Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2019shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Banco Santander, S.A. |
Entity Central Index Key | 0000891478 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2019 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 16,618,114,582 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Entity Shell Company | false |
Consolidated Balance Sheets
Consolidated Balance Sheets € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
ASSETS | |||||
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND | € 101,067 | € 113,663 | [1],[2] | € 110,995 | [2] |
FINANCIAL ASSETS HELD FOR TRADING | 108,230 | 92,879 | [1] | 125,458 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 4,911 | 10,730 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 62,069 | 57,460 | [1] | 34,782 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 125,708 | 121,091 | [1] | ||
FINANCIAL ASSETS AVAILABLE-FOR-SALE | 122,845 | 118,420 | 133,271 | ||
FINANCIAL ASSETS AT AMORTISED COST | 995,482 | 946,099 | [1] | ||
LOANS AND RECEIVABLES | 903,013 | ||||
INVESTMENTS HELD-TO-MATURITY | 13,491 | ||||
HEDGING DERIVATIVES | 7,216 | 8,607 | [1] | 8,537 | |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RISK | 1,702 | 1,088 | [1] | 1,287 | |
INVESTMENTS | 8,772 | 7,588 | [1] | 6,184 | |
Joint ventures entities | 1,325 | 979 | [1] | 1,987 | |
Associated entities | 7,447 | 6,609 | [1] | 4,197 | |
ASSETS UNDER INSURANCE OR REINSURANCE CONTRACTS | 292 | 324 | [1] | 341 | |
TANGIBLE ASSETS | 35,235 | 26,157 | [1] | 22,974 | |
Property, plant and equipment | 34,262 | 24,594 | [1] | 20,650 | |
Investment property | 973 | 1,563 | [1] | 2,324 | |
Memorandum items: in lease | 5,051 | 98 | [1] | 96 | |
INTANGIBLE ASSETS | 27,687 | 28,560 | [1] | 28,683 | |
Goodwill | 24,246 | 25,466 | [1] | 25,769 | |
Other intangible assets | 3,441 | 3,094 | [1] | 2,914 | |
TAX ASSETS | 29,585 | 30,251 | [1] | 30,243 | |
Current tax assets | 6,827 | 6,993 | [1] | 7,033 | |
Deferred tax assets | 22,758 | 23,258 | [1] | 23,210 | |
OTHER ASSETS | 10,138 | 9,348 | [1] | 9,766 | |
Insurance contracts linked to pensions | 192 | 210 | [1] | 239 | |
Inventories | 5 | 147 | [1] | 1,964 | |
Other | 9,941 | 8,991 | [1] | 7,563 | |
NON-CURRENT ASSETS HELD FOR SALE | 4,601 | 5,426 | [1] | 15,280 | |
TOTAL ASSETS | 1,522,695 | 1,459,271 | [1] | 1,444,305 | |
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 77,139 | 70,343 | [1] | 107,624 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 60,995 | 68,058 | [1] | 59,616 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | 1,171,630 | [1] | 1,126,069 | |
HEDGING DERIVATIVES | 6,048 | 6,363 | [1] | 8,044 | |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 269 | 303 | [1] | 330 | |
LIABILITIES UNDER INSURANCE OR REINSURANCE CONTRACTS | 739 | 765 | [1] | 1,117 | |
PROVISIONS | 13,987 | 13,225 | [1] | 14,489 | |
TAX LIABILITIES | 9,322 | 8,135 | [1] | 7,592 | |
Current tax liabilities | 2,800 | 2,567 | [1] | 2,755 | |
Deferred tax liabilities | 6,522 | 5,568 | [1] | 4,837 | |
OTHER LIABILITIES | 12,792 | 13,088 | [1] | 12,591 | |
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE | 0 | 0 | [1] | 0 | |
TOTAL LIABILITIES | 1,412,036 | 1,351,910 | [1] | 1,337,472 | |
EQUITY | |||||
SHAREHOLDERS´ EQUITY | 122,103 | 118,613 | [1] | 116,265 | |
CAPITAL | 8,309 | 8,118 | [1] | 8,068 | |
Unpaid capital which has been called up | 0 | 0 | [1] | 0 | |
Uncalled up capital | 0 | 0 | [1] | 0 | |
SHARE PREMIUM | 52,446 | 50,993 | [1] | 51,053 | |
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL | 598 | 565 | [1] | 525 | |
Equity component of the compound financial instrument | 0 | 0 | [1] | 0 | |
OTHER EQUITY | 146 | 234 | [1] | 216 | |
ACCUMULATED RETAINED EARNINGS | 61,028 | 56,756 | [1] | 53,437 | |
REVALUATION RESERVES | 0 | 0 | [1] | 0 | |
Other reserves | (5,246) | (3,567) | [1] | (1,602) | |
Reserves or accumulated losses in joint ventures investments | 1,166 | 917 | [1] | 724 | |
Others | (6,412) | (4,484) | [1] | (2,326) | |
(-) OWN SHARES | (31) | (59) | [1] | (22) | |
PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT | 6,515 | 7,810 | [1] | 6,619 | |
(-) INTERIM DIVIDENDS | (1,662) | (2,237) | [1] | (2,029) | |
OTHER COMPREHENSIVE INCOME | (22,032) | (22,141) | [1] | (21,776) | |
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS | (4,288) | (2,936) | [1] | (4,034) | |
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS | (17,744) | (19,205) | [1] | (17,742) | |
NON-CONTROLLING INTEREST | 10,588 | 10,889 | [1] | 12,344 | |
Other comprehensive income | (982) | (1,292) | [1] | (1,436) | |
Other items | 11,570 | 12,181 | [1] | 13,780 | |
TOTAL EQUITY | 110,659 | 107,361 | [1],[3] | 106,833 | |
TOTAL LIABILITIES AND EQUITY | 1,522,695 | 1,459,271 | [1] | 1,444,305 | |
Provision for pensions and other employment defined benefit obligations | |||||
LIABILITIES | |||||
PROVISIONS | 6,358 | 5,558 | [1] | 6,345 | |
Provision for other long term employee benefits | |||||
LIABILITIES | |||||
PROVISIONS | 1,382 | 1,239 | [1] | 1,686 | |
Provision for taxes and other legal contingencies | |||||
LIABILITIES | |||||
PROVISIONS | 3,057 | 3,174 | [1] | 3,181 | |
Provision for contingent liabilities and commitments | |||||
LIABILITIES | |||||
PROVISIONS | 739 | 779 | [1] | 617 | |
Other provisions member | |||||
LIABILITIES | |||||
PROVISIONS | 2,451 | 2,475 | [1] | 2,660 | |
For own use | |||||
ASSETS | |||||
Property, plant and equipment | 15,041 | 8,150 | [1] | 8,279 | |
Leased out under an operating lease | |||||
ASSETS | |||||
Property, plant and equipment | 19,221 | 16,444 | [1] | 12,371 | |
Investment property | 823 | 1,195 | [1] | 1,332 | |
Derivatives | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 63,016 | 55,341 | [1] | 57,892 | |
Short positions | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 14,123 | 15,002 | [1] | 20,979 | |
Deposits | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 28,753 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 57,111 | 65,304 | [1] | 55,971 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 942,417 | 903,101 | [1] | 883,320 | |
Deposits - Central banks | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 282 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 12,854 | 14,816 | [1] | 8,860 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 62,468 | 72,523 | [1] | 71,414 | |
Deposits - Credit institutions | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 292 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 9,340 | 10,891 | [1] | 18,166 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 90,501 | 89,679 | [1] | 91,300 | |
Deposits - Customers | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 28,179 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 34,917 | 39,597 | [1] | 28,945 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 789,448 | 740,899 | [1] | 720,606 | |
Marketable debt securities | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 0 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,758 | 2,305 | [1] | 3,056 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 258,219 | 244,314 | [1] | 214,910 | |
Other financial liabilities | |||||
LIABILITIES | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | [1] | 0 | |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 126 | 449 | [1] | 589 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 30,109 | 24,215 | [1] | 27,839 | |
Derivatives | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 63,397 | 55,939 | [1] | 57,243 | |
Equity instruments | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 12,437 | 8,938 | [1] | 21,353 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,350 | 3,260 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 933 | ||||
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 2,863 | 2,671 | [1] | ||
FINANCIAL ASSETS AVAILABLE-FOR-SALE | 2,863 | 2,671 | 4,790 | ||
Debt instruments | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 32,041 | 27,800 | [1] | 36,351 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,175 | 5,587 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,186 | 3,222 | [1] | 3,485 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 118,405 | 116,819 | [1] | ||
FINANCIAL ASSETS AVAILABLE-FOR-SALE | 122,845 | 118,420 | 128,481 | ||
FINANCIAL ASSETS AT AMORTISED COST | 29,789 | 37,696 | [1] | ||
LOANS AND RECEIVABLES | 17,543 | ||||
INVESTMENTS HELD-TO-MATURITY | 13,491 | ||||
Loans and advances | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 355 | 202 | [1] | 10,511 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 386 | 1,883 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 58,883 | 54,238 | [1] | 30,364 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 4,440 | 1,601 | [1] | ||
FINANCIAL ASSETS AT AMORTISED COST | 965,693 | 908,403 | [1] | ||
LOANS AND RECEIVABLES | 885,470 | ||||
Loans and advances - Central banks | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 0 | 0 | [1] | 0 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 6,473 | 9,226 | [1] | 0 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | [1] | ||
FINANCIAL ASSETS AT AMORTISED COST | 18,474 | 15,601 | [1] | ||
LOANS AND RECEIVABLES | 24,947 | 24,827 | 26,278 | ||
Loans and advances - Credit institutions | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 0 | 0 | [1] | 1,696 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 2 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 21,649 | 23,097 | [1] | 9,889 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | [1] | ||
FINANCIAL ASSETS AT AMORTISED COST | 40,943 | 35,480 | [1] | ||
LOANS AND RECEIVABLES | 39,567 | ||||
Loans and advances - Customers | |||||
ASSETS | |||||
FINANCIAL ASSETS HELD FOR TRADING | 355 | 202 | [1] | 8,815 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 386 | 1,881 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 30,761 | 21,915 | [1] | 20,475 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 4,440 | 1,601 | [1] | ||
FINANCIAL ASSETS AT AMORTISED COST | 906,276 | 857,322 | [1] | ||
LOANS AND RECEIVABLES | 819,625 | ||||
FINANCIAL ASSETS HELD FOR TRADING | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 28,445 | 23,495 | [1] | 50,891 | |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 224 | 0 | [1] | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 8,430 | 6,477 | [1] | 5,766 | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 29,116 | 35,558 | [1] | ||
FINANCIAL ASSETS AVAILABLE-FOR-SALE | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 43,079 | ||||
FINANCIAL ASSETS AT AMORTISED COST | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 19,993 | 18,271 | [1] | ||
LOANS AND RECEIVABLES | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 8,147 | ||||
INVESTMENTS HELD-TO-MATURITY | |||||
ASSETS | |||||
Non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral | 6,996 | ||||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||||
LIABILITIES | |||||
Subordinated liabilities | 0 | 0 | [1] | 0 | |
FINANCIAL LIABILITIES AT AMORTISED COST | |||||
LIABILITIES | |||||
Subordinated liabilities | 21,062 | 23,820 | [1] | 21,510 | |
Loans commitment granted | |||||
EQUITY | |||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 241,179 | 218,083 | [1] | 207,671 | |
Financial guarantees granted | |||||
EQUITY | |||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,650 | 11,723 | [1] | 14,499 | |
Other commitments granted | |||||
EQUITY | |||||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 68,895 | € 74,389 | [1] | € 64,917 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Consolidated Income Statements
Consolidated Income Statements € in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€)€ / shares | Dec. 31, 2018USD ($) | [1] | Dec. 31, 2018EUR (€)€ / shares | Dec. 31, 2017EUR (€)€ / shares | ||
IFRS Statement [Line Items] | |||||||
Interest income calculated using the effective interest method | € 56,785 | € 54,325 | [1] | € 56,041 | |||
Other interest income | 4,662 | 2,284 | [1] | 2,561 | |||
Interest expense | (21,502) | (19,984) | [1] | (21,745) | |||
Interest income/ (charges) | 35,283 | 34,341 | [1] | 34,296 | |||
Dividend income | 533 | 370 | [1] | 384 | |||
Income from companies accounted for using the equity method | 324 | 737 | [1] | 704 | |||
Commission income | 15,349 | 14,664 | [1] | 14,579 | |||
Commission expense | (3,570) | (3,179) | [1] | (2,982) | |||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | 1,136 | 604 | [1] | 404 | |||
Financial assets at amortised cost | 308 | 39 | [1] | ||||
Other financial assets and liabilities | 828 | 565 | [1] | ||||
Gain or losses on financial assets and liabilities held for trading, net | 1,349 | 1,515 | [1] | 1,252 | |||
Reclassification of financial assets at fair value through other comprehensive income | 792 | 562 | [2] | ||||
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 292 | 331 | [1] | ||||
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | (286) | (57) | [1] | (85) | |||
Gain or losses from hedge accounting, net | (28) | 83 | [1] | (11) | |||
Exchange differences, net | (932) | (679) | [1] | 105 | |||
Other operating income | 1,797 | 1,643 | [1] | 1,618 | |||
Other operating expenses | (2,138) | (2,000) | [1] | (1,966) | |||
Income from assets under insurance and reinsurance contracts | 2,534 | 3,175 | [1] | 2,546 | |||
Expenses from liabilities under insurance and reinsurance contracts | (2,414) | (3,124) | [1] | (2,489) | |||
Total income | 49,229 | 48,424 | [1] | 48,355 | |||
Administrative expenses | (20,279) | (20,354) | [1] | (20,400) | |||
Staff costs | (12,141) | (11,865) | [1] | (12,047) | |||
Other general administrative expenses | (8,138) | (8,489) | [1] | (8,353) | |||
Depreciation and amortisation cost | (3,001) | (2,425) | [1] | (2,593) | |||
Provisions or reversal of provisions, net | (3,490) | (2,223) | [1] | (3,058) | |||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (9,352) | (8,986) | [1] | (9,259) | |||
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates, net | 0 | (17) | [1] | (13) | |||
Impairment or reversal of impairment on non-financial assets, net | (1,623) | (190) | [1] | (1,260) | |||
Tangible assets | (45) | (83) | [1] | (72) | |||
Intangible assets | (1,564) | (117) | [1] | (1,073) | |||
Others | (14) | 10 | [1] | (115) | |||
Gain or losses on non-financial assets and investments, net | 1,291 | 28 | [1] | 522 | |||
Negative goodwill recognised in results | 0 | 67 | [1] | 0 | |||
Gains or losses on non-current assets held for sale not classified as discontinued operations | (232) | (123) | [1] | (203) | |||
Operating profit/(loss) before tax | 12,543 | 14,201 | [1] | 12,091 | |||
Tax expense or income from continuing operations | (4,427) | (4,886) | [1] | (3,884) | |||
Profit from continuing operations | 8,116 | 9,315 | [1] | 8,207 | |||
Profit or loss after tax from discontinued operations | 0 | 0 | [1] | 0 | |||
Profit for the year | 8,116 | 9,315 | [1],[2],[3] | 8,207 | |||
Profit attributable to non-controlling interests | 1,601 | 1,505 | [1] | 1,588 | |||
Profit attributable to the parent | € 6,515 | € 7,810 | [1] | € 6,619 | |||
Earnings per share | |||||||
Basic (in euro per share) | € / shares | € 0.362 | € 0.449 | [1] | € 0.404 | |||
Diluted (in euro per share) | € / shares | € 0.361 | € 0.448 | [1] | € 0.403 | |||
Financial assets at fair value through other comprehensive income, category | |||||||
IFRS Statement [Line Items] | |||||||
Interest income calculated using the effective interest method | € 3,571 | € 4,481 | [1] | € 4,384 | |||
Dividend income | 111 | 106 | |||||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (12) | (1) | [1] | ||||
Financial assets at amortised cost, category | |||||||
IFRS Statement [Line Items] | |||||||
Interest income calculated using the effective interest method | 48,552 | 47,560 | [1] | 49,096 | |||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (9,340) | (8,985) | [1] | (8) | |||
Financial assets held for trading, category | |||||||
IFRS Statement [Line Items] | |||||||
Dividend income | € 388 | € 241 | 234 | ||||
Reclassification of financial assets at fair value through other comprehensive income | $ | $ 0 | $ 0 | |||||
Reclassification of financial assets at amortised cost | $ | 0 | 0 | |||||
Financial assets at fair value through profit or loss, mandatorily measured at fair value, category | |||||||
IFRS Statement [Line Items] | |||||||
Reclassification of financial assets at fair value through other comprehensive income | $ | 0 | 0 | |||||
Reclassification of financial assets at amortised cost | $ | $ 0 | $ 0 | |||||
Financial assets available for sale, category | |||||||
IFRS Statement [Line Items] | |||||||
Dividend income | 150 | ||||||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (10) | ||||||
Loans and receivables, category | |||||||
IFRS Statement [Line Items] | |||||||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (9,241) | ||||||
Held-to-maturity investments, category | |||||||
IFRS Statement [Line Items] | |||||||
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | € 0 | ||||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Consolidated Statements of Reco
Consolidated Statements of Recognized Income and Expense - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | [2] | Dec. 31, 2017 | |
Statement of comprehensive income [abstract] | ||||
Profit (loss) | € 8,116 | € 9,315 | [1],[3] | € 8,207 |
OTHER RECOGNISED INCOME AND EXPENSE | 419 | (1,899) | (7,320) | |
Items that will not be reclassified to profit or loss | (1,351) | 332 | (88) | |
Actuarial gains and losses on defined benefit pension plans | (1,677) | 618 | (157) | |
Non-current assets held for sale | 0 | 0 | 0 | |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | 1 | 1 | 1 | |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (29) | (174) | ||
Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net | 0 | 0 | ||
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 44 | 0 | ||
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (44) | 0 | ||
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (156) | 109 | ||
Income tax relating to items that will not be reclassified | 510 | (222) | 68 | |
Items that may be reclassified to profit or loss | 1,770 | (2,231) | (7,232) | |
Hedges of net investments in foreign operations (effective portion) | (1,151) | (2) | 614 | |
Revaluation gains (losses) | (1,151) | (2) | 614 | |
Amounts transferred to income statement | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Exchanges differences | 1,396 | (1,874) | (8,014) | |
Revaluation gains (losses) | 1,396 | (1,874) | (8,014) | |
Amounts transferred to income statement | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Cash flow hedges (effective portion) | 8 | 174 | (441) | |
Revaluation gains (losses) | (1,104) | 491 | 501 | |
Amounts transferred to income statement | 1,112 | (317) | (942) | |
Transferred to initial carrying amount of hedged items | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Financial assets available-for-sale | 683 | |||
Revaluation gains (losses) | 1,137 | |||
Amounts transferred to income statement | (454) | |||
Other reclassifications | 0 | |||
Hedging instruments (items not designated) | 0 | 0 | ||
Revaluation gains (losses) | 0 | 0 | ||
Amounts transferred to income statement | 0 | 0 | ||
Other reclassifications | 0 | 0 | ||
Debt instruments at fair value with changes in other comprehensive income | 2,414 | (591) | ||
Revaluation gains (losses) | 2,588 | (29) | ||
Amounts transferred to income statement | (792) | (562) | ||
Other reclassifications | 618 | 0 | ||
Non-current assets held for sale | 0 | 0 | 0 | |
Revaluation gains (losses) | 0 | 0 | 0 | |
Amounts transferred to income statement | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Share of other recognised income and expense of investments | (27) | (77) | (70) | |
Income tax relating to items that may be reclassified to profit or loss | (870) | 139 | (4) | |
Total recognised income and expenses for the year | 8,535 | 7,416 | 887 | |
Attributable to non-controlling interests | 1,911 | 1,396 | 1,005 | |
Attributable to the parent | € 6,624 | € 6,020 | € (118) | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Consolidated Statements of Chan
Consolidated Statements of Changes in Total Equity - EUR (€) € in Millions | Total | Capital | Share premium | Equity instruments issued (not capital) | Other equity instruments | Accumulated retained earnings | Revaluation reserves | Other reserves | (-) Own shares | Profit attributable to shareholders of the parent | (-) Interim dividends | Other comprehensive income | Non-controlling interest, other comprehensive income non-controlling interests | Non-controlling interest, other elements | ||
Equity at beginning of period at Dec. 31, 2016 | [1] | € 102,699 | € 7,291 | € 44,912 | € 0 | € 240 | € 49,953 | € 0 | € (949) | € (7) | € 6,204 | € (1,667) | € (15,039) | € (853) | € 12,614 | |
Total recognised income and expense | 887 | 6,619 | (6,737) | (583) | 1,588 | |||||||||||
Other changes in equity | 3,247 | 777 | 6,141 | 525 | (24) | 3,484 | 0 | (653) | (15) | (6,204) | (362) | (422) | ||||
Issuance of ordinary shares | 7,467 | 777 | 6,141 | 6 | 543 | |||||||||||
Issuance of other financial instruments | 1,117 | 525 | 592 | |||||||||||||
Capital reduction | (10) | (10) | ||||||||||||||
Dividends | (3,496) | (802) | (2,029) | (665) | ||||||||||||
Purchase of equity instruments | (1,309) | (1,309) | ||||||||||||||
Disposal of equity instruments | 1,320 | 26 | 1,294 | |||||||||||||
Transfers between equity items | 4,286 | 251 | (6,204) | 1,667 | ||||||||||||
Increases (decreases) due to business combinations | (39) | (39) | ||||||||||||||
Share-based payment | (48) | (72) | 24 | |||||||||||||
Others increases or (-) decreases of the equity | (1,755) | 48 | (936) | (867) | ||||||||||||
Equity at end of period at Dec. 31, 2017 | 106,833 | 8,068 | 51,053 | 525 | 216 | 53,437 | 0 | (1,602) | (22) | 6,619 | (2,029) | (21,776) | (1,436) | 13,780 | ||
Total recognised income and expense | 7,416 | [2] | 7,810 | (1,790) | (109) | 1,505 | ||||||||||
Other changes in equity | (5,548) | 50 | (60) | 40 | 18 | 3,319 | 0 | (492) | (37) | (6,619) | (208) | (1,559) | ||||
Issuance of ordinary shares | 50 | (60) | 10 | |||||||||||||
Dividends | (3,892) | (968) | (2,237) | (687) | ||||||||||||
Purchase of equity instruments | (1,026) | (1,026) | ||||||||||||||
Disposal of equity instruments | 989 | 989 | ||||||||||||||
Transfers between equity items | 4,287 | 303 | (6,619) | 2,029 | ||||||||||||
Increases (decreases) due to business combinations | (601) | 59 | (660) | |||||||||||||
Share-based payment | (57) | (74) | 17 | |||||||||||||
Others increases or (-) decreases of the equity | (961) | 40 | 92 | (864) | (229) | |||||||||||
Equity at end of period at Dec. 31, 2018 | [4] | 107,361 | [3] | 8,118 | 50,993 | 565 | 234 | 56,756 | 0 | (3,567) | (59) | 7,810 | (2,237) | (22,141) | (1,292) | 12,181 |
Total recognised income and expense | 8,535 | 6,515 | 109 | 310 | 1,601 | |||||||||||
Other changes in equity | (4,846) | 191 | 1,453 | 33 | (88) | 4,272 | 0 | (1,288) | 28 | (7,810) | 575 | (2,212) | ||||
Issuance of ordinary shares | 1,673 | 191 | 1,453 | 28 | 1 | |||||||||||
Capital reduction | (2) | (2) | ||||||||||||||
Dividends | (3,612) | (1,055) | (1,662) | (895) | ||||||||||||
Purchase of equity instruments | (928) | (928) | ||||||||||||||
Disposal of equity instruments | 950 | (6) | 956 | |||||||||||||
Transfers between equity items | 5,327 | 246 | (7,810) | 2,237 | ||||||||||||
Increases (decreases) due to business combinations | 110 | 110 | ||||||||||||||
Share-based payment | (88) | (88) | ||||||||||||||
Others increases or (-) decreases of the equity | (2,949) | 33 | 0 | (1,556) | (1,426) | |||||||||||
Equity at end of period at Dec. 31, 2019 | € 110,659 | € 8,309 | € 52,446 | € 598 | € 146 | € 61,028 | € 0 | € (5,246) | € (31) | € 6,515 | € (1,662) | € (22,032) | € (982) | € 11,570 | ||
[1] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 | |||
Statement of cash flows [abstract] | ||||||
CASH FLOWS FROM OPERATING ACTIVITIES | € 3,389 | € 3,416 | € 40,188 | |||
Profit (loss) | 8,116 | 9,315 | [2],[3] | 8,207 | ||
Adjustments made to obtain the cash flows from operating activities | 23,990 | 21,714 | 23,927 | |||
Depreciation and amortisation cost | 3,001 | 2,425 | 2,593 | |||
Other adjustments | 20,989 | 19,289 | 21,334 | |||
Net increase/(decrease) in operating assets | 64,593 | 51,550 | 18,349 | |||
Financial assets held-for-trading | 15,450 | (31,656) | (18,114) | |||
Non-trading financial assets mandatorily at fair value through profit or loss | (6,098) | 5,795 | ||||
Financial assets at fair value through profit or loss | 4,464 | 16,275 | 3,085 | |||
Financial assets at fair value through other comprehensive income | 1,693 | (2,091) | ||||
Financial assets available-for-sale | 2,494 | |||||
Financial assets at amortised cost | 49,541 | 61,345 | ||||
Loans and receivables | 32,379 | |||||
Other operating assets | (457) | 1,882 | (1,495) | |||
Net increase/(decrease) in operating liabilities | 38,469 | 27,279 | 30,540 | |||
Financial liabilities held-for-trading | 6,968 | (36,315) | 1,933 | |||
Financial liabilities designated at fair value through profit or loss | (8,858) | 8,312 | 19,906 | |||
Financial liabilities at amortised cost | 47,622 | 60,730 | 12,006 | |||
Other operating liabilities | (7,263) | (5,448) | (3,305) | |||
Income tax recovered/(paid) | (2,593) | (3,342) | (4,137) | |||
CASH FLOWS FROM INVESTING ACTIVITIES | (7,229) | 3,148 | (4,008) | |||
Payments | 14,289 | 12,936 | 10,134 | |||
Tangible assets | 12,766 | 10,726 | 7,450 | |||
Intangible assets | 1,377 | 1,469 | 1,538 | |||
Investments | 63 | 11 | 8 | |||
Subsidiaries and other business units | 83 | 730 | 838 | |||
Non-current assets held for sale and associated liabilities | 0 | 0 | 0 | |||
Held-to-maturity investments | 300 | |||||
Other payments related to investing activities | 0 | 0 | 0 | |||
Proceeds | 7,060 | 16,084 | 6,126 | |||
Tangible assets | 4,091 | 3,670 | 3,211 | |||
Intangible assets | 0 | 0 | 0 | |||
Investments | 686 | 2,327 | 883 | |||
Subsidiaries and other business units | 218 | 431 | 263 | |||
Non-current assets held for sale and associated liabilities | 2,065 | 9,656 | 1,382 | |||
Held-to-maturity investments | 387 | |||||
Other proceeds related to investing activities | 0 | 0 | 0 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | (10,122) | (3,301) | 4,206 | |||
Payments | 12,159 | 7,573 | 7,783 | |||
Dividends | 3,773 | 3,118 | 2,665 | |||
Subordinated liabilities | 5,123 | 2,504 | 2,007 | |||
Redemption of own equity instruments | 0 | 0 | 0 | |||
Acquisition of own equity instruments | 928 | 1,026 | 1,309 | |||
Other payments related to financing activities | 2,335 | 925 | 1,802 | |||
Proceeds | 2,037 | 4,272 | 11,989 | |||
Subordinated liabilities | 1,090 | 3,283 | 2,994 | |||
Issuance of own equity instruments | 0 | 0 | 7,072 | |||
Disposal of own equity instruments | 947 | 989 | 1,331 | |||
Other proceeds related to financing activities | 0 | 0 | 592 | |||
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 1,366 | (595) | (5,845) | |||
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (12,596) | 2,668 | 34,541 | |||
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 113,663 | [1],[4] | 110,995 | 76,454 | ||
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 101,067 | 113,663 | [4] | 110,995 | [1] | |
COMPONENTS OF CASH AND CASH EQUIVALENTS AT END OF THE YEAR | ||||||
TOTAL CASH AND CASH EQUIVALENTS AT END OF THE YEAR | € 101,067 | € 113,663 | [4] | € 110,995 | [1] | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[3] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Introduction, basis of presenta
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information | Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information a) Introduction Banco Santander, S.A. (“the Bank” or “Banco Santander”) is a private-law entity subject to the rules and regulations applicable to banks operating in Spain. The Bylaws and other public information on the Bank can be consulted at its registered office at Paseo de Pereda 9-12, Santander. In addition to the operations carried on directly by it, the Bank is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Santander Group (“the Group”). Therefore, the Bank is obliged to prepare, in addition to its own separate financial statements, the Group's consolidated financial statements, which also include the interests in joint ventures and investments in associates. At 31 December 2019 , the Group consisted of 685 subsidiaries of Banco Santander, S.A. In addition, other 169 companies are associates of the Group, joint ventures or companies of which the Group holds more than 5% (excluding the Group companies of negligible interest with respect to the fair presentation that the annual accounts must express). b) Basis of presentation of the consolidated financial statements (consolidated annual accounts) Under Regulation (EC) no. 1606/2002 of the European Parliament and of the Council of July 19, 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January, 2005 in conformity with the International Financial Reporting Standards (“IFRSs”) previously adopted by the European Union (“EU-IFRSs”). In order to adapt the accounting system of Spanish credit institutions to the new standards, the Bank of Spain issued Circular 4/2004, of 22 December on Public and Confidential Financial Reporting Rules and Formats, which was repealed on 1 January 2018 by the Circular 4/2017 issued by the Bank of Spain on 27 November 2017 and subsequent modifications. The Group's consolidated financial statements for 2019 were authorised by the Bank's directors (at the board meeting on 27 February 2020 ) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain Circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in Note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2019 , 2018 and 2017 and the consolidated results of its operations and the consolidated cash flows in 2019 , 2018 and 2017 . These consolidated financial statements were prepared from the accounting records kept by the Bank and by the other Group entities, and include the adjustments and reclassifications required to unify the accounting policies and measurement bases applied by the Group. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board (“IFRS - IASB” and together with IFRS adopted by the European Union, “IFRS”). The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements. Adoption of new standards and interpretations issued The following modifications came into force and were adopted by the European Union in 2019 : • IFRS 16 Leases On 1 January 2019 , IFRS 16 Leases became effective. IFRS 16 establishes the principles for the recognition, measurement, presentation and breakdown of lease contracts, with the objective of ensuring reporting information that faithfully represents the lease transactions. The Group has adopted the standard, using the modified retrospective approach from 1 January 2019 , not restating the comparative financial statements for 2018, as permitted under the specific transitional provisions of the standard. The adoption of IFRS 16 has led to changes in the Group's accounting policies for the recognition, measurement, presentation and breakdown of lease contracts. The main aspects contained in the new regulations and the breakdowns relating to the impact of the adoption of IFRS 16 in the Group are included below: a) Lease accounting policy Since 1 January 2019 , when the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group. Each lease payment is allocated between the liability and the finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year. The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments: - Fixed payments ( including inflation-linked payments ), less any lease incentive receivable, - Variable lease payments that depend on an index or rate, - The amounts expected to be paid by the lessee under residual value guarantees, - The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option, and - Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option. Lease payments are discounted using the interest rate implicit in the lease. Given in certain situations this interest rate cannot be obtained, the discount rate used in this cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This methodology is based on the need for each Entity to consider its economic and financial situation, for which the following factors must be considered: - Economic and political situation (country risk). - Credit risk of the company. - Monetary policy. - Volume and seniority of the company’s debt instrument issues. The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group Entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an "all in rate" (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Group entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread. Right-of-use assets are valued at cost which includes the following: - The amount of the initial measurement of the lease liability, - Any lease payment made at or before the commencement date less any lease incentive received, - Any initial direct costs, and - Restoration costs. The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months ( a lease that contains a purchase option is not a short term lease) . b) Recognised effects on the adoption of the standard With the adoption of IFRS 16, the Group recognised lease liabilities in relation to leases previously classified as "operating leases" under the principles of IAS 17 Leases in force at 31 December 2018. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee's incremental borrowing rate at 1 January 2019 . At the date of first application, the weighted average discount rate was 4.5% , mainly due to the contribution of rented properties in Spain. For leases previously classified as finance leases, the Group recognised the carrying amount of the lease asset and lease liability immediately before transition as the carrying amount of the right-of-use asset and lease liability on the initial effective date. The measurement principles in IFRS 16 apply only after that date. The Group has considered the practical expedients defined in paragraph C10 of the standard in the application of the modified retrospective method. Such application was made on a contract-by-contract basis, and not on a generalised basis. A reconciliation between the operating lease commitments at 31 December 2018 and the lease liability recognised at 1 January 2019 is detailed below: Million euros Operating lease commitments at 31 December 2018 8,699 Amount of operating lease commitments discounted by the Group rate 6,550 (+) Liabilities under finance leases at 31 December 2018 96 (-) Short-term leases recognised as expenses on a straight-line basis (20 ) (-) Low-value leases recognised as expenses on a straight-line basis (2 ) (-) Contracts revalued as service contracts — (+)/(-) Adjustments resulting from different treatment of extension and termination options 556 (+)/(-) Adjustments related to changes in the index or rate affecting variable payments — Lease liability at 1 January 2019 7,180 As a result of the adoption of IFRS 16, the impact of the first application recorded by the Group corresponds, mainly, to the recognition of right-of-use for an amount of EUR 6,693 million , financial liabilities for an amount of EUR 7,084 million and a negative impact on the Group's equity of EUR 391 million . The impact of the first application of IFRS 16 on the ordinary capital ratio (Common Equity Tier 1 - CET 1) was - 20 b.p. • IBOR (Interest Borrowing Offering Rate) Reform on Reference Interest Rates (Amendments to IFRS 9, IAS 39 and IFRS 7) - The Group applies IAS 39 for hedge accounting and, therefore, the amendments to IFRS 9 referred to in this section are not applicable to it. The contractual cash flows of the accounting hedges, both of the hedged items and of the hedging instruments, which are based on a reference interest rate that currently exists, will be modified by the substitution of said rate by an alternative interest rate or modification of its calculation methodology, in order to adapt it to the new regulatory requirements. The amendments to the standard permit the temporary application of certain exceptions to compliance with hedge accounting requirements that may be directly affected by the IBOR reform, specifically requirements regarding highly probable future transactions in cash flow hedges, prospective and retrospective effectiveness (exemption from compliance with the 80-125% effectiveness ratio) and the need to identify the risk component separately. These exemptions are no longer applicable when: - uncertainty regarding the timing and amount of cash flows based on the benchmark is no longer present, or - the coverage relationship is interrupted. The amendments to IAS 39 will apply to all hedging relationships directly affected by uncertainties related to the IBOR reform for annual periods beginning on or after 1 January 2020, with the possibility of early application. In this regard, following their entry into force for use in the European Union, the Group has chosen to apply the amendments to IAS 39 and IFRS 7 in the preparation of the financial statements for the year ended 31 December 2019. The exceptions given by the amendments to IAS 39 mean that the IBOR reform had no impact on the hedging relationships affected in the year ended 31 December 2019. The m ain assumptions or judgements made by the Group in applying the amendments to IAS 39 are detailed below: – For cash flow hedges, the Group has assumed that the cash flows covered (which are based on the benchmark index) are not modified as a result of the aforementioned reform, and therefore continue to comply with the highly probable future transaction requirement. – To determine the prospective effectiveness of hedges, the Group has assessed that the economic relationship between the hedged item and the hedging instrument continues to exist since the interest rate benchmark on which the hedged item and the hedging instrument are based is not changed as a result of the IBOR reform. Subsequently, the nominal amount of the hedging instruments corresponding to the hedging relationships directly affected by uncertainties related to the IBOR reform is shown: Million euros 2019 GBP LIBOR USD LIBOR Others Total Total hedging instruments affected Cash flow hedges 28,077 21,894 2,213 52,184 Fair value hedges 64,629 15,758 3,248 83,635 92,706 37,652 5,461 135,819 With maturity after the transition date Cash flow hedges 15,692 7,421 1,863 24,975 Fair value hedges 53,180 11,467 2,849 67,497 68,872 18,888 4,712 92,472 In order to manage the transition process to the new reference rates, the Group has established a global corporate project to identify the risks and challenges arising from this reform, with the involvement of senior management, and which extends to all the affected geographies and businesses. In addition, Santander is continuously monitoring all regulatory and market developments and is actively participating in the discussion forums created by the various public authorities in order to support an orderly transition to the new interest rates. • IFRIC 23: Uncertainty about the treatment of income tax - applies to the determination of taxable profit or loss, tax bases, unused tax loss carry forwards, unused tax credits and tax rates when there is uncertainty about the treatment of taxes under IAS 12. • Amendment to IFRS 9 Financial Instruments: prepayment features with negative compensation - allows entities to measure certain financial assets prepayable with a negative offset at amortised cost. These assets, which include some loans and debt securities, would have had to be measured at fair value through profit or loss. In order to apply measurement at amortised cost, the negative offset must be 'reasonable compensation for early termination of the contract' and the asset must be maintained within a 'held-to-collect' business model. • Amendment to IAS 28 Investments in associates and joint ventures - the amendments clarify the accounting for long-term interests in an associate or joint venture, which are essentially part of the net investment in the associate or joint venture, but to which equity accounting is not applied. Entities must account for such interest under IFRS 9 Financial Instruments before applying the allocation of losses and IAS 28 impairment requirements in Investments in associates and joint ventures. • Amendment to IAS 19 Employee Benefits - clarifies the accounting of the amendments, reductions and settlements on defined benefit plans. • Amendment to IFRS 2015-2017 introduces minor amendments to IFRS 3, IFRS 11, IAS 12 and IAS 23: - IFRS 3, Business Combinations - clarifies that obtaining control of a business that is a joint venture is a business combination achieved in stages. - IFRS 11 Joint Arrangements - clarifies that the party that obtains joint control of a business that is a joint venture should not reassess its previous interest in the joint venture. - IAS 12 Income Taxes - clarifies that the income tax consequences of dividends on financial instruments classified as equity should be recognised according to where the past transactions or events that generated distributable profits were recognised. - IAS 23 Borrowing Costs - clarifies that if a specific loan remains outstanding after the related qualifying asset is ready for sale or intended use, it becomes part of generic loans. The application of the aforementioned amendments to accounting standards and interpretations did not have any material effects on the Group's consolidated financial statements. At the date of formulation of these consolidated annual accounts, the following amendments with an effective date subsequent to 31 December 2019 were in force: • Modification of IFRS conceptual framework: The IFRS Framework, which sets out the fundamental concepts of financial reporting, is amended. The revised Framework includes: a new chapter about measurement; guidance on financial reporting; improved definitions, in particular the definition of liabilities; and clarifications such as management functions, prudence and measurement uncertainty in financial reporting. It will apply from 1 January 2020. • Modification of IAS 1 Presentation of financial statements and IAS 8 Accounting policies, changes in accounting estimates and errors which use a consistent definition of materiality throughout International Financial Reporting Standards and the Conceptual Framework for Financial Reporting, clarify when information is material and incorporate some of the guidance in IAS 1 about immaterial information. It will apply from 1 January 2020. Lastly, at the date of formulation of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2019 had not yet been adopted by the European Union: • Modification of IFRS 3 Business combinations - amendments are introduced. The amendments are intended to assist entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition. IFRS 3 continues to adopt a market participant’s perspective to determine whether an acquired set of activities and assets is a business. The amendments are mainly due to: clarify the minimum requirements for a business; remove the assessment of whether market participants are capable of replacing any missing elements; add guidance to help entities assess whether an acquired process is substantive; narrow the definitions of a business and of outputs; and introduce an optional fair value concentration test. It will apply from 1 January 2020. • IFRS 17 Insurance contracts - new comprehensive accounting standard for insurance contracts, which includes recognition, measurement, presentation and disclosure. It will apply from 1 January 2021. • Classification of liabilities, amendments to IAS 1, Presentation of Financial Statements, considering non-current liabilities, those in which the entity has the possibility of deferring payment for more than 12 months from the end of the reporting period. The Group is currently analysing the possible effects of these new standards and interpretations. All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2019 were applied in their preparation. c) Use of critical estimates The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by the directors of the Bank in preparing the consolidated financial statements. The main accounting policies and measurement bases are set forth in Note 2. In the consolidated financial statements estimates were occasionally made by the senior management of the Bank and of the consolidated entities in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following: • The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see Notes 6, 7, 10, 12, 13, 16, 17 and 18); • The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see Note 25); • The useful life of the tangible and intangible assets (see Notes 16 and 18); • The measurement of goodwill arising on consolidation (see Note 17); • The calculation of provisions and the consideration of contingent liabilities (see Note 25); • The fair value of certain unquoted assets and liabilities (see Notes 6, 7, 8, 9, 10, 11, 20, 21 and 22); • The recoverability of deferred tax assets (see Note 27); and • The fair value of the identifiable assets acquired and the liabilities assumed in business combinations (see Note 3). Although these estimates were made on the basis of the best information available at 2019 year-end, and considering updated information at the date of preparation of these consolidated financial statements, future events might make it necessary to change these estimates (upwards or downwards) in coming years. Changes in accounting estimates would be applied prospectively, recognising the effects of the change in estimates in the related consolidated income statement. d) Information relating to 2018 and 2017 In July 2014, the IASB published IFRS 9, which was adopted with the subsequent amendments by the Group on 1 January 2018. As permitted by the regulation itself, the Group has chosen not to reclassify the comparative financial statements without having reclassified under these criteria the information relating to the year ended 31 December 2017 so that it is not comparative. However, the company has included a reconciliation of balances as of 31 December 2017 under IAS 39 and the corresponding balances as of 1 January 2018 under IFRS 9 where the effect of the first application of the rule is broken down. IFRS 9 establishes the requirements for recognition and measurement of both financial instruments and certain types of non-financial-purchase contracts. The aforementioned requirements should be applied retrospectively, adjusting the opening balance at 1 January, 2018 , not requiring restatement of the comparative financial statements. The adoption of IFRS 9 has resulted in changes in the Groups’ accounting policies for the recognition, classification and measurement of financial assets and liabilities and financial assets impairment. IFRS 9 also significantly modifies other standards related to financial instruments such as IFRS 7 "Financial instruments: disclosure”. Additionally, IFRS 9 includes new hedge accounting requirements which have a twofold objective: to simplify current requirements, and to bring hedge accounting in line with risk management, allowing to be a greater variety of derivative financial instruments which may be considered to be hedging instruments. Furthermore, additional breakdowns are required providing useful information regarding the effect which hedge accounting has on financial statements and also on the entity’s risk management strategy. The treatment of macro-hedges is being developed as a separate project under IFRS 9. Entities have the option of continuing to apply IAS 39 with respect to accounting hedges until the project has been completed. According to the analysis performed until now, the Group applies IAS 39 in hedge accounting. For breakdowns of the notes, according to the regulations in force, the amendments relating to IFRS 7 have only been applied to the years 2019 and 2018. The breakdowns of comparative information period notes related to 2017, maintain the applicable breakdowns made in that period. The following breakdowns relate to the impact of the adoption of IFRS 9 in the Group: i. Classification and measurement of financial instruments The following table shows a comparison between IAS 39 as of 31 December 2017 and IFRS 9 as of 1 January 2018 of the reclassified financial instruments in accordance with the new requirements of IFRS 9 regarding classification and measurement (without impairment), as well as its book value: IAS 39 IFRS 9 Balance Portfolio Book value Portfolio Book value Equity instruments Financial assets available for sale (including those that were valued at cost at December) 2,154 Non-trading financial assets mandatorily at fair value through profit or loss 1,651 Financial assets at fair value through other comprehensive income 533 Debt instruments Loans and receivables 1,537 Non-trading financial assets mandatorily at fair value through profit or loss 1,497 457 Financial assets at fair value through other comprehensive income 486 Financial assets available for sale 96 Non-trading financial assets mandatorily at fair value through profit or loss 96 6,589 Financial assets at amortised cost 6,704 203 Financial assets held for trading 203 Financial assets at fair value through profit or loss 199 Non-trading financial assets mandatorily at fair value through profit or loss 199 Investments held-to-maturity 13,491 Financial assets at amortised cost 13,491 Loans and advances Loans and receivables 10,179 Non-trading financial assets mandatorily at fair value through profit or loss 611 Financial assets at fair value through profit or loss 9,577 Loans and receivables 1,069 Financial assets at fair value through other comprehensive income 1,107 Financial assets held for trading 43 Financial assets at fair value through profit or loss 1,152 Financial assets at amortised cost 1,102 Derivatives Derivatives – hedging accounting (liabilities) 10 Derivatives - financial liabilities held for trading 10 ii. Reconciliation of impairment provisions from IAS 39 to IFRS 9 The following table shows a comparison between IAS 39 as of 31 December 2017 and IFRS 9 as of 1 January, 2018 of the impairment provisions of the financial instruments in accordance with the new requirements of IFRS 9: Million euros IAS 39 Impairment IFRS 9 31/12/2017 01/01/2018 Financial assets at amortised cost 24,682 1,974 26,656 Loans and advances 23,952 2,002 25,954 Debt instruments 730 (28 ) 702 Financial assets at fair value through other comprehensive income — 2 2 Debt instruments — 2 2 Commitments and guarantees granted 617 197 814 Total 25,299 2,173 27,472 Additionally, there was an impairment impact on Investments in joint ventures and associates of EUR 34 million. iii. Balance sheet reconciliation from IAS 39 to IFRS 9 The following table shows in detail the reconciliation the consolidated balance sheet under IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 distinguishing between the impacts due to classification and measurement and due to impairment once adopted IFRS 9: IAS 39 Naming Classification and Impairment impact IFRS 9 ASSETS (Million euros) 31/12/17 01/01/18 Cash, cash balances at central banks and other deposits on demand 110,995 — — — 110,995 Financial assets held for trading 125,458 — 160 — 125,618 Derivatives 57,243 — — — 57,243 Equity instruments 21,353 — — — 21,353 Debt instruments 36,351 — 203 — 36,554 Loans and advances 10,511 — (43 ) — 10,468 Non-trading financial assets mandatorily at fair value through profit or loss 933 4,054 c — 4,987 Equity instruments 933 1,651 — 2,584 Debt instruments — 1,792 — 1,792 Loans and advances — 611 — 611 Financial assets designated at fair value through profit or loss 34,782 (933 ) 8,226 — 42,075 Equity instruments 933 (933 ) — — Debt instruments 3,485 — (199 ) — 3,286 Loans and advances 30,364 — 8,425 a — 38,789 Financial assets at fair value through other comprehensive income 124,229 2,126 (2 ) 126,353 Equity instruments 2,636 533 — 3,169 Debt instruments 121,593 486 (2 ) 122,077 Loans and advances — 1,107 — 1,107 Financial assets available-for-sale 133,271 (124,229 ) (9,042 ) — Equity instruments 4,790 (2,636 ) (2,154 ) c — Debt instruments 128,481 (121,593 ) (6,888 ) b — Financial assets at amortised cost 889,779 a 21,297 (1,982 ) d 909,094 Debt instruments 15,557 b 20,195 b 20 35,772 Loans and advances 874,222 1,102 (2,002 ) 873,322 Loans and receivables 903,013 (889,779 ) a (13,242 ) 8 Debt instruments 17,543 (15,557 ) (1,994 ) c 8 Loans and advances 885,470 (874,222 ) (11,248 ) a,c — Investments held to maturity 13,491 — (13,491 ) b — — Investments 6,184 — — (34 ) 6,150 Other assets** 117,111 — 6 680 e 117,797 TOTAL ASSETS 1,444,305 — 94 (1,330 ) 1,443,069 * Due to the entry into force of Bank of Spain Circular 4/2017. ** Includes Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Assets under insurance or reinsurance contracts, Tangible assets, Intangible assets, Tax assets, Other assets and Non-current assets held for sale. a. The amount of the item Loans and receivables at 31 December 2017 is reclassified into Financial assets at amortised cost. Nevertheless, the Group maintained a portfolio of loans and receivables for an approximate amount of EUR 8,600 million, which relate mainly to Brazil, which was designated at amortised cost; as a result of the initial implementation of IFRS 9 this portfolio has been designated as fair value and finally it has been reclassified as ‘Financial assets designated at fair value through profit or loss’. b. Instruments classified as Investments held to maturity at 31 December 2017 have been reclassified into Financial assets available-for-sale because of the initial implementation of IFRS 9. Additionally, after the review of the business model of cash flow portfolio in different locations, the group has identified certain groups of assets classified at 31 December 2017 as Financial assets available-for-sale, which relate mainly to Mexico, Brazil and Consumer Finance business, whose management is oriented towards the maintenance of financial instruments in a portfolio until maturity end; because of that, this asset group has been reclassified as Financial assets at amortised cost. c. The Group has reclassified in Non-trading financial assets mandatory at fair value through profit or loss those financial instruments which have not comply with the SPPI test (solely payments of principal and interest) classified at 31 December 2017 mainly in Loans and receivables and Financial assets available for sale, which relate mainly to the UK, Spain and Poland. d. It corresponds to the increase in provisions for impairment of the value of the assets included in the item Financial assets at amortised cost derived from the change in accounting policy. e. This corresponds with increase on provisions for the tax effect referred in section d. IAS 39 Naming Classification and Impairment impact IFRS 9 LIABILITIES (Million euros) 31/12/2017 01/01/2018 Financial liabilities held for trading 107,624 — 10 — 107,634 Derivatives 57,892 — 10 — 57,902 Short positions 20,979 — — — 20,979 Deposits 28,753 — — — 28,753 Marketable debt securities — — — — — Other financial liabilities — — — — — Financial liabilities designated at fair value through profit or loss 59,616 — — — 59,616 Deposits 55,971 — — — 55,971 Marketable debt securities 3,056 — — — 3,056 Other financial liabilities 589 — — — 589 Financial liabilities at amortised cost 1,126,069 — — — 1,126,069 Deposits 883,320 — — — 883,320 Marketable debt securities 214,910 — — — 214,910 Other financial liabilities 27,839 — — — 27,839 Hedging derivatives 8,044 — (10 ) — 8,034 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 330 — — — 330 Provisions 14,489 — — 197 14,686 Contingent liabilities and commitments 617 — — 197 814 Other provisions* 13,872 — — — 13,872 Other liabilities ** 21,300 — 41 (3 ) 21,338 TOTAL LIABILITIES 1,337,472 — 41 194 1,3 |
Accounting policies
Accounting policies | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Accounting policies | Accounting policies The accounting policies applied in preparing the consolidated financial statements were as follows: a) Foreign currency transactions i. Presentation currency The Bank’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro. ii. Translation of foreign currency balances Foreign currency balances are translated to euros in two consecutive stages: • Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates); and • Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro. Translation of foreign currency to the functional currency Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate. Furthermore: • Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition. • Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined. • Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates. • The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity. Translation of functional currencies to euros The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows: • Assets and liabilities, at the closing rates. • Income and expenses, at the average exchange rates for the year. • Equity items, at the historical exchange rates. iii. Recognition of exchange differences The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under Exchange differences in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences ( except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated other comprehensive income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value through other comprehensive income (see Note 29). The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense of investments in subsidiaries, joint ventures and associates (see Note 29), until the related item is derecognised, at which time they are recognised in profit or loss. Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity–Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses on defined benefit pension plans (see Note 29). iv. Entities located in hyperinflationary economies Exchange differences arising on the translation to the Group´s presentation currency of financial statements denominated in functional currencies other than euro for subsidiaries located in countries with high inflation rates are recorded in the consolidated statement of changes in total equity-Other reserves. At 31 December 2017, no ne of the functional currencies of the consolidated subsidiaries and associates located abroad corresponded to those of countries considered to have highly inflationary and hyperinflationary economies, in accordance with the criteria established in this connection by the International Financial Reporting Standards adopted by the European Union. Consequently, at the end of the year it was not necessary to adjust the financial statements of any consolidated or associated entity to correct for the effects of inflation. In 2018 the economic situation in Argentina, especially the evolution of the index deteriorated, which caused, among other impacts, a significant increase in inflation, which by the end of that year had reached 48% per year (147% accumulated in three years),). This situation led the Group to conclude that it was necessary to apply IAS 29 for hyperinflationary economies - Financial Information in Hyperinflationary Economies - to its activities in the country in question in its consolidated financial statements for that year, and this situation will continue in 2019. Consequently, at 1 January 2018, an amount of EUR 1,716 million was reclassified in the statement of total changes in equity from the heading Accumulated Other Comprehensive Income - Translation Differences to the heading Other Reserves, corresponding to the exchange rate losses for 2017 and earlier. In addition, at that date the historical cost of the non-monetary assets and liabilities and the various items of equity of the Argentine companies from their date of acquisition or inclusion in the consolidated balance sheet was adjusted to reflect the changes in the purchasing power of the currency resulting from inflation, and was recorded; consequently, a credit to Other reserves of EUR 131 million was recorded in Other reserves. From that moment: - The historical cost of non-monetary assets and liabilities and equity items continues to be adjusted to, considering the changes in the purchasing power of the currency due to inflation, in accordance with the official indices published by the National Institute of Statistics and Censuses (INDEC). In accordance with the provisions of the Argentine Federation of Professional Councils in Economic Sciences (FCPCE), which is the organization that issues the professional accounting standards in said country, the indexes result from combining the National Consumer Price Index (CPI) with the Wholesale Internal Price Index (WPI), which at closing) until 30 November 2016 and the National Consumer Price Index (CPI) as from 1 December 2016. Inflation during the year reached 54%. - The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in Other reserves. - The loss on the net monetary position is recorded in the result for the year, with a credit to Other reserves. - All components of the financial statements of the Argentine companies are translated at the closing exchange rate, with the corresponding exchange rate at December 31, 2019 of Argentine pesos 67.26 per euro (Argentine pesos 43.12 per euro at 31 December 2018). The net impact of these effects on Other reserves in 2019 was a loss of 154 million euros ( 398 million euros in 2018). v. Exposure to foreign currency risk The Group hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see Note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges. The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Group companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances. The estimated effect on the consolidated equity attributable to the Group and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar (161.3 ) (162.3 ) (157.9 ) (3.5 ) (4.1 ) (1.4 ) Chilean peso (21.8 ) (22.9 ) (29.0 ) (2.3 ) (5.1 ) (1.8 ) Pound sterling (189.2 ) (171.2 ) (176.6 ) (3.9 ) (4.5 ) (3.1 ) Mexican peso (22.6 ) (18.3 ) (16.0 ) (3.3 ) (1.7 ) (1.2 ) Brazilian real (71.6 ) (85.6 ) (93.1 ) (10.4 ) (5.6 ) (6.5 ) Polish zloty (38.3 ) (36.2 ) (34.5 ) (1.2 ) (4.2 ) (1.5 ) Argentine peso (6.9 ) (7.8 ) (7.4 ) (1.2 ) (0.6 ) (3.5 ) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar 164.6 165.6 161.1 3.5 4.2 1.5 Chilean peso 22.2 23.4 29.6 2.4 5.2 1.8 Pound sterling 193.0 174.7 180.2 4.0 4.6 3.2 Mexican peso 23.1 18.6 16.3 3.4 1.8 1.2 Brazilian real 73.1 87.4 95.0 10.6 5.7 6.6 Polish zloty 39.0 36.9 35.2 1.2 4.2 1.5 Argentine peso 7.0 8.0 7.6 1.3 0.6 3.6 The above data were obtained as follows: a) Effect on consolidated equity: in accordance with the accounting policy detailed in Note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations. b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in Note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place. The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2019 , 2018 and 2017 . b) Basis of consolidation i. Subsidiaries Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation. On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see Note 17). Negative differences are recognised in profit or loss on the date of acquisition. Additionally, the share of third parties of the Group’s equity is presented under Non-controlling interests in the consolidated balance sheet (see Note 28). Their share of the profit for the year is presented under Profit attributable to non-controlling interests in the consolidated income statement. The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal. At 31 December 2019 the Group controls the following company in which it holds an ownership interest of less than 50% of the share capital, Luri 1, S.A. apart from the structured consolidated entities. The percentage ownership interest in the aforementioned company is 46% (See Appendix I). Although the Group holds less than half the voting power, it manages and, as a result, exercises control over this entity. The company´s corporate purpose for the entity is the acquisition of real estate and other general operations relating thereto, including rental, and the purchase and sale of properties; the company object of the latter entity is the provision of payment services. The impact of the consolidation of this company on the Group's consolidated financial statements is immaterial. The Appendices contain significant information on the subsidiaries. ii. Interests in joint ventures Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control. In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein. The Appendices contain relevant information on the joint ventures. iii. Associates Associates are entities over which the Bank is in a position to exercise significant influence, but not control or joint control. It is presumed that the Bank exercises significant influence if it holds 20% or more of the voting power of the investee. In the consolidated financial statements, investments in associates are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with an associate are eliminated to the extent of the Group’s interest in the associate. There are certain investments in entities which, although the Group owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. These investments are not significant for the Group. There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements. The Appendices contain significant information on the associates. iv. Structured entities When the Group incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes (also called structured entities since the voting or similar power is not a key factor in deciding who controls the entity), the Group determines, using internal criteria and procedures and taking into consideration the applicable legislation, whether control (as defined above) exists and, therefore, whether these entities should be consolidated. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors: • Percentage of ownership held by the Group; 20% is established as the general threshold. • Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect the Group’s ability to direct the relevant activities. • Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager. • Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors. • Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion. These structured entities also include the securitisation special purpose vehicles (“SPV”), which are consolidated in the case of the SPVs over which, being exposed to variable yield, it is considered that the Group continues to exercise control. The exposure associated with unconsolidated structured entities are not material with respect to the Group’s consolidated financial statements. v. Business combinations A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities. Business combinations whereby the Group obtains control over an entity or a business are recognised for accounting purposes as follows: • The Group measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination. • The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree. • Any positive difference between the aforementioned items is recognised as discussed in Note 2.m. Any negative difference is recognised under negative goodwill recognised in the consolidated income statement. Goodwill is only calculated and recognised once, when control of a business or an entity is obtained. vi. Changes in the levels of ownership interests in subsidiaries Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves. Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in Other Comprehensive income of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss. vii. Acquisitions and sales Note 3 provides information on the most significant acquisitions and sales in the last three years. c) Definitions and classification of financial instruments i. Definitions A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. An equity instrument is a contract that evidences a residual interest in the assets of the issuing entity after deducting all of its liabilities. A financial derivative is a financial instrument whose value changes in response to the change in an observable market variable (such as an interest rate, foreign exchange rate, financial instrument price, market index or credit rating), whose initial investment is very small compared with other financial instruments with a similar response to changes in market factors, and which is generally settled at a future date. Hybrid financial instruments are contracts that simultaneously include a non-derivative host contract together with a derivative, known as an embedded derivative, that is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. Compound financial instruments are contracts that simultaneously create for their issuer a financial liability and an own equity instrument (such as convertible bonds, which entitle their holders to convert them into equity instruments of the issuer). The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (“CCPSs”) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses- are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity. Capital perpetual preference shares (“CPPSs”), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments. The following transactions are not treated for accounting purposes as financial instruments: • Investments in associates and joint ventures (see Note 13). • Rights and obligations under employee benefit plans (see Note 25). • Rights and obligations under insurance contracts (see Note 15). • Contracts and obligations relating to employee remuneration based on own equity instruments (see Note 34). ii. Classification of financial assets for measurement purposes Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as Non-current assets held for sale or they relate to Cash, cash balances at central banks and other deposits on demand, Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side), Hedging derivatives and Investments, which are reported separately. Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows. The Group's business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors: • How key management staff are assessed and reported on the performance of the business model and the financial assets held in the business model. • The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed. • How business managers are remunerated. • The frequency and volume of sales in previous years, as well as expectations of future sales. The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included: • The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 2%. • The contractual clauses that may modify the cash flows of the financial asset, for which the structure of the cash flows before and after the activation of such clauses is analysed. • Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument. Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases. The Group uses the following criteria for the classification of financial debt instruments: • Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a “basic financing agreement”. • Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a “basic financing agreement”. • Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a “basic financing agreement”. In this section it can be enclosed the portfolios classified under “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Financial assets at fair value through profit or loss”. In this regard, the most of the financial assets presented in the category of "Financial assets designated at value reasonable with change in results" are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of "held for trading", and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries. Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) in the initial moment. The Group has generally applied this option to the equity instruments classified as “Available-for-sale” at 31 December 2017 under IAS 39. In general, the Group has applied this option in the case of equity instruments classified under "Available for Sale" at 31 December 2017 under IAS 39. Until 31 December 2017, the Group applied IAS 39, under which the following three categories existed that are not applicable under IFRS 9 (see Note 1.d): • Financial assets available-for-sale: this category includes debt instruments not classified as Held-to-maturity investments, Loans and receivables or Fin ancial assets at fair value through profit or loss, and equity instruments issued by entities other than subsidiaries, associates and joint ventures, provided that such instruments have not been classified as Financial assets held for trading or as Financial assets designated at fair value through profit or loss. • Loans and receivables: this category includes the investment arising from ordinary lending activities, such as the cash amounts of loans drawn down and not yet repaid by customers or the deposits placed with other institutions, whatever the legal instrument, unquoted debt securities and receivables from the purchasers of goods, or the users of services, constituting part of the Group's business. • Investments held-to-maturity: this category includes debt instruments with fixed maturit y and with |
Santander Group
Santander Group | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about business combination [abstract] | |
Santander Group | Santander Group a) Banco Santander, S.A. and international Group structure The growth of the Group in the last decades has led the Bank to also act, in practice, as a holding entity of the shares of the various companies in its Group, and its results are becoming progressively less representative of the performance and earnings of the Group. Therefore, each year the Bank determines the amount of the dividends to be distributed to its shareholders on the basis of the consolidated net profit, while maintaining the Group’s objectives of capitalisation and taking into account that the transactions of the Bank and of the rest of the Group are managed on a consolidated basis (notwithstanding the allocation to each company of the related net worth effect). At the international level, the various banks and other subsidiaries, joint ventures and associates of the Group are integrated in a corporate structure comprising various holding companies which are the ultimate shareholders of the banks and subsidiaries abroad. The purpose of this structure, all of which is controlled by the Bank, is to optimise the international organisation from the strategic, economic, financial and tax standpoints, since it makes it possible to define the most appropriate units to be entrusted with acquiring, selling or holding stakes in other international entities, the most appropriate financing method for these transactions and the most appropriate means of remitting the profits obtained by the Group’s various operating units to Spain. The Appendices provide relevant data on the consolidated Group companies and on the companies accounted for using the equity method. b) Acquisitions and disposals Following is a summary of the main acquisitions and disposals of ownership interests in the share capital of other entities and other significant corporate transactions performed by the Group in the last three years: i. Agreement for the acquisition of 50.1% of Ebury On 4 November 2019, Banco Santander, S.A. announced a strategic investment in Ebury, one of the best payment and currency platforms for SMEs, worth GBP 350 million (approximately EUR 400 million ). In accordance with the conditions of the operation, Santander will acquire 50.1% of Ebury for GBP 350 million , of which GBP 70 million correspond to new shares (approximately EUR 80 million ) to support the company's plans to enter in new markets in Latin America and Asia. As of 31 December 2019, the Group had acquired a 6.4% interest in Ebury for a price of GBP 40 million (approximately EUR 45 million ), pending the rest of the investment in compliance with the usual suspensive conditions in this type of operations, including obtaining regulatory approvals. The rest of the investment is expected to be completed in 2020. ii. Agreement with Crédit Agricole S.A. on the depositary and custody business On 17 April 2019, Banco Santander, S.A. announced that it had signed a memorandum of understanding with Crédit Agricole S.A. with the purpose of combining CACEIS and its subsidiaries (the “CACEIS Group”), which is wholly-owned by Crédit Agricole S.A., with Santander Securities Services, S.A.U. and its subsidiaries (the “S3 Group”), which is wholly-owned by Banco Santander, S.A. The operation consists of the contribution by the Santander Group to the CACEIS Group of 100% of the S3 Group in Spain and 50% of the S3 Group's business in Latin America in exchange for a 30.5% stake in the CACEIS Group Capital and voting rights. The remaining 69.5% remains the property of Crédit Agricole, SA. The S3 Group's Latin American business is under the joint control of the CACEIS Group and the Santander Group. On 27 June 2019, the signing of the final contracts took place after having carried out the precise prior consultations with the representative bodies of Credit Agricole, SA employees and the CACEIS Group. The closing of the operation took place on 20 December, 2019 once the relevant regulatory authorizations were obtained. The operation has generated a net capital gain of EUR 693 million recorded for its gross amount under the heading of non-classified assets as non-current assets for sale of the consolidated profit and loss account, of which EUR 219 million correspond to the recognition at fair value of the investment of 49.99% retained by the Group in S3 Latin America. The 30.5% interest in the CACEIS GROUP has been recorded under the heading of Investments - Associates of the consolidated balance sheet for an amount of EUR 1,010 million . iii. Offer to acquire shares of Banco Santander Mexico, S.A., Institución de Banca Multiple, Grupo Financiero Santander México. On 12 April 2019, Banco Santander, S.A. announced its intention to make an offer to acquire all the shares of Banco Santander Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ("Santander México") which are not owned by Grupo Santander, representing approximately 25% of the share capital of Santander México. The shareholders who have accepted the offer have received 0.337 newly issued shares of Banco Santander, S.A. per share of Santander México and 1.685 American Depositary Shares (ADSs) of Banco Santander, S.A. per ADS of Santander México. The offer was accepted by holders of shares representing 16.69% of the capital stock of Santander Mexico, so the Group's participation in Santander Mexico has become 91.65% of its share capital. To meet the exchange, the Bank proceeded to issue, in execution of the agreement adopted by the extraordinary general meeting held on 23 July 2019, 381,540,640 shares, which represented approximately 2.35% of the Bank's share capital in the date of issue. This operation meant an increase of 191 million euros in Capital, 1,491 million euros in issue premium and a decrease of 670 million euros in Reserves and 1,012 million euros in minority interests. iv. Reorganization of the banking insurance business, asset management and pension plans in Spain On 24 June 2019, Banco Santander, S.A. reached an agreement with the Allianz Group to terminate the agreement that Banco Popular Español, S.A.U. (“Banco Popular”) held in Spain with the Allianz Group for the exclusive distribution of certain life insurance products, non-life insurance products, collective investment institutions, and pension plans through the Banco Popular network (the “Agreement”). The Agreement was executed on 15 January 2020 for the non-life business and on 31 January 2020 for the remaining businesses, once the regulatory authorisations were obtained in the first half of 2020. The execution of the Termination Agreement entailed the payment by Banco Santander of a total consideration of EUR 859 million (after deducting the dividends paid until the end of the operation). It is expected that, subject to the fulfilment of certain suspensive conditions, 51% of the life-risk insurance business held by Banco Santander and 51% of the new General Insurance line of business from Banco Popular's network not transferred to Mapfre (in accordance with the agreement indicated below) will be acquired by Aegon. These transactions are not expected to have a significant impact on the Group's income statement. In addition, under the agreement reached between Banco Santander and Mapfre on 21 January 2019, 50.01% of the car, commercial, SME and corporate liability insurance business throughout Banco Santander's network in Spain was acquired by Mapfre on 25 June 2019 for EUR 82 million . v. Sale of the 49% stake in WiZink Once the relevant regulatory authorizations were obtained, on 6 November 2018, the operations related to the agreement reached with entities managed by Värde Partners, Inc (“Varde") and with WiZink Bank, S.A. (“WiZink”) communicated by the Group on 26 March 2018 by virtue of which: i. Banco Santander, S.A. sold its 49% stake in WiZink to Varde for EUR 1,043 million , with no significant impact on the Group's results and, ii. Banco Santander, S.A. and Banco Santander Totta, S.A. acquired the business of credit and debit cards marketed by Grupo Banco Popular in Spain and Portugal that WiZink had acquired in 2014 and 2016. As a result of this transaction, the Group paid a total of EUR 681 million , receiving net assets worth EUR 306 million (mainly customer loans worth EUR 315 million ), with the business combination generating a goodwill of EUR 375 million , managed by the businesses in Spain. With these transactions, the Group resumed Grupo Banco Popular's debit and credit card business, which improves the commercial strategy. vi. Acquisition of the retail banking and private banking business of Deutsche Bank Polska S.A. On 14 December 2017, the Group announced that its subsidiary Santander Bank Polska S.A. (previously Bank Zachodni WBK S.A.) together with Banco Santander, S.A., had reached an agreement with Deutsche Bank, A.G. for the acquisition (through a carve out) of the retail and private banking business of Deutsche Bank Polska S.A., excluding the foreign currency mortgage portfolio and the CIB (Corporate & Investment Banking) business, and including the asset management company DB Securities, S.A. (Poland). In November 2018, once the regulatory authorisations had been received and approved by the general shareholders' meetings of Santander Bank Polska S.A. and Deutsche Bank Polska, S.A., the acquisition of EUR 298 million in cash and newly issued shares of Santander Bank Polska S.A. subscribed in full by Deutsche Bank, A.G. was closed. As a result of this transaction, the Group has acquired net assets worth EUR 365 million , mainly loans and deposits to customers and credit institutions amounting to EUR 4,304 million and EUR 4,025 million , respectively, and negative value adjustments amounting to EUR 82 million (mainly under line Loans and advances). The difference between the fair value of the net assets acquired and the transaction value resulted in a gain of EUR 67 million which was recognised under "Negative Goodwill Recognised in Income" in the Group's consolidated income statement. vii. Acquisition of Banco Popular Español, S.A.U. On 7 June 2017, (the acquisition date), as part of its growth strategy in the markets where it is present, the Group communicated the acquisition of 100% of the share capital of Banco Popular Español, S.A.U. (“Banco Popular”)(merged with Banco Santander, see Note 3.b)v) as a result of a competitive sale process organised in the framework of a resolution scheme adopted by the Single Resolution Board (“SRB”) and executed by the FROB, Spanish single resolution board, in accordance with Regulation (EU) 806/2014 of the European Parliament and of the Council of 15 May 2014, and Law 11/2015, of 18 June, for the recovery and resolution of credit institutions and investment firms. As part of the execution of the resolution: • All the shares of Banco Popular outstanding at the closing of market on 7 June 2017 and all the shares resulting from the conversion of the regulatory capital instruments Additional Tier 1 issued by Banco Popular have been converted into undisposed reserves. • All the regulatory capital instruments Tier 2 issued by Banco Popular S.A.U. have been converted into newly issued shares of Banco Popular, all of which have been acquired for a total consideration of one euro by the Group. The transaction was approved by all the applicable regulatory and antitrust authorities in the territories where Banco Popular operated. In accordance with IFRS 3, the Group measured the identifiable assets acquired and liabilities assumed at fair value. The detail of this fair value of the identifiable assets acquired and liabilities assumed at the business combination date was as follows: As of 7 June, 2017 Million Cash and balances with central banks 1,861 Financial assets available-for-sale 18,974 Deposits from credit institutions 2,971 Loans and receivables* 82,057 Investments 1,815 Intangible assets* 133 Tax assets* 3,945 Non-current assets held for sale* 6,531 Other assets 6,259 Total assets 124,546 Deposits from central banks 28,845 Deposits from credit institutions 14,094 Customer deposits 62,270 Marketable debt securities and 12,919 Provisions *** 1,816 Other liabilities 4,850 Total liabilities ** 124,794 Net assets (248 ) Purchase consideration — Goodwill 248 * The main fair value adjustments were the following: • Loans and receivables: in the estimation of their fair value, impairment have been considered for an approximate amount of EUR 3,239 million , considering, among others, the sale process carried out by the Bank. • Foreclosed assets: the valuation, considering the sale process carried out by the company, has meant a reduction in the value of EUR 3,806 million , approximately. • Intangible assets: includes value reductions amounting to approximately of EUR 2,469 million , mainly recorded under the “Intangible assets - goodwill”. • Deferred tax assets: mainly corresponds to the reduction of the value of negative tax bases and deductions for an approximate amount of EUR 1,711 million . ** After the initial analysis and the conversion of the subordinated debt, the best estimation is there is no significant impact between fair value and previous carrying amount of the financial liabilities. ***As a result of the resolution of Banco Popular S.A.U., it includes the estimated cost of EUR 680 million relating to the potential compensation to the shareholders of Banco Popular S.A.U. of which EUR 535 million have been applied to the fidelity action. During 2018, the Group closed its assessment exercise of the assets acquired and liabilities assumed at fair value, without any modification with respect to what was recorded in 2017. viii. Sale agreement of Banco Popular S.A.U.’s real estate business In relation with Banco Popular Español, S.A.U.’s (“Banco Popular”) real estate business, on 8 August 2017, the Group announced the agreement with a Blackstone fund for the acquisition by the fund of 51% of, and hence the assignment of control over, part of Banco Popular's real estate business (the “Business”), which comprises a portfolio of foreclosed properties, real estate companies, non-performing loans relating to the sector and other assets related to these activities owned by Banco Popular and its affiliates (including deferred tax assets allocated to specific real estate companies which are part of the transferred portfolio) registered on certain specified dates (31 March 2017 or 30 April 2017). The signing took place after the European Commission authorized, without imposing any restrictions, the acquisition of Banco Popular Español S.A.U. by Banco Santander, S.A. for the purposes of competition law. The Group closed its valuation exercise of the assets and liabilities assumed at fair value during 2018 without any change with respect to what was recorded at the end of 2017. The transaction closed on 22 March 2018 following receipt of the required regulatory authorizations and other usual conditions in this type of transactions. The transaction consisted of the creation of various companies, being the parent company Project Quasar Investments 2017, S.L., in which Banco Santander, S.A. maintains 49% of the share capital and Blackstone the remaining 51% , and to which Banco Popular and some subsidiaries transferred the business constituted by the indicated assets, and its participation in the capital of Aliseda Real Estate Management Services, S.L. The value attributed to the contributed assets is approximately EUR 10,000 million euros, of which approximately 70% was financed with third party bank debt. After the contribution to the vehicle by its shareholders of the necessary liquidity for the transaction of the business, the 49% stake in the capital of the vehicles was recorded in the consolidated balance sheet of the Group for EUR 1,701 million in the "Investments in joint ventures and associates - entities" section, without impact in the Group´s income statement. ix. Merger by absorption of Banco Santander, S.A. with Banco Popular Español, S.A.U. On 23 April 2018 the boards of directors of Banco Santander, S.A. and Banco Popular Español, S.A.U. agreed to approve and sign the merger project by absorption of Banco Popular Español, S.A.U. by Banco Santander, S.A. On 28 September 2018 the merger certificate of Banco Popular Español, S.A.U. by Banco Santander, S.A. was registered in the Mercantile Registry of Cantabria. After the merger, Banco Santander, S.A. acquired, by universal succession, all the rights and obligations of Banco Popular Español, S.A.U., including those that had been acquired from Banco Pastor, S.A.U. and Popular Banca Privada, S.A.U., by virtue of the merger of Banco Pastor and Popular Banca Privada with Banco Popular Español, S.A.U. that was also approved on 23 April 2018 by the respective board of directors. This transaction had no impact on the Group's income statement. x. Agreement with Santander Asset Management a) Acquisition of 50% of SAM Investment Holdings Limited On 16 November 2016, after the agreement with Unicredit Group on 27 July 2016 to integrate Santander Asset Management and Pioneer Investments was abandoned, the Group announced that it had reached an agreement with Warburg Pincus (“WP”) and General Atlantic (“GA”) under which Santander acquired 50% of SAM Investment Holdings Limited, at 22 December 2017. The Group disbursed a total amount of EUR 545 million and assumed financing of EUR 439 million , with the business combination generating a goodwill of EUR 1,173 million and EUR 320 million of “intangible assets - contracts and relationships with customers” identified in the purchase price allocation, without other value adjustments to net assets of the business. Likewise, the market valuation of the previous participation held did not have an impact on the Group’s income statement. Considering that the main activity of the business is asset management, the main part of its activity are recorded off balance sheet. The main net assets acquired, in addition to the aforementioned intangible assets, were net deposits in credit institutions (EUR 181 million ) and net tax assets (EUR 176 million ). Given their nature, the fair value of these assets and liabilities do not differ from the book value recorded. The Group closed its assessment exercise of assets acquired and liabilities assumed at fair value during the year 2018 without modification with respect to what was recorded at the end of 2017. b) Sale participation Allfunds Bank, S.A. As part of the transaction, which consists in the acquisition of 50% of SAM Investment Holdings Limited, that was not owned by the Group, Santander, WP and GA agreed to explore different alternatives for the sale of its stake in Allfunds Bank, S.A. (“Allfunds Bank”), including a possible sale or a public offering. On 7 March 2017, the Bank announced that together with our partners in Allfunds Bank we had reached an agreement for the sale of 100% of Allfunds Bank to funds affiliated with Hellman & Friedman, a leading private equity investor, and GIC, Singapore’s sovereign wealth fund. On 21 November 2017 the Group announced the closing of the sale by the Bank and its partners of 100% of Allfunds Bank’s capital, obtaining an amount of EUR 501 million from the sale of its 25% stake in Allfunds Bank, resulting in gains net of tax of EUR 297 million , which were recognised as “Gains or losses on disposal of non-financial assets and investments, net”, within the statement of profit or loss. xi. Purchase of the shares to DDFS LLC in Santander Consumer USA Holdings Inc. (SCUSA) On 2 July, 2015, the Group announced that it had reached an agreement to purchase the 9.65% ownership interest held by DDFS LLC in SCUSA. On 15 November 2017, after having agreed on some modifications to the original agreement and having obtained the required regulatory authorizations, the Group completed the acquisition of the aforementioned 9.65% of SCUSA shares for a total sum of USD 942 million (EUR 800 million ), which have caused a decrease of EUR 492 million in the non-controlling interests balance and another reduction to reserves of EUR 307 million . c) Off-shore entities According to current Spanish regulation (Royal Decree 1080/1991, of 5th July), Santander has entities in 4 off-shore territories: Jersey, Guernsey, Isle of Man and Cayman Islands. Santander has 3 subsidiaries and 4 branches in these territories. Santander also has 4 subsidiaries in off-shore territories, of which 3 are tax resident in the UK and 1 tax resident in Spain, to whose tax regimes they are subjected. I) Subsidiaries in off-shore territories. At the reporting date, the Group has 3 subsidiaries resident in off-shore territories, two in Jersey, Whitewick Limited (in liquidation) and Abbey National International Limited, and one in the Isle of Man, ALIL Services Limited (its liquidation is expected in 2020). These subsidiaries contributed with a very immaterial result to the Group’s consolidated profit in 2019 . During 2019 a subsidiary resident in Jersey has been liquidated. II) Off-shore branches. The Group also has 4 operative off-shore branches: 2 in the Cayman Islands, 1 in the Isle of Man and 1 in Jersey. These branches report to and consolidate their balance sheets and income statements with their respective foreign headquarters. Likewise they are taxed with their respective headquarters (Cayman Islands branches, one of Brazil and other of USA) or in the territories where they are located (Jersey and Isle of Man branches belonging to UK). The aforementioned entities of Sections I and II have a total of 135 employees as of December 2019 . III) Subsidiaries in off-shore territories that are tax resident in the UK and Spain. As indicated, the Group also has 4 subsidiaries constituted in these territories that are not considered to be off-shore entities, since 3 of them are tax residents in the UK and, therefore, subject to UK tax law during the period and operate exclusively from the UK ( one of these subsidiaries is expected to be liquidated in 2020). In addition, since April 2018, the fourth subsidiary ceased to be a resident for tax purposes in the UK to become a tax resident in Spain. IV) Other off-shore investments. The Group manages from Brazil a segregated portfolio company called Santander Brazil Global Investment Fund SPC in the Cayman Islands, and manages from the United Kingdom a protected cell company in Guernsey called Guaranteed Investment Products 1 PCC Limited. The Group also has, directly or indirectly, few investments of reduced amount in entities located in the Cayman Islands, as is the case of the minority stakes through a subsidiary in UK. OECD. The Group has no presence in non-cooperative territories for tax purposes as defined by the OECD in July 2019. In this sense, it should be noted that Jersey, Guernsey, Isle of Man and Cayman Islands, comply with OECD standards in terms of transparency and exchange of information for tax purposes. The European Union. On 5 December 2017, the European Commission published some lists of non-cooperative jurisdictions for tax purposes (where there is no member state of the European Union): blacklist, gray list and territories which have received a grace period. Since then, the European Commission has updated these lists. After the last update published in February 2020, the EU blacklist is composed of 12 jurisdictions in which the Group only has presence in Cayman Islands, also considered offshore territory by Spanish legislation, and one entity without activity and in process of sale in Panama. On the contrary, the Group has no presence in any of the 13 jurisdictions in the gray list that have committed, in a way considered sufficient, to correct their legal frameworks to align them with international standards and whose implementation will be monitored by the EU. The Group has established appropriate procedures and controls (risk management, supervision, verification and review plans and periodic reports) to prevent reputational, tax and legal risk at these entities. In addition, the Group has continued to implement its policy of reducing the number of these off-shore units. The financial statements of the Group’s off-shore units are audited by PwC (PricewaterhouseCoopers) member firms in 2019 , 2018 and 2017. |
Distribution of the Bank's prof
Distribution of the Bank's profit, shareholder remuneration scheme and earnings per share | 12 Months Ended |
Dec. 31, 2019 | |
Shareholder remuneration system and earnings per share | |
Distribution of the Bank's profit, shareholder remuneration scheme and earnings per share | Distribution of the Bank's profit, shareholder remuneration scheme and earnings per share a) Distribution of the Bank's profit and shareholder remuneration scheme The distribution of the Bank's net profit against the results for 2019 , that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: Million of euros Dividend distributed at 31 December* 1,662 Complementary dividend (includes in its case, cash dividend from shareholders who opt to receive cash in scrip dividend)** 1,761 3,423 To voluntary reserves 107 Net profit for the year 3,530 * Recognised under Shareholders' equity – Interim Dividends. ** Assuming a % of cash requests of 20%. As of 2019 , the Bank's shareholders have received the dividend in two payments, instead of the four received in previous years. On 24 September 2019, the Bank´s Board of Directors approved its first dividend against 2019 earnings of EUR 1,662 million (EUR 0.10 per share), which was entirely paid in cash on 1 November 2019. A total remuneration of EUR 0.23 per share, charged to the 2019 annual period, will be proposed by the board of directors to the shareholders at the annual general meeting. b) Earnings per share from continuing and discontinued operations i. Basic earnings per share Basic earnings per share are calculated by dividing the net profit attributable to the Group (adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity - see Note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares held in the year. Accordingly: 2019 2018 2017 Profit attributable to the parent (million of euros) 6,515 7,810 6,619 Remuneration of contingently convertible preference shares (CCP) (million of euros) (Note 23) (595 ) (560 ) (395 ) 5,920 7,250 6,224 Of which: Profit or Loss from discontinued operations (non controlling interest net) (million of euros) — — — Profit or Loss from continuing operations (net of non-controlling interests and CCP) (million of euros) 5,920 7,250 6,224 Weighted average number of shares outstanding 16,348,415,883 16,150,090,739 15,394,458,789 Adjusted number of shares 16,348,415,883 16,150,090,739 15,394,458,789 Basic earnings per share (euros) 0.362 0.449 0.404 Basic earnings per share from discontinued operations (euros) 0.000 0.000 0.000 Basic earnings per share from continuing operations (euros) 0.362 0.449 0.404 ii. Diluted earnings per share Diluted earnings per share are calculated by dividing the net profit attributable to the Group (adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity - see Note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt instruments). Accordingly, diluted earnings per share were determined as follows: 2019 2018 2017 Profit attributable to the parent (million of euros) 6,515 7,810 6,619 Remuneration of contingently convertible preference shares (CCP) (million of euros) (Note 23) (595 ) (560 ) (395 ) 5,920 7,250 6,224 Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (million of euros) — — — Profit from continuing operations (net of non-controlling interests and CCP) (million of euros) 5,920 7,250 6,224 Weighted average number of shares outstanding 16,348,415,883 16,150,090,739 15,394,458,789 Dilutive effect of options/rights on shares 35,891,644 42,873,078 50,962,887 Adjusted number of shares 16,384,307,527 16,192,963,817 15,445,421,676 Diluted earnings per share (euros) 0.361 0.448 0.403 Diluted earnings per share from discontinued operations (euros) 0.000 0.000 0.000 Diluted earnings per share from continuing operations (euros) 0.361 0.448 0.403 |
Remuneration and other benefits
Remuneration and other benefits paid to the Bank’s directors and senior managers | 12 Months Ended |
Dec. 31, 2019 | |
Related party transactions key personnel | |
Remuneration and other benefits paid to the Bank's directors and senior managers | Remuneration and other benefits paid to the Bank’s directors and senior managers The following section contains qualitative and quantitative disclosures on the remuneration paid to the members of the board of directors -both executive and non-executive directors- and senior managers for 2019 and 2018 : a) Remuneration of Directors i. Bylaw-stipulated emoluments The annual General Meeting held on 22 March 2013 approved an amendment to the Bylaws, whereby the remuneration of directors in their capacity as board members became an annual fixed amount determined by the annual General Meeting. This amount shall remain in effect unless the shareholders resolve to change it at a general meeting. However, the board of directors may elect to reduce the amount in any years in which it deems such action justified. The remuneration established by the Annual General Meeting was EUR 6 million in 2019 (same amount as in 2018 ), with two components: (a) an annual emolument and (b) attendance fees. The specific amount payable for the above-mentioned items to each of the directors is determined by the Board of Directors. For such purpose, it takes into consideration the positions held by each director on the Board, their membership of the Board and the board committees and their attendance to the meetings thereof, and any other objective circumstances considered by the Board. The total bylaw-stipulated emoluments earned by the Directors in 2019 amounted to EUR 4.9 million (EUR 4.6 million in 2018 ). Annual emolument The amounts received individually by the directors in 2019 and 2018 based on the positions held by them on the board and their membership of the board committees were as follows: Euros 2019 2018 Members of the board of directors 90,000 90,000 Members of the executive committee 170,000 170,000 Members of the audit committee 40,000 40,000 Members of the appointments committee 25,000 25,000 Members of the remuneration committee 25,000 25,000 Members of the risk supervision, regulation and compliance oversight committee 40,000 40,000 Members of the responsible banking, sustainability and culture committee 15,000 15,000 Chairman of the audit committee 70,000 70,000 Chairman of the appointments committee 50,000 50,000 Chairman of the remuneration committee 50,000 50,000 Chairman of the risk, regulation and compliance oversight committee 70,000 70,000 Chairman of the responsible banking, sustainability and culture committee 50,000 50,000 Lead director* 110,000 110,000 Non-executive deputy chairman 30,000 30,000 * Mr Bruce Carnegie-Brown, for duties performed as part of the board and board committees, specifically as chairman of the appointments and remuneration committees and as lead director, and for the time and dedication required to perform these duties, has been allocated a minimum total annual remuneration of EUR 700,000 since 2015 , including the aforementioned annual allowances and attendance fees corresponding to him. Attendance fees The directors receive fees for attending board and committee meetings, excluding executive committee meetings, since no attendance fees are received for this committee. By resolution of the board of directors, at the proposal of the remuneration committee, the fees for attending board and committee meetings - excluding, as aforementioned, executive committee meetings - were as follows: Meeting attendance fees Euros 2019 2018 Board of directors 2,600 2,600 Audit committee and risk supervision, regulation and compliance oversight committee 1,700 1,700 Other committees (except the executive committee) 1,500 1,500 ii. Salaries The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme: • 40% of the variable remuneration amount, determined at year-end on the basis of the achievement of the established objectives, is paid immediately. • The remaining 60% is deferred over five years , to be paid in five portions, provided that the conditions of permanence in the Group and non-concurrence of the malus clauses are met, and subject to long term metrics, taking into account the following accrual scheme: – The accrual of the first and second portion (payment in 2021 and 2022 ) is conditional on none of the malus clauses being triggered. – The accrual of the third, fourth, and fifth portion (payment in 2023 , 2024 and 2025 ), is linked to objectives related to the period 2019 - 2021 and the metrics and scales associated with these objectives. The fulfilment of the objectives determines the percentage to be paid of the deferred amount in these three annuities, which, accordingly, might not be paid, where the maximum amount is the amount determined at closing of 2019 , when the total variable remuneration is approved. • In accordance with current remuneration policies, the amounts already paid will be subject to a possible recovery (clawback) by the Bank during the period set out in the policy in force at each moment. The immediate payment (or short-term), as well as each deferred payment (linked to long term metrics and not linked to long-term metrics) will be settled 50% in cash and the remaining 50% in Santander shares. iii. Detail by director The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2019 and 2018 is provided below: Thousand euros 2019 2018 Bylaw-stipulated emoluments Annual emolument Short-term and deferred (not subject to long-term goals) salaries of executive directors Board H Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Attendance fees and commissions Fixed Variable - immediate payment Deferred variable In cash In shares In cash In shares Total Pension contribution Other remuneration I Total Total Ms Ana Botín-Sanz de Sautuola y O’Shea 90 170 — — — — 15 59 3,176 1,302 1,302 781 781 7,342 1,145 1,132 9,953 10,483 Mr José Antonio Álvarez Álvarez 90 170 — — — — — 53 2,541 870 870 522 522 5,325 858 1,774 8,270 8,645 Mr Bruce Carnegie-Brown 393 170 — 25 25 — — 87 — — — — — — — — 700 732 Mr Rodrigo Echenique Gordillo A 90 57 — 17 — — — 56 600 400 400 240 240 1,880 — 2,775 4,875 4,830 Mr Guillermo de la Dehesa Romero 90 170 — 25 25 — — 89 — — — — — — — — 399 441 Ms Homaira Akbari 90 — 40 — — — 15 81 — — — — — — — — 226 199 Mr Ignacio Benjumea Cabeza de Vaca 90 170 — — 25 40 15 93 — — — — — — — 91 524 513 Mr Francisco Javier Botín-Sanz de Sautuola y O’Shea B 90 — — — — — — 47 — — — — — — — — 137 121 Ms Sol Daurella Comadrán 90 — — 25 25 — 15 85 — — — — — — — — 240 215 Ms Esther Giménez-Salinas i Colomer 90 — — 4 — 40 15 79 — — — — — — — — 228 196 Ms Belén Romana García 160 170 40 — — 40 15 100 — — — — — — — — 525 414 Mr Ramiro Mato García-Ansorena 140 170 40 — — 40 15 95 — — — — — — — — 500 450 Mr Álvaro Cardoso de Souza C 160 — — — — 40 15 61 — — — — — — — — 276 148 Mr Henrique Manuel Drummond Borges Cirne de Castro D 41 — 8 — 4 — — 33 — — — — — — — — 86 — Ms Pamela Ann Walkden E 16 — 7 — — — — 11 — — — — — — — — 34 — Mr Carlos Fernández González F 74 — 33 21 21 — — 65 — — — — — — — — 214 266 Mr Juan Miguel Villar Mir G — — — — — — — — — — — — — — — — — 108 Total 2019 1,794 1,247 168 117 125 200 120 1,094 6,317 2,572 2,572 1,543 1,543 14,547 2,003 5,772 27,187 — Total 2018 1,763 1,275 160 113 125 247 61 872 7,517 3,254 3,254 1,952 1,952 17,929 2,284 2,932 — 27,761 A. Ceased to be an executive director on 30 April 2019. Non-executive director since 1 May 2019. B. All amounts received were reimbursed to Fundación Botín. C. Director since 1 April 2018. D. Director since 17 July 2019. E. Director since 29 October 2019. F. Ceased to be a director on 28 October 2019 G. Ceased to be a director on 1 January 2019 H. Includes committee chairmanship and other roles emoluments. I. Includes, inter alia, the life and medical insurance costs borne by the Group relating to Bank directors as well as a fixed supplement approved as part of the benefit systems transformation of the Executive Directors Ms Ana Botín and Mr José Antonio Álvarez Following is the detail, by executive director, of the salaries linked to multiannual objectives at their fair value, which will only be received if the conditions of permanence in the group, non-applicability of “malus” clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 47 . Thousand euros 2019 2018 Variable subject to Long-term 1 In cash In shares Total Total Ms. Ana Botín-Sanz de Sautuola y O’Shea 821 821 1,642 1,864 Mr. José Antonio Álvarez Álvarez 548 548 1,096 1,246 Mr. Rodrigo Echenique Gordillo 252 252 504 990 Total 1,621 1,621 3,242 4,100 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years : 2023 , 2024 and 2025 , subject to conditions of continued service, with the exceptions provided, and to the non-applicability of “malus” clauses and achievement of the objectives established. The fair value has been determined at the grant date based on the valuation report of an independent expert, Willis Towers Watson. Based on the design of the plan for 2019 and the levels of achievement of similar plans in comparable entities, the expert concludes that the reasonable range for estimating the initial achievement ratio is around 60% - 80% . Accordingly, it has been considered that the fair value is 70% of the maximum (see Note 47 ). Note 5.e below includes disclosures on the shares delivered from the deferred remuneration schemes in place in previous years and for which delivery conditions were met , as well as on the maximum number of shares that may be received in future years in connection with the aforementioned 2019 and 2018 variable remuneration plans. b) Remuneration of the Board members as representatives of the Bank By resolution of the executive committee, all the remuneration received by the Bank’s directors who represent the Bank on the Boards of Directors of listed companies in which the Bank has a stake, paid by those companies and relating to appointments made on or after 18 March, 2002 , accrues to the Group. In 2019 and 2018 the Bank’s directors did not receive any remuneration in respect of these representative duties. On the other hand, Mr, Alvaro Cardoso de Souza, in his role as non-executive Chairman of Banco Santander (Brasil) S.A. received a remuneration in 2019 of 1,752 thousand Brazilian reales ( 397 thousand euro), and Mr. Rodrigo Echenique, received a remuneration of 666 thousand euro for his role as Chairman of the board of the Santander Spain business unit for the period from 1 May 2019 to 31 December 2019. c) Post-employment and other long-term benefits The executive directors other than Mr Rodrigo Echenique participate in the defined benefit system created in 2012 , which covers the contingencies of retirement, disability and death. The Bank makes annual contributions to the benefit plans of its executive directors. The contracts of the executive directors (and the other members of the Bank’s senior management) with defined benefit pension commitments were amended in 2012 to align them with the new system, transforming them into a defined contribution system. The new system gives executive directors the right to receive benefits upon retirement, regardless of whether or not they are active at the Bank at such time, based on contributions to the system, and replaced their previous right to receive a pension supplement in the event of retirement. In the event of pre-retirement and up until the retirement date, executive directors, except for Mr. Rodrigo Echenique, have the right to receive an annual allotment. The initial balance for each of the executive directors in the new defined benefits system corresponded to the market value of the assets from which the provisions corresponding to the respective accrued obligations had materialised on the date on which the old pension commitments were transferred into the new benefits system. Since 2013 , the Bank has made annual contributions to the benefits system for executive directors and senior executives, in proportion to their respective pensionable bases, until they leave the Group or until their retirement within the Group, death, or disability (including, if applicable, during pre-retirement). Mr Rodrigo Echenique’s contract did not provide for any charge to Banco Santander regarding benefits, without prejudice to the pension rights to which Mr Echenique was entitled prior to his appointment as executive director. The benefit plan is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., and the economic rights of the foregoing directors under this plan belong to them regardless of whether or not they are active at the Bank at the time of their retirement, death or disability. In accordance with the provisions of the remuneration regulations, contributions made calculated on variable remuneration are subject to the discretionary pension benefits regime. Under this regime, contributions are subject to malus clauses and clawback according to the policy in force at any given time and during the same period in which the variable remuneration is deferred. Furthermore, they must be invested in bank shares for a period of five years from the date when the executive director leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the executive director, or it will be paid to the executive director or to their beneficiaries in the event of a contingency covered by the benefits system. Until March 2018 , the system also included a supplementary benefits scheme for cases of death (death of spouse and death of parent) and permanent disability of serving directors envisaged in the contracts of Ms Ana Botín and Mr José Antonio Álvarez. As per the director´s remuneration policy approved at the 23 March 2018 general shareholder´s meeting, the system was changed with a focus on: • Aligning the annual contributions with practices of comparable institutions. • Reducing future liabilities by eliminating the supplementary benefits scheme in the event of death (death of spouse or parent) and permanent disability of serving directors. • Not increasing total costs for the Bank. The changes to the system were the following: • Fixed and variable pension contributions were reduced to 22% of the respective pensionable bases. The gross annual salaries and the benchmark variable remuneration were increased in the corresponding amount with no increase in total costs for the Bank. The pensionable base for the purposes of the annual contributions for the executive directors is the sum of fixed remuneration plus 30% of the average of their last three variable remuneration amounts (or, in the event of Mr José Antonio Álvarez’s pre-retirement, his fixed remuneration as a senior executive vice president). • The death and disability supplementary benefits were eliminated since 1 April 2018. A fixed remuneration supplement (included in other remuneration in section a.iii in this note) was implemented the same date. • The total amount insured for life and accident insurance was increased. The provisions recognised in 2019 and 2018 for retirement pensions and supplementary benefits (surviving spouse and child benefits, and permanent disability) were as follows: Thousand euros 2019 2018 Ms Ana Botín-Sanz de Sautuola y O’Shea 1,145 1,234 Mr José Antonio Álvarez Álvarez 858 1,050 2,003 2,284 Following is a detail of the balances relating to each of the executive directors under the welfare system as of 31 December 2019 and 2018 : Thousand euros 2019 2018 Ms Ana Botín-Sanz de Sautuola y O’Shea 1 48,104 46,093 Mr José Antonio Álvarez Álvarez 17,404 16,630 Mr Rodrigo Echenique Gordillo 2 13,268 13,614 78,776 76,337 1. Includes the amounts relating to the period of provision of services at Banesto, externalised with another insurance company. 2. Mr. Rodrigo Echenique does not participate in the defined pension scheme defined in the preceding paragraphs. However, as a previous executive director and for informational purposes, this year's table includes the rights to which he was entitled prior to his designation as such. The payments made to him in 2019 with respect to his participation in this plan amounted to 0.9 million euros ( 0.9 million euros in 2018 ). d) Insurance The Group pays for life insurance policies for the Bank’s directors, who will be entitled to receive benefits if they are declared disabled; in the event of death, the benefits will be payable to their heirs. The premiums paid by the Group are included in the Other remuneration column of the table shown in Note 5.a.iii above. Also, the following table provides information on the sums insured for the Bank’s executive directors: Insured capital Thousand euros 2019 2018 Ms. Ana Botín-Sanz de Sautuola y O’Shea 22,475 22,710 Mr. José Antonio Álvarez Álvarez 19,373 19,694 Mr. Rodrigo Echenique Gordillo 5,400 5,400 47,248 47,804 The insured capital has been modified in 2018 for Ms Ana Botín and Mr José Antonio Alvarez as part of the pension systems transformation set out in Note 5.c) above, which has encompassed the elimination of the supplementary benefits systems (death of spouse and death of parent) and the increase of the life insurance annuities. During 2019 and 2018 , the Group has disbursed a total amount of 11.6 million euros and 10.1 million euros, respectively, for the payment of civil-liability insurance premiums. These premiums correspond to several civil-liability insurance policies that hedge, among others, directors, senior executives and other managers and employees of the Group and the Bank itself, as well as its subsidiaries, in light of certain types of potential claims. For this reason, it is not possible to disaggregate or individualize the amount that correspond to the directors and executives. As of 31 December 2019 and 2018 , no life insurance commitments exist for the Group in respect of any other directors. e) Deferred variable remuneration systems The following information relates to the maximum number of shares to which the executive directors are entitled at the beginning and end of 2019 and 2018 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2019 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2019 and 2018 once the conditions for the receipt thereof had been met (see Note 47 ): i) Deferred conditional variable remuneration plan From 2011 to 2015 , the bonuses of executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration that puts them on the same remuneration level as senior executives and employees who assume risk (all of whom are referred to as identified staff) have been approved by the Board of Directors and instrumented, respectively, through various cycles of the deferred conditional variable remuneration plan. Application of these cycles, insofar as they entail the delivery of shares to the plan beneficiaries, was authorized by the related Annual General Meetings. The purpose of these plans is to defer a portion of the bonus of the plan beneficiaries ( 60% in the case of executive directors) over a period of five years ( three years for the plans approved up to 2014) for it to be paid, where appropriate, in cash and in Santander shares. The remaining 40% portion of the bonus is paid in cash and Santander shares (in equal parts), upon commencement of this plan, in accordance with the rules set forth below. In addition to the requirement that the beneficiary remains in Santander Group’s employ, the accrual of the deferred remuneration is conditional upon none of the following circumstances existing in the opinion of the Board of Directors -following a proposal of the remuneration committee-, in relation to the corresponding year, in the period prior to each of the deliveries: (i) poor financial performance of the Group; (ii) breach by the beneficiary of internal regulations, including, in particular, those relating to risks; (iii) material restatement of the Group’s consolidated financial statements, except when it is required pursuant to a change in accounting standards; or (iv) significant changes in the Group’s economic capital or its risk profile. All the foregoing shall be subject in each case to the regulations of the relevant plan cycle. On each delivery, the beneficiaries will be paid an amount in cash equal to the dividends paid for the amount deferred in shares and the interest on the amount deferred in cash. If the Santander Dividendo Elección scrip dividend scheme is applied, payment will be based on the price offered by the Bank for the bonus share rights corresponding to those shares. The maximum number of shares to be delivered is calculated taking into account the daily volume-weighted average prices for the 15 trading sessions prior to the date on which the Board of Directors approves the bonus for the Bank’s Executive Directors for each year. This plan and the Performance Shares (ILP) plan described below have been integrated for the executive directors and other senior managers in the deferred variable compensation plan linked to multiannual objectives, in the terms approved by the General Meeting of Shareholders held on March 18, 2016. ii) Deferred variable compensation plan linked to multiannual objectives In the annual shareholders meeting of 12 March 2016, with the aim of simplifying the remuneration structure, improving the ex-ante risk adjustment and increasing the incidence of long-term objectives, the bonus plan (deferred and conditioned variable compensation plan) and ILP were replaced by one single plan, the deferred multiyear objectives variable remuneration plan. The variable remuneration of executive directors and certain executives (including senior management) corresponding to 2019 has been approved by the Board of Directors and implemented through the fourth cycle of the deferred variable remuneration plan linked to multi-year objectives. The application of the plan was authorised by the annual general meeting of shareholders, as it entails the delivery of shares to the beneficiaries. As indicated in section a.ii of this Note, 60% of the variable remuneration amount is deferred over five years ( three years for certain beneficiaries, not including executive directors), to be paid, where appropriate, in five portions, provided that the conditions of permanence in the group and non-concurrence of malus clauses are met, and subject to long term metrics, according to the following accrual scheme: • The accrual of the first and second parts (instalments in 2021 and 2022 ) is conditional on none of the malus clauses being triggered. • The accrual of the third, fourth and fifth parts (instalments in 2023 , 2024 and 2025 ) is linked to the fulfilment of certain objectives related to the 2019 ‑ 2021 period and the metrics and scales associated with those objectives, as well as to non-concurrence of malus clauses. These objectives are: – the growth of consolidated earnings per share in 2021 compared to 2018 ; – the relative performance of the Bank’s total shareholder return (RTA) in the 2019 ‑ 2021 period in relation to the weighted RTAs of a reference group of 9 credit institutions; – compliance with the fully loaded ordinary level 1 capital objective for the year 2021 ; The degree of compliance with the above objectives determines the percentage to be applied to the deferred amount in these three annuities, the maximum being the amount determined at the end of the year 2019 when the total variable remuneration is approved. Both the immediate (short-term) and each of the deferred (long-term and conditioned) portions are paid 50% in cash and the remaining 50% in Santander shares. The accrual of deferred amounts (whether or not subject to performance measures) is conditioned, in addition to the permanence of the beneficiary in the Group, to non-occurrence, during the period prior to each of the deliveries, of any the circumstances giving rise to the application of malus as set out in the Group’s remuneration policy in its chapter related to malus and clawback. Likewise, the amounts already paid of the incentive will be subject to clawback by the Bank in the cases and during the term foreseen in said policy, and in accordance with the terms and conditions foreseen in it. The application of malus and clawback is activated in cases in which there is poor financial performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel, and at least the following factors must be considered: (i) Significant failures in risk management committed by the entity, or by a business unit or risk control. (ii) The increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. (iii) Regulatory sanctions or judicial sentences from events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. (iv) Irregular conduct, whether individual or collective. In this regard, the negative effects derived from the marketing of inappropriate products and the responsibilities of the people or bodies that made those decisions will be specially considered. The maximum number of shares to be delivered is calculated by taking into account the average weighted daily volume of the average weighted listing prices corresponding to the fifteen trading sessions prior to the previous Friday (excluded) to the date on which the bonus is agreed by the board of executive directors of the Bank. iii) Shares assigned by deferred variable remuneration plans The following table shows the number of Santander shares assigned to each executive director and pending delivery as of January 1, 2018 , December 31, 2018 and 2019 , as well as the gross shares that were delivered to them in 2018 and 2019 , either in the form of an immediate payment or a deferred payment. In this case after having been appraised by the board, at the proposal of the remuneration committee, that the corresponding one-fifth (one third until 2014) of each plan had accrued. They come from each of the plans through which the variable remunerations of deferred conditional variable remuneration plans in 2014, and 2015 and of the deferred conditional and linked to multiannual objectives in 2016, 2017, 2018 and 2019. Share-based variable remuneration Maximum number of shares to be delivered at January 1, 2018 Shares delivered in 2018 (immediate payment 2017 variable remuneration) Shares delivered in 2018 (deferred payment 2016 variable remuneration) Shares delivered in 2018 (deferred payment 2015 variable remuneration) Shares delivered in 2018 (deferred payment 2014 variable remuneration) Variable remuneration 2018 (Maximum number of shares to be delivered) 2014 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 61,721 (61,721) Mr José Antonio Álvarez Álvarez² 26,632 (26,632) 88,353 (88,353) 2015 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 257,617 (64,404) Mr José Antonio Álvarez Álvarez 171,242 (42,811) Mr Rodrigo Echenique Gordillo 126,846 (31,712) 555,705 (138,927) 2016 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 360,512 (72,102) Mr José Antonio Álvarez Álvarez 243,332 (48,667) Mr Rodrigo Echenique Gordillo 180,226 (36,046) 784,070 (156,815) 2017 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 574,375 (229,750) Mr José Antonio Álvarez Álvarez 384,118 (153,647) Mr Rodrigo Echenique Gordillo 299,346 (119,738) 1,257,839 (503,135) 2018 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 860,865 Mr José Antonio Álvarez Álvarez 575,268 Mr Rodrigo Echenique Gordillo 456,840 1,892,973 2019 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea Mr José Antonio Álvarez Álvarez Mr Rodrigo Echenique Gordillo 3 1 For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, by fifths in the next five years , the last three being subject to the fulfilment of multiannual objectives. 2 Maximum number of shares resulting from their participation in the corresponding plans during their stage as general manager. 3 Ceased to be an executive director on 30 April 2019. 4 In addition, Mr. Ignacio Benjumea Cabeza de Vaca maintains the right to a maximum of 70,741 shares arising from his participation in the corresponding plans during his term as executive vice president. Maximum number of shares to be delivered at December 31, 2018 Shares delivered in 2019 (immediate payment 2018 variable remuneration) Shares delivered in 2019 (deferred payment 2017 variable remuneration) Shares delivered in 2019 (deferred payment 2016 variable remuneration) Shares delivered in 2019 (deferred payment 2015 variable remuneration) Variable remuneration 2019 (Maximum number of shares to be delivered) 1 Maximum number of shares to be delivered at December 31, 2019 4 193,213 (64,404) 128,809 128,431 (42,811) 85,620 95,134 (31,712) 63,422 416,778 (138,927) 277,851 288,410 (72,102) 216,308 194,665 (48,667) 145,998 144,180 (36,046) 108,134 627,255 (156,815) 470,440 344,625 (68,925) 275,700 230,471 (46,094) 184,377 179,608 (35,922) 143,686 754,704 (150,941) 603,763 860,865 (344,346) 516,519 575,268 (230,107) 345,161 456,840 (182,736) 274,104 1,892,973 (757,189) 1,135,784 887,193 887,193 592,915 592,915 272,480 272,480 1,752,588 1,752,588 In addition, the table below shows the cash delivered in 2019 and 2018 , by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one-fifth relating to each plan had accrued: Thousand of euros 2019 2018 Cash paid (immediate payment 2018 variable remuneration) Cash paid (deferred payments from 2017, 2016 and 2015 variable remuneration) Cash paid (immediate payment 2017 variable remuneration) Cash paid (deferred payments from 2016, 2015 and 2014 variable remuneration) Ms. Ana Botín-Sanz de Sautuola y O’Shea 1,480 1,025 1,370 947 Mr. José Antonio Álvarez Álvarez 1 989 686 916 574 Mr. Rodrigo Echenique Gordillo 785 519 714 305 3,254 2,230 3,000 1,826 1. Includes paid cash corresponding to his participation in the corresponding plans during the time as executive vice president. iv) Information on former members of the Board of Directors The chart below includes information on the maximum number of shares to which former members of the Board of Directors who ceased in office prior to 1 January 2018 are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were Executive Directors. Also set forth below is information on the deliveries, whether in shares or in cash, made in 2019 and 2018 to former board members, upon achievement of the conditions for the receipt thereof (see Note 47 ): Maximum number of shares to be delivered 1 2019 2018 Deferred conditional variable remuneration plan (2015) 121,694 182,541 Deferred conditional variable remuneration plan and linked to objectives (2016) 98,253 171,696 Deferred conditional variable remuneration plan and linked to objectives (2017) 140,530 175,662 Number of shares delivered 2019 2018 Deferred conditional variable remuneration plan (2014) — 148,589 Deferred conditional variable remuneration plan (2015) 60,847 60,847 Performance shares plan ILP (2015) 129,612 — Deferred conditional variable remuneration plan and linked to objectives (2016) 42,924 42,924 Deferred conditional variable remuneration plan and linked to objectives (2017) 35,132 117,108 In addition, 663 thousand euros and 2,057 thousand euros relating to the deferred portion paya |
Loans and advances to central b
Loans and advances to central banks and credit institutions | 12 Months Ended |
Dec. 31, 2019 | |
Loans and advances to central banks and credit institutions | |
Loans and advances to central banks and credit institutions | Loans and advances to central banks and credit institutions The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 CENTRAL BANKS Classification: Financial assets held for trading — — — Non-trading financial assets mandatorily at fair value through profit or loss — — Financial assets designated at fair value through profit or loss 6,473 9,226 — Financial assets designated at fair value through other comprehensive income — — Financial assets at amortised cost 18,474 15,601 Loans and receivables 26,278 24,947 24,827 26,278 Type: Time deposits 17,533 15,601 17,359 Reverse repurchase agreements 7,414 9,226 8,919 Impaired assets — — — Valuation adjustments for impairment — — — 24,947 24,827 26,278 CREDIT INSTITUTIONS Classification: Financial assets held for trading — — 1,696 Non-trading financial assets mandatorily at fair value through profit or loss — 2 Financial assets designated at fair value through profit or loss 21,649 23,097 9,889 Financial assets designated at fair value through other comprehensive income — — Financial assets at amortised cost 40,943 35,480 Loans and receivables 39,567 62,592 58,579 51,152 Type: Time deposits 9,699 10,759 8,169 Reverse repurchase agreements 31,180 33,547 21,765 Non- loans advances 21,726 14,283 21,232 Impaired assets 1 2 4 Valuation adjustments for impairment (14 ) (12 ) (18 ) 62,592 58,579 51,152 Currency: Euro 32,248 24,801 23,286 Pound sterling 3,659 4,073 5,582 US dollar 14,442 19,238 15,325 Brazilian real 30,919 28,310 28,140 Other currencies 6,271 6,984 5,097 TOTAL 87,539 83,406 77,430 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). The loans and advances classified under Financial assets designated at fair value through profit or loss consist of assets of Spanish and foreign institutions acquired under reverse repurchase agreements. The loans and advances to credit institutions classified under Financial assets at amortised cost (IFRS 9) and Loans and receivables (IAS 39) are mainly time accounts and deposits. Note 51 contains a detail of the residual maturity periods of Financial assets at amortised cost (IFRS 9) and Loans and receivables (IAS 39) and of the related average interest rates. At 31 December 2019 the exposure by impairment stage of the assets accounted for under IFRS 9 amounts to EUR 59,430 , EUR 0 and EUR 1 million (EUR 51,090 , EUR 1 and EUR 2 million in 2018), and the loan loss provision by impairment stage amounts to EUR 14 , 0 and 0 million (EUR 12 , 0 and 0 million in 2018) in stage 1, without loan loss provision in stage 2 and stage 3. |
Debt instruments
Debt instruments | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of Debt Instruments [Abstract] | |
Debt instruments | Debt instruments a) Detail The detail, by classification, type and currency, of Debt instruments in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Classification: Financial assets held for trading 32,041 27,800 36,351 Non-trading financial assets mandatorily at fair value through profit or loss 1,175 5,587 Financial assets designated at fair value through profit or loss 3,186 3,222 3,485 Financial assets designated at fair value through other comprehensive income 118,405 116,819 Financial assets available-for-sale 128,481 Financial assets at amortised cost 29,789 37,696 Loans and receivables 17,543 Held-to-maturity investments 13,491 184,596 191,124 199,351 Type: Spanish government debt securities 42,054 50,488 59,186 Foreign government debt securities 107,434 99,959 99,424 Issued by financial institutions 9,670 10,574 12,155 Other fixed-income securities 25,265 29,868 28,299 Impaired financial assets 647 870 1,017 Impairment losses (474 ) (635 ) (730 ) 184,596 191,124 199,351 Currency: Euro 70,357 76,513 93,250 Pound sterling 15,713 19,153 16,203 US dollar 29,846 22,864 25,191 Brazilian real 38,316 40,871 39,233 Other currencies 30,838 32,358 26,204 Total gross 185,070 191,759 200,081 Impairment losses (474 ) (635 ) (730 ) 184,596 191,124 199,351 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). In the last quarter of 2019, debt securities were transferred from the financial asset at amortised cost to the financial asset at fair value through other comprehensive income. The fair value of these assets at the date of the transfer being EUR 6,359 million . As established in IFRS 9, the aforementioned transfer was made prospectively, recognising the difference between the previous amortised cost of the transferred financial assets and their fair value in other comprehensive income. In application of this standard, the effective interest rate and the measurement of expected credit losses were not adjusted as a result of the transfer. The context of adapting the Group´s commercial strategy to the changes in business models, in order to favour a greater alignment of the sensitivity of the Bank's balance sheet masses to interest rates, has led to a change in the assets related to these liabilities from a business model whose objective is to collect the principal and interest flows to a business model whose objective is achieved through the collection of the principal and interest flows and the sale of these assets. At 31 December 2019 and 2018 the exposure by impairment stage of the book assets under IFRS 9 amounted to EUR 147,575 million and EUR 154,164 million in stage 1, EUR 446 million and EUR 117 million in stage 2, and EUR 647 million and EUR 870 million in stage 3, respectively. b) Breakdown The breakdown, by origin of the issuer, of Debt instruments at 31 December 2019 , 2018 and 2017 , net of impairment losses, is as follows: Million euros 2019 2018 2017 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 3,634 42,054 45,688 24.75 % 4,748 50,488 55,236 28.90 % 5,272 59,186 64,458 32.33 % United Kingdom 3,806 11,479 15,285 8.28 % 5,615 9,512 15,127 7.91 % 4,339 10,717 15,056 7.55 % Portugal 2,979 7,563 10,542 5.71 % 3,663 6,943 10,606 5.55 % 3,972 7,892 11,864 5.95 % Italy 1,384 3,620 5,004 2.71 % 857 3,134 3,991 2.09 % 1,287 7,171 8,458 4.24 % Ireland 2,387 2 2,389 1.29 % 4,543 2 4,545 2.38 % 3,147 2 3,149 1.58 % Poland 460 9,361 9,821 5.32 % 683 10,489 11,172 5.85 % 772 6,619 7,391 3.71 % Other European countries 7,186 1,784 8,970 4.86 % 6,101 1,518 7,619 3.99 % 7,195 1,733 8,928 4.48 % United States 5,915 15,609 21,524 11.66 % 6,833 10,362 17,195 9.00 % 7,986 11,670 19,656 9.86 % Brazil 5,808 35,036 40,844 22.13 % 5,285 36,583 41,868 21.91 % 4,729 34,940 39,669 19.90 % Mexico 708 13,234 13,942 7.55 % 520 11,325 11,845 6.20 % 461 9,478 9,939 4.99 % Chile 50 4,819 4,869 2.64 % 79 2,729 2,808 1.47 % 62 4,071 4,133 2.07 % Other American countries 605 1,095 1,700 0.92 % 1,111 1,375 2,486 1.30 % 755 913 1,668 0.84 % Rest of the world 186 3,832 4,018 2.18 % 639 5,987 6,626 3.47 % 764 4,218 4,982 2.50 % 35,108 149,488 184,596 100 % 40,677 150,447 191,124 100 % 40,741 158,610 199,351 100 % The detail, by issuer rating, of Debt instruments at 31 December 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 14,737 1,085 15,822 8.57 % 18,901 834 19,735 10.33 % 16,239 924 17,163 8.61 % AA 5,133 28,325 33,458 18.13 % 2,715 20,966 23,681 12.39 % 2,714 23,522 26,236 13.16 % A 3,238 59,744 62,982 34.12 % 3,464 69,392 72,856 38.12 % 4,373 8,037 12,410 6.23 % BBB 4,889 24,766 29,655 16.06 % 5,093 21,837 26,930 14.09 % 6,449 91,012 97,461 48.89 % Below BBB 1,244 35,466 36,710 19.89 % 668 37,412 38,080 19.92 % 2,393 35,109 37,502 18.81 % Unrated 5,867 102 5,969 3.23 % 9,836 6 9,842 5.15 % 8,573 6 8,579 4.30 % 35,108 149,488 184,596 100 % 40,677 150,447 191,124 100 % 40,741 158,610 199,351 100 % During 2019, the distribution of the exposure by rating level of the previous table has not been affected by ratings reviews of the sovereign issuers. In 2018 , Spain and Poland went from BBB+ to A-, and by 2017, Portugal went from BB+ to BBB- and Chile from AA- to A+. The detail, by type of financial instrument, of Private fixed-income securities at 31 December 2019 , 2018 and 2017 , net of impairment losses, is as follows: Million euros 2019 2018 2017 Securitised mortgage bonds 1,633 2,942 2,458 Other asset-backed bonds 6,388 9,805 5,992 Floating rate debt 10,348 13,721 13,756 Fixed rate debt 16,739 14,209 18,535 Total 35,108 40,677 40,741 c) Impairment losses The changes in the impairment losses on Debt instruments are summarised below: Million of euros 2019 2018* 2017 Balance at beginning of year 635 704 498 Net impairment losses for the year (170 ) 43 348 Of which: Impairment losses charged to income 77 138 386 Impairment losses reversed with a credit to income (247 ) (95 ) (38 ) Exchange differences and other items 9 (112 ) (116 ) Balance at end of year 474 635 730 Of which: By geographical location of risk: European Union 14 22 30 Latin America 460 613 700 Of which: Loans and advances 348 Financial assets at amortised cost (176 ) 43 Financial assets available for sale — Financial assets designated at fair value through other comprehensive income 6 — *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). At 31 December 2019 and 2018 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 22 million and EUR 30 million in stage 1, EUR 6 million and EUR 9 million in stage 2, and EUR 446 million and EUR 596 million in stage 3, respectively. |
Equity instruments
Equity instruments | 12 Months Ended |
Dec. 31, 2019 | |
Equity Instruments Abstract | |
Equity instruments | Equity instruments a) Breakdown The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Classification: Financial assets held for trading 12,437 8,938 21,353 Non-trading financial assets mandatorily at fair value through profit or loss 3,350 3,260 Financial assets designated at fair value through profit or loss 933 Financial assets designated at fair value through other comprehensive income 2,863 2,671 Financial assets available-for-sale 4,790 18,650 14,869 27,076 Type: Shares of Spanish companies 3,711 3,448 4,199 Shares of foreign companies 12,682 9,107 20,448 Investment fund shares 2,257 2,314 2,429 18,650 14,869 27,076 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). Note 29 contains a detail of the Other comprehensive income, recognised in equity, on Financial assets designated at fair value through other comprehensive income (IFRS 9) and Financial assets available-for-sale, and also the related impairment losses (IAS 39). b) Changes The changes in Financial assets at fair value through other comprehensive income (IFRS 9), and Financial assets available-for-sale (IAS 39) were as follows: Million euros 2019 2018* 2017 Balance at beginning of the year 2,671 3,169 5,487 Net additions (disposals) 221 (324 ) (331 ) Valuation adjustment and other items (29 ) (174 ) (366 ) Balance at end of year 2,863 2,671 4,790 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). c) Notifications of acquisitions of investments The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2019 , in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 125 of Spanish Securities Market Law 24/1998, are listed in Appendix IV. |
Trading derivatives (assets and
Trading derivatives (assets and liabilities) and short positions | 12 Months Ended |
Dec. 31, 2019 | |
Trading Derivatives And Short Positions [Abstract] | |
Trading derivatives (assets and liabilities) and short positions | Trading Derivatives (assets and liabilities) and short positions a) Trading Derivatives The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see Note 11): Million euros 2019 2018 2017 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 42,614 40,956 36,087 36,487 38,030 37,582 Currency risk 18,085 19,870 16,912 17,025 16,320 18,014 Price risk 2,329 1,772 2,828 1,673 2,167 2,040 Other risks 369 418 112 156 726 256 63,397 63,016 55,939 55,341 57,243 57,892 b) Short positions Following is a breakdown of the short positions (liabilities): Million euros 2019 2018 2017 Borrowed securities: Debt instruments 390 1,213 2,447 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 390 1,213 890 Santander UK plc — — 1,557 Equity instruments 393 1,087 1,671 Of which: Santander UK plc — — 1,500 Banco Santander, S.A. 308 987 98 Short sales: Debt instruments 13,340 12,702 16,861 Of which: Banco Santander, S.A. 7,980 5,336 8,621 Banco Santander (Brasil) S.A. 5,194 7,300 8,188 14,123 15,002 20,979 |
Loans and advances to customers
Loans and advances to customers | 12 Months Ended |
Dec. 31, 2019 | |
Loans And Advances To Customers Abstract | |
