ 115	€ 119		€ 87
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Note 3).

Note 31 Profit Attributable to

Note 31 Profit Attributable to Non Controlling Interests (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		€ (397)	€ (405)		€ (965)
BBVA Garanti [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	[2]	95	28		758
Peru BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		236	236		143
Argentina BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		59	83		26
Colombia BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		(16)	5		9
Venezuela BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		24	22		3
Other entities BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests		€ (1)	€ 32		€ 25
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) The change corresponds mainly to the IAS 29 "Financial Reporting in Hyperinflationary Economies" implementation and the voluntary takeover bid for the entire share capital of Garanti BBVA completed on May 18, 2022 (see Notes 2.2.18 and 3).

Note 32 Eligible capital resour

Note 32 Eligible capital resources (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	Dec. 31, 2020
Eligible capital resources [Line Items]
Issued capital		€ 2,861	€ 2,955		€ 3,267
Share premium		19,769	20,856		23,599
Retained earnings revaluation reserves and other reserves eligible capital resources		38,251	35,056		29,984
Other equity interest		40	63		60
Treasury shares		(34)	(29)		(647)	€ (46)
Profits or losses attributable to owners of the parent		8,019	6,358		4,653
Interim dividends		(951)	(722)		(532)
Shareholders funds eligible capital resources		67,955	64,535		60,384
Accumulated other comprehensive income		(16,254)	(17,642)	[2]	(16,476)
Non-controlling interests		3,564	3,623	[3]	4,853
Adjusted initial balance		55,265	50,517		48,760
Goodwill and other intangible assets eligible capital resources		(1,421)	(1,395)		(1,484)
Differences from solvency and accounting perimeter eligible capital resources		(137)	(123)		(130)
Equity not eligible at solvency level eligible capital resources		(137)	(123)		(130)
Other adjustments and deductions eligible capital resources	[4]	(7,591)	(6,262)		(7,197)
Common equity tier 1 CET 1 eligible capital resources		46,116	42,738		39,949
Additional tier 1 before regulatory adjustments eligible capital resources		6,033	5,193		5,737
Total regulatory adjustments to additional tier 1 eligible capital resources		0	0		0
Tier 1 eligible capital resources		52,150	47,931		45,686
Tier 2 eligible capital resources		8,182	5,930		7,383
Total capital tier 1 tier 2 eligible capital resources		60,332	53,861		53,069
Total minimum equity required eligible capital resources		€ 47,455	€ 43,111		€ 39,275
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) Other adjustments and deductions includes, among others, the adjustment of non-eligible minority interests, the amount of repurchase of own shares up to the maximum limit authorized by the ECB for the BBVA Group in 2021 (see Note 4) and the amount of shareholders remuneration pending to be distributed.

Note 32 Amount of capital CC1 (

Note 32 Amount of capital CC1 (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Amount of capital CC1 [Line Items]
Total Tier 1		€ 52,150	€ 47,931		€ 45,686
Total capital tier 2		8,182	5,930		7,383
Total capital tier 1 tier 2		60,332	53,861		53,069
Total RWA		363,915	337,066		307,795
Capital and share premium [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		22,629	23,810		26,866
Retained earnings and equity instruments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		34,889	31,436		30,745
Other accumulated income and other reserves [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(12,872)	(13,952)		(17,200)
Minority interests [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		1,864	1,853		2,800
Net interim attributable profit [Member]
Amount of capital CC1 [Line Items]
Total Tier 1	[2]	4,759	3,814		2,573
Common equity tier 1 CET1 before oter regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		51,269	46,962		45,784
Intangible assets and goodwill [member]
Amount of capital CC1 [Line Items]
Total Tier 1		(1,421)	(1,395)		(1,484)
Direct and indirect holdings in own common equity tier 1 instruments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1	[3]	(331)	(356)		(2,800)
Deferred tax assets [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(988)	(1,057)		(1,009)
Other deductions and filters [Member]
Amount of capital CC1 [Line Items]
Total Tier 1	[4]	(2,412)	(1,416)		(542)
Total common equity tier 1 regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(5,153)	(4,223)		(5,835)
Common equity TIER 1 CET1 [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		46,116	42,738		39,949
Capital instruments and share premium accounts classified as liabilities and qualifying as additional tier 1 [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		5,715	4,875		5,265
Qualifying tier 1 capital included in consolidated AT1 capital issued by subsidiaries and held by third parties [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		319	318		472
Additional tier 1 (CET 1) before regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		6,033	5,193		5,737
Transitional CET1 adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		0	0		0
Total regulatory adjustments to additional tier 1 [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		0	0		0
Additional tier 1 AT1 [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		6,033	5,193		5,737
Capital instruments and share premium accounted as tier 2 [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		5,214	3,510		4,324
Qualifying tier 2 capital included in consolidated T2 capital issued by subsidiaries and held by third parties [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		2,890	2,310		2,516
Credit risk adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		88	213		722
Tier 2 before regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		8,192	6,033		7,562
Tier 2 regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		€ (10)	€ (103)		€ (179)
CET 1 phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		12.67%	12.68%		12.98%
Tier 1 phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		14.33%	14.22%		14.84%
Total capital phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		16.58%	15.98%		17.24%
[1](1) In 2022 and 2021, the difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment[2] (2) The shareholder remuneration for each year corresponding to the cash dividend already paid is deducted. Likewise, for fiscal year 2023, the cash dividend pending distribution in accordance with the entity's dividend policy is deducted. Such dividend is subject to its approval at the 2024 General Shareholders' Meeting.

