Banco Bilbao Vizcaya Argentaria (BBVA) 20-F 21 Feb 25 2024 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2024 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
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	2024
Document Fiscal Period Focus	FY
Entity Common Stock, Shares Outstanding	5,763,285,465
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
A5381 Fixed Rate Senior Non-Preferred Notes due 2028 [Member]
Document Information [Line Items]
Title of 12(b) Security	5.381% Fixed Rate Senior Preferred Notes due 2029
Trading Symbol	BBVA29
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
A6033 Fixed Rate Senior Non-Preferred Callable Notes due 2035
Document Information [Line Items]
Title of 12(b) Security	Senior Non-Preferred Callable Fixed-to-Fixed Rate Notes due 2035
Trading Symbol	BBVA35
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
Series 14 Non-Step- Up Non- Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities [Member]
Document Information [Line Items]
Title of 12(b) Security	Series 14 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities
Trading Symbol	BBVAP2
Security Exchange Name	NYSE
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	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, 2024
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, 2024	Dec. 31, 2023		Dec. 31, 2022
Assets [Line Items]
Cash and cash equivalents		€ 51,145	€ 75,416		€ 79,756	[1]
Current financial assets at fair value through profit or loss, classified as held for trading		108,948	141,042		110,671	[2]
Derivative financial assets held for trading		36,003	34,293		39,908	[2]
Equity instruments held at fair value through profit or loss, classified as held for trading		6,760	4,589		4,404	[2]
Debt instruments held for trading		27,955	28,569		24,367	[2]
Loans and advances to central banks held for trading		556	2,809		1,632
Loans and advances to credit institutions held for trading		20,938	56,599		25,231
loans and advances to customers held for trading		16,736	14,182		15,130
Financial assets at fair value through profit or loss, mandatorily measured at fair value		10,546	8,737		6,888	[2]
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		9,782	7,963		6,511	[2]
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		407	484		129	[2]
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		358	290		247	[2]
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		836	955		913	[2]
Debt securities at fair value through profit or loss		836	955		913	[2]
Financial assets at fair value through other comprehensive income		59,002	62,205		65,374	[2]
Investments in equity instruments designated at fair value through other comprehensive income		1,451	1,217		1,198	[2]
Debt securities at fair value through other comprehensive income	[3]	57,526	60,963		64,150	[2],[4]
Loans and advances to credit institutions at fair value through other comprehensive income		25	26		26	[2]
Financial assets at amortised cost		502,400	451,732		414,421	[1],[5]
Debt instruments held at amortised cost		59,014	49,462		36,639	[1],[5],[6],[7]
Loans and advances to central banks at amortised cost		8,255	7,151		4,401	[5]
Loans and advances to banks		22,655	17,477		16,031	[5]
Loans and advances to customers		412,477	377,643		357,351	[5],[8]
Derivative financial assets held for hedging		1,158	1,482		1,891	[2]
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets		(65)	(97)		(148)
Investments in subsidiaries, joint ventures and associates		989	976		916
Investments in joint ventures		94	93		100
Investments in associates		895	883		816
Assets under insurance contracts and reinsurance contracts issued		191	211		183
Tangible assets		9,759	9,253		8,737	[9]
Property, plant and equipment		9,506	9,046		8,441
Property plant and equipment for own use		8,501	8,295		7,911
Assets leased out under an operating lease		1,004	751		530
Investment property		253	207		296
Intangible assets and goodwill		2,490	2,363		2,156
Goodwill		700	795		707
Intangible assets other than goodwill		1,790	1,568		1,449
Tax assets		18,650	17,501		16,725	[10]
Current tax assets	[11]	4,295	2,860		1,978	[10]
Deferred tax assets		14,354	14,641		14,747	[10],[12]
Other assets		5,525	2,859		2,586	[13]
Insurance contracts linked to pensions		0	0		0
Inventories	[14]	1,299	276		325	[13]
Rest other assets		4,226	2,583		2,260
Non-current assets or disposal groups classified as held for sale		828	923		1,022
Assets		772,402	775,558	[15]	712,092	[15],[16],[17]
Equity and Liabilities [Line Items]
Financial liabilities at fair value through profit or loss that meet definition of held for trading		86,591	121,715		95,611	[2]
Derivative financial liabilities held for trading		33,059	33,045		37,909	[2]
Short positions held for trading		13,878	15,735		13,487	[2]
Deposits from central banks held for trading		3,360	6,397		3,950
Deposits from credit institutions held for trading		16,285	43,337		28,924
Customer deposits held for trading		20,010	23,201		11,341
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		14,952	13,299		10,580	[2]
Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0		0
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0		0	[2]
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		934	717		700	[2]
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		9,420	8,605		6,592	[2]
Financial liabilities at amortised cost		584,339	557,589		529,172	[1],[18]
Liabilities due to central banks		14,668	20,309		38,323	[18]
Deposits from banks		34,406	40,039		26,935	[18]
Deposits from customers		447,646	413,487		394,404	[18],[19]
Debt instruments issued at amortised cost		69,867	68,707		55,429	[1],[18]
Other financial liabilities		17,753	15,046		14,081	[1],[18],[20]
Derivative financial liabilities held for hedging		2,503	2,625		3,303	[2]
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities		0	0		0
Insurance contracts issued that are liabilities		10,981	12,110		10,131	[21],[22]
Provisions		4,619	4,924		4,933
Provisions for employee benefits	[23]	2,348	2,571		2,632
Other long term employees benefits		384	435		466
Legal proceedings provision		791	696		685
Provisions commitments and guarantees given		667	770		770
Other provisions	[24]	429	452		380
Tax liabilities		3,033	2,554		2,935	[10]
Current tax liabilities	[11]	575	878		1,415	[10]
Deferred tax liabilities		2,458	1,677		1,520	[10],[12]
Other liabilities		5,370	5,477		4,909	[13]
Liabilities included in disposal groups classified as held for sale		0	0		0
Liabilities		712,388	720,293		661,575
Shareholders equity		72,875	67,955		64,535
Issued capital		2,824	2,861		2,955
Paid up capital		2,824	2,861		2,955
Unpaid capital which has been called up		0	0		0
Share premium		19,184	19,769		20,856
Equity instruments issued other than capital		0	0		0
Other equity interest		40	40		63
Retained earnings		40,693	36,237		32,711
Revaluation surplus		0	0		0
Other reserves		1,814	2,015		2,345
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(227)	(237)		(221)	[25]
Other reserves other		2,041	2,252		2,566
Treasury shares		(66)	(34)		(29)
Profits or losses attributable to owners of the parent		10,054	8,019		6,358
Interim dividends		(1,668)	(951)		(722)
Accumulated other comprehensive income		(17,220)	(16,254)		(17,642)	[26]
Items that will not be reclassified to profit or loss		(1,988)	(2,105)		(1,881)	[26]
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss		(1,067)	(1,049)		(760)	[26]
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		(905)	(1,112)		(1,194)	[26],[27]
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		(17)	55		72	[26]
Other comprehensive income that will be reclassified to profit or loss, net of tax		(15,232)	(14,148)		(15,760)	[26]
Foreign currency translation		(2,329)	(2,498)		(1,408)	[26]
Foreign currency translation		(12,702)	(11,419)		(13,078)	[26]
Hedging derivatives. Cash flow hedges effective portion		370	133		(447)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss		(576)	(357)		(809)	[26],[27]
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		5	(8)		(18)	[26]
Non-controlling interests		4,359	3,564		3,623	[28]
Accumulated other comprehensive income non controlling interest		(2,730)	(3,321)		(3,109)
Other non controlling interest items		7,089	6,885		6,732
Adjusted initial balance		60,014	55,265		50,517
Equity and liabilities		€ 772,402	€ 775,558		€ 712,092
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) The number of branches in 2022 was affected by 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) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) In 2024, the increase in current tax assets corresponds mainly to a higher tax receivable of the tax group in Spain, as well as in Mexico and Colombia, in relation to the Corporate Income Tax for the year 2024 related to the installment payments made in the year. On the other hand, the decrease in current tax liabilities corresponds mainly to the decrease in the tax payable in Mexico and Argentina in relation to the estimated income tax for the year 2023. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) The variation in 2024 corresponds mainly to the acquisition of land plots from the Group's real estate company Crea Madrid Nuevo Norte, S.A. in relation to an urban planning operation in Madrid. (1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “ Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts ”). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (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 Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Statement of comprehensive inco

Statement of comprehensive income, profit or loss, by function of expense (Statement) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Profit or loss [abstract]
Interest income		€ 61,659	€ 47,850		€ 31,432
Interest revenue calculated using effective interest method		55,224	42,141		29,134
Other interest income		6,435	5,709		2,298
Interest expense		(36,392)	(24,761)		(12,309)	[1]
Interest income (expense)		25,267	23,089	[2]	19,124	[2],[3]
Dividend income		120	118		123
Share of profit (loss) of associates and joint ventures accounted for using equity method		40	26		21
Fee and commission income		13,036	9,899		8,260	[4]
Fee and commission expense		(5,048)	(3,611)		(2,888)	[5]
Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss net		327	76		64
Gains Losses On Derecognition Of Financial Assets At Amortized Cost		20	41		8
Gains Losses On Derecognition Of Other Financial Assets And Liabilities		307	35		56
Gains or losses on financial assets and liabilities held for trading net		2,458	1,352		562
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		2,458	1,352		562
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value		179	337		(67)
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		179	337		(67)
Gains or losses on financial assets and liabilities designated at fair value through profit or loss net		249	96		150
Gain (loss) on hedge ineffectiveness recognised in profit or loss		5	(17)		(45)
Foreign exchange gain (loss)		695	339		1,275
Miscellaneous other operating income		623	619		528
Miscellaneous other operating expense		3,951	4,042		3,438
Income arising from insurance contracts	[6]	3,720	3,081		2,622	[7]
Expense arising from insurance contracts		(2,238)	(1,821)		(1,547)	[7]
Gross profit		35,481	29,542	[2]	24,743	[2],[3]
Administrative expenses		12,660	10,905		9,373
Employee benefits expense		(7,659)	(6,530)		(5,601)	[8]
Other expense, by function		5,001	4,375		3,773	[9]
Depreciation and amortisation expense		(1,533)	(1,403)		(1,328)
Provision or reversal of provisions		(198)	(373)		(291)
Impairment loss on financial assets		5,745	4,428		3,379
Gains (losses) on financial assets at amortised cost		(5,687)	(4,386)		(3,303)
Impairment Financial Assets Measured At Fair Value Through Other Comprehensive Income		(58)	(42)		(76)
Profit (loss) from operating activities		15,345	12,432		10,372
Impairment or reversal of impairment investments in subsidiaries joint ventures and associates		63	(9)		42
Impairment or reversal of impairment on non financial assets		1	(54)		(27)
Impairment loss recognised in profit or loss, intangible assets and goodwill		15	26		25
Impairment or reversal of impairment on other non financial assets		13	12		55
Impairment tangible assets		(29)	16		(53)
Gains(losses) on derecognized of non financial assets and subsidiaries net		14	28		(11)
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		(17)	22		(108)
Profit (loss) before tax		15,405	12,419	[2]	10,268	[2],[3],[10]
Tax expense (income)	[11]	(4,830)	(4,003)		(3,505)	[12]
Profit (loss) from continuing operations		10,575	8,416		6,763
Profit (loss) from discontinued operations		0	0		0
Profit (loss)		10,575	8,416		6,763
Profit (loss), attributable to non-controlling interests		521	397		405	[13]
Profit (loss), attributable to owners of parent		€ 10,054	€ 8,019	[2]	€ 6,358	[2],[3],[14]
Basic earnings (loss) per share		€ 1.68	€ 1.29		€ 0.98	[14]
Basic earnings (loss) per share from continuing operations		1.68	1.29		0.98	[14]
Diluted earnings (loss) per share from continuing operations		1.68	1.29		0.98	[14]
Basic earnings (loss) per share from discontinued operations		0	0		0	[14]
Diluted earnings (loss) per share from discontinued operations		€ 0	€ 0		€ 0	[14]
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts ”). (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In general, the transition 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. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3 ).

Statement of comprehensive in_2

Statement of comprehensive income, OCI components presented before tax (Statement) - EUR (€)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of comprehensive income [abstract]
Profit (loss)	€ 10,575,000,000	€ 8,416,000,000	€ 6,763,000,000
Other comprehensive income	(414,000,000)	1,175,000,000	789,000,000
Other comprehensive income that will not be reclassified to profit or loss, net of tax	79,000,000	(223,000,000)	190,000,000
Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans	(78,000,000)	(358,000,000)	354,000,000
Non current assets and disposal groups held for sale that will not be reclassified to profit or loss net of tax	0	0	0
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	236,000,000	100,000,000	(121,000,000)
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	(102,000,000)	(24,000,000)	100,000,000
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	23,000,000	59,000,000	(143,000,000)
Other comprehensive income that will be reclassified to profit or loss, net of tax	(493,000,000)	1,398,000,000	599,000,000
Other comprehensive income, before tax, hedges of net investments in foreign operations	169,000,000	(1,095,000,000)	(1,172,000,000)
Gains (losses) on hedges of net investments in foreign operations, before tax	169,000,000	(1,095,000,000)	(1,172,000,000)
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	(646,000,000)	1,379,000,000	3,413,000,000
Gains (losses) on exchange differences on translation, before tax	(646,000,000)	1,378,000,000	3,413,000,000
Reclassification adjustments on exchange differences on translation, before tax	0	1,000,000	0
Other Reclassifications Foreign Currency Translation	0	0	0
Other comprehensive income, before tax, cash flow hedges	331,000,000	832,000,000	72,000,000
Gains (losses) on cash flow hedges, before tax	331,000,000	832,000,000	91,000,000
Reclassification adjustments on cash flow hedges, before tax	0	0	(19,000,000)
Transferred to initial carrying amount of hedged items	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	(398,000,000)	752,000,000	(2,498,000,000)
Gains (losses) on remeasuring available-for-sale financial assets, before tax	(217,000,000)	757,000,000	(2,528,000,000)
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, before tax	181,000,000	5,000,000	(30,000,000)
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	0
Valuation gains losses taken to equity non current assets held for sale	0	0	0
Non current assets held for sale transferred to profit or loss	0	0	0
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	16,000,000	12,000,000	(7,000,000)
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss	36,000,000	(482,000,000)	791,000,000
Comprehensive income	10,161,000,000	9,591,000,000	7,552,000,000
Comprehensive income, attributable to non-controlling interests	1,108,000,000	184,000,000	1,352,000,000
Comprehensive income, attributable to owners of parent	€ 9,053,000,000	€ 9,407,000,000	€ 6,200,000,000

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, 2021	€ 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 beginning of period (Opening balance after adjustment, cumulative effect at date of initial application [member]) at Dec. 31, 2021		3,267	23,599	0	60	32,019	0	(1,857)	(647)	4,653	(532)	(16,662)	(8,413)	13,261
Equity at beginning 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 beginning of period at Dec. 31, 2021	48,748
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	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	(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	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	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 (Previously stated [member]) 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
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
Changes in equity [abstract]
Comprehensive income	10,161	0	0	0	0	0	0	0	0	10,054	0	(1,001)	587	521
Changes in equity other than total income or expense recognized	(5,413)	(37)	(585)	0	(1)	4,457	0	(201)	(32)	(8,019)	(717)	35	4	(317)
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	(37)	(585)	0	0	29	0	(189)	781	0	0	0	0	0
Dividends recognised as distributions to owners	(4,258)	0	0	0	0	(2,245)	0	0	0	0	(1,668)	0	0	(345)
Purchase of treasury shares	(1,528)	0	0	0	0	0	0	0	(1,528)	0	0	0	0	0
Sale or issue of treasury shares	725	0	0	0	0	0	0	10	716	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	9	7,059	0	(38)	0	(8,019)	951	35	4	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	(26)	0	0	0	(26)	0	0	0	0	0	0	0	0	0
Increase (decrease) through other changes, equity	(326)	0	0	0	16	(386)	0	16	0	0	0	0	0	28
Equity at end of period at Dec. 31, 2024	€ 60,014	€ 2,824	€ 19,184	€ 0	€ 40	€ 40,693	€ 0	€ 1,814	€ (66)	€ 10,054	€ (1,668)	€ (17,220)	€ (2,730)	€ 7,089

Statement of cash flows, indire

Statement of cash flows, indirect method (Statement) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Statement of cash flows [Line Items]
Cash flows from (used in) operating activities		€ (18,190)	€ (721)		€ 23,718
Profit (loss)		10,575	8,416		6,763
Adjustments to reconcile profit (loss)		14,817	12,150		11,746
Adjustments for depreciation and amortisation expense		1,533	1,403		1,328
Other adjustments to reconcile profit (loss)		13,283	10,747		10,418
Net increase decrease in operating assets from operating activities		(54,265)	(77,408)		(42,900)
Adjustments for decrease (increase) in financial assets held for trading		28,452	(27,884)		14,658
Net increase decrease in non trading financial assets mandatorily at fair value through profit or loss		(2,813)	(1,288)		(421)
Net increase decrease in other financial assets designated at fair value through profit or loss		119	(42)		179
Net increase decrease in financial assets at fair value through other comprehensive income		(1,124)	2,512		(1,014)
Adjustments For Decrease Increase In Financial Assets At Amortised Cost		(76,759)	(51,182)		(55,754)
Adjustments for decrease (increase) in other assets		(2,140)	476		(548)
Net increase decrease in operating liabilities from operating activities		(16,314)	(61,473)		(51,343)
Adjustments for increase (decrease) in financial liabilities held for trading		(32,695)	24,435		2,907
Other financial liabilities designated at fair value through profit or loss operating activities		2,647	2,003		293
Financial liabilities at amortized cost operating activities		45,970	36,127		48,161
Adjustments for increase (decrease) in other liabilities		392	(1,092)		(17)
Income taxes paid (refund), classified as operating activities		(5,631)	(5,353)		(3,234)
Cash flows from (used in) investing activities, continuing operations		(1,423)	(1,419)		(3,911)
Outflows of cash from investing activities		(2,039)	(1,912)		(4,506)
Purchase of property, plant and equipment, classified as investing activities		(1,195)	(1,129)		(1,812)
Purchase of intangible assets, classified as investing activities		(816)	(690)		(630)
Other cash payments to acquire interests in joint ventures, classified as investing activities		(1)	(93)		(81)
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities		(28)	0		(1,389)
Investment non current assets classified as held for sale and associated liabilites		0	0		594
Investment other settlements related to investing activities		0	0		0
Inflows of cash from investing activities		617	492		596
Proceeds from sales of property, plant and equipment		104	92		29
Proceeds from sales of intangible assets		0	0		0
Other cash receipts from sales of interests in joint ventures		32	58		127
Cash flows from losing control of subsidiaries or other businesses		73	21		0
Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations		408	321		440
Other collections related to investing activities		0	0		0
Cash flows from (used in) financing activities, continuing operations		(2,567)	(1,842)		(7,563)
Payments from financing activities		8,773	7,224		7,996
Dividends paid, classified as financing activities		(3,913)	(2,808)		(2,185)
Repayments of subordinated liabilities		(2,599)	(1,629)		(2,258)
Treasury stock amortization from financing activities		37	94		313
Treasury stock acquisitions from financing activities		1,492	2,072		2,670
Other Outflows Of Cash Classified As Financing Activities		(732)	(622)		(571)
Collections from financing activities		6,205	5,383		434
Proceeds from issue of subordinated liabilities		5,514	4,672		0
Proceeds from issuing shares		0	0		0
Collections Treasury shares disposal		691	711		434
Other Inflows Of Cash Classified As Financing Activities		0	0		0
Effect of exchange rate changes on cash and cash equivalents		(2,091)	(357)		(288)
Increase decrease in cash and cash equivalents including companies held for sale		(24,271)	(4,339)		11,957
Cash and cash equivalents at beginning of period		75,416	79,756	[1]	67,799
Cash and cash equivalents at end of period		51,145	75,416		79,756	[1]
Components of cash and cash equivalents at the end of the period [Line Items]
Cash		8,636	7,751		6,533
Cash and bank balances at central banks	[2]	35,306	60,750		67,314
Other financial assets		7,202	6,916		5,909
Bank overdrafts		0	0		0
Cash and cash equivalents		€ 51,145	€ 75,416		€ 79,756	[1]
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) The variation is mainly due to the evolution of the balances held in the Bank of Spain.

Statement of financial positi_2

Statement of financial position, order of liquidity (Parentheticals) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of financial position [abstract]
Memorandum loan commitments given	€ 188,515	€ 152,868	€ 136,920
Financial guarantees given Memorandum	22,503	18,839	16,511
Memorandum other commitments given	51,215	42,577	39,137
Memorandum Item subordinated liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	0	0	0
Memorandum item subordinated liabilities at amortised cost	€ 19,612	€ 15,867	€ 12,509

Statement of cash flows, indi_2

Statement of cash flows, indirect method (Parentheticals) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of cash flows [abstract]
Of Which Hyperinflation Effect From Operating Activities	€ 2,593	€ 1,884	€ 2,692
Of Which Hyperinflation Effect From Investing Activities	753	772	759
Of Which Hyperinflation Effect From Financing Activities	€ 0	€ 0	€ 0

Note 1

Note 1	12 Months Ended
	Dec. 31, 2024
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.”), registered with the Company Register of Vizcaya, 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). The Bank's purpose is to carry out all kinds of activities, operations, acts, contracts and services within the banking business or directly or indirectly related to it, which are permitted or not prohibited by the provisions in force and supplementary activities. Its corporate purpose also includes the acquisition, possession, use and disposal of securities, public offering of acquisition and sale of securities, as well as all types of holdings in any entity or company. 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, 2024, in addition to the Bank, the BBVA Group had 174 consolidated entities and 39 entities accounted for using the equity method (see Notes 3 and 16 and Appendices I to IV). The Consolidated Financial Statements of the BBVA Group for the year ended December 31, 2024, were authorized for issue on February 21, 2025. 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 (hereinafter “IASB”)), as well as in accordance with the International Financial Reporting Standards endorsed by the European Union (EU-IFRS) applicable as of December 31, 2024, 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, 2024 were prepared by the Group’s Directors (through the Board of Directors meeting held on February 11, 2025) 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, 2024, together with the consolidated results of its operations and cash flows generated during the year ended December 31, 2024. 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" 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 and impairment losses of non-current assets held for sale (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 how climate risk and other climate-related matters can affect the consolidated financial statements, cash flows and financial performance of the Group within the models used for calculating certain relevant estimations. These estimates and judgments are being considered when preparing the financial statements of the BBVA Group and, where relevant, they are mentioned 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, 2024. 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 2024 there have been no significant changes in the estimates made as of December 31, 2023 and 2022, 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 (hereinafter "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 that may arise and the controls that mitigate them. This control system is subject to a continuous evaluation coordinated 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. Among its main functions is the definition and coordination of 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, Technology, Third Party, Compliance or Processes). This second line defines the mitigation and control frameworks for the risks in their areas of responsibility across the entire organization and also challenges the functioning of 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 internal 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 different RCAs and RCSs control units, coordinated by Internal Financial Control (RCS Finance), follow 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 Control areas and by the Group's Internal Audit unit. The result of their evaluation is reported to 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, 2024
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, 2024, 2023 and 2022. Appendix I includes other significant information on such 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, 2024. – 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, 2024, 2023 and 2022, 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 structured entities subject to consolidation and provides 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 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, 2024, 2023 and 2022 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 will be adjusted to take into account the most significant transactions. As of December 31, 2024, financial statements as of December 31 of all Group entities were utilized except in the case of the consolidated financial statements of nine non-significant entities for which financial statements as of November 30, 2024 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. The acquirer shall recognize an asset in the consolidated balance sheet under the heading “Intangible assets - 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 On January 1, 2018, IFRS 9 came into force, replacing IAS 39 regarding the classification and measurement of financial assets and liabilities, credit impairment and hedge accounting. At that time, the Group chose to continue applying IAS 39 for hedge accounting, as permitted by IFRS 9. However, the Group has determined to apply the requirements of IFRS 9 to hedge accounting from January 1, 2025. This change in accounting policy applicable to hedging relationships had no significant impact on the Group's consolidated financial statements as of the date of its implementation. 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. In the specific case of loans granted by the BBVA Group where the financial remuneration is linked to the compliance with certain environmental, social and governance (hereinafter "ESG") conditions and criteria, the Group considers that the impact of compliance with the ESG criteria on the interest rate applied to the transactions is very limited and, therefore, meets the condition that it has a minimal effect on cash flows. Therefore, the existence of these ESG-linked clauses would not entail non-compliance with the aforementioned SPP 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 to generate short-term results. The financial assets recorded in the heading “Non-trading financial assets mandatorily at fair value through profit or loss" either have contractual cash flows that do not met the conditions of the SPPI test, or are not covered by a business model whose objective is either (i) to hold financial assets to collect contractual cash flows or (ii) achieved by collecting contractual cash flows and selling financial assets. Financial assets are classified in “Financial assets designated at fair value through profit or loss” only if such classification 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 describe

Note 3

Note 3	12 Months Ended
	Dec. 31, 2024
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, 2024: – 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, 2024, 2023 and 2022, broken down by the Group’s entities according to their activity: Contribution to Consolidated Group total assets. Entities by main activities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Banking and other financial services 733,860 737,971 678,809 Insurance and pension fund managing companies 34,439 34,520 30,066 Other non-financial services 4,103 3,068 3,217 Total 772,402 775,558 712,092 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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, Venezuela and Brazil, the latter focused on the CIB (Corporate & Investment Banking) business. 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. See Note 2.1 and Appendix I. – 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 through branches, mainly the BBVA Bank's branches in Germany, Belgium, France, Italy, Portugal, the United Kingdom, and the Garanti BBVA Bank's branch in Malta. – 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. Additionally, in 2024, a representative office of Banco Bilbao Vizcaya Argentaria, S.A. was opened in Houston. – 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 2024 During the year 2024 no significant or relevant corporate operations have been completed, without prejudice to the announcement of the voluntary tender offer for the acquisition of all of the issued shares of Banco de Sabadell, S.A. Other relevant additional information 2024 Announcement of the voluntary tender offer for the acquisition of all of the issued shares of Banco de Sabadell, S.A. On April 30, 2024, due to a media report, BBVA published an inside information notice ( información privilegiada ) stating that it had informed the chairman of the Board of Directors of Banco de Sabadell, S.A. (the "Target Company") of the interest of BBVA’s Board of Directors in initiating negotiations to explore a possible merger between the two entities. On the same date, BBVA sent to the chairman of the Target Company the written proposal for the merger of the two entities. The content of the written proposal sent to the Board of Directors of the Target Company was published on May 1, 2024 by BBVA through the publication of an inside information notice ( información privilegiada ) with the Spanish Securities and Exchange Commission (hereinafter “CNMV”). On May 6, 2024, the Target Company published an inside information notice ( información privilegiada ) informing of the rejection of the proposal by its Board of Directors. Following such rejection, on May 9, 2024, BBVA announced, through the publication of an inside information notice ( información privilegiada ) (the "Prior Announcement"), the decision to launch a voluntary tender offer (the "Exchange Offer") for the acquisition of all of the issued shares of the Target Company, being a total of 5,440,221,447 ordinary shares with a par value of €0.125 each (representing 100% of the Target Company’s share capital). The consideration initially offered by BBVA to the shareholders of the Target Company consisted of one (1) newly issued share of BBVA for each four and eighty-three hundredths (4.83) ordinary shares of the Target Company, subject to certain adjustments in the case of dividend distributions in accordance with what was indicated in the Prior Announcement. In accordance with the Prior Announcement of the Exchange Offer and as a consequence of the interim dividend against the 2024 financial year results in the amount of €0.08 per share paid by the Target Company to its shareholders on October 1, 2024, BBVA proceeded to adjust the Exchange Offer consideration. Therefore, after applying the adjustment in the terms set forth in the Prior Announcement, the consideration offered by BBVA to the shareholders of the Target Company under the Exchange Offer was adjusted, as result of the dividend payment of the Target Company, to one (1) newly issued ordinary share of BBVA for each five point zero one nine six (5.0196) ordinary shares of the Target Company. Additionally, as a result of the interim dividend against the 2024 financial year results in the amount of €0.29 per share paid by BBVA to its shareholders on October 10, 2024, BBVA proceeded to adjust again the Exchange Offer consideration. Therefore, also in accordance with the provisions of the Prior Announcement, the Exchange Offer consideration was adjusted to one (1) newly issued ordinary share of BBVA and €0.29 in cash for every five point zero one nine six (5.0196) ordinary shares of the Target Company. Pursuant to the provisions of Royal Decree 1066/2007, of July 27, on the rules governing tender offers ("Royal Decree 1066/2007"), the Exchange Offer is subject to mandatory clearance by the CNMV (“CNMV Clearance”). Additionally, pursuant to the provisions of Law 10/2014 and Royal Decree 84/2015, the acquisition by BBVA of control of the Target Company resulting from the Exchange Offer is subject to the duty of prior notification to the Bank of Spain and the obtention of the non-opposition of the European Central Bank (a condition that was satisfied on September 5, 2024, as described below). In addition, completion of the Exchange Offer is also subject to the satisfaction of the conditions specified in the Prior Announcement, in particular (i) the acceptance of the Exchange Offer by a number of shares that allows BBVA to acquire at least more than half of the effective voting rights of the Target Company at the end of the Exchange Offer acceptance period (therefore excluding the treasury shares that the Target Company may hold at that time), as this condition was amended by BBVA in accordance with the publication of the inside information notice ( información privilegiada ) dated January 9, 2025, (ii) approval by BBVA’s General Shareholders’ Meeting of the increase of BBVA’s share capital through the issue of new ordinary shares through non-cash contributions in an amount that is sufficient to cover the consideration in shares offered to the shareholders of the Target Company (which condition was satisfied on July 5, 2024, as described below), (iii) the express or tacit authorization of the economic concentration resulting from the Exchange Offer by the Spanish antitrust authorities, and (iv) the express or tacit authorization of the indirect acquisition of control of the Target Company’s banking subsidiary in the United Kingdom, TSB Bank PLC, by the United Kingdom Prudential Regulation Authority (“PRA”) (a condition that was satisfied on September 2, 2024, as described below). On July 5, 2024, the BBVA’s Extraordinary General Shareholders' Meeting resolved to authorize, with 96% votes in favor, an increase in the share capital of BBVA of up to a maximum nominal amount of €551,906,524.05 through the issuing and putting into circulation of up to 1,126,339,845 ordinary shares of €0.49 par value each to cover the consideration in shares offered to the shareholders of the Target Company (see Note 26). On September 3, 2024, BBVA announced, through the publication of an inside information notice ( información privilegiad a), that, on September 2, 2024, it received the authorization from the PRA for BBVA's indirect acquisition of control of TSB Bank PLC as a result of the Exchange Offer. On September 5, 2024, BBVA announced that it received the decision of non-opposition from the European Central Bank to BBVA's taking control of the Target Company, as a result of the Exchange Offer. On November 12, 2024, the Spanish antitrust authorities announced their decision that further review of the economic concentration resulting from the Exchange Offer would be required, extending antitrust review into a second phase. The detailed terms of the Exchange Offer will be set out in the Spanish prospectus (which was submitted together with the Exchange Offer request to the CNMV for their authorization on May 24, 2024 and will be published after obtaining CNMV Clearance) and the relevant U.S. offer to exchange/prospectus. Significant transactions in the Group in 2023 During the year 2023 no significant corporate transactions were 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 (30.9% and 30.1% as of December 31, 2024 and 2023, respectively). 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 share in Garanti BBVA owned by BBVA as of December 31, 2024 is 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.

Note 4

Note 4	12 Months Ended
	Dec. 31, 2024
Shareholder Remuneration System [Abstract]
Disclosure of shareholder remuneration system [Text Block]	Shareholder remuneration system 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 gross (€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 gross (€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 gross (€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 gross (€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. Shareholder remuneration during financial year 2024 Cash distributions During the 2024 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 15, 2024, approved, under item 1.3 of the Agenda, a cash distribution against the 2023 results as a final dividend for the 2023 fiscal year, for an amount equal to €0.39 gross (€0.3159 net of withholding tax) per outstanding BBVA share entitled to participate in this distribution, which was paid on April 10, 2024. The total amount paid, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €2,245 million. – By means of an inside information notice ( información privilegiada ) dated September 26, 2024, BBVA announced that the Board of Directors, had resolved the payment of a cash interim dividend of €0.29 gross (€0.2349 net of withholding tax) per each outstanding BBVA share entitled to participate in this distribution, to be paid on October 10, 2024. The total amount paid, excluding dividends paid in respect of treasury shares held by the Group's companies, amounted to €1,668 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, was the following: Available amount for interim dividend payments (Millions of Euros) August 31, 2024 Profit of BBVA, S.A., after the provision for income tax 6,854 Maximum amount distributable 6,854 Amount of proposed interim dividend 1,671 BBVA cash balance available to the date 33,530 Other shareholder remuneration On January 30, 2025, it was announced that a cash distribution in the amount of €0.41 gross per share to be paid presumably in April 2025 as the final dividend for the year 2024, and the execution of a share buyback program of BBVA for an amount of €993 million were planned to be proposed to the corresponding corporate bodies for consideration as ordinary remuneration to shareholders for 2024, subject to obtaining the corresponding regulatory authorizations and approval by the Board of Directors of the specific terms and conditions of the program, which will be communicated to the market prior to the start of its execution. Finally, on February 14, 2025 BBVA announced by means of an Inside Information filing with the CNMV, that the Board of Directors of BBVA has resolved to propose to the Annual General Shareholders’ Meeting to be held on March 21, 2025 a cash distribution of €0.41 gross per share as a final dividend for 2024 to be paid on April 10, 2025. Share buyback program Share buyback programs in 2021 and 2022 On October 26, 2021, BBVA obtained the pertinent authorization from the European Central Bank (hereinafter "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 in compliance with Regulation (EU) no. 596/2014 of the European Parliament and the Council of April 16, 2014 on market abuse and Commission Delegated Regulation (EU) no. 2016/1052 of the Commission, of March 8, 2016 (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 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, 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. 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 and which were held in treasury shares (see Notes 26, 27, 28 and 29). On July 28, 2023, BBVA announced, by means of an Inside Information notice, 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 and which were held in treasury shares (see Notes 26, 27, 28 and 29). Share buyback program in 2024 On March 1, 2024, after receiving the required authorization from the ECB, BBVA announced by means of an Inside Information notice the execution of a time-scheduled buyback program for the repurchase of own shares, all in accordance with the Regulations, for a maximum monetary amount of €781 million. The execution was carried out externally by Citigroup Global Markets Europe AG. By means of an Other Relevant Information notice dated April 9, 2024, BBVA announced the completion of the share buyback program upon reaching the maximum monetary amount, having acquired a total of 74,654,915 own shares, between March 4 and April 9, 2024, representing, approximately, 1.28% of BBVA's share capital as of such date. On May 24, 2024, BBVA notified through an Other Relevant Information notice the partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 15, 2024, under item 3 of the Agenda, through the reduction of BBVA’s share capital in a nominal amount of €36,580,908.35 and the consequent redemption, charged to unrestricted reserves, of 74,654,915 own shares of €0.49 par value each acquired derivatively by BBVA in execution of the share buyback program and which were held as treasury shares (see Notes 26, 27, 28 and 29). Proposal on allocation of earnings of BBVA, S.A. for 2024 Below is included a breakdown of the distribution of the Bank´s earnings for financial year 2024, which the Board of Directors will submit to the Annual General Shareholders' Meeting for approval. Allocation of earnings (Millions of Euros) 2024 Profit (loss) of BBVA, S.A. for the year 10,235 Distribution Interim dividends 1,671 Final dividend 2,363 Reserves / Accumulated gains 6,200

Note 5

Note 5	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽³⁾ Numerator for basic and diluted earnings per share (millions of euros) Profit attributable to parent company 10,054 8,019 6,358 Adjustment: Additional Tier 1 securities ⁽¹⁾ (388) (345) (313) Profit adjusted (millions of euros) (A) 9,666 7,675 6,045 Profit (loss) from continued operations (net of remuneration of Additional Tier 1 capital instruments) 9,666 7,675 6,045 Profit (loss) from discontinued operations (net of non-controlling interests) (B) — — — Denominator for basic earnings per share (number of shares outstanding) Weighted average number of shares outstanding 5,793 5,988 6,424 Average treasury shares (10) (5) (9) Share buyback program ⁽²⁾ (13) (28) (225) Adjusted number of shares - Basic earnings per share (C) 5,769 5,954 6,189 Adjusted number of shares - diluted earnings per share (D) 5,769 5,954 6,189 Earnings (losses) per share 1.68 1.29 0.98 Basic earnings (losses) per share from continuing operations (Euros per share) A-B/C 1.68 1.29 0.98 Diluted earnings (losses) per share from continuing operations (Euros per share) A-B/D 1.68 1.29 0.98 Basic earnings (losses) per share from discontinued operations (Euros per share) B/C — — — Diluted earnings (losses) per share from discontinued operations (Euros per share) B/D — — — (1) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4). (2) For the calculation of earnings per share, the average number of shares in a year takes into account the redemptions made in such year related to the share buyback programs announced (see Note 4). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). As of December 31, 2024, 2023 and 2022, 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, 2025
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, 2024, the structure of the information by operating segments and the Corporate Center reported by the BBVA Group remains the same as that as of the closing of the 2023 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 for the consolidated BBVA Group, 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. The breakdown of the BBVA Group’s total assets by operating segments and the Corporate Center as of December 31, 2024, 2023 and 2022 is as follows: Total Group assets by operating segments (Millions of Euros) 2024 2023 ⁽¹⁾ 2022 ⁽¹⁾ ⁽²⁾ Spain 417,752 457,573 427,049 Mexico 168,470 173,489 142,557 Turkey 82,782 68,329 66,036 South America 73,997 64,779 61,951 Rest of Business 66,534 64,274 49,952 Subtotal assets by operating segments 809,536 828,445 747,545 Corporate Center and adjustments (37,134) (52,886) (35,453) Total assets BBVA Group 772,402 775,558 712,092 (1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “ Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts ”). The following table sets forth certain summarized information relating to results of each operating segment and Corporate Center for the years ended December 31, 2024, 2023 and 2022: 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) 2024 Net interest income 25,267 6,435 11,556 1,492 5,589 741 (546) Gross income 35,481 9,490 15,337 4,212 5,405 1,458 (421) Operating profit (loss) before tax 15,405 5,309 7,522 1,741 1,342 634 (1,142) Attributable profit (loss) 10,054 3,784 5,447 611 635 500 (924) 2023 ⁽²⁾ 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 3,897 7,329 1,324 1,189 489 (1,809) Attributable profit (loss) 8,019 2,720 5,319 527 601 396 (1,544) 2022 ⁽²⁾ ⁽³⁾ 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) Attributable profit (loss) 6,358 1,667 4,131 505 738 240 (922) (1) Adjustments include the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17). (2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group. (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts

Note 7

Note 7	12 Months Ended
	Dec. 31, 2024
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 between Ukraine and Russia and the armed conflicts in the Middle East have caused significant disruptions, instability and volatility in global markets, particularly in energy markets. Uncertainty about the future development of these conflicts is high. The main risk is that they could generate new supply shocks, pushing growth downward and inflation upward, and paving the way for macroeconomic and financial instability episodes. 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 and the rise of populism may lead, among other things, to a deglobalization of the world economy, an increase in protectionism, a general reduction of international trade and a reduction in the integration of financial markets. The policies to be adopted by the new United States government, from January 20, 2025, are an additional source of uncertainty for the global economy. Some of the measures recently advocated by the incoming administration, such as the adoption of higher import tariffs and tighter immigration controls, may increase inflationary pressures and weaken economic growth. Fiscal, regulatory, industrial, foreign and other policies could also generate financial and macroeconomic volatility. In the current context, one of the main risks is that inflation remains high, either due to new supply shocks, related for example to the previously mentioned geopolitical and political risks or climate events, or due to demand factors, caused by an excessively expansionary fiscal policy, the robustness of labor markets, or other factors. Significant inflationary pressures could lead to interest rates remaining higher than currently forecasted, which could negatively affect the macroeconomic environment and financial markets. Another macroeconomic risk is the possibility of a sharp global growth slowdown. In a context marked by uncertainty and still elevated interest rates, labor markets and aggregate demand could weaken more significantly than expected. Moreover, despite increasing economic stimulus measures, growth in China could slow sharply, with a potentially negative impact on many geographical areas, due to tensions in real estate markets and economic sanctions imposed by the United States, among other factors. Furthermore, there is a growing risk of tensions in sovereign debt markets, given the high levels of public debt in many developed and emerging countries, the relatively high interest rates, and expectations of slower economic growth. 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 shocks such as, for example, an increase in oil and gas prices to very high levels, 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 exchange rates; an unfavorable evolution of the real estate market; 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; the impact of the upcoming policies of the new U.S. administration, about which there is significant uncertainty; and episodes of volatility in the financial markets, which could cause significant losses for the Group. 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. The persistence of interest rates at relatively high levels or any increase in interest rates in the future 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. Moreover, the Group’s results of operations have been affected by inflation in all countries in which BBVA operates, especially Turkey and Argentina. In particular, in Spain, political, regulatory and economic uncertainty has also increased since the July 2023 general elections; there is a risk that policies could have an adverse impact on the economy or the Group. There is also a risk that the impact on financial conditions of political tensions in other European countries could to some extent affect Spain. In Mexico, there is high uncertainty on the impact of the recently approved constitutional reforms, as well as on the policies that will be adopted by the new local government and by the new U.S. administration (in particular, if protective measures adopted by the United States become more aggressive or persist over time, which could adversely impact the country's economic growth). In Turkey, 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 pressures on the Turkish lira, high inflation, a significant trade deficit, low central bank’s foreign reserves and high external financing costs. There is also uncertainty about the impact of the geopolitical context in the Middle East on Turkey. In particular, recent regime changes in Syria create opportunities, such as a potential increase in exports and lower migratory pressures, but also risks, which could cause greater volatility of Turkish financial assets, among other possible effects. 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, official interest rates, the regulatory and macroprudential policies affecting the banking sector and the currency depreciation have affected and may continue to affect the Group’s results. In Argentina, the risk of economic and financial turbulence persists in a context in which the government has substantially modified the economic policy framework and has focused its efforts on implementing strong fiscal and monetary adjustments to reduce inflation. Finally, in Colombia and Peru, climate factors, political tensions 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. 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 (see "Environmental, social and governance (“ESG”) risks may adversely impact the Group"). 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, 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. There are also claims before the Spanish courts challenging the validity of certain revolving credit card agreements. Rulings in these types of proceedings, whether against the Bank or other financial institutions, could negatively affect the Group. Additionally, in relation to the ESG area, factors that may affect these new business, operational and legal risks have been identified (see "Environmental, social and governance ("ESG") risks may 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, 2024, the Group had €791 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 €610 million correspond to legal contingencies and €181 million to tax related matters. However, the uncertainty arising from these proceedings (including those for which no provisions have been made, either because the probability of an unfavorable outcome for the Group is estimated to be remote, or because it is not possible to estimate them or for other reasons) makes it impossible to guarantee that the possible losses arising from the resolution of 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 which may otherwise affect the Group, whether 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. By order of the Criminal Chamber of the National High Court, the pre-trial phase ended on January 29, 2024. On June 20, 2024, the Judge issued an order authorizing the continuation of abbreviated criminal proceedings against the Bank and certain current and former officers and employees of the Bank, as well as against some former directors, for alleged facts which could constitute bribery and revelation of secrets. 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. Environmental, social and governance (ESG) risks may adversely impact the Group ESG factors present risks associated with (i) climate change, including physical risks and transition risks (linked, among others, to changes in regulations, technologies, and market preferences associated with the transition to a less carbon-dependent economy); (ii) other environmental factors, such as biodiversity loss, water stress and other nature-related factors; (iii) social factors, such as human rights, inclusion, diversity and workplace safety; and (iv) corporate governance matters, such as the governance of environmental and social risks. ESG risks include short, medium and long-term risks that may adversely affect the Group and its customers or counterparties. Such risks are expected to increase and/or evolve over time. Among others, they include the following: – Physical risks. The activities of the Group or those of its customers or counterparties could be adversely affected by the physical risks (including acute and chronic) arising from climate change or other environmental challenges. For example, extreme weather events may damage or destroy properties and other assets of the Group or those of its customers or counterparties, make the insurance against certain risks more expensive or unfeasible, 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 granted as collateral to the Group. The Group is also exposed to potential long-term physical risks arising from climate change and other environmental challenges, such as any ensuing deterioration in economic conditions that results in credit-related costs, or potential impacts on the Group’s assets and operations. The Group could also be required to change its business models in response to the foregoing. – Legal and regulatory risks. Legal and regulatory changes related to how banks are required to manage climate and other ESG risks or otherwise affecting banking practices or disclosure of information may result in higher compliance, operational and credit risks and costs. The Group’s customers and counterparties may be exposed to similar risks. Further, legal and regulatory changes may result in legal uncertainty and the existence of overlapping or conflicting regulatory or other requirements. They may also give rise to regulatory asymmetries whereby some persons, including the Group and its customers and counterparties, are more heavily regulated than others, placing such persons at a disadvantage. The Group or its customers or counterparties may be unable to meet any new requirements on a timely basis or at all, including new product and service specifications, governance frameworks and practices and disclosure requirements and standards. 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 ESG risks in the existing prudential framework is still developing and may result in increased risk weighting of certain assets. Moreover, there are significant risks and uncertainties inherent in the development of adequate risk assessment and modelling capabilities with respect to ESG-related matters 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 and other ESG-related challenges could result in increased litigation by different stakeholders (including non-governmental organizations (NGOs)) 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 the Group’s 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, increased ESG awareness. Further, the funding costs of businesses that are perceived to be more exposed to climate change or to other ESG-related risks 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 or other ESG-related factors, 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 and other ESG-related challenges as a risk by society, shareholders, customers, governments and other stakeholders (including NGOs) 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 ESG-related policies, goals, disclosures or communications. The Group’s reputation and ability to attract or retain customers may be harmed if its efforts to reduce ESG-related 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. At the same time, the Group may refrain from undertaking lending or investing activities or other services that would otherwise have been profitable in order to fulfill its obligations or 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 ESG-related policies, goals and disclosure may result in litigation and investigations and supervisory actions (including potential greenwashing claims). The Group has disclosed certain aspirational ESG-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 regulation and policy, the pace of technological change and innovation and the actions of governments and the Group’s customers and competitors. Potential greenwashing claims arising from ESG-related statements, disclosure and/or actions of the Group may also give rise to reputational risks. 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. In addition, credit risk is affected by climate change risk, mainly through physical and transition risks that may impact the payment capacity of counterparties and the valuation of the collateral used and, therefore, expected credit losses (see "Environmental, social and governance (“ESG”) risks may adversely impact the Group"). In 2024, the Group has begun incorporating climate risk factors into the process of calculating expected credit losses for loan portfolios through statistical models that consider both potential damage to collateral and the effect on customers' ability to pay due to physical and transition risks in the Group's main geographies (Spain, Mexico and Turkey). In particular, transition risk has been assessed using an approach that allows capturing its effect on the probability of default (PD) and the impact on customers' provisions in Stage 2 as well as a transfer of exposures from Stage 1 to Stage 2 for corporate portfolios. For physical risk, an approach has been used that would allow estimating the potential deterioration in the value of collateral (real estate assets in corporate and retail portfolios) and its effect on LGD. As of December 31, 2024, the impact recorded for these risks was not significant. The Group will continue working to incorporate in these models the information available from time to time. Support measures In previous years, the Group reported information on the support measures that it provided to its customers under various legislative and sectorial initiatives. These measures included, in particular, those related to the COVID-19 pandemic, which affected several countries and geographical areas where the Group operates. In Spain, it included measures adopted under Royal Decree-Law 6/2022, to alleviate liquidity tensions due to the increases in energy prices and raw materials. These measures have not had any significant impact on the consolidated financial statements of the BBVA Group as of and for the year ended December 31, 2024. In addition, in Spain, the Code of Good Practices regulated by Royal Decree-Law 6/2012, as well as its subsequent amendments, establishes a code of good practices to alleviate the impact of the rise in interest rates on mortgage loans for primary residences, adopting other structural measures to improve the loan market. Up to the date of preparation of these Consolidated Financial Statements, the number and amount of operations granted to clients in compliance with this Code of Good Practices remain reduced. In 2024, these support measures implemented in Spain were supplemented by those introduced by Royal Decree-Law 6/2024, which adopted urgent measures to address the damage caused by the torrential rains and floods - Isolated Depression in High Levels - (DANA) in various Spanish municipalities between October 28 and November 4, 2024, especially in the Valencian Community. These measures include the granting of state-guaranteed financing and payment deferrals for borrowers meeting specific requirements. The BBVA Group is facilitating the channelling of this financing through the so-called "DANA Guarantee Line" and granting payment deferrals in accordance with the provisions of Royal Decree-Law 6/2024. These measures have not had any significant impact on the consolidated financial statements of the BBVA Group as of and for the year ended December 31, 2024. 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 f

Note 8

Note 8	12 Months Ended
	Dec. 31, 2024
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 are 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, 2024, the affected instruments at fair value accounted for approximately 0.66% of financial assets and 0.48% 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, 2024, 2023 and 2022: Fair value of financial instruments recognized at fair value by levels. December 2024 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 108,948 26,332 80,323 2,292 Derivatives 36,003 969 34,591 443 Equity instruments 6,760 6,602 76 83 Debt securities 27,955 18,762 8,438 756 Loans and advances 38,230 — 37,218 1,011 Non-trading financial assets mandatorily at fair value through profit or loss 11 10,546 8,511 617 1,418 Equity instruments 9,782 8,309 107 1,365 Debt securities 407 202 173 31 Loans and advances 358 — 336 21 Financial assets designated at fair value through profit or loss 12 836 774 62 — Debt securities 836 774 62 — Financial assets at fair value through other comprehensive income 13 59,002 50,354 7,515 1,133 Equity instruments 1,451 1,157 79 216 Debt securities 57,526 49,173 7,436 917 Loans and advances to credit institutions 25 25 — — Derivatives – Hedge accounting 15 1,158 — 1,158 — LIABILITIES Financial liabilities held for trading 10 86,591 14,308 71,072 1,211 Trading derivatives 33,059 1,118 31,400 541 Short positions 13,878 13,189 673 15 Deposits 39,654 — 38,999 656 Financial liabilities designated at fair value through profit or loss 12 14,952 — 12,865 2,087 Deposits from credit institutions — — — — Customer deposits 934 — 934 — Debt certificates issued 4,597 — 2,511 2,087 Other financial liabilities 9,420 — 9,420 — Derivatives – Hedge accounting 15 2,503 — 2,480 23 Fair value of financial instruments recognized at fair value 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 recognized at fair value 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 Note 1.3). The following table sets forth the main valuation techniques, hypothesis and inputs used in the estimation of fair value of the financial instruments recognized 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, 2024, 2023 and 2022. 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, 2024, 2023 and 2022. Unobservable inputs. December 2024 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 113 3,907 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 0 % 95 % 233 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 2.09 % 3.70 % 7.11 % % Credit Derivatives Gaussian Copula Correlation default 19 % 59 % 92 % % Black 76 Price volatility — — — Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 48 % 99 % % Volatility 5.07 30.90 122.35 Vegas FX Derivatives Option models on FX underlyings Volatility 3.93 9.46 14.91 Vegas IR Derivatives Option models on IR underlyings Beta 3.00 % 5 % 11 % % Correlation rate/credit (100 %) 100% % Correlation rate/inflation 42 % 74 % 95 % % (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 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 % % 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 % % 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. 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 (hereinafter "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, 2024 and 2023, related to OCA were €393 million and €406 million, respectively. The amounts recognized in the consolidated balance sheets as of December 31, 2024, 2023 and 2022 related to the valuation adjustments incorporated to the credit assessment derivative assets amounted to €-205 million €-133 million and €-158 million, respectively as Credit Valuation Adjustments (CVA), and amounted to €116 million, €91 million and €135 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 €17 million for the year ended December 31, 2024 and €26 million and €0 million in 2023 and 2022, respectively. 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, 2024, 2023 and 2022, €-19 million, €-16 million and €-16 million related to the FVA were recognized in the consolidated balance sheet, being the impact on results not significant. 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, 2024 corresponding to the mentioned adjustments was a net impact of €-53 million. An adjustment was also made as of December 31, 2024 on financial assets at fair value through other comprehensive income for a total of €-17 million (€-15 million and €-11 million in 2023 and 2022, respectively). 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) 2024 2023 2022 ⁽¹⁾ Assets Liabilities Assets Liabilities Assets Liabilities Balance at the beginning 4,264 3,467 3,931 2,743 5,301 2,054 Changes in fair value recognized in profit and loss ⁽²⁾ 490 144 (7) 113 289 (131) Changes in fair value not recognized in profit and loss 29 — 21 (1) (62) 14 Acquisitions, disposals and liquidations 397 (59) 27 374 (783) 782 Net transfers to level 3 (330) (165) 289 204 (750) 74 Exchange differences and others (6) (67) 3 34 (64) (50) Balance at the end 4,843 3,321 4,264 3,467 3,931 2,743 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2024, 2023 and 2022. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”. During 2024, there was an increase in positions classified as level 3, mainly concentrated in cash fixed-income positions due to unobservability in market prices applied in their valuation. No significant changes were observed in other positions, such as derivatives, reverse repurchase agreements and cash variable-income positions. In 2023, as a result of the implementation of the multifactor criteria in the classification, which considered all the risk factors of the exposures, their observability and uncertainty, there was a reduction in exposure to level 3 derivatives, offset by an increase in exposure classified at level 3 in repurchase agreements positions due to unobservability in the inputs used in their valuation. The increase in Level 3 exposure was mainly related to 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 was 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 used in their fair value valuation. For the years ended December 31, 2024, 2023 and 2022, 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, 2024, 2023 and 2022 are at the following amounts in the consolidated balance sheets as of December 31, 2024, 2023 and 2022: Transfers among levels. December 2024 (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 115 — 1,238 78 16 199 Non-trading financial assets mandatorily at fair value through profit or loss 68 14 1 — 35 18 Financial assets designated at fair value through profit or loss — — 1 — — — Financial assets at fair value through other comprehensive income 1,425 17 1,348 12 13 170 Derivatives – Hedge accounting — — — — — — Total 1,608 31 2,586 90 64 387 LIABILITIES Financial liabilities held for trading 10

Note 9

Note 9	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Cash on hand 8,636 7,751 6,533 Cash balances at central banks ⁽¹⁾ 35,306 60,750 67,314 Other demand deposits 7,202 6,916 5,909 Total 8.2 51,145 75,416 79,756

Note 10

Note 10	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ASSETS Derivatives 36,003 34,293 39,908 Equity instruments 7.2.2 6,760 4,589 4,404 Credit institutions 393 277 317 Other sectors 6,367 4,312 4,086 Debt securities 7.2.2 27,955 28,569 24,367 Issued by central banks 768 740 821 Issued by public administrations 23,671 24,766 20,703 Issued by financial institutions 1,665 1,824 1,365 Other debt securities 1,852 1,239 1,477 Loans and advances 7.2.2 38,230 73,590 41,993 Loans and advances to central banks 556 2,809 1,632 Reverse repurchase agreement 556 2,809 1,632 Loans and advances to credit institutions 20,938 56,599 25,231 Reverse repurchase agreement (1) 20,918 56,569 25,201 Loans and advances to customers 16,736 14,182 15,130 Reverse repurchase agreement 15,108 13,615 14,832 Total assets 8.1 108,948 141,042 110,671 LIABILITIES Derivatives 33,059 33,045 37,909 Short positions 13,878 15,735 13,487 Deposits 39,654 72,935 44,215 Deposits from central banks 3,360 6,397 3,950 Repurchase agreement 3,360 6,397 3,950 Deposits from credit institutions 16,285 43,337 28,924 Repurchase agreement (1) 15,994 42,676 28,573 Customer deposits 20,010 23,201 11,341 Repurchase agreement 19,913 23,157 11,302 Total liabilities 8.1 86,591 121,715 95,611 (1) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. partially offset by the evolution of "Repurchase agreement" principally of BBVA, S.A. As of December 31, 2024, 2023 and 2022 “Short positions” include €13,010 million, €14,914 million and €12,544 million, respectively, held with the Spanish government and other government agencies. 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, 2024, 2023 and 2022, most of the derivatives were mainly contracted in over-the-counter (OTC) markets, with counterparties, consisting primarily of credit institutions and other financial institutions. These derivatives are linked to foreign-exchange rate risk, interest-rate risk and changes in equity instruments. Below is a breakdown by type of risk and market, of the fair value and notional amounts of financial 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) 2024 2023 2022 Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Interest rate 11,588 9,627 4,951,022 15,251 13,171 4,741,629 19,563 18,220 4,286,531 OTC 11,579 9,622 4,930,657 15,248 13,167 4,722,314 19,558 18,215 4,278,249 Organized market 10 4 20,365 3 4 19,315 5 5 8,282 Equity instruments 2,944 4,303 75,045 2,587 3,723 70,804 3,067 3,770 76,749 OTC 682 2,347 38,612 1,212 2,551 49,038 1,810 2,127 52,739 Organized market 2,261 1,956 36,433 1,375 1,172 21,767 1,257 1,643 24,010 Foreign exchange and gold 21,060 18,704 825,158 15,911 15,608 632,780 16,971 15,528 589,705 OTC 21,056 18,698 810,770 15,889 15,590 623,203 16,954 15,505 580,850 Organized market 4 7 14,388 22 18 9,577 17 23 8,855 Credit 386 375 42,799 543 542 31,478 299 383 43,450 Credit default swap 349 369 40,847 540 528 29,844 293 282 41,760 Credit spread option — — — — — — — — — Total return swap 37 — 1,952 3 14 1,475 7 101 1,665 Other — 6 — — — 159 — — 25 Commodities 25 50 1,939 1 1 169 9 8 60 DERIVATIVES 36,003 33,059 5,895,964 34,293 33,045 5,476,860 39,908 37,909 4,996,495 Of which: OTC - credit institutions 26,039 23,135 1,742,720 23,998 23,977 1,463,433 28,385 26,454 1,205,895 Of which: OTC - other financial corporations 3,383 4,212 3,914,640 5,042 4,412 3,815,162 5,745 4,493 3,587,546 Of which: OTC - other 4,306 3,744 166,402 3,854 3,461 147,310 4,501 5,290 161,882

Note 11

Note 11	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Equity instruments 7.2.2 9,782 7,963 6,511 Debt securities 7.2.2 407 484 129 Loans and advances 7.2.2 358 290 247 Total 8.1 10,546 8,737 6,888 The equity instruments included in this heading mainly comprised financial assets related to the insurance activity of the BBVA Group, including investments associated with life insurance products where the investment risk is assumed by the policyholder, such as the Unit-link products.

Note 12

Note 12	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ASSETS Debt securities 7.2.2 / 8.1 836 955 913 LIABILITIES Customer deposits 934 717 700 Debt certificates issued 4,597 3,977 3,288 Other financial liabilities: Unit-link products 9,420 8,605 6,592 Total liabilities 8.1 14,952 13,299 10,580 This heading includes mainly liabilities linked to insurance products where the risk is assumed by the policyholder (Unit-link products). Since the liabilities linked to insurance products in which the policyholder assumes the risk are valued the same way as the assets associated with such insurance products, there is no credit risk borne by the Group in relation to these liabilities. In addition, debt securities are included in these headings to reduce inconsistencies (asymmetries) in the valuation of such operations and those operations used to manage the risk associated with them.

Note 13

Note 13	12 Months Ended
	Dec. 31, 2024
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 of financial assets at fair value through other comprehensive income by type of financial instrument as of December 31, 2024, 2023 and 2022 is as follows: Financial assets at fair value through other comprehensive income (Millions of Euros) Notes 2024 2023 2022 Equity instruments 7.2.2 1,451 1,217 1,198 Debt securities (1) 57,526 60,963 64,150 Loans and advances to credit institutions 7.2.2 25 26 26 Total 8.1 59,002 62,205 65,374 Of which: loss allowances of debt securities (112) (84) (123) (1) During financial years 2024 and 2023, there have been no significant reclassifications from the heading “Financial assets at fair value through other comprehensive income” to other headings or from other headings to “Financial assets at fair value through other comprehensive income”. In 2022, it includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 in 2022 (see Note 1.3). Equity instruments The breakdown of the balance under the heading "Equity instruments" of the consolidated balance sheets as of December 31, 2024, 2023 and 2022 is as follows: Financial assets at fair value through other comprehensive income. Equity instruments (Millions of Euros) 2024 2023 2022 Listed equity instruments Spanish companies shares 1,100 987 960 Foreign companies shares 131 111 138 Mexico 27 33 31 The United States 79 52 44 Turkey 9 6 7 Other countries 17 20 56 Subtotal listed equity instruments 1,231 1,098 1,098 Unlisted equity instruments Spanish companies shares 46 12 12 Foreign companies shares 174 106 87 Subtotal unlisted equity instruments 220 119 100 Total 1,451 1,217 1,198 Debt securities The breakdown of the balance under the heading “Debt securities” of the consolidated financial statements as of December 31, 2024, 2023 and 2022, broken down by issuers, is as follows: Financial assets at fair value through other comprehensive income. Debt securities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Domestic debt securities Government and other government agency 10,383 13,757 17,429 Credit institutions 695 901 854 Other issuers 397 454 495 Subtotal 11,475 15,111 18,779 Foreign debt securities Mexico 20,461 21,714 16,819 Government and other government agency 19,313 20,364 15,452 Credit institutions 759 886 777 Other issuers 389 464 590 The United States 6,552 6,344 5,202 Government and other government agency 3,703 3,174 2,716 Credit institutions 41 88 93 Other issuers 2,808 3,082 2,393 Turkey 2,849 2,459 3,858 Government and other government agency 2,837 2,445 3,858 Other issuers 12 14 — Other countries 16,190 15,336 19,493 Other foreign governments and government agency 10,059 8,961 10,340 Central banks 370 508 3,094 Credit institutions 1,921 1,895 2,167 Other issuers 3,840 3,971 3,892 Subtotal 46,052 45,852 45,372 Total 57,526 60,963 64,150 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). The credit ratings of the issuers of debt securities as of December 31, 2024, 2023 and 2022 are as follows: Debt securities by rating 2024 2023 2022 Fair value (Millions of Euros) % Fair value (Millions of Euros) % Fair value (Millions of euros) % AAA 1,370 2.4 % 1,000 1.6 % 3,339 5.2 % AA+ 4,170 7.2 % 3,685 6.0 % 490 0.8 % AA 261 0.5 % 384 0.6 % 420 0.7 % AA- 1,061 1.8 % 642 1.1 % 501 0.8 % A+ 905 1.6 % 1,798 3.0 % 3,866 6.0 % A 2,007 3.5 % 1,747 2.9 % 1,725 2.7 % A- 12,018 20.9 % 16,009 26.3 % 20,350 31.7 % BBB+ 19,897 34.6 % 22,854 37.5 % 17,252 26.9 % BBB 9,212 16.0 % 8,327 13.7 % 7,470 11.6 % BBB- 922 1.6 % 858 1.4 % 1,111 1.7 % BB+ or below 5,227 9.1 % 3,480 5.7 % 7,366 11.5 % Unclassified 474 0.8 % 178 0.3 % 258 0.4 % Total 57,526 100.0 % 60,963 100.0 % 64,150 100.0 % Gains/losses The changes in the gains/losses (net of taxes) in 2024, 2023 and 2022 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 2024 2023 2022 ⁽¹⁾ 2024 2023 2022 ⁽¹⁾ Balance at the beginning (357) (809) 1,274 (1,112) (1,194) (1,079) Valuation gains and losses (568) 659 (3,049) 228 80 (112) Amounts transferred to income 247 5 20 Amounts transferred to Reserves — 2 (2) Income tax and other 101 (211) 946 (20) (1) (1) Balance at the end 30 (576) (357) (809) (905) (1,112) (1,194) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14

Note 14	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Debt securities 59,014 49,462 36,639 Central banks 6 22 21 Government 54,806 45,124 34,648 Credit institutions 2,459 2,366 400 Other financial corporations 451 923 602 Non-financial corporations 1,292 1,027 967 Loans and advances to central banks 8,255 7,151 4,401 Loans and advances to credit institutions 22,655 17,477 16,031 Reverse repurchase agreement 9,157 5,786 5,251 Other loans and advances 13,497 11,690 10,780 Loans and advances to customers 7.2.2 412,477 377,643 357,351 Government 22,111 23,265 20,892 Other financial corporations 17,497 13,251 12,765 Non-financial corporations 193,386 171,063 165,433 Other 179,483 170,063 158,261 Total 8.1 502,400 451,732 414,421 Of which: impaired assets of loans and advances to customers 7.2.2 14,211 14,444 13,493 Of which: loss allowances of loans and advances 7.2.5 (11,630) (11,316) (11,291) Of which: loss allowances of debt securities (57) (82) (91) (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). 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) 2024 2023 2022 ⁽¹⁾ Domestic debt securities Government and other government agencies 35,664 25,857 18,397 Credit institutions 1,099 1,028 — Other issuers 367 230 144 Subtotal 37,130 27,114 18,541 Foreign debt securities 21,884 Mexico 4,139 6,277 4,222 Government and other government agencies 4,076 6,205 4,198 Credit institutions 63 72 24 Other issuers — — — The United States 2,505 2,229 2,215 Government and other government agencies 2,463 2,188 2,159 Credit institutions 20 19 25 Other issuers 22 21 31 Turkey 6,764 6,284 5,332 Government and other government agencies 6,622 6,167 5,325 Credit institutions 7 8 6 Other issuers 135 109 — Other countries 8,476 7,558 6,328 Other foreign governments and other government agency 5,982 4,707 4,568 Central banks 6 22 21 Credit institutions 1,269 1,239 345 Other issuers 1,219 1,591 1,394 Subtotal 21,884 22,348 18,097 Total 59,014 49,462 36,639 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). As of December 31, 2024, 2023 and 2022, 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 2024 2023 2022 ⁽¹⁾ Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % AAA 1,907 3.2 % 1,829 3.7 % 3,068 8.4 % AA+ 3,418 5.8 % 3,096 6.3 % 217 0.6 % AA 69 0.1 % 142 0.3 % 82 0.2 % AA- 1,027 1.7 % 60 0.1 % 76 0.2 % A+ 22 — % 25 0.1 % 13 — % A 497 0.8 % 444 0.9 % 524 1.4 % A- 34,652 58.7 % 24,739 50.0 % 17,050 46.5 % BBB+ 4,518 7.7 % 6,615 13.4 % 4,710 12.9 % BBB 4,105 7.0 % 4,551 9.2 % 4,091 11.2 % BBB- 890 1.5 % 548 1.1 % 351 1.0 % BB+ or below 7,199 12.2 % 6,642 13.4 % 5,789 15.8 % Unclassified 711 1.2 % 772 1.6 % 667 1.8 % Total 59,014 100.0 % 49,462 100.0 % 36,639 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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) 2024 2023 2022 ⁽¹⁾ On demand and short notice 5,307 3,040 4,101 Credit card debt 27,720 22,889 18,898 Trade receivables 31,693 25,096 25,987 Finance leases 10,125 9,463 8,571 Reverse repurchase agreement 262 92 102 Other term loans 331,451 312,186 294,059 Advances that are not loans 5,919 4,877 5,633 Total 412,477 377,643 357,351 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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, 2024, 2023 and 2022: Loans and advances maturing in more than one year by fixed and variable rate (Millions of Euros) 2024 2023 2022 Domestic Foreign Total Domestic Foreign Total Domestic Foreign Total Fixed rate 67,284 85,473 152,757 63,060 77,381 140,441 59,394 67,874 127,269 Variable rate 62,359 65,493 127,851 66,188 61,723 127,911 69,647 53,440 123,087 Total 129,642 150,966 280,608 129,248 139,104 268,352 129,042 121,314 250,356 As of December 31, 2024, 2023 and 2022, 54%, 52% and 51%, respectively, of "Loans and advances to customers" with maturity greater than one year have fixed-interest rates and 46%, 48% and 49%, 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) 2024 2023 2022 Securitized mortgage assets 19,537 20,406 23,290 Other securitized assets 8,702 8,493 5,495 Total 28,239 28,899 28,784 The heading of Loans and advances to customers includes a deposit with the Bank of France associated with the contribution to the Single Resolution Fund for the years 2018, 2017 and 2016, which was made in the form of an irrevocable payment commitment, given that its amount is considered to be recoverable as of December 31, 2024. The resolution of the appeal filed with the Court of Justice of the European Union by a financial institution outside the Group against the decision of the Court of Justice of the European Union rejecting the return of amounts deposited is pending. This could lead to a claim by the Single Resolution Board. In any case, the BBVA Group balance of this deposit as of December 31, 2024 is not significant.