Loans and advances to customers | Loans and advances to customers a) Detail The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Financial assets held for trading** 355 202 8,815 Non-trading financial assets mandatorily at fair value through profit or loss 386 1,881 Financial assets designated at fair value through profit or loss 30,761 21,915 20,475 Financial assets at fair value through other comprehensive income 4,440 1,601 Financial assets at amortised cost 906,276 857,322 Loans and receivables 819,625 Of which: Impairment losses (22,242 ) (23,307 ) (23,934 ) 942,218 882,921 848,915 Loans and advances to customers disregarding impairment losses 964,460 906,228 872,849 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** The decrease in 2018 reflects the run-down of UK's trading business due to the banking reform (Ring-fencing) in 2018. Note 51 contains a detail of the residual maturity periods of financial assets at amortised cost (IFRS 9) and loans and receivables (IAS 39) and of the related average interest rates. Note 54 shows the Group’s total exposure, by geographical origin of the issuer. There are no loans and advances to customers for material amounts without fixed maturity dates. b) Breakdown Following is a breakdown, by loan type and status, geographical area of residence and interest rate formula, of the loans and advances to customers of the Group, which reflect the Group’s exposure to credit risk in its core business, disregarding impairment losses: Million euros 2019 2018 2017 Loan type and status: Commercial credit 37,753 33,301 29,287 Secured loans 513,929 478,068 473,936 Reverse repurchase agreements 45,703 32,310 18,864 Other term loans 267,154 265,696 257,441 Finance leases 35,788 30,758 28,511 Receivable on demand 7,714 8,794 6,721 Credit cards receivables 23,876 23,083 21,809 Impaired assets 32,543 34,218 36,280 964,460 906,228 872,849 Geographical area: Spain 204,810 215,764 227,446 European Union (excluding Spain) 460,338 411,550 390,536 United States and Puerto Rico 100,152 89,325 75,777 Other OECD countries 86,327 82,607 74,463 South America (non - OECD) 92,145 87,406 88,302 Rest of the world 20,688 19,576 16,325 964,460 906,228 872,849 Interest rate formula: Fixed rate 546,619 497,365 447,788 Floating rate 417,841 408,863 425,061 964,460 906,228 872,849 At 31 December 2019 , 2018 and 2017 the Group had granted loans amounting to EUR 9,993 , 13,615 and 16,470 million to Spanish public sector agencies which had a rating at 31 December 2019 of A (ratings of A at 31 December 2018 and ratings of BBB at 31 December 2017 ), and EUR 12,218 , 10,952 and 18,577 million to the public sector in other countries (at 31 December 2019 , the breakdown of this amount by issuer rating was as follows: 15.9% AAA, 11.6% AA, 3.4% A, 56% BBB and 13.1% below BBB). Without considering the Public Administrations, the amount of the loans and advances at 31 December 2019 amounts to EUR 942,249 million , of which, EUR 909,741 million euros are classified as performing. The above-mentioned ratings were obtained by converting the internal ratings awarded to customers by the Group (see Note 54) into the external ratings classification established by Standard & Poor’s, in order to make them more readily comparable. Following is a detail, by activity, of the loans to customers at 31 December 2019 , net of impairment losses: Million euros Secured loans Net exposure Loan-to-value ratio*** Total Without Of which: Of which: Less than or equal to 40% More More More More than 100% Public sector 20,053 19,018 252 783 116 104 83 640 92 Other financial institutions (financial business activity) 67,830 14,375 1,001 52,454 521 757 623 51,157 397 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 319,616 172,659 71,474 75,483 26,695 21,566 20,872 43,227 34,597 Of which: Construction and property development 18,434 2,517 9,954 5,963 4,057 2,175 1,158 2,244 6,283 Civil engineering construction 3,533 2,140 309 1,084 137 282 54 442 478 Large companies 173,090 111,739 23,716 37,635 10,888 7,467 8,874 21,575 12,547 SMEs and individual entrepreneurs 124,559 56,263 37,495 30,801 11,613 11,642 10,786 18,966 15,289 Households – other (broken down by purpose) 519,996 111,771 342,847 65,378 87,432 107,553 113,603 62,346 37,291 Of which: Residential 332,881 1,764 330,491 626 80,001 101,285 106,210 36,669 6,952 Consumer loans 167,338 106,886 2,463 57,989 3,132 3,909 4,114 20,557 28,740 Other purposes 19,777 3,121 9,893 6,763 4,299 2,359 3,279 5,120 1,599 Total* 927,495 317,823 415,574 194,098 114,764 129,980 135,181 157,370 72,377 Memorandum item Refinanced and restructured transactions** 23,430 5,333 13,248 4,849 3,228 2,645 2,412 2,814 6,998 * In addition, the Group has granted advances to customers amounting to EUR 14,723 million, bringing the total of loans and advances to EUR 942,218 million. ** Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. *** The ratio is the carrying amount of the transactions at 31 December 2019 provided by the latest available appraisal value of the collateral. Note 54 contains information relating to the refinanced/restructured loan book. Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under "Financial assets at amortised cost" and “Financial assets at fair value through other comprehensive income” under IFRS 9 during 2019 and 2018 : 2019 Million euros Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 795,829 52,183 33,461 881,473 Movements Transfers Transfer to Stage 2 from Stage 1 (28,369 ) 28,369 — Transfer to Stage 3 from Stage 1 (4,101 ) 4,101 — Transfer to Stage 3 from Stage 2 (13,240 ) 13,240 — Transfer to Stage 1 from Stage 2 12,436 (12,436 ) — Transfer to Stage 2 from Stage 3 2,439 (2,439 ) — Transfer to Stage 1 from Stage 3 488 (488 ) — Net changes on financial assets 61,581 (8,092 ) (3,608 ) 49,881 Write-offs — — (12,593 ) (12,593 ) Exchange differences and others 12,075 1,253 163 13,491 Loss allowance as of 31 December 2019 849,939 50,476 31,837 932,252 2018 Million of euros Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 746,654 60,304 35,477 842,435 Movements Transfers Transfer to Stage 2 from Stage 1 (31,234 ) 31,234 — Transfer to Stage 3 from Stage 1 (3,980 ) 3,980 — Transfer to Stage 3 from Stage 2 (13,998 ) 13,998 — Transfer to Stage 1 from Stage 2 21,795 (21,795 ) — Transfer to Stage 2 from Stage 3 4,103 (4,103 ) — Transfer to Stage 1 from Stage 3 835 (835 ) — Net changes on financial assets 79,727 (5,265 ) (1,997 ) 72,465 Write-offs — — (12,673 ) (12,673 ) Exchange differences and others (17,968 ) (2,400 ) (386 ) (20,754 ) Loss allowance as of 31 December 2018 795,829 52,183 33,461 881,473 At 31 December 2019 , the Group had EUR 706 million (31 December 2018 : EUR 757 million) in purchased credit-impaired assets, which relate mainly to the business combinations carried out by the Group. c) Impairment losses on loans and advances to customers at amortised cost and at fair value through other comprehensive income The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers: Million euros 2019 2018* 2017 Balance at beginning of the year 23,307 25,936 24,393 Impairment losses charged to income for the year 11,108 10,501 10,513 Of which: Impairment losses charged to profit or loss 19,192 17,850 19,006 Impairment losses reversed with a credit to profit or loss (8,084 ) (7,349 ) (8,493 ) Write-off of impaired balances against recorded impairment allowance (12,593 ) (12,673 ) (13,522 ) Exchange differences and other changes** 420 (457 ) 2,550 Balance at end of the year 22,242 23,307 23,934 Which correspond to: Impaired assets 13,933 14,906 16,207 Other assets 8,309 8,401 7,727 Of which: Individually calculated 3,555 4,905 5,311 Collective calculated 18,687 18,402 18,623 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** In 2017, mainly includes the balances from the acquisition of Banco Popular Español, S.A.U. In addition, releases with a credit to fixed-income results amounting to EUR 170 million were recorded in the year (additions amounting to EUR 43 million and EUR 348 million as of 31 December 2018 and 2017 , respectively) and written-off assets recoveries have been recorded in the year amounting to EUR 1,586 million. (31 December 2018 : EUR 1,558 million; 31 December 2017 : EUR 1,620 million). With this, the impairment recorded in Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes: Financial assets at fair value through other comprehensive income and Financial assets at amortised cost (IFRS 9) and, Loans and receivables (IAS 39); amounts EUR 9,352 million (31 December 2018 : EUR 8,986 million; 31 December 2017 : EUR 9,241 million). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers, under IFRS 9 during 2019 and 2018 : 2019 Million euros Stage 1 Stage 2 Stage 3 Total Loss allowance as of 1 January 2019 3,658 4,743 14,906 23,307 Transfers Transfer from Stage 2 to Stage 1 (964 ) 3,235 2,271 Transfer from Stage 3 to Stage 1 (214 ) 1,296 1,082 Transfer from Stage 3 to Stage 2 (3,065 ) 5,612 2,547 Transfer from Stage 1 to Stage 2 301 (1,048 ) (747 ) Transfer from Stage 2 to Stage 3 381 (817 ) (436 ) Transfer from Stage 1 to Stage 3 29 (123 ) (94 ) Net changes of the exposure and modifications in the credit risk 1,119 (182 ) 5,548 6,485 Write-offs — — (12,593 ) (12,593 ) FX and other movements (94 ) 410 104 420 Carrying amount as of 31 December 2019 3,835 4,474 13,933 22,242 2018 Million of euros Stage 1 Stage 2 Stage 3 Total Loss allowance as of 1 January 2018 4,349 5,079 16,507 25,935 Transfers Transfer from Stage 2 to Stage 1 (1,173 ) 3,854 2,681 Transfer from Stage 3 to Stage 1 (279 ) 1,264 985 Transfer from Stage 3 to Stage 2 (1,971 ) 4,528 2,557 Transfer from Stage 1 to Stage 2 438 (1,656 ) (1,218 ) Transfer from Stage 2 to Stage 3 435 (1,264 ) (829 ) Transfer from Stage 1 to Stage 3 84 (173 ) (89 ) Net changes of the exposure and modifications in the credit risk 304 (961 ) 7,070 6,413 Write-offs — — (12,673 ) (12,673 ) FX and other movements (65 ) (37 ) (353 ) (455 ) Carrying amount as of 31 December 2018 3,658 4,743 14,906 23,307 d) Impaired assets and assets with unpaid past-due amounts The detail of the changes in the balance of the financial assets classified as Financial assets at amortised cost – Customers (IFRS 9) and Loans and receivables - Loans and advances to customers (IAS 39) considered to be impaired due to credit risk is as follows: Million euros 2019 2018 2017 Balance at beginning of year 34,218 36,280 32,573 Net additions 10,755 10,821 8,409 Written-off assets (12,593 ) (12,673 ) (13,522 ) Changes in the scope of consolidation — 177 9,618 Exchange differences and other 163 (387 ) (798 ) Balance at end of year 32,543 34,218 36,280 This amount, after deducting the related allowances, represents the Group’s best estimate of the discounted value of the flows that are expected to be recovered from the impaired assets. At 31 December 2019 , the Group’s written-off assets totalled EUR 46,209 million (31 December 2018 : EUR 47,751 million; 31 December 2017 : EUR 43,508 million). Following is a detail of the financial assets classified as Financial assets at amortised cost (IFRS 9) and Loans and receivables to costumers (IFRS 39) and considered to be impaired due to credit risk at 31 December 2019 , classified by geographical location of risk and by age of the first maturity of each operation: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 4,018 914 686 668 8,608 14,894 European Union (excluding Spain) 2,659 1,169 723 622 2,567 7,740 United States and Puerto Rico 1,725 403 34 21 125 2,308 Other OECD countries 1,426 574 172 124 494 2,790 Latin America (non-OECD) 1,948 932 724 592 615 4,811 11,776 3,992 2,339 2,027 12,409 32,543 The detail at 31 December 2018 is as follows: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 5,671 780 551 656 8,724 16,382 European Union (excluding Spain) 2,940 1,213 577 519 2,662 7,911 United States and Puerto Rico 1,906 531 30 31 178 2,676 Other OECD countries 1,414 498 143 162 520 2,737 Latin America (non-OECD) 1,221 1,145 782 561 803 4,512 13,152 4,167 2,083 1,929 12,887 34,218 The detail at 31 December 2017 is as follows: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 6,012 938 793 814 9,643 18,200 European Union (excluding Spain) 2,023 1,526 811 558 3,829 8,747 United States and Puerto Rico 1,221 641 42 50 192 2,146 Other OECD countries 1,523 563 166 128 378 2,758 Latin America (non-OECD) 945 1,309 709 578 888 4,429 11,724 4,977 2,521 2,128 14,930 36,280 Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2019 : Million euros Gross Allowance recognised Estimated collateral Without associated real collateral 11,408 7,144 — With real estate collateral 16,076 4,429 10,819 With other collateral 5,059 2,360 1,900 Total 32,543 13,933 12,719 * Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included. When classifying assets in the previous table, the main factors considered by the Group to determine whether an asset has become impaired are the existence of amounts past due -assets impaired due to arrears- or other circumstances may be arise which will not result in all contractual cash flow being recovered, such as a deterioration of the borrower’s financial situation, the worsening of its capacity to generate funds or difficulties experienced by it in accessing credit. Past-due amounts receivable In addition, at 31 December 2019 , there were amounts receivable that were past due by 90 days or less, the detail of which, by age of the oldest past-due amount, is as follows: Million euros Less 1 to 2 2 to 3 Loans and advances to customers 1,738 894 351 Of which Public Sector 1 — — Total 1,738 894 351 e) Securitisation retained on the balance sheet Loans and advances to customers includes, inter alia, the securitised loans transferred to third parties on which the Group has retained the risks and rewards, albeit partially, and which therefore, in accordance with the applicable accounting standards, cannot be derecognised. This is mainly due to mortgage loans, loans to companies and consumer loans in which the group retains subordinate financing and/or grants some kind of credit enhancement to new holders. Securitisation is used as a tool for the management of regulatory capital and as a means of diversifying the Group's liquidity sources. Million euros 2019 2018 2017 Retained on the balance sheet 93,553 88,767 91,208 Of which Securitised mortgage assets 31,868 33,900 36,844 Of which: UK assets 13,002 13,519 15,694 Other securitised assets 61,685 54,867 54,364 Total* 93,553 88,767 91,208 * Note 22 details the liabilities associated with these securitisation transactions. Additionally, there are EUR 676 million (EUR 797 million and EUR 1,139 million in 2018 and 2017, respectively) of off-balance sheet securitised assets that mainly come from the business combination of Banco Popular Español, S.A.U. and that were never recorded on the Group's balance sheet. |
Trading derivatives
Trading derivatives | 12 Months Ended |
Dec. 31, 2019 | |
Derivatives [Abstract] | |
Trading derivatives | Trading derivatives The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Notional amount Market Notional amount Market Notional amount Market Trading derivatives: Interest rate risk Forward rate agreements 218,252 (8 ) 308,340 (1 ) 190,553 (15 ) Interest rate swaps 4,322,199 2,573 4,197,246 115 3,312,025 974 Options, futures and other derivatives 794,140 (907 ) 543,138 (514 ) 540,424 (511 ) Credit risk Credit default swaps 23,701 (71 ) 18,889 33 25,136 68 Foreign currency risk Foreign currency purchases and sales 325,720 (441 ) 275,449 301 236,805 (29 ) Foreign currency options 44,763 (182 ) 54,215 2 43,488 (37 ) Currency swaps 379,176 (1,162 ) 334,524 (416 ) 295,753 (1,628 ) Securities and commodities derivatives and other 61,966 579 59,932 1,078 70,325 529 Total 6,169,917 381 5,791,733 598 4,714,509 (649 ) |
Non-current assets
Non-current assets | 12 Months Ended |
Dec. 31, 2019 | |
Non-current assets held for sale | |
Non-current assets | Non-current assets The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Tangible assets 4,588 5,424 11,661 Of which: Foreclosed assets 4,485 5,334 11,566 Of which: property assets in Spain* 3,667 4,488 10,533 Other tangible assets held for sale 103 90 95 Other assets** 13 2 3,619 Total 4,601 5,426 15,280 * During 2019, the sale of real estate assets to Cerberus from awards has materialised, generating losses of EUR 180 million . In March 2018, the agreement for the operation of Banco Popular Español, S.A.U. real estate business with Blackstone was materialised (see Note 3). ** In 2017, the item Other assets includes, mainly, Banco Popular Español, S.A.U. assets under the sale of the real estate business to Blackstone (see Note 3). At 31 December 2019 , the allowances recognised for the total non-current assets held for sale represented 48% ( 2018 : 49% and 2017 : 50% without considering the assets of Banco Popular Español, S.A.U. sold on March 2018). The charges recorded in those years amounted to EUR 279 million, EUR 320 million and EUR 347 million, respectively, and the recoveries during these exercises are amounted to EUR 133 million, EUR 61 million and EUR 41 million, respectively. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2019 | |
Investments | |
Investments | Investments a) Breakdown The detail, by company, of Investments is as follows: Million euros 2019 2018 2017 Associated entities Merlin Properties, SOCIMI, S.A. 1,511 1,358 1,242 Project Quasar Investment 2017 S.L. 1,351 1,701 — Metrovacesa, S.A. 1,226 1,255 — Caceis (Note 3) 1,010 — — Zurich Santander Insurance 1,009 961 988 Testa Residencial, SOCIMI, S.A. — — 651 Allianz Popular, S.L. 409 431 438 Companies Santander Insurance - Consolidated 402 392 358 Other companies 529 511 520 7,447 6,609 4,197 Joint Ventures entities WiZink Bank, S.A. — — 1,017 Santander Securities Services 349 — — Unión de Créditos 206 202 207 Santander Generales Seguros y Reaseguros, S.A. y Santander Vida Seguros y Reaseguros, S.A. (former Aegon Santander Seguros) 170 163 186 Other companies 600 614 577 1,325 979 1,987 Of the entities included above, at 31 December 2019 , the entities Merlin Properties, SOCIMI, S.A, Metrovacesa S.A. and Compañía Española de Viviendas en Alquiler, S.A. are the only listed companies. b) Changes The changes in the investments were as followed: Million euros 2019 2018* 2017 Balance at beginning of year 7,588 6,150 4,836 Acquisitions (disposals) of companies and capital increases (reductions) (123 ) (1,761 ) 1,893 Of which: WiZink Bank, S.A. — (1,033 ) 1,017 Allianz Popular, S.L. — — 438 Changes in the consolidation method (Note 3) 1,368 2,967 (582 ) Of which: Caceis 1,010 — — Santander Securities Services Latam Holding , S.L. - Consolidated 349 — — Project Quasar Investments 2017, S.L. — 1,701 — Metrovacesa, S.A. — 1,255 — Effect of equity accounting 324 737 704 Dividends paid and reimbursements of share premium (407 ) (404 ) (376 ) Exchange differences and other changes 22 (101 ) (291 ) Balance at end of year 8,772 7,588 6,184 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). c) Impairment losses In 2019 , 2018 and 2017 there was no evidence of material impairment on the Group’s investments. d) Other information Following is a summary of the financial information on the associated entities and joint ventures (obtained from the information available at the date of preparation of the financial statements): Million euros 2019 2018 2017 Total assets 165,386 74,765 63,093 Total liabilities (143,987 ) (58,153 ) (51,242 ) Net assets 21,399 16,612 11,851 Investments in Group joint ventures and associates in the net assets of associates 6,729 6,157 4,194 Goodwill 2,043 1,431 1,990 Of which: Zurich Santander Insurance America S.L. - Consolidated 526 526 526 Caceis 466 — — Allianz Popular, S.L. 347 347 347 Santander Securities Services Latam Holding, S.L. - Consolidated 207 — — Companies Santander 205 205 205 WiZink Bank, S.A. — — 553 Total Group share 8,772 7,588 6,184 Total income 14,172 12,174 12,536 Total profit 1,375 1,867 1,699 Group’s share of profit 324 737 704 Following is a summary of the financial information for 2019 on the main associates and joint ventures (obtained from the information available at the date of preparation of the financial statements): Million euros Total Total Total Total Joint Ventures entities 24,284 22,247 2,708 349 Of which: Unión de Créditos Inmobiliarios, S.A., E.F.C. - Consolidated 13,088 12,683 261 11 Santander Generales Seguros y Reaseguros, S.A. y Santander Vida Seguros y Reaseguros, S.A. (former Aegon Santander Seguros) 817 600 521 65 Santander Securities Services Latam Holding , S.L. - Consolidated 391 99 103 59 Associated entities 141,102 121,740 11,464 1,026 Of which: Caceis 88,015 84,045 1,632 159 Zurich Santander Insurance America, S.L. - Consolidated 15,865 14,875 5,579 406 Project Quasar Investments 2017, S.L. 9,928 6,712 494 (714 ) Allianz Popular, S.L. 2,749 2,593 361 76 Companies Santander Insurance - Consolidated 2,424 2,024 817 84 Total 165,386 143,987 14,172 1,375 |
Insurance contracts linked to p
Insurance contracts linked to pensions | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of types of insurance contracts [abstract] | |
Insurance contracts linked to pensions | Insurance contracts linked to pensions The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 192 210 239 192 210 239 |
Liabilities and assets under in
Liabilities and assets under insurance contracts and reinsurance assets | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [abstract] | |
Liabilities and assets under insurance contracts and reinsurance assets | Liabilities and assets under insurance contracts and reinsurance assets The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see Note 2.j) is as follows: Million euros 2019 2018 2017 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 59 (52 ) 7 52 (47 ) 5 50 (41 ) 9 Life insurance 206 (151 ) 55 227 (163 ) 64 483 (151 ) 332 Unearned premiums and risks 139 (132 ) 7 140 (127 ) 13 100 (96 ) 4 Mathematical provisions 67 (19 ) 48 87 (36 ) 51 383 (55 ) 328 Claims outstanding 399 (55 ) 344 397 (86 ) 311 423 (115 ) 308 Bonuses and rebates 22 (10 ) 12 20 (9 ) 11 29 (11 ) 18 Other technical provisions 53 (24 ) 29 69 (19 ) 50 132 (23 ) 109 739 (292 ) 447 765 (324 ) 441 1,117 (341 ) 776 |
Tangible assets
Tangible assets | 12 Months Ended |
Dec. 31, 2019 | |
Property, plant and equipment [abstract] | |
Tangible assets | Tangible assets a) Changes The changes in Tangible assets in the consolidated balance sheets were as follows: Million euros Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Cost: Balances at 1 January 2017 18,112 18,238 3,465 39,815 Additions / disposals (net) due to change in the scope of consolidation 1,740 205 — 1,945 Additions / disposals (net) 781 2,445 (100 ) 3,126 Transfers, exchange differences and other items (1,357 ) (2,215 ) (223 ) (3,795 ) Balances at 31 December 2017 19,276 18,673 3,142 41,091 Additions / disposals (net) due to change in the scope of consolidation 34 44 (630 ) (552 ) Additions / disposals (net) 589 5,545 (182 ) 5,952 Transfers, exchange differences and other items (1,164 ) 825 48 (291 ) Balances at 31 December 2018 18,735 25,087 2,378 46,200 IFRS 16 Adoption impact 6,693 — — 6,693 6,693 — — 6,693 Balances at 1 January 2019 25,428 25,087 2,378 52,893 6,693 — — 6,693 Additions / disposals (net) due to change in the scope of consolidation (5 ) — (15 ) (20 ) — — — — Additions / disposals (net) 1,863 3,148 (310 ) 4,701 (997 )* — — (997 ) Transfers, exchange differences and other items (178 ) (3,781 ) (603 ) (4,562 ) (10 ) — — (10 ) Balances at 31 December 2019 27,108 24,454 1,450 53,012 5,686 — — 5,686 Accumulated depreciation: Balances at 1 January 2017 (10,211 ) (5,169 ) (197 ) (15,577 ) Disposals due to change in the scope of consolidation — — — — Disposals 478 639 8 1,125 Charge for the year (1,165 ) — (25 ) (1,190 ) Transfers, exchange differences and other items (22 ) (1,574 ) 25 (1,571 ) Balances at 31 December 2017 (10,920 ) (6,104 ) (189 ) (17,213 ) Disposals due to change in the scope of consolidation (12 ) (34 ) — (46 ) Disposals 629 413 17 1,059 Charge for the year (1,159 ) — (13 ) (1,172 ) Transfers, exchange differences and other items 938 (2,679 ) (14 ) (1,755 ) Balances at 31 December 2018 (10,524 ) (8,404 ) (199 ) (19,127 ) IFRS 16 Adoption impact — — — — — — — — Balances at 1 January 2019 (10,524 ) (8,404 ) (199 ) (19,127 ) — — — — Disposals due to change in the scope of consolidation 3 — 6 9 — — — — Disposals 356 2,149 32 2,537 37 — — 37 Charge for the year (2,021 ) — (14 ) (2,035 ) (807 ) — — (807 ) Transfers, exchange differences and other items 212 1,045 31 1,288 5 — — 5 Balances at 31 December 2019 (11,974 ) (5,210 ) (144 ) (17,328 ) (765 ) — — (765 ) * Includes contract extensions on operating leases. Million euros Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Impairment losses: Balances at 1 January 2017 (41 ) (159 ) (752 ) (952 ) Impairment charge for the year (16 ) (42 ) (21 ) (79 ) Releases 4 — 3 7 Disposals due to change in the scope of consolidation — (2) (1 ) (3 ) Exchange differences and other (24 ) 5 142 123 Balances at 31 December 2017 (77 ) (198 ) (629 ) (904 ) Impairment charge for the year (30 ) (56 ) (8 ) (94 ) Releases 6 — 5 11 Disposals due to change in the scope of consolidation — — — — Exchange differences and other 40 15 16 71 Balances at 31 December 2018 (61 ) (239 ) (616 ) (916 ) IFRS 16 Adoption impact — — — — — — — — Balances at 1 January 2019 (61 ) (239 ) (616 ) (916 ) — — — — Impairment charge for the year (14 ) (12 ) (36 ) (62 ) — — — — Releases 8 6 3 17 — — — — Disposals due to change in the scope of consolidation — — — — — — — — Exchange differences and other (26 ) 222 316 512 — — — — Balances at 31 December 2019 (93 ) (23 ) (333 ) (449 ) — — — — Tangible assets, net: Balances at 31 December 2017 8,279 12,371 2,324 22,974 Balances at 31 December 2018 8,150 16,444 1,563 26,157 IFRS 16 Adoption impact 6,693 — — 6,693 6,693 — — 6,693 Balances at 1 January 2019 14,843 16,444 1,563 32,850 6,693 — — 6,693 Balances at 31 December 2019 15,041 19,221 973 35,235 4,921 — — 4.921 b) Tangible assets - For own use i. Property, plant and equipment owned The detail, by class of asset, of Property, plant and equipment which is owned by the Group in the consolidated balance sheets is as follows: Million euros Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 5,892 (2,014 ) (77 ) 3,801 IT equipment and fixtures 5,608 (4,422 ) — 1,186 Furniture and vehicles 7,213 (4,391 ) — 2,822 Construction in progress and other items 563 (93 ) — 470 Balances at 31 December 2017 19,276 (10,920 ) (77 ) 8,279 Land and buildings 6,127 (2,056 ) (61 ) 4,010 IT equipment and fixtures 5,605 (4,455 ) — 1,150 Furniture and vehicles 6,686 (3,946 ) — 2,740 Construction in progress and other items 317 (67 ) — 250 Balances at 31 December 2018 18,735 (10,524 ) (61 ) 8,150 Land and buildings 13,972 (2,889 ) (93 ) 10,990 4,908 IT equipment and fixtures 5,995 (4,808 ) — 1,187 2 Furniture and vehicles 6,952 (4,216 ) — 2,736 11 Construction in progress and other items 189 (61 ) — 128 — Balances at 31 December 2019 27,108 (11,974 ) (93 ) 15,041 4,921 The carrying amount at 31 December 2019 in the foregoing table includes the following approximate amounts EUR 7,737 million (31 December 2018 : EUR 5,390 million; 31 December 2017 : EUR 5,455 million) relating to property, plant and equipment owned by Group entities and branches located abroad. c) Tangible assets - Leased out under an operating lease The Group has assets leased out under operating leases where the company is the lessor and do not meet the accounting requirements to be classified as finance leases. The net cost of these leases is recorded as an asset and depreciated on a straight-line basis over the contractual term of the lease to the expected residual value. The expected residual value and, consequently, the monthly depreciation expense may change during the term of the lease. The Group estimates expected residual values using independent data sources and internal statistical models. It also assesses the estimate of the residual value of these leases and adjusts the depreciation rate in line with the change in the expected value of the asset at the end of the lease. The Group periodically assesses its investment in operating leases for impairment in certain circumstances, such as a systemic and material decrease in the values of used vehicles. If assets leased out under operating leases are deemed to be impaired, impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows. In 2019, 2018 and 2017 the Group did not recognise any material impairment in this respect. Of the EUR 19,221 million that the Group had assigned to operating leases at 31 December 2019, EUR 14,779 million relate to vehicles of Santander Consumer USA Holdings Inc. and the variable lease payments of various items of this entity amounted to EUR 24 million , EUR 26 million and EUR 21 million at 31 December 2019, 2018 and 2017, respectively. In addition, the maturity analysis of the payments for assets leased out under operating leases from Santander Consumer USA Holdings Inc. is as follows: Million euros 2019 Maturity Analysis 2020 2,467 2021 6,330 2022 5,474 2023 1,362 d) Tangible assets - Investment property The fair value of investment property at 31 December 2019 amounted to EUR 1,076 million ( 2018 : EUR 1,825 million; 2017 : EUR 2,452 million). A comparison of the fair value of investment property at 31 December 2019 , with the net book value shows gross unrealised gains of EUR 103 million ( 2018 : EUR 262 million and 2017 : EUR 128 ), attributed completely to the group. The rental income earned from investment property and the direct costs related both to investment properties that generated rental income in 2019 , 2018 and 2017 and to investment properties that did not generate rental income in those years are not material in the context of the consolidated financial statements. |
Intangible assets - Goodwill
Intangible assets - Goodwill | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reconciliation of changes in goodwill [abstract] | |
Intangible assets - Goodwill | Intangible assets – Goodwill The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: Million euros 2019 2018 2017 Santander UK 7,147 8,307 8,375 Banco Santander (Brasil) 4,388 4,459 4,988 Santander Bank Polska 2,427 2,402 2,473 Santander Consumer USA 2,143 2,102 2,007 Santander Bank, National Association 1,828 1,793 1,712 Santander Consumer Germany 1,236 1,217 1,217 SAM Investment Holdings Limited 1,173 1,173 1,173 Santander Portugal 1,040 1,040 1,040 Santander España* 1,027 1,023 648 Banco Santander - Chile 589 627 676 Santander Consumer Nordics 496 502 518 Grupo Financiero Santander (México) 460 434 413 Other companies 292 387 529 Total Goodwill 24,246 25,466 25,769 * Includes mainly goodwill arising from purchases of Grupo Banco Popular S.A.U.´s network and WiZink´s card business. The changes in goodwill were as follows: Million euros 2019 2018 2017 Balance at beginning of year 25,466 25,769 26,724 Additions (Note 3) 41 383 1,644 Of which: SAM Investment Holdings Limited — — 1,173 Santander España* 4 375 248 Impairment losses (1,491 ) — (899 ) Of which: Santander UK plc (1,491 ) — — Santander Consumer USA — — (799 ) Disposals or changes in scope of consolidation — (130 ) — Exchange differences and other items 230 (556 ) (1,700 ) Balance at end of year 24,246 25,466 25,769 * At 31 December 2018, this includes EUR 375 million for the unsold part of the WiZink stake. As of 31 December 2017, includes EUR 248 million for the acquisition of Banco Popular Español S A.U. The Group has goodwill generated by cash-generating units located in non-euro currency countries (mainly the UK, Brazil, the United States, Poland, Chile, Norway, Sweden and Mexico) and, therefore, this gives rise to exchange differences on the translation to euros, at closing rates, of the amounts of goodwill denominated in foreign currencies. Accordingly, in 2019 there was an increase of EUR 230 million (decrease of EUR 556 and 1,704 million in 2018 and 2017 ) due to exchange differences and other items which, pursuant to current standards, were recognised with a debit to Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences in other comprehensive income in the consolidated statement of recognised income and expense (see Note 29.d). At least once per year (or whenever there is any indication of impairment), the Group reviews goodwill for impairment (i.e. a potential reduction in its recoverable value to below its carrying amount). The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, i.e. the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The amount to be recovered of each cash-generating unit is determined taking into consideration the carrying amount (including any fair value adjustment arising on the business combination) of all the assets and liabilities of all the independent legal entities composing the cash-generating unit, together with the related goodwill. The amount to be recovered of the cash-generating unit is compared with its recoverable amount in order to determine whether there is any impairment. The Group’s directors assess the existence of any indication that might be considered to be evidence of impairment of the cash-generating unit by reviewing information including the following: (i) certain macroeconomic variables that might affect its investments (population data, political situation, economic situation -including banking concentration level-, among others) and (ii) various microeconomic variables comparing the investments of the Group with the financial services industry of the country in which the cash-generating unit carries on most of its business activities (balance sheet composition, total funds under management, results, efficiency ratio, capital adequacy ratio, return on equity, among others). Regardless of whether there is any indication of impairment, every year the Group calculates the recoverable amount of each cash-generating unit to which goodwill has been allocated and, to this end, it uses price quotations, market references (multiples), internal estimates and appraisals performed by independent experts, other than the external auditor. Firstly, the Group determines the recoverable amount by calculating the fair value of each cash-generating unit on the basis of the quoted price of the cash-generating units, if available, and of the Price Earnings Ratio of comparable local entities. In addition, the Group performs estimates of the recoverable amounts of certain cash-generating units by calculating their value in use using discounted cash flow projections. The main assumptions used in this calculation are: (i) earnings projections based on the financial budgets approved by the Group’s directors which cover between three and five year period (unless a longer time horizon can be justified), (ii) discount rates determined as the cost of capital taking into account the risk-free rate of return plus a risk premium in line with the market and the business in which the units operate and (iii) constant growth rates used in order to extrapolate earnings in perpetuity which do not exceed the long-term average growth rate for the market in which the cash-generating unit in question operates. The cash flow projections used by Group management to obtain the values in use are based on the financial budgets approved by both local management of the related local units and the Group’s directors. The Group’s budgetary estimation process is common for all the cash-generating units. The local management teams prepare their budgets using the following key assumptions: a) Microeconomic variables of the cash-generating unit: management takes into consideration the current balance sheet structure, the product mix on offer and the business decisions taken by local management in this regard. b) Macroeconomic variables: growth is estimated on the basis of the changing environment, taking into consideration expected GDP growth in the unit’s geographical location and forecast trends in interest and exchange rates. These data, which are based on external information sources, are provided by the Group’s economic research service. c) Past performance variables: in addition, management takes into consideration in the projection the difference (both positive and negative) between the cash-generating unit’s past performance and that of the market. Following is a detail of the main assumptions used in determining the recoverable amount, at 2019 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2019 Projected period Discount rate* Nominal Santander UK 5 years 8.5 % 2.5 % Santander Bank Polska** 5 years 9.2 % 3.5 % Santander Consumer USA 3 years 9.5 % 1.5 % Santander Bank, National Association 5 years 9.6 % 3.6 % Santander Consumer Germany 5 years 8.2 % 2.5 % SAM Investment Holdings Limited 5 years 10.0 % 2.5 % Santander Portugal 5 years 8.9 % 2.0 % Santander Consumer Nordics 5 years 8.6 % 2.5 % * Post-tax discount rate. ** The recoverable amount has been calculated using the market price in previous years. The discount and nominal perpetual growth rates used in 2018 and 2017 are presented below for comparison purposes: Discount rate* Nominal 2018 2017 2018 2017 Santander UK 8.4 % 8.4 % 2.5 % 2.5 % Santander Consumer USA 11.1 % 10.7 % 1.5 % 2.5 % Santander Bank, National Association 10.6 % 10.1 % 3.8 % 3.7 % Santander Consumer Germany 8.5 % 8.6 % 2.5 % 2.5 % SAM Investment Holdings Limited 9.6 % n.a. 2.5 % n.a. Santander Portugal 9.6 % 10.0 % 2.0 % 2.5 % Santander Consumer Nordics 9.2 % 9.0 % 2.5 % 2.5 % * Post-tax discount rate. Given the degree of uncertainty of these assumptions, the Group performs a sensitivity analysis thereof using reasonable changes in the key assumptions on which the recoverable amount of the cash-generating units is based in order to confirm whether their recoverable amount still exceeds their carrying amount. The sensitivity analysis involved adjusting the discount rate by +/- 50 basis points and the perpetuity growth rate by +/- 50 basis points. Following the sensitivity analysis performed, the value in use of all the cash-generating units still exceeds their recoverable amount, albeit: • In the case of Santander UK, the Group recognised a goodwill impairment amounting to EUR 1,491 million. The mentioned impairment was estimated considering the following reasons: decrease in Unit´s capacity of benefits generation in contrast with the forecast carried out in the previous years, the general competitive environment in the United Kingdom, the impact of banking reform on retail businesses, and the impact of the uncertainty generated by Brexit on the economic growth of the country. • In the case of Santander Consumer USA, the Group recognised in 2017 a goodwill impairment amounting to EUR 799 million. The mentioned impairment was estimated considering the decrease in the entity’s profit in contrast with the forecasts carried out in the previous years, derived from a change in the long term business strategy. The recoverable amount of Banco Santander - Chile, Grupo Financiero Santander (México) and Banco Santander (Brasil) was calculated as the fair values of the aforementioned cash-generating units obtained from the market prices of their shares at year-end. This value exceeded the recoverable amount. Based on the above, and in accordance with the estimates, forecasts and sensibility analysis available for the managers of the bank, during 2019 the Group recognised goodwill impairment losses within Impairment or reversal of impairment on non-financial assets, net - Intangible assets caption amounting to EUR 1,491 million, which corresponds to Santander UK ( no impairment during 2018 and EUR 899 during 2017 ). Goodwill is deducted from the CET1 for regulatory purposes, so an impairment of goodwill has no impact on the Group's capital ratios. |
Intangible assets - Other intan
Intangible assets - Other intangible assets | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible assets - Other intangible assets | Intangible assets - Other intangible assets The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2019 , 2018 , and 2017 is as follows: Million euros Estimated 31 December 2018 Net Change in Amortization Application of Exchange 31 December 2019 With indefinite useful life: Brand names 36 2 2 — 2 42 With finite useful life: IT developments 3 -7 years 7,134 1,374 (19 ) (639 ) 95 7,945 Other 1,510 1 (24 ) (248 ) 37 1,276 Accumulated amortisation (5,432 ) — 8 (966 ) 806 (102 ) (5,686 ) Development (4,743 ) — 4 (874 ) 570 (96 ) (5,139 ) Other (689 ) — 4 (92 ) 236 (6 ) (547 ) Impairment losses (154 ) — — (73 ) 81 10 (136 ) Of which: addition — — — (75 ) — — — liberation — — — 2 — — — 3,094 1,377 (33 ) (1,039 ) — 42 3,441 Million euros Estimated 31 December 2017 Net Change in Amortization Application of Exchange 31 December 2018 With indefinite useful life: Brand names 35 — — — 1 36 With finite useful life: IT developments 3-7 years 6,945 1,468 1 (1,102 ) (178 ) 7,134 Other 1,560 1 12 (50 ) (13 ) 1,510 Accumulated amortisation (5,386 ) — (1 ) (1,253 ) 1,035 173 (5,432 ) Development (4,721 ) — (1 ) (1,153 ) 985 147 (4,743 ) Other (665 ) — — (100 ) 50 26 (689 ) Impairment losses (240 ) — — (117 ) 117 86 (154 ) Of which: addition — — — (118 ) — — — liberation — — — 1 — — — 2,914 1,469 12 (1,370 ) — 69 3,094 Million euros Estimated 31 December 2016 Net Change in Amortization Application of Exchange 31 December 2017 With indefinite useful life: Brand names 39 — — — (4 ) 35 With finite useful life: IT developments 3-7 years 6,558 1,470 42 — (679 ) (446 ) 6,945 Other 1,245 68 436 — (126 ) (63 ) 1,560 Accumulated amortisation (4,848 ) — (64 ) (1,403 ) 694 235 (5,386 ) Development (4,240 ) — (14 ) (1,310 ) 627 216 (4,721 ) Other (608 ) — (50 ) (93 ) 67 19 (665 ) Impairment losses (297 ) — — (174 ) 111 120 (240 ) Of which: addition — — — (174 ) — — — 2,697 1,538 414 (1,577 ) — (158 ) 2,914 In 2019 , 2018 and 2017 , impairment losses of EUR 73 million, EUR 117 million and EUR 174 million, respectively, were recognised under Impairment or reversal of impairment on non-financial assets, net – intangible assets. This impairment losses related mainly to the decline in or loss of the recoverable value of certain computer systems and applications as a result of the processes initiated by the Group to adapt to the various regulatory changes and to transform or integrate businesses. |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2019 | |
Miscellaneous assets [abstract] | |
Other assets | Other assets The detail of Other assets is as follows: Million euros 2019 2018 2017 Transactions in transit 157 143 206 Net pension plan assets (Note 25) 903 1,015 604 Prepayments and accrued income 3,129 3,089 2,326 Other (Note 2.n) 5,752 4,744 4,427 9,941 8,991 7,563 |
Deposits from central banks and
Deposits from central banks and credit institutions | 12 Months Ended |
Dec. 31, 2019 | |
Deposits from central banks and credit institutions | |
Deposits from central banks and credit institutions | Deposits from central banks and credit institutions The detail, by classification, counterparty, type and currency, of Deposits from central banks and Deposits from credit institutions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 CENTRAL BANKS Classification: Financial liabilities held for trading — — 282 Financial liabilities designated at fair value through profit or loss 12,854 14,816 8,860 Financial liabilities at amortised cost 62,468 72,523 71,414 75,322 87,339 80,556 Type: Deposits on demand 5 5 5 Time deposits 67,424 82,797 78,801 Reverse repurchase agreements 7,893 4,537 1,750 75,322 87,339 80,556 CREDIT INSTITUTIONS Classification: Financial liabilities held for trading — — 292 Financial liabilities designated at fair value through profit or loss 9,340 10,891 18,166 Financial liabilities at amortised cost 90,501 89,679 91,300 99,841 100,570 109,758 Type: Deposits on demand 9,136 6,154 6,444 Time deposits 61,406 53,422 54,158 Reverse repurchase agreements 29,115 40,873 49,049 Subordinated deposits 184 121 107 99,841 100,570 109,758 Currency: Euro 79,008 97,323 119,606 Pound sterling 18,129 19,301 14,820 US dollar 53,403 45,848 33,259 Brazilian real 13,022 18,657 16,485 Other currencies 11,601 6,780 6,144 TOTAL 175,163 187,909 190,314 At 31 December 2019 , the European Central Bank's targeted longer-term refinancing operations ( TLTROs (Targeted Long-Term Refinancing Operation)) amounted to EUR 46,201 million (EUR 55,382 million at 31 December 2018). Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost and of the related average interest rates. |
Customer deposits
Customer deposits | 12 Months Ended |
Dec. 31, 2019 | |
Deposits from customers [abstract] | |
Customer deposits | Customer deposits The detail, by classification, geographical area and type, of Customer deposits is as follows: Million of euros 2019 2018 2017 Classification: Financial liabilities held for trading — — 28,179 Financial liabilities designated at fair value through profit or loss 34,917 39,597 28,945 Financial liabilities 789,448 740,899 720,606 824,365 780,496 777,730 Geographical area: Spain 271,103 267,210 260,181 European Union (excluding Spain) 334,542 309,615 318,580 United States and Puerto Rico 60,011 53,843 50,771 Other OECD countries 71,235 67,462 62,980 South America 87,474 82,343 84,752 Rest of the world — 23 466 824,365 780,496 777,730 Type: Demand deposits- Current accounts 373,146 346,345 328,217 Savings accounts 208,701 196,493 189,845 Other demand deposits 6,686 5,873 7,010 Time deposits- Fixed-term deposits and other term deposits 194,163 195,540 195,285 Home-purchase savings accounts 44 40 45 Discount deposits 3 3 3 Hybrid financial liabilities 2,711 3,419 4,295 Subordinated liabilities — 23 21 Repurchase agreements 38,911 32,760 53,009 824,365 780,496 777,730 * The decrease reflects the run-down of UK's trading business due to the banking reform (Ring-fencing). Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost and of the related average interest rates. |
Marketable debt securities
Marketable debt securities | 12 Months Ended |
Dec. 31, 2019 | |
Marketable Debt Securities [Abstract] | |
Marketable debt securities | Marketable debt securities a) Breakdown The detail, by classification and type, of Marketable debt securities is as follows: Million euros 2019 2018 2017 Classification: Financial liabilities — — — Financial liabilities designated 3,758 2,305 3,056 Financial liabilities 258,219 244,314 214,910 261,977 246,619 217,966 Type: Bonds and debentures outstanding 208,455 195,498 176,719 Subordinated 20,878 23,676 21,382 Notes and other securities 32,644 27,445 19,865 261,977 246,619 217,966 The distribution of the book value of debt securities issued by contractual maturity is shown below: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 130 1,313 19,435 20,878 Senior unsecured debt — 3.128 9.504 18,923 33,263 31,199 22,283 118,300 Senior secured debt — 8.172 1.938 13,333 33,106 14,743 18,863 90,155 Promissory notes and other securities — 4.941 11.455 16,248 — — — 32,644 Debt securities issued — 16.241 22.897 48,504 66,499 47,255 60,581 261,977 The distribution by contractual maturity of the notional amounts of these debt securities issued is as follows: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 129 1,299 19,221 20,649 Senior unsecured debt — 3,056 9,286 18,489 32,499 30,483 21,771 115,584 Senior secured debt — 8,152 1,934 13,301 33,026 14,707 18,818 89,938 Promissory notes and other securities — 5,058 11,725 16,631 — — — 33,414 Debt securities issued — 16,266 22,945 48,421 65,654 46,489 59,810 259,585 b) Bonds and debentures outstanding The detail, by currency of issue, of Bonds and debentures outstanding is as follows: 2019 Million euros Currency of issue 2019 2018 2017 Outstanding issue amount in foreign currency (Million) Annual Euro 89,008 85,479 83,321 89,008 1.13 % US dollar 64,952 62,021 48,688 72,967 3.01 % Pound sterling 20,178 16,616 13,279 17,167 2.15 % Brazilian real 15,292 15,778 17,309 69,054 4.94 % Chilean peso 6,848 6,460 5,876 5,791,169 4.48 % Other currencies 12,177 9,144 8,246 Balance at end of year 208,455 195,498 176,719 The changes in Bonds and debentures outstanding were as follows: Million euros 2019 2018 2017 Balance at beginning of year 195,498 176,719 183,278 Net inclusion of entities in the Group — — 11,426 Of which: Banco Santander, S.A. (Group Banco Popular S.A.U.) — — 11,426 Issues 64,184 68,306 62,260 Of which: Santander Consumer USA Holdings Inc. 15,631 15,627 11,242 Banco Santander (Brasil) S.A. 13,227 16,422 16,732 Banco Santander, S.A.* 12,066 7,683 10,712 Santander Consumer Finance, S.A. 5,150 3,605 2,508 Grupo Santander UK 4,547 14,984 7,625 Santander Holdings USA, Inc. 2,778 1,210 4,133 Banco Santander - Chile 1,644 1,483 579 Santander Consumer Bank A.S. 1,572 1,342 1,117 PSA Banque France 1,132 716 1,032 PSA Bank Deutschland GmbH 1,104 600 13 Santander International Products, Plc. 848 249 588 SCF Rahoituspalvelut VIII DAC 799 — — Santander Consumer Bank AG 750 — 749 Santander Consumer Bank S.p.A. 589 — 151 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 577 560 118 Banco Santander Totta, S.A. — — 1,999 SCF Rahoituspalvelut KIMI VI DAC — — 635 Redemptions and repurchases (52,462 ) (48,319 ) (66,871 ) Of which: Santander Consumer USA Holdings Inc. (14,517 ) (11,939 ) (10,264 ) Banco Santander (Brasil) S.A. (12,817 ) (14,802 ) (23,187 ) Santander Group UK (9,115 ) (6,800 ) (13,303 ) Banco Santander, S.A.* (3,303 ) (4,752 ) (9,956 ) Santander Consumer Finance, S.A. (2,550 ) (2,366 ) (1,618 ) Santander Holdings USA, Inc. (1,990 ) (903 ) (759 ) Santander Consumer Bank AS (1,551 ) (1,268 ) (337 ) PSA Bank Deutschland GmbH (902 ) (488 ) (23 ) Banco Santander- Chile (848 ) (204 ) (1,442 ) Banco Santander Totta, S.A. (739 ) (41 ) (998 ) Santander International Products, Plc. (722 ) (491 ) (310 ) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (159 ) (579 ) (224 ) Santander Bank, National Association — — (886 ) Banca PSA Italia S.p.A. — (600 ) — Exchange differences and other movements 1,235 (1,208 ) (13,374 ) Balance at year-end 208,455 195,498 176,719 * As of 31 December 2017 , issuer entities were included. c) Notes and other securities These notes were issued basically by Santander Consumer Finance, S.A., Santander UK plc, Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander México, Banco Santander, S.A. , Santander Consumer Bank AG, PSA Banque France, Banco Santander - Chile and Santander Bank Polska, S.A. d) Guarantees Set forth below is information on the liabilities secured by financial assets: Million euros 2019 2018 2017 Asset-backed securities 38,616 38,140 32,505 Of which, mortgage-backed securities 3,819 5,197 4,034 Other mortgage securities 50,269 46,026 52,497 Of which: mortgage-backed bonds 24,736 22,023 23,907 Territorial covered bond 1,270 1,270 1,270 90,155 85,436 86,272 The main characteristics of the assets securing the aforementioned financial liabilities are as follows: 1. Asset-backed securities: a. Mortgage-backed securities- these securities are secured by mortgage assets (see Note 10.e) with average maturities of more than ten years that must: be a first mortgage for acquisition of principal or second residence, be current in payments, have a loan-to-value ratio below 80% and have a liability insurance policy in force covering at least the appraisal value. The value of the financial liabilities broken down in the foregoing table is lower than the balance of the assets securing them - securitised assets retained on the balance sheet - mainly because the Group repurchases a portion of the bonds issued, and in such cases they are not recognised on the liability side of the consolidated balance sheet. b. Other asset - backed securities - including asset-backed securities and notes issued by special-purpose vehicles secured mainly by mortgage loans that do not meet the foregoing requirements and other loans (mainly personal loans with average maturities of five years and loans to SMEs with average maturities of seven years ). 2. Other mortgage securities include mainly: (i) mortgage-backed bonds with average maturities of more than ten years that are secured by a portfolio of mortgage loans and credits (included in secured loans - see Note 10.b) which must: not be classified as of procedural stage; have available appraisals performed by specialised entities; have a loan-to-value (LTV) ratio below 80% in the case of home loans and below 60% for loans for other assets and have sufficient liability insurance, (ii) other debt securities issued as part of the Group’s liquidity strategy in the UK, mainly covered bonds in the UK secured by mortgage loans and other assets. The fair value of the guarantees received by the Group (financial and non-financial assets) which the Group is authorised to sell or pledge even if the owner of the guarantee has not defaulted is scantly material taking into account the Consolidated financial statements as a whole. e) Spanish mortgage-market issues The members of the board of directors hereby state that the Group entities operating in the Spanish mortgage-market issues area have established and implemented specific policies and procedures to cover all activities carried on and guarantee strict compliance with mortgage-market regulations applicable to these activities as provided for in Royal Decree 716/2009, of 24 April implementing certain provisions of Mortgage Market Law 2/1981, of 25 March, and, by application thereof, in Bank of Spain Circulars 7/2010 and 5/2011, and other financial and mortgage system regulations. Also, financial management defines the Group entities' funding strategy. The risk policies applicable to mortgage market transactions envisage maximum loan-to-value (LTV) ratios, and specific policies are also in place adapted to each mortgage product, which occasionally require the application of stricter limits. The Bank’s general policies in this respect require the repayment capacity of each potential customer (the effort ratio in loan approval) to be analysed using specific indicators that must be met. This analysis must determine whether each customer’s income is sufficient to meet the repayments of the loan requested. In addition, the analysis of each customer must include a conclusion on the stability over time of the customer’s income considered with respect to the life of the loan. The aforementioned indicator used to measure the repayment capacity (effort ratio) of each potential customer takes into account mainly the relationship between the potential debt and the income generated, considering on the one hand the monthly repayments of the loan requested and other transactions and, on the other, the monthly salary income and duly supported income. The Group entities have specialised document comparison procedures and tools for verifying customer information and solvency (see Note 54). The Group entities’ procedures envisage that each mortgage originated in the mortgage market must be individually valued by an appraisal company not related to the Group. In accordance with Article 3 of Mortgage Market Law 41/2007, any appraisal company approved by the Bank of Spain may issue valid appraisal reports. However, as permitted by this same article, the Group entities perform several checks and select, from among these companies, a small group with which they enter into cooperation agreements with special conditions and automated control mechanisms. The Group’s internal regulations specify, in detail, each of the internally approved companies, as well as the approval requirements and procedures and the controls established to uphold them. In this connection, the regulations establish the functions of an appraisal company committee on which the various areas of the Group related to these companies are represented. The aim of the committee is to regulate and adapt the internal regulations and the activities of the appraisal companies to the current market and business situation (see Note 2.i). Basically, the companies wishing to cooperate with the Group must have a significant level of activity in the mortgage market in the area in which they operate, they must pass a preliminary screening process based on criteria of independence, technical capacity and solvency -in order to ascertain the continuity of their business- and, lastly, they must pass a series of tests prior to obtaining definitive approval. In order to comply in full with the legislation, any appraisal provided by the customer is reviewed, irrespective of which appraisal company issues it, to check that the requirements, procedures and methods used to prepare it are formally adapted to the valued asset pursuant to current legislation and that the values reported are customary in the market. The information required by Bank of Spain Circulars 7/2010 and 5/2011, by application of Royal Decree 716/2009, of 24 April is as follows: Million euros 2019 2018 2017 Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding securitised bonds) 84,720 85,610 91,094 Of which: Loans eligible to cover issues of mortgage-backed securities 59,517 60,195 59,422 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 14,569 15,807 18,202 Mortgage-backed bonds The mortgage-backed bonds (“cédulas hipotecarias”) issued by the Group entities are securities the principal and interest of which are specifically secured by mortgages, there being no need for registration in the property register, by mortgage on all those that at any time are recorded in favour of the issuer and are not affected by the issuance of mortgage bonds and / or are subject to mortgage participations, and / or mortgage transfer certificates, and, if they exist, by substitution assets eligible to be hedged and for the economic flows generated by derivative financial instruments linked to each issue, and without prejudice to the issuer’s unlimited liability. The mortgage bonds include the credit right of its holder against the issuing entity, guaranteeing in the manner provided for in the previous paragraph, and involve the execution to claim from the issuer the payment after due date. The holders of these securities are recognised as preferred creditors, singularly privileged, with the preference, included in number 3º of article 1,923 of the Spanish Civil Code against any other creditor, in relation with the entire group of loans and mortgage loans registered in favour of the issuer, except those that act as coverage for mortgage bonds and / or are subject to mortgage participations and / or mortgage transfer certificates. In the event of insolvency, the holders of mortgage-backed bonds, as long as they are not considered "persons especially related" to the issuing entity in accordance with the Insolvency Law 22/2003, of 9 July, will enjoy the special privilege established in Article 90.1.1 of the aforementioned law . Without prejudice to the foregoing, in accordance with Article 84.2.7 of the Insolvency Law, during the insolvency proceedings, the payments relating to the repayment of the principal and interest of the bonds issued and outstanding at the date of the insolvency filing will be settled up to the amount of the income received by the insolvent party from the mortgage loans and credits and, where appropriate, from the replacement assets backing the bonds and from the cash flows generated by the financial instruments associated with the issues (Final Provision 19 of the Insolvency Law). If, due to a timing mismatch, the income received by the insolvent party is insufficient to meet the payments described in the preceding paragraph, the insolvency managers must settle them by realising the replacement assets set aside to cover the issue and, if this is not sufficient, they must obtain financing to meet the mandated payments to the holders of the mortgage-backed bonds, and the finance provider must be subrogated to the position of the bond-holders. In the event that the measure indicated in Article 155.3 of the Insolvency Law were to be adopted, the payments to all holders of the mortgage-backed bonds issued would be made on a pro-rata basis, irrespective of the issue dates of the bonds. If the same credit or loan is subject to the payment of bonds and a mortgage bond issue, it will be paid first to the holders of the bonds. The outstanding mortgage-backed bonds issued by the Group totalled EUR 24,736 million at 31 December 2019 (all of which were denominated in euros), of which EUR 24,286 million were issued by Banco Santander, S.A. and EUR 450 million were issued by Santander Consumer Finance, S.A. The issues outstanding at 31 December 2019 and 2018 are detailed in the separate financial statements of each of these companies. Mortgage-backed bond issuers have an early redemption option for the purpose of complying with the limits on the volume of outstanding mortgage-backed bonds stipulated by mortgage market regulations. In addition, the issuing entity may advance the mortgage-backed bonds, if this has been expressly established in the final conditions of the issue in question and under the conditions set out therein. None of the mortgage-backed bonds issued by the Group entities had replacement assets assigned to them. |
Subordinated liabilities
Subordinated liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Subordinated liabilities [abstract] | |
Subordinated liabilities | Subordinated liabilities a) Breakdown The detail, by currency of issue, of Subordinated liabilities in the consolidated balance sheets is as follows: 2019 Million euros Outstanding issue amount in foreign currency (Million euros) Annual interest rate (%) Currency of issue 2019 2018 2017 Euro 12,542 14,001 11,240 12,542 4.15 % US dollar 6,506 7,813 8,008 7,309 5.80 % Pound sterling 655 628 874 557 8.91 % Brazilian real — — 131 Other currencies 1,359 1,378 1,257 Balance at end of year 21,062 23,820 21,510 Of which, preference shares 321 345 404 Of which, preference participations 7,709 9,717 8,369 Note 51 contains a detail of the residual maturity periods of subordinated liabilities at each year-end and of the related average interest rates in each year. b) Changes The changes in Subordinated liabilities (Note 22.a) in the last three years were as follows: Million euros 2019 2018 2017 Balance at beginning of year 23,676 21,382 19,873 Net inclusion of entities in the Group (Note 3) — — 11 Of which: Banco Santander, S.A. (Grupo Banco Popular) — — 11 Placements 1,056 3,266 2,916 Of which: Banco Santander, S.A.* 1,056 2,750 2,894 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México — 281 — Santander Bank Polska S.A. — 235 — Net redemptions and repurchases** (4,009 ) (1,259 ) (870 ) Of which: Banco Santander, S.A.* (3,782 ) (401 ) (453 ) Banco Santander (Brasil) S.A. (124 ) (61 ) — Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (69 ) (125 ) — Santander Bank, National Association (19 ) (163 ) (285 ) Santander UK plc (16 ) (313 ) (60 ) Santander Holdings USA, Inc. — (195 ) (72 ) Exchange differences and other movements 155 287 (548 ) Balance at end of year 20,878 23,676 21,382 * As of 31 December 2017 , issuer entities were included. ** The balance relating to issuances, redemptions and repurchases (EUR 2,953 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,091 million), is included in the cash flow from financing activities. c) Other disclosures This item includes the c ontingently convertible or redeemable preference shares (participaciones preferentes) and other financial instruments issued by the consolidated companies which do not meet the requirements for classification as equity (preference shares). The preference shares do not carry any voting rights and are non-cumulative. They were subscribed to by non-Group third parties and, except for the placements of Santander UK plc referred to below, are redeemable at the discretion of the issuer, based on the terms and conditions of each issue. The Bank's contingent convertible preference shares are subordinated payment obligations and rank, for credit priority purposes, behind common creditors and any other subordinated creditors that by law and/or by their terms, to the extent permitted by Spanish law, rank higher than the contingent convertible preference shares . The remuneration of these securities, which have no voting rights, is conditional upon the obtainment of sufficient distributable profit and upon the limits imposed by regulations on equity. The other issues of Banco Santander, S.A. mentioned under this heading are also subordinated payment obligations and, therefore, for the purposes of payment priority, they are junior to all general creditors of the issuers and ahead of any other subordinated claims ranking equally with the Bank's contingent convertible preference shares. The main issues of subordinated debt securities issued, broken down by company, are detailed below: Banco Santander, S.A. Placements On 5 March, 8 May and 2 September 2014, three placements of preference shares contingently convertible into newly issued ordinary shares of the bank where launched (“CCPS”) for a nominal amount of EUR 1,500 million , USD 1,500 million and EUR 1,500 million , respectively, payment of which is subject to certain conditions and is discretionary. The remuneration of the placements, was set at 6.25% per annum for the first five years (to be repriced thereafter by applying a 541 basis-point spread to the 5-year Mid-Swap Rate ) for the March issue, at 6.375% per annum for the first five years (to be repriced thereafter by applying a 478.8 basis-point spread to the 5-year Mid-Swap Rate ) for the May issue, and at 6.25% per annum for the first seven years (to be repriced every five years thereafter by applying a 564 basis-point spread to the 5-year Mid-Swap Rate ) for the September issue. In April 2019, the voluntary early redemption of all the preferred participations was announced in relation to the second placement made on 8 May 2014 for an amount of EUR 1,345 million at the date of the redemption. On 8 February 2018, Banco Santander, S.A. carried out an issuance of “CCPS" for a nominal amount of USD 1,200 million (EUR 1,056 million ). The remuneration of the placement, whose payment is subject to certain conditions and is also discretionary, was set at 7.50% per annum, payable quarterly, for the first seven years (being revised thereafter by applying a 498.9 basis-point spread over the Mid-swap rate). On 19 March 2018, a placement of "CCPS" was carried out, for a nominal amount of EUR 1,500 million . The remuneration of the placement, whose payment is subject to certain conditions and is also discretionary, was fixed at an annual 4.75% , payable quarterly, for the first seven years (being revised thereafter applying a margin of 410 basis points over the type Mid-swap). On 8 February 2018, a placement of subordinated obligations for a term of ten years was carried out, amounting to EUR 1,250 million . The placement accrues an annual interest of 2.125% payable annually. On 25 April and 29 September 2017, Banco Santander, S.A. issued “CCPS” for a nominal amount of EUR 750 million , and EUR 1,000 million , respectively. The remuneration of the "CCPS", whose payment is subject to certain conditions and is also discretionary, was fixed at 6.75% annually for the first five years (being reviewed thereafter by applying a margin of 680.3 basis points over the 5-year Mid-Swap Rate) for the issue paid out in April, and at 5.25% annually for the first six years (reviewed thereafter by applying a margin of 499.9 basis points over the 5-year Mid-Swap Rate ) for the issue paid out in September. Banco Santander (Brasil) S.A. Placements On 29 January 2014 Banco Santander (Brasil), S.A. launched a placement of Tier 1 perpetual subordinated notes for a nominal amount of USD 1,248 million , of which the Group has acquired 89.6% . The notes are perpetual and would convert into ordinary shares of Banco Santander (Brasil) S.A. if the common equity Tier 1 ratio, calculated as established by the Central Bank of Brazil, were to fall below 5.125% . This placement was fully redeemed in 2019. Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México Placements On 1 October 2018 a ten-year subordinated bond placement was carried out, for a nominal amount of USD 1,300 million at an interest rate of 5.95% , acquiring the Group the 75% of the issue. Furthermore, on 30 December 2016, a placement of perpetual subordinated notes was carried out, for a nominal amount of USD 500 million , acquiring the Group the 88.2% . Perpetual obligations are automatically converted into shares when the Regulatory Capital Index (CET 1 ) is equal to or less than 5.125% at the conversion price. Santander Bank Polska S.A. Placements On 20 April 2018, Santander Bank Polska S.A. carried out an issue of subordinated obligations for a term of ten years and with an option to amortize the fifth anniversary of the issue date, for an amount of EUR 1,000 million Polish zlotys. The issue accrues a floating interest of Wibor (6M) + 160 basic points payable semiannually. The accrued interests from the subordinated liabilities during 2019 amounted to EUR 645 million (EUR 770 million and EUR 966 million during 2018 and 2017 , respectively). Interests from the “CCPS” during 2019 amounted to EUR 595 million (EUR 560 million and EUR 395 million in 2018 and 2017 , respectively). |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Other Financial Liabilities [Abstract] | |
Other financial liabilities | Other financial liabilities The detail of Other financial liabilities in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Trade payables 1,279 1,323 1,559 Clearing houses 165 434 767 Tax collection accounts: Public Institutions 4,122 3,968 3,212 Factoring accounts payable 409 263 290 Unsettled financial transactions 3,693 3,373 6,375 Lease liabilities (Note 2.l) 5,108 190 202 Other financial liabilities 15,459 15,113 16,023 30,235 24,664 28,428 Note 51 contains a detail of the residual maturity periods of other financial liabilities at each year-end. Lease liabilities The total cash outflow of leases in 2019 was EUR 946 million. The analysis of the maturities of lease liabilities as of 31 December 2019 is shown below: Million euros 2019 Maturity Analysis - Discounted payments Within 1 year 766 Between 1 and 3 years 1,254 Between 3 and 5 years 875 Later than 5 years 2,213 Total Discounted payments at 31 December 2019 5,108 During 2019, there were no significant variable lease payments not included in the valuation of lease liabilities. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of provision matrix [abstract] | |
Provisions | Provisions a) Breakdown The detail of Provisions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Provision for pensions and other obligations post-employments 6,358 5,558 6,345 Other long term employee benefits 1,382 1,239 1,686 Provisions for taxes and other legal contingencies 3,057 3,174 3,181 Provisions for contingent liabilities and commitments (Note 2) 739 779 617 Other provisions 2,451 2,475 2,660 Provisions 13,987 13,225 14,489 b) Changes The changes in Provisions in the last three years were as follows: Million euros 2019 2018 2017 Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments Other provisions Total Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments* Other provisions Total Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments Other provisions Total Balances at beginning of year 5,558 1,239 779 5,649 13,225 6,345 1,686 814 5,841 14,686 6,576 1,712 459 5,712 14,459 Incorporation of Group companies, net — (1 ) — — (1 ) — — — (30 ) (30 ) 59 184 146 1,365 1,754 Additions charged to income: 173 729 (31 ) 2,836 3,707 38 251 (49 ) 2,253 2,493 237 293 (49 ) 2,863 3,344 Interest expense (Note 39) 128 17 — — 145 165 21 — — 186 175 23 — — 198 Staff costs (Note 47) 65 7 — — 72 78 6 — — 84 82 6 — — 88 Provisions or reversion of provisions (20 ) 705 (31 ) 2,836 3,490 (205 ) 224 (49 ) 2,253 2,223 (20 ) 264 (49 ) 2,863 3,058 Addition 10 713 422 4,276 5,421 7 227 455 4,612 5,301 2 264 606 3,855 4,727 Release (30 ) (8 ) (453 ) (1,440 ) (1,931 ) (212 ) (3 ) (504 ) (2,359 ) (3,078 ) (22 ) — (655 ) (992 ) (1,669 ) Other additions arising from insurance contracts linked to pensions 4 — — — 4 (7 ) — — — (7 ) (7 ) — — — (7 ) Changes in value recognised in equity 1,520 — — — 1,520 (482 ) — — — (482 ) 369 — — — 369 Payments to pensioners and pre-retirees with a charge to internal provisions (331 ) (612 ) — — (943 ) (332 ) (625 ) — — (957 ) (355 ) (498 ) — — (853 ) Benefits paid due to settlements — — — — — — — — — — (260 ) — — — (260 ) Insurance premiums paid (1 ) — — — (1 ) (2 ) — — — (2 ) — — — — — Payments to external funds (455 ) — — — (455 ) (368 ) — — — (368 ) (273 ) — — — (273 ) Amounts used — — — (2,907 ) (2,907 ) — — (3 ) (2,548 ) (2,551 ) — — (3 ) (2,997 ) (3,000 ) Transfer, exchange differences and other changes (110 ) 27 (9 ) (70 ) (162 ) 366 (73 ) 17 133 443 (1 ) (5 ) 64 (1,102 ) (1,044 ) Balances at end of year 6,358 1,382 739 5,508 13,987 5,558 1,239 779 5,649 13,225 6,345 1,686 617 5,841 14,489 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). c) Provision for pensions and other obligations post –employments and Other long term employee benefits The detail of Provisions for pensions and similar obligations is as follows: Million euros 2019 2018 2017 Provisions for post-employment plans - Spanish entities 3,951 3,930 4,274 Provisions for other similar obligations - Spanish entities 1,321 1,189 1,643 Of which: pre-retirements 1,303 1,172 1,630 Provisions for post-employment plans - United Kingdom 329 130 323 Provisions for post-employment plans - Other subsidiaries 2,078 1,498 1,748 Provisions for other similar obligations - Other subsidiaries 61 50 43 Provision for pensions and other obligations post -employments and Other long term employee benefits 7,740 6,797 8,031 Of which: defined benefits 7,731 6,791 8,026 i. Spanish entities - Post-employment plans and other similar obligations At 31 December 2019 , 2018 and 2017 , the Spanish entities had post-employment benefit obligations under defined contribution and defined benefit plans. In addition, in various years some of the consolidated entities offered certain of their employees the possibility of taking pre-retirement and, therefore, provisions are recognised each year for the obligations to employees taking pre-retirement -in terms of salaries and other employee benefit costs- from the date of their pre-retirement to the agreed end date. In 2019 , 3,571 employees benefited from the pre-retirement and incentivised retirement plan, being the provision set up to cover these commitments of EUR 688 million . In 2018 and 2017 the provisions accounted for benefit plans and contribution commitments were EUR 209 and 248 million respectively. In October 2017, the Bank and the workers’ representatives reached an agreement for the elimination and compensation of certain passive rights arising from extra-covenant improvement agreements. The effect of the settlement of the mentioned commitments is shown in the tables included below in the "benefit paid for settlement" line. The expenses incurred by the Spanish companies in 2019 , 2018 and 2017 in respect of contributions to defined contribution plans amounted to EUR 89 million, EUR 87 million and EUR 90 million, respectively. The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques: 1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately. 2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Annual discount rate 0.80 % 1.55 % 1.40% and 1.38% B. Popular 0.80 % 1.55 % 1.40 % Mortality tables PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 Cumulative annual CPI growth 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % Annual salary increase rate 1.25%* 2.00%* B. Popular 1.75% in 2018 and Rest B. Santander 1.25% N/A N/A N/A Annual social security pension increase rate 1.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % From 0% to 1.50% From 0% to 1.50% * Corresponds to the Group’s defined-benefit obligations. The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in euros) with terms consistent with those of the obligations. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2019 , if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the post-employment obligations of 5.50% (-50 b.p) to -5.02% (+50 b.p.),respectively, and an increase or decrease in the present value of the long-term obligations of 1.14% (-50 b.p.) to -1.11% (+50 b.p.), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets and insurance contracts linked to pensions. 3. The estimated retirement age of each employee is the first at which the employee is entitled to retire or the agreed-upon age, as appropriate. The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions: Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Expected rate of return on plan assets 0.80 % 1.55 % 1.40 % 0.80 % 1.55 % 1.40 % Expected rate of return on reimbursement rights 0.80 % 1.55 % 1.40 % N/A N/A N/A The funding status of the defined benefit obligations in 2019 and the four preceding years is as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2016 2015 2019 2018 2017 2016 2015 Present value of the obligations: To current employees 59 60 138 50 48 — — — — — Vested obligations to retired employees 5,393 5,332 5,662 4,423 4,551 — — — — — To pre-retirees employees — — — — — 1,317 1,187 1,647 1,644 1,801 Long-service bonuses and other benefits — — — — — 18 17 13 13 12 Other 42 35 112 383 380 — — — — — 5,494 5,427 5,912 4,856 4,979 1,335 1,204 1,660 1,657 1,813 Less - Fair value of plan assets 1,547 1,500 1,640 157 157 14 15 17 — — Provisions - Provisions for pensions 3,947 3,927 4,272 4,699 4,822 1,321 1,189 1,643 1,657 1,813 Of which: Internal provisions for pensions 3,759 3,720 4,036 4,432 4,524 1,321 1,189 1,642 1,657 1,813 Insurance contracts linked to pensions (Note 14) 192 210 238 269 299 — — 1 — — Unrecognised net assets for pensions (4 ) (3 ) (2 ) (2 ) (1 ) — — — — — The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Current service cost 12 18 16 1 1 1 Interest cost (net) 53 73 79 15 18 21 Expected return on insurance contracts linked to pensions (2 ) (4 ) (4 ) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — 7 7 13 Past service cost 3 3 — 1 5 — Pre-retirement cost 1 1 — 687 208 248 Other (29 ) (4 ) (2 ) (2 ) — — 38 87 89 709 239 283 In addition, in 2019 Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans has increased by EUR 278 million with respect to defined benefit obligations (decrease of EUR 65 million and increase of EUR 41 million in 2018 and 2017 , respectively). The changes in the present value of the accrued defined benefit obligations were as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Present value of the obligations at beginning of year 5,427 5,912 4,856 1,204 1,660 1,657 Incorporation of Group companies, net — (36 ) 1,563 (1 ) — 202 Current service cost 12 18 16 1 1 1 Interest cost 72 99 94 15 18 21 Pre-retirement cost 1 1 — 687 208 248 Effect of curtailment/settlement (29 ) (4 ) (2 ) (2 ) — — Benefits paid (400 ) (423 ) (388 ) (599 ) (617 ) (490 ) Benefits paid due to settlements — — (260 ) — — — Past service cost 3 3 — 1 5 — Actuarial (gains)/losses 407 (145 ) 57 7 6 13 Demographic actuarial (gains)/losses 15 (21 ) (7 ) (9 ) (3 ) 10 Financial actuarial (gains)/losses 392 (124 ) 64 16 9 3 Exchange differences and other items 1 2 (24 ) 22 (77 ) 8 Present value of the obligations at end of year 5,494 5,427 5,912 1,335 1,204 1,660 The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows: Plan Assets Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Fair value of plan assets at beginning of year 1,500 1,640 157 15 17 — Incorporation of Group companies, net — — 1,507 — — 18 Expected return on plan assets 19 26 15 — — — Benefits paid (108 ) (115 ) (58 ) (2 ) (2 ) (1 ) Contributions/(surrenders) 8 21 3 — — — Actuarial gains/(losses) 128 (73 ) 24 — (1 ) — Exchange differences and other items — 1 (8 ) 1 1 — Fair value of plan assets at end of year 1,547 1,500 1,640 14 15 17 Insurance Contracts linked to pensions Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Fair value of insurance contracts linked to pensions at beginning of year 210 238 269 — 1 — Incorporation of Group companies, net — — — — — 2 Expected return on insurance contracts linked to pensions 2 4 4 — — — Benefits paid (24 ) (27 ) (29 ) — (1 ) (1 ) Paid premiums — 2 1 — — — Actuarial gains/(losses) 4 (7 ) (7 ) — — — Fair value of insurance contracts linked to pensions at end of year 192 210 238 — — 1 In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group has not made material current contributions in Spain in 2019 to fund its defined-benefit pension obligations. The plan assets and the insurance contracts linked to pensions are instrumented mainly through insurance policies. The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 836 2021 638 2022 569 2023 491 2024 421 2025 to 2029 1,560 ii. United Kingdom At the end of each of the last three years, the businesses in the United Kingdom had post-employment benefit obligations under defined contribution and defined benefit plans. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 93 million in 2019 ( 2018 : EUR 93 million; 2017 : EUR 82 million). The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques: 1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately. 2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: 2019 2018 2017 Annual discount rate 2.11 % 2.90 % 2.49 % Mortality tables "S3 Middle" tables weighted at 84% CMI_2018 projection with initial addition 0.15%, smoothing parameter 7 and 1.25% improvements 108/86 S2 Light 108/86 S2 Light Cumulative annual CPI growth 3.01 % 3.22 % 3.15 % Annual salary increase rate 1.00 % 1.00 % 1.00 % Annual pension increase rate 2.91 % 2.94 % 2.94 % The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in pounds sterling) that coincide with the terms of the obligations. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2019 , if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 10.27% (-50 b.p.) and -9.08% (+50 b.p.), respectively.If the inflation assumption had been increased or decreased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 6.85% (+50 b.p.) and -6.80% (-50 b.p.), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets. The funding status of the defined benefit obligations in 2019 and the four preceding years is as follows: Million euros 2019 2018 2017 2016 2015 Present value of the obligations 14,297 12,079 13,056 12,955 12,271 Less- Fair value of plan assets 14,755 12,887 13,239 13,118 12,880 Provisions - Provisions for pensions (458 ) (808 ) (183 ) (163 ) (609 ) Of which: Internal provisions for pensions 329 130 323 306 150 Net assets for pensions (787 ) (938 ) (506 ) (469 ) (759 ) The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: Million euros 2019 2018 2017 Current service cost 27 31 36 Interest cost (net) (24 ) (6 ) (6 ) 3 25 30 In addition, in 2019 Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans increase by EUR 601 million with respect to defined benefit obligations ( 2018 : decrease of EUR 481 million; 2017 : increase of EUR 121 million). The changes in the present value of the accrued defined benefit obligations were as follows: Million euros 2019 2018 2017 Present value of the obligations at beginning of year 12,079 13,056 12,955 Current service cost 27 31 36 Interest cost 352 320 347 Benefits paid (441 ) (489 ) (445 ) Contributions made by employees 18 24 20 Past service cost — — — Actuarial (gains)/losses 1,594 (766 ) 602 Demographic actuarial (gains)/losses 48 (21 ) (184 ) Financial actuarial (gains)/losses 1,546 (745 ) 786 Exchange differences and other items 668 (97 ) (459 ) Present value of the obligations at end of year 14,297 12,079 13,056 The changes in the fair value of the plan assets were as follows: Mllion euros 2019 2018 2017 Fair value of plan assets at beginning of year 12,887 13,239 13,118 Expected return on plan assets 376 326 353 Benefits paid (441 ) (489 ) (445 ) Contributions 244 209 208 Actuarial gains/(losses) 993 (285 ) 481 Exchange differences and other items 696 (113 ) (476 ) Fair value of plan assets at end of year 14,755 12,887 13,239 In 2020 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2019 . The main categories of plan assets as a percentage of total plan assets are as follows: 2019 2018 2017 Equity instruments 12 % 17 % 20 % Debt instruments 46 % 50 % 46 % Properties 11 % 10 % 13 % Other 31 % 23 % 21 % The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 391 2021 362 2022 388 2023 403 2024 428 2025 to 2029 2,450 iii. Other foreign subsidiaries Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits. At 31 December 2019 , 2018 and 2017 , these entities had defined-contribution and defined-benefit post-employment benefit obligations. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 110 million in 2019 ( 2018 : EUR 107 million; 2017 : EUR 99 million). The actuarial assumptions used by these entities (discount rates, mortality tables and cumulative annual CPI growth) are consistent with the economic and social conditions prevailing in the countries in which they are located. Specifically, the discount rate used for the flows was determined by reference to high-quality corporate bonds, except in the case of Brazil where there is no extensive corporate bond market and, accordingly the discount rate was determined by reference to the series B bonds issued by the Brazilian National Treasury Secretariat for a term coinciding with that of the obligations. In Brazil the discount rate used was between 7.05% and 7.22% , the CPI 3.50% and the mortality table the AT2000 . Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2019 , if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 6.19% and -5.58% , respectively.These changes would be offset in part by increases or decreases in the fair value of the assets. The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2019 and the four preceding years is as follows: Million euros 2019 Of which business in Brazil 2018 2017 2016 2015 Present value of the obligations 10,717 7,774 9,116 9,534 9,876 8,337 Less- Of which: with a charge to the participants 176 176 167 193 153 133 Fair value of plan assets 8,826 6,875 7,743 7,927 8,445 7,008 Provisions - Provisions for pensions 1,715 723 1,206 1,414 1,278 1,196 Of which: Internal provisions for pensions 2,129 1,098 1,541 1,787 1,613 1,478 Net assets for pensions (116 ) (77 ) (77 ) (98 ) (52 ) (28 ) Unrecognised net assets for pensions (298 ) (298 ) (258 ) (275 ) (283 ) (254 ) The amounts recognised in the consolidated income statements in relation to these obligations are as follows: Million euros 2019 2018 2017 Current service cost 32 34 35 Interest cost (net) 101 101 104 Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year 12 5 1 Past service cost 6 3 3 Pre-retirement cost — (6 ) — Other (1 ) (203 ) (19 ) 150 (66 ) 124 In addition, in 2019 Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans increase by EUR 641 million with respect to defined benefit obligations (increased EUR 64 million and increased EUR 207 million in 2018 and 2017 , respectively). In June 2018, the Group in Brazil reached an agreement with the labour unions to modify the scheme of contributions to certain health benefits, which implied a reduction in commitments amounting to EUR 186 million, shown in the following tables under the heading "Effect to curtailment/settlement". The changes in the present value of the accrued obligations were as follows: Million euros 2019 2018 2017 Present value of the obligations at beginning of year 9,116 9,534 9,876 Incorporation of Group companies, net — 36 165 Current service cost 32 34 35 Interest cost 651 646 807 Pre-retirement cost — (6 ) — Effect of curtailment/settlement (1 ) (199 ) (19 ) Benefits paid (666 ) (634 ) (716 ) Benefits paid due to settlements — — (24 ) Contributions made by employees 5 5 6 Past service cost 6 3 3 Actuarial (gains)/losses 1,652 390 404 Demographic actuarial (gains)/losses 3 (59 ) (140 ) Financial actuarial (gains)/losses 1,649 449 544 Exchange differences and other items (78 ) (693 ) (1,003 ) Present value of the obligations 10,717 9,116 9,534 The changes in the fair value of the plan assets were as follows: Million euros 2019 2018 2017 Fair value of plan assets at beginning of year 7,743 7,927 8,445 Incorporation of Group companies, net — — 166 Expected return on plan assets 573 573 732 Benefits paid (613 ) (602 ) (683 ) Benefits paid due to settlements — — (24 ) Contributions 214 199 94 Actuarial gains/(losses) 1,021 308 203 Exchange differences and other items (112 ) (662 ) (1,006 ) Fair value of plan assets at end of year 8,826 7,743 7,927 In 2020 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2019 . The main categories of plan assets as a percentage of total plan assets are as follows: 2019 2018 2017 Equity instruments 8 % 7 % 6 % Debt instruments 84 % 83 % 84 % Properties 1 % 1 % 3 % Other 7 % 9 % 7 % The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 609 2021 615 2022 629 2023 641 2024 655 2025 to 2029 3,418 d) Provisions for taxes and other legal contingencies and Other provisions Provisions - Provisions for taxes and other legal contingencies and Provisions - Other provisions, which include, inter alia, provisions for restructuring costs and tax-related and non-tax-related proceedings, were estimated using prudent calculation procedures in keeping with the uncertainty inherent to the obligations covered. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, these obligations have no fixed settlement period and, in other cases, depend on the legal proceedings in progress. The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows: Million euros 2019 2018 2017 Recognised by Spanish companies 1,381 1,647 1,666 Recognised by other EU companies 1,100 1,044 1,127 Recognised by other companies 3,027 2,958 3,048 Of which: Brazil 2,484 2,496 2,504 5,508 5,649 5,841 Set forth below is the detail, by type of provision, of the balance at 31 December 2019 , 2018 and 2017 of Provisions for taxes and other legal contingencies and Other provisions. The types of provision were determined by grouping together items of a similar nature: Million euros 2019 2018 2017 Provisions for taxes 759 864 1,006 Provisions for employment-related proceedings (Brazil) 776 859 868 Provisions for other legal proceedings 1,522 1,451 1,307 Provision for customer remediation 725 652 885 Regulatory framework-related provisions 67 105 101 Provision for restructuring 641 492 360 Other 1,018 1,226 1,314 5,508 5,649 5,841 Relevant information is set forth below in relation to each type of provision shown in the preceding table: The provisions for taxes include provisions for tax-related proceedings. The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor’s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do not fall within these categories, a case-by-case assessment is performed and the amount of the provision is calculated in accordance with the status of each proceeding and the risk assessment carried out by the legal advisers. The provisions for other legal proceedings include provisions for court, arbitration or administrative proceedings (other than those included in other categories or types of provisions disclosed separately) brought against Santander Group companies. The provisions for customer remediation include mainly the estimated cost of payments to remedy errors relating to the sale of certain products in the UK and the estimated amount related to the floor clauses of Banco Popular Español, S.A.U. To calculate the provision for customer remediation, the best estimate of the provision made by management is used, which is based on the estimated number of claims to be received and, of these, the number that will be accepted, as well as the estimated average payment per case. The regulatory framework-related provisions include mainly the provisions relating to the FSCS (Financial Services Compensation Scheme), the Bank Levy in the UK and in Poland the provision related to the Banking Tax. The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies. Qualitative information on the main litigation is provided in Note 25.e to the consolidated financial statements. Our general policy is to record provisions for tax and legal proceedings in which we assess the chances of loss to be probable and we do not record provisions when the chances of loss are possible or remote. We determine the amounts to be provided for as our best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, the obligations do not have a fixed settlement term and, in others, they depend on legal proceedings in progress. The main movements during the 2019 of the breakdown provisions are shown below: Regarding the provisions for labour processes and others of a legal nature, Brazil has provided EUR 291 and 183 million respectively, with payments of EUR 394 and 229 million , respectively. Regarding the provisions arising for customer remediation, EUR 192 million provisions in United Kingdom and EUR 59 million provisions in Puerto Rico for customer compensation have been allocated, partially offset with EUR 175 million provisions in United Kingdom and EUR 41 million provisions in Puerto Rico used, and Banco Popular, S.A.U., which an amount of EUR 47 million has been used in the period from floor clauses. Regarding the provisions constituted by regulatory framework, EUR 99 million have been charged and EUR 103 million have been used in United Kingdom (Bank Levy and FSCS). In addition, EUR 123 have been provisioned in Poland. Regarding the provisions for restructuring process, EUR 271 million have been provisioned in Spain, EUR 186 million have been provisioned in United Kigdom, EUR 166 million have been provisioned in Brazil and EUR 63 million have been provisioned in in Poland. This increase was partially offset by the use of EUR 165 million in Spain, EUR 139 million in United Kingdom, EUR 40 million in Brazil and EUR 58 million in Poland. e) Litigation and other matters i. Tax-related litigation At 31 December 2019 the main tax-related proceedings concerning the Group were as follows: • Legal actions filed by Banco Santander (Brasil) S.A. and other Group entities to avoid the application of Law 9.718/98, which modifies the basis to calculate PIS and COFINS social contribution, extending it to all the entities income, and not only to the income from the provision of services. In relation of Banco Santander (Brasil) S.A. process, in May 2015 the Federal Supreme Court (FSC) admitted the extraordinary appeal filed by the Federal Union regarding PIS, and dismissed the extraordinary appeal lodged by the Brazilian Public Prosecutor's Office regarding COFINS contribution, confirming the decision of Federal Regional Court favourable to Banco Santander (Brasil) S.A. of August 2007. The appeals filed by the other entities before the Federal Supreme Court, both for PIS and COFINS, are still pending. These claims are fully provisioned. • Banco Santander (Brasil) S.A. and other Group companies in Brazil have appealed against the assessments issued by the Brazilian tax authorities questioning the deduction of loan losses in their income tax returns (IRPJ and CSLL) in relation to different administrative processes of various years on the ground that the requirements under the applicable legislation were not met. The appeals are pending decision in CARF. No provision was recognised in connection with the amount considered to be a contingent liability. • Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against several municipalities that demand payment of the Service Tax on certain items of income from transactions not classified as provisions of services. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. • Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against the tax authorities in connection with the taxation for social security purposes of certain items which are not considered to be employee remuneration. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. • In May 2003 the Brazilian tax authorities issued separate infringement notices against Santander Distribuidora de Títulos e Valores Mobiliarios Ltda. (DTVM, currently Santander Brasil Tecnologia S.A.) and Banco Santander (Brasil) S.A. in relation to the Provisional Tax on Financial Movements (CPMF) of the years 2000, 2001 and part of 2002. In July 2015, after the unfavourable decision of CARF, both entities appealed at Federal Justice in a single proceeding. In June 2019 this action has been dismissed, and the resolution has been appealed to the higher court. There is a provision recognised for the estimated loss. • In December 2010 the Brazilian tax authorities issued an infringement notice against Santander Seguros S.A. (Brazil), currently Zurich Santander Brasil Seguros e Previdência S.A., as the successor by merger to ABN AMRO Brasil dois Participações S.A., in relation to income tax (IRPJ and CSLL) for 2005, questioning the tax treatment applied to a sale of shares of Real Seguros, S.A. Actually it is appealed before the CARF. As the former parent of Santander Seguros S.A. (Brasil), Banco Santander (Brasil) S.A. is liable in the event of any adverse outcome of this proceeding. No provision was recognised in connection with this proceeding as it is considered to be a contingent liability. • In November 2014 the Brazilian tax authorities issued an infringement notice against Banco Santander (Brasil) S.A. in relation to corporate income tax (IRPJ and CSLL) for 2009 questioning the tax-deductibility of the amortisation of the goodwill of Banco ABN AMRO Real S.A. performed prior to the absorption of this bank by Banco Santander (Brasil) S.A., but accepting the amortisation performed after the merger. Actually, it is appealed before the Higher Chamber of CARF. No provision was recognised in connection with this proceeding as it was considered to be a contingent liability. • Banco Santander (Brasil) S.A. has also appealed against infringement notices issued by the tax authorities questioning the tax deductibility of the amortisation of the goodwill arising on the acquisition of Banco Comercial e de Investimento Sudameris S.A from years 2007 to 2012. No provision was recognised in connection with this matter as it was considered to be a contingent liability. • Banco Santander (Brazil) |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Miscellaneous liabilities [abstract] | |
Other liabilities | Other liabilities The detail of Other liabilities in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Transactions in transit 663 803 811 Accrued expenses and deferred income 6,909 6,621 6,790 Other 5,220 5,664 4,990 12,792 13,088 12,591 |
Tax matters
Tax matters | 12 Months Ended |
Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |
Tax matters | Tax matters a) Consolidated Tax Group Pursuant to current legislation, the Consolidated Tax Group includes Banco Santander, S.A. (as the parent) and the Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the consolidated profits of corporate groups (as the controlled entities). The other Group companies file income tax return in accordance with the tax regulations applicable to them. b) Years open for review by the tax authorities In 2018 the conformity and non-conformity acts relating to the Corporate Income Tax financial years 2009 to 2011 were formalised. The adjustments signed in conformity had no significant impact on results and, in relation to the concepts signed in disconformity both in this year and in previous years (Corporate Income Tax 2003 to 2007), that have been appealed, Banco Santander, S.A., as the Parent of the Consolidated Tax Group, considers, in accordance with the advice of its external lawyers, that the adjustments made should not have a significant impact on the consolidated financial statements, and there are sound arguments as proof in the appeals filed against them. Consequently, no provision has been recorded for this concept. Following the completion of these actions for 2009 to 2011, subsequent years up to and including 2019 are subject to review. At the date of approval of these accounts, the Corporate Income Tax proceedings for periods not yet prescribed up to and including 2015, and the proceedings relate to other taxes up to and including 2016 are on going. Likewise, relating the Consolidated Tax Group of which Banco Popular Español S.A.U. was the parent, in 2018 a certificate of conformity was drawn up in a partial proceeding, confirming the 2016 Corporate Income Tax return. During 2019, a certificate of disconformity has been drawn up for 2017 Corporate Income Tax, with no impact on profit, and the final assessment has been appealed. In relation to this Consolidated Tax Group, the years 2010 to 2017 inclusive are subject to review. The other entities have the corresponding years open for review, pursuant to their respective tax regulations. Because of the possible different interpretations which can be made of the tax regulations, the outcome of the tax audits of the years reviewed and of the open years might give rise to contingent tax liabilities which cannot be objectively quantified. However, the Group’s tax advisers consider that it is unlikely that such tax liabilities will arise, and that in any event the tax charge arising therefrom would not materially affect the Group’s consolidated financial statements. c) Reconciliation The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows: Million euros 2019 2018 2017 Consolidated profit (loss) before tax: From continuing operations 12,543 14,201 12,091 From discontinued operations — — — 12,543 14,201 12,091 Income tax at tax rate applicable in Spain (30%) 3,763 4,260 3,628 By the effect of application of the various tax rates applicable in each country* 243 509 539 Of which: Brazil 502 719 656 United Kingdom (80 ) (99 ) (78 ) United States (71 ) (57 ) 68 Chile (35 ) (35 ) (48 ) Effect of profit or loss of associates and joint ventures (97 ) (221 ) (211 ) Effect of deduction of goodwill in Brazil — — (164 ) Effect of reassessment of deferred taxes (612 ) — (282 ) Permanent differences** 1,130 338 374 Current income tax 4,427 4,886 3,884 Effective tax rate 35.29 % 34.40 % 32.12 % Of which: Continuing operations 4,427 4,886 3,884 Discontinued operations (Note 37) — — — Of which: Current taxes 3,962 4,763 3,777 Deferred taxes 465 123 107 Income tax (receipts)/payments 2,593 3,342 4,137 * Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction. ** Including the impairment of goodwill in Santander UK in 2019 and the recognition of tax credits in Portugal in 2018. d) Tax recognised in equity In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2019 , 2018 and 2017 : Million euros 2019 2018* 2017 Other comprehensive income Items not reclassified to profit or loss 500 (225 ) 60 Actuarial gains or (-) losses on defined benefit pension plans 499 (199 ) 60 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (42 ) — Financial liabilities at fair value with changes in results attributable to changes in credit risk 43 (26 ) Items that may be reclassified to profit or loss (832 ) 124 — Cash flow hedges (17 ) (50 ) 108 Changes in the fair value of debt instruments through other comprehensive income (811 ) 167 Financial assets available for sale (97 ) Debt instruments (366 ) Equity instruments 269 Other recognised income and expense of investments in subsidiaries, joint ventures and associates (4 ) 7 (11 ) Total (332 ) (101 ) 60 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). e) Deferred taxes Tax assets in the consolidated balance sheets includes debit balances with the Public Treasury relating to deferred tax assets. Tax liabilities includes the liability for the Group’s various deferred tax liabilities. On 26 June, 2013, the Basel III legal framework was included in European law through Directive 2013/36 (CRD IV) and Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), directly applicable in every member state as from 1 January 2014, albeit with a gradual timetable with respect to the application of, and compliance with, various requirements. This legislation establishes that deferred tax assets, the use of which relies on future profits being obtained, must be deducted from regulatory capital. In this regard, pursuant to Basel III, in recent years several countries have amended their tax regimes with respect to certain deferred tax assets so that they may continue to be considered regulatory capital since their use does not rely on the future profits of the entities that generate them (referred to hereinafter as “monetizable tax assets”). Italy had a very similar regime to that described above, which was introduced by Decree-Law no. 225, of 29 December 2010, and amended by Law no. 10, of 26 February 2011. In addition, in 2013 in Brazil, by means of Provisional Measure no. 608, of 28 February 2013 and, in Spain, through Royal Decree-Law 14/2013, of 29 November confirmed by Law 27/2014, of 27 November tax regimes were established whereby certain deferred tax assets (arising from provisions to allowances for loan losses in Brazil and provisions to allowances for loan losses, provisions to allowances for foreclosed assets and provisions for pension and pre-retirement obligations in Spain) may be converted into tax receivables in specific circumstances. As a result, their use does not rely on the entities obtaining future profits and, accordingly, they are exempt from deduction from regulatory capital. In 2015 Spain completed its regulations on monetizable tax assets with the introduction of a financial contribution which will involve the payment of 1.5% for maintaining the right to monetise which will be applied to the portion of the deferred tax assets that qualify under the legal requirements as monetizable assets generated prior to 2016. In a similar manner, Italy, by decree of 3 May 2016 has introduced a fee of 1.5% annually to maintain the monetizable of part of the deferred tax assets. The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Monetizable* ** Other Monetizable* ** Other Monetizable* ** Other Tax assets: 11,233 11,525 10,866 12,392 11,046 12,164 Tax losses and tax credits — 3,428 — 4,276 — 4,457 Temporary differences 11,233 8,097 10,866 8,116 11,046 7,707 Of which: Non-deductible provisions — 2,751 — 2,613 — 2,336 Valuation of financial instruments — 400 — 609 — 530 Loan losses 7,645 1,086 7,279 1,308 7,461 1,159 Pensions 3,587 1,009 3,587 632 3,585 723 Valuation of tangible and intangible assets — 1,317 — 1,215 — 1,077 Tax liabilities: — 6,522 — 5,568 — 4,837 Temporary differences — 6,522 — 5,568 — 4,837 Of which: Valuation of financial instruments — 2,073 — 1,168 — 1,207 Valuation of tangible and intangible assets — 1,962 — 1,503 — 1,256 Investments in Group companies — 831 — 880 — 808 * Not deductible from regulatory capital. ** As the circumstances of the aforementioned regulations were met, Banco Popular Español, S.A.U. requested the conversion of part of its monetizable assets in 2016 income tax return (EUR 486 million conversion approved in 2018) and in 2017 income tax form (EUR 995 million , in this case Spanish tax authorities have expressly confirmed the nature of the assets as monetizable, but it considers that conditions for conversion are not met at the end of 2017, without prejudice to the conversion in future years). The Group only recognises deferred tax assets for temporary differences or tax loss and tax credit carryforwards where it is considered probable that the consolidated entities that generated them will have sufficient future taxable profits against which they can be utilised. The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed. These analyses take into consideration all evidence, both positive and negative, of the recoverability of such deferred tax assets, among which we can find, (i) the results generated by the different entities in previous years, (ii) the projections of results of each entity or fiscal group, (iii) the estimation of the reversal of the different temporary differences according to their nature and (iv) the period and limits established under the applicable legislation of each country for the recovery of the different deferred tax assets, thus concluding on the ability of each entity or fiscal group to recover the deferred tax assets registered. The projections of results used in this analysis are based on the financial budgets approved by both the local directions of the corresponding units and by the Group's administrators. The Group's budget estimation process is common for all units. The Group's management prepares its financial budgets based on the following key assumptions: a. Microeconomic variables of the entities that make up the fiscal group in each location: the existing balance structure, the mix of products offered and the commercial strategy at each moment defined by local directions are taken into account, based on the competition, regulatory and market environment. b. Macroeconomic variables: estimated growths are based on the evolution of the economic environment considering the expected evolution in the Gross Domestic Product of each location, and the forecasts of interest rates, inflation and exchange rates fluctuations. These data is provided by the Group’s Studies Service, based on external sources of information. Additionally, the Group performs retrospective contrasts (backtesting) on the variables projected in the past. The differential behavior of these variables with respect to the real market data is considered in the projections estimated in each fiscal year. Thus, and in relation to Spain, the deviations identified by the Directors in recent past years are due to non-recurring events outside the operation of the business, such as the impacts due to the first application of new regulations, the costs assumed for the acceleration of the restructuring plans and the changing effect of the current macroeconomic environment. Finally, and given the degree of uncertainty of these assumptions, the Group conducts a sensitivity analysis of the most significant assumptions considered in the deferred tax assets’ recoverability analysis, considering any reasonable change in the key assumptions on which the projections of results of each entity or fiscal group and the estimation of the reversal of the different temporary differences are based. In relation to Spain, the sensitivity analysis has consisted of adjusting 50 basis points for growth (gross domestic product) and adjusting 50 basis points for inflation. Following the sensitivity analysis performed, the Group does not estimate significant variations in its future taxable income, in relation to its deferred tax assets. Relevant information is set forth below for the main countries which have recognised deferred tax assets: Spain The deferred tax assets recognised at the Consolidated Tax Group total EUR 12,511 million, of which EUR 7,422 million were for monetizable temporary differences with the right to conversion into a credit against the Public Finance, EUR 2,330 million for other temporary differences and EUR 2,759 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences will be recovered in a maximum period of 15 years . This period would also apply to the recovery of the recognised tax loss and tax credit carryforwards. Brazil The deferred tax assets recognised in Brazil total EUR 6,120 million, of which EUR 3,615 million were for monetizable temporary differences, EUR 2,402 million for other temporary differences and EUR 103 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits will be recovered in approximately 10 years . United States The deferred tax assets recognised in the United States total EUR 1,303 million, of which EUR 940 million were for temporary differences and EUR 363 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits will be recovered in a period of 15 years. The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows: Million euros Balances at 31 December 2018 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2019 Deferred tax assets 23,258 215 (610 ) (92 ) (13 ) 22,758 Tax losses and tax credits 4,276 (301 ) (548 ) — — 3,427 Temporary differences 18,982 516 (62 ) (92 ) (13 ) 19,331 Of which: monetizable 10,866 427 (60 ) — — 11,233 Deferred tax liabilities (5,568 ) (680 ) 92 (366 ) — (6,522 ) Temporary differences (5,568 ) (680 ) 92 (366 ) — (6,522 ) 17,690 (465 ) (518 ) (458 ) (13 ) 16,236 Million euros Balances at 31 December 2017 IFRS 9 Adoption impact (Balance at January 1, 2018) (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2018 Deferred tax assets 23,210 680 241 (807 ) 149 (215 ) 23,258 Tax losses and tax credits 4,457 — (128 ) 1 — (54 ) 4,276 Temporary differences 18,753 680 369 (808 ) 149 (161 ) 18,982 Of which: monetizable 11,046 273 391 (844 ) — — 10,866 Deferred tax liabilities (4,837 ) — (364 ) (114 ) (315 ) 62 (5,568 ) Temporary differences (4,837 ) — (364 ) (114 ) (315 ) 62 (5,568 ) 18,373 680 (123 ) (921 ) (166 ) (153 ) 17,690 Million euros Balances at 31 December 2016 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisitions for the year (net) Balances at 31 December 2017 Deferred tax assets 21,264 (675 ) (756 ) (1 ) 3,378 23,210 Tax losses and tax credits 4,934 (279 ) (205 ) — 7 4,457 Temporary differences 16,330 (396 ) (551 ) (1 ) 3,371 18,753 Of which: monetizable 9,649 (185 ) (455 ) — 2,037 11,046 Deferred tax liabilities (5,694 ) 568 414 19 (144 ) (4,837 ) Temporary differences (5,694 ) 568 414 19 (144 ) (4,837 ) 15,570 (107 ) (342 ) 18 3,234 18,373 Also, the Group did not recognise deferred tax assets relating to tax losses, tax credits for investments and other incentives amounting to approximately EUR 6,700 million , the use of which EUR 370 million is subject, among other requirements, to time limits. f) Tax reforms The following significant tax reforms were approved in 2019 and previous years: The Tax Cuts and Jobs Act (the 2017 Act) was approved in the United States on 22 December 2017. The main amendments introduced in this tax regulation affected the US corporate tax rates, some business-related exclusions and deductions and credits. Likewise, this amendment entailed a tax impact for many companies that operate internationally. The main impact is derived from the decrease in the federal tax rate that was reduced from 35% to 21% , which affected both the amount and estimation of the recoverability of deferred tax assets and liabilities during 2017 as well as the profit after tax from 2018. The estimated impact on the Group, arisen from the affected subsidiaries, which was already recorded as of 31 December 2017, did not represent a significant amount in the attributable profit. On 29 December 2017, Law No. 27430 on the reform of the Argentine tax system was published, whose main measures entered into force on 1 January, 2018, therefore it had no effect on the Group’s accounts in 2017. Among other measures, it is established a gradual reduction of the income tax from the 35% applicable until 2017, to 30% in 2018 and 2019, and up to 25% in 2020 and ahead, which is complemented by a dividend withholding of 7% for those distributed with a charge to 2018 and 2019 financial years, and 13% if distributed with a charge to 2020 onwards. On December 2016, the Royal Decree-Law 3-2016 was approved in Spain under which the following tax measures were adopted , among others,: (i) The limit for the integration of deferred monetizable tax assets, as well as for set-off for the negative tax was reduced (the limit was reduced from 70% to 25% of the tax base), (ii) this regulation set out a new limit of 50% of the tax rate for the application of deductions in order to avoid double taxation, (iii) this regulation also set out the compulsory impairment reversion for deductible participations in previous years by one fifths independently from the recovery of the participated, and (iv) the regulation included the non-deductibility of the losses generated from the transmission of participations performed from 1 January 2017. In the United Kingdom, a progressive reduction was approved in 2016 regarding the tax rate of the Corporate Tax, from 20% to 17% . The applicable rate from 1 April, 2017 is 19% and it will be 17% from 1 April 2020. Also, in 2015, a surcharge of 8% on the standard income tax rate for bank profits was approved. This surcharge applies from 1 January 2016. In addition, from 2015 customer remediation payments are no longer considered to be tax-deductible. In Brazil, in 2015, there was also an increase for insurance and financial companies and in the rate of the Brazilian social contribution tax on net income ("Contribuição Social sobre o Lucro Líquido"; CSLL) from 15% to 20% (applicable from 1 September, 2015 to 31 December 2018). Since 1 January, 2019, the tax rate is 15% again, as a result of which the income tax rate (25)% plus the CSLL rate total 40% for those companies. The main change in 2019 was the approval on 12 November of Constitutional Amendment 103/19 modifying the social security system, which includes, among other measures, an increase in the CSLL tax rate for credit institutions from 15% to 20% , effective 1 March 2020. This increase lifted the aggregate tax rate -sum of CSLL and the corporate income tax (Imposto de Renda Pessoa Jurídica; IRPJ)- for credit institutions from 40% to 45% . In Argentina, the Law Num. 27541 (B.O.E. of 23 December 2019), on Social Solidarity and Production Reactivation in the Context of the Public Emergency, have introduced various modifications to the Argentinean tax system to increase tax receipts. The main amendments are the delay of previously approved lowering of the corporate tax rate from 30% to 25% (scheduled to take effect on 1 January 2020), as well as increasing in dividend withholdings from 7% to 13% (pushed back to 1 January 2021). Additionally the adjustment for tax inflation that was to be applied on a transitional basis in 1/3 of 2019, with the remaining two-thirds pending application in equal parts in 2020 and 2021, has been lowered to 1/6 in 2019, with the rest being deferred over the next five years. The same deferral rule will apply if there is an inflation adjustment in 2020. On 27 November 2019 has entered into force the Protocol amending the Convention between the United States of America and the kingdom of Spain for the Avoidance of Double Taxation (DTT). The revision of the Convention introduces substantial reductions in the withholding rates that apply to different types of income, highlighting the reduction of the withholding rate on dividends to 5% for shareholdings of more than 10% , the elimination of withholding for shareholdings greater than 80% and elimination of withholding at source on interests and royalties. g) Other information In compliance with the disclosure requirement established in the Listing Rules Instrument 2005 published by the UK Financial Conduct Authority, it is hereby stated that shareholders of the Bank resident in the United Kingdom will be entitled to a tax credit for taxes paid abroad in respect of withholdings that the Bank has to pay on the dividends to be paid to such shareholders if the total income of the dividend exceeds the amount of exempt dividends of GBP 2,000 for the year 2019/20. The shareholders of the Bank resident in the United Kingdom who hold their ownership interest in the Bank through Santander Nominee Service will be informed directly of the amount thus withheld and of any other data they may require to complete their tax returns in the United Kingdom. The other shareholders of the Bank resident in the United Kingdom should contact their bank or securities broker. Banco Santander, S.A. is part of the Large Business Forum and has adhered since 2010 to the Code of Good Tax Practices in Spain. Also Santander UK is a member of the HMRC’s Code of Practice on Taxation in the United Kingdom, actively participating in both cases in the cooperative compliance programs being developed by these Tax Administrations. |
Non-controlling interests
Non-controlling interests | 12 Months Ended |
Dec. 31, 2019 | |
Non-controlling interests Abstract | |
Non-controlling interests | Non-controlling interests Non-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the year. a) Breakdown The detail, by Group company, of Equity - Non-controlling interests is as follows: 2019 2018 2017 Santander Consumer USA Holdings Inc. 1,565 1,652 1,479 Santander Bank Polska S.A. 1,597 1,538 1,901 Grupo PSA 1,569 1,409 1,305 Banco Santander (Brasil) S.A. 1,167 1,114 1,489 Banco Santander - Chile 1,101 1,085 1,209 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 333 1,093 1,056 Grupo Metrovacesa — — 836 Other companies* 1,655 1,493 1,481 8,987 9,384 10,756 Profit/(Loss) for the year attributable to non-controlling interests 1,601 1,505 1,588 Of which: Banco Santander (Brasil) S.A. 373 292 288 Banco Santander - Chile 283 279 264 Grupo PSA 266 232 206 Santander Consumer USA Holdings Inc. 230 218 368 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 195 216 194 Santander Bank Polska S.A. 162 173 160 Other companies 92 95 108 TOTAL 10,588 10,889 12,344 * Includes a Santander UK plc issuance of perpetual convertible equity instruments, at the option of Santander UK plc, into preference shares of Santander UK itself for a nominal amount of GBP 2,250 million (the Group having acquired GBP 1,100 million ). Carrying amount of EUR 1,346 million in 2019 (EUR 1,280 million and EUR 1,290 million in 2018 and 2017 , respectively). b) Changes The changes in Non-controlling interests are summarised as follows: Million euros 2019 2018* 2017 Balance at the end of the previous year 10,889 12,344 11,761 Effect of changes in accounting policies** — (1,292 ) — Balance at beginning of year 10,889 11,052 11,761 Other comprehensive income*** 310 (109 ) (583 ) Other (611 ) (54 ) 1,166 Profit attributable to non-controlling interests 1,601 1,505 1,588 Modification of participation rates (1,623 ) (65 ) (819 ) Change of perimeter 110 (660 ) (39 ) Dividends paid to minority shareholders (895 ) (687 ) (665 ) Changes in capital and others concepts 196 (147 ) 1,101 Balance at end of year 10,588 10,889 12,344 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** See change in consolidated statements of changes in total equity. *** Mainly due to Exchange differences. On 6 September 2019, the period for acceptance of the offer by Banco Santander S.A. to acquire shares of Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México ended (see Note 3). The offer was accepted by securities representing 16.69% of the share capital of Banco Santander México and, consequently, the Group's interest in Banco Santander México was reduced to 91.65% of its share capital, which meant a decrease of EUR 1,012 million in minority interests, as reported in the table above under Changes in percentage of ownership. During the year 2017, the Group completed the acquisition of 9.65% of shares of Santander Consumer USA Holdings Inc (see Note 3), which resulted in a reduction of EUR 492 million in the balance of Non - controlling interests. In 2018 there was a loss of control over Metrovacesa, S.A. in the Group, which has led to a decrease of EUR 826 million in the balance of Minority interests (see Note 3). The foregoing changes are shown in the consolidated statement of changes in total equity. c) Other information The financial information on the subsidiaries with significant non-controlling interests at 31 December 2019 is summarised below: Million euros* Banco Santander (Brasil) S.A. Banco Santander (Chile), S.A. Grupo Financiero Santander México, S.A.B. de C.V. Santander Bank Polska S.A. Santander Consumer USA Holdings Inc. Total assets 172,033 62,151 72,441 44,688 43,706 Total liabilities 156,251 57,246 66,086 39,659 37,097 Net assets 15,782 4,905 6,355 5,029 6,609 Total income 13,951 2,539 3,998 1,717 4,575 Total profit 3,311 919 1,145 511 806 * Information prepared in accordance with the segment reporting criteria described in Note 52 and, therefore, it may not coincide with the information published separately by each entity. |
Other comprehensive income
Other comprehensive income | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Other comprehensive income | Other comprehensive income The balances of Other comprehensive income include the amounts, net of the related tax effect, of the adjustments to assets and liabilities recognised in equity through the consolidated statement of recognised income and expense. The amounts arising from subsidiaries are presented, on a line by line basis, in the appropriate items according to their nature. Respect to items that may be reclassified to profit or loss, the consolidated statement of recognised income and expense includes changes in other comprehensive income as follows: • Revaluation gains (losses): includes the amount of the income, net of the expenses incurred in the year, recognised directly in equity. The amounts recognised in equity in the year remain under this item, even if in the same year they are transferred to the income statement or to the initial carrying amount of the assets or liabilities or are reclassified to another line item. • Amounts transferred to income statement: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the income statement. • Amounts transferred to initial carrying amount of hedged items: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the initial carrying amount of assets or liabilities as a result of cash flow hedges. • Other reclassifications: includes the amount of the transfers made in the year between the various valuation adjustment items. a) Breakdown of Other comprehensive income - Items that will not be reclassified in results and Items that can be classified in results Million of euros 2019 2018 2017 (IFRS 9) (IFRS 9)* (IAS 39) Other comprehensive income (22,032 ) (22,141 ) (21,776 ) Items that will not be reclassified to profit or loss (4,288 ) (2,936 ) (4,034 ) Actuarial gains and losses on defined benefit pension plans (4,764 ) (3,609 ) (4,033 ) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates 1 1 (1 ) Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income 514 597 Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) 44 — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (44 ) — Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (39 ) 75 Items that may be reclassified to profit or loss (17,744 ) (19,205 ) (17,742 ) Hedges of net investments in foreign operations (Effective portion) (5,464 ) (4,312 ) (4,311 ) Exchange differences (14,607 ) (15,730 ) (15,430 ) Hedging derivatives. Cash flow hedges (Effective portion) 300 277 152 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income 2,321 828 Hedging instruments (items not designated) — — Financial assets available-for-sale 2,068 Debt instruments 1,154 Equity instruments 914 Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (294 ) (268 ) (221 ) * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). b) Other comprehensive income- Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans include the actuarial gains and losses and the return on plan assets, less the administrative expenses and taxes inherent to the plan, and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). Its variation is shown in the consolidated statement of income and expense. The provisions against equity in 2019 amounted to EUR 1,677 million - see Note 25.b -, with the following breakdown: • Increase of EUR 278 million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate - reduction from 1.55% to 0.80% . • Increase of EUR 601 million in the cumulative actuarial losses relating to the Group´s businesses in the UK, mainly due to the evolution experienced by the main actuarial hypotheses – reduction in the discount rate from 2.90% to 2.11% . • Increase of EUR 310 million in accumulated actuarial losses corresponding to the Group’s business in Brazil, mainly due to the reduction in the discount rate (from 9.11% to 7.05% in pension benefits and 9.26% to 7.22% in medical benefits), as well as variations in the other hypotheses. • Increase of EUR 150 million in the accumulated actuarial losses relating to the Group's business in Portugal, due mainly to the evolution of the main actuarial assumptions - reduction in the discount rate from 2.10% to 1.10% . The other modification in accumulated actuarial profit or losses is a increase of the losses of EUR 338 million as a result of the evolution of exchange rates and other effects, mainly in the United Kingdom (appreciation of the pound). c) Other comprehensive income - Items that will not be reclassified in results - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income Includes the net amount of unrealised fair value changes of equity instruments at fair value with changes in other comprehensive income. The following is a breakdown of the composition of the balance as of 31 December 2019 (IFRS 9) under "Other comprehensive income" - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result depending on the geographical origin of the issuer: Million of euros 31/12/2019 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Spain 21 (445 ) (424 ) 184 International Rest of Europe 68 (72 ) (4 ) 379 United States 15 (3 ) 12 44 Latin America and rest 934 (4 ) 930 2,256 1,038 (524 ) 514 2,863 Of which: Publicly listed 936 (14 ) 922 2,283 Non publicly listed 102 (510 ) (408 ) 580 d) Other comprehensive income - Items that may be reclassified to profit or loss - Hedge of net investments in foreign operations (effective portion) and exchange differences The changes in 2019 reflect the positive effect of the appreciation of the pound sterling and US dollar and the negative effect of the depreciation of the Brazilian real, whereas the changes in 2018 reflect the negative effect of the depreciation of large part of the currencies, mainly the Brazilian real and pound sterling. Of the change in the balance in these years, a profit of EUR 230 million, a loss of EUR 556 million and a loss of EUR 1,704 million in 2019 , 2018 and 2017 , respectively relate to the measurement of goodwill. The detail, by country is as follows: 2019 2018 2017 Net balance at end of year (20,071 ) (20,042 ) (19,741 ) Of which: Brazilian Real (13,579 ) (12,950 ) (11,056 ) Pound Sterling (3,135 ) (3,924 ) (3,732 ) Mexican Peso (2,439 ) (2,312 ) (2,230 ) Argentine Peso* — — (1,684 ) Chilean Peso (1,560 ) (1,238 ) (866 ) US Dollar 1,654 1,330 555 Other (1,012 ) (948 ) (728 ) * In 2019 and 2018, due to the application of IAS 29 for hyperinflationary economies, they have been transferred to Other Reserves (see Note 33). e) Other comprehensive income -Items that may be reclassified to profit or loss - Hedging derivatives – Cash flow hedges (Effective portion) Other comprehensive income – Items that may be reclassified to profit or loss - Cash flow hedges includes the gains or losses attributable to hedging instruments that qualify as effective hedges. These amounts will remain under this heading until they are recognised in the consolidated income statement in the periods in which the hedged items affect it (see Note 11). f) Other comprehensive income - Items that may be reclassified to profit or loss – Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (IFRS 9) and available-for-sale (IAS 39) Includes the net amount of unrealised changes in the fair value of assets classified as Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (IFRS 9) and Financial assets available-for-sale (IAS 39) (see Notes 7 and 8). The breakdown, by type of instrument and geographical origin of the issuer, of Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (IFRS 9) and Financial assets available-for-sale (IAS 39) at 31 December 2019 , 2018 and 2017 is as follows: Million euros 31 December 2019 31 December 2018* 31 December 2017 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain (Note 7) 947 (2 ) 945 32,413 326 (3 ) 323 38,550 660 (25 ) 635 48,217 Rest of Europe 664 (38 ) 626 19,052 373 (55 ) 318 17,494 306 (24 ) 282 20,244 Latin America and rest of the world 839 (121 ) 718 51,284 448 (117 ) 331 42,599 404 (129 ) 275 39,132 Private-sector debt securities 81 (49 ) 32 20,096 37 (178 ) (141 ) 19,777 90 (128 ) (38 ) 20,888 2,531 (210 ) 2,321 122,845 1,184 (353 ) 831 118,420 1,460 (306 ) 1,154 128,481 Equity instruments Domestic Spain 5 (2 ) 3 1,373 International Rest of Europe 166 (2 ) 164 979 United States 14 (5 ) 9 560 Latin America and rest of the world 744 (6 ) 738 1,878 929 (15 ) 914 4,790 Of which: Listed 828 (5 ) 823 2,900 Unlisted 101 (10 ) 91 1,890 2,531 (210 ) 2,321 122,845 1,184 (353 ) 831 118,420 2,389 (321 ) 2,068 133,271 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). At the end of 2017 the Group assessed whether there is any objective evidence that the instruments classified Changes in the fair value of debt and equity instruments measured at fair value with changes in other comprehensive income and Financial assets available-for-sale (IAS 39) (debt securities and equity instruments) were impaired. This assessment included but was not limited to an analysis of the following information: i) the issuer’s economic and financial position, the existence of default or late payment, analysis of the issuer’s solvency, the evolution of its business, short-term projections, trends observed with respect to its earnings and, if applicable, its dividend distribution policy; ii) market-related information such as changes in the general economic situation, changes in the issuer’s sector which might affect its ability to pay; iii) changes in the fair value of the security analysed, analysis of the origins of such changes - whether they are intrinsic or the result of the general uncertainty concerning the economy or the country - and iv) independent analysts’ reports and forecasts and other independent market information. As of 1 January 2018, with the entry into force of IFRS 9, the Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period. At the end of the years 2019 , 2018 and 2017 , the Group recorded under Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss, net due to modification of the consolidated income statement, in the line of financial assets at fair value with changes in other comprehensive income (IFRS 9) a provision of EUR 12 million and EUR 1 million in 2019 and 2018 , respectively, and in the line of available-for-sale financial assets (IAS 39) a provision of EUR 10 million in equity instruments in 2017 . Until 31 December 2017, in the case of quoted equity instruments, when the changes in the fair value of the instrument under analysis were assessed, the duration and significance of the fall in its market price below cost for the Group was taken into account. As a general rule, for these purposes the Group considers a significant fall to be a 40% drop in the value of the asset or a continued fall over a period of 18 months . Nevertheless, it should be noted that the Group assessed, on a case-by-case basis, each of the securities that have suffered losses, and monitors the performance of their prices, recognising an impairment loss as soon as it is considered that the recoverable amount could be affected, even though the price may not have fallen by the percentage or for the duration mentioned above. If, after the above assessment has been carried out, the Group considers that the presence of one or more of these factors could affect recovery of the cost of the asset, an impairment loss was recognised in the income statement for the amount of the loss registered in equity under Other comprehensive income – Items that may be reclassified to profit or loss – Items not reclassified to profit or loss – Other Valuation adjustments. Also, where the Group was not intend and/or is not able to hold the investment for a sufficient amount of time to recover the cost, the instrument was written down to its fair value. As of 1 January 2018, with the entry into force of IFRS 9, no impairment analysis is performed of equity instruments recognised under Other comprehensive income . IFRS 9 eliminates the need to carry out the impairment estimate on this class of equity instruments and the reclassification to profit and loss on the disposal of these assets, being recognised at fair value with changes in equity. g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates The changes in other comprehensive income - Entities accounted for using the equity method were as follows: Million euros 2019 2018 2017 Balance at beginning of year (267 ) (222 ) (153 ) Revaluation gains/(losses) (33 ) (65 ) (84) Net amounts transferred to profit or loss 7 20 15 Balance at end of year (293 ) (267 ) (222 ) Of which: Zurich Santander Insurance (145 ) (159 ) (145 ) |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2019 | |
Equity [abstract] | |
Shareholders' equity | Shareholders’ equity The changes in Shareholders' equity are presented in the consolidated statement of changes in total equity. Significant information on certain items of Shareholders' equity and the changes therein in 2019 is set forth below. |
Issued capital
Issued capital | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of classes of share capital [abstract] | |
Issued capital | Issued capital a) Changes At 31 December 2016 the Bank’s share capital consisted of 14,582,340,701 shares with a total par value of EUR 7,291 million. As a result of the acquisition of Banco Popular Español, S.A.U. described in Note 3, and in order to strengthen and optimize the bank’s equity structure to provide adequate coverage of the acquisition, the Group, on 3 July 2017, reported on the agreement of the executive committee of Banco Santander , S.A.to increase the capital of the Bank by EUR 729 million by issuing and putting into circulation 1,458,232,745 new ordinary shares of the same class and series as the shares currently in circulation and with preferential subscription rights for the shareholders. The issue of new shares was carried out at a nominal value of fifty euro cents (EUR 0.50 ) plus a premium of EUR 4.35 per share, so the total issue rate of the new shares was EUR 4.85 per share and the total effective amount of the capital increase (including nominal and premium) of EUR 7,072 million . Each outstanding share had been granted a preferential subscription right during the preferential subscription period that took place from 6 to 20 July 2017, where 10 preferential subscription rights were required to subscribe 1 new share. On 7 November 2017, a capital increase of EUR 48 million was made, through which the Santander Dividendo Elección scrip dividend scheme took place, whereby 95,580,136 shares were issued ( 0.66% of the share capital). At 31 December 2017, the Bank’s share capital consisted of 16,136,153,582 shares with a total par value of EUR 8,068 million. On 7 November 2018, a capital increase of EUR 50 million was made, through which the Santander Dividendo Elección scrip dividend scheme took place, whereby 100,420,360 shares were issued ( 0.62% of the share capital). At 31 December 2018, the Bank’s share capital consisted of 16,236,573,942 shares with a total par value of EUR 8,118 million. On 10 September 2019, a capital increase of EUR 191 million was carried out with the issuance of 381,540,640 shares ( 2.35% of the Bank 's share capital). t o meet the takeover bid for 16.69% of the share capital of Banco Santander México, S.A. (see Note 3.a). Therefore, the Bank’s new capital consists of EUR 8,309 million at 31 December 2019, represented by 16,618,114,582 shares of EUR 0.50 of nominal value each one and all of them from a unique class and series. The Bank’s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London, Mexico and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI’s), each CDI representing one Bank’s share. They are also listed on the New York Stock Exchange under American Depositary Receipts (BDRs), each BDR representing one share. During 2018 and the beginning of 2019 the number of markets where the Bank is listed has been reduced; the Bank's shares has been delisted from Buenos Aires, Milan, Lisboa and Sao Paulo's markets. At 31 December 2019, no shareholder of the Bank individually held more than 3% of its total share capital (which is the significant threshold generally established under Spanish regulations for a significant holding in a listed company to be disclosed). While at 31 December 2019 certain custodians appeared in the register of shareholders as holding more than 3% of the share capital, the Bank understands that those shares were held in custody on behalf of other investors, none of which exceeded that threshold individually. These custodians were State Street Bank and Trust Company ( 14.06% ), The Bank of New York Mellon Corporation ( 8.12% ), Chase Nominees Limited ( 6.38% ), EC Nominees Limited ( 3.97% ) and BNP Paribas ( 3.40% ). Also, as of that date, BlackRock Inc. had communicated a significant participation in voting rights in the Bank ( 5.426% ), although it specified that the corresponding shares were held on behalf of several funds or other investment entities and that none of them exceeded 3% individually. Throughout 2019 BlackRock Inc. informed the CNMV of the movements regarding its voting rights in the Bank: 6 February, increase above 5% , 17 April, decrease below 5% , 9 May, increase above 5% and, 23 October, decrease below 5% . It should be noted that there may be some overlap in the holdings declared by the above mentioned custodians and asset manager. At 31 December 2019, neither the Bank´s shareholders registry nor the CNMV's registry showed any shareholder resident in a tax haven with a shareholding of 1% or higher of the share capital (which is the other threshold applicable under Spanish regulations). b) Other considerations The ordinary general meeting of shareholders of 7 April 2017 also agreed to delegate to the board of directors the broadest powers so that, within one year from the date of the meeting, it can indicate the date and set the conditions for a capital increase with the issuance of new shares, for an amount of EUR 500 million . The capital increase will have no value or effect if, within the period of one year , the board of directors does not exercise the powers delegated to it. Likewise, the additional capital authorised by the ordinary general meeting of shareholders on 7 April 2017 is not more than EUR 3,645,585,175 . The term available to the Bank’s administrators to execute and carry out capital increases up to that limit ends on 7 April 2020. The agreement grants the board the power to totally or partially exclude the pre-emptive subscription right under the terms of article 506 of the Capital Companies Law, although this power is limited to EUR 1,458,234,070 . At 23 March 2018, the ordinary general meeting of shareholders also agreed to delegate to the board of directors the broadest power to execute the capital increase agreement adopted by the shareholders meeting and the authorization to the Board of directors to increase it. At 31 December 2019 the shares of the following companies were listed on official stock markets: Banco Santander Río, S.A.; Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México; Banco Santander - Chile; Santander Chile Holding S.A.; Banco Santander (Brasil) S.A., Santander Bank Polska S.A. (former Bank Zachodni WBK S.A.) and Santander Consumer USA Holdings Inc. At 31 December 2019 the number of Bank shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 40 million shares, which represented 0.24% of the Bank’s share capital ( 63 and 52 million shares, representing 0.39% and 0.32% of the share capital in 2018 and 2017, respectively). In addition, the number of Bank shares owned by third parties and received as security was 227 million shares (equal to 1.36% of the Bank’s share capital). At 31 December 2019 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (See Appendix V). |
Share premium
Share premium | 12 Months Ended |
Dec. 31, 2019 | |
Share Premium Abstract | |
Share premium | Share premium Share premium includes the amount paid up by the Bank’s shareholders in capital issues in excess of the par value. The Spanish Limited Liability Companies Law expressly permits the use of the share premium account balance to increase capital at the entities at which it is recognised and does not establish any specific restrictions as to its use. The change in the balance of Share premium corresponds to the capital increases detailed in Note 31.a). The increase in 2017 is the result of the capital increase of EUR 6,343 million approved on 3 July 2017 and the reduction of EUR 48 million is due the capital increases charge to reserve arising from the Santander Diviendo Elección program. The decrease produced in 2018 was a consequence of the decrease of EUR 50 million to cope with the capital increase due to Santander Dividendo Elección program. The increased produced in 2019 is a consequence of the increase of EUR 1,491 million to cope with the capital increase for the acquisition of Banco Santander México, S.A, Institución de Banca Múltiple, Grupo Financiero Santander México shares on September 10,2019. Also, in 2019 , and an amount of EUR 38 million was transferred from the Share premium account to the Legal reserve ( 2018 : EUR 10 million; 2017 : EUR 154 million) (see note 33.b.i). |
Accumulated retained earnings
Accumulated retained earnings | 12 Months Ended |
Dec. 31, 2019 | |
Accumulated Retained Earnings | |
Accumulated retained earnings | Accumulated retained earnings a) Definitions The balance of Equity - Accumulated gains and Other reserves includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement. b) Breakdown The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows: Million euros 2019 2018 2017 Restricted reserves 2,595 2,580 2,880 Legal reserve 1,662 1,624 1,614 Own shares 879 902 1,212 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 11 11 11 Unrestricted reserves 10,664 12,099 11,369 Voluntary reserves* 4,603 5,737 6,904 Consolidation reserves attributable to the Bank 6,061 6,362 4,465 Reserves of subsidiaries 41,357 37,593 36,862 Reserves of entities accounted for using the equity method 1,166 917 724 55,782 53,189 51,835 * In accordance with the commercial regulations in force in Spain. i. Legal reserve Under the Consolidated Spanish Limited Liability Companies Law, 10% of net profit for each year must be transferred to the legal reserve. These transfers must be made until the balance of this reserve reaches 20% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10% of the increased share capital amount. In 2019 the Bank transferred EUR 38 million from the Share premium account to the Legal reserve ( 2018 : EUR 10 million; 2017 : EUR 154 million). Consequently, once again, after the capital increases described in Note 31 had been carried out, the balance of the Legal reserve reached 20% of the share capital, and at 31 December 2019 the Legal reserve was of the stipulated level. ii. Reserve for treasury shares Pursuant to the Consolidated Spanish Limited Liability Companies Law, a restricted reserve has been recognised for an amount equal to the carrying amount of the Bank shares owned by subsidiaries. The balance of this reserve will become unrestricted when the circumstances that made it necessary to record it cease to exist. Additionally, this reserve covers the outstanding balance of loans granted by the Group secured by Bank shares and the amount equivalent to loans granted by Group companies to third parties for the acquisition of treasury shares plus the own treasury shares amount. iii. Revaluation reserve Royal Decree Law 7/1996, of 7 June The balance of Revaluation reserve Royal Decree-Law 7/1996 can be used, free of tax, to increase share capital. From 1 January 2007, the balance of this account can be taken to unrestricted reserves, provided that the monetary surplus has been realised. The surplus will be deemed to have been realised in respect of the portion on which depreciation has been taken for accounting purposes or when the revalued assets have been transferred or derecognised. If the balance of this reserve were used in a manner other than that provided for in Royal Decree-Law 7/1996, of 7 June, it would be subject to taxation. iv. Reserves of subsidiaries The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows: Million euros 2019 2018 2017 Banco Santander (Brasil) S.A. (Consolidated Group) 12,400 10,755 9,874 Santander UK Group 8,079 8,207 7,724 Group Santander Holdings USA 4,528 4,260 4,150 Santander Consumer Finance Group 4,012 2,841 2,465 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 3,810 3,436 3,229 Banco Santander - Chile 3,116 2,963 2,764 Banco Santander Totta, S.A. (Consolidated Group) 2,823 2,729 2,821 Santander Bank Polska S.A. 1,738 1,387 1,093 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 823 714 638 Banco Santander (Suisse) SA. 348 369 381 Santander Investment, S.A. 146 208 202 Banco Santander Río S.A. (197 ) (82 ) 1,639 Other companies and consolidation adjustments* (269 ) (194 ) (118 ) 41,357 37,593 36,862 Of which, restricted 3,193 2,964 2,777 * Includes the charge relating to cumulative exchange differences in the transition to International Financial Reporting Standards. |
Other equity instruments and ow
Other equity instruments and own shares | 12 Months Ended |
Dec. 31, 2019 | |
Other equity instruments and own shares | |
Other equity instruments and own shares | Other equity instruments and own shares a) Equity instruments issued not capital and other equity instruments Other equity instruments includes the equity component of compound financial instruments, the increase in equity due to personnel remuneration, and other items not recognised in other “Shareholders’ equity” items. On 8 September 2017, Banco Santander issued contingent redeemable perpetual bonds (the “Fidelity Bonds”) amounting to EUR 981 million nominal value -EUR 686 million fair value. On 31 December 2019 amounted to EUR 598 million (EUR 565 million on 31 December 2018). Additionally, at 31 December 2019 the Group had other equity instruments amounting to EUR 146 million. b) Own shares Shareholders’ equity - Own shares includes the amount of own equity instruments held by all the Group entities. Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect. The Bank’s shares owned by the consolidated companies accounted for 0.051% of issued share capital at 31 December 2019 (31 December 2018 : 0.075% ; 31 December 2017 : 0.024% ). The average purchase price of the Bank’s shares in 2019 was EUR 4.09 per share and the average selling price was EUR 4.11 per share. The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR 6 million of losses in 2019 ( 2018 : EUR 0 million; 2017 : EUR 26 million of profit). |