Note 32 Leverage Ratio (Details

Note 32 Leverage Ratio (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leverage ratio [Line Items]
Tier 1	€ 52,150	€ 47,931	€ 45,686
Exposure to leverage ratio	€ 797,888	€ 737,990	€ 671,789
Leverage ratio	6.54%	6.49%	6.80%

Note 33 Commitments and guarant

Note 33 Commitments and guarantees given (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		€ 152,868	€ 136,920	€ 119,618
Financial guarantees given Memorandum		18,839	16,511	11,720
Memorandum other commitments given		42,577	39,137	34,604
Total Loan commitments and financial guarantees		214,283	192,568	165,941
Defaulted [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		165	177	171
Financial guarantees given Memorandum	[1]	229	281	245
Memorandum other commitments given	[1]	636	689	541
Central banks [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		0	0	0
Financial guarantees given Memorandum		0	0	0
Memorandum other commitments given		0	0	2
Government [member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		3,115	3,031	3,483
Financial guarantees given Memorandum		74	96	162
Memorandum other commitments given		327	215	212
Banks [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		15,595	15,407	16,085
Financial guarantees given Memorandum		978	475	312
Memorandum other commitments given		3,607	4,134	4,266
Other financial corporations [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		7,063	5,895	4,583
Financial guarantees given Memorandum		2,177	1,263	1,026
Memorandum other commitments given		1,837	1,758	1,753
Non financial corporations [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		71,303	68,120	59,475
Financial guarantees given Memorandum		15,460	14,541	10,039
Memorandum other commitments given		36,681	32,858	28,224
Households [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		55,791	44,467	35,991
Financial guarantees given Memorandum		150	135	181
Memorandum other commitments given		€ 125	€ 171	€ 147
[1](1) Non-performing financial guarantees given amounted to €865, €970, and €786 million, respectively, as of December 31, 2023, 2022 and 2021.

Note 36 Transactions on behalf

Note 36 Transactions on behalf of third parties breakdown by concepts (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Transactions on behalf of third parties [Line Items]
Financial instruments entrusted by third parties	€ 430,377	€ 352,139	€ 356,985
Conditional bills and other securities received for collection	12,125	11,738	10,795
Securities lending on behalf of third parties	6,397	3,223	2,605
Total transactions on behalf of third parties	€ 448,899	€ 367,100	€ 370,385

Note 37 Interest income breakdo

Note 37 Interest income breakdown by origin (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income by origin [Line Items]
Interest income on financial assets held for trading		€ 4,984	€ 2,079	€ 1,084
Financial Assets At Fair Value Through Other Comprehensive Income Interest And Other Income		3,098	3,110	1,880
Financial Assets At Amortized Cost Interest And Other Income		38,328	25,258	18,364
Interest Income For Insurance Activity		1,052	1,309	1,084
Interest Income For Adjustment Interest On Accounting Coverage		91	(825)	(84)
Interest Income On Other Income	[1]	297	501	686
Interest income		€ 47,850	€ 31,432	€ 23,015
[1](1) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million and €384 million for the years ended December 31, 2022 and 2021, respectively (see Note 22.1)

Note 37 Interest expense breakd

Note 37 Interest expense breakdown by origin (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Interest expense by origin [Line Items]
Interest expense on financial liabilities held for trading		€ 3,834	€ 1,140		€ 1,339
Interest expense on financial liabilities designated at fair value through profit or loss		130	58		52
Interest Expense For Financial Liabilities Measured At Amortised Cost		19,164	9,985		6,130
Interest Expense For Adjustment Interest On Accounting Coverage		809	(232)		(360)
Interest Expense For Insurance Activity	[2]	633	948		773
Interest Expense On Chargeable Cost To Pension Funds		110	76		52
Other Interest Expense		80	333		342
Interest expense		€ 24,761	€ 12,309		€ 8,329
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 38 Dividend income breakdo

Note 38 Dividend income breakdown by headline (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividend Income Breakdown By Headline [Line Items]
Dividend income		€ 118	€ 123	€ 176
Financial assets at fair value through profit or loss, category [member]
Dividend Income Breakdown By Headline [Line Items]
Dividend income		11	15	64
Financial assets at fair value through other comprehensive income, category [member]
Dividend Income Breakdown By Headline [Line Items]
Dividend income	[1]	€ 107	€ 108	€ 112
[1] (1) This dividend income corresponds mainly to investments held at the end of the year.

Note 40 Fee and commission inco

Note 40 Fee and commission income (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Fee and commission income [Line Items]
Bills receivables	€ 24	€ 26		€ 23
Demand Account	300	424		425
Credit and Debit Cards	4,665	3,499		2,628
Checks	175	162		136
Transfers and other payment orders	862	812		664
Insurance product commissions	384	261		215
Loan commitments given fee and commission income	307	259		234
Other Commitments And Financial Guarantees Given	471	420		364
Portfolio and other management fee income	1,407	1,228		1,250
Brokerage fee income	345	266		267
Custody securities income	207	193		169
Other fee and commission income	751	711		622
Fee and commission income	€ 9,899	€ 8,260		€ 6,997
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 40 Fees and commission exp

Note 40 Fees and commission expense (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Fee and commission expense [Line Items]
Demand accounts	€ 6	€ 5		€ 5
Credit and debit cards expenses	2,337	1,884		1,427
Transfers and other payment orders expenses	156	132		120
Commissions for selling insurance	40	54		51
Custody securities	111	92		55
Other fee and commission expense	961	721		574
Fee and commission expense	€ 3,611	€ 2,888		€ 2,232
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 41 Gains Or Losses On Fina