Note 15

Note 15	12 Months Ended
	Dec. 31, 2024
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]	Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedges of interest rate risk The breakdown of 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) 2024 2023 2022 ASSETS Derivatives - Hedge accounting 1,158 1,482 1,891 Fair value changes of the hedged items in portfolio hedges of interest rate risk (65) (97) (148) LIABILITIES Derivatives - Hedge accounting 2,503 2,625 3,303 Fair value changes of the hedged items in portfolio hedges of interest rate risk — — — As of December 31, 2024, 2023 and 2022, 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 debt 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 debt 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 2024 2023 2022 Assets Liabilities Assets Liabilities Assets Liabilities Interest rate 257 344 422 364 656 376 OTC 257 344 422 364 656 376 Organized market — — — — — — Equity — — — — — — OTC — — — — — — Organized market — — — — — — Foreign exchange and gold 73 93 221 31 259 83 OTC 73 93 221 31 259 83 Organized market — — — — — — Credit — — — — — — Commodities — — — — — — Other — — — — — — FAIR VALUE HEDGES 330 437 644 395 915 459 Interest rate 618 1,513 490 2,048 470 2,763 OTC 615 1,513 483 2,048 454 2,763 Organized market 3 — 7 — 16 Equity — — — — — — Foreign exchange and gold 142 431 291 41 239 46 OTC 142 431 291 41 239 45 Organized market — — — 1 — 1 Credit — — — — — — Commodities — — — — — — Other — — — — — — CASH FLOW HEDGES 760 1,944 781 2,089 708 2,809 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 66 122 27 136 213 26 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 2 — 3 5 7 8 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — 27 — 48 1 DERIVATIVES-HEDGE ACCOUNTING 8.1 1,158 2,503 1,482 2,625 1,891 3,303 of which: 932 2,005 1,237 2,404 1,577 2,911 of which: 223 499 237 221 297 391 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 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 ASSETS Financial assets measured at fair value through other comprehensive income 10,449 11,308 (409) (652) 155 172 — — 16 (5) Debt securities 10,449 11,308 (409) (652) 155 172 — — Interest rate 10,446 11,308 (409) (652) 155 172 — — Foreign exchange and gold 2 — — — — — — — Other — — — — — — — — Loans and advances — — — — — — — — Interest rate — — — — — — — — Foreign exchange and gold — — — — — — — — Other — — — — — — — — Financial assets measured at amortized cost 3,003 3,248 (16) (114) 519 685 753 936 (2) 14 Debt securities 2,232 2,304 (48) (119) 519 685 — — Interest rate 2,232 2,304 (48) (119) 519 685 — — Foreign exchange and gold — — — — — — — — Loans and advances 771 944 32 5 — — 753 936 Interest rate 757 944 32 5 — — 753 936 Foreign exchange and gold 14 — — — — — — — LIABILITIES Financial liabilities measured at amortized costs 45,613 47,180 96 509 1 — — — (5) (20) Debt securities issued 42,521 37,916 172 600 1 — — — Interest rate 42,521 37,915 172 600 1 — — — Foreign exchange and gold — 1 — — — — — — Deposits 3,092 9,263 (75) (91) — — — — Interest rate 3,092 9,258 (75) (91) — — — — Foreign exchange and gold — 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, 2024: 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 5,183 10,799 23,509 20,530 60,021 Of which: Interest rate 5,160 10,650 22,903 20,023 58,735 CASH FLOW HEDGES 4,280 16,775 13,346 5,286 39,687 Of which: Interest rate 4,280 16,577 11,689 2,801 35,348 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 12,222 861 — 150 13,234 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 893 179 1,364 406 2,841 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — — 47 47 DERIVATIVES-HEDGE ACCOUNTING 22,579 28,614 38,218 26,419 115,830 In 2024, 2023 and 2022, there was no reclassification in the consolidated income statements of any amount that was previously recognized in equity (see Note 41). The amount of the derivatives designated as accounting hedges that did not pass the effectiveness test in the years ended December 31, 2024, 2023 and 2022 was not material.

Note 16

Note 16	12 Months Ended
	Dec. 31, 2024
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 “Joint ventures and associates” in the consolidated balance sheets is as follows: Joint ventures and associates. Breakdown by entities (Millions of Euros) 2024 2023 2022 Joint ventures Altura Markets, S.V., S.A. 38 31 42 RCI Colombia 37 40 36 Other 19 22 22 Subtotal 94 93 100 Associates Metrovacesa, S.A. 300 259 259 BBVA Allianz Seguros y Reaseguros, S.A. 265 251 248 Atom Holdco Limited 222 211 132 Redsys Servicios de Procesamiento, S.L. 20 22 20 Servicios Electrónicos Globales S.A. de C.V. 43 36 23 Other 45 105 134 Subtotal 895 883 816 Total 989 976 916 Details of the joint ventures and associates as of December 31, 2024 are shown in Appendix II. The following is a summary of the changes in the years ended December 31, 2024, 2023 and 2022 under this heading in the consolidated balance sheets: Joint ventures and associates. Changes in the year (Millions of Euros) Notes 2024 2023 2022 Balance at the beginning 976 916 900 Acquisitions and capital increases 4 95 87 Disposals and capital reductions (28) (42) (88) Transfers and changes of consolidation method (69) 4 — Share of profit and loss 39 40 26 21 Exchange differences 7 16 (1) Impairment / reversal of impairment ⁽¹⁾ 63 (9) 42 Dividends, valuation adjustments and other (5) (30) (44) Balance at the end 989 976 916 (1) See Note 16.3. During the year 2024, the most significant changes under the heading "Joint ventures and associates" correspond to Solaris and Compañía Española de Financiación del Desarrollo S.A . (Cofides) that left the scope of the consolidation perimeter in the first half of the year when the Group ceased to have significant influence in either entity. During the years 2023 and 2022, the most significant changes under the heading "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. 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, 2024, 2023 and 2022 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, 2024, 2023 and 2022 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, 2024, a net reversal of impairment was recorded for €63 million; for the year ended December 31, 2023, a net impairment was recorded for €9 million; while for the year ended December 31, 2022, a net reversal of impairment was recorded for €42 million (see Note 48).

Note 17

Note 17	12 Months Ended
	Dec. 31, 2024
Tangible Assets [Abstract]
Disclosure of tangible assets [Text Block]	Tangible assets The breakdown of, and changes in, the balances under 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 2024 (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 6,405 199 6,424 2,212 238 156 800 16,432 Additions 295 110 513 574 2 52 369 1,914 Retirements (38) (1) (89) (332) (32) (10) (63) (566) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 5 (136) 145 (44) 44 (20) — (5) Exchange difference and other (192) (17) (145) 29 — 63 53 (208) Balance at the end 6,475 155 6,848 2,439 251 241 1,158 17,567 Accrued depreciation Balance at the beginning 1,226 — 4,606 906 93 17 49 6,896 Additions 45 123 — 501 324 19 5 — 972 Additions transfer to discontinued operations — — — — — — — — Retirements (25) — (87) (42) — (1) (6) (161) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (4) — 10 22 (22) (1) — 5 Exchange difference and other (56) — (181) (46) — 8 111 (165) Balance at the end 1,262 — 4,850 1,164 91 27 153 7,547 Impairment Balance at the beginning 166 — — 40 61 15 — 283 Additions 49 (65) — 2 (18) 20 31 1 (29) Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers — — — — — (5) — (5) Exchange difference and other 16 — (2) — — (2) (1) 13 Balance at the end 118 — — 22 81 39 — 260 Net tangible assets Balance at the beginning 5,013 199 1,817 1,266 84 124 751 9,253 Balance at the end 5,094 155 1,999 1,253 79 174 1,004 9,759 Tangible assets. Breakdown by type of assets and changes in the year 2023 (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 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 amount in 2022 was affected by 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). 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, 2024, 2023 and 2022, the cost of fully amortized tangible assets that remained in use were €3,186, €2,796 and €2,443 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, 2024, 2023 and 2022: Tangible assets by Spanish and foreign subsidiaries. Net assets values (Millions of euros) 2024 2023 2022 ⁽¹⁾ BBVA and Spanish subsidiaries 4,129 4,183 4,285 Foreign subsidiaries 5,630 5,071 4,452 Total 9,759 9,253 8,737 (1) The number of branches in 2022 was affected by 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 recognized 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 recognized 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, 2024
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, 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 Additions — — — — — — Exchange difference (82) — (11) (1) (1) (95) Impairment — — — — — — Companies held for sale — — — — — — Balance as of December 31, 2024 541 — 132 23 4 700 (1) As a result of the application of IAS 29, as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value, so on January 1, 2022 the goodwill as well as other intangible assets assigned to the Turkish CGU were derecognized. Goodwill in business combinations There were no significant business combinations during 2024, 2023 and 2022. 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 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 GDP of the geographical area where the CGU is located, among others. – The constant growth rate for extrapolating cash flows, starting in the 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, 2024, 2023 and 2022 are as follows: Impairment test assumptions CGU goodwill in Mexico 2024 2023 2022 Discount rate (1) 18.3 % 12.4 % 12.7 % Growth rate 5.5 % 5.6 % 6.3 % (1) After tax discount rates. In accordance with paragraph 33.c of IAS 36, as of December 31, 2024, the Group used a growth rate of 5.5% 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 fifth 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, 2024, 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 (3 %) 3 % Growth rate 2 % (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. 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 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) 2024 2023 2022 Computer software acquisition expense 1,764 1,535 1,393 Other intangible assets with an infinite useful life 9 8 13 Other intangible assets with a definite useful life 17 25 43 Total 1,790 1,568 1,449 The changes of this heading during the years ended December 31, 2024, 2023 and 2022, are as follows: Other intangible assets (Millions of Euros) Notes Computer software Other intangible assets Total of intangible assets 2024 2023 2022 2024 2023 2022 2024 2023 2022 Balance at the beginning 1,535 1,396 1,239 33 56 140 1,568 1,453 1,379 Additions 771 688 592 11 1 — 782 689 592 Amortization in the year 45 (543) (518) (490) (18) (19) (20) (561) (536) (510) Amortization transfer to discontinued operations — — — — — — — — — Exchange differences and other 16 (6) 80 (1) (5) (63) 16 (11) 17 Impairment (15) (26) (25) — — — (15) (26) (25) Balance at the end 1,764 1,535 1,396 26 33 56 1,790 1,568 1,453 As of December 31, 2024, 2023 and 2022, the cost of fully amortized intangible assets that remained in use were €4,214 million, €4,214 million and €3,490 million respectively, while their recoverable value was not significant.

Note 19

Note 19	12 Months Ended
	Dec. 31, 2024
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, 2024, the BBVA consolidated tax group in Spain was undergoing inspection in connection with the years 2017 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. Notwithstanding the above, the application of the temporary tax on credit institutions by BBVA, S.A. for the year 2023 is being reviewed by the Tax Administration. With respect to the other main jurisdictions in which the Group is present and carries out its activity, in Mexico, during fiscal year 2024 the review procedure corresponding to fiscal year 2018 for the income tax of BBVA México, S.A. has continued. With regard to the coverage, if applicable, of tax risks identified in the consolidated financial statements, it may involve either the recording of a provision or a lower deferred tax asset or tax credit to the extent that the risk being hedged had previously given rise to the registration of a deferred tax asset or tax credit. In this regard, in the terms indicated in the previous paragraph, the Group has established provisions that, without prejudice to the uncertainty associated with any ongoing processes, it considers appropriate taking into account the identified risks (in accordance with the relevant evaluation and estimation possibilities of such risks) and that, in no case, are considered individually significant. Without prejudice to the foregoing, due to the possible different interpretations that may be given to certain tax regulations, the results of the inspections that, where appropriate, are carried out by the tax authorities are likely to reveal other contingent tax liabilities, the amount of which It is not possible to quantify objectively at the present time. However, the Group estimates that the possibility of these contingent liabilities materializing is remote and, in any case, the tax debt that could arise from them would not significantly affect the accompanying consolidated financial statements of the Group. Reconciliation of the tax expense 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) 2024 2023 2022 ⁽¹⁾ Amount Effective tax % Amount Effective tax % Amount Effective tax % Profit or (-) loss before tax 15,405 12,419 10,268 From continuing operations 15,405 12,419 10,268 From discontinued operations — — — Taxation at Spanish corporation tax rate 30% 4,622 3,726 3,080 Lower/higher effective tax rate from foreign entities ⁽²⁾ 193 2 317 Mexico (180) 28 % (194) 27 % (203) 26 % Chile (2) 23 % (4) 11 % (8) 13 % Colombia (1) 29 % (25) 14 % 24 37 % Peru (44) 23 % (55) 20 % (16) 27 % Turkey 498 62 % 314 57 % 621 70 % USA (14) 26 % 5 33 % 17 17 % Others (64) (39) (118) Revenues with lower tax rate (dividends/capital gains) (44) (26) (25) Equity accounted earnings (14) (8) (6) Other effects ⁽³⁾ 73 309 139 Income tax 4,830 4,003 3,505 Of which: Continuing operations 4,830 4,003 3,505 Of which: Discontinued operations — — — (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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. (3) Regarding 2024, it shows the net impact of several tax effects that include, among others, (i) the accounting record of the impact associated with the declaration of unconstitutionality of certain measures relating to the Spanish Corporate Income Tax introduced by Royal Decree-Law 3/2016, as well as the impact of some of the measures introduced by Law 7/2024 on Corporate Income Tax that, in particular, are aimed at reinstating the measures declared unconstitutional, (ii) the non-deductibility of the temporary taxation of credit institutions recorded for accounting purposes in the year 2024 (see Note 19.6), and (iii) the effects of the limitation of the exemption on intra-group dividends and the withholding taxes associated with them. The effective income tax rate for the Group in the years ended December 31, 2024, 2023 and 2022 is as follows: Effective tax rate (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Income from: Consolidated tax group in Spain 4,810 2,601 2,206 Other Spanish entities (41) 6 (462) Foreign entities 10,636 9,812 8,524 Gains (losses) before taxes from continuing operations 15,405 12,419 10,268 Tax expense or income related to profit or loss from continuing operations ⁽²⁾ 4,830 4,003 3,505 Effective tax rate 31.4 % 32.2 % 34.1 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively. In 2024, 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. In 2023, the changes in the nominal tax rate in Corporate Income Tax, with respect to those existing in the previous year in the main countries in which the Group is present, were Turkey (from 25% to 30%) and Colombia (from 38% to 40%). Income tax recognized in equity Regardless of the income tax expense recognized in the consolidated income statements, the Group has recognized income tax charges in the consolidated total equity in 2024, 2023 and 2022 for €543 million, €285 million and €745 million, respectively, mainly due to debt securities, actuarial gains and losses and cash flow hedges. Tax assets and liabilities 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) 2024 2023 2022 ⁽²⁾ Tax assets Current tax assets ⁽¹⁾ 4,295 2,860 1,978 Deferred tax assets 14,354 14,641 14,747 Pensions 534 445 422 Financial Instruments 1,335 1,069 1,478 Loss allowances 2,158 2,127 1,834 Other 1,495 1,467 1,261 Secured tax assets 7,979 8,534 8,689 Tax losses 853 999 1,063 Total 18,650 17,501 16,725 Tax liabilities Current tax liabilities ⁽¹⁾ 575 878 1,415 Deferred tax liabilities 2,458 1,677 1,520 Financial Instruments 915 761 557 Other 1,543 916 963 Total 3,033 2,554 2,935 (1) In 2024, the increase in current tax assets corresponds mainly to a higher tax receivable of the tax group in Spain, as well as in Mexico and Colombia, in relation to the Corporate Income Tax for the year 2024 related to the installment payments made in the year. On the other hand, the decrease in current tax liabilities corresponds mainly to the decrease in the tax payable in Mexico and Argentina in relation to the estimated income tax for the year 2023. (2) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). The most significant variations of the deferred tax assets and liabilities in the years 2024, 2023 and 2022 were derived from the following items: Deferred tax assets and liabilities. Annual variations (Millions of Euros) 2024 2023 2022⁽¹⁾ Deferred assets Deferred liabilities Deferred assets Deferred liabilities Deferred assets Deferred liabilities Balance at the beginning 14,641 1,677 14,747 1,520 14,917 1,769 Pensions 89 — 23 — 6 — Financials instruments 266 154 (409) 204 70 (567) Loss allowances 31 — 293 — 158 — Others 28 627 206 (47) 160 318 Secured tax assets (555) — (155) — (615) — Tax losses (146) — (64) — 51 — Balance at the end 14,354 2,458 14,641 1,677 14,747 1,520 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). The changes in deferred tax assets and liabilities in 2024 were mainly attributable to: – 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 2024, as well as due to the effects associated with the declaration of unconstitutionality of certain measures relating to Corporate Income Tax introduced by Royal Decree Law 3/2016 in Spain. – There was a decrease in tax assets due to tax losses because, in 2024, the tax Group in Spain generated positive taxable income that allowed the offsetting of tax losses and deductions; its balance was also affected, among others, by the effects associated with the declaration of unconstitutionality referred to above. – Changes in the amount of deferred tax assets (other than those guaranteed and those linked to tax losses) net of deferred tax liabilities were mainly due to the effect of exchange rates, especially in the case of Mexico and Turkey, the effects associated with the valuation of financial instruments and the functioning of the Corporate Income Tax in which, due to the differences between accounting and taxation criteria, there are constant movements in deferred taxes. Of the deferred tax assets and liabilities shown 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, 2024, 2023 and 2022, 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 €230, €96 and €88 million, respectively. With respect to the deferred tax assets shown above, the table below shows the amounts guaranteed by the Spanish government, broken down by the items that originated the relevant assets: Secured tax assets (Millions of Euros) 2024 2023 2022 Pensions 1,622 1,622 1,622 Loss allowances 6,357 6,912 7,067 Total 7,979 8,534 8,689 As of December 31, 2024, non-guaranteed net deferred tax assets amounted to €3,918 million (€4,430 million and €4,537 million as of December 31, 2023 and 2022, respectively). The breakdown by major geographical areas was as follows: – Spain: Net deferred tax assets recognized in Spain totaled €1,421 million as of December 31, 2024 (€1,805 and €2,424 million as of December 31, 2023 and 2022, respectively). €685 million of the figure recorded in the year ended December 31, 2024 for net deferred tax assets related to tax credits and tax loss carry forwards and €736 million relate to temporary differences. – Mexico: Net deferred tax assets recognized in Mexico amounted to €1,798 million as of December 31, 2024 (€1,899 and €1,640 million as of December 31, 2023 and 2022, respectively). Practically all of deferred tax assets as of December 31, 2024 relate to temporary differences. – South America: Net deferred tax assets recognized in South America amounted to €245 million as of December 31, 2024 (€213 and €227 million as of December 31, 2023 and 2022, respectively). Of the figure recorded at year-end 2024 for net deferred tax assets, €147 million relate to tax credits for tax loss carryforwards and €98 million have arisen as temporary differences. – Turkey: Net deferred tax assets recognized in Turkey amounted to €443 million as of December 31, 2024 (€499 and €228 million as of December 31, 2023 and 2022, respectively). All of the deferred tax assets have arisen as temporary differences. Based on the information available as of December 31, 2024, including historical levels of benefits and projected results available to the Group, 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. In this respect, in the specific case of the tax Group in Spain, the Group estimates that it will be able to generate sufficient taxable income to offset the tax loss carryforwards and deductions recorded for accounting purposes within a period under 10 years. 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 €2,507 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: €2,395,411 thousand; (ii) United States: €37,829 thousand; (iii) Mexico: €24,615 thousand; (iv) France: €12,939 thousand; (v) Portugal: €11,654 thousand; (vi) Colombia: €10,718 thousand; (vii) Peru: €4,289 thousand; (viii) Brazil: €3,164 thousand; (ix) Japan: €2,766 thousand; (x) Turkey: €2,943 thousand; (xi) Netherlands: €794 thousand; (xii) Singapore: €171 thousand; and (xiii) China: €64 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 and taxes 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 2024 amounted to €285 million and was recorded under "Other operating expense" in the consolidated income statement (see Note 42). Tax on net interest income and commissions of certain financial institutions in Spain On December 21, 2024, Law 7/2024 was published in the Official State Gazette, the ninth Final Provision of which regulates a new tax on the interest margin and commissions of certain financial entities, including Banco Bilbao Vizcaya Argentaria, S.A. The tax is levied on the interest margin and commissions obtained by credit institutions from the activity they carry out in Spain and is applicable to the first three consecutive tax periods that begin on January 1, 2024. Subsequently, Royal Decree-Law 9/2024, which came into force on December 25, 2024, modified certain aspects of the tax approved by Law 7/2024, among other things, the tax period and the accrual of the new tax. However, this Royal Decree-Law has not been validated by the Congress of Deputies so, as of the date of these Consolidated Financial Statements, it is repealed. No impact associated with this tax has been recorded in the Consolidated Financial Statements for the year ended December 31, 2024. Complementary tax to ensure a global minimum top up tax for multinational groups and large domestic groups (Pillar Two) On December 20, 2024, Law 7/2024 of December 20, 2024 was approved in Spain, establishing a Complementary Tax to guarantee an overall minimum level of taxation for multinational groups and large domestic groups, a Tax on the net interest income and fee and commission of certain financial institutions and a Tax on liquids for electronic cigarettes and other tobacco-related products, and amending other tax regulations. This law transposes Council Directive (EU) 2022/2523 of December 15, 2022, which incorporates the Pillar Two rules into the European legal framework. The aforementioned Law has been approved with effect for tax periods beginning on or after December 31, 2023. Consequently, at the end of the year 2024, the Group is subject to the Pillar Two rules. In compliance with current legislation, the Group has calculated the estimated impact of the Complementary Tax based on the Transitional Safe Harbor analysis and on the basis of the figures used in the preparation of the Group's consolidated financial statements in each of its constituent jurisdictions. As a result of this estimated calculation, it has been determined that most of the jurisdictions in which the Group operates, with the exception of a small number of countries representing an immaterial percentage of the BBVA Group's profit (loss) before tax, exceed the minimum effective tax rate of 15% and, therefore, do not accrue Complementary Tax. For those jurisdictions that do not meet this threshold, BBVA, S.A., as the ultimate parent company of the Group, as of December 31, 2024, has recognized as a current tax expense the corresponding estimated supplementary tax associated with those jurisdictions, the amount of which is very immaterial. Finally, it should be noted that the BBVA Group applies the mandatory exception to the recognition and disclosure of deferred tax assets and liabilities in relation to Pillar Two.

Note 20

Note 20	12 Months Ended
	Dec. 31, 2024
Other Assets And Liabilities [Abstract]
Disclosure of Other Assets And Liabilities [Text Block]	Other assets and liabilities The breakdown of the balances of these headings of the consolidated balance sheets is as follows: Other assets and liabilities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ ASSETS Inventories ⁽²⁾ 1,299 276 325 Transactions in progress 482 41 93 Accruals 1,862 1,368 1,461 Other items 1,881 1,174 706 Total 5,525 2,859 2,586 LIABILITIES Transactions in progress 306 133 44 Accruals 3,066 2,878 2,595 Other items 1,997 2,466 2,269 Total 5,370 5,477 4,909 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 21

Note 21	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ASSETS Foreclosures and recoveries 847 943 1,070 Other assets from tangible assets (1) 618 1,026 1,063 Companies held for sale 55 43 40 Accrued amortization (2) (46) (84) (93) Impairment losses (1) (645) (1,005) (1,057) Total 828 923 1,022 LIABILITIES Companies held for sale — — — Total — — — (1) The variation in 2024 is mainly due to sales of properties by the companies Tree Investments Inmobiliarias, SOCIMI, SA and Banco Bilbao Vizcaya Argentaria, S.A. (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 2024, 2023 and 2022, 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) 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Balance at the beginning 943 1,070 1,218 943 970 452 43 39 41 1,928 2,078 1,711 Additions 250 190 211 18 2 1 15 — 2 283 192 214 Contributions from merger transactions — — — — — 592 — — — — — 592 Retirements (sales and other decreases) (338) (323) (353) (446) (34) (110) — — (2) (784) (357) (465) Transfers, other movements and exchange differences (8) 6 (6) 57 5 35 (3) 4 (2) 46 15 27 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 847 943 1,070 572 943 970 55 43 39 1,473 1,928 2,078 Impairment (b) Balance at the beginning 299 356 381 706 701 269 — — — 1,005 1,057 650 Additions 50 24 16 64 59 27 158 — — — 83 42 221 Additions transfer to discontinued operations — — — — — — — — — — — — Contributions from merger transactions — — — — — — — — — — — — Retirements (sales and other decreases) (91) (89) (102) (352) (22) (46) — — — (443) (111) (148) Other movements and exchange differences 5 16 13 (5) 1 320 — — — — 17 333 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 237 299 356 409 706 701 — — — 645 1,005 1,057 Balance at the end of net carrying value (a)-(b) 610 644 714 163 236 269 55 43 39 828 923 1,022 (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, 2024, 2023 and 2022 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, 2024, 2023 and 2022, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to €404 million, €460 million and €478 million in assets for residential use; €169 million, €154 million and €199 million in assets for tertiary use (industrial, commercial or office) and €31 million, €26 million and €34 million in assets for agricultural use, respectively. As of December 31, 2024, 2023 and 2022, the average sale time of assets from foreclosures or recoveries was between 2 and 3 years. During the years 2024, 2023 and 2022, 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 €12 million, €22 million and €43 million, respectively; with an average financing of 69% of the sales price during 2024. As of December 31, 2024, 2023 and 2022, 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, 2024
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) 2024 2023 2022 ⁽¹⁾ Deposits 496,720 473,835 459,662 Deposits from central banks 14,668 20,309 38,323 Demand deposits 657 159 205 Time deposits and other 6,369 12,203 33,534 Repurchase agreement 7,642 7,947 4,584 Deposits from credit institutions 34,406 40,039 26,935 Demand deposits 6,977 6,629 11,434 Time deposits and other 15,049 12,871 11,787 Repurchase agreement 12,380 20,539 3,714 Customer deposits 447,646 413,487 394,404 Demand deposits 331,780 317,543 316,082 Time deposits and other 106,658 91,740 76,063 Repurchase agreement 9,208 4,204 2,259 Debt certificates issued 69,867 68,707 55,429 Other financial liabilities 17,753 15,046 14,081 Total 584,339 557,589 529,172 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). As of December 31, 2024, all drawdowns of the TLTRO III program have been repaid. As of December 31, 2023 and 2022, the amount recorded in "Deposits from central banks - Time deposits and other" included the drawdowns of the TLTRO III facilities of the ECB, mainly by BBVA, S.A., amounting to €3,660 million and €26,711 million, respectively. 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 2024 Spain 1,039 3,116 538 4,693 Mexico 973 981 231 2,185 Turkey 158 2,002 2 2,162 South America 577 2,387 — 2,963 Rest of Europe 2,942 3,313 11,578 17,832 Rest of the world 1,289 3,250 31 4,570 Total 6,977 15,049 12,380 34,406 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 (1) Subordinated deposits are included amounting to €48, €35 and €24 million as of December 31, 2024, 2023 and 2022, 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 ⁽¹⁾ ⁽²⁾ Repurchase agreements Total December 2024 Spain 186,489 22,501 6,474 215,464 Mexico 70,133 14,319 987 85,439 Turkey 23,228 25,388 652 49,267 South America 32,443 20,232 — 52,675 Rest of Europe 17,170 17,613 1,095 35,878 Rest of the world 2,318 6,605 — 8,922 Total 331,780 106,658 9,208 447,646 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 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Subordinated deposits are included amounting to €8 million as of December 31, 2024. As of December 31, 2023 and 2022, no subordinated deposits were recorded under this heading. 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) 2024 2023 2022 In Euros 37,118 44,622 35,611 Promissory bills and notes 1,360 5,416 1,079 Non-convertible bonds and debentures 17,788 16,256 16,979 Covered bonds 5,825 6,734 7,665 Hybrid financial instruments (1) 519 800 959 Securitization bonds 2,201 2,168 2,501 Wholesale funding 1,030 6,182 139 Subordinated liabilities 8,395 7,066 6,289 Convertible perpetual certificates 2,750 3,000 3,000 Other non-convertible subordinated liabilities 5,645 4,066 3,289 In foreign currencies 32,748 24,086 19,819 Promissory bills and notes 2,962 336 351 Non-convertible bonds and debentures 12,136 8,684 9,323 Covered bonds 95 99 114 Hybrid financial instruments (1) 5,327 4,722 3,724 Securitization bonds — — — Wholesale funding 1,067 1,479 111 Subordinated liabilities 11,161 8,766 6,196 Convertible perpetual certificates 2,888 2,715 1,876 Other non-convertible subordinated liabilities 8,273 6,051 4,320 Total 69,867 68,707 55,429 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) 2024 2023 2022 Subordinated deposits 56 35 24 Subordinated certificates 19,556 15,832 12,485 Compound convertible financial instruments 5,638 5,715 4,876 Other non-convertible subordinated liabilities 13,918 10,117 7,609 Total 19,612 15,867 12,509 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 (CoCo), 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 throughout the financial years 2023 and 2024: – 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. – On June 13, 2024, BBVA carried out an issuance of perpetual contingent convertible securities with exclusion of shareholders' pre-emptive subscription rights, for a total nominal amount of €750 million. 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. Additionally, on January 14, 2025, 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 2022, 2023 and 2024 the Bank has early redeemed the following issues: – 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. – On March 29, 2024, the Bank early redeemed the issuance of contingently convertible preferred securities (which qualified as additional tier 1 instruments) carried out by the Bank on March 29, 2019, for an amount of €1 billion on the First Reset Date and once the prior consent from the Regulator was obtained. Additionally, on January 28, 2025, the Bank announced its irrevocable decision to redeem in whole on March 5, 2025, the issuance of contingently convertible preferred securities (which qualified as additional tier 1 instruments) carried out by the Bank on September 5, 2019, for an amount of USD 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 (CoCo) 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, limiting this power to the extent that the nominal amount of the capital increases agreed or executed in order to satisfy conversion of the issues carried out excluding the pre-emptive subscription right by virtue of this power (without prejudice to anti-dilution adjustments) and any agreed or executed in use of the power under the item 4 of the Agenda of the same General Meeting, described in Note 26, excluding the pre-emptive subscription right, do not exceed a maximum aggregated nominal amount of 10% of BBVA's share capital at the time the resolution was adopted. As of the date of preparation of these Consolidated Financial Statements, 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) 2024 2023 2022 ⁽¹⁾ Lease liabilities 1,467 1,507 1,398 Creditors for other financial liabilities 4,859 3,439 3,584 Collection accounts 3,693 3,642 3,426 Creditors for other payment obligations 7,734 6,458 5,673 Total 17,753 15,046 14,081 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). A breakdown of the maturity of the lease liabilities, due after December 31, 2024 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 175 285 239 768 1,467

Note 23

Note 23	12 Months Ended
	Dec. 31, 2024
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, 2024. 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, 2024, 2023 and 2022, the balance under this heading amounted to €191 million, €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, 2024, 2023 and 2022 is as follows: Liabilities under insurance and reinsurance contracts (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Insurances 10,981 12,110 10,131 Liabilities for remaining coverage 9,835 10,900 9,157 Estimates of the present value of cash flows 8,462 9,516 7,905 Risk adjustment 150 171 155 Cost service margin 1,224 1,213 1,097 Liabilities for incurred claims 1,146 1,210 974 Estimates of the present value of cash flows 1,129 1,191 959 Risk adjustment 17 19 15 Reinsurances — — — Total 10,981 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). In addition, the breakdown of “Liabilities under insurance and reinsurance contracts” in the consolidated balance sheets by type of product as of December 31, 2024, 2023 and 2022, excluding insurance contracts valued following the Simplified Model, is shown in the table below: Liabilities under insurance and reinsurance contracts by type of product (Millions of Euros) 2024 2023 2022 ⁽³⁾ Liabilities for remaining coverage 9,835 10,900 9,157 Life insurance 9,555 10,657 8,962 Individuals life insurance ⁽¹⁾ 7,643 8,900 7,592 Group insurance ⁽²⁾ 1,912 1,757 1,370 Non-life insurance 280 243 195 Liabilities for incurred claims 1,146 1,210 974 Total 10,981 12,110 10,131 (1) Provides coverage in the event of death, disability and serious illness. (2) The insurance policies purchased by employers (other than BBVA Group) on behalf of their employees. (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). The variation in liabilities under insurance and reinsurance contracts analyzed by liability for the remaining coverage and liability for incurred claims for the years 2024, 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 2024 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Initial balance 10,900 1,210 12,110 Result from insurance service (3,371) 1,862 (1,509) Insurance revenue (3,494) — (3,494) Insurance expense 124 1,862 1,985 Financial income/ expenses from insurance contracts (407) 12 (395) Exchange differences (657) (110) (767) Cash flows 3,370 (1,828) 1,542 Final balance 9,835 1,146 10,981 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 Initial balance 9,157 974 10,131 Result from insurance service (2,822) 1,532 (1,289) Insurance revenue (2,897) — (2,897) Insurance expense 75 1,532 1,607 Financial income/ expenses from insurance contracts 563 1 564 Exchange differences 1,008 59 1,067 Cash flows 2,994 (1,357) 1,637 Final balance 10,900 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 Initial balance 8,875 1,097 9,972 Result from insurance service (2,446) 1,260 (1,186) Insurance revenue (2,575) — (2,575) Insurance expense 130 1,260 1,390 Financial income/ expenses from insurance contracts (694) 2 (692) Exchange differences 1,048 51 1,099 Cash flows 2,375 (1,437) 938 Final balance 9,157 974 10,131 The variation of liabilities under insurance and reinsurance contracts, distinguishing between their different valuation components, excluding contracts valued under the Simplified Model, for the years 2024, 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2024 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 9,738 167 1,213 11,118 Insurance service result (345) (17) 44 (318) Changes that relate to current services (969) (29) (270) (1,267) Changes that relate to future services (350) 12 314 (24) Changes that relate to past services 974 — — 974 Financial income/ expenses from insurance contracts (457) 3 49 (406) Exchange rate differences (636) (3) (82) (721) Cash flows 411 — — 411 Final balance 8,710 150 1,224 10,084 (1) In general, the transition 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. 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) Changes that relate to future services (189) 26 163 — Changes that relate to past services 554 — — 554 Financial income/ expenses from insurance contracts 508 11 45 564 Exchange rate differences 935 6 94 1,035 Cash flows 623 — — 623 Final balance 9,738 167 1,213 11,118 (1) In general, the transition 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. 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) Changes that relate to future services (270) 60 193 (17) Changes that relate to past services 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 Final balance 8,056 150 1,097 9,303 (1) In general, the transition 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. The maturity of “Liabilities under insurance and reinsurance contracts” is as follows: 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 2024 1,556 319 720 8,387 10,981 2023 1,356 962 2,425 7,367 12,110 2022 1,754 663 1,664 6,050 10,131 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.

Note 24

Note 24	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Provisions for pensions and similar obligations 25 2,348 2,571 2,632 Other long term employee benefits ⁽¹⁾ 25 384 435 466 Provisions for taxes and other legal contingencies 7.1 791 696 685 Provisions for contingent risks and commitments 7.2.6 667 770 770 Other provisions ⁽²⁾ 429 452 380 Total 4,619 4,924 4,933 (1) It included commitments undertaken under the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. in 2021. (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, 2024, 2023 and 2022 is as follows: Provisions for pensions and other post-employment obligations for defined benefit plans, and other long term employee benefits. Changes over the year (Millions of Euros) Notes 2024 2023 2022 ⁽¹⁾ Balance at the beginning 3,006 3,098 4,208 Charges to income for the year 197 211 25 Interest expense and similar charges 25 138 133 75 Personnel expense 57 49 42 Provision expense 2 29 (92) Charges (credits) to equity ⁽²⁾ 25 132 314 (433) Transfers and other changes (49) (37) 36 Benefit payments (410) (474) (616) Employer contributions (143) (106) (120) Balance at the end 2,732 3,006 3,098 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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) 2024 2023 2022 Balance at beginning 1,148 1,065 990 Additions 370 651 417 Acquisition of subsidiaries — — — Unused amounts reversed during the year (92) (385) (130) Amount used and other variations (206) (183) (211) Balance at the end 1,220 1,148 1,065 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, 2024, 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 the resolution of 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, 2024
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, 2024, 2023 and 2022 is provided below: Net defined benefit liability (asset) on the consolidated balance sheet (Millions of Euros) Notes 2024 2023 2022 Pension commitments 3,759 3,849 3,661 Early retirement commitments 271 412 606 Medical benefits commitments 1,269 1,728 1,448 Other long term employee benefits 384 435 466 Total commitments 5,683 6,424 6,181 Pension plan assets 1,584 1,675 1,608 Medical benefit plan assets 1,367 1,744 1,476 Total plan assets (1) 2,951 3,419 3,084 Total net liability / asset 2,732 3,006 3,097 Of which: Net asset on the consolidated balance sheet (2) — — (1) Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) 24 2,348 2,571 2,632 Of which: Net liability on the consolidated balance sheet for other long term employee benefits 24 384 435 466 (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €123 million as of December 31, 2024 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. As of December 31, 2023 and 2022, this amount amounted to €153 and €188 million respectively. (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 on the consolidated income statement for the years 2024, 2023 and 2022 is as follows: Consolidated income statement impact (Millions of Euros) Notes 2024 2023 2022 ⁽¹⁾ Interest and other expense 138 133 75 Interest expense 494 444 342 Interest income (356) (311) (267) Personnel expense 215 188 130 Defined contribution plan expense 44.1 158 139 87 Defined benefit plan expense 44.1 51 49 42 Other expense 6 — — Provisions or (reversal) of provisions 46 3 31 (89) Early retirement expense — — — Past service cost expense 7 36 34 Remeasurements ⁽²⁾ (5) (7) (126) Other provision expense 1 2 3 Total impact on consolidated income statement: expense (income) 355 352 116 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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 2.2.13). 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, 2024, 2023 and 2022 are as follows: Equity impact (Millions of Euros) 2024 2023 2022 Defined benefit plans 218 302 (363) Post-employment medical benefits (86) 12 (71) Total impact on equity: debit (credit) 132 314 (433) In 2024, the aggregate impact of this heading amounted to a debit of €132 million driven by the variation in the main long-term remuneration commitments in Mexico (debit of €55 million, mainly due to the variation of financial assumptions and expected profitability of plan assets), Turkey (debit of €32 million euros due to the variation of financial assumptions, expected profitability of plan assets and experience), Spain (debit of €28 million, essentially due to the variation in financial assumptions) and Portugal (debit of €16 million due to the expected profitability of the plan assets and experience). 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. 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, 2024, 2023 and 2022 is presented below: Defined benefits (Millions of Euros) 2024 2023 2022 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 5,989 3,419 2,571 5,715 3,084 2,632 6,547 2,988 3,560 Current service cost 51 — 51 52 — 52 45 — 45 Interest income/expense 472 356 115 425 311 114 333 267 65 Contributions by plan participants 16 16 — 10 10 — 10 10 — Employer contributions — 143 (143) — 106 (106) — 67 (67) Past service costs (1) 7 — 7 36 — 36 34 — 34 Remeasurements: (202) (330) 128 375 68 307 (741) (240) (501) Return on plan assets (2) — (330) 330 — 68 (68) — (240) 240 From changes in demographic assumptions 2 — 2 (86) — (86) (29) — (29) From changes in financial assumptions (362) — (362) 248 — 248 (812) — (812) Other actuarial gains and losses 158 — 158 212 — 212 100 — 100 Benefit payments (564) (230) (334) (655) (232) (424) (676) (184) (492) Settlement payments (1) (1) — (76) (75) (1) (4) (4) — Business combinations and disposals — — — (1) — (1) — — — Effect on changes in foreign exchange rates (467) (416) (51) 124 153 (29) 161 180 (20) Conversions to defined contributions — — — — — — — — — Other effects (3) (7) 4 (15) (7) (8) 7 — 7 Balance at the end 5,299 2,951 2,348 5,989 3,419 2,571 5,715 3,084 2,632 Of which: Spain 2,078 114 1,964 2,310 129 2,181 2,546 147 2,399 Of which: Mexico 2,385 2,114 271 2,988 2,702 286 2,426 2,329 97 Of which: Turkey 567 488 80 435 363 72 418 315 103 (1) Including gains and losses arising from settlements. The balance under the heading “Provisions - Pensions and other post-employment defined benefit obligations” of the consolidated balance sheet as of December 31, 2024 includes €200 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 achieve 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 to ensure 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, 2024, 2023 and 2022: Actuarial assumptions (%) 2024 2023 2022 Spain Mexico Turkey Spain Mexico Turkey Spain Mexico Turkey Discount rate 3.25 % 12.11 % 31.02 % 3.43 % 10.44 % 25.60 % 3.91 % 10.68 % 17.79 % Rate of salary increase — 4.50 % 27.80 % — 4.50 % 23.44 % — 4.50 % 15.86 % Rate of pension increase — 3.92 % 26.30 % — 4.14 % 21.94 % — 4.41 % 14.36 % Medical cost trend rate — 8.00 % 30.50 % — 8.04 % 26.14 % — 8.04 % 18.56 % Mortality tables PER 2020 EMSSA09 TUIK 2022 PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 TUIK 2019 In Spain, the discount rate shown as of December 31, 2024, corresponds to the discount rate for long-term commitments, with the discount rate used for short-term commitments being 2.75%. Discount rates used to value future benefit cash flows have been determined by reference to high quality corporate bonds (see Note 2.2.13) 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 2024 2023 2022 Increase Decrease Increase Decrease Increase Decrease Discount rate 50 (213) 232 (265) 291 (321) 350 Rate of salary increase 50 4 (4) 4 (4) 1 (1) Rate of pension increase 50 27 (26) 34 (32) 32 (39) Medical cost trend rate 50 102 (93) 141 (126) 119 (106) Change in obligation from each additional year of longevity 120 — 134 — 113 — 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, a fund related to the collective layoff procedure that was carried out in Banco Bilbao Vizcaya Argentaria, S.A. was created in 2021. As of December 31, 2024, 2023 and 2022, the actuarial liabilities for the outstanding awards amounted to €384 million, €435 million and €466 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, 2024, 2023 and 2022, the value of these commitments amounted to €271 million, €412 million and €606 million, respectively. The change in the benefit plan obligations and plan assets during the year ended December 31, 2024 was as follows: Post-employment commitments 2024 (Millions of Euros) Spain Mexico Turkey Rest of the world Defined benefit obligation Balance at the beginning 2,310 1,269 435 247 Current service cost 4 10 18 3 Interest income or expense 73 118 105 9 Contributions by plan participants — — 14 2 Employer contributions — — — — Past service costs (1) — — 3 4 Remeasurements: 24 14 83 9 Return on plan assets (2) — — — — From changes in demographic assumptions — 2 (15) — From changes in financial assumptions 34 (10) (97) 3 Other actuarial gains and losses (10) 22 195 6 Benefit payments (341) (109) (32) (12) Settlement payments — (1) — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (177) (48) (2) Conversions to defined contributions — — — — Other effects 8 — (11) — Balance at the end 2,078 1,124 567 260 Of which: Vested benefit obligation relating to current employees 72 Of which: Vested benefit obligation relating to retired employees 2,006 Plan Assets Balance at the beginning 129 958 363 224 Current service cost — — — — Interest income or expense 4 87 89 7 Contributions by plan participants — — 14 2 Employer contributions — 68 39 22 Past service costs (1) — — — — Remeasurements: 1 (125) 50 (10) Return on plan assets (2) 1 (125) 50 (10) From changes in demographic assumptions — — — — From changes in financial assumptions — — — — Other actuarial gains and losses — — — — Benefit payments (20) (108) (20) (11) Settlement payments — (1) — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (132) (40) — Conversions to defined contributions — — — — Other effects — — (7) — Balance at the end 114 748 488 234 Net liability (asset) Balance at the beginning 2,181 311 72 23 Current service cost 4 10 18 3 Interest income or expense 69 30 16 2 Contributions by plan participants — — — — Employer contributions — (68) (39) (22) Past service costs (1) — — 3 4 Remeasurements: 23 139 32 19 Return on plan assets (2) (1) 125 (50) 10 From changes in demographic assumptions — 2 (15) — From changes in financial assumptions 34 (10) (97) 3 Other actuarial gains and losses (10) 22 195 6 Benefit payments (321) — (11) (1) Settlement payments — — — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (45) (8) (2) Conversions to defined contributions — — — — Other effects 8 — (4) — Balance at the end 1,964 377 80 26 (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, 2023 and 2022 was as follows: Post-employment commitments (Millions of Euros) 2023: Net liability (assets) 2022: Net liability (assets) Spain Mexico Turkey Rest of the world Spain Mexico Turkey Rest of the world Balance at the beginning 2,399 132 103 25 3,464 124 63 24 Current service cost 3 9 17 3 4 7 13 3 Interest income or expense 85 17 8 2 51 14 10 4 Contributions by plan participants — — — — — — — — Employer contributions — (37) (23) (29) — (41) (22) (3) Past service costs (1) — — 33 3 — 1 2 3 Remeasurements: 67 175 32 21 (643) 152 62 (1) Return on plan assets (2) — 19 (129) 25 34 45 (104) 121 From changes in demographic assumptions — — (14) (2) — — (37) 8 From changes in financial assumptions 78 114 10 (10) (643) 73 82 (132) Other actuarial gains and losses (11) 42 165 8 (34) 34 122 2 Benefit payments (379) — (43) (1) (484) — (6) (1) Settlement payments — — — (1) — — — — Business combinations and disposals — — — (1) — (139) — — Effect on changes in foreign exchange rates — 15 (40) 1 — 13 (18) (3) Conversions to defined contributions — — — — — — — — Other effects 6 — (14) — 7 — — — Balance at the end 2,181 311 72 23 2,399 132 103 25 (1) Includes gains and losses from settlements. 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, 2024 the value of these separate assets was €1,553 million, (€1,631 million and €1,656 million as of December 31, 2023 and 2022, 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, 2024, 2023 and 2022, the value of the aforementioned insurance policies (€114, €130 and €147 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 recognized an obligation amounting to €382 million as of December 31, 2024 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 2024, 2023 and 2022 was as follows: Medical benefits commitments (Millions of Euros) 2024 2023 2022 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 1,728 1,744 (16) 1,448 1,476 (28) 1,377 1,494 (116) Current service cost 18 — 18 20 — 20 19 — 19 Interest income or expense 167 168 (2) 167 165 2 144 157 (14) Contributions by plan participants — — — — — — — — — Employer contributions — 15 (15) — 17 (17) — — — Past service costs (1) — — — — — — 28 — 28 Remeasurements: (333) (247) (86) (5) (17) 12 (215) (144) (71) Return on plan assets (2) — (247) 247 — (17) 17 — (144) 144 From changes in demographic assumptions 15 — 15 (70) — (70) — — — From changes in financial assumptions (293) — (293) 56 — 56 (191) — (191) Other actuarial gain and losses (55) — (55) 8 — 8 (23) — (23) Benefit payments (71) (70) — (70) (70) — (60) (60) — Settlement payments — — — — — — — — — Business combinations and disposals — — — — — — — (139) 139 Effect on changes in foreign exchange rates (240) (243) 3 168 173 (5) 155 167 (11) Other effects — — — — — — — — — Balance at the end 1,269 1,367 (98) 1,728 1,744 (16) 1,448 1,476 (28) (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, 2024, 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) 2025 2026 2027 2028 2029 2030 - 2034 Commitments in Spain 422 278 242 210 181 618 Commitments in Mexico 196 207 215 225 235 1,331 Commitments in Turkey 28 30 37 47 60 696 Total 645 514 495 482 477 2,645 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, 2024, 2023 and 2022: Plan assets breakdown (Millions of Euros) 2024 2023 2022 Cash and cash equivalents 60 86 169 Debt securities (government bonds) 2,267 2,818 2,270 Mutual funds 1 — — Asset-backed securities — — — Structured debt — — — Insurance contracts 21 21 183 Total 2,349 2,924 2,622 Of which: Bank account in BBVA 25 23 7 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, 2024, 2023 and 2022: Investments in listed markets (Millions of Euros) 2024 2023 2022 Cash and cash equivalents 60 86 169 Debt securities (Government bonds) 2,267 2,818 2,270 Mutual funds 1 — — Total 2,328 2,904 2,439 Of which: Bank account in BBVA 25 23 7 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, 2024, 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, 2024
Issued capital [abstract]
Disclosure of Common Stock [Text Block]	Capital As of December 31, 2024 and 2023 BBVA’s share capital amounted to €2,824,009,877.85 and €2,860,590,786.20 divided into 5,763,285,465 and 5,837,940,380 shares, respectively; while as of December 31, 2022 BBVA’s share capital amounted to €2.954.757.116,36 divided into 6.030.116.564 shares. These decreases have been the result of the partial execution of the share capital reduction resolution adopted by the Ordinary Annual General Shareholders' Meeting of BBVA held on March 15, 2024, under item 3 of the agenda notified on May 24, 2024; 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 of the partial executions of the share capital reduction resolution adopted 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, 2024, 2023 and 2022, 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 Sistema 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, 2024, 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, 2024, State Street Bank and Trust Company, JPMorgan Chase, The Bank of New York Mellon and Northern Trust Company, in their capacity as international custodian/depositary banks, held 13.82%, 12.57%, 10.76%, and 3.25% 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 25, 2024, Europacific Growth Fund reported to the CNMV that it had a direct holding of 3.010% of BBVA’s common stock. On March 26, 2024, Capital Research and Management Company reported to the CNMV that it indirectly had voting power over 5.027% of BBVA’s common stock. 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 (CoCo)) 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 preparation of these Consolidated Financial Statements, the Bank has not made use of the delegation granted by the General Shareholders' Meeting. The Extraordinary General Shareholders' Meeting of BBVA held on July 5, 2024 resolved, under item one of the agenda, to authorize an increase in BBVA’s share capital for up to a maximum nominal amount of €551,906,524.05 by issuing and putting into circulation up to 1,126,339,845 ordinary shares with a par value of €0.49 each, of the same class and series, and with the same rights as the outstanding shares at such date, represented in book-entry form, with non-cash contributions for the purposes of covering the consideration of the voluntary tender offer for the acquisition of up to 100% of the shares of Banco de Sabadell, S.A. announced by BBVA (see Note 3). This capital increase has not been executed as of the date of preparation of these Consolidated Financial Statements. 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. Pursuant to the resolution, its implementation period ended on 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. Pursuant to the resolution, its implementation period ended on 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 share. BBVA Annual General Shareholders' Meeting held on March 15, 2024 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. Pursuant to the resolution, its implementation period will end on 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 17, 2023, under agenda item three, whose executions are described above. In the execution of the Annual General Shareholders' Meeting held on March 15, 2024, BBVA has executed the following share capital reduction (see Note 4): – On May 24, 2024 BBVA notified the partial execution of the resolution through the reduction of BBVA's share capital in a nominal amount of €36,580,908.35 and the consequent redemption, charged to unrestricted reserves, of 74,654,915 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, 2024
Share premium [Abstract]
Disclosure of Share Premium [Text Block]	Share premium As of December 31, 2024, the balance under this heading in the consolidated balance sheets was €19,184 million. As of December 31, 2023 and 2022, the balance under this heading was €19,769 million and €20,856 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, 2024
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) 2024 2023 2022 ⁽¹⁾ Legal reserve 565 572 591 Restricted reserve 582 561 482 Voluntary reserves 6,470 5,478 3,906 Total reserves holding company 7,616 6,612 4,979 Consolidation reserves attributed to the Bank and subsidiary consolidated companies 34,891 31,639 30,077 Total 42,507 38,251 35,056 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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, 2024, 2023 and 2022, the Bank’s restricted reserves are as follows: Restricted reserves. Breakdown by concepts (Millions of Euros) 2024 2023 2022 Restricted reserve for retired capital 531 495 400 Restricted reserve for Parent Company shares and loans for those shares 49 65 80 Restricted reserve for redenomination of capital in euros 2 2 2 Total 582 561 482 The restricted reserve for retired capital includes the partial executions of the capital reduction resolutions adopted by BBVA's General Shareholders' Meeting held on March 15, 2024, 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. 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) 2024 2023 2022 ⁽¹⁾ Retained earnings (losses), revaluation reserves and other reserves Holding Company 18,157 15,672 14,003 BBVA Mexico Group 17,209 15,705 14,042 Garanti BBVA Group 6,065 5,857 5,703 BBVA Provincial Group 1,774 1,758 1,720 BBVA Argentina Group 1,315 1,474 1,456 BBVA Colombia Group 1,639 1,573 1,489 BBVA Peru Group 1,245 1,158 1,065 Forum Chile Group 663 652 632 BBVA Uruguay Group 166 139 118 BV America, S.L. 469 374 299 Corporación General Financiera, S.A. 410 368 338 BBVA Seguros, S.A. (16) 306 284 Bilbao Vizcaya Holding, S.A. 205 198 144 BBVA Tecnology América S.A. 92 87 85 Pecri Inversión, S.L. (10) (17) 119 Anida Operaciones Singulares, S.A. (5,524) (5,497) (5,529) Other Real State Spanish Companies ⁽²⁾ (1,152) (1,164) (909) Other 28 (155) 217 Subtotal 42,734 38,488 35,277 Other reserves or accumulated losses of investments in joint ventures and associates ATOM Holdco Limited (169) (181) (169) Metrovacesa, S.A. (84) (84) (84) Other 26 28 32 Subtotal (227) (237) (221) Total 42,507 38,251 35,057 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Includes balances corresponding to Sociedades inmobiliarias CX, Anida Grupo Inmobiliario and Sociedades inmobiliarias Unnim.

Note 29

Note 29	12 Months Ended
	Dec. 31, 2024
Treasury shares [Abstract]
Disclosure of Treasury shares [Text Block]	Treasury shares In the years ended December 31, 2024, 2023 and 2022 the Group entities performed the following transactions with shares issued by the Bank: Treasury shares (Millions of Euros) 2024 2023 2022 Number of Shares Millions of Euros Number of Shares Millions of Euros Number of Shares Millions of Euros Balance at beginning 4,386,625 34 5,485,414 29 127,633,399 647 + Purchases 154,564,499 1,528 301,882,728 2,166 598,457,024 2,966 - Sales and other changes (152,284,268) (1,497) (302,981,517) (2,161) (720,605,009) (3,583) Balance at the end 6,666,856 66 4,386,625 34 5,485,414 29 Of which: Held by BBVA, S.A. 410,370 7 — 3 — 3 Held by Corporación General Financiera, S.A. 6,256,486 59 4,354,004 31 5,454,516 26 Held by other subsidiaries — — 32,621 — 30,898 — Average purchase price in Euros 9.89 — 7.18 — 4.96 — Average selling price in Euros (including other changes) 9.89 — 7.14 — 4.99 — Net gains or losses on transactions 10 1 9 In 2024, 2023 and 2022 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, 2024, 2023 and 2022 are as follows: Treasury Share 2024 2023 2022 Min Max Closing Min Max Closing Min Max Closing % treasury share 0.076 % 1.513 % 0.116 % 0.038 % 2.214 % 0.075 % 0.078 % 7.492 % 0.094 % The number of BBVA shares accepted by the Group in pledge of loans as of December 31, 2024, 2023 and 2022 is as follows: Shares of BBVA accepted in pledge 2024 2023 2022 Number of shares in pledge 13,308,677 17,492,194 23,437,363 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.23 % 0.29 % 0.39 % The number of BBVA shares owned by third parties but under management of a company within the Group as of December 31, 2024, 2023 and 2022 is as follows: Shares of BBVA owned by third parties but managed by the Group 2024 2023 2022 Number of shares owned by third parties 11,834,596 13,258,994 18,686,027 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.21 % 0.23 % 0.31 %

Note 30

Note 30	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Items that will not be reclassified to profit or loss (1,988) (2,105) (1,881) Actuarial gains (losses) on defined benefit pension plans (1,067) (1,049) (760) Fair value changes of equity instruments measured at fair value through other comprehensive income 13.4 (905) (1,112) (1,194) Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk (17) 55 72 Items that may be reclassified to profit or loss (15,232) (14,148) (15,760) Hedge of net investments in foreign operations (effective portion) (2,329) (2,498) (1,408) Mexican peso (2,697) (3,147) (1,751) Turkish lira 394 670 358 Other exchanges (25) (21) (15) Foreign currency translation (12,702) (11,419) (13,078) Mexican peso (3,644) (640) (2,791) Turkish lira (5,835) (6,908) (6,599) Argentine peso (555) (1,296) (868) Venezuela Bolívar (1,865) (1,865) (1,850) Other exchanges (803) (711) (969) Hedging derivatives. Cash flow hedges (effective portion) 370 133 (447) Fair value changes of debt instruments measured at fair value through other comprehensive income 13.4 (576) (357) (809) Share of other recognized income and expense of investments in joint ventures and associates 5 (8) (18) Total (17,220) (16,254) (17,642) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). The balances recognized under these headings are presented net of tax. The main changes in 2024 are explained by the depreciation against the euro of some of the currencies of the main geographical areas where the Group operates against the euro such as the Mexican peso (13.1%), Colombian peso (7.8%), the Argentine peso (16.8%) and the Turkish lira (11.1%) 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, 2024
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 of the balance 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) 2024 2023 2022 ⁽¹⁾ Garanti BBVA 1,351 1,129 1,179 BBVA Peru 1,779 1,586 1,469 BBVA Argentina 843 544 687 BBVA Colombia 60 82 73 BBVA Venezuela 134 108 95 Other entities 191 115 119 Total 4,359 3,564 3,623 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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) 2024 2023 2022 ⁽¹⁾ Garanti BBVA 116 95 28 BBVA Peru 260 236 236 BBVA Argentina 105 59 83 BBVA Colombia (1) (16) 5 BBVA Venezuela 32 24 22 Other entities 9 (1) 32 Total 521 397 405 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3 ). Dividends distributed to minority interests of the Group during the year 2024 related to: BBVA Peru Group €129 million, BBVA Argentina Group €142 million, Garanti BBVA Group €60 million and other Group entities €15 million.