Memorandum items
Memorandum items | 12 Months Ended |
Dec. 31, 2019 | |
Off-balance-sheet exposures | |
Memorandum items | Memorandum items Memorandum items relates to balances representing rights, obligations and other legal situations that in the future may have an impact on net assets, as well as any other balances needed to reflect all transactions performed by the consolidated entities although they may not impinge on their net assets. Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contract. The detail is as follows: 2019 2018 2017 Loans commitment granted 241,179 218,083 207,671 Of which doubtful 352 298 81 Financial guarantees granted 13,650 11,723 14,499 Of which doubtful 154 181 254 Financial guarantees 13,619 11,557 14,287 Credit derivatives sold 31 166 212 Other commitments granted 68,895 74,389 64,917 Of which doubtful 747 983 992 Technical guarantees 33,890 35,154 30,273 Other 35,005 39,235 34,644 The breakdown as at 31 December 2019 of the exposures and the provision fund (see note 25) out of balance sheet by impairment stage under IFRS 9 is EUR 316,116 million and EUR 417 million (EUR 297,409 million and EUR 382 million in 2018) in stage 1, EUR 6,355 million and EUR 145 million (EUR 5,324 million and EUR 132 million in 2018) in stage 2 and EUR 1,253 million and EUR 177 million (EUR 1,462 million and EUR 265 million in 2018) in stage 3, respectively. Additionally, the Group had provisions for guarantees and commitments granted for an amount of EUR 617 million and a doubtful exposure amounting to EUR 1,327 million, as at 31 December 2017 . A significant portion of these guarantees will expire without any payment obligation materialising for the consolidated entities and, therefore, the aggregate balance of these commitments cannot be considered as an actual future need for financing or liquidity to be provided by the Group to third parties. Income from guarantee instruments is recognised under Fee and commission income in the consolidated income statements and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee. i. Loan commitments granted Loan commitments granted: firm commitments of grating of credit under predefined terms and conditions, except for those that comply with the definition of derivatives as these can be settled in cash or through the delivery of issuance of another financial instrument. They include stand-by credit lines and long-term deposits. ii. Financial guarantees granted Financial guarantees includes, inter alia, financial guarantee contracts such as financial bank guarantees, credit derivatives sold, and risks arising from derivatives arranged for the account of third parties. iii. Other commitments granted Other contingent liabilities include all commitments that could give rise to the recognition of financial assets not included in the above items, such as technical guarantees and guarantees for the import and export of goods and services. b) Memorandum items i. Off-balance-sheet funds under managemen t The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows: Million euros 2019 2018 2017 Investment funds 142,988 127,564 135,749 Pension funds 11,843 11,160 11,566 Assets under management 22,079 19,131 19,259 176,910 157,855 166,574 ii. Non-managed marketed funds At 31 December 2019 there are non-managed marketed funds totalling EUR 49,490 million (31 December 2018 : EUR 42,211 million; 31 December 2017 : EUR 41,398 million). c) Third-party securities held in custody At 31 December 2019 the Group held in custody debt securities and equity instruments totalling EUR 229,381 million (31 December 2018 : EUR 940,650 million; 31 December 2017 EUR 997,061 million) entrusted to it by third parties. The decrease in 2019 is due to the agreement to sell the deposit and custody business to Crédit Agricole S.A. (see note 3). |
Hedging derivatives
Hedging derivatives | 12 Months Ended |
Dec. 31, 2019 | |
Hedging Derivatives | |
Hedging derivatives | Hedging derivatives The Group, within its financial risk management strategy, and in order to reduce asymmetries in the accounting treatment of its operations, enters into hedging derivatives on interest, exchange rate, credit risk or variation of stock prices, depending on the nature of the risk covered. Based on its objective, the Group classifies its hedges in the following categories: • Cash flow hedges: cover the exposure to the variation of the cash flows associated with an asset, liability or a highly probable forecast transaction. This cover the variable-rate issues in foreign currencies, fixed-rate issues in non-local currency, variable-rate interbank financing and variable-rate assets (bonds, commercial loans, mortgages, etc.). • Fair value hedges: cover the exposure to the variation in the fair value of assets or liabilities, attributable to an identified and hedged risk. This covers the interest risk of assets or liabilities (bonds, loans, bills, issues, deposits, etc.) with coupons or fixed interest rates, interests in entities, issues in foreign currencies and deposits or other fixed rate liabilities. • Hedging of net investments abroad: cover the exchange rate risk of the investments in subsidiaries domiciled in a country with a different currency from the functional one of the Group. The following tables contains details of the hedging instruments used in the Group's hedging strategies as of 31 December 2019 and 31 December 2018 : Million euros 2019 Carrying amount Notional Value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line ítems Fair value hedges 202,548 3,570 3,649 (1,522 ) Interest rate risk 183,586 3,032 3,160 (1,346 ) Equity swap 78 — 1 1 Hedging derivatives Future interest rate 12,325 — 32 (476 ) Hedging derivatives Interest rate swap 117,439 2,651 2,297 (429 ) Hedging derivatives Call money swap 44,791 91 472 (295 ) Hedging derivatives Currency swap 8,728 272 349 (126 ) Hedging derivatives Swaption 50 9 9 — Hedging derivatives Collar 15 1 — — Hedging derivatives Floor 160 8 — (21 ) Hedging derivatives Exchange rate risk 10,006 73 55 (60 ) Curency swap 284 24 1 — Hedging derivatives Fx forward 9,722 49 54 (60 ) Hedging derivatives Interest rate and exchange rate risk 8,698 465 428 (116 ) Interest rate swap 869 16 1 (45 ) Hedging derivatives Call money swap 277 — 4 (4 ) Hedging derivatives Currency swap 7,552 449 423 (67 ) Hedging derivatives Inflation risk — — — 5 Call money swap — — — 5 Hedging derivatives Credit risk 258 — 6 (5 ) CDS 258 — 6 (5 ) Hedging derivatives Cash flow hedges 135,439 3,398 1,618 (1,540 ) Interest rate risk 55,810 277 261 (267 ) Futures 21,655 33 147 (93 ) Hedging derivatives Future interest rate 771 — — (64 ) Hedging derivatives Interest rate swap 21,492 99 97 (105 ) Hedging derivatives Call money swap 6,164 30 12 8 Hedging derivatives Currency swap 2,345 98 5 (17 ) Hedging derivatives Floor 3,383 17 — 4 Hedging derivatives Exchange rate risk 31,803 463 660 (405 ) FX forward 10,595 237 216 (145 ) Hedging derivatives Future interest rate 9,290 — — 113 Hedging derivatives Interest rate swap 888 12 11 (6 ) Hedging derivatives Currency swap 11,030 214 433 (365 ) Hedging derivatives Deposits borrowed — — — (2 ) Deposits Interest rate and exchange rate risk 38,938 2,625 640 (826 ) Interest rate swap 7,347 133 5 201 Hedging derivatives Currency swap 27,044 2,492 622 (1,020 ) Hedging derivatives Call money swap 4,547 — 13 (7 ) Hedging derivatives Inflation risk 8,830 33 53 (44 ) Fx forward 2,230 5 4 4 Hedging derivatives Currency swap 6,511 28 42 (44 ) Hedging derivatives Call money swap 89 — 7 (4 ) Hedging derivatives Equity risk 58 — 4 2 Option 58 — 4 2 Hedging derivatives Other risk — — — — Future FX and c/v term RF — — — — Hedging derivatives Hedges of net investments in foreign operations 24,477 248 781 — Exchange rate risk 24,477 248 781 — FX forward 24,477 248 781 — Hedging derivatives 362,464 7,216 6,048 (3,062 ) Million euros 2018 Carrying amount Notional Value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line ítems Fair value hedges 178,719 3,451 5,114 96 Interest rate risk 163,069 2,642 4,620 16 Equity swap 109 — 2 — Hedging derivatives Future interest rate 7,702 — — (126 ) Hedging derivatives Interest rate swap 129,045 2,339 4,172 281 Hedging derivatives Call money swap 19,579 170 250 (32 ) Hedging derivatives Currency swap 4,957 121 45 (17 ) Hedging derivatives Inflation swap — — — 9 Hedging derivatives Swaption 51 6 6 — Hedging derivatives Collar 15 1 — — Hedging derivatives Floor 1,611 5 145 (99 ) Hedging derivatives Exchange rate risk 3,191 17 (3 ) 43 Fx forward 3,191 17 (3 ) 43 Hedging derivatives Interest rate and exchange rate risk 12,237 792 493 42 Interest rate swap 3,022 143 20 (15 ) Hedging derivatives Call money swap 20 — — — Hedging derivatives Currency swap 9,195 649 473 57 Hedging derivatives Inflation risk 168 — 4 (5 ) Call money swap 64 — 3 (3 ) Hedging derivatives Currency swap 104 — 1 (2 ) Hedging derivatives Credit risk 54 — — — CDS 54 — — — Hedging derivatives Cash flow hedges 118,400 4,865 976 (28 ) Interest rate risk 39,165 307 250 182 Fx forward 985 — 22 (22 ) Hedging derivatives Future interest rate 127 — — 29 Hedging derivatives Interest rate swap 33,956 240 202 159 Hedging derivatives Currency swap 2,350 57 26 11 Hedging derivatives Floor 1,747 10 — 5 Hedging derivatives Exchange rate risk 38,457 971 568 (878 ) Future FX and c/v term FV 4,955 — — (697 ) Hedging derivatives FX forward 3,283 186 15 (36 ) Hedging derivatives Future interest rate 4,946 — — (12 ) Hedging derivatives Interest rate swap 1,055 10 5 8 Hedging derivatives Currency swap 23,904 775 548 (142 ) Hedging derivatives Floor 314 — — — Hedging derivatives Deposits borrowed — — — 1 Deposits Interest rate and exchange rate risk 34,383 3,542 124 665 Interest rate swap 12,572 20 97 (7 ) Hedging derivatives Currency swap 21,811 3,522 27 672 Hedging derivatives Inflation risk 6,318 45 30 11 FX forward 414 — 9 (1 ) Hedging derivatives Currency swap 5,904 45 21 12 Hedging derivatives Equity risk 77 — 4 (8 ) Option 77 — 4 (8 ) Hedging derivatives Other risk — — — — Future FX and c/v term RF — — — — Hedging derivatives Hedges of net investments in foreign operations 21,688 291 273 (1 ) Exchange rate risk 21,688 291 273 (1 ) FX forward 21,688 291 273 (1 ) Hedging derivatives 318,807 8,607 6,363 67 Considering the main contributions of hedging within the Group, the main types of hedgings that are being carried are in Santander UK Group, Banco Santander, S.A., Consumer Group, Banco Santander Mexico and Banco Santander Brazil that are detailed below. Santander UK Group enters into derivatives to provide customers with risk management solutions and to manage and hedge the Group's own risks. Within fair value hedges, Santander UK Group has portfolios of assets and liabilities at fixed rate that are exposed to changes in fair value due to changes in market interest rates. These positions are managed by contracting mainly Interest Rate Swaps. Effectiveness is assessed by comparing the changes in the fair value of these portfolios generated by the hedged risk with the changes in the fair value of the derivatives contracted. Santander UK Group also has access to international markets to obtain financing by issuing fixed-rate debt in its functional currency and other currencies. As such, they are exposed to changes in interest rates and exchange rates, mainly in EUR and USD. This risk is mitigated with Cross Currency Swaps and Interest Rate Swaps in which they pay a fixed rate and receive a variable rate. Effectiveness is evaluated using linear regression techniques to compare changes in the fair value of the debt at interest and exchange rates with changes in the fair value of Interest Rate Swaps or Cross Currency Swaps. Within the cash flow hedges, Santander UK Group has portfolios of assets and liabilities at variable rates, normally at SONIA or LIBOR. To mitigate this risk of variability in market rates, it contracts Interest Rate Swaps. As Santander UK Group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. To manage this exchange rate risk, Spot, Forward and Cross Currency Swap are contracted to match the cash flow profile and the maturity of the estimated interest and principal repayments of the hedged item. Effectiveness is assessed by comparing changes in the fair value of the derivatives with changes in the fair value of the hedged item attributable to the hedged risk by applying a hypothetical derivative method using linear regression techniques. In addition, within the hedges that cover equity risk, Santander UK Group offers employees the opportunity to purchase shares of the Bank at a discount under the Sharesave scheme, exposing the Bank to share price risk. As such, options are purchased allowing them to purchase shares at a pre-set price. Banco Santander, S.A. covers the risks of its balance sheet in a variety of ways. On the one hand, documented as fair value hedges, it covers the interest rate, foreign currency and credit risk of fixed-income portf olios at a fixed rate (REPOs are included in this category) . Resulting, in an exposure to changes in their fair value due to variations in market conditions based on the various risks hedged, which has an impact on the Bank's income statement. To mitigate these risks, the Bank contracts derivatives, mainly Interest rate Swaps, Cap&Floors, Forex Forward and Credit Default Swaps. On the other hand, the interest and exchange rate risk of loans granted to corporate clients at a fixed rate is generally covered. These coverages, are carried out through Interest Rate Swaps, Cross Currency Swaps and Exchange Rate Derivatives (Forex Swaps and Forex Forward). In addition, the Bank manages the interest and exchange risk of debt issues in their various categories (issuing covered bonds, perpetual, subordinated and senior bond) and in different currencies, denominated at fixed rates, and therefore subject to changes in their fair value. These issues are covered through Interest Rate Swaps, Cross Currency Swaps or a combination of both by applying differentiated fair value hedging strategies for interest rate risk and cash flow hedging strategies to cover foreign exchange risk. The Bank's methodology for measuring the effectiveness of this type of coverage is based on comparing the markets value of the hedged items (based on the objective risk of the hedge) and of the hedging instruments in order to analyse whether the changes in the market value of the hedged items are offset by the market value of the hedging instruments, thereby mitigating the hedged risk. Prospectively, the same analysis is performed, measuring the theoretical market values in the event of parallel variations in the market curves of a positive basis point. Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates. For retrospective purposes, all cash flows generated by the structure (hedged item and hedging instrument) are compared to measure effectiveness. The objective is to obtain a synthetic hedge resulting from the application of the hedging instrument. The total discounted cash flows obtained are compared with the target set for the calculation of potential ineffectiveness. For prospective purposes, the cash flows of the structure are calculated by shifting the curve by one basis point. As in the retrospective test, the calculation of the flows will take into account the time factor. The measurement of effectiveness is identical to that of the retrospective test, using the new flows based on the new curve-shift scenario applied to both the hedged item and the hedging instrument. Consumer Group entities mainly have loans portfolios at fixed interest rates and are therefore, exposed to changes in fair value due to movements in market interest rates. The entities manage this risk by contracting Interest Rate Swaps in which they pay a fixed rate and receive a variable rate. Interest rate risk is the only one hedged and, therefore, other risks, such as credit risk, are managed but not hedged by the entities. The interest rate risk component is determined as the change in fair value of fixed rate loans arising solely from changes in a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in reference interest rates with changes in the fair value of interest rate swaps. In addition, in order to access international markets with the aim of obtaining sources of financing, some Consumer Group´s entities issue fixed rate debt in their own currency and in other currencies that differ from their functional currency. Therefore, they are exposed to changes in both interest rates and exchange rates, which they mitigate with derivatives (Interest Rate Swaps, Fx Forward and Cross Currency Swaps) in which they receive a fixed interest rate and pay a variable interest rate, implemented with a fair value hedge. The cash flow hedges of the Santander Group´s entities hedge the foreign currency risk of loans and financing. Finally, it has hedges of net investments abroad to hedge the foreign exchange risk of the shareholding in NOK and CNY currencies. Banco Santander Mexico has mainly long-term loan portfolios at fixed interest rates, portfolios of short-term deposits in local currency, portfolios of Mexican Government bonds and corporate bonds in currencies other than the local currency and are therefore exposed to changes in fair value due to movements in market interest rates, as well as these latter portfolios also to variations in exchange rates. The entity manages this risk by contracting derivatives (Interest Rate Swaps or Cross Currency Swaps) in which they pay a fixed rate and receive a variable rate. The interest rate is hedged and the exchange risk, if applicable, too. Thus, other risks, such as credit risk, are managed but not hedged by the entities. The interest rate risk component is determined as the change in the fair value of fixed rate loans arising solely from changes in a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in benchmark interest rates with changes in the fair value of interest rate swaps. Regarding cash flow hedges, Banco Santander Mexico has a portfolio of unsecured bonds issued at a variable rate in its local currency, which it manages with an Interest Rate Swap in which it receives a variable rate and pays a fixed rate. On the other hand, it also has different items in currencies other than the local currency: unsecured floating rate bonds, commercial bank loans at variable rates, fixed rate issues, Mexican and Brazilian government bonds at fixed rates and loans received in USD from other banks. In all these portfolios, the Bank is exposed to exchange rate variations, which it mitigates by contracting Cross Currency Swaps or FX Forward. Banco Santander Brazil has, on the one hand, fixed-rate government bond portfolios and, therefore, they are exposed to changes in fair value due to movements in market interest rates. The entity manages this risk by contracting derivatives (Interest Rate Swaps or Futures) in which they pay a fixed rate and receive a variable rate. The interest rate risk is the only one hedged and consequently other risks, such as credit risk, are managed but not hedged by the entity. This strategy is designated as a fair value hedge and its effectiveness is evaluated by comparing by linear regression the changes in the fair value of the bonds with the changes in the fair value of the derivatives. On the other hand, as part of the fair value hedge strategy, it has corporate loans in different currencies than the local one and is therefore exposed to changes in fair value due to exchange rates. This risk is mitigated by contracting Cross Currency Swaps. Its effectiveness is evaluated by comparing changes in the fair value of loans attributable to changes subject of hedge with changes in the fair value of derivatives. Finally, it also has a portfolio of long-term Corporate Bonds with inflation-indexed rates. With reference to what it has been mentioned before, they are exposed to variations in market value due to variations in market inflation rates. In order to achieve its mitigation, they contract futures in which they pay the indexed inflation and receive variable interest rates. Its effectiveness is assessed by comparing through lineal regression the changes in the fair value of the bonds to the changes in fair value of the derivatives. In the hedge of cash flows, Banco Santander Brazil has portfolios of loans and government bonds in different currency than the entity's functional currency and, therefore, it is subject to the risk of changes in currency rates. This exposure will be mitigated by hiring cross currency swaps and futures. Its effectiveness is assessed by comparing changes in fair value of loans and bonds, caused by the hedge risk, to changes in fair value of such derivatives. Finally, they have a portfolio of variable rate government bonds, so they are exposed to changes in the value due to changes in interest rates. In order to mitigate these changes, a future is hired in which a variable rate is paid and a fixed rate is received. Its effectiveness is assessed by comparing changes in the fair value loans and bonds to changes in the fair value of the futures. In any case, in the event of ineffectiveness in fair value or cash flow hedges, the entity mainly considers the following causes: • Possible economic events affecting the entity (e.g.: default), • For movements and possible market-related differences in the collateralized and non-collateralized curves used in the valuation of derivatives and hedged items, respectively. • Possible differences between the nominal value, settlement/price dates and credit risk of the hedged item and the hedging element. Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. The Group assumes, as a priority objective in risk management, to minimize – up to a determined limit set up by the responsible for the financial management of the Group- the impact on the calculation of the capital ratio of their permanent investments included within the consolidation perimeter of the Group, and whose shares are legally named in a different currency than the holding has. For this purpose, financial instruments (generally derivatives) on exchange rates are hired, that allow mitigating the impact on the capital ratio of changes in the forward exchange rate. The Group hedges the risk, mainly, for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, SAR, MAD and PLN. The instruments used to hedge the risk of these investments are Forex Swaps, Forex Forward and buys/sells of spot currencies. In the case of this type of hedge, the ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the determined position and the spot rate at which it is found. The following table sets out the maturity profile of the hedging instruments used in the Group's non-dynamic hedging strategies: Million euros 31 December 2019 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 5,816 14,591 43,236 90,707 48,198 202,548 Interest rate risk 5,468 9,055 37,627 86,119 45,317 183,586 Equity swap — 11 25 42 — 78 Future interest rate 16 — 606 6,066 5,637 12,325 Interest rate swap 734 3,532 24,382 62,474 26,317 117,439 Call money swap 4,674 5,318 12,085 14,653 8,061 44,791 Currency swap 44 194 529 2,819 5,142 8,728 Swaption — — — 50 — 50 Collar — — — 15 — 15 Floor — — — — 160 160 Exchange rate risk 333 4,090 5,172 411 — 10,006 Currency swap 4 — 90 190 — 284 Fx forward 329 4,090 5,082 221 — 9,722 Interest rate and exchange rate risk 15 1,432 437 3,933 2,881 8,698 Interest rate swap — — — 869 — 869 Call money swap — — — 21 256 277 Currency swap 15 1,432 437 3,043 2,625 7,552 Credit risk — 14 — 244 — 258 CDS — 14 — 244 — 258 Cash flow hedges 16,506 5,912 38,678 62,119 12,224 135,439 Interest rate risk 13,023 2,179 13,011 26,332 1,265 55,810 Futures 12,304 385 3,196 5,770 — 21,655 Future interest rate — — — 771 — 771 Interest rate swap 460 864 7,441 12,585 142 21,492 Call money swap — 398 1,253 3,925 588 6,164 Currency swap 259 354 231 966 535 2,345 Floor — 178 890 2,315 — 3,383 Exchange rate risk 2,300 2,572 14,324 11,753 854 31,803 FX forward 2,173 1,746 3,404 3,272 — 10,595 Future interest rate — — 9,290 — — 9,290 Interest rate swap — — — 888 — 888 Currency swap 127 826 1,630 7,593 854 11,030 Interest rate and exchange rate risk 1,086 308 9,221 20,782 7,541 38,938 Interest rate swap — — 1,917 2,880 2,550 7,347 Currency swap 1,086 308 5,553 15,106 4,991 27,044 Call money swap — — 1,751 2,796 — 4,547 Inflation risk 97 853 2,114 3,204 2,562 8,830 FX forward — 117 1,205 908 — 2,230 Currency swap 97 736 909 2,207 2,562 6,511 Call money swap — — 89 — 89 Equity risk — — 8 48 2 58 Option — — 8 48 2 58 Other risk — — — — — — Future FX and c/v term RF — — — — — — Hedges of net investments in foreign operations 2,735 4,191 14,192 3,359 — 24,477 Exchange rate risk 2,735 4,191 14,192 3,359 — 24,477 FX forward 2,735 4,191 14,192 3,359 — 24,477 25,057 24,694 96,106 156,185 60,422 362,464 Million euros 31 December 2018 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges: 9,377 17,989 23,773 78,541 49,039 178,719 Interest rate risk 8,436 12,519 21,987 73,817 46,310 163,069 Equity swap — 27 46 36 — 109 Future interest rate 668 2,012 981 2,650 1,391 7,702 Interest rate swap 7,672 10,213 18,423 60,330 32,407 129,045 Call money swap 96 267 1,823 6,967 10,426 19,579 Currency swap — — 714 2,368 1,875 4,957 Swaption — — — 51 — 51 Collar — — — — 15 15 Floor — — — 1,415 196 1,611 Exchange rate risk 17 1,855 1,147 172 — 3,191 Fx forward 17 1,855 1,147 172 — 3,191 Interest rate and exchange rate risk 924 3,615 639 4,503 2,556 12,237 Interest rate swap 445 1,462 35 710 370 3,022 Call money swap — — — — 20 20 Currency swap 479 2,153 604 3,793 2,166 9,195 Inflation risk — — — — 168 168 Call money swap — — — — 64 64 Currency swap — — — — 104 104 Credit risk — — — 49 5 54 CDS — — — 49 5 54 Cash flow hedges 18,684 6,994 16,954 62,947 12,821 118,400 Interest rate risk 2,079 2,984 7,530 26,020 552 39,165 Fx forward 49 377 559 — — 985 Future interest rate 2 — — 125 — 127 Interest rate swap 2,028 2,161 5,957 23,593 217 33,956 Currency swap — 446 839 730 335 2,350 Floor — — 175 1.572 — 1,747 Exchange rate risk 16,166 3,478 5,896 11,984 933 38,457 Future FX and c/v term FV 4,955 — — — — 4,955 FX forward 1,423 — 47 1,813 — 3,283 Future interest rate 4,946 — — — — 4,946 Interest rate swap — — — 1,055 — 1,055 Currency swap 4,842 3,478 5,535 9,116 933 23,904 Floor — — 314 — — 314 Interest rate and exchange rate risk — 8 2,921 21,930 9,524 34,383 Interest rate swap — 8 898 8,456 3,210 12,572 Currency swap — — 2,023 13,474 6,314 21,811 Inflation risk 439 524 566 2,977 1,812 6,318 FX forward — 121 156 137 — 414 Currency swap 439 403 410 2,840 1,812 5,904 Equity risk — — 41 36 — 77 Option — — 41 36 — 77 Other risk — — — — — — Future FX and c/v term RF — — — — — — Hedges of net investments in foreign operations 555 777 11,067 9,289 — 21,688 Exchange rate risk 555 777 11,067 9,289 — 21,688 FX forward 555 777 11,067 9,289 — 21,688 28,616 25,760 51,794 150,777 61,860 318,807 Additionally, the profile information of maturities and the price/average rate for the most representative geographies is shown: Santander UK Group 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 5,118 6,822 32,210 51,307 15,397 110,854 Average fixed interest rate (%) GBP 0.770 0.900 0.880 1.330 3.000 Average fixed interest rate (%) EUR (0.410 ) 0.290 2.210 1.360 2.360 Average fixed interest rate (%) USD — 1.540 1.990 2.690 4.560 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — 887 — 394 738 2,019 Average GBP/EUR exchange rate — — — 1.178 1.160 Average GBP/USD exchange rate — 1.511 — — — Average fixed interest rate (%) EUR — — — 3.520 2.120 Average fixed interest rate (%) USD — 2.380 — — — Cash flow hedges Interest rate risk Interest rate instruments Nominal — 398 1,253 5,490 588 7,729 Average fixed interest rate (%) GBP — 0.760 0.820 1.460 0.400 Foreign exchange risk Exchange rate instruments Nominal 1,395 2,491 4,417 7,019 — 15,322 Average GBP/JPY exchange rate — 145.928 143.086 140.815 — Average GBP/EUR exchange rate — 1.144 1.117 1.153 — Average GBP/USD exchange rate 1.286 1.252 1.293 1.299 — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 954 — 7,626 15,089 7,291 30,960 Average GBP/EUR exchange rate 1.274 — 1.169 1.311 1.209 Average GBP/USD exchange rate — — 1.536 1.581 1.450 Average fixed interest rate (%) GBP 2.490 — 2.160 2.870 2.960 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 6,888 9,403 16,333 44,166 17,498 94,288 Average fixed interest rate (%) GBP 0.633 0.788 1.057 1.586 2.849 Average fixed interest rate (%) USD (0.223 ) 0.670 0.911 1.085 1.261 Average fixed interest rate (%) EUR 1.513 1.314 1.337 2.684 2.179 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 877 2,894 — 1,331 585 5,687 Average GBP/EUR exchange rate — — — 1.183 1.168 Average GBP/USD exchange rate 1.580 1.332 — 1.511 — Average fixed interest rate (%) EUR — — — 3.888 3.923 Average fixed interest rate (%) USD 3.615 2.500 — 2.375 7.950 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 1,917 2,225 3,466 — 7,608 Average fixed interest rate (%) GBP — 0.726 0.733 1.334 — Foreign exchange risk Exchange rate instruments Nominal 4,378 2,853 3,310 7,132 — 17,673 Average GBP/JPY exchange rate — 147.215 146.372 145.319 — Average GBP/EUR exchange rate — — 1.280 1.135 — Average GBP/USD exchange rate 1.304 1.307 1.310 1.305 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 2,859 21,288 9,495 33,642 Average GBP/EUR exchange rate — — 1.252 1.271 1.217 Average GBP/USD exchange rate — — 1.633 1.545 1.511 Average fixed interest rate (%) GBP — — 2.340 2.660 2.900 Banco Santander, S.A. 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 8 106 1,406 16,707 10,219 28,446 Average fixed interest rate (%) GBP — — — 1.43 6.82 Average fixed interest rate (%) EUR 5.30 2.41 3.20 0.79 2.58 Average fixed interest rate (%) CHF — — — 0.80 0.40 Average fixed interest rate (%) JPY — — — 0.46 — Average fixed interest rate (%) USD — — 2.05 3.12 3.93 Foreign exchange risk Exchange rate instruments Nominal 211 3,903 4,777 — — 8,891 Average fixed interest rate (%) GBP/EUR — 0.86 0.87 — — Average fixed interest rate (%) USD/EUR — 1.12 1.12 — — Average fixed interest rate (%) USDCLP 747.72 747.90 746.70 — — Average CNY/EUR exchange rate — 7.91 8.01 — — Average SAR/EUR exchange rate 4.16 4.18 — — — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 14 289 346 2,599 949 4,197 Average fixed interest rate (%) AUD/EUR — — — 4 4.66 Average fixed interest rate (%) CZK/EUR — — — 0.86 — Average fixed interest rate (%) EUR/COP — — 6.16 — — Average fixed interest rate (%) RON/EUR — — — 4.85 — Average fixed interest rate (%) HKD/EUR — — 2.52 2.58 — Average fixed interest rate (%) JPY/EUR — — 0.54 0.66 1.28 Average fixed interest rate (%) NOK/EUR — — — — 3.61 Average fixed interest rate (%) CHF/EUR — — — — 1.24 Average fixed interest rate (%) USD/COP 7.54 — 5.67 7.62 7.22 Average AUD/EUR exchange rate — — — 1.4989 1.5080 Average CZK/EUR exchange rate — — — 25.407 26.030 Average EUR/GBP exchange rate — 1.1711 — — — Average EUR/COP exchange rate — — 0.0003 — — Average HKD/EUR exchange rate — — 8.7185 8.782 — Average JPY/EUR exchange rate — — 130.4700 132.4608 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.7271 — Average CHF/EUR exchange rate — — — 1.0924 1.1053 Average USD/COP exchange rate 0.0003 — 0.0003 0.0003 0.0003 Average USD/MXN exchange rate — — — 0.0520 — Credit Risk Credit risk instruments Nominal — 13 — 244 — 257 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 353 4,410 207 4,970 Interest rate risk Bond Forward instruments Nominal 11,626 — 1,792 5,443 — 18,861 Hedges of net investments in foreign operations Exchange rate risk Exchange rate instruments Nominal 2,592 3,838 13,595 3,359 — 23,384 Average BRL/EUR exchange rate 4.59 4.74 4.74 4.88 — Average CLP/EUR exchange rate 822.13 822.32 811.64 824.36 — Average COP/EUR exchange rate — — 3,828.61 — — Average GBP/EUR exchange rate 0.89 0.91 0.94 — — Average MAD/EUR exchange rate — 10.77 10.87 — — Average MXN/EUR exchange rate 23.49 23.10 23.27 — — Average PLN/EUR exchange rate 4.37 4.38 4.39 — — 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 500 665 425 12,987 22,025 36,602 Average fixed interest rate (%) GBP — — — — 7.08 Average fixed interest rate (%) EUR 3.75 0.63 2.06 1.81 3.20 Average fixed interest rate (%) CHF — — — 0.76 1.04 Average fixed interest rate (%) USD — — 1.38 3.43 4.11 Foreign exchange risk Exchange rate instruments Nominal — 1,825 771 — — 2,596 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 41 461 120 2,083 951 3,656 Average fixed interest rate (%) AUD/EUR — — — 4.00 — Average fixed interest rate (%) CZK/EUR — — — 0.86 — Average fixed interest rate (%) EUR/COP — — 7.54 — — Average fixed interest rate (%) HKD/EUR — — — 2.52 — Average fixed interest rate (%) JPY/EUR — — — 0.64 1.28 Average fixed interest rate (%) NOK/EUR — — — — 3.61 Average fixed interest rate (%) USD/COP 6.13 6.71 — 9.47 — Average AUD/EUR exchange rate — — — 1.499 1.499 Average CZK/EUR exchange rate — — — 25.407 26.030 Average EUR/GBP exchange rate — 1.145 — — — Average EUR/COP exchange rate — — 0.0003 — — Average EUR/MXN exchange rate — — — — — Average HKD/EUR exchange rate — — — 8.718 — Average JPY/EUR exchange rate — — — 132.014 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average USD/COP exchange rate — — 0.269 — — Average USD/MXN exchange rate — 0.0003 0.0003 — 0.0003 Credit Risk Credit risk instruments Nominal — — — 49 5 54 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,942 — — 6,130 20 8,092 Average fixed interest rate (%) EUR — — — — 0.55 Hedges of net investments in foreign operations Exchange rate risk Exchange rate instruments Nominal 373 497 10,587 9,289 — 20,746 Average BRL/EUR exchange rate 4.46 — 4.46 4.73 — Average CLP/EUR exchange rate — 766.01 768.25 795.1 — Average CNY/EUR exchange rate — — 8.14 — — Average COP/EUR exchange rate — 3,728.01 3,685.8 — — Average GBP/EUR exchange rate — 0.91 0.89 — — Average MXN/EUR exchange rate 22.98 — 24.51 24.5 — Average PLN/EUR exchange rate — — 4.38 4.26 — Consumer Group 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 159 1,394 2,154 5,669 18 9,394 Average fixed interest rate (%) EUR (0.164 ) (0.027 ) (0.119 ) (0.110 ) (0.123 ) Average fixed interest rate (%) CHF (0.700 ) (0.700 ) (0.630 ) (0.560 ) — Foreign exchange risk Exchange rate instruments Nominal 118 187 304 — — 609 Average DKK/EUR exchange rate 7.458 7.465 7.458 — — Average PLN/EUR exchange rate 4.382 4.302 4.347 — — Average CHF/EUR exchange rate 1.093 1.096 — — — Average SEK/EUR exchange rate — 10 |
Discontinued operations
Discontinued operations | 12 Months Ended |
Dec. 31, 2019 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Discontinued Operations | Discontinued operations No operations were discontinued in 2019 , 2018 or 2017 . |
Interest income
Interest income | 12 Months Ended |
Dec. 31, 2019 | |
Interest income. | |
Interest income | Interest income Interest and similar income in the consolidated income statement comprises the interest accruing in the year on all financial assets with an implicit or explicit return, calculated by applying the effective interest method, irrespective of measurement at fair value; and the rectifications of income as a result of hedge accounting. Interest is recognised gross, without deducting any tax withheld at source. The detail of the main interest and similar income items earned in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Loans and advances, central banks 1,314 1,320 1,881 Loans and advances, credit institutions 1,785 1,555 1,840 Debt instruments 6,378 6,429 7,141 Loans and advances, customers 46,180 43,489 43,640 Other interest 1,128 1,532 1,539 56,785 54,325 56,041 Most of the interest and similar income was generated by the Group’s financial assets that are measured either at amortised cost or at fair value through Other comprehensive income. |
Interest expense
Interest expense | 12 Months Ended |
Dec. 31, 2019 | |
Interest expense. | |
Interest expense | Interest expense Interest expense and similar charges in the consolidated income statement includes the interest accruing in the year on all financial liabilities with an implicit or explicit return, including remuneration in kind, calculated by applying the effective interest method, irrespective of measurement at fair value; the rectifications of cost as a result of hedge accounting; and the interest cost attributable to provisions recorded for pensions. The detail of the main items of interest expense and similar charges accrued in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Central banks deposits 468 421 216 Credit institution deposits 2,576 2,588 2,037 Customer deposits 10,137 9,062 11,074 Debt securities issued and subordinated liabilities 6,679 6,073 6,651 Marketable debt securities 6,034 5,303 5,685 Subordinated liabilities (Note 23) 645 770 966 Provisions for pensions (Note 25) 145 186 198 Lease Liabilities 273 9 8 Other interest expense 1,224 1,645 1,561 21,502 19,984 21,745 Most of the interest expense and similar charges was generated by the Group’s financial liabilities that are measured at amortised cost. |
Dividend income
Dividend income | 12 Months Ended |
Dec. 31, 2019 | |
Dividend income Abstract | |
Dividend income | Dividend income Dividend income includes the dividends and payments on equity instruments out of profits generated by investees after the acquisition of the equity interest. The detail of Income from dividends as follows: Million euros 2019 2018* 2017 Dividend income classified as: Financial assets held for trading 388 241 234 Non-trading financial assets mandatorily at fair value through profit or loss 34 23 Financial assets available-for-sale 150 Financial assets at fair value through other comprehensive income 111 106 533 370 384 * See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Income from companies accounted
Income from companies accounted for using the equity method | 12 Months Ended |
Dec. 31, 2019 | |
Share of profit (loss) of associates and joint ventures accounted for using equity method [abstract] | |
Income from companies accounted for using the equity method | Income from companies accounted for using the equity method Income from companies accounted for using the equity method comprises the amount of profit or loss attributable to the Group generated during the year by associates and joint ventures. The detail of Income from companies accounted for using the equity method is as follows: Million euros 2019 2018 2017 Zurich Santander Insurance 197 194 241 WiZink Bank, S.A. — 56 36 Allianz Popular, S.L. 30 45 15 Companhia de Crédito, Financiamento e Investimento RCI Brasil 25 21 19 SAM Investment Holdings Limited — — 87 Project Quasar Investments 2017, S.L. (350 ) — — Other entities 422 421 306 324 737 704 |
Commission income
Commission income | 12 Months Ended |
Dec. 31, 2019 | |
Fee and commission income [abstract] | |
Commission income | Commission income Commission income comprises the amount of all fees and commissions accruing in favour of the Group in the year, except those that form an integral part of the effective interest rate on financial instruments. The detail of fee and commission income is as follows: Million euros 2019 2018 2017 Coming from collection and payment services: Bills 328 334 368 Demand accounts 1,382 1,371 1,490 Cards 3,858 3,514 3,515 Orders 478 475 449 Cheques and other 155 138 154 6,201 5,832 5,976 Coming from non-banking financial products: Investment funds 943 1,024 751 Pension funds 180 124 92 Insurance 2,631 2,433 2,517 3,754 3,581 3,360 Coming from Securities services: Securities underwriting and placement 364 283 374 Securities trading 281 251 302 Administration and custody 485 458 359 Asset management 293 305 251 1,423 1,297 1,286 Other: Foreign exchange 612 546 471 Financial guarantees 521 549 559 Commitment fees 293 291 283 Other fees and commissions 2,545 2,568 2,644 3,971 3,954 3,957 15,349 14,664 14,579 |
Commission expense
Commission expense | 12 Months Ended |
Dec. 31, 2019 | |
Fee and commission expense [abstract] | |
Commission expense | Commission expense Commission expense shows the amount of all fees and commissions paid or payable by the Group in the year, except those that form an integral part of the effective interest rate on financial instruments. The detail of commission expense is as follows: Million euros 2019 2018 2017 Commissions assigned to third parties 2,350 1,972 1,831 Cards 1,616 1,358 1,391 By collection and return of effects 12 11 12 Other fees assigned 722 603 428 Other commissions paid 1,220 1,207 1,151 Brokerage fees on lending and deposit transactions 27 42 49 Sales of insurance and pension funds 232 232 205 Other fees and commissions 961 933 897 3,570 3,179 2,982 |
Gains or losses on financial as
Gains or losses on financial assets and liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Gains or losses on financial assets and liabilities | |
Gains or losses on financial assets and liabilities | Gains or losses on financial assets and liabilities Gains/losses on financial assets and liabilities includes the amount of the Other comprehensive income of financial instruments, except those attributable to interest accrued as a result of application of the effective interest method and to allowances, and the gains or losses obtained from the sale and purchase thereof. a) Breakdown The detail, by origin, of Gains/losses on financial assets and liability: Million euros 2019 2018* 2017 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net (IFRS 9) 1,136 604 Financial assets at amortised cost 308 39 Other financial assets and liabilities 828 565 Of which: debt instruments 804 563 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net (IAS 39) 404 Of which financial assets available for sale 472 Of which: debt instruments 316 Of which: equity instruments 156 Gains or losses on financial assets and liabilities held for trading, net** 1,349 1,515 1,252 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 292 331 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net** (286 ) (57 ) (85 ) Gains or losses from hedge accounting, net (28 ) 83 (11 ) 2,463 2,476 1,560 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments. As explained in Note 45, the above breakdown should be analysed in conjunction with the exchange differences, net: Million euros 2019 2018 2017 Exchange differences, net (932 ) (679 ) 105 b) Financial assets and liabilities at fair value through profit or loss The detail of the amount of the asset balances is as follows: Million euros 2019 2018 2017 Loans and receivables: 59,624 56,323 40,875 Central banks 6,473 9,226 — Credit institutions 21,649 23,099 11,585 Customers 31,502 23,998 29,290 Debt instruments 36,402 36,609 39,836 Equity instruments 15,787 12,198 22,286 Derivatives 63,397 55,939 57,243 175,210 161,069 160,240 The Group mitigates and reduces this exposure as follows: • With respect to derivatives, the Group has entered into framework agreements with a large number of credit institutions and customers for the netting-off of asset positions and the provision of collateral for non-payment. At 31 December 2019 the actual credit risk exposure of the derivatives was EUR 32,552 million. • Loans and advances to credit institutions and Loans and advances to customers included reverse repos amounting to EUR 39,555 million at 31 December 2019 . Also, mortgage-backed assets totalled EUR 1,882 million. • Debt instruments include EUR 29,941 million of Spanish and foreign government securities. At 31 December 2019 the amount of the change in the year in the fair value of financial assets at fair value through profit or loss attributable to variations in their credit risk (spread) was not material. The detail of the amount of the liability balances is as follows: Million euros 2019 2018 2017 Deposits 57,111 65,304 84,724 Central banks 12,854 14,816 9,142 Credit institutions 9,340 10,891 18,458 Customer 34,917 39,597 57,124 Marketable debt securities 3,758 2,305 3,056 Short positions 14,123 15,002 20,979 Derivatives 63,016 55,341 57,892 Other financial liabilities 126 449 589 138,134 138,401 167,240 At 31 December 2019 , the amount of the change in the fair value of financial liabilities at fair value through profit or loss attributable to changes in their credit risk during the year is not material. In relation to liabilities designated at fair value through profit or loss where it has been determined at initial recognition that the credit risk is recorded in accumulated other comprehensive income (see Statement of recognised income and expense) the amount that the Group would be contractually obliged to pay on maturity of these liabilities at 31 December 2019 is EUR 26 million lower than their carrying amount (EUR 32 million at 31 December 2018). |
Exchange differences, net
Exchange differences, net | 12 Months Ended |
Dec. 31, 2019 | |
Foreign exchange rates [abstract] | |
Exchange differences, net | Exchange differences, net Exchange differences shows basically the gains or losses on currency dealings, the differences that arise on translations of monetary items in foreign currencies to the functional currency, and those disclosed on non-monetary assets in foreign currency at the time of their disposal. The Group manages the currencies to which it is exposed together with the arrangement of derivative instruments and, accordingly, the changes in this line item should be analysed together with those recognised under Gains/losses on financial assets and liabilities (see Note 44). |
Other operating income and expe
Other operating income and expenses | 12 Months Ended |
Dec. 31, 2019 | |
Other operating income and expenses | |
Other operating income and expenses | Other operating income and expenses Other operating income and Other operating expenses in the consolidated income statements include: Million euros 2019 2018 2017 Insurance activity 120 51 57 Income from insurance and reinsurance contracts issued 2,534 3,175 2,546 Of which: Insurance and reinsurance premium income 2,404 3,011 2,350 Reinsurance income (Note 15) 130 164 196 Expenses of insurance and reinsurance contracts (2,414 ) (3,124 ) (2,489 ) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (2,183 ) (2,883 ) (2,249 ) Reinsurance premiums paid (231 ) (241 ) (240 ) Other operating income 1,797 1,643 1,618 Non- financial services 379 367 472 Other operating income 1,418 1,276 1,146 Other operating expense (2,138 ) (2,000 ) (1,966 ) Non-financial services (351 ) (270 ) (302 ) Other operating expense: (1,787 ) (1,730 ) (1,664 ) Of which, credit institutions deposit guarantee fund and single resolution fund (911 ) (895 ) (848 ) (221 ) (306 ) (291 ) Most of the Bank’s insurance activity is carried on in life insurance. The amount of the Group recognises in relation to income from sub-leases of rights of use is not material. |
Personnel expenses
Personnel expenses | 12 Months Ended |
Dec. 31, 2019 | |
Average headcount and number of offices | |
Staff costs | Staff costs a) Breakdown The detail of Staff costs is as follows: Million euros 2019 2018 2017 Wages and salaries 9,020 8,824 8,879 Social Security costs 1,426 1,412 1,440 Additions to provisions for defined benefit pension plans (Note 25) 72 84 88 Contributions to defined contribution pension funds 292 287 271 Other Staff costs 1,331 1,258 1,369 12,141 11,865 12,047 b) Headcount The average number of employees in the Group, by professional category, was as follows: Average number of employees 2019 2018 2017 The Bank: Senior management* 20 22 64 Other line personnel 29,147 30,399 21,327 Clerical staff** — — — General services personnel** — — — 29,167 30,421 21,391 Rest of Spain 8,269 7,944 12,703 Santander UK plc 17,961 18,757 19,079 Banco Santander (Brasil) S.A. 47,253 46,645 46,210 Other companies*** 98,464 98,062 96,349 201,114 201,829 195,732 * During 2018, categories of deputy assistant executive vice president and above were no longer included. ** During 2017, clerical staff and general services personnel categories were no longer included, considering all the staff in the aforementioned categories on the Other line personnel category. *** Does not include staff affected by discontinued operations. The number of employees, at the end of 2019 , 2018 and 2017 , was 196,419 , 202,713 and 202,251 , respectively. The functional breakdown (final employment), by gender, at 31 December, 2019 is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Continental Europe 918 283 6,043 3,534 24,117 30,370 Latin America and Others 543 143 4,615 2,876 42,626 51,388 United Kingdom 99 31 1,076 496 8,870 13,391 1,560 457 11,734 6,906 75,613 100,149 The same information, expressed in percentage terms at 31 December, 2019 , is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Continental Europe 58.73 % 61.93 % 51.40 % 51.09 % 32.00 % 30.27 % Latin America and Others 34.92 % 31.29 % 39.44 % 41.74 % 56.23 % 56.39 % United Kingdom 6.35 % 6.78 % 9.16 % 7.18 % 11.77 % 13.34 % 100.00 % 100.00 % 100.00 % 100.00 % 100.00 % 100.00 % The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations. The number of employees in the Group with disabilities, distributed by professional categories, at 31 December, 2019 , is as follows: Number of employees* 2019 Senior management 6 Other management 92 Other staff 3,486 3,584 * An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33% . The amount does not include employees in the United States. The number of Group employees with disabilities at 2018 and 2017 , was 3,436 and 3,289 , respectively, (not including the United States). Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33% , during 2019 was 318 ( 241 and 209 employees during 2018 and 2017 ). At the end of fiscal year 2019 , there were 295 employees ( 304 and 211 employees at 31 December, 2018 and 2017 ). c) Share-based payments The main share-based payments granted by the Group in force at 31 December, 2019 , 2018 and 2017 are described below. i. Bank The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting. Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value. The plans that include share-based payments are as follows: (i) Deferred and Conditional Variable Remuneration Plan; (ii) Performance Shares Plan (iii) Deferred Multiyear Objectives Variable Remuneration Plan; (iv) Digital Transformation Award. The characteristics of the plans are set forth below: Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (i) Deferred and conditional variable remuneration plan (2014, 2015, 2016, 2017, 2018 and 2019) The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the fourth and the sixth cycles, and over three or five years for the fifth, seventh, eighth and ninth cycles, for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below. Beneficiaries: • Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as senior executives and employees who assume risks (third, fourth and fifth cycle) • In the case of the sixth, seventh, eighth and ninth cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fourth, fifth and sixth cycles (2014 to 2016), the accrual of deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations upon none of the following circumstances existing during the period prior to each of the deliveries, pursuant to the provisions set forth in each case in the plan regulations: i. Poor financial performance of the Group; ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks; iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards; or iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eight and ninth cycles (2017 to 2019), the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to no assumptions in which there is a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel, and at least the following factors must be considered: i. significant failures in risk management committed by the entity , or by a business unit or risk control unit; ii. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures; iii. Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity; and iv. Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions. Fourth and fifth cycles (2014 and 2015, respectively): • Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over 3 years (fourth cycle) or 5 years (fifth cycle). • Division managers, country heads, other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 3 years (fourth cycle) or 5 years (fifth cycle) • Other beneficiaries: 60% paid immediately and 40% deferred over 3 years. Sixth cycle (2016): • 60% of bonus will be paid immediately and 40% deferred over a three year period. Seventh, eight and ninth cycle (2017, 2018 and 2019): • Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years • Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50% paid over 5 years • Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years. (ii) Performance shares plans (2014 and 2015) The purpose is to instrument a portion of the variable remuneration of the executive directors and other members of the Identified Staff, consisting of a long-term incentive (ILP) in shares based on the Bank's performance over a multiannual period. In addition, the second cycle also applies to other Bank employees not included in the Identified Staff or Material Risk Takers, in respect of whom it is deemed appropriate that the potential delivery of Bank shares be included in their remuneration package in order to better align the employee's interests with those of the Bank. Beneficiaries i. Executive Directors and senior managers ii. Other Material Risk Takers or Identified Staff iii. Other beneficiaries in the case only of the second cycle (2015) In addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations, the delivery of shares to be paid on the ILP payment date based on compliance with the related multiannual target is conditional upon none of the following circumstances existing, in the opinion of the board of directors, subject to a proposal of the remuneration committee, during the period prior to each delivery: i. Poor financial performance of the Group; ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks; iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards; or iv. significant changes in the Group's economic capital or risk profile For the second cycle (2015), based on the maximum benchmark value (20%), at the proposal of the remuneration committee, the Board of Directors will set the maximum number of shares, the value in euros of which is called the "Agreed-upon Amount of the ILP", taking into account (i) the Group's earnings per share (EPS) and (ii) the Group's return on tangible equity (RoTE) for 2015 with respect to those budgeted for the year. The first cycle (2014) is subject to compliance of Relative Total Shareholder Return (TSR) metric measured against a group of 15 comparable institutions (the “peer group”) in the periods 2014-2015; 2014-2016; and 2014-2017. At the end of of 2017, the 2014 Performance Share Plan was fully terminated. For the second cycle (2015), the basis of calculation is the fulfilment of the following objectives: • Relative performance of the earning per share growth (EPS) growth of the Santander Group for the 2015-2017 period compared to a peer group of 17 credit institutions. • RoTE of the Santander Group for financial year 2017 • Employee satisfaction, measured by whether or not the corresponding Group company is included in the "Top 3" of the best banks to work for. • number of principal markets in which Santander is in the Top 3 of the best banks on the customer satisfaction index in 2017 • Retail loyal clients • SME and corporate loyal clients As a result of the process described above the board of directors approved, further to a proposal from the remuneration committee, a 65.67% achievement for the plan. This plan terminated in 2019. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018 and 2019) The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three or five years, for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of 3 years deferral) of the last three fifths (in the case of 5 years deferral) is also subject to long-term objectives. Beneficiaries Executive directors, senior managers and certain executives of the Group’s first lines of responsibility. In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations that none of The following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: i. Poor performance of the Group; ii. breach by the beneficiary of the internal regulations, including in particular that relating to risks; iii. material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations; Or iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018 and 2019 the accrual is conditioned, in addition to the beneficiary permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of instances of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, at least the following factors must be considered: i. Significant failures in risk management committed by the entity, or by a business unit or risk control unit; ii. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures; iii. Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity; and iv. Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions. Paid half in cash and half in shares. The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. First cycle (2016): • Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 year period. • Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a5 year period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 year period. The second, third and fourth cycles (2017, 2018 and 2019, respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three year and five year deferrals) are: • Earnings per share (EPS) growth in 2018 over 2015. • Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial year 2018. • Compliance with Santander Group’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third and fourth cycle (2017, 2018 and 2019) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three year and five year deferrals) are: • EPS growth in 2019, 2020 and 2021 (over 2016, 2017 and 2018, for each respective cycle) • Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018.-2019, respectively, and against a group of 9 entities (fourth cycle) for the 2019-2021 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020 and 2021, respectively. (iv) Digital Transformation Award (2019) The 2019 Digital Transformation Incentive (the “Digital Incentive”) is a variable remuneration system that includes the delivery of Santander shares and share options. The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent. The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros. The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform. Performance of incentive shall be measured based on achievement of the following milestones: 1. Launch of a Global Trade Services (GTS) platform. 2. Launch of a Global Merchant Services (GMS) platform 3. Migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets 4. Extension of SuperDigital in Brazil to at least one other country 5. Launch of our international payments app based on blockchain Pago FX to non-Santander customers. Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general malus & clawback provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Santander Group. In this regard, the board may define specific rules for non-Identified Staff After a review at the beginning of 2020 of the achievement levels of the approved objectives and underlying progress against them, the board of directors approved 83% funding of the 2019 award. The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five year deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three year deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. Vested share options can be exercised until maturity, with all options lapsing after ten years from granting ii. Santander UK plc The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows: Number of shares (in thousand) Exercise price in pounds sterling* Year granted Employee group Number of persons** Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 1 January 2017 24,762 Options granted (Sharesave) 17,296 4.91 2016 Employments 7,024 01/11/16 01/11/19 01/11/16 01/11/21 Options exercised (338 ) 3.67 Options cancelled (net) or not exercised (12,804 ) 3.51 Plans outstanding at 31 December 2017 28,916 Options granted (Sharesave) 3,916 4.02 2017 Employments 4,260 01/11/17 01/11/20 01/11/17 01/11/22 Options exercised (1,918 ) 3.77 Options cancelled (net) or not exercised (3,713 ) 3.4 Plans outstanding at 31 December 2018 27,201 Options granted (Sharesave) 6,210 3.46 2018 Employments 4,880 01/11/18 01/11/21 01/11/18 01/11/23 Options exercised (3,340 ) 3.16 Options cancelled (net) or not exercised (3,233 ) 3.76 Plans outstanding at 31 December 2019 26,838 * At 31 December, 2019 , 2018 , 2017 and 2016 , the euro/pound sterling exchange rate was EUR 1.1754 GBP 1 ; EUR 1.1179 GBP 1 , EUR 1.1271 GBP 1 and EUR 1.1680 GBP 1 , respectively. ** Number of accounts/contracts. A single employee may have more than one account/contract. In 2008 the Group launched a voluntary savings scheme for Santander UK employees (Sharesave Scheme) whereby employees who join the scheme in 2017 , 2018 and 2019 see deducted between GBP 5 and GBP 500 from their net monthly pay over a period of three or five years . When this period has ended, the employees may use the amount saved to exercise options on shares of the Bank at an exercise price calculated by reducing by up to 20% the average purchase and sale prices of the Bank shares in the three trading sessions prior to the approval of the scheme by the UK tax authorities (HMRC). This approval must be received within 21 to 41 days following the publication of the Group’s results for the first half of the year. This scheme was approved by the Board of Directors, at the proposal of the appointments and remuneration committee, and, since it involved the delivery of Bank shares, its application was authorized by the Annual General Meeting held on June 21, 2008. Also, the scheme was authorized by the UK tax authorities (HMRC) and commenced in September 2008. In subsequent years, at the Annual General Meetings held on June 19, 2009, June 11, 2010, June 17, 2011, March 30, 2012, March 22, 2013, March 28, 2014, March 27, 2015, March 18, 2016, April 7, 2017, March 23, 2018, and April 12, 2019, respectively, the shareholders approved the application of schemes previously approved by the board and with similar features to the scheme approved in 2008. iii. Fair value The fair value of the performance share plans was calculated as follows: a) Deferred variable compensation plan linked to multi-year objectives 2017 , 2018 and 2019 : The Group calculates at the grant date the fair value of the plan based on the valuation report of an independent expert, Willis Towers Watson. According to the design of the plan for 2017 , 2018 and 2019 and the levels of achievement of similar plans in comparable entities, the expert concludes that the reasonable range for estimating the initial achievement ratio is around 60% - 80% . It has been considered that the fair value is 70% of the maximum. d) Santander UK Sharesave plans: The fair value of each option at the date of grant is estimated using a partial differentiation equation model. This model uses assumptions on the share price, the EUR/GBP FX rate, the risk free interest rate, dividend yields, the expected volatility of the underlying shares and the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was £ 0.49 ( 2018 : £0.53 , 2017 : £1.02 ). |
Other general administrative ex
Other general administrative expenses | 12 Months Ended |
Dec. 31, 2019 | |
Other general administrative expenses | |
Other general administrative expenses | Other general administrative expenses a) Breakdown The detail of Other general administrative expenses is as follows: Million euros 2019 2018 2017 Property, fixtures and supplies 975 1,968 1,931 Technology and systems 2,161 1,550 1,257 Technical reports 677 707 759 Advertising 685 646 757 Taxes other than income tax 522 557 583 Communications 518 527 529 Surveillance and cash courier services 416 405 443 Per diems and travel expenses 226 225 217 Insurance premiums 86 76 78 Other administrative expenses 1,872 1,828 1,799 8,138 8,489 8,353 The payments associated with short-term leases (leases less than or equal to 12 months) and leases of low-value assets, that the Group recognises as an expense in the income statement is not material. b) Technical reports and other Technical reports includes the fees paid by the various Group companies (detailed in the accompanying Appendices) for the services provided by their respective auditors, the detail being as follows: Million euros 2019 2018 2017 Audit fees 98.2 92.1 88.1 Audit-related fees 7.4 6.8 6.7 Tax fees 0.7 0.9 1.3 All other fees 2.3 3.4 3.1 Total 108.6 103.2 99.2 The Audit fees heading includes mainly, audit fees for the Banco Santander, S.A. individual and consolidated financial statements, as the case may be, of the companies forming part of the Group, the integrated audits prepared for the annual report filling in the Form 20-F required by the U.S. Securities and Exchange Commission (SEC) for those entities currently required to do so, the internal control audit (SOx) for those required entities, the audit of the consolidated financial statements as of 30 June and, the regulatory reports required by the auditor corresponding to the different locations of the Santander Group. The main concepts included in Audit-related fees correspond to aspects such as the issuance of Comfort letters, or other reviews required by different regulations in relation to aspects such as, for example, Securitization. The services commissioned from the Group's auditors meet the independence requirements stipulated by the Audit Law, the US SEC rules and the Public Company Accounting Oversight Board (PCAOB), applicable to the Group, and they did not involve in any case the performance of any work that is incompatible with the audit function. Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR 227.6 million in 2019 ( 2018 : EUR 173.9 million; 2017 : EUR 115.6 million, respectively). The "Audit Fees" caption includes the fees corresponding to the audit for the year, regardless of the date on which the audit was completed. In the event of subsequent adjustments, which are not significant in any case, and for purposes of comparison, they are presented in this note in the year to which the audit relates. The rest of the services are presented according to their approval by the Audit Committee. c) Number of branches The number of offices at 31 December 2019 and 2018 is as follow: Number of branches Group 2019 2018 Spain 3,286 4,427 Group 8,666 8,790 11,952 13,217 |
Gains or losses on non financia
Gains or losses on non financial assets, net | 12 Months Ended |
Dec. 31, 2019 | |
Gains (losses) on disposals of non-current assets [abstract] | |
Gains or losses on non financial assets, net | Gains or losses on non financial assets, net The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follow: Million euros 2019 2018 2017 Gains: Tangible and intangible assets 131 124 134 Investments 1,219 2 443 Of which: Custody Business (Note 3) 989 — — Prisma 194 — — Allfunds Bank, S.A. (Note 3) — — 425 1,350 126 577 Losses: Tangible and intangible assets (55 ) (92 ) (43 ) Investments (4 ) (6 ) (12 ) (59 ) (98 ) (55 ) 1,291 28 522 |
Gains or losses on non-current
Gains or losses on non-current assets held for sale not classified as discontinued operations | 12 Months Ended |
Dec. 31, 2019 | |
Non-current assets held for sale | |
Gains or losses on non-current assets held for sale not classified as discontinued operations | Gains or losses on non-current assets held for sale not classified as discontinued operations The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows: Million euros Net balance 2019 2018 2017 Tangible assets (232 ) (123 ) (195 ) Impairment (Note 12) (146 ) (259 ) (306 ) Gain (loss) on sale (Note 12) (86 ) 136 111 Other gains and other losses — — (8 ) (232 ) (123 ) (203 ) |
Other disclosures
Other disclosures | 12 Months Ended |
Dec. 31, 2019 | |
Other disclosures | |
Other disclosures | Other disclosures a) Residual maturity periods and average interest rates The detail, by maturity, of the balances of certain items in the consolidated balance sheet is as follows: 31 December 2019 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at Central Banks and other deposits on demand 101,067 — — — — — — 101,067 0.70 % Financial assets at fair value through other comprehensive income — 6,933 2,704 7,689 19,101 17,989 68,429 122,845 Debt instruments — 6,879 2,699 7,554 17,489 17,063 66,721 118,405 3.07 % Loans and advances — 54 5 135 1,612 926 1,708 4,440 Customers — 54 5 135 1,612 926 1,708 4,440 1.84 % Financial assets at amortised cost 51,702 73,890 76,229 116,511 150,365 103,584 423,201 995,482 Debt instruments — 1,563 1,847 3,073 2,549 3,642 17,115 29,789 3.23 % Loans and advances 51,702 72,327 74,382 113,438 147,816 99,942 406,086 965,693 Central banks — 17,086 — — — — 1,388 18,474 4.78 % Credits institutions 17,665 6,223 4,602 7,435 3,963 428 627 40,943 1.04 % Customers 34,037 49,018 69,780 106,003 143,853 99,514 404,071 906,276 4.85 % 152,769 80,823 78,933 124,200 169,466 121,573 491,630 1,219,394 4.15 % Liabilities: Financial liabilities at amortised cost 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Deposits 607,051 76,101 61,627 111,190 64,781 14,224 7,443 942,417 Central banks 99 462 64 33,229 28,424 190 — 62,468 0.51 % Credit institutions 23,526 14,494 18,922 14,245 9,327 5,668 4,319 90,501 2.97 % Customer deposits 583,426 61,145 42,641 63,716 27,030 8,366 3,124 789,448 0.91 % Marketable debt securities* ** — 16,008 22,569 47,808 65,545 46,577 59,712 258,219 2.38 % Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 1.33 % Difference (assets less liabilities) (466,234 ) (18,380 ) (9,613 ) (34,920 ) 34,667 60,291 422,838 (11,351 ) * Includes promissory notes, certificates of deposit and other short-term debt issues. ** See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22). The Group’s net borrowing position with the ECB was EUR 22,704 million at 31 December 2019 , mainly because in last period the Group borrowed funds under the ECB's targeted longer-term refinancing operations (LTRO, TLTRO) programme. (see note 20). The Group has accounted as "On demand", those financial liabilities assumed, in which the counterparty may require the payments. In addition, when the Group is committed to have amounts available in different maturity periods, these amounts have been accounted for in the first year, in which they may be required. Additionally, for issued financial guarantee contracts, the Group has recorded the maximum amount of the financial guarantee issued, in the first year in which the guarantee could be executed. 31 December 2018* Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at Central Banks and other deposits on demand 113,663 — — — — — — 113,663 0.61 % Financial assets at fair value through other comprehensive income 1,886 6,023 3,329 12,873 19,432 10,705 64,172 118,420 Debt instruments 487 6,022 3,328 12,830 19,415 10,661 64,076 116,819 3.11 % Loans and advances 1,399 1 1 43 17 44 96 1,601 Customers 1,399 1 1 43 17 44 96 1,601 1.41 % Financial assets at amortised cost 46,247 56,818 71,627 102,036 134,697 107,921 426,753 946,099 Debt instruments 16 1,534 1,319 6,646 2,474 1,783 23,924 37,696 3.30 % Loans and advances 46,231 55,284 70,308 95,390 132,223 106,138 402,829 908,403 Central banks — 23 — 4 — — 15,574 15,601 6.07 % Credit institutions 10,092 5,389 6,711 6,003 5,314 947 1,024 35,480 1.66 % Customers 36,139 49,872 63,597 89,383 126,909 105,191 386,231 857,322 4.96 % 161,796 62,841 74,956 114,909 154,129 118,626 490,925 1,178,182 4.22 % Liabilities: Financial liabilities at amortised cost 545,284 87,782 93,293 127,522 182,670 56,927 78,152 1,171,630 Deposits 536,134 74,440 67,406 91,958 107,459 18,833 6,871 903,101 Central banks 304 2,130 2,629 507 64,433 2,520 — 72,523 0.39 % Credit institutions 15,341 13,413 24,724 16,384 8,759 6,412 4,646 89,679 2.19 % Customer deposits 520,489 58,897 40,053 75,067 34,267 9,901 2,225 740,899 0.90 % Marketable debt securities 237 11,347 18,817 33,536 71,805 37,919 70,653 244,314 2.59 % Other financial liabilities 8,913 1,995 7,070 2,028 3,406 175 628 24,215 545,284 87,782 93,293 127,522 182,670 56,927 78,152 1,171,630 1.30 % Difference (assets less liabilities) (383,488 ) (24,941 ) (18,337 ) (12,613 ) (28,541 ) 61,699 412,773 6,552 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2017 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at central banks and other deposits on demand 110,995 — — — — — — 110,995 0.53 % Financial assets available-for-sale 326 2,467 1,646 11,497 22,447 11,164 78,934 128,481 Debt instruments 326 2,467 1,646 11,497 22,447 11,164 78,934 128,481 4.34 % Loans and receivables 57,000 58,686 53,218 96,689 119,541 112,786 405,093 903,013 Debt instruments 249 1,381 997 2,073 2,317 1,656 8,870 17,543 3.06 % Loans and advances 56,751 57,305 52,221 94,616 117,224 111,130 396,223 885,470 Central banks — 3,948 1,446 4,811 — — 16,073 26,278 5.10 % Credits institutions 18,242 4,198 3,445 5,708 5,694 939 1,341 39,567 1.26 % Customers 38,509 49,159 47,330 84,097 111,530 110,191 378,809 819,625 5.44 % Held-to-maturity investments — — — 1,902 122 294 11,173 13,491 1.52 % 168,321 61,153 54,864 110,088 142,110 124,244 495,200 1,155,980 4.61 % Liabilities: Financial liabilities at amortised cost 537,604 75,161 87,939 130,672 136,487 83,542 74,664 1,126,069 Deposits 527,499 59,325 66,667 100,658 81,169 39,719 8,283 883,320 Central banks 450 2,015 681 2,715 42,988 22,565 — 71,414 0.24 % Credit institutions 20,870 15,263 13,350 25,406 6,501 5,247 4,663 91,300 2.40 % Customer deposits 506,179 42,047 52,636 72,537 31,680 11,907 3,620 720,606 2.00 % Marketable debt securities* 105 11,927 11,638 29,286 54,202 43,395 64,357 214,910 2.56 % Other financial liabilities 10,000 3,909 9,634 728 1,116 428 2,024 27,839 537,604 75,161 87,939 130,672 136,487 83,542 74,664 1,126,069 1.98 % Difference (assets less liabilities) (369,283 ) (14,008 ) (33,075 ) (20,584 ) 5,623 40,702 420,536 29,911 * Includes promissory notes, certificates of deposit and other short-term debt issues. The detail of the undiscounted contractual maturities of the existing financial liabilities at amortised cost at 31 December 2019 is as follows: 31 December 2019 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 603,126 75,899 61,107 109,747 63,013 14,027 7,228 934,147 Central banks 99 454 41 32,805 28,255 190 — 61,844 Credit institutions 23,348 14,491 18,810 14,134 8,519 5,478 4,113 88,893 Customer 579,679 60,954 42,256 62,808 26,239 8,359 3,115 783,410 Marketable debt securities — 16,252 22,912 48,030 64,650 45,830 58,215 255,889 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 615,078 99,245 88,369 157,899 132,136 60,338 67,080 1,220,145 31 December 2018* Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 532,915 74,320 67,169 91,766 106,935 18,439 6,540 898,084 Central banks 304 2,126 2,624 896 64,424 2,520 — 72,894 Credit institutions 15,257 13,413 24,698 16,288 8,552 6,085 4,427 88,720 Customer 517,354 58,781 39,847 74,582 33,959 9,834 2,113 736,470 Marketable debt securities 296 11,243 17,359 33,443 71,431 37,409 69,352 240,533 Other financial liabilities 8,913 1,995 7,070 2,028 3,406 175 628 24,215 542,124 87,558 91,598 127,237 181,772 56,023 76,520 1,162,832 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2017 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 526,059 57,490 89,249 99,780 64,977 32,365 8,157 878,077 Central banks 451 2,018 23,801 2,719 27,138 15,385 — 71,512 Credit institutions 20,378 14,903 13,035 24,807 6,348 5,123 4,553 89,147 Customer 505,230 40,569 52,413 72,254 31,491 11,857 3,604 717,418 Marketable debt securities 1,486 11,735 11,387 28,412 52,989 42,888 63,648 212,545 Other financial liabilities 10,001 3,908 9,634 728 1,116 428 2,024 27,839 537,546 73,133 110,270 128,920 119,082 75,681 73,829 1,118,461 Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2019 , 2018 and 2017 : 31 December 2019 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL ASSETS Financial assets held for trading 4,864 3,522 19,740 21,603 18,083 40,418 108,230 Derivatives 3,329 2,233 6,552 15,855 14,925 20,503 63,397 Equity instruments — — — — — 12,437 12,437 Debt instruments 1,531 1,289 13,188 5,748 3,141 7,144 32,041 Loans and advances 4 — — — 17 334 355 Credits institutions — — — — — — — Customers 4 — — — 17 334 355 Financial assets designated at fair value through profit or loss 24,110 13,167 7,602 5,175 3,878 8,137 62,069 Debt instruments 457 10 81 652 381 1,605 3,186 Loans and advances 23,653 13,157 7,521 4,523 3,497 6,532 58,883 Central banks 1,744 4,729 — — — — 6,473 Credit institutions 13,186 4,946 1,534 1,015 9 959 21,649 Customers 8,723 3,482 5,987 3,508 3,488 5,573 30,761 Non-trading financial assets mandatorily at fair value through profit or loss 272 — 4 11 117 4,507 4,911 Equity instruments — — — — — 3,350 3,350 Debt instruments — — — 11 117 1,047 1,175 Loans and advances 272 — 4 — — 110 386 Central banks — — — — — — — Credits institutions — — — — — — — Customers 272 — 4 — — 110 386 Financial assets at fair value through other comprehensive income — — — — — 2,863 2,863 Equity instruments — — — — — 2,863 2,863 Hedging derivatives 807 86 601 1,646 904 3,172 7,216 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 267 1 24 112 265 1,033 1,702 TOTAL FINANCIAL ASSETS 30,320 16,776 27,971 28,547 23,247 60,130 186,991 31 December 2019 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,851 3,427 7,130 17,244 16,905 21,582 77,139 Derivatives 2,672 1,973 6,591 16,965 16,023 18,792 63,016 Shorts positions 8,179 1,454 539 279 882 2,790 14,123 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 21,929 2,259 5,307 3,565 1,450 26,485 60,995 Deposits 21,904 2,225 4,909 2,429 780 24,864 57,111 Central banks 8,831 1,228 2,795 — — — 12,854 Credits institutions 4,133 521 1,857 2,132 11 686 9,340 Customers 8,940 476 257 297 769 24,178 34,917 Marketable debt securities* 14 34 398 1,021 670 1,621 3,758 Other financial liabilities 11 — — 115 — — 126 Hedging derivatives 1,997 337 848 678 528 1,660 6,048 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 26 53 59 122 269 TOTAL FINANCIAL LIABILITIES 34,780 6,029 13,311 21,540 18,942 49,849 144,451 * Includes promissory notes, certificates of deposit and other short-term debt issues (see Note 22). 31 December 2019 Million of euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 98,630 16,529 30,370 37,097 48,072 10,481 241,179 Financial guarantees granted 2,176 1,791 5,626 1,933 1,364 760 13,650 Other commitments granted 44,950 3,052 9,957 4,606 4,132 2,198 68,895 MEMORANDUM ITEMS 145,756 21,372 45,953 43,636 53,568 13,439 323,724 In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above. 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL ASSETS Financial assets held for trading 4,512 3,564 6,793 22,084 19,350 36,576 92,879 Derivatives 2,691 3,165 899 15,189 14,098 19,897 55,939 Equity instruments — — — — — 8,938 8,938 Debt instruments 1,821 399 5,894 6,895 5,252 7,539 27,800 Loans and advances — — — — — 202 202 Credits institutions — — — — — — — Customers — — — — — 202 202 Financial assets designated at fair value through profit or loss 21,598 13,045 5,625 5,215 4,065 7,912 57,460 Debt instruments 604 7 304 727 348 1,232 3,222 Loans and advances 20,994 13,038 5,321 4,488 3,717 6,680 54,238 Central banks 1,211 5,433 2,582 — — — 9,226 Credit institutions 14,587 4,131 778 1,327 579 1,695 23,097 Customers 5,196 3,474 1,961 3,161 3,138 4,985 21,915 Non-trading financial assets mandatorily at fair value through profit or loss 3,215 346 17 125 2 7,025 10,730 Equity instruments — — — — — 3,260 3,260 Debt instruments 1,876 20 — — 2 3,689 5,587 Loans and advances 1,339 326 17 125 — 76 1,883 Central banks — — — — — — — Credits institutions 2 — — — — — 2 Customers 1,337 326 17 125 — 76 1,881 Financial assets at fair value through other comprehensive income — — — — — 2,671 2,671 Equity instruments — — — — — 2,671 2,671 Hedging derivatives 609 166 474 2,167 957 4,234 8,607 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 106 7 20 28 59 868 1,088 TOTAL FINANCIAL ASSETS 30,040 17,128 12,929 29,619 24,433 59,286 173,435 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,473 3,351 1,104 16,123 16,457 22,835 70,343 Derivatives 2,897 2,874 822 14,323 14,956 19,469 55,341 Shorts positions 7,576 477 282 1,800 1,501 3,366 15,002 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 29,574 7,017 864 1,497 999 28,107 68,058 Deposits 29,522 6,947 627 531 455 27,222 65,304 Central banks 9,804 4,940 72 — — — 14,816 Credits institutions 8,809 949 271 188 229 445 10,891 Customers 10,909 1,058 284 343 226 26,777 39,597 Marketable debt securities 13 70 237 556 544 885 2,305 Other financial liabilities 39 — — 410 — — 449 Hedging derivatives 485 144 321 362 651 4,400 6,363 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 5 23 64 60 148 303 TOTAL FINANCIAL LIABILITIES 40,535 10,517 2,312 18,046 18,167 55,490 145,067 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 71,860 12,436 22,749 35,632 43,205 32,201 218,083 Financial guarantees granted 2,100 1,737 4,437 1,728 1,029 692 11,723 Other commitments granted 58,431 1,486 6,174 2,650 3,503 2,145 74,389 MEMORANDUM ITEMS 132,391 15,659 33,360 40,010 47,737 35,038 304,195 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 11,147 5,887 21,896 24,178 19,563 42,787 125,458 Derivatives 4,026 1,691 5,352 17,233 14,895 14,046 57,243 Equity instruments — — — — — 21,353 21,353 Debt instruments 4,253 1,706 11,850 6,529 4,662 7,351 36,351 Loans and advances 2,868 2,490 4,694 416 6 37 10,511 Credits institutions 1,216 1 63 416 — — 1,696 Customers 1,652 2,489 4,631 — 6 37 8,815 Financial assets designated at fair value through profit or loss 9,998 4,485 5,032 3,402 3,922 7,943 34,782 Equity instruments — — — — — 933 933 Debt instruments 19 120 850 667 579 1,250 3,485 Loans and advances 9,979 4,365 4,182 2,735 3,343 5,760 30,364 Central banks — — — — — — — Credits institutions 7,341 2,020 183 32 77 236 9,889 Customers 2,638 2,345 3,999 2,703 3,266 5,524 20,475 Financial assets at fair value through other comprehensive income — — — — — 4,790 4,790 Equity instruments — — — — — 4,790 4,790 Hedging derivatives 255 162 519 1,113 1,583 4,905 8,537 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 57 6 33 151 59 981 1,287 TOTAL FINANCIAL ASSETS 21,457 10,540 27,480 28,844 25,127 61,406 174,854 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 38,976 4,073 7,177 17,913 16,989 22,496 107,624 Derivatives 3,698 2,070 5,951 15,634 14,897 15,642 57,892 Shorts positions 8,060 468 1,226 2,279 2,092 6,854 20,979 Deposits 27,218 1,535 — — — — 28,753 Central banks 282 — — — — — 282 Credits institutions 292 — — — — — 292 Customers 26,644 1,535 — — — — 28,179 Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 30,152 5,166 1,635 1,251 1,120 20,292 59,616 Deposits 30,083 4,730 1,065 191 425 19,477 55,971 Central banks 6,038 2,077 745 — — — 8,860 Credits institutions 16,521 1,485 63 — 97 — 18,166 Customers 7,524 1,168 257 191 328 19,477 28,945 Marketable debt securities 69 436 570 471 695 815 3,056 Other financial liabilities — — — 589 — — 589 Hedging derivatives 40 79 180 493 677 6,575 8,044 Changes in the fair value of hedged items in portfolio hedges of interest rate risk — — 2 1 31 302 330 TOTAL FINANCIAL LIABILITIES 69,168 9,318 8,990 19,656 18,817 49,665 175,614 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 87,280 14,165 54,069 32,664 34,011 15,781 237,970 Financial guarantees granted 17,065 5,059 12,599 10,502 2,326 1,566 49,117 MEMORANDUM ITEMS 104,345 19,224 66,668 43,166 36,337 17,347 287,087 b) Equivalent euro value of assets and liabilities The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows: Equivalent value in million euros 2019 2018* 2017 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 65,205 — 61,372 — 67,025 — Financial assets/liabilities held for trading 60,526 45,262 56,217 40,989 82,004 76,459 Non-trading financial assets mandatorily at fair value through profit or loss 2,611 — 8,231 — Other financial assets/liabilities at fair value through profit or loss 25,938 29,593 32,244 35,997 7,322 21,766 Financial assets/liabilities available-for-sale 65,691 — Financial assets at fair value through other comprehensive income 76,402 — 67,926 — Financial assets at amortised cost 656,564 — 598,629 — Loans and receivables 553,301 Investments held-to-maturity 11,490 — Investments 1,355 — 1,189 — 1,121 — Tangible assets 24,662 — 19,903 — 15,971 — Intangible assets 21,942 — 23,016 — 23,499 — Financial liabilities at amortised cost — 752,188 — 694,362 — 638,680 Liabilities under insurance contracts — 13 — 29 — 58 Other 25,410 23,428 24,506 20,567 23,695 20,989 960,615 850,484 893,233 791,944 851,119 757,952 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). c) Fair value of financial assets and liabilities not measured at fair value The financial assets owned by the Group are measured at fair value in the accompanying consolidated balance sheet, except for cash, cash balances at central banks and other deposits on demand, loans and advances at amortised cost (IFRS 9) and the loans and receivables, held-to-maturity investments, equity instruments whose market value cannot be estimated reliably and derivatives that have these instruments as their underlyings and are settled by delivery thereof (IAS 39). Similarly, the Group’s financial liabilities -except for financial liabilities held for trading, those measured at fair value and derivatives other than those having as their underlying equity instruments whose market value cannot be estimated reliably- are measured at amortised cost in the accompanying consolidated balance sheet. Following is a comparison of the carrying amounts of the Group’s financial instruments measured at other than fair value and their respective fair values at year-end: i) Financial assets measured at other than fair value Million euros 2019 2018 2017 Assets Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Loans and advances 965,693 975,523 — 82,045 893,478 908,403 914,013 — 88,091 825,922 885,470 895,645 — 141,839 753,806 Debt instruments 29,789 30,031 10,907 9,971 9,153 37,696 38,095 20,898 11,246 5,951 31,034 31,094 10,994 13,688 6,412 995,482 1,005,554 10,907 92,016 902,631 946,099 952,108 20,898 99,337 831,873 916,504 926,739 10,994 155,527 760,218 ii) Financial liabilities measured at other than fair value Million euros 2019 2018 2017 Liabilities* Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Deposits 942,417 942,397 — 245,143 697,254 903,101 902,680 — 302,414 600,266 883,320 883,880 — 177,147 706,733 Debt instruments 258,219 266,784 84,793 149,516 32,475 244,314 247,029 72,945 143,153 30,931 214,910 221,276 52,896 139,301 29,079 1,200,636 1,209,181 84,793 394,659 729,729 1,147,415 1,149,709 72,945 445,567 631,197 1,098,230 1,105,156 52,896 316,448 735,812 * At 31 December, 2019, the Group had other financial liabilities that amounted to EUR 30,109 million, EUR 24,215 million in 2018 and EUR 27,839 million in 2017. The main valuation methods and inputs used in the estimates at 31 December 2019 of the fair values of the financial assets and liabilities in the foregoing table were as follows: • Loans and receivables: the fair value was estimated using the present value method. The estimates were made considering factors such as the expected maturity of the portfolio, market interest rates, spreads on newly approved transactions or market spreads -when available-. • Held-to-maturity investments: the fair value was calculated based on market prices for these instruments (only applicable as of 31 December 2017). • Financial liabilities at amortised cost: i) Deposits: the fair value of short term deposits was taken to be their carrying amount. Factors such as the expected maturity of the transactions and the Group’s current cost of funding in similar transactions are consider for the estimation of long term deposits fair value. It had been used also current rates offered for de posits of similar remaining maturities. ii) Marketable debt securities and subordinated liabilities: the fair value was calculated based on market prices for these instruments -when available- or by the present value method using market interest rates and spreads, as well as using any significant input which is not observable with market data if applicable. iii) The fair value of cash, cash balances at central banks and other deposits on demand was taken to be their carrying amount since they are mainly short-term balances. In addition, at 31 December 2017 , equity instruments amounting to EUR 1,211 million , (See note 2.d) recognised as Financial assets available-for-sale (IAS 39) were measured at cost in the consolidated balance sheet because it was not possible to estimate their fair value reliably, since they related to investments in entities not listed on organised markets and, consequently, the non-observable inputs were significant. d) Exposure of the Group to Europe’s peripheral countries The detail at 31 December 2019 , 2018 and 2017 , by type of financial instrument, of the Group’s sovereign risk exposure to Europe’s peripheral countries and of the short positions held with them, taking into consideration the criteria established by the European Banking Authority (EBA) (see Note 54) is as follows: Sovereign risk by country of issuer/borrower at 31 December 2019* Million euros Debt instruments MtM Derivatives*** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets at fair value through other comprehensive income Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at amortised cost Loans and advances to customers** Total net direct exposure Direct risk Indirect risk (CDS)s Spain 9,090 (3,886 ) 19,961 — 208 9,993 35,366 474 — Portugal 31 (777 ) 5,450 — 577 3,408 8,689 — — Italy 1,095 (452 ) 1,631 — 442 19 2,735 5 (5 ) Ireland — — — — — — — — — * Information prepared under EBA standards. Also, there are government debt instruments on insurance companies balance sheets amounting to EUR 14,517 million (of which EUR 12,756 million, EUR 1,306 million, EUR 453 million and EUR 2 million relate to Spain, Portugal, Italy and Ireland, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 6,299 million (of which EUR 5,808 million, EUR 224 million and EUR 267 million to Spain, Portugal and Italy, respectively). ** Presented without taking into account the valuation adjustments recognised (EUR 17 million). *** “Other than CDSs" refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Sovereign risk by country of issuer/borrower at 31 December 2018** Million euros* Debt instruments MtM Derivatives**** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets at fair value through other comprehensive income Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at amortised cost Loans and advances to customers*** Total net direct exposure Direct risk Indirect risk (CDS)s Spain 3,601 (2,458 ) 27,078 — 7,804 13,615 49,640 407 — Portugal 72 (115 ) 4,794 — 277 3,725 8,753 — — Italy 477 (681 ) — — 385 80 261 87 — Ireland — — — — — — — 2 — * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Information prepared under EBA standards. Also, there are government debt securities on insurance companies' balance sheets amounting to EUR 13,364 million (of which EUR 11,529 million, EUR 1,415 million, EUR 418 million and EUR 2 million relate to Spain, Portugal, Italy and Ireland, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 5,622 million (of which EUR 4,870 million, EUR 366 million and EUR 386 million to Spain, Portugal and Italy, respectively). *** Presented without taking into account the valuation adjustments recognised (EUR 34 million). **** “Other than CDSs" refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Sovereign risk by country of issuer/borrower at 31 December 2017* Million euros Debt instruments MtM Derivatives*** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets available-for-sale Loans and receivables Held-to- maturity investments Loans and advances to customers** Total net direct exposure**** Direct risk Indirect risk (CDS)s Spain 6,940 (2,012 ) 37,748 1,585 1,906 16,470 62,637 (21 ) — Portugal 208 (155 ) 5,220 232 3 3,309 8,817 — — Italy 1,962 (483 ) 4,613 — — 16 6,108 (5 ) 5 * Information prepared under EBA standards. Also, there are government debt securities on insurance companies’ balance sheets amounting to EUR 11,673 million (of which EUR 10,079 million, EUR 1,163 million and EUR 431 million relate to Spain, Portugal and Italy, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 3,596 million (EUR 3,010 million, EUR 146 million and EUR 440 million to Spain, Portugal and Italy, respectively). ** Presented without taking into account the Other comprehensive income recognised (EUR 31 million). *** Other than CDSs refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. CDSs refers to the exposure to CDSs based on the location of the underlying. **** EUR 19,601 million were included within the direct exposures of the balance sheet mainly from debt securities of Grupo Banco Popular S.A.U. The detail of the Group's other exposure to other counterparties (private sector, central banks and other public entities that are not considered to be sovereign risks) in the aforementioned countries at 31 December 2019 , 2018 and 2017 is as follows: Exposure to other counterparties by country of issuer/borrower at 31 December 2019*** Million euros Debt instruments MtM Derivatives** Balances with Reverse repurchase agreements Financial Financial Non-trading Financial Loans and Total net Other CDSs Spain 21,696 7,627 656 1,195 321 1,501 194,817 227,813 2,417 2 Portugal 2,814 409 190 32 — 2,956 33,403 39,804 931 — Italy 182 6,243 625 606 — 153 12,284 20,093 512 — Greece — — — — — — 12 12 — — Ireland — — 55 1,718 592 22 11,875 14,262 232 — * Also, the Group has off-balance-sheet exposure other than derivatives -contingent liabilities and commitments- amounting to EUR 77,468 million, EUR 7,749 million, EUR 4,948 million, EUR 201 million and EUR 996 million to counterparties in Spain, Portugal, Italy, Greece and Ireland, respectively. ** Presented without taking into account valuation adjustments or impairment corrections (EUR 7,322 million). *** “Other than CDSs” refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Exposure to other counterparties by country of issuer/borrower at 31 December 2018**** Million euros* Debt instruments MtM Derivatives*** Balances with Reverse repurchase agreements Financial Financial Non-trading Financial Loans and Total net Other CDSs Spain 42,655 8,117 412 1,760 320 2,662 202,149 258,075 3,880 (6 ) Portugal 1,369 — 11 90 — 3,821 33,596 38,887 1,132 — Italy 51 6,296 84 635 — — 10,830 17,896 253 — Greece — — — — — — 80 80 28 — Ireland — — 21 1,093 16 25 10,633 11,788 127 — * See reconciliation of IAS 39 as of 31 December, 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). ** Also, the Group has off-balance-sheet exposure other than derivatives -contingent liabilities and commitments- amounting to EUR 76,691 million, EUR 8,158 million, EUR 5,193 million, EUR 200 million and EUR 850 million to counterparties in Spain, Portugal, Italy, Greece and Ireland, respectively. *** Presented without taking into account valuation adjustments or impairment corrections (EUR 9,385 million). **** “Other than CDSs” refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Exposure to other counterparties by country of issuer/borrower at 31 December 2017* Million euros Debt instruments Derivatives*** Balances with central banks Reverse repurchase agreements Financial assets held for trading and financial assets designated at fair value through profit or loss Financial assets available-for-sale Loans and receivables Inv |
Primary and secondary segments
Primary and secondary segments reporting | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
Primary and secondary segments reporting | Primary and secondary segments reporting The segment reporting is based on financial information presented to the chief operating decision maker, which excludes certain items included in the statutory results that distort year-on-year comparisons and are not considered for management reporting purposes. This financial information (“underlying basis”) is computed by adjusting reported results for the effects of certain gains and losses (e.g.: capital gains, write-downs, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to understand better the underlying trends in the business. The Group has aligned the information in this operating segment Note in a manner consistent with the underlying information used internally for management reporting purposes and with that presented throughout the Group’s other public documents. The Group executive committee has been determined to be the chief operating decision maker for the Group. The Group’s operating segments reflect its organizational and management structures. The Group executive committee reviews the Group’s internal reporting based around these segments in order to assess performance and allocate resources. The segments are differentiated by the geographical area where profits are earned and by type of business. The financial information of each reportable segment is prepared by aggregating the figures for the Group’s various geographic areas and business units. Our results are affected by the change in our reported segments resulting from new criteria to measure our segments´ profits or loss and from the new composition of our segments starting with the financial information for the first half 2019 to reflect our current reporting structure. The main changes, which have been applied to all segment information for all periods included in the consolidated financial statements, are the following: i. Primary segments • Creation of the new geographic segment Europe that includes the existing units under the previous Continental Europe segment (Spain, Portugal, Poland and Santander Consumer Finance) plus the UK (that was previously a segment on its own. • Creation of the new geographic segment North America that comprises the existing units under the previous US segment plus Mexico. • Creation of the new geographic segment South America that comprises the existing units under the previous Latin America segment except for Mexico. • Creation of a new reporting unit segment, Santander Global Platform, which includes our global digital services under a single unit: – Our fully digital native bank Openbank S.A. and Open Digital Services, S.L. – Global Payments Services: payments platform to better serve our customers with value propositions developed globally, including Global Merchant Services, Global Trade Services, Superdigital y Pago FX. – Digital Assets: common digital assets and Centres of Digital Expertise which help our banks in their digital transformation. ii. Secondary segments • The Real Estate Activity Spain unit, that was previously a segment reported on its own, is now included in Retail Banking. • The insurance business, previously included in Retail Banking, is now included in the Wealth Management segment, which was renamed Wealth Management & Insurance. • The new digital segment (Santander Global Platform) is also incorporated as a secondary segment. • Finally, the change in reported segments also includes adjustments of the clients of the Global Customer Relationship Model between Retail Banking and Santander Corporate & Investment Banking and between Retail Banking and Wealth Management & Insurance. After these changes, the operating business areas are structured in two levels: a) Primary segments This primary level of segmentation, which is based on the Group's management structure, comprises five reportable segments: four operating areas plus the Corporate Center. The operating areas, are: Europe, South America, North America and Santander Global Platform. The Europe area encompasses all the business activities carried on in the region, including the business activities carried on by the various Group units and branches with a presence in the UK. The North America area includes all the financial activities carried on by the Group through its banks and subsidiaries in Mexico and the United States; activities in the US include the holding company (SHUSA) and the businesses of Santander Bank, National Association, Santander Consumer USA Holdings Inc., Banco Santander Puerto Rico, Banco Santander International's specialised unit and the New York branch. The South America area includes all the financial activities carried on by the Group through its banks and subsidiaries in the region. The Santander Global Platform segment consolidates all global digital initiatives. The Group has considered the aggregation criteria of IFRS8 for purposes of identifying these reportable segments. The Corporate Centre segment includes the centralised management business relating to financial investments, financial management of the structural currency position, within the remit of the Group's corporate asset and liability management committee, and management of liquidity and equity through issues. With regard to the balance sheet, due to the required segregation of the various business units (included in a single consolidated balance sheet), the amounts lent and borrowed between the units are shown as increases in the assets and liabilities of each business. These amounts relating to intra-Group liquidity are eliminated and are shown in the Intra-Group eliminations column in the table below in order to reconcile the amounts contributed by each business unit to the consolidated Group's balance sheet. There are no customers located in any of the areas that generate income exceeding 10% of Total income. The condensed balance sheets and income statements of the various primary segments are as follows: Million euros 2019 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,057,038 223,857 253,804 10,234 168,352 (190,590 ) 1,522,695 Loans and advances to customers 676,904 133,726 125,122 702 5,764 — 942,218 Cash, balances at central banks and credit institutions and other deposits on demand 180,389 22,885 51,360 9,063 32,803 (107,894 ) 188,606 Debt instruments 104,381 33,746 45,619 10 840 — 184,596 Other financial assets 53,893 10,759 14,802 187 2,406 — 82,047 Other asset accounts 41,471 22,741 16,901 272 126,539 (82,696 ) 125,228 Total Liabilities 1,000,905 199,955 231,321 9,760 77,989 (107,894 ) 1,412,036 Customer deposits 600,380 98,915 114,817 9,460 793 — 824,365 Central banks and credit institutions 189,791 38,942 41,989 82 12,253 (107,894 ) 175,163 Marketable debt securities 133,544 44,098 29,840 — 54,495 — 261,977 Other financial liabilities*** 60,807 11,763 34,062 106 636 — 107,374 Other liabilities accounts**** 16,383 6,237 10,613 112 9,812 — 43,157 Total Equity 56,133 23,902 22,483 474 90,363 (82,696 ) 110,659 Other customer funds under management 86,558 14,319 76,023 — 11 — 176,911 Investment funds 62,203 11,703 69,071 — 11 — 142,988 Pension funds 11,746 98 — — — — 11,844 Assets under management 12,609 2,518 6,952 — — — 22,079 Other non-managed marketed customer funds 33,107 15,872 60 450 — — 49,489 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. Million euros 2018 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,020,737 200,919 237,480 8,781 170,614 (179,260 ) 1,459,271 Loans and advances to customers 639,966 116,196 119,912 337 6,509 1 882,921 Cash, balances at central banks and credit institutions and other deposits on demand 172,298 28,845 48,318 8,168 39,840 (100,400 ) 197,069 Debt instruments 118,221 27,302 45,224 — 377 — 191,124 Other financial assets* 49,263 9,974 9,311 146 2,113 1 70,808 Other asset accounts** 40,989 18,602 14,715 130 121,775 (78,862 ) 117,349 Total Liabilities 966,727 179,046 215,605 8,492 82,439 (100,399 ) 1,351,910 Customer deposits 571,834 91,895 108,248 8,284 235 — 780,496 Central banks and credit institutions 192,685 26,048 38,584 111 30,879 (100,398 ) 187,909 Marketable debt securities 129,574 43,758 31,504 — 41,783 — 246,619 Other financial liabilities*** 53,687 11,379 28,570 38 1,334 (1 ) 95,007 Other liabilities accounts**** 18,947 5,966 8,699 59 8,208 — 41,879 Total Equity 54,010 21,873 21,875 289 88,175 (78,861 ) 107,361 Other customer funds under management 76,524 12,785 68,172 367 7 — 157,855 Investment funds 55,239 10,436 61,515 367 7 — 127,564 Pension funds 11,062 98 — — — — 11,160 Assets under management 10,223 2,251 6,657 — — — 19,131 Other non-managed marketed customer funds 28,555 13,528 128 — — — 42,211 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. Million euros 2017 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,023,053 172,591 235,144 7,372 157,126 (150,981 ) 1,444,305 Loans and advances to customers 623,604 98,424 121,467 92 5,326 2 848,915 Cash, balances at central banks and credit institutions and other deposits on demand 155,203 23,256 46,131 7,128 25,897 (69,190 ) 188,425 Debt instruments 125,848 27,519 44,148 68 1,768 — 199,351 Other financial assets* 64,608 8,996 8,599 — 2,116 — 84,319 Other asset accounts** 53,790 14,396 14,799 84 122,019 (81,793 ) 123,295 Total Liabilities 966,064 152,455 211,148 7,135 69,860 (69,190 ) 1,337,472 Customer deposits 576,072 81,581 112,874 6,981 222 — 777,730 Central banks and credit institutions 179,057 24,131 31,366 63 24,887 (69,190 ) 190,314 Marketable debt securities 122,325 31,344 29,267 — 35,030 — 217,966 Other financial liabilities*** 67,041 10,183 28,403 44 1,628 — 107,299 Other liabilities accounts**** 21,569 5,216 9,238 47 8,093 — 44,163 Total Equity 56,989 20,136 23,996 237 87,266 (81,791 ) 106,833 Other customer funds under management 82,287 12,790 70,811 686 — — 166,574 Investment funds 60,254 10,371 64,514 610 — — 135,749 Pension funds 11,490 — — 76 — — 11,566 Assets under management 10,543 2,419 6,297 — — — 19,259 Other non-managed marketed customer funds 27,790 13,561 47 — — — 41,398 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. The condensed income statements for the primary segments are as follows: Million euros 2019 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate centre Total Net interest income 14,201 8,926 13,316 92 (1,252 ) 35,283 Net fee income 5,260 1,776 4,787 6 (50 ) 11,779 Gains (losses) on financial transactions* 1,036 230 565 (3 ) (297 ) 1,531 Other operating income** 504 672 (243 ) (14 ) (18 ) 901 Total income 21,001 11,604 18,425 81 (1,617 ) 49,494 Administrative expenses, depreciation and amortisation (11,044 ) (4,967 ) (6,656 ) (240 ) (373 ) (23,280 ) Net operating income*** 9,957 6,637 11,769 (159 ) (1,990 ) 26,214 Net loan-loss provisions**** (1,839 ) (3,656 ) (3,789 ) (1 ) (36 ) (9,321 ) Other gains (losses) and provisions***** (768 ) (205 ) (748 ) (6 ) (237 ) (1,964 ) Operating profit/(loss) before tax 7,350 2,776 7,232 (166 ) (2,263 ) 14,929 Tax on profit (1,979 ) (683 ) (2,644 ) 46 157 (5,103 ) Profit from continuing operations 5,371 2,093 4,588 (120 ) (2,106 ) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 5,371 2,093 4,588 (120 ) (2,106 ) 9,826 Non-controlling interests 493 426 664 — (9 ) 1,574 Attributable profit to the parent 4,878 1,667 3,924 (120 ) (2,097 ) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2018 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate Centre Total Net interest income 14,204 8,154 12,891 79 (987 ) 34,341 Net fee income 5,434 1,615 4,497 7 (68 ) 11,485 Gains (losses) on financial transactions* 1,114 173 498 — 12 1,797 Other operating income** 505 534 (212 ) (12 ) (14 ) 801 Total income 21,257 10,476 17,674 74 (1,057 ) 48,424 Administrative expenses, depreciation and amortisation (11,166 ) (4,488 ) (6,557 ) (142 ) (426 ) (22,779 ) Net operating income*** 10,091 5,988 11,117 (68 ) (1,483 ) 25,645 Net loan-loss provisions**** (1,572 ) (3,449 ) (3,737 ) — (115 ) (8,873 ) Other gains (losses) and provisions***** (1,027 ) (202 ) (663 ) (2 ) (101 ) (1,995 ) Operating profit/(loss) before tax 7,492 2,337 6,717 (70 ) (1,699 ) 14,777 Tax on profit (2,020 ) (599 ) (2,642 ) 17 14 (5,230 ) Profit from continuing operations 5,472 1,738 4,075 (53 ) (1,685 ) 9,547 Net profit from discontinued operations — — — — — — Consolidated profit 5,472 1,738 4,075 (53 ) (1,685 ) 9,547 Non-controlling interests 424 434 624 1 — 1,483 Attributable profit to the parent 5,048 1,304 3,451 (54 ) (1,685 ) 8,064 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2017 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate Centre Total Net interest income 13,529 8,170 13,383 63 (849 ) 34,296 Net fee income 5,163 1,721 4,744 7 (38 ) 11,597 Gains (losses) on financial transactions* 907 159 863 — (225 ) 1,704 Other operating income** 463 370 69 (11 ) (94 ) 797 Total income 20,062 10,420 19,059 59 (1,206 ) 48,394 Administrative expenses, depreciation and amortisation (10,454 ) (4,580 ) (7,339 ) (67 ) (477 ) (22,917 ) Net operating income*** 9,608 5,840 11,720 (8 ) (1,683 ) 25,477 Net loan-loss provisions**** (1,313 ) (3,685 ) (4,067 ) — (46 ) (9,111 ) Other gains (losses) and provisions***** (1,207 ) (129 ) (1,290 ) (6 ) (181 ) (2,813 ) Operating profit/(loss) before tax 7,088 2,026 6,363 (14 ) (1,910 ) 13,553 Tax on profit (1,980 ) (486 ) (2,156 ) 2 32 (4,588 ) Profit from continuing operations 5,108 1,540 4,207 (12 ) (1,878 ) 8,965 Net profit from discontinued operations — — — — — — Consolidated profit 5,108 1,540 4,207 (12 ) (1,878 ) 8,965 Non-controlling interests 408 422 620 — (1 ) 1,449 Attributable profit to the parent 4,700 1,118 3,587 (12 ) (1,877 ) 7,516 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. b) Secondary segments At this secondary level of segment reporting, the Group is structured into Retail Banking, Santander Corporate & Investment Banking (SCIB), Wealth Management & Insurance and Santander Global Platform; the sum of these segments is equal to that of the primary geographical reportable segments and total figures for the Group are obtained by adding the data for the Corporate Centre. Considering the aforementioned information, the business segments are now conformed as follows: • Retail Banking: this covers all customer banking businesses, including consumer finance, except those of corporate banking, which are managed through Santander Corporate & Investment Banking, and asset management, private banking and insurance, which are managed by Wealth Management & Insurance. The results of the hedging positions in each country are also included, conducted within the sphere of each one’s assets and liabilities committee. • Santander Corporate & Investment Banking (SCIB): This business reflects revenue from global corporate banking, investment banking and markets worldwide including treasuries managed globally (always after the appropriate distribution with Retail Banking customers), as well as equities business. • Wealth Management & Insurance: Includes the asset management business (Santander Asset Management, S.A., S.G.I.I.C.), the insurance business, the corporate unit of Private Banking and International Private Banking in Miami and Switzerland. • Finally, the Santander Global Platform segment includes in a single unit all global digital initiatives. Although the Santander Global Platform and the Wealth Management & Insurance business segments do not meet the quantitative thresholds defined in IFRS 8, such segments are considered reportable by the Group and separately disclosed because the Group management believes that information about these segments is useful to users of the financial statements. There are no customers in any of the business segments that generate income exceeding 10% of total income. The condensed income statements are as follows: Million euros 2019 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance Santander Global Platform Corporate centre Total Net interest income 33,157 2,721 565 92 (1,252 ) 35,283 Net fee income 9,094 1,528 1,201 6 (50 ) 11,779 Gains (losses) on financial transactions* 975 740 116 (3 ) (297 ) 1,531 Other operating income** 297 295 341 (14 ) (18 ) 901 Total income 43,523 5,284 2,223 81 (1,617 ) 49,494 Administrative expenses, depreciation and amortisation (19,481 ) (2,275 ) (911 ) (240 ) (373 ) (23,280 ) Net operating income*** 24,042 3,009 1,312 (159 ) (1,990 ) 26,214 Net loan-loss provisions**** (9,154 ) (155 ) 25 (1 ) (36 ) (9,321 ) Other gains (losses) and provisions***** (1,623 ) (86 ) (12 ) (6 ) (237 ) (1,964 ) Operating profit/(loss) before tax 13,265 2,768 1,325 (166 ) (2,263 ) 14,929 Tax on profit (4,156 ) (838 ) (312 ) 46 157 (5,103 ) Profit from continuing operations 9,109 1,930 1,013 (120 ) (2,106 ) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 9,109 1,930 1,013 (120 ) (2,106 ) 9,826 Non-controlling interests 1,361 169 53 — (9 ) 1,574 Attributable profit to the parent 7,748 1,761 960 (120 ) (2,097 ) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2018 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance Santander Global Platform Corporate Centre Total Net interest income 32,261 2,461 527 79 (987 ) 34,341 Net fee income 8,870 1,534 1,142 7 (68 ) 11,485 Gains (losses) on financial transactions* 756 898 131 — 12 1,797 Other operating income** 344 184 299 (12 ) (14 ) 801 Total income 42,231 5,077 2,099 74 (1,057 ) 48,424 Administrative expenses, depreciation and amortisation (19,237 ) (2,101 ) (873 ) (142 ) (426 ) (22,779 ) Net operating income*** 22,994 2,976 1,226 (68 ) (1,483 ) 25,645 Net loan-loss provisions**** (8,549 ) (199 ) (10 ) — (115 ) (8,873 ) Other gains (losses) and provisions***** (1,791 ) (97 ) (4 ) (2 ) (101 ) (1,995 ) Operating profit/(loss) before tax 12,654 2,680 1,212 (70 ) (1,699 ) 14,777 Tax on profit (4,144 ) (832 ) (285 ) 17 14 (5,230 ) Profit from continuing operations 8,510 1,848 927 (53 ) (1,685 ) 9,547 Net profit from discontinued operations — — — — — — Consolidated profit 8,510 1,848 927 (53 ) (1,685 ) 9,547 Non-controlling interests 1,272 157 52 1 1 1,483 Attributable profit to the parent 7,238 1,691 875 (54 ) (1,686 ) 8,064 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2017 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Manageme |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of transactions between related parties [abstract] | |
Related parties | Related parties The parties related to the Group are deemed to include, in addition to its subsidiaries, associates and joint ventures, the Bank's key management personnel (the members of its board of directors and the executive vice presidents, together with their close family members) and the entities over which the key management personnel may exercise significant influence or control. Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's executive vice presidents, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognised. Million euros 2019 2018 2017 Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Assets: 9,659 — 26 104 7,202 — 30 256 6,048 — 21 300 Cash, cash balances at central banks and other deposits on demand 740 — — — — — — — — — — — Loans and advances: credit institutions 961 — — — 704 — — — 472 — — — Loans and advances: customers 6,950 — 26 104 6,142 — 30 256 5,081 — 21 279 Debt instruments 848 — — — 295 — — — 473 — — 21 Others 160 — — — 61 — — — 22 — — — Liabilities: 2,689 41 12 57 1,650 19 12 363 748 19 14 63 Financial liabilities: credit institutions 563 — — — 8 — — — 309 — — — Financial liabilities: customers 2,064 41 12 57 1,596 19 12 363 414 19 14 63 Marketable debt securities — — — — 8 — — — 4 — — — Others 62 — — — 38 — — — 21 — — — Income statement: 1,386 — — 2 993 — — 31 1,020 — — 14 Interest income 111 — — 1 73 — — 14 57 — — 8 Interest expense 15 — — — 3 — — 1 3 — — — Gains/losses on financial assets and liabilities and others 47 — — — 82 — — — 302 — — — Commission income 1,269 — — 1 853 — — 18 735 — — 6 Commission expense 26 — — — 12 — — — 71 — — — Other: 4,219 7 3 49 4,707 9 3 782 3,881 7 3 597 Contingent liabilities and others 17 5 2 38 21 7 1 508 6 6 1 352 Contingent commitments 197 1 1 6 393 1 2 64 301 1 2 60 Derivative financial instruments 4,005 1 — 5 4,293 1 — 210 3,574 — — 185 The remaining required information is detailed in Notes 5, 14 and 47.c. |
Risk management
Risk management | 12 Months Ended |
Dec. 31, 2019 | |
Risk management | |
Risk management | Risk management a) Cornerstones of the risk function Our risk principles are mandatory and must be followed at all times. They take into account regulatory requirements and market best practices. They are the following: 1. A strong risk culture (Risk Pro) , as part of ‘ The Santander Way ’, which is followed by all employees, covers all risks and promotes socially responsible management that contributes to Santander’s long-term sustainability. 2. All employees are responsible for managing risk. They must be aware of, and understand, the risks generated in their day-to-day activities, avoiding risks where the impacts are unknown or exceed the Group’s risk appetite limits. 3. Engagement of senior management , ensuring consistent management and control of risk through their conduct, actions and communication. They also promote our risk culture and assess its degree of implementation, overseeing that the risk profile is kept within the levels defined by the our risk appetite. 4. Independence of the risk management and control functions , consistent with the three lines of defence model. 5. A forward-looking and comprehensive approach to risk management and control across all businesses and risk types. 6. Complete and timely information management , enabling risks to be appropriately identified, assessed, managed and reported to the corresponding level. These principles, combined with a series of tools and processes that are embedded in the Group’s strategic planning, such as our risk appetite statement, risk profile assessment, scenario analysis, and our risk reporting structure, annual planning and budget process, provide a holistic control structure for the entire Group. 1. Main risks of the group's financial instruments The main risk categories in which the Group has its most significant current and/or potential exposures, thus facilitating the identification thereof, includes the following: • Credit risk: is the risk of financial loss arising from the default or credit quality deterioration of a customer or other third party, to which Santander has either directly provided credit or for which it has assumed a contractual obligation. • Market risk: is the risk incurred as a result of changes in market factors that affect the value of positions in the trading book. • Liquidity risk: is the risk that Santander does not have the liquid financial resources to meet its obligations when they fall due, or can only obtain them at high cost. • Structural Risk: is the risk arising from the management of different balance sheet items, not only in the banking book but also in relation to insurance and pension activities. It includes the risk of Santander not having an adequate amount or quality of capital to meet its internal business objectives, regulatory requirements or market expectations. • Operational risk: is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, including conduct risk. • Regulatory Compliance Risk: risk of non-compliance with legal and regulatory requirements as well as supervisors expectations, which may result in legal or regulatory sanctions, including fines or other financial implications. • Model Risk: is the risk of loss arising from inaccurate predictions, causing a sub-optimal decision, or from a model being implemented or used inappropriately. • Reputational Risk: the risk of current or potential negative economic impact to the Bank due to damage to its perception on the part of employees, customers, shareholders/investors and the wider community. • Strategic Risk: is the risk of loss or damage arising from strategic decisions or their poor implementation that impact the medium and long term interests of our key stakeholders, or from an inability to adapt to external developments . In addition, climate-change related risk drivers - whether physical or transition-led - have been identified as factors that could aggravate the existing risks in the medium and long term. The classification of risks is critical to ensure an effective risk management and control. All identified risks should be therefore referenced to the aforementioned risk categories in order to organise their management, control and related information. 2. Risk governance The Group has a robust risk governance structure, aimed at ensuring the effective control of its risk profile in accordance with the risk appetite defined by the board of directors. The board of directors is responsible for approving the general framework for risk management and control, including tax risks. This governance structure is underpinned by the distribution of roles among the three lines of defence, a robust structure of committees and a strong relationship between the Group and its subsidiaries. All supported by our Group-wide risk culture, Risk Pro . 2.1 Lines of defense At Santander, we follow a three lines of defence model to ensure effective risk management and control: • First line: Businesses and all other functions that originate risks make up the first line of defence. These functions must ensure that these risks are aligned with the approved risk appetite and associated limits. Any unit that originates risk has primary responsibility for the management of that risk. • Second line: Risk and Compliance & Conduct functions. Their role is to provide independent oversight and challenge to the risk management activities performed by the first line of defence. These functions ensure that risks are managed in accordance with the risk appetite defined by the board and promote a strong risk culture throughout the organisation. • Third line: The Internal Audit function, which regularly assesses policies, methodologies and procedures to ensure they are appropriate and effectively implemented for the management and control of all risks. The Risk, Compliance and Conduct and Internal Audit functions are separate and independent and have direct access to the board of directors and its committees. 2.2 Risk committee structure The board of directors is responsible for risk management and control and, in particular, for approving and periodically reviewing the risk appetite and the risk framework, as well as for promoting a strong risk culture across the whole organisation. In order to conduct these tasks, the board has the support of different committees, this is the case of the risk supervision , regulation and compliance committee and the Group’s executive committee , which have specific risk related responsibilities. The Group Chief Risk Officer (Group CRO) is responsible for the oversight of all risks and for challenging and advising the business lines on how they manage risks, with direct access and reporting to the board risk committee as well as to the board of directors. Other bodies that make up the highest level of risk governance, with authority delegated by the board of directors, are the executive risk committee and the risk control committee, details of which are provided below: • Executive risk committee (ERC) This committee is responsible for risk management, within the authorities delegated by the board. The committee makes risk taking decisions at the highest level, ensuring that they are within the established risk appetite limits for the Group. Chair: CEO. Composition: nominated executive directors and other Group senior management. Risk, Finance and Compliance & Conduct functions, among others, are represented. The Group CRO has the power of veto over the committee’s decisions. • Risk control committee (RCC) This committee is responsible for risk control, determining whether the risks originated by the business lines are managed within our risk appetite limits and providing a holistic view of all risks. This includes the identification and monitoring of both current and emerging risks, and evaluating their impact on the Group's risk profile. Chair: Group CRO. Composition: senior management members from the Risk, Compliance & Conduct, Finance, Accounting and Management Control functions are represented among others. Senior members of the Risk function (CROs) from the Group’s subsidiaries regularly take part to report their own risk profiles. Additionally, each risk factor has its own fora and/or regular meetings to manage and control the risks under their scope. Among others, they have the following responsibilities: • Advise the Group CRO and the risk control committee that risks are being managed in accordance with the Group’s risk appetite. • Carry out regular monitoring of each risk factor. • Oversee the measures adopted to comply with the expectations of the supervisors and internal and external auditors. For certain matters, the Group may establish specific additional governance. For example: • Following the UK’s decision to leave the EU, the Group and Santander UK set up steering committees and separate working groups to: i) monitor the Brexit process; ii) develop contingency plans; and iii) escalate and take decisions to minimise potential impacts on our business and customers. • In order to steer and supervise the review process of the interest rate benchmarks (which include among others EONIA, LIBOR and EURIBOR, with specific solutions for each of them: EONIA will be discontinued on January 2022, LIBOR is likely to cease in December 2021, while EURIBOR will remain as a compliant benchmark), the Group established the IBOR steering group. This group is responsible for driving the project's strategic direction and take the required decisions to ensure a correct transition across all Santander businesses and entities. The IBOR steering group operates in accordance with the methodology defined by the Group's Execution Project Office and is chaired by the project's global sponsor, the global head of SCIB, with the additional support of eight senior executives. 2.3 The Group’s relationship with subsidiaries regarding risk management In all our subsidiaries, the risk management and control model is aligned with the frameworks established by the Group’s board of directors. The local units adhere to them through their respective boards and adapt them to their own market conditions and regulation. In order to conduct the review of the aggregated oversight of all risks, the Group exercises a validation and challenge role with regard to the policies of the subsidiaries and transactions. This creates a common risk management and control model across the Group. The ‘Group-subsidiary governance model and good governance practices for subsidiaries’ sets up regular interaction and functional reporting by each local CRO to the Group CRO, as well as the latter’s participation in the appointments process, target setting and local CRO’s evaluation and remuneration, in order to ensure that risks are effectively controlled. To strengthen the relationship between the Group and its subsidiaries, various initiatives have been implemented in order to develop an advanced risk management model across the Group: • Promoting collaboration to accelerate the sharing of best practices, strengthen existing processes and accelerate innovation. • Talent identification in the risk teams, developing international mobility through the global risk talent programme. • Risk Subject Matter Experts: leveraging on our “best in class” experts across the Group. • Peer review: constructive review of specific matters within the risk function, performed by experts from different subsidiaries. 3. Management processes and tools To ensure that an effective risk management and control is carried out, the Group has defined several key processes that rely on a series of tools, which are described as follows: 3.1 Risk appetite and structure of limits The Group defines the risk appetite as the amount and type of risks that are considered prudent to assume for implementing our business strategy, so that the Group can maintain its ordinary activity in the event of unexpected circumstances. When establishing the risk appetite, adverse scenarios that could have a negative impact on capital and liquidity levels, profitability and/or the share price are taken into account. The risk appetite statement (RAS) is annually set by the board for the entire Group. Additionally, the boards of our subsidiaries also set their own risk appetite on an annual basis, aligned and embedded within the Group’s consolidated statement. Each subsidiary's statement is then further cascaded down in the form of management limits and policies by risk type, portfolio and activity segment. Santander risk appetite principles The following principles govern the Group’s risk appetite in all its subsidiaries: • Responsibility of the board and of senior management. The board is responsible for setting the risk appetite and for monitoring compliance with its requirements. • Holistic risk view (enterprise wide risk), risk profile backtesting and challenge. The risk appetite must consider all significant risks and facilitate an aggregate view of the risk profile through the use of quantitative metrics and qualitative indicators. • Forward-looking view . The risk appetite must consider the desirable risk profile for the short and medium term, taking into account both the most plausible circumstances and adverse/ stress scenarios. • Embedding and alignment with strategic and business plans. The risk appetite is an integral part of the strategic and business planning, which is embedded in the daily management by cascading down the aggregated limits to those set at portfolio level, subsidiary or business line, as well as through the key risk appetite processes. • Coherence across the various subsidiaries and a common risk language throughout the Group . Each subsidiary's risk appetite must be coherent with that of the Group. • Periodic review, backtesting and adoption of best practices and regulatory requirements . Monitoring and control mechanisms are established to ensure the risk profile is maintained, and the necessary corrective and mitigating actions are taken in the event of non-compliance. Limits structure, monitoring and control Risk appetite is expressed through qualitative statements and quantitative limits structured around 5 main axes: • Results volatility: - Maximum loss that the Group is willing to accept under a scenario of acute stress. • Solvency - Minimum capital position that the Group is willing to accept under a scenario of acute stress. - Maximum leverage the Group is willing to accept under a scenario of acute stress. • Liquidity - Minimum structural liquidity position. - Minimum liquidity horizon position that the Group is willing to accept under a scenario of acute stress. - Minimum liquidity coverage position. • Concentration: - Concentration in single names, sectors and portfolios. - Concentration in non-investment grade counterparties. - Concentration in large exposures. • Non-financial risks - Qualitative non-financial risk indicators: • Fraud. • Technological. • Security and cyber-risk. • Reputational. • Others. - Maximum operational risk losses. - Maximum risk profile. Compliance with risk appetite limits is regularly monitored. Specialised control functions report the appropriateness of the risk profile to the board and its committees on a monthly basis. Linkage between the risk appetite limits and those of the business units and portfolios is a key element for making the risk appetite an effective risk management tool. The management policies and structure of limits used to manage the different categories and types of risk are directly related to the principles and limits defined in the the risk appetite statement. 3.2. Risk profile assessment (RPA) The Group carries out identification and assessment tests on the different risks that it is exposed to, involving the different lines of defence, establishing management standards that not only meet regulatory requirements but also reflect best practices in the market and reinforce our risk culture. The results of these risk identification and assessment (RIA) exercises are integrated to evaluate the Group risk profile through the risk profile assessment (RPA). This exercise analyses the development of risks and identifies areas for improvement: • Risk performance , enabling the understanding of residual risk by risk type through a set of metrics and indicators calibrated using international standards. • Control environment assessment , measuring the degree of implementation of the target operating model, as part of our advanced risk management. • Forward-looking analysis, based on stress metrics and identification and/or assessment of the main threats to the strategic plan (Top risks), enabling specific action plans to be put in place to mitigate potential impacts and their monitoring. Based on this periodic identification and assessment exercises for the different risks, as of December 2019 the Group maintains a solid medium-low risk profile. In 2019, improvements were centred on three main areas: i) reviewing the control environment standards ii) risk performance indicators and their alignment with risk appetite metrics, and iii) enhancing the perimeter by integrating reputational risk as a cross layer in the risk profile assessment and strengthening the business performance area by enriching capital metrics. 3.3. Scenario analysis Another fundamental tool that is used by the Group to ensure an effective risk management and control is the analysis of potential impacts triggered by different scenarios related to the environment in which the Group operates. These scenarios are expressed both in terms of macroeconomic variables, as well as other variables that may affect our risk profile. This is usually known as “scenario analysis”, which is a robust and useful tool for risk management at all levels. It enables the Group to assess its resilience under stressed conditions and the identification of possible mitigating actions to be implemented in case the projected scenarios start to materialise. Its ultimate objective is to reinforce the stability of income, capital and liquidity. In this respect, the role of our Research and Public Policy team in terms of the generation of the different scenarios as well as the strict governance and control processes that these exercises are subject to, including their analysis and review by the senior management as well as the different divisions involved, including Internal Audit, are fundamental to ensure their quality. The robustness and consistency of the scenario analysis exercises are therefore based on the following pillars: • Development and integration of models that estimate the future performance of metrics, such as credit losses, based on historic information that can be internal to the Group and/or external from the market, as well as on simulation techniques. • Challenge and backtesting of model results to ensure their quality. • Inclusion of expert judgement and deep knowledge of our different portfolios. • Robust governance of the whole process, covering models, scenarios, assumptions and results rationale, as well as their impact in terms of management actions to be taken. The application of these pillars in the European Banking Authority (EBA) stress test exercise that is executed and reported biennially, has enabled Santander to satisfactorily meet the defined quantitative and qualitative requirements, contributing to the excellent results obtained by the Group. Applications of scenario analysis The EBA guidelines establish that scenario analysis should be integrated in the Group’s risk management framework and management processes. This requires a forward looking view in terms of risk management and capital and liquidity strategic planning. Scenario analysis is included in the Group’s risk framework, ensuring that any impact affecting its solvency or liquidity can be rapidly identified and addressed. With this objective in mind, a systematic review of the exposure to different types of risks is included, not only under the baseline scenario but also under various simulated adverse scenarios. The Group has a map of uses in place to strengthen their alignment across the different risk types, and to facilitate the continuous improvement of such uses. An additional fundamental goal is to reinforce the integration and synergies between the different regulatory and internal exercises. Scenario analysis forms an integral part of several key Group processes: • Regulatory uses: exercises conducted under the European regulatory guidelines or those of each local supervisor in those geographies where the Group operates. • Internal capital adequacy assessment (ICAAP) and liquidity assessment (ILAAP) in which, while the regulators define certain requirements, the Group develops its own methodology to assess its capital and liquidity levels under different stress scenarios to support planning and the effective management of these two critical aspects. • Risk appetite . This includes stressed metrics for which the Group defines maximum levels of losses (or minimum liquidity levels) that should not be exceeded. These exercises are related to those conducted for capital and liquidity, although they have different frequencies and present different granularity levels. • Climate change scenario analysis : the objective is to provide a scenario-based assessment of those risks and opportunities related to climate change. It is currently focused on the wholesale portfolio as a pilot. • Recurrent risk management in different processes/exercises: - Budget and strategic planning process , in the development of commercial risk approval policies, in the global risk assessment for senior management or in specific analysis regarding activity profiles or portfolios. - Identification of Top risks on the basis of a systematic process to identify and assess all risks which the Group is exposed to. These Top risks are selected and a macroeconomic or idiosyncratic scenario is associated with each one, to assess their potential impact on the Group. - Recovery plan , which is drawn up annually to establish the tools available to the Group to survive in the event of an extremely severe financial crisis. The plan sets out a series of financial and macroeconomic stress scenarios, with differing degrees of severity that include idiosyncratic and/or systemic events. - IFRS 9, since 1 January 2018, the processes, models and scenario analysis methodologies have been included in the regulatory provision requirements. 3.4. Risk Reporting Structure (RRS) The reporting model of the Group continues to be enhanced after the simplification and optimisation of processes, the quality controls implemented and the strengthening of our effective communication to senior management. Furthermore, the overall view of all risks has been consolidated, based on complete, precise and recurring information allowing the Group’s senior management to assess the risk profile and decide accordingly. The risk reporting of the Group taxonomy contains three types of reports that are released on a monthly basis: the Group risk report (which is distributed to senior management), the subsidiaries risk reports, and the reports on each of the risk factors identified in the Group’s risk framework. This taxonomy is characterised by the following: • All risk factors included in the Group’s risk framework are covered. • Balance between data, analysis and qualitative comments is maintained throughout the reports, including forward-looking measures, risk appetite information, limits and emerging risks. • The holistic view is combined with a deeper analysis of each risk factor and geographic area and region. • A homogenous structure and criteria, as each subsidiary may define its own reports following local standards. Therefore, a consolidated view is provided to enable the analysis of all risks based on common definitions • All the metrics reported follow RDA criteria, ensuring the quality and consistency of the data included in all risk reports. b) Credit risk 1. Introduction to the credit risk treatment In Santander, credit risk is defined as the risk that a financial loss will be incurred arising from the default or credit quality deterioration of a customer or other third party, with whom the Group has assumed a contractual obligation, including providing credit, that may therefore not be fulfilled. 2. Main aggregates and variations Following are the main aggregates relating to credit risk from our activities with customers: Main credit risk aggregates from customer business Main credit risk performance metrics from activity with customers December 2019 data Credit risk with customers * Non-performing loans NPL ratio 2019 2018 2017 2019 2018 2017 2019 2018 2017 Europe 722,661 688,810 671,776 23,519 25,287 27,964 3.25 3.67 4.16 Spain 213,668 227,401 237,327 14,824 16,651 18,270 6.94 7.32 7.70 UK 275,941 252,919 242,993 2,786 2,739 3,210 1.01 1.08 1.32 S. Consumer Finance 105,048 97,922 92,589 2,416 2,244 2,319 2.30 2.29 2.50 Portugal 37,978 38,340 39,394 1,834 2,279 2,959 4.83 5.94 7.51 Poland 33,566 30,783 24,391 1,447 1,317 1,114 4.31 4.28 4.57 North America 143,839 125,916 106,129 3,165 3,510 2,935 2.20 2.79 2.77 US 105,792 92,152 77,190 2,331 2,688 2,156 2.20 2.92 2.79 SBNA 56,640 51,049 44,237 389 450 536 0.69 0.88 1.21 SC USA 29,021 26,424 24,079 1,787 2,043 1,410 6.16 7.73 5.86 Mexico 38,047 33,764 28,939 834 822 779 2.19 2.43 2.69 South America 143,428 138,134 138,577 6,972 6,639 6,685 4.86 4.81 4.82 Brazil 88,893 84,212 83,076 4,727 4,418 4,391 5.32 5.25 5.29 Chile 42,000 41,268 40,406 1,947 1,925 2,004 4.64 4.66 4.96 Argentina 5,044 5,631 8,085 171 179 202 3.39 3.17 2.50 Santander Global Platform 706 340 96 4 4 4 0.63 1.21 4.56 Corporte Centre 5,872 4,953 5,369 138 252 8 2.34 5.09 0.15 Total Group 1,016,507 958,153 920,968 33,799 35,692 37,596 3.32 3.73 4.08 * Includes gross lending to customers, guarantees and documentary credits. Key figures by geographic region are described below: • Europe: NPL ratio decreases to 3.25% (- 42 bp compared to 2018), due to the significant decrease of non-performing loans in Spain and Portugal; and the slight increase in the UK and SCF, offset by a proportionally higher increase in total loans. • North America : NPL ratio down to 2.20% (- 59 bp vs 2018) due to the good performance of the region, especially in the US which fell by 72 bp, compared to 2018. • South America: NPL ratio stands at 4.86% , increasing in Brazil and Argentina (+ 7 bp and + 22 bp compared to 2018, respectively); and decreasing in Chile (-2 bp vs to 2018). Information on the estimation of impairment losses The Group estimates the impairment losses by calculating the expected loss at 12 months or for the entire life of the transaction, based on the stage in which each financial asset is classified in accordance with IFRS 9. Then, considering the most relevant units of the Group, which represent approximately 97% of the total Group's provisions. The table below shows the impairment losses associated with each stage as of 31 December 2019 and 2018. In addition, depending on the transactions credit quality, the exposure is divided into three grades (investment, speculation and default): Exposure and impairment losses by stage EUR million 2019 Credit Quality* Stage 1 Stage 2 Stage 3 Total Investment grade 552,763 5,532 — 558,295 Speculation grade 306,880 47,365 — 354,245 Default — — 31,363 31,363 Total Risk ** 859,643 52,897 31,363 943,903 Impairment losses*** 3,980 4,311 13,276 21,567 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2018 Credit Quality* Stage 1 Stage 2 Stage 3 Total Investment grade 685,507 7,176 — 692,683 Speculation grade 222,495 47,439 — 269,935 Default — — 30,795 30,795 Total Risk ** 908,002 54,616 30,795 993,412 Impairment losses 3,823 4,644 12,504 20,970 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. The remaining units that form the totality of the Group exposure, contributed EUR 38,174 million in stage 1, EUR 442 million in stage 2, and EUR 1,743 million in stage 3 (In 2018 EUR 151,906 million in stage 1, EUR 700 million in stage 2, and EUR 1,743 million in stage 3), and impairment losses of EUR 264 million in stage 1, EUR 306 million for stage 2, and EUR 91 million in stage 3 (In 2018 EUR 152 million, EUR 163 million and EUR 1,145 million in stage 1, stage 2 and stage 3, respectively). The rest of the exposure, including all financial instruments not included before, amounts to EUR 507.479 million , as this includes all undrawn authorized lines (loan commitments). In 2018, the rest of the exposure amounted to EUR 242.867 million , due to the fact that the undrawn authorized lines were included in the "Total Risk" reported in the previous tables. The reporting criterion has been updated in 2019 with regards to the undrawn authorized lines in order to align the exposure figures reported in this section to the rest of the report. In addition, at 31 December 2019 , the Group had EUR 706 million (31 December, 2018: EUR 757 million ) of purchased credit-impaired assets, which relate mainly to the business combinations carried out by the Group. Regarding the evolution of credit risk provisions, the Group, in collaboration with the main geographical areas, monitors them by carrying out sensitivity analyses considering changes in macroeconomic scenarios and main variables that have an impact on the financial assets distribution in the different stages and calculating credit risk provisions. Additionally, based on similar macroeconomic scenarios, the Group also performs stress tests and sensitivity analysis in a regular basis, such as ICAAP, strategic plans, budgets and recovery and resolution plans. In this sense, a prospective view of the sensitivity of each of the Group’s loan portfolio is created in relation to the possible deviation from the base scenario, considering both the macroeconomic developments in different scenarios and the three year evolution of the business. These tests include potentially adverse and favourable scenarios. The transactions classification into the different IFRS 9 stages is carried out in accordance with the regulation through the risk management policies of our subsidiaries, which are consistent with the risk management policies defined by the Group. In order to determine the classification in stage 2, the Group assesses whether there has been a significant increase in credit risk (SICR) since the initial recognition of the transactions, considering a series of common principles throughout the Group that guarantee that all financial instruments are subject to this assessment, which considers the particularities of each portfolio and type of product on the basis of various quantitative and qualitative indicators. Furthermore, transactions are subject to the expert judgement of the analysts, who set the thresholds under an effective integration in management. All is implemented according to the approved governance. The establishment of judgements and criteria thresholds used by the Group are based on a series of principles, and develop a set of techniques. The principles are as follows: • Universality: all financial instruments subject to a credit rating must be assessed for their possible Significant Increment Credit Risk (SICR). • Proportionality: the definition of the SICR must take into account the particularities of each portfolio • Materiality: its implementation must be also consistent with the relevance of each portfolio so as not to inclur in unnecessary costs or efforts. • Holistic vision: the approach selected must be a combination of the most relevant credit risk aspects (e.g. quantitative and qualitative). • Application of IFRS 9: the approach must take into consideration IFRS 9 characteristics, focusing on a comparison with credit risk at initial recognition, as well as considering forward-looking information. • Risk management integration: the criteria must be consistent with those metrics considered in the day-to-day risk management. • Documentation: Appropriate documentation must be prepared. The techniques are summarised below: • Stability of stage 2: in the absence of significant changes in the po |