Note 41 Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Heading On the Balance Sheet (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Heading On the Balance Sheet [Line Items]
Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss net	€ 76	€ 64	€ 134
Gains Losses On Derecognition Of Financial Assets At Amortized Cost	41	8	27
Gains Losses On Derecognition Of Other Financial Assets And Liabilities	35	56	106
Gains or losses on financial assets and liabilities held for trading net	1,352	562	341
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Held For Trading	0	0	0
Reclassification Of Financial Assets From Amortized Cost To Held For Trading	0	0	0
Reclassification Of Other Gains Losses To Held For Trading	1,352	562	341
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value	337	(67)	432
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	0	0	0
Reclassification Of Financial Assets From Amortized Cost To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	0	0	0
Reclassification Of Other Gains Losses To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	337	(67)	432
Gains or losses on financial assets and liabilities designated at fair value through profit or loss net	96	150	335
Gain (loss) on hedge ineffectiveness recognised in profit or loss	(17)	(45)	(214)
Subtotal gains or losses in financial assets and liabilities net	1,844	663	1,027
Foreign exchange gain (loss)	339	1,275	883
Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences	€ 2,183	€ 1,938	€ 1,910

Note 41 Gains Or Losses On Fi_2

Note 41 Gains Or Losses On Financial Assets And Liabilities And Exchange Differences Breakdown By Nature Of The Financial Instrument (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	€ 1,844	€ 663	€ 1,027
Debt securities [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	799	(2,266)	158
Equity investments [member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	669	(1,099)	2,059
Derivatives [member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	(812)	1,361	(1,866)
Loans and advances to customers [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	165	(241)	100
Customer deposits [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	(95)	274	55
Other [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	€ 1,118	€ 2,635	€ 522

Note 41 Derivatives hedge accou

Note 41 Derivatives hedge accounting (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	€ (812)	€ 1,361	€ (1,866)
Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(795)	1,406	(1,651)
Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(17)	(45)	(214)
Interest rate agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	427	522	73
Securities agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(402)	1,653	(1,500)
Credit derivative agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(56)	16	(255)
Foreign exchange agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(431)	(658)	40
Other agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(332)	(127)	(9)
Fair value hedges ineffectivenes [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(10)	(51)	(235)
Hedging derivative fair value ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(114)	(229)	90
Hedged item fair value ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	103	178	(325)
Cash flow hedges ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	€ (7)	€ 6	€ 21

Note 42 Other operating income

Note 42 Other operating income (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Other operating income [Line Items]
Financial income from non financial services	€ 347	€ 284	€ 301
Other operating income	272	244	360
Miscellaneous other operating income	€ 619	€ 528	€ 661

Note 42 Other operating expense

Note 42 Other operating expense (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of other operating expense [Line Items]
Change in inventories		€ 151	€ 134	€ 151
Contribution To Guaranteed Banks Deposits Funds		1,017	997	829
Hiperinflation Adjustments other operating expense	[1]	2,007	1,687	585
Other operating expense	[2]	867	620	475
Miscellaneous other operating expense		€ 4,042	€ 3,438	€ 2,041
[1] (1) For the year ended December 31, 2023 it includes €916 million related to Turkey and €1,062 million related to Argentina. For the year ended December 31, 2022, it includes €832 million related to Turkey and €822 million related to Argentina (see Note 2.2.18).

Note 43 Insurance And Reinsuran

Note 43 Insurance And Reinsurance Contracts In Income And Expense (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021	[3]
Insurance and reinsurance contracts in income and expense [Line Items]
Income arising from insurance contracts	[1]	€ 3,081	€ 2,622		€ 2,593
Expense arising from insurance contracts		(1,821)	(1,547)		(1,685)
Net income arising from insurance contracts		€ 1,261	€ 1,075		€ 908
[1] (3) In general the transitional approach for calculating the contractual service margin has been the fair value approach for long-term contracts and the full retrospective approach for short-term contracts (see Note 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (2) 2021 presented in accordance with IFRS 4.

Note 43 Income by type of insur

Note 43 Income by type of insurance product (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[1]
Income by type of insurance product [Line Items]
Income by type of insurance products	€ 1,261	€ 1,075		€ 908
Life insurance contracts [member]
Income by type of insurance product [Line Items]
Income by type of insurance products	617	649		622
Individual life insurance contracts [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	590	573		583
Group insurance life insurance contracts [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	27	76		39
Non-life insurance contracts [member]
Income by type of insurance product [Line Items]
Income by type of insurance products	643	426		286
Home insurance non life insurance contracts [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	0	0		0
Other non life insurance products [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	€ 643	€ 426		€ 286
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)

Note 44 Personnel Expenses Brea

Note 44 Personnel Expenses Breakdown (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Personnel expenses [Line Items]
Wages and salaries	€ 5,068	€ 4,310		€ 3,933
Social security contributions	834	708		668
Post-employment benefit expense, defined contribution plans	139	87		71
Post-employment benefit expense, defined benefit plans	49	42	[2]	49
Other employee expense	440	454		325
Employee benefits expense	€ 6,530	€ 5,601		€ 5,046
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 44 Administrative expenses

Note 44 Administrative expenses (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Disclosure of Other administrative expense [Line Items]
Technology and systems	€ 1,512	€ 1,391		€ 1,176
Communication expense	219	195		175
Advertising expense	349	266		207
Property Fixtures And Materials expense	520	440		380
Taxes Other Than Income Tax	451	370		347
Surveillance and security service expense	234	214		179
Other expenses	1,090	897		786
Other expense, by function	€ 4,375	€ 3,773		€ 3,249
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3).