Note 32

Note 32	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022, own funds are calculated in accordance with 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 required internal capital adequacy assessment processes and the information required to be disclosed to the market. The CET1 fully loaded ratio of the BBVA Group stood at 12.88% at the end of December 2024, which allowed it to maintain a management buffer over the Group's CET 1 requirement (9.13%) and over the Group's target management range of between 11.5 - 12% of CET 1. The phased-in CET 1 ratio was also 12.88%. With regard to the minimum capital requirements applicable to the Group as of December 31, 2024, these amount to a minimum CET1 ratio of 9.13%, as well as a minimum total capital ratio of 13.29%. Following the latest decision of the SREP (Supervisory Review and Evaluation Process), which came into force on January 1, 2025, the ECB has notified the Group that the Pillar 2 requirement is maintained at 1.68% (of which 1.02% at least should be covered by CET1). In addition, the Bank of Spain has maintained the D-SIB (Domestic Systemically Important Banks) buffer requirement that the Group must maintain since January 1, 2025 at the same level as that in effect as of December 31, 2024. Therefore, BBVA must maintain a CET1 capital ratio of 9.13% and a total capital ratio of 13.29% at a consolidated level. A reconciliation of the main figures between the accounting and regulatory own funds as of December 31, 2024, 2023 and 2022 is shown below: Eligible capital resources (Millions of Euros) Notes 2024 2023 2022 Capital 26 2,824 2,861 2,955 Share premium 27 19,184 19,769 20,856 Retained earnings, revaluation reserves and other reserves 28 42,507 38,251 35,056 Other equity instruments, net 40 40 63 Treasury shares 29 (66) (34) (29) Profit (loss) attributable to the parent company 5 10,054 8,019 6,358 Interim dividend (1,668) (951) (722) Total equity 72,875 67,955 64,535 Accumulated other comprehensive income (loss) 30 (17,220) (16,254) (17,642) Minority interests 31 4,359 3,564 3,623 Shareholders' equity 60,014 55,265 50,517 Goodwill and other intangible assets (1,553) (1,421) (1,395) Differences from solvency and accounting perimeter (185) (137) (123) Equity not eligible at solvency level (185) (137) (123) Other adjustments and deductions ⁽¹⁾ (7,476) (7,591) (6,262) Common Equity Tier 1 (CET 1) 50,799 46,116 42,738 Additional Tier 1 before Regulatory Adjustments 6,023 6,033 5,193 Total Regulatory Adjustments to Additional Tier 1 — — — Tier 1 56,822 52,150 47,931 Tier 2 9,858 8,182 5,930 Total Capital (Total Capital = Tier 1 + Tier 2) 66,680 60,332 53,861 Total Minimum equity required ⁽²⁾ 52,427 47,455 43,111 (1) The caption “Other adjustments and deductions” include, among others, the adjustment for non-computable minority interests, the amount of repurchases of own shares up to the maximum limit authorized by the ECB to the BBVA Group and the amount of dividends pending distribution. (2) Calculated based on total minimum capital requirements applicable in each period. The Group’s eligible own funds and risk-weighted assets (RWAs) in accordance with the aforementioned applicable regulation as of December 31, 2024, 2023 and 2022 are shown below: Amount of capital CC1 (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Capital and share premium 22,008 22,629 23,810 Retained earnings and equity instruments 39,652 34,889 31,436 Other accumulated income and other reserves (14,334) (12,872) (13,952) Minority interests 2,343 1,864 1,853 Net attributable profit (2) 5,013 4,759 3,814 Common Equity Tier I (CET1) before other regulatory adjustments 54,681 51,269 46,962 Goodwill and intangible assets (1,553) (1,421) (1,395) Direct, indirect and synthetic holdings in own Common Equity Tier I instruments (243) (331) (356) Deferred tax assets (844) (988) (1,057) Other deductions and filters ⁽³⁾ (1,242) (2,412) (1,416) Total common equity Tier 1 regulatory adjustments (3,882) (5,153) (4,223) Common equity TIER 1 (CET1) 50,799 46,116 42,738 Capital instruments and share premium accounts classified as liabilities and qualifying as Additional Tier I 5,638 5,715 4,875 Qualifying Tier 1 capital included in consolidated AT1 capital issued by subsidiaries and held by third parties 386 319 318 Additional Tier 1 (CET 1) before regulatory adjustments 6,023 6,033 5,193 Transitional CET 1 adjustments — — — Total regulatory adjustments to additional Tier 1 — — — Additional Tier 1 (AT1) 6,023 6,033 5,193 Tier 1 (Common equity TIER 1 + additional TIER 1) 56,822 52,150 47,931 Capital instruments and share premium accounted as Tier 2 5,629 5,214 3,510 Qualifying Tier 2 capital included in consolidated T2 capital issued by subsidiaries and held by third parties 4,192 2,890 2,310 Credit risk adjustments 47 88 213 Tier 2 before regulatory adjustments 9,868 8,192 6,033 Tier 2 regulatory adjustments (10) (10) (103) Tier 2 9,858 8,182 5,930 Total capital (Total capital = Tier 1 + Tier 2) 66,680 60,332 53,861 Total RWA 394,468 363,915 337,066 CET 1 (phased-in) 12.88 % 12.67 % 12.68 % Tier 1 (phased-in) 14.40 % 14.33 % 14.22 % Total capital (phased-in) 16.90 % 16.58 % 15.98 % (1) In 2022, 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 2024 and 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (2) As of December 31, 2024, the total shareholder remuneration corresponding to the year 2024 (composed by a cash dividend, the share repurchase program and the proposed cash dividend subject to approval at the General Shareholders' Meeting), is deducted. As of December 31, 2023 and 2022 the cash dividends approved by the respective General Shareholders' Meetings are deducted. (3) As of December 31, 2023 and 2022, the amounts of the share repurchase programs were deducted. The strength of the BBVA Group's earnings has contributed to achieving a consolidated fully loaded CET1 ratio of 12.88% as of December 31, 2024, which allows it to maintain a management buffer over the Group's CET1 requirement as of that date (9.13%), which is also above the Group's target management range of 11.5 - 12.0% CET1. The fully loaded CET1 ratio increased by 21 basis points, mainly explained by the generation of earnings in the year (276 basis points) which, net of shareholder remuneration and payment of convertible contingent instrument coupons (CoCos), generated a positive contribution of 127 basis points. Meanwhile, the growth in risk-weighted assets (RWA) derived from the organic growth of the business in constant terms, mainly as a result of the increase in the loan portfolio, and, to a lesser extent, debt securities, as well as risk transfers that drained the ratio by -155 basis points. In addition, CET1 had a positive contribution of +49 basis points mainly due to minority interests and the positive impact in Other Comprehensive Income (OCI) equivalent to the net monetary position value loss in hyperinflationary economies recorded in results, as well as the valuation of the Held to Collect and Sale portfolio and the effect of changes in foreign exchange rates due to the depreciation of the Mexican peso and, to a lesser extent, the Turkish lira (which led to a decrease in RWA), and the appreciation of the U.S. dollar. Consolidated fully loaded Additional Tier 1 (AT1) capital fully loaded stood at 1.53% as of December 31, 2024, -13 basis points compared to 2023. In June 2024, BBVA, S.A completed an issuance for an amount of €750 million Contingent Convertible instruments (CoCos) in June 2024. In addition, in March 2024, the call for redemption of another issuance of Contingent Convertible instruments for a total amount of €1.0 billion was made. The Tier 2 fully loaded ratio stood at 2.50% which represents an increase of 25 basis points compared to 2023, mainly due to the issuance of a subordinated bonds in Spain for €1.25 billion and €1.0 billion in February and August 2024, respectively, and, to a lesser extent, the issuance in Mexico, Turkey and Peru of subordinated debt for amounts of USD 900 million, USD 500 million and USD 300 million, respectively in the first quarter, in addition to the issuance in December of USD 750 million of subordinated debt in Turkey. On the other hand, a subordinated debt issuance amounting to €750 million was redeemed in Spain. In addition, in December, the early redemption of another issuance of €1.0 billion was announced, which was completed in January 2025. In addition, in Turkey, one issuance was partially redeemed, amounting to USD 134 million, and the early redemption of another issuance of 750 million Turkish liras was announced and executed in February. As a result of the above, the total fully loaded capital ratio stood at 16.90% as of December 31, 2024. The total phased-in capital ratio was also 16.90% as of the same date. With regard to MREL (Minimum Requirement for own funds and Eligible Liabilities) BBVA, as an MPE 5 , has sub-consolidated requirements, based on its resolution group 6 . On March 27, 2024 the Group made public that it had received a communication from the Bank of Spain regarding its MREL requirement, established by the Single Resolution Board (“SRB”). According to this communication, BBVA must maintain, as from March 27, 2024, a new MREL in RWA requirement of 22.79% 7 , not taking into account the current 8 combined buffer requirement (CBR) of 3.65%. In addition, BBVA must keep, also as from March 27, 2024, a volume of own funds and eligible liabilities in terms of total exposure considered for purposes of calculating the leverage ratio of 8.48% (the “MREL in LR”) 9 . With respect to the MREL ratios achieved as of December 31, 2024, these were 27.92% and 12.10%, respectively for MREL in RWA and MREL in LR, reaching the subordinated ratios of both 23.13% and 10.03%, respectively. Given the structure of the resolution group's own funds and eligible liabilities, as of December 31, 2024, the Group meets the aforementioned requirements. Additionally, on January 1, 2025, the bulk of the articles of the new Capital Requirements Regulation (Regulation (EU) 2024/1623), more commonly known as "CRR III," came into force, aiming to implement the Basel III framework reform in Europe. At the date of preparation of the Consolidated Financial Statements, no significant impact is anticipated from its application. 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, 2024, 2023 and 2022, calculated according to CCR, is as follows: Leverage ratio 2024 2023 2022 Tier 1 (millions of Euros) (a) 56,822 52,150 47,931 Exposure to leverage ratio (millions of Euros) (b) 834,488 797,888 737,990 Leverage ratio (a)/(b) (percentage) 6.81 % 6.54 % 6.49 % 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 (RAF). 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 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 RAF, this optimal allocation serves as a guide for the Group's capital management and seeks a solid 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, 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 view), 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 MREL, required at any given time; – compensating BBVA shareholders in an adequate and sustainable manner; and – 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 ensure adequate capital management.

Note 33

Note 33	12 Months Ended
	Dec. 31, 2024
Commitments and guarantees given [Abstract]
Disclosure of Commitments and guarantees given [Text Block]	Commitments and guarantees given The breakdown of the off-balance sheet exposures is as follows: Commitments and guarantees given (Millions of Euros) Notes 2024 2023 2022 Loan commitments given 7.2.2 188,515 152,868 136,920 Of which: impaired 160 165 177 Central banks 254 — — General governments 3,247 3,115 3,031 Credit institutions 13,441 15,595 15,407 Other financial corporations 8,656 7,063 5,895 Non-financial corporations 82,891 71,303 68,120 Households 80,026 55,791 44,467 Financial guarantees given 7.2.2 22,503 18,839 16,511 Of which: impaired (1) 192 229 281 Central banks — — — General governments 183 74 96 Credit institutions 636 978 475 Other financial corporations 2,843 2,177 1,263 Non-financial corporations 18,724 15,460 14,541 Households 116 150 135 Other commitments given 7.2.2 51,215 42,577 39,137 Of which: impaired (1) 439 636 689 Central banks — — — General governments 354 327 215 Credit institutions 6,447 3,607 4,134 Other financial corporations 3,256 1,837 1,758 Non-financial corporations 41,005 36,681 32,858 Households 153 125 171 Total 7.2.2 262,233 214,283 192,568 (1) Non-performing financial guarantees given amounted to €631, €865, and €970 million, respectively, as of December 31, 2024, 2023 and 2022. As of December 31, 2024 and 2023, the provisions for loan commitments, financial guarantees and other commitments given, recorded in the consolidated balance sheet amounted to €372, €140 and €155; and €277 million, €190 million and €303 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, 2024
Other Contingent Assets And Liabilities [Abstract]
Disclosure of Other Contingent Assets And Liabilities [Text Block]	Other contingent assets and liabilities As of December 31, 2024, 2023 and 2022 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, 2024
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, 2024
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) 2024 2023 2022 Financial instruments entrusted to BBVA by third parties 496,082 430,377 352,139 Conditional bills and other securities received for collection 13,460 12,125 11,738 Securities lending 5,700 6,397 3,223 Total 515,241 448,899 367,100

Note 37

Note 37	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Financial assets held for trading 5,951 4,984 2,079 Financial assets at fair value through other comprehensive income 2,951 3,098 3,110 Financial assets at amortized cost ⁽¹⁾ 50,243 38,328 25,258 Insurance activity 1,448 1,052 1,309 Adjustments of income as a result of hedging transactions 702 91 (825) Other income ⁽²⁾ 365 297 501 Total 61,659 47,850 31,432 (1) Includes interest on demand deposits at central banks and credit institutions. (2) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million for the year ended December 31, 2022 (see Note 22.1). The amounts recognized in consolidated equity in connection with hedging derivatives for the years ended December 31, 2024, 2023 and 2022 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) 2024 2023 2022 ⁽¹⁾ Financial liabilities held for trading 5,445 3,834 1,140 Financial liabilities designated at fair value through profit or loss 170 130 58 Financial liabilities at amortized cost 28,379 19,164 9,985 Adjustments of expense as a result of hedging transactions 1,097 809 (232) Insurance activity 1,016 633 948 Cost attributable to pension funds 173 110 76 Other expense 114 80 333 Total 36,392 24,761 12,309 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 38

Note 38	12 Months Ended
	Dec. 31, 2024
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 shown in the breakdown below: Dividend income (Millions of Euros) 2024 2023 2022 Non-trading financial assets mandatorily at fair value through profit or loss 10 11 15 Financial assets at fair value through other comprehensive income ⁽¹⁾ 109 107 108 Total 120 118 123 (1) Dividend income corresponds mainly to investments held at the end of the year.

Note 39

Note 39	12 Months Ended
	Dec. 31, 2024
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 €40 million for the year ended December 31, 2024, compared with the positive impact of €26 million and the positive impact of €21 million recorded for the years ended December 31, 2023 and 2022, respectively.

Note 40

Note 40	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ⁽¹⁾ Bills receivables 21 24 26 Demand accounts 300 300 424 Credit and debit cards and POS ⁽²⁾ 7,106 4,665 3,499 Checks 166 175 162 Transfers and other payment orders 961 862 812 Insurance product commissions 461 384 261 Loan commitments given 322 307 259 Other commitments and financial guarantees given 530 471 420 Asset management 1,685 1,407 1,228 Securities fees 360 345 266 Custody securities 221 207 193 Other fees and commissions 902 751 711 Total 13,036 9,899 8,260 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Points of Sale. The breakdown of fee and commission expense under this heading in the consolidated income statements is as follows: Fee and commission expense. Breakdown by origin (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Demand accounts 7 6 5 Credit and debit cards and POS ⁽²⁾ 3,534 2,337 1,884 Transfers and other payment orders 153 156 132 Commissions for selling insurance 47 40 54 Custody securities 101 111 92 Other fees and commissions 1,206 961 721 Total 5,048 3,611 2,888 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 41

Note 41	12 Months Ended
	Dec. 31, 2024
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 statements is as follows: Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros) 2024 2023 2022 Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 327 76 64 Financial assets at amortized cost 20 41 8 Other financial assets and liabilities 307 35 56 Gains (losses) on financial assets and liabilities held for trading, net 2,458 1,352 562 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 2,458 1,352 562 Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net 179 337 (67) Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 179 337 (67) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net 249 96 150 Gains (losses) from hedge accounting, net 5 (17) (45) Subtotal gains (losses) on financial assets and liabilities and hedge accounting 3,218 1,844 663 Exchange differences, net 695 339 1,275 Total 3,913 2,183 1,938 The breakdown of the balance (excluding exchange rate differences) under this heading in the consolidated 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) 2024 2023 2022 Debt instruments 841 799 (2,266) Equity instruments 553 669 (1,099) Trading derivatives and hedge accounting 181 (812) 1,361 Loans and advances to customers 236 165 (241) Customer deposits (81) (95) 274 Other 1,488 1,118 2,635 Total 3,218 1,844 663 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) 2024 2023 2022 Derivatives Interest rate agreements (21) 427 522 Securities agreements 236 (402) 1,653 Credit derivative agreements (123) (56) 16 Foreign-exchange agreements (15) (431) (658) Commodity and other agreements 99 (332) (127) Subtotal 176 (795) 1,406 Hedging derivatives ineffectiveness — — Fair value hedges 8 (10) (51) Hedging derivative (512) (114) (229) Hedged item 520 103 178 Cash flow hedges (3) (7) 6 Subtotal 5 (17) (45) Total 181 (812) 1,361

Note 42

Note 42	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Gains from sales of non-financial services 354 347 284 Other operating income 269 272 244 Total 623 619 528 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) 2024 2023 2022 Change in inventories 165 151 134 Contributions to guaranteed banks deposits funds ⁽¹⁾ 636 1,017 997 Hyperinflation adjustment ⁽²⁾ 1,775 2,007 1,687 Other operating expense ⁽³⁾ 1,374 867 620 Total 3,951 4,042 3,438 (1) In 2024, no contributions were made to the European Single Resolution Fund (SRF) since the constitution phase of the fund has been completed. Likewise, the Deposits Guarantee Fund of Credit Institutions in Spain reached in 2023 the minimum coverage level established by the European Regulation with respect to covered deposits, so that no additional contribution was necessary for this purpose during 2024, although prior contributions are maintained. (2) For the year ended December 31, 2024 it includes €1,419 million related to Argentina and €348 million related to Turkey. For the year ended December 31, 2023 it included €1,062 million related to Argentina and €916 million related to Turkey. For the year ended December 31, 2022, it included €822 million related to Argentina and €832 million related to Turkey (see Note 2.2.18). (3) For the year ended December 2024 and 2023, it includes €285 and €215 million, respectively, 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). The change compared to 2023 is mainly as a result of higher taxes in various geographies due to increased activity.

Note 43

Note 43	12 Months Ended
	Dec. 31, 2024
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 include the following: Income and expense from insurance and reinsurance contracts (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Income from insurance and reinsurance contracts ⁽²⁾ 3,720 3,081 2,622 Expense from insurance and reinsurance contracts (2,238) (1,821) (1,547) Total 1,482 1,261 1,075 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In general, the transition 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. The table below shows the contribution of each insurance product to the Group´s income for the years ended December 31, 2024, 2023 and 2022: Net income by type of product (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Life insurance 752 617 649 Individual 656 590 573 Group insurance 96 27 76 Non-Life insurance 730 643 426 Home insurance — — — Other non-life insurance products 730 643 426 Total 1,482 1,261 1,075 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 44

Note 44	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Wages and salaries 5,937 5,068 4,310 Social security costs 1,007 834 708 Defined contribution plan expense 25 158 139 87 Defined benefit plan expense 25 51 49 42 Other personnel expense 506 440 454 Total 7,659 6,530 5,601 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). 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, 2024, 2023 and 2022, corresponding to the remuneration plans based on equity instruments in each year, amounted to €23 million, € 24 million and €32 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 (hereinafter "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 15, 2024 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 6, 2024. In 2024, 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 2024 to the members of the Identified Staff is derived from the settlement of the Annual Variable Remuneration for 2023 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 2023, during 2024 a total amount of 2,627,541 BBVA shares or instruments linked to BBVA shares, corresponding, mostly, to the Upfront Portion of 2023 Annual Variable Remuneration and to other variable components of remuneration, were delivered. In addition, according to the remuneration policy applicable in 2018, during 2024 a total amount of 147,871 BBVA shares, corresponding to the third and last payment of the Deferred Portion of 2018 Annual Variable Remuneration of the Chair and other members of BBVA's Senior Management, were delivered. Additionally, according to the remuneration policy applicable in 2019, during 2024 a total amount of 220,803 BBVA shares, corresponding mostly to the second payment of the Deferred Portion of 2019 Annual Variable Remuneration of executive directors and other members of BBVA's Senior Management, as well as to other variable components of remuneration, were delivered. Likewise, according to the remuneration policy applicable in 2020, during 2024 a total amount of 2,244,441 BBVA shares were delivered, corresponding, mainly, to the entire payment of the Deferred Portion of 2020 Annual Variable Remuneration of certain members of the Identified Staff as well as to other variable components of remuneration. In 2020, the executive directors and other members of BBVA's Senior Management, as a gesture of responsibility and commitment in response to the exceptional circumstances arising from the COVID-19 crisis, waived their entire 2020 Annual Variable Remuneration. In accordance with the remuneration policy applicable in 2021, during 2024 a total of 740,382 BBVA shares were delivered, the majority corresponding to the second payment of the Deferred Portion of 2021 Annual Variable Remuneration of the Identified Staff, which includes executive directors and other members of BBVA's Senior Management, as well as to other variable components of remuneration. Lastly, according to the remuneration policy applicable in 2022, during 2024 a total amount of 728,081 BBVA shares were delivered, corresponding, mainly, to the first payment of the Deferred Portion of 2022 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, 2024, is included in Note 54. Lastly, in line with specific regulation applicable in Brazil and Portugal, BBVA Brazil Banco de Investimento and BBVA IFIC 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 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. – 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 CPI measured as a year-on-year change in prices. According to this remuneration scheme, during financial year 2024 a total of 6,581 BBVA shares corresponding to the upfront portion of 2023 annual variable remuneration were delivered to the staff of BBVA Brazil Banco de Investimento. Additionally, during 2024 a total of 1,832 BBVA shares corresponding to the first third of the deferred portion of 2022 annual variable remuneration were delivered as well as a total of €856 as adjustments for updates, a total of 1,624 BBVA shares corresponding to the second third of the deferred portion of 2021 annual variable remuneration and €1,324 as adjustments for updates, and a total of 1,368 BBVA shares corresponding to the last third of the deferred portion of 2020 annual variable remuneration and €1,305 as adjustments for updates. With regard to the BBVA IFIC group, 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 the year 2023 of some members of this group, in line with the provisions of the regulations in force. For this reason in 2024 just 1,951 BBVA shares have been delivered to BBVA IFIC identified members corresponding to 2023 variable remuneration. Additionally, during 2024 a total of 3,218 BBVA shares corresponding to the second third of the deferred portion of 2021 annual variable remuneration and a total of 2,149 BBVA shares corresponding to the last third of the deferred portion of 2020 annual variable remuneration were delivered to this group. 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) 2024 2023 2022 ⁽¹⁾ Technology and systems 1,732 1,512 1,391 Communications 261 219 195 Advertising 441 349 266 Property, fixtures and materials 577 520 440 Taxes other than income tax 481 451 370 Surveillance and cash courier services 255 234 214 Other expense 1,253 1,090 897 Total 5,001 4,375 3,773 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 45

Note 45	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022 is as follows: Depreciation and amortization (Millions of Euros) Notes 2024 2023 2022 Tangible assets 17 972 867 818 For own use 623 547 501 Right-of-use assets 343 317 312 Investment properties and other 5 3 5 Intangible assets 18.2 561 536 510 Total 1,533 1,403 1,328

Note 46

Note 46	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022, the net provisions recognized in this income statement line item were as follows: Provisions or reversal of provisions (Millions of Euros) Notes 2024 2023 2022 Pensions and other post-employment defined benefit obligations 25 3 31 (89) Commitments and guarantees given (84) 76 87 Pending legal issues and tax litigation 191 171 210 Other provisions 88 95 84 Total 198 373 291

Note 47

Note 47	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Financial assets at fair value through other comprehensive income - Debt securities 58 42 76 Financial assets at amortized cost 5,687 4,386 3,303 Of which: recovery of written-off assets by cash collection 7.2.5 (403) (369) (390) Total 5,745 4,428 3,379

Note 48

Note 48	12 Months Ended
	Dec. 31, 2024
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 a net reversal of impairment of €63 million in the year ended December 31, 2024. This heading included a net impairment of €9 million for the year ended December 31, 2023, and it included a net reversal of impairment of €42 million for the year ended December 31, 2022 (see Note 16.3).

Note 49

Note 49	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Tangible assets 17 (29) 16 (53) Intangible assets 15 26 25 Others 13 12 55 Total (1) 54 27

Note 50

Note 50	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Gains on sale of real estate 66 64 102 Impairment of non-current assets held for sale (1) 21 (83) (42) (221) Gains (losses) on sale of investments classified as non-current assets held for sale — — 11 Gains on sale of equity instruments classified as non-current assets held for sale — — — Total (17) 22 (108) (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).

Note 51

Note 51	12 Months Ended
	Dec. 31, 2024
Consolidated statements of cash flows [Abstract]
Disclosure of consolidated statements of cash flows [Text Block]	Consolidated statements of cash flows The variation between 2024, 2023 and 2022 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) 2024 2023 2022 2024 2023 2022 Balance at the beginning 68,707 55,429 55,763 15,832 12,485 14,794 Cash flows 627 13,283 (678) 3,303 3,388 (1,945) Non-cash changes 532 (5) 344 421 (40) (364) Acquisition — — — — — — Disposal — — — — — — Disposals by companies held for sale — — — — — — Foreign exchange movement 532 (5) 344 421 (40) (364) Fair value changes — — — — — — Balance at the end 69,867 68,707 55,429 19,556 15,832 12,485

Note 52

Note 52	12 Months Ended
	Dec. 31, 2024
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, 2024, with their respective auditors and other audit entities are as follows: Fees for Audits conducted and other related services (1) (Millions of Euros) 2024 2023 2022 Audits of the companies audited by firms belonging to the EY worldwide organization and other reports related with the audit (2) 32.8 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 1.5 1.4 1.0 Fees for audits conducted by other firms 0.1 0.1 0.1 (1) Regardless of the billed year. (2) Including fees pertaining to annual legal audits (€26.0 million as of December 31, 2024). In the year ended December 31, 2024, certain entities in the BBVA Group contracted other services (other than audits) as follows: Other Services rendered (Millions of Euros) 2024 2023 2022 Firms belonging to the EY worldwide organization 0.2 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) 2024 2023 2022 Legal audit of BBVA,S.A. or its companies under control 8.5 7.9 7.6 Other audit services of BBVA, S.A. or its companies under control 5.6 5.4 5.2 Limited Review of BBVA, S.A. or its companies under control 2.0 1.9 1.4 Reports related to issuances 1.2 1.0 0.4 Assurance services and other required by the regulator 1.2 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, the branch of BBVA in London and the branch of BBVA in Frankfurt. 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, 2024
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, 2024, 2023 and 2022, the following are the transactions with related parties: Transactions with significant shareholders As of December 31, 2024, 2023 and 2022, there were no shareholders with significant influence (see Note 26). Transactions of BBVA Group entities with joint ventures and associates The balances of the main captions in the consolidated balance sheets arising from the transactions carried out by the BBVA Group with joint ventures and associates are as follows: Balances arising from transactions of BBVA Group entities with joint ventures and associates (Millions of Euros) 2024 2023 2022 Assets Loans and advances to credit institutions 13 5 9 Loans and advances to customers 639 791 1,842 Debt securities 4 4 7 Liabilities Deposits from credit institutions 1 — 1 Customer deposits 160 134 204 Memorandum accounts Financial guarantees given 171 177 136 Other commitments given 784 595 751 Loan commitments given 117 119 10 The balances of the main captions in the consolidated income statements resulting from transactions with joint ventures and associates are as follows: Balances of consolidated income statement arising from transactions of BBVA Group entities with joint ventures and associates (Millions of Euros) 2024 2023 2022 Income statement Interest and other income 37 44 20 Interest expense 4 4 2 Fee and commission income 7 4 5 Fee and commission expense 55 49 40 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 December 31 of each year (thousands of Euros) 2024 2023 2022 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 2,176 210 4,664 688 531 243 5,553 727 668 1,880 6,321 764 Bank guarantees — — 10 — — — 10 — — — 10 — (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, 2024
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 of 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 2024 and 2023 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 2024 2023 José Miguel Andrés Torrecillas 129 167 165 — — 115 — 50 625 593 Jaime Caruana Lacorte 129 167 22 107 — 31 — — 455 502 Enrique Casanueva Nárdiz (3) 107 — 44 71 — — — — 223 — Sonia Dulá 129 — 66 107 — — — — 302 223 Raúl Galamba de Oliveira 129 — — 214 — 46 43 80 512 461 Belén Garijo López 129 167 — — 36 46 — — 378 416 Connie Hedegaard Koksbang 129 — 66 — — — — — 195 173 Lourdes Máiz Carro 129 — 66 — 43 — — — 238 238 José Maldonado Ramos (4) 32 42 — — — 12 — — 85 342 Cristina de Parias Halcón (5) 107 — — — — 31 29 — 167 — Ana Peralta Moreno 129 — 66 — 43 — — — 238 238 Juan Pi Llorens (4) 32 — — 27 — 12 11 — 81 361 Ana Revenga Shanklin 129 — — 107 86 — 43 — 364 307 Susana Rodríguez Vidarte (6) — — — — — — — — — 112 Carlos Salazar Lomelín (7) 129 — — — 43 — — — 172 172 Jan Verplancke 129 — — — 43 — 43 — 214 214 Total 1,695 542 497 633 293 293 168 130 4,250 4,350 (1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2024. (2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director. (3) Director appointed by the General Shareholders' Meeting held on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. (4) Directors who left office on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. (5) Director appointed by the General Shareholders’ Meeting held on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. In addition, the director Cristina de Parias Halcón received in the 2024 and 2023 financial years, €72 thousand and €76 thousand, respectively, as per diems for her attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. Likewise, in 2024, she received €56 thousand and 14,697 BBVA shares corresponding to the deferred portion of 2018 and 2019 annual variable remuneration accrued in her former condition of BBVA’s member of Senior Management, including the update of its cash portion. In 2025, the last payment of the deferred portion of 2019 annual variable remuneration, including the update of its cash portion, is due to this director (€30 thousand and 7,593 BBVA shares). (6) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term in office in that financial year. (7) In addition, in financial years 2024 and 2023, the director Carlos Salazar Lomelín received €113 thousand and €67 thousand, respectively, as per diems for his attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. and of the strategy forum of BBVA México, S.A. de CV. Likewise, during financial years 2024 and 2023, €112 thousand and €123 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 General Shareholders’ Meeting held on March 18, 2006 and extended by resolutions of the General Shareholders’ Meetings held on March 11, 2011 and March 11, 2016 for a further five-year period in each case, by the General Shareholders’ Meeting held on April 20, 2021 for a further three-year period and by the General Shareholders’ Meeting held on March 17, 2023 for a further four-year period. This system is based on 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 directorship for any reason other than serious breach of their duties. The theoretical shares allocated to non-executive directors who were beneficiaries of the remuneration system with deferred delivery of shares in the 2024 and 2023 financial years, corresponding to 20% of the total annual fixed allowance in cash received by each of them in the 2023 and 2022 financial years, respectively, were as follows: 2024 2023 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 13,407 147,455 16,023 134,048 Jaime Caruana Lacorte 11,350 106,310 17,255 94,960 Enrique Casanueva Nárdiz (2) — — — — Sonia Dulá (3) 5,042 5,042 — — Raúl Galamba de Oliveira 10,423 40,191 10,091 29,768 Belén Garijo López 9,401 110,593 10,603 101,192 Connie Hedegaard Koksbang 3,914 7,177 3,263 3,263 Lourdes Máiz Carro 5,384 76,977 7,237 71,593 José Maldonado Ramos ⁽⁴⁾ 7,735 — 10,397 146,874 Cristina de Parias Halcón ⁽²⁾ — — — — Ana Peralta Moreno 5,384 47,713 7,237 42,329 Juan Pi Llorens ⁽⁴⁾ 8,157 — 13,943 148,542 Ana Revenga Shanklin 6,947 31,161 8,035 24,214 Susana Rodríguez Vidarte ⁽⁵⁾ — — 13,648 — Carlos Salazar Lomelín 3,882 21,012 5,218 17,130 Jan Verplancke 4,851 40,623 6,521 35,772 Total 95,877 634,254 129,471 849,685 (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 General Shareholders’ Meetings of March 15, 2024 and March 17, 2023 which were €8.84 and €6.58 per share, respectively. (2) Directors appointed by the General Meeting held on March 15, 2024; accordingly, the allocation of theoretical shares is not due until 2025. (3) Director appointed by the General Meeting held on March 17, 2023; accordingly, the first allocation of theoretical shares was made in 2024. (4) Directors who left office on March 15, 2024. In application of the system, José Maldonado Ramos and Juan Pi Llorens received a total of 154,609 and 156,699 BBVA shares, respectively, after leaving office, which is equivalent to the total theoretical shares accumulated up to that date by each of them. (5) 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 was equivalent to the total theoretical shares accumulated up to that date. Remuneration of executive directors The remuneration of executive directors for financial years 2024 and 2023 indicated below, individually and by remuneration item, are the result of applying the BBVA Directors’ Remuneration Policy approved at the General Shareholders’ Meeting held on March 17, 2023. Annual Fixed Remuneration (thousands of Euros) 2024 2023 Chair 2,924 2,924 Chief Executive Officer 2,179 2,179 Total 5,103 5,103 In addition, in accordance with the provisions established in the BBVA Directors’ Remuneration Policy and contractually, during the 2024 and 2023 financial years the Chair received, each year, the amount of €41 thousand of fixed allowances for vehicle rental and others. Meanwhile, the Chief Executive Officer received, each year, the amount of €654 thousand of fixed remuneration in cash in lieu of pension (equivalent to 30% of his Annual Fixed Remuneration), as he does not receive a retirement benefit (see section on “Pension commitments with executive directors” in this Note), and the amount of €600 thousand for his mobility allowance. Remuneration in kind (thousands of Euros) Likewise, the executive directors received remuneration in kind during the financial years 2024 and 2023, including insurance premiums and others, totaling €140 thousand and €172 thousand in the case of the Chair and €128 thousand and €131 thousand in the case of the Chief Executive Officer, respectively. Variable remuneration With regard to variable remuneration, the BBVA Directors’ Remuneration Policy approved by the General Shareholders’ Meeting in 2023 establishes a model whereby the Annual Variable Remuneration (“AVR”) of the executive directors comprises 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 for the year of each executive director. The STI will be awarded once the reference year for measuring the annual indicators used for its calculation has ended. The amount of the STI will be determined based on the results of these indicators, taking into account the targets, scales of achievement and weightings established for each of them, which may range between 0% and 150% of the “Target STI”. The “Target STI” represents the amount of the STI if 100% of the pre-established targets for these indicators are achieved. Once the aforementioned minimum profit and capital ratio thresholds have been reached, the right to the LTI will accrue, the final amount of which may range between 0% and 150% of the “Target LTI”. The “Target LTI” represents the amount of the LTI if 100% of the pre-established targets for the long-term indicators approved for its calculation are achieved. The final amount of the LTI will be determined once the last year of the measurement period of the long-term indicators has ended, based on their results and taking into account the targets, scales of achievement and weightings established for each of them. A percentage not exceeding 40% of the AVR 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, will be deferred over a five-year period and paid, if conditions are met, at the end of each of the five years of deferral, 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, the payment of the LTI shall only begin after the expiration of the measurement period of the long-term indicators’ targets, to the result of which its final amount is subject. Therefore, the LTI is part of the Deferred Portion of the AVR of executive directors. In accordance with the foregoing, in 2024 the executive directors accrued a Short-Term Incentive amounting to €2,871 thousand in the case of the Chair and €2,147 thousand in the case of the Chief Executive Officer. In addition, the executive directors accrued the right to a Long-Term Incentive for a maximum theoretical amount of €1,929 thousand in the case of the Chair and €1,443 thousand for the Chief Executive Officer, which is equivalent, in both cases, to 150% of their Target LTI. Once the measurement period for the long-term indicators established for their calculation has ended (at the end of 2027), their final amount will be determined, which may range between 0% and 150% of the “Target LTI”. Therefore, if 100% of the pre-established targets are met, this incentive will amount to €1,286 thousand in the case of the Chair and €962 thousand in the case of the Chief Executive Officer. In addition, the remaining rules applicable to the Annual Variable Remuneration of the executive directors set out in the BBVA Directors’ Remuneration Policy will apply to the Annual Variable Remuneration for financial year 2024, which include: (i) a retention period of one year following 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 finally vested Deferred Portion in cash in accordance with the CPI; (iv) malus and clawback arrangements throughout the whole periods of deferral and retention of the shares or instruments; and (v) the limitation of variable remuneration to a maximum amount of 200% of the fixed component of total remuneration, in accordance with the resolution approved by the General Shareholders’ Meeting held in 2024. Taking into account the above, the Upfront Portion of the AVR for the financial years 2024 and 2023 of the executive directors which is due for payment once each of said financial years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2024 (1) 2023 (2) In cash In shares In cash In shares Chair 897 92,803 897 107,835 Chief Executive Officer 671 69,408 671 80,650 Total 1,568 162,211 1,568 188,485 (1) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2023 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. Deferred Annual Variable Remuneration (AVR) from previous financial years 2024 (1) 2023 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Chair 2023 221 38,821 — — 2022 236 56,941 229 56,941 2021 228 57,325 222 57,325 2020 0 0 0 0 2019 181 45,529 176 45,529 2018 — — 132 35,795 Subtotal 867 198,616 760 195,590 Chief Executive Officer 2023 166 29,034 — — 2022 181 43,793 176 43,793 2021 173 43,552 169 43,552 2020 0 0 0 0 2019 163 40,858 158 40,858 2018 — — — — Subtotal 683 157,237 503 128,203 Total 1,550 355,853 1,263 323,793 (1) Deferred remuneration payable after the 2024 year-end, including the update of its cash portion. Payment to the Chair and the Chief Executive Officer will take place in 2025 in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2023 Deferred AVR: the first payment of the Deferred STI (17.9% of the Deferred Portion) is due to executive directors. Thereafter, the second payment of the Deferred STI (17.9% of the Deferred Portion) and the 2023 LTI (64.2% of the Deferred Portion) will be deferred for both executive directors. The final amount of the 2023 LTI will depend on the result of the long-term indicators approved for its calculation once its measurement period has elapsed (at the end of 2026), which may range between an achievement of 0% to 150%. If the relevant conditions are met, the second payment of the Deferred STI will be made in 2026 and the three payments of the 2023 LTI will be made in 2027, 2028 and 2029. • 2022 Deferred AVR: the second payment (20% of the Deferred Portion) is due to executive directors. Thereafter, 60% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the relevant conditions are met, will be paid in 2026, 2027, and 2028. • 2021 Deferred AVR: the third payment (20% of the Deferred Portion) is due to executive directors, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. Thereafter, 40% of the 2021 Deferred AVR will be deferred for both executive directors which, if the relevant conditions are met, will be paid in 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • 2019 Deferred AVR: the third and final payment (20% of the Deferred Portion) is due to executive directors. Following this, payment to executive directors of the 2019 Deferred AVR will be completed. (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Its payment to the Chair and/or the Chief Executive Officer took place in 2024, in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment (20% of the Deferred Portion) was made to executive directors. • 2021 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • 2019 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. • 2018 Deferred AVR: in 2024, the third and final payment (20% of the Deferred Portion) was made to the Chair. Following this, payment to the Chair of the 2018 Deferred AVR, which was associated with his former position as Chief Executive Officer, was completed. 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 eligible 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 for the Chair, as set out 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. A portion of 15% of this annual contribution will be based on variable components and considered “discretionary pension benefits”. It will, therefore, be subject to the conditions regarding delivery in shares, withholding, reduction 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 above, 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 in favor of the Chair to cover the contingencies of death and disability, the Bank will pay the corresponding annual insurance premiums in order to top up this coverage. In accordance with the foregoing, in the financial year 2024, an amount of €456 thousand was recorded, comprising the agreed annual contribution to cover the retirement contingency, which is €439 thousand, and a further amount of €17 thousand relating to the upward adjustment of the “discretionary pension benefits” for the financial year 2023, which were declared at the end of that year and which had to be included in the accumulated fund in 2024. Likewise, an amount of €252 thousand was paid in insurance premiums for the death and disability contingencies. As of December 31, 2024, the total accumulated fund to meet the retirement commitments with the Chair amounted to € 26,893 thousand. Of the annual contribution for the retirement contingency corresponding to the financial year 2024, 15% (€66 thousand) was recorded in that 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 Short-Term Incentive that is part of the Chair’s Annual Variable Remuneration for the 2024 financial year and was determined to amount to €83 thousand, which represents an upward adjustment of €17 thousand. These “discretionary pension benefits” will be included in the accumulated fund in the 2025 financial year and will be subject to the conditions established for them in the BBVA Directors’ Remuneration Policy. With regard to 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 2024 financial year, the Bank paid the Chief Executive Officer the amount of the “cash in lieu of pension” fixed remuneration, 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 with the Chief Executive Officer, for which the corresponding annual insurance premiums are paid. For these purposes, an amount €221 thousand was recognized in 2024 in this regard. Pension systems (thousands of Euros) Contributions (1) Accumulated funds Retirement Death and disability 2024 2023 2024 2023 2024 2023 Chair 456 458 252 322 26,893 24,759 Chief Executive Officer — — 221 230 — — Total 456 458 472 552 26,893 24,759 (1) Contributions recognized to meet the pension commitments with the executive directors in financial years 2024 and 2023. In the case of the Chair, these relate to the sum of the annual retirement pension contribution and the adjustment made to the “discretionary pension benefits” for the financial years 2023 and 2022, the contribution of which to the accumulated fund was to be made in the financial years 2024 and 2023, respectively, as well as to the premiums for the death and disability contingencies. In the case of the Chief Executive Officer, the contributions recognized correspond exclusively to the insurance premiums paid by the Bank in 2024 and 2023 to cover the death and disability contingencies given that, in his case, the Bank has not undertaken any commitments to cover the contingency of retirement. Payments for termination of the contractual relationship In accordance with the BBVA Directors’ Remuneration Policy, the Bank has no commitments to make severance payments to executive directors. Remuneration of Senior Management The remuneration of all Senior Management, excluding executive directors, for financial years 2024 and 2023, as indicated below, broken down by remuneration item, are the result of applying the BBVA Group’s General Remuneration Policy approved by the Board of Directors on March 29, 2023. Fixed remuneration (thousands of Euros) 2024 2023 Senior Management Total (1) 19,928 18,187 (1) 16 members as of December 31, 2024, and 15 members as of December 31, 2023, excluding executive directors in both cases. In addition, in accordance with the provisions established in the BBVA Group’s General Remuneration Policy and contractually, during the 2024 and 2023 financial years, the members of Senior Management collectively received fixed allowances for vehicle rental and others totaling €347 thousand and €314 thousand, respectively. Remuneration in kind (thousands of Euros) During the 2024 and 2023 financial years, remuneration in kind, including insurance premiums and others, totaling €603 thousand and €590 thousand, respectively, was collectively paid to members of Senior Management. Variable remuneration With regard to variable remuneration, the BBVA Group’s General Remuneration Policy establishes a model whereby the Annual Variable Remuneration (“AVR”) for members of Senior Management, like that of executive directors, comprises 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 for the year of each member of Senior Management. Under this model, and in the same terms as set out above for the executive directors, in 2024 financial year, all members of Senior Management accrued a Short-Term Incentive for a total combined amount of €7,271 thousand. In addition, all members of Senior Management accrued the right to a Long-Term Incentive for a maximum theoretical amount of €4,856 thousand, which is equivalent to the sum of 150% of the “Target LTI” of each beneficiary. The final amount of the LTI of each beneficiary will be determined at the end of the measurement period of the long-term indicators established for its calculation (at the end of 2027). This final amount may range between 0% and 150% of the “Target LTI”. Therefore, if 100% of the pre-established targets are achieved, it will amount to a total of €3,237 thousand. Moreover, the remaining rules applicable to the Annual Variable Remuneration of the members of the Senior Management established in the BBVA Group’s General Remuneration Policy will apply to the Annual Variable Remuneration for financial year 2024, which include: (i) a retention period of one year following 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 finally vested Deferred Portion in cash in accordance with the CPI; (iv) malus and clawback arrangements throughout the whole periods of deferral and retention of the shares or instruments; and (v) the limitation of variable remuneration to a maximum amount of 200% of the fixed component of total remuneration, in accordance with the resolution approved by the General Shareholders’ Meeting in 2024. Taking into account the above, the total sum of the Upfront Portion of the AVR for financial years 2024 and 2023 of the members of Senior Management, due for payment once each of said financial years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2024 (1) 2023 (2) In cash In shares In cash In shares Senior Management Total (3) 2,272 235,016 2,229 267,628 (1) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2023 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (3) 16 members as of December 31, 2024 and 15 members as of December 31, 2023, excluding executive directors in both cases. Deferred Annual Variable Remuneration (AVR) from previous financial years 2024 (1) 2023 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Senior Management Total (3) 2023 576 98,636 — — 2022 526 125,129 493 122,566 2021 490 119,207 457 116,528 2020 56 14,340 1,494 289,020 2019 314 77,447 303 77,447 2018 — — 139 36,454 Total 1,963 434,759 2,885 642,015 (1) Deferred remuneration payable after 2024 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who are beneficiaries will take place in 2025 in accordance with the remuneration policies applicable in each financial year and the vesting and payment rules set forth therein applicable to each member of Senior Management, based on when they became such a member: • 2023 Deferred AVR: the first payment of the Deferred STI is due to members of Senior Management. • 2022 Deferred AVR: the second payment is due to members of Senior Management. • 2021 Deferred AVR: the third payment is due to members of Senior Management, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the whole of their 2020 AVR. Without prejudice to the foregoing, the second payment of the deferred portion of a success bonus on the sale of BBVA USA is due to one member of Senior Management — an executive of BBVA USA at that time —. • 2019 Deferred AVR: the third and final payment is due to the members of Senior Management that are beneficiaries. In addition, the third and final payment of the deferred portion of a retention plan is payable to one member of Senior Management. (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who were beneficiaries took place in 2024 in accordance with the vesting and payment rules set forth in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment was made to members of Senior Management. • 2021 Deferred AVR: in 2024,

Note 55

Note 55	12 Months Ended
	Dec. 31, 2024
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, 2024, 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 financial statements in the Commercial Register is approved.

Note 56

Note 56	12 Months Ended
	Dec. 31, 2024
Disclosure of non-adjusting events after reporting period [abstract]
Disclosure of subsequent events [Text Block]	Subsequent events On January 14, 2025, 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. Likewise, on January 28, 2025, the Bank announced its irrevocable decision to redeem in whole on March 5, 2025, the issuance of contingently convertible preferred securities (which qualified as additional tier 1 instruments) carried out by the Bank on September 5, 2019, for an amount of USD 1 billion on the First Reset Date and once the prior consent from the Regulator was obtained (see Note 22.4). In addition, on February 17, 2025 BBVA, S.A. announced a 12-year Tier 2 subordinated bond of €1 billion to be issued on February 25, with a call option in February 2032. On January 30, 2025, it was announced that a cash distribution in the amount of €0.41 gross per share to be paid presumably in April 2025 as the final dividend for the year 2024, and the execution of a share buyback program of BBVA for an amount of €993 million were planned to be proposed to the corresponding corporate bodies for consideration as ordinary remuneration to shareholders for 2024, subject to obtaining the corresponding regulatory authorizations and approval by the Board of Directors of the specific terms and conditions of the program, which will be communicated to the market prior to the start of its execution. Finally, on February 14, 2025 BBVA announced by means of an Inside Information filing with the CNMV, that the Board of Directors of BBVA has resolved to propose to the Annual General Shareholders’ Meeting to be held on March 21, 2025 a cash distribution of €0.41 gross per share as a final dividend for 2024 to be paid on April 10, 2025. From January 1, 2025 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.

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	At BBVA, cybersecurity risk management is an integral part of our overall enterprise risk management program. Our cybersecurity risk management program provides a framework for handling cybersecurity threats and incidents, including threats and incidents associated with the use of services provided by third-party service providers, and is designed to facilitate coordination across different departments of the Group in the handling of such cybersecurity threats and incidents. This framework includes steps for assessing the severity of a cybersecurity threat, identifying the source of a cybersecurity threat, including whether the cybersecurity threat is associated with a third-party service provider, implementing cybersecurity countermeasures and mitigation strategies and, as later explained in greater detail, informing management and our Board of Directors of material cybersecurity threats and incidents. Our cybersecurity risk management program is regularly updated to align with industry best practices established by internationally accepted security standards and its effectiveness in mitigating the risks that the Group is exposed to is periodically assessed. For BBVA, cybersecurity is not only a strategic priority, but also one of the main elements in the digital transformation of the Bank. BBVA’s Corporate Security Area is responsible for ensuring adequate information security management by establishing security policies, procedures and controls that bolster the security of the Group’s global infrastructures, digital channels and payment methods following a holistic and threat intelligence-led approach, where a program has been designed for each of the four fundamental pillars of BBVA’s security strategy: cybersecurity, data protection, physical security and security in business processes and fraud management, with the aim to reduce the risks identified in the risk taxonomy defined by the Group. As cyberattacks evolve and become more sophisticated, the Group has strengthened its prevention and monitorization efforts. During the past few years, cybersecurity and information security measures have been reinforced with the aim to ensure an adequate protection of BBVA’s information and the assets supporting business processes. Security measures adopted in the past few years include measures intended to: (i) ensure end-to-end protection of business processes, considering logical and physical security, privacy and fraud management concerns, (ii) ensure compliance with the security and privacy by design principles; and (iii) improve client access control and authentication services related to online services, from a security and user experience perspective, including by enhancing the use of facial biometrics, behavioral biometrics, advanced analytics models and the implementation of dynamic Card Verification Values (CVV). Further, system monitoring capabilities, as well as incident prevention, detection and response capabilities have also been strengthened through the use of integrated information sources, improved analytical capabilities and automated platforms, improving information security management from a preventive and proactive approach. Additionally, and with the aim to ensure that security is embedded in business processes, the security management model has been reinforced in the software development lifecycle process and in infrastructure, architecture and operations management. The Global Computer Emergency Response Team (“ CERT ”) is the Group’s first line of detection and response to cyberattacks aimed at global users and the Group’s infrastructure. The Global CERT, which is based in Madrid, operates 24x7 and provides services in all countries where the Group operates, with operation lines dedicated to fraud and cybersecurity. The Global CERT receives information on cybersecurity threats from our Threat Intelligence Unit. Both of them are part of the Corporate Security Area. BBVA routinely reviews, reinforces and tests its security processes and procedures through simulation exercises in the areas of physical security and digital security. Specialized teams periodically perform security technical tests in order to detect and correct possible security vulnerabilities. These tests include technical tests of technological platforms as well as malicious users’ simulated attacks performed by the “red team”. The outcome of such exercises is a fundamental part of a feedback process designed to improve the Group’s cybersecurity strategies. Both the Corporate Security Area and the Risk Control Area engage third-party security experts for risk assessments and system enhancements. BBVA is working on the development of new artificial-intelligence and machine-learning models that enable the prediction and prevention of cyberattacks on financial infrastructure, providing a more secure client experience. BBVA’s Threat Intelligence Area has been reinforced in 2023 and 2024, adopting measures directed at transforming detailed technical information into actionable intelligence information that can be used to make decisions related to risk management. The Threat Intelligence Area continuously monitors threats that affect the financial sector and analyses risk trends with the aim to implement measures to minimize the risks the Group is exposed to. Analysis performed includes not only security trends but also the type, frequency and origin of attacks on systems and information. In addition, BBVA continuously carries out training and awareness initiatives related to security and privacy, promoting training and awareness campaigns for BBVA’s employees, clients and society, through the BBVA app, online channels and social networks. Some of the topics covered include protection of personal information, secure password management, device protection (laptops, smartphones, etc.), social engineering (phishing, smishing, vishing), malware and other technical attacks detection, detection of scams, security on online purchases and how to react if there is a security incident. BBVA’s cybersecurity strategy is based on internationally accepted security standards. It covers best practices established in information-security standards and guidelines including ISO/IEC 27002 and other ISO/IEC 27000 series standards, COBIT 5 and the NIST Cybersecurity Framework. BBVA has also obtained several security certifications (such as Tier IV and ISAE 3402 certifications) in different countries. To maintain these certifications, periodic external audits are performed, considering the specific requirements of each certification. The external auditors that perform these audits are selected from among the most recognized audit firms in the areas of each certification.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	In 2024, we did not identify any cybersecurity threats that materially affected or are reasonably likely to materially affect our business strategy, results of operations or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced an undetected cybersecurity incident.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board of Directors has overall oversight responsibility for our risk management, and is assisted by the Board’s Technology and Cybersecurity Committee in the oversight of technological risk and cybersecurity management and in monitoring the Group’s technological and cybersecurity strategies.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board of Directors has overall oversight responsibility for our risk management, and is assisted by the Board’s Technology and Cybersecurity Committee in the oversight of technological risk and cybersecurity management and in monitoring the Group’s technological and cybersecurity strategies. This Committee, which meets every two months, is one of the main elements of our risk management governance model. It is responsible for the oversight of the Group’s technological and cybersecurity strategies and is informed by the Chief Security Officer (“ CSO
Cybersecurity Risk Role of Management [Text Block]	The risk management process includes lines of action related to the adequate training of BBVA’s Board members in the area of cybersecurity and incident management, as well as the periodic performance of global and local simulation exercises in order to raise the level of training and awareness of the Board of Directors and certain key personnel and ensure an immediate and effective response in case of a security breach. Further, BBVA’s Corporate Security Area and the Risk Control Area, based in Madrid, are responsible for identifying and assessing material cybersecurity risks on an ongoing basis, establishing processes to ensure that such potential cybersecurity risk exposures are monitored, putting in place appropriate mitigation measures and maintaining cybersecurity programs. Our cybersecurity programs are under the direction of our CSO, who receives reports from our cybersecurity team (which is part of the Corporate Security Area) and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents. Both the Corporate Security Area and the Risk Control Area engage third-party security experts for risk assessments and system enhancements.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Board of Directors has overall oversight responsibility for our risk management
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CSO and certain of the personnel of the Corporate Security Area have obtained internationally recognized certifications such as ISACA, Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC), Certified Data Privacy Solutions Engineer (CDPSE), SANS Institute Certifications (GIAC Security Essentials, GIAC Certified Incident Handler Certification, GIAC Strategic Planning Policy and Leadership), Certified Information Systems Security Professional (CISSP) and ISO Certifications (ISO 27001 Lead Auditor), among others, and consist of experienced information systems security professionals and information security managers with the experience and capabilities required for their security functions. The CSO regularly reports to BBVA’s Internal Control & Operational Risk Committee on the Group’s cybersecurity programs, material cybersecurity risks and mitigation strategies and provide cybersecurity reports to them every two months that cover, among other topics, third-party assessments of the Group’s cybersecurity programs, developments in cybersecurity and updates to the Group’s cybersecurity programs and mitigation strategies.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Board of Directors has overall oversight responsibility for our risk management, and is assisted by the Board’s Technology and Cybersecurity Committee in the oversight of technological risk and cybersecurity management and in monitoring the Group’s technological and cybersecurity strategies. This Committee, which meets every two months, is one of the main elements of our risk management governance model. It is responsible for the oversight of the Group’s technological and cybersecurity strategies and is informed by the Chief Security Officer (“ CSO
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

List of accounting policies (Po

List of accounting policies (Policies)	12 Months Ended
	Dec. 31, 2024
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 On January 1, 2018, IFRS 9 came into force, replacing IAS 39 regarding the classification and measurement of financial assets and liabilities, credit impairment and hedge accounting. At that time, the Group chose to continue applying IAS 39 for hedge accounting, as permitted by IFRS 9. However, the Group has determined to apply the requirements of IFRS 9 to hedge accounting from January 1, 2025. This change in accounting policy applicable to hedging relationships had no significant impact on the Group's consolidated financial statements as of the date of its implementation. 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. In the specific case of loans granted by the BBVA Group where the financial remuneration is linked to the compliance with certain environmental, social and governance (hereinafter "ESG") conditions and criteria, the Group considers that the impact of compliance with the ESG criteria on the interest rate applied to the transactions is very limited and, therefore, meets the condition that it has a minimal effect on cash flows. Therefore, the existence of these ESG-linked clauses would not entail non-compliance with the aforementioned SPP 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 to generate short-term results. The financial assets recorded in the heading “Non-trading financial assets mandatorily at fair value through profit or loss" either have contractual cash flows that do not met the conditions of the SPPI test, or are not covered by a business model whose objective is either (i) to hold financial assets to collect contractual cash flows or (ii) achieved by collecting contractual cash flows and selling financial assets. Financial assets are classified in “Financial assets designated at fair value through profit or loss” only if such classification 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 hedging 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. In some hedging relationships, the Group additionally designates inflation risk as a contractually specified component in a debt instrument (for example, inflation-referenced bonds). Hedge 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. The definition of impaired asset under IFRS 9 is currently aligned with that of default used by the Group both for internal credit risk management and for regulatory purposes, in accordance with the definitions established in the European Banking Authority (hereinafter "EBA") Guidelines and in Article 178 of Regulation (EU) No 575/2013 (CRR). This alignment facilitates the integration of both definitions in credit risk management, giving coherence and consistency in the processes. 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, 2024, 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 remot
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 hedging 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. In some hedging relationships, the Group additionally designates inflation risk as a contractually specified component in a debt instrument (for example, inflation-referenced bonds). Hedge 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. The definition of impaired asset under IFRS 9 is currently aligned with that of default used by the Group both for internal credit risk management and for regulatory purposes, in accordance with the definitions established in the European Banking Authority (hereinafter "EBA") Guidelines and in Article 178 of Regulation (EU) No 575/2013 (CRR). This alignment facilitates the integration of both definitions in credit risk management, giving coherence and consistency in the processes. 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, 2024, 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, 2024, 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 to contracts with a current annualized probability of default (PD) of less than 0.3%. 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 the relevant 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 the relevant 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 business combinations [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 the relevant 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 IFRS 17 superseded IFRS 4 as the accounting standard applicable to the recognition, measurement and presentation of contracts that transfer significant insurance risk. 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. In order to make the information as of and for the year ended December 31, 2022 comparable with the information as of and for the years ended December 31, 2024 and 2023, the balance sheet as of December 31, 2022 and the income statement for the year ended December 31, 2022 were restated. 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 ). – 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 chose 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, 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 carries 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.
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. – 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. – 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. – 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. – 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 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 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 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 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 (see 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" (see 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. As of December 31, 2024, 2023 and 2022, the impact on the consolidated financial statements that would have resulted by applying the last published official exchange rate instead of the exchange rate estimated by BBVA Group was not significant (see Note 2.2.18).
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 (see 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" (see 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. As of December 31, 2024, 2023 and 2022, the impact on the consolidated financial statements that would have resulted by applying the last published official exchange rate instead of the exchange rate estimated by BBVA Group was not significant (see Note 2.2.18).
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 2022, 2018 and 2009, the economies of Turkey, Argentina and Venezuela, respectively, have been considered hyperinflationary under the above criteria. As a result, the financial statements of the BBVA Group’s entities located in such geographical areas have been adjusted to correct for the effects of inflation. 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 geographical areas: – 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 €1,742 million in 2024, of which €1,498 million is attributable to owners of the parent (€2,242 and €1,793 million loss attributable to owners of the parent in 2023 and 2022, respectively). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €1,512 million and is recorded in the line “Other operating expense” in the consolidated income statement (€2,118 and €2,323 million in 2023 and 2022, respectively), and it was partially offset by the positive impact of the revaluation of certain bonds linked to inflation, for a gross amount of €1,164 million (€1,202 and €1,490 million in 2023 and 2022, respectively), given that, under IAS 29 "Financial Reporting in Hyperinflationary Economies", these types of bonds are considered protective assets (see Note 42). In addition, during 2024 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 €1,253 million (€-355 million in 2023), of which €1,072 million (€-306 million in 2023) have been recorded within “Equity – Accumulated other comprehensive income (loss)”, and €181 million (€-49 million in 2023) have been recorded within “Minority interests – Accumulated other comprehensive income (loss)”, respectively (see Notes 30 and 31). 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, in the Turkish subsidiaries 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 2024 stood at 44.4% (64.8% and 64.3% in 2023 and 2022, respectively) and the exchange rate used as of December 31, 2024 was 36.74 Turkish lira per euro (32.65 and 19.96 in 2023 and 2022, respectively). Argentina The combined result derived from the application of the above criteria amounted to a loss of €1,208 million, of which €810 million is attributable to owners of the parent in 2024 (€1,574 and €694 million loss attributable to owners of the parent in 2023 and 2022, respectively). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €1,419 million and is recorded in the line “Other operating expense” in the consolidated income statement in 2024 (€1,062 million and €822 million in 2023 and 2022, respectively). Furthermore, during 2024, 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 €1,115 million (€-634 million and €242 million in 2023 and 2022, respectively) of which €745 million (€-428 million and €157 million in 2023 and 2022, respectively) have been recorded within “Equity – Accumulated other comprehensive income (loss)”, and €370 million (€-206 million and €84 million in 2023 and 2022, respectively) have been recorded within “Minority interests – Accumulated other comprehensive income (loss)” (see Notes 30 and 31). Accumulated inflation estimated by the National Census Institute of Argentina (Indec) and BBVA Research for the year 2024 was 118% (215% and 97% in 2023 and 2022, respectively) and the exchange rate used as of December 31, 2024 was 1,072.66 Argentine pesos per euro (892.81 and 188.51 in 2023 and 2022, respectively). Venezuela The combined result derived from the application of the above criteria amounted to a loss of €36 million, of which €20 million is attributable to owners of the parent in 2024 (€10 million and €6 million attributable to owners of the parent in 2023 and 2022, respectively). This impact includes mainly the loss of the net monetary position, which amounts to a gross amount of €42 million and is recorded in the line “Other operating expense” in the consolidated income statement in 2024 (€28 million in each of 2023 and 2022). During 2024, 2023 and 2022 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, 2024
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, 2025
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, 2024, 2023 and 2022, broken down by the Group’s entities according to their activity: Contribution to Consolidated Group total assets. Entities by main activities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Banking and other financial services 733,860 737,971 678,809 Insurance and pension fund managing companies 34,439 34,520 30,066 Other non-financial services 4,103 3,068 3,217 Total 772,402 775,558 712,092 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 4 (Tables)

Note 4 (Tables)	12 Months Ended
	Dec. 31, 2024
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, was the following: Available amount for interim dividend payments (Millions of Euros) August 31, 2024 Profit of BBVA, S.A., after the provision for income tax 6,854 Maximum amount distributable 6,854 Amount of proposed interim dividend 1,671 BBVA cash balance available to the date 33,530
Allocation of earnings [Table Text Block]	Below is included a breakdown of the distribution of the Bank´s earnings for financial year 2024, which the Board of Directors will submit to the Annual General Shareholders' Meeting for approval. Allocation of earnings (Millions of Euros) 2024 Profit (loss) of BBVA, S.A. for the year 10,235 Distribution Interim dividends 1,671 Final dividend 2,363 Reserves / Accumulated gains 6,200

Note 5 (Tables)

Note 5 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽³⁾ Numerator for basic and diluted earnings per share (millions of euros) Profit attributable to parent company 10,054 8,019 6,358 Adjustment: Additional Tier 1 securities ⁽¹⁾ (388) (345) (313) Profit adjusted (millions of euros) (A) 9,666 7,675 6,045 Profit (loss) from continued operations (net of remuneration of Additional Tier 1 capital instruments) 9,666 7,675 6,045 Profit (loss) from discontinued operations (net of non-controlling interests) (B) — — — Denominator for basic earnings per share (number of shares outstanding) Weighted average number of shares outstanding 5,793 5,988 6,424 Average treasury shares (10) (5) (9) Share buyback program ⁽²⁾ (13) (28) (225) Adjusted number of shares - Basic earnings per share (C) 5,769 5,954 6,189 Adjusted number of shares - diluted earnings per share (D) 5,769 5,954 6,189 Earnings (losses) per share 1.68 1.29 0.98 Basic earnings (losses) per share from continuing operations (Euros per share) A-B/C 1.68 1.29 0.98 Diluted earnings (losses) per share from continuing operations (Euros per share) A-B/D 1.68 1.29 0.98 Basic earnings (losses) per share from discontinued operations (Euros per share) B/C — — — Diluted earnings (losses) per share from discontinued operations (Euros per share) B/D — — — (1) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4). (2) For the calculation of earnings per share, the average number of shares in a year takes into account the redemptions made in such year related to the share buyback programs announced (see Note 4).