Additional disclosures
Additional disclosures | 12 Months Ended |
Dec. 31, 2019 | |
Parent Company Financial Statements And Preference Shares And Preferred Securities [Abstract] | |
Additional Disclosures | 55. Additional disclosures This Note includes relevant information about additional disclosure requirements. 55.1 Parent company financial statements Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2019 , 2018 and 2017 CONDENSED BALANCE SHEETS (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) Assets Cash and due from banks 85,922 105,660 76,690 Of which: To bank subsidiaries 13,875 16,339 20,818 Trading account assets 86,583 70,825 64,326 Investment securities 44,020 61,064 49,194 Of which: To bank subsidiaries 9,504 11,084 6,474 To non-bank subsidiaries 3,450 4,581 3,729 Net Loans and leases 276,330 263,142 197,591 Of which: To non-bank subsidiaries 28,690 26,505 33,113 Investment in affiliated companies 87,330 81,734 85,428 Of which: To bank subsidiaries 59,364 69,118 65,567 To non-bank subsidiaries 27,966 12,616 19,861 Premises and equipment, net 7,131 2,410 1,929 Other assets 22,600 23,541 17,257 Total assets 609,916 608,376 492,415 Liabilities Deposits 345,975 350,786 256,389 Of which: To bank subsidiaries 14,705 18,526 20,391 To non-bank subsidiaries 15,518 13,655 13,115 Short-term debt 20,547 30,883 40,540 Long-term debt 83,906 75,600 53,023 Total debt 104,453 106,483 93,563 Of which: To bank subsidiaries — 2,874 1,138 To non-bank subsidiaries 1,667 998 2,966 Other liabilities 89,265 82,340 71,896 Total liabilities 539,693 539,609 421,848 Stockholders' equity Capital stock 8,309 8,118 8,068 Retained earnings and other reserves 61,914 60,649 62,499 Total stockholders' equity 70,223 68,767 70,567 Total liabilities and Stockholders’ Equity 609,916 608,376 492,415 In the financial statements of the Parent Company, investments in subsidiaries, jointly controlled entities and associates are recorded at cost. Following are the condensed statements of income of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 . Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) Interest income Interest from earning assets 8,009 7,660 5,733 Dividends from affiliated companies 5,959 3,872 3,320 Of which: From bank subsidiaries 3,019 2,874 2,580 From non-bank subsidiaries 2,940 998 740 13,968 11,532 9,053 Interest expense (4,108 ) (3,861 ) (3,204 ) Interest income / (Charges) 9,860 7,671 5,849 Provision for credit losses (1,246 ) (686 ) (451 ) Interest income / (Charges) after provision for credit losses 8,614 6,985 5,398 Non-interest income: 4,132 3,972 3,872 Non-interest expense: (9,168 ) (7,573 ) (6,293 ) Income before income taxes 3,578 3,384 2,977 Income tax expense (48 ) (83 ) 29 Net income 3,530 3,301 3,006 Following are the condensed statement of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 : Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) NET INCOME 3,530 3,301 3,006 OTHER COMPREHENSIVE INCOME 119 (410 ) (356 ) Items that may be reclassified subsequently to profit or loss 422 (348 ) (341 ) Financial assets available-for-sale — — (625 ) Revaluation gains/(losses) — — (283 ) Amounts transferred to income statement — — (342 ) Other reclassifications — — — Hedging instruments (items not designated) — — — Revaluation gains (losses) — — — Amounts transferred to income statement — — — Other reclassifications — — — Debt instruments at fair value with changes in other comprehensive income 724 (634 ) — Revaluation gains (losses) 698 (135 ) — Amounts transferred to income statement (592 ) (499 ) — Other reclassifications 618 — — Cash flow hedges: (117 ) 137 (7 ) Revaluation gains/(losses) (205 ) 153 (7 ) Amounts transferred to income statement 88 (16 ) — Amounts transferred to initial carrying amount of hedged items — — — Other reclassifications — — — Hedges of net investments in foreign operations: — — — Exchange differences — — — Non-current assets held for sale — — — Income tax (185 ) 149 291 Items that will not be reclassified to profit or loss: (303 ) (62 ) (15 ) Actuarial gains/(losses) on pension plans (327 ) 43 (23 ) Rest of valuation adjustments (133 ) (78 ) — Income tax relating to items that will not be reclassified 157 (27 ) 8 TOTAL COMPREHENSIVE INCOME 3,649 2,891 2,650 Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 . Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 3,530 3,301 3,006 Adjustments to profit 2,206 11,576 1,824 Net increase/decrease in operating assets (13,370 ) (17,566 ) (10,430 ) Net increase/decrease in operating liabilities 45 13,411 21,915 Reimbursements/payments of income tax 743 (279 ) (839 ) Total net cash flows from operating activities (1) (6,846 ) 10,443 15,476 2. Cash flows from investing activities Investments (-) (7,094 ) (1,472 ) (8,818 ) Divestments (+) 1,952 10,197 4,995 Total net cash flows from investment activities (2) (5,142 ) 8,725 (3,823 ) 3. Cash flows from financing activities Issuance of own equity instruments — — 7,072 Disposal of own equity instruments 829 805 1,004 Acquisition of own equity instruments (829 ) (816 ) (972 ) Issuance of debt securities 1,056 2,750 2,894 Redemption of debt securities (4,578 ) (827 ) (764 ) Dividends paid (3,773 ) (3,118 ) (2,665 ) Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (382 ) (2 ) 532 Total net cash flows from financing activities (3) (7,677 ) (1,208 ) 7,101 4. Effect of exchange rate changes on cash and cash equivalents (4) 205 237 (655 ) 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) (19,460 ) 18,197 18,099 Cash and cash equivalents at beginning of period 51,931 33,734 15,635 Cash and cash equivalents at end of period 32,471 51,931 33,734 55.2 Preference Shares and Preferred Securities The following table shows the balance of the preference shares and preferred securities as of December 31, 2019 , 2018 and 2017 : 2019 2018 2017 (Millions of Euros) Preference shares 321 345 404 Preferred securities 7,709 9,717 8,369 Total at period-end 8,030 10,063 8,773 Both Preference Shares and Preferred Securities are recorded under the “Financial liabilities at amortized cost - Subordinated Liabilities” caption in the consolidated balance sheet as of December 31, 2019 , 2018 and 2017 . Preference Shares include the financial instruments issued by the consolidated companies which, although equity for legal purposes, do not meet the requirements for classification as equity in the financial statements. These shares do not carry any voting rights and are non-cumulative. Preference shares include non-cumulative preferred non-voting shares issued by Santander UK plc and Santander Bank, National Association. Preferred securities include non-cumulative preferred non-voting securities issued by Banco Santander, S.A. For the purposes of payment priority, preferred securities are junior to all general creditors and to subordinated deposits. The payment of dividends on these securities, which have no voting rights, is conditional upon the obtainment of sufficient distributable profit and upon the limits imposed by Spanish banking regulations on equity. Preference shares and preferred securities are perpetual securities and there is no obligation that requires the Group to redeem them. All securities have been fully subscribed by third parties outside the Group. In the consolidated balance sheets, these securities are shown net of any temporary transactions relating to liquidity guarantees. For further information, see note 23.c. Outstanding at 31 December 2019 Preference Shares Issuer/Date of issue Currency Amount in currency (million) Interest rate Redemption Santander UK plc, October 1995 Pounds Sterling 80.3 10.375% No option Santander UK plc, February 1996 Pounds Sterling 80.3 10.375% No option Santander Bank, National Association, August 2000 US Dollar 153.0 12.00% 16 May 2020 Outstanding at 31 December 2019 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A. Banco Santander, S.A., March 2014 Euro 1,500.0 6.250% (B) Perpetuity Banco Santander, S.A., September 2014 Euro 1,500.0 6.250% (C) Perpetuity Banco Santander, S.A., April 2017 Euro 750.0 6.750% (D) Perpetuity Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (E) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (F) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (G) Perpetuity Santander Finance Preferred, S.A. (Unipersonal), September 2004 Euro 144.0 €CMS 10 +0.05% subject to a maximum distribution of 8% per annum Perpetuity Santander Finance Preferred, S.A. (Unipersonal), March 2007 (H) US Dollar 210.4 US3M + 0.52% Perpetuity Santander Finance Preferred, S.A. (Unipersonal), July 2007 Pounds Sterling 4.9 7.010% Perpetuity A. From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor. B. Payment is subject to certain conditions and to the discretion of the Bank. The 6.25% interest rate is set for the first five years . After that, it will be reviewed by applying a margin of 5.41 basis points on the 5-year Mid-Swap Rate . C. Payment is subject to certain conditions and to the discretion of the Bank. The 6.25% interest rate is set for the first seven years . After that, it will be reviewed by applying a margin of 5.640 basis points on the 5-year Mid-Swap Rate . D. Payment is subject to certain conditions and to the discretion of the Bank. The 6.75% interest rate is set for the first five years . After that, it will be reviewed by applying a margin of 6.803 basis points on the 5-year Mid-Swap Rate . E. Payment is subject to certain conditions and to the discretion of the Bank. The 5.25% interest rate is set for the first six years . After that, it will be reviewed by applying a margin of 4.999 basis points on the 5-year Mid-Swap Rate . F. Payment is subject to certain conditions and to the discretion of the Bank. The 4.75% interest rate is set for the first seven years . After that, it will be reviewed by applying a margin of 4.097 basis points on the 5-year Mid-Swap Rate . G. Payment is subject to certain conditions and to the discretion of the Bank. The 7.50% interest rate is set for the first five years . After that, it will be reviewed every 5 years by applying a margin of 498.9 basis point on the five-year Mid-Swap Rate . H. Listed in the US. |
Accounting policies (Policies)
Accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Foreign currency transactions | Foreign currency transactions i. Presentation currency The Bank’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro. ii. Translation of foreign currency balances Foreign currency balances are translated to euros in two consecutive stages: • Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates); and • Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro. Translation of foreign currency to the functional currency Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate. Furthermore: • Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition. • Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined. • Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates. • The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity. Translation of functional currencies to euros The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows: • Assets and liabilities, at the closing rates. • Income and expenses, at the average exchange rates for the year. • Equity items, at the historical exchange rates. iii. Recognition of exchange differences The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under Exchange differences in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences ( except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated other comprehensive income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value through other comprehensive income (see Note 29). The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense of investments in subsidiaries, joint ventures and associates (see Note 29), until the related item is derecognised, at which time they are recognised in profit or loss. Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity–Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses on defined benefit pension plans (see Note 29). iv. Entities located in hyperinflationary economies Exchange differences arising on the translation to the Group´s presentation currency of financial statements denominated in functional currencies other than euro for subsidiaries located in countries with high inflation rates are recorded in the consolidated statement of changes in total equity-Other reserves. At 31 December 2017, no ne of the functional currencies of the consolidated subsidiaries and associates located abroad corresponded to those of countries considered to have highly inflationary and hyperinflationary economies, in accordance with the criteria established in this connection by the International Financial Reporting Standards adopted by the European Union. Consequently, at the end of the year it was not necessary to adjust the financial statements of any consolidated or associated entity to correct for the effects of inflation. In 2018 the economic situation in Argentina, especially the evolution of the index deteriorated, which caused, among other impacts, a significant increase in inflation, which by the end of that year had reached 48% per year (147% accumulated in three years),). This situation led the Group to conclude that it was necessary to apply IAS 29 for hyperinflationary economies - Financial Information in Hyperinflationary Economies - to its activities in the country in question in its consolidated financial statements for that year, and this situation will continue in 2019. Consequently, at 1 January 2018, an amount of EUR 1,716 million was reclassified in the statement of total changes in equity from the heading Accumulated Other Comprehensive Income - Translation Differences to the heading Other Reserves, corresponding to the exchange rate losses for 2017 and earlier. In addition, at that date the historical cost of the non-monetary assets and liabilities and the various items of equity of the Argentine companies from their date of acquisition or inclusion in the consolidated balance sheet was adjusted to reflect the changes in the purchasing power of the currency resulting from inflation, and was recorded; consequently, a credit to Other reserves of EUR 131 million was recorded in Other reserves. From that moment: - The historical cost of non-monetary assets and liabilities and equity items continues to be adjusted to, considering the changes in the purchasing power of the currency due to inflation, in accordance with the official indices published by the National Institute of Statistics and Censuses (INDEC). In accordance with the provisions of the Argentine Federation of Professional Councils in Economic Sciences (FCPCE), which is the organization that issues the professional accounting standards in said country, the indexes result from combining the National Consumer Price Index (CPI) with the Wholesale Internal Price Index (WPI), which at closing) until 30 November 2016 and the National Consumer Price Index (CPI) as from 1 December 2016. Inflation during the year reached 54%. - The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in Other reserves. - The loss on the net monetary position is recorded in the result for the year, with a credit to Other reserves. - All components of the financial statements of the Argentine companies are translated at the closing exchange rate, with the corresponding exchange rate at December 31, 2019 of Argentine pesos 67.26 per euro (Argentine pesos 43.12 per euro at 31 December 2018). The net impact of these effects on Other reserves in 2019 was a loss of 154 million euros ( 398 million euros in 2018). v. Exposure to foreign currency risk The Group hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see Note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges. The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Group companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances. The estimated effect on the consolidated equity attributable to the Group and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar (161.3 ) (162.3 ) (157.9 ) (3.5 ) (4.1 ) (1.4 ) Chilean peso (21.8 ) (22.9 ) (29.0 ) (2.3 ) (5.1 ) (1.8 ) Pound sterling (189.2 ) (171.2 ) (176.6 ) (3.9 ) (4.5 ) (3.1 ) Mexican peso (22.6 ) (18.3 ) (16.0 ) (3.3 ) (1.7 ) (1.2 ) Brazilian real (71.6 ) (85.6 ) (93.1 ) (10.4 ) (5.6 ) (6.5 ) Polish zloty (38.3 ) (36.2 ) (34.5 ) (1.2 ) (4.2 ) (1.5 ) Argentine peso (6.9 ) (7.8 ) (7.4 ) (1.2 ) (0.6 ) (3.5 ) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar 164.6 165.6 161.1 3.5 4.2 1.5 Chilean peso 22.2 23.4 29.6 2.4 5.2 1.8 Pound sterling 193.0 174.7 180.2 4.0 4.6 3.2 Mexican peso 23.1 18.6 16.3 3.4 1.8 1.2 Brazilian real 73.1 87.4 95.0 10.6 5.7 6.6 Polish zloty 39.0 36.9 35.2 1.2 4.2 1.5 Argentine peso 7.0 8.0 7.6 1.3 0.6 3.6 The above data were obtained as follows: a) Effect on consolidated equity: in accordance with the accounting policy detailed in Note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations. b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in Note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place. The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2019 , 2018 and 2017 . |
Basis of consolidation | Basis of consolidation i. Subsidiaries Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation. On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see Note 17). Negative differences are recognised in profit or loss on the date of acquisition. Additionally, the share of third parties of the Group’s equity is presented under Non-controlling interests in the consolidated balance sheet (see Note 28). Their share of the profit for the year is presented under Profit attributable to non-controlling interests in the consolidated income statement. The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal. At 31 December 2019 the Group controls the following company in which it holds an ownership interest of less than 50% of the share capital, Luri 1, S.A. apart from the structured consolidated entities. The percentage ownership interest in the aforementioned company is 46% (See Appendix I). Although the Group holds less than half the voting power, it manages and, as a result, exercises control over this entity. The company´s corporate purpose for the entity is the acquisition of real estate and other general operations relating thereto, including rental, and the purchase and sale of properties; the company object of the latter entity is the provision of payment services. The impact of the consolidation of this company on the Group's consolidated financial statements is immaterial. The Appendices contain significant information on the subsidiaries. ii. Interests in joint ventures Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control. In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein. The Appendices contain relevant information on the joint ventures. iii. Associates Associates are entities over which the Bank is in a position to exercise significant influence, but not control or joint control. It is presumed that the Bank exercises significant influence if it holds 20% or more of the voting power of the investee. In the consolidated financial statements, investments in associates are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with an associate are eliminated to the extent of the Group’s interest in the associate. There are certain investments in entities which, although the Group owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. These investments are not significant for the Group. There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements. The Appendices contain significant information on the associates. iv. Structured entities When the Group incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes (also called structured entities since the voting or similar power is not a key factor in deciding who controls the entity), the Group determines, using internal criteria and procedures and taking into consideration the applicable legislation, whether control (as defined above) exists and, therefore, whether these entities should be consolidated. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors: • Percentage of ownership held by the Group; 20% is established as the general threshold. • Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect the Group’s ability to direct the relevant activities. • Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager. • Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors. • Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion. These structured entities also include the securitisation special purpose vehicles (“SPV”), which are consolidated in the case of the SPVs over which, being exposed to variable yield, it is considered that the Group continues to exercise control. The exposure associated with unconsolidated structured entities are not material with respect to the Group’s consolidated financial statements. v. Business combinations A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities. Business combinations whereby the Group obtains control over an entity or a business are recognised for accounting purposes as follows: • The Group measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination. • The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree. • Any positive difference between the aforementioned items is recognised as discussed in Note 2.m. Any negative difference is recognised under negative goodwill recognised in the consolidated income statement. Goodwill is only calculated and recognised once, when control of a business or an entity is obtained. vi. Changes in the levels of ownership interests in subsidiaries Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves. Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in Other Comprehensive income of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss. vii. Acquisitions and sales Note 3 provides information on the most significant acquisitions and sales in the last three years. |
Definitions and classification of financial instruments | Definitions and classification of financial instruments i. Definitions A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. An equity instrument is a contract that evidences a residual interest in the assets of the issuing entity after deducting all of its liabilities. A financial derivative is a financial instrument whose value changes in response to the change in an observable market variable (such as an interest rate, foreign exchange rate, financial instrument price, market index or credit rating), whose initial investment is very small compared with other financial instruments with a similar response to changes in market factors, and which is generally settled at a future date. Hybrid financial instruments are contracts that simultaneously include a non-derivative host contract together with a derivative, known as an embedded derivative, that is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. Compound financial instruments are contracts that simultaneously create for their issuer a financial liability and an own equity instrument (such as convertible bonds, which entitle their holders to convert them into equity instruments of the issuer). The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (“CCPSs”) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses- are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity. Capital perpetual preference shares (“CPPSs”), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments. The following transactions are not treated for accounting purposes as financial instruments: • Investments in associates and joint ventures (see Note 13). • Rights and obligations under employee benefit plans (see Note 25). • Rights and obligations under insurance contracts (see Note 15). • Contracts and obligations relating to employee remuneration based on own equity instruments (see Note 34). ii. Classification of financial assets for measurement purposes Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as Non-current assets held for sale or they relate to Cash, cash balances at central banks and other deposits on demand, Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side), Hedging derivatives and Investments, which are reported separately. Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows. The Group's business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors: • How key management staff are assessed and reported on the performance of the business model and the financial assets held in the business model. • The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed. • How business managers are remunerated. • The frequency and volume of sales in previous years, as well as expectations of future sales. The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included: • The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 2%. • The contractual clauses that may modify the cash flows of the financial asset, for which the structure of the cash flows before and after the activation of such clauses is analysed. • Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument. Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases. The Group uses the following criteria for the classification of financial debt instruments: • Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a “basic financing agreement”. • Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a “basic financing agreement”. • Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a “basic financing agreement”. In this section it can be enclosed the portfolios classified under “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Financial assets at fair value through profit or loss”. In this regard, the most of the financial assets presented in the category of "Financial assets designated at value reasonable with change in results" are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of "held for trading", and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries. Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) in the initial moment. The Group has generally applied this option to the equity instruments classified as “Available-for-sale” at 31 December 2017 under IAS 39. In general, the Group has applied this option in the case of equity instruments classified under "Available for Sale" at 31 December 2017 under IAS 39. Until 31 December 2017, the Group applied IAS 39, under which the following three categories existed that are not applicable under IFRS 9 (see Note 1.d): • Financial assets available-for-sale: this category includes debt instruments not classified as Held-to-maturity investments, Loans and receivables or Fin ancial assets at fair value through profit or loss, and equity instruments issued by entities other than subsidiaries, associates and joint ventures, provided that such instruments have not been classified as Financial assets held for trading or as Financial assets designated at fair value through profit or loss. • Loans and receivables: this category includes the investment arising from ordinary lending activities, such as the cash amounts of loans drawn down and not yet repaid by customers or the deposits placed with other institutions, whatever the legal instrument, unquoted debt securities and receivables from the purchasers of goods, or the users of services, constituting part of the Group's business. • Investments held-to-maturity: this category includes debt instruments with fixed maturit y and with fixed or determinable payments, for which the Group has both the intention and proven ability to hold to maturity. iii. Classification of financial assets for presentation purposes Financial assets are classified by nature into the following items in the consolidated balance sheet: • Cash, cash balanc es at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and credit institutions. • Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities, as well as finance lease receivables and other debit balances of a financial nature in favour of the Group, such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into: – Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks. – Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions. – Custo mers: includes the remaining credit, including money market transactions through central counterparties. • Debt instruments: bonds and other securities that represent a debt for their issuer, that generate an interest return, and that are in the form of certificates or book entries. • Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item. • Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments. • Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. • Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge a ccounting. iv. Classification of financial liabilities for measurement purposes Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as Liabilities associated with non-current assets held for sale or they relate to Hedging derivatives or Changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately. IAS 39 financial liabilities classification and measurement criteria remains substantially unchanged under IFRS 9. Nevertheless, in most cases, the changes in the fair value of financial liabilities designated at fair value with changes recognised through profit or loss for the year, due to the entity credit risk, are classified under other comprehensive income. Financial liabilities are included for measurement purposes in one of the following categories: ▪ Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated as hedging instruments, and financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements (“reverse repos”) or borrowed (short positions). • Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. Liabilities may only be included in this category on the date when they are incurred or originated. • Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above- mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions. v. Classification of financial liabilities for presentation purposes Financial liabilities are classified by nature into the following items in the consolidated balance sheet: • Deposits: includes all repayable balances received in cash by the Group, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into: – Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks . – Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions. – Customer: includes the remaining deposits, including money market transactions through central counterparties. • Marketable debt securities: includes the amount of bonds and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments. • Derivatives: includes the fair value , with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting. • Short pos itions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed. • Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities that have started to be recorded in 2019 as a result of the application of IFRS 16), and liabilities under financial guarantee contracts, unless they have been classified as non-performing. • Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. • Hedging derivatives: in cludes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting. |
Measurement of financial assets and liabilities and recognition of fair value changes | Measurement of financial assets and liabilities and recognition of fair value changes In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. The Group has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made. The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria: i. Measurement of financial assets Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale. The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2019 there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active. If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it. All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recognised in Gains/losses on financial assets and liabilities held for trading (net) in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure OTC derivatives. The fair value of OTC derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value (NPV), option pricing models and other methods. The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded. The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date. Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range. The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, the Group has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives. ii. Measurement of financial liabilities In general, financial liabilities are measured at amortised cost, as defined above, except for those included under Financial liabilities held for trading and Financial liabilities designated at fair value through profit or loss and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement. iii. Valuation techniques The following table shows a summary of the fair values, at the end of 2019 , 2018 and 2017 , of the financial assets and liabilities indicated below, classified on the basis of the various measurement methods used by the Group to determine their fair value: Million euros 2019 2018* 2017 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 44,581 63,649 108,230 37,108 55,771 92,879 58,215 67,243 125,458 Non-trading financial assets mandatorily at fair value through profit or loss 1,530 3,381 4,911 1,835 8,895 10,730 Financial assets designated at fair value through profit or loss 2,572 59,497 62,069 3,102 54,358 57,460 3,823 30,959 34,782 Financial assets at fair value through other comprehensive income 103,089 22,619 125,708 103,590 17,501 121,091 Financial assets available-for-sale** 113,258 18,802 132,060 Hedging derivatives (assets) — 7,216 7,216 — 8,607 8,607 — 8,537 8,537 Financial liabilities held for trading 9,781 67,358 77,139 16,104 54,239 70,343 21,828 85,796 107,624 Financial liabilities designated at fair value through profit or loss 1,484 59,511 60,995 987 67,071 68,058 769 58,847 59,616 Hedging derivatives (liabilities) — 6,048 6,048 5 6,358 6,363 8 8,036 8,044 Liabilities under insurance or reinsurance contracts — 739 739 — 765 765 — 1,117 1,117 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** In addition to the financial instruments measured at fair value shown in the foregoing table, at 31 December 2017, the Group held equity instruments classified as Financial assets available-for-sale and carried at cost amounting to EUR 1,211 million (see Note 51.c). The financial instruments at fair value determined on the basis of published price quotations in active markets (Level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued. In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models. In most cases, these internal models use data based on observable market parameters as significant inputs (Level 2) and, in cases, they use significant inputs not observable in market data (Level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates. The Group has developed a formal process for the systematic valuation and management of financial instruments, which has been implemented worldwide across all the Group’s units. The governance scheme for this process distributes responsibilities between two independent divisions: Treasury (development, marketing and daily management of financial products and market data) and Risk (on a periodic basis, validation of pricing models and market data, computation of risk metrics, new transaction approval policies, management of market risk and implementation of fair value adjustment policies). The approval of new products follows a sequence of steps (request, development, validation, integration in corporate systems and quality assurance) before the product is brought into production. This process ensures that pricing systems have been properly reviewed and are stable before they are used. The following subsections set forth the most important products and families of derivatives, and the related valuation techniques and inputs, by asset class: Fixed income and inflation The fixed income asset class includes basic instruments such as interest rate forwards, interest rate swaps and cross currency swaps, which are valued using the net present value of the estimated future cash flows discounted taking into account basis swap and cross currency spreads determined on the basis of the payment frequency and currency of each leg of the derivative. Vanilla options, including caps, floors and swaptions, are priced using the Black-Scholes model, which is one of the benchmark industry models. More exotic derivatives are priced using more complex models which are generally accepted as standard across institutions. These pricing models are fed with observable market data such as deposit interest rates, futures rates, cross currency swap and constant maturity swap rates, and basis spreads, on the basis of which different yield curves, depending on the payment frequency, and discounting curves are calculated for each currency. In the case of options, implied volatilities are also used as model inputs. These volatilities are observable in the market for cap and floor options and swaptions, and interpolation and extrapolation of volatilities from the quoted ranges are carried out using generally accepted industry models. The pricing of more exotic derivatives may require the use of non-observable data or parameters, such as correlation (among interest rates and cross-asset), mean reversion rates and prepayment rates, which are usually defined from historical data or through calibration. Inflation-related assets include zero-coupon or year-on-year inflation-linked bonds and swaps, valued with the present value method using forward estimation and discounting. Derivatives on inflation indices are priced using standard or more complex bespoke models, as appropriate. Valuation inputs of these models consider inflation-linked swap spreads observable in the market and estimations of inflation seasonality, on the basis of which a forward inflation curve is calculated. Also, implied volatilities taken from zero-coupon and year-on-year inflation options are also inputs for the pricing of more complex derivatives. Equity and foreign exchange The most important products in these asset classes are forward and futures contracts; they also include vanilla, listed and OTC (Over-The-Counter) derivatives on single underlying assets and baskets of assets. Vanilla options are priced using the standard Black-Scholes model and more exotic derivatives involving forward returns, average performance, or digital, barrier or callable features are priced using generally accepted industry models or bespoke models, as appropriate. For derivatives on illiquid stocks, hedging takes into account the liquidity constraints in models. The inputs of equity models consider yield curves, spot prices, dividends, asset funding costs (repo margin spreads), implied volatilities, correlation among equity stocks and indices, and cross-asset correlation. Implied volatilities are obtained from market quotes of European and American-style vanilla call and put options. Various interpolation and extrapolation techniques are used to obtain continuous volatility for illiquid stocks. Dividends are usually estimated for the mid and long term. Correlations are implied, when possible, from market quotes of correlation-dependent products. In all other cases, proxies are used for correlations between benchmark underlyings or correlations are obtained from historical data. The inputs of foreign exchange models include the yield curve for each currency, the spot foreign exchange rate, the implied volatilities and the correlation among assets of this class. Volatilities are obtained from European call and put options which are quoted in markets as of-the-money, risk reversal or butterfly options. Illiquid currency pairs are usually handled by using the data of the liquid pairs from which the illiquid currency can be derived. For more exotic products, unobservable model parameters may be estimated by fitting to reference prices provided by other non-quoted market sources. Credit The most common instrument in this asset class is the credit default swap (CDS), which is used to hedge credit exposure to third parties. In addition, models for first-to-default (FTD), n-to-default (NTD) and single-tranche collateralised debt obligation (CDO) products are also available. These products are valued with standard industry models, which estimate the probability of default of a single issuer (for CDS) or the joint probability of default of more than one issuer for FTD, NTD and CDO. Valuation inputs are the yield curve, the CDS spread curve and the recovery rate. For indices and important individual issuers, the CDS spread curve is obtained in the market. For less liquid issuers, this spread curve is estimated using proxies or other credit-dependent instruments. Recovery rates are usually set to standard values. For listed single-tranche CDO, the correlation of joint default of several issuers is implied from the market. For FTD, NTD and bespoke CDO, the correlation is estimated from proxies or historical data when no other option is available. Valuation adjustment for counterparty risk or default risk The Credit valuation adjustment (CVA) is a valuation adjustment to OTC derivatives as a result of the risk associated with the credit exposure assumed to each counterparty. The CVA is calculated taking into account potential exposure to each counterparty in each future period. The CVA for a specific counterparty is equal to the sum of the CVA for all the periods. The following inputs are used to calculate the CVA: • Expected exposure: including for each transaction the mark-to-market (MtM) value plus an add-on for the potential future exposure for each perio d. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments. • Loss Given Default: percentage of final loss assumed in a counterparty credit event/default. • Probability of default: for cases where there is no market information (the CDS quoted spread curve, etc.), proxies based on companies holding exchange-listed CDS, in the same industry and with the same external rating as the counterparty, are used. • Discount factor curve. The Debit Valuation Adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Group’s own risk assumed by its counterparties in OTC derivatives. The CVA at 31 December 2019 amounted to EUR 272 million (resulting in a reduction of 22.5% compared to 31 December 2018 ) and DVA amounted to EUR 171 million (resulting in a reduction of 34.6% compared to 31 December 2018 ). The variations are due to the fact that credit spreads for the most liquid maturities have been decreased in percentages over 40% . The CVA at 31 December 2018 amounted to EUR 351 million ( 8.8% compared to 31 December 2017) and DVA amounted EUR 261 million ( 18.9% compared to 31 December 2018). The changes were due to the increase in credit spreads of more than 30% in the most liquid terms. The CVA at 31 December 2017 amounted to EUR 323 million (decrease of 50% compared to 31 December 2016) and DVA amounted EUR 220 million (decrease of 44% compared to 31 December 2016). The decrease was due to the fact that credit spreads were reduced by more than 40% in the most liquid terms and to reductions in the exposure of the main counterparties. In addition, the Group amounts the funding fair value adjustment (FFVA) is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. This includes the uncollateralised component of collateralised derivatives in addition to derivatives that are fully uncollateralised. The expected future funding exposure is calculated by a simulation methodology, where available. The FFVA impact is not material for the consolidated financial statements as of 31 December 2019 , 2018 and 2017 . As a result of the first application of IFRS 9, the exposure at 1 January, 2018, in level 3 financial instruments, increased by EUR 2,183 million , mainly for loans and receivables, arising from new requirements regarding the classification and measurement of amortised cost items at other fair value items whose value is calculated using unobservable market inputs (see Note 1.d). The Group has not carried out significant reclassifications of financial instruments between levels other than those disclosed in level 3 movement table during 2019 , 2018 and 2017 . In 2019 , the Group has reclassified financial instruments amounting to EUR 708 million (net) between levels 2 and 3 (mainly due to the reclassifications to level 2 of positions, both derivatives and debt instruments, with maturities for which are already observable valuation inputs or for which new sources of recurring prices have been accessed; and to level 3 of certain government bonds in Brazil which, based on the Group's observability criteria, do not meet the requirements to be considered as observable inputs). In 2018, the Group reclassified the market value of certain transactions of bonds, long-term repos and derivatives for approximately EUR 1,300 million , due to the lack of liquidity in certain significant inputs used in the calculation of the fair value, and no significant transfers were made to level 3 in 2017. Valuation adjustments due to model risk The valuation models described above do not involve a significant level of subjectivity, since they can be adjusted and recalibrated, where appropriate, through internal calculation of the fair value and subsequent comparison with the related actively traded price. However, valuation adjustments may be necessary when market quoted prices are not available for comparison purposes. The sources of risk are associated with uncertain model parameters, illiquid underlying issuers, and poor quality market data or missing risk factors (sometimes the best available option is to use limited models with controllable risk). In these situations, the Group calculates and applies valuation adjustments in accordance with common industry practice. The main sources of model risk are described below: • In the fixed income markets, the sources of model risk include bond index correlations, basis spread modelling, the risk of calibrating model parame ters and the treatment of near-zero or negative interest rates. Other sources of risk arise from the estimation of market data, such as volatilities or yield curves, whether used for estimation or cash flow discounting purposes. • In the equity markets, the sources of model risk include forward skew modelling, the impact of stochastic interest rates, correlation and multi-curve modelling. Other sources of risk arise from managing hedges of digital callable and barrier option payments. Also worthy of consideration as sources of risk are the estimation of market data such as dividends and correlation for quanto and composite basket options. • For specific financial instruments relating to home mortgage loans secured by financial institutions in the UK (which are regulated and partially financed by the Government) and property asset derivatives, the main input is the Halifax House Price Index (HPI). In these cases, risk assumptions include estimations of the future growth and the volatility of the HPI, the mortality rate and the implied credit spreads. • Inflation markets are exposed to model risk resulting from uncertainty around modelling the correlation structure among various CPI rates. Another source of risk may arise from the bid-offer spread of inflation-linked swaps. • The currency markets are exposed to model risk resulting from forward skew modelling and the impact of stochastic interest rate and correlation modelling for multi-asset instruments. Risk may also arise from market data, due to the existence of specific illiquid foreign exchange pairs. • The most important source of model risk for credit de rivatives relates to the estimation of the correlation between the probabilities of default of different underlying issuers. For illiquid underlying issuers, the CDS spread may not be well defined. Set forth below are the financial instruments at fair value whose measurement was based on internal models (Levels 2 and 3) at 31 December 2019 , 2018 and 2017 : Million euros Fair values calculated 2019** Level 2 Level 3 Valuation techniques Main assumptions ASSETS: 149,711 6,651 Financial assets held for trading 63,051 598 Credit institutions — — Present value method Yield curves, FX market prices Customers*** 355 — Present value method Yield curves, FX market prices Debt and equity instruments 760 65 Present value method Yield curves, FX market prices Derivatives 61,936 533 Swaps 51,594 182 Present value method, Gaussian Copula**** Yield curves, FX market prices, HPI, Basis, Liquidity Exchange rate options 469 8 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 3,073 177 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate futures 190 — Present value method Yield curves, FX market prices Index and securities options 1,164 95 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Other 5,446 71 Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others Hedging derivatives 7,216 — Swaps 6,485 — Present value method Yield curves, FX market prices, Basis Interest rate options 25 — Black's Model Yield curves, FX market prices, Volatility surfaces Other 706 — Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others Non-trading financial assets mandatorily at fair value through profit or loss 1,780 1,601 Equity instruments 1,272 550 Present value method Market price, Interest rates curves, Dividends and Others Debt instruments 498 675 Present value method Interest rates curves Loans and receivables*** 10 376 Present value method, swap asset model & CDS Interest rates curves and Credit curves Financial assets designated at fair value through profit or loss 58,833 664 Central banks 6,474 — Present value method Interest rates curves, FX market prices Credit institutions 21,598 50 Present value method Interest rates curves, FX market prices Customers 30,729 32 Present value method Interest rates curves, FX market prices, HPI Debt instruments 32 582 Present value method Interest rates curves, FX market prices Financial assets at fair value through other comprehensive income 18,831 3,788 Equity instruments 98 407 Present value method Market price, Interest rates curves, Dividends and Others Debt instruments 17,486 188 Present value method Interest rates curves, FX market prices Loans and receivables 1,247 3,193 Present value method Interest rates curves, FX market prices and Credit curves Million euros Fair values calculated 2019** Level 2 Level 3 Valuation techniques Main assumptions LIABILITIES 132,582 1,074 Financial liabilities held for trading 67,068 290 Central banks — — Present value method Yield curves, FX market prices Credit institutions — — Present value method Yield curves, FX market prices Customers — — Present value method Yield curves, FX market prices Derivatives 61,789 290 Swaps 49,927 115 Present value method, Gaussian Copula**** Yield curves, FX market prices, Basis, Liquidity, HPI Exchange rate options 658 1 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 4,291 34 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Index and securities options 1,309 88 Black-Scholes Model Yield curves, FX market prices Interest rate and equity futures 20 2 Present value method Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Other 5,584 50 Present value method, Advanced stochastic volatility models Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Short positions 5,279 — Present value method Yield curves ,FX & EQ market prices, Equity Hedging derivatives 6,048 — Swaps 4,737 — Present value method Yield curves ,FX & EQ market prices, Basis Interest rate options 10 — Black's Model Yield curves , Volatility surfaces, FX market prices, Liquidity Other 1,301 — Present value method, Advanced stochastic volatility models and other Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other Financial liabilities designated at fair value through profit or loss 58,727 784 Present value method Yield curves, FX market prices Liabilities under insurance contracts 739 — Present Value Method with actuarial techniques Mortality tables and interest rate curves Million euros Fair values calculated Fair values calculated 2018* ** 2017** Level 2 Level 3 Level 2 Level 3 Valuation techniques ASSETS: 140,659 4,473 124,178 1,363 Financial assets held for trading 55,033 738 66,806 437 Credit institutions — — 1,696 — Present value method Customers*** 205 — 8,815 — Present value method Debt and equity instruments 314 153 335 32 Present value method Derivatives 54,514 585 55,960 405 Swaps 44,423 185 44,766 189 Present value method, Gaussian Copula**** Exchange rate options 617 2 463 5 Black-Scholes Model Interest rate options 3,778 149 4,747 162 Black's Model, Heath-Jarrow- Morton Model Interest rate futures — — 2 — Present value method Index and securities options 1,118 198 1,257 5 Black-Scholes Model Other 4,578 51 4,725 44 Present value method, Monte Carlo simulation and others Hedging derivatives 8,586 21 8,519 18 Swaps 7,704 21 7,896 18 Present value method Interest rate options 20 — 13 — Black’s Model Other 862 — 610 — N/A Non-trading financial assets mandatorily at fair value through profit or loss 7,492 1,403 Equity instruments 985 462 Present value method Debt instruments 5,085 481 Present value method Loans and receivables*** 1,422 460 Present value method, swap asset model & CDS Financial assets designated at fair value through profit or loss 53,482 876 30,677 282 Central banks 9,226 — Credit institutions 22,897 201 9,889 — Present value method Customers***** 21,355 560 20,403 72 Present value method Debt instruments 4 115 Present value method Debt and equity instruments 385 210 Present value method Financial assets at fair value through other comprehensive income 16,066 1,435 Equity instruments 455 581 Present value method Debt instruments 14,699 165 Present value method Loans and receivables 912 689 Present value method Financial assets available-for-sale 18,176 626 Debt and equity instruments 18,176 626 Present value method Million euros Fair values calculated Fair values calculated 2018* ** 2017* ** Level 2 Level 3 Level 2 Level 3 Valuation techniques LIABILITIES: 127,991 442 153,600 196 Financial liabilities held for trading 53,950 289 85,614 182 Central banks — — 282 — Present value method Credit institutions — — 292 — Present value method Customers — — 28,179 — Present value method Derivatives 53,950 289 56,860 182 Swaps 43,489 111 45,041 100 Present value method, Gaussian Copula**** Exchange rate options 610 7 497 9 Black-Scholes Model Interest rate options 4,411 26 5,402 19 Black's Model, Heath-Jarrow- Morton Model Index and securities options 1,233 143 1,527 41 Black-Scholes Model Interest rate and equity futures 7 — 1 — Present value method Other 4,200 2 4,392 13 Present value method, Monte Carlo simulation and others Short positions — — 1 — Present value method Hedging derivatives 6,352 6 8,029 7 Swaps 5,868 6 7,573 7 Present value method Interest rate options 158 — 287 — Black’s Model Other 326 — 169 — N/A Financial liabilities designated at fair value through profit or loss 66,924 147 58,840 7 Present value method Liabilities under insurance contracts 765 — 1,117 — Present value method with actuarial techniques * See reconciliation of IAS 39 as of 31 December 2017 as of 1 January 2018 (see Note 1.d). ** Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. *** Includes mainly short-term loans and reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). **** Includes credit risk derivatives with a net fair value of EUR -6 million at 31 December 2019 (31 December 2018 and 2017 : net fair value of EUR 0 million and EUR 0 million , respectively). These assets and liabilities are measured using the Standard Gaussian Copula Model. ***** Includes home mortgage loans to financial institutions in the UK (which are regulated and partly financed by the Government). The fair value of these loans was obtained using observable market variables, including current market transactions with similar amounts and collateral facilitated by the UK Housing Association. Since the Government is involved in these financial institutions, the credit risk spreads have remained stable and are homogeneous in this sector. The results arising from the valuation model are checked against current market transactions. Level 3 financial instruments Set forth below are the Group’s main financial instruments measured using unobservable market data as significant inputs of the internal models (Level 3): • Instruments in Santander UK’s portfolio (loans, debt instruments and derivatives) linked to the House Price Index (HPI). |
Derecognition of financial assets and liabilities | Derecognition of financial assets and liabilities The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties: 1. If the Group transfers substantially all the risks and rewards to third parties unconditional sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously. 2. If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. However, the following items are recognised: a. An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under Financial liabilities designated at fair value through profit or loss. b. The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting. 3. If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made: a. If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised. b. If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value. Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them. |
Offsetting of financial instruments | Offsetting of financial instruments Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2019 , 2018 and 2017 : 31 December 2019 Million euros Assets Gross amount Gross amount Net amount Derivatives 126,389 (55,776 ) 70,613 Reverse repurchase agreements 89,465 (5,168 ) 84,297 Total 215,854 (60,944 ) 154,910 31 December 2018 Million euros Assets Gross amount Gross amount Net amount Derivatives 107,055 (42,509 ) 64,546 Reverse repurchase agreements 79,114 (4,031 ) 75,083 Total 186,169 (46,540 ) 139,629 31 December 2017 Million euros Assets Gross amount Gross amount Net amount Derivatives 103,740 (37,960 ) 65,780 Reverse repurchase agreements 56,701 (7,145 ) 49,556 Total 160,441 (45,105 ) 115,336 Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2019, 2018 and 2017: 31 December 2019 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 124,840 (55,776 ) 69,064 Reverse repurchase agreements 81,087 (5,168 ) 75,919 Total 205,927 (60,944 ) 144,983 31 December 2018 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 104,213 (42,509 ) 61,704 Reverse repurchase agreements 82,201 (4,031 ) 78,170 Total 186,414 (46,540 ) 139,874 31 December 2017 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 103,896 (37,960 ) 65,936 Reverse repurchase agreements 110,953 (7,145 ) 103,808 Total 214,849 (45,105 ) 169,744 Also, at 31 December 2019 the Group has offset other items amounting to EUR 1,366 million (EUR 1,445 million and EUR 1,645 million at 31 December 2018 and 2017 , respectively). At 31 December 2019 the balance sheet shows the amounts EUR 141,201 million ( 2018 : EUR 128,637 million and 2017 : EUR 97,017 million) on derivatives and repos as assets and EUR 134,694 million ( 2018 : EUR 130,969 million and 2017 : EUR 153,566 million) on derivatives and repos as liabilities that are subject to netting and collateral arrangements. |
Impairment of financial assets | Impairment of financial assets i. Definition The Group associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables and commitments and guarantees granted that are not measured at fair value. The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced. In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income. As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating. Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument: • 12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as "normal risk" as defined in the following sections. • Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as "normal risk under watchlist" or "doubtful risk". With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.). The following constitute effective guarantees: a) Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include: i. Buildings and building elements, distinguishing among: • Houses. • Offices, stores and multi-purpose premises. • Rest of buildings such as non-multi-purpose premises and hotels. ii. Urban and developable ordered land. iii. Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands. b) Collateral guarantees on financial instruments in the form of cash deposits and debt securities issued by creditworthy issuers. c) Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value. d) Personal guarantees , as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms. The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis. ii. Financial instruments presentation For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories: • Normal Risk ("Stage 1"): includes all instruments that do not meet the requirements to be classified in the rest of the categories. • Normal risk under watchlist ("Stage 2"): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition. In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in Stage 2, the Group considers the following criteria: Quantitative criteria Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition. With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units. Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in Note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio. Qualitative criteria In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.). In the case of forbearances, instruments classified as "normal risk under watchlist" may be generally reclassified to "normal risk" in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances. • Doubtful Risk (“Stage 3"): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed . Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in Stage 3. Within this category, two situations are differentiated: – Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 days past due for principal , interest or expenses contractually agreed. This category also includes all loan balances for a client which overdue amount more than 90 days past due is greater than 20% of the loan receivable balance. These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 days past due in other loans. – Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 days past due . The Group considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered: a) Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year. b) Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows. c) Generalised delay in payments or insufficient cash flows to service debts. d) Significantly inadequate economic or financial structure or inability to obtain additional financing by the client. e) Existence of an internal or external credit rating showing that the client is in default. f) Existence of overdue customer commitments with a significant amount to public institutions or employees. These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances with more than 90 days past due. In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balance with more than 90 days past due. • Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency. In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following: - Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt. - Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable. - The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property. - Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature. A financial asset amount is maintained in the balance sheet until they are considered as a "default risk", either all or a part of it, and the write-off is registered against the balance sheet. In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of "doubtful risk", except where duly justified. The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount. iii. Impairment valuation assessment The Group has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk. The asset impairment model in IFRS 9 applies to financial assets measured at amortised cost, debt instruments at fair value with changes in other comprehensive income, lease receivables and commitments and guarantees granted that are not measured at fair value. The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively. • Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate. Therefore, this classification mostly includes wholesale banking customers - Corporations, specialised financing - as well as some of the largest companies – Chartered and real estate developers - from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section. The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below. • Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis . This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management. For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered. The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows. The Group performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate. On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available and relevant information on past events, current conditions and forecasts of the evolution of macroeconomic factors that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.). For the estimation of the parameters used in the estimation of impairment provisions (EAD (Exposure at Default), PD (Probability of Default), LGD (Loss Given Default)), the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9. • Expos ure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis. • Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations. • Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered. In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as Stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred. The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a "default" exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 days with respect to any significant credit obligation. In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.). IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. However, in order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group does not apply these practical solutions in a generalised manner: – Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additi onal, but not primary, indicator of significant risk increase. Additionally, there may be cases in the Group where its use has been rebutted as a result of studies that show a low correlation of the significant risk increase with this past due threshold. The volume rebutted does not exceed 0.1% of the Group's total exposure. – Assets with low credit ris k at the reporting date: the Group assesses the existence of significant risk increase in all its financial instruments. This information is provided in more detail in Note 54 b. iv. Detail of individual estimate of impairment For the individual estimate of the correction for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected: • Recovery through the debtor's ordinary activities ("Going Concern" approach). • Recovery through the execution and sale of the collateral guaranteeing the operations ("Gone Concern" approach). "Gone Concern" approach: a. Evaluation of the effectiveness of guarantees The Group assesses the effectiveness of all the guarantees associated considering the following: • The time required to execute these guarantees; • The Group's ability to enforce or assert these guarantees in its favour; • The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral. Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case: • Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default. • Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction. On the basis of the foregoing, the following types of guarantees are considered to be effective: • Mortgage guarantees on properties, which are first charge, duly constituted and registered. Real estate includes: – Buildings and finished building elements. – Urban and developable land in order. – Other real estate, including buildings under construction, developments in progress or at a standstill, and other land, such as rural properties. • Pledges on financial instruments such as cash deposits, debt securities of reputables issuers or equity instrumen ts. • Other types of security interests, including movable property received as security and second and subsequent mortgages on real state , provided that they are proven to be effective under particularly restrictive criteria. • Personal guarantees, including new holders, covering the entire amount and involving direct and joint liability to the entity, from persons or entities whose equity solvency ensures repayment of the transaction under the agreed terms. b. Valuation of guarantees The Group assesses the guarantees on the basis of their nature in accordance with the following: • Mortgage guarantees on properties associated with financial instruments, using a complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models. • Personal guarantees are valued individually on the basis of the guarantor´s updated information. • The rest of the guarantees are valued based of current market values. c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows The Group applies a series of adjustments to the value of the guarantees in order to improve the reference values: • Adjustments based on the historical sales experience of local units for certain types of assets. • Individual expert adjustments based on additional management information. Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating: • Period of adjudication. • Estimated time of sale of the asset. In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold: • Possible future income commitments in favour of the borrower which will available after the asset is awarded. • Estimated foreclosure costs. • Asset maintenance costs, taxes and community costs. • Estimated marketing or sales costs. Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ("index forward") in order to adjust the value of the guarantees to future valuation expectations. v. Scope of application of the individual estimate of the correction for impairment The Group determines the perimeter over which it makes an estimate of the correction for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2. It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (SCIB, Santander Corporate & Investment Banking) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance. |
Repurchase agreements and reverse repurchase agreements | Repurchase agreements and reverse repurchase agreements Purchases (sales) of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted (received), based on the nature of the debtor (creditor), under Loans and advances with central banks, Loans and advances to credit institutions or Loans and advances to customers (Deposits from central banks, Deposits from credit institutions or Customer deposits). Differences between the purchase and sale prices are recognised as interest over the contract term. |
Non-current assets and liabilities associated with non-current assets held for sale | Non-current assets and liabilities associated with non-current assets held for sale Non-current assets held for sale includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal. Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be Non-current assets held for sale, unless the consolidated entities have decided to make continuing use of these assets. In this connection, for the purpose of its consideration in the initial recognition of these assets, the Group obtains, at the foreclosure date, the fair value of the related asset through a request for appraisal by external appraisal agencies. The Group has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Ministry of Economy Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2019 are as follows: Eurovaloraciones, S.A., Gloval Valuation, S.A.U., Tinsa Tasaciones Inmobiliarias, S.A.U., and Krata, S.A. Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings. Liabilities associated with non-current assets held for sale includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations. Non-current assets and disposal groups of items that have been classified as held for sale are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. Non-current assets and disposal groups of items that are classified as held for sale are not amortised as long as they remain in this category. At 31 December 2019 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 601 million; however, in accordance with the accounting standards, this unrealised gain could not be recognised. The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets. The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values. Banco Santander, in compliance with Bank of Spain Circular 4/2017 on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment. Thus, the portfolio is segmented into i) finished assets of a residential and tertiary nature, ii) developments in progress and iii) land 1 . In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time). When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others: • The time that has elapsed since the adjudication. • The transferability and contingencies of the foreclosed asset. • The economic viability from the real estate point of view with the necessary investment estimate. • The expenses that may arise from the marketing process. • The offers received, as well as the difficulties in finding buyers. In the case of real estate assets foreclosed in Spain, which represent 86% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models: • Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale. The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion. The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type 2 , surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not. Adjustments to homogenize the properties are made according to: i) the age of the property according to the age of the property to be valued, ii) the deviation of the built area from the common area with respect to the property to be valued and iii) by age of the date of capture of the property according to the price evolution index of the real estate market. In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs. 1. The assets in a situation of "stopped development" are included under "land". 2. Assets qualified as protected housing are taken into account. The Maximum Legal Value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each Autonomous Community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations. For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience. • Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs. For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licences, taxes on new construction and fees, and urban development charges. With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years. The market value will be the result of the difference between the income flows and the investment flows estimated at each moment. • Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the OM (Ministerial Order) ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to: – Visual verification of the assessed property. – Registry description. – Urban planning. – Visible easements. – Visible state of occupation, possession, use and exploitation. – Protection regime. – Apparent state of preservation. – Correspondence with cadastral property. – Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation. – Expiry of the Urbanization or Building deadlines. – Existence of a procedure for failure to comply with obligations. – Verification of surfaces. For the purposes of valuation, the land will be classified in the following levels: – Level I: It will include all the lands that do not belong to Level II. – Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined. In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. The Group applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land: Discount on reference value = % Discount on Sales + % Marketing Costs being: – % Discount on Sales: = 100 - (sales price / updated appraisal value). – Marketing Costs: Calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service. In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process. In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation. Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under Gains or (losses) on non-current assets held for sale not classified as discontinued operations in the consolidated income statement. The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised. |
Assets under insurance or reinsurance contracts and liabilities under insurance or reinsurance contracts | Assets under insurance or reinsurance contracts and liabilities under insurance or reinsurance contracts Insurance contracts involve the transfer of a certain quantifiable risk in exchange for a periodic or one-off premium. The effects on the Group’s cash flows will arise from a deviation in the payments forecast and/or an insufficiency in the premium set. The Group controls its insurance risk as follows: • By applying a strict methodology in the launch of products and in the assignment of value thereto. • By using deterministic and stochastic actuarial models for measuring commitments. • By using reinsurance as a risk mitigation technique as part of the credit quality guidelines in line with the Group’s general risk policy. • By establishing an operating framework for credit risks. • By actively managing asset and liability matching. • By applying security measures in processes. Reinsurance assets includes the amounts that the consolidated entities are entitled to receive for reinsurance contracts with third parties and, specifically, the reinsurer’s share of the technical provisions recorded by the consolidated insurance entities. At least once a year these assets are reviewed to ascertain whether they are impaired (i.e. there is objective evidence, as a result of an event that occurred after initial recognition of the reinsurance asset, that the Group may not receive all amounts due to it under the terms of the contract and the amount that will not be received can be reliably measured), and any impairment loss is recognised in the consolidated income statement and the assets are written down. Liabilities under insurance contracts includes the technical provisions recorded by the consolidated entities to cover claims arising from insurance contracts in force at year-end. Insurers’ results relating to their insurance business are recognised, according to their nature, under the related consolidated income statement items. In accordance with standard accounting practice in the insurance industry, the consolidated insurance entities credit to the income statement the amounts of the premiums written and charge to income the cost of the claims incurred on final settlement thereof. Insurance entities are therefore required to accrue at period-end the unearned revenues credited to their income statements and the accrued costs not charged to income. At least at each reporting date the Group assesses whether the insurance contract liabilities recognised in the consolidated balance sheet are adequate. For this purpose, it calculates the difference between the following amounts: • Current estimates of future cash flows under the insurance contracts of the consolidated entities. These estimates include all contractual cash flows and any related cash flows, such as claims handling costs; and • The carrying amount recognised in the consolidated balance sheet of its insurance contract liabilities (see Note 15), less any related deferred acquisition costs or related intangible assets, such as the amount paid to acquire, in the event of purchase by the entity, the economic rights held by a broker deriving from policies in the entity’s portfolio. If the calculation results in a positive amount, this deficiency is charged to the consolidated income statement. When unrealised gains or losses on assets of the Group’s insurance companies affect the measurement of liabilities under insurance contracts and/or the related deferred acquisition costs and/or the related intangible assets, these gains or losses are recognised directly in equity. The corresponding adjustment in the liabilities under insurance contracts (or in the deferred acquisition costs or in intangible assets) is also recognised in equity. The most significant items forming part of the technical provisions (see Note 15) are detailed below: • Non-life insurance provisions: i) Provision for unearned premiums: relates to the portion of the premiums received at year-end that is allocable to the period from the reporting date to the end of the policy cover period. ii) Provisions for unexpired risks: this supplements the provision for unearned premiums to the extent that the amount of the latter is not sufficient to reflect all the assessed risks and expenses to be covered by the insurance companies in the policy period not elapsed at the reporting date. • Life insurance provisions: represent the value of the net obligations acquired vis-à-vis life insurance policyholders. These provisions include: i) Provision for unearned premiums and unexpired risks: this relates to the portion of the premiums received at year-end that is allocable to the period from the reporting date to the end of the policy cover period. ii) Mathematical provisions: these relate to the value of the insurance companies’ obligations, net of the policyholders’ obligations. These provisions are calculated on a policy-by-policy basis using an individual capitalisation system, taking as a basis for the calculation the premium accrued in the year, and in accordance with the technical bases of each type of insurance updated, where appropriate, by the local mortality tables. • Provision for claims outstanding: this reflects the total obligations outstanding arising from claims incurred prior to the reporting date. This provision is calculated as the difference between the total estimated or certain cost of the claims not yet reported, settled or paid and all the amounts already paid in relation to such claims. • Provision for bonuses and rebates: this provision includes the amount of the bonuses accruing to policyholders, insureds or beneficiaries and that of any premiums to be returned to policyholders or insureds, to the extent that such amounts have not been assigned at the reporting date. These amounts are calculated on the basis of the conditions of the related individual policies. • Technical provisions for life insurance policies where the investment risk is borne by the policyholders: these provisions are calculated on the basis of the indices established as a reference to determine the economic value of the policyholders’ rights . |
Tangible assets | Tangible assets Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows: i. Property, plant and equipment for own use Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount). Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated. The period tangible asset depreciation charge is recognised in the consolidated income statement and is calculated using the following depreciation rates (based on the average years of estimated useful life of the various assets): Average Buildings for own use 2.0 % Furniture 7.7 % Fixtures 7.0 % Office and IT equipment 25.0 % Lease use rights Less than the lease term or the useful life of the underlying asset The consolidated entities assess at the reporting date whether there is any indication that an asset may be impaired (i.e. its carrying amount exceeds its recoverable amount). If this is the case, the carrying amount of the asset is reduced to its recoverable amount and future depreciation charges are adjusted in proportion to the revised carrying amount and to the new remaining useful life (if the useful life has to be re-estimated). Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years. The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives. Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets. ii. Investment property Investment property reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices. The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use. In order to evaluate the possible impairment the Group determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach. In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as Level 2 valuations. In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments. iii. Assets leased out under an operating lease Property, plant and equipment - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease. The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use. |
Accounting for leases | Accounting for leases Since 1 January 2019, the Group has changed the accounting policy for leases when acting as a lessee (see Note 1.b). Until 31 December 2018, the accounting policy applied by the Group when acting as lessee was the following: i. Finance leases Finance leases are leases that transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. When the consolidated entities act as the lessors of an asset, the sum of the present value of the lease payments receivable from the lessee, including the exercise price of the lessee’s purchase option at the end of the lease term when such exercise price is sufficiently below fair value at the option date such that it is reasonably certain that the option will be exercised, is recognised as lending to third parties and is therefore included under Loans and receivables in the consolidated balance sheet. When the consolidated entities act as the lessees, they present the cost of the leased assets in the consolidated balance sheet, based on the nature of the leased asset, and, simultaneously, recognise a liability for the same amount (which is the lower of the fair value of the leased asset and the sum of the present value of the lease payments payable to the lessor plus, if appropriate, the exercise price of the purchase option). The depreciation policy for these assets is consistent with that for property, plant and equipment for own use. In both cases, the finance income and finance charges arising under finance lease agreements are credited and debited, respectively, to interest and similar income and interest expense and similar charges in the consolidated income statement so as to produce a constant rate of return over the lease term. ii. Operating leases In operating leases, ownership of the leased asset and substantially all the risks and rewards incidental thereto remain with the lessor. When the consolidated entities act as the lessors, they present the acquisition cost of the leased assets under Tangible assets (see Note 16). The depreciation policy for these assets is consistent with that for similar items of property, plant and equipment for own use, and income from operating leases is recognised on a straight-line basis under Other operating income in the consolidated income statement. When the consolidated entities act as the lessees, the lease expenses, including any incentives granted by the lessor, are charged on a straight-line basis to Other general administrative expenses in their consolidated income statements. . .. R . iii. Sale and leaseback transactions In sale and leaseback transactions where the sale is at fair value and the leaseback is an operating lease, any profit or loss is recognised at the time of sale. In the case of finance leasebacks, any profit or loss is amortised over the lease term. In accordance with IAS 17, in determining whether a sale and leaseback transaction results in an operating lease, the Group should analyse, inter alia, whether at the inception of the lease there are purchase options whose terms and conditions make it reasonably certain that they will be exercised, and to whom the gains or losses from the fluctuations in the fair value of the residual value of the related asset will accrue. |
Intangible assets | Intangible assets Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities. Only assets whose cost can be estimated reliably and from which the consolidated entities consider it probable that future economic benefits will be generated are recognised. Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses. i. Goodwill Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows: • If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets. • If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably. • The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments. Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised. At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated income statement. An impairment loss recognised for goodwill is not reversed in a subsequent period. ii. Other intangible assets Other intangible assets includes the amount of identifiable intangible assets (such as purchased customer lists and computer software). Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases. Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps. Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets. The intangible asset amortisation charge is recognised under Depreciation and amortisation in the consolidated income statement. In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated income statement. The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see Note 2.k). Internally developed computer software Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated. Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset. |
Other assets | Other assets Other assets in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows: • Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business. Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale. Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur. The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised. • Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity’s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items. Additionally, in this chapter at 31 December 2019, the right of collection acquired from Enagás Transporte is registered in the amount of EUR 666 million of principal charged to the gas system conferred by Royal Decree-Law 13/2004 (for which urgent measures were adopted in relation to with the gas system and due to the extraordinary and urgent need to find a solution to the complex technical situation existing in the underground storage of natural gas «Castor», especially after the resignation of the concession presented by its owner). In the aforementioned RD-law, it was agreed the hibernation of the Castor gas submarine storage facilities and the assignation of the operations required for its maintenance and operability to Enagás Transporte. It also recognised the value of the investment at EUR 1,350 million and an obligation to pay this amount to the holder of the extinguished concession by Enagás Transporte, recognising a collection right, charged to the monthly billing for access tolls and gas system fees during 30 years, for the amount paid to the holder of the extinguished concession plus the financial remuneration recognised by the RD-law. Banco Santander acquired, along with other financial entities, the collection right for its nominal redemption value under a contract with full legal effectiveness and protected, in good faith, in the full constitutionality of the RD-law that created it, set its amount, established the legal mechanism for its payment from the gas system and allowed its transfer with full effect against it. On 21 December 2017 the Constitutional Court gave a judgement declaring unconstitutional certain provisions of RD-Law 13/2014 and cancelling them due to procedural defect, considering that the urgency reasons for which said provisions had to be excluded from the ordinary legislative procedure were not proven. Among others, the recognition of the costs accrued until the entry into force of the Royal Decree by the concessionaire waiving the investment and, therefore, the compensation of EUR 1,350 million , and the recognition of Enagás Transporte's right of collection from the gas system for the amount of this compensation were cancelled. Because of the termination of the payment of the right of collection and the obligation to reimburse the amounts received following the declaration of unconstitutionality of the RD-law, the Bank has internally analysed the situation and, with due external advice, has concluded that the probability of recovery of the total amount invested is high, highlighting that the opinion of the Permanent Commission of the State Council No. 196/2019, of 27 June, in the ex officio review file of the final settlements paid to the bank under the gas system, and considers that the current situation involves an unjust enrichment of the State (or the gas system) having received a work but not having assumed the cost of its construction by the concessionaire. The bank has also initiated the administrative and judicial procedures that it has considered appropriate for the defence of its rights. None of these procedures have been concluded yet, but the bank considers them likely to be favourably resolved, existing other recovery channels available in the event that those described above are not successful. This indemnification asset, since it does not arise as a consequence of a contract, but rather from the liability of the State legislator, does not meet the definition of a financial asset. Consequently, and since it has the characteristic of certain, it also does not meet the definition of a contingent asset, it was classified as a non-financial asset. |
Other liabilities | Other liabilities Other liabilities includes the balance of all accrued expenses and deferred income, excluding accrued interest, and the amount of any other liabilities not included in other categories. |
Provisions and contingent assets and liabilities | Provisions and contingent assets and liabilities When preparing the financial statements of the consolidated entities, the Bank’s directors made a distinction between: • Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing. • Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. • Contingent assets: 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 one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits. The Group’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the notes. Provisions, which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year, are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced. Provisions are classified according to the obligations covered as follows (see Note 25): • Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, inclu ding obligations to pre-retirees and similar obligations. • Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined a s those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets. • Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures. |
Court proceedings and/or claims in process | Court proceedings and/or claims in process At the end of 2019 certain court proceedings and claims were in process against the consolidated entities arising from the ordinary course of their operations (see Note 25). |
Own equity instruments | Own equity instruments Own equity instruments are those meeting both of the following conditions: • The instruments do not include any contractual obligation for the issuer: (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer. • The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments. Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity. Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity. |
Equity-instrument-based employee remuneration | Equity-instrument-based employee remuneration Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, the Group recognises in full, at the grant date, the expense for the services received. When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied. If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments. |
Recognition of income and expenses | Recognition of income and expenses The most significant criteria used by the Group to recognise its income and expenses are summarised as follows: i. Interest income, interest expenses and similar items Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities’ right to receive them arises. ii. Commissions, fees and similar items Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows: • Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid. • Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services. • Those relat ing to services provided in a single act are recognised when the single act is carried out. iii. Non-finance income and expenses They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied. iv. Deferred collections and payments These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates. v. Loan arrangement fees Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan. |
Financial guarantees | Financial guarantees Financial guarantees are defined as contracts whereby an entity undertakes to make specific payments on behalf of a third party if the latter fails to do so, irrespective of the various legal forms they may have, such as guarantees, insurance policies or credit derivatives. The Group initially recognises the financial guarantees provided on the liability side of 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 simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding. Financial guarantees, regardless 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. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in Note 2.g above). The provisions made for these transactions are recognised under Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet (see Note 25). These provisions are recognised and reversed with a charge or credit, respectively, to Provisions or reversal of provisions, net, in the consolidated income statement. If a specific provision is required for financial guarantees, the related unearned commissions recognised under Financial liabilities at amortised cost - Other financial liabilities in the consolidated balance sheet are reclassified to the appropriate provision. |
Assets under management and investment and pension funds managed by the Group | Assets under management and investment and pension funds managed by the Group Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. Management fees are included in Fee and commission income in the consolidated income statement. The investment funds and pension funds managed by the consolidated entities are not presented on the face of the Group’s consolidated balance sheet since the related assets are owned by third parties. The fees and commissions earned in the year for the services rendered by the Group entities to these funds (asset management and custody services) are recognised under Fee and commission income in the consolidated income statement. Note 2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds. |
Post-employment, other long-term employee, and termination benefits | Post-employment benefits Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits. The Group's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see Note 25). Defined contribution plans The contributions made in this connection in each year are recognised under Personnel expenses in the consolidated income statement. The amounts not yet contributed at each year-end are recognised, at their present value, under Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet. Defined benefit plans The Group recognises under Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet (or under Other assets on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets. Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions: • They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group. • They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remai ning in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by the Group. If the Group can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under Insurance contracts linked to pensions on the asset side of the consolidated balance sheet. Post-employment benefits are recognised as follows: • Curren t service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under Staff costs. • The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under Provisions or reversal of provisions. • Any gain or loss arising from a liquidation of the plan is included in the Provisions or reversion of provisions. • Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under Interest expense and similar charges (Interest and similar income if it constitutes income) in the consolidated income statement. The remeasurement of the net defined benefit liability (asset) is recognised in Other comprehensive income under Items not reclassified to profit or loss and includes: • Actuaria l gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions. • The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset). • Any change in th e effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). x) Other long-term employee benefits Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under Provisions or reversal of provisions, net, in the consolidated income statement (see Note 25). y) Termination benefits Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed. |
Income tax | Income tax The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity (see Note 1.b) - Amendment to IFRS Cycle 2015-2017. The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement. Deferred tax assets and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled. Tax assets include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards. Tax liabilities includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years. Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 920 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions. Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from the initial recognition (except in a business combination) of other assets and liabilities in a transaction that affects neither taxable profit nor accounting profit. Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised. Income and expenses recognised directly in equity are accounted for as temporary differences. The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed. |
Residual maturity periods and average interest rates | Residual maturity periods and average interest rates The analysis of the maturities of the balances of certain items in the consolidated balance sheet and the average interest rates at the end of the reporting periods is provided in Note 51. |
Consolidated statements of recognized income and expense | Consolidated statement of recognised income and expense This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity. Accordingly, this statement presents: a. Consolidated profit for the year. b. The net amount of the income and expenses recognised in Other comprehensive income under items that will not be reclassified to profit or loss. c. The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss. d. The income tax incurred in respect of the items indicated in b) and c) above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net. e. Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests. The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met. |
Statements of changes in total equity | Statement of changes in total equity This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items: a. Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospe ctive restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors. b. Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised income and expense. c. Other c hanges in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity instruments, equity-instrument-based payments, transfers between equity items and any other increases or decreases in consolidated equity. |
Consolidated statements of cash flows | Consolidated statement of cash flows The following terms are used in the consolidated statements of cash flows with the meanings specified: • Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified. The Group classifies as cash and cash equivalents the balances recognised under Cash, cash balances at central banks and other deposits on demand in the consolidated balance sheet. • Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities. • Investing activities : the acquisition and disposal of long-term assets and other investments not included in cash and cash equivalents. • Financing activities : activities that result in changes in the size and composition of the equity and liabilities that are not operating activities. During 2019 the Group received interest amounting to EUR 55,269 million (EUR 50,685 million in 2018) and paid interest amounting to EUR 20,671 million (EUR 19,927 million in 2018). Also, dividends received and paid by the Group are detailed in Notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests). |
Introduction, basis of presen_2
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Explanation of difference between operating lease commitments disclosed applying IAS 17 and lease liabilities recognised at date of initial application of IFRS 16 [text block] | A reconciliation between the operating lease commitments at 31 December 2018 and the lease liability recognised at 1 January 2019 is detailed below: Million euros Operating lease commitments at 31 December 2018 8,699 Amount of operating lease commitments discounted by the Group rate 6,550 (+) Liabilities under finance leases at 31 December 2018 96 (-) Short-term leases recognised as expenses on a straight-line basis (20 ) (-) Low-value leases recognised as expenses on a straight-line basis (2 ) (-) Contracts revalued as service contracts — (+)/(-) Adjustments resulting from different treatment of extension and termination options 556 (+)/(-) Adjustments related to changes in the index or rate affecting variable payments — Lease liability at 1 January 2019 7,180 |
Disclosure of detailed information about hedges | Subsequently, the nominal amount of the hedging instruments corresponding to the hedging relationships directly affected by uncertainties related to the IBOR reform is shown: Million euros 2019 GBP LIBOR USD LIBOR Others Total Total hedging instruments affected Cash flow hedges 28,077 21,894 2,213 52,184 Fair value hedges 64,629 15,758 3,248 83,635 92,706 37,652 5,461 135,819 With maturity after the transition date Cash flow hedges 15,692 7,421 1,863 24,975 Fair value hedges 53,180 11,467 2,849 67,497 68,872 18,888 4,712 92,472 |
Schedule of Reclassified Financial Instruments | The following table shows a comparison between IAS 39 as of 31 December 2017 and IFRS 9 as of 1 January 2018 of the reclassified financial instruments in accordance with the new requirements of IFRS 9 regarding classification and measurement (without impairment), as well as its book value: IAS 39 IFRS 9 Balance Portfolio Book value Portfolio Book value Equity instruments Financial assets available for sale (including those that were valued at cost at December) 2,154 Non-trading financial assets mandatorily at fair value through profit or loss 1,651 Financial assets at fair value through other comprehensive income 533 Debt instruments Loans and receivables 1,537 Non-trading financial assets mandatorily at fair value through profit or loss 1,497 457 Financial assets at fair value through other comprehensive income 486 Financial assets available for sale 96 Non-trading financial assets mandatorily at fair value through profit or loss 96 6,589 Financial assets at amortised cost 6,704 203 Financial assets held for trading 203 Financial assets at fair value through profit or loss 199 Non-trading financial assets mandatorily at fair value through profit or loss 199 Investments held-to-maturity 13,491 Financial assets at amortised cost 13,491 Loans and advances Loans and receivables 10,179 Non-trading financial assets mandatorily at fair value through profit or loss 611 Financial assets at fair value through profit or loss 9,577 Loans and receivables 1,069 Financial assets at fair value through other comprehensive income 1,107 Financial assets held for trading 43 Financial assets at fair value through profit or loss 1,152 Financial assets at amortised cost 1,102 Derivatives Derivatives – hedging accounting (liabilities) 10 Derivatives - financial liabilities held for trading 10 |
Schedule of Impact on Impairment Provisions | The following table shows a comparison between IAS 39 as of 31 December 2017 and IFRS 9 as of 1 January, 2018 of the impairment provisions of the financial instruments in accordance with the new requirements of IFRS 9: Million euros IAS 39 Impairment IFRS 9 31/12/2017 01/01/2018 Financial assets at amortised cost 24,682 1,974 26,656 Loans and advances 23,952 2,002 25,954 Debt instruments 730 (28 ) 702 Financial assets at fair value through other comprehensive income — 2 2 Debt instruments — 2 2 Commitments and guarantees granted 617 197 814 Total 25,299 2,173 27,472 Additionally, there was an impairment impact on Investments in joint ventures and associates of EUR 34 million. |
Disclosure of financial assets at date of initial application of IFRS 9 | The following table shows in detail the reconciliation the consolidated balance sheet under IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 distinguishing between the impacts due to classification and measurement and due to impairment once adopted IFRS 9: IAS 39 Naming Classification and Impairment impact IFRS 9 ASSETS (Million euros) 31/12/17 01/01/18 Cash, cash balances at central banks and other deposits on demand 110,995 — — — 110,995 Financial assets held for trading 125,458 — 160 — 125,618 Derivatives 57,243 — — — 57,243 Equity instruments 21,353 — — — 21,353 Debt instruments 36,351 — 203 — 36,554 Loans and advances 10,511 — (43 ) — 10,468 Non-trading financial assets mandatorily at fair value through profit or loss 933 4,054 c — 4,987 Equity instruments 933 1,651 — 2,584 Debt instruments — 1,792 — 1,792 Loans and advances — 611 — 611 Financial assets designated at fair value through profit or loss 34,782 (933 ) 8,226 — 42,075 Equity instruments 933 (933 ) — — Debt instruments 3,485 — (199 ) — 3,286 Loans and advances 30,364 — 8,425 a — 38,789 Financial assets at fair value through other comprehensive income 124,229 2,126 (2 ) 126,353 Equity instruments 2,636 533 — 3,169 Debt instruments 121,593 486 (2 ) 122,077 Loans and advances — 1,107 — 1,107 Financial assets available-for-sale 133,271 (124,229 ) (9,042 ) — Equity instruments 4,790 (2,636 ) (2,154 ) c — Debt instruments 128,481 (121,593 ) (6,888 ) b — Financial assets at amortised cost 889,779 a 21,297 (1,982 ) d 909,094 Debt instruments 15,557 b 20,195 b 20 35,772 Loans and advances 874,222 1,102 (2,002 ) 873,322 Loans and receivables 903,013 (889,779 ) a (13,242 ) 8 Debt instruments 17,543 (15,557 ) (1,994 ) c 8 Loans and advances 885,470 (874,222 ) (11,248 ) a,c — Investments held to maturity 13,491 — (13,491 ) b — — Investments 6,184 — — (34 ) 6,150 Other assets** 117,111 — 6 680 e 117,797 TOTAL ASSETS 1,444,305 — 94 (1,330 ) 1,443,069 * Due to the entry into force of Bank of Spain Circular 4/2017. ** Includes Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Assets under insurance or reinsurance contracts, Tangible assets, Intangible assets, Tax assets, Other assets and Non-current assets held for sale. a. The amount of the item Loans and receivables at 31 December 2017 is reclassified into Financial assets at amortised cost. Nevertheless, the Group maintained a portfolio of loans and receivables for an approximate amount of EUR 8,600 million, which relate mainly to Brazil, which was designated at amortised cost; as a result of the initial implementation of IFRS 9 this portfolio has been designated as fair value and finally it has been reclassified as ‘Financial assets designated at fair value through profit or loss’. b. Instruments classified as Investments held to maturity at 31 December 2017 have been reclassified into Financial assets available-for-sale because of the initial implementation of IFRS 9. Additionally, after the review of the business model of cash flow portfolio in different locations, the group has identified certain groups of assets classified at 31 December 2017 as Financial assets available-for-sale, which relate mainly to Mexico, Brazil and Consumer Finance business, whose management is oriented towards the maintenance of financial instruments in a portfolio until maturity end; because of that, this asset group has been reclassified as Financial assets at amortised cost. c. The Group has reclassified in Non-trading financial assets mandatory at fair value through profit or loss those financial instruments which have not comply with the SPPI test (solely payments of principal and interest) classified at 31 December 2017 mainly in Loans and receivables and Financial assets available for sale, which relate mainly to the UK, Spain and Poland. d. It corresponds to the increase in provisions for impairment of the value of the assets included in the item Financial assets at amortised cost derived from the change in accounting policy. e. This corresponds with increase on provisions for the tax effect referred in section d. |
Disclosure of financial liabilities at date of initial application of IFRS 9 | IAS 39 Naming Classification and Impairment impact IFRS 9 LIABILITIES (Million euros) 31/12/2017 01/01/2018 Financial liabilities held for trading 107,624 — 10 — 107,634 Derivatives 57,892 — 10 — 57,902 Short positions 20,979 — — — 20,979 Deposits 28,753 — — — 28,753 Marketable debt securities — — — — — Other financial liabilities — — — — — Financial liabilities designated at fair value through profit or loss 59,616 — — — 59,616 Deposits 55,971 — — — 55,971 Marketable debt securities 3,056 — — — 3,056 Other financial liabilities 589 — — — 589 Financial liabilities at amortised cost 1,126,069 — — — 1,126,069 Deposits 883,320 — — — 883,320 Marketable debt securities 214,910 — — — 214,910 Other financial liabilities 27,839 — — — 27,839 Hedging derivatives 8,044 — (10 ) — 8,034 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 330 — — — 330 Provisions 14,489 — — 197 14,686 Contingent liabilities and commitments 617 — — 197 814 Other provisions* 13,872 — — — 13,872 Other liabilities ** 21,300 — 41 (3 ) 21,338 TOTAL LIABILITIES 1,337,472 — 41 194 1,337,707 * Includes Pensions and other post-retirements obligations, Other long-term employee benefits, Taxes and other legal contingencies and Other provisions (including guarantees and other contingent liabilities). ** Includes Liabilities under insurance or reinsurance contracts, Tax liabilities, Other liabilities and Liabilities associated with non-current assets held for sale. IAS 39 Naming Classification and Impairment impact IFRS 9 EQUITY (Million euros) 31/12/2017 01/01/2018 Shareholders’ equity 116,265 — 91 (1,401 ) 114,955 Capital 8,068 — — — 8,068 Share premium 51,053 — — — 51,053 Equity instruments issued 525 — — — 525 Other equity 216 — — — 216 Accumulated retained earnings 53,437 — — — 53,437 Revaluation reserves — — — — — Other reserves (1,602 ) — 91 (1,401 ) (2,912 ) Own shares (22 ) — — — (22 ) Profit attributable to 6,619 — — — 6,619 Interim dividends (2,029 ) — — — (2,029 ) Other comprehensive income (21,776 ) — (53 ) — (21,829 ) Items not reclassified to profit or loss (4,034 ) 919 (152 ) — (3,267 ) Actuarial gains or losses on defined benefit pension plans (4,033 ) — — — (4,033 ) Non-current assets held for sale — — — — — Share in other income and expenses recognised in investments in joint ventures and associates (1 ) 5 (5 ) — (1 ) Other valuation adjustments — — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income 914 (141 ) — 773 Inefficacy of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income — — — — Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk — (6 ) — (6 ) Items that may be reclassified (17,742 ) (919 ) 99 — (18,562 ) Hedge of net investment in foreign operations (effective portion) (4,311 ) — — — (4,311 ) Exchange differences (15,430 ) — — — (15,430 ) Hedging derivatives. Cash flow hedges (effective portion) 152 — — — 152 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income 1,154 99 — 1,253 Hedging instruments (items not designated) — — — — Financial assets available for sale 2,068 (2,068 ) — — Debt instruments 1,154 (1,154 ) — — Equity instruments 914 (914 ) — — Non-current assets held for sale — — — — — Share in other income and expenses recognised in investments in joint ventures and associates (221 ) (5 ) — — (226 ) Non controlling interests 12,344 — 15 (123 ) 12,236 Other comprehensive income (1,436 ) — 3 — (1,433 ) Other elements 13,780 — 12 (123 ) 13,669 EQUITY 106,833 — 53 (1,524 ) 105,362 TOTAL EQUITY AND LIABILITIES 1,444,305 — 94 (1,330 ) 1,443,069 * Due to the entry into force of Bank of Spain Circular 4/2017. |
Accounting policies (Tables)
Accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Schedule of estimated effect on the consolidated equity attributable to the Group and on consolidated profit of a 1% change in the euro against the corresponding currency | The estimated effect on the consolidated equity attributable to the Group and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar (161.3 ) (162.3 ) (157.9 ) (3.5 ) (4.1 ) (1.4 ) Chilean peso (21.8 ) (22.9 ) (29.0 ) (2.3 ) (5.1 ) (1.8 ) Pound sterling (189.2 ) (171.2 ) (176.6 ) (3.9 ) (4.5 ) (3.1 ) Mexican peso (22.6 ) (18.3 ) (16.0 ) (3.3 ) (1.7 ) (1.2 ) Brazilian real (71.6 ) (85.6 ) (93.1 ) (10.4 ) (5.6 ) (6.5 ) Polish zloty (38.3 ) (36.2 ) (34.5 ) (1.2 ) (4.2 ) (1.5 ) Argentine peso (6.9 ) (7.8 ) (7.4 ) (1.2 ) (0.6 ) (3.5 ) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: Million euros Effect on Effect on Currency 2019 2018 2017 2019 2018 2017 US dollar 164.6 165.6 161.1 3.5 4.2 1.5 Chilean peso 22.2 23.4 29.6 2.4 5.2 1.8 Pound sterling 193.0 174.7 180.2 4.0 4.6 3.2 Mexican peso 23.1 18.6 16.3 3.4 1.8 1.2 Brazilian real 73.1 87.4 95.0 10.6 5.7 6.6 Polish zloty 39.0 36.9 35.2 1.2 4.2 1.5 Argentine peso 7.0 8.0 7.6 1.3 0.6 3.6 |
Summary of fair values of financial assets and liabilities | The following table shows a summary of the fair values, at the end of 2019 , 2018 and 2017 , of the financial assets and liabilities indicated below, classified on the basis of the various measurement methods used by the Group to determine their fair value: Million euros 2019 2018* 2017 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 44,581 63,649 108,230 37,108 55,771 92,879 58,215 67,243 125,458 Non-trading financial assets mandatorily at fair value through profit or loss 1,530 3,381 4,911 1,835 8,895 10,730 Financial assets designated at fair value through profit or loss 2,572 59,497 62,069 3,102 54,358 57,460 3,823 30,959 34,782 Financial assets at fair value through other comprehensive income 103,089 22,619 125,708 103,590 17,501 121,091 Financial assets available-for-sale** 113,258 18,802 132,060 Hedging derivatives (assets) — 7,216 7,216 — 8,607 8,607 — 8,537 8,537 Financial liabilities held for trading 9,781 67,358 77,139 16,104 54,239 70,343 21,828 85,796 107,624 Financial liabilities designated at fair value through profit or loss 1,484 59,511 60,995 987 67,071 68,058 769 58,847 59,616 Hedging derivatives (liabilities) — 6,048 6,048 5 6,358 6,363 8 8,036 8,044 Liabilities under insurance or reinsurance contracts — 739 739 — 765 765 — 1,117 1,117 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** In addition to the financial instruments measured at fair value shown in the foregoing table, at 31 December 2017, the Group held equity instruments classified as Financial assets available-for-sale and carried at cost amounting to EUR 1,211 million (see Note 51.c). |
Schedule of financial instruments at fair value whose measurement was based on internal models (Levels 2 and 3) | Set forth below are the financial instruments at fair value whose measurement was based on internal models (Levels 2 and 3) at 31 December 2019 , 2018 and 2017 : Million euros Fair values calculated 2019** Level 2 Level 3 Valuation techniques Main assumptions ASSETS: 149,711 6,651 Financial assets held for trading 63,051 598 Credit institutions — — Present value method Yield curves, FX market prices Customers*** 355 — Present value method Yield curves, FX market prices Debt and equity instruments 760 65 Present value method Yield curves, FX market prices Derivatives 61,936 533 Swaps 51,594 182 Present value method, Gaussian Copula**** Yield curves, FX market prices, HPI, Basis, Liquidity Exchange rate options 469 8 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 3,073 177 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate futures 190 — Present value method Yield curves, FX market prices Index and securities options 1,164 95 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Other 5,446 71 Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others Hedging derivatives 7,216 — Swaps 6,485 — Present value method Yield curves, FX market prices, Basis Interest rate options 25 — Black's Model Yield curves, FX market prices, Volatility surfaces Other 706 — Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others Non-trading financial assets mandatorily at fair value through profit or loss 1,780 1,601 Equity instruments 1,272 550 Present value method Market price, Interest rates curves, Dividends and Others Debt instruments 498 675 Present value method Interest rates curves Loans and receivables*** 10 376 Present value method, swap asset model & CDS Interest rates curves and Credit curves Financial assets designated at fair value through profit or loss 58,833 664 Central banks 6,474 — Present value method Interest rates curves, FX market prices Credit institutions 21,598 50 Present value method Interest rates curves, FX market prices Customers 30,729 32 Present value method Interest rates curves, FX market prices, HPI Debt instruments 32 582 Present value method Interest rates curves, FX market prices Financial assets at fair value through other comprehensive income 18,831 3,788 Equity instruments 98 407 Present value method Market price, Interest rates curves, Dividends and Others Debt instruments 17,486 188 Present value method Interest rates curves, FX market prices Loans and receivables 1,247 3,193 Present value method Interest rates curves, FX market prices and Credit curves Million euros Fair values calculated 2019** Level 2 Level 3 Valuation techniques Main assumptions LIABILITIES 132,582 1,074 Financial liabilities held for trading 67,068 290 Central banks — — Present value method Yield curves, FX market prices Credit institutions — — Present value method Yield curves, FX market prices Customers — — Present value method Yield curves, FX market prices Derivatives 61,789 290 Swaps 49,927 115 Present value method, Gaussian Copula**** Yield curves, FX market prices, Basis, Liquidity, HPI Exchange rate options 658 1 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 4,291 34 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Index and securities options 1,309 88 Black-Scholes Model Yield curves, FX market prices Interest rate and equity futures 20 2 Present value method Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Other 5,584 50 Present value method, Advanced stochastic volatility models Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Short positions 5,279 — Present value method Yield curves ,FX & EQ market prices, Equity Hedging derivatives 6,048 — Swaps 4,737 — Present value method Yield curves ,FX & EQ market prices, Basis Interest rate options 10 — Black's Model Yield curves , Volatility surfaces, FX market prices, Liquidity Other 1,301 — Present value method, Advanced stochastic volatility models and other Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other Financial liabilities designated at fair value through profit or loss 58,727 784 Present value method Yield curves, FX market prices Liabilities under insurance contracts 739 — Present Value Method with actuarial techniques Mortality tables and interest rate curves Million euros Fair values calculated Fair values calculated 2018* ** 2017** Level 2 Level 3 Level 2 Level 3 Valuation techniques ASSETS: 140,659 4,473 124,178 1,363 Financial assets held for trading 55,033 738 66,806 437 Credit institutions — — 1,696 — Present value method Customers*** 205 — 8,815 — Present value method Debt and equity instruments 314 153 335 32 Present value method Derivatives 54,514 585 55,960 405 Swaps 44,423 185 44,766 189 Present value method, Gaussian Copula**** Exchange rate options 617 2 463 5 Black-Scholes Model Interest rate options 3,778 149 4,747 162 Black's Model, Heath-Jarrow- Morton Model Interest rate futures — — 2 — Present value method Index and securities options 1,118 198 1,257 5 Black-Scholes Model Other 4,578 51 4,725 44 Present value method, Monte Carlo simulation and others Hedging derivatives 8,586 21 8,519 18 Swaps 7,704 21 7,896 18 Present value method Interest rate options 20 — 13 — Black’s Model Other 862 — 610 — N/A Non-trading financial assets mandatorily at fair value through profit or loss 7,492 1,403 Equity instruments 985 462 Present value method Debt instruments 5,085 481 Present value method Loans and receivables*** 1,422 460 Present value method, swap asset model & CDS Financial assets designated at fair value through profit or loss 53,482 876 30,677 282 Central banks 9,226 — Credit institutions 22,897 201 9,889 — Present value method Customers***** 21,355 560 20,403 72 Present value method Debt instruments 4 115 Present value method Debt and equity instruments 385 210 Present value method Financial assets at fair value through other comprehensive income 16,066 1,435 Equity instruments 455 581 Present value method Debt instruments 14,699 165 Present value method Loans and receivables 912 689 Present value method Financial assets available-for-sale 18,176 626 Debt and equity instruments 18,176 626 Present value method Million euros Fair values calculated Fair values calculated 2018* ** 2017* ** Level 2 Level 3 Level 2 Level 3 Valuation techniques LIABILITIES: 127,991 442 153,600 196 Financial liabilities held for trading 53,950 289 85,614 182 Central banks — — 282 — Present value method Credit institutions — — 292 — Present value method Customers — — 28,179 — Present value method Derivatives 53,950 289 56,860 182 Swaps 43,489 111 45,041 100 Present value method, Gaussian Copula**** Exchange rate options 610 7 497 9 Black-Scholes Model Interest rate options 4,411 26 5,402 19 Black's Model, Heath-Jarrow- Morton Model Index and securities options 1,233 143 1,527 41 Black-Scholes Model Interest rate and equity futures 7 — 1 — Present value method Other 4,200 2 4,392 13 Present value method, Monte Carlo simulation and others Short positions — — 1 — Present value method Hedging derivatives 6,352 6 8,029 7 Swaps 5,868 6 7,573 7 Present value method Interest rate options 158 — 287 — Black’s Model Other 326 — 169 — N/A Financial liabilities designated at fair value through profit or loss 66,924 147 58,840 7 Present value method Liabilities under insurance contracts 765 — 1,117 — Present value method with actuarial techniques * See reconciliation of IAS 39 as of 31 December 2017 as of 1 January 2018 (see Note 1.d). ** Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. *** Includes mainly short-term loans and reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). **** Includes credit risk derivatives with a net fair value of EUR -6 million at 31 December 2019 (31 December 2018 and 2017 : net fair value of EUR 0 million and EUR 0 million , respectively). These assets and liabilities are measured using the Standard Gaussian Copula Model. ***** Includes home mortgage loans to financial institutions in the UK (which are regulated and partly financed by the Government). The fair value of these loans was obtained using observable market variables, including current market transactions with similar amounts and collateral facilitated by the UK Housing Association. Since the Government is involved in these financial institutions, the credit risk spreads have remained stable and are homogeneous in this sector. The results arising from the valuation model are checked against current market transactions. |
Schedule of effect on fair value of financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation | This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table: Portfolio/Instrument Impacts (Million euros) (Level 3) Valuation technique Main unobservable inputs Range Weighted Unfavourable Favorable Financial assets held for trading Trading derivatives Present value model Curves on TAB indexes* a a (0.2 ) 0.2 Present value model, modified Black Scholes HPI forward growth rate 0%-5% 2.5% (23.8 ) 23.1 HPI spot n/a 785.87** (8.5 ) 8.5 Interest rate curve, FX market prices CPR n/a n/a (163.2 ) 84.4 Caps/Floors Black Model No interest rate curve observable in the market. It is valued with the MXNTIIE28 swap curve and an FVA is calculated based on the differential between the corresponding fixings. MXNTIIE28 curve + (-25bp, -2bp) (13bp) 0.2 2.1 Cross Currency Swaps Forward estimation - No interest rate curve observable in the market. It is valued with the MXNTIIE28 swap curve and an FVA is calculated based on the differential between the corresponding fixings. -MXN long term fees MXNTIIE91 Curve = MXNTIIE28 Curve + (-25bp, -2bp) TIIE91 -13bp (0.4 ) 0.4 Quanto options Local term volatility and reference strike under the partial differential equation method. No market volatility, a proxy is used Beta vs Volatility Surface STOXX50E Beta 65% — — Interest Rate Swaps Forward Estimation This is a Balance Guaranteed Swap, which, as it did not have the appropriate valuation model, was completely covered Back-to-Back (both IRS clauses contain the same conditions for repayments) n/a n/a — — Interest Rate Swaps Forward Estimation - No interest rate curve observable in the market. It is valued with the MXNTIIE28 swap curve and an FVA is calculated based on the differential between the corresponding fixings. -MXN long term fees 'MXNTIIE91 Curve = MXNTIIE28 Curve + (-25bp, -2bp) 'TIIE91 -13bp (0.6 ) 1.7 Financial assets at fair value through other comprehensive income Debt instruments and equity holdings Present value method, others Contingencies for litigation 0 - 100% 22% (26.5 ) 7.3 Present value method, others Late payment and prepayment rate capital cost, long-term profit growth rate a a (11.4 ) 11.4 Present value method, others Interest Rate Curves, FX Market Prices and Credit Curves a a (2.2 ) 2.2 Loans and advances to customers Local volatility Long term volatility n/a 34% 244.9 (313.8 ) Estimation of default probabilities from credit curves CDS curves, generic curves are used CDS Spread (24bp, 55bp) 35.63 spread (26.6 ) — Non-trading financial assets mandatorily at fair value through profit or loss Credit to customers Weighted average by probability (according to forecast mortality rates) of European HPI options, using the Black-Scholes model HPI forward growth rate 0%-5% 2.7% (6.6 ) 5.8 Debt instruments and equity instruments HPI spot n/a 785.87** (7.7 ) 7.7 TD Black Spain volatility n/a 4.7% 2.2 (11.5 ) Asset Swap and CDS Model Model - Interest Rate Curves and Credit n/a 7.7% (19.8 ) 4.4 Cvx. Adj (SLN) Long term volatility n/a 8.0% (121.2 ) 105.1 Present Value Model, others Credit Spreads 0.2%-1.6% 1.0% 0.1 (0.1 ) Financial liabilities held for trading Trading derivatives Present value method, modifed Black-Scholes Model HPI forward growth rate 0%-5% 2.4% (7.3 ) 6.8 HPI spot n/a 765.38** (4.3 ) 4.9 Equity Linked Deposits Basis Risk 1.5% -2% 0.50% (6.8 ) 0.8 Curves on TAB indexes* a a — — Discounted flows denominated in different currencies This is a Balance Guaranteed Swap, which, as it did not have the appropriate valuation model, was completely covered Back-to-Back (both IRS clauses contain the same conditions for repayments) n/a n/a — — Discounted flows denominated in different currencies No interest rate curve observable in the market. It is valued with the MXNTIIE28 swap curve and an FVA is calculated* MXNTIIE28 Curve (5bp) — 0.1 Hedging derivatives (liabilities) Hedging derivatives Advanced models of local and stochastic volatility Correlation between the price of shares 55%-75% 65% n/a n/a Advanced multi-factor interest rates models Mean reversion of interest rates 0.0001-0.03 0.01*** — — Financial liabilities designated at fair value through profit or loss — — — — b b Customer deposits Flow Discounting Method Curve specified by the local regulator Curve (IGPM + 6%) + 100bps Curve (IGPM + 6%) + 100bps (37.0 ) 37.0 * TAB: “Tasa Activa Bancaria” (Active Bank Rate). Average interest rates on 30, 90, 180 and 360-day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)). ** There are national and regional HPIs. The HPI spot value is the weighted average of the indices that correspond to the positions of each portfolio. The impact reported is in response to a 10% shift. *** Theoretical average value of the parameter. The change made for the favourable scenario is from 0.0001 to 0.03 . An unfavourable scenario was not considered as there was no margin for downward movement from the parameter’s current level. a. The exercise was performed for the unobservable inputs described in the column "Main unobservable inputs" under probable scenarios. The weighted average range and value used is not shown because this exercise has been carried out jointly for different inputs or variants of them (for example, the TAB input are vector-term curves, for which there are also nominal and indexed curves to inflation), it is not possible to break down the result in an isolated manner by type of input. In the case of the TAB curve, the result is reported before movements of +/‑100 b.p. for the joint sensitivity of this index in CLP (Chilean peso) and UF. The same applies for interest rates in MXN (Mexican peso). b. The Group calculates the potential impact on the measurement of each instrument on a joint basis, regardless of whether the individual value is positive (assets) or negative (liabilities), and discloses the joint effect associated with the related instruments classified on the asset side of the consolidated balance sheet. Note: Null impacts in Quanto options arise because the position is completely covered back-to-back. |
Schedule of changes in financial instruments classified as Level 3 | Lastly, the changes in the financial instruments classified as Level 3 in 2019 , 2018 and 2017 were as follows: 2018 Changes 2019 Million euros Fair value calculated using internal models (Level 3) Purchases/ Issuances Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 738 142 (80 ) 115 — (317 ) — 598 Debt instruments and equity instruments 153 34 (38 ) 4 — (88 ) — 65 Trading derivatives 585 108 (42 ) 111 — (229 ) — 533 Swaps 185 10 (14 ) 22 — (20 ) (1 ) 182 Exchange rate options 2 — — 6 — — — 8 Interest rate options 149 — (5 ) 33 — — — 177 Index and securities options 198 48 (18 ) 50 — (182 ) (1 ) 95 Other 51 50 (5 ) — — (27 ) 2 71 Hedging derivatives (Assets) 21 — — — — (21 ) — — Swaps 21 — — — — (21 ) — — Financial assets at fair value through profit or loss 876 55 (16 ) 65 — (261 ) (55 ) 664 Credit entities 201 — — — — (151 ) — 50 Loans and advances to customers 560 20 (9 ) (1 ) — (496 ) (42 ) 32 Debt instruments 115 35 (7 ) 66 — 386 (13 ) 582 Non-trading financial assets mandatorily at fair value through profit or loss 1,403 426 (325 ) 81 — — 16 1,601 Loans and advances to customers 460 126 (252 ) 21 — — 21 376 Debt instruments 481 199 (7 ) (10 ) — — 12 675 Equity instruments 462 101 (66 ) 70 — — (17 ) 550 Financial assets at fair value through other comprehensive income 1,435 4,424 (1,698 ) — (190 ) (252 ) 69 3,788 TOTAL ASSETS 4,473 5,047 (2,119 ) 261 (190 ) (851 ) 30 6,651 Financial liabilities held for trading 289 136 (12 ) 45 — (164 ) (4 ) 290 Trading derivatives 289 136 (12 ) 45 — (164 ) (4 ) 290 Swaps 111 6 (5 ) (17 ) — 20 — 115 Exchange rate options 7 1 — — — (7 ) — 1 Interest rate options 26 — — 8 — — — 34 Index and securities options 143 79 (7 ) 51 — (177 ) (1 ) 88 Securities and interest rate futures — 3 — — — — (1 ) 2 Others 2 47 — 3 — — (2 ) 50 Hedging derivatives (Liabilities) 6 — — — — (6 ) — — Swaps 6 — — — — (6 ) — — Financial liabilities designated at fair value through profit or loss 147 298 (5 ) 31 — 313 — 784 TOTAL LIABILITIES 442 434 (17 ) 76 — 143 (4 ) 1,074 2017 2018* Million euros Fair value Purchases/ Issuances Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 437 85 (60 ) (16 ) — 312 (20 ) 738 Debt instruments and equity instruments 32 22 (40 ) 2 — 141 (4 ) 153 Trading derivatives 405 63 (20 ) (18 ) — 171 (16 ) 585 Swaps 189 — (8 ) 4 — 4 (4 ) 185 Exchange rate options 5 — — (2 ) — — (1 ) 2 Interest rate options 162 — (3 ) (16 ) — 8 (2 ) 149 Index and securities options 5 41 (1 ) (35 ) — 195 (7 ) 198 Other 44 22 (8 ) 31 — (36 ) (2 ) 51 Hedging derivatives (Assets) 18 — — 3 — — — 21 Swaps 18 — — 3 — — — 21 Financial assets designated at fair value through profit or loss — 105 — 19 — 699 53 876 Credit entities — — (1 ) — 202 — 201 Loans and advances to customers — — — 6 — 497 57 560 Debt instruments — 105 — 14 — — (4 ) 115 Non-trading financial assets mandatorily at fair value through profit or loss 1,365 66 (35 ) 12 — 31 (36 ) 1,403 Loans and advances to customers 465 56 (22 ) 20 — — (59 ) 460 Debt instruments 518 — (7 ) (29 ) — 1 (2 ) 481 Equity instruments 382 10 (6 ) 21 — 30 25 462 Financial assets at fair value through other comprehensive income 1,726 162 (238 ) — (269 ) 147 (93 ) 1,435 TOTAL ASSETS 3,546 418 (333 ) 18 (269 ) 1,189 (96 ) 4,473 Financial liabilities held for trading 182 41 (95 ) 9 — 161 (9 ) 289 Trading derivatives 182 41 (95 ) 9 — 161 (9 ) 289 Swaps 100 — (7 ) (7 ) — 28 (3 ) 111 Exchange rate options 9 — — (2 ) — — — 7 Interest rate options 19 — (1 ) (1 ) — 10 (1 ) 26 Index and securities options 41 41 (87 ) 25 — 128 (5 ) 143 Other 13 — — (6 ) — (5 ) — 2 Hedging derivatives (Liabilities) 7 — — (1 ) — — — 6 Swaps 7 — (1 ) — — — 6 Financial liabilities designated at fair value through profit or loss 7 140 — — — — — 147 TOTAL LIABILITIES 196 181 (95 ) 8 — 161 (9 ) 442 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note1.d). 2016 Changes 2017 Million euros Fair value Purchases/ Issuances Sales/ Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 341 45 (21 ) (129 ) — 200 1 437 Debt and equity instruments 40 — (7 ) (1 ) — — — 32 Derivatives 301 45 (14 ) (128 ) — 200 1 405 Swaps 55 1 (6 ) (59 ) — 200 (2 ) 189 Exchange rate options 2 5 — (2 ) — — — 5 Interest rate options 173 — — (11 ) — — — 162 Index and securities options 26 — (1 ) (18 ) — — (2 ) 5 Other 45 39 (7 ) (38 ) — — 5 44 Hedging derivatives (Assets) 27 — (2 ) (7 ) — — — 18 Swaps 27 — (2 ) (7 ) — — — 18 Financial assets designated at fair value through profit or loss 325 — (9 ) (20 ) — — (14 ) 282 Loans and advances to customers 74 — (2 ) 3 — — (3 ) 72 Debt instruments 237 — (7 ) (21 ) — — (10 ) 199 Equity instruments 14 — — (2 ) — — (1 ) 11 Financial assets available-for-sale 656 1 (244 ) — 59 (6 ) 160 626 TOTAL ASSETS 1,349 46 (276 ) (156 ) 59 194 147 1,363 Financial liabilities held for trading 69 33 (3 ) (38 ) — 126 (5 ) 182 Derivatives 69 33 (3 ) (38 ) — 126 (5 ) 182 Swaps 1 — — (26 ) — 126 (1 ) 100 Exchange rate options — 21 — (11 ) — — (1 ) 9 Interest rate options 21 — — (2 ) — — — 19 Index and securities options 46 — (3 ) — — — (2 ) 41 Other 1 12 — 1 — — (1 ) 13 Hedging derivatives (Liabilities) 9 — — (2 ) — — — 7 Swaps 9 — — (2 ) — — — 7 Financial liabilities designated at fair value through profit or loss 8 — — — — — (1 ) 7 TOTAL LIABILITIES 86 33 (3 ) (40 ) — 126 (6 ) 196 |
Schedule of financial assets and liabilities offset in consolidated balance sheets | Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2019 , 2018 and 2017 : 31 December 2019 Million euros Assets Gross amount Gross amount Net amount Derivatives 126,389 (55,776 ) 70,613 Reverse repurchase agreements 89,465 (5,168 ) 84,297 Total 215,854 (60,944 ) 154,910 31 December 2018 Million euros Assets Gross amount Gross amount Net amount Derivatives 107,055 (42,509 ) 64,546 Reverse repurchase agreements 79,114 (4,031 ) 75,083 Total 186,169 (46,540 ) 139,629 31 December 2017 Million euros Assets Gross amount Gross amount Net amount Derivatives 103,740 (37,960 ) 65,780 Reverse repurchase agreements 56,701 (7,145 ) 49,556 Total 160,441 (45,105 ) 115,336 Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2019, 2018 and 2017: 31 December 2019 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 124,840 (55,776 ) 69,064 Reverse repurchase agreements 81,087 (5,168 ) 75,919 Total 205,927 (60,944 ) 144,983 31 December 2018 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 104,213 (42,509 ) 61,704 Reverse repurchase agreements 82,201 (4,031 ) 78,170 Total 186,414 (46,540 ) 139,874 31 December 2017 Million euros Liabilities Gross amount Gross amount Net amount Derivatives 103,896 (37,960 ) 65,936 Reverse repurchase agreements 110,953 (7,145 ) 103,808 Total 214,849 (45,105 ) 169,744 |
Criteria used to determine if a financial instrument has increased credit risk | In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in Stage 2, the Group considers the following criteria: Quantitative criteria Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition. With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units. Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in Note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio. Qualitative criteria In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.). |
Schedule of tangible asset depreciation rates | The period tangible asset depreciation charge is recognised in the consolidated income statement and is calculated using the following depreciation rates (based on the average years of estimated useful life of the various assets): Average Buildings for own use 2.0 % Furniture 7.7 % Fixtures 7.0 % Office and IT equipment 25.0 % Lease use rights Less than the lease term or the useful life of the underlying asset |
Santander Group (Tables)
Santander Group (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Banco Popular Espanol, S.A. | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combination [text block] | In accordance with IFRS 3, the Group measured the identifiable assets acquired and liabilities assumed at fair value. The detail of this fair value of the identifiable assets acquired and liabilities assumed at the business combination date was as follows: As of 7 June, 2017 Million Cash and balances with central banks 1,861 Financial assets available-for-sale 18,974 Deposits from credit institutions 2,971 Loans and receivables* 82,057 Investments 1,815 Intangible assets* 133 Tax assets* 3,945 Non-current assets held for sale* 6,531 Other assets 6,259 Total assets 124,546 Deposits from central banks 28,845 Deposits from credit institutions 14,094 Customer deposits 62,270 Marketable debt securities and 12,919 Provisions *** 1,816 Other liabilities 4,850 Total liabilities ** 124,794 Net assets (248 ) Purchase consideration — Goodwill 248 * The main fair value adjustments were the following: • Loans and receivables: in the estimation of their fair value, impairment have been considered for an approximate amount of EUR 3,239 million , considering, among others, the sale process carried out by the Bank. • Foreclosed assets: the valuation, considering the sale process carried out by the company, has meant a reduction in the value of EUR 3,806 million , approximately. • Intangible assets: includes value reductions amounting to approximately of EUR 2,469 million , mainly recorded under the “Intangible assets - goodwill”. • Deferred tax assets: mainly corresponds to the reduction of the value of negative tax bases and deductions for an approximate amount of EUR 1,711 million . ** After the initial analysis and the conversion of the subordinated debt, the best estimation is there is no significant impact between fair value and previous carrying amount of the financial liabilities. ***As a result of the resolution of Banco Popular S.A.U., it includes the estimated cost of EUR 680 million relating to the potential compensation to the shareholders of Banco Popular S.A.U. of which EUR 535 million have been applied to the fidelity action. |
Distribution of the Bank's pr_2
Distribution of the Bank's profit, shareholder remuneration scheme and earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Shareholder remuneration system and earnings per share | |
Schedule of proposed distribution of net profit | The distribution of the Bank's net profit against the results for 2019 , that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: Million of euros Dividend distributed at 31 December* 1,662 Complementary dividend (includes in its case, cash dividend from shareholders who opt to receive cash in scrip dividend)** 1,761 3,423 To voluntary reserves 107 Net profit for the year 3,530 * Recognised under Shareholders' equity – Interim Dividends. ** Assuming a % of cash requests of 20% |
Earnings per share basic and diluted | Basic earnings per share are calculated by dividing the net profit attributable to the Group (adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity - see Note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares held in the year. Accordingly: 2019 2018 2017 Profit attributable to the parent (million of euros) 6,515 7,810 6,619 Remuneration of contingently convertible preference shares (CCP) (million of euros) (Note 23) (595 ) (560 ) (395 ) 5,920 7,250 6,224 Of which: Profit or Loss from discontinued operations (non controlling interest net) (million of euros) — — — Profit or Loss from continuing operations (net of non-controlling interests and CCP) (million of euros) 5,920 7,250 6,224 Weighted average number of shares outstanding 16,348,415,883 16,150,090,739 15,394,458,789 Adjusted number of shares 16,348,415,883 16,150,090,739 15,394,458,789 Basic earnings per share (euros) 0.362 0.449 0.404 Basic earnings per share from discontinued operations (euros) 0.000 0.000 0.000 Basic earnings per share from continuing operations (euros) 0.362 0.449 0.404 ii. Diluted earnings per share Diluted earnings per share are calculated by dividing the net profit attributable to the Group (adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity - see Note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt instruments). Accordingly, diluted earnings per share were determined as follows: 2019 2018 2017 Profit attributable to the parent (million of euros) 6,515 7,810 6,619 Remuneration of contingently convertible preference shares (CCP) (million of euros) (Note 23) (595 ) (560 ) (395 ) 5,920 7,250 6,224 Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (million of euros) — — — Profit from continuing operations (net of non-controlling interests and CCP) (million of euros) 5,920 7,250 6,224 Weighted average number of shares outstanding 16,348,415,883 16,150,090,739 15,394,458,789 Dilutive effect of options/rights on shares 35,891,644 42,873,078 50,962,887 Adjusted number of shares 16,384,307,527 16,192,963,817 15,445,421,676 Diluted earnings per share (euros) 0.361 0.448 0.403 Diluted earnings per share from discontinued operations (euros) 0.000 0.000 0.000 Diluted earnings per share from continuing operations (euros) 0.361 0.448 0.403 |
Remuneration and other benefi_2