Note 45 Depreciation And Amorti

Note 45 Depreciation And Amortisation Expense (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Depreciation [Line Items]
Depreciation and amortisation expense	€ 1,403	€ 1,328	€ 1,234
Tangible assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	867	818	740
For own use depreciable assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	547	501	437
Right of use assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	317	312	299
Investment property [member]
Depreciation [Line Items]
Depreciation and amortisation expense	3	5	3
Intanbile assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	€ 536	€ 510	€ 494

Note 46 Provisions or reversal

Note 46 Provisions or reversal of provisions (Details) - EUR (€) € in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Provisions or reversal of provisions [Line Items]
Pensions And Other Post Employment Defined Benefit Obligations Provisions		€ 31	€ (89)	€ 61
Commitments And Guarantees Given		76	87	8
Pending Legal Issues And Tax Litigation		171	210	135
Other provisions	[1]	95	84	814
Provisions or reversal of provisions		€ 373	€ 291	€ 1,018
[1] (1) In 2021, it includes a provision for the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Note 24).

Note 47 Impairment Or Reversal

Note 47 Impairment Or Reversal Of Impairment On Financial Assets Not Measured At Fair Value Through Profit Or Loss (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss [Line Items]
Impairment Financial Assets Measured At Fair Value Through Other Comprehensive Income	€ 42	€ 76	€ 17
Gains (losses) on financial assets at amortised cost	4,386	3,303	3,017
Gain on recovery of loans and advances previously written off	(369)	(390)	(423)
Impairment loss on financial assets	€ 4,428	€ 3,379	€ 3,034

Note 49 Impairment Or Reversal

Note 49 Impairment Or Reversal Of Impairment On Non Financial Assets (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Impairment Or Reversal Of Impairment On Non Financial Assets [Line Items]
Impairment tangible assets	[1]	€ 16	€ (53)	€ 161
Impairment loss recognised in profit or loss, intangible assets and goodwill		26	25	19
Impairment or reversal of impairment on other non financial assets		12	55	41
Impairment or reversal of impairment on non financial assets		€ 54	€ 27	€ 221
[1] (1) In 2021, it includes the impairment due to the closing of rented offices after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 17 and 24).

Note 50 Profit Or Loss From Non

Note 50 Profit Or Loss From Non Current Assets And Disposal Groups Classified As Held For Sale Not Qualifying As Discontinued Operations (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations [Line Items]
Net Gains Loss On Sales Of Real State		€ 64	€ 102	€ 39
Impairment Of Non Current Assets Held For Sale	[1]	(42)	(221)	(97)
Gains losses on sale of investments classified as non current assets held for sale		0	11	10
Gains losses on sale of equity instruments classified as non current assets held for sale		0	0	8
Gains (losses) from non current assets and disposal groups classified as held for sale not qualifying as discontinued operations		€ 22	€ (108)	€ (40)
[1]1) In 2022 it includes the closing of the transaction with Merlin Properties in which 100% of the shares of Tree Inversiones Inmobiliarias , SOCIMI, S.A. were acquired by the BBVA Group (see Note 17). In 2021, it included the impairment due to the closure of owned offices and the decommissioning of facilities after the agreement with the union representatives on the collective layoff procedure proposed for Banco Bilbao Vizcaya Argentaria, S.A. in Spain (see Notes 21 and 24).

Note 51 Liabilities from financ

Note 51 Liabilities from financing activities (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Financing activities liabilities [Line Items]
Debt instruments issued		€ 55,429	[1],[2]	€ 55,763		€ 61,780
Subordinated certificates	[3]	12,485		14,794		17,248
Debt instruments issued		68,707		55,429	[1],[2]	55,763
Subordinated certificates	[3]	15,832		12,485		14,794
Debt certificates [Member]
Financing activities liabilities [Line Items]
Cash flows liabilities from financing activities		13,283		(678)		(5,728)
Non-cash changes liabilities from financing activities		(5)		344		(289)
Debt certificates [Member] | Non-cash changes in liabilities from acquisition [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities		0		0		0
Debt certificates [Member] | Non-cash changes in liabilities from disposal [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities		0		0		0
Debt certificates [Member] | Non-cash changes from disposals by companies held for sale [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities		0		0		0
Debt certificates [Member] | Non-cash changes from foreign exchange movements [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities		(5)		344		(289)
Debt certificates [Member] | Non-cash changes in liabilities from fair value changes [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities		0		0		0
Subordinated liabilities [Member]
Financing activities liabilities [Line Items]
Cash flows liabilities from financing activities	[3]	3,388		(1,945)		(1,941)
Non-cash changes liabilities from financing activities	[3]	(40)		(364)		(513)
Subordinated liabilities [Member] | Non-cash changes in liabilities from acquisition [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[3]	0		0		0
Subordinated liabilities [Member] | Non-cash changes in liabilities from disposal [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[3]	0		0		(772)
Subordinated liabilities [Member] | Non-cash changes from disposals by companies held for sale [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[3]	0		0		0
Subordinated liabilities [Member] | Non-cash changes from foreign exchange movements [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[3]	(40)		(364)		259
Subordinated liabilities [Member] | Non-cash changes in liabilities from fair value changes [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[3]	€ 0		€ 0		€ 0
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3)[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Notes 1.3 and 2.3). (1) There were €35, €24 and €14 million of subordinated deposits as of December 31, 2023, 2022 and 2021, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €345, €313 and €359 million in 2023, 2022 and 2021, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.