Note 6 (Tables)

Note 6 (Tables)	12 Months Ended
	Dec. 31, 2024
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 and the Corporate Center as of December 31, 2024, 2023 and 2022 is as follows: Total Group assets by operating segments (Millions of Euros) 2024 2023 ⁽¹⁾ 2022 ⁽¹⁾ ⁽²⁾ Spain 417,752 457,573 427,049 Mexico 168,470 173,489 142,557 Turkey 82,782 68,329 66,036 South America 73,997 64,779 61,951 Rest of Business 66,534 64,274 49,952 Subtotal assets by operating segments 809,536 828,445 747,545 Corporate Center and adjustments (37,134) (52,886) (35,453) Total assets BBVA Group 772,402 775,558 712,092 (1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “ Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts ”).
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, 2024, 2023 and 2022: 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) 2024 Net interest income 25,267 6,435 11,556 1,492 5,589 741 (546) Gross income 35,481 9,490 15,337 4,212 5,405 1,458 (421) Operating profit (loss) before tax 15,405 5,309 7,522 1,741 1,342 634 (1,142) Attributable profit (loss) 10,054 3,784 5,447 611 635 500 (924) 2023 ⁽²⁾ 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 3,897 7,329 1,324 1,189 489 (1,809) Attributable profit (loss) 8,019 2,720 5,319 527 601 396 (1,544) 2022 ⁽²⁾ ⁽³⁾ 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) Attributable profit (loss) 6,358 1,667 4,131 505 738 240 (922) (1) Adjustments include the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17). (2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group. (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts

Note 7 (Tables)

Note 7 (Tables)	12 Months Ended
	Dec. 31, 2024
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 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, 2024: 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 2024 3.13 % 10.97 % 3.01 % 1.25 % 2.75 % 4.57 % 3.25 % 8.79 % 2025 3.48 % 8.78 % 5.55 % 2.48 % 3.04 % 4.85 % 5.97 % 9.89 % 2026 5.02 % 8.17 % 6.98 % 3.87 % 3.03 % 4.38 % 8.35 % 9.27 % 2027 6.65 % 7.64 % 7.96 % 3.54 % 2.89 % 4.82 % 6.76 % 8.80 % 2028 7.05 % 7.21 % 7.69 % 3.58 % 2.77 % 5.12 % 5.88 % 8.81 % 2029 6.70 % 6.96 % 6.81 % 3.52 % 2.73 % 5.46 % 5.51 % 8.96 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 3.12 % 6.59 % (3.66) % 10.37 % 2.16 % 10.20 % 2025 3.45 % 6.55 % 7.37 % 8.67 % 4.09 % 10.07 % 2026 4.15 % 6.44 % 8.83 % 7.13 % 4.68 % 9.72 % 2027 4.12 % 6.31 % 8.54 % 5.92 % 4.23 % 9.11 % 2028 3.70 % 6.20 % 8.60 % 5.05 % 4.21 % 8.55 % 2029 3.57 % 6.12 % 8.44 % 4.50 % 4.22 % 7.95 % The estimate for the next five years of the following rates, used in the measurement of the expected loss as of December 31, 2023, 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 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 %
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 2024 3.09 % 11.43 % 2.99 % 1.24 % 2.75 % 4.57 % 3.18 % 8.80 % 2025 2.29 % 10.75 % 4.32 % 0.99 % 3.13 % 4.85 % 2.48 % 10.46 % 2026 1.69 % 10.35 % 2.99 % 1.64 % 3.25 % 4.21 % 4.52 % 10.73 % 2027 1.86 % 9.95 % 2.24 % 1.70 % 3.17 % 4.23 % 4.18 % 10.58 % 2028 1.80 % 9.55 % 1.61 % 1.87 % 3.08 % 4.36 % 4.11 % 10.52 % 2029 1.80 % 9.25 % 1.41 % 1.87 % 3.04 % 4.55 % 4.01 % 10.51 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 3.10 % 6.59 % (3.76) % 10.38 % 1.96 % 10.20 % 2025 2.67 % 6.59 % 5.48 % 8.80 % 2.49 % 10.34 % 2026 2.70 % 6.57 % 4.47 % 7.55 % 3.19 % 10.26 % 2027 2.75 % 6.52 % 3.48 % 6.58 % 2.92 % 9.81 % 2028 2.45 % 6.47 % 3.54 % 5.85 % 2.96 % 9.36 % 2029 2.41 % 6.42 % 3.48 % 5.35 % 2.99 % 8.86 % 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 %
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 2024 3.05 % 11.88 % 2.97 % 1.20 % 2.75 % 4.56 % 3.13 % 8.80 % 2025 1.18 % 12.71 % 3.15 % (0.16) % 3.20 % 4.86 % 0.41 % 10.79 % 2026 (1.30) % 12.50 % (0.53) % (0.20) % 3.43 % 4.07 % 1.59 % 11.71 % 2027 (2.50) % 12.24 % (2.81) % 0.14 % 3.41 % 3.76 % 2.37 % 11.83 % 2028 (3.11) % 11.88 % (3.87) % 0.40 % 3.34 % 3.72 % 3.21 % 11.67 % 2029 (2.86) % 11.53 % (3.55) % 0.42 % 3.32 % 3.79 % 3.18 % 11.47 % Peru Argentina Colombia Date GDP Unemployment GDP Unemployment GDP Unemployment 2024 2.92 % 6.60 % (3.93) % 10.38 % 1.77 % 10.21 % 2025 0.56 % 6.73 % 2.46 % 9.02 % 0.30 % 10.68 % 2026 0.43 % 6.85 % (0.60) % 8.10 % 0.93 % 11.04 % 2027 0.63 % 6.90 % (1.79) % 7.35 % 1.16 % 10.81 % 2028 0.46 % 6.93 % (1.53) % 6.73 % 1.36 % 10.49 % 2029 0.51 % 6.95 % (1.41) % 6.25 % 1.44 % 10.09 % 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 %
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, 2024 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 153 135 17 1 28 8 20 74 2 72 32 5 27 +100 bps (170) (145) (20) (1) (26) (8) (18) (92) (3) (89) (33) (9) (21) Housing price - 100 bps 28 +100 bps (27) 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)
Maximum credit risk exposure [Table Text Block]	BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of December 31, 2024, 2023 and 2022 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 2024 Stage 1 Stage 2 Stage 3 Financial assets held for trading 72,945 Equity instruments 10 6,760 Debt securities 10 27,955 Loans and advances 10 38,230 Non-trading financial assets mandatorily at fair value through profit or loss 10,546 Equity instruments 11 9,782 Debt securities 11 407 Loans and advances 11 358 Financial assets designated at fair value through profit or loss 12 836 Derivatives (trading and hedging) 53,229 Financial assets at fair value through other comprehensive income 59,115 Equity instruments 13 1,451 Debt securities 57,639 55,315 2,309 16 Loans and advances to credit institutions 13 25 25 — — Financial assets at amortized cost 514,086 467,910 31,930 14,246 Debt securities 59,070 58,887 149 34 Loans and advances to central banks 8,261 8,261 — — Loans and advances to credit institutions 22,668 22,658 8 2 Loans and advances to customers 424,087 378,104 31,772 14,211 Total financial assets risk 710,757 Total loan commitments and financial guarantees 262,233 253,291 8,150 791 Loan commitments given 33 188,515 182,830 5,524 160 Financial guarantees given 33 22,503 21,513 798 192 Other commitments given 33 51,215 48,948 1,828 439 Total maximum credit exposure 972,990 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 2022 ⁽¹⁾ 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 Note 1.3).
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, 2024, 2023 and 2022 is shown below: December 2024 (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) 232,185 208,969 15,637 7,579 (4,684) (543) (631) (3,510) 227,501 208,426 15,006 4,069 Mexico 91,717 83,053 6,147 2,517 (3,055) (1,210) (542) (1,303) 88,662 81,843 5,605 1,214 Turkey (2) 50,083 42,708 5,534 1,841 (1,784) (243) (390) (1,151) 48,299 42,465 5,144 690 South America (3) 48,897 42,204 4,431 2,262 (2,079) (393) (283) (1,403) 46,818 41,811 4,148 860 Others 1,205 1,170 23 12 (9) — (1) (7) 1,197 1,170 22 4 Total (4) 424,087 378,104 31,772 14,211 (11,611) (2,389) (1,847) (7,374) 412,477 375,715 29,925 6,837 Of which: individual (1,532) (13) (321) (1,197) Of which: collective (10,079) (2,376) (1,526) (6,177) (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, 2024, the remaining balance was €107 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the relevant instruments or value corrections are made when the losses materialize. 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 relevant instruments or value corrections are made 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 Note 1.3). (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.
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, 2024, 2023 and 2022 is shown below: December 2024 (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 22,133 21,982 125 26 (23) (8) (7) (8) 22,111 21,974 118 18 Other financial corporations 17,524 17,040 471 12 (26) (13) (5) (9) 17,497 17,027 467 4 Non-financial corporations 197,521 179,727 12,780 5,014 (4,134) (639) (636) (2,859) 193,386 179,087 12,143 2,156 Households 186,910 159,355 18,396 9,158 (7,427) (1,729) (1,199) (4,499) 179,483 157,627 17,197 4,659 Loans and advances to customers 424,087 378,104 31,772 14,211 (11,611) (2,389) (1,847) (7,374) 412,477 375,715 29,925 6,837 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 Note 1.3).
Loans and advances breakdown by counterparty and product [Table Text Block]	The breakdown by type of counterparty and product, net of loss allowances, and the gross carrying amount by type of counterparty as of December 31, 2024, 2023 and 2022 is shown below: December 2024 (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 — 8 — 59 3,140 2,099 5,307 5,521 Credit card debt — 1 — 3 2,268 25,449 27,721 29,669 Commercial debtors 1,077 71 1,244 29,247 125 31,764 32,023 Finance leases — 171 — 11 9,672 270 10,125 10,364 Reverse repurchase loans — 219 9,157 44 — — 9,420 9,422 Other term loans 7,803 20,519 7,529 11,771 148,167 151,313 347,102 356,002 Advances that are not loans 452 117 5,960 4,365 1,084 353 12,330 12,397 LOANS AND ADVANCES 8,255 22,111 22,719 17,497 193,579 179,610 443,769 455,399 By secured loans Of which: mortgage loans collateralized by immovable property 245 — 680 29,307 97,627 127,860 130,633 Of which: other collateralized loans — 6,059 9,628 530 10,996 2,648 29,861 30,129 By purpose of the loan Of which: credit for consumption 67,446 67,446 72,447 Of which: lending for house purchase 98,570 98,570 100,218 By subordination Of which: project finance loans 6,669 6,669 6,901 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 Note 1.3).
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 7.2.5), shown by type of collateral, as of December 31, 2024, 2023 and 2022, 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 2024 14,213 2,889 573 8 91 1,153 December 2023 14,446 3,167 771 5 91 1,226 December 2022 13,493 2,537 849 3 52 984
Guarantees Received [Table Text Block]	The value of guarantees received as of December 31, 2024, 2023 and 2022, is the following: Guarantees received (Millions of Euros) 2024 2023 2022 Value of collateral 144,844 136,141 125,963 Of which: guarantees normal risks under special monitoring 11,318 14,274 12,826 Of which: guarantees non-performing risks 3,562 4,035 3,440 Value of other guarantees 56,589 53,462 40,050 Of which: guarantees normal risks under special monitoring 4,273 4,864 4,963 Of which: guarantees non-performing risks 1,153 1,226 984 Total value of guarantees received 201,433 189,602 166,013
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, 2024, 2023 and 2022: Probability of default (basis points) and internal rating 2024 2023 2022 ⁽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 3.2 — 3.8 — 5.5 0.1 AA+ to AA- 2 to 5 9.0 — 10.7 0.2 19.4 0.3 A+ to A- 5 to 11 17.1 — 25.4 0.5 19.9 0.7 BBB+ to BBB- 11 to 39 29.7 0.6 21.7 1.3 18.7 0.8 BB+ to BB- 39 to 194 23.5 1.7 20.6 2.1 18.4 1.9 B+ to B- 194 to 1,061 10.2 1.6 8.7 2.2 9.0 2.5 CCC+ to CCC- 1,061 to 2,121 1.2 0.5 1.0 0.6 1.0 0.7 CC+ to C > 2,121 0.7 0.9 0.5 0.8 0.5 0.8 Total 94.5 5.5 92.4 7.6 92.3 7.7 (1) Data corresponding to the year 2022, 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 type of counterparty, including their respective gross carrying amount, impaired amount and accumulated impairment as of December 31, 2024, 2023 and 2022 is as follows: December 2024 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Central banks 8,261 — (6) General governments 22,133 26 (23) Credit institutions 22,668 2 (13) Other financial corporations 17,524 12 (26) Non-financial corporations 197,521 5,014 (4,134) Households 186,910 9,158 (7,427) LOANS AND ADVANCES 455,016 14,213 (11,630) December 2023 (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Central banks 7,176 — (25) General governments 23,294 25 (29) Credit institutions 17,498 2 (21) Other financial corporations 13,271 12 (20) Non-financial corporations 175,337 5,520 (4,274) Households 177,009 8,886 (6,946) LOANS AND ADVANCES 413,585 14,446 (11,316) December 2022 ⁽¹⁾ (Millions of Euros) Gross carrying amount Impaired loans and advances Accumulated impairment Central banks 4,420 — (19) General governments 20,922 38 (30) Credit institutions 16,066 — (35) Other financial corporations 12,802 17 (37) Non-financial corporations 170,929 6,340 (5,495) Households 163,936 7,098 (5,675) LOANS AND ADVANCES 389,073 13,493 (11,291) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Changes in impaired financial assets and guarantees given [Table Text Block]	The changes during the years 2024, 2023 and 2022 of impaired financial assets and guarantees given are as follows: Changes in impaired financial assets and guarantees given (Millions of Euros) 2024 2023 2022 Balance at the beginning 15,362 14,521 15,467 Additions 12,255 11,066 8,084 Decreases (1) (7,346) (5,795) (5,742) Net additions 4,909 5,272 2,342 Amounts written-off (4,559) (3,770) (2,771) Exchange differences and other (820) (660) (517) Balance at the end 14,891 15,362 14,521 (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 2024, 2023 and 2022 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 2024 2023 2022 Balance at the beginning 24,787 22,595 21,990 Companies held for sale — — — Increase 3,547 3,841 2,871 Decrease: (2,801) (2,035) (2,431) Re-financing or restructuring (1) (1) (2) Cash recovery 47 (403) (369) (390) Foreclosed assets (1) (3) (25) Sales (1) (1,719) (1,201) (1,498) Debt forgiveness (669) (410) (368) Time-barred debt and other causes (8) (51) (147) Net exchange differences (189) 385 165 Balance at the end 25,343 24,787 22,595 (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 2024, 2023 and 2022 are recorded on the consolidated balance sheet as of December 31, 2024, 2023 and 2022 in order to cover the estimated impairment or reversal of impairment on loans and advances at amortized cost: Changes in gross carrying amount of loans and advances at amortized cost. Year 2024 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning 361,186 37,953 14,446 413,585 Transfers of financial assets: (4,032) 1,625 2,407 — from stage 1 to stage 2 (11,840) 11,840 — — from stage 2 to stage 1 9,830 (9,830) — — to stage 3 (3,260) (1,949) 5,208 — from stage 3 1,238 1,564 (2,801) — Net annual origination of financial assets 64,222 (6,378) 1,108 58,952 Becoming write-offs (333) (112) (3,149) (3,594) Foreign exchange (13,508) (1,137) (557) (15,203) Modifications that do not result in derecognition 29 78 36 144 Other 1,460 (250) (78) 1,131 Balance at the end 409,023 31,780 14,213 455,016 Changes in gross carrying amount 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 — from stage 1 to stage 2 (18,172) 18,172 — — from stage 2 to stage 1 7,639 (7,639) — — to stage 3 (3,203) (2,297) 5,500 — 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 carrying amount 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 — from stage 1 to stage 2 (12,726) 12,726 — — from stage 2 to stage 1 8,537 (8,537) — — to stage 3 (1,941) (1,831) 3,773 — 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 Note 1.3).
Changes in allowances of loans and advances at amortized cost [Table Text Block]	Changes in allowances of loans and advances at amortized cost. Year 2024 (Millions of Euros) Stage 1 Stage 2 Stage 3 Total Balance at the beginning (2,131) (2,026) (7,158) (11,316) Transfers of financial assets: 105 (370) (2,766) (3,031) from stage 1 to stage 2 103 (697) — (594) from stage 2 to stage 1 (53) 327 — 275 to stage 3 93 146 (3,498) (3,259) from stage 3 (38) (146) 732 548 Net annual origination of allowances (1,059) 10 (1,125) (2,174) Becoming write-offs 321 107 2,909 3,337 Foreign exchange 325 213 1,075 1,613 Modifications that do not result in derecognition 3 35 (342) (304) Other 30 183 33 246 Balance at the end (2,406) (1,848) (7,375) (11,630) 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) from stage 1 to stage 2 118 (681) — (563) from stage 2 to stage 1 (113) 323 — 210 to stage 3 81 120 (2,935) (2,734) 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) from stage 1 to stage 2 110 (397) — (287) from stage 2 to stage 1 (91) 374 — 283 to stage 3 51 204 (1,917) (1,662) 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)
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 2024: Sensitivity to interest-rate and credit spread analysis. Year 2024 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%] [-2.5% , -1.5%] [0.5% , 1.5%] [-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% , 2.5%] [-3.5% , -2.5%] [-3.5% , -2.5%] [2.5% , 3.5%] [-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 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 one percent of the average rate in the main currencies [Table Text Block]	For the years 2024, 2023 and 2022, 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 2024 2023 2022 Mexican peso 27.8 25.8 19.1 Turkish lira 3.3 4.4 3.5 Peruvian sol 1.4 0.9 0.7 Chilean peso 0.2 0.2 0.4 Colombian peso 0.4 1.0 0.9 Argentine peso 1.8 1.3 1.9
VaR by Risk factor [Table Text Block]	As of December 31, 2024, 2023 and 2022 the VaR was €34 million, €36 million and €29 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 2024 VaR average in the year 41 7 2 6 (20) 37 VaR max in the year 55 10 2 7 (23) 50 VaR min in the year 33 7 2 6 (19) 28 End of period VaR 37 5 2 4 (14) 34 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 (1) The maximum and minimum VaR figures show the VaR figures for the day on which said maximum and minimum VaRs occurred in the relevant year, by type of risk. (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, 2024 is as follows: Impact of the stress test (Millions of Euros) 0 Europe Mexico Peru Venezuela Argentina Colombia Turkey Expected shortfall (132) (66) (25) — (29) (3) (10)
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, 2024, 2023 and 2022: Effect of offsetting for derivatives and securities operation (Millions of Euros) Gross amounts not offset in the consolidated balance sheets 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 ⁽¹⁾ December 2024 Trading and hedging derivatives 10 / 15 45,523 8,362 37,161 27,446 9,566 148 Reverse repurchase, securities borrowing and similar agreements 65,401 19,397 46,005 45,959 — 46 Total assets 110,924 27,759 83,165 73,405 9,566 194 Trading and hedging derivatives 10 / 15 43,924 8,362 35,562 27,446 7,658 458 Repurchase, securities lending and similar agreements 87,893 19,397 68,497 68,497 — — Total liabilities 131,818 27,759 104,059 95,943 7,658 458 December 2023 Trading and hedging derivatives 10 / 15 44,641 8,866 35,775 25,171 9,532 1,072 Reverse repurchase, securities borrowing and similar agreements 80,227 — 80,227 79,980 — 248 Total assets 124,869 8,866 116,003 105,151 9,532 1,320 Trading and hedging derivatives 10 / 15 44,536 8,866 35,670 27,354 7,013 1,303 Repurchase, securities lending and similar agreements 104,920 — 104,920 104,920 — — Total liabilities 149,456 8,866 140,590 132,274 7,013 1,303 December 2022 Trading and hedging derivatives 10 / 15 52,354 10,554 41,800 31,019 9,824 957 Reverse repurchase, securities borrowing and similar agreements 47,111 — 47,111 47,069 — 41 Total assets 99,465 10,554 88,911 78,088 9,824 998 Trading and hedging derivatives 10 / 15 51,767 10,554 41,213 31,028 8,990 1,195 Repurchase, securities lending and similar agreements 54,382 — 54,382 52,701 586 1,095 Total liabilities 106,149 10,554 95,594 83,729 9,576 2,290 (1) It corresponds to the aggregation of the net amounts presented in the balance sheet, less the gross amount which is not offset in the balance sheet, corresponding to each Group entity that records a deficit in this regard.
LtSCD by LMU [Table Text Block]	The performance of the indicators show that the funding structure remained steady during 2024, 2023 and 2022, in the sense that all LMU held self-funding levels with stable customer resources above the requirements. LtSCD by LMU 2024 2023 2022 Group (average) 102 % 99 % 96 % BBVA, S.A. 101 % 100 % 98 % BBVA Mexico 115 % 102 % 98 % Garanti BBVA 90 % 78 % 83 % Other LMU 99 % 104 % 96 %
LCR main LMU [Table Text Block]	LCR main LMU 2024 2023 2022 Group 134 % 149 % 159 % BBVA, S.A. 156 % 178 % 186 % BBVA Mexico 146 % 192 % 199 % Garanti BBVA 141 % 212 % 185 %
Liquidity available by instrument [Table Text Block]	The table below shows the liquidity available by instrument as of December 31, 2024, 2023 and 2022 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Cash and withdrawable central bank reserves 16,004 43,931 48,271 12,001 9,712 12,865 10,344 9,899 6,731 8,101 5,921 5,265 Level 1 tradable assets 50,199 31,606 33,081 8,783 20,345 13,974 6,402 6,117 9,165 8,749 8,429 7,836 Level 2A tradable assets 194 919 3,450 327 246 47 — — — — — — Level 2B tradable assets 3,762 2,916 3,471 159 132 35 — — — 31 — 1 Other tradable assets 46,537 44,324 22,708 598 469 467 816 398 285 926 753 1,035 Non tradable assets eligible for central banks 11 — — — — — — — — — — — Cumulated counterbalancing capacity 116,706 123,696 110,981 21,869 30,903 27,388 17,562 16,414 16,181 17,806 15,102 14,136
NSFR main LMU [Table Text Block]	The NSFR of BBVA Group and its main LMU as of December 31, 2024, 2023 and 2022, was the following: NSFR main LMU 2024 2023 2022 Group 127 % 131 % 135 % BBVA, S.A. 119 % 120 % 125 % BBVA Mexico 131 % 140 % 143 % Garanti BBVA 149 % 178 % 166 %
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, 2024, 2023 and 2022: December 2024. 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 11,125 38,087 — — — — — — — — 49,212 Deposits in credit entities — 5,246 541 1,165 647 918 861 351 33 41 9,805 Deposits in other financial institutions — 2,677 1,642 970 929 1,130 1,577 1,526 1,369 681 12,502 Reverse repo, securities borrowing and margin lending — 34,310 10,594 5,025 1,911 3,138 5,782 3,675 3,008 122 67,565 Loans and advances — 34,605 38,547 29,770 16,928 19,715 44,537 34,618 51,469 105,649 375,837 Securities' portfolio settlement — 2,861 2,741 6,084 2,531 5,922 20,625 20,053 21,972 44,850 127,640 December 2024. 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 — 2,484 4,816 5,536 3,347 3,685 8,517 11,386 7,530 28,306 75,608 Deposits from financial institutions 2,600 6,070 476 644 130 732 558 242 570 743 12,765 Deposits from other financial institutions and international agencies 6,950 9,247 2,466 1,584 922 503 1,256 477 433 742 24,581 Customer deposits 318,252 50,789 23,758 11,580 3,888 4,329 2,055 569 834 787 416,841 Security pledge funding — 74,614 14,093 5,452 2,355 4,157 2,223 366 1,454 445 105,159 Derivatives, net — (388) (73) (142) 70 142 549 (122) 5 (87) (46) 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)
Wholesale financing transactions carried out by group entities [Table Text Block]	Issuer Type of issue Date of issue Nominal (millions) Currency Coupon Early redemption Maturity date BBVA, S.A. Senior preferred Jan-24 1,250 EUR 3.875% — Jan-34 Tier 2 Feb-24 1,250 EUR 4.875% Nov-30 to Feb-31 Feb-36 Senior preferred Mar-24 1,000 USD 5.381% — Mar-29 Senior non-preferred Mar-24 1,000 USD 6.033% Mar-34 Mar-35 Senior preferred (green bond) Mar-24 1,000 EUR 3.500% — Mar-31 Senior preferred Jun-24 1,000 EUR 3 month Euribor rate + 45 basis points — Jun-27 Senior preferred Jun-24 750 EUR 3.625% — Jun-30 AT1 (CoCo) Jun-24 750 EUR 6.875% Dec-30 to Jun-31 Perpetual Tier 2 Aug-24 1,000 EUR 4.375% May-31 to Aug-31 Aug-36
Encumbered and unencumbered asstes [Table Text Block]	As of December 31, 2024, 2023 and 2022, 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Assets 68,268 78,586 92,916 704,134 696,972 619,177 Equity instruments 834 592 819 834 592 819 17,159 13,176 11,293 17,159 13,176 11,293 Debt securities 43,404 51,458 33,533 45,639 50,818 32,291 102,333 88,976 92,665 102,333 88,976 92,665 Loans and advances and other assets 24,030 26,535 58,563 584,641 594,821 515,218
Collateral pledges received [Table Text Block]	As of December 31, 2024, 2023 and 2022, 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 Collateral received 40,877 73,836 40,701 14,917 14,825 9,415 1,151 996 1,279 Equity instruments 215 1,019 323 162 51 759 — — — Debt securities 40,663 72,817 40,378 14,754 14,774 8,656 1,151 996 1,279 Loans and advances and other assets — — — — — — — — — Own debt securities issued other than own covered bonds or ABSs — — — 66 74 92 — — —
Sources of encumbrance [Table Text Block]	As of December 31, 2024, 2023 and 2022, 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 2024 2023 2022 2024 2023 2022 Book value of financial liabilities 109,833 151,766 122,400 107,067 149,853 128,628 Derivatives 17,047 15,895 15,950 14,698 13,756 16,699 Deposits 84,604 126,777 95,728 81,938 126,543 99,077 Outstanding subordinated debt 8,182 9,094 10,722 10,431 9,554 12,852 Other sources 1,141 1,066 731 2,079 2,568 4,989

Note 8 (Tables)

Note 8 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022: Fair value of financial instruments recognized at fair value by levels. December 2024 (Millions of Euros) Notes Book value Fair value Level 1 Level 2 Level 3 ASSETS Financial assets held for trading 10 108,948 26,332 80,323 2,292 Derivatives 36,003 969 34,591 443 Equity instruments 6,760 6,602 76 83 Debt securities 27,955 18,762 8,438 756 Loans and advances 38,230 — 37,218 1,011 Non-trading financial assets mandatorily at fair value through profit or loss 11 10,546 8,511 617 1,418 Equity instruments 9,782 8,309 107 1,365 Debt securities 407 202 173 31 Loans and advances 358 — 336 21 Financial assets designated at fair value through profit or loss 12 836 774 62 — Debt securities 836 774 62 — Financial assets at fair value through other comprehensive income 13 59,002 50,354 7,515 1,133 Equity instruments 1,451 1,157 79 216 Debt securities 57,526 49,173 7,436 917 Loans and advances to credit institutions 25 25 — — Derivatives – Hedge accounting 15 1,158 — 1,158 — LIABILITIES Financial liabilities held for trading 10 86,591 14,308 71,072 1,211 Trading derivatives 33,059 1,118 31,400 541 Short positions 13,878 13,189 673 15 Deposits 39,654 — 38,999 656 Financial liabilities designated at fair value through profit or loss 12 14,952 — 12,865 2,087 Deposits from credit institutions — — — — Customer deposits 934 — 934 — Debt certificates issued 4,597 — 2,511 2,087 Other financial liabilities 9,420 — 9,420 — Derivatives – Hedge accounting 15 2,503 — 2,480 23 Fair value of financial instruments recognized at fair value 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 recognized at fair value 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 Note 1.3).
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 recognized 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, 2024, 2023 and 2022. 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
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, 2024, 2023 and 2022. Unobservable inputs. December 2024 Financial instrument Valuation technique(s) Significant unobservable inputs Min Average Max Units Debt Securities Present value method Credit spread — 113 3,907 bp Recovery rate 0 % 39 % 40 % % Comparable Pricing 0 % 95 % 233 % % Equity/Fund instruments (1) Net Asset Value Comparable Pricing Loans and advances Present value method Repo funding curve 2.09 % 3.70 % 7.11 % % Credit Derivatives Gaussian Copula Correlation default 19 % 59 % 92 % % Black 76 Price volatility — — — Vegas Equity Derivatives Option models on equities, baskets of equity, funds Dividends (2) Correlations (88 %) 48 % 99 % % Volatility 5.07 30.90 122.35 Vegas FX Derivatives Option models on FX underlyings Volatility 3.93 9.46 14.91 Vegas IR Derivatives Option models on IR underlyings Beta 3.00 % 5 % 11 % % Correlation rate/credit (100 %) 100% % Correlation rate/inflation 42 % 74 % 95 % % (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 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 % % 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 % % 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.
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) 2024 2023 2022 ⁽¹⁾ Assets Liabilities Assets Liabilities Assets Liabilities Balance at the beginning 4,264 3,467 3,931 2,743 5,301 2,054 Changes in fair value recognized in profit and loss ⁽²⁾ 490 144 (7) 113 289 (131) Changes in fair value not recognized in profit and loss 29 — 21 (1) (62) 14 Acquisitions, disposals and liquidations 397 (59) 27 374 (783) 782 Net transfers to level 3 (330) (165) 289 204 (750) 74 Exchange differences and others (6) (67) 3 34 (64) (50) Balance at the end 4,843 3,321 4,264 3,467 3,931 2,743 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2024, 2023 and 2022. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”.
Transfer between levels [Table Text Block]	The financial instruments transferred among the different levels of measurement for the years ended December 31, 2024, 2023 and 2022 are at the following amounts in the consolidated balance sheets as of December 31, 2024, 2023 and 2022: Transfers among levels. December 2024 (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 115 — 1,238 78 16 199 Non-trading financial assets mandatorily at fair value through profit or loss 68 14 1 — 35 18 Financial assets designated at fair value through profit or loss — — 1 — — — Financial assets at fair value through other comprehensive income 1,425 17 1,348 12 13 170 Derivatives – Hedge accounting — — — — — — Total 1,608 31 2,586 90 64 387 LIABILITIES Financial liabilities held for trading 107 — 461 45 11 380 Financial liabilities designated at fair value through profit or loss — — — 301 — 121 Derivatives – Hedge accounting — — — — — — Total 107 — 461 346 11 501 Transfer among levels (Millions of Euros) 2023 2022 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 887 34 89 666 — 497 683 1 1,909 340 24 911 Non-trading financial assets mandatorily at fair value through profit or loss 1 135 — 70 — — — — 243 — 53 2 Financial assets designated at fair value through profit or loss — — — — — — — — 123 — — — Financial assets at fair value through other comprehensive income 1,191 21 1,296 205 103 243 1,723 — 715 — 18 83 Derivatives – Hedge accounting — — — — — — — — — — — — Total 2,079 190 1,385 941 103 740 2,407 1 2,990 340 95 996 LIABILITIES Financial liabilities held for trading 596 3 36 177 1 372 524 — 239 141 — 258 Financial liabilities designated at fair value through profit or loss — — — 660 — 262 — — — 221 — 55 Derivatives – Hedge accounting — — — — — — — — — 25 — — Total 596 3 36 837 1 635 524 — 239 387 — 313
Financial instruments level 3 sensitivity analysis [Table Text Block]	As of December 31, 2024, 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 2024 2023 2024 2023 2024 2023 2024 2023 ASSETS Financial assets held for trading 48 21 (89) (117) — — — — Loans and advances 4 2 (4) (2) — — — — Debt securities 37 9 (61) (22) — — — — Equity instruments — — (17) (83) — — — — Derivatives 6 9 (6) (9) — — — — Non-trading financial assets mandatorily at fair value through profit or loss 9 5 (85) (114) — — — — Loans and advances — — — — — — — — Debt securities 3 3 (7) (21) — — — — Equity instruments 6 2 (78) (92) — — — — Financial assets designated at fair value through profit or loss — — — — — — — — Financial assets at fair value through other comprehensive income — — — — 48 34 (90) (89) Total 57 26 (173) (230) 48 34 (90) (89) LIABILITIES Financial liabilities held for trading 12 13 (13) (18) — — — — Total 12 13 (13) (18) — — — —
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, 2024, 2023 and 2022: Fair value of financial instruments recognized at amortized cost by levels. December 2024 (Millions of Euros) Notes Book value Fair value Carrying amount presented as fair value ⁽¹⁾ Level 1 Level 2 Level 3 Total ASSETS Cash, cash balances at central banks and other demand deposits 9 51,145 51,145 — — — 51,145 Financial assets at amortized cost 14 502,400 32,615 50,771 24,157 394,496 502,039 Debt securities 59,014 — 50,771 6,589 921 58,281 Loans and advances 443,386 32,615 — 17,568 393,575 443,759 LIABILITIES Financial liabilities at amortized cost 22 584,339 378,530 47,323 58,016 101,025 584,894 Deposits 496,720 360,777 — 37,647 98,038 496,461 Debt certificates issued 69,867 — 47,323 20,369 2,986 70,679 Other financial liabilities 17,753 17,753 — — — 17,753 (1) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments. Fair value of financial instruments recognized at amortized cost by levels. December 2023 (Millions of Euros) Notes Book value Fair value Carrying amount presented as fair value ⁽¹⁾ Level 1 Level 2 Level 3 Total ASSETS Cash, cash balances at central banks and other demand deposits 9 75,416 75,416 — — — 75,416 Financial assets at amortized cost 14 451,732 34,826 41,950 10,533 359,062 446,371 Debt securities 49,462 — 41,950 6,244 759 48,952 Loans and advances 402,270 34,826 — 4,290 358,303 397,418 LIABILITIES Financial liabilities at amortized cost 22 557,589 358,657 42,742 86,390 68,127 555,915 Deposits 473,835 343,611 1,269 62,049 64,601 471,530 Debt certificates issued 68,707 — 41,472 24,341 3,526 69,339 Other financial liabilities 15,046 15,046 — — — 15,046 (1) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments. Fair value of financial instruments recognized at amortized cost by levels. December 2022 ⁽¹⁾ (Millions of Euros) Notes Book value Fair value Carrying amount presented as fair value ⁽²⁾ Level 1 Level 2 Level 3 Total ASSETS Cash, cash balances at central banks and other demand deposits 9 79,756 79,756 — — — 79,756 Financial assets at amortized cost 14 414,421 33,953 26,239 10,580 342,194 412,965 Debt securities 36,639 — 26,239 9,313 759 36,311 Loans and advances 377,782 33,953 — 1,267 341,435 376,655 LIABILITIES Financial liabilities at amortized cost 22 529,172 380,520 40,752 43,205 61,118 525,595 Deposits 459,662 369,387 2,810 35,965 49,731 457,894 Debt certificates issued 55,429 — 37,942 7,240 8,368 53,550 Other financial liabilities 14,081 11,132 — — 3,019 14,151 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments.

Note 9 (Tables)

Note 9 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Cash on hand 8,636 7,751 6,533 Cash balances at central banks ⁽¹⁾ 35,306 60,750 67,314 Other demand deposits 7,202 6,916 5,909 Total 8.2 51,145 75,416 79,756 (1) The variation is mainly due to the evolution of the balances held in the Bank of Spain.

Note 10 (Tables)

Note 10 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ASSETS Derivatives 36,003 34,293 39,908 Equity instruments 7.2.2 6,760 4,589 4,404 Credit institutions 393 277 317 Other sectors 6,367 4,312 4,086 Debt securities 7.2.2 27,955 28,569 24,367 Issued by central banks 768 740 821 Issued by public administrations 23,671 24,766 20,703 Issued by financial institutions 1,665 1,824 1,365 Other debt securities 1,852 1,239 1,477 Loans and advances 7.2.2 38,230 73,590 41,993 Loans and advances to central banks 556 2,809 1,632 Reverse repurchase agreement 556 2,809 1,632 Loans and advances to credit institutions 20,938 56,599 25,231 Reverse repurchase agreement (1) 20,918 56,569 25,201 Loans and advances to customers 16,736 14,182 15,130 Reverse repurchase agreement 15,108 13,615 14,832 Total assets 8.1 108,948 141,042 110,671 LIABILITIES Derivatives 33,059 33,045 37,909 Short positions 13,878 15,735 13,487 Deposits 39,654 72,935 44,215 Deposits from central banks 3,360 6,397 3,950 Repurchase agreement 3,360 6,397 3,950 Deposits from credit institutions 16,285 43,337 28,924 Repurchase agreement (1) 15,994 42,676 28,573 Customer deposits 20,010 23,201 11,341 Repurchase agreement 19,913 23,157 11,302 Total liabilities 8.1 86,591 121,715 95,611 (1) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. partially offset by the evolution of "Repurchase agreement" principally 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 financial 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) 2024 2023 2022 Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Assets Liabilities Notional amount - Total Interest rate 11,588 9,627 4,951,022 15,251 13,171 4,741,629 19,563 18,220 4,286,531 OTC 11,579 9,622 4,930,657 15,248 13,167 4,722,314 19,558 18,215 4,278,249 Organized market 10 4 20,365 3 4 19,315 5 5 8,282 Equity instruments 2,944 4,303 75,045 2,587 3,723 70,804 3,067 3,770 76,749 OTC 682 2,347 38,612 1,212 2,551 49,038 1,810 2,127 52,739 Organized market 2,261 1,956 36,433 1,375 1,172 21,767 1,257 1,643 24,010 Foreign exchange and gold 21,060 18,704 825,158 15,911 15,608 632,780 16,971 15,528 589,705 OTC 21,056 18,698 810,770 15,889 15,590 623,203 16,954 15,505 580,850 Organized market 4 7 14,388 22 18 9,577 17 23 8,855 Credit 386 375 42,799 543 542 31,478 299 383 43,450 Credit default swap 349 369 40,847 540 528 29,844 293 282 41,760 Credit spread option — — — — — — — — — Total return swap 37 — 1,952 3 14 1,475 7 101 1,665 Other — 6 — — — 159 — — 25 Commodities 25 50 1,939 1 1 169 9 8 60 DERIVATIVES 36,003 33,059 5,895,964 34,293 33,045 5,476,860 39,908 37,909 4,996,495 Of which: OTC - credit institutions 26,039 23,135 1,742,720 23,998 23,977 1,463,433 28,385 26,454 1,205,895 Of which: OTC - other financial corporations 3,383 4,212 3,914,640 5,042 4,412 3,815,162 5,745 4,493 3,587,546 Of which: OTC - other 4,306 3,744 166,402 3,854 3,461 147,310 4,501 5,290 161,882

Note 11 (Tables)

Note 11 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Equity instruments 7.2.2 9,782 7,963 6,511 Debt securities 7.2.2 407 484 129 Loans and advances 7.2.2 358 290 247 Total 8.1 10,546 8,737 6,888

Note 12 (Tables)

Note 12 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ASSETS Debt securities 7.2.2 / 8.1 836 955 913 LIABILITIES Customer deposits 934 717 700 Debt certificates issued 4,597 3,977 3,288 Other financial liabilities: Unit-link products 9,420 8,605 6,592 Total liabilities 8.1 14,952 13,299 10,580

Note 13 (Tables)

Note 13 (Tables)	12 Months Ended
	Dec. 31, 2024
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 of financial assets at fair value through other comprehensive income by type of financial instrument as of December 31, 2024, 2023 and 2022 is as follows: Financial assets at fair value through other comprehensive income (Millions of Euros) Notes 2024 2023 2022 Equity instruments 7.2.2 1,451 1,217 1,198 Debt securities (1) 57,526 60,963 64,150 Loans and advances to credit institutions 7.2.2 25 26 26 Total 8.1 59,002 62,205 65,374 Of which: loss allowances of debt securities (112) (84) (123)
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 balance sheets as of December 31, 2024, 2023 and 2022 is as follows: Financial assets at fair value through other comprehensive income. Equity instruments (Millions of Euros) 2024 2023 2022 Listed equity instruments Spanish companies shares 1,100 987 960 Foreign companies shares 131 111 138 Mexico 27 33 31 The United States 79 52 44 Turkey 9 6 7 Other countries 17 20 56 Subtotal listed equity instruments 1,231 1,098 1,098 Unlisted equity instruments Spanish companies shares 46 12 12 Foreign companies shares 174 106 87 Subtotal unlisted equity instruments 220 119 100 Total 1,451 1,217 1,198
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, 2024, 2023 and 2022, broken down by issuers, is as follows: Financial assets at fair value through other comprehensive income. Debt securities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Domestic debt securities Government and other government agency 10,383 13,757 17,429 Credit institutions 695 901 854 Other issuers 397 454 495 Subtotal 11,475 15,111 18,779 Foreign debt securities Mexico 20,461 21,714 16,819 Government and other government agency 19,313 20,364 15,452 Credit institutions 759 886 777 Other issuers 389 464 590 The United States 6,552 6,344 5,202 Government and other government agency 3,703 3,174 2,716 Credit institutions 41 88 93 Other issuers 2,808 3,082 2,393 Turkey 2,849 2,459 3,858 Government and other government agency 2,837 2,445 3,858 Other issuers 12 14 — Other countries 16,190 15,336 19,493 Other foreign governments and government agency 10,059 8,961 10,340 Central banks 370 508 3,094 Credit institutions 1,921 1,895 2,167 Other issuers 3,840 3,971 3,892 Subtotal 46,052 45,852 45,372 Total 57,526 60,963 64,150 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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, 2024, 2023 and 2022 are as follows: Debt securities by rating 2024 2023 2022 Fair value (Millions of Euros) % Fair value (Millions of Euros) % Fair value (Millions of euros) % AAA 1,370 2.4 % 1,000 1.6 % 3,339 5.2 % AA+ 4,170 7.2 % 3,685 6.0 % 490 0.8 % AA 261 0.5 % 384 0.6 % 420 0.7 % AA- 1,061 1.8 % 642 1.1 % 501 0.8 % A+ 905 1.6 % 1,798 3.0 % 3,866 6.0 % A 2,007 3.5 % 1,747 2.9 % 1,725 2.7 % A- 12,018 20.9 % 16,009 26.3 % 20,350 31.7 % BBB+ 19,897 34.6 % 22,854 37.5 % 17,252 26.9 % BBB 9,212 16.0 % 8,327 13.7 % 7,470 11.6 % BBB- 922 1.6 % 858 1.4 % 1,111 1.7 % BB+ or below 5,227 9.1 % 3,480 5.7 % 7,366 11.5 % Unclassified 474 0.8 % 178 0.3 % 258 0.4 % Total 57,526 100.0 % 60,963 100.0 % 64,150 100.0 %
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 2024, 2023 and 2022 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 2024 2023 2022 ⁽¹⁾ 2024 2023 2022 ⁽¹⁾ Balance at the beginning (357) (809) 1,274 (1,112) (1,194) (1,079) Valuation gains and losses (568) 659 (3,049) 228 80 (112) Amounts transferred to income 247 5 20 Amounts transferred to Reserves — 2 (2) Income tax and other 101 (211) 946 (20) (1) (1) Balance at the end 30 (576) (357) (809) (905) (1,112) (1,194) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14 (Tables)

Note 14 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Debt securities 59,014 49,462 36,639 Central banks 6 22 21 Government 54,806 45,124 34,648 Credit institutions 2,459 2,366 400 Other financial corporations 451 923 602 Non-financial corporations 1,292 1,027 967 Loans and advances to central banks 8,255 7,151 4,401 Loans and advances to credit institutions 22,655 17,477 16,031 Reverse repurchase agreement 9,157 5,786 5,251 Other loans and advances 13,497 11,690 10,780 Loans and advances to customers 7.2.2 412,477 377,643 357,351 Government 22,111 23,265 20,892 Other financial corporations 17,497 13,251 12,765 Non-financial corporations 193,386 171,063 165,433 Other 179,483 170,063 158,261 Total 8.1 502,400 451,732 414,421 Of which: impaired assets of loans and advances to customers 7.2.2 14,211 14,444 13,493 Of which: loss allowances of loans and advances 7.2.5 (11,630) (11,316) (11,291) Of which: loss allowances of debt securities (57) (82) (91) (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3).
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) 2024 2023 2022 ⁽¹⁾ Domestic debt securities Government and other government agencies 35,664 25,857 18,397 Credit institutions 1,099 1,028 — Other issuers 367 230 144 Subtotal 37,130 27,114 18,541 Foreign debt securities 21,884 Mexico 4,139 6,277 4,222 Government and other government agencies 4,076 6,205 4,198 Credit institutions 63 72 24 Other issuers — — — The United States 2,505 2,229 2,215 Government and other government agencies 2,463 2,188 2,159 Credit institutions 20 19 25 Other issuers 22 21 31 Turkey 6,764 6,284 5,332 Government and other government agencies 6,622 6,167 5,325 Credit institutions 7 8 6 Other issuers 135 109 — Other countries 8,476 7,558 6,328 Other foreign governments and other government agency 5,982 4,707 4,568 Central banks 6 22 21 Credit institutions 1,269 1,239 345 Other issuers 1,219 1,591 1,394 Subtotal 21,884 22,348 18,097 Total 59,014 49,462 36,639 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Debt securities by rating [Table Text Block]	As of December 31, 2024, 2023 and 2022, 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 2024 2023 2022 ⁽¹⁾ Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % Carrying amount (Millions of Euros) % AAA 1,907 3.2 % 1,829 3.7 % 3,068 8.4 % AA+ 3,418 5.8 % 3,096 6.3 % 217 0.6 % AA 69 0.1 % 142 0.3 % 82 0.2 % AA- 1,027 1.7 % 60 0.1 % 76 0.2 % A+ 22 — % 25 0.1 % 13 — % A 497 0.8 % 444 0.9 % 524 1.4 % A- 34,652 58.7 % 24,739 50.0 % 17,050 46.5 % BBB+ 4,518 7.7 % 6,615 13.4 % 4,710 12.9 % BBB 4,105 7.0 % 4,551 9.2 % 4,091 11.2 % BBB- 890 1.5 % 548 1.1 % 351 1.0 % BB+ or below 7,199 12.2 % 6,642 13.4 % 5,789 15.8 % Unclassified 711 1.2 % 772 1.6 % 667 1.8 % Total 59,014 100.0 % 49,462 100.0 % 36,639 100.0 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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) 2024 2023 2022 ⁽¹⁾ On demand and short notice 5,307 3,040 4,101 Credit card debt 27,720 22,889 18,898 Trade receivables 31,693 25,096 25,987 Finance leases 10,125 9,463 8,571 Reverse repurchase agreement 262 92 102 Other term loans 331,451 312,186 294,059 Advances that are not loans 5,919 4,877 5,633 Total 412,477 377,643 357,351 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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, 2024, 2023 and 2022: Loans and advances maturing in more than one year by fixed and variable rate (Millions of Euros) 2024 2023 2022 Domestic Foreign Total Domestic Foreign Total Domestic Foreign Total Fixed rate 67,284 85,473 152,757 63,060 77,381 140,441 59,394 67,874 127,269 Variable rate 62,359 65,493 127,851 66,188 61,723 127,911 69,647 53,440 123,087 Total 129,642 150,966 280,608 129,248 139,104 268,352 129,042 121,314 250,356
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) 2024 2023 2022 Securitized mortgage assets 19,537 20,406 23,290 Other securitized assets 8,702 8,493 5,495 Total 28,239 28,899 28,784

Note 15 (Tables)

Note 15 (Tables)	12 Months Ended
	Dec. 31, 2024
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 breakdown of 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) 2024 2023 2022 ASSETS Derivatives - Hedge accounting 1,158 1,482 1,891 Fair value changes of the hedged items in portfolio hedges of interest rate risk (65) (97) (148) LIABILITIES Derivatives - Hedge accounting 2,503 2,625 3,303 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 2024 2023 2022 Assets Liabilities Assets Liabilities Assets Liabilities Interest rate 257 344 422 364 656 376 OTC 257 344 422 364 656 376 Organized market — — — — — — Equity — — — — — — OTC — — — — — — Organized market — — — — — — Foreign exchange and gold 73 93 221 31 259 83 OTC 73 93 221 31 259 83 Organized market — — — — — — Credit — — — — — — Commodities — — — — — — Other — — — — — — FAIR VALUE HEDGES 330 437 644 395 915 459 Interest rate 618 1,513 490 2,048 470 2,763 OTC 615 1,513 483 2,048 454 2,763 Organized market 3 — 7 — 16 Equity — — — — — — Foreign exchange and gold 142 431 291 41 239 46 OTC 142 431 291 41 239 45 Organized market — — — 1 — 1 Credit — — — — — — Commodities — — — — — — Other — — — — — — CASH FLOW HEDGES 760 1,944 781 2,089 708 2,809 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 66 122 27 136 213 26 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 2 — 3 5 7 8 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — 27 — 48 1 DERIVATIVES-HEDGE ACCOUNTING 8.1 1,158 2,503 1,482 2,625 1,891 3,303 of which: 932 2,005 1,237 2,404 1,577 2,911 of which: 223 499 237 221 297 391
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 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 ASSETS Financial assets measured at fair value through other comprehensive income 10,449 11,308 (409) (652) 155 172 — — 16 (5) Debt securities 10,449 11,308 (409) (652) 155 172 — — Interest rate 10,446 11,308 (409) (652) 155 172 — — Foreign exchange and gold 2 — — — — — — — Other — — — — — — — — Loans and advances — — — — — — — — Interest rate — — — — — — — — Foreign exchange and gold — — — — — — — — Other — — — — — — — — Financial assets measured at amortized cost 3,003 3,248 (16) (114) 519 685 753 936 (2) 14 Debt securities 2,232 2,304 (48) (119) 519 685 — — Interest rate 2,232 2,304 (48) (119) 519 685 — — Foreign exchange and gold — — — — — — — — Loans and advances 771 944 32 5 — — 753 936 Interest rate 757 944 32 5 — — 753 936 Foreign exchange and gold 14 — — — — — — — LIABILITIES Financial liabilities measured at amortized costs 45,613 47,180 96 509 1 — — — (5) (20) Debt securities issued 42,521 37,916 172 600 1 — — — Interest rate 42,521 37,915 172 600 1 — — — Foreign exchange and gold — 1 — — — — — — Deposits 3,092 9,263 (75) (91) — — — — Interest rate 3,092 9,258 (75) (91) — — — — Foreign exchange and gold — 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, 2024: 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 5,183 10,799 23,509 20,530 60,021 Of which: Interest rate 5,160 10,650 22,903 20,023 58,735 CASH FLOW HEDGES 4,280 16,775 13,346 5,286 39,687 Of which: Interest rate 4,280 16,577 11,689 2,801 35,348 HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION 12,222 861 — 150 13,234 PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK 893 179 1,364 406 2,841 PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK — — — 47 47 DERIVATIVES-HEDGE ACCOUNTING 22,579 28,614 38,218 26,419 115,830

Note 16 (Tables)

Note 16 (Tables)	12 Months Ended
	Dec. 31, 2024
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 “Joint ventures and associates” in the consolidated balance sheets is as follows: Joint ventures and associates. Breakdown by entities (Millions of Euros) 2024 2023 2022 Joint ventures Altura Markets, S.V., S.A. 38 31 42 RCI Colombia 37 40 36 Other 19 22 22 Subtotal 94 93 100 Associates Metrovacesa, S.A. 300 259 259 BBVA Allianz Seguros y Reaseguros, S.A. 265 251 248 Atom Holdco Limited 222 211 132 Redsys Servicios de Procesamiento, S.L. 20 22 20 Servicios Electrónicos Globales S.A. de C.V. 43 36 23 Other 45 105 134 Subtotal 895 883 816 Total 989 976 916
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, 2024, 2023 and 2022 under this heading in the consolidated balance sheets: Joint ventures and associates. Changes in the year (Millions of Euros) Notes 2024 2023 2022 Balance at the beginning 976 916 900 Acquisitions and capital increases 4 95 87 Disposals and capital reductions (28) (42) (88) Transfers and changes of consolidation method (69) 4 — Share of profit and loss 39 40 26 21 Exchange differences 7 16 (1) Impairment / reversal of impairment ⁽¹⁾ 63 (9) 42 Dividends, valuation adjustments and other (5) (30) (44) Balance at the end 989 976 916 (1) See Note 16.3.

Note 17 (Tables)

Note 17 (Tables)	12 Months Ended
	Dec. 31, 2024
Tangible Assets [Abstract]
Tangible Assets Breakdown By Type Of Asset [Table Text Block]	The breakdown of, and changes in, the balances under 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 2024 (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 6,405 199 6,424 2,212 238 156 800 16,432 Additions 295 110 513 574 2 52 369 1,914 Retirements (38) (1) (89) (332) (32) (10) (63) (566) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers 5 (136) 145 (44) 44 (20) — (5) Exchange difference and other (192) (17) (145) 29 — 63 53 (208) Balance at the end 6,475 155 6,848 2,439 251 241 1,158 17,567 Accrued depreciation Balance at the beginning 1,226 — 4,606 906 93 17 49 6,896 Additions 45 123 — 501 324 19 5 — 972 Additions transfer to discontinued operations — — — — — — — — Retirements (25) — (87) (42) — (1) (6) (161) Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers (4) — 10 22 (22) (1) — 5 Exchange difference and other (56) — (181) (46) — 8 111 (165) Balance at the end 1,262 — 4,850 1,164 91 27 153 7,547 Impairment Balance at the beginning 166 — — 40 61 15 — 283 Additions 49 (65) — 2 (18) 20 31 1 (29) Additions transfer to discontinued operations — — — — — — — — Retirements — — — — — — — — Acquisition of subsidiaries in the year — — — — — — — — Disposal of entities in the year — — — — — — — — Transfers — — — — — (5) — (5) Exchange difference and other 16 — (2) — — (2) (1) 13 Balance at the end 118 — — 22 81 39 — 260 Net tangible assets Balance at the beginning 5,013 199 1,817 1,266 84 124 751 9,253 Balance at the end 5,094 155 1,999 1,253 79 174 1,004 9,759 Tangible assets. Breakdown by type of assets and changes in the year 2023 (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 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 amount in 2022 was affected by 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 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, 2024, 2023 and 2022: Tangible assets by Spanish and foreign subsidiaries. Net assets values (Millions of euros) 2024 2023 2022 ⁽¹⁾ BBVA and Spanish subsidiaries 4,129 4,183 4,285 Foreign subsidiaries 5,630 5,071 4,452 Total 9,759 9,253 8,737 (1) The number of branches in 2022 was affected by 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, 2024
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, 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 Additions — — — — — — Exchange difference (82) — (11) (1) (1) (95) Impairment — — — — — — Companies held for sale — — — — — — Balance as of December 31, 2024 541 — 132 23 4 700 (1) As a result of the application of IAS 29, as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value, so on January 1, 2022 the goodwill as well as other intangible assets 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, 2024, 2023 and 2022 are as follows: Impairment test assumptions CGU goodwill in Mexico 2024 2023 2022 Discount rate (1) 18.3 % 12.4 % 12.7 % Growth rate 5.5 % 5.6 % 6.3 % (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 fifth 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, 2024, 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 (3 %) 3 % Growth rate 2 % (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.
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) 2024 2023 2022 Computer software acquisition expense 1,764 1,535 1,393 Other intangible assets with an infinite useful life 9 8 13 Other intangible assets with a definite useful life 17 25 43 Total 1,790 1,568 1,449
Changes in other intangible assets [Table Text Block]	The changes of this heading during the years ended December 31, 2024, 2023 and 2022, are as follows: Other intangible assets (Millions of Euros) Notes Computer software Other intangible assets Total of intangible assets 2024 2023 2022 2024 2023 2022 2024 2023 2022 Balance at the beginning 1,535 1,396 1,239 33 56 140 1,568 1,453 1,379 Additions 771 688 592 11 1 — 782 689 592 Amortization in the year 45 (543) (518) (490) (18) (19) (20) (561) (536) (510) Amortization transfer to discontinued operations — — — — — — — — — Exchange differences and other 16 (6) 80 (1) (5) (63) 16 (11) 17 Impairment (15) (26) (25) — — — (15) (26) (25) Balance at the end 1,764 1,535 1,396 26 33 56 1,790 1,568 1,453

Note 19 (Tables)

Note 19 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ⁽¹⁾ Amount Effective tax % Amount Effective tax % Amount Effective tax % Profit or (-) loss before tax 15,405 12,419 10,268 From continuing operations 15,405 12,419 10,268 From discontinued operations — — — Taxation at Spanish corporation tax rate 30% 4,622 3,726 3,080 Lower/higher effective tax rate from foreign entities ⁽²⁾ 193 2 317 Mexico (180) 28 % (194) 27 % (203) 26 % Chile (2) 23 % (4) 11 % (8) 13 % Colombia (1) 29 % (25) 14 % 24 37 % Peru (44) 23 % (55) 20 % (16) 27 % Turkey 498 62 % 314 57 % 621 70 % USA (14) 26 % 5 33 % 17 17 % Others (64) (39) (118) Revenues with lower tax rate (dividends/capital gains) (44) (26) (25) Equity accounted earnings (14) (8) (6) Other effects ⁽³⁾ 73 309 139 Income tax 4,830 4,003 3,505 Of which: Continuing operations 4,830 4,003 3,505 Of which: Discontinued operations — — — (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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. (3) Regarding 2024, it shows the net impact of several tax effects that include, among others, (i) the accounting record of the impact associated with the declaration of unconstitutionality of certain measures relating to the Spanish Corporate Income Tax introduced by Royal Decree-Law 3/2016, as well as the impact of some of the measures introduced by Law 7/2024 on Corporate Income Tax that, in particular, are aimed at reinstating the measures declared unconstitutional, (ii) the non-deductibility of the temporary taxation of credit institutions recorded for accounting purposes in the year 2024 (see Note 19.6), and (iii) the effects of the limitation of the exemption on intra-group dividends and the withholding taxes associated with them.
Effective tax rate [Table Text Block]	The effective income tax rate for the Group in the years ended December 31, 2024, 2023 and 2022 is as follows: Effective tax rate (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Income from: Consolidated tax group in Spain 4,810 2,601 2,206 Other Spanish entities (41) 6 (462) Foreign entities 10,636 9,812 8,524 Gains (losses) before taxes from continuing operations 15,405 12,419 10,268 Tax expense or income related to profit or loss from continuing operations ⁽²⁾ 4,830 4,003 3,505 Effective tax rate 31.4 % 32.2 % 34.1 % (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively.
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) 2024 2023 2022 ⁽²⁾ Tax assets Current tax assets ⁽¹⁾ 4,295 2,860 1,978 Deferred tax assets 14,354 14,641 14,747 Pensions 534 445 422 Financial Instruments 1,335 1,069 1,478 Loss allowances 2,158 2,127 1,834 Other 1,495 1,467 1,261 Secured tax assets 7,979 8,534 8,689 Tax losses 853 999 1,063 Total 18,650 17,501 16,725 Tax liabilities Current tax liabilities ⁽¹⁾ 575 878 1,415 Deferred tax liabilities 2,458 1,677 1,520 Financial Instruments 915 761 557 Other 1,543 916 963 Total 3,033 2,554 2,935 (1) In 2024, the increase in current tax assets corresponds mainly to a higher tax receivable of the tax group in Spain, as well as in Mexico and Colombia, in relation to the Corporate Income Tax for the year 2024 related to the installment payments made in the year. On the other hand, the decrease in current tax liabilities corresponds mainly to the decrease in the tax payable in Mexico and Argentina in relation to the estimated income tax for the year 2023. (2) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Deferred tax assets and liabilities annual variations [Table Text Block]	The most significant variations of the deferred tax assets and liabilities in the years 2024, 2023 and 2022 were derived from the following items: Deferred tax assets and liabilities. Annual variations (Millions of Euros) 2024 2023 2022⁽¹⁾ Deferred assets Deferred liabilities Deferred assets Deferred liabilities Deferred assets Deferred liabilities Balance at the beginning 14,641 1,677 14,747 1,520 14,917 1,769 Pensions 89 — 23 — 6 — Financials instruments 266 154 (409) 204 70 (567) Loss allowances 31 — 293 — 158 — Others 28 627 206 (47) 160 318 Secured tax assets (555) — (155) — (615) — Tax losses (146) — (64) — 51 — Balance at the end 14,354 2,458 14,641 1,677 14,747 1,520 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Secured tax assets [Table Text Block]	With respect to the deferred tax assets shown above, the table below shows the amounts guaranteed by the Spanish government, broken down by the items that originated the relevant assets: Secured tax assets (Millions of Euros) 2024 2023 2022 Pensions 1,622 1,622 1,622 Loss allowances 6,357 6,912 7,067 Total 7,979 8,534 8,689

Note 20 (Tables)

Note 20 (Tables)	12 Months Ended
	Dec. 31, 2024
Other Assets And Liabilities [Abstract]
Other assets and liabilities [Table Text Block]	The breakdown of the balances of these headings of the consolidated balance sheets is as follows: Other assets and liabilities (Millions of Euros) 2024 2023 2022 ⁽¹⁾ ASSETS Inventories ⁽²⁾ 1,299 276 325 Transactions in progress 482 41 93 Accruals 1,862 1,368 1,461 Other items 1,881 1,174 706 Total 5,525 2,859 2,586 LIABILITIES Transactions in progress 306 133 44 Accruals 3,066 2,878 2,595 Other items 1,997 2,466 2,269 Total 5,370 5,477 4,909 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 21 (Tables)

Note 21 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ASSETS Foreclosures and recoveries 847 943 1,070 Other assets from tangible assets (1) 618 1,026 1,063 Companies held for sale 55 43 40 Accrued amortization (2) (46) (84) (93) Impairment losses (1) (645) (1,005) (1,057) Total 828 923 1,022 LIABILITIES Companies held for sale — — — Total — — — (1) The variation in 2024 is mainly due to sales of properties by the companies Tree Investments Inmobiliarias, SOCIMI, SA and Banco Bilbao Vizcaya Argentaria, S.A. (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 2024, 2023 and 2022, 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) 2024 2023 2022 2024 2023 2022 2024 2023 2022 2024 2023 2022 Balance at the beginning 943 1,070 1,218 943 970 452 43 39 41 1,928 2,078 1,711 Additions 250 190 211 18 2 1 15 — 2 283 192 214 Contributions from merger transactions — — — — — 592 — — — — — 592 Retirements (sales and other decreases) (338) (323) (353) (446) (34) (110) — — (2) (784) (357) (465) Transfers, other movements and exchange differences (8) 6 (6) 57 5 35 (3) 4 (2) 46 15 27 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 847 943 1,070 572 943 970 55 43 39 1,473 1,928 2,078 Impairment (b) Balance at the beginning 299 356 381 706 701 269 — — — 1,005 1,057 650 Additions 50 24 16 64 59 27 158 — — — 83 42 221 Additions transfer to discontinued operations — — — — — — — — — — — — Contributions from merger transactions — — — — — — — — — — — — Retirements (sales and other decreases) (91) (89) (102) (352) (22) (46) — — — (443) (111) (148) Other movements and exchange differences 5 16 13 (5) 1 320 — — — — 17 333 Disposals by companies held for sale — — — — — — — — — — — — Balance at the end 237 299 356 409 706 701 — — — 645 1,005 1,057 Balance at the end of net carrying value (a)-(b) 610 644 714 163 236 269 55 43 39 828 923 1,022 (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, 2024
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) 2024 2023 2022 ⁽¹⁾ Deposits 496,720 473,835 459,662 Deposits from central banks 14,668 20,309 38,323 Demand deposits 657 159 205 Time deposits and other 6,369 12,203 33,534 Repurchase agreement 7,642 7,947 4,584 Deposits from credit institutions 34,406 40,039 26,935 Demand deposits 6,977 6,629 11,434 Time deposits and other 15,049 12,871 11,787 Repurchase agreement 12,380 20,539 3,714 Customer deposits 447,646 413,487 394,404 Demand deposits 331,780 317,543 316,082 Time deposits and other 106,658 91,740 76,063 Repurchase agreement 9,208 4,204 2,259 Debt certificates issued 69,867 68,707 55,429 Other financial liabilities 17,753 15,046 14,081 Total 584,339 557,589 529,172 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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 2024 Spain 1,039 3,116 538 4,693 Mexico 973 981 231 2,185 Turkey 158 2,002 2 2,162 South America 577 2,387 — 2,963 Rest of Europe 2,942 3,313 11,578 17,832 Rest of the world 1,289 3,250 31 4,570 Total 6,977 15,049 12,380 34,406 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 (1) Subordinated deposits are included amounting to €48, €35 and €24 million as of December 31, 2024, 2023 and 2022, 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 ⁽¹⁾ ⁽²⁾ Repurchase agreements Total December 2024 Spain 186,489 22,501 6,474 215,464 Mexico 70,133 14,319 987 85,439 Turkey 23,228 25,388 652 49,267 South America 32,443 20,232 — 52,675 Rest of Europe 17,170 17,613 1,095 35,878 Rest of the world 2,318 6,605 — 8,922 Total 331,780 106,658 9,208 447,646 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 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Subordinated deposits are included amounting to €8 million as of December 31, 2024. As of December 31, 2023 and 2022, no subordinated deposits were recorded under this heading.
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) 2024 2023 2022 In Euros 37,118 44,622 35,611 Promissory bills and notes 1,360 5,416 1,079 Non-convertible bonds and debentures 17,788 16,256 16,979 Covered bonds 5,825 6,734 7,665 Hybrid financial instruments (1) 519 800 959 Securitization bonds 2,201 2,168 2,501 Wholesale funding 1,030 6,182 139 Subordinated liabilities 8,395 7,066 6,289 Convertible perpetual certificates 2,750 3,000 3,000 Other non-convertible subordinated liabilities 5,645 4,066 3,289 In foreign currencies 32,748 24,086 19,819 Promissory bills and notes 2,962 336 351 Non-convertible bonds and debentures 12,136 8,684 9,323 Covered bonds 95 99 114 Hybrid financial instruments (1) 5,327 4,722 3,724 Securitization bonds — — — Wholesale funding 1,067 1,479 111 Subordinated liabilities 11,161 8,766 6,196 Convertible perpetual certificates 2,888 2,715 1,876 Other non-convertible subordinated liabilities 8,273 6,051 4,320 Total 69,867 68,707 55,429 (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) 2024 2023 2022 Subordinated deposits 56 35 24 Subordinated certificates 19,556 15,832 12,485 Compound convertible financial instruments 5,638 5,715 4,876 Other non-convertible subordinated liabilities 13,918 10,117 7,609 Total 19,612 15,867 12,509
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) 2024 2023 2022 ⁽¹⁾ Lease liabilities 1,467 1,507 1,398 Creditors for other financial liabilities 4,859 3,439 3,584 Collection accounts 3,693 3,642 3,426 Creditors for other payment obligations 7,734 6,458 5,673 Total 17,753 15,046 14,081 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Maturity of future payment obligations [Table Text Block]	A breakdown of the maturity of the lease liabilities, due after December 31, 2024 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 175 285 239 768 1,467

Note 23 (Tables)