Remuneration and other benefits paid to the Bank’s directors and senior managers (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Deferred variable compensation plans | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | Share-based variable remuneration Maximum number of shares to be delivered at January 1, 2018 Shares delivered in 2018 (immediate payment 2017 variable remuneration) Shares delivered in 2018 (deferred payment 2016 variable remuneration) Shares delivered in 2018 (deferred payment 2015 variable remuneration) Shares delivered in 2018 (deferred payment 2014 variable remuneration) Variable remuneration 2018 (Maximum number of shares to be delivered) 2014 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 61,721 (61,721) Mr José Antonio Álvarez Álvarez² 26,632 (26,632) 88,353 (88,353) 2015 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 257,617 (64,404) Mr José Antonio Álvarez Álvarez 171,242 (42,811) Mr Rodrigo Echenique Gordillo 126,846 (31,712) 555,705 (138,927) 2016 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 360,512 (72,102) Mr José Antonio Álvarez Álvarez 243,332 (48,667) Mr Rodrigo Echenique Gordillo 180,226 (36,046) 784,070 (156,815) 2017 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 574,375 (229,750) Mr José Antonio Álvarez Álvarez 384,118 (153,647) Mr Rodrigo Echenique Gordillo 299,346 (119,738) 1,257,839 (503,135) 2018 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 860,865 Mr José Antonio Álvarez Álvarez 575,268 Mr Rodrigo Echenique Gordillo 456,840 1,892,973 2019 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea Mr José Antonio Álvarez Álvarez Mr Rodrigo Echenique Gordillo 3 1 For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, by fifths in the next five years , the last three being subject to the fulfilment of multiannual objectives. 2 Maximum number of shares resulting from their participation in the corresponding plans during their stage as general manager. 3 Ceased to be an executive director on 30 April 2019. 4 In addition, Mr. Ignacio Benjumea Cabeza de Vaca maintains the right to a maximum of 70,741 shares arising from his participation in the corresponding plans during his term as executive vice president. |
Directors | |
Related party transactions key personnel | |
Schedule summarising annual emolument | The amounts received individually by the directors in 2019 and 2018 based on the positions held by them on the board and their membership of the board committees were as follows: Euros 2019 2018 Members of the board of directors 90,000 90,000 Members of the executive committee 170,000 170,000 Members of the audit committee 40,000 40,000 Members of the appointments committee 25,000 25,000 Members of the remuneration committee 25,000 25,000 Members of the risk supervision, regulation and compliance oversight committee 40,000 40,000 Members of the responsible banking, sustainability and culture committee 15,000 15,000 Chairman of the audit committee 70,000 70,000 Chairman of the appointments committee 50,000 50,000 Chairman of the remuneration committee 50,000 50,000 Chairman of the risk, regulation and compliance oversight committee 70,000 70,000 Chairman of the responsible banking, sustainability and culture committee 50,000 50,000 Lead director* 110,000 110,000 Non-executive deputy chairman 30,000 30,000 * Mr Bruce Carnegie-Brown, for duties performed as part of the board and board committees, specifically as chairman of the appointments and remuneration committees and as lead director, and for the time and dedication required to perform these duties, has been allocated a minimum total annual remuneration of EUR 700,000 since 2015 , including the aforementioned annual allowances and attendance fees corresponding to him. |
Schedule summarising attendance fees | By resolution of the board of directors, at the proposal of the remuneration committee, the fees for attending board and committee meetings - excluding, as aforementioned, executive committee meetings - were as follows: Meeting attendance fees Euros 2019 2018 Board of directors 2,600 2,600 Audit committee and risk supervision, regulation and compliance oversight committee 1,700 1,700 Other committees (except the executive committee) 1,500 1,500 |
Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives) | The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2019 and 2018 is provided below: Thousand euros 2019 2018 Bylaw-stipulated emoluments Annual emolument Short-term and deferred (not subject to long-term goals) salaries of executive directors Board H Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Attendance fees and commissions Fixed Variable - immediate payment Deferred variable In cash In shares In cash In shares Total Pension contribution Other remuneration I Total Total Ms Ana Botín-Sanz de Sautuola y O’Shea 90 170 — — — — 15 59 3,176 1,302 1,302 781 781 7,342 1,145 1,132 9,953 10,483 Mr José Antonio Álvarez Álvarez 90 170 — — — — — 53 2,541 870 870 522 522 5,325 858 1,774 8,270 8,645 Mr Bruce Carnegie-Brown 393 170 — 25 25 — — 87 — — — — — — — — 700 732 Mr Rodrigo Echenique Gordillo A 90 57 — 17 — — — 56 600 400 400 240 240 1,880 — 2,775 4,875 4,830 Mr Guillermo de la Dehesa Romero 90 170 — 25 25 — — 89 — — — — — — — — 399 441 Ms Homaira Akbari 90 — 40 — — — 15 81 — — — — — — — — 226 199 Mr Ignacio Benjumea Cabeza de Vaca 90 170 — — 25 40 15 93 — — — — — — — 91 524 513 Mr Francisco Javier Botín-Sanz de Sautuola y O’Shea B 90 — — — — — — 47 — — — — — — — — 137 121 Ms Sol Daurella Comadrán 90 — — 25 25 — 15 85 — — — — — — — — 240 215 Ms Esther Giménez-Salinas i Colomer 90 — — 4 — 40 15 79 — — — — — — — — 228 196 Ms Belén Romana García 160 170 40 — — 40 15 100 — — — — — — — — 525 414 Mr Ramiro Mato García-Ansorena 140 170 40 — — 40 15 95 — — — — — — — — 500 450 Mr Álvaro Cardoso de Souza C 160 — — — — 40 15 61 — — — — — — — — 276 148 Mr Henrique Manuel Drummond Borges Cirne de Castro D 41 — 8 — 4 — — 33 — — — — — — — — 86 — Ms Pamela Ann Walkden E 16 — 7 — — — — 11 — — — — — — — — 34 — Mr Carlos Fernández González F 74 — 33 21 21 — — 65 — — — — — — — — 214 266 Mr Juan Miguel Villar Mir G — — — — — — — — — — — — — — — — — 108 Total 2019 1,794 1,247 168 117 125 200 120 1,094 6,317 2,572 2,572 1,543 1,543 14,547 2,003 5,772 27,187 — Total 2018 1,763 1,275 160 113 125 247 61 872 7,517 3,254 3,254 1,952 1,952 17,929 2,284 2,932 — 27,761 A. Ceased to be an executive director on 30 April 2019. Non-executive director since 1 May 2019. B. All amounts received were reimbursed to Fundación Botín. C. Director since 1 April 2018. D. Director since 17 July 2019. E. Director since 29 October 2019. F. Ceased to be a director on 28 October 2019 G. Ceased to be a director on 1 January 2019 H. Includes committee chairmanship and other roles emoluments. I. Includes, inter alia, the life and medical insurance costs borne by the Group relating to Bank directors as well as a fixed supplement approved as part of the benefit systems transformation of the Executive Directors Ms Ana Botín and Mr José Antonio Álvarez |
Schedule summarising remuneration related to multi-annual variable objectives | Following is the detail, by executive director, of the salaries linked to multiannual objectives at their fair value, which will only be received if the conditions of permanence in the group, non-applicability of “malus” clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 47 . Thousand euros 2019 2018 Variable subject to Long-term 1 In cash In shares Total Total Ms. Ana Botín-Sanz de Sautuola y O’Shea 821 821 1,642 1,864 Mr. José Antonio Álvarez Álvarez 548 548 1,096 1,246 Mr. Rodrigo Echenique Gordillo 252 252 504 990 Total 1,621 1,621 3,242 4,100 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years : 2023 , 2024 and 2025 , subject to conditions of continued service, with the exceptions provided, and to the non-applicability of “malus” clauses and achievement of the objectives established. |
Schedule summarising remuneration related to welfare system | Following is a detail of the balances relating to each of the executive directors under the welfare system as of 31 December 2019 and 2018 : Thousand euros 2019 2018 Ms Ana Botín-Sanz de Sautuola y O’Shea 1 48,104 46,093 Mr José Antonio Álvarez Álvarez 17,404 16,630 Mr Rodrigo Echenique Gordillo 2 13,268 13,614 78,776 76,337 1. Includes the amounts relating to the period of provision of services at Banesto, externalised with another insurance company. 2. Mr. Rodrigo Echenique does not participate in the defined pension scheme defined in the preceding paragraphs. However, as a previous executive director and for informational purposes, this year's table includes the rights to which he was entitled prior to his designation as such. The payments made to him in 2019 with respect to his participation in this plan amounted to 0.9 million euros ( 0.9 million euros in 2018 ). |
Schedule summarising remuneration related to provisions for retirement pensions and supplementary benefits | The provisions recognised in 2019 and 2018 for retirement pensions and supplementary benefits (surviving spouse and child benefits, and permanent disability) were as follows: Thousand euros 2019 2018 Ms Ana Botín-Sanz de Sautuola y O’Shea 1,145 1,234 Mr José Antonio Álvarez Álvarez 858 1,050 2,003 2,284 |
Schedule summarising remuneration related to life and disability insurance | Also, the following table provides information on the sums insured for the Bank’s executive directors: Insured capital Thousand euros 2019 2018 Ms. Ana Botín-Sanz de Sautuola y O’Shea 22,475 22,710 Mr. José Antonio Álvarez Álvarez 19,373 19,694 Mr. Rodrigo Echenique Gordillo 5,400 5,400 47,248 47,804 |
Schedule summarising the cash paid for awards | In addition, the table below shows the cash delivered in 2019 and 2018 , by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one-fifth relating to each plan had accrued: Thousand of euros 2019 2018 Cash paid (immediate payment 2018 variable remuneration) Cash paid (deferred payments from 2017, 2016 and 2015 variable remuneration) Cash paid (immediate payment 2017 variable remuneration) Cash paid (deferred payments from 2016, 2015 and 2014 variable remuneration) Ms. Ana Botín-Sanz de Sautuola y O’Shea 1,480 1,025 1,370 947 Mr. José Antonio Álvarez Álvarez 1 989 686 916 574 Mr. Rodrigo Echenique Gordillo 785 519 714 305 3,254 2,230 3,000 1,826 1. Includes paid cash corresponding to his participation in the corresponding plans during the time as executive vice president. |
Schedule summarising declaration of equity interests held by key personnel | Without prejudice to the foregoing, following is a detail of the declarations by the directors with respect to their equity interests in companies not related to the Group whose object is banking, financing or lending; and of the management or governing functions, if any, that the directors discharge thereat. Administrator Denomination Number of shares Functions Ms. Ana Botín-Sanz de Sautuola y O’Shea Bankinter, S.A.* 5,000,000 — Mr. Bruce Neil Carnegie-Brown Moneysupermarket.com Group plc 30,000 — Lloyd’s of London Ltd — President** Mr. Guillermo de la Dehesa Romero Goldman, Sachs & Co. (The Goldman Sachs Group, Inc.) 19,546 — Mr. Javier Botín-Sanz de Sautuola y O’Shea Bankinter, S.A. 6,929,853 — JB Capital Markets Sociedad de Valores, S.A. 2,077,198 President Ms. Pamela Ann Walkden Standard Chartered Bank*** 651,141 — Mr. Ramiro Mato García-Ansorena BNP Paribas, S.A. 13,806 — Mr. Rodrigo Echenique Gordillo Mitsubishi UFJ Financial Group* 17,500 — Contingent convertible (CoCos) issued in 2018 by Caixabank, S.A* 1 — Ares Capital Corporation 13,128 — * Indirect ownership. ** Non-executive. *** includes: Ordinary shares; Deferred shares; Deferred option and Management Long Term Inventive Plan (MLTIP) . |
Schedule of exposure to risk | These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognised: Thousand euros 2019 2018 Loans and credits Guarantees Total Loans and credits Guarantees Total Ms. Ana Botín-Sanz de Sautuola y O’Shea 18 — 18 18 — 18 Mr. José Antonio Álvarez Álvarez 27 — 27 8 — 8 Mr. Bruce Carnegie-Brown — — — — — — Mr. Rodrigo Echenique Gordillo 33 — 33 29 — 29 Mr. Javier Botín-Sanz de Sautuola y O’Shea 21 — 21 15 — 15 Ms. Sol Daurella Comadran 55 — 55 53 — 53 Mr. Carlos Fernández Gonzàlez 1 — — — 12 — 12 Ms. Esther Gimenez-Salinas i Colomer 1 — 1 1 — 1 Mr. Ignacio Benjumea Cabeza de Vaca 1 — 1 — — — Ms. Belén Romana García 21 — 21 21 — 21 Mr. Guillermo de la Dehesa Romero 56 — 56 21 — 21 233 — 233 178 — 178 1. Ceased to be a director on December 2019. |
Current senior managers | |
Related party transactions key personnel | |
Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives) | The table below inclu des the amounts relating to the short-term remuneration of the members of senior management at December 31, 2019 and those at December 31, 2018 , excluding the remuneration of the executive directors, which is detailed above: Thousand of euros Short-term salaries and deferred remuneration Variable remuneration (bonus) - Immediate payment Deferred variable remuneration Year Number of Fixed In cash In shares 2 In cash In shares Pensions Other 1 Total 3 2019 18 22,904 7,668 7,669 3,336 3,337 6,282 7,491 58,687 2018 18 22,475 8,374 8,374 3,791 3,791 6,193 7,263 60,261 1. Includes other remuneration items such as life and medical insurance premiums and localization aids . 2. The amount of immediate payment in shares for 2019 is 2,090,536 shares ( 1,936,037 Santander shares in 2018) 3. The deferred amount in shares not linked to long-term objectives for 2019 is 900,534 shares ( 877,154 Santander shares in 2018). |
Schedule summarising remuneration related to multi-annual variable objectives | Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at December 31, 2019 and 2018 is provided below. These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see Note 47): Thousand of euros Variable remuneration subject to long-term objectives 1 Year Number of Cash Share Total 2019 18 3,503 3,504 7,007 2018 18 3,981 3,981 7,962 1. Relates in 2019 with the fair value of the maximum annual amounts for years 2022, 2023 and 2024 of the third cycle of the deferred conditional variable remuneration plan (2021, 2022 and 2023 for the first cycle of the deferred variable compensation plan linked to annual objectives for the year 2017). |
Schedule summarising shares assigned for deferred variable remuneration plans | The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of December 31, 2019 and 2018 relating to the deferred portion under the various plans then in force is the following (see Note 47 ): Maximum number of shares to be delivered 2019 2018 Deferred conditional variable remuneration plan (2015) 391,074 705,075 Performance shares plan ILP (2015) — 515,456 Deferred conditional variable remuneration plan and linked to objectives (2016) 660,205 1,079,654 Deferred conditional variable remuneration plan and linked to objectives (2017) 1,115,570 1,434,047 Deferred conditional variable remuneration plan and linked to objectives (2018) 1,986,754 2,192,901 Deferred conditional variable remuneration plan and linked to objectives (2019) 2,273,859 — |
Former directors of the bank | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | The chart below includes information on the maximum number of shares to which former members of the Board of Directors who ceased in office prior to 1 January 2018 are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were Executive Directors. Also set forth below is information on the deliveries, whether in shares or in cash, made in 2019 and 2018 to former board members, upon achievement of the conditions for the receipt thereof (see Note 47 ): Maximum number of shares to be delivered 1 2019 2018 Deferred conditional variable remuneration plan (2015) 121,694 182,541 Deferred conditional variable remuneration plan and linked to objectives (2016) 98,253 171,696 Deferred conditional variable remuneration plan and linked to objectives (2017) 140,530 175,662 Number of shares delivered 2019 2018 Deferred conditional variable remuneration plan (2014) — 148,589 Deferred conditional variable remuneration plan (2015) 60,847 60,847 Performance shares plan ILP (2015) 129,612 — Deferred conditional variable remuneration plan and linked to objectives (2016) 42,924 42,924 Deferred conditional variable remuneration plan and linked to objectives (2017) 35,132 117,108 |
Executive vice presidents | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2019 and 2018 to the senior management, in addition to the payment of the related cash amounts: Number of shares delivered 2019 2018 Deferred conditional variable remuneration plan (2014) — 248,963 Deferred conditional variable remuneration plan (2015) 257,187 261,109 Performance shares plan ILP (2015) 515,456 — Deferred conditional variable remuneration plan and linked to objectives (2016) 215,868 258,350 Deferred conditional variable remuneration plan and linked to objectives (2017) 245,575 — |
Loans and advances to central_2
Loans and advances to central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Loans and advances to central banks and credit institutions | |
Loans and advances to banks and credit institutions | The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 CENTRAL BANKS Classification: Financial assets held for trading — — — Non-trading financial assets mandatorily at fair value through profit or loss — — Financial assets designated at fair value through profit or loss 6,473 9,226 — Financial assets designated at fair value through other comprehensive income — — Financial assets at amortised cost 18,474 15,601 Loans and receivables 26,278 24,947 24,827 26,278 Type: Time deposits 17,533 15,601 17,359 Reverse repurchase agreements 7,414 9,226 8,919 Impaired assets — — — Valuation adjustments for impairment — — — 24,947 24,827 26,278 CREDIT INSTITUTIONS Classification: Financial assets held for trading — — 1,696 Non-trading financial assets mandatorily at fair value through profit or loss — 2 Financial assets designated at fair value through profit or loss 21,649 23,097 9,889 Financial assets designated at fair value through other comprehensive income — — Financial assets at amortised cost 40,943 35,480 Loans and receivables 39,567 62,592 58,579 51,152 Type: Time deposits 9,699 10,759 8,169 Reverse repurchase agreements 31,180 33,547 21,765 Non- loans advances 21,726 14,283 21,232 Impaired assets 1 2 4 Valuation adjustments for impairment (14 ) (12 ) (18 ) 62,592 58,579 51,152 Currency: Euro 32,248 24,801 23,286 Pound sterling 3,659 4,073 5,582 US dollar 14,442 19,238 15,325 Brazilian real 30,919 28,310 28,140 Other currencies 6,271 6,984 5,097 TOTAL 87,539 83,406 77,430 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Debt Instruments (Tables)
Debt Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Debt Instruments | |
Schedule of debt instruments by origin of issuer | The breakdown, by origin of the issuer, of Debt instruments at 31 December 2019 , 2018 and 2017 , net of impairment losses, is as follows: Million euros 2019 2018 2017 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 3,634 42,054 45,688 24.75 % 4,748 50,488 55,236 28.90 % 5,272 59,186 64,458 32.33 % United Kingdom 3,806 11,479 15,285 8.28 % 5,615 9,512 15,127 7.91 % 4,339 10,717 15,056 7.55 % Portugal 2,979 7,563 10,542 5.71 % 3,663 6,943 10,606 5.55 % 3,972 7,892 11,864 5.95 % Italy 1,384 3,620 5,004 2.71 % 857 3,134 3,991 2.09 % 1,287 7,171 8,458 4.24 % Ireland 2,387 2 2,389 1.29 % 4,543 2 4,545 2.38 % 3,147 2 3,149 1.58 % Poland 460 9,361 9,821 5.32 % 683 10,489 11,172 5.85 % 772 6,619 7,391 3.71 % Other European countries 7,186 1,784 8,970 4.86 % 6,101 1,518 7,619 3.99 % 7,195 1,733 8,928 4.48 % United States 5,915 15,609 21,524 11.66 % 6,833 10,362 17,195 9.00 % 7,986 11,670 19,656 9.86 % Brazil 5,808 35,036 40,844 22.13 % 5,285 36,583 41,868 21.91 % 4,729 34,940 39,669 19.90 % Mexico 708 13,234 13,942 7.55 % 520 11,325 11,845 6.20 % 461 9,478 9,939 4.99 % Chile 50 4,819 4,869 2.64 % 79 2,729 2,808 1.47 % 62 4,071 4,133 2.07 % Other American countries 605 1,095 1,700 0.92 % 1,111 1,375 2,486 1.30 % 755 913 1,668 0.84 % Rest of the world 186 3,832 4,018 2.18 % 639 5,987 6,626 3.47 % 764 4,218 4,982 2.50 % 35,108 149,488 184,596 100 % 40,677 150,447 191,124 100 % 40,741 158,610 199,351 100 % |
Schedule of debt instruments by issuer rating | Main credit risk aggregates from customer business Main credit risk performance metrics from activity with customers December 2019 data Credit risk with customers * Non-performing loans NPL ratio 2019 2018 2017 2019 2018 2017 2019 2018 2017 Europe 722,661 688,810 671,776 23,519 25,287 27,964 3.25 3.67 4.16 Spain 213,668 227,401 237,327 14,824 16,651 18,270 6.94 7.32 7.70 UK 275,941 252,919 242,993 2,786 2,739 3,210 1.01 1.08 1.32 S. Consumer Finance 105,048 97,922 92,589 2,416 2,244 2,319 2.30 2.29 2.50 Portugal 37,978 38,340 39,394 1,834 2,279 2,959 4.83 5.94 7.51 Poland 33,566 30,783 24,391 1,447 1,317 1,114 4.31 4.28 4.57 North America 143,839 125,916 106,129 3,165 3,510 2,935 2.20 2.79 2.77 US 105,792 92,152 77,190 2,331 2,688 2,156 2.20 2.92 2.79 SBNA 56,640 51,049 44,237 389 450 536 0.69 0.88 1.21 SC USA 29,021 26,424 24,079 1,787 2,043 1,410 6.16 7.73 5.86 Mexico 38,047 33,764 28,939 834 822 779 2.19 2.43 2.69 South America 143,428 138,134 138,577 6,972 6,639 6,685 4.86 4.81 4.82 Brazil 88,893 84,212 83,076 4,727 4,418 4,391 5.32 5.25 5.29 Chile 42,000 41,268 40,406 1,947 1,925 2,004 4.64 4.66 4.96 Argentina 5,044 5,631 8,085 171 179 202 3.39 3.17 2.50 Santander Global Platform 706 340 96 4 4 4 0.63 1.21 4.56 Corporte Centre 5,872 4,953 5,369 138 252 8 2.34 5.09 0.15 Total Group 1,016,507 958,153 920,968 33,799 35,692 37,596 3.32 3.73 4.08 * Includes gross lending to customers, guarantees and documentary credits. |
Schedule of debt instruments | The detail, by classification, type and currency, of Debt instruments in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Classification: Financial assets held for trading 32,041 27,800 36,351 Non-trading financial assets mandatorily at fair value through profit or loss 1,175 5,587 Financial assets designated at fair value through profit or loss 3,186 3,222 3,485 Financial assets designated at fair value through other comprehensive income 118,405 116,819 Financial assets available-for-sale 128,481 Financial assets at amortised cost 29,789 37,696 Loans and receivables 17,543 Held-to-maturity investments 13,491 184,596 191,124 199,351 Type: Spanish government debt securities 42,054 50,488 59,186 Foreign government debt securities 107,434 99,959 99,424 Issued by financial institutions 9,670 10,574 12,155 Other fixed-income securities 25,265 29,868 28,299 Impaired financial assets 647 870 1,017 Impairment losses (474 ) (635 ) (730 ) 184,596 191,124 199,351 Currency: Euro 70,357 76,513 93,250 Pound sterling 15,713 19,153 16,203 US dollar 29,846 22,864 25,191 Brazilian real 38,316 40,871 39,233 Other currencies 30,838 32,358 26,204 Total gross 185,070 191,759 200,081 Impairment losses (474 ) (635 ) (730 ) 184,596 191,124 199,351 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of changes in impairment losses on debt instruments | The changes in Financial assets at fair value through other comprehensive income (IFRS 9), and Financial assets available-for-sale (IAS 39) were as follows: Million euros 2019 2018* 2017 Balance at beginning of the year 2,671 3,169 5,487 Net additions (disposals) 221 (324 ) (331 ) Valuation adjustment and other items (29 ) (174 ) (366 ) Balance at end of year 2,863 2,671 4,790 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Debt instruments | |
Debt Instruments | |
Schedule of debt instruments by issuer rating | The detail, by issuer rating, of Debt instruments at 31 December 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 14,737 1,085 15,822 8.57 % 18,901 834 19,735 10.33 % 16,239 924 17,163 8.61 % AA 5,133 28,325 33,458 18.13 % 2,715 20,966 23,681 12.39 % 2,714 23,522 26,236 13.16 % A 3,238 59,744 62,982 34.12 % 3,464 69,392 72,856 38.12 % 4,373 8,037 12,410 6.23 % BBB 4,889 24,766 29,655 16.06 % 5,093 21,837 26,930 14.09 % 6,449 91,012 97,461 48.89 % Below BBB 1,244 35,466 36,710 19.89 % 668 37,412 38,080 19.92 % 2,393 35,109 37,502 18.81 % Unrated 5,867 102 5,969 3.23 % 9,836 6 9,842 5.15 % 8,573 6 8,579 4.30 % 35,108 149,488 184,596 100 % 40,677 150,447 191,124 100 % 40,741 158,610 199,351 100 % |
Schedule of changes in impairment losses on debt instruments | The changes in the impairment losses on Debt instruments are summarised below: Million of euros 2019 2018* 2017 Balance at beginning of year 635 704 498 Net impairment losses for the year (170 ) 43 348 Of which: Impairment losses charged to income 77 138 386 Impairment losses reversed with a credit to income (247 ) (95 ) (38 ) Exchange differences and other items 9 (112 ) (116 ) Balance at end of year 474 635 730 Of which: By geographical location of risk: European Union 14 22 30 Latin America 460 613 700 Of which: Loans and advances 348 Financial assets at amortised cost (176 ) 43 Financial assets available for sale — Financial assets designated at fair value through other comprehensive income 6 — *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Private fixed income | |
Debt Instruments | |
Schedule of debt instruments | The detail, by type of financial instrument, of Private fixed-income securities at 31 December 2019 , 2018 and 2017 , net of impairment losses, is as follows: Million euros 2019 2018 2017 Securitised mortgage bonds 1,633 2,942 2,458 Other asset-backed bonds 6,388 9,805 5,992 Floating rate debt 10,348 13,721 13,756 Fixed rate debt 16,739 14,209 18,535 Total 35,108 40,677 40,741 |
Equity Instrument (Tables)
Equity Instrument (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Equity Instruments Abstract | |
Detail, by classification and type, of Equity instruments | The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Classification: Financial assets held for trading 12,437 8,938 21,353 Non-trading financial assets mandatorily at fair value through profit or loss 3,350 3,260 Financial assets designated at fair value through profit or loss 933 Financial assets designated at fair value through other comprehensive income 2,863 2,671 Financial assets available-for-sale 4,790 18,650 14,869 27,076 Type: Shares of Spanish companies 3,711 3,448 4,199 Shares of foreign companies 12,682 9,107 20,448 Investment fund shares 2,257 2,314 2,429 18,650 14,869 27,076 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of changes in loss allowance and gross carrying amount | The changes in Financial assets at fair value through other comprehensive income (IFRS 9), and Financial assets available-for-sale (IAS 39) were as follows: Million euros 2019 2018* 2017 Balance at beginning of the year 2,671 3,169 5,487 Net additions (disposals) 221 (324 ) (331 ) Valuation adjustment and other items (29 ) (174 ) (366 ) Balance at end of year 2,863 2,671 4,790 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Trading derivatives (assets a_2
Trading derivatives (assets and liabilities) and short positions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Trading Derivatives And Short Positions [Abstract] | |
Schedule by type of inherent risk of fair value of trading derivatives | The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see Note 11): Million euros 2019 2018 2017 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 42,614 40,956 36,087 36,487 38,030 37,582 Currency risk 18,085 19,870 16,912 17,025 16,320 18,014 Price risk 2,329 1,772 2,828 1,673 2,167 2,040 Other risks 369 418 112 156 726 256 63,397 63,016 55,939 55,341 57,243 57,892 |
Schedule of short positions (liabilities) | Following is a breakdown of the short positions (liabilities): Million euros 2019 2018 2017 Borrowed securities: Debt instruments 390 1,213 2,447 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 390 1,213 890 Santander UK plc — — 1,557 Equity instruments 393 1,087 1,671 Of which: Santander UK plc — — 1,500 Banco Santander, S.A. 308 987 98 Short sales: Debt instruments 13,340 12,702 16,861 Of which: Banco Santander, S.A. 7,980 5,336 8,621 Banco Santander (Brasil) S.A. 5,194 7,300 8,188 14,123 15,002 20,979 |
Loans and advances to customer
Loans and advances to customer (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Loans And Advances To Customers Line Items | |
Schedule of detail, by classification, of loans and advances to customers | The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows: Million euros 2019 2018* 2017 Financial assets held for trading** 355 202 8,815 Non-trading financial assets mandatorily at fair value through profit or loss 386 1,881 Financial assets designated at fair value through profit or loss 30,761 21,915 20,475 Financial assets at fair value through other comprehensive income 4,440 1,601 Financial assets at amortised cost 906,276 857,322 Loans and receivables 819,625 Of which: Impairment losses (22,242 ) (23,307 ) (23,934 ) 942,218 882,921 848,915 Loans and advances to customers disregarding impairment losses 964,460 906,228 872,849 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** The decrease in 2018 reflects the run-down of UK's trading business due to the banking reform (Ring-fencing) in 2018. |
Schedule of the breakdown of loans and advances to customers | Following is a breakdown, by loan type and status, geographical area of residence and interest rate formula, of the loans and advances to customers of the Group, which reflect the Group’s exposure to credit risk in its core business, disregarding impairment losses: Million euros 2019 2018 2017 Loan type and status: Commercial credit 37,753 33,301 29,287 Secured loans 513,929 478,068 473,936 Reverse repurchase agreements 45,703 32,310 18,864 Other term loans 267,154 265,696 257,441 Finance leases 35,788 30,758 28,511 Receivable on demand 7,714 8,794 6,721 Credit cards receivables 23,876 23,083 21,809 Impaired assets 32,543 34,218 36,280 964,460 906,228 872,849 Geographical area: Spain 204,810 215,764 227,446 European Union (excluding Spain) 460,338 411,550 390,536 United States and Puerto Rico 100,152 89,325 75,777 Other OECD countries 86,327 82,607 74,463 South America (non - OECD) 92,145 87,406 88,302 Rest of the world 20,688 19,576 16,325 964,460 906,228 872,849 Interest rate formula: Fixed rate 546,619 497,365 447,788 Floating rate 417,841 408,863 425,061 964,460 906,228 872,849 |
Schedule of loans and advances to customers in detail by activity | Following is a detail, by activity, of the loans to customers at 31 December 2019 , net of impairment losses: Million euros Secured loans Net exposure Loan-to-value ratio*** Total Without Of which: Of which: Less than or equal to 40% More More More More than 100% Public sector 20,053 19,018 252 783 116 104 83 640 92 Other financial institutions (financial business activity) 67,830 14,375 1,001 52,454 521 757 623 51,157 397 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 319,616 172,659 71,474 75,483 26,695 21,566 20,872 43,227 34,597 Of which: Construction and property development 18,434 2,517 9,954 5,963 4,057 2,175 1,158 2,244 6,283 Civil engineering construction 3,533 2,140 309 1,084 137 282 54 442 478 Large companies 173,090 111,739 23,716 37,635 10,888 7,467 8,874 21,575 12,547 SMEs and individual entrepreneurs 124,559 56,263 37,495 30,801 11,613 11,642 10,786 18,966 15,289 Households – other (broken down by purpose) 519,996 111,771 342,847 65,378 87,432 107,553 113,603 62,346 37,291 Of which: Residential 332,881 1,764 330,491 626 80,001 101,285 106,210 36,669 6,952 Consumer loans 167,338 106,886 2,463 57,989 3,132 3,909 4,114 20,557 28,740 Other purposes 19,777 3,121 9,893 6,763 4,299 2,359 3,279 5,120 1,599 Total* 927,495 317,823 415,574 194,098 114,764 129,980 135,181 157,370 72,377 Memorandum item Refinanced and restructured transactions** 23,430 5,333 13,248 4,849 3,228 2,645 2,412 2,814 6,998 * In addition, the Group has granted advances to customers amounting to EUR 14,723 million, bringing the total of loans and advances to EUR 942,218 million. ** Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. *** The ratio is the carrying amount of the transactions at 31 December 2019 provided by the latest available appraisal value of the collateral. |
Schedule of movement of gross exposure by impairment stage | Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under "Financial assets at amortised cost" and “Financial assets at fair value through other comprehensive income” under IFRS 9 during 2019 and 2018 : 2019 Million euros Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 795,829 52,183 33,461 881,473 Movements Transfers Transfer to Stage 2 from Stage 1 (28,369 ) 28,369 — Transfer to Stage 3 from Stage 1 (4,101 ) 4,101 — Transfer to Stage 3 from Stage 2 (13,240 ) 13,240 — Transfer to Stage 1 from Stage 2 12,436 (12,436 ) — Transfer to Stage 2 from Stage 3 2,439 (2,439 ) — Transfer to Stage 1 from Stage 3 488 (488 ) — Net changes on financial assets 61,581 (8,092 ) (3,608 ) 49,881 Write-offs — — (12,593 ) (12,593 ) Exchange differences and others 12,075 1,253 163 13,491 Loss allowance as of 31 December 2019 849,939 50,476 31,837 932,252 2018 Million of euros Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 746,654 60,304 35,477 842,435 Movements Transfers Transfer to Stage 2 from Stage 1 (31,234 ) 31,234 — Transfer to Stage 3 from Stage 1 (3,980 ) 3,980 — Transfer to Stage 3 from Stage 2 (13,998 ) 13,998 — Transfer to Stage 1 from Stage 2 21,795 (21,795 ) — Transfer to Stage 2 from Stage 3 4,103 (4,103 ) — Transfer to Stage 1 from Stage 3 835 (835 ) — Net changes on financial assets 79,727 (5,265 ) (1,997 ) 72,465 Write-offs — — (12,673 ) (12,673 ) Exchange differences and others (17,968 ) (2,400 ) (386 ) (20,754 ) Loss allowance as of 31 December 2018 795,829 52,183 33,461 881,473 |
Schedule of impairment loss and allowance for loans and advances to customers | The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers: Million euros 2019 2018* 2017 Balance at beginning of the year 23,307 25,936 24,393 Impairment losses charged to income for the year 11,108 10,501 10,513 Of which: Impairment losses charged to profit or loss 19,192 17,850 19,006 Impairment losses reversed with a credit to profit or loss (8,084 ) (7,349 ) (8,493 ) Write-off of impaired balances against recorded impairment allowance (12,593 ) (12,673 ) (13,522 ) Exchange differences and other changes** 420 (457 ) 2,550 Balance at end of the year 22,242 23,307 23,934 Which correspond to: Impaired assets 13,933 14,906 16,207 Other assets 8,309 8,401 7,727 Of which: Individually calculated 3,555 4,905 5,311 Collective calculated 18,687 18,402 18,623 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** In 2017, mainly includes the balances from the acquisition of Banco Popular Español, S.A.U. |
Schedule of changes in loss allowance and gross carrying amount | The changes in Financial assets at fair value through other comprehensive income (IFRS 9), and Financial assets available-for-sale (IAS 39) were as follows: Million euros 2019 2018* 2017 Balance at beginning of the year 2,671 3,169 5,487 Net additions (disposals) 221 (324 ) (331 ) Valuation adjustment and other items (29 ) (174 ) (366 ) Balance at end of year 2,863 2,671 4,790 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of changes in the impairment losses for loans and advances to customers | The detail of the changes in the balance of the financial assets classified as Financial assets at amortised cost – Customers (IFRS 9) and Loans and receivables - Loans and advances to customers (IAS 39) considered to be impaired due to credit risk is as follows: Million euros 2019 2018 2017 Balance at beginning of year 34,218 36,280 32,573 Net additions 10,755 10,821 8,409 Written-off assets (12,593 ) (12,673 ) (13,522 ) Changes in the scope of consolidation — 177 9,618 Exchange differences and other 163 (387 ) (798 ) Balance at end of year 32,543 34,218 36,280 |
Schedule of financial assets impaired, by geographical location and age | Following is a detail of the financial assets classified as Financial assets at amortised cost (IFRS 9) and Loans and receivables to costumers (IFRS 39) and considered to be impaired due to credit risk at 31 December 2019 , classified by geographical location of risk and by age of the first maturity of each operation: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 4,018 914 686 668 8,608 14,894 European Union (excluding Spain) 2,659 1,169 723 622 2,567 7,740 United States and Puerto Rico 1,725 403 34 21 125 2,308 Other OECD countries 1,426 574 172 124 494 2,790 Latin America (non-OECD) 1,948 932 724 592 615 4,811 11,776 3,992 2,339 2,027 12,409 32,543 The detail at 31 December 2018 is as follows: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 5,671 780 551 656 8,724 16,382 European Union (excluding Spain) 2,940 1,213 577 519 2,662 7,911 United States and Puerto Rico 1,906 531 30 31 178 2,676 Other OECD countries 1,414 498 143 162 520 2,737 Latin America (non-OECD) 1,221 1,145 782 561 803 4,512 13,152 4,167 2,083 1,929 12,887 34,218 The detail at 31 December 2017 is as follows: Million euros With no past-due balances or less than 90 days past due With balances past due by 90 to 180 180 to 270 days 270 days to 1 year More than 1 year Total Spain 6,012 938 793 814 9,643 18,200 European Union (excluding Spain) 2,023 1,526 811 558 3,829 8,747 United States and Puerto Rico 1,221 641 42 50 192 2,146 Other OECD countries 1,523 563 166 128 378 2,758 Latin America (non-OECD) 945 1,309 709 578 888 4,429 11,724 4,977 2,521 2,128 14,930 36,280 Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2019 : Million euros Gross Allowance recognised Estimated collateral Without associated real collateral 11,408 7,144 — With real estate collateral 16,076 4,429 10,819 With other collateral 5,059 2,360 1,900 Total 32,543 13,933 12,719 * Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included. |
Schedule of past-due loans classified as standard | In addition, at 31 December 2019 , there were amounts receivable that were past due by 90 days or less, the detail of which, by age of the oldest past-due amount, is as follows: Million euros Less 1 to 2 2 to 3 Loans and advances to customers 1,738 894 351 Of which Public Sector 1 — — Total 1,738 894 351 |
Schedule of the breakdown of the securitized loans, by type of original financial instrument, and of the securitized loans derecognized because the stipulated requirements were met | Million euros 2019 2018 2017 Retained on the balance sheet 93,553 88,767 91,208 Of which Securitised mortgage assets 31,868 33,900 36,844 Of which: UK assets 13,002 13,519 15,694 Other securitised assets 61,685 54,867 54,364 Total* 93,553 88,767 91,208 * Note 22 details the liabilities associated with these securitisation transactions. |
Financial assets at amortised cost, category | |
Loans And Advances To Customers Line Items | |
Schedule of changes in loss allowance and gross carrying amount | Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers, under IFRS 9 during 2019 and 2018 : 2019 Million euros Stage 1 Stage 2 Stage 3 Total Loss allowance as of 1 January 2019 3,658 4,743 14,906 23,307 Transfers Transfer from Stage 2 to Stage 1 (964 ) 3,235 2,271 Transfer from Stage 3 to Stage 1 (214 ) 1,296 1,082 Transfer from Stage 3 to Stage 2 (3,065 ) 5,612 2,547 Transfer from Stage 1 to Stage 2 301 (1,048 ) (747 ) Transfer from Stage 2 to Stage 3 381 (817 ) (436 ) Transfer from Stage 1 to Stage 3 29 (123 ) (94 ) Net changes of the exposure and modifications in the credit risk 1,119 (182 ) 5,548 6,485 Write-offs — — (12,593 ) (12,593 ) FX and other movements (94 ) 410 104 420 Carrying amount as of 31 December 2019 3,835 4,474 13,933 22,242 2018 Million of euros Stage 1 Stage 2 Stage 3 Total Loss allowance as of 1 January 2018 4,349 5,079 16,507 25,935 Transfers Transfer from Stage 2 to Stage 1 (1,173 ) 3,854 2,681 Transfer from Stage 3 to Stage 1 (279 ) 1,264 985 Transfer from Stage 3 to Stage 2 (1,971 ) 4,528 2,557 Transfer from Stage 1 to Stage 2 438 (1,656 ) (1,218 ) Transfer from Stage 2 to Stage 3 435 (1,264 ) (829 ) Transfer from Stage 1 to Stage 3 84 (173 ) (89 ) Net changes of the exposure and modifications in the credit risk 304 (961 ) 7,070 6,413 Write-offs — — (12,673 ) (12,673 ) FX and other movements (65 ) (37 ) (353 ) (455 ) Carrying amount as of 31 December 2018 3,658 4,743 14,906 23,307 |
Trading derivatives (Tables)
Trading derivatives (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Derivatives [Abstract] | |
Schedule of fair value of derivatives by type of risk | The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Notional amount Market Notional amount Market Notional amount Market Trading derivatives: Interest rate risk Forward rate agreements 218,252 (8 ) 308,340 (1 ) 190,553 (15 ) Interest rate swaps 4,322,199 2,573 4,197,246 115 3,312,025 974 Options, futures and other derivatives 794,140 (907 ) 543,138 (514 ) 540,424 (511 ) Credit risk Credit default swaps 23,701 (71 ) 18,889 33 25,136 68 Foreign currency risk Foreign currency purchases and sales 325,720 (441 ) 275,449 301 236,805 (29 ) Foreign currency options 44,763 (182 ) 54,215 2 43,488 (37 ) Currency swaps 379,176 (1,162 ) 334,524 (416 ) 295,753 (1,628 ) Securities and commodities derivatives and other 61,966 579 59,932 1,078 70,325 529 Total 6,169,917 381 5,791,733 598 4,714,509 (649 ) |
Non-current assets (Tables)
Non-current assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Non-current assets held for sale | |
Schedule of non-current assets | The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Tangible assets 4,588 5,424 11,661 Of which: Foreclosed assets 4,485 5,334 11,566 Of which: property assets in Spain* 3,667 4,488 10,533 Other tangible assets held for sale 103 90 95 Other assets** 13 2 3,619 Total 4,601 5,426 15,280 * During 2019, the sale of real estate assets to Cerberus from awards has materialised, generating losses of EUR 180 million . In March 2018, the agreement for the operation of Banco Popular Español, S.A.U. real estate business with Blackstone was materialised (see Note 3). ** In 2017, the item Other assets includes, mainly, Banco Popular Español, S.A.U. assets under the sale of the real estate business to Blackstone (see Note 3). |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Investments | |
Summary of Investments by company | The detail, by company, of Investments is as follows: Million euros 2019 2018 2017 Associated entities Merlin Properties, SOCIMI, S.A. 1,511 1,358 1,242 Project Quasar Investment 2017 S.L. 1,351 1,701 — Metrovacesa, S.A. 1,226 1,255 — Caceis (Note 3) 1,010 — — Zurich Santander Insurance 1,009 961 988 Testa Residencial, SOCIMI, S.A. — — 651 Allianz Popular, S.L. 409 431 438 Companies Santander Insurance - Consolidated 402 392 358 Other companies 529 511 520 7,447 6,609 4,197 Joint Ventures entities WiZink Bank, S.A. — — 1,017 Santander Securities Services 349 — — Unión de Créditos 206 202 207 Santander Generales Seguros y Reaseguros, S.A. y Santander Vida Seguros y Reaseguros, S.A. (former Aegon Santander Seguros) 170 163 186 Other companies 600 614 577 1,325 979 1,987 |
Summary of Changes in Investments | The changes in the investments were as followed: Million euros 2019 2018* 2017 Balance at beginning of year 7,588 6,150 4,836 Acquisitions (disposals) of companies and capital increases (reductions) (123 ) (1,761 ) 1,893 Of which: WiZink Bank, S.A. — (1,033 ) 1,017 Allianz Popular, S.L. — — 438 Changes in the consolidation method (Note 3) 1,368 2,967 (582 ) Of which: Caceis 1,010 — — Santander Securities Services Latam Holding , S.L. - Consolidated 349 — — Project Quasar Investments 2017, S.L. — 1,701 — Metrovacesa, S.A. — 1,255 — Effect of equity accounting 324 737 704 Dividends paid and reimbursements of share premium (407 ) (404 ) (376 ) Exchange differences and other changes 22 (101 ) (291 ) Balance at end of year 8,772 7,588 6,184 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). |
Summary of financial information on companies accounted for using the equity method | Following is a summary of the financial information on the associated entities and joint ventures (obtained from the information available at the date of preparation of the financial statements): Million euros 2019 2018 2017 Total assets 165,386 74,765 63,093 Total liabilities (143,987 ) (58,153 ) (51,242 ) Net assets 21,399 16,612 11,851 Investments in Group joint ventures and associates in the net assets of associates 6,729 6,157 4,194 Goodwill 2,043 1,431 1,990 Of which: Zurich Santander Insurance America S.L. - Consolidated 526 526 526 Caceis 466 — — Allianz Popular, S.L. 347 347 347 Santander Securities Services Latam Holding, S.L. - Consolidated 207 — — Companies Santander 205 205 205 WiZink Bank, S.A. — — 553 Total Group share 8,772 7,588 6,184 Total income 14,172 12,174 12,536 Total profit 1,375 1,867 1,699 Group’s share of profit 324 737 704 |
Summary of financial information on the main associates and joint ventures | Following is a summary of the financial information for 2019 on the main associates and joint ventures (obtained from the information available at the date of preparation of the financial statements): Million euros Total Total Total Total Joint Ventures entities 24,284 22,247 2,708 349 Of which: Unión de Créditos Inmobiliarios, S.A., E.F.C. - Consolidated 13,088 12,683 261 11 Santander Generales Seguros y Reaseguros, S.A. y Santander Vida Seguros y Reaseguros, S.A. (former Aegon Santander Seguros) 817 600 521 65 Santander Securities Services Latam Holding , S.L. - Consolidated 391 99 103 59 Associated entities 141,102 121,740 11,464 1,026 Of which: Caceis 88,015 84,045 1,632 159 Zurich Santander Insurance America, S.L. - Consolidated 15,865 14,875 5,579 406 Project Quasar Investments 2017, S.L. 9,928 6,712 494 (714 ) Allianz Popular, S.L. 2,749 2,593 361 76 Companies Santander Insurance - Consolidated 2,424 2,024 817 84 Total 165,386 143,987 14,172 1,375 |
Insurance contracts linked to_2
Insurance contracts linked to pensions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of types of insurance contracts [abstract] | |
Schedule of insurance contracts linked to pensions | The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 192 210 239 192 210 239 |
Liabilities and assets under _2
Liabilities and assets under insurance contracts and reinsurance assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [abstract] | |
Schedule of Liabilities under insurance contracts and Reinsurance assets in the consolidated balance sheets | The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see Note 2.j) is as follows: Million euros 2019 2018 2017 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 59 (52 ) 7 52 (47 ) 5 50 (41 ) 9 Life insurance 206 (151 ) 55 227 (163 ) 64 483 (151 ) 332 Unearned premiums and risks 139 (132 ) 7 140 (127 ) 13 100 (96 ) 4 Mathematical provisions 67 (19 ) 48 87 (36 ) 51 383 (55 ) 328 Claims outstanding 399 (55 ) 344 397 (86 ) 311 423 (115 ) 308 Bonuses and rebates 22 (10 ) 12 20 (9 ) 11 29 (11 ) 18 Other technical provisions 53 (24 ) 29 69 (19 ) 50 132 (23 ) 109 739 (292 ) 447 765 (324 ) 441 1,117 (341 ) 776 |
Tangible assets (Tables)
Tangible assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Tangible assets | |
Changes in tangible assets in the consolidated balance sheets | The changes in Tangible assets in the consolidated balance sheets were as follows: Million euros Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Cost: Balances at 1 January 2017 18,112 18,238 3,465 39,815 Additions / disposals (net) due to change in the scope of consolidation 1,740 205 — 1,945 Additions / disposals (net) 781 2,445 (100 ) 3,126 Transfers, exchange differences and other items (1,357 ) (2,215 ) (223 ) (3,795 ) Balances at 31 December 2017 19,276 18,673 3,142 41,091 Additions / disposals (net) due to change in the scope of consolidation 34 44 (630 ) (552 ) Additions / disposals (net) 589 5,545 (182 ) 5,952 Transfers, exchange differences and other items (1,164 ) 825 48 (291 ) Balances at 31 December 2018 18,735 25,087 2,378 46,200 IFRS 16 Adoption impact 6,693 — — 6,693 6,693 — — 6,693 Balances at 1 January 2019 25,428 25,087 2,378 52,893 6,693 — — 6,693 Additions / disposals (net) due to change in the scope of consolidation (5 ) — (15 ) (20 ) — — — — Additions / disposals (net) 1,863 3,148 (310 ) 4,701 (997 )* — — (997 ) Transfers, exchange differences and other items (178 ) (3,781 ) (603 ) (4,562 ) (10 ) — — (10 ) Balances at 31 December 2019 27,108 24,454 1,450 53,012 5,686 — — 5,686 Accumulated depreciation: Balances at 1 January 2017 (10,211 ) (5,169 ) (197 ) (15,577 ) Disposals due to change in the scope of consolidation — — — — Disposals 478 639 8 1,125 Charge for the year (1,165 ) — (25 ) (1,190 ) Transfers, exchange differences and other items (22 ) (1,574 ) 25 (1,571 ) Balances at 31 December 2017 (10,920 ) (6,104 ) (189 ) (17,213 ) Disposals due to change in the scope of consolidation (12 ) (34 ) — (46 ) Disposals 629 413 17 1,059 Charge for the year (1,159 ) — (13 ) (1,172 ) Transfers, exchange differences and other items 938 (2,679 ) (14 ) (1,755 ) Balances at 31 December 2018 (10,524 ) (8,404 ) (199 ) (19,127 ) IFRS 16 Adoption impact — — — — — — — — Balances at 1 January 2019 (10,524 ) (8,404 ) (199 ) (19,127 ) — — — — Disposals due to change in the scope of consolidation 3 — 6 9 — — — — Disposals 356 2,149 32 2,537 37 — — 37 Charge for the year (2,021 ) — (14 ) (2,035 ) (807 ) — — (807 ) Transfers, exchange differences and other items 212 1,045 31 1,288 5 — — 5 Balances at 31 December 2019 (11,974 ) (5,210 ) (144 ) (17,328 ) (765 ) — — (765 ) * Includes contract extensions on operating leases. Million euros Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Impairment losses: Balances at 1 January 2017 (41 ) (159 ) (752 ) (952 ) Impairment charge for the year (16 ) (42 ) (21 ) (79 ) Releases 4 — 3 7 Disposals due to change in the scope of consolidation — (2) (1 ) (3 ) Exchange differences and other (24 ) 5 142 123 Balances at 31 December 2017 (77 ) (198 ) (629 ) (904 ) Impairment charge for the year (30 ) (56 ) (8 ) (94 ) Releases 6 — 5 11 Disposals due to change in the scope of consolidation — — — — Exchange differences and other 40 15 16 71 Balances at 31 December 2018 (61 ) (239 ) (616 ) (916 ) IFRS 16 Adoption impact — — — — — — — — Balances at 1 January 2019 (61 ) (239 ) (616 ) (916 ) — — — — Impairment charge for the year (14 ) (12 ) (36 ) (62 ) — — — — Releases 8 6 3 17 — — — — Disposals due to change in the scope of consolidation — — — — — — — — Exchange differences and other (26 ) 222 316 512 — — — — Balances at 31 December 2019 (93 ) (23 ) (333 ) (449 ) — — — — Tangible assets, net: Balances at 31 December 2017 8,279 12,371 2,324 22,974 Balances at 31 December 2018 8,150 16,444 1,563 26,157 IFRS 16 Adoption impact 6,693 — — 6,693 6,693 — — 6,693 Balances at 1 January 2019 14,843 16,444 1,563 32,850 6,693 — — 6,693 Balances at 31 December 2019 15,041 19,221 973 35,235 4,921 — — 4.921 |
Disclosure of maturity analysis of operating lease payments | In addition, the maturity analysis of the payments for assets leased out under operating leases from Santander Consumer USA Holdings Inc. is as follows: Million euros 2019 Maturity Analysis 2020 2,467 2021 6,330 2022 5,474 2023 1,362 |
Property, plant and equipment for own use | |
Tangible assets | |
Detail by class of asset of property, plant and equipment -for own use in the consolidated balance sheets | The detail, by class of asset, of Property, plant and equipment which is owned by the Group in the consolidated balance sheets is as follows: Million euros Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 5,892 (2,014 ) (77 ) 3,801 IT equipment and fixtures 5,608 (4,422 ) — 1,186 Furniture and vehicles 7,213 (4,391 ) — 2,822 Construction in progress and other items 563 (93 ) — 470 Balances at 31 December 2017 19,276 (10,920 ) (77 ) 8,279 Land and buildings 6,127 (2,056 ) (61 ) 4,010 IT equipment and fixtures 5,605 (4,455 ) — 1,150 Furniture and vehicles 6,686 (3,946 ) — 2,740 Construction in progress and other items 317 (67 ) — 250 Balances at 31 December 2018 18,735 (10,524 ) (61 ) 8,150 Land and buildings 13,972 (2,889 ) (93 ) 10,990 4,908 IT equipment and fixtures 5,995 (4,808 ) — 1,187 2 Furniture and vehicles 6,952 (4,216 ) — 2,736 11 Construction in progress and other items 189 (61 ) — 128 — Balances at 31 December 2019 27,108 (11,974 ) (93 ) 15,041 4,921 |
Intangible assets - Goodwill (T
Intangible assets - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reconciliation of changes in goodwill [abstract] | |
Schedules of goodwill and changes in goodwill | The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: Million euros 2019 2018 2017 Santander UK 7,147 8,307 8,375 Banco Santander (Brasil) 4,388 4,459 4,988 Santander Bank Polska 2,427 2,402 2,473 Santander Consumer USA 2,143 2,102 2,007 Santander Bank, National Association 1,828 1,793 1,712 Santander Consumer Germany 1,236 1,217 1,217 SAM Investment Holdings Limited 1,173 1,173 1,173 Santander Portugal 1,040 1,040 1,040 Santander España* 1,027 1,023 648 Banco Santander - Chile 589 627 676 Santander Consumer Nordics 496 502 518 Grupo Financiero Santander (México) 460 434 413 Other companies 292 387 529 Total Goodwill 24,246 25,466 25,769 * Includes mainly goodwill arising from purchases of Grupo Banco Popular S.A.U.´s network and WiZink´s card business. The changes in goodwill were as follows: Million euros 2019 2018 2017 Balance at beginning of year 25,466 25,769 26,724 Additions (Note 3) 41 383 1,644 Of which: SAM Investment Holdings Limited — — 1,173 Santander España* 4 375 248 Impairment losses (1,491 ) — (899 ) Of which: Santander UK plc (1,491 ) — — Santander Consumer USA — — (799 ) Disposals or changes in scope of consolidation — (130 ) — Exchange differences and other items 230 (556 ) (1,700 ) Balance at end of year 24,246 25,466 25,769 * At 31 December 2018, this includes EUR 375 million for the unsold part of the WiZink stake. As of 31 December 2017, includes EUR 248 million for the acquisition of Banco Popular Español S A.U. |
Schedule of goodwill assumptions | Following is a detail of the main assumptions used in determining the recoverable amount, at 2019 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2019 Projected period Discount rate* Nominal Santander UK 5 years 8.5 % 2.5 % Santander Bank Polska** 5 years 9.2 % 3.5 % Santander Consumer USA 3 years 9.5 % 1.5 % Santander Bank, National Association 5 years 9.6 % 3.6 % Santander Consumer Germany 5 years 8.2 % 2.5 % SAM Investment Holdings Limited 5 years 10.0 % 2.5 % Santander Portugal 5 years 8.9 % 2.0 % Santander Consumer Nordics 5 years 8.6 % 2.5 % * Post-tax discount rate. ** The recoverable amount has been calculated using the market price in previous years. The discount and nominal perpetual growth rates used in 2018 and 2017 are presented below for comparison purposes: Discount rate* Nominal 2018 2017 2018 2017 Santander UK 8.4 % 8.4 % 2.5 % 2.5 % Santander Consumer USA 11.1 % 10.7 % 1.5 % 2.5 % Santander Bank, National Association 10.6 % 10.1 % 3.8 % 3.7 % Santander Consumer Germany 8.5 % 8.6 % 2.5 % 2.5 % SAM Investment Holdings Limited 9.6 % n.a. 2.5 % n.a. Santander Portugal 9.6 % 10.0 % 2.0 % 2.5 % Santander Consumer Nordics 9.2 % 9.0 % 2.5 % 2.5 % * Post-tax discount rate. |
Intangible assets - Other int_2
Intangible assets - Other intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of Other intangible assets | The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2019 , 2018 , and 2017 is as follows: Million euros Estimated 31 December 2018 Net Change in Amortization Application of Exchange 31 December 2019 With indefinite useful life: Brand names 36 2 2 — 2 42 With finite useful life: IT developments 3 -7 years 7,134 1,374 (19 ) (639 ) 95 7,945 Other 1,510 1 (24 ) (248 ) 37 1,276 Accumulated amortisation (5,432 ) — 8 (966 ) 806 (102 ) (5,686 ) Development (4,743 ) — 4 (874 ) 570 (96 ) (5,139 ) Other (689 ) — 4 (92 ) 236 (6 ) (547 ) Impairment losses (154 ) — — (73 ) 81 10 (136 ) Of which: addition — — — (75 ) — — — liberation — — — 2 — — — 3,094 1,377 (33 ) (1,039 ) — 42 3,441 Million euros Estimated 31 December 2017 Net Change in Amortization Application of Exchange 31 December 2018 With indefinite useful life: Brand names 35 — — — 1 36 With finite useful life: IT developments 3-7 years 6,945 1,468 1 (1,102 ) (178 ) 7,134 Other 1,560 1 12 (50 ) (13 ) 1,510 Accumulated amortisation (5,386 ) — (1 ) (1,253 ) 1,035 173 (5,432 ) Development (4,721 ) — (1 ) (1,153 ) 985 147 (4,743 ) Other (665 ) — — (100 ) 50 26 (689 ) Impairment losses (240 ) — — (117 ) 117 86 (154 ) Of which: addition — — — (118 ) — — — liberation — — — 1 — — — 2,914 1,469 12 (1,370 ) — 69 3,094 Million euros Estimated 31 December 2016 Net Change in Amortization Application of Exchange 31 December 2017 With indefinite useful life: Brand names 39 — — — (4 ) 35 With finite useful life: IT developments 3-7 years 6,558 1,470 42 — (679 ) (446 ) 6,945 Other 1,245 68 436 — (126 ) (63 ) 1,560 Accumulated amortisation (4,848 ) — (64 ) (1,403 ) 694 235 (5,386 ) Development (4,240 ) — (14 ) (1,310 ) 627 216 (4,721 ) Other (608 ) — (50 ) (93 ) 67 19 (665 ) Impairment losses (297 ) — — (174 ) 111 120 (240 ) Of which: addition — — — (174 ) — — — 2,697 1,538 414 (1,577 ) — (158 ) 2,914 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Miscellaneous assets [abstract] | |
Schedule of other assets | The detail of Other assets is as follows: Million euros 2019 2018 2017 Transactions in transit 157 143 206 Net pension plan assets (Note 25) 903 1,015 604 Prepayments and accrued income 3,129 3,089 2,326 Other (Note 2.n) 5,752 4,744 4,427 9,941 8,991 7,563 |
Deposits from central banks a_2
Deposits from central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Deposits from central banks and credit institutions | |
Schedule of deposits from central banks and credit institutions | The detail, by classification, counterparty, type and currency, of Deposits from central banks and Deposits from credit institutions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 CENTRAL BANKS Classification: Financial liabilities held for trading — — 282 Financial liabilities designated at fair value through profit or loss 12,854 14,816 8,860 Financial liabilities at amortised cost 62,468 72,523 71,414 75,322 87,339 80,556 Type: Deposits on demand 5 5 5 Time deposits 67,424 82,797 78,801 Reverse repurchase agreements 7,893 4,537 1,750 75,322 87,339 80,556 CREDIT INSTITUTIONS Classification: Financial liabilities held for trading — — 292 Financial liabilities designated at fair value through profit or loss 9,340 10,891 18,166 Financial liabilities at amortised cost 90,501 89,679 91,300 99,841 100,570 109,758 Type: Deposits on demand 9,136 6,154 6,444 Time deposits 61,406 53,422 54,158 Reverse repurchase agreements 29,115 40,873 49,049 Subordinated deposits 184 121 107 99,841 100,570 109,758 Currency: Euro 79,008 97,323 119,606 Pound sterling 18,129 19,301 14,820 US dollar 53,403 45,848 33,259 Brazilian real 13,022 18,657 16,485 Other currencies 11,601 6,780 6,144 TOTAL 175,163 187,909 190,314 |
Customer deposits (Tables)
Customer deposits (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Deposits from customers [abstract] | |
Schedule of customer deposits | The detail, by classification, geographical area and type, of Customer deposits is as follows: Million of euros 2019 2018 2017 Classification: Financial liabilities held for trading — — 28,179 Financial liabilities designated at fair value through profit or loss 34,917 39,597 28,945 Financial liabilities 789,448 740,899 720,606 824,365 780,496 777,730 Geographical area: Spain 271,103 267,210 260,181 European Union (excluding Spain) 334,542 309,615 318,580 United States and Puerto Rico 60,011 53,843 50,771 Other OECD countries 71,235 67,462 62,980 South America 87,474 82,343 84,752 Rest of the world — 23 466 824,365 780,496 777,730 Type: Demand deposits- Current accounts 373,146 346,345 328,217 Savings accounts 208,701 196,493 189,845 Other demand deposits 6,686 5,873 7,010 Time deposits- Fixed-term deposits and other term deposits 194,163 195,540 195,285 Home-purchase savings accounts 44 40 45 Discount deposits 3 3 3 Hybrid financial liabilities 2,711 3,419 4,295 Subordinated liabilities — 23 21 Repurchase agreements 38,911 32,760 53,009 824,365 780,496 777,730 * The decrease reflects the run-down of UK's trading business due to the banking reform (Ring-fencing). |
Marketable debt securities (Tab
Marketable debt securities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Marketable Debt Securities [Abstract] | |
Schedule of marketable securities | The detail, by classification and type, of Marketable debt securities is as follows: Million euros 2019 2018 2017 Classification: Financial liabilities — — — Financial liabilities designated 3,758 2,305 3,056 Financial liabilities 258,219 244,314 214,910 261,977 246,619 217,966 Type: Bonds and debentures outstanding 208,455 195,498 176,719 Subordinated 20,878 23,676 21,382 Notes and other securities 32,644 27,445 19,865 261,977 246,619 217,966 |
Maturity of subordinated liabilities and debentures | The distribution of the book value of debt securities issued by contractual maturity is shown below: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 130 1,313 19,435 20,878 Senior unsecured debt — 3.128 9.504 18,923 33,263 31,199 22,283 118,300 Senior secured debt — 8.172 1.938 13,333 33,106 14,743 18,863 90,155 Promissory notes and other securities — 4.941 11.455 16,248 — — — 32,644 Debt securities issued — 16.241 22.897 48,504 66,499 47,255 60,581 261,977 The distribution by contractual maturity of the notional amounts of these debt securities issued is as follows: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 129 1,299 19,221 20,649 Senior unsecured debt — 3,056 9,286 18,489 32,499 30,483 21,771 115,584 Senior secured debt — 8,152 1,934 13,301 33,026 14,707 18,818 89,938 Promissory notes and other securities — 5,058 11,725 16,631 — — — 33,414 Debt securities issued — 16,266 22,945 48,421 65,654 46,489 59,810 259,585 The analysis of the maturities of lease liabilities as of 31 December 2019 is shown below: Million euros 2019 Maturity Analysis - Discounted payments Within 1 year 766 Between 1 and 3 years 1,254 Between 3 and 5 years 875 Later than 5 years 2,213 Total Discounted payments at 31 December 2019 5,108 |
Detail, by currency of issue, of bonds and debentures outstanding | The detail, by currency of issue, of Bonds and debentures outstanding is as follows: 2019 Million euros Currency of issue 2019 2018 2017 Outstanding issue amount in foreign currency (Million) Annual Euro 89,008 85,479 83,321 89,008 1.13 % US dollar 64,952 62,021 48,688 72,967 3.01 % Pound sterling 20,178 16,616 13,279 17,167 2.15 % Brazilian real 15,292 15,778 17,309 69,054 4.94 % Chilean peso 6,848 6,460 5,876 5,791,169 4.48 % Other currencies 12,177 9,144 8,246 Balance at end of year 208,455 195,498 176,719 |
Changes in Bonds and debentures outstanding | The changes in Bonds and debentures outstanding were as follows: Million euros 2019 2018 2017 Balance at beginning of year 195,498 176,719 183,278 Net inclusion of entities in the Group — — 11,426 Of which: Banco Santander, S.A. (Group Banco Popular S.A.U.) — — 11,426 Issues 64,184 68,306 62,260 Of which: Santander Consumer USA Holdings Inc. 15,631 15,627 11,242 Banco Santander (Brasil) S.A. 13,227 16,422 16,732 Banco Santander, S.A.* 12,066 7,683 10,712 Santander Consumer Finance, S.A. 5,150 3,605 2,508 Grupo Santander UK 4,547 14,984 7,625 Santander Holdings USA, Inc. 2,778 1,210 4,133 Banco Santander - Chile 1,644 1,483 579 Santander Consumer Bank A.S. 1,572 1,342 1,117 PSA Banque France 1,132 716 1,032 PSA Bank Deutschland GmbH 1,104 600 13 Santander International Products, Plc. 848 249 588 SCF Rahoituspalvelut VIII DAC 799 — — Santander Consumer Bank AG 750 — 749 Santander Consumer Bank S.p.A. 589 — 151 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 577 560 118 Banco Santander Totta, S.A. — — 1,999 SCF Rahoituspalvelut KIMI VI DAC — — 635 Redemptions and repurchases (52,462 ) (48,319 ) (66,871 ) Of which: Santander Consumer USA Holdings Inc. (14,517 ) (11,939 ) (10,264 ) Banco Santander (Brasil) S.A. (12,817 ) (14,802 ) (23,187 ) Santander Group UK (9,115 ) (6,800 ) (13,303 ) Banco Santander, S.A.* (3,303 ) (4,752 ) (9,956 ) Santander Consumer Finance, S.A. (2,550 ) (2,366 ) (1,618 ) Santander Holdings USA, Inc. (1,990 ) (903 ) (759 ) Santander Consumer Bank AS (1,551 ) (1,268 ) (337 ) PSA Bank Deutschland GmbH (902 ) (488 ) (23 ) Banco Santander- Chile (848 ) (204 ) (1,442 ) Banco Santander Totta, S.A. (739 ) (41 ) (998 ) Santander International Products, Plc. (722 ) (491 ) (310 ) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (159 ) (579 ) (224 ) Santander Bank, National Association — — (886 ) Banca PSA Italia S.p.A. — (600 ) — Exchange differences and other movements 1,235 (1,208 ) (13,374 ) Balance at year-end 208,455 195,498 176,719 * As of 31 December 2017 , issuer entities were included. |
Information on liabilities secured by financial assets | Set forth below is information on the liabilities secured by financial assets: Million euros 2019 2018 2017 Asset-backed securities 38,616 38,140 32,505 Of which, mortgage-backed securities 3,819 5,197 4,034 Other mortgage securities 50,269 46,026 52,497 Of which: mortgage-backed bonds 24,736 22,023 23,907 Territorial covered bond 1,270 1,270 1,270 90,155 85,436 86,272 |
Information required by Bank of Spain | The information required by Bank of Spain Circulars 7/2010 and 5/2011, by application of Royal Decree 716/2009, of 24 April is as follows: Million euros 2019 2018 2017 Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding securitised bonds) 84,720 85,610 91,094 Of which: Loans eligible to cover issues of mortgage-backed securities 59,517 60,195 59,422 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 14,569 15,807 18,202 |
Subordinated liabilities (Table
Subordinated liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Subordinated liabilities [abstract] | |
Schedule of subordinated liabilities detail, by currency of issue | The detail, by currency of issue, of Subordinated liabilities in the consolidated balance sheets is as follows: 2019 Million euros Outstanding issue amount in foreign currency (Million euros) Annual interest rate (%) Currency of issue 2019 2018 2017 Euro 12,542 14,001 11,240 12,542 4.15 % US dollar 6,506 7,813 8,008 7,309 5.80 % Pound sterling 655 628 874 557 8.91 % Brazilian real — — 131 Other currencies 1,359 1,378 1,257 Balance at end of year 21,062 23,820 21,510 Of which, preference shares 321 345 404 Of which, preference participations 7,709 9,717 8,369 |
Schedule of changes in subordinated liabilities | The changes in Subordinated liabilities (Note 22.a) in the last three years were as follows: Million euros 2019 2018 2017 Balance at beginning of year 23,676 21,382 19,873 Net inclusion of entities in the Group (Note 3) — — 11 Of which: Banco Santander, S.A. (Grupo Banco Popular) — — 11 Placements 1,056 3,266 2,916 Of which: Banco Santander, S.A.* 1,056 2,750 2,894 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México — 281 — Santander Bank Polska S.A. — 235 — Net redemptions and repurchases** (4,009 ) (1,259 ) (870 ) Of which: Banco Santander, S.A.* (3,782 ) (401 ) (453 ) Banco Santander (Brasil) S.A. (124 ) (61 ) — Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (69 ) (125 ) — Santander Bank, National Association (19 ) (163 ) (285 ) Santander UK plc (16 ) (313 ) (60 ) Santander Holdings USA, Inc. — (195 ) (72 ) Exchange differences and other movements 155 287 (548 ) Balance at end of year 20,878 23,676 21,382 * As of 31 December 2017 , issuer entities were included. ** The balance relating to issuances, redemptions and repurchases (EUR 2,953 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,091 million), is included in the cash flow from financing activities. |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other Financial Liabilities [Abstract] | |
Schedule of other financial liabilities | The detail of Other financial liabilities in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Trade payables 1,279 1,323 1,559 Clearing houses 165 434 767 Tax collection accounts: Public Institutions 4,122 3,968 3,212 Factoring accounts payable 409 263 290 Unsettled financial transactions 3,693 3,373 6,375 Lease liabilities (Note 2.l) 5,108 190 202 Other financial liabilities 15,459 15,113 16,023 30,235 24,664 28,428 |
Maturity of subordinated liabilities and debentures | The distribution of the book value of debt securities issued by contractual maturity is shown below: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 130 1,313 19,435 20,878 Senior unsecured debt — 3.128 9.504 18,923 33,263 31,199 22,283 118,300 Senior secured debt — 8.172 1.938 13,333 33,106 14,743 18,863 90,155 Promissory notes and other securities — 4.941 11.455 16,248 — — — 32,644 Debt securities issued — 16.241 22.897 48,504 66,499 47,255 60,581 261,977 The distribution by contractual maturity of the notional amounts of these debt securities issued is as follows: Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Subordinated debt — — — — 129 1,299 19,221 20,649 Senior unsecured debt — 3,056 9,286 18,489 32,499 30,483 21,771 115,584 Senior secured debt — 8,152 1,934 13,301 33,026 14,707 18,818 89,938 Promissory notes and other securities — 5,058 11,725 16,631 — — — 33,414 Debt securities issued — 16,266 22,945 48,421 65,654 46,489 59,810 259,585 The analysis of the maturities of lease liabilities as of 31 December 2019 is shown below: Million euros 2019 Maturity Analysis - Discounted payments Within 1 year 766 Between 1 and 3 years 1,254 Between 3 and 5 years 875 Later than 5 years 2,213 Total Discounted payments at 31 December 2019 5,108 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Non-controlling interests | |
Schedule of details of provisions in the consolidated balance sheet | The detail of Provisions in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Provision for pensions and other obligations post-employments 6,358 5,558 6,345 Other long term employee benefits 1,382 1,239 1,686 Provisions for taxes and other legal contingencies 3,057 3,174 3,181 Provisions for contingent liabilities and commitments (Note 2) 739 779 617 Other provisions 2,451 2,475 2,660 Provisions 13,987 13,225 14,489 |
Schedule of changes in provision in the last three years | The changes in Provisions in the last three years were as follows: Million euros 2019 2018 2017 Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments Other provisions Total Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments* Other provisions Total Provisions for pensions and other post-retirement obligations Provision for other long term employee benefits Provisions for contingent liabilities and commitments Other provisions Total Balances at beginning of year 5,558 1,239 779 5,649 13,225 6,345 1,686 814 5,841 14,686 6,576 1,712 459 5,712 14,459 Incorporation of Group companies, net — (1 ) — — (1 ) — — — (30 ) (30 ) 59 184 146 1,365 1,754 Additions charged to income: 173 729 (31 ) 2,836 3,707 38 251 (49 ) 2,253 2,493 237 293 (49 ) 2,863 3,344 Interest expense (Note 39) 128 17 — — 145 165 21 — — 186 175 23 — — 198 Staff costs (Note 47) 65 7 — — 72 78 6 — — 84 82 6 — — 88 Provisions or reversion of provisions (20 ) 705 (31 ) 2,836 3,490 (205 ) 224 (49 ) 2,253 2,223 (20 ) 264 (49 ) 2,863 3,058 Addition 10 713 422 4,276 5,421 7 227 455 4,612 5,301 2 264 606 3,855 4,727 Release (30 ) (8 ) (453 ) (1,440 ) (1,931 ) (212 ) (3 ) (504 ) (2,359 ) (3,078 ) (22 ) — (655 ) (992 ) (1,669 ) Other additions arising from insurance contracts linked to pensions 4 — — — 4 (7 ) — — — (7 ) (7 ) — — — (7 ) Changes in value recognised in equity 1,520 — — — 1,520 (482 ) — — — (482 ) 369 — — — 369 Payments to pensioners and pre-retirees with a charge to internal provisions (331 ) (612 ) — — (943 ) (332 ) (625 ) — — (957 ) (355 ) (498 ) — — (853 ) Benefits paid due to settlements — — — — — — — — — — (260 ) — — — (260 ) Insurance premiums paid (1 ) — — — (1 ) (2 ) — — — (2 ) — — — — — Payments to external funds (455 ) — — — (455 ) (368 ) — — — (368 ) (273 ) — — — (273 ) Amounts used — — — (2,907 ) (2,907 ) — — (3 ) (2,548 ) (2,551 ) — — (3 ) (2,997 ) (3,000 ) Transfer, exchange differences and other changes (110 ) 27 (9 ) (70 ) (162 ) 366 (73 ) 17 133 443 (1 ) (5 ) 64 (1,102 ) (1,044 ) Balances at end of year 6,358 1,382 739 5,508 13,987 5,558 1,239 779 5,649 13,225 6,345 1,686 617 5,841 14,489 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). |
Schedule of provision for pensions and similar obligations | The detail of Provisions for pensions and similar obligations is as follows: Million euros 2019 2018 2017 Provisions for post-employment plans - Spanish entities 3,951 3,930 4,274 Provisions for other similar obligations - Spanish entities 1,321 1,189 1,643 Of which: pre-retirements 1,303 1,172 1,630 Provisions for post-employment plans - United Kingdom 329 130 323 Provisions for post-employment plans - Other subsidiaries 2,078 1,498 1,748 Provisions for other similar obligations - Other subsidiaries 61 50 43 Provision for pensions and other obligations post -employments and Other long term employee benefits 7,740 6,797 8,031 Of which: defined benefits 7,731 6,791 8,026 |
Other combined provisions | |
Non-controlling interests | |
Schedule of other provisions by geographical area and by type of provision | The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows: Million euros 2019 2018 2017 Recognised by Spanish companies 1,381 1,647 1,666 Recognised by other EU companies 1,100 1,044 1,127 Recognised by other companies 3,027 2,958 3,048 Of which: Brazil 2,484 2,496 2,504 5,508 5,649 5,841 Set forth below is the detail, by type of provision, of the balance at 31 December 2019 , 2018 and 2017 of Provisions for taxes and other legal contingencies and Other provisions. The types of provision were determined by grouping together items of a similar nature: Million euros 2019 2018 2017 Provisions for taxes 759 864 1,006 Provisions for employment-related proceedings (Brazil) 776 859 868 Provisions for other legal proceedings 1,522 1,451 1,307 Provision for customer remediation 725 652 885 Regulatory framework-related provisions 67 105 101 Provision for restructuring 641 492 360 Other 1,018 1,226 1,314 5,508 5,649 5,841 |
Provisions For Pensions And Similar Obligations Member | |
Non-controlling interests | |
Schedule of other provisions by geographical area and by type of provision | The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 391 2021 362 2022 388 2023 403 2024 428 2025 to 2029 2,450 |
SPAIN | |
Non-controlling interests | |
Schedule of actuarial assumptions used to calculate defined benefit obligations | Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Annual discount rate 0.80 % 1.55 % 1.40% and 1.38% B. Popular 0.80 % 1.55 % 1.40 % Mortality tables PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 PERM/F-2000 Cumulative annual CPI growth 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % Annual salary increase rate 1.25%* 2.00%* B. Popular 1.75% in 2018 and Rest B. Santander 1.25% N/A N/A N/A Annual social security pension increase rate 1.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % From 0% to 1.50% From 0% to 1.50% * Corresponds to the Group’s defined-benefit obligations. |
Disclosure of expected rate of return assumptions | The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions: Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Expected rate of return on plan assets 0.80 % 1.55 % 1.40 % 0.80 % 1.55 % 1.40 % Expected rate of return on reimbursement rights 0.80 % 1.55 % 1.40 % N/A N/A N/A |
Schedule of funding status of the defined benefit obligations | The funding status of the defined benefit obligations in 2019 and the four preceding years is as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2016 2015 2019 2018 2017 2016 2015 Present value of the obligations: To current employees 59 60 138 50 48 — — — — — Vested obligations to retired employees 5,393 5,332 5,662 4,423 4,551 — — — — — To pre-retirees employees — — — — — 1,317 1,187 1,647 1,644 1,801 Long-service bonuses and other benefits — — — — — 18 17 13 13 12 Other 42 35 112 383 380 — — — — — 5,494 5,427 5,912 4,856 4,979 1,335 1,204 1,660 1,657 1,813 Less - Fair value of plan assets 1,547 1,500 1,640 157 157 14 15 17 — — Provisions - Provisions for pensions 3,947 3,927 4,272 4,699 4,822 1,321 1,189 1,643 1,657 1,813 Of which: Internal provisions for pensions 3,759 3,720 4,036 4,432 4,524 1,321 1,189 1,642 1,657 1,813 Insurance contracts linked to pensions (Note 14) 192 210 238 269 299 — — 1 — — Unrecognised net assets for pensions (4 ) (3 ) (2 ) (2 ) (1 ) — — — — — |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Current service cost 12 18 16 1 1 1 Interest cost (net) 53 73 79 15 18 21 Expected return on insurance contracts linked to pensions (2 ) (4 ) (4 ) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — 7 7 13 Past service cost 3 3 — 1 5 — Pre-retirement cost 1 1 — 687 208 248 Other (29 ) (4 ) (2 ) (2 ) — — 38 87 89 709 239 283 |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued defined benefit obligations were as follows: Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Present value of the obligations at beginning of year 5,427 5,912 4,856 1,204 1,660 1,657 Incorporation of Group companies, net — (36 ) 1,563 (1 ) — 202 Current service cost 12 18 16 1 1 1 Interest cost 72 99 94 15 18 21 Pre-retirement cost 1 1 — 687 208 248 Effect of curtailment/settlement (29 ) (4 ) (2 ) (2 ) — — Benefits paid (400 ) (423 ) (388 ) (599 ) (617 ) (490 ) Benefits paid due to settlements — — (260 ) — — — Past service cost 3 3 — 1 5 — Actuarial (gains)/losses 407 (145 ) 57 7 6 13 Demographic actuarial (gains)/losses 15 (21 ) (7 ) (9 ) (3 ) 10 Financial actuarial (gains)/losses 392 (124 ) 64 16 9 3 Exchange differences and other items 1 2 (24 ) 22 (77 ) 8 Present value of the obligations at end of year 5,494 5,427 5,912 1,335 1,204 1,660 |
Schedule of changes in fair value of plan assets | The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows: Plan Assets Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Fair value of plan assets at beginning of year 1,500 1,640 157 15 17 — Incorporation of Group companies, net — — 1,507 — — 18 Expected return on plan assets 19 26 15 — — — Benefits paid (108 ) (115 ) (58 ) (2 ) (2 ) (1 ) Contributions/(surrenders) 8 21 3 — — — Actuarial gains/(losses) 128 (73 ) 24 — (1 ) — Exchange differences and other items — 1 (8 ) 1 1 — Fair value of plan assets at end of year 1,547 1,500 1,640 14 15 17 |
Schedule of insurance contracts linked to pensions | Insurance Contracts linked to pensions Million euros Post-employment plans Other similar obligations 2019 2018 2017 2019 2018 2017 Fair value of insurance contracts linked to pensions at beginning of year 210 238 269 — 1 — Incorporation of Group companies, net — — — — — 2 Expected return on insurance contracts linked to pensions 2 4 4 — — — Benefits paid (24 ) (27 ) (29 ) — (1 ) (1 ) Paid premiums — 2 1 — — — Actuarial gains/(losses) 4 (7 ) (7 ) — — — Fair value of insurance contracts linked to pensions at end of year 192 210 238 — — 1 |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 836 2021 638 2022 569 2023 491 2024 421 2025 to 2029 1,560 |
UK | |
Non-controlling interests | |
Schedule of actuarial assumptions used to calculate defined benefit obligations | Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: 2019 2018 2017 Annual discount rate 2.11 % 2.90 % 2.49 % Mortality tables "S3 Middle" tables weighted at 84% CMI_2018 projection with initial addition 0.15%, smoothing parameter 7 and 1.25% improvements 108/86 S2 Light 108/86 S2 Light Cumulative annual CPI growth 3.01 % 3.22 % 3.15 % Annual salary increase rate 1.00 % 1.00 % 1.00 % Annual pension increase rate 2.91 % 2.94 % 2.94 % |
Schedule of funding status of the defined benefit obligations | The funding status of the defined benefit obligations in 2019 and the four preceding years is as follows: Million euros 2019 2018 2017 2016 2015 Present value of the obligations 14,297 12,079 13,056 12,955 12,271 Less- Fair value of plan assets 14,755 12,887 13,239 13,118 12,880 Provisions - Provisions for pensions (458 ) (808 ) (183 ) (163 ) (609 ) Of which: Internal provisions for pensions 329 130 323 306 150 Net assets for pensions (787 ) (938 ) (506 ) (469 ) (759 ) |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: Million euros 2019 2018 2017 Current service cost 27 31 36 Interest cost (net) (24 ) (6 ) (6 ) 3 25 30 |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued defined benefit obligations were as follows: Million euros 2019 2018 2017 Present value of the obligations at beginning of year 12,079 13,056 12,955 Current service cost 27 31 36 Interest cost 352 320 347 Benefits paid (441 ) (489 ) (445 ) Contributions made by employees 18 24 20 Past service cost — — — Actuarial (gains)/losses 1,594 (766 ) 602 Demographic actuarial (gains)/losses 48 (21 ) (184 ) Financial actuarial (gains)/losses 1,546 (745 ) 786 Exchange differences and other items 668 (97 ) (459 ) Present value of the obligations at end of year 14,297 12,079 13,056 |
Schedule of changes in fair value of plan assets | The changes in the fair value of the plan assets were as follows: Mllion euros 2019 2018 2017 Fair value of plan assets at beginning of year 12,887 13,239 13,118 Expected return on plan assets 376 326 353 Benefits paid (441 ) (489 ) (445 ) Contributions 244 209 208 Actuarial gains/(losses) 993 (285 ) 481 Exchange differences and other items 696 (113 ) (476 ) Fair value of plan assets at end of year 14,755 12,887 13,239 |
Schedule of main categories of plan assets | The main categories of plan assets as a percentage of total plan assets are as follows: 2019 2018 2017 Equity instruments 12 % 17 % 20 % Debt instruments 46 % 50 % 46 % Properties 11 % 10 % 13 % Other 31 % 23 % 21 % |
Other Foreign Countries | |
Non-controlling interests | |
Schedule of provision for pensions and similar obligations | The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2019 and the four preceding years is as follows: Million euros 2019 Of which business in Brazil 2018 2017 2016 2015 Present value of the obligations 10,717 7,774 9,116 9,534 9,876 8,337 Less- Of which: with a charge to the participants 176 176 167 193 153 133 Fair value of plan assets 8,826 6,875 7,743 7,927 8,445 7,008 Provisions - Provisions for pensions 1,715 723 1,206 1,414 1,278 1,196 Of which: Internal provisions for pensions 2,129 1,098 1,541 1,787 1,613 1,478 Net assets for pensions (116 ) (77 ) (77 ) (98 ) (52 ) (28 ) Unrecognised net assets for pensions (298 ) (298 ) (258 ) (275 ) (283 ) (254 ) |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to these obligations are as follows: Million euros 2019 2018 2017 Current service cost 32 34 35 Interest cost (net) 101 101 104 Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year 12 5 1 Past service cost 6 3 3 Pre-retirement cost — (6 ) — Other (1 ) (203 ) (19 ) 150 (66 ) 124 |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued obligations were as follows: Million euros 2019 2018 2017 Present value of the obligations at beginning of year 9,116 9,534 9,876 Incorporation of Group companies, net — 36 165 Current service cost 32 34 35 Interest cost 651 646 807 Pre-retirement cost — (6 ) — Effect of curtailment/settlement (1 ) (199 ) (19 ) Benefits paid (666 ) (634 ) (716 ) Benefits paid due to settlements — — (24 ) Contributions made by employees 5 5 6 Past service cost 6 3 3 Actuarial (gains)/losses 1,652 390 404 Demographic actuarial (gains)/losses 3 (59 ) (140 ) Financial actuarial (gains)/losses 1,649 449 544 Exchange differences and other items (78 ) (693 ) (1,003 ) Present value of the obligations 10,717 9,116 9,534 |
Schedule of changes in fair value of plan assets | The changes in the fair value of the plan assets were as follows: Million euros 2019 2018 2017 Fair value of plan assets at beginning of year 7,743 7,927 8,445 Incorporation of Group companies, net — — 166 Expected return on plan assets 573 573 732 Benefits paid (613 ) (602 ) (683 ) Benefits paid due to settlements — — (24 ) Contributions 214 199 94 Actuarial gains/(losses) 1,021 308 203 Exchange differences and other items (112 ) (662 ) (1,006 ) Fair value of plan assets at end of year 8,826 7,743 7,927 |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2019 for the next ten years: Million euros 2020 609 2021 615 2022 629 2023 641 2024 655 2025 to 2029 3,418 |
Schedule of main categories of plan assets | The main categories of plan assets as a percentage of total plan assets are as follows: 2019 2018 2017 Equity instruments 8 % 7 % 6 % Debt instruments 84 % 83 % 84 % Properties 1 % 1 % 3 % Other 7 % 9 % 7 % |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Miscellaneous liabilities [abstract] | |
Schedule of other liabilities | The detail of Other liabilities in the consolidated balance sheets is as follows: Million euros 2019 2018 2017 Transactions in transit 663 803 811 Accrued expenses and deferred income 6,909 6,621 6,790 Other 5,220 5,664 4,990 12,792 13,088 12,591 |
Tax matters (Tables)
Tax matters (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |
Schedule of reconciliation of income tax expense | The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows: Million euros 2019 2018 2017 Consolidated profit (loss) before tax: From continuing operations 12,543 14,201 12,091 From discontinued operations — — — 12,543 14,201 12,091 Income tax at tax rate applicable in Spain (30%) 3,763 4,260 3,628 By the effect of application of the various tax rates applicable in each country* 243 509 539 Of which: Brazil 502 719 656 United Kingdom (80 ) (99 ) (78 ) United States (71 ) (57 ) 68 Chile (35 ) (35 ) (48 ) Effect of profit or loss of associates and joint ventures (97 ) (221 ) (211 ) Effect of deduction of goodwill in Brazil — — (164 ) Effect of reassessment of deferred taxes (612 ) — (282 ) Permanent differences** 1,130 338 374 Current income tax 4,427 4,886 3,884 Effective tax rate 35.29 % 34.40 % 32.12 % Of which: Continuing operations 4,427 4,886 3,884 Discontinued operations (Note 37) — — — Of which: Current taxes 3,962 4,763 3,777 Deferred taxes 465 123 107 Income tax (receipts)/payments 2,593 3,342 4,137 * Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction. ** Including the impairment of goodwill in Santander UK in 2019 and the recognition of tax credits in Portugal in 2018. |
Schedule of tax recognized in equity | In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2019 , 2018 and 2017 : Million euros 2019 2018* 2017 Other comprehensive income Items not reclassified to profit or loss 500 (225 ) 60 Actuarial gains or (-) losses on defined benefit pension plans 499 (199 ) 60 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (42 ) — Financial liabilities at fair value with changes in results attributable to changes in credit risk 43 (26 ) Items that may be reclassified to profit or loss (832 ) 124 — Cash flow hedges (17 ) (50 ) 108 Changes in the fair value of debt instruments through other comprehensive income (811 ) 167 Financial assets available for sale (97 ) Debt instruments (366 ) Equity instruments 269 Other recognised income and expense of investments in subsidiaries, joint ventures and associates (4 ) 7 (11 ) Total (332 ) (101 ) 60 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). |
Schedule of deferred tax assets and liabilities | The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Monetizable* ** Other Monetizable* ** Other Monetizable* ** Other Tax assets: 11,233 11,525 10,866 12,392 11,046 12,164 Tax losses and tax credits — 3,428 — 4,276 — 4,457 Temporary differences 11,233 8,097 10,866 8,116 11,046 7,707 Of which: Non-deductible provisions — 2,751 — 2,613 — 2,336 Valuation of financial instruments — 400 — 609 — 530 Loan losses 7,645 1,086 7,279 1,308 7,461 1,159 Pensions 3,587 1,009 3,587 632 3,585 723 Valuation of tangible and intangible assets — 1,317 — 1,215 — 1,077 Tax liabilities: — 6,522 — 5,568 — 4,837 Temporary differences — 6,522 — 5,568 — 4,837 Of which: Valuation of financial instruments — 2,073 — 1,168 — 1,207 Valuation of tangible and intangible assets — 1,962 — 1,503 — 1,256 Investments in Group companies — 831 — 880 — 808 * Not deductible from regulatory capital. ** As the circumstances of the aforementioned regulations were met, Banco Popular Español, S.A.U. requested the conversion of part of its monetizable assets in 2016 income tax return (EUR 486 million conversion approved in 2018) and in 2017 income tax form (EUR 995 million , in this case Spanish tax authorities have expressly confirmed the nature of the assets as monetizable, but it considers that conditions for conversion are not met at the end of 2017, without prejudice to the conversion in future years). |
Schedule of changes in deferred tax assets and liabilities | The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows: Million euros Balances at 31 December 2018 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2019 Deferred tax assets 23,258 215 (610 ) (92 ) (13 ) 22,758 Tax losses and tax credits 4,276 (301 ) (548 ) — — 3,427 Temporary differences 18,982 516 (62 ) (92 ) (13 ) 19,331 Of which: monetizable 10,866 427 (60 ) — — 11,233 Deferred tax liabilities (5,568 ) (680 ) 92 (366 ) — (6,522 ) Temporary differences (5,568 ) (680 ) 92 (366 ) — (6,522 ) 17,690 (465 ) (518 ) (458 ) (13 ) 16,236 Million euros Balances at 31 December 2017 IFRS 9 Adoption impact (Balance at January 1, 2018) (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2018 Deferred tax assets 23,210 680 241 (807 ) 149 (215 ) 23,258 Tax losses and tax credits 4,457 — (128 ) 1 — (54 ) 4,276 Temporary differences 18,753 680 369 (808 ) 149 (161 ) 18,982 Of which: monetizable 11,046 273 391 (844 ) — — 10,866 Deferred tax liabilities (4,837 ) — (364 ) (114 ) (315 ) 62 (5,568 ) Temporary differences (4,837 ) — (364 ) (114 ) (315 ) 62 (5,568 ) 18,373 680 (123 ) (921 ) (166 ) (153 ) 17,690 Million euros Balances at 31 December 2016 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisitions for the year (net) Balances at 31 December 2017 Deferred tax assets 21,264 (675 ) (756 ) (1 ) 3,378 23,210 Tax losses and tax credits 4,934 (279 ) (205 ) — 7 4,457 Temporary differences 16,330 (396 ) (551 ) (1 ) 3,371 18,753 Of which: monetizable 9,649 (185 ) (455 ) — 2,037 11,046 Deferred tax liabilities (5,694 ) 568 414 19 (144 ) (4,837 ) Temporary differences (5,694 ) 568 414 19 (144 ) (4,837 ) 15,570 (107 ) (342 ) 18 3,234 18,373 |
Non-controlling interests (Tabl
Non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Non-controlling interests Abstract | |
Schedule of detail, by Group company, of Equity - Non-controlling interests | The detail, by Group company, of Equity - Non-controlling interests is as follows: 2019 2018 2017 Santander Consumer USA Holdings Inc. 1,565 1,652 1,479 Santander Bank Polska S.A. 1,597 1,538 1,901 Grupo PSA 1,569 1,409 1,305 Banco Santander (Brasil) S.A. 1,167 1,114 1,489 Banco Santander - Chile 1,101 1,085 1,209 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 333 1,093 1,056 Grupo Metrovacesa — — 836 Other companies* 1,655 1,493 1,481 8,987 9,384 10,756 Profit/(Loss) for the year attributable to non-controlling interests 1,601 1,505 1,588 Of which: Banco Santander (Brasil) S.A. 373 292 288 Banco Santander - Chile 283 279 264 Grupo PSA 266 232 206 Santander Consumer USA Holdings Inc. 230 218 368 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 195 216 194 Santander Bank Polska S.A. 162 173 160 Other companies 92 95 108 TOTAL 10,588 10,889 12,344 * Includes a Santander UK plc issuance of perpetual convertible equity instruments, at the option of Santander UK plc, into preference shares of Santander UK itself for a nominal amount of GBP 2,250 million (the Group having acquired GBP 1,100 million ). Carrying amount of EUR 1,346 million in 2019 (EUR 1,280 million and EUR 1,290 million in 2018 and 2017 , respectively). |
Schedule of changes in Non-controlling interests | The changes in Non-controlling interests are summarised as follows: Million euros 2019 2018* 2017 Balance at the end of the previous year 10,889 12,344 11,761 Effect of changes in accounting policies** — (1,292 ) — Balance at beginning of year 10,889 11,052 11,761 Other comprehensive income*** 310 (109 ) (583 ) Other (611 ) (54 ) 1,166 Profit attributable to non-controlling interests 1,601 1,505 1,588 Modification of participation rates (1,623 ) (65 ) (819 ) Change of perimeter 110 (660 ) (39 ) Dividends paid to minority shareholders (895 ) (687 ) (665 ) Changes in capital and others concepts 196 (147 ) 1,101 Balance at end of year 10,588 10,889 12,344 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** See change in consolidated statements of changes in total equity. *** Mainly due to Exchange differences. |
Schedule of financial information on the subsidiaries with significant non-controlling interests | The financial information on the subsidiaries with significant non-controlling interests at 31 December 2019 is summarised below: Million euros* Banco Santander (Brasil) S.A. Banco Santander (Chile), S.A. Grupo Financiero Santander México, S.A.B. de C.V. Santander Bank Polska S.A. Santander Consumer USA Holdings Inc. Total assets 172,033 62,151 72,441 44,688 43,706 Total liabilities 156,251 57,246 66,086 39,659 37,097 Net assets 15,782 4,905 6,355 5,029 6,609 Total income 13,951 2,539 3,998 1,717 4,575 Total profit 3,311 919 1,145 511 806 * Information prepared in accordance with the segment reporting criteria described in Note 52 and, therefore, it may not coincide with the information published separately by each entity. |
Other comprehensive income (Tab
Other comprehensive income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Schedule of other comprehensive income components | Million of euros 2019 2018 2017 (IFRS 9) (IFRS 9)* (IAS 39) Other comprehensive income (22,032 ) (22,141 ) (21,776 ) Items that will not be reclassified to profit or loss (4,288 ) (2,936 ) (4,034 ) Actuarial gains and losses on defined benefit pension plans (4,764 ) (3,609 ) (4,033 ) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates 1 1 (1 ) Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income 514 597 Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) 44 — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (44 ) — Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (39 ) 75 Items that may be reclassified to profit or loss (17,744 ) (19,205 ) (17,742 ) Hedges of net investments in foreign operations (Effective portion) (5,464 ) (4,312 ) (4,311 ) Exchange differences (14,607 ) (15,730 ) (15,430 ) Hedging derivatives. Cash flow hedges (Effective portion) 300 277 152 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income 2,321 828 Hedging instruments (items not designated) — — Financial assets available-for-sale 2,068 Debt instruments 1,154 Equity instruments 914 Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (294 ) (268 ) (221 ) * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of changes in fair value of equity instruments that will not be reclassified | The following is a breakdown of the composition of the balance as of 31 December 2019 (IFRS 9) under "Other comprehensive income" - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result depending on the geographical origin of the issuer: Million of euros 31/12/2019 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Spain 21 (445 ) (424 ) 184 International Rest of Europe 68 (72 ) (4 ) 379 United States 15 (3 ) 12 44 Latin America and rest 934 (4 ) 930 2,256 1,038 (524 ) 514 2,863 Of which: Publicly listed 936 (14 ) 922 2,283 Non publicly listed 102 (510 ) (408 ) 580 |
Schedule of exchange differences included in other comprehensive income that may be reclassified to profit or loss | The detail, by country is as follows: 2019 2018 2017 Net balance at end of year (20,071 ) (20,042 ) (19,741 ) Of which: Brazilian Real (13,579 ) (12,950 ) (11,056 ) Pound Sterling (3,135 ) (3,924 ) (3,732 ) Mexican Peso (2,439 ) (2,312 ) (2,230 ) Argentine Peso* — — (1,684 ) Chilean Peso (1,560 ) (1,238 ) (866 ) US Dollar 1,654 1,330 555 Other (1,012 ) (948 ) (728 ) * In 2019 and 2018, due to the application of IAS 29 for hyperinflationary economies, they have been transferred to Other Reserves (see Note 33). |
Schedule of other comprehensive income, that may be reclassified to profit or loss, by type of instrument and geographical origin of the issuer | The breakdown, by type of instrument and geographical origin of the issuer, of Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (IFRS 9) and Financial assets available-for-sale (IAS 39) at 31 December 2019 , 2018 and 2017 is as follows: Million euros 31 December 2019 31 December 2018* 31 December 2017 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain (Note 7) 947 (2 ) 945 32,413 326 (3 ) 323 38,550 660 (25 ) 635 48,217 Rest of Europe 664 (38 ) 626 19,052 373 (55 ) 318 17,494 306 (24 ) 282 20,244 Latin America and rest of the world 839 (121 ) 718 51,284 448 (117 ) 331 42,599 404 (129 ) 275 39,132 Private-sector debt securities 81 (49 ) 32 20,096 37 (178 ) (141 ) 19,777 90 (128 ) (38 ) 20,888 2,531 (210 ) 2,321 122,845 1,184 (353 ) 831 118,420 1,460 (306 ) 1,154 128,481 Equity instruments Domestic Spain 5 (2 ) 3 1,373 International Rest of Europe 166 (2 ) 164 979 United States 14 (5 ) 9 560 Latin America and rest of the world 744 (6 ) 738 1,878 929 (15 ) 914 4,790 Of which: Listed 828 (5 ) 823 2,900 Unlisted 101 (10 ) 91 1,890 2,531 (210 ) 2,321 122,845 1,184 (353 ) 831 118,420 2,389 (321 ) 2,068 133,271 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of changes in other comprehensive income for entities accounted for using the equity method | The changes in other comprehensive income - Entities accounted for using the equity method were as follows: Million euros 2019 2018 2017 Balance at beginning of year (267 ) (222 ) (153 ) Revaluation gains/(losses) (33 ) (65 ) (84) Net amounts transferred to profit or loss 7 20 15 Balance at end of year (293 ) (267 ) (222 ) Of which: Zurich Santander Insurance (145 ) (159 ) (145 ) |
Accumulated retained earnings (
Accumulated retained earnings (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accumulated Retained Earnings | |
Schedule of accumulated retained earnings and reserves of entities accounted for using the equity method | The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows: Million euros 2019 2018 2017 Restricted reserves 2,595 2,580 2,880 Legal reserve 1,662 1,624 1,614 Own shares 879 902 1,212 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 11 11 11 Unrestricted reserves 10,664 12,099 11,369 Voluntary reserves* 4,603 5,737 6,904 Consolidation reserves attributable to the Bank 6,061 6,362 4,465 Reserves of subsidiaries 41,357 37,593 36,862 Reserves of entities accounted for using the equity method 1,166 917 724 55,782 53,189 51,835 * In accordance with the commercial regulations in force in Spain. |
Schedule of Reserves of subsidiaries based on the companies' contribution to the Group | The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows: Million euros 2019 2018 2017 Banco Santander (Brasil) S.A. (Consolidated Group) 12,400 10,755 9,874 Santander UK Group 8,079 8,207 7,724 Group Santander Holdings USA 4,528 4,260 4,150 Santander Consumer Finance Group 4,012 2,841 2,465 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 3,810 3,436 3,229 Banco Santander - Chile 3,116 2,963 2,764 Banco Santander Totta, S.A. (Consolidated Group) 2,823 2,729 2,821 Santander Bank Polska S.A. 1,738 1,387 1,093 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 823 714 638 Banco Santander (Suisse) SA. 348 369 381 Santander Investment, S.A. 146 208 202 Banco Santander Río S.A. (197 ) (82 ) 1,639 Other companies and consolidation adjustments* (269 ) (194 ) (118 ) 41,357 37,593 36,862 Of which, restricted 3,193 2,964 2,777 * Includes the charge relating to cumulative exchange differences in the transition to International Financial Reporting Standards. |
Memorandum items (Tables)
Memorandum items (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Off-balance-sheet exposures | |
Schedule of contingent commitments | Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contract. The detail is as follows: 2019 2018 2017 Loans commitment granted 241,179 218,083 207,671 Of which doubtful 352 298 81 Financial guarantees granted 13,650 11,723 14,499 Of which doubtful 154 181 254 Financial guarantees 13,619 11,557 14,287 Credit derivatives sold 31 166 212 Other commitments granted 68,895 74,389 64,917 Of which doubtful 747 983 992 Technical guarantees 33,890 35,154 30,273 Other 35,005 39,235 34,644 |
Schedule of off-balance sheet funds managed by the entity and joint ventures | The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows: Million euros 2019 2018 2017 Investment funds 142,988 127,564 135,749 Pension funds 11,843 11,160 11,566 Assets under management 22,079 19,131 19,259 176,910 157,855 166,574 |
Hedging derivatives (Tables)
Hedging derivatives (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of details of hedging instruments | The following tables contains details of the hedging instruments used in the Group's hedging strategies as of 31 December 2019 and 31 December 2018 : Million euros 2019 Carrying amount Notional Value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line ítems Fair value hedges 202,548 3,570 3,649 (1,522 ) Interest rate risk 183,586 3,032 3,160 (1,346 ) Equity swap 78 — 1 1 Hedging derivatives Future interest rate 12,325 — 32 (476 ) Hedging derivatives Interest rate swap 117,439 2,651 2,297 (429 ) Hedging derivatives Call money swap 44,791 91 472 (295 ) Hedging derivatives Currency swap 8,728 272 349 (126 ) Hedging derivatives Swaption 50 9 9 — Hedging derivatives Collar 15 1 — — Hedging derivatives Floor 160 8 — (21 ) Hedging derivatives Exchange rate risk 10,006 73 55 (60 ) Curency swap 284 24 1 — Hedging derivatives Fx forward 9,722 49 54 (60 ) Hedging derivatives Interest rate and exchange rate risk 8,698 465 428 (116 ) Interest rate swap 869 16 1 (45 ) Hedging derivatives Call money swap 277 — 4 (4 ) Hedging derivatives Currency swap 7,552 449 423 (67 ) Hedging derivatives Inflation risk — — — 5 Call money swap — — — 5 Hedging derivatives Credit risk 258 — 6 (5 ) CDS 258 — 6 (5 ) Hedging derivatives Cash flow hedges 135,439 3,398 1,618 (1,540 ) Interest rate risk 55,810 277 261 (267 ) Futures 21,655 33 147 (93 ) Hedging derivatives Future interest rate 771 — — (64 ) Hedging derivatives Interest rate swap 21,492 99 97 (105 ) Hedging derivatives Call money swap 6,164 30 12 8 Hedging derivatives Currency swap 2,345 98 5 (17 ) Hedging derivatives Floor 3,383 17 — 4 Hedging derivatives Exchange rate risk 31,803 463 660 (405 ) FX forward 10,595 237 216 (145 ) Hedging derivatives Future interest rate 9,290 — — 113 Hedging derivatives Interest rate swap 888 12 11 (6 ) Hedging derivatives Currency swap 11,030 214 433 (365 ) Hedging derivatives Deposits borrowed — — — (2 ) Deposits Interest rate and exchange rate risk 38,938 2,625 640 (826 ) Interest rate swap 7,347 133 5 201 Hedging derivatives Currency swap 27,044 2,492 622 (1,020 ) Hedging derivatives Call money swap 4,547 — 13 (7 ) Hedging derivatives Inflation risk 8,830 33 53 (44 ) Fx forward 2,230 5 4 4 Hedging derivatives Currency swap 6,511 28 42 (44 ) Hedging derivatives Call money swap 89 — 7 (4 ) Hedging derivatives Equity risk 58 — 4 2 Option 58 — 4 2 Hedging derivatives Other risk — — — — Future FX and c/v term RF — — — — Hedging derivatives Hedges of net investments in foreign operations 24,477 248 781 — Exchange rate risk 24,477 248 781 — FX forward 24,477 248 781 — Hedging derivatives 362,464 7,216 6,048 (3,062 ) Million euros 2018 Carrying amount Notional Value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line ítems Fair value hedges 178,719 3,451 5,114 96 Interest rate risk 163,069 2,642 4,620 16 Equity swap 109 — 2 — Hedging derivatives Future interest rate 7,702 — — (126 ) Hedging derivatives Interest rate swap 129,045 2,339 4,172 281 Hedging derivatives Call money swap 19,579 170 250 (32 ) Hedging derivatives Currency swap 4,957 121 45 (17 ) Hedging derivatives Inflation swap — — — 9 Hedging derivatives Swaption 51 6 6 — Hedging derivatives Collar 15 1 — — Hedging derivatives Floor 1,611 5 145 (99 ) Hedging derivatives Exchange rate risk 3,191 17 (3 ) 43 Fx forward 3,191 17 (3 ) 43 Hedging derivatives Interest rate and exchange rate risk 12,237 792 493 42 Interest rate swap 3,022 143 20 (15 ) Hedging derivatives Call money swap 20 — — — Hedging derivatives Currency swap 9,195 649 473 57 Hedging derivatives Inflation risk 168 — 4 (5 ) Call money swap 64 — 3 (3 ) Hedging derivatives Currency swap 104 — 1 (2 ) Hedging derivatives Credit risk 54 — — — CDS 54 — — — Hedging derivatives Cash flow hedges 118,400 4,865 976 (28 ) Interest rate risk 39,165 307 250 182 Fx forward 985 — 22 (22 ) Hedging derivatives Future interest rate 127 — — 29 Hedging derivatives Interest rate swap 33,956 240 202 159 Hedging derivatives Currency swap 2,350 57 26 11 Hedging derivatives Floor 1,747 10 — 5 Hedging derivatives Exchange rate risk 38,457 971 568 (878 ) Future FX and c/v term FV 4,955 — — (697 ) Hedging derivatives FX forward 3,283 186 15 (36 ) Hedging derivatives Future interest rate 4,946 — — (12 ) Hedging derivatives Interest rate swap 1,055 10 5 8 Hedging derivatives Currency swap 23,904 775 548 (142 ) Hedging derivatives Floor 314 — — — Hedging derivatives Deposits borrowed — — — 1 Deposits Interest rate and exchange rate risk 34,383 3,542 124 665 Interest rate swap 12,572 20 97 (7 ) Hedging derivatives Currency swap 21,811 3,522 27 672 Hedging derivatives Inflation risk 6,318 45 30 11 FX forward 414 — 9 (1 ) Hedging derivatives Currency swap 5,904 45 21 12 Hedging derivatives Equity risk 77 — 4 (8 ) Option 77 — 4 (8 ) Hedging derivatives Other risk — — — — Future FX and c/v term RF — — — — Hedging derivatives Hedges of net investments in foreign operations 21,688 291 273 (1 ) Exchange rate risk 21,688 291 273 (1 ) FX forward 21,688 291 273 (1 ) Hedging derivatives 318,807 8,607 6,363 67 |
Schedule of maturity profile of hedging instruments | The following table sets out the maturity profile of the hedging instruments used in the Group's non-dynamic hedging strategies: Million euros 31 December 2019 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 5,816 14,591 43,236 90,707 48,198 202,548 Interest rate risk 5,468 9,055 37,627 86,119 45,317 183,586 Equity swap — 11 25 42 — 78 Future interest rate 16 — 606 6,066 5,637 12,325 Interest rate swap 734 3,532 24,382 62,474 26,317 117,439 Call money swap 4,674 5,318 12,085 14,653 8,061 44,791 Currency swap 44 194 529 2,819 5,142 8,728 Swaption — — — 50 — 50 Collar — — — 15 — 15 Floor — — — — 160 160 Exchange rate risk 333 4,090 5,172 411 — 10,006 Currency swap 4 — 90 190 — 284 Fx forward 329 4,090 5,082 221 — 9,722 Interest rate and exchange rate risk 15 1,432 437 3,933 2,881 8,698 Interest rate swap — — — 869 — 869 Call money swap — — — 21 256 277 Currency swap 15 1,432 437 3,043 2,625 7,552 Credit risk — 14 — 244 — 258 CDS — 14 — 244 — 258 Cash flow hedges 16,506 5,912 38,678 62,119 12,224 135,439 Interest rate risk 13,023 2,179 13,011 26,332 1,265 55,810 Futures 12,304 385 3,196 5,770 — 21,655 Future interest rate — — — 771 — 771 Interest rate swap 460 864 7,441 12,585 142 21,492 Call money swap — 398 1,253 3,925 588 6,164 Currency swap 259 354 231 966 535 2,345 Floor — 178 890 2,315 — 3,383 Exchange rate risk 2,300 2,572 14,324 11,753 854 31,803 FX forward 2,173 1,746 3,404 3,272 — 10,595 Future interest rate — — 9,290 — — 9,290 Interest rate swap — — — 888 — 888 Currency swap 127 826 1,630 7,593 854 11,030 Interest rate and exchange rate risk 1,086 308 9,221 20,782 7,541 38,938 Interest rate swap — — 1,917 2,880 2,550 7,347 Currency swap 1,086 308 5,553 15,106 4,991 27,044 Call money swap — — 1,751 2,796 — 4,547 Inflation risk 97 853 2,114 3,204 2,562 8,830 FX forward — 117 1,205 908 — 2,230 Currency swap 97 736 909 2,207 2,562 6,511 Call money swap — — 89 — 89 Equity risk — — 8 48 2 58 Option — — 8 48 2 58 Other risk — — — — — — Future FX and c/v term RF — — — — — — Hedges of net investments in foreign operations 2,735 4,191 14,192 3,359 — 24,477 Exchange rate risk 2,735 4,191 14,192 3,359 — 24,477 FX forward 2,735 4,191 14,192 3,359 — 24,477 25,057 24,694 96,106 156,185 60,422 362,464 Million euros 31 December 2018 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges: 9,377 17,989 23,773 78,541 49,039 178,719 Interest rate risk 8,436 12,519 21,987 73,817 46,310 163,069 Equity swap — 27 46 36 — 109 Future interest rate 668 2,012 981 2,650 1,391 7,702 Interest rate swap 7,672 10,213 18,423 60,330 32,407 129,045 Call money swap 96 267 1,823 6,967 10,426 19,579 Currency swap — — 714 2,368 1,875 4,957 Swaption — — — 51 — 51 Collar — — — — 15 15 Floor — — — 1,415 196 1,611 Exchange rate risk 17 1,855 1,147 172 — 3,191 Fx forward 17 1,855 1,147 172 — 3,191 Interest rate and exchange rate risk 924 3,615 639 4,503 2,556 12,237 Interest rate swap 445 1,462 35 710 370 3,022 Call money swap — — — — 20 20 Currency swap 479 2,153 604 3,793 2,166 9,195 Inflation risk — — — — 168 168 Call money swap — — — — 64 64 Currency swap — — — — 104 104 Credit risk — — — 49 5 54 CDS — — — 49 5 54 Cash flow hedges 18,684 6,994 16,954 62,947 12,821 118,400 Interest rate risk 2,079 2,984 7,530 26,020 552 39,165 Fx forward 49 377 559 — — 985 Future interest rate 2 — — 125 — 127 Interest rate swap 2,028 2,161 5,957 23,593 217 33,956 Currency swap — 446 839 730 335 2,350 Floor — — 175 1.572 — 1,747 Exchange rate risk 16,166 3,478 5,896 11,984 933 38,457 Future FX and c/v term FV 4,955 — — — — 4,955 FX forward 1,423 — 47 1,813 — 3,283 Future interest rate 4,946 — — — — 4,946 Interest rate swap — — — 1,055 — 1,055 Currency swap 4,842 3,478 5,535 9,116 933 23,904 Floor — — 314 — — 314 Interest rate and exchange rate risk — 8 2,921 21,930 9,524 34,383 Interest rate swap — 8 898 8,456 3,210 12,572 Currency swap — — 2,023 13,474 6,314 21,811 Inflation risk 439 524 566 2,977 1,812 6,318 FX forward — 121 156 137 — 414 Currency swap 439 403 410 2,840 1,812 5,904 Equity risk — — 41 36 — 77 Option — — 41 36 — 77 Other risk — — — — — — Future FX and c/v term RF — — — — — — Hedges of net investments in foreign operations 555 777 11,067 9,289 — 21,688 Exchange rate risk 555 777 11,067 9,289 — 21,688 FX forward 555 777 11,067 9,289 — 21,688 28,616 25,760 51,794 150,777 61,860 318,807 |
Schedule of details of hedged exposure/hedged items | The following table contains details of the hedged exposures covered by the Group's hedging strategies of 31 December 2019 and 31 December 2018 : Million euros 31 December 2019 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Fair value hedges 134,958 60,487 2,768 2,298 1,583 — — Interest rate risk 122,560 55,538 2,764 2,099 1,370 — — Deposits 66,087 8,814 1,584 (5 ) Loans and advances/ Deposits 578 — — Bond 33,202 24,145 1,150 1,302 Debt instruments/ Debt instruments issued 825 — — Repo 22,057 589 27 18 Loans and advances/ Deposits — — — Liquidity facilities 1,214 4,531 3 (219 ) Loans and advances/ Deposits 177 — — Issuances assurance — 3,171 — 12 Debt instruments/ Debt instruments issued (4 ) — — Securitisation — 14,288 — 991 Debt instruments/ Debt instruments issued (206 ) — — Exchange rate risk 8,613 — 19 — 58 — — Liquidity facilities 57 — 3 — Loans and advances/ Deposits 3 — — Deposits 2,912 — 1 — Loans and advances/ Deposits 37 — — Bonds 5,644 — 15 — Debt instruments 18 — — Interest and Exchange rate risk 3,532 4,949 (21 ) 199 154 — — Borrowed deposits 460 — — — Loans and advances/ Deposits — — — Bonds 2,262 3,366 (16 ) 51 Loans and advances/ Deposits 4 — — Securitisation — 1,483 — 150 Debt instruments 152 — — Repos 810 100 (5 ) (2 ) Loans and advances/ Deposits (2 ) — — Inflation risk — — — — (4 ) — — Deposits — — — — Loans and advances/ Deposits (1 ) — — Bonds — — — — Debt instruments (3 ) — — Credit risk 253 — 6 — 5 — — Bonds 253 — 6 — Debt instruments 5 — — Million euros 31 December 2019 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Cash flow hedges (204 ) 522 (79 ) Interest rate risk (128 ) 4 (74 ) Firm commitment Other assets/liabilities 18 (11 ) — Deposits Deposits and loans and advances 1 (5 ) 14 Government bonds Debt instruments (24 ) (22 ) (63 ) Liquidity facilities Loans and advances (121 ) 27 (25 ) Secondary market loans Loans and advances (2 ) 3 — Highly likely scheduled transactions Other assets/liabilities — 12 — Exchange rate risk (32 ) 130 (4 ) Deposits Deposits and loans and advances (3 ) 140 — Bonds Deposits and loans and advances (237 ) 4 (4 ) Issuances assurance — (3 ) — Secondary market loans Loans and advances 194 (9 ) — Senior titulisation Debt instruments 15 (4 ) — Highly likely scheduled transactions Other assets/liabilities (1 ) 2 — Interest and Exchange rate risk (169 ) 510 — Deposits Deposits and loans and advances 54 (6 ) — Bonds Debt instruments 29 (25 ) — Securitisation Debt instruments (252 ) 541 — Inflation risk 20 (22 ) 0 Deposits Deposits and loans and advances 23 (24 ) — Bonds Debt instruments (3 ) 2 — Liquidity facilities Loans and advances — — — Equity risk 7 (2 ) (1 ) Highly likely scheduled transactions Other assets/liabilities 7 (2 ) (1 ) Other risks 98 (98 ) — Bonds Other assets/liabilities 98 (98 ) — Net foreign investments hedges 1,070 — — — — — — Exchange rate risk 1,070 — — — — — — Equity instruments 1,070 — — — Equity instruments — — — 136,028 60,487 2,768 2,298 1,379 522 (79 ) Million euros 31 December 2018 Accumulated amount of fair value adjustments on the hedged item Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Fair value hedges 110,669 46,830 1,915 1,765 (20 ) — — Interest rate risk 104,393 39,251 1,886 1,478 (74 ) — — Deposits 59,319 1,370 1,021 (1 ) Deposits and loans and advances (265 ) — — Bond 27,235 21,759 792 791 Debt instruments (35 ) — — Repo 13,874 561 25 16 Other assets 18 — — Loans of securities — — — — Loans and advances — — — Liquidity facilities 3,965 232 48 2 Loans and advances 35 — — Issuances assurance — 2,013 — 12 Other assets/liabilities 3 — — Securitisation — 13,316 — 658 Debt instruments 170 — — Equity instruments — — — — Equity instruments — — — Exchange rate risk 3,378 — 5 — (3 ) — — Deposits 1,614 — 9 — Debt instruments 8 — — Bonds 1,764 — (4 ) — Debt instruments (11 ) — — Interest and Exchange rate risk 2,776 7,474 21 287 53 — — Borrowed deposits 751 — 19 — Deposits and loans and advances 16 — — Bonds 1,591 3,571 2 26 Debt instruments (31 ) — — Securitisation — 3,358 — 262 Debt instruments 67 — — Repos 434 99 — (1 ) Other assets/liabilities 1 — — CLO — 446 — — Other assets/liabilities — — — Inflation risk 68 105 3 0 4 — — Deposits — 105 — — Deposits and loans and advances 1 — — Bonds 68 — 3 — Debt instruments 3 — — Credit risk 54 — — — — — — Bonds 54 — — — Debt instruments — — — Cash flow hedges (432 ) 447 (10 ) Interest rate risk (52 ) 111 (12 ) Firm commitment Other assets/liabilities (24 ) (75 ) — Deposits Deposits and loans and advances (26 ) 47 — Government bonds Debt instruments (13 ) 72 — Liquidity facilities Loans and advances 8 65 (12 ) Secondary market loans Other assets/liabilities 4 2 — Senior securitization Debt instruments (1 ) — — Exchange rate risk (416 ) (23 ) 2 Deposits Other assets/liabilities 83 (8 ) — Bonds Deposits and loans and advances (309 ) (16 ) 2 Secondary market loans Loans and advances (179 ) (21 ) — Senior titulisation Debt instruments (11 ) 21 — CLO Other assets/liabilities — 1 — Million euros 31 December 2018 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow hedge/currency translation reserve Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Interest and Exchange rate risk 4 341 — Deposits Deposits and loans and advances 7 2 — Bonds Debt instruments (13 ) (9 ) — Securitisation Debt instruments 10 348 — Inflation risk 15 22 — Deposits Deposits and loans and advances 25 25 — Bonds Debt instruments (3 ) (3 ) — Liquidity facilities Loans and advances (7 ) — — Equity risk 17 (4 ) — Highly likely scheduled transactions Other assets/liabilities 17 (4 ) — Other risks — — — Bonds Other assets/liabilities — — — Net foreign investments hedges 792 — 10 — — — — Exchange rate risk 792 — 10 — — — — Firm commitment 13 — — — Other assets/liabilities — — — Equity instruments 779 — 10 — Equity instruments — — — 111,461 46,830 1,925 1,765 (452 ) 447 (10 ) |
Schedule of effectiveness of hedging, impacts on profit or loss and other comprehensive income | The net impact of the coverages are shown in the following table: Million euros 31 December 2019 Earnings/(loses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 58 Interest rate risk 5 Deposits 7 Gains or losses of financial assets/liabilities Bonds 5 Gains or losses of financial assets/liabilities Securitisations (7 ) Gains or losses of financial assets/liabilities Equity instruments — Gains or losses of financial assets/liabilities Risk of Exchange rate (3 ) Deposits (1 ) Gains or losses of financial assets/liabilities Bonds (2 ) Gains or losses of financial assets/liabilities Risk of interest rate and exchange rate 56 Deposits 1 Gains or losses of financial assets/liabilities Securitisations 55 Gains or losses of financial assets/liabilities Inflation Risks — Deposits (1 ) Gains or losses of financial assets/liabilities Bonds 1 Gains or losses of financial assets/liabilities Cash flow hedges 8 (86 ) (1,112 ) Risk of interest rate (263 ) 1 8 Firm Commitment 65 — Gains or losses of financial assets/liabilities (37 ) Interest margin Deposits (37 ) — Gains or losses of financial assets/liabilities 7 Interest margin Bonds (254 ) — Gains or losses of financial assets/liabilities (26 ) Interest margin Liquidity lines (48 ) 1 Gains or losses of financial assets/liabilities 61 Interest margin Loans secondary markets (1 ) — Gains or losses of financial assets/liabilities 3 Interest margin Highly likely scheduled transactions 12 — Gains or losses of financial assets/liabilities — Interest margin Risk of Exchange rate 145 (34 ) (364 ) Deposits 148 (31 ) Gains or losses of financial assets/liabilities (39 ) Interest margin / Gains or losses of financial assets/liabilities Bonds 11 — Gains or losses of financial assets/liabilities 154 Interest margin / Gains or losses of financial assets/liabilities Repo — — Gains or losses of financial assets/liabilities (4 ) Interest margin / Gains or losses of financial assets/liabilities Million euros 31 December 2019 Earnings/(loses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Loans secondary markets 12 2 Gains or losses of financial assets/liabilities 8 Interest margin / Gains or losses of financial assets/liabilities Securitisations (27 ) (4 ) Gains or losses of financial assets/liabilities (166 ) Interest margin / Gains or losses of financial assets/liabilities CLO (1 ) — Gains or losses of financial assets/liabilities (13 ) Interest margin / Gains or losses of financial assets/liabilities Highly likely scheduled transactions 2 (1 ) Gains or losses of financial assets/liabilities (304 ) Interest margin / Gains or losses of financial assets/liabilities Risk of interest rate and exchange rate 168 (53 ) (769 ) Deposits (8 ) — Gains or losses of financial assets/liabilities (10 ) Interest margin Bonds (16 ) (4 ) Gains or losses of financial assets/liabilities 57 Interest margin Securitisations 192 (49 ) Gains or losses of financial assets/liabilities (816 ) Interest margin / Gains or losses of financial assets/liabilities Risk of inflation (44 ) — 13 Deposits (49 ) — Gains or losses of financial assets/liabilities 9 Interest margin Asset bonds 5 — Gains or losses of financial assets/liabilities 4 Interest margin Risk of equity 2 — — Highly probable planned transactions 2 — Gains or losses of financial assets/liabilities — Other risks — — — Bonds — — Gains or losses of financial assets/liabilities — Coverage of net investment abroad — — — Risk of Exchange rate — — — Equity instruments — — Gains or losses of financial assets/liabilities — 8 (28 ) (1,112 ) Million euros 31 December 2018 Earnings/(loses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 75 Interest rate risk (18 ) Deposits (24 ) Gains or losses of financial assets/liabilities Bonds (61 ) Gains or losses of financial assets/liabilities Repo 1 Gains or losses of financial assets/liabilities Loans of fixed-income securities 46 Gains or losses of financial assets/liabilities Liquidity lines 12 Gains or losses of financial assets/liabilities Securitisations 8 Gains or losses of financial assets/liabilities Risk of interest rate and exchange rate 95 Deposits 39 Gains or losses of financial assets/liabilities Bonds 8 Gains or losses of financial assets/liabilities Securitisations 49 Gains or losses of financial assets/liabilities CLO (1 ) Gains or losses of financial assets/liabilities Other Risks (2 ) Securitisations (2 ) Gains or losses of financial assets/liabilities Cash flow hedges 200 8 317 Risk of interest rate 193 (4 ) 57 Firm Commitment (2 ) — Gains or losses of financial assets/liabilities (24 ) Interest margin Deposits 50 (21 ) Gains or losses of financial assets/liabilities 16 Interest margin Bonds 104 2 Gains or losses of financial assets/liabilities 15 Interest margin/ Gains or losses of financial assets/liabilities Loans secondary markets 85 16 Gains or losses of financial assets/liabilities 47 Interest margin/ Gains or losses of financial assets/liabilities Liquidity lines 2 — Gains or losses of financial assets/liabilities 3 Interest margin Repo (46 ) — Gains or losses of financial assets/liabilities — Interest margin Securitisations — (1 ) Gains or losses of financial assets/liabilities — Million euros 31 December 2018 Earnings/(loses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Risk of Exchange rate (20 ) (688 ) (631 ) Deposits (25 ) (698 ) Gains or losses of financial assets/liabilities (563 ) Interest margin/ Gains or losses of financial assets/liabilities Asset bonds (25 ) 43 Gains or losses of financial assets/liabilities (168 ) Interest margin/ Gains or losses of financial assets/liabilities Repo — — Gains or losses of financial assets/liabilities — Gains or losses of financial assets/liabilities Loans secondary markets 5 4 Gains or losses of financial assets/liabilities (75 ) Interest margin/ Gains or losses of financial assets/liabilities Securitisations 24 (37 ) Gains or losses of financial assets/liabilities 150 Interest margin / Gains or losses of financial assets/liabilities CLO 1 — Gains or losses of financial assets/liabilities 25 Interest margin / Gains or losses of financial assets/liabilities Risk of interest rate and exchange rate 45 700 887 Deposits 1 743 Gains or losses of financial assets/liabilities 35 Interest margin Bonds (4 ) 447 Gains or losses of financial assets/liabilities 581 Interest margin/ Gains or losses of financial assets/liabilities Securitisations 48 (490 ) Gains or losses of financial assets/liabilities 271 Interest margin/ Gains or losses of financial assets/liabilities Risk of inflation 11 — 4 Deposits 14 — Gains or losses of financial assets/liabilities 3 Interest margin Asset bonds (3 ) — Gains or losses of financial assets/liabilities 1 Interest margin Risk of equity (8 ) — — Highly probable planned transactions (8 ) — Gains or losses of financial assets/liabilities — Other risks (21 ) — — Bonds (21 ) — Gains or losses of financial assets/liabilities — Coverage of net investment abroad — — — Risk of Exchange rate — — — Equity instruments — — Gains or losses of financial assets/liabilities — 200 83 317 |
Schedule of movement in hedging components in other comprehensive income | The following table shows the movement in the impact of equity for cash flow hedges for the year : Million euros 2019 2018 Balance at beginning of year 277 152 Cash flow hedges Risks of interest rate (263 ) 172 Amounts transferred to income statements (8 ) (57 ) Gain or loss in value CFE - recognized in equity (255 ) 229 Risks of exchange rate 145 (20 ) Amounts transferred to income statements 364 631 Gain or loss in value CFE - recognized in equity (219 ) (651 ) Risks of interest rate and exchange rate 168 45 Amounts transferred to income statements 769 (887 ) Gain or loss in value CFE - recognized in equity (601 ) 932 Risk of inflation (44 ) 11 Amounts transferred to income statements (13 ) (4 ) Gain or loss in value CFE - recognized in equity (31 ) 15 Risk of equity 2 (8 ) Amounts transferred to income statements — — Gain or loss in value CFE - recognized in equity 2 (8 ) Other risks — — Amounts transferred to income statements — — Gain or loss in value CFE - recognized in equity — — Minorities 32 (25 ) Taxes (17 ) (50 ) Balance at end of year 300 277 |
Grupo Santander UK | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Additionally, the profile information of maturities and the price/average rate for the most representative geographies is shown: Santander UK Group 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 5,118 6,822 32,210 51,307 15,397 110,854 Average fixed interest rate (%) GBP 0.770 0.900 0.880 1.330 3.000 Average fixed interest rate (%) EUR (0.410 ) 0.290 2.210 1.360 2.360 Average fixed interest rate (%) USD — 1.540 1.990 2.690 4.560 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — 887 — 394 738 2,019 Average GBP/EUR exchange rate — — — 1.178 1.160 Average GBP/USD exchange rate — 1.511 — — — Average fixed interest rate (%) EUR — — — 3.520 2.120 Average fixed interest rate (%) USD — 2.380 — — — Cash flow hedges Interest rate risk Interest rate instruments Nominal — 398 1,253 5,490 588 7,729 Average fixed interest rate (%) GBP — 0.760 0.820 1.460 0.400 Foreign exchange risk Exchange rate instruments Nominal 1,395 2,491 4,417 7,019 — 15,322 Average GBP/JPY exchange rate — 145.928 143.086 140.815 — Average GBP/EUR exchange rate — 1.144 1.117 1.153 — Average GBP/USD exchange rate 1.286 1.252 1.293 1.299 — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 954 — 7,626 15,089 7,291 30,960 Average GBP/EUR exchange rate 1.274 — 1.169 1.311 1.209 Average GBP/USD exchange rate — — 1.536 1.581 1.450 Average fixed interest rate (%) GBP 2.490 — 2.160 2.870 2.960 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 6,888 9,403 16,333 44,166 17,498 94,288 Average fixed interest rate (%) GBP 0.633 0.788 1.057 1.586 2.849 Average fixed interest rate (%) USD (0.223 ) 0.670 0.911 1.085 1.261 Average fixed interest rate (%) EUR 1.513 1.314 1.337 2.684 2.179 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 877 2,894 — 1,331 585 5,687 Average GBP/EUR exchange rate — — — 1.183 1.168 Average GBP/USD exchange rate 1.580 1.332 — 1.511 — Average fixed interest rate (%) EUR — — — 3.888 3.923 Average fixed interest rate (%) USD 3.615 2.500 — 2.375 7.950 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 1,917 2,225 3,466 — 7,608 Average fixed interest rate (%) GBP — 0.726 0.733 1.334 — Foreign exchange risk Exchange rate instruments Nominal 4,378 2,853 3,310 7,132 — 17,673 Average GBP/JPY exchange rate — 147.215 146.372 145.319 — Average GBP/EUR exchange rate — — 1.280 1.135 — Average GBP/USD exchange rate 1.304 1.307 1.310 1.305 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 2,859 21,288 9,495 33,642 Average GBP/EUR exchange rate — — 1.252 1.271 1.217 Average GBP/USD exchange rate — — 1.633 1.545 1.511 Average fixed interest rate (%) GBP — — 2.340 2.660 2.900 |
Banco Santander | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Banco Santander, S.A. 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 8 106 1,406 16,707 10,219 28,446 Average fixed interest rate (%) GBP — — — 1.43 6.82 Average fixed interest rate (%) EUR 5.30 2.41 3.20 0.79 2.58 Average fixed interest rate (%) CHF — — — 0.80 0.40 Average fixed interest rate (%) JPY — — — 0.46 — Average fixed interest rate (%) USD — — 2.05 3.12 3.93 Foreign exchange risk Exchange rate instruments Nominal 211 3,903 4,777 — — 8,891 Average fixed interest rate (%) GBP/EUR — 0.86 0.87 — — Average fixed interest rate (%) USD/EUR — 1.12 1.12 — — Average fixed interest rate (%) USDCLP 747.72 747.90 746.70 — — Average CNY/EUR exchange rate — 7.91 8.01 — — Average SAR/EUR exchange rate 4.16 4.18 — — — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 14 289 346 2,599 949 4,197 Average fixed interest rate (%) AUD/EUR — — — 4 4.66 Average fixed interest rate (%) CZK/EUR — — — 0.86 — Average fixed interest rate (%) EUR/COP — — 6.16 — — Average fixed interest rate (%) RON/EUR — — — 4.85 — Average fixed interest rate (%) HKD/EUR — — 2.52 2.58 — Average fixed interest rate (%) JPY/EUR — — 0.54 0.66 1.28 Average fixed interest rate (%) NOK/EUR — — — — 3.61 Average fixed interest rate (%) CHF/EUR — — — — 1.24 Average fixed interest rate (%) USD/COP 7.54 — 5.67 7.62 7.22 Average AUD/EUR exchange rate — — — 1.4989 1.5080 Average CZK/EUR exchange rate — — — 25.407 26.030 Average EUR/GBP exchange rate — 1.1711 — — — Average EUR/COP exchange rate — — 0.0003 — — Average HKD/EUR exchange rate — — 8.7185 8.782 — Average JPY/EUR exchange rate — — 130.4700 132.4608 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.7271 — Average CHF/EUR exchange rate — — — 1.0924 1.1053 Average USD/COP exchange rate 0.0003 — 0.0003 0.0003 0.0003 Average USD/MXN exchange rate — — — 0.0520 — Credit Risk Credit risk instruments Nominal — 13 — 244 — 257 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 353 4,410 207 4,970 Interest rate risk Bond Forward instruments Nominal 11,626 — 1,792 5,443 — 18,861 Hedges of net investments in foreign operations Exchange rate risk Exchange rate instruments Nominal 2,592 3,838 13,595 3,359 — 23,384 Average BRL/EUR exchange rate 4.59 4.74 4.74 4.88 — Average CLP/EUR exchange rate 822.13 822.32 811.64 824.36 — Average COP/EUR exchange rate — — 3,828.61 — — Average GBP/EUR exchange rate 0.89 0.91 0.94 — — Average MAD/EUR exchange rate — 10.77 10.87 — — Average MXN/EUR exchange rate 23.49 23.10 23.27 — — Average PLN/EUR exchange rate 4.37 4.38 4.39 — — 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 500 665 425 12,987 22,025 36,602 Average fixed interest rate (%) GBP — — — — 7.08 Average fixed interest rate (%) EUR 3.75 0.63 2.06 1.81 3.20 Average fixed interest rate (%) CHF — — — 0.76 1.04 Average fixed interest rate (%) USD — — 1.38 3.43 4.11 Foreign exchange risk Exchange rate instruments Nominal — 1,825 771 — — 2,596 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 41 461 120 2,083 951 3,656 Average fixed interest rate (%) AUD/EUR — — — 4.00 — Average fixed interest rate (%) CZK/EUR — — — 0.86 — Average fixed interest rate (%) EUR/COP — — 7.54 — — Average fixed interest rate (%) HKD/EUR — — — 2.52 — Average fixed interest rate (%) JPY/EUR — — — 0.64 1.28 Average fixed interest rate (%) NOK/EUR — — — — 3.61 Average fixed interest rate (%) USD/COP 6.13 6.71 — 9.47 — Average AUD/EUR exchange rate — — — 1.499 1.499 Average CZK/EUR exchange rate — — — 25.407 26.030 Average EUR/GBP exchange rate — 1.145 — — — Average EUR/COP exchange rate — — 0.0003 — — Average EUR/MXN exchange rate — — — — — Average HKD/EUR exchange rate — — — 8.718 — Average JPY/EUR exchange rate — — — 132.014 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average USD/COP exchange rate — — 0.269 — — Average USD/MXN exchange rate — 0.0003 0.0003 — 0.0003 Credit Risk Credit risk instruments Nominal — — — 49 5 54 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,942 — — 6,130 20 8,092 Average fixed interest rate (%) EUR — — — — 0.55 Hedges of net investments in foreign operations Exchange rate risk Exchange rate instruments Nominal 373 497 10,587 9,289 — 20,746 Average BRL/EUR exchange rate 4.46 — 4.46 4.73 — Average CLP/EUR exchange rate — 766.01 768.25 795.1 — Average CNY/EUR exchange rate — — 8.14 — — Average COP/EUR exchange rate — 3,728.01 3,685.8 — — Average GBP/EUR exchange rate — 0.91 0.89 — — Average MXN/EUR exchange rate 22.98 — 24.51 24.5 — Average PLN/EUR exchange rate — — 4.38 4.26 — |
Santander Consumer Group | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Consumer Group 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 159 1,394 2,154 5,669 18 9,394 Average fixed interest rate (%) EUR (0.164 ) (0.027 ) (0.119 ) (0.110 ) (0.123 ) Average fixed interest rate (%) CHF (0.700 ) (0.700 ) (0.630 ) (0.560 ) — Foreign exchange risk Exchange rate instruments Nominal 118 187 304 — — 609 Average DKK/EUR exchange rate 7.458 7.465 7.458 — — Average PLN/EUR exchange rate 4.382 4.302 4.347 — — Average CHF/EUR exchange rate 1.093 1.096 — — — Average SEK/EUR exchange rate — 10.687 — — — Interest rate and foreign exchange rate risk Interest rate and exchange rate instruments Nominal — 249 — 499 — 748 Average fixed interest rate (%) DKK — 7.462 — 7.443 — Average DKK/EUR exchange rate — 0.004 — 0.006 — Cash flow hedges Interest rate risk Interest rate instruments Nominal 54 152 379 562 — 1,147 Average fixed interest rate (%) EUR 0.212 0.212 0.212 0.212 — Foreign exchange risk Nominal exchange rate instruments Nominal 14 25 254 953 72 1,318 Average SEK/EUR exchange rate — — 10.461 10.529 10.456 Average CHF/EUR exchange rate — — 1.094 1.121 — Average CAD/EUR exchange rate 1,539 1.500 1.528 1.491 — Average DKK/EUR exchange rate — — 7.474 — — Average JPY/EUR exchange rate — — 131.960 123.116 — Interest rate and foreign exchange rate risk Interest rate and exchange rate instruments Nominal 130 175 1,025 452 — 1,782 Average SEK/EUR exchange rate 10.415 10.362 10.488 10.318 — Average NOK/EUR exchange rate — 9.241 9.082 9.281 — Average CHF/EUR exchange rate — 1.085 1.090 1.089 — Average CAD/EUR exchange rate — — — — — Average DKK/EUR exchange rate 7.468 7.466 7.460 7.457 — Average JPY/EUR exchange rate — — — 4.287 — Average fixed interest rate (%) EUR — — — 0.410 — Average fixed interest rate (%) CHF — — — 0.330 — Hedges of net investments in foreign operations Foreign exchange risk Exchange rate instruments Nominal 143 352 597 — — 1,092 Average NOK/EUR exchange rate 9.920 9.878 10.186 — — Average CNY/EUR exchange rate — 7.9675 — — — 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 253 672 3,488 6,883 63 11,359 Average fixed interest rate (%) EUR (0.197 ) (0.125 ) (0.036 ) (0.065 ) (0.113 ) Average fixed interest rate (%) CHF (0.659 ) (0.696 ) (0.679 ) (0.561 ) — Foreign exchange risk Exchange rate instruments Nominal 17 30 376 — — 423 Average DKK/EUR exchange rate 7.455 — 7.456 — — Average NOK/EUR exchange rate — — 9.687 — — Average CHF/EUR exchange rate — 1.138 1.127 — — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — 240 339 448 — 1,027 Average SEK/EUR exchange rate — — 0.104 — — Average DKK/EUR exchange rate — 0.134 0.134 0.134 — Average fixed interest rate (%) SEK — — 0.008 — — Average fixed interest rate (%) DKK — 0.002 0.003 0.004 — Cash flow hedges Interest rate risk Interest rate instruments Nominal 85 99 313 423 — 920 Average fixed interest rate (%) EUR 0.183 0.183 0.183 0.183 — Foreign exchange risk Exchange rate instruments Nominal 339 557 2,368 1,061 — 4,325 Average SEK/EUR exchange rate 0.101 0.098 0.099 0.099 — Average NOK/EUR exchange rate 0.108 0.108 0.108 0.108 — Average CHF/EUR exchange rate 0.896 0.859 0.870 0.900 — Average CAD/EUR exchange rate 0.654 0.658 0.652 0.656 — Average DKK/EUR exchange rate 0.134 0.134 0.134 — — Average PLN/EUR exchange rate — — 0.234 0.233 — Average USD/EUR exchange rate — — 0.897 — — Average JPY/EUR exchange rate — — 0.008 0.008 — Hedges of net investments in foreign operations Foreign exchange risk Exchange rate instruments Nominal 181 282 480 — — 943 Average NOK/EUR exchange rate 103.751 103.538 102.963 — — Average CNY/EUR exchange rate — — 121.796 — — |
Banco Santander S.A. (Mexico) | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Banco Santander Mexico 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 6 140 174 121 2,262 2,703 Average fixed interest rate (%) MXN 5.005 8.475 8.420 7.126 6.584 Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 1 5 66 423 1,195 1,690 Average EUR/MXN exchange rate 21.230 — — 20.992 21.755 Average GBP/MXN exchange rate — — — 25.196 — Average USD/MXN exchange rate — 13.300 — 13.300 19.278 Average MXV/MXN exchange rate — — 4.680 — 4.680 Average fixed interest rate (%) USD — 3.930 — 2.460 7.077 Average fixed interest rate (%) EUR 0.500 — — 2.076 3.012 Average fixed interest rate (%) GBP — — — 6.750 — Average fixed interest rate (%) MXN — — 2.500 — 4.500 Cash flow hedges Interest rate risk Interest rate instruments Nominal — — — 533 — 533 Average fixed interest rate (%) MXN — — — 7.182 — Foreign exchange risk Exchange rate instruments Nominal 890 — 103 2,793 — 3,786 Average BRL/MXN exchange rate 3.55 — 4.32 5.21 — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal 2 133 163 208 43 549 Average EUR/MXN exchange rate 16.710 19.318 — 19.169 21.493 Average GBP/MXN exchange rate — — 23.130 25.196 — Average USD/MXN exchange rate — — 16.220 12.725 18.227 Average MXV/MXN exchange rate — — — — — Average fixed interest rate (%) USD — 7.930 2.628 3.441 4.125 Average fixed interest rate (%) EUR 1.510 — — 2.600 0.151 Average fixed interest rate (%) GBP — — 1.083 6.750 — 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal — 1 346 80 — 427 Average fixed interest rate (%) MXN — 5.180 6.907 5.593 — Average fixed interest rate (%) USD — — 1.465 1.465 — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — — 41 282 1,009 1,332 Average EUR/MXN exchange rate — — — 20.470 21.890 Average GBP/MXN exchange rate — — — 24.870 25.310 Average USD/MXN exchange rate — — 13.920 13.920 18.390 Average MXV/MXN exchange rate — — 5.059 5.059 5.059 Average fixed interest rate (%) USD — — 8.000 3.980 4.125 Average fixed interest rate (%) EUR — — — 2.420 2.750 Average fixed interest rate (%) GBP — — — — 6.750 Cash flow hedges Interest rate risk Interest rate instruments Nominal — — — 178 — 178 Average fixed interest rate (%) MXN — — — 7.258 — Foreign exchange risk Exchange rate instruments Nominal 1,415 44 56 2,719 103 4,337 Average EUR/MXN exchange rate — — 16.679 18.932 18.688 Average GBP/MXN exchange rate — — — 23.127 25.947 Average USD/MXN exchange rate 18.729 20.289 17.918 16.443 18.508 Average BRL/MXN exchange rate 5.863 — 5.732 5.736 — |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Banco Santander Brazil 31 December 2019 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 16 — 606 6,065 5,638 12,325 Average fixed interest rate (%) BRL 7.9200 — 9.2500 6.8800 0.04 Foreign exchange risk Exchange rate instruments Nominal — 1 90 193 — 284 Average USD/BRL exchange rate — 3.7300 3.7500 3.8300 — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — — 7 — — 7 Average EUR/MXN exchange rate — — — — — Average fixed interest rate (%) BRL — — 4.57 — — Cash flow hedges Interest rate risk Interest rate instruments Nominal — — — 772 — 772 Average fixed interest rate (%) BRL — — — 4.5000 — Foreign exchange risk and others Exchange rate instruments Nominal — — 9,290 — — 9,290 Average USD/BRL exchange rate — — 4.57 — — Interest rate and foreign exchange rate risk Exchange rate instruments Nominal — — — 389 — 389 Average EUR/MXN exchange rate — — — 4.57 — Average fixed interest rate (%) BRL — — — — — 31 December 2018 Million euros Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges Interest rate risk Interest rate instruments Nominal 668 2,045 — 3,529 1,378 7,620 Average fixed interest rate (%) BRL 9.500 6.967 6.937 10.055 10.030 Foreign exchange rate risk and other Exchange rate instruments Nominal 6 15 36 316 38 411 Average USD/BRL exchange rate 3.247 3.303 3.551 3.642 3.265 Cash flow hedges Interest rate risk Interest rate instruments Nominal 3,877 2,997 3,030 119 — 10,023 Average fixed interest rate (%) BRL 6.500 6.500 6.500 6.500 — Foreign exchange risk and other Exchange rate instruments Nominal — 8 26 — 238 272 Average USD/BRL exchange rate — 3.716 3.648 — 3.135 |
Interest income (Tables)
Interest income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Interest income. | |
Detail of main interest and similar income items | The detail of the main interest and similar income items earned in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Loans and advances, central banks 1,314 1,320 1,881 Loans and advances, credit institutions 1,785 1,555 1,840 Debt instruments 6,378 6,429 7,141 Loans and advances, customers 46,180 43,489 43,640 Other interest 1,128 1,532 1,539 56,785 54,325 56,041 |
Interest expense (Tables)
Interest expense (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Interest expense. | |
Detail of main items of interest expense and similar charges | The detail of the main items of interest expense and similar charges accrued in 2019 , 2018 and 2017 is as follows: Million euros 2019 2018 2017 Central banks deposits 468 421 216 Credit institution deposits 2,576 2,588 2,037 Customer deposits 10,137 9,062 11,074 Debt securities issued and subordinated liabilities 6,679 6,073 6,651 Marketable debt securities 6,034 5,303 5,685 Subordinated liabilities (Note 23) 645 770 966 Provisions for pensions (Note 25) 145 186 198 Lease Liabilities 273 9 8 Other interest expense 1,224 1,645 1,561 21,502 19,984 21,745 |
Dividend income (Tables)
Dividend income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Dividend income Abstract | |
Detail of Income from dividends | The detail of Income from dividends as follows: Million euros 2019 2018* 2017 Dividend income classified as: Financial assets held for trading 388 241 234 Non-trading financial assets mandatorily at fair value through profit or loss 34 23 Financial assets available-for-sale 150 Financial assets at fair value through other comprehensive income 111 106 533 370 384 * See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Income from companies account_2
Income from companies accounted for using the equity method (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Share of profit (loss) of associates and joint ventures accounted for using equity method [abstract] | |
Schedule of income from companies accounted for using the equity method | The detail of Income from companies accounted for using the equity method is as follows: Million euros 2019 2018 2017 Zurich Santander Insurance 197 194 241 WiZink Bank, S.A. — 56 36 Allianz Popular, S.L. 30 45 15 Companhia de Crédito, Financiamento e Investimento RCI Brasil 25 21 19 SAM Investment Holdings Limited — — 87 Project Quasar Investments 2017, S.L. (350 ) — — Other entities 422 421 306 324 737 704 |
Commission income (Tables)
Commission income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Fee and commission income [abstract] | |
Detail of fee and commission income | The detail of fee and commission income is as follows: Million euros 2019 2018 2017 Coming from collection and payment services: Bills 328 334 368 Demand accounts 1,382 1,371 1,490 Cards 3,858 3,514 3,515 Orders 478 475 449 Cheques and other 155 138 154 6,201 5,832 5,976 Coming from non-banking financial products: Investment funds 943 1,024 751 Pension funds 180 124 92 Insurance 2,631 2,433 2,517 3,754 3,581 3,360 Coming from Securities services: Securities underwriting and placement 364 283 374 Securities trading 281 251 302 Administration and custody 485 458 359 Asset management 293 305 251 1,423 1,297 1,286 Other: Foreign exchange 612 546 471 Financial guarantees 521 549 559 Commitment fees 293 291 283 Other fees and commissions 2,545 2,568 2,644 3,971 3,954 3,957 15,349 14,664 14,579 |
Commission expense (Tables)
Commission expense (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Fee and commission expense [abstract] | |
Detail of fee and commission expense | The detail of commission expense is as follows: Million euros 2019 2018 2017 Commissions assigned to third parties 2,350 1,972 1,831 Cards 1,616 1,358 1,391 By collection and return of effects 12 11 12 Other fees assigned 722 603 428 Other commissions paid 1,220 1,207 1,151 Brokerage fees on lending and deposit transactions 27 42 49 Sales of insurance and pension funds 232 232 205 Other fees and commissions 961 933 897 3,570 3,179 2,982 |
Gains or losses on financial _2
Gains or losses on financial assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Gains or losses on financial assets and liabilities | |
Schedule of detail, by origin, of gains/losses on financial assets and liability | The detail, by origin, of Gains/losses on financial assets and liability: Million euros 2019 2018* 2017 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net (IFRS 9) 1,136 604 Financial assets at amortised cost 308 39 Other financial assets and liabilities 828 565 Of which: debt instruments 804 563 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net (IAS 39) 404 Of which financial assets available for sale 472 Of which: debt instruments 316 Of which: equity instruments 156 Gains or losses on financial assets and liabilities held for trading, net** 1,349 1,515 1,252 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 292 331 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net** (286 ) (57 ) (85 ) Gains or losses from hedge accounting, net (28 ) 83 (11 ) 2,463 2,476 1,560 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments. |
Schedule of exchange differences, net | As explained in Note 45, the above breakdown should be analysed in conjunction with the exchange differences, net: Million euros 2019 2018 2017 Exchange differences, net (932 ) (679 ) 105 |
Schedule of detail of asset balances measured at fair value through profit or loss | The detail of the amount of the asset balances is as follows: Million euros 2019 2018 2017 Loans and receivables: 59,624 56,323 40,875 Central banks 6,473 9,226 — Credit institutions 21,649 23,099 11,585 Customers 31,502 23,998 29,290 Debt instruments 36,402 36,609 39,836 Equity instruments 15,787 12,198 22,286 Derivatives 63,397 55,939 57,243 175,210 161,069 160,240 |
Schedule of detail of liability balances measured at fair value through profit or loss | The detail of the amount of the liability balances is as follows: Million euros 2019 2018 2017 Deposits 57,111 65,304 84,724 Central banks 12,854 14,816 9,142 Credit institutions 9,340 10,891 18,458 Customer 34,917 39,597 57,124 Marketable debt securities 3,758 2,305 3,056 Short positions 14,123 15,002 20,979 Derivatives 63,016 55,341 57,892 Other financial liabilities 126 449 589 138,134 138,401 167,240 |
Other operating income and ex_2
Other operating income and expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other operating income and expenses | |
Schedule of other operating income and other operating expenses | Other operating income and Other operating expenses in the consolidated income statements include: Million euros 2019 2018 2017 Insurance activity 120 51 57 Income from insurance and reinsurance contracts issued 2,534 3,175 2,546 Of which: Insurance and reinsurance premium income 2,404 3,011 2,350 Reinsurance income (Note 15) 130 164 196 Expenses of insurance and reinsurance contracts (2,414 ) (3,124 ) (2,489 ) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (2,183 ) (2,883 ) (2,249 ) Reinsurance premiums paid (231 ) (241 ) (240 ) Other operating income 1,797 1,643 1,618 Non- financial services 379 367 472 Other operating income 1,418 1,276 1,146 Other operating expense (2,138 ) (2,000 ) (1,966 ) Non-financial services (351 ) (270 ) (302 ) Other operating expense: (1,787 ) (1,730 ) (1,664 ) Of which, credit institutions deposit guarantee fund and single resolution fund (911 ) (895 ) (848 ) (221 ) (306 ) (291 ) |
Staff costs (Tables)
Staff costs (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Share-based payment arrangement | |
Schedule of detail of personnel expenses | The detail of Staff costs is as follows: Million euros 2019 2018 2017 Wages and salaries 9,020 8,824 8,879 Social Security costs 1,426 1,412 1,440 Additions to provisions for defined benefit pension plans (Note 25) 72 84 88 Contributions to defined contribution pension funds 292 287 271 Other Staff costs 1,331 1,258 1,369 12,141 11,865 12,047 |