Note 52 Fees for audits conduct

Note 52 Fees for audits conducted and other related services (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Fees for audits conducted and other related services [Line Items]
Audits of the companies audited by firms belonging to the EY worldwide organization and other reports related with the audit	[1],[2]	€ 28.5	€ 24.8
Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the group operates reviewed by firms belonging to EY	[2]	1.4	1
Fees for audits conducted by other firms	[2]	€ 0.1	€ 0.1
[1](2) Including fees pertaining to annual legal audits (€23.3 million as of December 31, 2023)[2] (1) Regardless of the billed year.

Note 52 Other services rendered

Note 52 Other services rendered (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other services rendered [Line Items]
Firms belonging to the EY worldwide organization	€ 0.2	€ 0.1

Note 52 Fees for audits condu_2

Note 52 Fees for audits conducted (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Fees for audits conducted [Line Items]
Legal audit of bbva sa or its companies under control	[1]	€ 7.9	€ 7.6
Other audit services of bbva sa or its companies under control	[1]	5.4	5.2
Limited review of bbva sa or its companies under control	[1]	1.9	1.4
Reports related to issuances	[1]	1	0.4
Assurance services and other required by the regulator	[1]	€ 0.8	€ 0.8
[1] (1) Services provided by Ernst & Young, S.L. to companies located in Spain, to the branch of BBVA in New York and to the branch of BBVA in London.

Note 53 Balances Arising From T

Note 53 Balances Arising From Transactions With Entities Of The Group Explanatory (Details) - EUR (€) € in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets [member]
Disclosure of transactions between related parties [line items]
Loans and advances to banks	€ 5	€ 9	€ 9
Loans and advances to customers	791	1,842	2,031
Debt securities arising from transactions with entities of the Group	4	7	7
Liabilities [member]
Disclosure of transactions between related parties [line items]
Deposits from credit institutions	0	1	1
Deposits from customers	134	204	296
Memorandum accounts [Member]
Disclosure of transactions between related parties [line items]
Financial Guarantees Given Related Party Transactions	177	136	154
Other Commitments Given Related Party Transactions	595	751	1,056
Loan commitments given related party transactions	€ 119	€ 10	€ 11

Note 53 Balance of income state

Note 53 Balance of income statement arising from transactions with entities of the group (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Profit and loss related party transactions [Line Items]
Interest Income And Other Similar Interests Related Party Transactions	€ 44	€ 20	€ 16
Interest Expense Related Party Transactions	4	2	0
Fee and commission income related parties transactions	4	5	8
Fee And Commission Expense Related Party Transactions	€ 49	€ 40	€ 31

Note 53 Transactions with membe

Note 53 Transactions with members of the board of directors and senior management balance at 31st december (Details) - EUR (€) € in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Director [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties		€ 531	€ 668	€ 765
Bank guarantees to related parties		0	0	0
Business credit to related parties		0	0	0
Related parties [member]
Nature of the transactions [Line Items]
Loans and credits to related parties		243	1,880	207
Bank guarantees to related parties		0	0	0
Business credit to related parties		0	0	0
Senior management [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties	[1]	5,553	6,321	5,419
Bank guarantees to related parties	[1]	10	10	10
Business credit to related parties	[1]	0	0	0
Related parties of senior management [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties		727	764	573
Bank guarantees to related parties		0	0	0
Business credit to related parties		€ 0	€ 0	€ 0
[1] (1) Excluding executive directors

Note 54 Remuneration For Non Ex

Note 54 Remuneration For Non Executive Directors Explanatory (Details) - EUR (€) € in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	€ 4,350	€ 4,257
José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	593	527
Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	502	567
Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	223	0
Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	461	332
Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	416	349
Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	173	107
Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	238	238
José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	342	342
Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	238	238
Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	361	458
Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	307	264
Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	112	449
Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	172	172
Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	214	€ 214
Board of Directors Chairman [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	1,684
Board of Directors Chairman [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	107
Board of Directors Chairman [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Board of Directors Chairman [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	32
Board of Directors Chairman [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	129
Board of Directors Chairman [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Executieve Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	653
Executieve Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executieve Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executieve Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Executieve Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	111
Executieve Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executieve Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executieve Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	42
Executieve Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Executieve Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Audit And Compliance Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	475
Audit And Compliance Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	132
Audit And Compliance Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	99
Audit And Compliance Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	44
Audit And Compliance Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Audit And Compliance Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	22
Audit And Compliance Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	44
Audit And Compliance Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	66
Audit And Compliance Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Audit And Compliance Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	66
Audit And Compliance Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Audit And Compliance Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Audit And Compliance Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	0
Audit And Compliance Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Audit And Compliance Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	633
Risk Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	107
Risk Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	71
Risk Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	178
Risk Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Risk Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	143
Risk Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	107
Risk Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	27
Risk Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Risk Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	307
Remuneration Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Remuneration Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	107
Remuneration Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Remuneration Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Remuneration Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Remuneration Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	29
Remuneration Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	0
Remuneration Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	43
Remuneration Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Appointments Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	297
Appointments Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	115
Appointments Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Appointments Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	31
Appointments Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	46
Appointments Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	46
Appointments Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	46
Appointments Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	12
Appointments Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Appointments Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	171
Technology And Cybersecurity Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Technology And Cybersecurity Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Technology And Cybersecurity Committee [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Technology And Cybersecurity Committee [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Technology And Cybersecurity Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Technology And Cybersecurity Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	0
Technology And Cybersecurity Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Technology And Cybersecurity Committee [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	43
Other positions [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	130
Other positions [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	50
Other positions [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2],[5]	0
Other positions [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	80
Other positions [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Other positions [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3],[5]	0
Other positions [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4],[5]	0
Other positions [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	€ 0
[1](1) Includes amounts corresponding to positions on the Board and its various Committees, the composition of which was modified on April 26, 2023, with effect from May 1, 2023[2] (3) Director appointed by the Annual General Shareholders’ Meeting held on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year. (4) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term of office in such financial year.