Note 23 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022 is as follows: Liabilities under insurance and reinsurance contracts (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Insurances 10,981 12,110 10,131 Liabilities for remaining coverage 9,835 10,900 9,157 Estimates of the present value of cash flows 8,462 9,516 7,905 Risk adjustment 150 171 155 Cost service margin 1,224 1,213 1,097 Liabilities for incurred claims 1,146 1,210 974 Estimates of the present value of cash flows 1,129 1,191 959 Risk adjustment 17 19 15 Reinsurances — — — Total 10,981 12,110 10,131 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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, 2024, 2023 and 2022, excluding insurance contracts valued following the Simplified Model, is shown in the table below: Liabilities under insurance and reinsurance contracts by type of product (Millions of Euros) 2024 2023 2022 ⁽³⁾ Liabilities for remaining coverage 9,835 10,900 9,157 Life insurance 9,555 10,657 8,962 Individuals life insurance ⁽¹⁾ 7,643 8,900 7,592 Group insurance ⁽²⁾ 1,912 1,757 1,370 Non-life insurance 280 243 195 Liabilities for incurred claims 1,146 1,210 974 Total 10,981 12,110 10,131 (1) Provides coverage in the event of death, disability and serious illness. (2) The insurance policies purchased by employers (other than BBVA Group) on behalf of their employees. (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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 2024, 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 2024 (Millions of Euros) Liability for remaining coverage Liability for incurred claims Total Initial balance 10,900 1,210 12,110 Result from insurance service (3,371) 1,862 (1,509) Insurance revenue (3,494) — (3,494) Insurance expense 124 1,862 1,985 Financial income/ expenses from insurance contracts (407) 12 (395) Exchange differences (657) (110) (767) Cash flows 3,370 (1,828) 1,542 Final balance 9,835 1,146 10,981 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 Initial balance 9,157 974 10,131 Result from insurance service (2,822) 1,532 (1,289) Insurance revenue (2,897) — (2,897) Insurance expense 75 1,532 1,607 Financial income/ expenses from insurance contracts 563 1 564 Exchange differences 1,008 59 1,067 Cash flows 2,994 (1,357) 1,637 Final balance 10,900 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 Initial balance 8,875 1,097 9,972 Result from insurance service (2,446) 1,260 (1,186) Insurance revenue (2,575) — (2,575) Insurance expense 130 1,260 1,390 Financial income/ expenses from insurance contracts (694) 2 (692) Exchange differences 1,048 51 1,099 Cash flows 2,375 (1,437) 938 Final balance 9,157 974 10,131
Variation in liabilities under Insurance and Reinsurance contracts by valuation components [Table Text Block]	The variation of liabilities under insurance and reinsurance contracts, distinguishing between their different valuation components, excluding contracts valued under the Simplified Model, for the years 2024, 2023 and 2022 is shown below: Variation in liabilities under insurance and reinsurance contracts analyzed by valuation component. December 2024 (Millions of Euros) Estimated present value of future cash flows Risk adjustment Contractual service margin ⁽¹⁾ Total Initial balance 9,738 167 1,213 11,118 Insurance service result (345) (17) 44 (318) Changes that relate to current services (969) (29) (270) (1,267) Changes that relate to future services (350) 12 314 (24) Changes that relate to past services 974 — — 974 Financial income/ expenses from insurance contracts (457) 3 49 (406) Exchange rate differences (636) (3) (82) (721) Cash flows 411 — — 411 Final balance 8,710 150 1,224 10,084 (1) In general, the transition 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. 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) Changes that relate to future services (189) 26 163 — Changes that relate to past services 554 — — 554 Financial income/ expenses from insurance contracts 508 11 45 564 Exchange rate differences 935 6 94 1,035 Cash flows 623 — — 623 Final balance 9,738 167 1,213 11,118 (1) In general, the transition 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. 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) Changes that relate to future services (270) 60 193 (17) Changes that relate to past services 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 Final balance 8,056 150 1,097 9,303 (1) In general, the transition 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.
Maturity of liabilities under insurance and reinsurance contracts [Table Text Block]	The maturity of “Liabilities under insurance and reinsurance contracts” is as follows: 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 2024 1,556 319 720 8,387 10,981 2023 1,356 962 2,425 7,367 12,110 2022 1,754 663 1,664 6,050 10,131

Note 24 (Tables)

Note 24 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Provisions for pensions and similar obligations 25 2,348 2,571 2,632 Other long term employee benefits ⁽¹⁾ 25 384 435 466 Provisions for taxes and other legal contingencies 7.1 791 696 685 Provisions for contingent risks and commitments 7.2.6 667 770 770 Other provisions ⁽²⁾ 429 452 380 Total 4,619 4,924 4,933 (1) It included commitments undertaken under the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. in 2021. (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, 2024, 2023 and 2022 is as follows: Provisions for pensions and other post-employment obligations for defined benefit plans, and other long term employee benefits. Changes over the year (Millions of Euros) Notes 2024 2023 2022 ⁽¹⁾ Balance at the beginning 3,006 3,098 4,208 Charges to income for the year 197 211 25 Interest expense and similar charges 25 138 133 75 Personnel expense 57 49 42 Provision expense 2 29 (92) Charges (credits) to equity ⁽²⁾ 25 132 314 (433) Transfers and other changes (49) (37) 36 Benefit payments (410) (474) (616) Employer contributions (143) (106) (120) Balance at the end 2,732 3,006 3,098 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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) 2024 2023 2022 Balance at beginning 1,148 1,065 990 Additions 370 651 417 Acquisition of subsidiaries — — — Unused amounts reversed during the year (92) (385) (130) Amount used and other variations (206) (183) (211) Balance at the end 1,220 1,148 1,065

Note 25 (Tables)

Note 25 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022 is provided below: Net defined benefit liability (asset) on the consolidated balance sheet (Millions of Euros) Notes 2024 2023 2022 Pension commitments 3,759 3,849 3,661 Early retirement commitments 271 412 606 Medical benefits commitments 1,269 1,728 1,448 Other long term employee benefits 384 435 466 Total commitments 5,683 6,424 6,181 Pension plan assets 1,584 1,675 1,608 Medical benefit plan assets 1,367 1,744 1,476 Total plan assets (1) 2,951 3,419 3,084 Total net liability / asset 2,732 3,006 3,097 Of which: Net asset on the consolidated balance sheet (2) — — (1) Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) 24 2,348 2,571 2,632 Of which: Net liability on the consolidated balance sheet for other long term employee benefits 24 384 435 466 (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €123 million as of December 31, 2024 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. As of December 31, 2023 and 2022, this amount amounted to €153 and €188 million respectively. (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 on the consolidated income statement for the years 2024, 2023 and 2022 is as follows: Consolidated income statement impact (Millions of Euros) Notes 2024 2023 2022 ⁽¹⁾ Interest and other expense 138 133 75 Interest expense 494 444 342 Interest income (356) (311) (267) Personnel expense 215 188 130 Defined contribution plan expense 44.1 158 139 87 Defined benefit plan expense 44.1 51 49 42 Other expense 6 — — Provisions or (reversal) of provisions 46 3 31 (89) Early retirement expense — — — Past service cost expense 7 36 34 Remeasurements ⁽²⁾ (5) (7) (126) Other provision expense 1 2 3 Total impact on consolidated income statement: expense (income) 355 352 116 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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 2.2.13).
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, 2024, 2023 and 2022 are as follows: Equity impact (Millions of Euros) 2024 2023 2022 Defined benefit plans 218 302 (363) Post-employment medical benefits (86) 12 (71) Total impact on equity: debit (credit) 132 314 (433)
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, 2024, 2023 and 2022 is presented below: Defined benefits (Millions of Euros) 2024 2023 2022 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 5,989 3,419 2,571 5,715 3,084 2,632 6,547 2,988 3,560 Current service cost 51 — 51 52 — 52 45 — 45 Interest income/expense 472 356 115 425 311 114 333 267 65 Contributions by plan participants 16 16 — 10 10 — 10 10 — Employer contributions — 143 (143) — 106 (106) — 67 (67) Past service costs (1) 7 — 7 36 — 36 34 — 34 Remeasurements: (202) (330) 128 375 68 307 (741) (240) (501) Return on plan assets (2) — (330) 330 — 68 (68) — (240) 240 From changes in demographic assumptions 2 — 2 (86) — (86) (29) — (29) From changes in financial assumptions (362) — (362) 248 — 248 (812) — (812) Other actuarial gains and losses 158 — 158 212 — 212 100 — 100 Benefit payments (564) (230) (334) (655) (232) (424) (676) (184) (492) Settlement payments (1) (1) — (76) (75) (1) (4) (4) — Business combinations and disposals — — — (1) — (1) — — — Effect on changes in foreign exchange rates (467) (416) (51) 124 153 (29) 161 180 (20) Conversions to defined contributions — — — — — — — — — Other effects (3) (7) 4 (15) (7) (8) 7 — 7 Balance at the end 5,299 2,951 2,348 5,989 3,419 2,571 5,715 3,084 2,632 Of which: Spain 2,078 114 1,964 2,310 129 2,181 2,546 147 2,399 Of which: Mexico 2,385 2,114 271 2,988 2,702 286 2,426 2,329 97 Of which: Turkey 567 488 80 435 363 72 418 315 103 (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, 2024, 2023 and 2022: Actuarial assumptions (%) 2024 2023 2022 Spain Mexico Turkey Spain Mexico Turkey Spain Mexico Turkey Discount rate 3.25 % 12.11 % 31.02 % 3.43 % 10.44 % 25.60 % 3.91 % 10.68 % 17.79 % Rate of salary increase — 4.50 % 27.80 % — 4.50 % 23.44 % — 4.50 % 15.86 % Rate of pension increase — 3.92 % 26.30 % — 4.14 % 21.94 % — 4.41 % 14.36 % Medical cost trend rate — 8.00 % 30.50 % — 8.04 % 26.14 % — 8.04 % 18.56 % Mortality tables PER 2020 EMSSA09 TUIK 2022 PER 2020 EMSSA09 TUIK 2019 PER 2020 EMSSA09 TUIK 2019
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 2024 2023 2022 Increase Decrease Increase Decrease Increase Decrease Discount rate 50 (213) 232 (265) 291 (321) 350 Rate of salary increase 50 4 (4) 4 (4) 1 (1) Rate of pension increase 50 27 (26) 34 (32) 32 (39) Medical cost trend rate 50 102 (93) 141 (126) 119 (106) Change in obligation from each additional year of longevity 120 — 134 — 113 —
Post employment commitments [Table Text Block]	The change in the benefit plan obligations and plan assets during the year ended December 31, 2024 was as follows: Post-employment commitments 2024 (Millions of Euros) Spain Mexico Turkey Rest of the world Defined benefit obligation Balance at the beginning 2,310 1,269 435 247 Current service cost 4 10 18 3 Interest income or expense 73 118 105 9 Contributions by plan participants — — 14 2 Employer contributions — — — — Past service costs (1) — — 3 4 Remeasurements: 24 14 83 9 Return on plan assets (2) — — — — From changes in demographic assumptions — 2 (15) — From changes in financial assumptions 34 (10) (97) 3 Other actuarial gains and losses (10) 22 195 6 Benefit payments (341) (109) (32) (12) Settlement payments — (1) — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (177) (48) (2) Conversions to defined contributions — — — — Other effects 8 — (11) — Balance at the end 2,078 1,124 567 260 Of which: Vested benefit obligation relating to current employees 72 Of which: Vested benefit obligation relating to retired employees 2,006 Plan Assets Balance at the beginning 129 958 363 224 Current service cost — — — — Interest income or expense 4 87 89 7 Contributions by plan participants — — 14 2 Employer contributions — 68 39 22 Past service costs (1) — — — — Remeasurements: 1 (125) 50 (10) Return on plan assets (2) 1 (125) 50 (10) From changes in demographic assumptions — — — — From changes in financial assumptions — — — — Other actuarial gains and losses — — — — Benefit payments (20) (108) (20) (11) Settlement payments — (1) — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (132) (40) — Conversions to defined contributions — — — — Other effects — — (7) — Balance at the end 114 748 488 234 Net liability (asset) Balance at the beginning 2,181 311 72 23 Current service cost 4 10 18 3 Interest income or expense 69 30 16 2 Contributions by plan participants — — — — Employer contributions — (68) (39) (22) Past service costs (1) — — 3 4 Remeasurements: 23 139 32 19 Return on plan assets (2) (1) 125 (50) 10 From changes in demographic assumptions — 2 (15) — From changes in financial assumptions 34 (10) (97) 3 Other actuarial gains and losses (10) 22 195 6 Benefit payments (321) — (11) (1) Settlement payments — — — — Business combinations and disposals — — — — Effect on changes in foreign exchange rates — (45) (8) (2) Conversions to defined contributions — — — — Other effects 8 — (4) — Balance at the end 1,964 377 80 26 (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, 2023 and 2022 was as follows: Post-employment commitments (Millions of Euros) 2023: Net liability (assets) 2022: Net liability (assets) Spain Mexico Turkey Rest of the world Spain Mexico Turkey Rest of the world Balance at the beginning 2,399 132 103 25 3,464 124 63 24 Current service cost 3 9 17 3 4 7 13 3 Interest income or expense 85 17 8 2 51 14 10 4 Contributions by plan participants — — — — — — — — Employer contributions — (37) (23) (29) — (41) (22) (3) Past service costs (1) — — 33 3 — 1 2 3 Remeasurements: 67 175 32 21 (643) 152 62 (1) Return on plan assets (2) — 19 (129) 25 34 45 (104) 121 From changes in demographic assumptions — — (14) (2) — — (37) 8 From changes in financial assumptions 78 114 10 (10) (643) 73 82 (132) Other actuarial gains and losses (11) 42 165 8 (34) 34 122 2 Benefit payments (379) — (43) (1) (484) — (6) (1) Settlement payments — — — (1) — — — — Business combinations and disposals — — — (1) — (139) — — Effect on changes in foreign exchange rates — 15 (40) 1 — 13 (18) (3) Conversions to defined contributions — — — — — — — — Other effects 6 — (14) — 7 — — — Balance at the end 2,181 311 72 23 2,399 132 103 25 (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 2024, 2023 and 2022 was as follows: Medical benefits commitments (Millions of Euros) 2024 2023 2022 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 1,728 1,744 (16) 1,448 1,476 (28) 1,377 1,494 (116) Current service cost 18 — 18 20 — 20 19 — 19 Interest income or expense 167 168 (2) 167 165 2 144 157 (14) Contributions by plan participants — — — — — — — — — Employer contributions — 15 (15) — 17 (17) — — — Past service costs (1) — — — — — — 28 — 28 Remeasurements: (333) (247) (86) (5) (17) 12 (215) (144) (71) Return on plan assets (2) — (247) 247 — (17) 17 — (144) 144 From changes in demographic assumptions 15 — 15 (70) — (70) — — — From changes in financial assumptions (293) — (293) 56 — 56 (191) — (191) Other actuarial gain and losses (55) — (55) 8 — 8 (23) — (23) Benefit payments (71) (70) — (70) (70) — (60) (60) — Settlement payments — — — — — — — — — Business combinations and disposals — — — — — — — (139) 139 Effect on changes in foreign exchange rates (240) (243) 3 168 173 (5) 155 167 (11) Other effects — — — — — — — — — Balance at the end 1,269 1,367 (98) 1,728 1,744 (16) 1,448 1,476 (28) (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, 2024, 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) 2025 2026 2027 2028 2029 2030 - 2034 Commitments in Spain 422 278 242 210 181 618 Commitments in Mexico 196 207 215 225 235 1,331 Commitments in Turkey 28 30 37 47 60 696 Total 645 514 495 482 477 2,645
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, 2024, 2023 and 2022: Plan assets breakdown (Millions of Euros) 2024 2023 2022 Cash and cash equivalents 60 86 169 Debt securities (government bonds) 2,267 2,818 2,270 Mutual funds 1 — — Asset-backed securities — — — Structured debt — — — Insurance contracts 21 21 183 Total 2,349 2,924 2,622 Of which: Bank account in BBVA 25 23 7 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, 2024, 2023 and 2022: Investments in listed markets (Millions of Euros) 2024 2023 2022 Cash and cash equivalents 60 86 169 Debt securities (Government bonds) 2,267 2,818 2,270 Mutual funds 1 — — Total 2,328 2,904 2,439 Of which: Bank account in BBVA 25 23 7 Of which: Debt securities issued by BBVA — — — Of which: Property occupied by BBVA — — —

Note 28 (Tables)

Note 28 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ⁽¹⁾ Legal reserve 565 572 591 Restricted reserve 582 561 482 Voluntary reserves 6,470 5,478 3,906 Total reserves holding company 7,616 6,612 4,979 Consolidation reserves attributed to the Bank and subsidiary consolidated companies 34,891 31,639 30,077 Total 42,507 38,251 35,056 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Restricted reserves breakdown by concepts [Table Text Block]	As of December 31, 2024, 2023 and 2022, the Bank’s restricted reserves are as follows: Restricted reserves. Breakdown by concepts (Millions of Euros) 2024 2023 2022 Restricted reserve for retired capital 531 495 400 Restricted reserve for Parent Company shares and loans for those shares 49 65 80 Restricted reserve for redenomination of capital in euros 2 2 2 Total 582 561 482
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) 2024 2023 2022 ⁽¹⁾ Retained earnings (losses), revaluation reserves and other reserves Holding Company 18,157 15,672 14,003 BBVA Mexico Group 17,209 15,705 14,042 Garanti BBVA Group 6,065 5,857 5,703 BBVA Provincial Group 1,774 1,758 1,720 BBVA Argentina Group 1,315 1,474 1,456 BBVA Colombia Group 1,639 1,573 1,489 BBVA Peru Group 1,245 1,158 1,065 Forum Chile Group 663 652 632 BBVA Uruguay Group 166 139 118 BV America, S.L. 469 374 299 Corporación General Financiera, S.A. 410 368 338 BBVA Seguros, S.A. (16) 306 284 Bilbao Vizcaya Holding, S.A. 205 198 144 BBVA Tecnology América S.A. 92 87 85 Pecri Inversión, S.L. (10) (17) 119 Anida Operaciones Singulares, S.A. (5,524) (5,497) (5,529) Other Real State Spanish Companies ⁽²⁾ (1,152) (1,164) (909) Other 28 (155) 217 Subtotal 42,734 38,488 35,277 Other reserves or accumulated losses of investments in joint ventures and associates ATOM Holdco Limited (169) (181) (169) Metrovacesa, S.A. (84) (84) (84) Other 26 28 32 Subtotal (227) (237) (221) Total 42,507 38,251 35,057 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Includes balances corresponding to Sociedades inmobiliarias CX, Anida Grupo Inmobiliario and Sociedades inmobiliarias Unnim.

Note 29 (Tables)

Note 29 (Tables)	12 Months Ended
	Dec. 31, 2024
Treasury shares [Abstract]
Treasury shares [Table Text Block]	In the years ended December 31, 2024, 2023 and 2022 the Group entities performed the following transactions with shares issued by the Bank: Treasury shares (Millions of Euros) 2024 2023 2022 Number of Shares Millions of Euros Number of Shares Millions of Euros Number of Shares Millions of Euros Balance at beginning 4,386,625 34 5,485,414 29 127,633,399 647 + Purchases 154,564,499 1,528 301,882,728 2,166 598,457,024 2,966 - Sales and other changes (152,284,268) (1,497) (302,981,517) (2,161) (720,605,009) (3,583) Balance at the end 6,666,856 66 4,386,625 34 5,485,414 29 Of which: Held by BBVA, S.A. 410,370 7 — 3 — 3 Held by Corporación General Financiera, S.A. 6,256,486 59 4,354,004 31 5,454,516 26 Held by other subsidiaries — — 32,621 — 30,898 — Average purchase price in Euros 9.89 — 7.18 — 4.96 — Average selling price in Euros (including other changes) 9.89 — 7.14 — 4.99 — Net gains or losses on transactions 10 1 9
Treasury Stock [Table Text Block]	The percentages of treasury shares held by the Group in the years ended December 31, 2024, 2023 and 2022 are as follows: Treasury Share 2024 2023 2022 Min Max Closing Min Max Closing Min Max Closing % treasury share 0.076 % 1.513 % 0.116 % 0.038 % 2.214 % 0.075 % 0.078 % 7.492 % 0.094 %
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, 2024, 2023 and 2022 is as follows: Shares of BBVA accepted in pledge 2024 2023 2022 Number of shares in pledge 13,308,677 17,492,194 23,437,363 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.23 % 0.29 % 0.39 %
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, 2024, 2023 and 2022 is as follows: Shares of BBVA owned by third parties but managed by the Group 2024 2023 2022 Number of shares owned by third parties 11,834,596 13,258,994 18,686,027 Nominal value (in Euros) 0.49 0.49 0.49 % of share capital 0.21 % 0.23 % 0.31 %

Note 30 (Tables)

Note 30 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Items that will not be reclassified to profit or loss (1,988) (2,105) (1,881) Actuarial gains (losses) on defined benefit pension plans (1,067) (1,049) (760) Fair value changes of equity instruments measured at fair value through other comprehensive income 13.4 (905) (1,112) (1,194) Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk (17) 55 72 Items that may be reclassified to profit or loss (15,232) (14,148) (15,760) Hedge of net investments in foreign operations (effective portion) (2,329) (2,498) (1,408) Mexican peso (2,697) (3,147) (1,751) Turkish lira 394 670 358 Other exchanges (25) (21) (15) Foreign currency translation (12,702) (11,419) (13,078) Mexican peso (3,644) (640) (2,791) Turkish lira (5,835) (6,908) (6,599) Argentine peso (555) (1,296) (868) Venezuela Bolívar (1,865) (1,865) (1,850) Other exchanges (803) (711) (969) Hedging derivatives. Cash flow hedges (effective portion) 370 133 (447) Fair value changes of debt instruments measured at fair value through other comprehensive income 13.4 (576) (357) (809) Share of other recognized income and expense of investments in joint ventures and associates 5 (8) (18) Total (17,220) (16,254) (17,642) (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 31 (Tables)

Note 31 (Tables)	12 Months Ended
	Dec. 31, 2024
Minority interests (non-controlling interests) [Abstract]
Non Controlling Interest Classified By Concept [Table Text Block]	The breakdown by groups of consolidated entities of the balance 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) 2024 2023 2022 ⁽¹⁾ Garanti BBVA 1,351 1,129 1,179 BBVA Peru 1,779 1,586 1,469 BBVA Argentina 843 544 687 BBVA Colombia 60 82 73 BBVA Venezuela 134 108 95 Other entities 191 115 119 Total 4,359 3,564 3,623 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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) 2024 2023 2022 ⁽¹⁾ Garanti BBVA 116 95 28 BBVA Peru 260 236 236 BBVA Argentina 105 59 83 BBVA Colombia (1) (16) 5 BBVA Venezuela 32 24 22 Other entities 9 (1) 32 Total 521 397 405 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3 ).

Note 32 (Tables)

Note 32 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022 is shown below: Eligible capital resources (Millions of Euros) Notes 2024 2023 2022 Capital 26 2,824 2,861 2,955 Share premium 27 19,184 19,769 20,856 Retained earnings, revaluation reserves and other reserves 28 42,507 38,251 35,056 Other equity instruments, net 40 40 63 Treasury shares 29 (66) (34) (29) Profit (loss) attributable to the parent company 5 10,054 8,019 6,358 Interim dividend (1,668) (951) (722) Total equity 72,875 67,955 64,535 Accumulated other comprehensive income (loss) 30 (17,220) (16,254) (17,642) Minority interests 31 4,359 3,564 3,623 Shareholders' equity 60,014 55,265 50,517 Goodwill and other intangible assets (1,553) (1,421) (1,395) Differences from solvency and accounting perimeter (185) (137) (123) Equity not eligible at solvency level (185) (137) (123) Other adjustments and deductions ⁽¹⁾ (7,476) (7,591) (6,262) Common Equity Tier 1 (CET 1) 50,799 46,116 42,738 Additional Tier 1 before Regulatory Adjustments 6,023 6,033 5,193 Total Regulatory Adjustments to Additional Tier 1 — — — Tier 1 56,822 52,150 47,931 Tier 2 9,858 8,182 5,930 Total Capital (Total Capital = Tier 1 + Tier 2) 66,680 60,332 53,861 Total Minimum equity required ⁽²⁾ 52,427 47,455 43,111 (1) The caption “Other adjustments and deductions” include, among others, the adjustment for non-computable minority interests, the amount of repurchases of own shares up to the maximum limit authorized by the ECB to the BBVA Group and the amount of dividends pending distribution. (2) Calculated based on total minimum capital requirements applicable in each period.
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, 2024, 2023 and 2022 are shown below: Amount of capital CC1 (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Capital and share premium 22,008 22,629 23,810 Retained earnings and equity instruments 39,652 34,889 31,436 Other accumulated income and other reserves (14,334) (12,872) (13,952) Minority interests 2,343 1,864 1,853 Net attributable profit (2) 5,013 4,759 3,814 Common Equity Tier I (CET1) before other regulatory adjustments 54,681 51,269 46,962 Goodwill and intangible assets (1,553) (1,421) (1,395) Direct, indirect and synthetic holdings in own Common Equity Tier I instruments (243) (331) (356) Deferred tax assets (844) (988) (1,057) Other deductions and filters ⁽³⁾ (1,242) (2,412) (1,416) Total common equity Tier 1 regulatory adjustments (3,882) (5,153) (4,223) Common equity TIER 1 (CET1) 50,799 46,116 42,738 Capital instruments and share premium accounts classified as liabilities and qualifying as Additional Tier I 5,638 5,715 4,875 Qualifying Tier 1 capital included in consolidated AT1 capital issued by subsidiaries and held by third parties 386 319 318 Additional Tier 1 (CET 1) before regulatory adjustments 6,023 6,033 5,193 Transitional CET 1 adjustments — — — Total regulatory adjustments to additional Tier 1 — — — Additional Tier 1 (AT1) 6,023 6,033 5,193 Tier 1 (Common equity TIER 1 + additional TIER 1) 56,822 52,150 47,931 Capital instruments and share premium accounted as Tier 2 5,629 5,214 3,510 Qualifying Tier 2 capital included in consolidated T2 capital issued by subsidiaries and held by third parties 4,192 2,890 2,310 Credit risk adjustments 47 88 213 Tier 2 before regulatory adjustments 9,868 8,192 6,033 Tier 2 regulatory adjustments (10) (10) (103) Tier 2 9,858 8,182 5,930 Total capital (Total capital = Tier 1 + Tier 2) 66,680 60,332 53,861 Total RWA 394,468 363,915 337,066 CET 1 (phased-in) 12.88 % 12.67 % 12.68 % Tier 1 (phased-in) 14.40 % 14.33 % 14.22 % Total capital (phased-in) 16.90 % 16.58 % 15.98 % (1) In 2022, 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 2024 and 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (2) As of December 31, 2024, the total shareholder remuneration corresponding to the year 2024 (composed by a cash dividend, the share repurchase program and the proposed cash dividend subject to approval at the General Shareholders' Meeting), is deducted. As of December 31, 2023 and 2022 the cash dividends approved by the respective General Shareholders' Meetings are deducted. (3) As of December 31, 2023 and 2022, the amounts of the share repurchase programs were deducted.
Leverage Ratio [Table Text Block]	Breakdown of leverage ratio as of December 31, 2024, 2023 and 2022, calculated according to CCR, is as follows: Leverage ratio 2024 2023 2022 Tier 1 (millions of Euros) (a) 56,822 52,150 47,931 Exposure to leverage ratio (millions of Euros) (b) 834,488 797,888 737,990 Leverage ratio (a)/(b) (percentage) 6.81 % 6.54 % 6.49 %

Note 33 (Tables)

Note 33 (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and guarantees given [Abstract]
Commitments and guarantees given [Table Text Block]	The breakdown of the off-balance sheet exposures is as follows: Commitments and guarantees given (Millions of Euros) Notes 2024 2023 2022 Loan commitments given 7.2.2 188,515 152,868 136,920 Of which: impaired 160 165 177 Central banks 254 — — General governments 3,247 3,115 3,031 Credit institutions 13,441 15,595 15,407 Other financial corporations 8,656 7,063 5,895 Non-financial corporations 82,891 71,303 68,120 Households 80,026 55,791 44,467 Financial guarantees given 7.2.2 22,503 18,839 16,511 Of which: impaired (1) 192 229 281 Central banks — — — General governments 183 74 96 Credit institutions 636 978 475 Other financial corporations 2,843 2,177 1,263 Non-financial corporations 18,724 15,460 14,541 Households 116 150 135 Other commitments given 7.2.2 51,215 42,577 39,137 Of which: impaired (1) 439 636 689 Central banks — — — General governments 354 327 215 Credit institutions 6,447 3,607 4,134 Other financial corporations 3,256 1,837 1,758 Non-financial corporations 41,005 36,681 32,858 Households 153 125 171 Total 7.2.2 262,233 214,283 192,568

Note 36 (Tables)

Note 36 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Financial instruments entrusted to BBVA by third parties 496,082 430,377 352,139 Conditional bills and other securities received for collection 13,460 12,125 11,738 Securities lending 5,700 6,397 3,223 Total 515,241 448,899 367,100

Note 37 (Tables)

Note 37 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Financial assets held for trading 5,951 4,984 2,079 Financial assets at fair value through other comprehensive income 2,951 3,098 3,110 Financial assets at amortized cost ⁽¹⁾ 50,243 38,328 25,258 Insurance activity 1,448 1,052 1,309 Adjustments of income as a result of hedging transactions 702 91 (825) Other income ⁽²⁾ 365 297 501 Total 61,659 47,850 31,432 (1) Includes interest on demand deposits at central banks and credit institutions. (2) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million for the year ended December 31, 2022 (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) 2024 2023 2022 ⁽¹⁾ Financial liabilities held for trading 5,445 3,834 1,140 Financial liabilities designated at fair value through profit or loss 170 130 58 Financial liabilities at amortized cost 28,379 19,164 9,985 Adjustments of expense as a result of hedging transactions 1,097 809 (232) Insurance activity 1,016 633 948 Cost attributable to pension funds 173 110 76 Other expense 114 80 333 Total 36,392 24,761 12,309 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 38 (Tables)

Note 38 (Tables)	12 Months Ended
	Dec. 31, 2024
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 shown in the breakdown below: Dividend income (Millions of Euros) 2024 2023 2022 Non-trading financial assets mandatorily at fair value through profit or loss 10 11 15 Financial assets at fair value through other comprehensive income ⁽¹⁾ 109 107 108 Total 120 118 123 (1) Dividend income corresponds mainly to investments held at the end of the year.

Note 40 (Tables)

Note 40 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 ⁽¹⁾ Bills receivables 21 24 26 Demand accounts 300 300 424 Credit and debit cards and POS ⁽²⁾ 7,106 4,665 3,499 Checks 166 175 162 Transfers and other payment orders 961 862 812 Insurance product commissions 461 384 261 Loan commitments given 322 307 259 Other commitments and financial guarantees given 530 471 420 Asset management 1,685 1,407 1,228 Securities fees 360 345 266 Custody securities 221 207 193 Other fees and commissions 902 751 711 Total 13,036 9,899 8,260 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Points of Sale.
Fees and commission expense [Table Text Block]	The breakdown of fee and commission expense under this heading in the consolidated income statements is as follows: Fee and commission expense. Breakdown by origin (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Demand accounts 7 6 5 Credit and debit cards and POS ⁽²⁾ 3,534 2,337 1,884 Transfers and other payment orders 153 156 132 Commissions for selling insurance 47 40 54 Custody securities 101 111 92 Other fees and commissions 1,206 961 721 Total 5,048 3,611 2,888 (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 41 (Tables)

Note 41 (Tables)	12 Months Ended
	Dec. 31, 2024
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 statements is as follows: Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros) 2024 2023 2022 Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 327 76 64 Financial assets at amortized cost 20 41 8 Other financial assets and liabilities 307 35 56 Gains (losses) on financial assets and liabilities held for trading, net 2,458 1,352 562 Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 2,458 1,352 562 Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net 179 337 (67) Reclassification of financial assets from fair value through other comprehensive income — — — Reclassification of financial assets from amortized cost — — — Other gains (losses) 179 337 (67) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net 249 96 150 Gains (losses) from hedge accounting, net 5 (17) (45) Subtotal gains (losses) on financial assets and liabilities and hedge accounting 3,218 1,844 663 Exchange differences, net 695 339 1,275 Total 3,913 2,183 1,938
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 consolidated 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) 2024 2023 2022 Debt instruments 841 799 (2,266) Equity instruments 553 669 (1,099) Trading derivatives and hedge accounting 181 (812) 1,361 Loans and advances to customers 236 165 (241) Customer deposits (81) (95) 274 Other 1,488 1,118 2,635 Total 3,218 1,844 663
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) 2024 2023 2022 Derivatives Interest rate agreements (21) 427 522 Securities agreements 236 (402) 1,653 Credit derivative agreements (123) (56) 16 Foreign-exchange agreements (15) (431) (658) Commodity and other agreements 99 (332) (127) Subtotal 176 (795) 1,406 Hedging derivatives ineffectiveness — — Fair value hedges 8 (10) (51) Hedging derivative (512) (114) (229) Hedged item 520 103 178 Cash flow hedges (3) (7) 6 Subtotal 5 (17) (45) Total 181 (812) 1,361

Note 42 (Tables)

Note 42 (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Gains from sales of non-financial services 354 347 284 Other operating income 269 272 244 Total 623 619 528
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) 2024 2023 2022 Change in inventories 165 151 134 Contributions to guaranteed banks deposits funds ⁽¹⁾ 636 1,017 997 Hyperinflation adjustment ⁽²⁾ 1,775 2,007 1,687 Other operating expense ⁽³⁾ 1,374 867 620 Total 3,951 4,042 3,438 (1) In 2024, no contributions were made to the European Single Resolution Fund (SRF) since the constitution phase of the fund has been completed. Likewise, the Deposits Guarantee Fund of Credit Institutions in Spain reached in 2023 the minimum coverage level established by the European Regulation with respect to covered deposits, so that no additional contribution was necessary for this purpose during 2024, although prior contributions are maintained. (2) For the year ended December 31, 2024 it includes €1,419 million related to Argentina and €348 million related to Turkey. For the year ended December 31, 2023 it included €1,062 million related to Argentina and €916 million related to Turkey. For the year ended December 31, 2022, it included €822 million related to Argentina and €832 million related to Turkey (see Note 2.2.18). (3) For the year ended December 2024 and 2023, it includes €285 and €215 million, respectively, 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). The change compared to 2023 is mainly as a result of higher taxes in various geographies due to increased activity.

Note 43 (Tables)

Note 43 (Tables)	12 Months Ended
	Dec. 31, 2024
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 include the following: Income and expense from insurance and reinsurance contracts (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Income from insurance and reinsurance contracts ⁽²⁾ 3,720 3,081 2,622 Expense from insurance and reinsurance contracts (2,238) (1,821) (1,547) Total 1,482 1,261 1,075 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In general, the transition 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.
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, 2024, 2023 and 2022: Net income by type of product (Millions of Euros) 2024 2023 2022 ⁽¹⁾ Life insurance 752 617 649 Individual 656 590 573 Group insurance 96 27 76 Non-Life insurance 730 643 426 Home insurance — — — Other non-life insurance products 730 643 426 Total 1,482 1,261 1,075 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 44 (Tables)

Note 44 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 ⁽¹⁾ Wages and salaries 5,937 5,068 4,310 Social security costs 1,007 834 708 Defined contribution plan expense 25 158 139 87 Defined benefit plan expense 25 51 49 42 Other personnel expense 506 440 454 Total 7,659 6,530 5,601 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
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) 2024 2023 2022 ⁽¹⁾ Technology and systems 1,732 1,512 1,391 Communications 261 219 195 Advertising 441 349 266 Property, fixtures and materials 577 520 440 Taxes other than income tax 481 451 370 Surveillance and cash courier services 255 234 214 Other expense 1,253 1,090 897 Total 5,001 4,375 3,773 (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 45 (Tables)

Note 45 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022 is as follows: Depreciation and amortization (Millions of Euros) Notes 2024 2023 2022 Tangible assets 17 972 867 818 For own use 623 547 501 Right-of-use assets 343 317 312 Investment properties and other 5 3 5 Intangible assets 18.2 561 536 510 Total 1,533 1,403 1,328

Note 46 (Tables)

Note 46 (Tables)	12 Months Ended
	Dec. 31, 2024
Provisions or reversal of provisions [Abstract]
Provisions or reversal of provisions [Table Text Block]	For the years ended December 31, 2024, 2023 and 2022, the net provisions recognized in this income statement line item were as follows: Provisions or reversal of provisions (Millions of Euros) Notes 2024 2023 2022 Pensions and other post-employment defined benefit obligations 25 3 31 (89) Commitments and guarantees given (84) 76 87 Pending legal issues and tax litigation 191 171 210 Other provisions 88 95 84 Total 198 373 291

Note 47 (Tables)

Note 47 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Financial assets at fair value through other comprehensive income - Debt securities 58 42 76 Financial assets at amortized cost 5,687 4,386 3,303 Of which: recovery of written-off assets by cash collection 7.2.5 (403) (369) (390) Total 5,745 4,428 3,379

Note 49 (Tables)

Note 49 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Tangible assets 17 (29) 16 (53) Intangible assets 15 26 25 Others 13 12 55 Total (1) 54 27

Note 50 (Tables)

Note 50 (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Gains on sale of real estate 66 64 102 Impairment of non-current assets held for sale (1) 21 (83) (42) (221) Gains (losses) on sale of investments classified as non-current assets held for sale — — 11 Gains on sale of equity instruments classified as non-current assets held for sale — — — Total (17) 22 (108) (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).

Note 51 (Tables)

Note 51 (Tables)	12 Months Ended
	Dec. 31, 2024
Consolidated statements of cash flows [Abstract]
Liabilities from financing activities [Table Text Block]	The variation between 2024, 2023 and 2022 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) 2024 2023 2022 2024 2023 2022 Balance at the beginning 68,707 55,429 55,763 15,832 12,485 14,794 Cash flows 627 13,283 (678) 3,303 3,388 (1,945) Non-cash changes 532 (5) 344 421 (40) (364) Acquisition — — — — — — Disposal — — — — — — Disposals by companies held for sale — — — — — — Foreign exchange movement 532 (5) 344 421 (40) (364) Fair value changes — — — — — — Balance at the end 69,867 68,707 55,429 19,556 15,832 12,485 (1) There were €56, €35 and €24 million of subordinated deposits as of December 31, 2024, 2023 and 2022, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €388, €345 and €313 million in 2024, 2023 and 2022, respectively. Appendix VI details the outstanding subordinated debt issued by their nominal value.

Note 52 (Tables)

Note 52 (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024, with their respective auditors and other audit entities are as follows: Fees for Audits conducted and other related services (1) (Millions of Euros) 2024 2023 2022 Audits of the companies audited by firms belonging to the EY worldwide organization and other reports related with the audit (2) 32.8 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 1.5 1.4 1.0 Fees for audits conducted by other firms 0.1 0.1 0.1 (1) Regardless of the billed year. (2) Including fees pertaining to annual legal audits (€26.0 million as of December 31, 2024).
Other services rendered [Table Text Block]	In the year ended December 31, 2024, certain entities in the BBVA Group contracted other services (other than audits) as follows: Other Services rendered (Millions of Euros) 2024 2023 2022 Firms belonging to the EY worldwide organization 0.2 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) 2024 2023 2022 Legal audit of BBVA,S.A. or its companies under control 8.5 7.9 7.6 Other audit services of BBVA, S.A. or its companies under control 5.6 5.4 5.2 Limited Review of BBVA, S.A. or its companies under control 2.0 1.9 1.4 Reports related to issuances 1.2 1.0 0.4 Assurance services and other required by the regulator 1.2 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, the branch of BBVA in London and the branch of BBVA in Frankfurt.

Note 53 (Tables)

Note 53 (Tables)	12 Months Ended
	Dec. 31, 2024
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 joint ventures and associates are as follows: Balances arising from transactions of BBVA Group entities with joint ventures and associates (Millions of Euros) 2024 2023 2022 Assets Loans and advances to credit institutions 13 5 9 Loans and advances to customers 639 791 1,842 Debt securities 4 4 7 Liabilities Deposits from credit institutions 1 — 1 Customer deposits 160 134 204 Memorandum accounts Financial guarantees given 171 177 136 Other commitments given 784 595 751 Loan commitments given 117 119 10
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 joint ventures and associates are as follows: Balances of consolidated income statement arising from transactions of BBVA Group entities with joint ventures and associates (Millions of Euros) 2024 2023 2022 Income statement Interest and other income 37 44 20 Interest expense 4 4 2 Fee and commission income 7 4 5 Fee and commission expense 55 49 40
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 December 31 of each year (thousands of Euros) 2024 2023 2022 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 2,176 210 4,664 688 531 243 5,553 727 668 1,880 6,321 764 Bank guarantees — — 10 — — — 10 — — — 10 — (1) Excluding executive directors.

Note 54 (Tables)

Note 54 (Tables)	12 Months Ended
	Dec. 31, 2024
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]	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 2024 2023 José Miguel Andrés Torrecillas 129 167 165 — — 115 — 50 625 593 Jaime Caruana Lacorte 129 167 22 107 — 31 — — 455 502 Enrique Casanueva Nárdiz (3) 107 — 44 71 — — — — 223 — Sonia Dulá 129 — 66 107 — — — — 302 223 Raúl Galamba de Oliveira 129 — — 214 — 46 43 80 512 461 Belén Garijo López 129 167 — — 36 46 — — 378 416 Connie Hedegaard Koksbang 129 — 66 — — — — — 195 173 Lourdes Máiz Carro 129 — 66 — 43 — — — 238 238 José Maldonado Ramos (4) 32 42 — — — 12 — — 85 342 Cristina de Parias Halcón (5) 107 — — — — 31 29 — 167 — Ana Peralta Moreno 129 — 66 — 43 — — — 238 238 Juan Pi Llorens (4) 32 — — 27 — 12 11 — 81 361 Ana Revenga Shanklin 129 — — 107 86 — 43 — 364 307 Susana Rodríguez Vidarte (6) — — — — — — — — — 112 Carlos Salazar Lomelín (7) 129 — — — 43 — — — 172 172 Jan Verplancke 129 — — — 43 — 43 — 214 214 Total 1,695 542 497 633 293 293 168 130 4,250 4,350 (1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2024. (2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director. (3) Director appointed by the General Shareholders' Meeting held on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. (4) Directors who left office on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. (5) Director appointed by the General Shareholders’ Meeting held on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. In addition, the director Cristina de Parias Halcón received in the 2024 and 2023 financial years, €72 thousand and €76 thousand, respectively, as per diems for her attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. Likewise, in 2024, she received €56 thousand and 14,697 BBVA shares corresponding to the deferred portion of 2018 and 2019 annual variable remuneration accrued in her former condition of BBVA’s member of Senior Management, including the update of its cash portion. In 2025, the last payment of the deferred portion of 2019 annual variable remuneration, including the update of its cash portion, is due to this director (€30 thousand and 7,593 BBVA shares). (6) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term in office in that financial year. (7) In addition, in financial years 2024 and 2023, the director Carlos Salazar Lomelín received €113 thousand and €67 thousand, respectively, as per diems for his attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. and of the strategy forum of BBVA México, S.A. de CV.
Theoretical shares [Table Text Block]	The theoretical shares allocated to non-executive directors who were beneficiaries of the remuneration system with deferred delivery of shares in the 2024 and 2023 financial years, corresponding to 20% of the total annual fixed allowance in cash received by each of them in the 2023 and 2022 financial years, respectively, were as follows: 2024 2023 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 13,407 147,455 16,023 134,048 Jaime Caruana Lacorte 11,350 106,310 17,255 94,960 Enrique Casanueva Nárdiz (2) — — — — Sonia Dulá (3) 5,042 5,042 — — Raúl Galamba de Oliveira 10,423 40,191 10,091 29,768 Belén Garijo López 9,401 110,593 10,603 101,192 Connie Hedegaard Koksbang 3,914 7,177 3,263 3,263 Lourdes Máiz Carro 5,384 76,977 7,237 71,593 José Maldonado Ramos ⁽⁴⁾ 7,735 — 10,397 146,874 Cristina de Parias Halcón ⁽²⁾ — — — — Ana Peralta Moreno 5,384 47,713 7,237 42,329 Juan Pi Llorens ⁽⁴⁾ 8,157 — 13,943 148,542 Ana Revenga Shanklin 6,947 31,161 8,035 24,214 Susana Rodríguez Vidarte ⁽⁵⁾ — — 13,648 — Carlos Salazar Lomelín 3,882 21,012 5,218 17,130 Jan Verplancke 4,851 40,623 6,521 35,772 Total 95,877 634,254 129,471 849,685 (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 General Shareholders’ Meetings of March 15, 2024 and March 17, 2023 which were €8.84 and €6.58 per share, respectively. (2) Directors appointed by the General Meeting held on March 15, 2024; accordingly, the allocation of theoretical shares is not due until 2025. (3) Director appointed by the General Meeting held on March 17, 2023; accordingly, the first allocation of theoretical shares was made in 2024. (4) Directors who left office on March 15, 2024. In application of the system, José Maldonado Ramos and Juan Pi Llorens received a total of 154,609 and 156,699 BBVA shares, respectively, after leaving office, which is equivalent to the total theoretical shares accumulated up to that date by each of them. (5) 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 was equivalent to the total theoretical shares accumulated up to that date.
Annual fixed remuneration [Table Text Block]	The remuneration of executive directors for financial years 2024 and 2023 indicated below, individually and by remuneration item, are the result of applying the BBVA Directors’ Remuneration Policy approved at the General Shareholders’ Meeting held on March 17, 2023. Annual Fixed Remuneration (thousands of Euros) 2024 2023 Chair 2,924 2,924 Chief Executive Officer 2,179 2,179 Total 5,103 5,103
Annual Variable Remuneration (AVR) [Table Text Block]	Taking into account the above, the Upfront Portion of the AVR for the financial years 2024 and 2023 of the executive directors which is due for payment once each of said financial years has ended, in equal parts in cash and BBVA shares, is indicated below. Annual Variable Remuneration (AVR) 2024 (1) 2023 (2) In cash In shares In cash In shares Chair 897 92,803 897 107,835 Chief Executive Officer 671 69,408 671 80,650 Total 1,568 162,211 1,568 188,485 (1) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares).
Deferred Annual Variable Remuneration from previous financial years [Table Text Block]	Deferred Annual Variable Remuneration (AVR) from previous financial years 2024 (1) 2023 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Chair 2023 221 38,821 — — 2022 236 56,941 229 56,941 2021 228 57,325 222 57,325 2020 0 0 0 0 2019 181 45,529 176 45,529 2018 — — 132 35,795 Subtotal 867 198,616 760 195,590 Chief Executive Officer 2023 166 29,034 — — 2022 181 43,793 176 43,793 2021 173 43,552 169 43,552 2020 0 0 0 0 2019 163 40,858 158 40,858 2018 — — — — Subtotal 683 157,237 503 128,203 Total 1,550 355,853 1,263 323,793 (1) Deferred remuneration payable after the 2024 year-end, including the update of its cash portion. Payment to the Chair and the Chief Executive Officer will take place in 2025 in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2023 Deferred AVR: the first payment of the Deferred STI (17.9% of the Deferred Portion) is due to executive directors. Thereafter, the second payment of the Deferred STI (17.9% of the Deferred Portion) and the 2023 LTI (64.2% of the Deferred Portion) will be deferred for both executive directors. The final amount of the 2023 LTI will depend on the result of the long-term indicators approved for its calculation once its measurement period has elapsed (at the end of 2026), which may range between an achievement of 0% to 150%. If the relevant conditions are met, the second payment of the Deferred STI will be made in 2026 and the three payments of the 2023 LTI will be made in 2027, 2028 and 2029. • 2022 Deferred AVR: the second payment (20% of the Deferred Portion) is due to executive directors. Thereafter, 60% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the relevant conditions are met, will be paid in 2026, 2027, and 2028. • 2021 Deferred AVR: the third payment (20% of the Deferred Portion) is due to executive directors, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. Thereafter, 40% of the 2021 Deferred AVR will be deferred for both executive directors which, if the relevant conditions are met, will be paid in 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • 2019 Deferred AVR: the third and final payment (20% of the Deferred Portion) is due to executive directors. Following this, payment to executive directors of the 2019 Deferred AVR will be completed. (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Its payment to the Chair and/or the Chief Executive Officer took place in 2024, in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment (20% of the Deferred Portion) was made to executive directors. • 2021 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • 2019 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. •
Executive directors [Table Text Block]	Pension systems (thousands of Euros) Contributions (1) Accumulated funds Retirement Death and disability 2024 2023 2024 2023 2024 2023 Chair 456 458 252 322 26,893 24,759 Chief Executive Officer — — 221 230 — — Total 456 458 472 552 26,893 24,759
Annual fixed remuneration Senior management [Table Text Block]	The remuneration of all Senior Management, excluding executive directors, for financial years 2024 and 2023, as indicated below, broken down by remuneration item, are the result of applying the BBVA Group’s General Remuneration Policy approved by the Board of Directors on March 29, 2023. Fixed remuneration (thousands of Euros) 2024 2023 Senior Management Total (1) 19,928 18,187
Annual Variable Remuneration (AVR) Senior Management [Table Text Block]	Annual Variable Remuneration (AVR) 2024 (1) 2023 (2) In cash In shares In cash In shares Senior Management Total (3) 2,272 235,016 2,229 267,628 (1) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2023 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (3) 16 members as of December 31, 2024 and 15 members as of December 31, 2023, excluding executive directors in both cases.
Deferred Annual Variable Remuneration from previous years Senior Management [Table Text Block]	Deferred Annual Variable Remuneration (AVR) from previous financial years 2024 (1) 2023 (2) Deferred AVR In cash (thousands of Euros) In shares In cash (thousands of Euros) In shares Senior Management Total (3) 2023 576 98,636 — — 2022 526 125,129 493 122,566 2021 490 119,207 457 116,528 2020 56 14,340 1,494 289,020 2019 314 77,447 303 77,447 2018 — — 139 36,454 Total 1,963 434,759 2,885 642,015 (1) Deferred remuneration payable after 2024 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who are beneficiaries will take place in 2025 in accordance with the remuneration policies applicable in each financial year and the vesting and payment rules set forth therein applicable to each member of Senior Management, based on when they became such a member: • 2023 Deferred AVR: the first payment of the Deferred STI is due to members of Senior Management. • 2022 Deferred AVR: the second payment is due to members of Senior Management. • 2021 Deferred AVR: the third payment is due to members of Senior Management, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the whole of their 2020 AVR. Without prejudice to the foregoing, the second payment of the deferred portion of a success bonus on the sale of BBVA USA is due to one member of Senior Management — an executive of BBVA USA at that time —. • 2019 Deferred AVR: the third and final payment is due to the members of Senior Management that are beneficiaries. In addition, the third and final payment of the deferred portion of a retention plan is payable to one member of Senior Management. (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who were beneficiaries took place in 2024 in accordance with the vesting and payment rules set forth in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment was made to members of Senior Management. • 2021 Deferred AVR: in 2024, the second payment was made to members of Senior Management. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the whole of their 2020 AVR. Without prejudice to the foregoing, in 2024 the deferred portion of a success bonus on the sale of BBVA USA was paid to two members of the Senior Management — who were executives of BBVA USA at that time —. In 2024, one of them received the whole of the deferred portion and the other one received the first payment of the deferred portion, in accordance with the vesting and payment rules set out in the remuneration policies applicable to each of them in that financial year. • 2019 Deferred AVR: in 2024, the second payment was made to the members of Senior Management who were beneficiaries. In addition, the second payment of the deferred portion of a retention plan was paid to a member of Senior Management. • 2018 Deferred AVR: in 2024, the third and final payment was made to the members of Senior Management who were beneficiaries.
Senior Management [Table Text Block]	Pension systems (thousands of Euros) Contributions (1) Accumulated funds Retirement Death and disability 2024 2023 2024 2023 2024 2023 Senior Management Total (2) 4,226 3,829 1,181 1,102 40,549 34,069 (1) Contributions recognized to meet pension commitments with all Senior Management in financial years 2024 and 2023, which relate to the sum of the annual retirement pension contributions and the adjustments made to the “discretionary pension benefits” for 2023 and 2022 which were included in the accumulated fund in 2024 and 2023, respectively, and to the insurance premiums paid by the Bank for death and disability contingencies. (2) 16 members as of December 31, 2024, and 15 members as of December 31, 2023, 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, 2024
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, 2024	Dec. 31, 2023		Dec. 31, 2022	[2]
Contribution to Consolidated Group total assets [Line Items]
Assets	€ 772,402	€ 775,558	[1]	€ 712,092	[1],[3]
Banking and other financial services [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	733,860	737,971		678,809
Insurance and pension and investment fund managing companies [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	34,439	34,520		30,066
Other non-financial services [Member]
Contribution to Consolidated Group total assets [Line Items]
Assets	€ 4,103	€ 3,068		€ 3,217
[1] (1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “ Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts ”).

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	€ 6,854
Maximum amount distributable	6,854
Amount of proposed interim dividend	1,671
BBVA cash balance available to the date	€ 33,530

Note 4 Allocation of earnings (

Note 4 Allocation of earnings (Details) € in Millions	Dec. 31, 2024 EUR (€)
Application of results [Line Items]
Profit or loss for the year allocation of earnings	€ 10,235
Interim dividends application of results	1,671
Dividend payables	2,363
Reserves / Acumulated gains	€ 6,200

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, 2024	Dec. 31, 2023		Dec. 31, 2022	[2]
Basic and diluted earnings per share [Line Items]
Profit (loss), attributable to owners of parent		€ 10,054	€ 8,019	[1]	€ 6,358	[1],[3]
Adjustment additional Tier 1 securities	[4]	(388)	(345)		(313)
Profit adjusted		9,666	7,675		6,045
Of which profit loss from continued operations net of remuneration of additional Tier 1 capital instruments		9,666	7,675		6,045
Of which profit from discontinued operations net of non-controlling interest		0	0		0
Weighted average number of shares outstanding		5,793	5,988		6,424
Average treasury shares		(10)	(5)		(9)
Share buyback program	[5]	(13)	(28)		(225)
Adjusted number of shares basic earnings per share C		5,769	5,954		6,189
Adjusted number of shares diluted earnings per share D		€ 5,769	€ 5,954		€ 6,189
Basic earnings (loss) per share		€ 1.68	€ 1.29		€ 0.98
Basic earnings (loss) per share from continuing operations		1.68	1.29		0.98
Diluted earnings (loss) per share from continuing operations		1.68	1.29		0.98
Basic earnings (loss) per share from discontinued operations		0	0		0
Diluted earnings (loss) per share from discontinued operations		€ 0	€ 0		€ 0
[1](2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group.[2](3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3)[3] (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts ”). (1) Remuneration in the year related to perpetual contingent convertible securities, recognized in equity (see Note 22.4).

Note 6 Total Group assets by op

Note 6 Total Group assets by operating segments (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	[1]	Dec. 31, 2022	[1],[3]
Total Assets of the Group by business segments [Line Items]
Assets	€ 772,402	€ 775,558		€ 712,092	[2]
SPAIN
Total Assets of the Group by business segments [Line Items]
Assets	417,752	457,573		427,049
MEXICO
Total Assets of the Group by business segments [Line Items]
Assets	168,470	173,489		142,557
TURKEY
Total Assets of the Group by business segments [Line Items]
Assets	82,782	68,329		66,036
South America [Member]
Total Assets of the Group by business segments [Line Items]
Assets	73,997	64,779		61,951
Rest of business [Member]
Total Assets of the Group by business segments [Line Items]
Assets	66,534	64,274		49,952
Subtotal assets by operating segments [Member]
Total Assets of the Group by business segments [Line Items]
Assets	809,536	828,445		747,545
Corporate Center And Adjustments [Member]
Total Assets of the Group by business segments [Line Items]
Assets	€ (37,134)	€ (52,886)		€ (35,453)
[1] (1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “ Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts ”).

Note 6 Main margins and profit

Note 6 Main margins and profit by operating segments (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	[1]	Dec. 31, 2022	[1],[2]
income by operating segment [Line Items]
Interest income (expense)		€ (25,267)	€ (23,089)		€ (19,124)
Gross profit		35,481	29,542		24,743
Profit (loss) before tax		15,405	12,419		10,268	[3]
Profit (loss), attributable to owners of parent		(10,054)	(8,019)		(6,358)	[4]
SPAIN
income by operating segment [Line Items]
Interest income (expense)		(6,435)	(5,620)		(3,774)
Gross profit		9,490	7,888		6,112
Profit (loss) before tax		5,309	3,897		2,610
Profit (loss), attributable to owners of parent		(3,784)	(2,720)		(1,667)
MEXICO
income by operating segment [Line Items]
Interest income (expense)		(11,556)	(11,054)		(8,378)
Gross profit		15,337	14,267		10,734
Profit (loss) before tax		7,522	7,329		5,620
Profit (loss), attributable to owners of parent		(5,447)	(5,319)		(4,131)
TURKEY
income by operating segment [Line Items]
Interest income (expense)		(1,492)	(1,869)		(2,611)
Gross profit		4,212	2,981		3,172
Profit (loss) before tax		1,741	1,324		1,636
Profit (loss), attributable to owners of parent		(611)	(527)		(505)
South America [Member]
income by operating segment [Line Items]
Interest income (expense)		(5,589)	(4,394)		(4,138)
Gross profit		5,405	4,331		4,265
Profit (loss) before tax		1,342	1,189		1,434
Profit (loss), attributable to owners of parent		(635)	(601)		(738)
Rest of business [Member]
income by operating segment [Line Items]
Interest income (expense)		(741)	(539)		(332)
Gross profit		1,458	1,103		790
Profit (loss) before tax		634	489		277
Profit (loss), attributable to owners of parent		(500)	(396)		(240)
Corporate Center And Adjustments [Member]
income by operating segment [Line Items]
Interest income (expense)	[5]	546	386		109
Gross profit	[5]	(421)	(1,029)		(329)
Profit (loss) before tax	[5]	(1,142)	(1,809)		(1,309)
Profit (loss), attributable to owners of parent	[5]	€ 924	€ 1,544		€ 922
[1](2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group.[2] (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts ”). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Adjustments include the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17).