Schedule of average number of employees | The average number of employees in the Group, by professional category, was as follows: Average number of employees 2019 2018 2017 The Bank: Senior management* 20 22 64 Other line personnel 29,147 30,399 21,327 Clerical staff** — — — General services personnel** — — — 29,167 30,421 21,391 Rest of Spain 8,269 7,944 12,703 Santander UK plc 17,961 18,757 19,079 Banco Santander (Brasil) S.A. 47,253 46,645 46,210 Other companies*** 98,464 98,062 96,349 201,114 201,829 195,732 * During 2018, categories of deputy assistant executive vice president and above were no longer included. ** During 2017, clerical staff and general services personnel categories were no longer included, considering all the staff in the aforementioned categories on the Other line personnel category. *** Does not include staff affected by discontinued operations. |
Schedule of functional breakdown of final employment by gender | The functional breakdown (final employment), by gender, at 31 December, 2019 is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Continental Europe 918 283 6,043 3,534 24,117 30,370 Latin America and Others 543 143 4,615 2,876 42,626 51,388 United Kingdom 99 31 1,076 496 8,870 13,391 1,560 457 11,734 6,906 75,613 100,149 The same information, expressed in percentage terms at 31 December, 2019 , is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Continental Europe 58.73 % 61.93 % 51.40 % 51.09 % 32.00 % 30.27 % Latin America and Others 34.92 % 31.29 % 39.44 % 41.74 % 56.23 % 56.39 % United Kingdom 6.35 % 6.78 % 9.16 % 7.18 % 11.77 % 13.34 % 100.00 % 100.00 % 100.00 % 100.00 % 100.00 % 100.00 % |
Schedule of number of employees with disabilities | The number of employees in the Group with disabilities, distributed by professional categories, at 31 December, 2019 , is as follows: Number of employees* 2019 Senior management 6 Other management 92 Other staff 3,486 3,584 * An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33% . The amount does not include employees in the United States. |
Schedule of deferred variable remuneration systems | The characteristics of the plans are set forth below: Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (i) Deferred and conditional variable remuneration plan (2014, 2015, 2016, 2017, 2018 and 2019) The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the fourth and the sixth cycles, and over three or five years for the fifth, seventh, eighth and ninth cycles, for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below. Beneficiaries: • Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as senior executives and employees who assume risks (third, fourth and fifth cycle) • In the case of the sixth, seventh, eighth and ninth cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fourth, fifth and sixth cycles (2014 to 2016), the accrual of deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations upon none of the following circumstances existing during the period prior to each of the deliveries, pursuant to the provisions set forth in each case in the plan regulations: i. Poor financial performance of the Group; ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks; iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards; or iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eight and ninth cycles (2017 to 2019), the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to no assumptions in which there is a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel, and at least the following factors must be considered: i. significant failures in risk management committed by the entity , or by a business unit or risk control unit; ii. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures; iii. Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity; and iv. Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions. Fourth and fifth cycles (2014 and 2015, respectively): • Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over 3 years (fourth cycle) or 5 years (fifth cycle). • Division managers, country heads, other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 3 years (fourth cycle) or 5 years (fifth cycle) • Other beneficiaries: 60% paid immediately and 40% deferred over 3 years. Sixth cycle (2016): • 60% of bonus will be paid immediately and 40% deferred over a three year period. Seventh, eight and ninth cycle (2017, 2018 and 2019): • Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years • Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50% paid over 5 years • Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years. (ii) Performance shares plans (2014 and 2015) The purpose is to instrument a portion of the variable remuneration of the executive directors and other members of the Identified Staff, consisting of a long-term incentive (ILP) in shares based on the Bank's performance over a multiannual period. In addition, the second cycle also applies to other Bank employees not included in the Identified Staff or Material Risk Takers, in respect of whom it is deemed appropriate that the potential delivery of Bank shares be included in their remuneration package in order to better align the employee's interests with those of the Bank. Beneficiaries i. Executive Directors and senior managers ii. Other Material Risk Takers or Identified Staff iii. Other beneficiaries in the case only of the second cycle (2015) In addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations, the delivery of shares to be paid on the ILP payment date based on compliance with the related multiannual target is conditional upon none of the following circumstances existing, in the opinion of the board of directors, subject to a proposal of the remuneration committee, during the period prior to each delivery: i. Poor financial performance of the Group; ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks; iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards; or iv. significant changes in the Group's economic capital or risk profile For the second cycle (2015), based on the maximum benchmark value (20%), at the proposal of the remuneration committee, the Board of Directors will set the maximum number of shares, the value in euros of which is called the "Agreed-upon Amount of the ILP", taking into account (i) the Group's earnings per share (EPS) and (ii) the Group's return on tangible equity (RoTE) for 2015 with respect to those budgeted for the year. The first cycle (2014) is subject to compliance of Relative Total Shareholder Return (TSR) metric measured against a group of 15 comparable institutions (the “peer group”) in the periods 2014-2015; 2014-2016; and 2014-2017. At the end of of 2017, the 2014 Performance Share Plan was fully terminated. For the second cycle (2015), the basis of calculation is the fulfilment of the following objectives: • Relative performance of the earning per share growth (EPS) growth of the Santander Group for the 2015-2017 period compared to a peer group of 17 credit institutions. • RoTE of the Santander Group for financial year 2017 • Employee satisfaction, measured by whether or not the corresponding Group company is included in the "Top 3" of the best banks to work for. • number of principal markets in which Santander is in the Top 3 of the best banks on the customer satisfaction index in 2017 • Retail loyal clients • SME and corporate loyal clients As a result of the process described above the board of directors approved, further to a proposal from the remuneration committee, a 65.67% achievement for the plan. This plan terminated in 2019. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018 and 2019) The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three or five years, for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of 3 years deferral) of the last three fifths (in the case of 5 years deferral) is also subject to long-term objectives. Beneficiaries Executive directors, senior managers and certain executives of the Group’s first lines of responsibility. In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations that none of The following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: i. Poor performance of the Group; ii. breach by the beneficiary of the internal regulations, including in particular that relating to risks; iii. material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations; Or iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018 and 2019 the accrual is conditioned, in addition to the beneficiary permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of instances of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, at least the following factors must be considered: i. Significant failures in risk management committed by the entity, or by a business unit or risk control unit; ii. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures; iii. Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity; and iv. Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions. Paid half in cash and half in shares. The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. First cycle (2016): • Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 year period. • Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a5 year period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 year period. The second, third and fourth cycles (2017, 2018 and 2019, respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three year and five year deferrals) are: • Earnings per share (EPS) growth in 2018 over 2015. • Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial year 2018. • Compliance with Santander Group’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third and fourth cycle (2017, 2018 and 2019) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three year and five year deferrals) are: • EPS growth in 2019, 2020 and 2021 (over 2016, 2017 and 2018, for each respective cycle) • Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018.-2019, respectively, and against a group of 9 entities (fourth cycle) for the 2019-2021 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020 and 2021, respectively. (iv) Digital Transformation Award (2019) The 2019 Digital Transformation Incentive (the “Digital Incentive”) is a variable remuneration system that includes the delivery of Santander shares and share options. The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent. The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros. The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform. Performance of incentive shall be measured based on achievement of the following milestones: 1. Launch of a Global Trade Services (GTS) platform. 2. Launch of a Global Merchant Services (GMS) platform 3. Migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets 4. Extension of SuperDigital in Brazil to at least one other country 5. Launch of our international payments app based on blockchain Pago FX to non-Santander customers. Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general malus & clawback provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Santander Group. In this regard, the board may define specific rules for non-Identified Staff After a review at the beginning of 2020 of the achievement levels of the approved objectives and underlying progress against them, the board of directors approved 83% funding of the 2019 award. The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five year deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three year deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. Vested share options can be exercised until maturity, with all options lapsing after ten years from granting |
Schedule of options activity | The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows: Number of shares (in thousand) Exercise price in pounds sterling* Year granted Employee group Number of persons** Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 1 January 2017 24,762 Options granted (Sharesave) 17,296 4.91 2016 Employments 7,024 01/11/16 01/11/19 01/11/16 01/11/21 Options exercised (338 ) 3.67 Options cancelled (net) or not exercised (12,804 ) 3.51 Plans outstanding at 31 December 2017 28,916 Options granted (Sharesave) 3,916 4.02 2017 Employments 4,260 01/11/17 01/11/20 01/11/17 01/11/22 Options exercised (1,918 ) 3.77 Options cancelled (net) or not exercised (3,713 ) 3.4 Plans outstanding at 31 December 2018 27,201 Options granted (Sharesave) 6,210 3.46 2018 Employments 4,880 01/11/18 01/11/21 01/11/18 01/11/23 Options exercised (3,340 ) 3.16 Options cancelled (net) or not exercised (3,233 ) 3.76 Plans outstanding at 31 December 2019 26,838 * At 31 December, 2019 , 2018 , 2017 and 2016 , the euro/pound sterling exchange rate was EUR 1.1754 GBP 1 ; EUR 1.1179 GBP 1 , EUR 1.1271 GBP 1 and EUR 1.1680 GBP 1 , respectively. ** Number of accounts/contracts. A single employee may have more than one account/contract. |
Other general administrative _2
Other general administrative expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other general administrative expenses | |
Schedule of detail of other general administrative expenses | The detail of Other general administrative expenses is as follows: Million euros 2019 2018 2017 Property, fixtures and supplies 975 1,968 1,931 Technology and systems 2,161 1,550 1,257 Technical reports 677 707 759 Advertising 685 646 757 Taxes other than income tax 522 557 583 Communications 518 527 529 Surveillance and cash courier services 416 405 443 Per diems and travel expenses 226 225 217 Insurance premiums 86 76 78 Other administrative expenses 1,872 1,828 1,799 8,138 8,489 8,353 |
Schedule of technical reports includes the fees paid by various Group companies | Technical reports includes the fees paid by the various Group companies (detailed in the accompanying Appendices) for the services provided by their respective auditors, the detail being as follows: Million euros 2019 2018 2017 Audit fees 98.2 92.1 88.1 Audit-related fees 7.4 6.8 6.7 Tax fees 0.7 0.9 1.3 All other fees 2.3 3.4 3.1 Total 108.6 103.2 99.2 |
Schedule of number of offices | The number of offices at 31 December 2019 and 2018 is as follow: Number of branches Group 2019 2018 Spain 3,286 4,427 Group 8,666 8,790 11,952 13,217 |
Gains or losses on non financ_2
Gains or losses on non financial assets, net (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Gains (losses) on disposals of non-current assets [abstract] | |
Detail of gains/ (losses) on disposal of assets not classified as non-current assets held for sale | The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follow: Million euros 2019 2018 2017 Gains: Tangible and intangible assets 131 124 134 Investments 1,219 2 443 Of which: Custody Business (Note 3) 989 — — Prisma 194 — — Allfunds Bank, S.A. (Note 3) — — 425 1,350 126 577 Losses: Tangible and intangible assets (55 ) (92 ) (43 ) Investments (4 ) (6 ) (12 ) (59 ) (98 ) (55 ) 1,291 28 522 |
Gains or losses on non-curren_2
Gains or losses on non-current assets held for sale not classified as discontinued operations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Non-current assets held for sale | |
Schedule of gains or losses on non-current assets held for sale that were not classified as discontinued operations | The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows: Million euros Net balance 2019 2018 2017 Tangible assets (232 ) (123 ) (195 ) Impairment (Note 12) (146 ) (259 ) (306 ) Gain (loss) on sale (Note 12) (86 ) 136 111 Other gains and other losses — — (8 ) (232 ) (123 ) (203 ) |
Other disclosures (Tables)
Other disclosures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other disclosures | |
Schedule of certain financial assets and liabilities by maturity | The detail, by maturity, of the balances of certain items in the consolidated balance sheet is as follows: 31 December 2019 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at Central Banks and other deposits on demand 101,067 — — — — — — 101,067 0.70 % Financial assets at fair value through other comprehensive income — 6,933 2,704 7,689 19,101 17,989 68,429 122,845 Debt instruments — 6,879 2,699 7,554 17,489 17,063 66,721 118,405 3.07 % Loans and advances — 54 5 135 1,612 926 1,708 4,440 Customers — 54 5 135 1,612 926 1,708 4,440 1.84 % Financial assets at amortised cost 51,702 73,890 76,229 116,511 150,365 103,584 423,201 995,482 Debt instruments — 1,563 1,847 3,073 2,549 3,642 17,115 29,789 3.23 % Loans and advances 51,702 72,327 74,382 113,438 147,816 99,942 406,086 965,693 Central banks — 17,086 — — — — 1,388 18,474 4.78 % Credits institutions 17,665 6,223 4,602 7,435 3,963 428 627 40,943 1.04 % Customers 34,037 49,018 69,780 106,003 143,853 99,514 404,071 906,276 4.85 % 152,769 80,823 78,933 124,200 169,466 121,573 491,630 1,219,394 4.15 % Liabilities: Financial liabilities at amortised cost 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Deposits 607,051 76,101 61,627 111,190 64,781 14,224 7,443 942,417 Central banks 99 462 64 33,229 28,424 190 — 62,468 0.51 % Credit institutions 23,526 14,494 18,922 14,245 9,327 5,668 4,319 90,501 2.97 % Customer deposits 583,426 61,145 42,641 63,716 27,030 8,366 3,124 789,448 0.91 % Marketable debt securities* ** — 16,008 22,569 47,808 65,545 46,577 59,712 258,219 2.38 % Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 1.33 % Difference (assets less liabilities) (466,234 ) (18,380 ) (9,613 ) (34,920 ) 34,667 60,291 422,838 (11,351 ) * Includes promissory notes, certificates of deposit and other short-term debt issues. ** See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22). 31 December 2018* Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at Central Banks and other deposits on demand 113,663 — — — — — — 113,663 0.61 % Financial assets at fair value through other comprehensive income 1,886 6,023 3,329 12,873 19,432 10,705 64,172 118,420 Debt instruments 487 6,022 3,328 12,830 19,415 10,661 64,076 116,819 3.11 % Loans and advances 1,399 1 1 43 17 44 96 1,601 Customers 1,399 1 1 43 17 44 96 1,601 1.41 % Financial assets at amortised cost 46,247 56,818 71,627 102,036 134,697 107,921 426,753 946,099 Debt instruments 16 1,534 1,319 6,646 2,474 1,783 23,924 37,696 3.30 % Loans and advances 46,231 55,284 70,308 95,390 132,223 106,138 402,829 908,403 Central banks — 23 — 4 — — 15,574 15,601 6.07 % Credit institutions 10,092 5,389 6,711 6,003 5,314 947 1,024 35,480 1.66 % Customers 36,139 49,872 63,597 89,383 126,909 105,191 386,231 857,322 4.96 % 161,796 62,841 74,956 114,909 154,129 118,626 490,925 1,178,182 4.22 % Liabilities: Financial liabilities at amortised cost 545,284 87,782 93,293 127,522 182,670 56,927 78,152 1,171,630 Deposits 536,134 74,440 67,406 91,958 107,459 18,833 6,871 903,101 Central banks 304 2,130 2,629 507 64,433 2,520 — 72,523 0.39 % Credit institutions 15,341 13,413 24,724 16,384 8,759 6,412 4,646 89,679 2.19 % Customer deposits 520,489 58,897 40,053 75,067 34,267 9,901 2,225 740,899 0.90 % Marketable debt securities 237 11,347 18,817 33,536 71,805 37,919 70,653 244,314 2.59 % Other financial liabilities 8,913 1,995 7,070 2,028 3,406 175 628 24,215 545,284 87,782 93,293 127,522 182,670 56,927 78,152 1,171,630 1.30 % Difference (assets less liabilities) (383,488 ) (24,941 ) (18,337 ) (12,613 ) (28,541 ) 61,699 412,773 6,552 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2017 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Average interest rate Assets: Cash, cash balances at central banks and other deposits on demand 110,995 — — — — — — 110,995 0.53 % Financial assets available-for-sale 326 2,467 1,646 11,497 22,447 11,164 78,934 128,481 Debt instruments 326 2,467 1,646 11,497 22,447 11,164 78,934 128,481 4.34 % Loans and receivables 57,000 58,686 53,218 96,689 119,541 112,786 405,093 903,013 Debt instruments 249 1,381 997 2,073 2,317 1,656 8,870 17,543 3.06 % Loans and advances 56,751 57,305 52,221 94,616 117,224 111,130 396,223 885,470 Central banks — 3,948 1,446 4,811 — — 16,073 26,278 5.10 % Credits institutions 18,242 4,198 3,445 5,708 5,694 939 1,341 39,567 1.26 % Customers 38,509 49,159 47,330 84,097 111,530 110,191 378,809 819,625 5.44 % Held-to-maturity investments — — — 1,902 122 294 11,173 13,491 1.52 % 168,321 61,153 54,864 110,088 142,110 124,244 495,200 1,155,980 4.61 % Liabilities: Financial liabilities at amortised cost 537,604 75,161 87,939 130,672 136,487 83,542 74,664 1,126,069 Deposits 527,499 59,325 66,667 100,658 81,169 39,719 8,283 883,320 Central banks 450 2,015 681 2,715 42,988 22,565 — 71,414 0.24 % Credit institutions 20,870 15,263 13,350 25,406 6,501 5,247 4,663 91,300 2.40 % Customer deposits 506,179 42,047 52,636 72,537 31,680 11,907 3,620 720,606 2.00 % Marketable debt securities* 105 11,927 11,638 29,286 54,202 43,395 64,357 214,910 2.56 % Other financial liabilities 10,000 3,909 9,634 728 1,116 428 2,024 27,839 537,604 75,161 87,939 130,672 136,487 83,542 74,664 1,126,069 1.98 % Difference (assets less liabilities) (369,283 ) (14,008 ) (33,075 ) (20,584 ) 5,623 40,702 420,536 29,911 * Includes promissory notes, certificates of deposit and other short-term debt issues. |
Schedule of undiscounted contractual maturities of financial liabilities at amortized cost by maturity | The detail of the undiscounted contractual maturities of the existing financial liabilities at amortised cost at 31 December 2019 is as follows: 31 December 2019 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 603,126 75,899 61,107 109,747 63,013 14,027 7,228 934,147 Central banks 99 454 41 32,805 28,255 190 — 61,844 Credit institutions 23,348 14,491 18,810 14,134 8,519 5,478 4,113 88,893 Customer 579,679 60,954 42,256 62,808 26,239 8,359 3,115 783,410 Marketable debt securities — 16,252 22,912 48,030 64,650 45,830 58,215 255,889 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 615,078 99,245 88,369 157,899 132,136 60,338 67,080 1,220,145 31 December 2018* Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 532,915 74,320 67,169 91,766 106,935 18,439 6,540 898,084 Central banks 304 2,126 2,624 896 64,424 2,520 — 72,894 Credit institutions 15,257 13,413 24,698 16,288 8,552 6,085 4,427 88,720 Customer 517,354 58,781 39,847 74,582 33,959 9,834 2,113 736,470 Marketable debt securities 296 11,243 17,359 33,443 71,431 37,409 69,352 240,533 Other financial liabilities 8,913 1,995 7,070 2,028 3,406 175 628 24,215 542,124 87,558 91,598 127,237 181,772 56,023 76,520 1,162,832 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2017 Million euros On demand Within 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortised cost Deposits 526,059 57,490 89,249 99,780 64,977 32,365 8,157 878,077 Central banks 451 2,018 23,801 2,719 27,138 15,385 — 71,512 Credit institutions 20,378 14,903 13,035 24,807 6,348 5,123 4,553 89,147 Customer 505,230 40,569 52,413 72,254 31,491 11,857 3,604 717,418 Marketable debt securities 1,486 11,735 11,387 28,412 52,989 42,888 63,648 212,545 Other financial liabilities 10,001 3,908 9,634 728 1,116 428 2,024 27,839 537,546 73,133 110,270 128,920 119,082 75,681 73,829 1,118,461 |
Schedule of remainder of financial assets, liabilities and memorandum items by maturity | Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2019 , 2018 and 2017 : 31 December 2019 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL ASSETS Financial assets held for trading 4,864 3,522 19,740 21,603 18,083 40,418 108,230 Derivatives 3,329 2,233 6,552 15,855 14,925 20,503 63,397 Equity instruments — — — — — 12,437 12,437 Debt instruments 1,531 1,289 13,188 5,748 3,141 7,144 32,041 Loans and advances 4 — — — 17 334 355 Credits institutions — — — — — — — Customers 4 — — — 17 334 355 Financial assets designated at fair value through profit or loss 24,110 13,167 7,602 5,175 3,878 8,137 62,069 Debt instruments 457 10 81 652 381 1,605 3,186 Loans and advances 23,653 13,157 7,521 4,523 3,497 6,532 58,883 Central banks 1,744 4,729 — — — — 6,473 Credit institutions 13,186 4,946 1,534 1,015 9 959 21,649 Customers 8,723 3,482 5,987 3,508 3,488 5,573 30,761 Non-trading financial assets mandatorily at fair value through profit or loss 272 — 4 11 117 4,507 4,911 Equity instruments — — — — — 3,350 3,350 Debt instruments — — — 11 117 1,047 1,175 Loans and advances 272 — 4 — — 110 386 Central banks — — — — — — — Credits institutions — — — — — — — Customers 272 — 4 — — 110 386 Financial assets at fair value through other comprehensive income — — — — — 2,863 2,863 Equity instruments — — — — — 2,863 2,863 Hedging derivatives 807 86 601 1,646 904 3,172 7,216 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 267 1 24 112 265 1,033 1,702 TOTAL FINANCIAL ASSETS 30,320 16,776 27,971 28,547 23,247 60,130 186,991 31 December 2019 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,851 3,427 7,130 17,244 16,905 21,582 77,139 Derivatives 2,672 1,973 6,591 16,965 16,023 18,792 63,016 Shorts positions 8,179 1,454 539 279 882 2,790 14,123 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 21,929 2,259 5,307 3,565 1,450 26,485 60,995 Deposits 21,904 2,225 4,909 2,429 780 24,864 57,111 Central banks 8,831 1,228 2,795 — — — 12,854 Credits institutions 4,133 521 1,857 2,132 11 686 9,340 Customers 8,940 476 257 297 769 24,178 34,917 Marketable debt securities* 14 34 398 1,021 670 1,621 3,758 Other financial liabilities 11 — — 115 — — 126 Hedging derivatives 1,997 337 848 678 528 1,660 6,048 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 26 53 59 122 269 TOTAL FINANCIAL LIABILITIES 34,780 6,029 13,311 21,540 18,942 49,849 144,451 * Includes promissory notes, certificates of deposit and other short-term debt issues (see Note 22). 31 December 2019 Million of euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 98,630 16,529 30,370 37,097 48,072 10,481 241,179 Financial guarantees granted 2,176 1,791 5,626 1,933 1,364 760 13,650 Other commitments granted 44,950 3,052 9,957 4,606 4,132 2,198 68,895 MEMORANDUM ITEMS 145,756 21,372 45,953 43,636 53,568 13,439 323,724 In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above. 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL ASSETS Financial assets held for trading 4,512 3,564 6,793 22,084 19,350 36,576 92,879 Derivatives 2,691 3,165 899 15,189 14,098 19,897 55,939 Equity instruments — — — — — 8,938 8,938 Debt instruments 1,821 399 5,894 6,895 5,252 7,539 27,800 Loans and advances — — — — — 202 202 Credits institutions — — — — — — — Customers — — — — — 202 202 Financial assets designated at fair value through profit or loss 21,598 13,045 5,625 5,215 4,065 7,912 57,460 Debt instruments 604 7 304 727 348 1,232 3,222 Loans and advances 20,994 13,038 5,321 4,488 3,717 6,680 54,238 Central banks 1,211 5,433 2,582 — — — 9,226 Credit institutions 14,587 4,131 778 1,327 579 1,695 23,097 Customers 5,196 3,474 1,961 3,161 3,138 4,985 21,915 Non-trading financial assets mandatorily at fair value through profit or loss 3,215 346 17 125 2 7,025 10,730 Equity instruments — — — — — 3,260 3,260 Debt instruments 1,876 20 — — 2 3,689 5,587 Loans and advances 1,339 326 17 125 — 76 1,883 Central banks — — — — — — — Credits institutions 2 — — — — — 2 Customers 1,337 326 17 125 — 76 1,881 Financial assets at fair value through other comprehensive income — — — — — 2,671 2,671 Equity instruments — — — — — 2,671 2,671 Hedging derivatives 609 166 474 2,167 957 4,234 8,607 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 106 7 20 28 59 868 1,088 TOTAL FINANCIAL ASSETS 30,040 17,128 12,929 29,619 24,433 59,286 173,435 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,473 3,351 1,104 16,123 16,457 22,835 70,343 Derivatives 2,897 2,874 822 14,323 14,956 19,469 55,341 Shorts positions 7,576 477 282 1,800 1,501 3,366 15,002 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 29,574 7,017 864 1,497 999 28,107 68,058 Deposits 29,522 6,947 627 531 455 27,222 65,304 Central banks 9,804 4,940 72 — — — 14,816 Credits institutions 8,809 949 271 188 229 445 10,891 Customers 10,909 1,058 284 343 226 26,777 39,597 Marketable debt securities 13 70 237 556 544 885 2,305 Other financial liabilities 39 — — 410 — — 449 Hedging derivatives 485 144 321 362 651 4,400 6,363 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 5 23 64 60 148 303 TOTAL FINANCIAL LIABILITIES 40,535 10,517 2,312 18,046 18,167 55,490 145,067 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2018 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 71,860 12,436 22,749 35,632 43,205 32,201 218,083 Financial guarantees granted 2,100 1,737 4,437 1,728 1,029 692 11,723 Other commitments granted 58,431 1,486 6,174 2,650 3,503 2,145 74,389 MEMORANDUM ITEMS 132,391 15,659 33,360 40,010 47,737 35,038 304,195 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 11,147 5,887 21,896 24,178 19,563 42,787 125,458 Derivatives 4,026 1,691 5,352 17,233 14,895 14,046 57,243 Equity instruments — — — — — 21,353 21,353 Debt instruments 4,253 1,706 11,850 6,529 4,662 7,351 36,351 Loans and advances 2,868 2,490 4,694 416 6 37 10,511 Credits institutions 1,216 1 63 416 — — 1,696 Customers 1,652 2,489 4,631 — 6 37 8,815 Financial assets designated at fair value through profit or loss 9,998 4,485 5,032 3,402 3,922 7,943 34,782 Equity instruments — — — — — 933 933 Debt instruments 19 120 850 667 579 1,250 3,485 Loans and advances 9,979 4,365 4,182 2,735 3,343 5,760 30,364 Central banks — — — — — — — Credits institutions 7,341 2,020 183 32 77 236 9,889 Customers 2,638 2,345 3,999 2,703 3,266 5,524 20,475 Financial assets at fair value through other comprehensive income — — — — — 4,790 4,790 Equity instruments — — — — — 4,790 4,790 Hedging derivatives 255 162 519 1,113 1,583 4,905 8,537 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 57 6 33 151 59 981 1,287 TOTAL FINANCIAL ASSETS 21,457 10,540 27,480 28,844 25,127 61,406 174,854 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 38,976 4,073 7,177 17,913 16,989 22,496 107,624 Derivatives 3,698 2,070 5,951 15,634 14,897 15,642 57,892 Shorts positions 8,060 468 1,226 2,279 2,092 6,854 20,979 Deposits 27,218 1,535 — — — — 28,753 Central banks 282 — — — — — 282 Credits institutions 292 — — — — — 292 Customers 26,644 1,535 — — — — 28,179 Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 30,152 5,166 1,635 1,251 1,120 20,292 59,616 Deposits 30,083 4,730 1,065 191 425 19,477 55,971 Central banks 6,038 2,077 745 — — — 8,860 Credits institutions 16,521 1,485 63 — 97 — 18,166 Customers 7,524 1,168 257 191 328 19,477 28,945 Marketable debt securities 69 436 570 471 695 815 3,056 Other financial liabilities — — — 589 — — 589 Hedging derivatives 40 79 180 493 677 6,575 8,044 Changes in the fair value of hedged items in portfolio hedges of interest rate risk — — 2 1 31 302 330 TOTAL FINANCIAL LIABILITIES 69,168 9,318 8,990 19,656 18,817 49,665 175,614 31 December 2017 Million euros Within 1 months 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Memorandum items Loans commitment granted 87,280 14,165 54,069 32,664 34,011 15,781 237,970 Financial guarantees granted 17,065 5,059 12,599 10,502 2,326 1,566 49,117 MEMORANDUM ITEMS 104,345 19,224 66,668 43,166 36,337 17,347 287,087 |
Schedule of equivalent euro value of assets and liabilities | The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows: Equivalent value in million euros 2019 2018* 2017 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 65,205 — 61,372 — 67,025 — Financial assets/liabilities held for trading 60,526 45,262 56,217 40,989 82,004 76,459 Non-trading financial assets mandatorily at fair value through profit or loss 2,611 — 8,231 — Other financial assets/liabilities at fair value through profit or loss 25,938 29,593 32,244 35,997 7,322 21,766 Financial assets/liabilities available-for-sale 65,691 — Financial assets at fair value through other comprehensive income 76,402 — 67,926 — Financial assets at amortised cost 656,564 — 598,629 — Loans and receivables 553,301 Investments held-to-maturity 11,490 — Investments 1,355 — 1,189 — 1,121 — Tangible assets 24,662 — 19,903 — 15,971 — Intangible assets 21,942 — 23,016 — 23,499 — Financial liabilities at amortised cost — 752,188 — 694,362 — 638,680 Liabilities under insurance contracts — 13 — 29 — 58 Other 25,410 23,428 24,506 20,567 23,695 20,989 960,615 850,484 893,233 791,944 851,119 757,952 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of financial assets measured at other than fair value | Financial assets measured at other than fair value Million euros 2019 2018 2017 Assets Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Loans and advances 965,693 975,523 — 82,045 893,478 908,403 914,013 — 88,091 825,922 885,470 895,645 — 141,839 753,806 Debt instruments 29,789 30,031 10,907 9,971 9,153 37,696 38,095 20,898 11,246 5,951 31,034 31,094 10,994 13,688 6,412 995,482 1,005,554 10,907 92,016 902,631 946,099 952,108 20,898 99,337 831,873 916,504 926,739 10,994 155,527 760,218 |
Schedule of financial liabilities measured at other than fair value | Financial liabilities measured at other than fair value Million euros 2019 2018 2017 Liabilities* Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Deposits 942,417 942,397 — 245,143 697,254 903,101 902,680 — 302,414 600,266 883,320 883,880 — 177,147 706,733 Debt instruments 258,219 266,784 84,793 149,516 32,475 244,314 247,029 72,945 143,153 30,931 214,910 221,276 52,896 139,301 29,079 1,200,636 1,209,181 84,793 394,659 729,729 1,147,415 1,149,709 72,945 445,567 631,197 1,098,230 1,105,156 52,896 316,448 735,812 * At 31 December, 2019, the Group had other financial liabilities that amounted to EUR 30,109 million, EUR 24,215 million in 2018 and EUR 27,839 million in 2017. |
Schedule of sovereign risk | The detail at 31 December 2019 , 2018 and 2017 , by type of financial instrument, of the Group’s sovereign risk exposure to Europe’s peripheral countries and of the short positions held with them, taking into consideration the criteria established by the European Banking Authority (EBA) (see Note 54) is as follows: Sovereign risk by country of issuer/borrower at 31 December 2019* Million euros Debt instruments MtM Derivatives*** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets at fair value through other comprehensive income Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at amortised cost Loans and advances to customers** Total net direct exposure Direct risk Indirect risk (CDS)s Spain 9,090 (3,886 ) 19,961 — 208 9,993 35,366 474 — Portugal 31 (777 ) 5,450 — 577 3,408 8,689 — — Italy 1,095 (452 ) 1,631 — 442 19 2,735 5 (5 ) Ireland — — — — — — — — — * Information prepared under EBA standards. Also, there are government debt instruments on insurance companies balance sheets amounting to EUR 14,517 million (of which EUR 12,756 million, EUR 1,306 million, EUR 453 million and EUR 2 million relate to Spain, Portugal, Italy and Ireland, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 6,299 million (of which EUR 5,808 million, EUR 224 million and EUR 267 million to Spain, Portugal and Italy, respectively). ** Presented without taking into account the valuation adjustments recognised (EUR 17 million). *** “Other than CDSs" refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Sovereign risk by country of issuer/borrower at 31 December 2018** Million euros* Debt instruments MtM Derivatives**** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets at fair value through other comprehensive income Non-trading financial assets mandatorily at fair value through profit or loss Financial assets at amortised cost Loans and advances to customers*** Total net direct exposure Direct risk Indirect risk (CDS)s Spain 3,601 (2,458 ) 27,078 — 7,804 13,615 49,640 407 — Portugal 72 (115 ) 4,794 — 277 3,725 8,753 — — Italy 477 (681 ) — — 385 80 261 87 — Ireland — — — — — — — 2 — * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). ** Information prepared under EBA standards. Also, there are government debt securities on insurance companies' balance sheets amounting to EUR 13,364 million (of which EUR 11,529 million, EUR 1,415 million, EUR 418 million and EUR 2 million relate to Spain, Portugal, Italy and Ireland, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 5,622 million (of which EUR 4,870 million, EUR 366 million and EUR 386 million to Spain, Portugal and Italy, respectively). *** Presented without taking into account the valuation adjustments recognised (EUR 34 million). **** “Other than CDSs" refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Sovereign risk by country of issuer/borrower at 31 December 2017* Million euros Debt instruments MtM Derivatives*** Financial assets held for trading and financial assets designated at fair value through profit or loss Short positions Financial assets available-for-sale Loans and receivables Held-to- maturity investments Loans and advances to customers** Total net direct exposure**** Direct risk Indirect risk (CDS)s Spain 6,940 (2,012 ) 37,748 1,585 1,906 16,470 62,637 (21 ) — Portugal 208 (155 ) 5,220 232 3 3,309 8,817 — — Italy 1,962 (483 ) 4,613 — — 16 6,108 (5 ) 5 * Information prepared under EBA standards. Also, there are government debt securities on insurance companies’ balance sheets amounting to EUR 11,673 million (of which EUR 10,079 million, EUR 1,163 million and EUR 431 million relate to Spain, Portugal and Italy, respectively) and off-balance-sheet exposure other than derivatives – contingent liabilities and commitments– amounting to EUR 3,596 million (EUR 3,010 million, EUR 146 million and EUR 440 million to Spain, Portugal and Italy, respectively). ** Presented without taking into account the Other comprehensive income recognised (EUR 31 million). *** Other than CDSs refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. CDSs refers to the exposure to CDSs based on the location of the underlying. **** EUR 19,601 million were included within the direct exposures of the balance sheet mainly from debt securities of Grupo Banco Popular S.A.U. |
Schedule of other counterparties risk | The detail of the Group's other exposure to other counterparties (private sector, central banks and other public entities that are not considered to be sovereign risks) in the aforementioned countries at 31 December 2019 , 2018 and 2017 is as follows: Exposure to other counterparties by country of issuer/borrower at 31 December 2019*** Million euros Debt instruments MtM Derivatives** Balances with Reverse repurchase agreements Financial Financial Non-trading Financial Loans and Total net Other CDSs Spain 21,696 7,627 656 1,195 321 1,501 194,817 227,813 2,417 2 Portugal 2,814 409 190 32 — 2,956 33,403 39,804 931 — Italy 182 6,243 625 606 — 153 12,284 20,093 512 — Greece — — — — — — 12 12 — — Ireland — — 55 1,718 592 22 11,875 14,262 232 — * Also, the Group has off-balance-sheet exposure other than derivatives -contingent liabilities and commitments- amounting to EUR 77,468 million, EUR 7,749 million, EUR 4,948 million, EUR 201 million and EUR 996 million to counterparties in Spain, Portugal, Italy, Greece and Ireland, respectively. ** Presented without taking into account valuation adjustments or impairment corrections (EUR 7,322 million). *** “Other than CDSs” refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Exposure to other counterparties by country of issuer/borrower at 31 December 2018**** Million euros* Debt instruments MtM Derivatives*** Balances with Reverse repurchase agreements Financial Financial Non-trading Financial Loans and Total net Other CDSs Spain 42,655 8,117 412 1,760 320 2,662 202,149 258,075 3,880 (6 ) Portugal 1,369 — 11 90 — 3,821 33,596 38,887 1,132 — Italy 51 6,296 84 635 — — 10,830 17,896 253 — Greece — — — — — — 80 80 28 — Ireland — — 21 1,093 16 25 10,633 11,788 127 — * See reconciliation of IAS 39 as of 31 December, 2017 to IFRS 9 as of 1 January, 2018 (Note 1.d). ** Also, the Group has off-balance-sheet exposure other than derivatives -contingent liabilities and commitments- amounting to EUR 76,691 million, EUR 8,158 million, EUR 5,193 million, EUR 200 million and EUR 850 million to counterparties in Spain, Portugal, Italy, Greece and Ireland, respectively. *** Presented without taking into account valuation adjustments or impairment corrections (EUR 9,385 million). **** “Other than CDSs” refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. Exposure to other counterparties by country of issuer/borrower at 31 December 2017* Million euros Debt instruments Derivatives*** Balances with central banks Reverse repurchase agreements Financial assets held for trading and financial assets designated at fair value through profit or loss Financial assets available-for-sale Loans and receivables Investments held-to-maturity Loans and advances to customers** Total net direct exposure**** Other than CDSs CDSs Spain 36,091 6,932 623 4,784 2,880 — 210,976 262,286 2,299 2 Portugal 761 178 160 764 4,007 106 35,650 41,626 1,416 — Italy 17 2,416 438 1,010 — — 10,015 13,896 211 5 Greece — — — — — — 56 56 30 — Ireland — — 20 476 584 — 1,981 3,061 79 — * Also, the Group has off-balance-sheet exposure other than derivatives -contingent liabilities and commitments- amounting to EUR 81,072 million, EUR 8,936 million, EUR 4,310 million, EUR 200 million and EUR 714 million, of which Grupo Banco Popular S.A.U. EUR 15,460 million, to counterparties in Spain, Portugal, Italy, Greece and Ireland, respectively. ** Presented excluding Other comprehensive income and impairment losses recognised (EUR 10,653 million of which around EUR 3,986 of Grupo Banco Popular S.A.U.). *** “Other than CDSs” refers to the exposure to derivatives based on the location of the counterparty, irrespective of the location of the underlying. “CDSs” refers to the exposure to CDSs based on the location of the underlying. **** EUR 83,625 million were included within the direct exposures of the balance sheet mainly from debt securities of Grupo Banco Popular S.A.U. |
Schedule of credit default swaps | Following is certain information on the notional amount of the CDSs at 31 December 2019 , 2018 and 2017 detailed in the foregoing tables: 31/12/2019 Million euros Notional amount Fair value Bought Sold Net Bought Sold Net Spain Sovereign — — — — — — Other 127 340 (213 ) (2 ) 4 2 Portugal Sovereign 27 27 — — — — Other — — — — — — Italy Sovereign 314 9 305 (5 ) — (5 ) Other 60 60 — (2 ) 2 — 31/12/2018 Million euros Notional amount Fair value Bought Sold Net Bought Sold Net Spain Sovereign — — — — — — Other 151 382 (231 ) (2 ) (4 ) (6 ) Portugal Sovereign 26 26 — — — — Other — — — — — — Italy Sovereign — 265 (265 ) — — — Other 205 75 130 (5 ) 5 — 31/12/2017 Million euros Notional amount Fair value Bought Sold Net Bought Sold Net Spain Sovereign — — — — — — Other 324 499 (175 ) (3 ) 5 2 Portugal Sovereign 25 128 (103 ) (1 ) 1 — Other 1 1 — — — — Italy Sovereign 25 450 (425 ) — 5 5 Other 225 201 24 (3 ) 8 5 |
Primary and secondary segment_2
Primary and secondary segments reporting (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
Condensed balance sheets and income statements of geographical segments | The condensed balance sheets and income statements of the various primary segments are as follows: Million euros 2019 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,057,038 223,857 253,804 10,234 168,352 (190,590 ) 1,522,695 Loans and advances to customers 676,904 133,726 125,122 702 5,764 — 942,218 Cash, balances at central banks and credit institutions and other deposits on demand 180,389 22,885 51,360 9,063 32,803 (107,894 ) 188,606 Debt instruments 104,381 33,746 45,619 10 840 — 184,596 Other financial assets 53,893 10,759 14,802 187 2,406 — 82,047 Other asset accounts 41,471 22,741 16,901 272 126,539 (82,696 ) 125,228 Total Liabilities 1,000,905 199,955 231,321 9,760 77,989 (107,894 ) 1,412,036 Customer deposits 600,380 98,915 114,817 9,460 793 — 824,365 Central banks and credit institutions 189,791 38,942 41,989 82 12,253 (107,894 ) 175,163 Marketable debt securities 133,544 44,098 29,840 — 54,495 — 261,977 Other financial liabilities*** 60,807 11,763 34,062 106 636 — 107,374 Other liabilities accounts**** 16,383 6,237 10,613 112 9,812 — 43,157 Total Equity 56,133 23,902 22,483 474 90,363 (82,696 ) 110,659 Other customer funds under management 86,558 14,319 76,023 — 11 — 176,911 Investment funds 62,203 11,703 69,071 — 11 — 142,988 Pension funds 11,746 98 — — — — 11,844 Assets under management 12,609 2,518 6,952 — — — 22,079 Other non-managed marketed customer funds 33,107 15,872 60 450 — — 49,489 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. Million euros 2018 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,020,737 200,919 237,480 8,781 170,614 (179,260 ) 1,459,271 Loans and advances to customers 639,966 116,196 119,912 337 6,509 1 882,921 Cash, balances at central banks and credit institutions and other deposits on demand 172,298 28,845 48,318 8,168 39,840 (100,400 ) 197,069 Debt instruments 118,221 27,302 45,224 — 377 — 191,124 Other financial assets* 49,263 9,974 9,311 146 2,113 1 70,808 Other asset accounts** 40,989 18,602 14,715 130 121,775 (78,862 ) 117,349 Total Liabilities 966,727 179,046 215,605 8,492 82,439 (100,399 ) 1,351,910 Customer deposits 571,834 91,895 108,248 8,284 235 — 780,496 Central banks and credit institutions 192,685 26,048 38,584 111 30,879 (100,398 ) 187,909 Marketable debt securities 129,574 43,758 31,504 — 41,783 — 246,619 Other financial liabilities*** 53,687 11,379 28,570 38 1,334 (1 ) 95,007 Other liabilities accounts**** 18,947 5,966 8,699 59 8,208 — 41,879 Total Equity 54,010 21,873 21,875 289 88,175 (78,861 ) 107,361 Other customer funds under management 76,524 12,785 68,172 367 7 — 157,855 Investment funds 55,239 10,436 61,515 367 7 — 127,564 Pension funds 11,062 98 — — — — 11,160 Assets under management 10,223 2,251 6,657 — — — 19,131 Other non-managed marketed customer funds 28,555 13,528 128 — — — 42,211 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. Million euros 2017 (Condensed) balance sheet Europe North America South America Santander Global Platform Corporate Centre Intra-Group eliminations Total Total Assets 1,023,053 172,591 235,144 7,372 157,126 (150,981 ) 1,444,305 Loans and advances to customers 623,604 98,424 121,467 92 5,326 2 848,915 Cash, balances at central banks and credit institutions and other deposits on demand 155,203 23,256 46,131 7,128 25,897 (69,190 ) 188,425 Debt instruments 125,848 27,519 44,148 68 1,768 — 199,351 Other financial assets* 64,608 8,996 8,599 — 2,116 — 84,319 Other asset accounts** 53,790 14,396 14,799 84 122,019 (81,793 ) 123,295 Total Liabilities 966,064 152,455 211,148 7,135 69,860 (69,190 ) 1,337,472 Customer deposits 576,072 81,581 112,874 6,981 222 — 777,730 Central banks and credit institutions 179,057 24,131 31,366 63 24,887 (69,190 ) 190,314 Marketable debt securities 122,325 31,344 29,267 — 35,030 — 217,966 Other financial liabilities*** 67,041 10,183 28,403 44 1,628 — 107,299 Other liabilities accounts**** 21,569 5,216 9,238 47 8,093 — 44,163 Total Equity 56,989 20,136 23,996 237 87,266 (81,791 ) 106,833 Other customer funds under management 82,287 12,790 70,811 686 — — 166,574 Investment funds 60,254 10,371 64,514 610 — — 135,749 Pension funds 11,490 — — 76 — — 11,566 Assets under management 10,543 2,419 6,297 — — — 19,259 Other non-managed marketed customer funds 27,790 13,561 47 — — — 41,398 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Non-current assets held for sale, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. The condensed income statements for the primary segments are as follows: Million euros 2019 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate centre Total Net interest income 14,201 8,926 13,316 92 (1,252 ) 35,283 Net fee income 5,260 1,776 4,787 6 (50 ) 11,779 Gains (losses) on financial transactions* 1,036 230 565 (3 ) (297 ) 1,531 Other operating income** 504 672 (243 ) (14 ) (18 ) 901 Total income 21,001 11,604 18,425 81 (1,617 ) 49,494 Administrative expenses, depreciation and amortisation (11,044 ) (4,967 ) (6,656 ) (240 ) (373 ) (23,280 ) Net operating income*** 9,957 6,637 11,769 (159 ) (1,990 ) 26,214 Net loan-loss provisions**** (1,839 ) (3,656 ) (3,789 ) (1 ) (36 ) (9,321 ) Other gains (losses) and provisions***** (768 ) (205 ) (748 ) (6 ) (237 ) (1,964 ) Operating profit/(loss) before tax 7,350 2,776 7,232 (166 ) (2,263 ) 14,929 Tax on profit (1,979 ) (683 ) (2,644 ) 46 157 (5,103 ) Profit from continuing operations 5,371 2,093 4,588 (120 ) (2,106 ) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 5,371 2,093 4,588 (120 ) (2,106 ) 9,826 Non-controlling interests 493 426 664 — (9 ) 1,574 Attributable profit to the parent 4,878 1,667 3,924 (120 ) (2,097 ) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2018 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate Centre Total Net interest income 14,204 8,154 12,891 79 (987 ) 34,341 Net fee income 5,434 1,615 4,497 7 (68 ) 11,485 Gains (losses) on financial transactions* 1,114 173 498 — 12 1,797 Other operating income** 505 534 (212 ) (12 ) (14 ) 801 Total income 21,257 10,476 17,674 74 (1,057 ) 48,424 Administrative expenses, depreciation and amortisation (11,166 ) (4,488 ) (6,557 ) (142 ) (426 ) (22,779 ) Net operating income*** 10,091 5,988 11,117 (68 ) (1,483 ) 25,645 Net loan-loss provisions**** (1,572 ) (3,449 ) (3,737 ) — (115 ) (8,873 ) Other gains (losses) and provisions***** (1,027 ) (202 ) (663 ) (2 ) (101 ) (1,995 ) Operating profit/(loss) before tax 7,492 2,337 6,717 (70 ) (1,699 ) 14,777 Tax on profit (2,020 ) (599 ) (2,642 ) 17 14 (5,230 ) Profit from continuing operations 5,472 1,738 4,075 (53 ) (1,685 ) 9,547 Net profit from discontinued operations — — — — — — Consolidated profit 5,472 1,738 4,075 (53 ) (1,685 ) 9,547 Non-controlling interests 424 434 624 1 — 1,483 Attributable profit to the parent 5,048 1,304 3,451 (54 ) (1,685 ) 8,064 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2017 (Condesed) Underlying income statement Europe North America South America Santander Global Platform Corporate Centre Total Net interest income 13,529 8,170 13,383 63 (849 ) 34,296 Net fee income 5,163 1,721 4,744 7 (38 ) 11,597 Gains (losses) on financial transactions* 907 159 863 — (225 ) 1,704 Other operating income** 463 370 69 (11 ) (94 ) 797 Total income 20,062 10,420 19,059 59 (1,206 ) 48,394 Administrative expenses, depreciation and amortisation (10,454 ) (4,580 ) (7,339 ) (67 ) (477 ) (22,917 ) Net operating income*** 9,608 5,840 11,720 (8 ) (1,683 ) 25,477 Net loan-loss provisions**** (1,313 ) (3,685 ) (4,067 ) — (46 ) (9,111 ) Other gains (losses) and provisions***** (1,207 ) (129 ) (1,290 ) (6 ) (181 ) (2,813 ) Operating profit/(loss) before tax 7,088 2,026 6,363 (14 ) (1,910 ) 13,553 Tax on profit (1,980 ) (486 ) (2,156 ) 2 32 (4,588 ) Profit from continuing operations 5,108 1,540 4,207 (12 ) (1,878 ) 8,965 Net profit from discontinued operations — — — — — — Consolidated profit 5,108 1,540 4,207 (12 ) (1,878 ) 8,965 Non-controlling interests 408 422 620 — (1 ) 1,449 Attributable profit to the parent 4,700 1,118 3,587 (12 ) (1,877 ) 7,516 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. |
Schedule of condensed income statements of business segments | The condensed income statements are as follows: Million euros 2019 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance Santander Global Platform Corporate centre Total Net interest income 33,157 2,721 565 92 (1,252 ) 35,283 Net fee income 9,094 1,528 1,201 6 (50 ) 11,779 Gains (losses) on financial transactions* 975 740 116 (3 ) (297 ) 1,531 Other operating income** 297 295 341 (14 ) (18 ) 901 Total income 43,523 5,284 2,223 81 (1,617 ) 49,494 Administrative expenses, depreciation and amortisation (19,481 ) (2,275 ) (911 ) (240 ) (373 ) (23,280 ) Net operating income*** 24,042 3,009 1,312 (159 ) (1,990 ) 26,214 Net loan-loss provisions**** (9,154 ) (155 ) 25 (1 ) (36 ) (9,321 ) Other gains (losses) and provisions***** (1,623 ) (86 ) (12 ) (6 ) (237 ) (1,964 ) Operating profit/(loss) before tax 13,265 2,768 1,325 (166 ) (2,263 ) 14,929 Tax on profit (4,156 ) (838 ) (312 ) 46 157 (5,103 ) Profit from continuing operations 9,109 1,930 1,013 (120 ) (2,106 ) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 9,109 1,930 1,013 (120 ) (2,106 ) 9,826 Non-controlling interests 1,361 169 53 — (9 ) 1,574 Attributable profit to the parent 7,748 1,761 960 (120 ) (2,097 ) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2018 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance Santander Global Platform Corporate Centre Total Net interest income 32,261 2,461 527 79 (987 ) 34,341 Net fee income 8,870 1,534 1,142 7 (68 ) 11,485 Gains (losses) on financial transactions* 756 898 131 — 12 1,797 Other operating income** 344 184 299 (12 ) (14 ) 801 Total income 42,231 5,077 2,099 74 (1,057 ) 48,424 Administrative expenses, depreciation and amortisation (19,237 ) (2,101 ) (873 ) (142 ) (426 ) (22,779 ) Net operating income*** 22,994 2,976 1,226 (68 ) (1,483 ) 25,645 Net loan-loss provisions**** (8,549 ) (199 ) (10 ) — (115 ) (8,873 ) Other gains (losses) and provisions***** (1,791 ) (97 ) (4 ) (2 ) (101 ) (1,995 ) Operating profit/(loss) before tax 12,654 2,680 1,212 (70 ) (1,699 ) 14,777 Tax on profit (4,144 ) (832 ) (285 ) 17 14 (5,230 ) Profit from continuing operations 8,510 1,848 927 (53 ) (1,685 ) 9,547 Net profit from discontinued operations — — — — — — Consolidated profit 8,510 1,848 927 (53 ) (1,685 ) 9,547 Non-controlling interests 1,272 157 52 1 1 1,483 Attributable profit to the parent 7,238 1,691 875 (54 ) (1,686 ) 8,064 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Million euros 2017 (Condensed) Underlying income statement Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance Santander Global Platform Corporate Centre Total Net interest income 32,169 2,442 471 63 (849 ) 34,296 Net fee income 9,295 1,621 712 7 (38 ) 11,597 Gains (losses) on financial transactions* 685 1,207 37 — (225 ) 1,704 Other operating income** 255 221 426 (11 ) (94 ) 797 Total income 42,404 5,491 1,646 59 (1,206 ) 48,394 Administrative expenses, depreciation and amortisation (19,752 ) (2,028 ) (593 ) (67 ) (477 ) (22,917 ) Net operating income*** 22,652 3,463 1,053 (8 ) (1,683 ) 25,477 Net loan-loss provisions**** (8,374 ) (682 ) (9 ) — (46 ) (9,111 ) Other gains (losses) and provisions***** (2,535 ) (80 ) (11 ) (6 ) (181 ) (2,813 ) Operating profit/(loss) before tax 11,743 2,701 1,033 (14 ) (1,910 ) 13,553 Tax on profit (3,688 ) (747 ) (187 ) 2 32 (4,588 ) Profit from continuing operations 8,055 1,954 846 (12 ) (1,878 ) 8,965 Net profit from discontinued operations — — — — — — Consolidated profit 8,055 1,954 846 (12 ) (1,878 ) 8,965 Non-controlling interests 1,218 182 50 — (1 ) 1,449 Attributable profit to the parent 6,837 1,772 796 (12 ) (1,877 ) 7,516 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. |
Schedule of reconciliation of consolidated profit after tax to operating profit before tax | The Group’s assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled. Million euros 2019 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 35,283 — 35,283 Net fee income 11,779 — 11,779 Gains (losses) on financial transactions* 1,531 — 1,531 Other operating income** 901 (265 ) 636 Total income 49,494 (265 ) 49,229 Administrative expenses, depreciation and amortisation (23,280 ) — (23,280 ) Net operating income*** 26,214 (265 ) 25,949 Net loan-loss provisions**** (9,321 ) — (9,321 ) Other gains (losses) and provisions***** (1,964 ) (2,121 ) (4,085 ) Operating profit/(loss) before tax 14,929 (2,386 ) 12,543 Tax on profit (5,103 ) 676 (4,427 ) Consolidated profit 9,826 (1,710 ) 8,116 Non-controlling interests 1,574 27 1,601 Attributable profit to the parent 8,252 (1,737 ) 6,515 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for a release of 31 million euros mainly corresponding to results from commitments and contingent risks, Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Explanation of adjustments: • Impairment of goodwill assigned to Santander UK and provisions for PPI in the UK, with a net impact of EUR -1,491 million and EUR -183 million , respectively, reflected in "Other gains (losses) and provisions". • Restructuring costs with a net impact of EUR - 864 million , which are included gross in "Other gains (losses) and provisions". • Losses related to the real estate assets and stakes in Spain, with a net impact of EUR -405 million which are included in the heading s "Other operating income" and "Other gains (losses) and provisions". • Provisions related to intangible assets and others, amounting to -174 million euros, which are included for their gross amount in the line "Other gains (losses) and provisions". • Capital gains on the sale of holdings in Prisma and on the integration of the custody business with a net impact of EUR 136 million and EUR 693 million , respectively, which are reflected grossly in "Other gains (losses) and provisions". • Positive impact of the change in Brazilian tax regulations, net of EUR 551 million , included in "Tax on profit". Million euros 2018 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 34,341 — 34,341 Net fee income 11,485 — 11,485 Gains (losses) on financial transactions* 1,797 — 1,797 Other operating income** 801 — 801 Total income 48,424 — 48,424 Administrative expenses, depreciation and amortisation (22,779 ) — (22,779 ) Net operating income*** 25,645 — 25,645 Net loan-loss provisions**** (8,873 ) — (8,873 ) Other gains (losses) and provisions***** (1,995 ) (576 ) (2,571 ) Operating profit/(loss) before tax 14,777 (576 ) 14,201 Tax on profit (5,230 ) 344 (4,886 ) Consolidated profit 9,547 (232 ) 9,315 Non-controlling interests 1,483 22 1,505 Attributable profit to the parent 8,064 (254 ) 7,810 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 113 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for a release of EUR 113 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations Explanation of adjustments • Restructuring costs: The net impact of EUR -300 million on Profit attributable to the Parent, relates to restructuring costs in connection with the integration of Banco Popular, S.A.U., as follows EUR -280 million in Spain, EUR -40 million in corporate center and EUR 20 million in Portugal. The corresponding gross impacts are reflected on the “Other gains (losses) and provisions” line above. • Negative goodwill in Poland: The negative goodwill of EUR 45 million , relates to the acquisition of the banking and private banking business of Deutsche Bank Polska, S.A. Million euros 2017 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 34,296 — 34,296 Net fee income 11,597 — 11,597 Gains (losses) on financial transactions* 1,704 (39 ) 1,665 Other operating income** 797 — 797 Total income 48,394 (39 ) 48,355 Administrative expenses, depreciation and amortisation (22,917 ) (76 ) (22,993 ) Net operating income*** 25,477 (115 ) 25,362 Net loan-loss provisions**** (9,111 ) (98 ) (9,209 ) Other gains (losses) and provisions***** (2,813 ) (1,249 ) (4,062 ) Operating profit/(loss) before tax 13,553 (1,462 ) 12,091 Tax on profit (4,588 ) 704 (3,884 ) Consolidated profit 8,965 (758 ) 8,207 Non-controlling interests 1,449 139 1,588 Attributable profit to the parent 7,516 (897 ) 6,619 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement – reclassification of financial assets at amortized cost. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of related party transactions | Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's executive vice presidents, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognised. Million euros 2019 2018 2017 Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Associates and joint ventures Members of the board of directors Executive vicepresidents Other related parties Assets: 9,659 — 26 104 7,202 — 30 256 6,048 — 21 300 Cash, cash balances at central banks and other deposits on demand 740 — — — — — — — — — — — Loans and advances: credit institutions 961 — — — 704 — — — 472 — — — Loans and advances: customers 6,950 — 26 104 6,142 — 30 256 5,081 — 21 279 Debt instruments 848 — — — 295 — — — 473 — — 21 Others 160 — — — 61 — — — 22 — — — Liabilities: 2,689 41 12 57 1,650 19 12 363 748 19 14 63 Financial liabilities: credit institutions 563 — — — 8 — — — 309 — — — Financial liabilities: customers 2,064 41 12 57 1,596 19 12 363 414 19 14 63 Marketable debt securities — — — — 8 — — — 4 — — — Others 62 — — — 38 — — — 21 — — — Income statement: 1,386 — — 2 993 — — 31 1,020 — — 14 Interest income 111 — — 1 73 — — 14 57 — — 8 Interest expense 15 — — — 3 — — 1 3 — — — Gains/losses on financial assets and liabilities and others 47 — — — 82 — — — 302 — — — Commission income 1,269 — — 1 853 — — 18 735 — — 6 Commission expense 26 — — — 12 — — — 71 — — — Other: 4,219 7 3 49 4,707 9 3 782 3,881 7 3 597 Contingent liabilities and others 17 5 2 38 21 7 1 508 6 6 1 352 Contingent commitments 197 1 1 6 393 1 2 64 301 1 2 60 Derivative financial instruments 4,005 1 — 5 4,293 1 — 210 3,574 — — 185 |
Risk management (Tables)
Risk management (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Risk management | |
Main credit risk aggregates arising on customer business | Main credit risk aggregates from customer business Main credit risk performance metrics from activity with customers December 2019 data Credit risk with customers * Non-performing loans NPL ratio 2019 2018 2017 2019 2018 2017 2019 2018 2017 Europe 722,661 688,810 671,776 23,519 25,287 27,964 3.25 3.67 4.16 Spain 213,668 227,401 237,327 14,824 16,651 18,270 6.94 7.32 7.70 UK 275,941 252,919 242,993 2,786 2,739 3,210 1.01 1.08 1.32 S. Consumer Finance 105,048 97,922 92,589 2,416 2,244 2,319 2.30 2.29 2.50 Portugal 37,978 38,340 39,394 1,834 2,279 2,959 4.83 5.94 7.51 Poland 33,566 30,783 24,391 1,447 1,317 1,114 4.31 4.28 4.57 North America 143,839 125,916 106,129 3,165 3,510 2,935 2.20 2.79 2.77 US 105,792 92,152 77,190 2,331 2,688 2,156 2.20 2.92 2.79 SBNA 56,640 51,049 44,237 389 450 536 0.69 0.88 1.21 SC USA 29,021 26,424 24,079 1,787 2,043 1,410 6.16 7.73 5.86 Mexico 38,047 33,764 28,939 834 822 779 2.19 2.43 2.69 South America 143,428 138,134 138,577 6,972 6,639 6,685 4.86 4.81 4.82 Brazil 88,893 84,212 83,076 4,727 4,418 4,391 5.32 5.25 5.29 Chile 42,000 41,268 40,406 1,947 1,925 2,004 4.64 4.66 4.96 Argentina 5,044 5,631 8,085 171 179 202 3.39 3.17 2.50 Santander Global Platform 706 340 96 4 4 4 0.63 1.21 4.56 Corporte Centre 5,872 4,953 5,369 138 252 8 2.34 5.09 0.15 Total Group 1,016,507 958,153 920,968 33,799 35,692 37,596 3.32 3.73 4.08 * Includes gross lending to customers, guarantees and documentary credits. |
Schedule of exposure and impairment losses by stage | In addition, depending on the transactions credit quality, the exposure is divided into three grades (investment, speculation and default): Exposure and impairment losses by stage EUR million 2019 Credit Quality* Stage 1 Stage 2 Stage 3 Total Investment grade 552,763 5,532 — 558,295 Speculation grade 306,880 47,365 — 354,245 Default — — 31,363 31,363 Total Risk ** 859,643 52,897 31,363 943,903 Impairment losses*** 3,980 4,311 13,276 21,567 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2018 Credit Quality* Stage 1 Stage 2 Stage 3 Total Investment grade 685,507 7,176 — 692,683 Speculation grade 222,495 47,439 — 269,935 Default — — 30,795 30,795 Total Risk ** 908,002 54,616 30,795 993,412 Impairment losses 3,823 4,644 12,504 20,970 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of changes in loss allowance and gross carrying amount | The changes in Financial assets at fair value through other comprehensive income (IFRS 9), and Financial assets available-for-sale (IAS 39) were as follows: Million euros 2019 2018* 2017 Balance at beginning of the year 2,671 3,169 5,487 Net additions (disposals) 221 (324 ) (331 ) Valuation adjustment and other items (29 ) (174 ) (366 ) Balance at end of year 2,863 2,671 4,790 * See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Schedule of maturity analysis of assets and guarantees received and committed | The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2019 (thousand of million of euros): Residual maturities of the liabilities unmatured <=1month >1month >3months >1year >2years 3years 5years >10years TOTAL Committed assets 32 43 8 80 65 29 24 20 20 322 Guarantees received 27 24 4 20 1 0 1 — — 77 |
Schedule of on and off-balance sheet assets provided as security in transactions to obtain liquidity | Encumbrance of collateral received Thousand of million 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 Collateral received 77.0 55.8 Loans and advances 0.8 — Equity instruments 5.6 8.2 Debt securities 70.6 47.6 Other collateral received — — Own debt securities issued other than own covered bonds or ABSs — 1.2 Encumbered assets and collateral received and matching liabilities Thousand of million of euros Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered Total sources of encumbrance (carrying amount) 302.5 398.6 The reported Group information as required by the EBA at 2019 year-end is as follows: On-balance-sheet encumbered assets Thousand of million of euros Carrying amount of encumbered assets Fair Value of encumbered assets Fair Value of non-encumbered assets Carrying amount of non-encumbered assets Loans and advances 215.9 906.2 Equity instruments 6.5 6.5 12.1 12.1 Debt securities 64.7 64.8 119.9 119.6 Other assets 34.4 163.0 Total assets 321.5 1,201.2 |
Schedule of regulatory capital | The key regulatory capital figures are indicated below: Reconciliation of accounting capital with regulatory capital Million of euros 2019 2018 2017 Subscribed capital 8,309 8,118 8,068 Share premium account 52,446 50,993 51,053 Reserves 56,526 53,988 52,577 Treasury shares (31 ) (59 ) (22 ) Attributable profit 6,515 7,810 6,619 Approved dividend (1,662 ) (2,237 ) (2,029 ) Shareholders’ equity on public balance sheet 122,103 118,613 116,265 Valuation adjustments (22,032 ) (22,141 ) (21,777 ) Non-controlling interests 10,588 10,889 12,344 Total Equity on public balance sheet 110,659 107,361 106,833 Goodwill and intangible assets (28,478 ) (28,644 ) (28,537 ) Eligible preference shares and participating securities 9,039 9,754 7,635 Accrued dividend (1,761 ) (1,055 ) (968 ) Other adjustments* (9,923 ) (9,700 ) (7,679 ) Tier 1 (Phase-in) 79,536 77,716 77,283 * Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR. The following table shows the Phase-in capital coefficients and a detail of the eligible internal resources of the Group: 2019 2018 2017 Capital coefficients Level 1 ordinary eligible capital (million of euros) 70,497 67,962 74,173 Level 1 additional eligible capital (million of euros) 9,039 9,754 3,110 Level 2 eligible capital (million of euros) 11,531 11,009 13,422 Risk-weighted assets (million of euros) 605,244 592,319 605,064 Level 1 ordinary capital coefficient (CET 1) 11.65 % 11.47 % 12.26 % Level 1 additional capital coefficient (AT1) 1.49 % 1.65 % 0.51 % Level 1 capital coefficient (TIER1) 13.14 % 13.12 % 12.77 % Level 2 capital coefficient (TIER 2) 1.91 % 1.86 % 2.22 % Total capital coefficient 15.05 % 14.98 % 14.99 % Eligible capital Million of euros 2019 2018 2017 Eligible capital Common Equity Tier I 70,497 67,962 74,173 Capital 8,309 8,118 8,068 (-) Treasure shares and own shares financed (63 ) (64 ) (22 ) Share Premium 52,446 50,993 51,053 Reserves 57,368 55,036 52,241 Other retained earnings (22,933 ) (23,022 ) (22,363 ) Minority interests 6,441 6,981 7,991 Profit net of dividends 3,092 4,518 3,621 Deductions (34,163 ) (34,598 ) (26,416 ) Goodwill and intangible assets (28,478 ) (28,644 ) (22,829 ) Others (5,685 ) (5,954 ) (3,586 ) Additional Tier I 9,039 9,754 3,110 Eligible instruments AT1 9,209 9,666 8,498 T1-excesses-subsidiaries (170 ) 88 347 Residual value of dividends — — (5,707 ) Others — — (27 ) Tier II 11,531 11,009 13,422 Eligible instruments T2 12,360 11,306 9,901 Gen. funds and surplus loans loss prov. IRB — — 3,823 T2-excesses - subsidiaries (829 ) (297 ) (275 ) Others — — (27 ) Total eligible capital 91,067 88,725 90,706 Note: Santander Bank and its affiliates had not taken part in any State aid programmes. |
Schedule of leverage capital and ratios | Million of euros 2019 2018 2017 Leverage Level 1 Capital 79,536 77,716 77,283 Exposure 1,544,614 1,489,094 1,463,090 Leverage Ratio 5.15 % 5.22 % 5.28 % |
Forborne loan portfolio | |
Risk management | |
Schedule of exposure to risk | CURRENT REFINANCING AND RESTRUCTURING BALANCES Amounts in million euros, except number of transactions that are in units Total Without real guarantee With real guarantee Maximum amount of the actual collateral that can be considered Impairment of accumulated value or accumulated losses in fair value due to credit risk Number of transactions Gross amount Number of transactions Gross amount Real estate guarantee Rest of real guarantees Credit entities — — — — — — — Public sector 43 31 15 10 7 — 2 Other financial institutions and: individual shareholder 630 200 350 90 13 19 35 Non-financial institutions and individual shareholder 161,353 5,413 45,474 11,438 6,339 2,271 5,029 Of which: financing for constructions and property development 6,427 190 1,293 847 554 21 392 Other warehouses 1,791,788 3,542 680,475 11,753 6,354 1,958 3,980 Total 1,953,814 9,185 726,314 23,290 12,714 4,248 9,045 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — 2019 Of which: Non-performing/Doubtful Without real guarantee With real guarantee Maximum amount of the actual collateral that can be considered Impairment of accumulated value or accumulated losses in fair value due to credit risk Number of transactions Gross amount Number of transactions Gross amount Real estate guarantee Rest of real guarantees — — — — — — — 13 3 9 4 3 — 1 315 179 240 43 9 3 33 93,803 3,406 32,199 7,189 3,586 867 4,590 4,077 144 938 629 350 9 378 1,062,900 1,823 155,288 4,630 2,643 357 2,558 1,157,031 5,411 187,736 11,865 6,241 1,227 7,181 — — — — — — — |
Schedule of changes in loss allowance and gross carrying amount | The table below shows the changes in 2019 in the forborne loan portfolio: Million euros 2019 Beginning balance 30,527 Refinancing and restructuring of the period 6,174 Memorandum item: impact recorded in the income statement for the period 2,684 Debt repayment (6,032 ) Foreclosure (564 ) Derecognised from the consolidated balance sheet (1,403 ) Others variations (5,272 ) Balance at end of year 23,430 |
Home purchase loans | |
Risk management | |
Schedule of exposure to risk | 2019 EUR million Gross amount Of which: non - performing Home purchase loans to families 62,236 2,649 Without mortgage guarantee 306 14 With mortgage guarantee 61,930 2,635 2018 EUR million Gross amount Of which: non - performing Home purchase loans to families 63,290 2,493 Without mortgage guarantee 545 54 With mortgage guarantee 62,745 2,439 |
Foreclosed Properties | |
Risk management | |
Schedule of exposure to risk | The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2019 : 2019 EUR million Gross carrying amount Valuation adjustments Of which: impairment losses on assets since time of foreclosure Carrying amount Property assets arising from financing provided to construction and property development companies 7,044 3,645 2,570 3,399 Of which: Completed buildings 2,306 873 616 1,433 Residential 575 166 108 409 Other 1,731 707 508 1,024 Buildings under construction 219 90 47 129 Residential 219 90 47 129 Other — — — — Land 4,519 2,682 1,907 1,837 Developed land 1,991 1,222 934 769 Other land 2,528 1,460 973 1,068 Property assets from home purchase mortgage loans to households 932 305 191 627 Other foreclosed property assets 250 86 51 164 Total property assets 8,226 4,036 2,812 4,190 |
Schedule of changes in loss allowance and gross carrying amount | The gross movement in foreclosed properties were as follows (in thousand of million of euros): 2019 2018 2017* Gross additions 0.7 0.8 1.4 Disposals (2.7 ) (1.8 ) (1.9 ) Difference (2.0 ) (1.0 ) (0.5 ) * Without considering the Blackstone transaction (see Note 3). |
Real estate operations in Spain | |
Risk management | |
Schedule of exposure to risk | 2019 Million euros Gross amount Excess of gross exposure over maximum recoverable amount of effective collateral Specific allowance Financing for construction and property development recognised by the Group's credit institutions (including land) (business in Spain) 2,939 435 115 Of which: watchlist/ non-performing 286 87 101 Memorandum items: Written-off assets 963 Memorandum items: Data from the public consolidated balance sheet EUR million 2019 Carrying amount Total loans and advances to customers excluding the Public sector (business in Spain) (Book value) 232,027 Total consolidated assets (Total business) (Book value) 1,522,695 Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) 1,349 |
Schedule of changes in loss allowance and gross carrying amount | In recent years the Group's strategy has been geared towards reducing these assets. The changes in gross property development loans to customers were as follows: EUR million 2019 2018 2017 Balance at beginning of year 4,812 6,472 5,515 Foreclosed assets (29 ) (100 ) (27 ) Banco Popular S.A.U. — — 2,934 Reductions* (1,685 ) (1,267 ) (1,620 ) Written-off assets (159 ) (293 ) (330 ) Balance at end of year 2,939 4,812 6,472 * Includes portfolio sales, cash recoveries and third-party subrogations and new production. |
Disclosure of concentrations | At year-end, the concentration of this portfolio was as follows: Loans: gross amount EUR million 2019 1. Without mortgage guarantee 146 2. With mortgage guarantee 2,793 2.1 Completed buildings 1,552 2.1.1 Residential 914 2.1.2 Other 638 2.2 Buildings and other constructions under construction 1,081 2.2.1 Residential 1,036 2.2.2 Other 45 2.3 Land 160 2.3.1 Developed consolidated land 109 2.3.2 Other land 51 Total 2,939 |
Santander Corporate and Investment Banking | |
Risk management | |
Schedule of evolution projection based on main macroeconomic indicators | The average evolution forecasted for the next years of the GDP projected for the next few years is presented, which has been used for the estimation of the expected losses, together with the weighting of each scenario: 2020 - 2024 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Global GDP Growth 3.0 % 3.6 % 3.8 % 2019 - 2023 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Global GDP Growth 2.7 % 3.6 % 4.2 % |
Schedule of weights used for current political and economic positions | Each macroeconomic scenarios is associated with a determined likelihood of occurrence. As for its allocation, Santander Corporate & Investment Banking associates the highest weight with the Base Scenario, while associating the lower weights with the more extreme scenarios. 2019 2018 Pessimistic scenario 30 % 20 % Base scenario 40 % 60 % Optimistic scenario 30 % 20 % |
SPAIN | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, depending on the current credit quality of the operations, the exposure is divided into three grades (Investment, speculation and default): Exposure and impairment losses per stage EUR million 2019 Credit Quality * Stage 1 Stage 2 Stage 3 TOTAL Investment grade 139,673 1,315 — 140,988 Speculation grade 42,603 9,115 — 51,718 Default — — 14,587 14,587 Total Exposure ** 182,276 10,430 14,587 207,293 Impairment losses*** 296 503 5,195 5,994 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses per stage EUR million 2018 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 171,266 289 — 171,555 Speculation grade 25,108 12,603 — 37,711 Default — — 14,941 14,941 Total Exposure ** 196,374 12,892 14,941 224,207 Impairment losses 366 768 5,565 6,699 * Detail of credit quality calculated for the purposes of Grupo Santander’s management ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of evolution projection based on main macroeconomic indicators | Spain for estimating expected losses is presented below: 2020 - 2024 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Interest rate 0.0 % 0.0 % 0.8 % Unemployment rate 13.7 % 11.7 % 9.6 % Housing price change (0.3 )% 1.6 % 3.2 % GDP growth 0.8 % 1.6 % 2.3 % 2019 - 2023 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Interest rate 0.3 % 0.7 % 1.2 % Unemployment rate 15.3 % 12.3 % 10.8 % Housing price change 0.5 % 2.2 % 3.8 % GDP growth 1.1 % 1.8 % 2.6 % |
Schedule of weights used for current political and economic positions | As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios: 2019 2018 Pessimistic scenario 30 % 30 % Base scenario 40 % 40 % Optimistic scenario 30 % 30 % |
SPAIN | Home purchase loans | |
Risk management | |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 b.p. for the macroeconomic variables used in the construction of the scenarios is as follows: Change in provision Mortgages Corporate GDP Growth -100 b.p. 13.57 % 4.23 % 100 b.p. (2.55 )% (0.23 )% Housing price change -100 b.p. 2.62 % 2.19 % 100 b.p. (1.02 )% (0.76 )% |
Disclosure of concentrations | Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value): 2019 Loan to value ratio Million euros Less than or equal to 40% More than 40% and less than 60% More than 60% and less than 80% More than 80% and less than or equal to 100% More than 100% Total Gross amount 16,211 18,652 17,947 5,398 3,722 61,930 Of which: watchlist /non-performing 228 297 422 435 1,253 2,635 |
BRAZIL | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, depending on the current credit quality of the operations, the exposure is divided into three grades (Investment, speculation and default): Exposure and impairment losses as of 31 December 2019 EUR million Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 45,764 308 — 46,072 Speculation grade 32,699 5,393 — 38,092 Default — — 4,727 4,727 Total Exposure ** 78,463 5,701 4,727 88,891 Impairment losses*** 1,054 732 2,931 4,717 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses as of 31 December 2018 EUR million Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 51,150 472 — 51,622 Speculation grade 56,884 5,334 — 62,218 Default — — 4,223 4,223 Total Exposure ** 108,034 5,806 4,223 118,063 Impairment losses 997 768 2,889 4,654 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted for the next five years of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows: 2020 - 2024 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Interest rate 8.7 % 5.6 % 4.5 % Unemployment rate 16.5 % 9.6 % 8.0 % Housing price change (1.2 )% 2.7 % 6.4 % GDP Growth (1.4 )% 2.4 % 4.4 % Burden income 21.7 % 20.4 % 19.0 % 2019 - 2023 Magnitudes Pessimistic scenario Base scenario Optimistic scenario Interest rate 11.0 % 7.7 % 6.0 % Unemployment rate 16.3 % 9.9 % 8.6 % Housing price change (1.4 )% 4.3 % 5.9 % GDP Growth (1.2 )% 2.4 % 3.5 % |
Schedule of weights used for current political and economic positions | Each macroeconomic scenario is associated with a determined likelihood of occurrence. Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios: 2019 2018 Pessimistic scenario 10 % 10 % Base scenario 80 % 80 % Optimistic scenario 10 % 10 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 b.p. for the macroeconomic variables used in the construction of the scenarios is as follows: Change in provision Consumer Corporate GDP Growth -100 b.p. 0.73 % 0.54 % 100 b.p. (0.20 )% (0.23 )% Burden income -100 b.p. (1.00 )% 0.07 % 100 b.p. 2.17 % 0.45 % |
Credit risk | |
Risk management | |
Disclosure of concentrations | The detail, by activity and geographical area of the Group's risk concentration at 31 December, 2019 is as follows: EUR million 31 December 2019 Total Spain Other EU countries America Rest of the world Central banks and Credit institutions 238,849 36,163 109,303 82,754 10,629 Public sector 173,706 52,635 40,285 76,061 4,725 Of which: Central government 153,830 42,752 36,409 69,980 4,689 Other central government 19,876 9,883 3,876 6,081 36 Other financial institutions (financial business activity) 120,962 17,073 69,336 32,558 1,995 Non-financial companies and individual entrepeneurs (non-financial business activity) (broken down by purpose) 400,371 117,943 127,494 139,236 15,698 Of which: Construction and property development 21,050 4,028 9,893 7,062 67 Civil engineering construction 6,270 3,195 1,979 959 137 Large companies 237,994 59,223 74,743 90,022 14,006 SMEs and individual entrepreneurs 135,057 51,497 40,879 41,193 1,488 Households – other (broken down by purpose) 523,072 88,980 300,261 125,268 8,563 Of which: Residential 333,043 62,349 228,677 41,099 918 Consumer loans 169,464 18,551 69,358 76,757 4,798 Other purposes 20,565 8,080 2,226 7,412 2,847 Total 1,456,960 312,794 646,679 455,877 41,610 * For the purposes of this table, the defnition of risk includes the following items in the public balance sheet: Loans and advances to credit institutions, Loans and advances to Central Banks, Loans and advances to Customers, Debt Instruments, Equity Instruments, trading Derivatives, Hedging derivatives, Investments and financial guarantees given. |
Sovereign Risk | |
Risk management | |
Schedule of exposure to risk | The exposure in the table below is disclosed following the latest amendments of the regulatory reporting framework carried out by the EBA, which entered into force in 2019 : 2019 2018 Portfolio Financial assets held for Financial assets Financial Non- trading financial assets mandatorily at fair value Total net direct Total net direct Spain 5,204 19,961 10,201 — 35,366 49,640 Portugal (746 ) 5,450 3,985 — 8,689 8,753 Italy 643 1,631 461 — 2,735 261 Greece — — — — — — Ireland — — — — — — Rest Eurozone (313 ) 1,679 443 — 1,809 2,778 UK 740 1,402 8,221 — 10,363 10,869 Poland 22 8,313 31 — 8,366 11,229 Rest of Europe (2 ) 120 659 — 777 329 US 794 10,463 5,042 — 16,299 8,682 Brazil 3,483 21,250 4,265 — 28,998 27,054 Mexico 4,366 8,350 957 — 13,673 10,415 Chile 320 2,759 381 — 3,460 1,776 Rest of America 9 249 771 — 1,029 893 Rest of the World 0 3,832 981 — 4,813 6,222 Total 14,520 85,459 36,398 — 136,377 138,901 |
Trading market risk | |
Risk management | |
Schedule of exposure to risk | The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metric s: Main market Balance VaR Other Main risk factors for 'Other' balance Assets subject to market risk Cash, cash balances at central banks and other deposits on demand 101,067 101,067 Interest rate Financial assets held for trading 108,230 107,522 708 Interest rate, spread Non-trading financial assets mandatorily at fair value through profit or loss 4,911 3,310 1,601 Interest rate, Equity market Financial assets designated at fair value through profit or loss 62,069 61,405 664 Interest rate Financial assets at fair value through other comprehensive income 125,708 125,708 Interest rate, spread Financial assets measured at amortised cost 995,482 995,482 Interest rate Hedging derivatives 7,216 7,216 — Interest rate, exchange Changes in the fair value of hedged items in portfolio hedges of interest risk 1,702 1,702 Interest rate Other assets 116,310 Total assets 1,522,695 Liabilities subject to market risk Financial liabilities held for trading 77,139 76,849 290 Interest rate, spread Financial liabilities designated at fair value through profit or loss 60,995 60,211 784 Interest rate Financial liabilities at amortised cost 1,230,745 1,230,745 Interest rate, spread Hedging derivatives 6,048 6,048 — Interest rate, exchange Changes in the fair value hedged items in portfolio hedges of interest rate risk 269 269 Interest rate Other liabilities 36,840 Total liabilities 1,412,036 Total equity 110,659 |
Disclosure of concentrations by risk factor | The following table displays the latest and average VaR values at 99% by risk factor over the last three years, the lowest and highest values in 2019 and the ES at 97.5% as of the end of December 2019: VaR statistics and Expected Shortfall by risk factor A EUR million. VaR at 99% and ES at 97.5% with one day time horizon 2019 2018 2017 VaR (99%) ES (97.5%) VaR VaR Min Average Max Latest Latest Average Latest Average Latest Total Trading 7.1 12.1 21.6 10.3 9.5 9.7 11.3 21.5 10.2 Diversification effect (4.3 ) (8.2 ) (24.6 ) (9.9 ) (8.8 ) (9.3 ) (11.5 ) (8.0 ) (7.6 ) Interest rate 6.6 10.0 17.6 9.2 7.6 9.4 9.7 16.2 7.9 Equities 1.0 2.9 15.3 4.8 4.6 2.4 2.8 3.0 1.9 Exchange rate 1.8 3.9 8.4 2.6 2.8 3.9 6.2 6.6 3.3 Credit spread 2.1 3.4 4.8 3.5 3.2 3.4 4.1 3.6 4.6 Commodities 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Total Europe 4.2 6.3 11.6 10.1 6.8 5.0 5.5 6.8 6.3 Diversification effect (2.9 ) (6.9 ) (15.2 ) (8.3 ) (8.8 ) (6.7 ) (8.2 ) (6.1 ) (6.1 ) Interest rate 3.6 6.0 12.8 8.2 6.5 5.0 5.8 6.1 5.7 Equities 0.4 1.9 5.1 4.9 4.4 1.1 1.2 1.1 0.5 Exchange rate 1.0 1.9 3.8 1.9 1.4 1.7 2.1 2.0 1.4 Credit spread 2.1 3.4 5.1 3.5 3.2 3.9 4.6 3.7 4.7 Commodities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total North America 1.5 3.5 5.1 3.8 4.0 7.2 8.3 7.6 4.3 Diversification effect (0.4 ) (1.3 ) (3.6 ) (2.1 ) (1.2 ) (4.8 ) (2.7 ) (4.7 ) (3.5 ) Interest rate 1.5 2.6 4.0 3.4 2.6 6.4 7.7 7.6 4.6 Equities 0.1 0.2 0.6 0.1 0.1 0.1 0.0 0.4 0.0 Exchange rate 0.4 2.0 4.1 2.4 2.4 5.5 3.3 4.2 3.3 Total South America 5.5 9.5 20.7 6.0 6.1 7.2 10.0 18.7 7.8 Diversification effect (0.4 ) (2.9 ) (13.4 ) (3.8 ) (2.6 ) (3.5 ) (2.3 ) (2.9 ) (3.4 ) Interest rate 4.9 7.8 19.6 5.9 5.4 6.4 6.6 14.8 7.4 Equities 0.4 2.0 7.0 1.7 1.6 2.5 2.9 3.2 1.9 Exchange rate 0.6 2.6 7.6 2.1 1.7 1.9 2.9 3.5 2.0 A. In South America and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality. |
Structural risks | |
Risk management | |
Disclosure of concentrations by risk factor | In general the structural VaR is not significant according to the assets amounts or capital of the Group: Structural VaR EUR million. Structural VaR 99% with a temporary horizon of one day. 2019 2018 2017 Min Average Max Latest Average Latest Average Latest Structural VaR 438.2 511.4 729.1 729.1 568.5 556.8 878.0 815.7 Diversification effect (225.5 ) (304.2 ) (404.3 ) (402.0 ) (325.0 ) (267.7 ) (337.3 ) (376.8 ) VaR interest rate* 224.7 345.6 629.7 629.7 337.1 319.5 373.9 459.6 VaR exchange rate 283.5 308.1 332.1 331.7 338.9 324.9 546.9 471.2 VaR equities 155.5 161.9 171.7 169.8 217.6 180.1 294.5 261.6 * Includes credit spread VaR on ALCO portfolios. |
Santander UK plc | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, depending on the current operations credit quality, the exposure is divided into three grades (investment, speculation and default): Exposure and impairment losses by stage EUR million 2019 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 238,985 2,032 — 241,017 Speculation grade 40,281 12,543 — 52,824 Default — — 2,821 2,821 Total Exposure ** 279,266 14,575 2,821 296,662 Impairment losses*** 117 470 588 1,175 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2018 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 225,929 1,900 — 227,829 Speculation grade 34,655 11,514 — 46,169 Default — — 2,795 2,795 Total Exposure ** 260,584 13,415 2,795 276,793 Impairment losses 224 335 335 894 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below: 2020 - 2024 Magnitudes Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario 1 Optimistic scenario 2 Interest rate 2.6 % 1.8 % 0.9 % 1.8 % 1.9 % Unemployment rate 7.3 % 5.1 % 4.0 % 3.1 % 2.6 % Housing price change (0.1 )% (0.01 )% 0.02 % 0.04 % 0.06 % GDP growth 0.01 % 0.01 % 0.02 % 0.02 % 0.03 % 2019-2023 Magnitudes Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario 1 Optimistic scenario 2 Interest rate 2.3 % 2.5 % 1.5 % 1.3 % 1.0 % Unemployment rate 8.6 % 6.9 % 4.3 % 3.8 % 2.8 % Housing price change (9.5 )% (2.0 )% 2.0 % 2.3 % 3.4 % GDP growth 0.3 % 0.7 % 1.6 % 2.1 % 2.5 % |
Schedule of weights used for current political and economic positions | In addition, at December 31, 2019 , the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios: 2019 2018 Pessimistic scenario 2 15 % 10 % Pessimistic scenario 1 30 % 30 % Base scenario 40 % 40 % Optimistic scenario 1 10 % 15 % Optimistic scenario 2 5 % 5 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 b.p. for the macroeconomic variables used in the construction of the scenarios is as follows: Change in provision Mortgages GDP Growth -100 b.p. 13.11 % 100 b.p. (5.01 )% Housing price change -100 b.p. 7.16 % 100 b.p. (2.95 )% Unemployment rate -100 b.p. (8.01 )% 100 b.p. 16.86 % |
Santander Bank, National Association | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, depending on the current credit quality of the operations, the exposure is divided into three grades (Investment, speculation and default): Exposure and impairment losses by stage EUR million 2019 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 27,078 763 — 27,841 Speculation grade 32,273 3,964 — 36,237 Default — — 419 419 Total Exposure** 59,351 4,727 419 64,497 Impairment losses*** 265 208 71 544 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2018 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 5,149 — — 5,149 Speculation grade 60,391 3,784 — 64,175 Default — — 448 448 Total Exposure** 65,540 3,784 448 69,772 Impairment losses 233 204 105 542 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of evolution projection based on main macroeconomic indicators | The evolution projected for the next five years of the main macroeconomic indicators used Santander Bank, National Association to estimate expected losses is presented below: 2020 - 2024 Magnitudes Unfavourable scenario 2 Unfavourable scenario 1 Base scenario Favourable scenario Interest rate (annual averaged) 1.1 % 2.2 % 2.3 % 2.7 % Unemployment rate 7.7 % 2.7 % (0.9 )% (2.1 )% House price change 2.6 % 3.7 % 4.5 % 4.7 % GDP growth 1.6 % 2.1 % 2.1 % 2.8 % 2019-2023 Magnitudes Unfavourable scenario Base scenario Favourable scenario Interest rate (annual averaged) 1.3 % 2.8 % 3.6 % Unemployment rate 6.9 % 4.2 % 3.8 % House price change 2.2 % 3.9 % 3.9 % GDP growth 1.5 % 2.1 % 2.8 % Each of the macroeconomic scenarios is associated with a |
Schedule of weights used for current political and economic positions | As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios: 2019 2018 Pessimistic scenario 2 17.5 % 20 % Pessimistic scenario 1* 20 % n.a. Base scenario 32.5 % 60 % Optimistic scenario 30 % 20 % * The exercise carried out in 2019 includes two adverse scenarios compared to one in 2018, due to the evolution of the local methodology. |
Santander Consumer USA Holdings Inc. | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, depending on the current credit quality of the operations, the exposure is divided into three grades (Investment, speculation and default): Exposure and impairment losses by stage EUR million 2019 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 1,029 14 — 1,043 Speculation grade 20,083 6,277 — 26,360 Default — — 1,600 1,600 Total Exposure ** 21,112 6,291 1,600 29,003 Impairment losses*** 859 1,503 731 3,093 * Detail of credit quality ratings calculated for Group management purposes. ** Credit to Customers (Amortized Cost and FV through OCI) + Off Balance Sheet with Customers (Financial Guarantees, Technical Guarantees and Letters of Credit), (including temporary asset acquisitions). *** Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2018 Credit Quality * Stage 1 Stage 2 Stage 3 Total Investment grade 224 — — 224 Speculation grade 20,313 6,600 — 26,913 Default — — 2,218 2,218 Total Exposure ** 20,537 6,600 2,218 29,355 Impairment losses 824 1,720 667 3,211 * Detail of credit quality ratings calculated for Group management purposes. ** Amortised cost assets + Loans and advances + loan commitments granted. |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted for the next five years of the main macroeconomic indicators used by in Santander Consumer USA Holdings Inc in the estimation of expected losses is shown below: 2020 - 2024 Magnitudes Unfavourable scenario 1 Unfavourable scenario 2 Base scenario Favourable scenario Interest rate (year averaged) 1.1 % 2.2 % 2.3 % 2.7 % Unemployment rate 7.7 % 2.7 % (0.9 )% (2.1 )% Housing price growth 2.6 % 3.7 % 4.5 % 4.7 % GDP Growth 1.6 % 2.1 % 2.1 % 2.8 % Manheim index A (1.2 )% 0.5 % 1.6 % 3.1 % A. US used vehicle price car index 2019 - 2023 Magnitudes Unfavourable scenario Base scenario Favourable scenario Interest rate (year averaged) 1.3 % 2.8 % 3.6 % Unemployment rate 6.9 % 4.2 % 3.8 % Housing price growth 2.2 % 3.9 % 3.9 % GDP Growth 1.5 % 2.1 % 2.8 % |
Schedule of weights used for current political and economic positions | Each of the macroeconomic scenarios is associated with a given probability of occurrence. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios: 2019 2018 Pessimistic scenario 2 17.5 % 20 % Pessimistic scenario 1* 20 % n.a. Base scenario 32.5 % 60 % Optimistic scenario 30 % 20 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 b.p. for the macroeconomic variables used in the construction of the scenarios is as follows: Change in provision SC Auto GDP Growth -100 b.p. 5.73 % 100 b.p. (0.74 )% Manheim index -100 b.p. 1.02 % 100 b.p. (1.88 )% Unemployment rate -100 b.p. (0.55 )% 100 b.p. 0.15 % |
Additional disclosures (Tables)
Additional disclosures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Parent Company Financial Statements And Preference Shares And Preferred Securities [Abstract] | |
Condensed Balance Sheet | Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2019 , 2018 and 2017 CONDENSED BALANCE SHEETS (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) Assets Cash and due from banks 85,922 105,660 76,690 Of which: To bank subsidiaries 13,875 16,339 20,818 Trading account assets 86,583 70,825 64,326 Investment securities 44,020 61,064 49,194 Of which: To bank subsidiaries 9,504 11,084 6,474 To non-bank subsidiaries 3,450 4,581 3,729 Net Loans and leases 276,330 263,142 197,591 Of which: To non-bank subsidiaries 28,690 26,505 33,113 Investment in affiliated companies 87,330 81,734 85,428 Of which: To bank subsidiaries 59,364 69,118 65,567 To non-bank subsidiaries 27,966 12,616 19,861 Premises and equipment, net 7,131 2,410 1,929 Other assets 22,600 23,541 17,257 Total assets 609,916 608,376 492,415 Liabilities Deposits 345,975 350,786 256,389 Of which: To bank subsidiaries 14,705 18,526 20,391 To non-bank subsidiaries 15,518 13,655 13,115 Short-term debt 20,547 30,883 40,540 Long-term debt 83,906 75,600 53,023 Total debt 104,453 106,483 93,563 Of which: To bank subsidiaries — 2,874 1,138 To non-bank subsidiaries 1,667 998 2,966 Other liabilities 89,265 82,340 71,896 Total liabilities 539,693 539,609 421,848 Stockholders' equity Capital stock 8,309 8,118 8,068 Retained earnings and other reserves 61,914 60,649 62,499 Total stockholders' equity 70,223 68,767 70,567 Total liabilities and Stockholders’ Equity 609,916 608,376 492,415 |
Condensed Income Statement | Following are the condensed statements of income of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 . Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) Interest income Interest from earning assets 8,009 7,660 5,733 Dividends from affiliated companies 5,959 3,872 3,320 Of which: From bank subsidiaries 3,019 2,874 2,580 From non-bank subsidiaries 2,940 998 740 13,968 11,532 9,053 Interest expense (4,108 ) (3,861 ) (3,204 ) Interest income / (Charges) 9,860 7,671 5,849 Provision for credit losses (1,246 ) (686 ) (451 ) Interest income / (Charges) after provision for credit losses 8,614 6,985 5,398 Non-interest income: 4,132 3,972 3,872 Non-interest expense: (9,168 ) (7,573 ) (6,293 ) Income before income taxes 3,578 3,384 2,977 Income tax expense (48 ) (83 ) 29 Net income 3,530 3,301 3,006 |
Condensed Statement of Comprehensive Income | Following are the condensed statement of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 : Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) NET INCOME 3,530 3,301 3,006 OTHER COMPREHENSIVE INCOME 119 (410 ) (356 ) Items that may be reclassified subsequently to profit or loss 422 (348 ) (341 ) Financial assets available-for-sale — — (625 ) Revaluation gains/(losses) — — (283 ) Amounts transferred to income statement — — (342 ) Other reclassifications — — — Hedging instruments (items not designated) — — — Revaluation gains (losses) — — — Amounts transferred to income statement — — — Other reclassifications — — — Debt instruments at fair value with changes in other comprehensive income 724 (634 ) — Revaluation gains (losses) 698 (135 ) — Amounts transferred to income statement (592 ) (499 ) — Other reclassifications 618 — — Cash flow hedges: (117 ) 137 (7 ) Revaluation gains/(losses) (205 ) 153 (7 ) Amounts transferred to income statement 88 (16 ) — Amounts transferred to initial carrying amount of hedged items — — — Other reclassifications — — — Hedges of net investments in foreign operations: — — — Exchange differences — — — Non-current assets held for sale — — — Income tax (185 ) 149 291 Items that will not be reclassified to profit or loss: (303 ) (62 ) (15 ) Actuarial gains/(losses) on pension plans (327 ) 43 (23 ) Rest of valuation adjustments (133 ) (78 ) — Income tax relating to items that will not be reclassified 157 (27 ) 8 TOTAL COMPREHENSIVE INCOME 3,649 2,891 2,650 |
Condensed Cash Flow Statement | Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2019 , 2018 and 2017 . Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2019 31 December 2018 31 December 2017 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 3,530 3,301 3,006 Adjustments to profit 2,206 11,576 1,824 Net increase/decrease in operating assets (13,370 ) (17,566 ) (10,430 ) Net increase/decrease in operating liabilities 45 13,411 21,915 Reimbursements/payments of income tax 743 (279 ) (839 ) Total net cash flows from operating activities (1) (6,846 ) 10,443 15,476 2. Cash flows from investing activities Investments (-) (7,094 ) (1,472 ) (8,818 ) Divestments (+) 1,952 10,197 4,995 Total net cash flows from investment activities (2) (5,142 ) 8,725 (3,823 ) 3. Cash flows from financing activities Issuance of own equity instruments — — 7,072 Disposal of own equity instruments 829 805 1,004 Acquisition of own equity instruments (829 ) (816 ) (972 ) Issuance of debt securities 1,056 2,750 2,894 Redemption of debt securities (4,578 ) (827 ) (764 ) Dividends paid (3,773 ) (3,118 ) (2,665 ) Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (382 ) (2 ) 532 Total net cash flows from financing activities (3) (7,677 ) (1,208 ) 7,101 4. Effect of exchange rate changes on cash and cash equivalents (4) 205 237 (655 ) 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) (19,460 ) 18,197 18,099 Cash and cash equivalents at beginning of period 51,931 33,734 15,635 Cash and cash equivalents at end of period 32,471 51,931 33,734 |
Schedule of preferred shares and securities | The following table shows the balance of the preference shares and preferred securities as of December 31, 2019 , 2018 and 2017 : 2019 2018 2017 (Millions of Euros) Preference shares 321 345 404 Preferred securities 7,709 9,717 8,369 Total at period-end 8,030 10,063 8,773 |
Schedule of preferred shares and securities by issuer | Outstanding at 31 December 2019 Preference Shares Issuer/Date of issue Currency Amount in currency (million) Interest rate Redemption Santander UK plc, October 1995 Pounds Sterling 80.3 10.375% No option Santander UK plc, February 1996 Pounds Sterling 80.3 10.375% No option Santander Bank, National Association, August 2000 US Dollar 153.0 12.00% 16 May 2020 Outstanding at 31 December 2019 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A. Banco Santander, S.A., March 2014 Euro 1,500.0 6.250% (B) Perpetuity Banco Santander, S.A., September 2014 Euro 1,500.0 6.250% (C) Perpetuity Banco Santander, S.A., April 2017 Euro 750.0 6.750% (D) Perpetuity Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (E) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (F) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (G) Perpetuity Santander Finance Preferred, S.A. (Unipersonal), September 2004 Euro 144.0 €CMS 10 +0.05% subject to a maximum distribution of 8% per annum Perpetuity Santander Finance Preferred, S.A. (Unipersonal), March 2007 (H) US Dollar 210.4 US3M + 0.52% Perpetuity Santander Finance Preferred, S.A. (Unipersonal), July 2007 Pounds Sterling 4.9 7.010% Perpetuity A. From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor. B. Payment is subject to certain conditions and to the discretion of the Bank. The 6.25% interest rate is set for the first five years . After that, it will be reviewed by applying a margin of 5.41 basis points on the 5-year Mid-Swap Rate . C. Payment is subject to certain conditions and to the discretion of the Bank. The 6.25% interest rate is set for the first seven years . After that, it will be reviewed by applying a margin of 5.640 basis points on the 5-year Mid-Swap Rate . D. Payment is subject to certain conditions and to the discretion of the Bank. The 6.75% interest rate is set for the first five years . After that, it will be reviewed by applying a margin of 6.803 basis points on the 5-year Mid-Swap Rate . E. Payment is subject to certain conditions and to the discretion of the Bank. The 5.25% interest rate is set for the first six years . After that, it will be reviewed by applying a margin of 4.999 basis points on the 5-year Mid-Swap Rate . F. Payment is subject to certain conditions and to the discretion of the Bank. The 4.75% interest rate is set for the first seven years . After that, it will be reviewed by applying a margin of 4.097 basis points on the 5-year Mid-Swap Rate . G. Payment is subject to certain conditions and to the discretion of the Bank. The 7.50% interest rate is set for the first five years . After that, it will be reviewed every 5 years by applying a margin of 498.9 basis point on the five-year Mid-Swap Rate . H. Listed in the US. |
Introduction, basis of presen_3
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Introduction (Details) | 12 Months Ended |
Dec. 31, 2019companysubsidiary | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Number of subsidiaries | subsidiary | 685 |
Number of other components | company | 169 |
Introduction, basis of presen_4
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Reconciliation of operating leases (Details) - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||||
Weighted average discount rate | 4.50% | ||||
Reconciliation Of Lease Liabilities Roll Forward [Roll Forward] | |||||
Operating lease commitments at 31 December 2018 | € 8,699 | ||||
Amount of operating lease commitments discounted by the Group rate | € 19,221 | 6,550 | |||
Liabilities under finance lease at 31 December 2018 | 96 | ||||
Short-term leases recognised as expenses on a straight-line basis | € (20) | ||||
Low-value leases recognised as expenses on a straight-line basis | (2) | ||||
Contracts revalued as service contracts | 0 | ||||
Adjustments resulting from different treatment of extension and termination options | 556 | ||||
Adjustments related to changes in the index or rate affecting variable payments | 0 | 24 | 26 | € 21 | |
Lease liabilities | 7,180 | € 5,108 | € 190 | € 202 | |
Adjustments due to changes in accounting policies | (391) | € (1,340) | |||
CET1 phase-in percentage | 11.65% | 11.47% | 12.26% | ||
Other reserves | |||||
Reconciliation Of Lease Liabilities Roll Forward [Roll Forward] | |||||
Adjustments due to changes in accounting policies | (391) | € (1,473) | |||
IFRS 16 | |||||
Reconciliation Of Lease Liabilities Roll Forward [Roll Forward] | |||||
Lease liabilities | 7,084 | ||||
Right-of-use assets | 6,693 | ||||
Adjustments due to changes in accounting policies | € 6,693 | ||||
CET1 phase-in percentage | 0.20% | ||||
IFRS 16 | Other reserves | |||||
Reconciliation Of Lease Liabilities Roll Forward [Roll Forward] | |||||
Adjustments due to changes in accounting policies | € 391 |
Introduction, basis of presen_5
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - IBOR Reform (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | € 6,169,917 | € 5,791,733 | € 4,714,509 |
IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 135,819 | ||
Cash flow hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 52,184 | ||
Fair value hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 83,635 | ||
Cash flow hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 24,975 | ||
Fair value hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 67,497 | ||
Hedging instruments with maturity after the transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 92,472 | ||
GBP LIBOR | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 92,706 | ||
GBP LIBOR | Cash flow hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 28,077 | ||
GBP LIBOR | Fair value hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 64,629 | ||
GBP LIBOR | Cash flow hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 15,692 | ||
GBP LIBOR | Fair value hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 53,180 | ||
GBP LIBOR | Hedging instruments with maturity after the transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 68,872 | ||
USD LIBOR | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 37,652 | ||
USD LIBOR | Cash flow hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 21,894 | ||
USD LIBOR | Fair value hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 15,758 | ||
USD LIBOR | Cash flow hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 7,421 | ||
USD LIBOR | Fair value hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 11,467 | ||
USD LIBOR | Hedging instruments with maturity after the transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 18,888 | ||
Others | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 5,461 | ||
Others | Cash flow hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 2,213 | ||
Others | Fair value hedges | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 3,248 | ||
Others | Cash flow hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 1,863 | ||
Others | Fair value hedges, maturing after transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | 2,849 | ||
Others | Hedging instruments with maturity after the transition date | IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Derivative, notional amount | € 4,712 |
Introduction, basis of presen_6
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Classification and measurement of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure of initial application of standards or interpretations [line items] | |||||
Financial assets measured at fair value through other comprehensive income | € 122,845 | € 118,420 | |||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 4,911 | 10,730 | [1] | € 4,987 | |
FINANCIAL ASSETS HELD FOR TRADING | 108,230 | 92,879 | [1] | 125,618 | € 125,458 |
FINANCIAL LIABILITIES HELD FOR TRADING | 77,139 | 70,343 | [1] | 107,634 | 107,624 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 62,069 | 57,460 | [1] | 42,075 | 34,782 |
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | |
Equity instruments | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,350 | 3,260 | [1] | 2,584 | |
FINANCIAL ASSETS HELD FOR TRADING | 12,437 | 8,938 | [1] | 21,353 | 21,353 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 933 | ||||
Equity instruments | Under IAS 39 before adjustment for classification and measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Financial assets available for sale to non-trading assets at FVTPL | 2,154 | ||||
Loans and receivables to non-trading assets at FVTPL | 1,537 | ||||
Loans and receivables to assets at FVTOCI | 457 | ||||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 96 | ||||
Equity instruments | Under IFRS 9 After Adjustment For Classification And Measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Financial assets available for sale to non-trading assets at FVTPL | 1,651 | ||||
Financial assets measured at fair value through other comprehensive income | 533 | ||||
Loans and receivables to non-trading assets at FVTPL | 1,497 | ||||
Loans and receivables to assets at FVTOCI | 486 | ||||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 96 | ||||
Debt instruments | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Financial assets measured at fair value through other comprehensive income | 118,405 | 116,819 | |||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,175 | 5,587 | [1] | 1,792 | |
FINANCIAL ASSETS HELD FOR TRADING | 32,041 | 27,800 | [1] | 36,554 | 36,351 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,186 | 3,222 | [1] | 3,286 | 3,485 |
Financial assets at amortised cost | 29,789 | 37,696 | [1] | 35,772 | |
Debt instruments | Under IAS 39 before adjustment for classification and measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Loans and receivables to non-trading assets at FVTPL | 10,179 | ||||
Financial assets available for sale to assets at amortized cost | 6,589 | ||||
FINANCIAL ASSETS HELD FOR TRADING | 203 | ||||
FINANCIAL LIABILITIES HELD FOR TRADING | 199 | ||||
Financial assets at amortized cost from investments held to maturity | 13,491 | ||||
Debt instruments | Under IFRS 9 After Adjustment For Classification And Measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Loans and receivables to non-trading assets at FVTPL | 611 | ||||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 199 | ||||
Financial assets available for sale to assets at amortized cost | 6,704 | ||||
FINANCIAL ASSETS HELD FOR TRADING | 203 | ||||
Financial assets at amortized cost from investments held to maturity | 13,491 | ||||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 9,577 | ||||
Loans and advances | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Financial assets measured at fair value through other comprehensive income | 4,440 | 1,601 | |||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 386 | 1,883 | [1] | 611 | |
FINANCIAL ASSETS HELD FOR TRADING | 355 | 202 | [1] | 10,468 | 10,511 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 58,883 | 54,238 | [1] | 38,789 | 30,364 |
Financial assets at amortised cost | 965,693 | 908,403 | [1] | 873,322 | |
Loans and advances | Under IAS 39 before adjustment for classification and measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Loans and receivables to assets at FVTOCI | 1,069 | ||||
FINANCIAL ASSETS HELD FOR TRADING | 43 | ||||
FINANCIAL LIABILITIES HELD FOR TRADING | 1,152 | ||||
Loans and advances | Under IFRS 9 After Adjustment For Classification And Measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Loans and receivables to assets at FVTOCI | 1,107 | ||||
Financial assets at amortised cost | 1,102 | ||||
Derivatives | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | € 63,016 | € 55,341 | [1] | 57,902 | 57,892 |
Derivatives | Under IAS 39 before adjustment for classification and measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | € 10 | ||||
Derivatives | Under IFRS 9 After Adjustment For Classification And Measurement | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | € 10 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Introduction, basis of presen_7
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Reconciliation of impairment provisions from IAS 39 to IFRS 9 (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 02, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | € 995,482 | € 946,099 | [1] | € 909,094 | |||
Financial assets measured at fair value through other comprehensive income | 122,845 | 118,420 | |||||
PROVISIONS | 13,987 | 13,225 | [1] | 14,686 | € 14,489 | € 14,459 | |
Joint ventures entities | 1,325 | 979 | [1] | 1,987 | |||
Under IAS 39 Before Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 24,682 | ||||||
Financial assets measured at fair value through other comprehensive income | 0 | ||||||
Total impairment impact | 25,299 | ||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | (1,982) | ||||||
PROVISIONS | 197 | ||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 1,974 | ||||||
Financial assets measured at fair value through other comprehensive income | 2 | ||||||
Total impairment impact | 2,173 | ||||||
Joint ventures entities | € (34) | ||||||
Under IFRS 9 After Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 26,656 | ||||||
Financial assets measured at fair value through other comprehensive income | 2 | ||||||
Total impairment impact | 27,472 | ||||||
Loans and advances | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 965,693 | 908,403 | [1] | 873,322 | |||
Financial assets measured at fair value through other comprehensive income | 4,440 | 1,601 | |||||
Loans and advances | Under IAS 39 Before Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 23,952 | ||||||
Loans and advances | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | (2,002) | ||||||
Loans and advances | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 2,002 | ||||||
Loans and advances | Under IFRS 9 After Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 25,954 | ||||||
Debt instruments | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 29,789 | 37,696 | [1] | 35,772 | |||
Financial assets measured at fair value through other comprehensive income | 118,405 | 116,819 | |||||
Debt instruments | Under IAS 39 Before Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 730 | ||||||
Financial assets measured at fair value through other comprehensive income | 0 | ||||||
Debt instruments | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 20 | ||||||
Debt instruments | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | (28) | ||||||
Financial assets measured at fair value through other comprehensive income | 2 | ||||||
Debt instruments | Under IFRS 9 After Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
Financial assets at amortised cost | 702 | ||||||
Financial assets measured at fair value through other comprehensive income | 2 | ||||||
Provision for contingent liabilities and commitments | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
PROVISIONS | € 739 | € 779 | [1] | 814 | 617 | € 459 | |
Provision for contingent liabilities and commitments | Under IAS 39 Before Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
PROVISIONS | € 617 | ||||||
Provision for contingent liabilities and commitments | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
PROVISIONS | 197 | ||||||
Provision for contingent liabilities and commitments | Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
PROVISIONS | 197 | ||||||
Provision for contingent liabilities and commitments | Under IFRS 9 After Adjustment For Impairment | Accumulated impairment | |||||||
Disclosure of initial application of standards or interpretations [line items] | |||||||
PROVISIONS | € 814 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Introduction, basis of presen_8
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - B/S reconciliation, etc. (Details) € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Sep. 24, 2019USD ($) | Jan. 01, 2019EUR (€) | Dec. 31, 2018EUR (€) | Jan. 01, 2018EUR (€) | Dec. 31, 2017EUR (€) | Nov. 07, 2017EUR (€) | Sep. 08, 2017EUR (€) | Jul. 03, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||||
ASSETS | ||||||||||||||
Cash and cash equivalents | € 101,067 | € 113,663 | [1],[2] | € 110,995 | € 110,995 | [2] | € 76,454 | |||||||
Financial assets held for trading | 108,230 | 92,879 | [1] | 125,618 | 125,458 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | ||||||||||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 | |||||||||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | ||||||||||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | |||||||||||
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | ||||||||||
LOANS AND RECEIVABLES | 903,013 | |||||||||||||
Held-to-maturity investments | 13,491 | |||||||||||||
Investments | 6,150 | 6,184 | ||||||||||||
Other assets | 117,797 | 117,111 | ||||||||||||
TOTAL ASSETS | 1,522,695 | 1,459,271 | [1] | 1,443,069 | 1,444,305 | |||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 77,139 | 70,343 | [1] | 107,634 | 107,624 | |||||||||
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | 1,171,630 | [1] | 1,126,069 | 1,126,069 | |||||||||
Hedging derivatives, Liabilities | 6,048 | 6,363 | [1] | 8,034 | 8,044 | |||||||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 269 | 303 | [1] | 330 | 330 | |||||||||
Provisions | 13,987 | 13,225 | [1] | 14,686 | 14,489 | 14,459 | ||||||||
Other liabilities | 21,338 | 21,300 | ||||||||||||
TOTAL LIABILITIES | 1,412,036 | 1,351,910 | [1] | 1,337,707 | 1,337,472 | |||||||||
EQUITY | ||||||||||||||
SHAREHOLDERS´ EQUITY | 122,103 | 118,613 | [1] | 116,265 | ||||||||||
CAPITAL | 8,309 | 8,118 | [1] | 8,068 | € 48 | € 729 | 7,291 | |||||||
SHARE PREMIUM | 52,446 | 50,993 | [1] | 51,053 | € 6,343 | |||||||||
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL | 598 | 565 | [1] | 525 | € 686 | |||||||||
OTHER EQUITY | 146 | 234 | [1] | 216 | ||||||||||
ACCUMULATED RETAINED EARNINGS | 61,028 | 56,756 | [1] | 53,437 | ||||||||||
Other reserves | (5,246) | (3,567) | [1] | (1,602) | ||||||||||
(-) OWN SHARES | (31) | (59) | [1] | (22) | ||||||||||
PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT | 6,515 | 7,810 | [1] | 6,619 | ||||||||||
(-) INTERIM DIVIDENDS | (1,662) | $ (1,662) | (2,237) | [1] | (2,029) | |||||||||
OTHER COMPREHENSIVE INCOME | (22,032) | (22,141) | [1] | (21,776) | ||||||||||
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (4,288) | (2,936) | [1] | (4,034) | ||||||||||
Actuarial gains or losses on defined benefit pension plans | (4,764) | (3,609) | (4,033) | |||||||||||
Other recognized income and expense of investments in subsidiaries, joint ventures and associates, not reclassified | 1 | 1 | (1) | |||||||||||
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | 514 | 597 | ||||||||||||
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (39) | 75 | ||||||||||||
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (17,744) | (19,205) | [1] | (17,742) | ||||||||||
Hedge of net investments in foreign operations (effective portion) | (5,464) | (4,312) | (4,311) | |||||||||||
Exchange differences | (14,607) | (15,730) | (15,430) | |||||||||||
Hedging derivatives. Cash flow hedges (effective portion) | 300 | 277 | 152 | |||||||||||
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 2,321 | 828 | ||||||||||||
Financial assets available-for-sale | 2,321 | 831 | 2,068 | |||||||||||
Share in other income and expenses recognized in investments in joint ventures and associates | (294) | (268) | (221) | |||||||||||
NON-CONTROLLING INTEREST | 10,588 | 10,889 | [1] | 12,344 | ||||||||||
Other comprehensive income | (982) | (1,292) | [1] | (1,436) | ||||||||||
Other items | 11,570 | 12,181 | [1] | 13,780 | ||||||||||
TOTAL EQUITY | 110,659 | € 106,970 | 107,361 | [1],[3] | 105,493 | [4] | 106,833 | 102,699 | [4] | |||||
TOTAL LIABILITIES AND EQUITY | 1,522,695 | 1,459,271 | [1] | 1,444,305 | ||||||||||
Provision for contingent liabilities and commitments | ||||||||||||||
LIABILITIES | ||||||||||||||
Provisions | 739 | 779 | [1] | 814 | 617 | 459 | ||||||||
Other Provisions For Adoption Of IFRS 9 | ||||||||||||||
LIABILITIES | ||||||||||||||
Provisions | 13,872 | 13,872 | ||||||||||||
Derivatives | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 63,016 | 55,341 | [1] | 57,902 | 57,892 | |||||||||
Short positions | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 14,123 | 15,002 | [1] | 20,979 | 20,979 | |||||||||
Deposits | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 0 | 0 | [1] | 28,753 | 28,753 | |||||||||
Financial liabilities designated at fair value through profit or loss | 57,111 | 65,304 | [1] | 55,971 | 55,971 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 942,417 | 903,101 | [1] | 883,320 | 883,320 | |||||||||
Marketable debt securities | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 0 | 0 | [1] | 0 | 0 | |||||||||
Financial liabilities designated at fair value through profit or loss | 3,758 | 2,305 | [1] | 3,056 | 3,056 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 258,219 | 244,314 | [1] | 214,910 | 214,910 | |||||||||
Other financial liabilities | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 0 | 0 | [1] | 0 | 0 | |||||||||
Financial liabilities designated at fair value through profit or loss | 126 | 449 | [1] | 589 | 589 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 30,109 | 24,215 | [1] | 27,839 | 27,839 | |||||||||
Derivatives | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 63,397 | 55,939 | [1] | 57,243 | 57,243 | |||||||||
Equity instruments | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 12,437 | 8,938 | [1] | 21,353 | 21,353 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,350 | 3,260 | [1] | 2,584 | ||||||||||
Financial assets designated at fair value through profit or loss | 933 | |||||||||||||
Financial assets at fair value through other comprehensive income | 2,863 | 2,671 | [1] | 3,169 | ||||||||||
Financial assets available-for-sale | 2,863 | € 2,671 | 2,671 | 3,169 | 4,790 | € 5,487 | ||||||||
EQUITY | ||||||||||||||
Financial assets available-for-sale | 914 | |||||||||||||
Debt instruments | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 32,041 | 27,800 | [1] | 36,554 | 36,351 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,175 | 5,587 | [1] | 1,792 | ||||||||||
Financial assets designated at fair value through profit or loss | 3,186 | 3,222 | [1] | 3,286 | 3,485 | |||||||||
Financial assets at fair value through other comprehensive income | 118,405 | 116,819 | [1] | 122,077 | ||||||||||
Financial assets available-for-sale | 122,845 | 118,420 | 128,481 | |||||||||||
Financial assets at amortised cost | 29,789 | 37,696 | [1] | 35,772 | ||||||||||
LOANS AND RECEIVABLES | 17,543 | |||||||||||||
Held-to-maturity investments | 13,491 | |||||||||||||
EQUITY | ||||||||||||||
Financial assets available-for-sale | 2,321 | 831 | 1,154 | |||||||||||
Loans and advances | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 355 | 202 | [1] | 10,468 | 10,511 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,883 | [1] | 611 | ||||||||||
Financial assets designated at fair value through profit or loss | 58,883 | 54,238 | [1] | 38,789 | 30,364 | |||||||||
Financial assets at fair value through other comprehensive income | 4,440 | 1,601 | [1] | 1,107 | ||||||||||
Financial assets at amortised cost | € 965,693 | € 908,403 | [1] | 873,322 | ||||||||||
LOANS AND RECEIVABLES | 885,470 | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Naming Modifications [Member] | ||||||||||||||
ASSETS | ||||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 933 | |||||||||||||
Financial assets designated at fair value through profit or loss | (933) | |||||||||||||
Financial assets at fair value through other comprehensive income | 124,229 | |||||||||||||
Financial assets available-for-sale | (124,229) | |||||||||||||
Financial assets at amortised cost | 889,779 | |||||||||||||
LOANS AND RECEIVABLES | (889,779) | |||||||||||||
EQUITY | ||||||||||||||
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | 919 | |||||||||||||
Other recognized income and expense of investments in subsidiaries, joint ventures and associates, not reclassified | 5 | |||||||||||||
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | 914 | |||||||||||||
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (919) | |||||||||||||
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 1,154 | |||||||||||||
Financial assets available-for-sale | (2,068) | |||||||||||||
Share in other income and expenses recognized in investments in joint ventures and associates | (5) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Naming Modifications [Member] | Equity instruments | ||||||||||||||
ASSETS | ||||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 933 | |||||||||||||
Financial assets designated at fair value through profit or loss | (933) | |||||||||||||
Financial assets at fair value through other comprehensive income | 2,636 | |||||||||||||
Financial assets available-for-sale | (2,636) | |||||||||||||
EQUITY | ||||||||||||||
Financial assets available-for-sale | (914) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Naming Modifications [Member] | Debt instruments | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets at fair value through other comprehensive income | 121,593 | |||||||||||||
Financial assets available-for-sale | (121,593) | |||||||||||||
Financial assets at amortised cost | 15,557 | |||||||||||||
LOANS AND RECEIVABLES | (15,557) | |||||||||||||
EQUITY | ||||||||||||||
Financial assets available-for-sale | (1,154) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Naming Modifications [Member] | Loans and advances | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets at amortised cost | 874,222 | |||||||||||||
LOANS AND RECEIVABLES | (874,222) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Classification And Measurement [Member] | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 160 | |||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,054 | |||||||||||||
Financial assets designated at fair value through profit or loss | 8,226 | |||||||||||||
Financial assets at fair value through other comprehensive income | 2,126 | |||||||||||||
Financial assets available-for-sale | (9,042) | |||||||||||||
Financial assets at amortised cost | 21,297 | |||||||||||||
LOANS AND RECEIVABLES | (13,242) | |||||||||||||
Held-to-maturity investments | (13,491) | |||||||||||||
Other assets | 6 | |||||||||||||
TOTAL ASSETS | 94 | |||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 10 | |||||||||||||
Hedging derivatives, Liabilities | (10) | |||||||||||||
Other liabilities | 41 | |||||||||||||
TOTAL LIABILITIES | 41 | |||||||||||||
EQUITY | ||||||||||||||
SHAREHOLDERS´ EQUITY | 91 | |||||||||||||
Other reserves | 91 | |||||||||||||
OTHER COMPREHENSIVE INCOME | (53) | |||||||||||||
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (152) | |||||||||||||
Other recognized income and expense of investments in subsidiaries, joint ventures and associates, not reclassified | (5) | |||||||||||||
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | (141) | |||||||||||||
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (6) | |||||||||||||
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | 99 | |||||||||||||
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 99 | |||||||||||||
NON-CONTROLLING INTEREST | 15 | |||||||||||||
Other comprehensive income | 3 | |||||||||||||
Other items | 12 | |||||||||||||
TOTAL EQUITY | 53 | |||||||||||||
TOTAL LIABILITIES AND EQUITY | 94 | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Classification And Measurement [Member] | Derivatives | ||||||||||||||
LIABILITIES | ||||||||||||||
Financial liabilities held for trading | 10 | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Classification And Measurement [Member] | Equity instruments | ||||||||||||||
ASSETS | ||||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,651 | |||||||||||||
Financial assets at fair value through other comprehensive income | 533 | |||||||||||||
Financial assets available-for-sale | (2,154) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Classification And Measurement [Member] | Debt instruments | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | 203 | |||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,792 | |||||||||||||
Financial assets designated at fair value through profit or loss | (199) | |||||||||||||
Financial assets at fair value through other comprehensive income | 486 | |||||||||||||
Financial assets available-for-sale | (6,888) | |||||||||||||
Financial assets at amortised cost | 20,195 | |||||||||||||
LOANS AND RECEIVABLES | (1,994) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Classification And Measurement [Member] | Loans and advances | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets held for trading | (43) | |||||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 611 | |||||||||||||
Financial assets designated at fair value through profit or loss | 8,425 | |||||||||||||
Financial assets at fair value through other comprehensive income | 1,107 | |||||||||||||
Financial assets at amortised cost | 1,102 | |||||||||||||
LOANS AND RECEIVABLES | (11,248) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets at fair value through other comprehensive income | (2) | |||||||||||||
Financial assets at amortised cost | (1,982) | |||||||||||||
LOANS AND RECEIVABLES | 8 | |||||||||||||
Investments | (34) | |||||||||||||
Other assets | 680 | |||||||||||||
TOTAL ASSETS | (1,330) | |||||||||||||
LIABILITIES | ||||||||||||||
Provisions | 197 | |||||||||||||
Other liabilities | (3) | |||||||||||||
TOTAL LIABILITIES | 194 | |||||||||||||
EQUITY | ||||||||||||||
SHAREHOLDERS´ EQUITY | (1,401) | |||||||||||||
Other reserves | (1,401) | |||||||||||||
NON-CONTROLLING INTEREST | (123) | |||||||||||||
Other items | (123) | |||||||||||||
TOTAL EQUITY | (1,524) | |||||||||||||
TOTAL LIABILITIES AND EQUITY | (1,330) | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Provision for contingent liabilities and commitments | ||||||||||||||
LIABILITIES | ||||||||||||||
Provisions | 197 | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Debt instruments | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets at fair value through other comprehensive income | (2) | |||||||||||||
Financial assets at amortised cost | 20 | |||||||||||||
LOANS AND RECEIVABLES | 8 | |||||||||||||
Increase Decrease Due To Initial Adoption Of IFRS 9 Related To Impairment | Loans and advances | ||||||||||||||
ASSETS | ||||||||||||||
Financial assets at amortised cost | (2,002) | |||||||||||||
BRAZIL | ||||||||||||||
EQUITY | ||||||||||||||
Financial assets previously designated at cost reclassified due to requirements of IFRS 9, initial application of IFRS 9 | € 8,600 | |||||||||||||
In accordance with IFRS 9 | ||||||||||||||
EQUITY | ||||||||||||||
SHAREHOLDERS´ EQUITY | 114,955 | |||||||||||||
CAPITAL | 8,068 | |||||||||||||
SHARE PREMIUM | 51,053 | |||||||||||||
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL | 525 | |||||||||||||
OTHER EQUITY | 216 | |||||||||||||
ACCUMULATED RETAINED EARNINGS | 53,437 | |||||||||||||
Other reserves | (2,912) | |||||||||||||
(-) OWN SHARES | (22) | |||||||||||||
PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT | 6,619 | |||||||||||||
(-) INTERIM DIVIDENDS | (2,029) | |||||||||||||
OTHER COMPREHENSIVE INCOME | (21,829) | |||||||||||||
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (3,267) | |||||||||||||
Actuarial gains or losses on defined benefit pension plans | (4,033) | |||||||||||||
Other recognized income and expense of investments in subsidiaries, joint ventures and associates, not reclassified | (1) | |||||||||||||
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | 773 | |||||||||||||
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (6) | |||||||||||||
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (18,562) | |||||||||||||
Hedge of net investments in foreign operations (effective portion) | (4,311) | |||||||||||||
Exchange differences | (15,430) | |||||||||||||
Hedging derivatives. Cash flow hedges (effective portion) | 152 | |||||||||||||
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 1,253 | |||||||||||||
Share in other income and expenses recognized in investments in joint ventures and associates | (226) | |||||||||||||
NON-CONTROLLING INTEREST | 12,236 | |||||||||||||
Other comprehensive income | (1,433) | |||||||||||||
Other items | 13,669 | |||||||||||||
TOTAL EQUITY | 105,362 | |||||||||||||
TOTAL LIABILITIES AND EQUITY | € 1,443,069 | |||||||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||||
[4] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Introduction, basis of presen_9
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Foreign currency exchange rates (Details) | 12 Months Ended |
Dec. 31, 2019 | |
MXN | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 5.99% |
Change in average foreign currency exchange rate (as a percent) | 5.29% |
USD | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 1.92% |
Change in average foreign currency exchange rate (as a percent) | 5.41% |
BRL | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (1.59%) |
Change in average foreign currency exchange rate (as a percent) | (2.62%) |
Argentine peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (35.89%) |
GBP | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 5.14% |
Change in average foreign currency exchange rate (as a percent) | 0.85% |
Chilean peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (6.04%) |
Change in average foreign currency exchange rate (as a percent) | (3.68%) |
Polish zloty | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 1.05% |
Change in average foreign currency exchange rate (as a percent) | (0.85%) |
Introduction, basis of prese_10
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Capital Mgmt, Other information (Details) € / shares in Units, € in Millions | Jan. 29, 2020€ / shares | Jan. 09, 2020EUR (€) | Dec. 31, 2020 | Dec. 31, 2019EUR (€)market | Dec. 31, 2017 | Dec. 31, 2014 | Dec. 31, 2018EUR (€) | Mar. 19, 2018 | Mar. 05, 2014EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||||||||
Percentage of assets weighted by risk | 70.00% | ||||||||
Planned coverage percentage of loan portfolio under advanced internal ratings based approach | 90.00% | ||||||||
Number of key markets | market | 10 | ||||||||
Notional amount | € | € 362,464 | € 318,807 | |||||||
Initial interest rate term | 6 years | ||||||||
Dividends proposed, total per share (in eur per share) | € / shares | € 0.13 | ||||||||
Cash dividends proposed (in eur per share) | € / shares | 0.10 | ||||||||
Scrip dividends proposed (in eur per share) | € / shares | € 0.03 | ||||||||
Issuance On January 9 2020 | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | € 1,500 | ||||||||
Interest rate (as a percent) | 4.375% | ||||||||
Initial interest rate term | 6 years | ||||||||
Interest rate period thereafter | 5 years | ||||||||
Adjustment to reference rate, after initial interest rate period | 4.50% | ||||||||
Issuance by Banco Santander S.A. in March 2014 | |||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||
Notional amount | € | € 1,500 | € 1,500 | |||||||
Interest rate (as a percent) | 6.25% | 6.25% | |||||||
Initial interest rate term | 5 years | 5 years | |||||||
Adjustment to reference rate, after initial interest rate period | 4.999% | 5.41% | 4.10% |
Accounting policies - Translati
Accounting policies - Translation of foreign currency balances (Details) | 12 Months Ended | ||
Dec. 31, 2019EUR (€)Argentian_peso / €stage | Dec. 31, 2018EUR (€)Argentian_peso / € | Dec. 31, 2017EUR (€) | |
Foreign currency transactions | |||
Number of consecutive stages | stage | 2 | ||
Adjustment to correct for effect of inflation | € 0 | ||
Reclassification adjustments on exchange differences on translation, net of tax | € 154,000,000 | € 398,000,000 | 1,716,000,000 |
Revaluation gains/(losses) | € 131,000,000 | ||
Closing foreign exchange rate | Argentian_peso / € | 67.26 | 43.12 |
Accounting policies - Exposure
Accounting policies - Exposure to foreign currency risk (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Sensitivity of consolidated profit and consolidated equity | |||
Appreciation variation (as a percent) | 1.00% | ||
Depreciation variation (as a percent) | 1.00% | ||
USD | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | € (161.3) | € (162.3) | € (157.9) |
1 % appreciation of euro, Effect on consolidated profit | (3.5) | (4.1) | (1.4) |
1 % depreciation of euro, Effect on consolidated equity | 164.6 | 165.6 | 161.1 |
1 % depreciation of euro, Effect on consolidated profit | 3.5 | 4.2 | 1.5 |
Chilean peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (21.8) | (22.9) | (29) |
1 % appreciation of euro, Effect on consolidated profit | (2.3) | (5.1) | (1.8) |
1 % depreciation of euro, Effect on consolidated equity | 22.2 | 23.4 | 29.6 |
1 % depreciation of euro, Effect on consolidated profit | 2.4 | 5.2 | 1.8 |
GBP | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (189.2) | (171.2) | (176.6) |
1 % appreciation of euro, Effect on consolidated profit | (3.9) | (4.5) | (3.1) |
1 % depreciation of euro, Effect on consolidated equity | 193 | 174.7 | 180.2 |
1 % depreciation of euro, Effect on consolidated profit | 4 | 4.6 | 3.2 |
MXN | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (22.6) | (18.3) | (16) |
1 % appreciation of euro, Effect on consolidated profit | (3.3) | (1.7) | (1.2) |
1 % depreciation of euro, Effect on consolidated equity | 23.1 | 18.6 | 16.3 |
1 % depreciation of euro, Effect on consolidated profit | 3.4 | 1.8 | 1.2 |
BRL | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (71.6) | (85.6) | (93.1) |
1 % appreciation of euro, Effect on consolidated profit | (10.4) | (5.6) | (6.5) |
1 % depreciation of euro, Effect on consolidated equity | 73.1 | 87.4 | 95 |
1 % depreciation of euro, Effect on consolidated profit | 10.6 | 5.7 | 6.6 |
Polish zloty | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (38.3) | (36.2) | (34.5) |
1 % appreciation of euro, Effect on consolidated profit | (1.2) | (4.2) | (1.5) |
1 % depreciation of euro, Effect on consolidated equity | 39 | 36.9 | 35.2 |
1 % depreciation of euro, Effect on consolidated profit | 1.2 | 4.2 | 1.5 |
Argentine peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (6.9) | (7.8) | (7.4) |
1 % appreciation of euro, Effect on consolidated profit | (1.2) | (0.6) | (3.5) |
1 % depreciation of euro, Effect on consolidated equity | 7 | 8 | 7.6 |
1 % depreciation of euro, Effect on consolidated profit | € 1.3 | € 0.6 | € 3.6 |
Accounting policies - Basis of
Accounting policies - Basis of consolidation (Details) - Luri 1, S.A. | 12 Months Ended |
Dec. 31, 2019 | |
Subsidiaries and joint ventures | |
Ownership interest (as a percent) | 46.00% |
Maximum | |
Subsidiaries and joint ventures | |
Voting rights (as a percent) | 50.00% |
Accounting policies - Valuation
Accounting policies - Valuation techniques (Details) € in Millions | Dec. 31, 2019EUR (€)division | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||
Number of independent divisions | division | 2 | ||
Financial assets available for sale, category | Equity instruments | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | € 1,211 | ||
Financial assets and liabilities | Financial liabilities held for trading | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | € 77,139 | € 70,343 | 107,624 |
Financial assets and liabilities | Financial liabilities held for trading | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 9,781 | 16,104 | 21,828 |
Financial assets and liabilities | Financial liabilities held for trading | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 67,358 | 54,239 | 85,796 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 60,995 | 68,058 | 59,616 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 1,484 | 987 | 769 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 59,511 | 67,071 | 58,847 |
Financial assets and liabilities | Hedging derivatives, category | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 6,048 | 6,363 | 8,044 |
Financial assets and liabilities | Hedging derivatives, category | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 0 | 5 | 8 |
Financial assets and liabilities | Hedging derivatives, category | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 6,048 | 6,358 | 8,036 |
Financial assets and liabilities | Financial assets held for trading, category | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 108,230 | 92,879 | 125,458 |
Financial assets and liabilities | Financial assets held for trading, category | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 44,581 | 37,108 | 58,215 |
Financial assets and liabilities | Financial assets held for trading, category | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 63,649 | 55,771 | 67,243 |
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 4,911 | 10,730 | |
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 1,530 | 1,835 | |
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 3,381 | 8,895 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 62,069 | 57,460 | 34,782 |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 2,572 | 3,102 | 3,823 |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 59,497 | 54,358 | 30,959 |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 125,708 | 121,091 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 103,089 | 103,590 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 22,619 | 17,501 | |
Financial assets and liabilities | Financial assets available for sale, category | Financial Assets Excluding Equity Instruments | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 132,060 | ||
Financial assets and liabilities | Financial assets available for sale, category | Level 1 | Financial Assets Excluding Equity Instruments | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 113,258 | ||
Financial assets and liabilities | Financial assets available for sale, category | Level 2 and 3 | Financial Assets Excluding Equity Instruments | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 18,802 | ||
Financial assets and liabilities | Hedging derivatives, category | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 7,216 | 8,607 | 8,537 |
Financial assets and liabilities | Hedging derivatives, category | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 7,216 | 8,607 | 8,537 |
Liabilities under insurance contracts | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 739 | 765 | 1,117 |
Liabilities under insurance contracts | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | € 739 | € 765 | € 1,117 |
Accounting policies - Valuati_2
Accounting policies - Valuation adjustment for counterparty and default risk (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure of detailed information about financial instruments [line items] | ||||
Amount of CVA | € 272 | € 351 | € 323 | |
Change in CVA (as a percent) | (22.50%) | 8.80% | (50.00%) | |
Amount of DVA | € 171 | € 261 | € 220 | |
Change in DVA (as a percent) | (34.60%) | 18.90% | (44.00%) | |
Credit spread change (as a percent) | (40.00%) | 30.00% | (40.00%) | |
Loans and receivables, category | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Increase in exposure | € 2,183 | |||
Certain derivatives and debt instruments and certain government bonds in Brazil which, based on the Group's observability criteria | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Net reclassification into levels 2 and 3 | € 708 | |||
Bonds, long-term repos, and derivatives | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Level reclassifications into Level 3 | € 1,300 |
Accounting policies - Valuati_3
Accounting policies - Valuation adjustments due to model risk (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | € 149,711 | € 140,659 | € 124,178 | ||
Financial liabilities, at fair value | 132,582 | 127,991 | 153,600 | ||
Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 6,651 | 4,473 | € 3,546 | 1,363 | € 1,349 |
Financial liabilities, at fair value | 1,074 | 442 | 196 | 196 | 86 |
Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 2 | ||||
Financial liabilities held for trading | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 290 | 289 | 182 | 182 | 69 |
Financial liabilities held for trading | Derivatives | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 290 | 289 | 182 | 182 | 69 |
Financial liabilities held for trading | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 115 | 111 | 100 | 100 | 1 |
Financial liabilities held for trading | Exchange rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 1 | 7 | 9 | 9 | 0 |
Financial liabilities held for trading | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 34 | 26 | 19 | 19 | 21 |
Financial liabilities held for trading | Index and securities options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 88 | 143 | 41 | 41 | 46 |
Financial liabilities held for trading | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 50 | 2 | 13 | 13 | 1 |
Hedging derivatives, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 6 | 7 | 7 | 9 |
Hedging derivatives, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 6 | 7 | 7 | 9 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 784 | 147 | 7 | 7 | 8 |
Hedging derivatives, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 21 | 18 | 18 | 27 |
Hedging derivatives, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 21 | 18 | 18 | 27 |
Non-trading financial assets mandatory at fair value through profit or loss | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,601 | 1,403 | 1,365 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 376 | 460 | 465 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 550 | 462 | 382 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 675 | 481 | 518 | ||
Financial assets held for trading, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 598 | 738 | 437 | 341 | |
Financial assets held for trading, category | Credit risk derivatives | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | |||
Financial assets held for trading, category | Debt and equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 65 | 153 | 32 | 32 | 40 |
Financial assets held for trading, category | Derivatives | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 533 | 585 | 405 | 405 | 301 |
Financial assets held for trading, category | Exchange rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 8 | 2 | 5 | 5 | 2 |
Financial assets held for trading, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 182 | 185 | 189 | 189 | 55 |
Financial assets held for trading, category | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 177 | 149 | 162 | 162 | 173 |
Financial assets held for trading, category | Index and securities options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 95 | 198 | 5 | 5 | 26 |
Financial assets held for trading, category | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 71 | 51 | 44 | 44 | 45 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 664 | 876 | 0 | 282 | 325 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Credit institutions | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 50 | 201 | 0 | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Customers | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 32 | 560 | 0 | 72 | 74 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 11 | 14 | |||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 582 | 115 | 0 | 199 | 237 |
Financial assets at fair value through other comprehensive income, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 3,788 | 1,435 | € 1,726 | ||
Financial assets available for sale, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 626 | € 656 | |||
Financial assets available for sale, category | Equity instruments | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,211 | ||||
Financial assets and liabilities | Financial liabilities held for trading | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 77,139 | 70,343 | 107,624 | ||
Financial assets and liabilities | Financial liabilities held for trading | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 67,068 | 53,950 | 85,614 | ||
Financial assets and liabilities | Financial liabilities held for trading | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 290 | 289 | 182 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Central banks | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 282 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Central banks | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Credit institutions | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 292 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Credit institutions | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Customers | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 28,179 | ||
Financial assets and liabilities | Financial liabilities held for trading | Deposits - Customers | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial liabilities held for trading | Derivatives | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 61,789 | 53,950 | 56,860 | ||
Financial assets and liabilities | Financial liabilities held for trading | Derivatives | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 290 | 289 | 182 | ||
Financial assets and liabilities | Financial liabilities held for trading | Swaps | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 49,927 | 43,489 | 45,041 | ||
Financial assets and liabilities | Financial liabilities held for trading | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 115 | 111 | 100 | ||
Financial assets and liabilities | Financial liabilities held for trading | Exchange rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 658 | 610 | 497 | ||