Note 54 Theoretical shares (Det

Note 54 Theoretical shares (Details) - shares		Dec. 31, 2023	Dec. 31, 2022
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	129,471	150,608
Theoretical shares accumulated as of December 31		849,685	911,637
José Miguel Andrés Torrecillas [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	16,023	19,253
Theoretical shares accumulated as of December 31		134,048	118,025
Jaime Félix Caruana Lacorte [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	17,255	20,733
Theoretical shares accumulated as of December 31		94,960	77,705
Sonia Dulá [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[2]	0
Theoretical shares accumulated as of December 31	[2]	0
Raúl Galamba [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	10,091	10,177
Theoretical shares accumulated as of December 31		29,768	19,677
Belén Garijo López [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	10,603	12,741
Theoretical shares accumulated as of December 31		101,192	90,589
Connie Hedegaard [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[3]	3,263	0
Theoretical shares accumulated as of December 31	[3]	3,263	0
Lourdes Maiz Carro [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	7,237	8,696
Theoretical shares accumulated as of December 31		71,593	64,356
José Maldonado Ramos [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	10,397	12,493
Theoretical shares accumulated as of December 31		146,874	136,477
Ana Peralta Moreno [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	7,237	8,696
Theoretical shares accumulated as of December 31		42,329	35,092
Juan Pi Llorens [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	13,943	18,703
Theoretical shares accumulated as of December 31		148,542	134,599
Ana Revenga Shanklin [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	8,035	8,611
Theoretical shares accumulated as of December 31		24,214	16,179
Susana Rodriguez Vidarte [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[4]	13,648	16,400
Theoretical shares accumulated as of December 31	[4]	0	177,775
Carlos Salazar Lomelín [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	5,218	6,270
Theoretical shares accumulated as of December 31		17,130	11,912
Jan Verplancke [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	6,521	7,835
Theoretical shares accumulated as of December 31		35,772	29,251
[1] (1) The number of theoretical shares was calculated according to the average closing price of the BBVA share during the 60 trading sessions prior to the dates of the Annual General Shareholders’ Meetings of March 17, 2023 and March 18, 2022, which were €6.58 and €5.47 per share, respectively. (2) Director appointed by the Annual General Shareholders'’ Meeting held on March 17, 2023, therefore the allocation of theoretical shares is not due until 2024. (3) Director appointed by the Annual General Shareholders’ Meeting held on March 18, 2022, therefore the first allocation of theoretical shares was made in 2023.

Note 54 Annual fixed remunerati

Note 54 Annual fixed remuneration (Details) - EUR (€) € in Thousands	Dec. 31, 2023	Dec. 31, 2022
Annual fixed remuneration [Line Items]
Annual fixed remuneration	€ 5,103	€ 5,103
Board of Directors Chairman [Member]
Annual fixed remuneration [Line Items]
Annual fixed remuneration	2,924	2,924
Chief Executive Officer [Member]
Annual fixed remuneration [Line Items]
Annual fixed remuneration	€ 2,179	€ 2,179

Note 54 Annual variable remuner

Note 54 Annual variable remuneration (AVR) (Details) - EUR (€) € in Thousands	Dec. 31, 2023	[1]	Dec. 31, 2022	[2]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 1,568		€ 1,639
Annual variable remuneration BBVA directors in shares	188,485		279,815
Board of Directors Chairman [Member]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 897		€ 926
Annual variable remuneration BBVA directors in shares	107,835		158,169
Chief Executive Officer [Member]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 671		€ 712
Annual variable remuneration BBVA directors in shares	80,650		121,646
[1] (1) The Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares and/or share-linked instruments) over a five-year period. The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the executive directors established in the BBVA Directors’ Remuneration Policy approved by the Annual General Shareholders' Meeting on March 17, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments ; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders' Meeting held in 2023. (2) 40% of the AVR for financial year 2022 that was paid in 2023. AVR for financial year 2022 is subject to the rules on deferral, vesting and payment and to the remaining conditions established in the BBVA Directors' Remuneration Policy approved by the Annual General Shareholders' Meeting of April 20, 2021.