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, 2024	Dec. 31, 2023
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		2.52%
Unemployment		11.84%
HPI		(1.61%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.13%	2.12%
Unemployment	10.97%	10.32%
HPI	3.01%	0.89%
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	3.48%	2.70%
Unemployment	8.78%	9.58%
HPI	5.55%	2.96%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	5.02%	2.55%
Unemployment	8.17%	8.81%
HPI	6.98%	2.11%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	6.65%	2.34%
Unemployment	7.64%	8.22%
HPI	7.96%	2.14%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	7.05%	2.13%
Unemployment	7.21%	7.67%
HPI	7.69%	1.88%
SPAIN | 2029
Macroeconomic variables [Line Items]
GDP	6.70%
Unemployment	6.96%
HPI	6.81%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		3.62%
Unemployment		2.80%
HPI		5.44%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.25%	3.79%
Unemployment	2.75%	3.11%
HPI	4.57%	4.98%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.48%	2.68%
Unemployment	3.04%	3.07%
HPI	4.85%	4.41%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.87%	2.67%
Unemployment	3.03%	3.04%
HPI	4.38%	4.14%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.54%	2.76%
Unemployment	2.89%	2.99%
HPI	4.82%	4.20%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.58%	2.85%
Unemployment	2.77%	2.87%
HPI	5.12%	5.09%
MEXICO | 2029
Macroeconomic variables [Line Items]
GDP	3.52%
Unemployment	2.73%
HPI	5.46%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		5.54%
Unemployment		9.31%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.25%	7.11%
Unemployment	8.79%	8.82%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	5.97%	4.33%
Unemployment	9.89%	9.86%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	8.35%	3.92%
Unemployment	9.27%	10.68%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	6.76%	3.58%
Unemployment	8.80%	10.95%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	5.88%	3.58%
Unemployment	8.81%	11.01%
TURKEY | 2029
Macroeconomic variables [Line Items]
GDP	5.51%
Unemployment	8.96%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		0.33%
Unemployment		6.85%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.12%	4.57%
Unemployment	6.59%	6.63%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	3.45%	4.22%
Unemployment	6.55%	6.54%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	4.15%	2.88%
Unemployment	6.44%	6.35%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	4.12%	2.72%
Unemployment	6.31%	6.32%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.70%	2.51%
Unemployment	6.20%	6.28%
PERU | 2029
Macroeconomic variables [Line Items]
GDP	3.57%
Unemployment	6.12%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		(1.82%)
Unemployment		8.05%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(3.66%)	0.42%
Unemployment	10.37%	9.46%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	7.37%	6.93%
Unemployment	8.67%	9.23%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	8.83%	3.13%
Unemployment	7.13%	8.34%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	8.54%	2.11%
Unemployment	5.92%	7.23%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	8.60%	2.13%
Unemployment	5.05%	6.11%
ARGENTINA | 2029
Macroeconomic variables [Line Items]
GDP	8.44%
Unemployment	4.50%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		1.59%
Unemployment		10.06%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.16%	2.80%
Unemployment	10.20%	10.99%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	4.09%	2.59%
Unemployment	10.07%	11.27%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	4.68%	3.03%
Unemployment	9.72%	11.03%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	4.23%	3.24%
Unemployment	9.11%	10.35%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	4.21%	3.42%
Unemployment	8.55%	9.90%
COLOMBIA | 2029
Macroeconomic variables [Line Items]
GDP	4.22%
Unemployment	7.95%

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, 2024	Dec. 31, 2023
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		2.36%
Unemployment		12.13%
HPI		(1.93%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.09%	1.48%
Unemployment	11.43%	11.80%
HPI	2.99%	(0.92%)
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.29%	2.47%
Unemployment	10.75%	11.20%
HPI	4.32%	1.94%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	1.69%	2.53%
Unemployment	10.35%	10.40%
HPI	2.99%	1.74%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	1.86%	2.34%
Unemployment	9.95%	9.63%
HPI	2.24%	1.69%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	1.80%	2.13%
Unemployment	9.55%	8.98%
HPI	1.61%	1.43%
SPAIN | 2029
Macroeconomic variables [Line Items]
GDP	1.80%
Unemployment	9.25%
HPI	1.41%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		3.40%
Unemployment		2.82%
HPI		5.47%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.24%	2.91%
Unemployment	2.75%	3.27%
HPI	4.57%	4.90%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	0.99%	2.41%
Unemployment	3.13%	3.25%
HPI	4.85%	4.24%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	1.64%	2.60%
Unemployment	3.25%	3.18%
HPI	4.21%	4.14%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	1.70%	2.74%
Unemployment	3.17%	3.11%
HPI	4.23%	4.18%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	1.87%	2.83%
Unemployment	3.08%	2.99%
HPI	4.36%	5.07%
MEXICO | 2029
Macroeconomic variables [Line Items]
GDP	1.87%
Unemployment	3.04%
HPI	4.55%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		4.46%
Unemployment		9.63%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.18%	3.50%
Unemployment	8.80%	10.28%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.48%	3.54%
Unemployment	10.46%	10.85%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	4.52%	3.79%
Unemployment	10.73%	11.05%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	4.18%	3.46%
Unemployment	10.58%	11.15%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	4.11%	3.46%
Unemployment	10.52%	11.20%
TURKEY | 2029
Macroeconomic variables [Line Items]
GDP	4.01%
Unemployment	10.51%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		(0.36%)
Unemployment		6.88%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.10%	1.99%
Unemployment	6.59%	6.82%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.67%	3.48%
Unemployment	6.59%	6.77%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	2.70%	2.88%
Unemployment	6.57%	6.55%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.75%	2.72%
Unemployment	6.52%	6.50%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.45%	2.51%
Unemployment	6.47%	6.46%
PERU | 2029
Macroeconomic variables [Line Items]
GDP	2.41%
Unemployment	6.42%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		(3.01%)
Unemployment		8.28%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(3.76%)	(4.04%)
Unemployment	10.38%	10.48%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	5.48%	5.95%
Unemployment	8.80%	10.15%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	4.47%	3.03%
Unemployment	7.55%	8.95%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	3.48%	1.98%
Unemployment	6.58%	7.70%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.54%	2%
Unemployment	5.85%	6.60%
ARGENTINA | 2029
Macroeconomic variables [Line Items]
GDP	3.48%
Unemployment	5.35%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		1.24%
Unemployment		10.11%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.96%	1.47%
Unemployment	10.20%	11.25%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.49%	2.33%
Unemployment	10.34%	11.56%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	3.19%	3.03%
Unemployment	10.26%	11.32%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.92%	3.24%
Unemployment	9.81%	10.60%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	2.96%	3.42%
Unemployment	9.36%	10.09%
COLOMBIA | 2029
Macroeconomic variables [Line Items]
GDP	2.99%
Unemployment	8.86%

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, 2024	Dec. 31, 2023
SPAIN | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		2.21%
Unemployment		12.40%
HPI		(2.28%)
SPAIN | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.05%	0.86%
Unemployment	11.88%	13.23%
HPI	2.97%	(2.54%)
SPAIN | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	1.18%	2.25%
Unemployment	12.71%	12.77%
HPI	3.15%	1%
SPAIN | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	(1.30%)	2.48%
Unemployment	12.50%	11.98%
HPI	(0.53%)	1.22%
SPAIN | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	(2.50%)	2.30%
Unemployment	12.24%	11.34%
HPI	(2.81%)	0.93%
SPAIN | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	(3.11%)
Unemployment	11.88%
HPI	(3.87%)
SPAIN | 2029
Macroeconomic variables [Line Items]
GDP	(2.86%)	2.09%
Unemployment	11.53%	10.57%
HPI	(3.55%)	0.67%
MEXICO | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		3.20%
Unemployment		2.85%
HPI		5.49%
MEXICO | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.20%	2.04%
Unemployment	2.75%	3.45%
HPI	4.56%	4.73%
MEXICO | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	(0.16%)	2.13%
Unemployment	3.20%	3.43%
HPI	4.86%	4.03%
MEXICO | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	(0.20%)	2.53%
Unemployment	3.43%	3.33%
HPI	4.07%	4%
MEXICO | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	0.14%	2.70%
Unemployment	3.41%	3.25%
HPI	3.76%	4.18%
MEXICO | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	0.40%
Unemployment	3.34%
HPI	3.72%
MEXICO | 2029
Macroeconomic variables [Line Items]
GDP	0.42%	2.79%
Unemployment	3.32%	3.13%
HPI	3.79%	5.07%
TURKEY | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		3.37%
Unemployment		9.94%
TURKEY | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	3.13%	(0.33%)
Unemployment	8.80%	11.73%
TURKEY | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	0.41%	2.58%
Unemployment	10.79%	11.92%
TURKEY | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	1.59%	3.71%
Unemployment	11.71%	11.43%
TURKEY | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	2.37%	3.39%
Unemployment	11.83%	11.32%
TURKEY | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	3.21%
Unemployment	11.67%
TURKEY | 2029
Macroeconomic variables [Line Items]
GDP	3.18%	3.39%
Unemployment	11.47%	11.36%
PERU | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		(1.04%)
Unemployment		6.91%
PERU | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	2.92%	(0.60%)
Unemployment	6.60%	7.03%
PERU | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	0.56%	2.73%
Unemployment	6.73%	7.02%
PERU | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	0.43%	2.88%
Unemployment	6.85%	6.77%
PERU | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	0.63%	2.72%
Unemployment	6.90%	6.71%
PERU | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	0.46%	2.51%
Unemployment	6.93%	6.66%
PERU | 2029
Macroeconomic variables [Line Items]
GDP	0.51%
Unemployment	6.95%
ARGENTINA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		(4.16%)
Unemployment		8.49%
ARGENTINA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	(3.93%)	(8.75%)
Unemployment	10.38%	11.46%
ARGENTINA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	2.46%	4.77%
Unemployment	9.02%	11.04%
ARGENTINA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	(0.60%)	2.92%
Unemployment	8.10%	9.54%
ARGENTINA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	(1.79%)	1.82%
Unemployment	7.35%	8.17%
ARGENTINA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	(1.53%)	1.85%
Unemployment	6.73%	7.08%
ARGENTINA | 2029
Macroeconomic variables [Line Items]
GDP	(1.41%)
Unemployment	6.25%
COLOMBIA | 2023 [Member]
Macroeconomic variables [Line Items]
GDP		0.87%
Unemployment		10.15%
COLOMBIA | 2024 [Member]
Macroeconomic variables [Line Items]
GDP	1.77%	0.15%
Unemployment	10.21%	11.51%
COLOMBIA | 2025 [Member]
Macroeconomic variables [Line Items]
GDP	0.30%	2.03%
Unemployment	10.68%	11.84%
COLOMBIA | 2026 [Member]
Macroeconomic variables [Line Items]
GDP	0.93%	3.03%
Unemployment	11.04%	11.59%
COLOMBIA | 2027 [Member]
Macroeconomic variables [Line Items]
GDP	1.16%	3.24%
Unemployment	10.81%	10.90%
COLOMBIA | 2028 [Member]
Macroeconomic variables [Line Items]
GDP	1.36%	3.42%
Unemployment	10.49%	10.29%
COLOMBIA | 2029
Macroeconomic variables [Line Items]
GDP	1.44%
Unemployment	10.09%

Note 7 Expected loss variation

Note 7 Expected loss variation as of december (Details)	Dec. 31, 2024	Dec. 31, 2023
Bbva group [Member] | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	1.53%	2.22%
GDP over100 bp	(1.70%)	(1.91%)
Bbva group [Member] | Retail segment
Basic point [Line Items]
GDP -100 bp	1.35%	1.88%
GDP over100 bp	(1.45%)	(1.65%)
Bbva group [Member] | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.17%	0.28%
GDP over100 bp	(0.20%)	(0.23%)
Bbva group [Member] | Debt securities [Member]
Basic point [Line Items]
GDP -100 bp	0.01%	0.02%
GDP over100 bp	(0.01%)	(0.02%)
SPAIN | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.28%	0.61%
GDP over100 bp	(0.26%)	(0.58%)
SPAIN | Retail segment
Basic point [Line Items]
GDP -100 bp	0.20%	0.47%
GDP over100 bp	(0.18%)	(0.45%)
Housing price -100 bp	0.28%	0.32%
Housing price over100 bp	(0.27%)	(0.32%)
SPAIN | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.08%	0.14%
GDP over100 bp	(0.08%)	(0.13%)
MEXICO | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.74%	0.94%
GDP over100 bp	(0.92%)	(0.89%)
MEXICO | Retail segment
Basic point [Line Items]
GDP -100 bp	0.72%	0.92%
GDP over100 bp	(0.89%)	(0.87%)
MEXICO | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.02%	0.02%
GDP over100 bp	(0.03%)	(0.02%)
TURKEY | Total portfolio [Member]
Basic point [Line Items]
GDP -100 bp	0.32%	0.22%
GDP over100 bp	(0.33%)	(0.21%)
TURKEY | Retail segment
Basic point [Line Items]
GDP -100 bp	0.27%	0.11%
GDP over100 bp	(0.21%)	(0.11%)
TURKEY | Companies [Member]
Basic point [Line Items]
GDP -100 bp	0.05%	0.09%
GDP over100 bp	(0.09%)	(0.09%)

Note 7 Maximum credit risk expo

Note 7 Maximum credit risk exposure (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Total stage [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	€ 972,990	€ 904,889	€ 815,533	[1]
Total stage [Member] | Financial assets held for trading [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	72,945	106,749	70,763	[1]
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	6,760	4,589	4,404	[1]
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	27,955	28,569	24,367	[1]
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	38,230	73,590	41,993	[1]
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	10,546	8,737	6,888	[1]
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	9,782	7,963	6,511	[1]
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	407	484	129	[1]
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	358	290	247	[1]
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	836	955	913	[1]
Total stage [Member] | Derivatives [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	53,229	48,747	53,101	[1]
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	59,115	62,289	65,497	[1]
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	1,451	1,217	1,198	[1]
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	57,639	61,047	64,273	[1]
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	25	26	26	[1]
Total stage [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	514,086	463,130	425,803	[1]
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	59,070	49,544	36,730	[1]
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	8,261	7,176	4,420	[1]
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	22,668	17,498	16,066	[1]
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	424,087	388,912	368,588	[1]
Total stage [Member] | Total financial assets risk [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	710,757	690,606	622,965	[1]
Total stage [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	262,233	214,283	192,568	[1]
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	188,515	152,868	136,920	[1]
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	22,503	18,839	16,511	[1]
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	51,215	42,577	39,137	[1]
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	55,315	60,255	63,425
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	25	26	26
Stage 1 [Member] | Financial assets at amortised cost, category [member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	467,910	410,590	378,407
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	58,887	49,403	36,463
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	8,261	7,176	4,420
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	22,658	17,478	15,997
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	378,104	336,533	321,528
Stage 1 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	253,291	204,842	181,427
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	182,830	147,376	130,459
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	21,513	17,612	15,214
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	48,948	39,854	35,753
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	2,309	771	822
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	31,930	38,061	33,873
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	149	108	237
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	8	18	69
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	31,772	37,935	33,568
Stage 2 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	8,150	8,411	9,993
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	5,524	5,326	6,283
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	798	998	1,015
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	1,828	2,087	2,695
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	16	21	26
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	14,246	14,478	13,523
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	34	32	30
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	2	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	14,211	14,444	13,493
Stage 3 [Member] | Total loan commitments and financial guarantees [Member]
Credit Exposure Classes of Financial Instruments [Line Items]
Maximum exposure to credit risk	791	1,030	1,147
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	160	165	177
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	192	229	281
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	€ 439	€ 636	€ 689
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3)

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, 2024		Dec. 31, 2023		Dec. 31, 2022	[3]
SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	€ 232,185	[1]	€ 214,522	[2]	€ 214,066	[4]
Allowance account for credit losses of financial assets	4,684	[1]	(4,593)	[2]	(4,860)	[4]
Loans and advances to customers	227,501	[1]	209,929	[2]	209,206	[4]
MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	91,717		91,086		73,729
Allowance account for credit losses of financial assets	3,055		(3,049)		(2,496)
Loans and advances to customers	88,662		88,037		71,233
TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	50,083	[5]	39,058	[6]	39,547	[7]
Allowance account for credit losses of financial assets	1,784	[5]	(1,641)	[6]	(2,105)	[7]
Loans and advances to customers	48,299	[5]	37,416	[6]	37,443	[7]
South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	48,897	[8]	43,151	[9]	40,199	[10]
Allowance account for credit losses of financial assets	2,079	[8]	(1,976)	[9]	(1,768)	[10]
Loans and advances to customers	46,818	[8]	41,175	[9]	38,431	[10]
Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,205		1,094		1,047
Allowance account for credit losses of financial assets	9		(10)		(8)
Loans and advances to customers	1,197		1,085		1,039
Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	424,087	[11]	388,912	[12]	368,588	[13]
Allowance account for credit losses of financial assets	11,611	[11]	(11,269)	[12]	(11,237)	[13]
Loans and advances to customers	412,477	[11]	377,643	[12]	357,351	[13]
Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	1,532		(1,665)		(2,164)
Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	10,079		(9,604)		(9,073)
Stage 1 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	208,969	[1]	183,503	[2]	186,977	[4]
Allowance account for credit losses of financial assets	543	[1]	(503)	[2]	(518)	[4]
Loans and advances to customers	208,426	[1]	183,000	[2]	186,459	[4]
Stage 1 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	83,053		81,619		66,448
Allowance account for credit losses of financial assets	1,210		(1,097)		(955)
Loans and advances to customers	81,843		80,522		65,494
Stage 1 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	42,708	[5]	34,105	[6]	32,755	[7]
Allowance account for credit losses of financial assets	243	[5]	(167)	[6]	(224)	[7]
Loans and advances to customers	42,465	[5]	33,938	[6]	32,531	[7]
Stage 1 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	42,204	[8]	36,237	[9]	34,312	[10]
Allowance account for credit losses of financial assets	393	[8]	(319)	[9]	(318)	[10]
Loans and advances to customers	41,811	[8]	35,918	[9]	33,994	[10]
Stage 1 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,170		1,069		1,035
Allowance account for credit losses of financial assets	0		0		0
Loans and advances to customers	1,170		1,068		1,035
Stage 1 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	378,104	[11]	336,533	[12]	321,528	[13]
Allowance account for credit losses of financial assets	2,389	[11]	(2,087)	[12]	(2,014)	[13]
Loans and advances to customers	375,715	[11]	334,446	[12]	319,513	[13]
Stage 1 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	13		(15)		(21)
Stage 1 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	2,376		(2,072)		(1,994)
Stage 2 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	15,637	[1]	22,953	[2]	19,621	[4]
Allowance account for credit losses of financial assets	631	[1]	(714)	[2]	(759)	[4]
Loans and advances to customers	15,006	[1]	22,239	[2]	18,862	[4]
Stage 2 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	6,147		6,995		5,342
Allowance account for credit losses of financial assets	542		(620)		(475)
Loans and advances to customers	5,605		6,375		4,866
Stage 2 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	5,534	[5]	3,234	[6]	4,436	[7]
Allowance account for credit losses of financial assets	390	[5]	(314)	[6]	(358)	[7]
Loans and advances to customers	5,144	[5]	2,920	[6]	4,078	[7]
Stage 2 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	4,431	[8]	4,738	[9]	4,166	[10]
Allowance account for credit losses of financial assets	283	[8]	(377)	[9]	(345)	[10]
Loans and advances to customers	4,148	[8]	4,362	[9]	3,821	[10]
Stage 2 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	23		15		3
Allowance account for credit losses of financial assets	1		(1)		0
Loans and advances to customers	22		14		3
Stage 2 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	31,772	[11]	37,935	[12]	33,568	[13]
Allowance account for credit losses of financial assets	1,847	[11]	(2,026)	[12]	(1,938)	[13]
Loans and advances to customers	29,925	[11]	35,909	[12]	31,629	[13]
Stage 2 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	321		(471)		(604)
Stage 2 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	1,526		(1,555)		(1,334)
Stage 3 [Member] | SPAIN
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	7,579	[1]	8,066	[2]	7,468	[4]
Allowance account for credit losses of financial assets	3,510	[1]	(3,375)	[2]	(3,583)	[4]
Loans and advances to customers	4,069	[1]	4,690	[2]	3,885	[4]
Stage 3 [Member] | MEXICO
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	2,517		2,472		1,939
Allowance account for credit losses of financial assets	1,303		(1,332)		(1,066)
Loans and advances to customers	1,214		1,140		873
Stage 3 [Member] | TURKEY
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	1,841	[5]	1,719	[6]	2,356	[7]
Allowance account for credit losses of financial assets	1,151	[5]	(1,160)	[6]	(1,523)	[7]
Loans and advances to customers	690	[5]	559	[6]	833	[7]
Stage 3 [Member] | South America [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	2,262	[8]	2,176	[9]	1,721	[10]
Allowance account for credit losses of financial assets	1,403	[8]	(1,280)	[9]	(1,105)	[10]
Loans and advances to customers	860	[8]	896	[9]	615	[10]
Stage 3 [Member] | Other Countries [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk	12		11		9
Allowance account for credit losses of financial assets	7		(8)		(7)
Loans and advances to customers	4		2		2
Stage 3 [Member] | Total maximum credit risk exposures [Member]
Maximum Exposure to Credit Risk [Line Items]
Maximum exposure to credit risk			14,444	[12]	13,493	[13]
Allowance account for credit losses of financial assets	7,374	[11]	(7,156)	[12]	(7,284)	[13]
Loans and advances to customers	6,837	[11]	7,287	[12]	6,208	[13]
Stage 3 [Member] | Of which individual [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	1,197		(1,179)		(1,539)
Stage 3 [Member] | Of which collective [Member]
Maximum Exposure to Credit Risk [Line Items]
Allowance account for credit losses of financial assets	€ 6,177		€ (5,977)		€ (5,745)
[1] (1) Spain includes all countries where BBVA, S.A. operates. (1) Spain includes all countries where BBVA, S.A. operates. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Spain includes all countries where BBVA, S.A. operates. (2) Turkey includes all countries in which Garanti BBVA operates. (2) Turkey includes all countries in which Garanti BBVA operates. (3) Turkey includes all countries in which Garanti BBVA operates. (3) 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) 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 relevant instruments or value corrections are made 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.

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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	€ (22,133)	€ (23,294)	€ (20,922)
Allowance account for credit losses of financial assets	23	29	30
Loans and advances to customers	22,111	23,265	20,892
Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(17,524)	(13,271)	(12,802)
Allowance account for credit losses of financial assets	26	20	37
Loans and advances to customers	17,497	13,251	12,765
Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(197,521)	(175,337)	(170,929)
Allowance account for credit losses of financial assets	4,134	4,274	5,495
Loans and advances to customers	193,386	171,063	165,433
Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(186,910)	(177,009)	(163,936)
Allowance account for credit losses of financial assets	7,427	6,946	5,675
Loans and advances to customers	179,483	170,063	158,261
Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(424,087)	(388,912)	(368,588)
Allowance account for credit losses of financial assets	11,611	11,269	11,237
Loans and advances to customers	412,477	377,643	357,351
Stage 1 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(21,982)	(23,105)	(20,582)
Allowance account for credit losses of financial assets	8	9	8
Loans and advances to customers	21,974	23,096	20,574
Stage 1 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(17,040)	(13,072)	(12,548)
Allowance account for credit losses of financial assets	13	9	15
Loans and advances to customers	17,027	13,062	12,533
Stage 1 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(179,727)	(154,519)	(149,501)
Allowance account for credit losses of financial assets	639	517	675
Loans and advances to customers	179,087	154,002	148,826
Stage 1 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(159,355)	(145,837)	(138,896)
Allowance account for credit losses of financial assets	1,729	1,552	1,316
Loans and advances to customers	157,627	144,285	137,580
Stage 1 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(378,104)	(336,533)	(321,528)
Allowance account for credit losses of financial assets	2,389	2,087	2,014
Loans and advances to customers	375,715	334,446	319,513
Stage 2 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(125)	(164)	(302)
Allowance account for credit losses of financial assets	7	12	11
Loans and advances to customers	118	152	291
Stage 2 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(471)	(187)	(238)
Allowance account for credit losses of financial assets	5	4	12
Loans and advances to customers	467	183	226
Stage 2 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(12,780)	(15,299)	(15,087)
Allowance account for credit losses of financial assets	636	795	991
Loans and advances to customers	12,143	14,503	14,096
Stage 2 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(18,396)	(22,286)	(17,941)
Allowance account for credit losses of financial assets	1,199	1,214	925
Loans and advances to customers	17,197	21,071	17,017
Stage 2 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(31,772)	(37,935)	(33,568)
Allowance account for credit losses of financial assets	1,847	2,026	1,938
Loans and advances to customers	29,925	35,909	31,629
Stage 3 [Member] | Public administration [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(26)	(25)	(38)
Allowance account for credit losses of financial assets	8	7	11
Loans and advances to customers	18	18	27
Stage 3 [Member] | Other financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(12)	(12)	(17)
Allowance account for credit losses of financial assets	9	7	10
Loans and advances to customers	4	6	6
Stage 3 [Member] | Non financial corporations [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(5,014)	(5,520)	(6,340)
Allowance account for credit losses of financial assets	2,859	2,962	3,829
Loans and advances to customers	2,156	2,558	2,511
Stage 3 [Member] | Households [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(9,158)	(8,886)	(7,098)
Allowance account for credit losses of financial assets	4,499	4,180	3,434
Loans and advances to customers	4,659	4,706	3,663
Stage 3 [Member] | Loans and advances to customers [Member]
Maximum credit risk exposure to customers [Line Items]
Maximum exposure to credit risk	(14,211)	(14,444)	(13,493)
Allowance account for credit losses of financial assets	7,374	7,156	7,284
Loans and advances to customers	€ 6,837	€ 7,287	€ 6,208
[1](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3

Note 7 Loans and advances break

Note 7 Loans and advances breakdown by counterparty and product (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	€ 5,307	€ 3,040	€ 4,101
Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	27,721	22,890	18,898
Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	31,764	25,171	26,011
Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	10,125	9,463	8,571
Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,420	7,223	5,655
Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	347,102	322,683	302,118
Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	12,330	12,116	12,702
Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	443,769	402,586	378,056
Of which mortagage loans collateralized by immovable property [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	127,860	122,397	119,659
Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	29,861	26,671	20,345
Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	67,446	59,892	51,344
Of which lending for house purchase [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	98,570	97,555	95,249
Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6,669	7,181	7,942
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	0	1,345	302
Central banks [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,803	4,878	3,802
Central banks [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	452	927	296
Central banks [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	8,255	7,151	4,401
Central banks [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	0	1,347	498
General government [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	8	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	1
General government [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,077	960	1,021
General government [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	171	225	195
General government [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	219	0	0
General government [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	20,519	21,662	19,438
General government [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	117	412	232
General government [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	22,111	23,265	20,892
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	245	271	297
General government [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6,059	6,933	5,382
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	71	76	24
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	9,157	5,786	5,251
credit institutions [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	7,529	5,329	4,009
credit institutions [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	5,960	6,312	6,772
credit institutions [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	22,719	17,502	16,057
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	9,628	4,558	5,073
Other financial corporations [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	59	73	352
Other financial corporations [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	3	2	3
Other financial corporations [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,244	586	370
Other financial corporations [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	11	12	13
Other financial corporations [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	44	92	102
Other financial corporations [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	11,771	9,300	7,995
Other financial corporations [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	4,365	3,186	3,930
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	17,497	13,251	12,765
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	680	526	337
Other financial corporations [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	530	465	548
Non financial corporations [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	3,140	1,933	2,810
Non financial corporations [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	2,268	1,927	2,029
Non financial corporations [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	29,247	23,462	24,510
Non financial corporations [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,672	8,940	8,040
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	148,167	134,024	126,949
Non financial corporations [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	1,084	956	1,256
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	193,579	171,241	165,593
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	29,307	24,829	23,970
Non financial corporations [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	10,996	10,938	6,635
Non financial corporations [Member] | Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	6,669	7,181	7,942
Households [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	2,099	1,028	933
Households [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	25,449	20,959	16,865
Households [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	125	88	85
Households [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	270	285	322
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	151,313	147,491	139,925
Households [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	353	324	217
Households [Member] | Total loans and advances by products [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	179,610	170,175	158,348
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	97,627	96,772	95,056
Households [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	2,648	2,430	2,209
Households [Member] | Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	67,446	59,892	51,344
Households [Member] | Of which lending for house purchase [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	98,570	97,555	95,249
Gross Carrying Amount [Member] | On demand [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	5,521	3,175	4,266
Gross Carrying Amount [Member] | Credit card debt [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	29,669	24,454	19,985
Gross Carrying Amount [Member] | Commercial debtors [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	32,023	25,346	26,254
Gross Carrying Amount [Member] | Finance leases [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	10,364	9,714	8,857
Gross Carrying Amount [Member] | Reverse repurchase loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	9,422	7,234	5,674
Gross Carrying Amount [Member] | Other term loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	356,002	331,813	311,553
Gross Carrying Amount [Member] | Advances that are not loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	12,397	12,164	12,758
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	455,399	413,901	389,347
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	130,633	125,328	122,719
Gross Carrying Amount [Member] | Of which other collateralized loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	30,129	26,963	20,675
Gross Carrying Amount [Member] | Of which credit for consumption [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	72,447	64,303	54,718
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	100,218	99,224	96,716
Gross Carrying Amount [Member] | Of which project finance loans [Member]
Breakdown by counterparty and product [Line Items]
Loans and advances by counterparty and product	€ 6,901	€ 7,743	€ 8,530
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 7 Impaired loans and advan

Note 7 Impaired loans and advances at amortized cost covered by collateral (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	€ 201,433	€ 189,602	€ 166,013
Maximum exposure to credit risk [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	14,213	14,446	13,493
Of which secured by collateral [Member] | Residential property [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	2,889	3,167	2,537
Of which secured by collateral [Member] | Commercial property [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	573	771	849
Of which secured by collateral [Member] | Cash as collateral [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	8	5	3
Of which secured by collateral [Member] | Other [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	91	91	52
Of which secured by collateral [Member] | Financial [Member]
Impaired financial assets at amortised cost [Line Items]
Impaired financial assets at amortised cost	€ 1,153	€ 1,226	€ 984

Note 7 Guarantees Received (Det

Note 7 Guarantees Received (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Guarantees received [Line Items]
Impaired financial assets at amortised cost	€ 201,433	€ 189,602	€ 166,013
Value of collateral [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	144,844	136,141	125,963
Value of collateral [Member] | Of which guarantees normal risks under special monitoring [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	11,318	14,274	12,826
Value of collateral [Member] | Of which guarantees non performing risks [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	3,562	4,035	3,440
Value of other guarantees [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	56,589	53,462	40,050
Value of other guarantees [Member] | Of which guarantees normal risks under special monitoring [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	4,273	4,864	4,963
Value of other guarantees [Member] | Of which guarantees non performing risks [Member]
Guarantees received [Line Items]
Impaired financial assets at amortised cost	€ 1,153	€ 1,226	€ 984

Note 7 Probability of default o

Note 7 Probability of default of loans and advances to customers (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Subject to 12 month ECL [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	94.50%	92.40%	92.30%
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	3.20%	3.80%	5.50%
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	9%	10.70%	19.40%
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	17.10%	25.40%	19.90%
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	29.70%	21.70%	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	23.50%	20.60%	18.40%
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	10.20%	8.70%	9%
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	1.20%	1%	1%
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	0.70%	0.50%	0.50%
Subject to lifetime ECL [Member]
Disclosure of probability of default [Line Items]
Probability of default of loans and advances to customers	5.50%	7.60%	7.70%
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%	0.10%
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%	0.20%	0.30%
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%	0.50%	0.70%
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	0.60%	1.30%	0.80%
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	1.70%	2.10%	1.90%
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	1.60%	2.20%	2.50%
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	0.50%	0.60%	0.70%
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	0.90%	0.80%	0.80%
[1](1) Data corresponding to the year 2022, 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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	€ 455,016	€ 413,585	€ 389,073
Impaired loans and advances at amortized cost	14,213	14,446	13,493
Central banks [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	8,261	7,176	4,420
Impaired loans and advances at amortized cost	0	0	0
Accumulated impairment	(6)	(25)	(19)
General government [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	22,133	23,294	20,922
Impaired loans and advances at amortized cost	26	25	38
Accumulated impairment	(23)	(29)	(30)
credit institutions [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	22,668	17,498	16,066
Impaired loans and advances at amortized cost	2	2	0
Accumulated impairment	(13)	(21)	(35)
Other financial institutions [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	17,524	13,271	12,802
Impaired loans and advances at amortized cost	12	12	17
Accumulated impairment	(26)	(20)	(37)
Non financial corporations [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	197,521	175,337	170,929
Impaired loans and advances at amortized cost	5,014	5,520	6,340
Accumulated impairment	(4,134)	(4,274)	(5,495)
Households [Member]
Impaired secured loans risks [Line Items]
Loans and advances at amortised cost, gross carrying amount	186,910	177,009	163,936
Impaired loans and advances at amortized cost	9,158	8,886	7,098
Accumulated impairment	€ (7,427)	€ (6,946)	€ (5,675)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Changes in impaired assets and guarantees given [Line Items]
Impaired financial assets and guarantees given at the beginning		€ 15,362	€ 14,521	€ 15,467
Additions Of Impaired Assets		12,255	11,066	8,084
Decrease of impaired assets	[1]	(7,346)	(5,795)	(5,742)
Increase (decrease) in financial assets		4,909	5,272	2,342
Decrease through write-off, financial assets		(4,559)	(3,770)	(2,771)
Increase (decrease) through foreign exchange and other movements, financial assets		(820)	(660)	(517)
Impaired financial assets and guarantees given at the end		€ 14,891	€ 15,362	€ 14,521
[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, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ 24,787	€ 22,595	€ 21,990
Companies held for sale		0	0	0
Increase impaired financial assets written off from the balance sheet		3,547	3,841	2,871
Decrease impaired financial assets written off from the balance sheet		(2,801)	(2,035)	(2,431)
Re-financing or restructuring		(1)	(1)	(2)
Gain on recovery of loans and advances previously written off		(403)	(369)	(390)
Decrease foreclosed assets		(1)	(3)	(25)
Decrease sales	[1]	(1,719)	(1,201)	(1,498)
Decrease debt forgiveness		(669)	(410)	(368)
Decrease time barred debt and other causes		(8)	(51)	(147)
Net exchange differences written off		(189)	385	165
Financial assets written off during reporting period and still subject to enforcement activity, contractual amount outstanding		€ 25,343	€ 24,787	€ 22,595
[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, 2024	Dec. 31, 2023		Dec. 31, 2022
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		€ 413,585	€ 389,073	[1]
Gross carrying amount loans and advances at amortized cost		455,016	413,585		€ 389,073	[1]
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		413,585	389,073		349,037
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		58,952	31,764		40,522
Becoming write offs		(3,594)	(3,150)		(2,530)
Methodological changes and adoption of new standards	[2]	(672)
Net foreign exchange loss		(15,203)	(3,838)		2,004
Increase (decrease) through other movements, financial assets		144	401		140
Other impairment losses		1,131	(665)		573
Gross carrying amount loans and advances at amortized cost		455,016	413,585		389,073
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		361,186	341,944		300,167
Transfers of financial assets		(4,032)	(11,647)		(5,041)
Transfers from stage 1 to stage 2		(11,840)	(18,172)		(12,726)
Transfers from stage 2 to stage 1		9,830	7,639		8,537
Transfers to stage 3		(3,260)	(3,203)		(1,941)
Transfers from stage 3		1,238	2,089		1,089
Net annual origination of financial assets		64,222	34,334		44,465
Becoming write offs		(333)	(186)		(63)
Methodological changes and adoption of new standards	[2]	(672)
Net foreign exchange loss		(13,508)	(2,833)		2,447
Increase (decrease) through other movements, financial assets		29	(60)		(2)
Other impairment losses		1,460	(365)		643
Gross carrying amount loans and advances at amortized cost		409,023	361,186		341,944
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		37,953	33,636		34,213
Transfers of financial assets		1,625	10,463		3,914
Transfers from stage 1 to stage 2		11,840	18,172		12,726
Transfers from stage 2 to stage 1		(9,830)	(7,639)		(8,537)
Transfers to stage 3		(1,949)	(2,297)		(1,831)
Transfers from stage 3		1,564	2,226		1,556
Net annual origination of financial assets		(6,378)	(5,233)		(4,201)
Becoming write offs		(112)	(76)		(35)
Methodological changes and adoption of new standards	[2]	0
Net foreign exchange loss		(1,137)	(635)		18
Increase (decrease) through other movements, financial assets		78	(16)		29
Other impairment losses		(250)	(187)		(301)
Gross carrying amount loans and advances at amortized cost		31,780	37,953		33,636
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		14,446	13,493		14,657
Transfers of financial assets		2,407	1,184		1,128
Transfers from stage 1 to stage 2		0	0		0
Transfers from stage 2 to stage 1		0	0		0
Transfers to stage 3		5,208	5,500		3,773
Transfers from stage 3		(2,801)	(4,316)		(2,645)
Net annual origination of financial assets		1,108	2,663		258
Becoming write offs		(3,149)	(2,889)		(2,432)
Methodological changes and adoption of new standards	[2]	0
Net foreign exchange loss		(557)	(369)		(461)
Increase (decrease) through other movements, financial assets		36	476		113
Other impairment losses		(78)	(112)		231
Gross carrying amount loans and advances at amortized cost		€ 14,213	€ 14,446		€ 13,493
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023		Dec. 31, 2022
Changes in allowances of loans and advances at amortised cost [Line Items]
Gross carrying amount loans and advances at amortized cost	€ 413,585	€ 389,073	[1]
Gross carrying amount loans and advances at amortized cost	455,016	413,585		€ 389,073	[1]
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	(11,316)	(11,291)		(11,142)
Transfers of financial assets	(3,031)	(2,790)		(1,473)
Transfers from stage 1 to stage 2	(594)	(563)		(287)
Transfers from stage 2 to stage 1	275	210		283
Transfers to stage 3	(3,259)	(2,734)		(1,662)
Transfers from stage 3	548	297		193
Net annual origination of allowances	(2,174)	(846)		(1,342)
Becoming write offs	3,337	3,071		2,106
Net foreign exchange loss	1,613	160		161
Increase (decrease) through other movements, financial assets	(304)	(252)		(112)
Other impairment losses	246	631		511
Gross carrying amount loans and advances at amortized cost	(11,630)	(11,316)		(11,291)
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	(2,131)	(2,065)		(1,990)
Transfers of financial assets	105	73		63
Transfers from stage 1 to stage 2	103	118		110
Transfers from stage 2 to stage 1	(53)	(113)		(91)
Transfers to stage 3	93	81		51
Transfers from stage 3	(38)	(13)		(7)
Net annual origination of allowances	(1,059)	(466)		(406)
Becoming write offs	321	147		186
Net foreign exchange loss	325	(52)		(87)
Increase (decrease) through other movements, financial assets	3	3		0
Other impairment losses	30	229		168
Gross carrying amount loans and advances at amortized cost	(2,406)	(2,131)		(2,065)
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	(2,026)	(1,942)		(2,091)
Transfers of financial assets	(370)	(336)		33
Transfers from stage 1 to stage 2	(697)	(681)		(397)
Transfers from stage 2 to stage 1	327	323		374
Transfers to stage 3	146	120		204
Transfers from stage 3	(146)	(97)		(148)
Net annual origination of allowances	10	(148)		(273)
Becoming write offs	107	71		30
Net foreign exchange loss	213	44		248
Increase (decrease) through other movements, financial assets	35	49		48
Other impairment losses	183	235		64
Gross carrying amount loans and advances at amortized cost	(1,848)	(2,026)		(1,942)
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	(7,158)	(7,284)		(7,061)
Transfers of financial assets	(2,766)	(2,527)		(1,570)
Transfers from stage 1 to stage 2	0	0		0
Transfers from stage 2 to stage 1	0	0		0
Transfers to stage 3	(3,498)	(2,935)		(1,917)
Transfers from stage 3	732	408		347
Net annual origination of allowances	(1,125)	(232)		(663)
Becoming write offs	2,909	2,853		1,890
Net foreign exchange loss	1,075	169		0
Increase (decrease) through other movements, financial assets	(342)	(304)		(160)
Other impairment losses	33	167		279
Gross carrying amount loans and advances at amortized cost	€ (7,375)	€ (7,158)		€ (7,284)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 7 Sensitivity to interest

Note 7 Sensitivity to interest rate and credit spread analysis (Details)	12 Months Ended
	Dec. 31, 2024		Dec. 31, 2023
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]	[0.5% , 1.5%]	[2]
Percentage impact on net economic value	[-2.5% , -1.5%]	[3]	[-0.5% , 0.5%]	[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]
Percentage impact on net economic value	[0.5% , 1.5%]	[3]	[-0.5% , 0.5%]	[4]
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]
Percentage impact on net economic value	[0.5% , 1.5%]	[3]	[0.5% , 1.5%]	[4]
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]
Percentage impact on net economic value	[-1.5% , -0.5%]	[3]	[-1.5% , -0.5%]	[4]
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]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
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]
Percentage impact on net economic value	[-0.5% , 0.5%]	[3]	[-0.5% , 0.5%]	[4]
Bbva group [Member] | 100 basis point increase [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[1.5% , 2.5%]	[1]	[1.5% , 3.5%]	[2]
Percentage impact on net economic value	[-3.5% , -2.5%]	[3]	[-1.5% , -0.5%]	[4]
Percentage impact on net economic value credit spread	[-1.5% , -0.5%]	[3]	[-1.5% , -0.5%]	[4]
Bbva group [Member] | 100 basis point decrease [Member]
Market risk sensitivity analysis [Line Items]
Percentage impact on net interest income	[-3.5% , -2.5%]	[1]	[-3.5% , -1.5%]	[2]
Percentage impact on net economic value	[2.5% , 3.5%]	[3]	[0.5% , 1.5%]	[4]
[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.

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Mexico, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	€ 27.8	€ 25.8	€ 19.1
Turkey, New Lira
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	3.3	4.4	3.5
Peru, Nuevos Soles
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	1.4	0.9	0.7
Chile, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	0.2	0.2	0.4
Colombia, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	0.4	1	0.9
Argentina, Pesos
Sensitivity 1 foreign currency [Line Items]
Sensitivity to one percent main currencies	€ 1.8	€ 1.3	€ 1.9

Note 7 VaR by Risk factor (Deta

Note 7 VaR by Risk factor (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	€ 37	€ 31	€ 27
VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	50	42	36
VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	28	19	19
End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	34	36	29
Interest spread risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	41	36	33
Interest spread risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	55	43	35
Interest spread risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	33	23	25
Interest spread risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	37	41	32
Currency risk [member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	7	8	8
Currency risk [member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	10	6	12
Currency risk [member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	7	9	10
Currency risk [member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	5	6	13
Stock market risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	2	2	3
Stock market risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	2	17	2
Stock market risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	2	0	2
Stock market risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	2	4	7
Vega Correlation risk [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	6	7	7
Vega Correlation risk [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	7	8	11
Vega Correlation risk [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	6	9	11
Vega Correlation risk [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1]	4	8	5
Diversification effect [Member] | VaR average in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(20)	(22)	(23)
Diversification effect [Member] | VaR max in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(23)	(33)	(24)
Diversification effect [Member] | VaR min in the year [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	(19)	(23)	(28)
Diversification effect [Member] | End of period VaR [Member]
VaR by risk factor [Line Items]
VaR by risk factor	[1],[2]	€ (14)	€ (23)	€ (28)
[1](1) The maximum and minimum VaR figures show the VaR figures for the day on which said maximum and minimum VaRs occurred in the relevant year, by type of risk.[2](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, 2024 EUR (€)
Europe [Member]
Impact of the stress test [Line Items]
Expected shortfall	€ (132)
MEXICO
Impact of the stress test [Line Items]
Expected shortfall	(66)
PERU
Impact of the stress test [Line Items]
Expected shortfall	(25)
VENEZUELA
Impact of the stress test [Line Items]
Expected shortfall	0
ARGENTINA
Impact of the stress test [Line Items]
Expected shortfall	(29)
COLOMBIA
Impact of the stress test [Line Items]
Expected shortfall	(3)
TURKEY
Impact of the stress test [Line Items]
Expected shortfall	€ (10)

Note 7 Effect offsetting for de

Note 7 Effect offsetting for derivatives and securities operation (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Classes of assets [Domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		€ 110,924	€ 124,869	€ 99,465
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		27,759	8,866	10,554
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		83,165	116,003	88,911
Financial instruments gross amount not offset in the consolidated balance sheets		73,405	105,151	78,088
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		9,566	9,532	9,824
Net amount	[1]	194	1,320	998
Classes of liabilities [domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		131,818	149,456	106,149
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		27,759	8,866	10,554
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		104,059	140,590	95,594
Financial instruments gross amount not offset in the consolidated balance sheets		95,943	132,274	83,729
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		7,658	7,013	9,576
Net amount	[1]	458	1,303	2,290
Derivatives [member] | Classes of assets [Domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		45,523	44,641	52,354
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		8,362	8,866	10,554
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		37,161	35,775	41,800
Financial instruments gross amount not offset in the consolidated balance sheets		27,446	25,171	31,019
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		9,566	9,532	9,824
Net amount	[1]	148	1,072	957
Derivatives [member] | Classes of liabilities [domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		43,924	44,536	51,767
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		8,362	8,866	10,554
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		35,562	35,670	41,213
Financial instruments gross amount not offset in the consolidated balance sheets		27,446	27,354	31,028
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		7,658	7,013	8,990
Net amount	[1]	458	1,303	1,195
Reverse repurchase securities borrowing and similar agreements [Member] | Classes of assets [Domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		65,401	80,227	47,111
Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		19,397	0	0
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		46,005	80,227	47,111
Financial instruments gross amount not offset in the consolidated balance sheets		45,959	79,980	47,069
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		0	0	0
Net amount	[1]	46	248	41
Repurchase securities lending and similar agreements [Member] | Classes of liabilities [domain]
Effect of offsetting for derivatives and securities operation [Line Items]
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements		87,893	104,920	54,382
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements		19,397	0	0
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position		68,497	104,920	54,382
Financial instruments gross amount not offset in the consolidated balance sheets		68,497	104,920	52,701
Cash collateral received pledged gross amount not offset in the consolidated balance sheets		0	0	586
Net amount	[1]	€ 0	€ 0	€ 1,095
[1](1) It corresponds to the aggregation of the net amounts presented in the balance sheet, less the gross amount which is not offset in the balance sheet, corresponding to each Group entity that records a deficit in this regard

Note 7 LtSCD by LMU (Details)

Note 7 LtSCD by LMU (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
LtSCD by LMU [Line Items]
Average LtSCD by LMU	102%	99%	96%
BBVA SA [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	101%	100%	98%
BBVA Mexico [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	115%	102%	98%
Garanti BBVA group [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	90%	78%	83%
Other LMU [Member]
LtSCD by LMU [Line Items]
Average LtSCD by LMU	99%	104%	96%

Note 7 LCR main LMU (Details)

Note 7 LCR main LMU (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
LCR main LMU [Line Items]
Average LCR main LMU	134%	149%	159%
BBVA SA [Member]
LCR main LMU [Line Items]
Average LCR main LMU	156%	178%	186%
BBVA Mexico [Member]
LCR main LMU [Line Items]
Average LCR main LMU	146%	192%	199%
Garanti BBVA group [Member]
LCR main LMU [Line Items]
Average LCR main LMU	141%	212%	185%

Note 7 Liquidity available by i

Note 7 Liquidity available by instrument (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 16,004	€ 43,931	€ 48,271
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	50,199	31,606	33,081
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	194	919	3,450
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	3,762	2,916	3,471
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	46,537	44,324	22,708
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	11	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	116,706	123,696	110,981
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	12,001	9,712	12,865
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	8,783	20,345	13,974
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	327	246	47
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	159	132	35
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	598	469	467
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	21,869	30,903	27,388
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	10,344	9,899	6,731
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	6,402	6,117	9,165
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	816	398	285
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	17,562	16,414	16,181
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	8,101	5,921	5,265
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	8,749	8,429	7,836
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	31	0	1
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	926	753	1,035
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	€ 17,806	€ 15,102	€ 14,136

Note 7 NSFR main LMU (Details)

Note 7 NSFR main LMU (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
NSFR main LMU [Line Items]
Average NSFR main LMU	127%	131%	135%
BBVA SA [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	119%	120%	125%
BBVA Mexico [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	131%	140%	143%
Garanti BBVA group [Member]
NSFR main LMU [Line Items]
Average NSFR main LMU	149%	178%	166%

Note 7 Residual maturities by c

Note 7 Residual maturities by contractual periods (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 11,125	€ 10,353	€ 9,227
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	0	3
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	0	99
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	0	1
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	2,600	2,092	2,176
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	6,950	8,507	7,392
On demand [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	318,252	304,096	302,667
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	0
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	38,087	61,678	66,497
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	5,246	4,676	3,870
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	2,677	1,288	2,199
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	34,310	42,407	31,049
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	34,605	28,644	24,622
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	2,861	2,167	4,031
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	2,484	1,187	1,841
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	6,070	3,669	7,885
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	9,247	5,526	5,760
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	50,789	44,745	38,951
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	74,614	86,908	51,638
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	(388)	(21)	(253)
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	541	393	319
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	1,642	1,261	1,012
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	10,594	21,683	5,743
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	38,547	30,850	32,009
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	2,741	6,011	4,107
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	4,816	3,889	4,434
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	476	1,076	628
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	2,466	2,806	1,465
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	23,758	16,225	18,542
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	14,093	30,028	14,543
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	(73)	(30)	24
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	1,165	543	433
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	970	1,049	746
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	5,025	6,890	3,368
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	29,770	28,239	25,622
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	6,084	2,633	8,200
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	5,536	8,518	1,050
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	644	715	806
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	1,584	1,036	464
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	11,580	11,855	6,776
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	5,452	6,107	17,736
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	(142)	6	(1,010)
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	647	594	434
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	929	385	516
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	1,911	3,398	1,432
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	16,928	16,434	14,827
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	2,531	2,578	4,305
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	3,347	4,935	3,148
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	130	119	56
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	922	834	379
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	3,888	3,905	2,575
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	2,355	2,274	866
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	70	(62)	(23)
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	918	602	468
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	1,130	649	344
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	3,138	2,596	1,127
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	19,715	19,029	16,766
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	5,922	11,950	4,746
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	3,685	4,225	2,017
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	732	605	694
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	503	841	758
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	4,329	5,500	2,870
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	4,157	1,821	1,503
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	142	(267)	175
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	861	602	242
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	1,577	2,019	971
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	5,782	3,319	4,582
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	44,537	41,267	41,049
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	20,625	15,266	18,417
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	8,517	10,296	6,318
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	558	795	648
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	1,256	1,033	700
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	2,055	1,753	1,476
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	2,223	2,630	8,136
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	549	69	40
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	351	136	183
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	1,526	965	816
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	3,675	3,817	1,354
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	34,618	32,769	32,510
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	20,053	14,016	8,744
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	11,386	7,990	9,423
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	242	46	211
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	477	618	293
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	569	1,029	1,276
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	366	1,111	1,524
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	(122)	45	(153)
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	33	24	6
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	1,369	974	551
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	3,008	2,133	2,400
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	51,469	45,116	43,828
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	21,972	29,245	23,307
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	7,530	11,175	13,282
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	570	198	396
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	433	695	594
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	834	758	798
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	1,454	2,060	3,493
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	5	(135)	(466)
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	41	102	83
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	681	1,291	830
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	122	139	289
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	105,649	104,086	96,201
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	44,850	34,558	31,480
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	28,306	22,424	18,145
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	743	695	399
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	742	638	727
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	787	1,092	273
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	445	677	575
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	(87)	(2,616)	(3,717)
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	49,212	72,031	75,724
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	9,805	7,672	6,040
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	12,502	9,882	7,988
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	67,565	86,382	51,343
Total [Member] | loans and advances [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	375,837	346,433	327,534
Total [Member] | Securities portfolio settlement [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial assets liquidity risk	127,640	118,424	107,338
Total [Member] | Wholesale funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	75,608	74,639	59,658
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	12,765	10,011	13,899
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	24,581	22,535	18,532
Total [Member] | Customer deposits [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	416,841	390,959	376,203
Total [Member] | Security pledge funding [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	105,159	133,615	100,013
Total [Member] | Derivatives net [Member]
Disclosure of maturity analysis for financial instruments held for managing liquidity risk [Line Items]
Financial liabilities liquidity risk	€ (46)	€ (3,009)	€ (5,383)

Wholesale financing transaction

Wholesale financing transactions carried out by group operations (Details) € in Millions	Dec. 31, 2024 EUR (€)
Jan-24 [Member] | 3.875% [Member] | Jan-34 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Senior preferred	€ 1,250
Feb-24 [Member] | 4.875% [Member] | Nov-30 to Feb-31 [Member] | Feb-36 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Tier 2	1,250
Mar-24 [Member] | 5.831% [Member] | Mar-29 [Member] | United States of America, Dollars
Type of Issue [Line Items]
Senior preferred	1,000
Mar-24 [Member] | 6.033% [Member] | Mar-34 [Member] | Mar-35 [Member] | United States of America, Dollars
Type of Issue [Line Items]
Senior non-preferred	1,000
Mar-24 [Member] | 3.500% [Member] | Mar-31 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Senior (Tranche 1)- Green bond	1,000
Jun-24 [Member] | 3 month Euribor rate + 45 basis points [Member] | Jun-27 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Senior preferred	1,000
Jun-24 [Member] | 3.625% [Member] | Jun-30 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Senior preferred	750
Jun-24 [Member] | 6.875% [Member] | Dec-30 to Jun-31 [Member] | Perpetual [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
AT 1 (CoCo)	750
Aug-24 [Member] | 4.375% [Member] | May-31 to Aug-31 [Member] | Aug-36 [Member] | Euro Member Countries, Euro
Type of Issue [Line Items]
Tier 2	€ 1,000

Note 7 Encumbered and unencumbe

Note 7 Encumbered and unencumbered asstes (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Book value [Member] | Total assets encumbered and unencumbered [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	€ 68,268	€ 78,586	€ 92,916
Unencumbered assets	704,134	696,972	619,177
Book value [Member] | equity instruments [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	834	592	819
Unencumbered assets	17,159	13,176	11,293
Book value [Member] | Debt securities [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	43,404	51,458	33,533
Unencumbered assets	102,333	88,976	92,665
Book value [Member] | Loans and advances and other [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	24,030	26,535	58,563
Unencumbered assets	584,641	594,821	515,218
Market value [Member] | equity instruments [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	834	592	819
Unencumbered assets	17,159	13,176	11,293
Market value [Member] | Debt securities [Member]
Encumbered and unencumbered assets [Line Items]
Encumbered assets	45,639	50,818	32,291
Unencumbered assets	€ 102,333	€ 88,976	€ 92,665

Note 7 Collateral pledges recei

Note 7 Collateral pledges received (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Collateral received [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	€ 40,877	€ 73,836	€ 40,701
Fair value of collateral received or own debt securities issued available for encumbrance	14,917	14,825	9,415
Fair value of collateral received or own debt securities issued nor available for encumbrance	1,151	996	1,279
equity instruments [Member]
Collateral pledges received [Line Items]
Fair value of encumbered collateral received or own debt securities issued	215	1,019	323
Fair value of collateral received or own debt securities issued available for encumbrance	162	51	759
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	40,663	72,817	40,378
Fair value of collateral received or own debt securities issued available for encumbrance	14,754	14,774	8,656
Fair value of collateral received or own debt securities issued nor available for encumbrance	1,151	996	1,279
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	66	74	92
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, 2024	Dec. 31, 2023	Dec. 31, 2022
Book value of financial liabilities [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	€ 109,833	€ 151,766	€ 122,400
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	107,067	149,853	128,628
Derivatives [member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	17,047	15,895	15,950
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	14,698	13,756	16,699
Deposits sources of encumbrance
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	84,604	126,777	95,728
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	81,938	126,543	99,077
Outstanding subordinated debt [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	8,182	9,094	10,722
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	10,431	9,554	12,852
Other [Member]
Financial liabilities issued encumbered assets [Line Items]
Matching liabilities contingent liabilities or securities lent	1,141	1,066	731
Assets Collateral Received And Own Debt Securities Issued Other Than Covered Bonds Encumbered	€ 2,079	€ 2,568	€ 4,989

Note 8 Fair value of financial

Note 8 Fair value of financial instruments by levels (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Financial instruments assets and liabilities [Line Items]
Current financial assets at fair value through profit or loss, classified as held for trading		€ 108,948	€ 141,042	€ 110,671
Derivative financial assets held for trading		36,003	34,293	39,908
Equity instruments held at fair value through profit or loss, classified as held for trading		6,760	4,589	4,404
Debt instruments held for trading		27,955	28,569	24,367
Loans and advances at fair value through profit or loss, classified as held for trading		38,230	73,590	41,993
Financial assets at fair value through profit or loss, mandatorily measured at fair value		10,546	8,737	6,888
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		9,782	7,963	6,511
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		407	484	129
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		358	290	247
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		836	955	913
Debt securities at fair value through profit or loss		836	955	913
Financial assets at fair value through other comprehensive income		59,002	62,205	65,374
Investments in equity instruments designated at fair value through other comprehensive income		1,451	1,217	1,198
Debt securities at fair value through other comprehensive income	[2]	57,526	60,963	64,150	[3]
Loans and advances to credit institutions at fair value through other comprehensive income		25	26	26
Derivative financial assets held for hedging		1,158	1,482	1,891
Financial liabilities at fair value through profit or loss that meet definition of held for trading		86,591	121,715	95,611
Derivative financial liabilities held for trading		33,059	33,045	37,909
Short positions held for trading		13,878	15,735	13,487
Deposits at fair value through profit or loss that meet definition of held for trading		39,654	72,935	44,215
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		14,952	13,299	10,580
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		934	717	700
Debt securities at fair value through profit or loss		4,597	3,977	3,288
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		9,420	8,605	6,592
Derivative financial liabilities held for hedging		2,503	2,625	3,303
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		26,332	21,972	22,710
Derivative financial assets held for trading		969	144	795
Equity instruments held at fair value through profit or loss, classified as held for trading		6,602	4,494	4,369
Debt instruments held for trading		18,762	17,333	16,284
Loans and advances at fair value through profit or loss, classified as held for trading		0	0	1,262
Financial assets at fair value through profit or loss, mandatorily measured at fair value		8,511	7,028	5,720
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		8,309	6,742	5,457
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		202	286	19
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		0	0	245
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		774	908	913
Debt securities at fair value through profit or loss		774	908	913
Financial assets at fair value through other comprehensive income		50,354	52,987	53,248
Investments in equity instruments designated at fair value through other comprehensive income		1,157	1,026	1,040
Debt securities at fair value through other comprehensive income		49,173	51,961	52,182
Loans and advances to credit institutions at fair value through other comprehensive income		25	0	26
Derivative financial assets held for hedging		0	0	4
Financial liabilities at fair value through profit or loss that meet definition of held for trading		14,308	14,133	20,611
Derivative financial liabilities held for trading		1,118	191	746
Short positions held for trading		13,189	13,942	13,354
Deposits at fair value through profit or loss that meet definition of held for trading		0	0	6,511
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Debt securities at fair value through profit or loss		0	0	0
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Derivative financial liabilities held for hedging		0	0	100
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		80,323	116,905	85,636
Derivative financial assets held for trading		34,591	33,880	38,140
Equity instruments held at fair value through profit or loss, classified as held for trading		76	24	0
Debt instruments held for trading		8,438	11,081	7,934
Loans and advances at fair value through profit or loss, classified as held for trading		37,218	71,921	39,562
Financial assets at fair value through profit or loss, mandatorily measured at fair value		617	493	151
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		107	72	40
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		173	132	111
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		336	288	0
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		62	47	0
Debt securities at fair value through profit or loss		62	47	0
Financial assets at fair value through other comprehensive income		7,515	8,335	11,537
Investments in equity instruments designated at fair value through other comprehensive income		79	52	58
Debt securities at fair value through other comprehensive income		7,436	8,258	11,479
Loans and advances to credit institutions at fair value through other comprehensive income		0	26	0
Derivative financial assets held for hedging		1,158	1,482	1,887
Financial liabilities at fair value through profit or loss that meet definition of held for trading		71,072	106,382	73,871
Derivative financial liabilities held for trading		31,400	32,111	36,161
Short positions held for trading		673	1,750	133
Deposits at fair value through profit or loss that meet definition of held for trading		38,999	72,520	37,577
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		12,865	11,073	8,990
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		934	717	700
Debt securities at fair value through profit or loss		2,511	1,751	1,698
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		9,420	8,605	6,592
Derivative financial liabilities held for hedging		2,480	2,586	3,179
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		2,292	2,165	2,325
Derivative financial assets held for trading		443	269	974
Equity instruments held at fair value through profit or loss, classified as held for trading		83	71	34
Debt instruments held for trading		756	155	148
Loans and advances at fair value through profit or loss, classified as held for trading		1,011	1,669	1,169
Financial assets at fair value through profit or loss, mandatorily measured at fair value		1,418	1,216	1,017
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		1,365	1,148	1,014
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		31	66	0
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading		21	2	3
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Debt securities at fair value through profit or loss		0	0	0
Financial assets at fair value through other comprehensive income		1,133	883	589
Investments in equity instruments designated at fair value through other comprehensive income		216	139	100
Debt securities at fair value through other comprehensive income		917	745	489
Loans and advances to credit institutions at fair value through other comprehensive income		0	0	0
Derivative financial assets held for hedging		0	0	0
Financial liabilities at fair value through profit or loss that meet definition of held for trading		1,211	1,201	1,129
Derivative financial liabilities held for trading		541	743	1,002
Short positions held for trading		15	44	0
Deposits at fair value through profit or loss that meet definition of held for trading		656	415	127
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		2,087	2,227	1,590
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Debt securities at fair value through profit or loss		2,087	2,227	1,590
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently		0	0	0
Derivative financial liabilities held for hedging		€ 23	€ 39	€ 25
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024
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] | Components of equity [domain]
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] | Components of equity [domain]
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, 2024
Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [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 at fair value through profit or loss that meet definition of held for trading, category [member] | Deposits valuation techniques
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 at fair value through profit or loss that meet definition of held for trading, category [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 at fair value through profit or loss that meet definition of held for trading, category [member] | Components of equity [domain]
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 at fair value through profit or loss that meet definition of held for trading, category [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 at fair value through profit or loss that meet definition of held for trading, category [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 at fair value through profit or loss that meet definition of held for trading, category [member] | Commodities [Member]
Financial liabilities at fair value by levels [Line Items]
Valuation techniques	Commodities: Momentum adjustment and discounted cash flows
Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [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] | Components of equity [domain]
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, 2024	Dec. 31, 2023	Dec. 31, 2022
Bottom of range [member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	0%	0%	0%
Recovery rate	0%	0%	0%
Bottom of range [member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	0%	0%	2%
Bottom of range [member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	2.09%	2.26%	0.71%
Bottom of range [member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	19%	26%	26%
Bottom of range [member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility	0	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%)	(88.00%)	(93.00%)
Volatility	5,070,000	8,470,000	7,810,000
Bottom of range [member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	3,930,000	4,310,000	5,320,000
Bottom of range [member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(3.00%)	(3.00%)	(0.25%)
Correlation rate credit	(100.00%)	(100.00%)	(100.00%)
Correlation rate/inflation	42%	52%	51%
Arithmetic Average [Member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	11,300,000,000%	13,600,000,000%	11,100,000,000%
Recovery rate	39%	39%	39%
Arithmetic Average [Member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	95%	99%	94%
Arithmetic Average [Member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	3.70%	3.74%	3.48%
Arithmetic Average [Member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	59%	60%	44%
Arithmetic Average [Member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility	0	0	0
Arithmetic Average [Member] | Equity derivatives [Member] | Option models on equities baskets of equity funds [Member]
Significant unobservable inputs [Line Items]
Correlations	48%	52%	59%
Volatility	30,900,000	29,410,000	32,620,000
Arithmetic Average [Member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	9,460,000	10,240,000	11,930,000
Arithmetic Average [Member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(5.00%)	(5.00%)	(2.00%)
Correlation rate/inflation	74%	60%	66%
Top of range [member] | Debt securities [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Credit spread	390,700,000,000%	436,900,000,000%	153,800,000,000%
Recovery rate	40%	40%	40%
Top of range [member] | Debt securities [Member] | Comparable pricing [Member]
Significant unobservable inputs [Line Items]
Comparable prices inputs	233%	237%	139%
Top of range [member] | loans and advances [Member] | Present value method [Member]
Significant unobservable inputs [Line Items]
Repo funding curve	7.11%	5.76%	5.52%
Top of range [member] | Credit derivatives [Member] | Gaussian copula [Member]
Significant unobservable inputs [Line Items]
Correlation default	92%	85%	58%
Top of range [member] | Credit derivatives [Member] | Black 76 [Member]
Significant unobservable inputs [Line Items]
Price volatility	0	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	122,350,000	70,940,000	98,710,000
Top of range [member] | FX derivatives [Member] | Option models on FX underlyings [Member]
Significant unobservable inputs [Line Items]
Volatility	14,910,000	18,520,000	20,730,000
Top of range [member] | IR derivatives [Member] | Option models on IR underlyings [Member]
Significant unobservable inputs [Line Items]
Beta (significant unobservable inputs)	(11.00%)	(11.00%)	(18.00%)
Correlation rate credit	100%	100%	100%
Correlation rate/inflation	95%	74%	76%

Note 8 Financial instruments le

Note 8 Financial instruments level 3 Changes in the year (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022	[1]
Classes of assets [Domain]
Financial instruments level 3 Changes in the year [Line Items]
Financial instruments level 3 total		€ 4,264	€ 3,931	[1]	€ 5,301
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, assets	[2]	490	(7)		289
Changes in fair value not recognized in profit and loss		29	21		(62)
Acquisitions disposals and liquidations		397	27		(783)
Net transfers to level 3		(330)	289		(750)
Exchange differences and others		(6)	3		(64)
Financial instruments level 3 total		4,843	4,264		3,931
Classes of liabilities [domain]
Financial instruments level 3 Changes in the year [Line Items]
Financial instruments level 3 total		3,467	2,743	[1]	2,054
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, liabilities	[2]	144	113		(131)
Changes in fair value not recognized in profit and loss		0	(1)		14
Acquisitions disposals and liquidations		(59)	374		782
Net transfers to level 3		(165)	204		74
Exchange differences and others		(67)	34		(50)
Financial instruments level 3 total		€ 3,321	€ 3,467		€ 2,743
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 8 Transfer between levels

Note 8 Transfer between levels (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 107	€ 596	€ 524
Transfers into Level 3 of fair value hierarchy, liabilities	0	3	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	107	596	524
Transfers into Level 3 of fair value hierarchy, liabilities	0	3	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	115	887	683
Transfers into Level 3 of fair value hierarchy, assets	0	34	1
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	68	1	0
Transfers into Level 3 of fair value hierarchy, assets	14	135	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	1,425	1,191	1,723
Transfers into Level 3 of fair value hierarchy, assets	17	21	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, 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	1,608	2,079	2,407
Transfers into Level 3 of fair value hierarchy, assets	31	190	1
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	461	36	239
Transfers out of level 2 into level 3	45	177	141
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	301	660	221
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	0	25
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	461	36	239
Transfers out of level 2 into level 3	346	837	387
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	1,238	89	1,909
Transfers out of level 2 into level 3	78	666	340
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	1	0	243
Transfers out of level 2 into level 3	0	70	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	1	0	123
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	1,348	1,296	715
Transfers out of level 2 into level 3	12	205	0
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	2,586	1,385	2,990
Transfers out of level 2 into level 3	90	941	340
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	11	1	0
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	380	372	258
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	121	262	55
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	11	1	0
Transfers out of level 3 into level 2 of fair value hierarchy liabilities	501	635	313
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	16	0	24
Transfers out of level 3 into level 2 of fair value hierarchy assets	199	497	911
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	35	0	53
Transfers out of level 3 into level 2 of fair value hierarchy assets	18	0	2
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	13	103	18
Transfers out of level 3 into level 2 of fair value hierarchy assets	170	243	83
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	64	103	95
Transfers out of level 3 into level 2 of fair value hierarchy assets	€ 387	€ 740	€ 996

Note 8 Financial instruments _2

Note 8 Financial instruments level 3 sensitivity analysis (Details) - EUR (€) € in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets at fair value through other comprehensive income	€ (59,002,000)	€ (62,205,000)	€ (65,374,000)
Potential impact on consolidated income statement [Member] | Most favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	48,000	21,000
Non trading financial assets mandatorily at fair value through profit or loss	9,000	5,000
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	57,000	26,000
Financial liabilities held for trading	12,000	13,000
Financial liabilities level 3 total	12,000	13,000
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	4,000	2,000
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	37,000	9,000
Non trading financial assets mandatorily at fair value through profit or loss	3,000	3,000
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	0
Non trading financial assets mandatorily at fair value through profit or loss	6,000	2,000
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	6,000	9,000
Potential impact on consolidated income statement [Member] | Least favorable hypothesis [Member]
Financial assets Level 3 sensitivity analysis [Line Items]
Financial assets held for trading	(89,000)	(117,000)
Non trading financial assets mandatorily at fair value through profit or loss	(85,000)	(114,000)
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	(173,000)	(230,000)
Financial liabilities held for trading	(13,000)	(18,000)
Financial liabilities level 3 total	(13,000)	(18,000)
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	(4,000)	(2,000)
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	(61,000)	(22,000)
Non trading financial assets mandatorily at fair value through profit or loss	(7,000)	(21,000)
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	(17,000)	(83,000)
Non trading financial assets mandatorily at fair value through profit or loss	(78,000)	(92,000)
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	(6,000)	(9,000)
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	(48,000)	(34,000)
Financial assets level 3 total	48,000	34,000
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	(90,000)	(89,000)
Financial assets level 3 total	(90,000)	(89,000)
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 Note 1.3).

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, 2024		Dec. 31, 2023		Dec. 31, 2022	[1]	Dec. 31, 2021
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	€ 51,145		€ 75,416		€ 79,756		€ 67,799
Financial assets at amortised cost	502,400		451,732		414,421	[2]
Debt instruments held at amortised cost	59,014		49,462		36,639	[2],[3],[4]
Loans and advances at amortised cost	443,386		402,270		377,782
Financial liabilities at amortised cost	584,339		557,589		529,172	[5]
Deposits at amortised cost	496,720		473,835		459,662
Debt instruments issued at amortised cost	69,867		68,707		55,429	[5]
Other financial liabilities	17,753		15,046		14,081	[5],[6]
Carrying amount presented as fair value [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	51,145	[7]	75,416	[8]	79,756	[9]
Financial assets at amortised cost	32,615	[7]	34,826	[8]	33,953	[9]
Debt instruments held at amortised cost	0	[7]	0	[8]	0	[9]
Loans and advances at amortised cost	32,615	[7]	34,826	[8]	33,953	[9]
Financial liabilities at amortised cost	378,530	[7]	358,657	[8]	380,520	[9]
Deposits at amortised cost	360,777	[7]	343,611	[8]	369,387	[9]
Debt instruments issued at amortised cost	0	[7]	0	[8]	0	[9]
Other financial liabilities	17,753	[7]	15,046	[8]	11,132	[9]
Level 1 Of Fair Value Hierarchy [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	0		0		0
Financial assets at amortised cost	50,771		41,950		26,239
Debt instruments held at amortised cost	50,771		41,950		26,239
Loans and advances at amortised cost	0		0		0
Financial liabilities at amortised cost	47,323		42,742		40,752
Deposits at amortised cost	0		1,269		2,810
Debt instruments issued at amortised cost	47,323		41,472		37,942
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
Financial assets at amortised cost	24,157		10,533		10,580
Debt instruments held at amortised cost	6,589		6,244		9,313
Loans and advances at amortised cost	17,568		4,290		1,267
Financial liabilities at amortised cost	58,016		86,390		43,205
Deposits at amortised cost	37,647		62,049		35,965
Debt instruments issued at amortised cost	20,369		24,341		7,240
Other financial liabilities	0		0		0
Level 3 Of Fair Value Hierarchy [Member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	0		0		0
Financial assets at amortised cost	394,496		359,062		342,194
Debt instruments held at amortised cost	921		759		759
Loans and advances at amortised cost	393,575		358,303		341,435
Financial liabilities at amortised cost	101,025		68,127		61,118
Deposits at amortised cost	98,038		64,601		49,731
Debt instruments issued at amortised cost	2,986		3,526		8,368
Other financial liabilities	0		0		3,019
Aggregate of fair values [member]
Fair value of financial instruments at amortized cost by levels [Line Items]
Cash and cash equivalents	51,145		75,416		79,756
Financial assets at amortised cost	502,039		446,371		412,965
Debt instruments held at amortised cost	58,281		48,952		36,311
Loans and advances at amortised cost	443,759		397,418		376,655
Financial liabilities at amortised cost	584,894		555,915		525,595
Deposits at amortised cost	496,461		471,530		457,894
Debt instruments issued at amortised cost	70,679		69,339		53,550
Other financial liabilities	€ 17,753		€ 15,046		€ 14,151
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments. (1) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments. (2) Financial instruments whose book value is presented as an approximation to their fair value, mainly short-term financial instruments.