Financial assets and liabilities | Financial liabilities held for trading | Exchange rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 1 | 7 | 9 | ||
Financial assets and liabilities | Financial liabilities held for trading | Interest rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 4,291 | 4,411 | 5,402 | ||
Financial assets and liabilities | Financial liabilities held for trading | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 34 | 26 | 19 | ||
Financial assets and liabilities | Financial liabilities held for trading | Index and securities options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 1,309 | 1,233 | 1,527 | ||
Financial assets and liabilities | Financial liabilities held for trading | Index and securities options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 88 | 143 | 41 | ||
Financial assets and liabilities | Financial liabilities held for trading | Interest rate and equity futures | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 20 | 7 | 1 | ||
Financial assets and liabilities | Financial liabilities held for trading | Interest rate and equity futures | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 2 | 0 | 0 | ||
Financial assets and liabilities | Financial liabilities held for trading | Other | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 5,584 | 4,200 | 4,392 | ||
Financial assets and liabilities | Financial liabilities held for trading | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 50 | 2 | 13 | ||
Financial assets and liabilities | Financial liabilities held for trading | Short positions | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 5,279 | 0 | 1 | ||
Financial assets and liabilities | Financial liabilities held for trading | Short positions | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial liabilities held for trading | Credit risk derivatives | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | (6) | 0 | 0 | ||
Financial assets and liabilities | Hedging derivatives, category | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 6,048 | 6,363 | 8,044 | ||
Financial assets and liabilities | Hedging derivatives, category | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 6,048 | 6,352 | 8,029 | ||
Financial assets and liabilities | Hedging derivatives, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 6 | 7 | ||
Financial assets and liabilities | Hedging derivatives, category | Swaps | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 4,737 | 5,868 | 7,573 | ||
Financial assets and liabilities | Hedging derivatives, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 6 | 7 | ||
Financial assets and liabilities | Hedging derivatives, category | Interest rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 10 | 158 | 287 | ||
Financial assets and liabilities | Hedging derivatives, category | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Hedging derivatives, category | Other | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 1,301 | 326 | 169 | ||
Financial assets and liabilities | Hedging derivatives, category | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 60,995 | 68,058 | 59,616 | ||
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 58,727 | 66,924 | 58,840 | ||
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 784 | 147 | 7 | ||
Financial assets and liabilities | Hedging derivatives, category | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 7,216 | 8,607 | 8,537 | ||
Financial assets and liabilities | Hedging derivatives, category | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 7,216 | 8,586 | 8,519 | ||
Financial assets and liabilities | Hedging derivatives, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 21 | 18 | ||
Financial assets and liabilities | Hedging derivatives, category | Swaps | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 6,485 | 7,704 | 7,896 | ||
Financial assets and liabilities | Hedging derivatives, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 21 | 18 | ||
Financial assets and liabilities | Hedging derivatives, category | Interest rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 25 | 20 | 13 | ||
Financial assets and liabilities | Hedging derivatives, category | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Hedging derivatives, category | Other | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 706 | 862 | 610 | ||
Financial assets and liabilities | Hedging derivatives, category | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 4,911 | 10,730 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,780 | 7,492 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,601 | 1,403 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 10 | 1,422 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 376 | 460 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Equity instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,272 | 985 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 550 | 462 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 498 | 5,085 | |||
Financial assets and liabilities | Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 675 | 481 | |||
Financial assets and liabilities | Financial assets held for trading, category | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 108,230 | 92,879 | 125,458 | ||
Financial assets and liabilities | Financial assets held for trading, category | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 63,051 | 55,033 | 66,806 | ||
Financial assets and liabilities | Financial assets held for trading, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 598 | 738 | 437 | ||
Financial assets and liabilities | Financial assets held for trading, category | Loans and advances - Credit institutions | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 1,696 | ||
Financial assets and liabilities | Financial assets held for trading, category | Loans and advances - Credit institutions | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial assets held for trading, category | Loans and advances - Customers | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 355 | 205 | 8,815 | ||
Financial assets and liabilities | Financial assets held for trading, category | Loans and advances - Customers | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial assets held for trading, category | Debt and equity instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 760 | 314 | 335 | ||
Financial assets and liabilities | Financial assets held for trading, category | Debt and equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 65 | 153 | 32 | ||
Financial assets and liabilities | Financial assets held for trading, category | Derivatives | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 61,936 | 54,514 | 55,960 | ||
Financial assets and liabilities | Financial assets held for trading, category | Derivatives | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 533 | 585 | 405 | ||
Financial assets and liabilities | Financial assets held for trading, category | Exchange rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 469 | 617 | 463 | ||
Financial assets and liabilities | Financial assets held for trading, category | Exchange rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 8 | 2 | 5 | ||
Financial assets and liabilities | Financial assets held for trading, category | Swaps | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 51,594 | 44,423 | 44,766 | ||
Financial assets and liabilities | Financial assets held for trading, category | Swaps | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 182 | 185 | 189 | ||
Financial assets and liabilities | Financial assets held for trading, category | Interest rate options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 3,073 | 3,778 | 4,747 | ||
Financial assets and liabilities | Financial assets held for trading, category | Interest rate options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 177 | 149 | 162 | ||
Financial assets and liabilities | Financial assets held for trading, category | Interest rate futures | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 190 | 0 | 2 | ||
Financial assets and liabilities | Financial assets held for trading, category | Interest rate futures | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Financial assets and liabilities | Financial assets held for trading, category | Index and securities options | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,164 | 1,118 | 1,257 | ||
Financial assets and liabilities | Financial assets held for trading, category | Index and securities options | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 95 | 198 | 5 | ||
Financial assets and liabilities | Financial assets held for trading, category | Other | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 5,446 | 4,578 | 4,725 | ||
Financial assets and liabilities | Financial assets held for trading, category | Other | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 71 | 51 | 44 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 62,069 | 57,460 | 34,782 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 58,833 | 53,482 | 30,677 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 664 | 876 | 282 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Credit institutions | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 21,598 | 22,897 | 9,889 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Credit institutions | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 50 | 201 | 0 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Customers | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 30,729 | 21,355 | 20,403 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Customers | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 32 | 560 | 72 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Central banks | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 6,474 | 9,226 | |||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Central banks | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 0 | 0 | |||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt and equity instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 32 | 385 | |||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt and equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 582 | 210 | |||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 4 | ||||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 115 | ||||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 125,708 | 121,091 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 18,831 | 16,066 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 3,788 | 1,435 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Loans and advances | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 1,247 | 912 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Loans and advances | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 3,193 | 689 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Equity instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 98 | 455 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 407 | 581 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Debt instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 17,486 | 14,699 | |||
Financial assets and liabilities | Financial assets at fair value through other comprehensive income, category | Debt instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 188 | 165 | |||
Financial assets and liabilities | Financial assets available for sale, category | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 18,176 | ||||
Financial assets and liabilities | Financial assets available for sale, category | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 626 | ||||
Financial assets and liabilities | Financial assets available for sale, category | Debt and equity instruments | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 18,176 | ||||
Financial assets and liabilities | Financial assets available for sale, category | Debt and equity instruments | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial assets, at fair value | 626 | ||||
Liabilities under insurance contracts | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 739 | 765 | 1,117 | ||
Liabilities under insurance contracts | Level 2 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | 739 | 765 | 1,117 | ||
Liabilities under insurance contracts | Level 3 | |||||
Measurement of financial assets and liabilities and recognition of fair value changes | |||||
Financial liabilities, at fair value | € 0 | € 0 | € 0 |
Accounting policies - Level 3 F
Accounting policies - Level 3 Financial Instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | |||
Projected shift in HPI spot rate, Liabilities (as a percent) | 10.00% | ||
Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net (loss) gain recognized in profit or loss arising from models whose significant inputs are unobservable market data | € (185) | € (10) | € 116 |
Loans and advances - Customers | Estimation of Default Probabilities from Credit Curves | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | (26.6) | ||
Loans and advances - Customers | Local Volatility Valuation Technique | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | 244.9 | ||
Loans and advances - Customers | Local Volatility Valuation Technique | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | (313.8) | ||
Debt and equity instruments | Present Value Method And Other Interest Rate Curves Foreign Exchange Market Prices And Credit Curves | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | (2.2) | ||
Debt and equity instruments | Present Value Method And Other Interest Rate Curves Foreign Exchange Market Prices And Credit Curves | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 2.2 | ||
Financial liabilities held for trading | Present Value Method, Modified Black-Scholes Model, HPI spot rate | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI spot rate, Liabilities | 765.38 | ||
Financial liabilities held for trading | Equity Linked Deposits | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Basis Risk Rate, Significant Unobservable Input | 0.50% | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Liabilities (as a percent) | 2.40% | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Liabilities (as a percent) | 0.00% | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Liabilities (as a percent) | 5.00% | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of liabilities due to change in inputs | € (7.3) | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of liabilities due to change in inputs | 6.8 | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI spot rate | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of liabilities due to change in inputs | € 4.9 | ||
Financial liabilities held for trading | Derivatives | Equity Linked Deposits | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Basis Risk Rate, Significant Unobservable Input | 1.50% | ||
Financial liabilities held for trading | Derivatives | Equity Linked Deposits | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Basis Risk Rate, Significant Unobservable Input | 2.00% | ||
Financial liabilities held for trading | Derivatives | Equity Linked Deposits | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of liabilities due to change in inputs | € 0.8 | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black Scholes Model Approach, Curves On Tab Indices | |||
Disclosure of detailed information about financial instruments [line items] | |||
Change of plus or (minus) basis points, Liabilities (as a percent) | 1.00% | ||
Financial liabilities held for trading | Derivatives | Discounted Flows Denominated In Different Currencies | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.002) | ||
Financial liabilities held for trading | Derivatives | Discounted Flows Denominated In Different Currencies | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | 0.00095 | ||
Financial liabilities held for trading | Derivatives | Discounted Flows Denominated In Different Currencies | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | 0.0005 | ||
Financial liabilities held for trading | Derivatives | Discounted Flows Denominated In Different Currencies | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of liabilities due to change in inputs | € 0.1 | ||
Financial liabilities held for trading | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI spot rate | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of liabilities due to change in inputs | (4.3) | ||
Financial liabilities held for trading | Derivatives | Equity Linked Deposits | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of liabilities due to change in inputs | € (6.8) | ||
Hedging derivatives, category | Derivatives | Advanced local and stochastic volatility model, correlation between share prices | |||
Disclosure of detailed information about financial instruments [line items] | |||
Correlation between share prices (as a percent) | 65.00% | ||
Hedging derivatives, category | Derivatives | Advanced local and stochastic volatility model, correlation between share prices | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Correlation between share prices (as a percent) | 55.00% | ||
Hedging derivatives, category | Derivatives | Advanced local and stochastic volatility model, correlation between share prices | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Correlation between share prices (as a percent) | 75.00% | ||
Hedging derivatives, category | Derivatives | Advanced Multi Factor Interest Rate Models Approach | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Mean reversion of interest rates, Liabilities (as a percent) | 0.0001% | ||
Hedging derivatives, category | Derivatives | Advanced Multi Factor Interest Rate Models Approach | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Mean reversion of interest rates, Liabilities (as a percent) | 0.03% | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Potential downward movement from current parameter of mean reversion of interest rates, Liabilities (as a percent) | 0.01% | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Potential downward movement from current parameter of mean reversion of interest rates, Liabilities (as a percent) | 3.00% | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Deposits - Customers | Flow Discounting Method | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Curve IGPM, Unobservable Inputs, Liabilities | 0.06 | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Deposits - Customers | Flow Discounting Method | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Curve IGPM, Unobservable Inputs, Liabilities | 0.01 | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Deposits - Customers | Flow Discounting Method | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of liabilities due to change in inputs | € (37) | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Deposits - Customers | Flow Discounting Method | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of liabilities due to change in inputs | € 37 | ||
Financial assets at fair value through other comprehensive income, category | Loans and advances - Customers | Estimation of Default Probabilities from Credit Curves | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
CDS Spread Rate, Unobservable Inputs, Assets | 0.0024 | ||
Financial assets at fair value through other comprehensive income, category | Loans and advances - Customers | Estimation of Default Probabilities from Credit Curves | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
CDS Spread Rate, Unobservable Inputs, Assets | 0.0055 | ||
Financial assets at fair value through other comprehensive income, category | Loans and advances - Customers | Estimation of Default Probabilities from Credit Curves | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
CDS Spread Rate, Unobservable Inputs, Assets | 0.3563 | ||
Financial assets at fair value through other comprehensive income, category | Loans and advances - Customers | Local Volatility Valuation Technique | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Litigation contingencies, Assets (as a percent) | 34.00% | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other Valuation, Litigation Contingencies | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Litigation contingencies, Assets (as a percent) | 0.00% | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other Valuation, Litigation Contingencies | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Litigation contingencies, Assets (as a percent) | 100.00% | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other Valuation, Litigation Contingencies | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Litigation contingencies, Assets (as a percent) | 22.00% | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other Valuation, Litigation Contingencies | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (26.5) | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other Valuation, Litigation Contingencies | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | 7.3 | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other, Default And Prepayment Rates, Etc. | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | (11.4) | ||
Financial assets at fair value through other comprehensive income, category | Debt and equity instruments | Present Value Method And Other, Default And Prepayment Rates, Etc. | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 11.4 | ||
Financial assets held for trading, category | Caps/Floors | Black Model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0025) | ||
Financial assets held for trading, category | Caps/Floors | Black Model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0002) | ||
Financial assets held for trading, category | Caps/Floors | Black Model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | 0.0013 | ||
Financial assets held for trading, category | Caps/Floors | Black Model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 0.2 | ||
Financial assets held for trading, category | Caps/Floors | Black Model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 2.1 | ||
Financial assets held for trading, category | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 0.00% | ||
Financial assets held for trading, category | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 5.00% | ||
Financial assets held for trading, category | Derivatives | Present Value Method | |||
Disclosure of detailed information about financial instruments [line items] | |||
Change of plus or (minus) basis points, Assets (as a percent) | 1.00% | ||
Financial assets held for trading, category | Derivatives | Present Value Method | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (0.2) | ||
Financial assets held for trading, category | Derivatives | Present Value Method | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 0.2 | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 2.54% | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (23.8) | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI forward growth rate | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 23.1 | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI spot rate, Assets | 785.87 | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI spot rate | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (8.5) | ||
Financial assets held for trading, category | Derivatives | Present Value Method, Modified Black-Scholes Model, HPI spot rate | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | 8.5 | ||
Financial assets held for trading, category | Derivatives | Interest Rate Curve Foreign Exchange Market Prices | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | (163.2) | ||
Financial assets held for trading, category | Derivatives | Interest Rate Curve Foreign Exchange Market Prices | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 84.4 | ||
Financial assets held for trading, category | Derivatives | Forward Estimation | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0025) | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.0002 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.0003 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.0005 | ||
Financial assets held for trading, category | Derivatives | Forward Estimation | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0002) | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.001 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.001 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.002 | ||
Financial assets held for trading, category | Derivatives | Forward Estimation | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | 0.0013 | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.0007 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.0006 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.0013 | ||
Financial assets held for trading, category | Derivatives | Forward Estimation | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (0.6) | ||
Financial assets held for trading, category | Derivatives | Forward Estimation | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 1.7 | ||
Financial assets held for trading, category | Currency swaps | Forward Estimation | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0025) | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.0002 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.0003 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.0005 | ||
Financial assets held for trading, category | Currency swaps | Forward Estimation | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | (0.0002) | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.001 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.001 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.002 | ||
Financial assets held for trading, category | Currency swaps | Forward Estimation | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
MXN TIIE 28 Rate, Significant Unobservable Inputs, Assets | 0.0013 | ||
Bid Offer Spread IRS TIIE Rate, Significant Unobservable Inputs, Assets | 0.0006 | ||
X-CCY USD/MXN Rate, Unobservable Inputs, Assets | 0.0007 | ||
Swaps UDI/MXN Rate, Unobservable Inputs, Assets | 0.0013 | ||
Financial assets held for trading, category | Currency swaps | Forward Estimation | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (0.4) | ||
Financial assets held for trading, category | Currency swaps | Forward Estimation | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 0.4 | ||
Financial assets held for trading, category | Quanto Swaps | Local Term Volatility and Reference Strike under Partial Differential Equation Method | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Beta Vs Volatility Surface STOXX50E Rate, Unobservable Inputs, Assets | 0.69 | ||
Financial assets held for trading, category | Quanto Swaps | Local Term Volatility and Reference Strike under Partial Differential Equation Method | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Beta Vs Volatility Surface STOXX50E Rate, Unobservable Inputs, Assets | 0.62 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 0.00% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 5.00% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI forward growth rate, Assets (as a percent) | 2.70% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (6.6) | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Probability-weighted set (per forecast mortality rates) of European HPI Options using Black-Scholes model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 5.8 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Probability-weighted set (per forecast mortality rates) of HPI forwards, using the present value model, HIP forward growth rate | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
HPI spot rate, Assets | 785.87 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Probability-weighted set (per forecast mortality rates) of HPI forwards, using the present value model, HIP forward growth rate | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (7.7) | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Probability-weighted set (per forecast mortality rates) of HPI forwards, using the present value model, HIP forward growth rate | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 7.7 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | TD Black Valuation Method | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
FX Volatility in long-term, Assets (as a percent) | 4.70% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | TD Black Valuation Method | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 2.2 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | TD Black Valuation Method | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (11.5) | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Model Asset Swap And CDS | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Model interest rate curves and credit, as a percent | 7.70% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Model Asset Swap And CDS | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (19.8) | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Model Asset Swap And CDS | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 4.4 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Cvx Adjustment SLN Valuation Technique | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Long-term volatility, Assets (as a percent) | 8.00% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Cvx Adjustment SLN Valuation Technique | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (121.2) | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Cvx Adjustment SLN Valuation Technique | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 105.1 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Present Value Method, Other | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Credit Spread, Significant Unobservable Inputs, Assets | 0.002 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Present Value Method, Other | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Credit Spread, Significant Unobservable Inputs, Assets | 0.016 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Present Value Method, Other | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Long-term volatility, Assets (as a percent) | 1.00% | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Present Value Method, Other | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value of assets due to change in inputs | € 0.1 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt and equity instruments | Present Value Method, Other | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of assets due to change in inputs | € (0.1) |
Accounting policies - Changes i
Accounting policies - Changes in the financial instruments classified as Level 3 (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Level 2 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | € 149,711 | € 140,659 | € 124,178 |
Assets at beginning/end of period | 140,659 | 124,178 | |
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 127,991 | 153,600 | |
Liabilities at end of period | 132,582 | 127,991 | 153,600 |
Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 6,651 | 4,473 | 1,363 |
Purchases | 5,047 | 418 | 46 |
Sales | (2,119) | (333) | (276) |
Changes in fair value recognized in profit or loss | 261 | 18 | (156) |
Changes in fair value recognized in equity | (190) | (269) | 59 |
Transfers out of Level 3 of fair value hierarchy, assets | (851) | ||
Level reclassifications into Level 3 | 1,189 | 194 | |
Other | 30 | (96) | 147 |
Assets at beginning/end of period | 4,473 | 1,363 | 1,349 |
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 442 | 196 | 86 |
Perimeter | 434 | 181 | 33 |
Sales | (17) | (95) | (3) |
Changes in fair value recognized in profit or loss | 76 | 8 | (40) |
Transfers into Level 3 of fair value hierarchy, liabilities | 143 | 161 | 126 |
Other | (4) | (9) | (6) |
Liabilities at end of period | 1,074 | 442 | 196 |
Other | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 2 | ||
Liabilities at end of period | 2 | ||
Financial liabilities held for trading | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 289 | 182 | 69 |
Perimeter | 136 | 41 | 33 |
Sales | (12) | (95) | (3) |
Changes in fair value recognized in profit or loss | 45 | 9 | (38) |
Transfers out of Level 3 of fair value hierarchy, liabilities | (164) | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 161 | 126 | |
Other | (5) | ||
Liabilities at end of period | 290 | 289 | 182 |
Financial liabilities held for trading | Derivatives | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 289 | 182 | 69 |
Perimeter | 136 | 41 | 33 |
Sales | (12) | (95) | (3) |
Changes in fair value recognized in profit or loss | 45 | 9 | (38) |
Transfers out of Level 3 of fair value hierarchy, liabilities | (164) | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 161 | 126 | |
Other | (4) | (9) | (5) |
Liabilities at end of period | 290 | 289 | 182 |
Financial liabilities held for trading | Swaps | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 111 | 100 | 1 |
Perimeter | 6 | ||
Sales | (5) | (7) | |
Changes in fair value recognized in profit or loss | (17) | (7) | (26) |
Transfers out of Level 3 of fair value hierarchy, liabilities | 20 | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 28 | 126 | |
Other | (3) | (1) | |
Liabilities at end of period | 115 | 111 | 100 |
Financial liabilities held for trading | Exchange rate options | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 7 | 9 | 0 |
Perimeter | 1 | 21 | |
Changes in fair value recognized in profit or loss | (2) | (11) | |
Transfers out of Level 3 of fair value hierarchy, liabilities | (7) | ||
Other | (1) | ||
Liabilities at end of period | 1 | 7 | 9 |
Financial liabilities held for trading | Interest rate options | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 26 | 19 | 21 |
Sales | (1) | ||
Changes in fair value recognized in profit or loss | 8 | (1) | (2) |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 10 | ||
Other | (1) | ||
Liabilities at end of period | 34 | 26 | 19 |
Financial liabilities held for trading | Index and securities options | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 143 | 41 | 46 |
Perimeter | 79 | 41 | |
Sales | (7) | (87) | (3) |
Changes in fair value recognized in profit or loss | 51 | 25 | |
Transfers out of Level 3 of fair value hierarchy, liabilities | (177) | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 128 | ||
Other | (1) | (5) | 2 |
Liabilities at end of period | 88 | 143 | 41 |
Financial liabilities held for trading | Securities and interest rate futures | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | ||
Perimeter | 3 | ||
Other | (1) | ||
Liabilities at end of period | 2 | 0 | |
Financial liabilities held for trading | Other | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 2 | 13 | 1 |
Perimeter | 47 | 12 | |
Changes in fair value recognized in profit or loss | 3 | (6) | 1 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | (5) | |
Other | (2) | (1) | |
Liabilities at end of period | 50 | 2 | 13 |
Hedging derivatives, category | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 6 | 7 | 9 |
Changes in fair value recognized in profit or loss | (1) | (2) | |
Transfers out of Level 3 of fair value hierarchy, liabilities | (6) | ||
Liabilities at end of period | 0 | 6 | 7 |
Hedging derivatives, category | Swaps | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 6 | 7 | 9 |
Changes in fair value recognized in profit or loss | (1) | (2) | |
Transfers out of Level 3 of fair value hierarchy, liabilities | (6) | ||
Liabilities at end of period | 0 | 6 | 7 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 147 | 7 | 8 |
Perimeter | 298 | 140 | |
Sales | (5) | ||
Changes in fair value recognized in profit or loss | 31 | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 313 | ||
Other | (1) | ||
Liabilities at end of period | 784 | 147 | 7 |
Hedging derivatives, category | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 0 | 21 | 18 |
Sales | (2) | ||
Changes in fair value recognized in profit or loss | 3 | (7) | |
Transfers out of Level 3 of fair value hierarchy, assets | (21) | ||
Assets at beginning/end of period | 21 | 18 | 27 |
Hedging derivatives, category | Swaps | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 0 | 21 | 18 |
Sales | (2) | ||
Changes in fair value recognized in profit or loss | 3 | (7) | |
Transfers out of Level 3 of fair value hierarchy, assets | (21) | ||
Assets at beginning/end of period | 21 | 18 | 27 |
Financial assets held for trading, category | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 598 | 738 | 437 |
Purchases | 142 | 85 | 45 |
Sales | (80) | (60) | (21) |
Changes in fair value recognized in profit or loss | 115 | (16) | (129) |
Transfers out of Level 3 of fair value hierarchy, assets | (317) | ||
Level reclassifications into Level 3 | 312 | 200 | |
Other | (20) | 1 | |
Assets at beginning/end of period | 738 | 437 | 341 |
Financial assets held for trading, category | Debt and equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 65 | 153 | 32 |
Purchases | 34 | 22 | |
Sales | (38) | (40) | (7) |
Changes in fair value recognized in profit or loss | 4 | 2 | (1) |
Transfers out of Level 3 of fair value hierarchy, assets | (88) | ||
Level reclassifications into Level 3 | 141 | ||
Other | (4) | ||
Assets at beginning/end of period | 153 | 32 | 40 |
Financial assets held for trading, category | Derivatives | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 533 | 585 | 405 |
Purchases | 108 | 63 | 45 |
Sales | (42) | (20) | (14) |
Changes in fair value recognized in profit or loss | 111 | (18) | (128) |
Transfers out of Level 3 of fair value hierarchy, assets | (229) | ||
Level reclassifications into Level 3 | 171 | 200 | |
Other | (16) | 1 | |
Assets at beginning/end of period | 585 | 405 | 301 |
Financial assets held for trading, category | Swaps | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 182 | 185 | 189 |
Purchases | 10 | 1 | |
Sales | (14) | (8) | (6) |
Changes in fair value recognized in profit or loss | 22 | 4 | (59) |
Transfers out of Level 3 of fair value hierarchy, assets | (20) | ||
Level reclassifications into Level 3 | 4 | 200 | |
Other | (1) | (4) | (2) |
Assets at beginning/end of period | 185 | 189 | 55 |
Financial assets held for trading, category | Exchange rate options | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 8 | 2 | 5 |
Purchases | 5 | ||
Changes in fair value recognized in profit or loss | 6 | (2) | (2) |
Other | 1 | ||
Assets at beginning/end of period | 2 | 5 | 2 |
Financial assets held for trading, category | Interest rate options | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 177 | 149 | 162 |
Sales | (5) | (3) | |
Changes in fair value recognized in profit or loss | 33 | (16) | (11) |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Level reclassifications into Level 3 | 8 | ||
Other | (2) | ||
Assets at beginning/end of period | 149 | 162 | 173 |
Financial assets held for trading, category | Index and securities options | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 95 | 198 | 5 |
Purchases | 48 | 41 | |
Sales | (18) | (1) | (1) |
Changes in fair value recognized in profit or loss | 50 | (35) | (18) |
Transfers out of Level 3 of fair value hierarchy, assets | (182) | ||
Level reclassifications into Level 3 | 195 | ||
Other | (1) | (7) | (2) |
Assets at beginning/end of period | 198 | 5 | 26 |
Financial assets held for trading, category | Other | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 71 | 51 | 44 |
Purchases | 50 | 22 | 39 |
Sales | (5) | (8) | (7) |
Changes in fair value recognized in profit or loss | 31 | (38) | |
Transfers out of Level 3 of fair value hierarchy, assets | (27) | (36) | |
Other | 2 | (2) | 5 |
Assets at beginning/end of period | 51 | 44 | 45 |
Non-trading financial assets mandatory at fair value through profit or loss | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 1,601 | 1,403 | |
Purchases | 426 | 66 | |
Sales | (325) | (35) | |
Changes in fair value recognized in profit or loss | 81 | 12 | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Level reclassifications into Level 3 | 31 | ||
Other | 16 | (36) | |
Assets at beginning/end of period | 1,403 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Loans and advances - Customers | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 376 | 460 | |
Purchases | 126 | 56 | |
Sales | (252) | (22) | |
Changes in fair value recognized in profit or loss | 21 | 20 | |
Other | 21 | (59) | |
Assets at beginning/end of period | 460 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 675 | 481 | |
Purchases | 199 | ||
Sales | (7) | (7) | |
Changes in fair value recognized in profit or loss | (10) | (29) | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Level reclassifications into Level 3 | 1 | ||
Other | 12 | (2) | |
Assets at beginning/end of period | 481 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 550 | 462 | |
Purchases | 101 | 10 | |
Sales | (66) | (6) | |
Changes in fair value recognized in profit or loss | 70 | 21 | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Level reclassifications into Level 3 | 30 | ||
Other | (17) | 25 | |
Assets at beginning/end of period | 462 | ||
Financial assets at fair value through other comprehensive income, category | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 3,788 | 1,435 | |
Purchases | 4,424 | 162 | |
Sales | (1,698) | (238) | |
Changes in fair value recognized in equity | (190) | (269) | |
Transfers out of Level 3 of fair value hierarchy, assets | (252) | ||
Level reclassifications into Level 3 | 147 | ||
Other | 69 | (93) | |
Assets at beginning/end of period | 1,435 | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 664 | 876 | 282 |
Purchases | 55 | 105 | |
Sales | (16) | (9) | |
Changes in fair value recognized in profit or loss | 65 | 19 | (20) |
Transfers out of Level 3 of fair value hierarchy, assets | (261) | ||
Level reclassifications into Level 3 | 699 | ||
Other | (55) | 53 | (14) |
Assets at beginning/end of period | 876 | 282 | 325 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Credit institutions | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 50 | 201 | |
Changes in fair value recognized in profit or loss | (1) | ||
Transfers out of Level 3 of fair value hierarchy, assets | (151) | ||
Level reclassifications into Level 3 | 202 | ||
Assets at beginning/end of period | 201 | ||
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances - Customers | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 32 | 560 | 72 |
Purchases | 20 | ||
Sales | (9) | (2) | |
Changes in fair value recognized in profit or loss | (1) | 6 | 3 |
Transfers out of Level 3 of fair value hierarchy, assets | (496) | ||
Level reclassifications into Level 3 | 497 | ||
Other | (42) | 57 | (3) |
Assets at beginning/end of period | 560 | 72 | 74 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 582 | 115 | 199 |
Purchases | 35 | 105 | |
Sales | (7) | (7) | |
Changes in fair value recognized in profit or loss | 66 | 14 | (21) |
Transfers out of Level 3 of fair value hierarchy, assets | 386 | ||
Other | (13) | (4) | (10) |
Assets at beginning/end of period | € 115 | 199 | 237 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 11 | ||
Changes in fair value recognized in profit or loss | (2) | ||
Other | (1) | ||
Assets at beginning/end of period | 11 | 14 | |
Financial assets available for sale, category | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 626 | ||
Purchases | 1 | ||
Sales | (244) | ||
Changes in fair value recognized in equity | 59 | ||
Transfers out of Level 3 of fair value hierarchy, assets | (6) | ||
Other | 160 | ||
Assets at beginning/end of period | 626 | 656 | |
Financial assets available for sale, category | Equity instruments | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | € 1,211 | ||
Assets at beginning/end of period | € 1,211 |
Accounting policies - Offsettin
Accounting policies - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | € 215,854 | € 186,169 | € 160,441 |
Gross amount of financial liabilities offset in the balance sheet | (60,944) | (46,540) | (45,105) |
Net amount of financial assets presented in the balance sheet | 154,910 | 139,629 | 115,336 |
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 205,927 | 186,414 | 214,849 |
Gross amount of financial assets offset in the balance sheet | (60,944) | (46,540) | (45,105) |
Net amount of financial liabilities presented in the balance sheet | 144,983 | 139,874 | 169,744 |
Gross amount of other items offset in the balance sheet | 1,366 | 1,445 | 1,645 |
Assets subject to netting and collateral arrangements on balance sheet | 141,201 | 128,637 | 97,017 |
Liabilities subject to netting and collateral arrangements on balance sheet | 134,694 | 130,969 | 153,566 |
Derivatives | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 126,389 | 107,055 | 103,740 |
Gross amount of financial liabilities offset in the balance sheet | (55,776) | (42,509) | (37,960) |
Net amount of financial assets presented in the balance sheet | 70,613 | 64,546 | 65,780 |
Reverse repurchase agreements | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 89,465 | 79,114 | 56,701 |
Gross amount of financial liabilities offset in the balance sheet | (5,168) | (4,031) | (7,145) |
Net amount of financial assets presented in the balance sheet | 84,297 | 75,083 | 49,556 |
Derivatives | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 124,840 | 104,213 | 103,896 |
Gross amount of financial assets offset in the balance sheet | (55,776) | (42,509) | (37,960) |
Net amount of financial liabilities presented in the balance sheet | 69,064 | 61,704 | 65,936 |
Repurchase agreements | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 81,087 | 82,201 | 110,953 |
Gross amount of financial assets offset in the balance sheet | (5,168) | (4,031) | (7,145) |
Net amount of financial liabilities presented in the balance sheet | € 75,919 | € 78,170 | € 103,808 |
Accounting policies - Assets he
Accounting policies - Assets held for sale (Details) € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€) | |
Disclosure of fair value measurement of assets [line items] | |
Maximum percentage of appraisal company's total billings to Group | 15.00% |
Fair value less costs to sell of non-current assets held for sale exceeding carrying amount | € 601 |
SPAIN | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of entity's total non-current assets held for sale | 86.00% |
Accounting policies - Tangible
Accounting policies - Tangible assets - Property, plant and equipment for own use (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Buildings | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 2.00% |
Furniture | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 7.70% |
Fixtures | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 7.00% |
Office and IT equipment | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 25.00% |
Accounting policies - Other ass
Accounting policies - Other assets (Details) - Enagás Transporte € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€) | |
Investment [Line Items] | |
Right of collection, amount of principal | € 666 |
Recognised value of investment and obligation to pay | € 1,350 |
Right of collection, period | 30 years |
Compensation and right of collection cancelled | € 1,350 |
Accounting policies - Income ta
Accounting policies - Income tax (Details) € in Millions | Dec. 31, 2019EUR (€) |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Unrecognised, deferred tax liabilities | € 920 |
Accounting policies Accounting
Accounting policies Accounting Policies - Consolidated statement of cash flows (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Accounting Policies Abstract [Abstract] | ||
Interest received | € 55,269,000,000 | € 50,685,000,000 |
Interest paid | € 20,671,000,000 | € 19,927,000,000 |
Santander Group - Acquisition o
Santander Group - Acquisition of Ebury (Details) - Ebury € in Millions, £ in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Nov. 04, 2019EUR (€) | Nov. 04, 2019GBP (£) |
Disclosure of detailed information about business combination [line items] | ||||
Percentage of voting equity interests acquired | 6.40% | 6.40% | 50.10% | 50.10% |
Consideration transferred, acquisition-date fair value | € 45 | £ 40 | € 400 | £ 350 |
Equity interests of acquirer | € 80 | £ 70 |
Santander Group - Agreement wit
Santander Group - Agreement with Credit Agricole (Details) - EUR (€) € in Millions | Apr. 17, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 |
Disclosure of detailed information about business combination [line items] | |||||
Net capital gain on non-current assets held-for-sale | € (232) | € (123) | € (203) | ||
Caceis | |||||
Disclosure of detailed information about business combination [line items] | |||||
Proportion of ownership interest expected following purchase transaction | 30.50% | ||||
Proportion of ownership interest not held by entity | 69.50% | ||||
Net capital gain on non-current assets held-for-sale | 693 | ||||
Gains (losses) on financial assets at fair value through profit or loss, designated upon initial recognition or subsequently | 219 | ||||
SPAIN | |||||
Disclosure of detailed information about business combination [line items] | |||||
Share capital contributed (as a percent) | 100.00% | ||||
Latin America | Caceis | |||||
Disclosure of detailed information about business combination [line items] | |||||
Share capital contributed (as a percent) | 49.99% | ||||
Caceis | |||||
Disclosure of detailed information about business combination [line items] | |||||
Investments in associates | € 1,010 | ||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Acquisition_2
Santander Group - Acquisition of Banco Santander Mexico (Details) - Santander Mexico € in Millions | Jul. 23, 2019EUR (€)shares | Apr. 12, 2019shares |
Disclosure of detailed information about business combination [line items] | ||
Proportion of ownership interest not held by entity | 25.00% | |
New shares issuable per acquiree share (in shares) | shares | 0.337 | |
ADS exchange ratio (in shares) | shares | 1.685 | |
Share capital contributed (as a percent) | 2.35% | 16.69% |
Proportion of ownership interest in entity | 91.65% | |
Number of instruments or interests issued or issuable (in shares) | shares | 381,540,640 | |
Increase in capital | € 191 | |
Increase in issue premium | 1,491 | |
Decrease in reserves | 670 | |
Decrease in minority interests | € 1,012 |
Santander Group - Reorganizatio
Santander Group - Reorganization of insurance business (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Jan. 15, 2020 | Jun. 25, 2019 | Jan. 21, 2019 | |
Disclosure of detailed information about business combination [line items] | ||||
Liability due at termination of agreement | € 859 | |||
Portion of business acquired by first counterparty | 51.00% | |||
Portion of business acquired by second counterparty | 50.01% | |||
Mapfre | ||||
Disclosure of detailed information about business combination [line items] | ||||
Proportion of ownership interest not held by entity | 51.00% | |||
Consideration transferred, acquisition-date fair value | € 82 |
Santander Group - Sale of WiZin
Santander Group - Sale of WiZink (Details) - EUR (€) | Nov. 06, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 | Jun. 30, 2017 | Jun. 07, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about business combination [line items] | ||||||||
Proceeds from sale of equity method investment | € 686,000,000 | € 2,327,000,000 | € 883,000,000 | |||||
Wizink Bank, S.A. | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Ownership interest disposed, as a percent | 49.00% | |||||||
Proceeds from sale of equity method investment | € 1,043,000,000 | |||||||
Banco Popular Espanol, S.A. | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Consideration paid | € 1 | € 681,000,000 | ||||||
Net identifiable assets acquired (liabilities assumed) | € (248,000,000) | 306,000,000 | ||||||
Loans and advances to customers | 82,057,000,000 | 315,000,000 | ||||||
Goodwill recognised as of acquisition date | € 248,000,000 | € 375,000,000 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Acquisition_3
Santander Group - Acquisition of Deutsche Bank Polska (Details) - EUR (€) € in Millions | 1 Months Ended | 12 Months Ended | |||
Nov. 30, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 | |
Disclosure of detailed information about business combination [line items] | |||||
Negative goodwill recognised in results | € 0 | € 67 | € 0 | ||
Retail and Private Banking Business of Deutsche Bank Polska SA | |||||
Disclosure of detailed information about business combination [line items] | |||||
Consideration transferred, acquisition-date fair value | € 298 | ||||
Identifiable assets acquired (liabilities assumed) | 365 | ||||
Loans and advances to customers | 4,304 | ||||
Loans and advances to credit institutions | 4,025 | ||||
Revaluation adjustment | 82 | ||||
Negative goodwill recognised in results | € 67 | ||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Banco Popular
Santander Group - Banco Popular Acquisition (Details) - EUR (€) € in Millions | Jun. 07, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 | Sep. 08, 2017 | Dec. 31, 2016 |
Fair values of the identifiable assets acquired and liabilities assumed at date of combination | |||||||
Fidelity Bonds, market value | € 598 | € 565 | € 525 | € 686 | |||
Banco Popular Espanol, S.A. | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 100.00% | ||||||
Fair values of the identifiable assets acquired and liabilities assumed at date of combination | |||||||
Cash and balances with central banks | € 1,861 | ||||||
Financial assets available-for-sale | 18,974 | ||||||
Deposits from credit institutions | 2,971 | ||||||
Loans and receivables - Loans and advances to customers | 82,057 | € 315 | |||||
Investments | 1,815 | ||||||
Intangible assets | 133 | ||||||
Tax assets | 3,945 | ||||||
Non-current assets held for sale | 6,531 | ||||||
Other assets | 6,259 | ||||||
Total assets | 124,546 | ||||||
Deposits from central banks | 28,845 | ||||||
Deposits from credit institutions | 14,094 | ||||||
Customer deposits | 62,270 | ||||||
Marketable debt securities and other financial liabilities | 12,919 | ||||||
Provisions | 1,816 | ||||||
Other liabilities | 4,850 | ||||||
Total liabilities | 124,794 | ||||||
Net asset value | (248) | 306 | |||||
Goodwill recognised as of acquisition date | 248 | € 375 | |||||
Provisional fair value adjustments for loans and receivables | 3,239 | ||||||
Provisional fair value adjustments for foreclosed assets | 3,806 | ||||||
Provisional fair value adjustments for intangible assets | 2,469 | ||||||
Provisional fair value adjustments for deferred tax assets | 1,711 | ||||||
Expected cost | 680 | ||||||
Fidelity Bonds, market value | € 535 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Sale of Banco
Santander Group - Sale of Banco Popular real estate business (Details) - EUR (€) € in Millions | Mar. 22, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about business combination [line items] | |||||||
Investments accounted for using equity method | € 8,772 | € 7,588 | € 6,150 | € 6,184 | € 4,836 | ||
Banco Popular Real Estate Business [Member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Ownership interest (as a percent) | 49.00% | ||||||
Contributed assets | € 10,000 | ||||||
Portion financed with debt, as a percent | 70.00% | ||||||
Aliseda Servicios De Gestion Inmobiliaria SL [Member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 51.00% | ||||||
Blackstone Fund | Banco Popular Real Estate Business [Member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Investments accounted for using equity method | € 2,000 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Agreement w_2
Santander Group - Agreement with Santander Asset Management and Sale of Allfunds (Details) - EUR (€) € in Millions | Nov. 21, 2017 | Mar. 07, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Dec. 31, 2017 | Dec. 22, 2017 | Nov. 16, 2016 |
Disclosure of detailed information about business combination [line items] | ||||||||
Proceeds from sale of equity method investment | € 686 | € 2,327 | € 883 | |||||
Proportion of share capital in disposal group sold | 25.00% | |||||||
Allfunds Bank Sa | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Proportion of ownership interest not held by entity | 50.00% | |||||||
Proportion of ownership interest in joint venture to be sold | 100.00% | 100.00% | 100.00% | |||||
Proceeds from sale of equity method investment | € 501 | € 501 | ||||||
Proportion of share capital in disposal group sold | 25.00% | |||||||
Net gain on disposal of investment | € 297 | € 425 | ||||||
Santander Asset Management (SAM) | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of voting equity interests acquired | 50.00% | |||||||
Consideration transferred, acquisition-date fair value | € 545 | |||||||
Assumed financing | 439 | |||||||
Goodwill recognised as of acquisition date | 1,173 | |||||||
Identifiable intangible assets recognised as of acquisition date | 320 | |||||||
Financial assets recognised as of acquisition date | 181 | |||||||
Deferred tax assets recognised as of acquisition date | € 176 | |||||||
Societe Financiere De Banque S O F I B [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of voting equity interests acquired | 50.00% | |||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Santander Group - Purchase of s
Santander Group - Purchase of shares SCUSA (Details) € in Millions, $ in Millions | Nov. 15, 2017EUR (€) | Jul. 02, 2015 | Nov. 15, 2017USD ($) | Nov. 15, 2017EUR (€) |
Disclosure of detailed information about business combination [line items] | ||||
Decrease in reserve | € 307 | |||
DDFS LLC | ||||
Disclosure of detailed information about business combination [line items] | ||||
Proportion of ownership interest under purchase agreement | 9.65% | 9.65% | ||
Consideration transferred, acquisition-date fair value | $ 942 | € 800 | ||
Decrease in non-controlling interest | € 492 |
Santander Group - Off-shore ent
Santander Group - Off-shore entities (Details) | 12 Months Ended | ||
Dec. 31, 2019employeesubsidiaryitem | Dec. 31, 2018€ / $ | Dec. 31, 2017€ / $ | |
Disclosure of detailed information about business combination [line items] | |||
Number of persons | 196,419 | 202,713 | 202,251 |
Off-shore entities | |||
Disclosure of detailed information about business combination [line items] | |||
Number of subsidiaries resident in off-shore territories | 3 | ||
Number of branches | item | 4 | ||
Number of persons | employee | 135 | ||
Jersey | Off-shore entities | |||
Disclosure of detailed information about business combination [line items] | |||
Number of subsidiaries resident in off-shore territories | 2 | ||
Number of branches | item | 1 | ||
Isle Of Man | Off-shore entities | |||
Disclosure of detailed information about business combination [line items] | |||
Number of subsidiaries resident in off-shore territories | 1 | ||
Number of branches | item | 1 | ||
Cayman Islands | Off-shore entities | |||
Disclosure of detailed information about business combination [line items] | |||
Number of branches | item | 2 | ||
UK | |||
Disclosure of detailed information about business combination [line items] | |||
Number of tax resident | 3 | ||
UK | Off-shore entities | |||
Disclosure of detailed information about business combination [line items] | |||
Number of subsidiaries resident in off-shore territories | 4 | ||
Number of subsidiaries expected to be liquidated | 1 |
Distribution of the Bank's pr_3
Distribution of the Bank's profit, etc. - Distributions (Details) € / shares in Units, € in Millions, $ in Millions | Sep. 24, 2019USD ($)€ / shares | Dec. 31, 2019EUR (€)payment€ / shares | Dec. 31, 2018EUR (€)payment | Dec. 31, 2017EUR (€) | |
Shareholder remuneration system and earnings per share | |||||
Dividend distributed December 31 | $ 1,662 | € 1,662 | € 2,237 | [1] | € 2,029 |
Complementary dividend (includes cash dividend from shareholders who opt to receive cash in script dividend) | 1,761 | ||||
Total dividend distributions and complementary dividends (includes cash dividend from shareholders who opt to receive cash in script dividend) | 3,423 | ||||
To voluntary reserves | 107 | ||||
Net profit for the year | € 3,530 | ||||
Number of dividend payments to shareholders in the current year | payment | 2 | 4 | |||
Total remuneration per share | € / shares | € 0.23 | ||||
Dividends per share (in eur per share) | € / shares | $ 0.10 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Distribution of the Bank's pr_4
Distribution of the Bank's profit, etc. - EPS Basic (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Basic earnings per share [abstract] | ||||
Profit attributable to the parent | € 6,515 | € 7,810 | [1] | € 6,619 |
Remuneration of contingently convertible preference shares (CCP) (millions of euros) | (595) | (560) | (395) | |
Net profit for the year | 5,920 | 7,250 | 6,224 | |
Profit (loss) from discontinued operations (net of non-controlling interests) | 0 | 0 | 0 | |
Profit or Loss from continuing operations (net of non-controlling interests and CCP) (millions of euros) | € 5,920 | € 7,250 | € 6,224 | |
Weighted average number of shares outstanding | 16,348,415,883 | 16,150,090,739 | 15,394,458,789 | |
Total basic earnings (loss) per share (in euro per share) | € 0.362 | € 0.449 | [1] | € 0.404 |
Basic earnings per share from discontinued operations (euros) | 0 | 0 | 0 | |
Basic earnings per share from continuing operations (euros) | € 0.362 | € 0.449 | € 0.404 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Distribution of the Bank's pr_5
Distribution of the Bank's profit, etc. - EPS Diluted (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Diluted earnings per share [abstract] | ||||
Profit attributable to the parent | € 6,515 | € 7,810 | [1] | € 6,619 |
Remuneration of contingently convertible preference shares (CCP) (millions of euros) | (595) | (560) | (395) | |
Profit attributable to ordinary equity holders of parent including dilutive effects | 5,920 | 7,250 | 6,224 | |
Profit (loss) from discontinued operations (net of non-controlling interests) | 0 | 0 | 0 | |
Profit or Loss from continuing operations (net of non-controlling interests and CCP) (millions of euros) | € 5,920 | € 7,250 | € 6,224 | |
Weighted average number of shares outstanding | 16,348,415,883 | 16,150,090,739 | 15,394,458,789 | |
Dilutive effect of options/rights on shares (in shares) | 35,891,644 | 42,873,078 | 50,962,887 | |
Adjusted number of shares (in shares) | 16,384,307,527 | 16,192,963,817 | 15,445,421,676 | |
Total diluted earnings (loss) per share (in euro per share) | € 0.361 | € 0.448 | [1] | € 0.403 |
Diluted earnings per share from discontinued operations (euros) | 0 | 0 | 0 | |
Diluted earnings per share from continuing operations (euros) | € 0.361 | € 0.448 | € 0.403 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Remuneration and other benefi_3
Remuneration and other benefits paid to the Bank’s directors and senior managers - Emoluments (Details) | 12 Months Ended | |
Dec. 31, 2019EUR (€)component | Dec. 31, 2018EUR (€)component | |
Remuneration of key personnel | ||
By-law stipulated emoluments | € 4,900,000 | € 4,600,000 |
Minimum | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 700,000 | |
Bank's directors and senior managers | ||
Remuneration of key personnel | ||
Remuneration of directors approved by the board of directors | € 6,000,000 | € 6,000,000 |
Number of remuneration components | component | 2 | 2 |
Members of the board of directors | ||
Remuneration of key personnel | ||
Annual emoluments, per director | € 90,000 | € 90,000 |
Members of the executive committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 170,000 | 170,000 |
Members of the audit committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 40,000 | 40,000 |
Members of the appointments committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 25,000 | 25,000 |
Members of the remuneration committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 25,000 | 25,000 |
Members of the risk supervision, regulation and compliance oversight committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 40,000 | 40,000 |
Members of the responsible banking sustainability and culture committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 15,000 | 15,000 |
Chairman of the audit committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 70,000 | 70,000 |
Chairman of the appointments committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 50,000 | 50,000 |
Chairman of the remuneration committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 50,000 | 50,000 |
Chairman of the risk, regulation and compliance oversight committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 70,000 | 70,000 |
Chairman of the responsible banking sustainability and culture committee | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 50,000 | 50,000 |
Coordinating director | ||
Remuneration of key personnel | ||
Annual emoluments, per director | 110,000 | 110,000 |
Non-executive deputy chairman | ||
Remuneration of key personnel | ||
Annual emoluments, per director | € 30,000 | € 30,000 |
Remuneration and other benefi_4
Remuneration and other benefits paid to the Bank’s directors and senior managers - Attendance fees (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Members of the board of directors | ||
Remuneration of key personnel | ||
Attendance fees and commissions, per meeting | € 2,600 | € 2,600 |
Audit committee and risk supervision, regulation and compliance oversight committee | ||
Remuneration of key personnel | ||
Attendance fees and commissions, per meeting | 1,700 | 1,700 |
Other committees | ||
Remuneration of key personnel | ||
Attendance fees and commissions, per meeting | € 1,500 | € 1,500 |
Remuneration and other benefi_5
Remuneration and other benefits paid to the Bank’s directors and senior managers - Salaries (Details) | 12 Months Ended | 60 Months Ended | ||
Dec. 31, 2019Annuitypayment | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2015 | |
Remuneration of key personnel | ||||
Immediate payment percentage | 40.00% | |||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Number of payments subject to fulfilment of specific objectives | payment | 5 | |||
Variable renumeration deferred payment, number of annuities | 3 | |||
Deferred variable compensation plan linked to multiannual objectives | ||||
Remuneration of key personnel | ||||
Immediate payment percentage | 40.00% | |||
Deferred percentage | 60.00% | 60.00% | ||
Variable Remuneration or bonus deferral period | 5 years | 5 years | 5 years | |
Variable renumeration deferred payment, number of annuities | 3 | |||
Percentage paid in cash | 50.00% | 50.00% | ||
Percentage paid in shares | 50.00% | 50.00% |
Remuneration and other benefi_6
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration by Director (Details) - EUR (€) € in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2015 | |
Remuneration of key personnel | ||||
Attendance fees | € 1,094 | € 872 | ||
Fixed salary | 6,317 | 7,517 | ||
Variable compensation, immediate payments, cash | 2,572 | 3,254 | ||
Variable compensation, immediate payments, in shares | 2,572 | 3,254 | ||
Deferred variable compensation, cash | 1,543 | 1,952 | ||
Deferred variable compensation, in shares | 1,543 | 1,952 | ||
Total Short-term and deferred (not subject to long term goals) salaries | 14,547 | 17,929 | ||
Pension | 2,003 | 2,284 | ||
Other remuneration | 5,772 | 2,932 | ||
Total remuneration | 27,187 | 27,761 | ||
Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Attendance fees | 59 | |||
Fixed salary | 3,176 | |||
Variable compensation, immediate payments, cash | 1,302 | |||
Variable compensation, immediate payments, in shares | 1,302 | |||
Deferred variable compensation, cash | 781 | |||
Deferred variable compensation, in shares | 781 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 7,342 | |||
Pension | 1,145 | |||
Other remuneration | 1,132 | |||
Total remuneration | 9,953 | 10,483 | ||
Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Attendance fees | 53 | |||
Fixed salary | 2,541 | |||
Variable compensation, immediate payments, cash | 870 | |||
Variable compensation, immediate payments, in shares | 870 | |||
Deferred variable compensation, cash | 522 | |||
Deferred variable compensation, in shares | 522 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 5,325 | |||
Pension | 858 | |||
Other remuneration | 1,774 | |||
Total remuneration | 8,270 | 8,645 | ||
Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Attendance fees | 87 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 700 | 732 | ||
Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Attendance fees | 56 | |||
Fixed salary | 600 | |||
Variable compensation, immediate payments, cash | 400 | |||
Variable compensation, immediate payments, in shares | 400 | |||
Deferred variable compensation, cash | 240 | |||
Deferred variable compensation, in shares | 240 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 1,880 | |||
Pension | 0 | |||
Other remuneration | 2,775 | |||
Total remuneration | 4,875 | 4,830 | ||
Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Attendance fees | 89 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 399 | 441 | ||
Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Attendance fees | 81 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 226 | 199 | ||
Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Attendance fees | 93 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 91 | |||
Total remuneration | 524 | 513 | ||
Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Attendance fees | 47 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 137 | 121 | ||
Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Attendance fees | 85 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 240 | 215 | ||
Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Attendance fees | 79 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 228 | 196 | ||
Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Attendance fees | 100 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 525 | 414 | ||
Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Attendance fees | 95 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 500 | 450 | ||
Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Attendance fees | 61 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 276 | 148 | ||
Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Attendance fees | 33 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 86 | 0 | ||
Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Attendance fees | 11 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 34 | 0 | ||
Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Attendance fees | 65 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 214 | 266 | ||
Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Attendance fees | 0 | |||
Fixed salary | 0 | |||
Variable compensation, immediate payments, cash | 0 | |||
Variable compensation, immediate payments, in shares | 0 | |||
Deferred variable compensation, cash | 0 | |||
Deferred variable compensation, in shares | 0 | |||
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |||
Pension | 0 | |||
Other remuneration | 0 | |||
Total remuneration | 0 | 108 | ||
Members of the board of directors | ||||
Remuneration of key personnel | ||||
Annual emoluments | 1,794 | 1,763 | ||
Members of the board of directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 393 | |||
Members of the board of directors | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 90 | |||
Members of the board of directors | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 160 | |||
Members of the board of directors | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 140 | |||
Members of the board of directors | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 160 | |||
Members of the board of directors | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 41 | |||
Members of the board of directors | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 16 | |||
Members of the board of directors | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 74 | |||
Members of the board of directors | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 1,247 | 1,275 | ||
Members of the executive committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 57 | |||
Members of the executive committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 170 | |||
Members of the executive committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the executive committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 168 | 160 | ||
Members of the audit committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the audit committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the audit committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the audit committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the audit committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 8 | |||
Members of the audit committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 7 | |||
Members of the audit committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 33 | |||
Members of the audit committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 117 | 113 | ||
Members of the appointments committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the appointments committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 17 | |||
Members of the appointments committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the appointments committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the appointments committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 4 | |||
Members of the appointments committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the appointments committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 21 | |||
Members of the appointments committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 125 | 125 | ||
Members of the remuneration committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the remuneration committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the remuneration committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the remuneration committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 25 | |||
Members of the remuneration committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 4 | |||
Members of the remuneration committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the remuneration committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 21 | |||
Members of the remuneration committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 200 | 247 | ||
Members of the risk supervision, regulation and compliance oversight committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the risk supervision, regulation and compliance oversight committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 40 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the risk supervision, regulation and compliance oversight committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | ||||
Remuneration of key personnel | ||||
Annual emoluments | 120 | 61 | ||
Members of the responsible banking sustainability and culture committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Mr. Bruce Carnegie-Brown | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Mr. Rodrigo Echenique Gordillo | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Mr. Guillermo de la Dehesa Romero | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Ms. Homaira Akbari | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Ms. Sol Daurella Comadran | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Ms. Esther Gimenez-Salinas i Colomer | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mrs. Belen Romana Garcia | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mr. Ramiro Mato Garca Ansorena | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mr. Alvaro Cardoso De Souza | ||||
Remuneration of key personnel | ||||
Annual emoluments | 15 | |||
Members of the responsible banking sustainability and culture committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Ms. Pamela Ann Walkden | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Mr. Carlos Fernandez Gonzalez | ||||
Remuneration of key personnel | ||||
Annual emoluments | 0 | |||
Members of the responsible banking sustainability and culture committee | Mr. Juan Miguel Villar Mir | ||||
Remuneration of key personnel | ||||
Annual emoluments | € 0 | |||
Directors | ||||
Remuneration of key personnel | ||||
Pension | € 0 | € 0 | € 0 |
Remuneration and other benefi_7
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration by Director - Multiannual (Details) € in Thousands, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019EUR (€) | Dec. 31, 2019BRL (R$) | Dec. 31, 2018EUR (€) | |
Mr. Rodrigo Echenique Gordillo | |||
Remuneration of key personnel | |||
Compensation received as a non-executive director | € 666 | ||
Mr. Alvaro Cardoso De Souza | |||
Remuneration of key personnel | |||
Compensation received as a non-executive director | € 397 | R$ 1752 | |
Deferred variable compensation plan linked to multiannual objectives | |||
Remuneration of key personnel | |||
Fair value of plan, initial achievement | 70.00% | 70.00% | |
Deferred variable compensation plan linked to multiannual objectives | Minimum | |||
Remuneration of key personnel | |||
Reasonable initial achievement ratio | 60.00% | 60.00% | |
Deferred variable compensation plan linked to multiannual objectives | Maximum | |||
Remuneration of key personnel | |||
Reasonable initial achievement ratio | 80.00% | 80.00% | |
Deferred variable compensation plan linked to multiannual objectives | Directors | |||
Remuneration of key personnel | |||
Variable compensation subject to Long-term objectives, in cash | € 1,621 | ||
Variable compensation subject to Long-term objectives, in shares | 1,621 | ||
Total | € 3,242 | € 4,100 | |
Number of years of compensation subject to conditions of continued service | 3 years | 3 years | |
Deferred variable compensation plan linked to multiannual objectives | Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | |||
Remuneration of key personnel | |||
Variable compensation subject to Long-term objectives, in cash | € 821 | ||
Variable compensation subject to Long-term objectives, in shares | 821 | ||
Total | 1,642 | 1,864 | |
Deferred variable compensation plan linked to multiannual objectives | Directors | Mr. Jose Antonio Alvarez Alvarez | |||
Remuneration of key personnel | |||
Variable compensation subject to Long-term objectives, in cash | 548 | ||
Variable compensation subject to Long-term objectives, in shares | 548 | ||
Total | 1,096 | 1,246 | |
Deferred variable compensation plan linked to multiannual objectives | Directors | Mr. Rodrigo Echenique Gordillo | |||
Remuneration of key personnel | |||
Variable compensation subject to Long-term objectives, in cash | 252 | ||
Variable compensation subject to Long-term objectives, in shares | 252 | ||
Total | € 504 | € 990 |
Remuneration and other benefi_8
Remuneration and other benefits paid to the Bank’s directors and senior managers - Post-employment (Details) € in Thousands | 12 Months Ended | |
Dec. 31, 2019EUR (€)Variable_renumeration_amt | Dec. 31, 2018EUR (€) | |
Related party transactions key personnel | ||
Period for investment in bank shares from date of termination | 5 years | |
Insurance | ||
Disbursed for payment of civil liability insurance premium | € 11,600 | € 10,100 |
Bank's Directors | ||
Related party transactions key personnel | ||
Pensionable base, expressed as a percent of fixed remuneration | 22.00% | |
Pensionable base, percent of average last three variable renumeration amounts used in determination | 30.00% | |
Pensionable base, number of variable renumeration amounts used in determination | Variable_renumeration_amt | 3 | |
Directors | ||
Related party transactions key personnel | ||
Provisions for employee benefits | € 2,003 | 2,284 |
Balances held under the welfare system | 78,776 | 76,337 |
Other directors | ||
Related party transactions key personnel | ||
Contributions to plan | 900 | 900 |
Other directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | 0 | 0 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | ||
Related party transactions key personnel | ||
Provisions for employee benefits | 1,145 | 1,234 |
Balances held under the welfare system | 48,104 | 46,093 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | 22,475 | 22,710 |
Mr. Jose Antonio Alvarez Alvarez | Directors | ||
Related party transactions key personnel | ||
Provisions for employee benefits | 858 | 1,050 |
Balances held under the welfare system | 17,404 | 16,630 |
Mr. Jose Antonio Alvarez Alvarez | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | 19,373 | 19,694 |
Mr. Rodrigo Echenique Gordillo | Directors | ||
Related party transactions key personnel | ||
Balances held under the welfare system | 13,268 | 13,614 |
Mr. Rodrigo Echenique Gordillo | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | 5,400 | 5,400 |
Mr. Matias Rodriguez Inciarte | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | € 47,248 | € 47,804 |
Remuneration and other benefi_9
Remuneration and other benefits paid to the Bank’s directors and senior managers - Deferred variable remuneration systems (Details) | 12 Months Ended | 60 Months Ended | ||
Dec. 31, 2019Payment_portionAnnuityperiod | Dec. 31, 2018 | Dec. 31, 2017period | Dec. 31, 2015 | |
Related party transactions key personnel | ||||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |||
Deferred variable compensation plan linked to multiannual objectives | ||||
Related party transactions key personnel | ||||
Deferred percentage | 60.00% | 60.00% | ||
Variable Remuneration or bonus deferral period | 5 years | 5 years | 5 years | |
Number of trading sessions | period | 15 | |||
Number of payment portions | Payment_portion | 5 | |||
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |||
Percentage paid in cash | 50.00% | 50.00% | ||
Percentage paid in shares | 50.00% | 50.00% | ||
Deferred variable compensation plan linked to multiannual objectives | Directors | ||||
Related party transactions key personnel | ||||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Deferred variable compensation plan linked to multiannual objectives | Other directors | ||||
Related party transactions key personnel | ||||
Variable Remuneration or bonus deferral period | 3 years | |||
Deferred conditional variable remuneration plan | ||||
Related party transactions key personnel | ||||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Deferred conditional variable remuneration plan | Directors | ||||
Related party transactions key personnel | ||||
Number of trading sessions | period | 15 | |||
Deferred conditional variable renumeration plans up to 2014 | ||||
Related party transactions key personnel | ||||
Variable Remuneration or bonus deferral period | 3 years | |||
Deferred conditional variable renumeration plans up to 2014 | Directors | ||||
Related party transactions key personnel | ||||
Percentage of plan accrued | 33.00% | |||
Deferred conditional variable renumeration plan after 2014 | Directors | ||||
Related party transactions key personnel | ||||
Percentage of plan accrued | 20.00% |
Remuneration and other benef_10
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration (Details) | 12 Months Ended | 60 Months Ended | ||
Dec. 31, 2019sharespaymentinstallment | Dec. 31, 2018shares | Dec. 31, 2017shares | Dec. 31, 2015 | |
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at end of period (in shares) | ||||
Immediate payment percentage | 40.00% | |||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Number of payments subject to fulfilment of specific objectives | payment | 5 | |||
Deferred variable compensation plan linked to multiannual objectives | ||||
Share-based variable remuneration | ||||
Immediate payment percentage | 40.00% | |||
Deferred percentage | 60.00% | 60.00% | ||
Variable Remuneration or bonus deferral period | 5 years | 5 years | 5 years | |
Directors | 2014 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (88,353) | |||
Directors | 2014 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 88,353 | |||
Maximum number of shares to be delivered at end of period (in shares) | 88,353 | |||
Directors | Deferred conditional variable remuneration plan (2015) | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (138,927) | (138,927) | ||
Maximum number of shares to be delivered at end of period (in shares) | 277,851 | |||
Directors | Deferred conditional variable remuneration plan (2015) | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 416,778 | 555,705 | ||
Maximum number of shares to be delivered at end of period (in shares) | 416,778 | 555,705 | ||
Directors | 2016 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (156,815) | (156,815) | ||
Maximum number of shares to be delivered at end of period (in shares) | 470,440 | |||
Directors | 2016 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 627,255 | 784,070 | ||
Maximum number of shares to be delivered at end of period (in shares) | 627,255 | 784,070 | ||
Directors | 2017 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (503,135) | |||
Shares delivered (deferred payment variable remuneration) (in shares) | (150,941) | |||
Maximum number of shares to be delivered at end of period (in shares) | 603,763 | |||
Directors | 2017 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 754,704 | 1,257,839 | ||
Maximum number of shares to be delivered at end of period (in shares) | 754,704 | 1,257,839 | ||
Directors | 2018 variable renumeration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (757,189) | |||
Maximum number of shares to be delivered | 1,892,973 | |||
Maximum number of shares to be delivered at end of period (in shares) | 1,135,784 | |||
Directors | 2018 variable renumeration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 1,892,973 | |||
Maximum number of shares to be delivered at end of period (in shares) | 1,892,973 | |||
Directors | 2019 variable renumeration | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered | 1,752,588 | |||
Maximum number of shares to be delivered at end of period (in shares) | 1,752,588 | |||
Directors | Deferred variable compensation plan linked to multiannual objectives | ||||
Share-based variable remuneration | ||||
Immediate payment percentage | 40.00% | |||
Deferred percentage | 60.00% | |||
Variable Remuneration or bonus deferral period | 5 years | |||
Number of payments subject to fulfilment of specific objectives | installment | 3 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2014 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (61,721) | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2014 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 61,721 | |||
Maximum number of shares to be delivered at end of period (in shares) | 61,721 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | Deferred conditional variable remuneration plan (2015) | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (64,404) | (64,404) | ||
Maximum number of shares to be delivered at end of period (in shares) | 128,809 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | Deferred conditional variable remuneration plan (2015) | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 193,213 | 257,617 | ||
Maximum number of shares to be delivered at end of period (in shares) | 193,213 | 257,617 | ||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2016 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (72,102) | (72,102) | ||
Maximum number of shares to be delivered at end of period (in shares) | 216,308 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2016 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 288,410 | 360,512 | ||
Maximum number of shares to be delivered at end of period (in shares) | 288,410 | 360,512 | ||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2017 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (229,750) | |||
Shares delivered (deferred payment variable remuneration) (in shares) | (68,925) | |||
Maximum number of shares to be delivered at end of period (in shares) | 275,700 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2017 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 344,625 | 574,375 | ||
Maximum number of shares to be delivered at end of period (in shares) | 344,625 | 574,375 | ||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2018 variable renumeration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (344,346) | |||
Maximum number of shares to be delivered | 860,865 | |||
Maximum number of shares to be delivered at end of period (in shares) | 516,519 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2018 variable renumeration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 860,865 | |||
Maximum number of shares to be delivered at end of period (in shares) | 860,865 | |||
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2019 variable renumeration | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered | 887,193 | |||
Maximum number of shares to be delivered at end of period (in shares) | 887,193 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2014 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (26,632) | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2014 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 26,632 | |||
Maximum number of shares to be delivered at end of period (in shares) | 26,632 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | Deferred conditional variable remuneration plan (2015) | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (42,811) | (42,811) | ||
Maximum number of shares to be delivered at end of period (in shares) | 85,620 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | Deferred conditional variable remuneration plan (2015) | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 128,431 | 171,242 | ||
Maximum number of shares to be delivered at end of period (in shares) | 128,431 | 171,242 | ||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2016 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (48,667) | (48,667) | ||
Maximum number of shares to be delivered at end of period (in shares) | 145,998 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2016 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 194,665 | 243,332 | ||
Maximum number of shares to be delivered at end of period (in shares) | 194,665 | 243,332 | ||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2017 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (153,647) | |||
Shares delivered (deferred payment variable remuneration) (in shares) | (46,094) | |||
Maximum number of shares to be delivered at end of period (in shares) | 184,377 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2017 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 230,471 | 384,118 | ||
Maximum number of shares to be delivered at end of period (in shares) | 230,471 | 384,118 | ||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2018 variable renumeration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (230,107) | |||
Maximum number of shares to be delivered | 575,268 | |||
Maximum number of shares to be delivered at end of period (in shares) | 345,161 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2018 variable renumeration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 575,268 | |||
Maximum number of shares to be delivered at end of period (in shares) | 575,268 | |||
Directors | Mr. Jose Antonio Alvarez Alvarez | 2019 variable renumeration | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered | 592,915 | |||
Maximum number of shares to be delivered at end of period (in shares) | 592,915 | |||
Directors | Mr. Rodrigo Echenique Gordillo | Deferred conditional variable remuneration plan (2015) | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (31,712) | (31,712) | ||
Maximum number of shares to be delivered at end of period (in shares) | 63,422 | |||
Directors | Mr. Rodrigo Echenique Gordillo | Deferred conditional variable remuneration plan (2015) | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 95,134 | 126,846 | ||
Maximum number of shares to be delivered at end of period (in shares) | 95,134 | 126,846 | ||
Directors | Mr. Rodrigo Echenique Gordillo | 2016 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (deferred payment variable remuneration) (in shares) | (36,046) | (36,046) | ||
Maximum number of shares to be delivered at end of period (in shares) | 108,134 | |||
Directors | Mr. Rodrigo Echenique Gordillo | 2016 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 144,180 | 180,226 | ||
Maximum number of shares to be delivered at end of period (in shares) | 144,180 | 180,226 | ||
Directors | Mr. Rodrigo Echenique Gordillo | 2017 variable remuneration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (119,738) | |||
Shares delivered (deferred payment variable remuneration) (in shares) | (35,922) | |||
Maximum number of shares to be delivered at end of period (in shares) | 143,686 | |||
Directors | Mr. Rodrigo Echenique Gordillo | 2017 variable remuneration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 179,608 | 299,346 | ||
Maximum number of shares to be delivered at end of period (in shares) | 179,608 | 299,346 | ||
Directors | Mr. Rodrigo Echenique Gordillo | 2018 variable renumeration | ||||
Share-based variable remuneration | ||||
Shares delivered (immediate payment variable remuneration) (in shares) | (182,736) | |||
Maximum number of shares to be delivered | 456,840 | |||
Maximum number of shares to be delivered at end of period (in shares) | 274,104 | |||
Directors | Mr. Rodrigo Echenique Gordillo | 2018 variable renumeration | Maximum | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at beginning of period (in shares) | 456,840 | |||
Maximum number of shares to be delivered at end of period (in shares) | 456,840 | |||
Directors | Mr. Rodrigo Echenique Gordillo | 2019 variable renumeration | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered | 272,480 | |||
Maximum number of shares to be delivered at end of period (in shares) | 272,480 | |||
Directors | Mr. Ignacio Benjumea Cabeza de Vaca | ||||
Share-based variable remuneration | ||||
Maximum number of shares to be delivered at end of period (in shares) | 70,741 |
Remuneration and other benef_11
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Cash Delivery (Details) - Directors - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Remuneration of key personnel | ||
Cash paid, immediate | € 3,254 | € 3,000 |
Cash paid, deferred | 2,230 | 1,826 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Cash paid, immediate | 1,480 | 1,370 |
Cash paid, deferred | 1,025 | 947 |
Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Cash paid, immediate | 989 | 916 |
Cash paid, deferred | 686 | 574 |
Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Cash paid, immediate | 785 | 714 |
Cash paid, deferred | € 519 | € 305 |
Remuneration and other benef_12
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Former directors (Details) - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | ||
Retired executive directors | ||
Remuneration of key personnel | ||
Cash paid, deferred | € 663 | € 2,057 |
Retired executive directors | Deferred conditional variable renumeration 2014 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 0 | 148,589 |
Retired executive directors | Deferred conditional variable renumeration 2015 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 60,847 | 60,847 |
Retired executive directors | Deferred conditional variable renumeration 2015 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 121,694 | 182,541 |
Retired executive directors | Performance shares plan 2015 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 129,612 | 0 |
Retired executive directors | Deferred conditional variable renumeration plan and linked to objectives 2016 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 42,924 | 42,924 |
Retired executive directors | Deferred conditional variable renumeration plan and linked to objectives 2016 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 98,253 | 171,696 |
Retired executive directors | Deferred conditional variable renumeration plan and linked to objectives 2017 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 35,132 | 117,108 |
Retired executive directors | Deferred conditional variable renumeration plan and linked to objectives 2017 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 140,530 | 175,662 |
Remuneration and other benef_13
Remuneration and other benefits paid to the Bank’s directors and senior managers - Loans (Details) - EUR (€) € in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | € 233 | € 178 | ||
Loans commitment granted | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 241,179,000 | 218,083,000 | [1] | € 207,671,000 |
Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 233 | 178 | ||
Financial guarantees granted | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 13,650,000 | 11,723,000 | [1] | € 14,499,000 |
Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 18 | 18 | ||
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 18 | 18 | ||
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Jose Antonio Alvarez Alvarez | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 27 | 8 | ||
Mr. Jose Antonio Alvarez Alvarez | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 27 | 8 | ||
Mr. Jose Antonio Alvarez Alvarez | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Bruce Carnegie-Brown | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Bruce Carnegie-Brown | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Bruce Carnegie-Brown | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Rodrigo Echenique Gordillo | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 33 | 29 | ||
Mr. Rodrigo Echenique Gordillo | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 33 | 29 | ||
Mr. Rodrigo Echenique Gordillo | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Francisco Javier Botin Sanz De Sautuola Y O'Shea | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 21 | 15 | ||
Francisco Javier Botin Sanz De Sautuola Y O'Shea | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 21 | 15 | ||
Francisco Javier Botin Sanz De Sautuola Y O'Shea | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Ms. Sol Daurella Comadran | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 55 | 53 | ||
Ms. Sol Daurella Comadran | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 55 | 53 | ||
Ms. Sol Daurella Comadran | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Carlos Fernandez Gonzalez | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 12 | ||
Mr. Carlos Fernandez Gonzalez | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 12 | ||
Mr. Carlos Fernandez Gonzalez | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mrs. Esther Gimenez-Salinas I Colomer | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 1 | 1 | ||
Mrs. Esther Gimenez-Salinas I Colomer | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 1 | 1 | ||
Mrs. Esther Gimenez-Salinas I Colomer | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Ignacio Benjumea Cabeza de Vaca | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 1 | 0 | ||
Mr. Ignacio Benjumea Cabeza de Vaca | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 1 | 0 | ||
Mr. Ignacio Benjumea Cabeza de Vaca | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mrs. Belen Romana Garcia | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 21 | 21 | ||
Mrs. Belen Romana Garcia | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 21 | 21 | ||
Mrs. Belen Romana Garcia | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 0 | 0 | ||
Mr. Guillermo de la Dehesa Romero | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 56 | 21 | ||
Mr. Guillermo de la Dehesa Romero | Loans commitment granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | 56 | 21 | ||
Mr. Guillermo de la Dehesa Romero | Financial guarantees granted | Bank's Directors | ||||
Direct risk exposure | ||||
Risk exposure on loan commitments, etc. | € 0 | € 0 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Remuneration and other benef_14
Remuneration and other benefits paid to the Bank’s directors and senior managers - Senior Managers Remuneration - Short-term (Details) € in Thousands | 12 Months Ended | ||
Dec. 31, 2019EUR (€)employeeitemshares | Dec. 31, 2018EUR (€)employeeitem€ / $shares | Dec. 31, 2017€ / $ | |
Remuneration of key personnel | |||
Number of persons | 196,419 | 202,713 | 202,251 |
Fixed salary | € 6,317 | € 7,517 | |
Variable compensation, immediate payments, cash | 2,572 | 3,254 | |
Variable compensation, immediate payments, in shares | 2,572 | 3,254 | |
Pension | 2,003 | 2,284 | |
Other remuneration | 5,772 | 2,932 | |
Total remuneration | € 27,187 | € 27,761 | |
Current senior managers | |||
Remuneration of key personnel | |||
Number of persons | employee | 18 | 18 | |
Fixed salary | € 22,904 | € 22,475 | |
Pension | 6,282 | 6,193 | |
Other remuneration | 7,491 | 7,263 | |
Total remuneration | € 58,687 | € 60,261 | |
Award, number of shares (in shares) | item | 2,090,536 | 1,936,037 | |
Deferred amount in shares not linked to long-term objectives (in shares) | shares | 900,534 | 877,154 | |
ILP | Current senior managers | |||
Remuneration of key personnel | |||
Variable compensation, immediate payments, cash | € 7,668 | € 8,374 | |
Variable compensation, immediate payments, in shares | 7,669 | 8,374 | |
Deferred conditional variable remuneration plan | Current senior managers | |||
Remuneration of key personnel | |||
Variable compensation, immediate payments, cash | 3,336 | 3,791 | |
Variable compensation, immediate payments, in shares | € 3,337 | € 3,791 |
Remuneration and other benef_15
Remuneration and other benefits paid to the Bank’s directors and senior managers - Senior Managers Remuneration - Multiannual (Details) | 12 Months Ended | ||||
Dec. 31, 2019EUR (€)employeeindividualshares | Dec. 31, 2018EUR (€) | Dec. 31, 2019GBP (£)employeeindividual | Dec. 31, 2018GBP (£)employeeindividual€ / $ | Dec. 31, 2017GBP (£)€ / $ | |
Remuneration of key personnel | |||||
Weighted average fair value at measurement date, share options granted (EUR per share | € 0.702 | £ 0.49 | £ 0.53 | £ 1.02 | |
Number of persons | 196,419 | 196,419 | 202,713 | 202,251 | |
Current senior managers | |||||
Remuneration of key personnel | |||||
Number of persons included in the plan | employee | 3 | ||||
Salaries and other remuneration related to retirement | € 2,100,000 | ||||
Deferred compensation (in shares) | shares | 286,104 | ||||
Deferred compensation (in options over shares) | shares | 1,495,726 | ||||
Number of persons | employee | 18 | 18 | 18 | ||
Female remuneration in excess of male, as a percent | 1.00% | ||||
Employees deemed essential to the growth and digital transformation of the Group | |||||
Remuneration of key personnel | |||||
Number of persons included in the plan | employee | 250 | ||||
Retired senior managers | |||||
Remuneration of key personnel | |||||
Salaries and other remuneration related to retirement | € 6,789,000 | € 1,861,000 | |||
Variable compensation subject to Long-term objectives, in cash | € 618,000 | ||||
Deferred variable compensation plan linked to multiannual objectives | Current senior managers | |||||
Remuneration of key personnel | |||||
Number of persons | individual | 18 | 18 | 18 | ||
Variable compensation subject to Long-term objectives, in cash | € 3,503 | 3,981 | |||
Variable compensation subject to Long-term objectives, in shares | 3,504 | 3,981 | |||
Total | € 7,007 | € 7,962 |
Remuneration and other benef_16
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Senior Managers - Shares Delivered (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | |||
Net charge to income | € 72 | € 84 | € 88 |
Amount paid for retirement pension benefit | € 0 | 0 | € 260 |
Current senior managers | |||
Remuneration of key personnel | |||
Holding period for shares issued in settlement of pension obligations | 5 years | ||
Pension system balance | € 69.8 | 66.5 | |
Net charge to income | € 6.3 | € 6.4 | |
Executive vice presidents | Deferred conditional variable remuneration plan (2015) | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 257,187 | 261,109 | |
Executive vice presidents | Performance shares plan ILP (2015) | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 515,456 | 0 | |
Executive vice presidents | 2014 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 0 | 248,963 | |
Executive vice presidents | 2016 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 215,868 | 258,350 | |
Executive vice presidents | 2017 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 245,575 | 0 | |
Retired senior managers | |||
Remuneration of key personnel | |||
Amount paid for retirement pension benefit | € 0 | € 0 | |
Capital insured by life and accident insurance | € 134.1 | € 133.3 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan (2015) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 391,074 | 705,075 | |
Maximum | Current senior managers | Performance shares plan ILP (2015) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 0 | 515,456 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives (2016) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 660,205 | 1,079,654 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives (2017) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 1,115,570 | 1,434,047 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives (2018) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 1,986,754 | 2,192,901 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives (2019) | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 2,273,859 | 0 | |
Minimum | Current senior managers | |||
Remuneration of key personnel | |||
Discretionary pension contribution percentage | 15.00% |
Remuneration and other benef_17
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Post-employment - former directors and executive vice presidents (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | Dec. 31, 2016 | ||
Remuneration of key personnel | ||||||
Amounts paid for post-employment benefits and settlements | € 0 | € 0 | € 260 | |||
Provisions | 13,987 | 13,225 | [1] | 14,489 | € 14,686 | € 14,459 |
Period provision for pension and similar obligations | 72 | 84 | € 88 | |||
Former directors of the bank | ||||||
Remuneration of key personnel | ||||||
Amounts paid for post-employment benefits and settlements | 6.3 | 13.8 | ||||
Former directors of the bank | Provision for post-employment defined benefit obligations | ||||||
Remuneration of key personnel | ||||||
Provisions | 65.7 | 70.2 | ||||
Former executive vice presidents | ||||||
Remuneration of key personnel | ||||||
Amounts paid for post-employment benefits and settlements | 6.5 | 63 | ||||
Former executive vice presidents | Provision for post-employment defined benefit obligations | ||||||
Remuneration of key personnel | ||||||
Provisions | 172 | 179 | ||||
Former Members of Bank | ||||||
Remuneration of key personnel | ||||||
Contribution to insurance policies | 0.2 | 0.5 | ||||
Former Managing Directors | ||||||
Remuneration of key personnel | ||||||
Contribution to insurance policies | € 5.5 | € 5.4 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Remuneration and other benef_18
Remuneration and other benefits paid to the Bank’s directors and senior managers - Pre-retirement and retirement (Details) | 12 Months Ended |
Dec. 31, 2019period | |
Remuneration of key personnel | |
Period for Malus and Clawback | 5 years |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | |
Remuneration of key personnel | |
Annual contribution, percentage of average variable remuneration | 30.00% |
Pre-retirement age | 60 years |
Number of months required to remain available under terms of employment contract | 4 months |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | Maximum | |
Remuneration of key personnel | |
Number of annual periods used as basis for variable remuneration | 3 |
Percentage reduction in emolument for pre-retirement | 8.00% |
Mr. Jose Antonio Alvarez Alvarez | |
Remuneration of key personnel | |
Period for Malus and Clawback | 5 years |
Remuneration and other benef_19
Remuneration and other benefits paid to the Bank’s directors and senior managers - Conflicts of interest and other (Details) | 12 Months Ended |
Dec. 31, 2019Voteindividualshares | |
Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of key personnel with conflicts of interest | individual | 0 |
Other directors | |
Conflict of interest and other information | |
Number of abstentions | Vote | 49 |
Number of abstentions, appointments | Vote | 28 |
Number of abstentions, remuneration or extension of loans | Vote | 13 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Bankinter, S.A. | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 5,000,000 |
Mr. Bruce Carnegie-Brown | Moneysupermarket.com Group plc | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 30,000 |
Mr. Bruce Carnegie-Brown | Lloyd's Of London Ltd | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 0 |
Mr. Guillermo de la Dehesa Romero | The Goldman Sachs Group, Inc. | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 19,546 |
Francisco Javier Botin Sanz De Sautuola Y O'Shea | Bankinter, S.A. | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 6,929,853 |
Francisco Javier Botin Sanz De Sautuola Y O'Shea | JB Capital Markets Sociedad de Valores, S.A. | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 2,077,198 |
Ms. Pamela Ann Walkden | Standard Chartered Bank | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 651,141 |
Mr. Ramiro Mato Garca Ansorena | BNP Paribas | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 13,806 |
Mr. Rodrigo Echenique Gordillo | Mitsubishi UFJ Financial Group | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 17,500 |
Mr. Rodrigo Echenique Gordillo | Contingent Convertible (CoCos) Issued By Caixabank S.A. [Member] | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 1 |
Mr. Rodrigo Echenique Gordillo | Ares Capital Corporation [Member] | Members of the board of directors and persons related to them | |
Conflict of interest and other information | |
Number of shares | 13,128 |
Loans and advances to banks (De
Loans and advances to banks (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||||
Financial assets held for trading | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | |
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 |
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | |
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | |
LOANS AND RECEIVABLES | 903,013 | ||||
Total financial assets | 184,596 | 191,124 | 199,351 | ||
Gross carrying amount | Reverse repurchase agreements | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 45,703 | 32,310 | 18,864 | ||
Gross carrying amount | Impaired assets | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 32,543 | 34,218 | 36,280 | ||
Gross carrying amount | Next 12 months | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 147,575 | 154,164 | |||
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 446 | 117 | |||
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 647 | 870 | |||
Accumulated impairment | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (474) | (635) | (730) | ||
Loans and advances | |||||
Disclosure of financial assets [line items] | |||||
Financial assets held for trading | 355 | 202 | [1] | 10,468 | 10,511 |
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,883 | [1] | 611 | |
Financial assets designated at fair value through profit or loss | 58,883 | 54,238 | [1] | 38,789 | 30,364 |
Financial assets at fair value through other comprehensive income | 4,440 | 1,601 | [1] | 1,107 | |
Financial assets at amortised cost | 965,693 | 908,403 | [1] | € 873,322 | |
LOANS AND RECEIVABLES | 885,470 | ||||
Loans And Advances Central Banks And Credit Institutions [Member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 87,539 | 83,406 | 77,430 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | EUR | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 32,248 | 24,801 | 23,286 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | GBP | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 3,659 | 4,073 | 5,582 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | USD | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 14,442 | 19,238 | 15,325 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | BRL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 30,919 | 28,310 | 28,140 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | Other currencies | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 6,271 | 6,984 | 5,097 | ||
Loans And Advances Central Banks And Credit Institutions [Member] | Gross carrying amount | Next 12 months | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 59,430 | 51,090 | |||
Loans And Advances Central Banks And Credit Institutions [Member] | Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 0 | 1 | |||
Loans And Advances Central Banks And Credit Institutions [Member] | Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 1 | 2 | |||
Loans And Advances Central Banks And Credit Institutions [Member] | Accumulated impairment | Next 12 months | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (14) | (12) | |||
Loans And Advances Central Banks And Credit Institutions [Member] | Accumulated impairment | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 0 | ||||
Loans And Advances Central Banks And Credit Institutions [Member] | Accumulated impairment | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 0 | ||||
Loans and advances - Central banks | |||||
Disclosure of financial assets [line items] | |||||
Financial assets held for trading | 0 | 0 | [1] | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | [1] | ||
Financial assets designated at fair value through profit or loss | 6,473 | 9,226 | [1] | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | [1] | ||
Financial assets at amortised cost | 18,474 | 15,601 | [1] | ||
LOANS AND RECEIVABLES | 24,947 | 24,827 | 26,278 | ||
Loans and advances - Central banks | Gross carrying amount | Time deposits | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 17,533 | 15,601 | 17,359 | ||
Loans and advances - Central banks | Gross carrying amount | Reverse repurchase agreements | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 7,414 | 9,226 | 8,919 | ||
Loans and advances - Central banks | Gross carrying amount | Impaired assets | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 0 | 0 | 0 | ||
Loans and advances - Central banks | Gross carrying amount | Valuation adjustment for impairment | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 0 | 0 | 0 | ||
Loans and advances - Credit institutions | |||||
Disclosure of financial assets [line items] | |||||
Financial assets held for trading | 0 | 0 | [1] | 1,696 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 2 | [1] | ||
Financial assets designated at fair value through profit or loss | 21,649 | 23,097 | [1] | 9,889 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | [1] | ||
Financial assets at amortised cost | 40,943 | 35,480 | [1] | ||
LOANS AND RECEIVABLES | 39,567 | ||||
Total financial assets | 62,592 | 58,579 | 51,152 | ||
Loans and advances - Credit institutions | Gross carrying amount | Time deposits | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 9,699 | 10,759 | 8,169 | ||
Loans and advances - Credit institutions | Gross carrying amount | Reverse repurchase agreements | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 31,180 | 33,547 | 21,765 | ||
Loans and advances - Credit institutions | Gross carrying amount | Non-loan advances | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 21,726 | 14,283 | 21,232 | ||
Loans and advances - Credit institutions | Gross carrying amount | Impaired assets | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 1 | 2 | 4 | ||
Loans and advances - Credit institutions | Accumulated impairment | Valuation adjustment for impairment | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | € (14) | € (12) | € (18) | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Debt Instruments - Summary (Det
Debt Instruments - Summary (Details) € in Millions, $ in Millions | 3 Months Ended | ||||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Jan. 01, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||
Debt Instruments | |||||||
Financial assets held for trading | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | |||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 | ||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | |||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | ||||
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | |||
Loans and receivables | 903,013 | ||||||
Held-to-maturity investments | 13,491 | ||||||
Total financial assets | 184,596 | 191,124 | 199,351 | ||||
Debt instruments | |||||||
Debt Instruments | |||||||
Financial assets held for trading | 32,041 | 27,800 | [1] | 36,554 | 36,351 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,175 | 5,587 | [1] | 1,792 | |||
Financial assets designated at fair value through profit or loss | 3,186 | 3,222 | [1] | 3,286 | 3,485 | ||
Financial assets at fair value through other comprehensive income | 118,405 | 116,819 | [1] | 122,077 | |||
Financial assets available-for-sale | 122,845 | 118,420 | 128,481 | ||||
Financial assets at amortised cost | 29,789 | 37,696 | [1] | 35,772 | |||
Loans and receivables | 17,543 | ||||||
Held-to-maturity investments | 13,491 | ||||||
Total financial assets | 184,596 | 191,124 | 199,351 | ||||
Gross carrying amount | Next 12 months | Financial instruments not credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | 147,575 | 154,164 | |||||
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | 446 | 117 | |||||
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | 647 | 870 | |||||
Gross carrying amount | Debt instruments | |||||||
Debt Instruments | |||||||
Total financial assets | 185,070 | 191,759 | 200,081 | ||||
Gross carrying amount | Debt instruments | Financial instruments credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | 647 | 870 | 1,017 | ||||
Gross carrying amount | Debt instruments | EUR | |||||||
Debt Instruments | |||||||
Total financial assets | 70,357 | 76,513 | 93,250 | ||||
Gross carrying amount | Debt instruments | GBP | |||||||
Debt Instruments | |||||||
Total financial assets | 15,713 | 19,153 | 16,203 | ||||
Gross carrying amount | Debt instruments | USD | |||||||
Debt Instruments | |||||||
Total financial assets | 29,846 | 22,864 | 25,191 | ||||
Gross carrying amount | Debt instruments | BRL | |||||||
Debt Instruments | |||||||
Total financial assets | 38,316 | 40,871 | 39,233 | ||||
Gross carrying amount | Debt instruments | Other currencies | |||||||
Debt Instruments | |||||||
Total financial assets | 30,838 | 32,358 | 26,204 | ||||
Gross carrying amount | Spanish government debt securities | |||||||
Debt Instruments | |||||||
Total financial assets | 42,054 | 50,488 | 59,186 | ||||
Gross carrying amount | Foreign government debt securities | |||||||
Debt Instruments | |||||||
Total financial assets | 107,434 | 99,959 | 99,424 | ||||
Gross carrying amount | Debt securities issued by financial institutions | |||||||
Debt Instruments | |||||||
Total financial assets | 9,670 | 10,574 | 12,155 | ||||
Gross carrying amount | Other fixed income debt securities | |||||||
Debt Instruments | |||||||
Total financial assets | 25,265 | 29,868 | 28,299 | ||||
Accumulated impairment | |||||||
Debt Instruments | |||||||
Total financial assets | (474) | (635) | (730) | ||||
Accumulated impairment | Debt instruments | |||||||
Debt Instruments | |||||||
Total financial assets | (474) | (635) | € (704) | (730) | € (498) | ||
Accumulated impairment | Debt instruments | Next 12 months | Financial instruments not credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | (22) | (30) | |||||
Accumulated impairment | Debt instruments | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | (6) | € (9) | |||||
Accumulated impairment | Debt instruments | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||||||
Debt Instruments | |||||||
Total financial assets | (446) | $ 596 | |||||
Under IAS 39 before adjustment for classification and measurement | Debt instruments | |||||||
Debt Instruments | |||||||
Financial assets held for trading | € 203 | ||||||
Financial assets reclassified from amortised cost to fair value through other comprehensive income | € 6,359 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Debt Instruments - Breakdown by
Debt Instruments - Breakdown by origin of issuer (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Instruments | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Financial assets (as a percent) | 100.00% | 100.00% | |
Debt instruments | |||
Debt Instruments | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Financial assets (as a percent) | 100.00% | 100.00% | 100.00% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 35,108 | € 40,677 | € 40,741 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 149,488 | 150,447 | 158,610 |
SPAIN | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 45,688 | € 55,236 | € 64,458 |
Financial assets (as a percent) | 24.75% | 28.90% | 32.33% |
SPAIN | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,634 | € 4,748 | € 5,272 |
SPAIN | Public fixed income | |||
Debt Instruments | |||
Financial assets | 42,054 | 50,488 | 59,186 |
UK | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 15,285 | € 15,127 | € 15,056 |
Financial assets (as a percent) | 8.28% | 7.91% | 7.55% |
UK | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,806 | € 5,615 | € 4,339 |
UK | Public fixed income | |||
Debt Instruments | |||
Financial assets | 11,479 | 9,512 | 10,717 |
PORTUGAL | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 10,542 | € 10,606 | € 11,864 |
Financial assets (as a percent) | 5.71% | 5.55% | 5.95% |
PORTUGAL | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,979 | € 3,663 | € 3,972 |
PORTUGAL | Public fixed income | |||
Debt Instruments | |||
Financial assets | 7,563 | 6,943 | 7,892 |
ITALY | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 5,004 | € 3,991 | € 8,458 |
Financial assets (as a percent) | 2.71% | 2.09% | 4.24% |
ITALY | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,384 | € 857 | € 1,287 |
ITALY | Public fixed income | |||
Debt Instruments | |||
Financial assets | 3,620 | 3,134 | 7,171 |
IRELAND | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 2,389 | € 4,545 | € 3,149 |
Financial assets (as a percent) | 1.29% | 2.38% | 1.58% |
IRELAND | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,387 | € 4,543 | € 3,147 |
IRELAND | Public fixed income | |||
Debt Instruments | |||
Financial assets | 2 | 2 | 2 |
POLAND | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 9,821 | € 11,172 | € 7,391 |
Financial assets (as a percent) | 5.32% | 5.85% | 3.71% |
POLAND | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 460 | € 683 | € 772 |
POLAND | Public fixed income | |||
Debt Instruments | |||
Financial assets | 9,361 | 10,489 | 6,619 |
Other European Countries | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 8,970 | € 7,619 | € 8,928 |
Financial assets (as a percent) | 4.86% | 3.99% | 4.48% |
Other European Countries | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 7,186 | € 6,101 | € 7,195 |
Other European Countries | Public fixed income | |||
Debt Instruments | |||
Financial assets | 1,784 | 1,518 | 1,733 |
UNITED STATES | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 21,524 | € 17,195 | € 19,656 |
Financial assets (as a percent) | 11.66% | 9.00% | 9.86% |
UNITED STATES | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,915 | € 6,833 | € 7,986 |
UNITED STATES | Public fixed income | |||
Debt Instruments | |||
Financial assets | 15,609 | 10,362 | 11,670 |
BRAZIL | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 40,844 | € 41,868 | € 39,669 |
Financial assets (as a percent) | 22.13% | 21.91% | 19.90% |
BRAZIL | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,808 | € 5,285 | € 4,729 |
BRAZIL | Public fixed income | |||
Debt Instruments | |||
Financial assets | 35,036 | 36,583 | 34,940 |
MEXICO | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 13,942 | € 11,845 | € 9,939 |
Financial assets (as a percent) | 7.55% | 6.20% | 4.99% |
MEXICO | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 708 | € 520 | € 461 |
MEXICO | Public fixed income | |||
Debt Instruments | |||
Financial assets | 13,234 | 11,325 | 9,478 |
CHILE | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 4,869 | € 2,808 | € 4,133 |
Financial assets (as a percent) | 2.64% | 1.47% | 2.07% |
CHILE | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 50 | € 79 | € 62 |
CHILE | Public fixed income | |||
Debt Instruments | |||
Financial assets | 4,819 | 2,729 | 4,071 |
Other American Countries | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 1,700 | € 2,486 | € 1,668 |
Financial assets (as a percent) | 0.92% | 1.30% | 0.84% |
Other American Countries | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 605 | € 1,111 | € 755 |
Other American Countries | Public fixed income | |||
Debt Instruments | |||
Financial assets | 1,095 | 1,375 | 913 |
Rest of World | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 4,018 | € 6,626 | € 4,982 |
Financial assets (as a percent) | 2.18% | 3.47% | 2.50% |
Rest of World | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 186 | € 639 | € 764 |
Rest of World | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 3,832 | € 5,987 | € 4,218 |
Debt Instruments - Breakdown _2
Debt Instruments - Breakdown by issuer rating (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Instruments | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Financial assets (as a percent) | 100.00% | 100.00% | |
Debt instruments | |||
Debt Instruments | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Financial assets (as a percent) | 100.00% | 100.00% | 100.00% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 35,108 | € 40,677 | € 40,741 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 149,488 | 150,447 | 158,610 |
Standard & Poors AAA Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 15,822 | € 19,735 | € 17,163 |
Financial assets (as a percent) | 8.57% | 10.33% | 8.61% |
Standard & Poors AAA Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 14,737 | € 18,901 | € 16,239 |
Standard & Poors AAA Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 1,085 | 834 | 924 |
Standard & Poors AA Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 33,458 | € 23,681 | € 26,236 |
Financial assets (as a percent) | 18.13% | 12.39% | 13.16% |
Standard & Poors AA Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,133 | € 2,715 | € 2,714 |
Standard & Poors AA Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 28,325 | 20,966 | 23,522 |
Standard & Poors, A Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 62,982 | € 72,856 | € 12,410 |
Financial assets (as a percent) | 34.12% | 38.12% | 6.23% |
Standard & Poors, A Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,238 | € 3,464 | € 4,373 |
Standard & Poors, A Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 59,744 | 69,392 | 8,037 |
Standard & Poors BBB Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 29,655 | € 26,930 | € 97,461 |
Financial assets (as a percent) | 16.06% | 14.09% | 48.89% |
Standard & Poors BBB Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 4,889 | € 5,093 | € 6,449 |
Standard & Poors BBB Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 24,766 | 21,837 | 91,012 |
Standard & Poors below BBB Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 36,710 | € 38,080 | € 37,502 |
Financial assets (as a percent) | 19.89% | 19.92% | 18.81% |
Standard & Poors below BBB Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,244 | € 668 | € 2,393 |
Standard & Poors below BBB Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 35,466 | 37,412 | 35,109 |
Unrated | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 5,969 | € 9,842 | € 8,579 |
Financial assets (as a percent) | 3.23% | 5.15% | 4.30% |
Unrated | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,867 | € 9,836 | € 8,573 |
Unrated | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 102 | € 6 | € 6 |
Debt Instruments - Breakdown _3
Debt Instruments - Breakdown by type of instrument (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Instruments | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Debt instruments | |||
Debt Instruments | |||
Financial assets | 184,596 | 191,124 | 199,351 |
Private fixed income | |||
Debt Instruments | |||
Financial assets | 35,108 | 40,677 | 40,741 |
Private fixed income | Floating interest rate | |||
Debt Instruments | |||
Financial assets | 10,348 | 13,721 | 13,756 |
Private fixed income | Fixed interest rate | |||
Debt Instruments | |||
Financial assets | 16,739 | 14,209 | 18,535 |
Securitized mortgage bonds | Private fixed income | |||
Debt Instruments | |||
Financial assets | 1,633 | 2,942 | 2,458 |
Other asset back bonds | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 6,388 | € 9,805 | € 5,992 |
Debt Instruments - Impairment L
Debt Instruments - Impairment Losses (Details) € in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Debt Instruments | ||||||
Impairment at beginning of year | € (191,124) | € (199,351) | ||||
Impairment at end of year | (184,596) | (191,124) | € (199,351) | |||
Accumulated impairment | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 635 | 730 | ||||
Impairment at end of year | 474 | 635 | 730 | |||
Loans and receivables, category | ||||||
Debt Instruments | ||||||
Net impairment losses charged to income for the period | $ | $ 9,352 | $ 8,986 | $ 9,241 | |||
Debt instruments | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | (191,124) | (199,351) | ||||
Impairment at end of year | (184,596) | (191,124) | (199,351) | |||
Debt instruments | Accumulated impairment | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 635 | 730 | 498 | |||
Net impairment losses charged to income for the period | (170) | 43 | 43 | 348 | 348 | |
Impairment loss recognised in profit or loss | 77 | 138 | 386 | |||
Impairment losses reversed with a credit to income | (247) | (95) | (38) | |||
Exchange differences and other | 9 | (112) | (116) | |||
Impairment at end of year | 474 | 635 | 730 | |||
Debt instruments | Accumulated impairment | Next 12 months | Financial instruments not credit-impaired | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 30 | |||||
Impairment at end of year | 22 | 30 | ||||
Debt instruments | Accumulated impairment | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 9 | |||||
Impairment at end of year | 6 | 9 | ||||
Debt instruments | Accumulated impairment | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | $ | $ (596) | |||||
Impairment at end of year | 446 | (596) | ||||
Debt instruments | Accumulated impairment | European Union | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 22 | 30 | ||||
Impairment at end of year | 14 | 22 | 30 | |||
Debt instruments | Accumulated impairment | Latin America | ||||||
Debt Instruments | ||||||
Impairment at beginning of year | 613 | 700 | ||||
Impairment at end of year | 460 | 613 | 700 | |||
Debt instruments | Loans and receivables, category | ||||||
Debt Instruments | ||||||
Impairment losses reversed with a credit to income | $ | $ (1,558) | $ (1,620) | ||||
Debt instruments | Loans and receivables, category | Accumulated impairment | ||||||
Debt Instruments | ||||||
Net impairment losses charged to income for the period | 348 | |||||
Debt instruments | Financial assets at amortised cost, category | ||||||
Debt Instruments | ||||||
Impairment losses reversed with a credit to income | (1,586) | |||||
Debt instruments | Financial assets at amortised cost, category | Accumulated impairment | ||||||
Debt Instruments | ||||||
Net impairment losses charged to income for the period | (176) | 43 | ||||
Debt instruments | Financial assets available for sale, category | Accumulated impairment | ||||||
Debt Instruments | ||||||
Net impairment losses charged to income for the period | € 0 | |||||
Debt instruments | Financial assets at fair value through other comprehensive income, category | Accumulated impairment | ||||||
Debt Instruments | ||||||
Net impairment losses charged to income for the period | € 6 | € 0 |
Equity instruments - Breakdown
Equity instruments - Breakdown - (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||||||
Financial assets held for trading | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | |||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 | ||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | |||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | ||||
Total financial assets | 184,596 | 191,124 | 199,351 | ||||
Equity instruments | |||||||
Disclosure of financial assets [line items] | |||||||
Financial assets held for trading | 12,437 | 8,938 | [1] | 21,353 | 21,353 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,350 | 3,260 | [1] | 2,584 | |||
Financial assets designated at fair value through profit or loss | 933 | ||||||
Financial assets at fair value through other comprehensive income | 2,863 | 2,671 | [1] | 3,169 | |||
Financial assets available-for-sale | 2,863 | € 2,671 | 2,671 | € 3,169 | 4,790 | € 5,487 | |
Total financial assets | 18,650 | 14,869 | 27,076 | ||||
Shares of Spanish companies | |||||||
Disclosure of financial assets [line items] | |||||||
Total financial assets | 3,711 | 3,448 | 4,199 | ||||
Shares of foreign companies | |||||||
Disclosure of financial assets [line items] | |||||||
Total financial assets | 12,682 | 9,107 | 20,448 | ||||
Investment fund units and shares | |||||||
Disclosure of financial assets [line items] | |||||||
Total financial assets | € 2,257 | € 2,314 | € 2,429 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Equity instruments - Changes -
Equity instruments - Changes - (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Balance at beginning of year | € 118,420 | € 133,271 | |
Valuation adjustment and other items | € 1,137 | ||
Balance at end of year | 122,845 | 118,420 | 133,271 |
Equity instruments | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 2,671 | 4,790 | 5,487 |
Net additions (disposals) | 221 | (324) | (331) |
Valuation adjustment and other items | (29) | (174) | (366) |
Balance at end of year | € 2,863 | € 2,671 | € 4,790 |
Trading Derivatives (assets a_3
Trading Derivatives (assets and liabilities) and short positions - Derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 |
FINANCIAL LIABILITIES HELD FOR TRADING | 77,139 | 70,343 | [1] | 107,634 | 107,624 |
Derivatives | |||||
Financial instruments | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 63,016 | 55,341 | [1] | 57,902 | 57,892 |
Derivatives | Interest rate risk | |||||
Financial instruments | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 40,956 | 36,487 | 37,582 | ||
Derivatives | Exchange rate risk | |||||
Financial instruments | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 19,870 | 17,025 | 18,014 | ||
Derivatives | Price risk | |||||
Financial instruments | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 1,772 | 1,673 | 2,040 | ||
Derivatives | Other risks | |||||
Financial instruments | |||||
FINANCIAL LIABILITIES HELD FOR TRADING | 418 | 156 | 256 | ||
Derivatives | |||||
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | 63,397 | 55,939 | [1] | € 57,243 | 57,243 |
Derivatives | Interest rate risk | |||||
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | 42,614 | 36,087 | 38,030 | ||
Derivatives | Exchange rate risk | |||||
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | 18,085 | 16,912 | 16,320 | ||
Derivatives | Price risk | |||||
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | 2,329 | 2,828 | 2,167 | ||
Derivatives | Other risks | |||||
Financial instruments | |||||
FINANCIAL ASSETS HELD FOR TRADING | € 369 | € 112 | € 726 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Trading derivatives (assets a_4
Trading derivatives (assets and liabilities) and short positions - Short positions (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Financial instruments | |||||
Financial liabilities held for trading | € 77,139 | € 70,343 | [1] | € 107,634 | € 107,624 |
Short positions | |||||
Financial instruments | |||||
Financial liabilities held for trading | 14,123 | 15,002 | [1] | € 20,979 | 20,979 |
Debt instruments | Short positions | |||||
Financial instruments | |||||
Borrowed securities | 390 | 1,213 | 2,447 | ||
Short sales | 13,340 | 12,702 | 16,861 | ||
Debt instruments | Short positions | Santander Mexico | |||||
Financial instruments | |||||
Borrowed securities | 390 | 1,213 | 890 | ||
Debt instruments | Short positions | Santander UK plc | |||||
Financial instruments | |||||
Borrowed securities | 0 | 0 | 1,557 | ||
Debt instruments | Short positions | Banco Santander (Brasil) S.A | |||||
Financial instruments | |||||
Short sales | 5,194 | 7,300 | 8,188 | ||
Equity instruments | Short positions | |||||
Financial instruments | |||||
Borrowed securities | 393 | 1,087 | 1,671 | ||
Equity instruments | Short positions | Santander UK plc | |||||
Financial instruments | |||||
Borrowed securities | 0 | 0 | 1,500 | ||
Banco Santander S.A. | Debt instruments | Short positions | |||||
Financial instruments | |||||
Short sales | 7,980 | 5,336 | 8,621 | ||
Banco Santander S.A. | Equity instruments | Short positions | |||||
Financial instruments | |||||
Borrowed securities | € 308 | € 987 | € 98 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Loans and advances to custome_2
Loans and advances to customers - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 02, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Loans And Advances To Customers Line Items | ||||||||
Financial assets held for trading | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 | |||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | ||||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 | |||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | ||||
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | ||||
Loans and receivables | 903,013 | |||||||
Total financial assets | 184,596 | 191,124 | 199,351 | |||||
Loans and advances to customers | 942,218 | 882,921 | 848,915 | |||||
Accumulated impairment | ||||||||
Loans And Advances To Customers Line Items | ||||||||
Total financial assets | (474) | (635) | (730) | |||||
Loans and advances | ||||||||
Loans And Advances To Customers Line Items | ||||||||
Financial assets held for trading | 355 | 202 | [1] | 10,468 | 10,511 | |||
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,883 | [1] | 611 | ||||
Financial assets designated at fair value through profit or loss | 58,883 | 54,238 | [1] | 38,789 | 30,364 | |||
Financial assets at fair value through other comprehensive income | 4,440 | 1,601 | [1] | 1,107 | ||||
Financial assets at amortised cost | 965,693 | 908,403 | [1] | € 873,322 | ||||
Loans and receivables | 885,470 | |||||||
Loans and advances - Customers | ||||||||
Loans And Advances To Customers Line Items | ||||||||
Financial assets held for trading | 355 | 202 | [1] | 8,815 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,881 | [1] | |||||
Financial assets designated at fair value through profit or loss | 30,761 | 21,915 | [1] | 20,475 | ||||
Financial assets at fair value through other comprehensive income | 4,440 | 1,601 | [1] | |||||
Financial assets at amortised cost | 906,276 | 857,322 | [1] | |||||
Loans and receivables | 819,625 | |||||||
Total financial assets | 882,921 | 848,915 | ||||||
Loans and advances - Customers | Gross carrying amount | ||||||||
Loans And Advances To Customers Line Items | ||||||||
Total financial assets | 964,460 | 906,228 | 872,849 | |||||
Loans and advances - Customers | Accumulated impairment | ||||||||
Loans And Advances To Customers Line Items | ||||||||
Total financial assets | € (22,242) | € (23,307) | € (23,307) | € (25,936) | € (23,934) | € (24,393) | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Loans and advances to custome_3
Loans and advances to customers - Breakdown (Details) € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) |
Loans And Advances To Customers Line Items | |||||
Financial assets | € 184,596 | € 191,124 | € 199,351 | ||
Loans and advances to customers | 942,218 | 882,921 | 848,915 | ||
Without considering the Public Administration | |||||
Loans And Advances To Customers Line Items | |||||
Loans and advances to customers | € 942,249 | ||||
Rest of World | Public sector | Standard & Poors, A Rating | |||||
Loans And Advances To Customers Line Items | |||||
Credit exposure percentage | 3.40% | ||||
Rest of World | Public sector | Standard & Poors BBB Rating | |||||
Loans And Advances To Customers Line Items | |||||
Credit exposure percentage | 56.00% | ||||
Rest of World | Public sector | Standard & Poors AAA Rating | |||||
Loans And Advances To Customers Line Items | |||||
Credit exposure percentage | 15.90% | ||||
Rest of World | Public sector | Standard & Poors AA Rating | |||||
Loans And Advances To Customers Line Items | |||||
Credit exposure percentage | 11.60% | ||||
Rest of World | Public sector | Standard & Poors below BBB Rating | |||||
Loans And Advances To Customers Line Items | |||||
Credit exposure percentage | 13.10% | ||||
Financial instruments not credit-impaired | Without considering the Public Administration | |||||
Loans And Advances To Customers Line Items | |||||
Loans and advances to customers | € 909,741 | ||||
Gross carrying amount | Fixed interest rate | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 546,619 | 497,365 | 447,788 | ||
Gross carrying amount | Floating interest rate | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 417,841 | 408,863 | 425,061 | ||
Gross carrying amount | SPAIN | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 204,810 | 215,764 | 227,446 | ||
Gross carrying amount | SPAIN | Public sector | Standard & Poors, A Rating | |||||
Loans And Advances To Customers Line Items | |||||
Loans and advances to customers | 9,993 | $ 13,615 | |||
Gross carrying amount | SPAIN | Public sector | Standard & Poors BBB Rating | |||||
Loans And Advances To Customers Line Items | |||||
Loans and advances to customers | $ | $ 16,470 | ||||
Gross carrying amount | European Union (excluding Spain) | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 460,338 | 411,550 | 390,536 | ||
Gross carrying amount | United States and Puerto Rico | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 100,152 | 89,325 | 75,777 | ||
Gross carrying amount | Other OECD countries | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 86,327 | 82,607 | 74,463 | ||
Gross carrying amount | Latin America (non-OECD) | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 92,145 | 87,406 | 88,302 | ||
Gross carrying amount | Rest of World | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 20,688 | 19,576 | 16,325 | ||
Gross carrying amount | Rest of World | Public sector | |||||
Loans And Advances To Customers Line Items | |||||
Loans and advances to customers | 12,218 | $ 10,952 | $ 18,577 | ||
Gross carrying amount | Loans and advances - Customers | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 964,460 | 906,228 | 872,849 | ||
Gross carrying amount | Commercial credit | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 37,753 | 33,301 | 29,287 | ||
Gross carrying amount | Secured loans | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 513,929 | 478,068 | 473,936 | ||
Gross carrying amount | Reverse repurchase agreements | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 45,703 | 32,310 | 18,864 | ||
Gross carrying amount | Other term loans | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 267,154 | 265,696 | 257,441 | ||
Gross carrying amount | Finance lease loans | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 35,788 | 30,758 | 28,511 | ||
Gross carrying amount | Receivable on demand | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 7,714 | 8,794 | 6,721 | ||
Gross carrying amount | Credit cards receivables | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | 23,876 | 23,083 | 21,809 | ||
Gross carrying amount | Impaired assets | |||||
Loans And Advances To Customers Line Items | |||||
Financial assets | € 32,543 | € 34,218 | € 36,280 |
Loans and advances to custome_4
Loans and advances to customers - Loans to customers, net of impairment losses (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | € 927,495 | ||
Refinanced and restructured transactions | 23,430 | ||
Advances to customers | 14,723 | ||
Loans and advances to customers | 942,218 | € 882,921 | € 848,915 |
Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 114,764 | ||
Refinanced and restructured transactions | 3,228 | ||
More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 129,980 | ||
Refinanced and restructured transactions | 2,645 | ||
More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 135,181 | ||
Refinanced and restructured transactions | 2,412 | ||
More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 157,370 | ||
Refinanced and restructured transactions | 2,814 | ||
More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 72,377 | ||
Refinanced and restructured transactions | 6,998 | ||
Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 20,053 | ||
Public sector | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 116 | ||
Public sector | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 104 | ||
Public sector | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 83 | ||
Public sector | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 640 | ||
Public sector | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 92 | ||
Other financial institutions (Financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 67,830 | ||
Other financial institutions (Financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 521 | ||
Other financial institutions (Financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 757 | ||
Other financial institutions (Financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 623 | ||
Other financial institutions (Financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 51,157 | ||
Other financial institutions (Financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 397 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 319,616 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 26,695 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 21,566 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 20,872 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 43,227 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 34,597 | ||
Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 519,996 | ||
Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 87,432 | ||
Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 107,553 | ||
Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 113,603 | ||
Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 62,346 | ||
Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 37,291 | ||
Without collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 317,823 | ||
Refinanced and restructured transactions | 5,333 | ||
Without collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 19,018 | ||
Without collateral | Other financial institutions (Financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 14,375 | ||