Nota 54 Deferred annual variabl

Nota 54 Deferred annual variable remuneration from previous financial years (Details) - EUR (€) € in Thousands	Dec. 31, 2023	[1]	Dec. 31, 2022	[2]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 1,263		€ 1,635
Deferred annual variable remuneration BBVA directors in shares	323,793		423,729
Board of Directors Chairman [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 760		€ 1,011
Deferred annual variable remuneration BBVA directors in shares	195,590		257,605
Board of Directors Chairman [Member] | 2022 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 229		€ 0
Deferred annual variable remuneration BBVA directors in shares	56,941		0
Board of Directors Chairman [Member] | 2021 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 222		€ 215
Deferred annual variable remuneration BBVA directors in shares	57,325		57,325
Board of Directors Chairman [Member] | 2020 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 0
Deferred annual variable remuneration BBVA directors in shares	0		0
Board of Directors Chairman [Member] | 2019 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 176		€ 513
Deferred annual variable remuneration BBVA directors in shares	45,529		136,587
Board of Directors Chairman [Member] | 2018 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 132		€ 128
Deferred annual variable remuneration BBVA directors in shares	35,795		35,795
Board of Directors Chairman [Member] | 2017 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 154
Deferred annual variable remuneration BBVA directors in shares	0		27,898
Chief Executive Officer [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 503		€ 624
Deferred annual variable remuneration BBVA directors in shares	128,203		166,124
Chief Executive Officer [Member] | 2022 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 176		€ 0
Deferred annual variable remuneration BBVA directors in shares	43,793		0
Chief Executive Officer [Member] | 2021 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 169		€ 164
Deferred annual variable remuneration BBVA directors in shares	43,552		43,552
Chief Executive Officer [Member] | 2020 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 0
Deferred annual variable remuneration BBVA directors in shares	0		0
Chief Executive Officer [Member] | 2019 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 158		€ 460
Deferred annual variable remuneration BBVA directors in shares	40,858		122,572
Chief Executive Officer [Member] | 2018 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 0
Deferred annual variable remuneration BBVA directors in shares	0		0
Chief Executive Officer [Member] | 2017 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 0
Deferred annual variable remuneration BBVA directors in shares	0		0
[1] (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the Chair and/or the Chief Executive Officer will be made in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 80% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 60% of the 2021 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025, 2026, and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the accrual of the whole of their AVR for 2020 financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) becomes payable to executive directors, including the update of its cash portion. Thereafter, 20% of the 2019 Deferred AVR will be deferred for both executive directors, which, if the conditions are met, will be paid in 2025. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) becomes payable to the Chair, including the update of its cash portion. With such payment, the payment to the Chair of the 2018 Deferred AVR will be completed. This remuneration is associated with his former position as Chief Executive Officer. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the Chair and Chief Executive Officer was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the first payment (60% of the Deferred Portion) to the executive directors was made, including the update of its cash portion. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. This remuneration is associated with his former position as Chief Executive Officer. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) to the Chair was made, including the update of its cash portion. After this, the payment to the Chair of the 2017 Deferred AVR was completed. This remuneration was associated with his former position as Chief Executive Officer.

Note 54 Executive directors (De

Note 54 Executive directors (Details) - EUR (€) € in Thousands		Dec. 31, 2023	Dec. 31, 2022
Executive directors [Line Items]
Executive directors retirement	[1]	€ 458	€ 451
Executive directors death and disability	[1]	552	758
Executive directors funds accumulated		24,759	22,771
Board of Directors Chairman [Member]
Executive directors [Line Items]
Executive directors retirement	[1]	458	451
Executive directors death and disability	[1]	322	473
Executive directors funds accumulated		24,759	22,771
Chief Executive Officer [Member]
Executive directors [Line Items]
Executive directors retirement	[1]	0	0
Executive directors death and disability	[1]	230	285
Executive directors funds accumulated		€ 0	€ 0
[1] (1) Contributions recognized to meet pension commitments to executive directors in financial years 2023 and 2022. In the case of the Chair, these correspond to the sum of the annual retirement pension contribution and the adjustment made to the "discretionary pension benefits" for the financial years 2022 and 2021, the contribution to which was to be made in the financial years 2023 and 2022, respectively, and with the death and disability premiums. In the case of the Chief Executive Officer, the contributions recognized correspond exclusively to the insurance premiums paid by the Bank in 2023 and 2022 to cover the contingencies of death and disability, given that, in his case, the Bank has not undertaken any commitments to cover the retirement contingency.

Note 54 Annual fixed remunera_2

Note 54 Annual fixed remuneration Senior management (Details) - EUR (€) € in Thousands		Dec. 31, 2023	Dec. 31, 2022
Annual fixed remuneration senior management [Line Items]
Senior management total annual fixed remuneration	[1]	€ 18,187	€ 18,149
[1](1) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases.

Note 54 Annual variable remun_2

Note 54 Annual variable remuneration (AVR) Senior management (Details) - Senior management [Member] - EUR (€) € in Thousands		Dec. 31, 2023	[2]	Dec. 31, 2022	[3]
Annual variable remuneration senior management [Line Items]
Annual variable remuneration senior management in cash	[1]	€ 2,226		€ 2,158
Annual variable remuneration senior management in shares	[1]	267,550		365,746
[1] (3) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases. (1) Initial Portion of the AVR, which represents the first payment of the STI for financial year 2023 and will be paid during the first quarter of financial year 2024, in equal parts in cash and BBVA shares. The remaining amount of the AVR for financial year 2023 (which includes the LTI for financial year 2023) will be deferred (40% in cash and 60% in shares or share-linked instruments) over a five-year period (the Deferred Portion). The amount of the Deferred Portion will depend on the result of the long-term indicators that will be used to calculate the LTI for financial year 2023. Likewise, and as an ex-post risk adjustment mechanism, the Deferred Portion may be reduced if certain capital and liquidity thresholds are not reached, in order to ensure that payment only occurs if it is sustainable, taking into account the Bank's payment capacity. In addition, the remaining rules applicable to the AVR of the members of the Senior Management established in the BBVA Group General Remuneration Policy approved by the Board of Directors on March 29, 2023 will apply to the AVR for financial year 2023, which include: (i) a withholding period of one year after delivery of the BBVA shares or instruments linked to BBVA shares received; (ii) the prohibition of hedging strategies or insurance that may undermine the effects of alignment with prudent risk management; (iii) update of the Deferred Portion in cash that finally vests in accordance with the CPI; (iv) malus and clawback arrangements during the whole periods of deferral and withholding of shares or instruments; and (v) the limitation of variable remuneration up to a maximum amount of 200% of the fixed component of the total remuneration, as resolved by the Annual General Shareholders’ Meeting held in 2023. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the members of Senior Management who were beneficiaries was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies in force in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) was made to the members of the Senior Management, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the members of Senior Management who were beneficiaries were paid the amounts that corresponded in each case (either 60% of the Deferred Portion or the whole of it) in accordance with the payment schedule established in the remuneration policies applicable in 2019, including the update of its cash portion. In addition, two members of the Senior Management were paid the Deferred Portion of a retention plan pursuant to the vesting and payment rules established in the remuneration policy applicable to that financial year. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) was made to the members of the Senior Management who were beneficiaries, including the update of its cash portion. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) was paid to the members of the Senior Management who were beneficiaries, including the update of its cash portion. Thereafter, the payment of the 2017 Deferred AVR to its beneficiaries was completed.