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, 2024	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Cash Cash balances at central banks and other demand deposits [Line Items]
Cash		€ 8,636	€ 7,751	€ 6,533
Cash and bank balances at central banks	[1]	35,306	60,750	67,314
Other financial assets		7,202	6,916	5,909
Cash and cash equivalents		€ 51,145	€ 75,416	€ 79,756	[2]	€ 67,799
[1] (1) The variation is mainly due to the evolution of the balances held in the Bank of Spain. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 10 Financial assets and li

Note 10 Financial assets and liabilities held for trading (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial instruments held for trading [Line Items]
Derivative financial assets held for trading		€ 36,003	€ 34,293	€ 39,908	[1]
Equity instruments held at fair value through profit or loss, classified as held for trading		6,760	4,589	4,404	[1]
Debt instruments held for trading		27,955	28,569	24,367	[1]
Loans and advances at fair value through profit or loss, classified as held for trading		38,230	73,590	41,993	[1]
Loans and advances to central banks held for trading		556	2,809	1,632
Loans and advances to credit institutions held for trading		20,938	56,599	25,231
loans and advances to customers held for trading		16,736	14,182	15,130
Current financial assets at fair value through profit or loss, classified as held for trading		108,948	141,042	110,671	[1]
Derivative financial liabilities held for trading		33,059	33,045	37,909	[1]
Short positions held for trading		13,878	15,735	13,487	[1]
Deposits financial liabilities held for trading		39,654	72,935	44,215
Deposits from central banks held for trading		3,360	6,397	3,950
Deposits from credit institutions held for trading		16,285	43,337	28,924
Customer deposits held for trading		20,010	23,201	11,341
Financial liabilities at fair value through profit or loss that meet definition of held for trading		86,591	121,715	95,611	[1]
Reverse repurchase agreements [Member]
Disclosure of financial instruments held for trading [Line Items]
Loans and advances to central banks held for trading		556	2,809	1,632
Loans and advances to credit institutions held for trading	[2]	20,918	56,569	25,201
loans and advances to customers held for trading		15,108	13,615	14,832
Repurchase agreement [Member]
Disclosure of financial instruments held for trading [Line Items]
Deposits from central banks held for trading		3,360	6,397	3,950
Deposits from credit institutions held for trading	[2]	15,994	42,676	28,573
Customer deposits held for trading		19,913	23,157	11,302
credit institutions [Member]
Disclosure of financial instruments held for trading [Line Items]
Equity instruments held at fair value through profit or loss, classified as held for trading		393	277	317
Other sectors [Member]
Disclosure of financial instruments held for trading [Line Items]
Equity instruments held at fair value through profit or loss, classified as held for trading		6,367	4,312	4,086
Issued by central banks [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		768	740	821
Issued by public administrations [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		23,671	24,766	20,703
Issued by financial institutions [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		1,665	1,824	1,365
Other debt instruments [Member]
Disclosure of financial instruments held for trading [Line Items]
Debt instruments held for trading		€ 1,852	€ 1,239	€ 1,477
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	€ 36,003	€ 34,293	€ 39,908	[1]
Derivative financial liabilities held for trading	33,059	33,045	37,909	[1]
Interest rate risk [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	11,588	15,251	19,563
Derivative financial liabilities held for trading	9,627	13,171	18,220
Notional amount	4,951,022	4,741,629	4,286,531
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	11,579	15,248	19,558
Derivative financial liabilities held for trading	9,622	13,167	18,215
Notional amount	4,930,657	4,722,314	4,278,249
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	10	3	5
Derivative financial liabilities held for trading	4	4	5
Notional amount	20,365	19,315	8,282
Equity instruments risk [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	2,944	2,587	3,067
Derivative financial liabilities held for trading	4,303	3,723	3,770
Notional amount	75,045	70,804	76,749
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	682	1,212	1,810
Derivative financial liabilities held for trading	2,347	2,551	2,127
Notional amount	38,612	49,038	52,739
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	2,261	1,375	1,257
Derivative financial liabilities held for trading	1,956	1,172	1,643
Notional amount	36,433	21,767	24,010
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	21,060	15,911	16,971
Derivative financial liabilities held for trading	18,704	15,608	15,528
Notional amount	825,158	632,780	589,705
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	21,056	15,889	16,954
Derivative financial liabilities held for trading	18,698	15,590	15,505
Notional amount	810,770	623,203	580,850
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	4	22	17
Derivative financial liabilities held for trading	7	18	23
Notional amount	14,388	9,577	8,855
Credit risk [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	386	543	299
Derivative financial liabilities held for trading	375	542	383
Notional amount	42,799	31,478	43,450
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	349	540	293
Derivative financial liabilities held for trading	369	528	282
Notional amount	40,847	29,844	41,760
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	37	3	7
Derivative financial liabilities held for trading	0	14	101
Notional amount	1,952	1,475	1,665
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	6	0	0
Notional amount	0	159	25
Commodities risk [Member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	25	1	9
Derivative financial liabilities held for trading	50	1	8
Notional amount	1,939	169	60
Derivatives [member]
Derivatives by type of risk by product or by type of market [Line Items]
Derivative financial assets held for trading	36,003	34,293	39,908
Derivative financial liabilities held for trading	33,059	33,045	37,909
Notional amount	5,895,964	5,476,860	4,996,495
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	26,039	23,998	28,385
Derivative financial liabilities held for trading	23,135	23,977	26,454
Notional amount	1,742,720	1,463,433	1,205,895
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	3,383	5,042	5,745
Derivative financial liabilities held for trading	4,212	4,412	4,493
Notional amount	3,914,640	3,815,162	3,587,546
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	4,306	3,854	4,501
Derivative financial liabilities held for trading	3,744	3,461	5,290
Notional amount	€ 166,402	€ 147,310	€ 161,882
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Non trading financial assets at fair value through profit or loss mandatorily measured at fair value [Line Items]
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	€ 9,782	€ 7,963	€ 6,511
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	407	484	129
Loans and advances to customers at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	358	290	247
Financial assets at fair value through profit or loss, mandatorily measured at fair value	€ 10,546	€ 8,737	€ 6,888
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 12 Financial Instruments D

Note 12 Financial Instruments Designated At Fair Value Through Profit Or Loss (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Financial assets and liabilities designated at fair value through profit or loss [Line Items]
Debt securities at fair value through profit or loss	€ 836	€ 955	€ 913
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently	934	717	700
Debt securities at fair value through profit or loss	4,597	3,977	3,288
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	9,420	8,605	6,592
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	€ 14,952	€ 13,299	€ 10,580
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 13 Financial assets at fai

Note 13 Financial assets at fair value through other comprehensive income (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ 1,451	€ 1,217	€ 1,198	[1]
Debt securities at fair value through other comprehensive income	[2]	57,526	60,963	64,150	[1],[3]
Loans and advances to credit institutions at fair value through other comprehensive income		25	26	26	[1]
Financial assets at fair value through other comprehensive income		59,002	62,205	65,374	[1]
of which loss allowances of debt securities		€ (112)	€ (84)	€ (123)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 1,451	€ 1,217	€ 1,198	[1]
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	1,231	1,098	1,098
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	1,100	987	960
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	131	111	138
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	27	33	31
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	79	52	44
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	9	6	7
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	17	20	56
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	220	119	100
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	46	12	12
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	€ 174	€ 106	€ 87
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income	[1]	€ 57,526	€ 60,963	€ 64,150	[3]
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		11,475	15,111	18,779
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		10,383	13,757	17,429
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		695	901	854
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		397	454	495
MEXICO
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		20,461	21,714	16,819
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		19,313	20,364	15,452
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		759	886	777
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		389	464	590
UNITED STATES
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		6,552	6,344	5,202
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		3,703	3,174	2,716
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		41	88	93
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		2,808	3,082	2,393
TURKEY
Financial assets at fair value through other comprehensive income debt securities [Line Items]
Debt securities at fair value through other comprehensive income		2,849	2,459	3,858
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		2,837	2,445	3,858
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		12	14	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		16,190	15,336	19,493
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		10,059	8,961	10,340
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		370	508	3,094
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		1,921	1,895	2,167
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		3,840	3,971	3,892
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		€ 46,052	€ 45,852	€ 45,372
[1](1) During financial years 2024 and 2023, there have been no significant reclassifications from the heading “Financial assets at fair value through other comprehensive income” to other headings or from other headings to “Financial assets at fair value through other comprehensive income”. In 2022, it includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 in 2022 (see Note 1.3).[2](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3)[3] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income	[1]	€ 57,526	€ 60,963	€ 64,150	[2],[3]
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		€ 1,370	€ 1,000	€ 3,339
Percentage of debt securities by rating		2.40%	1.60%	5.20%
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		€ 4,170	€ 3,685	€ 490
Percentage of debt securities by rating		7.20%	6%	0.80%
BBVA AA Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 261	€ 384	€ 420
Percentage of debt securities by rating		0.50%	0.60%	0.70%
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		€ 1,061	€ 642	€ 501
Percentage of debt securities by rating		1.80%	1.10%	0.80%
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		€ 905	€ 1,798	€ 3,866
Percentage of debt securities by rating		1.60%	3%	6%
BBVA A Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 2,007	€ 1,747	€ 1,725
Percentage of debt securities by rating		3.50%	2.90%	2.70%
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		€ 12,018	€ 16,009	€ 20,350
Percentage of debt securities by rating		20.90%	26.30%	31.70%
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		€ 19,897	€ 22,854	€ 17,252
Percentage of debt securities by rating		34.60%	37.50%	26.90%
BBVA BBB Rating [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 9,212	€ 8,327	€ 7,470
Percentage of debt securities by rating		16%	13.70%	11.60%
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		€ 922	€ 858	€ 1,111
Percentage of debt securities by rating		1.60%	1.40%	1.70%
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		€ 5,227	€ 3,480	€ 7,366
Percentage of debt securities by rating		9.10%	5.70%	11.50%
Unclassified [Member]
Avaiable for sale financial assets debt securities by rating [Line Items]
Debt securities at fair value through other comprehensive income		€ 474	€ 178	€ 258
Percentage of debt securities by rating		0.80%	0.30%	0.40%
[1](1) During financial years 2024 and 2023, there have been no significant reclassifications from the heading “Financial assets at fair value through other comprehensive income” to other headings or from other headings to “Financial assets at fair value through other comprehensive income”. In 2022, it includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 in 2022 (see Note 1.3).[2](1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3)[3] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 13 Other comprehensive inc

Note 13 Other comprehensive income Changes in gains or losses (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022	[2]
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	€ (357)	€ (809)	[1],[2]	€ 1,274
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)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	(576)	(357)		(809)	[1]
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	(905)	(1,112)		(1,194)	[1]
Debt securities [Member]
Financial assets at fair value throught other comprehensive income [Line Items]
Valuation gains and losses	(568)	659		(3,049)
Amounts transferred to income	247	5		20
Income tax and other	101	(211)		946
equity instruments [Member]
Financial assets at fair value throught other comprehensive income [Line Items]
Valuation gains and losses	228	80		(112)
Amounts transferred to reserves	0	2		(2)
Income tax and other	€ (20)	€ (1)		€ (1)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14 Financial assets at amo

Note 14 Financial assets at amortised cost (Details) - EUR (€) € in Millions	Dec. 31, 2024		Dec. 31, 2023	Dec. 31, 2022	[2]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	€ 59,014		€ 49,462	€ 36,639	[1],[3],[4]
Loans and advances to central banks at amortised cost	8,255		7,151	4,401
Loans and advances to banks	22,655		17,477	16,031
Loans and advances to customers	412,477		377,643	357,351	[5]
Financial assets at amortised cost	502,400		451,732	414,421	[4]
Central banks [Member]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	6		22	21
Government [member]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	54,806		45,124	34,648
Loans and advances to customers	22,111		23,265	20,892
credit institutions [Member]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	2,459		2,366	400
Other financial corporations [Member]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	451		923	602
Loans and advances to customers	17,497		13,251	12,765
Non financial corporations [Member]
Financial assets at amortised cost [Line Items]
Debt instruments held at amortised cost	1,292		1,027	967
Loans and advances to customers	193,386		171,063	165,433
Reverse repurchase agreements [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to banks	9,157		5,786	5,251
Other loans and advances [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to banks	13,497		11,690	10,780
Other [Member]
Financial assets at amortised cost [Line Items]
Loans and advances to customers	179,483		170,063	158,261
Of which impaired assets of loans and advances to customers [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost	14,211	[6]	14,444	13,493
Of which loss allowances of loans and advances [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost	11,630		11,316	11,291
Of which loss allowances of debt securities [Member]
Financial assets at amortised cost [Line Items]
Financial assets at amortised cost	€ 57		€ 82	€ 91
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14 Debt securities at amor

Note 14 Debt securities at amortized cost (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	€ 59,014	€ 49,462	€ 36,639	[2],[3],[4]
Domestic debt securities [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	37,130	27,114	18,541
Domestic debt securities [Member] | Government [member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	35,664	25,857	18,397
Domestic debt securities [Member] | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	1,099	1,028	0
Domestic debt securities [Member] | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	367	230	144
MEXICO
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	4,139	6,277	4,222
MEXICO | Government [member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	4,076	6,205	4,198
MEXICO | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	63	72	24
MEXICO | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	0	0	0
UNITED STATES
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	2,505	2,229	2,215
UNITED STATES | Government [member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	2,463	2,188	2,159
UNITED STATES | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	20	19	25
UNITED STATES | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	22	21	31
TURKEY
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	6,764	6,284	5,332
TURKEY | Government [member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	6,622	6,167	5,325
TURKEY | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	7	8	6
TURKEY | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	135	109	0
Other Countries [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	8,476	7,558	6,328
Other Countries [Member] | Government [member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	5,982	4,707	4,568
Other Countries [Member] | Central banks [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	6	22	21
Other Countries [Member] | credit institutions [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	1,269	1,239	345
Other Countries [Member] | Other issuers [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	1,219	1,591	1,394
Foreign debt securities [Member]
Debt securities at amortized cost [Line Items]
Debt instruments held at amortised cost	€ 21,884	€ 22,348	€ 18,097
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14 Debt securities by rati

Note 14 Debt securities by rating (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	100%	100%	100%
Debt instruments held at amortised cost	€ 59,014	€ 49,462	€ 36,639	[2],[3],[4]
BBVA AAA Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	3.20%	3.70%	8.40%
Debt instruments held at amortised cost	€ 1,907	€ 1,829	€ 3,068
BBVA AA plus [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	5.80%	6.30%	0.60%
Debt instruments held at amortised cost	€ 3,418	€ 3,096	€ 217
BBVA AA Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	0.10%	0.30%	0.20%
Debt instruments held at amortised cost	€ 69	€ 142	€ 82
BBVA AA Minus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	1.70%	0.10%	0.20%
Debt instruments held at amortised cost	€ 1,027	€ 60	€ 76
BBVA A plus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	0%	0.10%	0%
Debt instruments held at amortised cost	€ 22	€ 25	€ 13
BBVA A Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	0.80%	0.90%	1.40%
Debt instruments held at amortised cost	€ 497	€ 444	€ 524
BBVA A Minus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	58.70%	50%	46.50%
Debt instruments held at amortised cost	€ 34,652	€ 24,739	€ 17,050
BBVA BBB Plus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	7.70%	13.40%	12.90%
Debt instruments held at amortised cost	€ 4,518	€ 6,615	€ 4,710
BBVA BBB Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	7%	9.20%	11.20%
Debt instruments held at amortised cost	€ 4,105	€ 4,551	€ 4,091
BBVA BBB minus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	1.50%	1.10%	1%
Debt instruments held at amortised cost	€ 890	€ 548	€ 351
BBVA BB Plus Rating [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	12.20%	13.40%	15.80%
Debt instruments held at amortised cost	€ 7,199	€ 6,642	€ 5,789
Unclassified [Member]
Debt securities by rating [Line Items]
Percentage of debt securities at amortized cost by rating	1.20%	1.60%	1.80%
Debt instruments held at amortised cost	€ 711	€ 772	€ 667
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 14 Loans and advances to c

Note 14 Loans and advances to customers (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]
Loans and receivables [Line Items]
Loans and advances to customers	€ 412,477	€ 377,643	€ 357,351	[1]
On demand [Member]
Loans and receivables [Line Items]
Loans and advances to customers	5,307	3,040	4,101
Credit card debt [Member]
Loans and receivables [Line Items]
Loans and advances to customers	27,720	22,889	18,898
Trade receivables [Member]
Loans and receivables [Line Items]
Loans and advances to customers	31,693	25,096	25,987
Lease receivables [member]
Loans and receivables [Line Items]
Loans and advances to customers	10,125	9,463	8,571
Reverse repurchase agreements [Member]
Loans and receivables [Line Items]
Loans and advances to customers	262	92	102
Other term loans [Member]
Loans and receivables [Line Items]
Loans and advances to customers	331,451	312,186	294,059
Advances that are not loans [Member]
Loans and receivables [Line Items]
Loans and advances to customers	€ 5,919	€ 4,877	€ 5,633
[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 Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	€ 129,642	€ 129,248	€ 129,042
Foreign security	150,966	139,104	121,314
Total loans and advances maturing in more than one year	280,608	268,352	250,356
Fixed interest rate [member]
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	67,284	63,060	59,394
Foreign security	85,473	77,381	67,874
Total loans and advances maturing in more than one year	152,757	140,441	127,269
Floating interest rate [member]
Loans and advances maturing in more than one year by interest rate [Line Items]
National security	62,359	66,188	69,647
Foreign security	65,493	61,723	53,440
Total loans and advances maturing in more than one year	€ 127,851	€ 127,911	€ 123,087

Note 14 Securitized loans (Deta

Note 14 Securitized loans (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Securitized loans [Line Items]
Securitized mortgage assets	€ 19,537	€ 20,406	€ 23,290
Other securitized assets	8,702	8,493	5,495
Total securitized loans	€ 28,239	€ 28,899	€ 28,784

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclousre of derivative financial assets held for hedging [Line Items]
Derivative financial assets held for hedging	€ 1,158	€ 1,482	€ 1,891	[1]
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets	(65)	(97)	(148)
Derivative financial liabilities held for hedging	2,503	2,625	3,303	[1]
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 Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	€ 1,158	€ 1,482	€ 1,891	[1]
Derivative financial liabilities held for hedging	2,503	2,625	3,303	[1]
Of which OTC credit institutions [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	932	1,237	1,577
Derivative financial liabilities held for hedging	2,005	2,404	2,911
Of which OTC other financial corporations [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	223	237	297
Derivative financial liabilities held for hedging	499	221	391
Interest rate risk [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	257	422	656
Derivative financial liabilities held for hedging	344	364	376
Interest rate risk [member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	257	422	656
Derivative financial liabilities held for hedging	344	364	376
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	73	221	259
Derivative financial liabilities held for hedging	93	31	83
Foreign exchange and gold risk [Member] | OTC Options [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	73	221	259
Derivative financial liabilities held for hedging	93	31	83
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	0
Derivative financial liabilities held for hedging	0	0	0
Fair value risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	330	644	915
Derivative financial liabilities held for hedging	437	395	459
Interest rate risk hedges cash flow [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	618	490	470
Derivative financial liabilities held for hedging	1,513	2,048	2,763
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	615	483	454
Derivative financial liabilities held for hedging	1,513	2,048	2,763
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	3	7	16
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	142	291	239
Derivative financial liabilities held for hedging	431	41	46
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	142	291	239
Derivative financial liabilities held for hedging	431	41	45
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	0	1	1
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	760	781	708
Derivative financial liabilities held for hedging	1,944	2,089	2,809
Hedges of net investment in foreign operations [member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	66	27	213
Derivative financial liabilities held for hedging	122	136	26
Portfolio fair value hedges of interest rate risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	2	3	7
Derivative financial liabilities held for hedging	0	5	8
Portfolio cash flow hedges of interest rate risk [Member]
Disclosure of detailed information about hedging instruments [line items]
Derivative financial assets held for hedging	0	27	48
Derivative financial liabilities held for hedging	€ 0	€ 0	€ 1
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 15 Hedged items in fair va

Note 15 Hedged items in fair value hedges (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		€ 59,002	€ 62,205	€ 65,374	[1]
Debt securities at fair value through other comprehensive income	[2]	57,526	60,963	64,150	[1],[3]
Financial assets at amortised cost		(502,400)	(451,732)	(414,421)	[4],[5]
Debt Securities at amortized cost		(59,014)	(49,462)	(36,639)	[4],[5],[6],[7]
Loans and advances at amortized cost		(443,386)	(402,270)	(377,782)	[5]
Financial liabilities at amortised cost		(584,339)	(557,589)	(529,172)	[5],[8]
Debt instruments issued at amortised cost		69,867	68,707	55,429	[5],[8]
Deposits at amortized cost		(496,720)	(473,835)	€ (459,662)	[5]
Carrying amount [member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		10,449	11,308
Debt securities at fair value through other comprehensive income		10,449	11,308
Loans and advances at fair value through Other Comprehensive Income		0	0
Financial assets at amortised cost		(3,003)	(3,248)
Debt Securities at amortized cost		(2,232)	(2,304)
Loans and advances at amortized cost		(771)	(944)
Financial liabilities at amortised cost		(45,613)	(47,180)
Debt instruments issued at amortised cost		42,521	37,916
Deposits at amortized cost		(3,092)	(9,263)
Carrying amount [member] | Interest rate [Member]
Hedged items in fair value hedges [Line Items]
Debt securities at fair value through other comprehensive income		10,446	11,308
Debt Securities at amortized cost		(2,232)	(2,304)
Loans and advances at amortized cost		(757)	(944)
Debt instruments issued at amortised cost		42,521	37,915
Deposits at amortized cost		(3,092)	(9,258)
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		2	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		(14)	0
Debt instruments issued at amortised cost		0	1
Deposits at amortized cost		0	(5)
Carrying amount [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
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	[9]	409	652
Debt securities at fair value through other comprehensive income	[9]	409	652
Loans and advances at fair value through Other Comprehensive Income	[9]	0	0
Financial assets at amortised cost	[9]	(16)	(114)
Debt Securities at amortized cost	[9]	(48)	(119)
Loans and advances at amortized cost	[9]	(32)	5
Financial liabilities at amortised cost	[9]	(96)	(509)
Debt instruments issued at amortised cost	[9]	172	600
Deposits at amortized cost	[9]	(75)	91
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	[9]	409	652
Debt Securities at amortized cost	[9]	(48)	(119)
Loans and advances at amortized cost	[9]	(32)	5
Debt instruments issued at amortised cost	[9]	172	600
Deposits at amortized cost	[9]	(75)	(91)
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	[9]	0	0
Loans and advances at fair value through Other Comprehensive Income	[9]	0	0
Debt Securities at amortized cost	[9]	0	0
Loans and advances at amortized cost	[9]	0	0
Debt instruments issued at amortised cost	[9]	0	0
Deposits at amortized cost	[9]	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	[9]	0	0
Loans and advances at fair value through Other Comprehensive Income	[9]	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	[9]	155	172
Debt securities at fair value through other comprehensive income	[9]	155	172
Financial assets at amortised cost	[9]	(519)	(685)
Debt Securities at amortized cost	[9]	(519)	(685)
Financial liabilities at amortised cost	[9]	(1)	0
Debt instruments issued at amortised cost	[9]	1
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	[9]	155	172
Debt Securities at amortized cost	[9]	(519)	(685)
Debt instruments issued at amortised cost	[9]	1
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		(753)	(936)
Debt Securities at amortized cost		0	0
Loans and advances at amortized cost		(753)	(936)
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		(753)	(936)
Recognized inefectiveness in profit or loss [Member]
Hedged items in fair value hedges [Line Items]
Financial assets at fair value through other comprehensive income		16	5
Financial assets at amortised cost		(2)	(14)
Financial liabilities at amortised cost		€ (5)	€ (20)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 15 Calendar of the notiona

Note 15 Calendar of the notional maturities of the hedging instruments (Details) € in Millions	Dec. 31, 2024 EUR (€)
Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	€ 60,021
Of which interest rate fair value hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	58,735
Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	39,687
Of which interest rate cash flow hedges [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	35,348
Hedges of net investment in foreign operations [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	13,234
Portfolio fair value hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	2,841
Portfolio cash flow hedges of interest rate risk [Member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	47
Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	115,830
Not later than three months [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	5,183
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	5,160
Not later than three months [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	4,280
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	4,280
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	12,222
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	893
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	22,579
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	10,799
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	10,650
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	16,775
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	16,577
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	861
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	179
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	28,614
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	23,509
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	22,903
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	13,346
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	11,689
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	1,364
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	0
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	38,218
Later than five years [member] | Fair value hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	20,530
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	20,023
Later than five years [member] | Cash flow hedges [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	5,286
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	2,801
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	150
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	406
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	47
Later than five years [member] | Derivatives [member]
Notional maturities of the hedging instruments [Line Items]
Notional maturities of the hedging instruments	€ 26,419

Note 16 Investments In Subsidia

Note 16 Investments In Subsidiaries Joint Ventures And Associates (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	€ 94	€ 93	€ 100
Investments in associates	895	883	816
Investments in subsidiaries, joint ventures and associates	989	976	916	€ 900
Altura markets SV SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	38	31	42
RCI Colombia [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	37	40	36
Other joint ventures [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in joint ventures	19	22	22
Metrovacesa SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	300	259	259
BBVA allianz seguros y reaseguros SA [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	265	251	248
ATOM Bank PLC [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	222	211	132
Redsys servicios de procesamiento SL [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	20	22	20
Servicios electronicos globales SA de CV [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	43	36	23
Other associates [Member]
Disclosure of Investments in subsidiaries joint ventures and associates [Line Items]
Investments in associates	€ 45	€ 105	€ 134

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Joint ventures and associates changes in the year [Line Items]
Investments in subsidiaries, joint ventures and associates reported in separate financial statements		€ 976	€ 916	€ 900
Acquisitions and capital increases		4	95	87
Disposals and capital reductions		(28)	(42)	(88)
Transfers and changes of consolidation Method		(69)	4	0
Share of profit and loss		40	26	21
Exchange differences		7	16	(1)
Valuation adjustments	[1]	63	(9)	42
Dividends valuation adjustments and others		(5)	(30)	(44)
Investments in subsidiaries, joint ventures and associates reported in separate financial statements		€ 989	€ 976	€ 916
[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, 2024	Dec. 31, 2023		Dec. 31, 2022
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	€ 16,432	€ 15,089		€ 13,535
Cost of tangible assets	17,567	16,432		15,089
Accrued depreciation	6,896	6,066		5,641
Accrued depreciation	7,547	6,896		6,066
Impairment of tangible assets	283	286		596
Impairment of tangible assets	260	283		286
Tangible assets	9,253	8,737	[1]	7,298
Tangible assets	9,759	9,253		8,737	[1]
Additions tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	1,914	1,795		1,726
Accrued depreciation changes in the year	972	867		818
Impairment of tangible assets changes in the year	(29)	16		(53)
Retirements tangible assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets changes in the year	(566)	(349)		(1,784)
Accrued depreciation changes in the year	(161)	(111)		(392)
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	0		1,392	[2]
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	(5)	(22)		(360)
Accrued depreciation changes in the year	5	(11)		(139)
Impairment of tangible assets changes in the year	(5)	0		13
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	(208)	(79)		580	[3]
Accrued depreciation changes in the year	(165)	85		138
Impairment of tangible assets changes in the year	13	(18)		(270)
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		0
Land and buildings [member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	6,405	6,255		4,350
Cost of tangible assets	6,475	6,405		6,255
Accrued depreciation	1,226	1,064		900
Accrued depreciation	1,262	1,226		1,064
Impairment of tangible assets	166	154		114
Impairment of tangible assets	118	166		154
Tangible assets	5,013	5,036		3,336
Tangible assets	5,094	5,013		5,036
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	295	270		366
Accrued depreciation changes in the year	123	121		108
Impairment of tangible assets changes in the year	(65)	15		(29)
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	(38)	(19)		(4)
Accrued depreciation changes in the year	(25)	(9)		(2)
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	0		1,392	[2]
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	5	12		(21)
Accrued depreciation changes in the year	(4)	(2)		11
Impairment of tangible assets changes in the year	0	0		(1)
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	(192)	(113)		171	[3]
Accrued depreciation changes in the year	(56)	52		47
Impairment of tangible assets changes in the year	16	(3)		70
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		0
Work in progress [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	199	93		67
Cost of tangible assets	155	199		93
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	199	93		67
Tangible assets	155	199		93
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	110	190		71
Accrued depreciation changes in the year	0	0		0
Impairment of tangible assets changes in the year	0	0		0
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	(1)	(4)		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] | 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		0	[2]
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	(136)	(72)		(54)
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	(17)	(8)		9	[3]
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		0
Furniture, fixtures and vehicles [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	6,424	5,833		5,388
Cost of tangible assets	6,848	6,424		5,833
Accrued depreciation	4,606	4,204		3,833
Accrued depreciation	4,850	4,606		4,204
Impairment of tangible assets	0	0		0
Impairment of tangible assets	0	0		0
Tangible assets	1,817	1,629		1,555
Tangible assets	1,999	1,817		1,629
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	513	549		475
Accrued depreciation changes in the year	501	426		393
Impairment of tangible assets changes in the year	2	1		4
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	(89)	(117)		(140)
Accrued depreciation changes in the year	(87)	(73)		(132)
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		0	[2]
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	145	41		(40)
Accrued depreciation changes in the year	10	(7)		52
Impairment of tangible assets changes in the year	0	0		0
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	(145)	118		150	[3]
Accrued depreciation changes in the year	(181)	57		59
Impairment of tangible assets changes in the year	(2)	(1)		(4)
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		0
Right of use assets [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	2,212	1,871		3,154
Cost of tangible assets	2,439	2,212		1,871
Accrued depreciation	906	653		811
Accrued depreciation	1,164	906		653
Impairment of tangible assets	40	65		427
Impairment of tangible assets	22	40		65
Tangible assets	1,266	1,153		1,916
Tangible assets	1,253	1,266		1,153
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	574	499		578
Accrued depreciation changes in the year	324	296		295
Impairment of tangible assets changes in the year	(18)	(14)		(45)
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	(332)	(195)		(1,620)
Accrued depreciation changes in the year	(42)	(26)		(244)
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		0	[2]
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	(44)	(18)		(274)
Accrued depreciation changes in the year	22	(5)		(220)
Impairment of tangible assets changes in the year	0	0		(7)
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	29	55		32	[3]
Accrued depreciation changes in the year	(46)	(12)		11
Impairment of tangible assets changes in the year	0	(11)		(309)
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		0
Right to use investment properties [Member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	238	214		162
Cost of tangible assets	251	238		214
Accrued depreciation	93	70		47
Accrued depreciation	91	93		70
Impairment of tangible assets	61	50		34
Impairment of tangible assets	81	61		50
Tangible assets	84	94		81
Tangible assets	79	84		94
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	2	10		19
Accrued depreciation changes in the year	19	21		18
Impairment of tangible assets changes in the year	20	12		16
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	(32)	0		(1)
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		0	[2]
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	44	15		33
Accrued depreciation changes in the year	(22)	3		6
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		0	[3]
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		0
Investment property [member]
Disclosure of Tangible assets breakdown by type of asset [Line Items]
Cost of tangible assets	156	242		147
Cost of tangible assets	241	156		242
Accrued depreciation	17	23		17
Accrued depreciation	27	17		23
Impairment of tangible assets	15	17		21
Impairment of tangible assets	39	15		17
Tangible assets	124	201		109
Tangible assets	174	124		201
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	52	39		95
Accrued depreciation changes in the year	5	3		5
Impairment of tangible assets changes in the year	31	2		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)	(10)		(19)
Accrued depreciation changes in the year	(1)	(1)		(13)
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		0	[2]
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	(20)	0		(4)
Accrued depreciation changes in the year	(1)	1		13
Impairment of tangible assets changes in the year	(5)	0		21
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	63	(115)		23	[3]
Accrued depreciation changes in the year	8	(9)		2
Impairment of tangible assets changes in the year	(2)	(3)		(26)
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		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	800	582		267
Cost of tangible assets	1,158	800		582
Accrued depreciation	49	52		33
Accrued depreciation	153	49		52
Impairment of tangible assets	0	0		0
Impairment of tangible assets	0	0		0
Tangible assets	751	530		234
Tangible assets	1,004	751		530
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	369	238		122
Accrued depreciation changes in the year	0	0		0
Impairment of tangible assets changes in the year	1	0		0
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	(63)	(4)		0
Accrued depreciation changes in the year	(6)	(1)		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		0	[2]
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	53	(16)		193	[3]
Accrued depreciation changes in the year	111	(3)		19
Impairment of tangible assets changes in the year	(1)	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		€ 0
[1] (1) The number of branches in 2022 was affected by 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 amount in 2022 was affected by 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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	€ 9,759	€ 9,253	€ 8,737		€ 7,298
BBVA and Spanish Subsidiaries [Member]
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	4,129	4,183	4,285
Foreign subsidiaries [Member]
Tangible assets by Spanish and foreign subsidiaries [Line Items]
Total tangible assets by Spanish and foreign subsidiaries	€ 5,630	€ 5,071	€ 4,452
[1] (1) The number of branches in 2022 was affected by 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, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		€ 795	€ 707	€ 818
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(95)	88	41
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				(152)
Goodwill at end of period		700	795	707
MEXICO
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		623	559	504
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(82)	64	55
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		541	623	559
TURKEY
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period	[1]	0	0	152
Additional recognition, goodwill	[1]	0	0	0
Increase (decrease) through net exchange differences, goodwill	[1]	0	0	0
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	0
COLOMBIA
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		143	118	134
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(11)	25	(16)
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		132	143	118
CHILE
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		24	25	24
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(1)	(1)	1
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		23	24	25
Other Countries [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill at beginning of period		5	5	4
Additional recognition, goodwill		0	0	0
Increase (decrease) through net exchange differences, goodwill		(1)	0	1
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		€ 4	€ 5	€ 5
[1] (1) As a result of the application of IAS 29, as indicated in Note 2.2.18, the book value of the Turkish CGU exceeded the existing recoverable value, so on January 1, 2022 the goodwill as well as other intangible assets 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, 2024 Rate	Dec. 31, 2023 Rate	Dec. 31, 2022 Rate
Impairment test assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[1]	18.30%	12.40%	12.70%
Growth rate used to extrapolate cash flow projections		5.50%	5.60%	6.30%
[1] (1) After tax discount rates.

Note 18 Sensitivity analysis fo

Note 18 Sensitivity analysis for main assumptions Mexico (Details) - MEXICO		Dec. 31, 2024 Rate	Dec. 31, 2023 Rate	Dec. 31, 2022 Rate
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[1]	18.30%	12.40%	12.70%
Increase of 50 basis points [Member]
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[2]	(3.00%)
Growth rate used to extrapolate cash flow projections Mexico	[2]	2%
Decrease of 50 basis points [Member]
Sensitivity analysis for main assumptions Mexico [Line Items]
Discount rate applied to cash flow projections	[2]	3%
Growth rate used to extrapolate cash flow projections Mexico	[2]	(2.00%)
[1] (1) After tax discount rates. (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, 2024	Dec. 31, 2023	Dec. 31, 2022
Other intangible assets [Line Items]
Intangible assets other than goodwill	€ 1,790	€ 1,568	€ 1,449
Computer software [member]
Other intangible assets [Line Items]
Intangible assets other than goodwill	1,764	1,535	1,393
Intangible Assets With Indefinite Useful Life
Other intangible assets [Line Items]
Intangible assets other than goodwill	9	8	13
Intangible assets with definite useful life [Member]
Other intangible assets [Line Items]
Intangible assets other than goodwill	€ 17	€ 25	€ 43

Note 18 Changes in other intang

Note 18 Changes in other intangible assets (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other intangible assets [Line Items]
Other intangible assets	€ 1,568	€ 1,449
Intangible assets other than goodwill	1,790	1,568	€ 1,449
Computer software [member]
Other intangible assets [Line Items]
Other intangible assets	1,535	1,396	1,239
Additions other than through business combinations, intangible assets other than goodwill	771	688	592
Amortisation, intangible assets other than goodwill	(543)	(518)	(490)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	(16)	6	(80)
Impairment	15	26	25
Intangible assets other than goodwill	1,764	1,535	1,396
Other intangible assets [member]
Other intangible assets [Line Items]
Other intangible assets	33	56	140
Additions other than through business combinations, intangible assets other than goodwill	11	1	0
Amortisation, intangible assets other than goodwill	(18)	(19)	(20)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	1	5	63
Impairment	0	0	0
Intangible assets other than goodwill	26	33	56
Total of intangible assets [Member]
Other intangible assets [Line Items]
Other intangible assets	1,568	1,453	1,379
Additions other than through business combinations, intangible assets other than goodwill	782	689	592
Amortisation, intangible assets other than goodwill	(561)	(536)	(510)
Amortization transfer to discontinued operations	0	0	0
Increase (decrease) through net exchange differences, intangible assets and goodwill	(16)	11	17
Impairment	15	26	(25)
Intangible assets other than goodwill	€ 1,790	€ 1,568	€ 1,453

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, 2024		Dec. 31, 2023		Dec. 31, 2022	[2]
Tax effect of foreign tax rates reconciliation [Line Items]
Tax expense (income)	[1]	€ 4,830		€ 4,003		€ 3,505
Taxation at Spanish corporation tax rate 30 percent [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		4,622		3,726		3,080
Lower effective tax rate from foreign entities [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		193		2		317
Lower effective tax rate from foreign entities [Member] | MEXICO
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (180)		€ (194)		€ (203)
Effective tax percentage on reconciliation	[3]	28%		27%		26%
Lower effective tax rate from foreign entities [Member] | CHILE
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (2)		€ (4)		€ (8)
Effective tax percentage on reconciliation	[3]	23%		11%		13%
Lower effective tax rate from foreign entities [Member] | COLOMBIA
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (1)		€ (25)		€ 24
Effective tax percentage on reconciliation	[3]	29%		14%		37%
Lower effective tax rate from foreign entities [Member] | PERU
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (44)		€ (55)		€ (16)
Effective tax percentage on reconciliation	[3]	23%		20%		27%
Lower effective tax rate from foreign entities [Member] | TURKEY
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ 498		€ 314		€ 621
Effective tax percentage on reconciliation	[3]	62%		57%		70%
Lower effective tax rate from foreign entities [Member] | UNITED STATES
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (14)		€ 5		€ 17
Effective tax percentage on reconciliation	[3]	26%		33%		17%
Lower effective tax rate from foreign entities [Member] | Other Countries [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation	[3]	€ (64)		€ (39)		€ (118)
Revenues with lower tax rate dividends capital gains [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		(44)		(26)		(25)
Equity accounted earnings [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		(14)		(8)		(6)
Other effects Reconciliation [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		73	[4]	309	[4]	139
Reconciliation profit or loss before tax [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		15,405		12,419		10,268
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		15,405		12,419		10,268
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		0
Reconciliation income tax [Member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		4,830		4,003		3,505	[4]
Reconciliation income tax [Member] | Discontinued operations [member]
Tax effect of foreign tax rates reconciliation [Line Items]
Amount of reconciliation		€ 0		€ 0		€ 0
[1] (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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, 2024	Dec. 31, 2023		Dec. 31, 2022
Effective tax rate [Line Items]
Profit (loss) before tax		€ 15,405	€ 12,419	[1]	€ 10,268	[1],[2],[3]
Tax expense (income)	[4]	€ 4,830	€ 4,003		€ 3,505	[5]
Percentage effective tax rate		31.40%	32.20%		34.10%	[2]
Consolidated tax group in Spain [Member]
Effective tax rate [Line Items]
Profit (loss) before tax		€ 4,810	€ 2,601		€ 2,206	[2]
Other Spanish entities [Member]
Effective tax rate [Line Items]
Profit (loss) before tax		(41)	6		(462)	[2]
Foreign entities [Member]
Effective tax rate [Line Items]
Profit (loss) before tax		€ 10,636	€ 9,812		€ 8,524	[2]
[1](2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group.[2] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts ”). (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 19 Tax assets and liabilit

Note 19 Tax assets and liabilities (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021	[3]
Tax assets and liabilities [Line Items]
Current tax assets	[1]	€ 4,295	€ 2,860	€ 1,978
Deferred tax assets		14,354	14,641	14,747	[3]	€ 14,917
Tax assets		18,650	17,501	16,725
Current tax liabilities	[1]	575	878	1,415
Deferred tax liabilities		2,458	1,677	1,520	[3]	€ 1,769
Tax liabilities		3,033	2,554	2,935
Pensions [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		534	445	422
Financial instruments [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		1,335	1,069	1,478
Deferred tax liabilities		915	761	557
Loss allowances [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		2,158	2,127	1,834
Other [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		1,495	1,467	1,261
Deferred tax liabilities		1,543	916	963
Secured tax assets [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		7,979	8,534	8,689
Tax losses [Member]
Tax assets and liabilities [Line Items]
Deferred tax assets		€ 853	€ 999	€ 1,063
[1] (1) In 2024, the increase in current tax assets corresponds mainly to a higher tax receivable of the tax group in Spain, as well as in Mexico and Colombia, in relation to the Corporate Income Tax for the year 2024 related to the installment payments made in the year. On the other hand, the decrease in current tax liabilities corresponds mainly to the decrease in the tax payable in Mexico and Argentina in relation to the estimated income tax for the year 2023. (2) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 19 Deferred tax assets and

Note 19 Deferred tax assets and liabilities annual variations (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022	[1]
Deffered tax assets and liabilities [Line Items]
Deferred tax assets	€ 14,641	€ 14,747	[1],[2]	€ 14,917
Deferred tax liabilities	1,677	1,520	[1],[2]	1,769
Deferred tax assets and liabilities	14,354	14,641		14,747	[2]
Deferred tax liabilities	2,458	1,677		1,520	[2]
Deferred assets [Member]
Deffered tax assets and liabilities [Line Items]
Deferred tax pensions	89	23		6
Deferred tax financials instruments	266	(409)		70
Deferred tax loss allowances	31	293		158
Deferred tax others	28	206		160
Deferred tax guaranteed tax assets	(555)	(155)		(615)
Deferred tax tax losses	(146)	(64)		51
Deferred liabilities [Member]
Deffered tax assets and liabilities [Line Items]
Deferred tax pensions	0	0		0
Deferred tax financials instruments	154	204		(567)
Deferred tax loss allowances	0	0		0
Deferred tax others	627	(47)		318
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 Note 1.3)[2] (2) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 19 Secured tax assets (Det

Note 19 Secured tax assets (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Secured tax assets [Line Items]
Secured pensions tax assets	€ 1,622	€ 1,622	€ 1,622
Secured loss allowances tax assets	6,357	6,912	7,067
Total secured tax assets	€ 7,979	€ 8,534	€ 8,689

Note 20 Other assets and liabil

Note 20 Other assets and liabilities (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]
Other assets [Line Items]
Inventories	[1]	€ 1,299	€ 276	€ 325
Items in course of collection from other banks		482	41	93
Other Assets Accruals		1,862	1,368	1,461
Other assets other items		1,881	1,174	706
Other assets		5,525	2,859	2,586
Other liabilities [Line Items]
Other Liabilities Transactions In Progress		306	133	44
Other Liabilities Accruals		3,066	2,878	2,595
Other items liabilities		1,997	2,466	2,269
Other liabilities		€ 5,370	€ 5,477	€ 4,909
[1] (2) The variation in 2024 corresponds mainly to the acquisition of land plots from the Group's real estate company Crea Madrid Nuevo Norte, S.A. in relation to an urban planning operation in Madrid. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ (828)	€ (923)	€ (1,022)
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		(847)	(943)	(1,070)
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]	(618)	(1,026)	(1,063)
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		(55)	(43)	(40)
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]	(46)	(84)	(93)
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]	€ (645)	€ (1,005)	€ (1,057)
[1](1) The variation in 2024 is mainly due to sales of properties by the companies Tree Investments Inmobiliarias, SOCIMI, SA and Banco Bilbao Vizcaya Argentaria, S.A[2] (2) Corresponds to the accumulated depreciation of assets before their classification as "Non-current assets and disposal groups classified as held for sale".

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ 923	€ 1,022
Non-current assets or disposal groups classified as held for sale		828	923	€ 1,022
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		1,928	2,078	1,711
Additions		283	192	214
Contributions from merger transactions		0	0	592
Retirements sales and other decreases		(784)	(357)	(465)
Transfers other movements and exchage differences		46	15	27
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		1,473	1,928	2,078
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		1,005	1,057	650
Additions		83	42	221
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(443)	(111)	(148)
Transfers other movements and exchage differences		0	17	333
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		645	1,005	1,057
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		644	714
Non-current assets or disposal groups classified as held for sale		610	644	714
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		943	1,070	1,218
Additions		250	190	211
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(338)	(323)	(353)
Transfers other movements and exchage differences		(8)	6	(6)
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		847	943	1,070
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		299	356	381
Additions		24	16	64
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		(91)	(89)	(102)
Transfers other movements and exchage differences		5	16	13
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		237	299	356
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]	236	269
Non-current assets or disposal groups classified as held for sale	[1]	163	236	269
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]	943	970	452
Additions	[1]	18	2	1
Contributions from merger transactions	[1]	0	0	592
Retirements sales and other decreases	[1]	(446)	(34)	(110)
Transfers other movements and exchage differences	[1]	57	5	35
Disposals by companies held for sale	[1]	0	0	0
Non-current assets or disposal groups classified as held for sale	[1]	572	943	970
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]	706	701	269
Additions	[1]	59	27	158
Contributions from merger transactions	[1]	0	0	0
Retirements sales and other decreases	[1]	(352)	(22)	(46)
Transfers other movements and exchage differences	[1]	(5)	1	320
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]	409	706	701
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		43	39
Non-current assets or disposal groups classified as held for sale		55	43	39
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		43	39	41
Additions		15	0	2
Contributions from merger transactions		0	0	0
Retirements sales and other decreases		0	0	(2)
Transfers other movements and exchage differences		(3)	4	(2)
Disposals by companies held for sale		0	0	0
Non-current assets or disposal groups classified as held for sale		55	43	39
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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Financial liabilities at amortised cost [Line Items]
Total deposits at amortised cost	€ 496,720	€ 473,835	€ 459,662
Liabilities due to central banks	14,668	20,309	38,323
Deposits from banks	34,406	40,039	26,935
Deposits from customers	447,646	413,487	394,404	[2]
Debt instruments issued at amortised cost	69,867	68,707	55,429	[3]
Other financial liabilities	17,753	15,046	14,081	[3],[4]
Financial liabilities at amortised cost	584,339	557,589	529,172	[3]
Demand Deposits [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	657	159	205
Deposits from banks	6,977	6,629	11,434
Deposits from customers	331,780	317,543	316,082
Time depostis and other [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	6,369	12,203	33,534
Deposits from banks	15,049	12,871	11,787
Deposits from customers	106,658	91,740	76,063
Repurchase Agreements [Member]
Financial liabilities at amortised cost [Line Items]
Liabilities due to central banks	7,642	7,947	4,584
Deposits from banks	12,380	20,539	3,714
Deposits from customers	€ 9,208	€ 4,204	€ 2,259
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 22 Deposits from banks (De

Note 22 Deposits from banks (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		€ 34,406	€ 40,039	€ 26,935	[1]
SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		4,693	4,585	2,709
MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2,185	1,431	1,587
TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2,162	587	672
South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2,963	2,659	3,095
Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		17,832	25,097	8,226
Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		4,570	5,681	10,645
Demand Deposits [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		6,977	6,629	11,434
Demand Deposits [Member] | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		1,039	1,252	1,215
Demand Deposits [Member] | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		973	789	855
Demand Deposits [Member] | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		158	16	10
Demand Deposits [Member] | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		577	416	844
Demand Deposits [Member] | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2,942	3,011	3,613
Demand Deposits [Member] | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		1,289	1,145	4,897
Time deposits and other [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	15,049	12,871	11,787
Time deposits and other [Member] | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	3,116	2,434	1,429
Time deposits and other [Member] | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	981	642	732
Time deposits and other [Member] | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	2,002	535	633
Time deposits and other [Member] | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	2,387	2,242	2,251
Time deposits and other [Member] | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	3,313	2,742	2,944
Time deposits and other [Member] | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks	[2]	3,250	4,277	3,797
Deposits from banks repurchase agreements
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		12,380	20,539	3,714
Deposits from banks repurchase agreements | SPAIN
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		538	899	67
Deposits from banks repurchase agreements | MEXICO
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		231	0	0
Deposits from banks repurchase agreements | TURKEY
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		2	37	29
Deposits from banks repurchase agreements | South America [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		0	0	0
Deposits from banks repurchase agreements | Europe [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		11,578	19,344	1,669
Deposits from banks repurchase agreements | Rest of the world [Member]
Deposits From Banks Breakdown By Geography [Line Items]
Deposits from banks		€ 31	€ 259	€ 1,949
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Subordinated deposits are included amounting to €48, €35 and €24 million as of December 31, 2024, 2023 and 2022, respectively.

Note 22 Customer Deposits (Deta

Note 22 Customer Deposits (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		€ 447,646	€ 413,487	€ 394,404	[1]
SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		215,464	197,780	202,742
MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		85,439	92,828	78,217
TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		49,267	43,239	40,118
South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		52,675	44,237	41,587
Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		35,878	30,350	26,774
Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		8,922	5,052	4,965
Demand Deposits [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		331,780	317,543	316,082
Demand Deposits [Member] | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		186,489	179,825	188,803
Demand Deposits [Member] | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		70,133	76,122	64,671
Demand Deposits [Member] | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		23,228	20,423	22,117
Demand Deposits [Member] | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		32,443	26,888	27,083
Demand Deposits [Member] | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		17,170	12,863	11,670
Demand Deposits [Member] | Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		2,318	1,422	1,737
Time deposits and other [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	106,658	91,740	76,063
Time deposits and other [Member] | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	22,501	17,952	13,937
Time deposits and other [Member] | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	14,319	15,067	12,916
Time deposits and other [Member] | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	25,388	21,485	17,254
Time deposits and other [Member] | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	20,232	17,349	14,505
Time deposits and other [Member] | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	17,613	16,257	14,224
Time deposits and other [Member] | Rest of the world [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers	[3]	6,605	3,630	3,228
Customer deposits repurchase agreements
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		9,208	4,204	2,259
Customer deposits repurchase agreements | SPAIN
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		6,474	4	2
Customer deposits repurchase agreements | MEXICO
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		987	1,638	630
Customer deposits repurchase agreements | TURKEY
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		652	1,331	747
Customer deposits repurchase agreements | South America [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		0	0	0
Customer deposits repurchase agreements | Europe [Member]
Deposits From Customers By Geographical Area And Instrument [Line Items]
Deposits from customers		1,095	1,231	880
Customer deposits repurchase agreements | 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 Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Subordinated deposits are included amounting to €8 million as of December 31, 2024. As of December 31, 2023 and 2022, no subordinated deposits were recorded under this heading.

Note 22 Deposits from debt cert

Note 22 Deposits from debt certificates (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		€ 69,867	€ 68,707	€ 55,429	[1],[2]
Issued in euros [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		37,118	44,622	35,611
Issued in euros [Member] | Promissory bills and notes [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		1,360	5,416	1,079
Issued in euros [Member] | Non convertible bonds and debentures [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		17,788	16,256	16,979
Issued in euros [Member] | Covered bons [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		5,825	6,734	7,665
Issued in euros [Member] | Hybrid financial instruments [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost	[3]	519	800	959
Issued in euros [Member] | Securilization bonds [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		2,201	2,168	2,501
Issued in euros [Member] | Wholesale funding [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		1,030	6,182	139
Issued in euros [Member] | Subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		8,395	7,066	6,289
Issued in euros [Member] | Convertible perpetual certificates [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		2,750	3,000	3,000
Issued in euros [Member] | Other non convertible subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		5,645	4,066	3,289
issued in foreign currency [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		32,748	24,086	19,819
issued in foreign currency [Member] | Promissory bills and notes [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		2,962	336	351
issued in foreign currency [Member] | Non convertible bonds and debentures [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		12,136	8,684	9,323
issued in foreign currency [Member] | Covered bons [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		95	99	114
issued in foreign currency [Member] | Hybrid financial instruments [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost	[3]	5,327	4,722	3,724
issued in foreign currency [Member] | Securilization bonds [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		0	0	0
issued in foreign currency [Member] | Wholesale funding [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		1,067	1,479	111
issued in foreign currency [Member] | Subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		11,161	8,766	6,196
issued in foreign currency [Member] | Convertible perpetual certificates [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		2,888	2,715	1,876
issued in foreign currency [Member] | Other non convertible subordinated liabilities [Member]
Debt certificates issued [Line Items]
Debt instruments issued at amortised cost		€ 8,273	€ 6,051	€ 4,320
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subordinated liabilities at amortized cost [Line Items]
Subordinated deposits		€ 56	€ 35	€ 24
Subordinated certificates	[1]	19,556	15,832	12,485	€ 14,794
Compound convertible financial instruments		5,638	5,715	4,876
Other non convertible subordinated liabilities		13,918	10,117	7,609
Memorandum item subordinated liabilities at amortised cost		€ 19,612	€ 15,867	€ 12,509
[1] (1) There were €56, €35 and €24 million of subordinated deposits as of December 31, 2024, 2023 and 2022, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €388, €345 and €313 million in 2024, 2023 and 2022, 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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Other financial liabilities [Line Items]
Other financial liabilities	€ 17,753	€ 15,046	€ 14,081	[2],[3]
Lease liabilities [member]
Other financial liabilities [Line Items]
Other financial liabilities	1,467	1,507	1,398
Creditors for other financial liabilities [Member]
Other financial liabilities [Line Items]
Other financial liabilities	4,859	3,439	3,584
Collection accounts [Member]
Other financial liabilities [Line Items]
Other financial liabilities	3,693	3,642	3,426
Creditors for other payment obligations [Member]
Other financial liabilities [Line Items]
Other financial liabilities	€ 7,734	€ 6,458	€ 5,673
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 22 Maturity of future paym

Note 22 Maturity of future payment obligations (Details) € in Millions	Dec. 31, 2024 EUR (€)
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	€ 1,467
Not later than one year [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	175
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	285
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	239
Later than five years [member]
Maturity of future payment obligations [Line Items]
Maturity of future payment obligations by leases	€ 768

Note 23 Liabilities Under Insur

Note 23 Liabilities Under Insurance Contracts And Reinsurance Contracts Issued (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 10,981	€ 12,110	€ 10,131	[2]	€ 9,972
Insurances [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	10,981	12,110	10,131
Liabilities for remaining coverage [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	9,835	10,900	9,157
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	8,462	9,516	7,905
Liabilities for remaining coverage [Member] | Risk adjustments [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	150	171	155
Liabilities for remaining coverage [Member] | Cost service margin [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,224	1,213	1,097
Liabilities for incurred claims [member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,146	1,210	974
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	1,129	1,191	959
Liabilities for incurred claims [member] | Risk adjustments [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	17	19	15
Reinsurances [Member]
Liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 0	€ 0	€ 0
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 23 Liabilities under ins_2

Note 23 Liabilities under insurance and reinsurance contracts by type of product (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]	Dec. 31, 2021
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		€ 10,981	€ 12,110	€ 10,131	[1]	€ 9,972
Liabilities for remaining coverage [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		9,835	10,900	9,157
6311 Life Insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		9,555	10,657	8,962
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]	7,643	8,900	7,592
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]	1,912	1,757	1,370
Non-life insurance [Member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		280	243	195
Liabilities for incurred claims [member]
Liabilities under insurance and reinsurance contracts by type of product [Line Items]
Insurance contracts issued that are liabilities		€ 1,146	€ 1,210	€ 974
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Provides coverage in the event of death, disability and serious illness. (2) 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, 2024	Dec. 31, 2023		Dec. 31, 2022
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 12,110	€ 10,131	[1],[2]	€ 9,972
Insurance service result	(1,509)	(1,289)		(1,186)
Insurance revenue	(3,494)	(2,897)		(2,575)
Insurance expense	1,985	1,607		1,390
Financial income (expense) from insurance contracts	(395)	564		(692)
Exchange rate differences from insurance contracts	(767)	1,067		1,099
Cash flows from insurance and reinsurance contracts	1,542	1,637		938
Insurance contracts issued that are liabilities	10,981	12,110		10,131	[1],[2]
Liabilities for remaining coverage [Member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	10,900	9,157		8,875
Insurance service result	(3,371)	(2,822)		(2,446)
Insurance revenue	(3,494)	(2,897)		(2,575)
Insurance expense	124	75		130
Financial income (expense) from insurance contracts	(407)	563		(694)
Exchange rate differences from insurance contracts	(657)	1,008		1,048
Cash flows from insurance and reinsurance contracts	3,370	2,994		2,375
Insurance contracts issued that are liabilities	9,835	10,900		9,157
Liabilities for incurred claims [member]
Variations in liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,210	974		1,097
Insurance service result	1,862	1,532		1,260
Insurance revenue	0	0		0
Insurance expense	1,862	1,532		1,260
Financial income (expense) from insurance contracts	12	1		2
Exchange rate differences from insurance contracts	(110)	59		51
Cash flows from insurance and reinsurance contracts	(1,828)	(1,357)		(1,437)
Insurance contracts issued that are liabilities	€ 1,146	€ 1,210		€ 974
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024		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	€ 11,118		€ 9,303		€ 9,006
Insurance service result	(318)		(406)		(511)
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)	(1,267)		(960)		(908)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)	(24)		0		(17)
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)	974		554		413
Financial income (expense) from insurance contracts	(406)		564		(694)
Exchange rate differences from insurance and reinsurance contracts by valuation component	(721)		1,035		1,093
Cash flows from insurance and reinsurance contracts by valuation component	411		623		412
Liabilities under insurance and reinsurance contracts by valuation component	10,084		11,118		9,303
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	9,738		8,056		7,945
Insurance service result	(345)		(384)		(606)
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)	(969)		(749)		(750)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)	(350)		(189)		(270)
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)	974		554		413
Financial income (expense) from insurance contracts	(457)		508		(704)
Exchange rate differences from insurance and reinsurance contracts by valuation component	(636)		935		1,009
Cash flows from insurance and reinsurance contracts by valuation component	411		623		412
Liabilities under insurance and reinsurance contracts by valuation component	8,710		9,738		8,056
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	167		150		112
Insurance service result	(17)		0		46
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)	(29)		(26)		(14)
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)	12		26		60
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)	0		0		0
Financial income (expense) from insurance contracts	3		11		(20)
Exchange rate differences from insurance and reinsurance contracts by valuation component	(3)		6		11
Cash flows from insurance and reinsurance contracts by valuation component	0		0		0
Liabilities under insurance and reinsurance contracts by valuation component	150		167		150
Contractual service margin [member]
Variation in liabilities under insurance and reinsurance contracts [Line Items]
Liabilities under insurance and reinsurance contracts by valuation component	1,213	[1],[2]	1,097	[1]	948	[3]
Insurance service result	44	[2]	(23)	[1]	49	[3]
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset)	(270)	[2]	(185)	[1]	(144)	[3]
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset)	314	[2]	163	[1]	193	[3]
Increase (decrease) through changes that relate to past service, insurance contracts liability (asset)	0	[2]	0	[1]	0	[3]
Financial income (expense) from insurance contracts	49	[2]	45	[1]	29	[3]
Exchange rate differences from insurance and reinsurance contracts by valuation component	(82)	[2]	94	[1]	72	[3]
Cash flows from insurance and reinsurance contracts by valuation component	0	[2]	0	[1]	0	[3]
Liabilities under insurance and reinsurance contracts by valuation component	€ 1,224	[2]	€ 1,213	[1],[2]	€ 1,097	[1]
[1] (1) In general, the transition 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. (1) In general, the transition 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. (1) In general, the transition 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.

Note 23 Maturity of liabilities

Note 23 Maturity of liabilities under insurance and reinsurance contracts (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 10,981	€ 12,110	€ 10,131	[1],[2]	€ 9,972
Not later than one year [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	1,556	1,356	1,754
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	319	962	663
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	720	2,425	1,664
Later than five years [member]
Cash flows of liabilities under insurance and reinsurance contracts [Line Items]
Insurance contracts issued that are liabilities	€ 8,387	€ 7,367	€ 6,050
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (3) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 24 Provisions Breakdown By

Note 24 Provisions Breakdown By Concepts (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Provisions breakdown by concepts [Line Items]
Provisions for employee benefits	[1]	€ 2,348	€ 2,571	€ 2,632
Other long term employee benefits	[2]	384	435	466
Legal proceedings provision		791	696	685
Provisions commitments and guarantees given		667	770	770
Other provisions	[3]	429	452	380
Provisions		€ 4,619	€ 4,924	€ 4,933
[1] (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (1) It included commitments undertaken under the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. in 2021. (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, 2024	Dec. 31, 2023		Dec. 31, 2022	[1]
Changes over the year for provisions for pensions and similar obligation [Line Items]
Provison for pensions and other post employment obligations		€ 3,006	€ 3,098	[1]	€ 4,208
Charges to income for the year provisions for pensions and similar obligations balance		197	211		25
Intereset expense and similar charges for pensions		138	133		75
Post-employment benefit expense, defined benefit plans		57	49		42
Provisions expenses for pensions		2	29		(92)
Increase (decrease) in reimbursement rights related to defined benefit obligation, resulting from gain (loss) on remeasurement	[2]	132	314		(433)
Transfers and other changes		(49)	(37)		36
Benefit payments for pensions		(410)	(474)		(616)
Employer contributions		(143)	(106)		(120)
Provison for pensions and other post employment obligations		€ 2,732	€ 3,006		€ 3,098
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Correspond to actuarial losses (gains) arising from certain post-employment defined-benefit commitments for pensions recognized in “Equity” (see Note 2.2.13).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Changes over the year of provisions for taxes, legal contingencies and other provisions [Line Items]
Provisions for taxes legal contingents and other provisions	€ 1,148	€ 1,065	€ 990
Additions of provisions for taxes legal contingents and other provisions	370	651	417
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	(92)	(385)	(130)
Amount used and other variations of provisions for taxes legal contingents and other provisions	(206)	(183)	(211)
Provisions for taxes legal contingents and other provisions	€ 1,220	€ 1,148	€ 1,065

Note 25 Net defined benefit lia

Note 25 Net defined benefit liability asset on the consolidated balance sheet (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined benefit liabilities or assets on the consolidated balance sheet [Line Items]
Pension commitments		€ 3,759	€ 3,849	€ 3,661
Early retirement commitments		271	412	606
Medical benefits commitments		1,269	1,728	1,448
Other long term employee benefits	[1]	384	435	466
Pension plan assets		1,584	1,675	1,608
Medical benefit plan assets		1,367	1,744	1,476
Plan assets, at fair value	[2]	2,951	3,419	3,084
Total net defined benefit liability assets		2,732	3,006	3,097
Of which net defined net assets on the consolidated balance sheet	[3]	0	0	(1)
Provisions for employee benefits	[4]	2,348	2,571	2,632
Other long term employees benefits		€ 384	€ 435	€ 466
[1] (1) It included commitments undertaken under the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A. in 2021. (1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €123 million as of December 31, 2024 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. As of December 31, 2023 and 2022, this amount amounted to €153 and €188 million respectively. (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.

Note 25 Consolidated Income Sta

Note 25 Consolidated Income Statement Impact (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Consolidated income statement impact [Line Items]
Interest Income And Expense Post employment and other employee benefit commitments		€ 138	€ 133	€ 75
Interest Expenses Benefit Commitments		494	444	342
Interest Income Benefit Commitments		(356)	(311)	(267)
Personnel expense consolidated income statement impact		215	188	130
Defined contribution plan expense		158	139	87
Defined benefit plans expense		51	49	42
Other personnel expense consolidated income statement impact		6	0	0
Net Provisions post employment and other employee benefit commitments		3	31	(89)
Early Retirement Expense		0	0	0
Past service cost expense on income statement		7	36	34
Remeasurements on income statement	[2]	(5)	(7)	(126)
Other provision expense impact on income statement		1	2	3
Total consolidated income statement impact		€ 355	€ 352	€ 116
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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 2.2.13).

Note 25 Equity impact (Details)

Note 25 Equity impact (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity impact [Line Items]
Total impact on equity debit credit	€ 132	€ 314	€ (433)
Defined benefit plans equity impact [Member]
Equity impact [Line Items]
Total impact on equity debit credit	218	302	(363)
Post employment medical benefits equity impact [Member]
Equity impact [Line Items]
Total impact on equity debit credit	€ (86)	€ 12	€ (71)

Note 25 Defined benefits (Detai

Note 25 Defined benefits (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ 5,989	€ 5,715	€ 6,547
Current service cost, defined benefit plans		51	52	45
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		472	425	333
Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan		16	10	10
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]	7	36	34
Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income		(202)	375	(741)
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		2	(86)	(29)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions		(362)	248	(812)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments		158	212	100
Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan		564	655	676
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		(1)	(76)	(4)
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		0	(1)	0
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		(467)	124	161
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		(3)	(15)	7
Net assets available for benefits at end of period		5,299	5,989	5,715
Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		3,419	3,084	2,988
Current service cost, defined benefit plans		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		356	311	267
Decrease (increase) in net defined benefit liability (asset) resulting from contributions to plan		16	10	10
Contributions to plan by employer, net defined benefit liability (asset)		(143)	(106)	(67)
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		(330)	68	(240)
Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense	[2]	(330)	68	(240)
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		230	232	184
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		(1)	(75)	(4)
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		(416)	153	180
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		(7)	(7)	0
Net assets available for benefits at end of period		2,951	3,419	3,084
Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,571	2,632	3,560
Current service cost, defined benefit plans		51	52	45
Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)		115	114	65
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)		(143)	(106)	(67)
Increase (decrease) in net defined benefit liability (asset) resulting from past service cost	[1]	7	36	34
Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income		128	307	(501)
Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense	[2]	330	(68)	240
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions		2	(86)	(29)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions		(362)	248	(812)
Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments		158	212	100
Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan		(334)	(424)	(492)
Decrease (increase) in net defined benefit liability (asset) resulting from payments in respect of settlements		0	(1)	0
Increase (decrease) in net defined benefit liability (asset) resulting from business combinations and disposals		0	(1)	0
Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)		(51)	(29)	(20)
Conversions to defined contributions		0	0	0
Increase (decrease) in net defined benefit liability (asset) resulting from other changes		4	(8)	7
Net assets available for benefits at end of period		2,348	2,571	2,632
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		2,310	2,546
Net assets available for benefits at end of period		2,078	2,310	2,546
SPAIN | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		129	147
Net assets available for benefits at end of period		114	129	147
SPAIN | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,181	2,399
Net assets available for benefits at end of period		1,964	2,181	2,399
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		2,988	2,426
Net assets available for benefits at end of period		2,385	2,988	2,426
MEXICO | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		2,702	2,329
Net assets available for benefits at end of period		2,114	2,702	2,329
MEXICO | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		286	97
Net assets available for benefits at end of period		271	286	97
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		435	418
Net assets available for benefits at end of period		567	435	418
TURKEY | Plan assets [member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		363	315
Net assets available for benefits at end of period		488	363	315
TURKEY | Net liability asset [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net assets available for benefits at beginning of period		72	103
Net assets available for benefits at end of period		€ 80	€ 72	€ 103
[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, 2024	Dec. 31, 2023	Dec. 31, 2022
SPAIN
Actuarial assumptions [Line Items]
Actuarial assumption of discount rates	3.25%	3.43%	3.91%
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	12.11%	10.44%	10.68%
Actuarial assumption of expected rates of salary increases	4.50%	4.50%	4.50%
Actuarial assumption of expected rates of pension increases	3.92%	4.14%	4.41%
Actuarial assumption of medical cost trend rates	8%	8.04%	8.04%
Mortality tables	EMSSA09	EMSSA09	EMSSA09
TURKEY
Actuarial assumptions [Line Items]
Actuarial assumption of discount rates	31.02%	25.60%	17.79%
Actuarial assumption of expected rates of salary increases	27.80%	23.44%	15.86%
Actuarial assumption of expected rates of pension increases	26.30%	21.94%	14.36%
Actuarial assumption of medical cost trend rates	30.50%	26.14%	18.56%
Mortality tables	TUIK 2022	TUIK 2019	TUIK 2019

Note 25 Sensitivity analysis (D

Note 25 Sensitivity analysis (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Actuarial assumption of discount rates [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	€ (213)	€ (265)	€ (321)
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ 232	291	350
Actuarial assumption of expected rates of salary increases [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	4	1
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (4)	(4)	(1)
Actuarial assumption of expected rates of pension increases [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	€ 27	34	32
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (26)	(32)	(39)
Actuarial assumption of medical cost trend rates [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	€ 102	141	119
Decrease In Defined Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption	€ (93)	(126)	(106)
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	€ 120	134	113
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 (€)		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023	Dec. 31, 2022
Disclosure of net defined benefit liability (asset) [line items]
Net liability asset		€ 6,424,000,000		€ 6,181,000,000
Defined benefit obligation, at present value		5,683,000,000		6,424,000,000	€ 6,181,000,000
SPAIN
Disclosure of net defined benefit liability (asset) [line items]
Net liability asset		2,310,000,000
Defined benefit obligation, at present value		2,078,000,000		2,310,000,000
Plan assets		129,000,000
Plan assets		114,000,000		129,000,000
Net liability asset		1,964,000,000		2,181,000,000	2,399,000,000
Net liability asset		2,181,000,000		2,399,000,000	3,464,000,000
SPAIN | Current service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		4,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		4,000,000		3,000,000	4,000,000
SPAIN | Interest income or expense [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		73,000,000
Plan assets changes of the year		4,000,000
Net liability asset changes of the year		69,000,000		85,000,000	51,000,000
SPAIN | Contributions by plan participants [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [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 | Past service cost [Member]
Disclosure of net defined benefit liability (asset) [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	0
SPAIN | Remeasurements [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		24,000,000
Plan assets changes of the year		1,000,000
Net liability asset changes of the year		23,000,000		67,000,000	(643,000,000)
SPAIN | Return of plan assets [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[2]	0
Plan assets changes of the year	[2]	1,000,000
Net liability asset changes of the year		(1,000,000)	[2]	0	34,000,000
SPAIN | From changes in demographic assumptions [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		34,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		34,000,000		78,000,000	(643,000,000)
SPAIN | Other actuarial gains and losses [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(10,000,000)
Plan assets changes of the year		0
Net liability asset changes of the year		(10,000,000)		(11,000,000)	(34,000,000)
SPAIN | Benefit payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(341,000,000)
Plan assets changes of the year		(20,000,000)
Net liability asset changes of the year		(321,000,000)		(379,000,000)	(484,000,000)
SPAIN | Settlements payments [Member]
Disclosure of net defined benefit liability (asset) [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 | Total for all business combinations [member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		8,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		8,000,000		6,000,000	7,000,000
SPAIN | of which vested benefit obligation relating to current employees [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation, at present value		72,000,000
SPAIN | Of which vested benefit obligation relating to retired employees [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation, at present value		2,006,000,000
MEXICO
Disclosure of net defined benefit liability (asset) [line items]
Net liability asset		1,269,000,000
Defined benefit obligation, at present value		1,124,000,000		1,269,000,000
Plan assets		958,000,000
Plan assets		748,000,000		958,000,000
Net liability asset		377,000,000		311,000,000	132,000,000
Net liability asset		311,000,000		132,000,000	124,000,000
MEXICO | Current service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		10,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		10,000,000		9,000,000	7,000,000
MEXICO | Interest income or expense [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		118,000,000
Plan assets changes of the year		87,000,000
Net liability asset changes of the year		30,000,000		17,000,000	14,000,000
MEXICO | Contributions by plan participants [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		68,000,000
Net liability asset changes of the year		(68,000,000)		(37,000,000)	(41,000,000)
MEXICO | Past service cost [Member]
Disclosure of net defined benefit liability (asset) [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	1,000,000
MEXICO | Remeasurements [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		14,000,000
Plan assets changes of the year		(125,000,000)
Net liability asset changes of the year		139,000,000		175,000,000	152,000,000
MEXICO | Return of plan assets [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[2]	0
Plan assets changes of the year	[2]	(125,000,000)
Net liability asset changes of the year		125,000,000	[2]	19,000,000	45,000,000
MEXICO | From changes in demographic assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		2,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		2,000,000		0	0
MEXICO | From changes in financial assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(10,000,000)
Plan assets changes of the year		0
Net liability asset changes of the year		(10,000,000)		114,000,000	73,000,000
MEXICO | Other actuarial gains and losses [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		22,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		22,000,000		42,000,000	34,000,000
MEXICO | Benefit payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(109,000,000)
Plan assets changes of the year		(108,000,000)
Net liability asset changes of the year		0		0	0
MEXICO | Settlements payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(1,000,000)
Plan assets changes of the year		(1,000,000)
Net liability asset changes of the year		0		0	0
MEXICO | Total for all business combinations [member]
Disclosure of net defined benefit liability (asset) [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	(139,000,000)
MEXICO | Effect on changes in foreign exchange rates [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(177,000,000)
Plan assets changes of the year		(132,000,000)
Net liability asset changes of the year		(45,000,000)		15,000,000	13,000,000
MEXICO | Conversions to defined contributions [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [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
Disclosure of net defined benefit liability (asset) [line items]
Net liability asset		435,000,000
Defined benefit obligation, at present value		567,000,000		435,000,000
Plan assets		363,000,000
Plan assets		488,000,000		363,000,000
Net liability asset		80,000,000		72,000,000	103,000,000
Net liability asset		72,000,000		103,000,000	63,000,000
TURKEY | Current service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		18,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		18,000,000		17,000,000	13,000,000
TURKEY | Interest income or expense [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		105,000,000
Plan assets changes of the year		89,000,000
Net liability asset changes of the year		16,000,000		8,000,000	10,000,000
TURKEY | Contributions by plan participants [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		14,000,000
Plan assets changes of the year		14,000,000
Net liability asset changes of the year		0		0	0
TURKEY | Employer contributions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		39,000,000
Net liability asset changes of the year		(39,000,000)		(23,000,000)	(22,000,000)
TURKEY | Past service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[1]	3,000,000
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		3,000,000	[1]	33,000,000	2,000,000
TURKEY | Remeasurements [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		83,000,000
Plan assets changes of the year		50,000,000
Net liability asset changes of the year		32,000,000		32,000,000	62,000,000
TURKEY | Return of plan assets [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[2]	0
Plan assets changes of the year	[2]	50,000,000
Net liability asset changes of the year		(50,000,000)	[2]	(129,000,000)	(104,000,000)
TURKEY | From changes in demographic assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(15,000,000)
Plan assets changes of the year		0
Net liability asset changes of the year		(15,000,000)		(14,000,000)	(37,000,000)
TURKEY | From changes in financial assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(97,000,000)
Plan assets changes of the year		0
Net liability asset changes of the year		(97,000,000)		10,000,000	82,000,000
TURKEY | Other actuarial gains and losses [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		195,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		195,000,000		165,000,000	122,000,000
TURKEY | Benefit payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(32,000,000)
Plan assets changes of the year		(20,000,000)
Net liability asset changes of the year		(11,000,000)		(43,000,000)	(6,000,000)
TURKEY | Settlements payments [Member]
Disclosure of net defined benefit liability (asset) [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 | Total for all business combinations [member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(48,000,000)
Plan assets changes of the year		(40,000,000)
Net liability asset changes of the year		(8,000,000)		(40,000,000)	(18,000,000)
TURKEY | Conversions to defined contributions [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(11,000,000)
Plan assets changes of the year		(7,000,000)
Net liability asset changes of the year		(4,000,000)		(14,000,000)	0
Rest of the world [Member]
Disclosure of net defined benefit liability (asset) [line items]
Net liability asset		247,000,000
Defined benefit obligation, at present value		260,000,000		247,000,000
Plan assets		224,000,000
Plan assets		234,000,000		224,000,000
Net liability asset		26,000,000		23,000,000	25,000,000
Net liability asset		23,000,000		25,000,000	24,000,000
Rest of the world [Member] | Current service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		3,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		3,000,000		3,000,000	3,000,000
Rest of the world [Member] | Interest income or expense [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		9,000,000
Plan assets changes of the year		7,000,000
Net liability asset changes of the year		2,000,000		2,000,000	4,000,000
Rest of the world [Member] | Contributions by plan participants [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		2,000,000
Plan assets changes of the year		2,000,000
Net liability asset changes of the year		0		0	0
Rest of the world [Member] | Employer contributions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		22,000,000
Net liability asset changes of the year		(22,000,000)		(29,000,000)	(3,000,000)
Rest of the world [Member] | Past service cost [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[1]	4,000,000
Plan assets changes of the year	[1]	0
Net liability asset changes of the year		4,000,000	[1]	3,000,000	3,000,000
Rest of the world [Member] | Remeasurements [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		9,000,000
Plan assets changes of the year		(10,000,000)
Net liability asset changes of the year		19,000,000		21,000,000	(1,000,000)
Rest of the world [Member] | Return of plan assets [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value	[2]	0
Plan assets changes of the year	[2]	(10,000,000)
Net liability asset changes of the year		10,000,000	[2]	25,000,000	121,000,000
Rest of the world [Member] | From changes in demographic assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		(2,000,000)	8,000,000
Rest of the world [Member] | From changes in financial assumptions [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		3,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		3,000,000		(10,000,000)	(132,000,000)
Rest of the world [Member] | Other actuarial gains and losses [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		6,000,000
Plan assets changes of the year		0
Net liability asset changes of the year		6,000,000		8,000,000	2,000,000
Rest of the world [Member] | Benefit payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(12,000,000)
Plan assets changes of the year		(11,000,000)
Net liability asset changes of the year		(1,000,000)		(1,000,000)	(1,000,000)
Rest of the world [Member] | Settlements payments [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		(1,000,000)	0
Rest of the world [Member] | Total for all business combinations [member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		0
Plan assets changes of the year		0
Net liability asset changes of the year		0		(1,000,000)	0
Rest of the world [Member] | Effect on changes in foreign exchange rates [Member]
Disclosure of net defined benefit liability (asset) [line items]
Defined benefit obligation at present value		(2,000,000)
Plan assets changes of the year		0
Net liability asset changes of the year		(2,000,000)		1,000,000	(3,000,000)
Rest of the world [Member] | Conversions to defined contributions [Member]
Disclosure of net defined benefit liability (asset) [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]
Disclosure of net defined benefit liability (asset) [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.[2] (2) Excluding interest, which is recorded under "Interest income or expense".

Note 25 Medical benefits commit

Note 25 Medical benefits commitments (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Medical benefits commitments [Line Items]
Medical benefits commitments		€ 1,728	€ 1,448
Medical benefits commitments		1,269	1,728	€ 1,448
Present value of defined benefit obligation [member]
Medical benefits commitments [Line Items]
Medical benefits commitments		1,728	1,448	1,377
Medical benefits commitments		1,269	1,728	1,448
Present value of defined benefit obligation [member] | Current service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		18	20	19
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	167	144
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	0	28
Present value of defined benefit obligation [member] | Remeasurements [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(333)	(5)	(215)
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		15	(70)	0
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		(293)	56	(191)
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		(55)	8	(23)
Present value of defined benefit obligation [member] | Benefit payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(71)	(70)	(60)
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] | Total for all 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		(240)	168	155
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		1,744	1,476	1,494
Medical benefits commitments		1,367	1,744	1,476
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		168	165	157
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		15	17	0
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		(247)	(17)	(144)
Plan assets [member] | Return of plan assets [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[2]	(247)	(17)	(144)
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)	(70)	(60)
Plan assets [member] | Settlements payments [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	0
Plan assets [member] | Total for all business combinations [member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	(139)
Plan assets [member] | Effect on changes in foreign exchange rates [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(243)	173	167
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		(16)	(28)	(116)
Medical benefits commitments		(98)	(16)	(28)
Net liability asset [Member] | Current service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		18	20	19
Net liability asset [Member] | Interest income or expense [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(2)	2	(14)
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		(15)	(17)	0
Net liability asset [Member] | Past service cost [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[1]	0	0	28
Net liability asset [Member] | Remeasurements [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(86)	12	(71)
Net liability asset [Member] | Return of plan assets [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year	[2]	247	17	144
Net liability asset [Member] | From changes in demographic assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		15	(70)	0
Net liability asset [Member] | From changes in financial assumptions [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(293)	56	(191)
Net liability asset [Member] | Other actuarial gains and losses [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		(55)	8	(23)
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] | Total for all business combinations [member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		0	0	139
Net liability asset [Member] | Effect on changes in foreign exchange rates [Member]
Medical benefits commitments [Line Items]
Medical benefits commitments changes of the year		3	(5)	(11)
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	12 Months Ended
	Dec. 31, 2024 EUR (€)
Not later than one year [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	€ 645
Not later than one year [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	422
Not later than one year [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	196
Not later than one year [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	28
Later than one year and not later than two years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	514
Later than one year and not later than two years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	278
Later than one year and not later than two years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	207
Later than one year and not later than two years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	30
Later than two years and not later than three years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	495
Later than two years and not later than three years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	242
Later than two years and not later than three years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	215
Later than two years and not later than three years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	37
Later than three years and not later than four years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	482
Later than three years and not later than four years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	210
Later than three years and not later than four years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	225
Later than three years and not later than four years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	47
Later than four years and not later than five years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	477
Later than four years and not later than five years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	181
Later than four years and not later than five years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	235
Later than four years and not later than five years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	60
Later than five years and not later than ten years [member]
Estimated benefit payments [Line Items]
Estimated benefit payments	2,645
Later than five years and not later than ten years [member] | SPAIN
Estimated benefit payments [Line Items]
Estimated benefit payments	618
Later than five years and not later than ten years [member] | MEXICO
Estimated benefit payments [Line Items]
Estimated benefit payments	1,331
Later than five years and not later than ten years [member] | TURKEY
Estimated benefit payments [Line Items]
Estimated benefit payments	€ 696

Note 25 Plan assets breakdown (

Note 25 Plan assets breakdown (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash or cash equivalents plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	€ 60	€ 86	€ 169
Debt securities government bonds plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	2,267	2,818	2,270
Investment funds [member]
Plan assets breakdown [Line Items]
Assets of benefit plan	1	0	0
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	21	183
Total plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	2,349	2,924	2,622
Of which bank account in BBVA plan assets breakdown [Member]
Plan assets breakdown [Line Items]
Assets of benefit plan	25	23	7
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, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash or cash equivalents in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	€ 60	€ 86	€ 169
Debt securities government bonds in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	2,267	2,818	2,270
Investment funds [member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	1	0	0
Total investments in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	2,328	2,904	2,439
Of which bank account in BBVA in listed markets [Member]
Disclosure of fair value of plan assets [line items]
Investment in listed markets	25	23	7
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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Disclosure of Retained earnings and other reserves [Line Items]
Statutory reserve	€ 565	€ 572	€ 591
Restricted reserves	582	561	482
Voluntary reserves	6,470	5,478	3,906
Total reserves holding company	7,616	6,612	4,979
Consolidation reserves attributed to the bank and subsidiary consolidated companies	34,891	31,639	30,077
Total retained earnings revaluation reserves and other reserves	€ 42,507	€ 38,251	€ 35,056
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 28 Restricted reserves bre

Note 28 Restricted reserves breakdown by concepts (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted reserves breakdown by concepts [Line Items]
Restricted reserve for retired capital	€ 531	€ 495	€ 400
Restricted reserve for parent company shares and loans for those shares	49	65	80
Restricted reserve for redenomination of capital in euros	2	2	2
Total restricted reserves	€ 582	€ 561	€ 482

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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		€ 42,734	€ 38,488	€ 35,277
Reserves or accumulated losses of investments in subsidaries joint ventures and associates		(227)	(237)	(221)
Total retained earnings revaluation reserves and other reserves breakdown by company		42,507	38,251	35,057
Holding company [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		18,157	15,672	14,003
BBVA Bancomer group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		17,209	15,705	14,042
Garanti BBVA group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		6,065	5,857	5,703
BBVA Banco Provincial group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,774	1,758	1,720
BBVA Argentine group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,315	1,474	1,456
BBVA Colombia group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,639	1,573	1,489
BBVA Peru group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		1,245	1,158	1,065
Forum Chile Group
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		663	652	632
BBVA Uruguay Group [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		166	139	118
BBV America SL [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		469	374	299
Corporacion General Financiera SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		410	368	338
BBVA Seguros SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(16)	306	284
Bilbao Vizcaya Holding SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		205	198	144
BBVA Tecnology América S.A.
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		92	87	85
Pecri Inversion SL [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(10)	(17)	119
Anida Operaciones Singulares SA [Member]
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves		(5,524)	(5,497)	(5,529)
Other Real State Spanish Companies
Retained earnings breakdown by company or corporate group [Line Items]
Subtotal retained earnings or losses and revaluation reserves	[2]	(1,152)	(1,164)	(909)
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		28	(155)	217
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		(169)	(181)	(169)
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		€ 26	€ 28	€ 32
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (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, 2024	Dec. 31, 2023	Dec. 31, 2022
Components of equity treasury stock [Line Items]
Treasury shares	€ 34,000,000	€ 29,000,000	€ 647,000,000
Number of treasury shares	4,386,625	5,485,414	127,633,399
Average purchases in euros	€ 9.89	€ 7.18	€ 4.96
Average selling price in Euros	9.89	7.14	4.99
Net gains or losses on transactions	10,000,000	1,000,000	9,000,000
Treasury shares	€ 66,000,000	€ 34,000,000	€ 29,000,000
Number of treasury shares	6,666,856	4,386,625	5,485,414
Treasury shares changes over the year [Line Items]
Number of purchases of treasury shares	€ 154,564,499	€ 301,882,728	€ 598,457,024
Purchases of treasury shares in millions of euros	1,528,000,000	2,166,000,000	2,966,000,000
Number of sales and other changes in treasury shares	(152,284,268)	(302,981,517)	(720,605,009)
Sale or issue of treasury shares	(1,497,000,000)	(2,161,000,000)	(3,583,000,000)
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	€ 3,000,000
Number of treasury shares	0	0
Treasury shares	€ 7,000,000	€ 3,000,000	€ 3,000,000
Number of treasury shares	410,370	0	0
Held by Corporación General Financiera S.A. [Member]
Components of equity treasury stock [Line Items]
Treasury shares	€ 31,000,000	€ 26,000,000
Number of treasury shares	4,354,004	5,454,516
Treasury shares	€ 59,000,000	€ 31,000,000	€ 26,000,000
Number of treasury shares	6,256,486	4,354,004	5,454,516
Held by other subsidiaries [Member]
Components of equity treasury stock [Line Items]
Treasury shares	€ 0	€ 0
Number of treasury shares	32,621	30,898
Treasury shares	€ 0	€ 0	€ 0
Number of treasury shares	0	32,621	30,898

Note 29 Treasury Stock (Details

Note 29 Treasury Stock (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Bottom of range [member]
Treasury stock [Line Items]
Percentage treasury stock	0.076%	0.038%	0.078%
Top of range [member]
Treasury stock [Line Items]
Percentage treasury stock	1.513%	2.214%	7.492%
Closing range [Member]
Treasury stock [Line Items]
Percentage treasury stock	0.116%	0.075%	0.094%

Note 29 Shares of BBVA accepted

Note 29 Shares of BBVA accepted in pledge (Details) - EUR (€)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares of BBVA accepted in pledge [Line Items]
Number of shares in pledge	13,308,677,000,000	17,492,194,000,000	23,437,363,000,000
Nominal value of shares of BBVA accepted in pledge	€ 490,000	€ 490,000	€ 490,000
Percentage of share capital of shares of BBVA accepted in pledge	0.23%	0.29%	0.39%

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares of BBVA owned by third parties but managed by the group [Line Items]
Number of shares owned by third parties	11,834,596,000,000	13,258,994,000,000	18,686,027,000,000
Nominal value of shares of BBVA owned by third parties but managed by the group	€ 490,000	€ 490,000	€ 490,000
Percentage of share capital of shares of BBVA owned by third parties but managed by the group	0.21%	0.23%	0.31%

Note 30 Accumulated Other Compr

Note 30 Accumulated Other Comprehensive Income Classified By Concepts (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021	[2]
Accumulated other comprehensive income classified by concepts [Line Items]
Other comprehensive income that will not be reclassified to profit or loss, net of tax	€ (1,988)	€ (2,105)	€ (1,881)
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss	(1,067)	(1,049)	(760)
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	(905)	(1,112)	(1,194)	[2]	€ (1,079)
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk	(17)	55	72
Other comprehensive income that will be reclassified to profit or loss, net of tax	(15,232)	(14,148)	(15,760)
Foreign currency translation	(2,329)	(2,498)	(1,408)
Foreign currency translation	(12,702)	(11,419)	(13,078)
Hedging derivatives. Cash flow hedges effective portion	370	133	(447)
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	(576)	(357)	(809)	[2]	€ 1,274
Share of other recognized income and expense of investments in joint ventures and associates that may be reclassified to profit or loss	5	(8)	(18)
Accumulated other comprehensive income	(17,220)	(16,254)	(17,642)
Mexico, Pesos
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(2,697)	(3,147)	(1,751)
Foreign currency translation	(3,644)	(640)	(2,791)
Turkey, New Lira
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	394	670	358
Foreign currency translation	(5,835)	(6,908)	(6,599)
Argentina, Pesos
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(555)	(1,296)	(868)
Venezuela bolivar [Member]
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(1,865)	(1,865)	(1,850)
Other exchanges [Member]
Accumulated other comprehensive income classified by concepts [Line Items]
Foreign currency translation	(25)	(21)	(15)
Foreign currency translation	€ (803)	€ (711)	€ (969)
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 31 Non Controlling Interes

Note 31 Non Controlling Interest Classified By Concept (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	€ 4,359	€ 3,564	€ 3,623
BBVA Garanti [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	1,351	1,129	1,179
Peru BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	1,779	1,586	1,469
Argentina BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	843	544	687
Colombia BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	60	82	73
Venezuela BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	134	108	95
Other entities BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Non-controlling interests	€ 191	€ 115	€ 119
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 31 Profit Attributable to

Note 31 Profit Attributable to Non Controlling Interests (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	€ (521)	€ (397)	€ (405)
BBVA Garanti [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	116	95	28
Peru BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	260	236	236
Argentina BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	105	59	83
Colombia BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	(1)	(16)	5
Venezuela BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	32	24	22
Other entities BBVA [Member]
Minority interests (non-controlling interests) [Line Items]
Profit (loss), attributable to non-controlling interests	€ 9	€ (1)	€ 32
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3 ).

Note 32 Eligible capital resour

Note 32 Eligible capital resources (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Eligible capital resources [Line Items]
Issued capital		€ 2,824	€ 2,861	€ 2,955
Share premium		19,184	19,769	20,856
Retained earnings revaluation reserves and other reserves eligible capital resources		42,507	38,251	35,056
Other equity interest		40	40	63
Treasury shares		(66)	(34)	(29)		€ (647)
Profits or losses attributable to owners of the parent		10,054	8,019	6,358
Interim dividends		(1,668)	(951)	(722)
Shareholders funds eligible capital resources		72,875	67,955	64,535
Accumulated other comprehensive income		(17,220)	(16,254)	(17,642)	[1]
Non-controlling interests		4,359	3,564	3,623	[2]
Adjusted initial balance		60,014	55,265	50,517		€ 48,748
Goodwill and other intangible assets eligible capital resources		(1,553)	(1,421)	(1,395)
Differences from solvency and accounting perimeter eligible capital resources		(185)	(137)	(123)
Equity not eligible at solvency level eligible capital resources		(185)	(137)	(123)
Other adjustments and deductions eligible capital resources	[3]	(7,476)	(7,591)	(6,262)
Common equity tier 1 CET 1 eligible capital resources		50,799	46,116	42,738
Additional tier 1 before regulatory adjustments eligible capital resources		6,023	6,033	5,193
Total regulatory adjustments to additional tier 1 eligible capital resources		0	0	0
Tier 1 eligible capital resources		56,822	52,150	47,931
Tier 2 eligible capital resources		9,858	8,182	5,930
Total capital tier 1 tier 2 eligible capital resources		66,680	60,332	53,861
Total minimum equity required eligible capital resources	[4]	€ 52,427	€ 47,455	€ 43,111
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) The caption “Other adjustments and deductions” include, among others, the adjustment for non-computable minority interests, the amount of repurchases of own shares up to the maximum limit authorized by the ECB to the BBVA Group and the amount of dividends pending distribution. (2) Calculated based on total minimum capital requirements applicable in each period.

Note 32 Amount of capital CC1 (

Note 32 Amount of capital CC1 (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Amount of capital CC1 [Line Items]
Total Tier 1		€ 56,822	€ 52,150	€ 47,931
Total capital tier 1 tier 2		66,680	60,332	53,861
Total RWA		394,468	363,915	337,066
Capital and share premium [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		22,008	22,629	23,810
Retained earnings and equity instruments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		39,652	34,889	31,436
Other accumulated income and other reserves [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(14,334)	(12,872)	(13,952)
Minority interests [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		2,343	1,864	1,853
Net interim attributable profit [Member]
Amount of capital CC1 [Line Items]
Total Tier 1	[2]	5,013	4,759	3,814
Common equity tier 1 CET1 before oter regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		54,681	51,269	46,962
Classes of intangible assets and goodwill [domain]
Amount of capital CC1 [Line Items]
Total Tier 1		(1,553)	(1,421)	(1,395)
Direct and indirect holdings in own common equity tier 1 instruments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(243)	(331)	(356)
Deferred tax assets [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(844)	(988)	(1,057)
Other deductions and filters [Member]
Amount of capital CC1 [Line Items]
Total Tier 1	[3]	(1,242)	(2,412)	(1,416)
Total common equity tier 1 regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		(3,882)	(5,153)	(4,223)
Common equity TIER 1 CET1 [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		50,799	46,116	42,738
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		5,638	5,715	4,875
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		386	319	318
Additional tier 1 (CET 1) before regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total Tier 1		6,023	6,033	5,193
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		6,023	6,033	5,193
Capital instruments and share premium accounted as tier 2 [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		5,629	5,214	3,510
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		4,192	2,890	2,310
Credit risk adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		47	88	213
Tier 2 before regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		9,868	8,192	6,033
Tier 2 regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		(10)	(10)	(103)
Tier 2 after regulatory adjustments [Member]
Amount of capital CC1 [Line Items]
Total capital tier 2		€ 9,858	€ 8,182	€ 5,930
CET 1 phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		12.88%	12.67%	12.68%
Tier 1 phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		14.40%	14.33%	14.22%
Total capital phased in [Member]
Amount of capital CC1 [Line Items]
Percentage ratio phase in		16.90%	16.58%	15.98%
[1] (1) In 2022, 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 2024 and 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (3) As of December 31, 2023 and 2022, the amounts of the share repurchase programs were deducted.

Note 32 Leverage Ratio (Details

Note 32 Leverage Ratio (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leverage ratio [Line Items]
Tier 1	€ 56,822	€ 52,150	€ 47,931
Exposure to leverage ratio	€ 834,488	€ 797,888	€ 737,990
Leverage ratio	6.81%	6.54%	6.49%

Note 33 Commitments and guarant

Note 33 Commitments and guarantees given (Details) - EUR (€) € in Millions		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		€ 188,515	€ 152,868	€ 136,920
Financial guarantees given Memorandum		22,503	18,839	16,511
Memorandum other commitments given		51,215	42,577	39,137
Total Loan commitments and financial guarantees		262,233	214,283	192,568
Defaulted [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		160	165	177
Financial guarantees given Memorandum	[1]	192	229	281
Memorandum other commitments given	[1]	439	636	689
Central banks [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		254	0	0
Financial guarantees given Memorandum		0	0	0
Memorandum other commitments given		0	0	0
Government [member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		3,247	3,115	3,031
Financial guarantees given Memorandum		183	74	96
Memorandum other commitments given		354	327	215
Banks [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		13,441	15,595	15,407
Financial guarantees given Memorandum		636	978	475
Memorandum other commitments given		6,447	3,607	4,134
Other financial corporations [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		8,656	7,063	5,895
Financial guarantees given Memorandum		2,843	2,177	1,263
Memorandum other commitments given		3,256	1,837	1,758
Non financial corporations [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		82,891	71,303	68,120
Financial guarantees given Memorandum		18,724	15,460	14,541
Memorandum other commitments given		41,005	36,681	32,858
Households [Member]
Financial guarantees and other commitments [Line Items]
Memorandum loan commitments given		80,026	55,791	44,467
Financial guarantees given Memorandum		116	150	135
Memorandum other commitments given		€ 153	€ 125	€ 171
[1](1) Non-performing financial guarantees given amounted to €631, €865, and €970 million, respectively, as of December 31, 2024, 2023 and 2022.

Note 36 Transactions on behalf

Note 36 Transactions on behalf of third parties breakdown by concepts (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Transactions on behalf of third parties [Line Items]
Financial instruments entrusted by third parties	€ 496,082	€ 430,377	€ 352,139
Conditional bills and other securities received for collection	13,460	12,125	11,738
Securities lending on behalf of third parties	5,700	6,397	3,223
Total transactions on behalf of third parties	€ 515,241	€ 448,899	€ 367,100

Note 37 Interest income breakdo

Note 37 Interest income breakdown by origin (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest income by origin [Line Items]
Interest income on financial assets held for trading		€ 5,951	€ 4,984	€ 2,079
Financial Assets At Fair Value Through Other Comprehensive Income Interest And Other Income		2,951	3,098	3,110
Financial Assets At Amortized Cost Interest And Other Income	[1]	50,243	38,328	25,258
Interest Income For Insurance Activity		1,448	1,052	1,309
Interest Income For Adjustment Interest On Accounting Coverage		702	91	(825)
Interest Income On Other Income	[2]	365	297	501
Interest income		€ 61,659	€ 47,850	€ 31,432
[1] (1) Includes interest on demand deposits at central banks and credit institutions. (2) Includes, among others, the net interest income accrued from funds obtained through TLTRO III operations, which amounted to €177 million for the year ended December 31, 2022 (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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Interest expense by origin [Line Items]
Interest expense on financial liabilities held for trading	€ 5,445	€ 3,834	€ 1,140
Interest expense on financial liabilities designated at fair value through profit or loss	170	130	58
Interest Expense For Financial Liabilities Measured At Amortised Cost	28,379	19,164	9,985
Interest Expense For Adjustment Interest On Accounting Coverage	1,097	809	(232)
Interest Expense For Insurance Activity	1,016	633	948
Interest Expense On Chargeable Cost To Pension Funds	173	110	76
Other Interest Expense	114	80	333
Interest expense	€ 36,392	€ 24,761	€ 12,309
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 38 Dividend income breakdo

Note 38 Dividend income breakdown by headline (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Dividend Income Breakdown By Headline [Line Items]
Dividend income		€ 120	€ 118	€ 123
Financial assets at fair value through profit or loss, category [member]
Dividend Income Breakdown By Headline [Line Items]
Dividend income		10	11	15
Financial assets at fair value through other comprehensive income, category [member]
Dividend Income Breakdown By Headline [Line Items]
Dividend income	[1]	€ 109	€ 107	€ 108
[1] (1) 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, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Fee and commission income [Line Items]
Bills receivables		€ 21	€ 24	€ 26
Demand Account		300	300	424
Credit and Debit Cards	[2]	7,106	4,665	3,499
Checks		166	175	162
Transfers and other payment orders		961	862	812
Insurance product commissions		461	384	261
Loan commitments given fee and commission income		322	307	259
Other Commitments And Financial Guarantees Given		530	471	420
Portfolio and other management fee income		1,685	1,407	1,228
Brokerage fee income		360	345	266
Custody securities income		221	207	193
Other fee and commission income		902	751	711
Fee and commission income		€ 13,036	€ 9,899	€ 8,260
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Points of Sale.

Note 40 Fees and commission exp

Note 40 Fees and commission expense (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Fee and commission expense [Line Items]
Demand accounts		€ 7	€ 6	€ 5
Credit and debit cards expenses	[2]	3,534	2,337	1,884
Transfers and other payment orders expenses		153	156	132
Commissions for selling insurance		47	40	54
Custody securities		101	111	92
Other fee and commission expense		1,206	961	721
Fee and commission expense		€ 5,048	€ 3,611	€ 2,888
[1] (1) Amounts corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Points of Sale.

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 327	€ 76	€ 64
Gains Losses On Derecognition Of Financial Assets At Amortized Cost	20	41	8
Gains Losses On Derecognition Of Other Financial Assets And Liabilities	307	35	56
Gains or losses on financial assets and liabilities held for trading net	2,458	1,352	562
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	2,458	1,352	562
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value	179	337	(67)
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	179	337	(67)
Gains or losses on financial assets and liabilities designated at fair value through profit or loss net	249	96	150
Gain (loss) on hedge ineffectiveness recognised in profit or loss	5	(17)	(45)
Subtotal gains or losses in financial assets and liabilities net	3,218	1,844	663
Foreign exchange gain (loss)	695	339	1,275
Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences	€ 3,913	€ 2,183	€ 1,938

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	€ 3,218	€ 1,844	€ 663
Debt securities [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	841	799	(2,266)
Equity investments [member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	553	669	(1,099)
Derivatives [member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	181	(812)	1,361
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	236	165	(241)
Customer deposits [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	(81)	(95)	274
Other [Member]
Gains Or Losses In Financial Assets And Liabilities Breakdown By Financial Instrument [Line Items]
Gains (losses) on financial assets and liabilities	€ 1,488	€ 1,118	€ 2,635

Note 41 Derivatives hedge accou

Note 41 Derivatives hedge accounting (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	€ 181	€ (812)	€ 1,361
Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	176	(795)	1,406
Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	5	(17)	(45)
Interest rate agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(21)	427	522
Securities agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	236	(402)	1,653
Credit derivative agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(123)	(56)	16
Foreign exchange agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(15)	(431)	(658)
Other agreements hedge accounting [Member] | Trading derivatives hedge accounting [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	99	(332)	(127)
Fair value hedges ineffectivenes [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	8	(10)	(51)
Hedging derivative fair value ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	(512)	(114)	(229)
Hedged item fair value ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	520	103	178
Cash flow hedges ineffectiveness [Member] | Hedging derivatives ineffectiveness [Member]
Derivatives hedge accounting [Line Items]
Derivatives- hedge accounting	€ (3)	€ (7)	€ 6

Note 42 Other operating income

Note 42 Other operating income (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Other operating income [Line Items]
Financial income from non financial services	€ 354	€ 347	€ 284
Other operating income	269	272	244
Miscellaneous other operating income	€ 623	€ 619	€ 528

Note 42 Other operating expense

Note 42 Other operating expense (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other operating expense [Line Items]
Change in inventories		€ 165	€ 151	€ 134
Contribution To Guaranteed Banks Deposits Funds	[1]	636	1,017	997
Hiperinflation Adjustments other operating expense	[2]	1,775	2,007	1,687
Other operating expense	[3]	1,374	867	620
Miscellaneous other operating expense		€ 3,951	€ 4,042	€ 3,438
[1] (1) In 2024, no contributions were made to the European Single Resolution Fund (SRF) since the constitution phase of the fund has been completed. Likewise, the Deposits Guarantee Fund of Credit Institutions in Spain reached in 2023 the minimum coverage level established by the European Regulation with respect to covered deposits, so that no additional contribution was necessary for this purpose during 2024, although prior contributions are maintained. (2) For the year ended December 31, 2024 it includes €1,419 million related to Argentina and €348 million related to Turkey. For the year ended December 31, 2023 it included €1,062 million related to Argentina and €916 million related to Turkey. For the year ended December 31, 2022, it included €822 million related to Argentina and €832 million related to Turkey (see Note 2.2.18). (3) For the year ended December 2024 and 2023, it includes €285 and €215 million, respectively, 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). The change compared to 2023 is mainly as a result of higher taxes in various geographies due to increased activity.

Note 43 Insurance And Reinsuran

Note 43 Insurance And Reinsurance Contracts In Income And Expense (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[2]
Insurance and reinsurance contracts in income and expense [Line Items]
Income arising from insurance contracts	[1]	€ 3,720	€ 3,081	€ 2,622
Expense arising from insurance contracts		(2,238)	(1,821)	(1,547)
Net income arising from insurance contracts		€ 1,482	€ 1,261	€ 1,075
[1] (2) In general, the transition 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. (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 43 Income by type of insur

Note 43 Income by type of insurance product (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Income by type of insurance product [Line Items]
Income by type of insurance products	€ 1,482	€ 1,261	€ 1,075
Life insurance contracts [member]
Income by type of insurance product [Line Items]
Income by type of insurance products	752	617	649
Individual life insurance contracts [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	656	590	573
Group insurance life insurance contracts [Member]
Income by type of insurance product [Line Items]
Income by type of insurance products	96	27	76
Non-life insurance contracts [member]
Income by type of insurance product [Line Items]
Income by type of insurance products	730	643	426
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	€ 730	€ 643	€ 426
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 44 Personnel Expenses Brea

Note 44 Personnel Expenses Breakdown (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Personnel expenses [Line Items]
Wages and salaries	€ 5,937	€ 5,068	€ 4,310
Social security contributions	1,007	834	708
Post-employment benefit expense, defined contribution plans	158	139	87
Defined benefit plan expense	51	49	42
Other employee expense	506	440	454
Employee benefits expense	€ 7,659	€ 6,530	€ 5,601
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 44 Administrative expenses

Note 44 Administrative expenses (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	[1]
Disclosure of Other administrative expense [Line Items]
Technology and systems	€ 1,732	€ 1,512	€ 1,391
Communication expense	261	219	195
Advertising expense	441	349	266
Property Fixtures And Materials expense	577	520	440
Taxes Other Than Income Tax	481	451	370
Surveillance and security service expense	255	234	214
Other expenses	1,253	1,090	897
Other expense, by function	€ 5,001	€ 4,375	€ 3,773
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

Note 45 Depreciation And Amorti

Note 45 Depreciation And Amortisation Expense (Details) - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Depreciation [Line Items]
Depreciation and amortisation expense	€ 1,533	€ 1,403	€ 1,328
Tangible assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	972	867	818
For own use depreciable assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	623	547	501
Right of use assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	343	317	312
Investment property [member]
Depreciation [Line Items]
Depreciation and amortisation expense	5	3	5
Intanbile assets [Member]
Depreciation [Line Items]
Depreciation and amortisation expense	€ 561	€ 536	€ 510

Note 46 Provisions or reversal

Note 46 Provisions or reversal of provisions (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Provisions or reversal of provisions [Line Items]
Pensions And Other Post Employment Defined Benefit Obligations Provisions	€ 3	€ 31	€ (89)
Commitments And Guarantees Given	(84)	76	87
Pending Legal Issues And Tax Litigation	191	171	210
Other provisions	88	95	84
Provisions or reversal of provisions	€ 198	€ 373	€ 291

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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	€ 58	€ 42	€ 76
Gains (losses) on financial assets at amortised cost	5,687	4,386	3,303
Gain on recovery of loans and advances previously written off	(403)	(369)	(390)
Impairment loss on financial assets	€ 5,745	€ 4,428	€ 3,379

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Impairment Or Reversal Of Impairment On Non Financial Assets [Line Items]
Impairment tangible assets	€ (29)	€ 16	€ (53)
Impairment loss recognised in profit or loss, intangible assets and goodwill	15	26	25
Impairment or reversal of impairment on other non financial assets	13	12	55
Impairment or reversal of impairment on non financial assets	€ (1)	€ 54	€ 27

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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		€ 66	€ 64	€ 102
Impairment Of Non Current Assets Held For Sale	[1]	(83)	(42)	(221)
Gains losses on sale of investments classified as non current assets held for sale		0	0	11
Gains losses on sale of equity instruments classified as non current assets held for sale		0	0	0
Gains (losses) from non current assets and disposal groups classified as held for sale not qualifying as discontinued operations		€ (17)	€ 22	€ (108)
[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).

Note 51 Liabilities from financ

Note 51 Liabilities from financing activities (Details) - EUR (€) € in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing activities liabilities [Line Items]
Debt instruments issued		€ 68,707	€ 55,429	€ 55,763
Subordinated certificates	[1]	15,832	12,485	14,794
Debt instruments issued		69,867	68,707	55,429
Subordinated certificates	[1]	19,556	15,832	12,485
Debt certificates [Member]
Financing activities liabilities [Line Items]
Cash flows liabilities from financing activities		627	13,283	(678)
Non-cash changes liabilities from financing activities		532	(5)	344
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		532	(5)	344
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	[1]	3,303	3,388	(1,945)
Non-cash changes liabilities from financing activities	[1]	421	(40)	(364)
Subordinated liabilities [Member] | Non-cash changes in liabilities from acquisition [Member]
Financing activities liabilities [Line Items]
Non-cash changes liabilities from financing activities	[1]	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	[1]	0	0	0
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	[1]	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	[1]	421	(40)	(364)
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	[1]	€ 0	€ 0	€ 0
[1] (1) There were €56, €35 and €24 million of subordinated deposits as of December 31, 2024, 2023 and 2022, respectively (see Note 22.4). In addition, there were coupon payments on subordinated liabilities for €388, €345 and €313 million in 2024, 2023 and 2022, 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, 2024	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]	€ 32.8	€ 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]	1.5	1.4	1
Fees for audits conducted by other firms	[2]	€ 0.1	€ 0.1	€ 0.1
[1] (2) Including fees pertaining to annual legal audits (€26.0 million as of December 31, 2024). (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, 2024	Dec. 31, 2023	Dec. 31, 2022
Other services rendered [Line Items]
Firms belonging to the EY worldwide organization	€ 0.2	€ 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, 2024	Dec. 31, 2023	Dec. 31, 2022
Fees for audits conducted [Line Items]
Legal audit of bbva sa or its companies under control	[1]	€ 8.5	€ 7.9	€ 7.6
Other audit services of bbva sa or its companies under control	[1]	5.6	5.4	5.2
Limited review of bbva sa or its companies under control	[1]	2	1.9	1.4
Reports related to issuances	[1]	1.2	1	0.4
Assurance services and other required by the regulator	[1]	€ 1.2	€ 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, the branch of BBVA in London and the branch of BBVA in Frankfurt.

Note 53 Balances Arising From T

Note 53 Balances Arising From Transactions With Entities Of The Group Explanatory (Details) - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Deposits from customers	€ 447,646	€ 413,487	€ 394,404	[1],[2]
Classes of assets [Domain]
Disclosure of transactions between related parties [line items]
Loans and advances to banks	13	5	9
Loans and advances to customers	639	791	1,842
Debt securities arising from transactions with entities of the Group	4	4	7
Classes of liabilities [domain]
Disclosure of transactions between related parties [line items]
Deposits from credit institutions	1	0	1
Deposits from customers	160	134	204
Memorandum accounts [Member]
Disclosure of transactions between related parties [line items]
Financial Guarantees Given Related Party Transactions	171	177	136
Other Commitments Given Related Party Transactions	784	595	751
Loan commitments given related party transactions	€ 117	€ 119	€ 10
[1] (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Profit and loss related party transactions [Line Items]
Interest Income And Other Similar Interests Related Party Transactions	€ 37	€ 44	€ 20
Interest Expense Related Party Transactions	4	4	2
Fee and commission income related parties transactions	7	4	5
Fee And Commission Expense Related Party Transactions	€ 55	€ 49	€ 40

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Director [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties		€ 2,176	€ 531	€ 668
Bank guarantees to related parties		0	0	0
Total for all related parties [member]
Nature of the transactions [Line Items]
Loans and credits to related parties		210	243	1,880
Bank guarantees to related parties		0	0	0
Senior management [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties	[1]	4,664	5,553	6,321
Bank guarantees to related parties	[1]	10	10	10
Related parties of senior management [Member]
Nature of the transactions [Line Items]
Loans and credits to related parties		688	727	764
Bank guarantees 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, 2024	Dec. 31, 2023
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	€ 4,250	€ 4,350
José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	625	593
Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	455	502
Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	223	0
Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	302	223
Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	512	461
Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	378	416
Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	195	173
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],[3]	85	342
Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	167	0
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],[3]	81	361
Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	364	307
Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0	112
Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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]	1,695
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] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	107
Board of Directors Chairman [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
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],[3]	32
Board of Directors Chairman [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	107
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],[3]	32
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],[5]	0
Board of Directors Chairman [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	129
Board of Directors Chairman [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	129
Executive Committee members
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	542
Executive Committee members | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executive Committee members | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executive Committee members | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Executive Committee members | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	167
Executive Committee members | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	42
Executive Committee members | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	0
Executive Committee members | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3]	0
Executive Committee members | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Executive Committee members | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Executive Committee members | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	0
Executive Committee members | 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]	497
Audit And Compliance Committee [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	165
Audit And Compliance Committee [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	22
Audit And Compliance Committee [Member] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	44
Audit And Compliance Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	66
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]	0
Audit And Compliance Committee [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	66
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],[3]	0
Audit And Compliance Committee [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	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],[3]	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],[5]	0
Audit And Compliance Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	71
Risk Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	107
Risk Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	214
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],[3]	0
Risk Committee [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	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],[3]	27
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],[5]	0
Risk Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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]	293
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] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Remuneration Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	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]	36
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],[3]	0
Remuneration Committee [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	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],[3]	0
Remuneration Committee [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	86
Remuneration Committee [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5]	0
Remuneration Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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]	293
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]	31
Appointments Committee [Member] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Appointments Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	0
Appointments Committee [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	46
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],[3]	12
Appointments Committee [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	31
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],[3]	12
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],[5]	0
Appointments Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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]	168
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] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2]	0
Technology And Cybersecurity Committee [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1]	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],[3]	0
Technology And Cybersecurity Committee [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4]	29
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],[3]	11
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],[5]	0
Technology And Cybersecurity Committee [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6]	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],[7]	130
Other positions [Member] | José Miguel Andrés Torrecillas [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	50
Other positions [Member] | Jaime Caruana Lacorte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Enrique Casanueva Nárdiz [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[2],[7]	0
Other positions [Member] | Sonia Dulá [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Raúl Galamba de Oliveira [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	80
Other positions [Member] | Belén Garijo López [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Connie Hedegaard [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Lourdes Maiz Carro [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | José Maldonado Ramos [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3],[7]	0
Other positions [Member] | Cristina de Parias Halcón [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[4],[7]	0
Other positions [Member] | Ana Peralta Moreno [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Juan Pi Llorens [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[3],[7]	0
Other positions [Member] | Ana Revenga Shanklin [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	0
Other positions [Member] | Susana Rodriguez Vidarte [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[5],[7]	0
Other positions [Member] | Carlos Salazar Lomelín [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[6],[7]	0
Other positions [Member] | Jan Verplancke [Member]
Remuneration For Non Executive Directors [Line Items]
Key management personnel compensation	[1],[7]	€ 0
[1] (1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2024. (4) Directors who left office on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. (5) Director appointed by the General Shareholders’ Meeting held on March 15, 2024. Remuneration in 2024 corresponding to the term in office in that financial year. In addition, the director Cristina de Parias Halcón received in the 2024 and 2023 financial years, €72 thousand and €76 thousand, respectively, as per diems for her attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. Likewise, in 2024, she received €56 thousand and 14,697 BBVA shares corresponding to the deferred portion of 2018 and 2019 annual variable remuneration accrued in her former condition of BBVA’s member of Senior Management, including the update of its cash portion. In 2025, the last payment of the deferred portion of 2019 annual variable remuneration, including the update of its cash portion, is due to this director (€30 thousand and 7,593 BBVA shares). (6) Director who left office on March 17, 2023. Remuneration in 2023 corresponding to the term in office in that financial year. (7) In addition, in financial years 2024 and 2023, the director Carlos Salazar Lomelín received €113 thousand and €67 thousand, respectively, as per diems for his attendance to the meetings of the management body of BBVA México, S.A. de C.V. and Grupo Financiero BBVA México, S.A. de C.V. and of the strategy forum of BBVA México, S.A. de CV. (2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director.

Note 54 Theoretical shares (Det

Note 54 Theoretical shares (Details) - shares		Dec. 31, 2024	Dec. 31, 2023
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	95,877	129,471
Theoretical shares accumulated as of December 31		634,254	849,685
José Miguel Andrés Torrecillas [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	13,407	16,023
Theoretical shares accumulated as of December 31		147,455	134,048
Jaime Caruana Lacorte [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	11,350	17,255
Theoretical shares accumulated as of December 31		106,310	94,960
Enrique Casanueva Nárdiz [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[2]	0	0
Theoretical shares accumulated as of December 31	[2]	0	0
Sonia Dulá [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[3]	5,042	0
Theoretical shares accumulated as of December 31	[3]	5,042	0
Raúl Galamba de Oliveira [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	10,423	10,091
Theoretical shares accumulated as of December 31		40,191	29,768
Belén Garijo López [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	9,401	10,603
Theoretical shares accumulated as of December 31		110,593	101,192
Connie Hedegaard [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	3,914	3,263
Theoretical shares accumulated as of December 31		7,177	3,263
Lourdes Maiz Carro [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	5,384	7,237
Theoretical shares accumulated as of December 31		76,977	71,593
José Maldonado Ramos [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[4]	7,735	10,397
Theoretical shares accumulated as of December 31	[4]	0	146,874
Cristina de Parias Halcón [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[2]	0	0
Theoretical shares accumulated as of December 31	[2]	0	0
Ana Peralta Moreno [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	5,384	7,237
Theoretical shares accumulated as of December 31		47,713	42,329
Juan Pi Llorens [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[4]	8,157	13,943
Theoretical shares accumulated as of December 31	[4]	0	148,542
Ana Revenga Shanklin [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	6,947	8,035
Theoretical shares accumulated as of December 31		31,161	24,214
Susana Rodriguez Vidarte [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1],[5]	0	13,648
Theoretical shares accumulated as of December 31	[5]	0	0
Carlos Salazar Lomelín [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	3,882	5,218
Theoretical shares accumulated as of December 31		21,012	17,130
Jan Verplancke [Member]
Deferred share Remuneration system [Line Items]
Theoretical shares allocated	[1]	4,851	6,521
Theoretical shares accumulated as of December 31		40,623	35,772
[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 General Shareholders’ Meetings of March 15, 2024 and March 17, 2023 which were €8.84 and €6.58 per share, respectively.[2](2) Directors appointed by the General Meeting held on March 15, 2024; accordingly, the allocation of theoretical shares is not due until 2025.[3] (3) Director appointed by the General Meeting held on March 17, 2023; accordingly, the first allocation of theoretical shares was made in 2024. (4) Directors who left office on March 15, 2024. In application of the system, José Maldonado Ramos and Juan Pi Llorens received a total of 154,609 and 156,699 BBVA shares, respectively, after leaving office, which is equivalent to the total theoretical shares accumulated up to that date by each of them. (5) 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 was equivalent to the total theoretical shares accumulated up to that date.

Note 54 Annual fixed remunerati

Note 54 Annual fixed remuneration (Details) - EUR (€) € in Thousands	Dec. 31, 2024	Dec. 31, 2023
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, 2024	[1]	Dec. 31, 2023	[2]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 1,568		€ 1,568
Annual variable remuneration BBVA directors in shares	162,211,000		188,485,000
Board of Directors Chairman [Member]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 897		€ 897
Annual variable remuneration BBVA directors in shares	92,803,000		107,835,000
Chief Executive Officer [Member]
Annual variable remuneration BBVA directors [Line Items]
Annual variable remuneration BBVA directors in cash	€ 671		€ 671
Annual variable remuneration BBVA directors in shares	69,408,000		80,650,000
[1] (1) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion (37%) of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2023 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached.

Nota 54 Deferred annual variabl

Nota 54 Deferred annual variable remuneration from previous financial years (Details) - EUR (€) € in Thousands	Dec. 31, 2024	[1]	Dec. 31, 2023	[2]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 1,550		€ 1,263
Deferred annual variable remuneration BBVA directors in shares	355,853,000		323,793
Board of Directors Chairman [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 867		€ 760
Deferred annual variable remuneration BBVA directors in shares	198,616,000		195,590
Board of Directors Chairman [Member] | 2023 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 221		€ 0
Deferred annual variable remuneration BBVA directors in shares	38,821,000		0
Board of Directors Chairman [Member] | 2022 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 236		€ 229
Deferred annual variable remuneration BBVA directors in shares	56,941,000		56,941,000
Board of Directors Chairman [Member] | 2021 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 228		€ 222
Deferred annual variable remuneration BBVA directors in shares	57,325,000		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	€ 181		€ 176
Deferred annual variable remuneration BBVA directors in shares	45,529,000		45,529
Board of Directors Chairman [Member] | 2018 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 0		€ 132
Deferred annual variable remuneration BBVA directors in shares	0		35,795
Chief Executive Officer [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 683		€ 503
Deferred annual variable remuneration BBVA directors in shares	157,237,000		128,203
Chief Executive Officer [Member] | 2023 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 166		€ 0
Deferred annual variable remuneration BBVA directors in shares	29,034,000		0
Chief Executive Officer [Member] | 2022 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 181		€ 176
Deferred annual variable remuneration BBVA directors in shares	43,793,000		43,793
Chief Executive Officer [Member] | 2021 [Member]
Deferred annual variable remuneration [Line Items]
Deferred annual variable remuneration BBVA directors in cash	€ 173		€ 169
Deferred annual variable remuneration BBVA directors in shares	43,552,000		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	€ 163		€ 158
Deferred annual variable remuneration BBVA directors in shares	40,858,000		40,858
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
[1] (1) Deferred remuneration payable after the 2024 year-end, including the update of its cash portion. Payment to the Chair and the Chief Executive Officer will take place in 2025 in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2023 Deferred AVR: the first payment of the Deferred STI (17.9% of the Deferred Portion) is due to executive directors. Thereafter, the second payment of the Deferred STI (17.9% of the Deferred Portion) and the 2023 LTI (64.2% of the Deferred Portion) will be deferred for both executive directors. The final amount of the 2023 LTI will depend on the result of the long-term indicators approved for its calculation once its measurement period has elapsed (at the end of 2026), which may range between an achievement of 0% to 150%. If the relevant conditions are met, the second payment of the Deferred STI will be made in 2026 and the three payments of the 2023 LTI will be made in 2027, 2028 and 2029. • 2022 Deferred AVR: the second payment (20% of the Deferred Portion) is due to executive directors. Thereafter, 60% of the 2022 Deferred AVR will be deferred for both executive directors, which, if the relevant conditions are met, will be paid in 2026, 2027, and 2028. • 2021 Deferred AVR: the third payment (20% of the Deferred Portion) is due to executive directors, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. Thereafter, 40% of the 2021 Deferred AVR will be deferred for both executive directors which, if the relevant conditions are met, will be paid in 2026 and 2027. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Its payment to the Chair and/or the Chief Executive Officer took place in 2024, in accordance with the vesting and payment rules set out in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment (20% of the Deferred Portion) was made to executive directors. • 2021 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, executive directors voluntarily waived the whole of their 2020 AVR. • 2019 Deferred AVR: in 2024, the second payment (20% of the Deferred Portion) was made to executive directors. • 2018 Deferred AVR: in 2024, the third and final payment (20% of the Deferred Portion) was made to the Chair. Following this, payment to the Chair of the 2018 Deferred AVR, which was associated with his former position as Chief Executive Officer, was completed.

Note 54 Pension systems executi

Note 54 Pension systems executive directors (Details) - EUR (€) € in Thousands		Dec. 31, 2024	Dec. 31, 2023
Executive directors [Line Items]
Executive directors retirement	[1]	€ 456	€ 458
Executive directors death and disability	[1]	472	552
Executive directors funds accumulated		26,893	24,759
Board of Directors Chairman [Member]
Executive directors [Line Items]
Executive directors retirement	[1]	456	458
Executive directors death and disability	[1]	252	322
Executive directors funds accumulated		26,893	24,759
Chief Executive Officer [Member]
Executive directors [Line Items]
Executive directors retirement	[1]	0	0
Executive directors death and disability	[1]	221	230
Executive directors funds accumulated		€ 0	€ 0
[1] (1) Contributions recognized to meet the pension commitments with the executive directors in financial years 2024 and 2023. In the case of the Chair, these relate to the sum of the annual retirement pension contribution and the adjustment made to the “discretionary pension benefits” for the financial years 2023 and 2022, the contribution of which to the accumulated fund was to be made in the financial years 2024 and 2023, respectively, as well as to the premiums for the death and disability contingencies. In the case of the Chief Executive Officer, the contributions recognized correspond exclusively to the insurance premiums paid by the Bank in 2024 and 2023 to cover the death and disability contingencies given that, in his case, the Bank has not undertaken any commitments to cover the contingency of retirement.

Note 54 Annual fixed remunera_2

Note 54 Annual fixed remuneration Senior management (Details) - EUR (€) € in Thousands		Dec. 31, 2024	Dec. 31, 2023
Annual fixed remuneration senior management [Line Items]
Senior management total annual fixed remuneration	[1]	€ 19,928	€ 18,187
[1] (1) 16 members as of December 31, 2024, and 15 members as of December 31, 2023, 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, 2024	[2]	Dec. 31, 2023	[3]
Annual variable remuneration senior management [Line Items]
Annual variable remuneration senior management in cash	[1]	€ 2,272		€ 2,229
Annual variable remuneration senior management in shares	[1]	235,016,000		267,628,000
[1] (3) 16 members as of December 31, 2024 and 15 members as of December 31, 2023, excluding executive directors in both cases. (1) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2024 and will be paid during the first quarter of financial year 2025, in equal parts in cash and BBVA shares. The remaining amount of the 2024 Annual Variable Remuneration (which includes the 2024 Long-Term Incentive) will be deferred over a 5-year period (40% in cash and 60% in shares or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2024 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached. (2) Upfront Portion of the Annual Variable Remuneration, which represents the first payment of the Short-Term Incentive for financial year 2023 and which was paid in 2024, in equal parts in cash and BBVA shares. The remaining amount of the 2023 Annual Variable Remuneration (which includes the 2023 Long-Term Incentive) was deferred over a 5-year period (40% in cash and 60% in shares and/or instruments linked to shares). The final amount of the Deferred AVR will depend on the result of the long-term indicators to be used to calculate the 2023 Long-Term Incentive. Likewise, and as an ex post risk adjustment mechanism, the Deferred AVR may be reduced if the capital and liquidity thresholds established to guarantee that payment occurs only if it is sustainable, in accordance with the Bank’s payment capacity, are not reached.

Note 54 Deferred annual variabl

Note 54 Deferred annual variable remuneration from previous years senior management (Details) - EUR (€) € in Thousands		Dec. 31, 2024	[2]	Dec. 31, 2023	[3]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 1,963		€ 2,885
Deferred annual variable remuneration senior management in shares	[1]	434,759		642,015
Senior management [Member] | 2023 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 576		€ 0
Deferred annual variable remuneration senior management in shares	[1]	98,636		0
Senior management [Member] | 2022 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 526		€ 493
Deferred annual variable remuneration senior management in shares	[1]	125,129		122,566
Senior management [Member] | 2021 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 490		€ 457
Deferred annual variable remuneration senior management in shares	[1]	119,207		116,528
Senior management [Member] | 2020 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 56		€ 1,494
Deferred annual variable remuneration senior management in shares	[1]	14,340		289,020
Senior management [Member] | 2019 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 314		€ 303
Deferred annual variable remuneration senior management in shares	[1]	77,447		77,447
Senior management [Member] | 2018 [Member]
Annual variable remuneration Deferred portion senior management [Line Items]
Deferred annual variable remuneration senior management in cash	[1]	€ 0		€ 139
Deferred annual variable remuneration senior management in shares	[1]	0		36,454
[1] (3) 16 members as of December 31, 2024 and 15 members as of December 31, 2023, excluding executive directors in both cases. (1) Deferred remuneration payable after 2024 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who are beneficiaries will take place in 2025 in accordance with the remuneration policies applicable in each financial year and the vesting and payment rules set forth therein applicable to each member of Senior Management, based on when they became such a member: • 2023 Deferred AVR: the first payment of the Deferred STI is due to members of Senior Management. • 2022 Deferred AVR: the second payment is due to members of Senior Management. • 2021 Deferred AVR: the third payment is due to members of Senior Management, after having verified that no reduction had to be made according to the result of the multi-year performance indicators approved in 2021 by the Board of Directors. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the whole of their 2020 AVR. Without prejudice to the foregoing, the second payment of the deferred portion of a success bonus on the sale of BBVA USA is due to one member of Senior Management — an executive of BBVA USA at that time —. • 2019 Deferred AVR: the third and final payment is due to the members of Senior Management that are beneficiaries. In addition, the third and final payment of the deferred portion of a retention plan is payable to one member of Senior Management. (2) Deferred remuneration which was payable after the 2023 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who were beneficiaries took place in 2024 in accordance with the vesting and payment rules set forth in the remuneration policies applicable in each financial year: • 2022 Deferred AVR: in 2024, the first payment was made to members of Senior Management. • 2021 Deferred AVR: in 2024, the second payment was made to members of Senior Management. • 2020 Deferred AVR: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the whole of their 2020 AVR. Without prejudice to the foregoing, in 2024 the deferred portion of a success bonus on the sale of BBVA USA was paid to two members of the Senior Management — who were executives of BBVA USA at that time —. In 2024, one of them received the whole of the deferred portion and the other one received the first payment of the deferred portion, in accordance with the vesting and payment rules set out in the remuneration policies applicable to each of them in that financial year. • 2019 Deferred AVR: in 2024, the second payment was made to the members of Senior Management who were beneficiaries. In addition, the second payment of the deferred portion of a retention plan was paid to a member of Senior Management. • 2018 Deferred AVR: in 2024, the third and final payment was made to the members of Senior Management who were beneficiaries.

Note 54 Pension commitments wit

Note 54 Pension commitments with members of Senior Management (Details) - Senior management [Member] - EUR (€) € in Thousands		Dec. 31, 2024	Dec. 31, 2023
Pension commitments with members of Senior Management [Line Items]
Senior management retirement	[1],[2]	€ 4,226	€ 3,829
Senior management death and disability	[1],[2]	1,181	1,102
Senior management funds accumulated	[1]	€ 40,549	€ 34,069
[1] (2) 16 members as of December 31, 2024, and 15 members as of December 31, 2023, excluding executive directors in both cases. (1) Contributions recognized to meet pension commitments with all Senior Management in financial years 2024 and 2023, which relate to the sum of the annual retirement pension contributions and the adjustments made to the “discretionary pension benefits” for 2023 and 2022 which were included in the accumulated fund in 2024 and 2023, respectively, and to the insurance premiums paid by the Bank for death and disability contingencies.