Note 54 Deferred annual variabl

Note 54 Deferred annual variable remuneration from previous years senior management (Details) - EUR (€) € in Thousands	Dec. 31, 2023	[1]	Dec. 31, 2022	[2]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 2,873		€ 2,167
Deferred annual variable remuneration senior management in shares	642,015		515,483
Senior management [Member] | 2022 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 493		€ 0
Deferred annual variable remuneration senior management in shares	122,566		0
Senior management [Member] | 2021 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 456		€ 477
Deferred annual variable remuneration senior management in shares	116,528		124,602
Senior management [Member] | 2020 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 1,484		€ 0
Deferred annual variable remuneration senior management in shares	289,020		0
Senior management [Member] | 2019 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 302		€ 1,364
Deferred annual variable remuneration senior management in shares	77,447		320,172
Senior management [Member] | 2018 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 138		€ 155
Deferred annual variable remuneration senior management in shares	36,454		41,442
Senior management [Member] | 2017 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	€ 0		€ 171
Deferred annual variable remuneration senior management in shares	0		29,267
[1] (1) Deferred remuneration to be paid after 2023 year-end. Payment thereof to the members of the Senior Management who are beneficiaries will take place in 2024 in accordance with the vesting and payment rules established in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: first payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 80% of the 2022 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026, 2027 and 2028. • 2021 Deferred AVR: second payment (20% of the Deferred Portion), including the update of its cash portion, becomes payable. Thereafter, 60% of the 2021 Deferred AVR will be deferred, and if the conditions are met, it will be paid in 2025, 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the accrual of the whole of their AVR for 2020 financial year. Without prejudice to the above, two members of the Senior Management, executives of BBVA USA at that moment, are entitled to the payment of the Deferred Portion of a Success Bonus on the sale of BBVA USA. Of this Deferred Portion, the whole of it is payable with respect to one person and 60% of it with respect to the other, in accordance with the vesting and payment schedule applicable in each case pursuant to the remuneration policy applicable in that financial year. • 2019 Deferred AVR: second payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. Thereafter, 20% of the 2019 Deferred AVR will be deferred, which, if the conditions are met, will be paid in 2025. In addition, it includes the second payment (20%) of the Deferred Portion of a retention plan to be made to a member of Senior Management. • 2018 Deferred AVR: third and final payment (20% of the Deferred Portion) to the members of Senior Management that are beneficiaries, including the update of its cash portion, becomes payable. With such payment, the payment of the 2018 Deferred AVR to its beneficiaries will be completed. (2) Deferred remuneration to be paid after 2022 year-end. Payment thereof to the members of Senior Management who were beneficiaries was made in 2023 in accordance with the vesting and payment rules established in the remuneration policies in force in each financial year: • 2021 Deferred AVR: in 2023, the first payment (20% of the Deferred Portion) was made to the members of the Senior Management, including the update of its cash portion. • 2019 Deferred AVR: in 2023, the members of Senior Management who were beneficiaries were paid the amounts that corresponded in each case (either 60% of the Deferred Portion or the whole of it) in accordance with the payment schedule established in the remuneration policies applicable in 2019, including the update of its cash portion. In addition, two members of the Senior Management were paid the Deferred Portion of a retention plan pursuant to the vesting and payment rules established in the remuneration policy applicable to that financial year. • 2018 Deferred AVR: in 2023, the second payment (20% of the Deferred Portion) was made to the members of the Senior Management who were beneficiaries, including the update of its cash portion. • 2017 Deferred AVR: in 2023, the third and final payment (20% of the Deferred Portion) was paid to the members of the Senior Management who were beneficiaries, including the update of its cash portion. Thereafter, the payment of the 2017 Deferred AVR to its beneficiaries was completed.

Note 54 Pension commitments wit

Note 54 Pension commitments with members of Senior Management (Details) - Senior management [Member] - EUR (€) € in Thousands		Dec. 31, 2023	Dec. 31, 2022
Pension commitments with members of Senior Management [Line Items]
Senior management retirement	[1],[2]	€ 3,829	€ 3,694
Senior management death and disability	[1],[2]	1,102	1,465
Senior management funds accumulated	[1]	€ 34,069	€ 29,435
[1] (2) 15 members at December 31, 2023 and 16 members at December 31, 2022, excluding executive directors in both cases. (1) Contributions recognized to meet pension commitments with all Senior Management in 2023 and 2022, which correspond to the sum of the annual retirement pension contributions and the adjustments made to the "discretionary pension benefits" for 2022 and 2021 whose contribution was to be made in 2023 and 2022, respectively, and to the insurance premiums paid by the Bank for death and disability contingencies.