Without collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 172,659 | ||
Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 111,771 | ||
With property collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 415,574 | ||
Refinanced and restructured transactions | 13,248 | ||
With property collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 252 | ||
With property collateral | Other financial institutions (Financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,001 | ||
With property collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 71,474 | ||
With property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 342,847 | ||
With other collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 194,098 | ||
Refinanced and restructured transactions | 4,849 | ||
With other collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 783 | ||
With other collateral | Other financial institutions (Financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 52,454 | ||
With other collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 75,483 | ||
With other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 65,378 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 18,434 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,057 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,175 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,158 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,244 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 6,283 | ||
Construction and property development | Without collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,517 | ||
Construction and property development | With property collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 9,954 | ||
Construction and property development | With other collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 5,963 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,533 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 137 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 282 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 54 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 442 | ||
Civil Engineering Construction Loans Member | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 478 | ||
Civil Engineering Construction Loans Member | Without collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,140 | ||
Civil Engineering Construction Loans Member | With property collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 309 | ||
Civil Engineering Construction Loans Member | With other collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,084 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 173,090 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 10,888 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 7,467 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 8,874 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 21,575 | ||
Large companies | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 12,547 | ||
Large companies | Without collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 111,739 | ||
Large companies | With property collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 23,716 | ||
Large companies | With other collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 37,635 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 124,559 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 11,613 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 11,642 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 10,786 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 18,966 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 15,289 | ||
SMEs and individual entrepreneurs | Without collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 56,263 | ||
SMEs and individual entrepreneurs | With property collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 37,495 | ||
SMEs and individual entrepreneurs | With other collateral | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 30,801 | ||
Residential loans | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 332,881 | ||
Residential loans | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 80,001 | ||
Residential loans | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 101,285 | ||
Residential loans | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 106,210 | ||
Residential loans | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 36,669 | ||
Residential loans | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 6,952 | ||
Residential loans | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,764 | ||
Residential loans | With property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 330,491 | ||
Residential loans | With other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 626 | ||
Consumer loans | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 167,338 | ||
Consumer loans | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,132 | ||
Consumer loans | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,909 | ||
Consumer loans | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,114 | ||
Consumer loans | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 20,557 | ||
Consumer loans | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 28,740 | ||
Consumer loans | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 106,886 | ||
Consumer loans | With property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,463 | ||
Consumer loans | With other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 57,989 | ||
Other purposes | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 19,777 | ||
Other purposes | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,299 | ||
Other purposes | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,359 | ||
Other purposes | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,279 | ||
Other purposes | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 5,120 | ||
Other purposes | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,599 | ||
Other purposes | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,121 | ||
Other purposes | With property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 9,893 | ||
Other purposes | With other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | € 6,763 |
Loans and advances to custome_5
Loans and advances to customers - Movement in gross exposure by impairment stage (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | € (191,124) | € (199,351) | |
Impairment at end of year | (184,596) | (191,124) | € (199,351) |
Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 635 | 730 | |
Impairment at end of year | 474 | 635 | 730 |
Loans and advances - Customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | (882,921) | (848,915) | |
Impairment at end of year | (882,921) | (848,915) | |
Loans and advances - Customers | Financial instruments credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Decrease through write-off, financial assets | 12,593 | 12,673 | 13,522 |
Exchange differences and other | (163) | 387 | 798 |
Loans and advances - Customers | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 23,307 | 23,934 | 24,393 |
Decrease through derecognition, financial assets | (12,593) | (12,673) | (13,522) |
Exchange differences and other | 420 | (457) | 2,550 |
Impairment at end of year | 22,242 | 23,307 | 23,934 |
Loans and advances - Customers | Accumulated impairment | Financial instruments not credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 8,401 | 7,727 | |
Impairment at end of year | 8,309 | 8,401 | 7,727 |
Loans and advances - Customers | Accumulated impairment | Financial instruments credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 14,906 | 16,207 | |
Impairment at end of year | 13,933 | 14,906 | 16,207 |
Loans and advances - Customers | Financial Assets At Fair Value Through Other Comprehensive Income And Financial Assets At Amortised Cost [Member] | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 881,473 | 842,435 | |
Net changes in financial assets | 49,881 | 72,465 | |
Decrease through write-off, financial assets | (12,593) | (12,673) | |
Exchange differences and other | 13,491 | (20,754) | |
Impairment at end of year | 932,252 | 881,473 | 842,435 |
Loans and advances - Customers | Financial Assets At Fair Value Through Other Comprehensive Income And Financial Assets At Amortised Cost [Member] | Accumulated impairment | Financial instruments not credit-impaired | Next 12 months | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 795,829 | 746,654 | |
Transfer from Stage 1 to Stage 2 | (28,369) | (31,234) | |
Transfer from Stage 1 to Stage 3 | (4,101) | (3,980) | |
Transfer from Stage 2 to Stage 1 | 12,436 | 21,795 | |
Transfer from Stage 3 to Stage 1 | 488 | 835 | |
Net changes in financial assets | 61,581 | 79,727 | |
Exchange differences and other | 12,075 | (17,968) | |
Impairment at end of year | 849,939 | 795,829 | 746,654 |
Loans and advances - Customers | Financial Assets At Fair Value Through Other Comprehensive Income And Financial Assets At Amortised Cost [Member] | Accumulated impairment | Financial instruments not credit-impaired | Lifetime Expected Credit Losses | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 52,183 | 60,304 | |
Transfer from Stage 1 to Stage 2 | 28,369 | 31,234 | |
Transfer from Stage 2 to Stage 3 | (13,240) | (13,998) | |
Transfer from Stage 2 to Stage 1 | (12,436) | (21,795) | |
Transfer to Stage 2 from Stage 3 | 2,439 | 4,103 | |
Net changes in financial assets | (8,092) | (5,265) | |
Exchange differences and other | 1,253 | (2,400) | |
Impairment at end of year | 50,476 | 52,183 | 60,304 |
Loans and advances - Customers | Financial Assets At Fair Value Through Other Comprehensive Income And Financial Assets At Amortised Cost [Member] | Accumulated impairment | Financial instruments credit-impaired | Lifetime Expected Credit Losses | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 33,461 | 35,477 | |
Transfer from Stage 1 to Stage 3 | 4,101 | 3,980 | |
Transfer from Stage 2 to Stage 3 | 13,240 | 13,998 | |
Transfer to Stage 2 from Stage 3 | (2,439) | (4,103) | |
Transfer from Stage 3 to Stage 1 | (488) | (835) | |
Net changes in financial assets | (3,608) | (1,997) | |
Decrease through write-off, financial assets | (12,593) | (12,673) | |
Exchange differences and other | 163 | (386) | |
Impairment at end of year | 31,837 | 33,461 | 35,477 |
Loans and advances - Customers | Financial assets at amortised cost, category | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 23,307 | 25,935 | |
Transfer from Stage 1 to Stage 2 | (747) | (1,218) | |
Transfer from Stage 1 to Stage 3 | (94) | (89) | |
Transfer from Stage 2 to Stage 3 | (436) | (829) | |
Transfer from Stage 2 to Stage 1 | 2,271 | 2,681 | |
Transfer to Stage 2 from Stage 3 | 2,547 | 2,557 | |
Transfer from Stage 3 to Stage 1 | 1,082 | 985 | |
Increase (decrease) through changes in models or risk parameters, financial assets | (6,485) | (6,413) | |
Decrease through derecognition, financial assets | (12,593) | (12,673) | |
Exchange differences and other | 420 | (455) | |
Impairment at end of year | 22,242 | 23,307 | 25,935 |
Loans and advances - Customers | Financial assets at amortised cost, category | Accumulated impairment | Financial instruments not credit-impaired | Next 12 months | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 3,658 | 4,349 | |
Transfer from Stage 1 to Stage 2 | 301 | 438 | |
Transfer from Stage 1 to Stage 3 | 29 | 84 | |
Transfer from Stage 2 to Stage 1 | (964) | (1,173) | |
Transfer from Stage 3 to Stage 1 | (214) | (279) | |
Increase (decrease) through changes in models or risk parameters, financial assets | (1,119) | (304) | |
Exchange differences and other | (94) | (65) | |
Impairment at end of year | 3,835 | 3,658 | 4,349 |
Loans and advances - Customers | Financial assets at amortised cost, category | Accumulated impairment | Financial instruments not credit-impaired | Lifetime Expected Credit Losses | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 4,743 | 5,079 | |
Transfer from Stage 1 to Stage 2 | (1,048) | (1,656) | |
Transfer from Stage 2 to Stage 3 | 381 | 435 | |
Transfer from Stage 2 to Stage 1 | 3,235 | 3,854 | |
Transfer to Stage 2 from Stage 3 | (3,065) | (1,971) | |
Increase (decrease) through changes in models or risk parameters, financial assets | 182 | 961 | |
Exchange differences and other | 410 | (37) | |
Impairment at end of year | 4,474 | 4,743 | 5,079 |
Loans and advances - Customers | Financial assets at amortised cost, category | Accumulated impairment | Financial instruments credit-impaired | Lifetime Expected Credit Losses | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 14,906 | 16,507 | |
Transfer from Stage 1 to Stage 3 | (123) | (173) | |
Transfer from Stage 2 to Stage 3 | (817) | (1,264) | |
Transfer to Stage 2 from Stage 3 | 5,612 | 4,528 | |
Transfer from Stage 3 to Stage 1 | 1,296 | 1,264 | |
Increase (decrease) through changes in models or risk parameters, financial assets | (5,548) | (7,070) | |
Decrease through derecognition, financial assets | (12,593) | (12,673) | |
Exchange differences and other | 104 | (353) | |
Impairment at end of year | € 13,933 | € 14,906 | € 16,507 |
Loans and advances to custome_6
Loans and advances to customers - Movement in loss provision (Details) € in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Loans and advances to customers combining those at amortised cost and those at fair value through other comprehensive income | € 706 | $ 757 | ||||
Impairment at beginning of year | (191,124) | € (199,351) | ||||
Impairment at end of year | (184,596) | (191,124) | € (199,351) | |||
Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | (191,124) | (199,351) | ||||
Impairment at end of year | (184,596) | (191,124) | (199,351) | |||
Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | (882,921) | (848,915) | ||||
Impairment at end of year | (882,921) | (848,915) | ||||
Accumulated impairment | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 635 | 730 | ||||
Impairment at end of year | 474 | 635 | 730 | |||
Accumulated impairment | Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 635 | 730 | 498 | |||
Impairment loss (reversal of impairment loss) recognised in profit or loss | (170) | 43 | 43 | $ 348 | 348 | |
Impairment loss recognised in profit or loss | 77 | 138 | 386 | |||
Reversal of impairment loss recognised in profit or loss | (247) | (95) | (38) | |||
Exchange differences and other | 9 | (112) | (116) | |||
Impairment at end of year | 474 | 635 | 730 | |||
Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 23,307 | 23,934 | 24,393 | |||
Impairment loss (reversal of impairment loss) recognised in profit or loss | 11,108 | 10,501 | 10,513 | |||
Impairment loss recognised in profit or loss | 19,192 | 17,850 | 19,006 | |||
Reversal of impairment loss recognised in profit or loss | (8,084) | (7,349) | (8,493) | |||
Write-off of impaired balances against recorded impairment allowance | (12,593) | (12,673) | (13,522) | |||
Exchange differences and other | 420 | (457) | 2,550 | |||
Impairment at end of year | 22,242 | 23,307 | 23,934 | |||
Loans and receivables, category | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment loss (reversal of impairment loss) recognised in profit or loss | $ | $ 9,352 | 8,986 | 9,241 | |||
Loans and receivables, category | Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Reversal of impairment loss recognised in profit or loss | $ | $ (1,558) | $ (1,620) | ||||
Loans and receivables, category | Accumulated impairment | Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment loss (reversal of impairment loss) recognised in profit or loss | 348 | |||||
Financial assets at amortised cost, category | Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Reversal of impairment loss recognised in profit or loss | (1,586) | |||||
Financial assets at amortised cost, category | Accumulated impairment | Debt instruments | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment loss (reversal of impairment loss) recognised in profit or loss | (176) | 43 | ||||
Financial assets at amortised cost, category | Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 23,307 | 25,935 | ||||
Write-off of impaired balances against recorded impairment allowance | (12,593) | (12,673) | ||||
Exchange differences and other | 420 | (455) | ||||
Impairment at end of year | 22,242 | 23,307 | 25,935 | |||
Individually calculated | Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 4,905 | 5,311 | ||||
Impairment at end of year | 3,555 | 4,905 | 5,311 | |||
Collective calculated | Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 18,402 | 18,623 | ||||
Impairment at end of year | 18,687 | 18,402 | 18,623 | |||
Financial instruments credit-impaired | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Exchange differences and other | (163) | 387 | 798 | |||
Financial instruments credit-impaired | Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 14,906 | 16,207 | ||||
Impairment at end of year | 13,933 | 14,906 | 16,207 | |||
Financial instruments not credit-impaired | Accumulated impairment | Loans and advances - Customers | ||||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||||
Impairment at beginning of year | 8,401 | 7,727 | ||||
Impairment at end of year | € 8,309 | € 8,401 | € 7,727 |
Loans and advances to custome_7
Loans and advances to customers - Movement in loss provision by impairment stage (Details) € in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | € (191,124) | € (199,351) | ||
Impairment at end of year | (184,596) | (191,124) | € (199,351) | |
Loans and advances to customers combining those at amortised cost and those at fair value through other comprehensive income | 706 | $ 757 | ||
Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 635 | 730 | ||
Impairment at end of year | 474 | 635 | 730 | |
Debt instruments | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | (191,124) | (199,351) | ||
Impairment at end of year | (184,596) | (191,124) | (199,351) | |
Debt instruments | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 635 | 730 | 498 | |
Exchange differences and other | 9 | (112) | (116) | |
Impairment at end of year | 474 | 635 | 730 | |
Debt instruments | Financial instruments credit-impaired | Lifetime Expected Credit Losses | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | $ | ||||
Impairment at end of year | 446 | $ (596) | ||
Debt instruments | Financial instruments not credit-impaired | Next 12 months | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 30 | |||
Impairment at end of year | 22 | 30 | ||
Debt instruments | Financial instruments not credit-impaired | Lifetime Expected Credit Losses | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 9 | |||
Impairment at end of year | 6 | 9 | ||
Loans and advances - Customers | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | (882,921) | (848,915) | ||
Impairment at end of year | (882,921) | (848,915) | ||
Loans and advances - Customers | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 23,307 | 23,934 | 24,393 | |
Write-off of impaired balances against recorded impairment allowance | (12,593) | (12,673) | (13,522) | |
Exchange differences and other | 420 | (457) | 2,550 | |
Impairment at end of year | 22,242 | 23,307 | 23,934 | |
Loans and advances - Customers | Financial instruments credit-impaired | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Exchange differences and other | (163) | 387 | 798 | |
Loans and advances - Customers | Financial instruments credit-impaired | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 14,906 | 16,207 | ||
Impairment at end of year | 13,933 | 14,906 | 16,207 | |
Loans and advances - Customers | Financial instruments not credit-impaired | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 8,401 | 7,727 | ||
Impairment at end of year | 8,309 | 8,401 | 7,727 | |
Financial assets at amortised cost, category | Loans and advances - Customers | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 23,307 | 25,935 | ||
Transfer from Stage 2 to Stage 1 | 2,271 | 2,681 | ||
Transfer from Stage 3 to Stage 1 | 1,082 | 985 | ||
Transfer from Stage 3 to Stage 2 | 2,547 | 2,557 | ||
Transfer from Stage 1 to Stage 2 | (747) | (1,218) | ||
Transfer from Stage 2 to Stage 3 | (436) | (829) | ||
Transfer from Stage 1 to Stage 3 | (94) | (89) | ||
Net changes of the exposure and modifications in the credit risk | 6,485 | 6,413 | ||
Write-off of impaired balances against recorded impairment allowance | (12,593) | (12,673) | ||
Exchange differences and other | 420 | (455) | ||
Impairment at end of year | 22,242 | 23,307 | 25,935 | |
Financial assets at amortised cost, category | Loans and advances - Customers | Financial instruments credit-impaired | Lifetime Expected Credit Losses | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 14,906 | 16,507 | ||
Transfer from Stage 3 to Stage 1 | 1,296 | 1,264 | ||
Transfer from Stage 3 to Stage 2 | 5,612 | 4,528 | ||
Transfer from Stage 2 to Stage 3 | (817) | (1,264) | ||
Transfer from Stage 1 to Stage 3 | (123) | (173) | ||
Net changes of the exposure and modifications in the credit risk | 5,548 | 7,070 | ||
Write-off of impaired balances against recorded impairment allowance | (12,593) | (12,673) | ||
Exchange differences and other | 104 | (353) | ||
Impairment at end of year | 13,933 | 14,906 | 16,507 | |
Financial assets at amortised cost, category | Loans and advances - Customers | Financial instruments not credit-impaired | Next 12 months | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 3,658 | 4,349 | ||
Transfer from Stage 2 to Stage 1 | (964) | (1,173) | ||
Transfer from Stage 3 to Stage 1 | (214) | (279) | ||
Transfer from Stage 1 to Stage 2 | 301 | 438 | ||
Transfer from Stage 1 to Stage 3 | 29 | 84 | ||
Net changes of the exposure and modifications in the credit risk | 1,119 | 304 | ||
Exchange differences and other | (94) | (65) | ||
Impairment at end of year | 3,835 | 3,658 | 4,349 | |
Financial assets at amortised cost, category | Loans and advances - Customers | Financial instruments not credit-impaired | Lifetime Expected Credit Losses | Accumulated impairment | ||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||||
Impairment at beginning of year | 4,743 | 5,079 | ||
Transfer from Stage 2 to Stage 1 | 3,235 | 3,854 | ||
Transfer from Stage 3 to Stage 2 | (3,065) | (1,971) | ||
Transfer from Stage 1 to Stage 2 | (1,048) | (1,656) | ||
Transfer from Stage 2 to Stage 3 | 381 | 435 | ||
Net changes of the exposure and modifications in the credit risk | (182) | (961) | ||
Exchange differences and other | 410 | (37) | ||
Impairment at end of year | € 4,474 | € 4,743 | € 5,079 |
Loans and advances to custome_8
Loans and advances to customers - Impaired assets (Details) € in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Financial assets at beginning of period | € 191,124 | € 199,351 | |||
Financial assets at end of period | 184,596 | 191,124 | € 199,351 | ||
Financial assets at amortised cost, category | Financial instruments credit-impaired | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Written-off assets | 46,209 | ||||
Loans and receivables, category | Financial instruments credit-impaired | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Written-off assets | $ | $ 47,751 | $ 43,508 | |||
Loans and advances - Customers | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Financial assets at beginning of period | 882,921 | 848,915 | |||
Financial assets at end of period | 882,921 | 848,915 | |||
Loans and advances - Customers | Financial instruments credit-impaired | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Additions | 10,755 | 10,821 | 8,409 | ||
Written-off assets | (12,593) | (12,673) | (13,522) | ||
Changes in the scope of consolidation | 0 | 177 | 9,618 | ||
Exchange differences and other | 163 | (387) | (798) | ||
Gross carrying amount | Loans and advances - Customers | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Financial assets at beginning of period | 906,228 | 872,849 | |||
Financial assets at end of period | 964,460 | 906,228 | 872,849 | ||
Gross carrying amount | Loans and advances - Customers | Financial instruments credit-impaired | |||||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||||
Financial assets at beginning of period | 34,218 | 36,280 | 32,573 | ||
Financial assets at end of period | € 32,543 | € 34,218 | € 36,280 |
Loans and advances to custome_9
Loans and advances to customers - By geographical location and age (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 942,218 | € 882,921 | € 848,915 |
Gross carrying amount | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 32,543 | ||
Gross carrying amount | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 34,218 | 36,280 | |
Gross carrying amount | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 11,776 | ||
Gross carrying amount | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 13,152 | 11,724 | |
Gross carrying amount | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 3,992 | ||
Gross carrying amount | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 4,167 | 4,977 | |
Gross carrying amount | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,339 | ||
Gross carrying amount | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,083 | 2,521 | |
Gross carrying amount | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,027 | ||
Gross carrying amount | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,929 | 2,128 | |
Gross carrying amount | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 12,409 | ||
Gross carrying amount | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 12,887 | 14,930 | |
Gross carrying amount | SPAIN | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 14,894 | ||
Gross carrying amount | SPAIN | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 16,382 | 18,200 | |
Gross carrying amount | SPAIN | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 4,018 | ||
Gross carrying amount | SPAIN | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 5,671 | 6,012 | |
Gross carrying amount | SPAIN | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 914 | ||
Gross carrying amount | SPAIN | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 780 | 938 | |
Gross carrying amount | SPAIN | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 686 | ||
Gross carrying amount | SPAIN | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 551 | 793 | |
Gross carrying amount | SPAIN | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 668 | ||
Gross carrying amount | SPAIN | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 656 | 814 | |
Gross carrying amount | SPAIN | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 8,608 | ||
Gross carrying amount | SPAIN | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 8,724 | 9,643 | |
Gross carrying amount | European Union (excluding Spain) | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 7,740 | ||
Gross carrying amount | European Union (excluding Spain) | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 7,911 | 8,747 | |
Gross carrying amount | European Union (excluding Spain) | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,659 | ||
Gross carrying amount | European Union (excluding Spain) | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,940 | 2,023 | |
Gross carrying amount | European Union (excluding Spain) | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,169 | ||
Gross carrying amount | European Union (excluding Spain) | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,213 | 1,526 | |
Gross carrying amount | European Union (excluding Spain) | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 723 | ||
Gross carrying amount | European Union (excluding Spain) | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 577 | 811 | |
Gross carrying amount | European Union (excluding Spain) | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 622 | ||
Gross carrying amount | European Union (excluding Spain) | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 519 | 558 | |
Gross carrying amount | European Union (excluding Spain) | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,567 | ||
Gross carrying amount | European Union (excluding Spain) | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,662 | 3,829 | |
Gross carrying amount | United States and Puerto Rico | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,308 | ||
Gross carrying amount | United States and Puerto Rico | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,676 | 2,146 | |
Gross carrying amount | United States and Puerto Rico | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,725 | ||
Gross carrying amount | United States and Puerto Rico | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,906 | 1,221 | |
Gross carrying amount | United States and Puerto Rico | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 403 | ||
Gross carrying amount | United States and Puerto Rico | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 531 | 641 | |
Gross carrying amount | United States and Puerto Rico | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 34 | ||
Gross carrying amount | United States and Puerto Rico | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 30 | 42 | |
Gross carrying amount | United States and Puerto Rico | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 21 | ||
Gross carrying amount | United States and Puerto Rico | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 31 | 50 | |
Gross carrying amount | United States and Puerto Rico | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 125 | ||
Gross carrying amount | United States and Puerto Rico | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 178 | 192 | |
Gross carrying amount | Other OECD countries | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,790 | ||
Gross carrying amount | Other OECD countries | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 2,737 | 2,758 | |
Gross carrying amount | Other OECD countries | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,426 | ||
Gross carrying amount | Other OECD countries | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,414 | 1,523 | |
Gross carrying amount | Other OECD countries | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 574 | ||
Gross carrying amount | Other OECD countries | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 498 | 563 | |
Gross carrying amount | Other OECD countries | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 172 | ||
Gross carrying amount | Other OECD countries | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 143 | 166 | |
Gross carrying amount | Other OECD countries | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 124 | ||
Gross carrying amount | Other OECD countries | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 162 | 128 | |
Gross carrying amount | Other OECD countries | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 494 | ||
Gross carrying amount | Other OECD countries | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 520 | 378 | |
Gross carrying amount | Latin America (non-OECD) | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 4,811 | ||
Gross carrying amount | Latin America (non-OECD) | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 4,512 | 4,429 | |
Gross carrying amount | Latin America (non-OECD) | With no past due balances or less than 90 days past due | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,948 | ||
Gross carrying amount | Latin America (non-OECD) | With no past due balances or less than 90 days past due | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,221 | 945 | |
Gross carrying amount | Latin America (non-OECD) | 90 to 180 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 932 | ||
Gross carrying amount | Latin America (non-OECD) | 90 to 180 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,145 | 1,309 | |
Gross carrying amount | Latin America (non-OECD) | 180 to 270 days | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 724 | ||
Gross carrying amount | Latin America (non-OECD) | 180 to 270 days | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 782 | 709 | |
Gross carrying amount | Latin America (non-OECD) | 270 days to 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 592 | ||
Gross carrying amount | Latin America (non-OECD) | 270 days to 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 561 | 578 | |
Gross carrying amount | Latin America (non-OECD) | More than 1 year | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 615 | ||
Gross carrying amount | Latin America (non-OECD) | More than 1 year | Loans and receivables, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 803 | € 888 |
Loans and advances to custom_10
Loans and advances to customers - Assets, allowances and collateral (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 942,218 | € 882,921 | € 848,915 |
Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 12,719 | ||
With property collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 10,819 | ||
With other collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 1,900 | ||
Gross carrying amount | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 32,543 | ||
Gross carrying amount | Without collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 11,408 | ||
Gross carrying amount | With property collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 16,076 | ||
Gross carrying amount | With other collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 5,059 | ||
Accumulated impairment | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 13,933 | ||
Accumulated impairment | Without collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 7,144 | ||
Accumulated impairment | With property collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 4,429 | ||
Accumulated impairment | With other collateral | Financial assets at amortised cost, category | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 2,360 |
Loans and advances to custom_11
Loans and advances to customers - Standard loans past due 90 days or less (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 942,218 | € 882,921 | € 848,915 |
Less than 1 month | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1,738 | ||
1 to 2 months | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 894 | ||
2 to 3 months | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 351 | ||
Public sector | Less than 1 month | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 1 | ||
Public sector | 1 to 2 months | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 0 | ||
Public sector | 2 to 3 months | Financial assets at amortised cost, category | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 0 |
Loans and advances to custom_12
Loans and advances to customers - Securitisation (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | € 93,553 | € 88,767 | € 91,208 |
Securitizations | 93,553 | 88,767 | 91,208 |
UK | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 13,002 | 13,519 | 15,694 |
Mortgage assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 31,868 | 33,900 | 36,844 |
Other securitized assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 61,685 | 54,867 | 54,364 |
Banco Popular Espanol, S.A.U. | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Off balance sheet securitised assets related to business combination | € 676 | € 797 | € 1,139 |
Trading derivatives (Details)
Trading derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | € 6,169,917 | € 5,791,733 | € 4,714,509 |
Derivative, fair value | 381 | 598 | (649) |
Forward rate agreements | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 218,252 | 308,340 | 190,553 |
Derivative, fair value | (8) | (1) | (15) |
Interest rate swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 4,322,199 | 4,197,246 | 3,312,025 |
Derivative, fair value | 2,573 | 115 | 974 |
Options, futures and other derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 794,140 | 543,138 | 540,424 |
Derivative, fair value | (907) | (514) | (511) |
CDS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 23,701 | 18,889 | 25,136 |
Derivative, fair value | (71) | 33 | 68 |
Foreign currency purchases and sales | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 325,720 | 275,449 | 236,805 |
Derivative, fair value | (441) | 301 | (29) |
Foreign currency options | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 44,763 | 54,215 | 43,488 |
Derivative, fair value | (182) | 2 | (37) |
Currency swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 379,176 | 334,524 | 295,753 |
Derivative, fair value | (1,162) | (416) | (1,628) |
Securities and commodities derivatives and other | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivative, notional amount | 61,966 | 59,932 | 70,325 |
Derivative, fair value | € 579 | € 1,078 | € 529 |
Non-current assets (Details)
Non-current assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | ||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Tangible assets | € 35,235 | € 26,157 | [1] | € 22,974 | € 32,850 |
Other assets | 10,138 | 9,348 | [1] | 9,766 | |
Total non-current assets held for sale | 4,601 | 5,426 | [1] | 15,280 | |
Loss on disposal of real estate assets | 232 | 123 | [2] | 203 | |
Non-current assets held for sale | |||||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Tangible assets | 4,588 | 5,424 | 11,661 | ||
Other tangible assets held for sale | 103 | 90 | 95 | ||
Other assets | 13 | 2 | 3,619 | ||
Total non-current assets held for sale | 4,601 | 5,426 | 15,280 | ||
Non-current assets held for sale | Foreclosed assets | |||||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Tangible assets | 4,485 | 5,334 | 11,566 | ||
Non-current assets held for sale | SPAIN | |||||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Loss on disposal of real estate assets | 180 | ||||
Non-current assets held for sale | SPAIN | Foreclosed assets | |||||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Tangible assets | € 3,667 | € 4,488 | € 10,533 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Non-current assets - Allowances
Non-current assets - Allowances and other information (Details) € in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Impairment (Note 12) | € 146 | € 259 | € 306 | ||
Non-current assets held for sale | |||||
Gains Or Losses On Assets Held For Sale [Line Items] | |||||
Allowances recognized for non-current assets (as percentage) | 48.00% | 49.00% | 49.00% | 50.00% | 50.00% |
Impairment (Note 12) | € 279 | $ 320 | $ 347 | ||
Recoveries | € 133 | $ 61 | $ 41 |
Investments - Summary of invest
Investments - Summary of investments by company (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Investment [Line Items] | ||||
Associated entities | € 7,447 | € 6,609 | [1] | € 4,197 |
Investments in joint ventures | 1,325 | 979 | [1] | 1,987 |
Wizink Bank, S.A. | ||||
Investment [Line Items] | ||||
Investments in joint ventures | 0 | 0 | 1,017 | |
Santander Securities Services Latam Holding, S.L. | ||||
Investment [Line Items] | ||||
Investments in joint ventures | 349 | 0 | 0 | |
Union De Creditos Inmobiliarios SA EFC [Member] | ||||
Investment [Line Items] | ||||
Investments in joint ventures | 206 | 202 | 207 | |
Aegon Santander Seguros | ||||
Investment [Line Items] | ||||
Investments in joint ventures | 170 | 163 | 186 | |
Other joint venture companies | ||||
Investment [Line Items] | ||||
Investments in joint ventures | 600 | 614 | 577 | |
Merlin Properties, SOCIMI, S.A. | ||||
Investment [Line Items] | ||||
Associated entities | 1,511 | 1,358 | 1,242 | |
Project Quasar Investments 2017, S.L. | ||||
Investment [Line Items] | ||||
Associated entities | 1,351 | 1,701 | 0 | |
Metrovacesa, S.A. | ||||
Investment [Line Items] | ||||
Associated entities | 1,226 | 1,255 | 0 | |
Caceis | ||||
Investment [Line Items] | ||||
Associated entities | 1,010 | 0 | 0 | |
Zurich Santander Insurance America S.L. | ||||
Investment [Line Items] | ||||
Associated entities | 1,009 | 961 | 988 | |
Testa Residencial, SOCIMI, S.A. | ||||
Investment [Line Items] | ||||
Associated entities | 0 | 0 | 651 | |
Allianz Popular, S.L. | ||||
Investment [Line Items] | ||||
Associated entities | 409 | 431 | 438 | |
Santander Insurance | ||||
Investment [Line Items] | ||||
Associated entities | 402 | 392 | 358 | |
Other associated companies | ||||
Investment [Line Items] | ||||
Associated entities | € 529 | € 511 | € 520 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Investments - Changes in invest
Investments - Changes in investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Investment [Line Items] | |||||
Balance at beginning of year | € 7,588 | [1] | € 6,184 | € 4,836 | |
Acquisitions (disposals) and capital increases (reductions) | (123) | (1,761) | 1,893 | ||
Changes in the consolidation method (Note 3) | 1,368 | 2,967 | (582) | ||
Effect of equity accounting | 324 | 737 | [2] | 704 | |
Dividends paid and reimbursements of share premium | (407) | (404) | (376) | ||
Exchange differences and other changes | 22 | (101) | (291) | ||
Balance at end of year | 8,772 | 7,588 | [1] | 6,184 | |
Wizink Bank, S.A. | |||||
Investment [Line Items] | |||||
Acquisitions (disposals) and capital increases (reductions) | 0 | (1,033) | 1,017 | ||
Allianz Popular, S.L. | |||||
Investment [Line Items] | |||||
Acquisitions (disposals) and capital increases (reductions) | 0 | 0 | 438 | ||
Effect of equity accounting | 30 | 45 | 15 | ||
Caceis | |||||
Investment [Line Items] | |||||
Changes in the consolidation method (Note 3) | 1,010 | 0 | 0 | ||
Santander Securities Services Latam Holding, S.L. | |||||
Investment [Line Items] | |||||
Changes in the consolidation method (Note 3) | 349 | 0 | 0 | ||
Project Quasar Investments 2017, S.L. | |||||
Investment [Line Items] | |||||
Changes in the consolidation method (Note 3) | 0 | 1,701 | 0 | ||
Effect of equity accounting | (350) | 0 | 0 | ||
Metrovacesa, S.A. | |||||
Investment [Line Items] | |||||
Changes in the consolidation method (Note 3) | € 0 | € 1,255 | € 0 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Investments - Summary of compan
Investments - Summary of companies using the equity method (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | Dec. 31, 2016 | ||
Investment [Line Items] | ||||||
Total assets | € 1,522,695 | € 1,459,271 | [1] | € 1,444,305 | € 1,443,069 | |
Total liabilities | (1,412,036) | (1,351,910) | [1] | (1,337,472) | € (1,337,707) | |
Goodwill | 24,246 | 25,466 | [1] | 25,769 | € 26,724 | |
Profit (loss) | 8,116 | 9,315 | [2],[3],[4] | 8,207 | ||
Group's share of profit | 324 | 737 | [2] | 704 | ||
Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | ||||||
Investment [Line Items] | ||||||
Total assets | 165,386 | 74,765 | 63,093 | |||
Total liabilities | (143,987) | (58,153) | (51,242) | |||
Net assets | 21,399 | 16,612 | 11,851 | |||
Total revenue | 14,172 | 12,174 | 12,536 | |||
Profit (loss) | 1,375 | 1,867 | 1,699 | |||
Equity Investments | ||||||
Investment [Line Items] | ||||||
Net assets | 8,772 | 7,588 | 6,184 | |||
Net assets excluding goodwill | 6,729 | 6,157 | 4,194 | |||
Goodwill | 2,043 | 1,431 | 1,990 | |||
Zurich Santander Insurance America S.L. | ||||||
Investment [Line Items] | ||||||
Goodwill | 526 | 526 | 526 | |||
Group's share of profit | 197 | 194 | 241 | |||
Zurich Santander Insurance America S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | ||||||
Investment [Line Items] | ||||||
Total assets | 15,865 | |||||
Total liabilities | (14,875) | |||||
Total revenue | 5,579 | |||||
Profit (loss) | 406 | |||||
Caceis | ||||||
Investment [Line Items] | ||||||
Goodwill | 466 | 0 | 0 | |||
Caceis | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | ||||||
Investment [Line Items] | ||||||
Total assets | 88,015 | |||||
Total liabilities | (84,045) | |||||
Total revenue | 1,632 | |||||
Profit (loss) | 159 | |||||
Allianz Popular, S.L. | ||||||
Investment [Line Items] | ||||||
Goodwill | 347 | 347 | 347 | |||
Group's share of profit | 30 | 45 | 15 | |||
Allianz Popular, S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | ||||||
Investment [Line Items] | ||||||
Total assets | 2,749 | |||||
Total liabilities | (2,593) | |||||
Total revenue | 361 | |||||
Profit (loss) | 76 | |||||
Santander Securities Services Latam Holding, S.L. | ||||||
Investment [Line Items] | ||||||
Goodwill | 207 | 0 | 0 | |||
Santander Insurance | ||||||
Investment [Line Items] | ||||||
Goodwill | 205 | 205 | 205 | |||
Santander Insurance | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | ||||||
Investment [Line Items] | ||||||
Total assets | 2,424 | |||||
Total liabilities | (2,024) | |||||
Total revenue | 817 | |||||
Profit (loss) | 84 | |||||
Wizink Bank, S.A. | ||||||
Investment [Line Items] | ||||||
Goodwill | 0 | 0 | 553 | |||
Group's share of profit | € 0 | € 56 | € 36 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[3] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Investments - Summary of associ
Investments - Summary of associates and joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | ||
Investment [Line Items] | |||||
Total assets | € 1,522,695 | € 1,459,271 | [1] | € 1,444,305 | € 1,443,069 |
Liabilities | 1,412,036 | 1,351,910 | [1] | 1,337,472 | € 1,337,707 |
Profit (loss) | 8,116 | 9,315 | [2],[3],[4] | 8,207 | |
Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 165,386 | 74,765 | 63,093 | ||
Liabilities | 143,987 | 58,153 | 51,242 | ||
Total revenue | 14,172 | 12,174 | 12,536 | ||
Profit (loss) | 1,375 | € 1,867 | € 1,699 | ||
Associates [member] | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 141,102 | ||||
Liabilities | 121,740 | ||||
Total revenue | 11,464 | ||||
Profit (loss) | 1,026 | ||||
Caceis | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 88,015 | ||||
Liabilities | 84,045 | ||||
Total revenue | 1,632 | ||||
Profit (loss) | 159 | ||||
Zurich Santander Insurance America S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 15,865 | ||||
Liabilities | 14,875 | ||||
Total revenue | 5,579 | ||||
Profit (loss) | 406 | ||||
Project Quasar Investments 2017, S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 9,928 | ||||
Liabilities | 6,712 | ||||
Total revenue | 494 | ||||
Profit (loss) | (714) | ||||
Allianz Popular, S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 2,749 | ||||
Liabilities | 2,593 | ||||
Total revenue | 361 | ||||
Profit (loss) | 76 | ||||
Santander Insurance | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 2,424 | ||||
Liabilities | 2,024 | ||||
Total revenue | 817 | ||||
Profit (loss) | 84 | ||||
Joint ventures [member] | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 24,284 | ||||
Liabilities | 22,247 | ||||
Total revenue | 2,708 | ||||
Profit (loss) | 349 | ||||
Union De Creditos Inmobiliarios SA EFC [Member] | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 13,088 | ||||
Liabilities | 12,683 | ||||
Total revenue | 261 | ||||
Profit (loss) | 11 | ||||
Aegon Santander Seguros | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 817 | ||||
Liabilities | 600 | ||||
Total revenue | 521 | ||||
Profit (loss) | 65 | ||||
Santander Securities Services Latam Holding, S.L. | Aggregate Amounts For Entities Accounted For Using The Equity Method [Member] | |||||
Investment [Line Items] | |||||
Total assets | 391 | ||||
Liabilities | 99 | ||||
Total revenue | 103 | ||||
Profit (loss) | € 59 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[3] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Insurance contracts linked to_3
Insurance contracts linked to pensions (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of types of insurance contracts [line items] | ||||
Assets arising from insurance contracts | € 192 | € 210 | [1] | € 239 |
Banco Santander S.A. | ||||
Disclosure of types of insurance contracts [line items] | ||||
Assets arising from insurance contracts | € 192 | € 210 | € 239 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Liabilities and assets under _3
Liabilities and assets under insurance contracts and reinsurance assets (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | € 739 | € 765 | [1] | € 1,117 |
Reinsurance ceded | (292) | (324) | [1] | (341) |
Total (balance payable) | 447 | 441 | 776 | |
Unearned premiums and unexpired risks | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 59 | 52 | 50 | |
Reinsurance ceded | (52) | (47) | (41) | |
Total (balance payable) | 7 | 5 | 9 | |
Life insurance | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 206 | 227 | 483 | |
Reinsurance ceded | (151) | (163) | (151) | |
Total (balance payable) | 55 | 64 | 332 | |
Life Insurance Unearned Premiums And Risks [Member] | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 139 | 140 | 100 | |
Reinsurance ceded | (132) | (127) | (96) | |
Total (balance payable) | 7 | 13 | 4 | |
Life Insurance Mathematical Provisions [Member] | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 67 | 87 | 383 | |
Reinsurance ceded | (19) | (36) | (55) | |
Total (balance payable) | 48 | 51 | 328 | |
Claims outstanding | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 399 | 397 | 423 | |
Reinsurance ceded | (55) | (86) | (115) | |
Total (balance payable) | 344 | 311 | 308 | |
Bonuses and rebates | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 22 | 20 | 29 | |
Reinsurance ceded | (10) | (9) | (11) | |
Total (balance payable) | 12 | 11 | 18 | |
Other technical provisions | ||||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||||
Direct insurance and reinsurance assumed | 53 | 69 | 132 | |
Reinsurance ceded | (24) | (19) | (23) | |
Total (balance payable) | € 29 | € 50 | € 109 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tangible assets - Changes in ta
Tangible assets - Changes in tangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | Jan. 01, 2018 | |||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | € 26,157 | [1] | € 22,974 | ||||
Effect of changes in accounting policies | € (391) | € (1,340) | |||||
Balance, at the end of the period | 35,235 | 26,157 | [1] | € 22,974 | |||
Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 46,200 | 41,091 | 39,815 | ||||
Additions / disposals (net) due to change in the scope of consolidation | (20) | (552) | 1,945 | ||||
Additions/ disposals (net) | 4,701 | 5,952 | 3,126 | ||||
Transfers, exchange differences and other items | (4,562) | (291) | (3,795) | ||||
Balance, at the end of the period | 53,012 | 46,200 | 41,091 | ||||
Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (19,127) | (17,213) | (15,577) | ||||
Additions / disposals (net) due to change in the scope of consolidation | 9 | (46) | 0 | ||||
Additions/ disposals (net) | 2,537 | 1,059 | 1,125 | ||||
Charge for the year | (2,035) | (1,172) | (1,190) | ||||
Transfers, exchange differences and other items | 1,288 | (1,755) | (1,571) | ||||
Balance, at the end of the period | (17,328) | (19,127) | (17,213) | ||||
Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (916) | (904) | (952) | ||||
Impairment charge for the year | (62) | (94) | (79) | ||||
Releases | 17 | 11 | 7 | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | (3) | ||||
Transfers, exchange differences and other items | 512 | 71 | 123 | ||||
Balance, at the end of the period | (449) | (916) | (904) | ||||
Property, plant and equipment for own use | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 8,150 | 8,279 | |||||
Balance, at the end of the period | 15,041 | 8,150 | 8,279 | ||||
Property, plant and equipment for own use | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 18,735 | 19,276 | 18,112 | ||||
Additions / disposals (net) due to change in the scope of consolidation | (5) | 34 | 1,740 | ||||
Additions/ disposals (net) | 1,863 | 589 | 781 | ||||
Transfers, exchange differences and other items | (178) | (1,164) | (1,357) | ||||
Balance, at the end of the period | 27,108 | 18,735 | 19,276 | ||||
Property, plant and equipment for own use | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (10,524) | (10,920) | (10,211) | ||||
Additions / disposals (net) due to change in the scope of consolidation | 3 | (12) | 0 | ||||
Additions/ disposals (net) | 356 | 629 | 478 | ||||
Charge for the year | (2,021) | (1,159) | (1,165) | ||||
Transfers, exchange differences and other items | 212 | 938 | (22) | ||||
Balance, at the end of the period | (11,974) | (10,524) | (10,920) | ||||
Property, plant and equipment for own use | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (61) | (77) | (41) | ||||
Impairment charge for the year | (14) | (30) | (16) | ||||
Releases | 8 | 6 | 4 | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 | ||||
Transfers, exchange differences and other items | (26) | 40 | (24) | ||||
Balance, at the end of the period | (93) | (61) | (77) | ||||
Property, plant and equipment leased out under an operating lease | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 16,444 | 12,371 | |||||
Balance, at the end of the period | 19,221 | 16,444 | 12,371 | ||||
Property, plant and equipment leased out under an operating lease | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 25,087 | 18,673 | 18,238 | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | 44 | 205 | ||||
Additions/ disposals (net) | 3,148 | 5,545 | 2,445 | ||||
Transfers, exchange differences and other items | (3,781) | 825 | (2,215) | ||||
Balance, at the end of the period | 24,454 | 25,087 | 18,673 | ||||
Property, plant and equipment leased out under an operating lease | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (8,404) | (6,104) | (5,169) | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | (34) | 0 | ||||
Additions/ disposals (net) | 2,149 | 413 | 639 | ||||
Charge for the year | 0 | 0 | 0 | ||||
Transfers, exchange differences and other items | 1,045 | (2,679) | (1,574) | ||||
Balance, at the end of the period | (5,210) | (8,404) | (6,104) | ||||
Property, plant and equipment leased out under an operating lease | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (239) | (198) | (159) | ||||
Impairment charge for the year | (12) | (56) | (42) | ||||
Releases | 6 | 0 | 0 | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | (2) | ||||
Transfers, exchange differences and other items | 222 | 15 | 5 | ||||
Balance, at the end of the period | (23) | (239) | (198) | ||||
Investment property | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 1,563 | 2,324 | |||||
Balance, at the end of the period | 973 | 1,563 | 2,324 | ||||
Investment property | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | 2,378 | 3,142 | 3,465 | ||||
Additions / disposals (net) due to change in the scope of consolidation | (15) | (630) | 0 | ||||
Additions/ disposals (net) | (310) | (182) | (100) | ||||
Transfers, exchange differences and other items | (603) | 48 | (223) | ||||
Balance, at the end of the period | 1,450 | 2,378 | 3,142 | ||||
Investment property | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (199) | (189) | (197) | ||||
Additions / disposals (net) due to change in the scope of consolidation | 6 | 0 | 0 | ||||
Additions/ disposals (net) | 32 | 17 | 8 | ||||
Charge for the year | (14) | (13) | (25) | ||||
Transfers, exchange differences and other items | 31 | (14) | 25 | ||||
Balance, at the end of the period | (144) | (199) | (189) | ||||
Investment property | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the beginning of the period | (616) | (629) | (752) | ||||
Impairment charge for the year | (36) | (8) | (21) | ||||
Releases | 3 | 5 | 3 | ||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | (1) | ||||
Transfers, exchange differences and other items | 316 | 16 | 142 | ||||
Balance, at the end of the period | (333) | € (616) | € (629) | ||||
Right-of-use assets | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the end of the period | 5 | ||||||
Right-of-use assets | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | (997) | ||||||
Transfers, exchange differences and other items | (10) | ||||||
Balance, at the end of the period | 5,686 | ||||||
Right-of-use assets | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 37 | ||||||
Charge for the year | (807) | ||||||
Transfers, exchange differences and other items | 5 | ||||||
Balance, at the end of the period | (765) | ||||||
Right-of-use assets | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Impairment charge for the year | 0 | ||||||
Releases | 0 | ||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Property, plant and equipment for own use | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the end of the period | 4,921 | ||||||
Right-of-use assets | Property, plant and equipment for own use | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | (997) | ||||||
Transfers, exchange differences and other items | (10) | ||||||
Balance, at the end of the period | 5,686 | ||||||
Right-of-use assets | Property, plant and equipment for own use | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 37 | ||||||
Charge for the year | (807) | ||||||
Transfers, exchange differences and other items | 5 | ||||||
Balance, at the end of the period | (765) | ||||||
Right-of-use assets | Property, plant and equipment for own use | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Impairment charge for the year | 0 | ||||||
Releases | 0 | ||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Property, plant and equipment leased out under an operating lease | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Property, plant and equipment leased out under an operating lease | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Property, plant and equipment leased out under an operating lease | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 0 | ||||||
Charge for the year | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Property, plant and equipment leased out under an operating lease | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Impairment charge for the year | 0 | ||||||
Releases | 0 | ||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Investment property | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Investment property | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Investment property | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Additions/ disposals (net) | 0 | ||||||
Charge for the year | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | 0 | ||||||
Right-of-use assets | Investment property | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Impairment charge for the year | 0 | ||||||
Releases | 0 | ||||||
Additions / disposals (net) due to change in the scope of consolidation | 0 | ||||||
Transfers, exchange differences and other items | 0 | ||||||
Balance, at the end of the period | € 0 | ||||||
IFRS 16 | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment for own use | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Property, plant and equipment for own use | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Property, plant and equipment for own use | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment for own use | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment leased out under an operating lease | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment leased out under an operating lease | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment leased out under an operating lease | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Property, plant and equipment leased out under an operating lease | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Investment property | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Investment property | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Investment property | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Investment property | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Right-of-use assets | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Right-of-use assets | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment for own use | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment for own use | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 6,693 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment for own use | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment for own use | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment leased out under an operating lease | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment leased out under an operating lease | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment leased out under an operating lease | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Property, plant and equipment leased out under an operating lease | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Investment property | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Investment property | Gross carrying amount | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Investment property | Accumulated depreciation | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | 0 | ||||||
IFRS 16 | Right-of-use assets | Investment property | Accumulated impairment | |||||||
Changes in property, plant and equipment [abstract] | |||||||
Effect of changes in accounting policies | € 0 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tangible assets - Property, pla
Tangible assets - Property, plant and equipment owned (Details) € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Property, plant and equipment for own use | ||||||
Carrying amount | € 34,262 | € 24,594 | [1] | € 20,650 | ||
Property, plant and equipment for own use | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 15,041 | 8,150 | 8,279 | |||
Property, plant and equipment for own use | Abroad | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 7,737 | $ 5,390 | $ 5,455 | |||
Property, plant and equipment for own use | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 27,108 | 18,735 | 19,276 | |||
Property, plant and equipment for own use | Accumulated depreciation | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (11,974) | (10,524) | (10,920) | |||
Property, plant and equipment for own use | Accumulated impairment | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (93) | (61) | (77) | |||
Land and buildings | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 10,990 | 4,010 | 3,801 | |||
Land and buildings | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 13,972 | 6,127 | 5,892 | |||
Land and buildings | Accumulated depreciation | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (2,889) | (2,056) | (2,014) | |||
Land and buildings | Accumulated impairment | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (93) | (61) | (77) | |||
IT equipment and fixtures | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 1,187 | 1,150 | 1,186 | |||
IT equipment and fixtures | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 5,995 | 5,605 | 5,608 | |||
IT equipment and fixtures | Accumulated depreciation | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (4,808) | (4,455) | (4,422) | |||
IT equipment and fixtures | Accumulated impairment | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 0 | 0 | 0 | |||
Furniture and vehicles | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 2,736 | 2,740 | 2,822 | |||
Furniture and vehicles | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 6,952 | 6,686 | 7,213 | |||
Furniture and vehicles | Accumulated depreciation | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (4,216) | (3,946) | (4,391) | |||
Furniture and vehicles | Accumulated impairment | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 0 | 0 | 0 | |||
Construction in progress | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 128 | 250 | 470 | |||
Construction in progress | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 189 | 317 | 563 | |||
Construction in progress | Accumulated depreciation | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | (61) | (67) | (93) | |||
Construction in progress | Accumulated impairment | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 0 | € 0 | € 0 | |||
Right-of-use assets | Property, plant and equipment for own use | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 4,921 | |||||
Right-of-use assets | Land and buildings | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 4,908 | |||||
Right-of-use assets | IT equipment and fixtures | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 2 | |||||
Right-of-use assets | Furniture and vehicles | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | 11 | |||||
Right-of-use assets | Construction in progress | Gross carrying amount | ||||||
Property, plant and equipment for own use | ||||||
Carrying amount | € 0 | |||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tangible assets - Leased out un
Tangible assets - Leased out under an operating lease (Details) - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis of operating lease payments [line items] | ||||
Operating leases | € 19,221 | € 6,550 | ||
Variable lease payments | € 0 | 24 | € 26 | € 21 |
Santander Consumer USA Holdings Inc. | Vehicles | ||||
Disclosure of maturity analysis of operating lease payments [line items] | ||||
Operating leases | € 14,779 |
Tangible Assets - Maturity of O
Tangible Assets - Maturity of Operating Leases (Details) € in Millions | Dec. 31, 2019EUR (€) |
2020 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 2,467 |
2021 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 6,330 |
2022 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 5,474 |
2023 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 1,362 |
Tangible Assets - Investment pr
Tangible Assets - Investment property (Details) € in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Investment property | |||
Fair value of investment property | € 1,076 | $ 1,825 | $ 2,452 |
Gross unrealized gains | € 103 | $ 262 | $ 128 |
Intangible assets - Goodwill -
Intangible assets - Goodwill - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash-generating units information | |||||
Goodwill | € 24,246 | € 25,466 | [1] | € 25,769 | € 26,724 |
Grupo Santander UK | |||||
Cash-generating units information | |||||
Goodwill | 7,147 | 8,307 | 8,375 | ||
Banco Santander (Brasil) S.A | |||||
Cash-generating units information | |||||
Goodwill | 4,388 | 4,459 | 4,988 | ||
Santander Bank Polska SA | |||||
Cash-generating units information | |||||
Goodwill | 2,427 | 2,402 | 2,473 | ||
Santander Consumer USA Holdings Inc. | |||||
Cash-generating units information | |||||
Goodwill | 2,143 | 2,102 | 2,007 | ||
Santander Bank, National Association | |||||
Cash-generating units information | |||||
Goodwill | 1,828 | 1,793 | 1,712 | ||
Santander Consumer Germany | |||||
Cash-generating units information | |||||
Goodwill | 1,236 | 1,217 | 1,217 | ||
Santander Asset Management (SAM) | |||||
Cash-generating units information | |||||
Goodwill | 1,173 | 1,173 | 1,173 | ||
Santander Portugal | |||||
Cash-generating units information | |||||
Goodwill | 1,040 | 1,040 | 1,040 | ||
Santander Espana | |||||
Cash-generating units information | |||||
Goodwill | 1,027 | 1,023 | 648 | ||
Banco Santander - Chile | |||||
Cash-generating units information | |||||
Goodwill | 589 | 627 | 676 | ||
Santander Consumer Bank (Nordics) | |||||
Cash-generating units information | |||||
Goodwill | 496 | 502 | 518 | ||
Banco Santander S.A. (Mexico) | |||||
Cash-generating units information | |||||
Goodwill | 460 | 434 | 413 | ||
Other cash-generating companies | |||||
Cash-generating units information | |||||
Goodwill | € 292 | € 387 | € 529 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Intangible assets - Goodwill _2
Intangible assets - Goodwill - Changes (Details) € in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |||
Changes in goodwill | |||||||
Goodwill at beginning of period | € 25,466 | [1] | € 25,769 | € 26,724 | |||
Additions | 41 | 383 | 1,644 | ||||
Impairment losses | (1,491) | 0 | (899) | ||||
Disposals or changes in scope of consolidation | 0 | (130) | 0 | ||||
Exchange differences and other items | (230) | $ 556 | 556 | $ 1,704 | 1,700 | ||
Goodwill at end of period | 24,246 | 25,466 | [1] | 25,769 | |||
Santander Asset Management (SAM) | |||||||
Changes in goodwill | |||||||
Additions | 0 | 0 | 1,173 | ||||
Santander Espana | |||||||
Changes in goodwill | |||||||
Additions | 4 | 375 | 248 | ||||
Santander UK plc | |||||||
Changes in goodwill | |||||||
Impairment losses | (1,491) | 0 | 0 | ||||
Santander Consumer USA Holdings Inc. | |||||||
Changes in goodwill | |||||||
Impairment losses | € 0 | 0 | (799) | ||||
Banco Popular Espanol, S.A. | |||||||
Changes in goodwill | |||||||
Additions | € 248 | ||||||
Wizink Bank, S.A. | |||||||
Changes in goodwill | |||||||
Unsold part of the WiZink stake | € 375 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Intangible assets - Goodwill _3
Intangible assets - Goodwill - Assumptions (Details) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Cash-generating units information | ||||||
Increase (decrease) through net exchange differences, goodwill | € 230 | $ (556,000,000) | € (556) | $ (1,704,000,000) | € (1,700) | |
Impairment loss recognised in profit or loss, goodwill | € 1,491 | € 0 | € 899 | |||
Impairment loss, net of tax, goodwill | $ | $ 1,491,000,000 | $ 0 | $ 899,000,000 | |||
Grupo Santander UK | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 8.50% | 8.50% | 8.40% | 8.40% | 8.40% | 8.40% |
Nominal perpetual growth rate (as a percent) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Impairment loss recognised in profit or loss, goodwill | € 1,491 | |||||
Santander Bank Polska SA | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 9.20% | 9.20% | ||||
Nominal perpetual growth rate (as a percent) | 3.50% | 3.50% | ||||
Santander Consumer USA | ||||||
Cash-generating units information | ||||||
Projected period | 3 years | 3 years | ||||
Discount rate (as a percent) | 9.50% | 9.50% | 11.10% | 11.10% | 10.70% | 10.70% |
Nominal perpetual growth rate (as a percent) | 1.50% | 1.50% | 1.50% | 1.50% | 2.50% | 2.50% |
Impairment loss recognised in profit or loss, goodwill | € 799 | |||||
Santander Bank, National Association | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 9.60% | 9.60% | 10.60% | 10.60% | 10.10% | 10.10% |
Nominal perpetual growth rate (as a percent) | 3.60% | 3.60% | 3.80% | 3.80% | 3.70% | 3.70% |
Santander Consumer Germany | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 8.20% | 8.20% | 8.50% | 8.50% | 8.60% | 8.60% |
Nominal perpetual growth rate (as a percent) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Santander Asset Management (SAM) | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 10.00% | 10.00% | 9.60% | 9.60% | ||
Nominal perpetual growth rate (as a percent) | 2.50% | 2.50% | 2.50% | 2.50% | ||
Santander Portugal | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 8.90% | 8.90% | 9.60% | 9.60% | 10.00% | 10.00% |
Nominal perpetual growth rate (as a percent) | 2.00% | 2.00% | 2.00% | 2.00% | 2.50% | 2.50% |
Santander Consumer Bank (Nordics) | ||||||
Cash-generating units information | ||||||
Projected period | 5 years | 5 years | ||||
Discount rate (as a percent) | 8.60% | 8.60% | 9.20% | 9.20% | 9.00% | 9.00% |
Nominal perpetual growth rate (as a percent) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Minimum | ||||||
Cash-generating units information | ||||||
Earnings projections based on financial budgets, approve period | 3 years | 3 years | ||||
Maximum | ||||||
Cash-generating units information | ||||||
Earnings projections based on financial budgets, approve period | 5 years | 5 years |
Intangible assets - Other int_3
Intangible assets - Other intangible assets (Details) € in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | € 3,094 | [1] | € 2,914 | € 2,697 | |||
Net additions and disposals | 1,377 | 1,469 | 1,538 | ||||
Change in scope of consolidation | (33) | 12 | 414 | ||||
Amortization and impairment | (1,039) | (1,370) | (1,577) | ||||
Exchange differences and other | 42 | 69 | (158) | ||||
Intangible assets, end balance | 3,441 | 3,094 | [1] | 2,914 | |||
Impairment losses | 73 | $ 117 | $ 174 | ||||
Accumulated depreciation | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | (5,432) | (5,386) | (4,848) | ||||
Change in scope of consolidation | 8 | (1) | (64) | ||||
Amortization and impairment | (966) | (1,253) | (1,403) | ||||
Application of amortization and impairment | 806 | 1,035 | 694 | ||||
Exchange differences and other | (102) | 173 | 235 | ||||
Intangible assets, end balance | (5,686) | (5,432) | (5,386) | ||||
Accumulated impairment | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | (154) | (240) | (297) | ||||
Amortization and impairment | (73) | (117) | (174) | ||||
Addition | (75) | (118) | (174) | ||||
Liberations | 2 | 1 | |||||
Application of amortization and impairment | 81 | 117 | 111 | ||||
Exchange differences and other | 10 | 86 | 120 | ||||
Intangible assets, end balance | (136) | (154) | (240) | ||||
Brand names | Gross carrying amount | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | 36 | 35 | 39 | ||||
Net additions and disposals | 2 | ||||||
Change in scope of consolidation | 2 | ||||||
Exchange differences and other | 2 | 1 | (4) | ||||
Intangible assets, end balance | € 42 | € 36 | € 35 | ||||
IT developments | Minimum | |||||||
Intangible assets - Other intangible assets | |||||||
Estimated useful life | 3 years | 3 years | 3 years | 3 years | 3 years | ||
IT developments | Maximum | |||||||
Intangible assets - Other intangible assets | |||||||
Estimated useful life | 7 years | 7 years | 7 years | 7 years | 7 years | ||
IT developments | Gross carrying amount | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | € 7,134 | € 6,945 | € 6,558 | ||||
Net additions and disposals | 1,374 | 1,468 | 1,470 | ||||
Change in scope of consolidation | (19) | 1 | 42 | ||||
Application of amortization and impairment | (639) | (1,102) | (679) | ||||
Exchange differences and other | 95 | (178) | (446) | ||||
Intangible assets, end balance | 7,945 | 7,134 | 6,945 | ||||
IT developments | Accumulated depreciation | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | (4,743) | (4,721) | (4,240) | ||||
Change in scope of consolidation | 4 | (1) | (14) | ||||
Amortization and impairment | (874) | (1,153) | (1,310) | ||||
Application of amortization and impairment | 570 | 985 | 627 | ||||
Exchange differences and other | (96) | 147 | 216 | ||||
Intangible assets, end balance | (5,139) | (4,743) | (4,721) | ||||
Other intangibles | Gross carrying amount | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | 1,510 | 1,560 | 1,245 | ||||
Net additions and disposals | 1 | 1 | 68 | ||||
Change in scope of consolidation | (24) | 12 | 436 | ||||
Application of amortization and impairment | (248) | (50) | (126) | ||||
Exchange differences and other | 37 | (13) | (63) | ||||
Intangible assets, end balance | 1,276 | 1,510 | 1,560 | ||||
Other intangibles | Accumulated depreciation | |||||||
Intangible assets - Other intangible assets | |||||||
Intangible assets, beginning balance | (689) | (665) | (608) | ||||
Change in scope of consolidation | 4 | (50) | |||||
Amortization and impairment | (92) | (100) | (93) | ||||
Application of amortization and impairment | 236 | 50 | 67 | ||||
Exchange differences and other | (6) | 26 | 19 | ||||
Intangible assets, end balance | € (547) | € (689) | € (665) | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other Assets (Details)
Other Assets (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Miscellaneous assets [abstract] | ||||
Transactions in transit | € 157 | € 143 | € 206 | |
Net pension plan assets (note 25) | 903 | 1,015 | 604 | |
Prepayments and accrued income | 3,129 | 3,089 | 2,326 | |
Other | 5,752 | 4,744 | 4,427 | |
Other assets, total | € 9,941 | € 8,991 | [1] | € 7,563 |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Deposits from central banks a_3
Deposits from central banks and credit institutions (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Deposits [Line Items] | |||||
Financial liabilities held for trading | € 77,139 | € 70,343 | [1] | € 107,634 | € 107,624 |
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 |
Financial liabilities at amortized cost | 1,230,745 | 1,171,630 | [1] | € 1,126,069 | 1,126,069 |
Deposits from central banks at amortised cost due to participation in the refinancing operations program | 46,201 | 55,382 | |||
Deposits | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 175,163 | 187,909 | 190,314 | ||
Deposits - Central banks | |||||
Deposits [Line Items] | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 282 | |
Financial liabilities designated at fair value through profit or loss | 12,854 | 14,816 | [1] | 8,860 | |
Financial liabilities at amortized cost | 62,468 | 72,523 | [1] | 71,414 | |
Total financial liabilities | 75,322 | 87,339 | 80,556 | ||
Deposits - Credit institutions | |||||
Deposits [Line Items] | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 292 | |
Financial liabilities designated at fair value through profit or loss | 9,340 | 10,891 | [1] | 18,166 | |
Financial liabilities at amortized cost | 90,501 | 89,679 | [1] | 91,300 | |
Total financial liabilities | 99,841 | 100,570 | 109,758 | ||
Deposits on demand | Deposits - Central banks | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 5 | 5 | 5 | ||
Deposits on demand | Deposits - Credit institutions | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 9,136 | 6,154 | 6,444 | ||
Time deposits | Deposits - Central banks | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 67,424 | 82,797 | 78,801 | ||
Time deposits | Deposits - Credit institutions | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 61,406 | 53,422 | 54,158 | ||
Reverse repurchase agreements | Deposits - Central banks | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 7,893 | 4,537 | 1,750 | ||
Reverse repurchase agreements | Deposits - Credit institutions | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 29,115 | 40,873 | 49,049 | ||
Subordinated liabilities | Deposits - Credit institutions | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 184 | 121 | 107 | ||
EUR | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 79,008 | 97,323 | 119,606 | ||
GBP | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 18,129 | 19,301 | 14,820 | ||
USD | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 53,403 | 45,848 | 33,259 | ||
BRL | |||||
Deposits [Line Items] | |||||
Total financial liabilities | 13,022 | 18,657 | 16,485 | ||
Other currencies | |||||
Deposits [Line Items] | |||||
Total financial liabilities | € 11,601 | € 6,780 | € 6,144 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Customer deposits (Details)
Customer deposits (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Customer Deposits [Line Items] | |||||
Financial liabilities held for trading | € 77,139 | € 70,343 | [1] | € 107,634 | € 107,624 |
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 |
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | 1,171,630 | [1] | 1,126,069 | 1,126,069 |
Deposits | |||||
Customer Deposits [Line Items] | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 28,753 | 28,753 |
Financial liabilities designated at fair value through profit or loss | 57,111 | 65,304 | [1] | 55,971 | 55,971 |
FINANCIAL LIABILITIES AT AMORTISED COST | 942,417 | 903,101 | [1] | € 883,320 | 883,320 |
Deposits - Customers | |||||
Customer Deposits [Line Items] | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 28,179 | |
Financial liabilities designated at fair value through profit or loss | 34,917 | 39,597 | [1] | 28,945 | |
FINANCIAL LIABILITIES AT AMORTISED COST | 789,448 | 740,899 | [1] | 720,606 | |
Total financial liabilities | 824,365 | 780,496 | 777,730 | ||
Deposits - Customers | SPAIN | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 271,103 | 267,210 | 260,181 | ||
Deposits - Customers | European Union (excluding Spain) | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 334,542 | 309,615 | 318,580 | ||
Deposits - Customers | United States and Puerto Rico | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 60,011 | 53,843 | 50,771 | ||
Deposits - Customers | Other OECD countries | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 71,235 | 67,462 | 62,980 | ||
Deposits - Customers | South America | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 87,474 | 82,343 | 84,752 | ||
Deposits - Customers | Rest of World | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 0 | 23 | 466 | ||
Deposits - Customers | Current Deposits From Customers | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 373,146 | 346,345 | 328,217 | ||
Deposits - Customers | Savings Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 208,701 | 196,493 | 189,845 | ||
Deposits - Customers | Other Demand Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 6,686 | 5,873 | 7,010 | ||
Deposits - Customers | Fixed Term and Other Term Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 194,163 | 195,540 | 195,285 | ||
Deposits - Customers | Home Purchase Savings Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 44 | 40 | 45 | ||
Deposits - Customers | Discount Time Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 3 | 3 | 3 | ||
Deposits - Customers | Hybrid Financial Liabilities Deposits | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 2,711 | 3,419 | 4,295 | ||
Deposits - Customers | Subordinated liabilities | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | 0 | 23 | 21 | ||
Deposits - Customers | Repurchase Agreement | |||||
Customer Deposits [Line Items] | |||||
Total financial liabilities | € 38,911 | € 32,760 | € 53,009 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Marketable debt securities - Br
Marketable debt securities - Breakdown (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Marketable debt securities | ||||||
Financial liabilities held for trading | € 77,139 | € 70,343 | [1] | € 107,634 | € 107,624 | |
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 | |
Financial liabilities at amortized cost | 1,230,745 | 1,171,630 | [1] | 1,126,069 | 1,126,069 | |
Marketable debt securities | ||||||
Marketable debt securities | ||||||
Financial liabilities held for trading | 0 | 0 | [1] | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 3,758 | 2,305 | [1] | 3,056 | 3,056 | |
Financial liabilities at amortized cost | 258,219 | 244,314 | [1] | € 214,910 | 214,910 | |
Total financial liabilities | 261,977 | 246,619 | 217,966 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities and Notes and Other Securities | ||||||
Marketable debt securities | ||||||
Total financial liabilities | 261,977 | 246,619 | 217,966 | |||
Marketable debt securities | Bonds and debentures | ||||||
Marketable debt securities | ||||||
Total financial liabilities | 208,455 | 195,498 | 176,719 | € 183,278 | ||
Marketable debt securities | Subordinated liabilities | ||||||
Marketable debt securities | ||||||
Total financial liabilities | 20,878 | 23,676 | 21,382 | € 19,873 | ||
Marketable debt securities | Notes and other securities | ||||||
Marketable debt securities | ||||||
Total financial liabilities | € 32,644 | € 27,445 | € 19,865 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Marketable debt securities - Bo
Marketable debt securities - Bonds and Debentures Maturities (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Marketable debt securities | ||||
Notional amount | € 362,464 | € 318,807 | ||
1 month | ||||
Marketable debt securities | ||||
Notional amount | 25,057 | 28,616 | ||
1 to 3 months | ||||
Marketable debt securities | ||||
Notional amount | 24,694 | 25,760 | ||
3 to 12 months | ||||
Marketable debt securities | ||||
Notional amount | 96,106 | 51,794 | ||
More than five years | ||||
Marketable debt securities | ||||
Notional amount | 60,422 | 61,860 | ||
Marketable debt securities | ||||
Marketable debt securities | ||||
Financial liabilities | 261,977 | 246,619 | € 217,966 | |
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | ||||
Marketable debt securities | ||||
Financial liabilities | 261,977 | |||
Notional amount | 259,585 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | On demand | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | 1 month | ||||
Marketable debt securities | ||||
Financial liabilities | 16 | |||
Notional amount | 16,266 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | 1 to 3 months | ||||
Marketable debt securities | ||||
Financial liabilities | 23 | |||
Notional amount | 22,945 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | 3 to 12 months | ||||
Marketable debt securities | ||||
Financial liabilities | 48,504 | |||
Notional amount | 48,421 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | 1 to 3 years | ||||
Marketable debt securities | ||||
Financial liabilities | 66,499 | |||
Notional amount | 65,654 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | 3 to 5 years | ||||
Marketable debt securities | ||||
Financial liabilities | 47,255 | |||
Notional amount | 46,489 | |||
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities | More than five years | ||||
Marketable debt securities | ||||
Financial liabilities | 60,581 | |||
Notional amount | 59,810 | |||
Marketable debt securities | Subordinated liabilities | ||||
Marketable debt securities | ||||
Financial liabilities | 20,878 | 23,676 | 21,382 | € 19,873 |
Notional amount | 20,649 | |||
Marketable debt securities | Subordinated liabilities | On demand | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Subordinated liabilities | 1 month | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Subordinated liabilities | 1 to 3 months | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Subordinated liabilities | 3 to 12 months | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Subordinated liabilities | 1 to 3 years | ||||
Marketable debt securities | ||||
Financial liabilities | 130 | |||
Notional amount | 129 | |||
Marketable debt securities | Subordinated liabilities | 3 to 5 years | ||||
Marketable debt securities | ||||
Financial liabilities | 1,313 | |||
Notional amount | 1,299 | |||
Marketable debt securities | Subordinated liabilities | More than five years | ||||
Marketable debt securities | ||||
Financial liabilities | 19,435 | |||
Notional amount | 19,221 | |||
Marketable debt securities | Senior unsecured debt | ||||
Marketable debt securities | ||||
Financial liabilities | 118,300 | |||
Notional amount | 115,584 | |||
Marketable debt securities | Senior unsecured debt | On demand | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Senior unsecured debt | 1 month | ||||
Marketable debt securities | ||||
Financial liabilities | 3 | |||
Notional amount | 3,056 | |||
Marketable debt securities | Senior unsecured debt | 1 to 3 months | ||||
Marketable debt securities | ||||
Financial liabilities | 10 | |||
Notional amount | 9,286 | |||
Marketable debt securities | Senior unsecured debt | 3 to 12 months | ||||
Marketable debt securities | ||||
Financial liabilities | 18,923 | |||
Notional amount | 18,489 | |||
Marketable debt securities | Senior unsecured debt | 1 to 3 years | ||||
Marketable debt securities | ||||
Financial liabilities | 33,263 | |||
Notional amount | 32,499 | |||
Marketable debt securities | Senior unsecured debt | 3 to 5 years | ||||
Marketable debt securities | ||||
Financial liabilities | 31,199 | |||
Notional amount | 30,483 | |||
Marketable debt securities | Senior unsecured debt | More than five years | ||||
Marketable debt securities | ||||
Financial liabilities | 22,283 | |||
Notional amount | 21,771 | |||
Marketable debt securities | Senior secured debt | ||||
Marketable debt securities | ||||
Financial liabilities | 90,155 | |||
Notional amount | 89,938 | |||
Marketable debt securities | Senior secured debt | On demand | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Senior secured debt | 1 month | ||||
Marketable debt securities | ||||
Financial liabilities | 8 | |||
Notional amount | 8,152 | |||
Marketable debt securities | Senior secured debt | 1 to 3 months | ||||
Marketable debt securities | ||||
Financial liabilities | 2 | |||
Notional amount | 1,934 | |||
Marketable debt securities | Senior secured debt | 3 to 12 months | ||||
Marketable debt securities | ||||
Financial liabilities | 13,333 | |||
Notional amount | 13,301 | |||
Marketable debt securities | Senior secured debt | 1 to 3 years | ||||
Marketable debt securities | ||||
Financial liabilities | 33,106 | |||
Notional amount | 33,026 | |||
Marketable debt securities | Senior secured debt | 3 to 5 years | ||||
Marketable debt securities | ||||
Financial liabilities | 14,743 | |||
Notional amount | 14,707 | |||
Marketable debt securities | Senior secured debt | More than five years | ||||
Marketable debt securities | ||||
Financial liabilities | 18,863 | |||
Notional amount | 18,818 | |||
Marketable debt securities | Notes and other securities | ||||
Marketable debt securities | ||||
Financial liabilities | 32,644 | € 27,445 | € 19,865 | |
Notional amount | 33,414 | |||
Marketable debt securities | Notes and other securities | On demand | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Notes and other securities | 1 month | ||||
Marketable debt securities | ||||
Financial liabilities | 5 | |||
Notional amount | 5,058 | |||
Marketable debt securities | Notes and other securities | 1 to 3 months | ||||
Marketable debt securities | ||||
Financial liabilities | 11 | |||
Notional amount | 11,725 | |||
Marketable debt securities | Notes and other securities | 3 to 12 months | ||||
Marketable debt securities | ||||
Financial liabilities | 16,248 | |||
Notional amount | 16,631 | |||
Marketable debt securities | Notes and other securities | 1 to 3 years | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Notes and other securities | 3 to 5 years | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | 0 | |||
Marketable debt securities | Notes and other securities | More than five years | ||||
Marketable debt securities | ||||
Financial liabilities | 0 | |||
Notional amount | € 0 |
Marketable debt securities - _2
Marketable debt securities - Bonds and Debentures by Currency (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Marketable debt securities | ||||
Outstanding issue amount in foreign currency | € 362,464 | € 318,807 | ||
EUR | ||||
Marketable debt securities | ||||
Financial liabilities | 79,008 | 97,323 | € 119,606 | |
USD | ||||
Marketable debt securities | ||||
Financial liabilities | 53,403 | 45,848 | 33,259 | |
GBP | ||||
Marketable debt securities | ||||
Financial liabilities | 18,129 | 19,301 | 14,820 | |
BRL | ||||
Marketable debt securities | ||||
Financial liabilities | 13,022 | 18,657 | 16,485 | |
Other currencies | ||||
Marketable debt securities | ||||
Financial liabilities | 11,601 | 6,780 | 6,144 | |
Marketable debt securities | ||||
Marketable debt securities | ||||
Financial liabilities | 261,977 | 246,619 | 217,966 | |
Marketable debt securities | Bonds and debentures | ||||
Marketable debt securities | ||||
Financial liabilities | 208,455 | 195,498 | 176,719 | € 183,278 |
Marketable debt securities | Bonds and debentures | EUR | ||||
Marketable debt securities | ||||
Financial liabilities | 89,008 | 85,479 | 83,321 | |
Outstanding issue amount in foreign currency | € 89,008 | |||
Annual interest rate (as a percent) | 1.13% | |||
Marketable debt securities | Bonds and debentures | USD | ||||
Marketable debt securities | ||||
Financial liabilities | € 64,952 | 62,021 | 48,688 | |
Outstanding issue amount in foreign currency | € 72,967 | |||
Annual interest rate (as a percent) | 3.01% | |||
Marketable debt securities | Bonds and debentures | GBP | ||||
Marketable debt securities | ||||
Financial liabilities | € 20,178 | 16,616 | 13,279 | |
Outstanding issue amount in foreign currency | € 17,167 | |||
Annual interest rate (as a percent) | 2.15% | |||
Marketable debt securities | Bonds and debentures | BRL | ||||
Marketable debt securities | ||||
Financial liabilities | € 15,292 | 15,778 | 17,309 | |
Outstanding issue amount in foreign currency | € 69,054 | |||
Annual interest rate (as a percent) | 4.94% | |||
Marketable debt securities | Bonds and debentures | Chilean peso | ||||
Marketable debt securities | ||||
Financial liabilities | € 6,848 | 6,460 | 5,876 | |
Outstanding issue amount in foreign currency | € 5,791,169 | |||
Annual interest rate (as a percent) | 4.48% | |||
Marketable debt securities | Bonds and debentures | Other currencies | ||||
Marketable debt securities | ||||
Financial liabilities | € 12,177 | € 9,144 | € 8,246 |
Marketable debt securities - Ch
Marketable debt securities - Changes in Bonds and Debentures (Details) - Marketable debt securities - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | € 246,619 | € 217,966 | |
Balance at year-end | 261,977 | 246,619 | € 217,966 |
Bonds and debentures | |||
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | 195,498 | 176,719 | 183,278 |
Net inclusion of entities in the Group | 0 | 0 | 11,426 |
Issues | 64,184 | 68,306 | 62,260 |
Repurchases or redemptions | (52,462) | (48,319) | (66,871) |
Exchange differences and other movements | 1,235 | (1,208) | (13,374) |
Balance at year-end | 208,455 | 195,498 | 176,719 |
Bonds and debentures | Banco Popular Espanol, S.A. | |||
Changes in financial instruments, Liabilities | |||
Net inclusion of entities in the Group | 0 | 0 | 11,426 |
Bonds and debentures | Santander Consumer USA Holdings Inc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 15,631 | 15,627 | 11,242 |
Repurchases or redemptions | (14,517) | (11,939) | (10,264) |
Bonds and debentures | Banco Santander (Brasil) S.A | |||
Changes in financial instruments, Liabilities | |||
Issues | 13,227 | 16,422 | 16,732 |
Repurchases or redemptions | (12,817) | (14,802) | (23,187) |
Bonds and debentures | Banco Santander S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 12,066 | 7,683 | 10,712 |
Bonds and debentures | Santander Consumer Finance, S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 5,150 | 3,605 | 2,508 |
Repurchases or redemptions | (2,550) | (2,366) | (1,618) |
Bonds and debentures | Grupo Santander UK | |||
Changes in financial instruments, Liabilities | |||
Issues | 4,547 | 14,984 | 7,625 |
Repurchases or redemptions | (9,115) | (6,800) | (13,303) |
Bonds and debentures | Santander Holding USA, Inc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 2,778 | 1,210 | 4,133 |
Repurchases or redemptions | (1,990) | (903) | (759) |
Bonds and debentures | Banco Santander - Chile | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,644 | 1,483 | 579 |
Repurchases or redemptions | (848) | (204) | (1,442) |
Bonds and debentures | Santander Consumer Bank A.S. | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,572 | 1,342 | 1,117 |
Repurchases or redemptions | (1,551) | (1,268) | (337) |
Bonds and debentures | PSA Banque France | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,132 | 716 | 1,032 |
Bonds and debentures | PSA Bank Deutschland GmbH | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,104 | 600 | 13 |
Repurchases or redemptions | (902) | (488) | (23) |
Bonds and debentures | Santander International Products, Plc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 848 | 249 | 588 |
Repurchases or redemptions | (722) | (491) | (310) |
Bonds and debentures | SCF Rahoituspalvelut VIII DAC | |||
Changes in financial instruments, Liabilities | |||
Issues | 799 | 0 | 0 |
Bonds and debentures | Santander Consumer Bank AG | |||
Changes in financial instruments, Liabilities | |||
Issues | 750 | 0 | 749 |
Bonds and debentures | Santander Consumer Bank S.p.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 589 | 0 | 151 |
Bonds and debentures | Santander Mexico | |||
Changes in financial instruments, Liabilities | |||
Issues | 577 | 560 | 118 |
Repurchases or redemptions | (159) | (579) | (224) |
Bonds and debentures | Banco Santander Totta SA | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 0 | 1,999 |
Repurchases or redemptions | (739) | (41) | (998) |
Bonds and debentures | SCF Rahoituspalvelut KIMI VI DAC | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 0 | 635 |
Bonds and debentures | Santander Bank, National Association | |||
Changes in financial instruments, Liabilities | |||
Repurchases or redemptions | 0 | 0 | (886) |
Bonds and debentures | Banca PSA Italia S.P.A. | |||
Changes in financial instruments, Liabilities | |||
Repurchases or redemptions | 0 | (600) | 0 |
Banco Santander S.A. | Bonds and debentures | |||
Changes in financial instruments, Liabilities | |||
Repurchases or redemptions | € (3,303) | € (4,752) | € (9,956) |
Marketable debt securities - Gu
Marketable debt securities - Guarantees and Spanish mortgage-market issues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Covered bonds | |||
Guarantees | |||
Other asset - backed securities personal loans average maturities | 5 years | ||
Other asset - backed securities SME's average maturities | 7 years | ||
Covered bonds | Minimum | |||
Guarantees | |||
Mortgage-backed securities average maturities | 10 years | ||
Mortgage-backed bonds average maturities | 10 years | ||
Covered bonds | Maximum | |||
Guarantees | |||
Mortgage-backed securities loan-to-value ratio (as a percent) | 80.00% | ||
Mortgage-backed bonds loan-to-value ratio for home loans (as a percent) | 80.00% | ||
Mortgage-backed bonds loan-to-value ratio for other assets loans (as a percent) | 60.00% | ||
Marketable debt securities | |||
Guarantees | |||
Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding | € 84,720 | € 85,610 | € 91,094 |
Loans eligible to cover issues of mortgage-backed securities | 59,517 | 60,195 | 59,422 |
Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitized mortgage assets | 14,569 | 15,807 | 18,202 |
Marketable debt securities | Covered bonds | |||
Guarantees | |||
Liabilities secured by asset-backed securities | 38,616 | 38,140 | 32,505 |
Liabilities secured by mortgage-backed securities | 3,819 | 5,197 | 4,034 |
Liabilities secured by other mortgage securities | 50,269 | 46,026 | 52,497 |
Liabilities secured by mortgage-backed bonds | 24,736 | 22,023 | 23,907 |
Liabilities secured by territorial covered bond | 1,270 | 1,270 | 1,270 |
Liabilities secured by financial assets | € 90,155 | € 85,436 | € 86,272 |
Marketable debt securities - Mo
Marketable debt securities - Mortgage-backed bonds (Details) - Marketable debt securities - Covered bonds - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Guarantees | |||
Mortgage-backed bonds | € 24,736 | € 22,023 | € 23,907 |
Santander Consumer Finance, S.A. | |||
Guarantees | |||
Mortgage-backed bonds | 450 | ||
Banco Santander S.A. | |||
Guarantees | |||
Mortgage-backed bonds | € 24,286 |
Subordinated liabilities - Brea
Subordinated liabilities - Breakdown (Details) - FINANCIAL LIABILITIES AT AMORTISED COST € in Millions, £ in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | € 21,062 | € 23,820 | [1] | € 21,510 | ||
EUR | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | 12,542 | 14,001 | 11,240 | |||
Annual interest rate (as percent) | 4.15% | |||||
USD | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | $ 7,309 | 6,506 | 7,813 | 8,008 | ||
Annual interest rate (as percent) | 5.80% | |||||
GBP | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | 655 | £ 557 | 628 | 874 | ||
Annual interest rate (as percent) | 8.91% | |||||
BRL | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | 0 | 0 | 131 | |||
Other currencies | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | 1,359 | 1,378 | 1,257 | |||
Preference Shares | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | 321 | 345 | 404 | |||
Preferred Securities | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Outstanding issue amount | € 7,709 | € 9,717 | € 8,369 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Subordinated liabilities - Chan
Subordinated liabilities - Changes (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
FINANCIAL LIABILITIES AT AMORTISED COST | |||||
Financial instruments | |||||
Net inclusion of entities in the Group | € 0 | € 0 | € 11 | ||
Placements | 1,056 | 3,266 | 2,916 | ||
Redemptions and repurchases | (4,009) | (1,259) | (870) | ||
Exchange differences and other movements | 155 | 287 | (548) | ||
Balance at end of year | 21,062 | 23,820 | [1] | 21,510 | |
Net issuances, redemptions and repurchases | 2,953 | ||||
Interest paid in remuneration of issuances | 1,091 | ||||
FINANCIAL LIABILITIES AT AMORTISED COST | Santander Mexico | |||||
Financial instruments | |||||
Placements | 0 | 281 | 0 | ||
Redemptions and repurchases | (69) | (125) | 0 | ||
FINANCIAL LIABILITIES AT AMORTISED COST | Santander Bank Polska SA | |||||
Financial instruments | |||||
Placements | 0 | 235 | 0 | ||
FINANCIAL LIABILITIES AT AMORTISED COST | Banco Santander (Brasil) S.A | |||||
Financial instruments | |||||
Redemptions and repurchases | (124) | (61) | 0 | ||
FINANCIAL LIABILITIES AT AMORTISED COST | Santander Bank, National Association | |||||
Financial instruments | |||||
Redemptions and repurchases | (19) | (163) | (285) | ||
FINANCIAL LIABILITIES AT AMORTISED COST | Santander UK plc | |||||
Financial instruments | |||||
Redemptions and repurchases | (16) | (313) | (60) | ||
FINANCIAL LIABILITIES AT AMORTISED COST | Santander Holding USA, Inc. | |||||
Financial instruments | |||||
Redemptions and repurchases | 0 | (195) | (72) | ||
Banco Santander S.A. | FINANCIAL LIABILITIES AT AMORTISED COST | |||||
Financial instruments | |||||
Net inclusion of entities in the Group | 0 | 0 | 11 | ||
Placements | 1,056 | 2,750 | 2,894 | ||
Redemptions and repurchases | (3,782) | (401) | (453) | ||
Subordinated liabilities | FINANCIAL LIABILITIES AT AMORTISED COST | |||||
Financial instruments | |||||
Balance at end of year | 8,030 | 10,063 | 8,773 | ||
Marketable debt securities | |||||
Financial instruments | |||||
Financial liabilities | 261,977 | 246,619 | 217,966 | ||
Marketable debt securities | Subordinated liabilities | |||||
Financial instruments | |||||
Financial liabilities | € 20,878 | € 23,676 | € 21,382 | € 19,873 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Subordinated liabilities - Othe
Subordinated liabilities - Other disclosures (Details) € in Thousands, $ in Millions | Apr. 20, 2018USD ($) | Mar. 19, 2018USD ($) | Feb. 02, 2018 | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2014item | Jan. 09, 2020EUR (€) | Apr. 30, 2019EUR (€) | Dec. 31, 2018EUR (€) | Oct. 31, 2018USD ($) | Feb. 08, 2018USD ($) | Feb. 08, 2018EUR (€) | Sep. 29, 2017EUR (€) | Apr. 25, 2017EUR (€) | Dec. 30, 2016USD ($) | Sep. 02, 2014EUR (€) | May 08, 2014USD ($) | Mar. 05, 2014EUR (€) | Jan. 29, 2014USD ($) |
Financial instruments | ||||||||||||||||||||
Number of issuance of convertible preference shares | item | 3 | |||||||||||||||||||
Notional amount | € 362,464,000 | € 318,807,000 | ||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | |||||||||||||||||||
Issuance by Banco Santander S.A. in March 2014 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | € 1,500,000 | € 1,500,000 | ||||||||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | ||||||||||||||||||
Initial interest rate term | 5 years | 5 years | ||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.10% | 4.999% | 5.41% | |||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | 5-year Mid-Swap Rate | ||||||||||||||||||
Issuance by Banco Santander S.A. in May 2014 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | $ | $ 1,500 | |||||||||||||||||||
Interest rate (as a percent) | 6.375% | |||||||||||||||||||
Initial interest rate term | 5 years | |||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.788% | |||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | |||||||||||||||||||
Issuance by Banco Santander S.A. in September 2014 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | € 1,500,000 | |||||||||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | ||||||||||||||||||
Initial interest rate term | 7 years | 7 years | ||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 5.64% | |||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | 5-year Mid-Swap Rate | ||||||||||||||||||
Issuance by Banco Santander S.A. in April 2019 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Outstanding issue amount | € 1,345,000 | |||||||||||||||||||
Issuance of CCPS by Banco Santander S.A. in February 2018 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | ||||||||||||||||||
Initial interest rate term | 7 years | |||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.989% | 4.989% | ||||||||||||||||||
Outstanding issue amount | $ 1,200 | € 1,056,000 | ||||||||||||||||||
Issuance by Banco Santander S.A. in February 2018 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Interest rate (as a percent) | 2.125% | 2.125% | ||||||||||||||||||
Outstanding issue amount | € 1,250,000 | |||||||||||||||||||
Issuance by Banco Santander S.A. in March 2018 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Interest rate (as a percent) | 4.75% | |||||||||||||||||||
Initial interest rate term | 7 years | 7 years | ||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | |||||||||||||||||||
Outstanding issue amount | $ | $ 1,500 | |||||||||||||||||||
Issuance by Banco Santander S.A. in April 2017 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | € 750,000 | |||||||||||||||||||
Interest rate (as a percent) | 6.75% | |||||||||||||||||||
Initial interest rate term | 5 years | 5 years | ||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 6.803% | |||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | |||||||||||||||||||
Issuance by Banco Santander S.A. in September 2017 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | € 1,000,000 | |||||||||||||||||||
Interest rate (as a percent) | 5.25% | |||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | |||||||||||||||||||
Issuance by Banco Santander Mexico S.A. in October 2018 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Interest rate (as a percent) | 5.95% | |||||||||||||||||||
Outstanding issue amount | $ | $ 1,300 | |||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 75.00% | |||||||||||||||||||
Issuance by Santander Bank Polska S.A. in April 2018 | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 1.60% | |||||||||||||||||||
Outstanding issue amount | $ | $ 1,000 | |||||||||||||||||||
Tier 1 Perpetual Subordinated Notes | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Common Equity Tier 1 Ratio (CET1) maximum threshold percentage for conversion of the subordinated issue | 5.125% | |||||||||||||||||||
Tier 1 Perpetual Subordinated Notes | Banco Santander (Brasil) S.A | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | $ | $ 1,248 | |||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 89.60% | |||||||||||||||||||
Perpetual Subordinated Notes | Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Notional amount | $ | $ 500 | |||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 88.20% | |||||||||||||||||||
Common Equity Tier 1 Ratio (CET1) maximum threshold percentage for conversion of the subordinated issue | 5.125% | |||||||||||||||||||
Subordinated liabilities | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Accrued interest | € 645,000 | $ 770 | $ 966 | |||||||||||||||||
Increase in accrued interest | € 595,000 | $ 560 | $ 395 |
Other financial liabilities (De
Other financial liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Other Financial Liabilities [Abstract] | ||||
Trade payables | € 1,279 | € 1,323 | € 1,559 | |
Clearing houses | 165 | 434 | 767 | |
Tax collection accounts: Public Institutions | 4,122 | 3,968 | 3,212 | |
Factoring accounts payable | 409 | 263 | 290 | |
Unsettled financial transactions | 3,693 | 3,373 | 6,375 | |
Lease liabilities | 5,108 | € 7,180 | 190 | 202 |
Other financial liabilities | 15,459 | 15,113 | 16,023 | |
Other financial liabilities, total | € 30,235 | € 24,664 | € 28,428 |
Other financial liabilities Oth
Other financial liabilities Other financial liabilities - Lease Liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||||
Cash outflow of leases | € 946 | |||
Lease liabilities | 5,108 | € 7,180 | € 190 | € 202 |
Within one year | ||||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||||
Lease liabilities | 766 | |||
Between 1 and 3 years | ||||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||||
Lease liabilities | 1,254 | |||
Between 3 and 5 years | ||||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||||
Lease liabilities | 875 | |||
Later than 5 years | ||||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||||
Lease liabilities | € 2,213 |
Provisions - Summary (Details)
Provisions - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | [1] | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | € 13,987 | € 13,225 | € 14,686 | € 14,489 | € 14,459 | |
Provision for pensions and other employment defined benefit obligations | ||||||
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | 6,358 | 5,558 | 6,345 | 6,345 | 6,576 | |
Provision for other long term employee benefits | ||||||
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | 1,382 | 1,239 | 1,686 | 1,686 | 1,712 | |
Provision for taxes and other legal contingencies | ||||||
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | 3,057 | 3,174 | 3,181 | |||
Provision for contingent liabilities and commitments | ||||||
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | 739 | 779 | € 814 | 617 | € 459 | |
Other provisions member | ||||||
Disclosure of provision matrix [line items] | ||||||
PROVISIONS | € 2,451 | € 2,475 | € 2,660 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Changes (Details)
Provisions - Changes (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Disclosure of provision matrix [line items] | |||||
Balances at beginning of year | € 13,225 | [1] | € 14,489 | € 14,459 | |
Net inclusion of entities in the Group | (1) | (30) | 1,754 | ||
Additions charged to income | 3,707 | 2,493 | 3,344 | ||
Provision for pension interest expense | 145 | 186 | 198 | ||
Staff costs | 72 | 84 | 88 | ||
Extraordinary provisions | 3,490 | 2,223 | 3,058 | ||
Addition | 5,421 | 5,301 | 4,727 | ||
Release | (1,931) | (3,078) | (1,669) | ||
Other additions arising from insurance contracts linked to pensions | 4 | (7) | (7) | ||
Changes in value recognized in equity | 1,520 | (482) | 369 | ||
Payments to pensioners and pre-retirees with a charge to internal provisions | (943) | (957) | (853) | ||
Benefits paid or payable | 0 | 0 | (260) | ||
Insurance premiums paid | (1) | (2) | 0 | ||
Payments to external funds | (455) | (368) | (273) | ||
Amounts used | (2,907) | (2,551) | (3,000) | ||
Transfer, exchange differences and other changes | (162) | 443 | (1,044) | ||
Balances at end of year | 13,987 | 13,225 | [1] | 14,489 | |
Provision for pensions and other employment defined benefit obligations | |||||
Disclosure of provision matrix [line items] | |||||
Balances at beginning of year | 5,558 | [1] | 6,345 | 6,576 | |
Net inclusion of entities in the Group | 0 | 0 | 59 | ||
Additions charged to income | 173 | 38 | 237 | ||
Provision for pension interest expense | 128 | 165 | 175 | ||
Staff costs | 65 | 78 | 82 | ||
Extraordinary provisions | (20) | (205) | (20) | ||
Addition | 10 | 7 | 2 | ||
Release | (30) | (212) | (22) | ||
Other additions arising from insurance contracts linked to pensions | 4 | (7) | (7) | ||
Changes in value recognized in equity | 1,520 | (482) | 369 | ||
Payments to pensioners and pre-retirees with a charge to internal provisions | (331) | (332) | (355) | ||
Benefits paid or payable | 0 | 0 | (260) | ||
Insurance premiums paid | (1) | (2) | 0 | ||
Payments to external funds | (455) | (368) | (273) | ||
Amounts used | 0 | 0 | 0 | ||
Transfer, exchange differences and other changes | (110) | 366 | (1) | ||
Balances at end of year | 6,358 | 5,558 | [1] | 6,345 | |
Provision for other long term employee benefits | |||||
Disclosure of provision matrix [line items] | |||||
Balances at beginning of year | 1,239 | [1] | 1,686 | 1,712 | |
Net inclusion of entities in the Group | (1) | 0 | 184 | ||
Additions charged to income | 729 | 251 | 293 | ||
Provision for pension interest expense | 17 | 21 | 23 | ||
Staff costs | 7 | 6 | 6 | ||
Extraordinary provisions | 705 | 224 | 264 | ||
Addition | 713 | 227 | 264 | ||
Release | (8) | (3) | 0 | ||
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 | ||
Changes in value recognized in equity | 0 | 0 | 0 | ||
Payments to pensioners and pre-retirees with a charge to internal provisions | (612) | (625) | (498) | ||
Benefits paid or payable | 0 | 0 | 0 | ||
Insurance premiums paid | 0 | 0 | 0 | ||
Payments to external funds | 0 | 0 | 0 | ||
Amounts used | 0 | 0 | 0 | ||
Transfer, exchange differences and other changes | 27 | (73) | (5) | ||
Balances at end of year | 1,382 | 1,239 | [1] | 1,686 | |
Provision for contingent liabilities and commitments | |||||
Disclosure of provision matrix [line items] | |||||
Balances at beginning of year | 779 | [1] | 617 | 459 | |
Net inclusion of entities in the Group | 0 | 0 | 146 | ||
Additions charged to income | (31) | (49) | (49) | ||
Provision for pension interest expense | 0 | 0 | 0 | ||
Staff costs | 0 | 0 | 0 | ||
Extraordinary provisions | (31) | (49) | (49) | ||
Addition | 422 | 455 | 606 | ||
Release | (453) | (504) | (655) | ||
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 | ||
Changes in value recognized in equity | 0 | 0 | 0 | ||
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 | ||
Benefits paid or payable | 0 | 0 | 0 | ||
Insurance premiums paid | 0 | 0 | 0 | ||
Payments to external funds | 0 | 0 | 0 | ||
Amounts used | 0 | (3) | (3) | ||
Transfer, exchange differences and other changes | (9) | 17 | 64 | ||
Balances at end of year | 739 | 779 | [1] | 617 | |
Other combined provisions | |||||
Disclosure of provision matrix [line items] | |||||
Balances at beginning of year | 5,649 | 5,841 | 5,712 | ||
Net inclusion of entities in the Group | 0 | (30) | 1,365 | ||
Additions charged to income | 2,836 | 2,253 | 2,863 | ||
Provision for pension interest expense | 0 | 0 | 0 | ||
Staff costs | 0 | 0 | 0 | ||
Extraordinary provisions | 2,836 | 2,253 | 2,863 | ||
Addition | 4,276 | 4,612 | 3,855 | ||
Release | (1,440) | (2,359) | (992) | ||
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 | ||
Changes in value recognized in equity | 0 | 0 | 0 | ||
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 | ||
Benefits paid or payable | 0 | 0 | 0 | ||
Insurance premiums paid | 0 | 0 | 0 | ||
Payments to external funds | 0 | 0 | 0 | ||
Amounts used | (2,907) | (2,548) | (2,997) | ||
Transfer, exchange differences and other changes | (70) | 133 | (1,102) | ||
Balances at end of year | € 5,508 | € 5,649 | € 5,841 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Pensions and Simil
Provisions - Pensions and Similar Obligations (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of provision matrix [line items] | ||||||
Provisions | € 13,987 | € 13,225 | [1] | € 14,686 | € 14,489 | € 14,459 |
Provisions for defined benefits | 7,731 | 6,791 | 8,026 | |||
SPAIN | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions for pre-retirements | 1,303 | 1,172 | 1,630 | |||
Provisions For Pensions And Similar Obligations Member | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 7,740 | 6,797 | 8,031 | |||
Provision for pensions and other employment defined benefit obligations | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 6,358 | 5,558 | [1] | 6,345 | 6,345 | 6,576 |
Provision for pensions and other employment defined benefit obligations | SPAIN | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 3,951 | 3,930 | 4,274 | |||
Provision for pensions and other employment defined benefit obligations | UK | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 329 | 130 | 323 | |||
Provision for pensions and other employment defined benefit obligations | Other Foreign Countries | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 2,078 | 1,498 | 1,748 | |||
Provision for other long term employee benefits | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,382 | 1,239 | [1] | € 1,686 | 1,686 | € 1,712 |
Provision for other long term employee benefits | SPAIN | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,321 | 1,189 | 1,643 | |||
Provision for other long term employee benefits | Other Foreign Countries | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | € 61 | € 50 | € 43 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Spanish entities -
Provisions - Spanish entities - Post employment plans and other similar obligations (Details) € in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2019EUR (€)employee | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Employee Benefits | |||||
Number of employees accepted the pre-retirement and voluntary redundancy offers | employee | 3,571 | ||||
Provisions recognized to cover expenses of pre-retirement and voluntary redundancy offers | € 688 | $ 209 | $ 248 | ||
Contributions to defined contribution pension funds | € | € 292 | € 287 | € 271 | ||
Discount rate actuarial assumptions | |||||
Sensitivity analysis for actuarial assumptions | |||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (9.08%) | ||||
SPAIN | |||||
Employee Benefits | |||||
Contributions to defined contribution pension funds | € 89 | $ 87 | $ 90 | ||
Actuarial assumptions | |||||
Annual discount rate | 0.80% | 1.55% | 1.55% | ||
SPAIN | Discount rate actuarial assumptions | |||||
Sensitivity analysis for actuarial assumptions | |||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||||
Provision for pensions and other employment defined benefit obligations | SPAIN | |||||
Actuarial assumptions | |||||
Annual discount rate | 0.80% | 1.55% | 1.55% | ||
Mortality tables | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 |
Cumulative annual CPI growth | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Annual pension increase rate | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Sensitivity analysis for actuarial assumptions | |||||
Expected rate of return on plan assets | 0.80% | 1.55% | 1.55% | 1.40% | 1.40% |
Expected rate of return on reimbursement rights | 0.80% | 1.55% | 1.55% | 1.40% | 1.40% |
Provision for pensions and other employment defined benefit obligations | SPAIN | Minimum | |||||
Actuarial assumptions | |||||
Annual discount rate | 1.38% | 1.38% | |||
Annual salary increase rate | 1.25% | 1.25% | |||
Provision for pensions and other employment defined benefit obligations | SPAIN | Maximum | |||||
Actuarial assumptions | |||||
Annual discount rate | 1.40% | 1.40% | |||
Annual salary increase rate | 1.75% | 1.75% | |||
Provision for pensions and other employment defined benefit obligations | SPAIN | Discount rate actuarial assumptions | |||||
Sensitivity analysis for actuarial assumptions | |||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 5.50% | ||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (5.02%) | ||||
Provision for other long term employee benefits | SPAIN | |||||
Actuarial assumptions | |||||
Annual discount rate | 0.80% | 1.55% | 1.55% | 1.40% | 1.40% |
Mortality tables | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 | PERM/F-2000 |
Cumulative annual CPI growth | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Annual benefit increase rate | 0.00% | ||||
Sensitivity analysis for actuarial assumptions | |||||
Expected rate of return on plan assets | 0.80% | 1.55% | 1.55% | 1.40% | 1.40% |
Provision for other long term employee benefits | SPAIN | Minimum | |||||
Actuarial assumptions | |||||
Annual benefit increase rate | 0.00% | 0.00% | 0.00% | 0.00% | |
Provision for other long term employee benefits | SPAIN | Maximum | |||||
Actuarial assumptions | |||||
Annual benefit increase rate | 1.50% | 1.50% | 1.50% | 1.50% | |
Provision for other long term employee benefits | SPAIN | Discount rate actuarial assumptions | |||||
Sensitivity analysis for actuarial assumptions | |||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 1.14% | ||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (1.11%) | (1.11%) | |||
Banco Popular Espanol, S.A. | Provision for pensions and other employment defined benefit obligations | SPAIN | |||||
Actuarial assumptions | |||||
Annual salary increase rate | 1.25% | 2.00% | 2.00% |
Provisions - Spanish Entities_2
Provisions - Spanish Entities - Funding Status (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Total defined benefit expenses recognized in the consolidated income statements | € 72 | € 84 | € 88 | |||
Actuarial gains and losses on defined benefit pension plans | 1,677 | (618) | [1] | 157 | ||
Post-Employment Plans | ||||||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
To current employees | 59 | 60 | 138 | € 50 | € 48 | |
Vested obligations to retired employees | 5,393 | 5,332 | 5,662 | 4,423 | 4,551 | |
To pre-retirees | 0 | 0 | 0 | 0 | 0 | |
Long-service bonuses and other benefits | 0 | 0 | 0 | 0 | 0 | |
Other | 42 | 35 | 112 | 383 | 380 | |
Present value of the obligations | 5,494 | 5,427 | 5,912 | 4,856 | 4,979 | |
Fair value of plan assets | 1,547 | 1,500 | 1,640 | 157 | 157 | |
Provisions - Provisions for pensions | 3,947 | 3,927 | 4,272 | 4,699 | 4,822 | |
Internal provisions for pensions | 3,759 | 3,720 | 4,036 | 4,432 | 4,524 | |
Insurance contracts linked to pensions | 192 | 210 | 238 | 269 | 299 | |
Unrecognized net assets for pensions | (4) | (3) | (2) | (2) | (1) | |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Current service cost | 12 | 18 | 16 | |||
Interest cost | 53 | 73 | 79 | |||
Expected return on insurance contracts linked to pensions | (2) | (4) | (4) | |||
Actuarial (gains)/losses recognized in the year | 0 | 0 | 0 | |||
Past service cost | 3 | 3 | 0 | |||
Pre-retirement cost | 1 | 1 | 0 | |||
Other | (29) | (4) | (2) | |||
Total defined benefit expenses recognized in the consolidated income statements | 38 | 87 | 89 | |||
Other similar obligations | ||||||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
To current employees | 0 | 0 | 0 | 0 | 0 | |
Vested obligations to retired employees | 0 | 0 | 0 | 0 | 0 | |
To pre-retirees | 1,317 | 1,187 | 1,647 | 1,644 | 1,801 | |
Long-service bonuses and other benefits | 18 | 17 | 13 | 13 | 12 | |
Other | 0 | 0 | 0 | 0 | 0 | |
Present value of the obligations | 1,335 | 1,204 | 1,660 | 1,657 | 1,813 | |
Fair value of plan assets | 14 | 15 | 17 | 0 | 0 | |
Provisions - Provisions for pensions | 1,321 | 1,189 | 1,643 | 1,657 | 1,813 | |
Internal provisions for pensions | 1,321 | 1,189 | 1,642 | 1,657 | 1,813 | |
Insurance contracts linked to pensions | 0 | 0 | 1 | 0 | 0 | |
Unrecognized net assets for pensions | 0 | 0 | 0 | € 0 | € 0 | |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Current service cost | 1 | 1 | 1 | |||
Interest cost | 15 | 18 | 21 | |||
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 | |||
Actuarial (gains)/losses recognized in the year | 7 | 7 | 13 | |||
Past service cost | 1 | 5 | 0 | |||
Pre-retirement cost | 687 | 208 | 248 | |||
Other | (2) | 0 | 0 | |||
Total defined benefit expenses recognized in the consolidated income statements | 709 | 239 | 283 | |||
SPAIN | ||||||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Actuarial gains and losses on defined benefit pension plans | € 278 | € (65) | € (41) | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Spanish Entities_3
Provisions - Spanish Entities - Present Value of Obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset) | € (1,677) | ||
Post-Employment Plans | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 5,427 | € 5,912 | € 4,856 |
Net inclusion of entities in the Group | 0 | (36) | 1,563 |
Current service cost | 12 | 18 | 16 |
Interest cost | 72 | 99 | 94 |
Pre-retirement cost | 1 | 1 | 0 |
Effect of curtailment/settlement | (29) | (4) | (2) |
Benefits paid | (400) | (423) | (388) |
Benefits paid due to settlements | 0 | 0 | (260) |
Past service cost | 3 | 3 | 0 |
Actuarial (gains)/losses | 407 | (145) | 57 |
Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset) | 15 | (21) | (7) |
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset) | 392 | (124) | 64 |
Exchange differences and other items | 1 | 2 | (24) |
Net defined benefit liability (asset) at end of period | 5,494 | 5,427 | 5,912 |
Other similar obligations | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 1,204 | 1,660 | 1,657 |
Net inclusion of entities in the Group | (1) | 0 | 202 |
Current service cost | 1 | 1 | 1 |
Interest cost | 15 | 18 | 21 |
Pre-retirement cost | 687 | 208 | 248 |
Effect of curtailment/settlement | (2) | 0 | 0 |
Benefits paid | (599) | (617) | (490) |
Benefits paid due to settlements | 0 | 0 | 0 |
Past service cost | 1 | 5 | 0 |
Actuarial (gains)/losses | 7 | 6 | 13 |
Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset) | (9) | (3) | 10 |
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset) | 16 | 9 | 3 |
Exchange differences and other items | 22 | (77) | 8 |
Net defined benefit liability (asset) at end of period | 1,335 | 1,204 | 1,660 |
Other Foreign Countries | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 9,116 | 9,534 | 9,876 |
Net inclusion of entities in the Group | 0 | 36 | 165 |
Current service cost | 32 | 34 | 35 |
Interest cost | 651 | 646 | 807 |
Pre-retirement cost | 0 | (6) | 0 |
Effect of curtailment/settlement | (1) | (199) | (19) |
Benefits paid | (666) | (634) | (716) |
Benefits paid due to settlements | 0 | 0 | (24) |
Past service cost | 6 | 3 | 3 |
Actuarial (gains)/losses | 1,652 | 390 | 404 |
Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset) | 3 | (59) | (140) |
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset) | 1,649 | 449 | 544 |
Exchange differences and other items | (78) | (693) | (1,003) |
Net defined benefit liability (asset) at end of period | 10,717 | € 9,116 | € 9,534 |
SPAIN | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset) | € 278 |
Provisions - Spanish Entities_4
Provisions - Spanish Entities - Fair Value Of Plan Assets And Insurance Contracts Linked To Pensions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Post-Employment Plans | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | € 210 | € 238 | € 269 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 2 | 4 | 4 |
Benefits paid | (24) | (27) | (29) |
Paid premiums | 0 | 2 | 1 |
Actuarial gains/ (losses) | 4 | (7) | (7) |
Fair value of insurance contracts linked to pensions at end of year | 192 | 210 | 238 |
Other similar obligations | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | 0 | 1 | 0 |
Incorporation of Group companies, net | 0 | 0 | 2 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Benefits paid | 0 | (1) | (1) |
Paid premiums | 0 | 0 | 0 |
Actuarial gains/ (losses) | 0 | 0 | 0 |
Fair value of insurance contracts linked to pensions at end of year | 0 | 0 | 1 |
Plan Assets | Post-Employment Plans | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 1,500 | 1,640 | 157 |
Net inclusion of entities in the Group | 0 | 0 | 1,507 |
Expected return on plan assets | 19 | 26 | 15 |
Benefits paid | (108) | (115) | (58) |
Contributions/(surrenders) | 8 | 21 | 3 |
Actuarial gains/(losses) | 128 | (73) | 24 |
Exchange differences and other items | 0 | 1 | (8) |
Fair value of plan assets at end of year | 1,547 | 1,500 | 1,640 |
Plan Assets | Other similar obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 15 | 17 | 0 |
Net inclusion of entities in the Group | 0 | 0 | 18 |
Expected return on plan assets | 0 | 0 | 0 |
Benefits paid | (2) | (2) | (1) |
Contributions/(surrenders) | 0 | 0 | 0 |
Actuarial gains/(losses) | 0 | (1) | 0 |
Exchange differences and other items | 1 | 1 | 0 |
Fair value of plan assets at end of year | € 14 | € 15 | € 17 |
Provisions - Spanish Entities_5
Provisions - Spanish Entities - Estimated Benefit Payable (Details) - SPAIN € in Millions | Dec. 31, 2019EUR (€) |
2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 836 |
2021 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 638 |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 569 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 491 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 421 |
2025 to 2029 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 1,560 |
Provisions - United Kingdom ent
Provisions - United Kingdom entities - Post employment plans and other similar obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Employee Benefits | |||
Contributions to defined contribution pension funds | € 292 | € 287 | € 271 |
Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (9.08%) | ||
UK | |||
Employee Benefits | |||
Contributions to defined contribution pension funds | € 93 | € 93 | € 82 |
Actuarial assumptions | |||
Annual discount rate | 2.11% | 2.90% | 2.49% |
Mortality tables | "S3 Middle" tables weighted at 84% CMI_2018 projection with initial addition 0.15%, smoothing parameter 7 and 1.25% improvements | 108/86 S2 Light | 108/86 S2 Light |
Cumulative annual CPI growth | 3.01% | 3.22% | 3.15% |
Annual salary increase rate | 1.00% | 1.00% | 1.00% |
Annual pension increase rate | 2.91% | 2.94% | 2.94% |
UK | Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 10.27% | ||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||
UK | Inflation Rate Assumption | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (6.80%) | ||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 6.85% | ||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% |
Provisions - United Kingdom E_2
Provisions - United Kingdom Entities - Funding Status (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Total defined benefit expenses recognized in the consolidated income statements | € 72 | € 84 | € 88 | |||
Actuarial gains and losses on defined benefit pension plans | 1,677 | (618) | [1] | 157 | ||
UK | ||||||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
Present value of the obligations | 14,297 | 12,079 | 13,056 | € 12,955 | € 12,271 | |
Fair value of plan assets | 14,755 | 12,887 | 13,239 | 13,118 | 12,880 | |
Provisions - Provisions for pensions | (458) | (808) | (183) | (163) | (609) | |
Internal provisions for pensions | 329 | 130 | 323 | 306 | 150 | |
Net assets for pensions | (787) | (938) | (506) | € (469) | € (759) | |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | ||||||
Current service cost | 27 | 31 | 36 | |||
Interest cost, net | (24) | (6) | (6) | |||
Total defined benefit expenses recognized in the consolidated income statements | 3 | 25 | 30 | |||
Actuarial gains and losses on defined benefit pension plans | € 601 | € (481) | € (121) | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - United Kingdom E_3
Provisions - United Kingdom Entities - Present Value of Obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | € (1,677) | ||
UK | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | 601 | ||
UK | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 12,079 | € 13,056 | € 12,955 |
Current service cost | 27 | 31 | 36 |
Interest cost | 352 | 320 | 347 |
Benefits paid | (441) | (489) | (445) |
Contributions made by employees | 18 | 24 | 20 |
Past service cost | 0 | 0 | 0 |
Actuarial (gains)/losses | 1,594 | (766) | 602 |
Demographic actuarial (gains)/losses | 48 | (21) | (184) |
Financial actuarial (gains)/losses | 1,546 | (745) | 786 |
Exchange differences and other items | 668 | (97) | (459) |
Net defined benefit liability (asset) at end of period | € 14,297 | € 12,079 | € 13,056 |
Provisions - United Kingdom E_4
Provisions - United Kingdom Entities - Fair Value Of Plan Assets and Plan Assets Allocation (Details) - UK - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 12.00% | 17.00% | 20.00% |
Debt instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 46.00% | 50.00% | 46.00% |
Investment property | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 11.00% | 10.00% | 13.00% |
Other assets Member | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 31.00% | 23.00% | 21.00% |
Plan Assets | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | € 12,887 | € 13,239 | € 13,118 |
Incorporation of Group companies, net | 376 | 326 | 353 |
Expected return on plan assets | (441) | (489) | (445) |
Benefits paid | 244 | 209 | 208 |
Contributions | 993 | (285) | 481 |
Exchange differences and other items | 696 | (113) | (476) |
Fair value of plan assets at end of year | € 14,755 | € 12,887 | € 13,239 |
Provisions - United Kingdom E_5
Provisions - United Kingdom Entities - Estimated Benefit Payable (Details) - UK € in Millions | Dec. 31, 2019EUR (€) |
2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 391 |
2021 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 362 |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 388 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 403 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 428 |
2025 to 2029 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 2,450 |
Provisions - Other Foreign Subs
Provisions - Other Foreign Subsidiaries - Post employment plans and other similar obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Employee Benefits | |||
Contributions to defined contribution pension funds | € 292 | € 287 | € 271 |
Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (9.08%) | ||
Other Foreign Countries | |||
Employee Benefits | |||
Contributions to defined contribution pension funds | € 110 | € 107 | € 99 |
Other Foreign Countries | Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (5.58%) | ||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 6.19% | ||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||
BRAZIL | |||
Actuarial assumptions | |||
Cumulative annual CPI growth | 3.50% | ||
Mortality tables | AT2000 | ||
Minimum | BRAZIL | |||
Actuarial assumptions | |||
Annual discount rate | 7.05% | ||
Maximum | BRAZIL | |||
Actuarial assumptions | |||
Annual discount rate | 7.22% |
Provisions - Other Foreign Su_2
Provisions - Other Foreign Subsidiaries - Funding Status (Details) - EUR (€) € in Millions | 1 Months Ended | 12 Months Ended | |||||
Jun. 30, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||||||
Actuarial gains and losses on defined benefit pension plans | € (1,677) | € 618 | [1] | € (157) | |||
Other Foreign Countries | |||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||
Present value of the obligations | 10,717 | 9,116 | 9,534 | € 9,876 | € 8,337 | ||
Charge to the participants | 176 | 167 | 193 | 153 | 133 | ||
Fair value of plan assets | 8,826 | 7,743 | 7,927 | 8,445 | 7,008 | ||
Provisions - Provisions for pensions | 1,715 | 1,206 | 1,414 | 1,278 | 1,196 | ||
Internal provisions for pensions | 2,129 | 1,541 | 1,787 | 1,613 | 1,478 | ||
Net assets for pensions | (116) | (77) | (98) | (52) | (28) | ||
Unrecognized net assets for pensions | (298) | (258) | (275) | € (283) | € (254) | ||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||||||
Current service cost | 32 | 34 | 35 | ||||
Interest cost, net | 101 | 101 | 104 | ||||
Actuarial (gains)/losses recognized in the year | 12 | 5 | 1 | ||||
Past service cost | 6 | 3 | 3 | ||||
Pre-retirement cost | 0 | (6) | 0 | ||||
Other | (1) | (203) | (19) | ||||
Total defined benefit expenses (income) recognised in the consolidated income statements | 150 | (66) | 124 | ||||
Actuarial gains and losses on defined benefit pension plans | 641 | € 64 | € 207 | ||||
BRAZIL | |||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||
Present value of the obligations | 7,774 | ||||||
Charge to the participants | 176 | ||||||
Fair value of plan assets | 6,875 | ||||||
Provisions - Provisions for pensions | 723 | ||||||
Internal provisions for pensions | 1,098 | ||||||
Net assets for pensions | (77) | ||||||
Unrecognized net assets for pensions | € (298) | ||||||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||||||
Reduction in commitments | € 186 | ||||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Other Foreign Su_3
Provisions - Other Foreign Subsidiaries - Present Value of Obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | € (1,677) | ||
Other Foreign Countries | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 9,116 | € 9,534 | € 9,876 |
Net inclusion of entities in the Group | 0 | 36 | 165 |
Current service cost | 32 | 34 | 35 |
Interest cost | 651 | 646 | 807 |
Pre-retirement cost | 0 | (6) | 0 |
Effect of curtailment/settlement | (1) | (199) | (19) |
Benefits paid | (666) | (634) | (716) |
Benefits paid due to settlements | 0 | 0 | (24) |
Contributions made by employees | 5 | 5 | 6 |
Past service cost | 6 | 3 | 3 |
Actuarial (gains)/losses | 1,652 | 390 | 404 |
Demographic actuarial (gains)/losses | 3 | (59) | (140) |
Financial actuarial (gains)/losses | 1,649 | 449 | 544 |
Exchange differences and other items | (78) | (693) | (1,003) |
Net defined benefit liability (asset) at end of period | € 10,717 | € 9,116 | € 9,534 |
Provisions - Other Foreign Su_4
Provisions - Other Foreign Subsidiaries - Fair Value Of Plan Assets and Plan Assets Allocation (Details) - Other Foreign Countries - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 8.00% | 7.00% | 6.00% |
Debt instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 84.00% | 83.00% | 84.00% |
Investment property | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 1.00% | 1.00% | 3.00% |
Other assets Member | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 7.00% | 9.00% | 7.00% |
Plan Assets | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | € 7,743 | € 7,927 | € 8,445 |
Net inclusion of entities in the Group | 0 | 0 | 166 |
Expected return on plan assets | 573 | 573 | 732 |
Benefits paid | (613) | (602) | (683) |
Benefits paid due to settlements | 0 | 0 | (24) |
Contributions | 214 | 199 | 94 |
Actuarial gains/(losses) | 1,021 | 308 | 203 |
Exchange differences and other items | (112) | (662) | (1,006) |
Fair value of plan assets at end of year | € 8,826 | € 7,743 | € 7,927 |
Provisions - Other Foreign Su_5
Provisions - Other Foreign Subsidiaries - Estimated benefit payable (Details) - Other Foreign Countries € in Millions | Dec. 31, 2019EUR (€) |
2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 609 |
2021 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 615 |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 629 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 641 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 655 |
2025 to 2029 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 3,418 |
Provisions (Details)
Provisions (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of provision matrix [line items] | ||||||
Provisions | € 13,987 | € 13,225 | [1] | € 14,686 | € 14,489 | € 14,459 |
Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 5,508 | 5,649 | € 5,841 | 5,841 | € 5,712 | |
Provisions for taxes | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 759 | 864 | 1,006 | |||
Provisions for other legal proceedings | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,522 | 1,451 | 1,307 | |||
Provision for customer remediation | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 725 | 652 | 885 | |||
Provision for customer remediation | Banco Popular Espanol, S.A. | ||||||
Disclosure of provision matrix [line items] | ||||||
Offset in part by the use of the available provisions | 47 | |||||
Regulatory framework-related provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 67 | 105 | 101 | |||
Provision for restructuring | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 641 | 492 | 360 | |||
Other | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,018 | 1,226 | 1,314 | |||
SPAIN | Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,381 | 1,647 | 1,666 | |||
SPAIN | Provision for restructuring | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 271 | |||||
Offset in part by the use of the available provisions | 165 | |||||
European Union (excluding Spain) | Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 1,100 | 1,044 | 1,127 | |||
Other Foreign Countries Not Including Countries In EU | Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 3,027 | 2,958 | 3,048 | |||
BRAZIL | Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 2,484 | 2,496 | 2,504 | |||
BRAZIL | Provisions for employment-related proceedings | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 776 | € 859 | € 868 | |||
BRAZIL | Provisions for other legal proceedings | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 183 | |||||
Offset in part by the use of the available provisions | 229 | |||||
BRAZIL | Provision for restructuring | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 166 | |||||
Offset in part by the use of the available provisions | 40 | |||||
BRAZIL | Provisions For Labour Processes | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 291 | |||||
Offset in part by the use of the available provisions | 394 | |||||
UK | Provision for customer remediation | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 192 | |||||
Offset in part by the use of the available provisions | 175 | |||||
UK | Regulatory framework-related provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 99 | |||||
Offset in part by the use of the available provisions | 103 | |||||
UK | Provision for restructuring | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 186 | |||||
Offset in part by the use of the available provisions | 139 | |||||
PUERTO RICO | Provision for customer remediation | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 59 | |||||
Offset in part by the use of the available provisions | 41 | |||||
POLAND | Regulatory framework-related provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 123 | |||||
POLAND | Provision for restructuring | ||||||
Disclosure of provision matrix [line items] | ||||||
Additional provisions charged to income statement | 63 | |||||
Offset in part by the use of the available provisions | € 58 | |||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Litigation and oth
Provisions - Litigation and other matters (Details) - EUR (€) | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of provision matrix [line items] | ||||||
Provisions | € 13,987,000,000 | € 13,225,000,000 | [1] | € 14,686,000,000 | € 14,489,000,000 | € 14,459,000,000 |
Banco Santander (Brasil) S.A | ||||||
Disclosure of provision matrix [line items] | ||||||
Tax legal obligations with probable loss risk | 1,145,000,000 | |||||
Tax litigation with possible loss risk | 3,962,000,000 | |||||
Banco Santander (Brasil) S.A | Legal case appeal related to deduction of expenses in income tax | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 0 | |||||
Banco Santander (Brasil) S.A | Legal case related to tax deductibility of amortization of goodwill arising on acquisition | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 0 | |||||
Banco Santander (Brasil) S.A | Legal case related to infringement notices initiated by tax authorities regarding the offsetting of tax losses | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 0 | |||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Legal case related to Brazilian tax authorities not admitting compensation with credits derived from other tax concepts | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 0 | |||||
Other combined provisions | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | 5,508,000,000 | 5,649,000,000 | € 5,841,000,000 | 5,841,000,000 | € 5,712,000,000 | |
Provisions for taxes | ||||||
Disclosure of provision matrix [line items] | ||||||
Provisions | € 759,000,000 | € 864,000,000 | € 1,006,000,000 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Provisions - Non-tax-related pr
Provisions - Non-tax-related proceedings (Details) zł in Millions | 3 Months Ended | 12 Months Ended | 36 Months Ended | |||||||||||
Dec. 31, 2019EUR (€) | Dec. 31, 2019EUR (€)claimcaseattorney_general | Dec. 31, 2019GBP (£)claimcaseattorney_general | Dec. 31, 2019PLN (zł)claimcaseattorney_general | Dec. 31, 2018EUR (€) | Dec. 31, 2018GBP (£) | Dec. 31, 2017EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2019PLN (zł) | Dec. 31, 2018GBP (£) | Jan. 01, 2018EUR (€) | Dec. 31, 2016EUR (€) | ||
Disclosure of provision matrix [line items] | ||||||||||||||
Provisions | € 13,987,000,000 | € 13,987,000,000 | € 13,225,000,000 | [1] | € 14,489,000,000 | € 13,987,000,000 | € 14,686,000,000 | € 14,459,000,000 | ||||||
Cumulative customer complaints | claim | 4,400,000 | 4,400,000 | 4,400,000 | |||||||||||
Number of claims under review | claim | 327,000 | 327,000 | 327,000 | |||||||||||
Number of future expected claims | claim | 49,000 | 49,000 | 49,000 | |||||||||||
Number of additional PPI claims that results in additional charge | claim | 10,000 | 10,000 | 10,000 | |||||||||||
Number of state attorneys general represented by executive committee | attorney_general | 33 | 33 | 33 | |||||||||||
Arbitration cases received FINRA | case | 751 | 751 | 751 | |||||||||||
Arbitration cases pending FINRA | case | 439 | 439 | 439 | |||||||||||
Balance of relevant mortgage loans that could result in an additional charge to provisions | 4,300,000,000 | € 4,300,000,000 | 4,300,000,000 | |||||||||||
Compensation sought in litigation claim | € 112,000,000 | |||||||||||||
"Planos Econmicos" | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Period of suspension of economic plan process | 2 years | 2 years | 2 years | |||||||||||
Legal Case To Request Court Judgment On The Validity Of The Swaps | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Arbitration matter, amount claimed by entity | € 66,000,000 | |||||||||||||
Arbitration matter, amount claimed by counterparty | 56,800,000 | |||||||||||||
Floor Clauses | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Provisions | 79,900,000 | 79,900,000 | 104,000,000 | 79,900,000 | ||||||||||
Maximum risk | 900,000,000 | |||||||||||||
Provision used, other provisions | 45,000,000 | 119,000,000 | € 238,000,000 | 402,000,000 | ||||||||||
Provision for PPI | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Provisions | 222,000,000 | 222,000,000 | € 275,000,000 | 222,000,000 | £ 189,000,000 | £ 246,000,000 | ||||||||
Additional provisions charged to income statement | 0 | |||||||||||||
Provision for every 10,000 additional PPI claims | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Additional provisions charged to income statement | 192,000,000 | £ 169,000,000 | £ 0 | |||||||||||
Provision for CHF Polish Mortgage Loans | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Provisions | € 41,000,000 | 41,000,000 | € 41,000,000 | zł 173 | ||||||||||
IFRS Scenario Plan | Provision for every 10,000 additional PPI claims | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Additional provisions charged to income statement | 3,700,000 | £ 3,300,000 | ||||||||||||
CHF | ||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||
Portfolio of mortgage loans denominated or indexed to CHF | € 2,323,000,000 | zł 9,891 | ||||||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other liabilities (Details)
Other liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Miscellaneous liabilities [abstract] | ||||
Transactions in transit | € 663 | € 803 | € 811 | |
Accruals and deferred income | 6,909 | 6,621 | 6,790 | |
Other | 5,220 | 5,664 | 4,990 | |
Other liabilities | € 12,792 | € 13,088 | [1] | € 12,591 |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tax matters - Years open for re
Tax matters - Years open for review by the tax authorities (Details) € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€) | |
Provision for taxes and other legal contingencies | |
Disclosure of other provisions [line items] | |
Provisions recognised | € 0 |
Tax matters - Reconciliation (D
Tax matters - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Consolidated profit (loss) before tax | ||||
Tax rate applicable in Spain (as a percent) | (30.00%) | (30.00%) | (30.00%) | |
Consolidated profit (loss) before tax | € 12,543 | € 14,201 | [1] | € 12,091 |
From discontinued operations | 0 | 0 | [1] | 0 |
Income tax at tax rate applicable in Spain | 3,763 | 4,260 | 3,628 | |
By the effect of application of the various tax rates applicable in each country | 243 | 509 | 539 | |
Effect of profit or loss of associates and joint ventures | (97) | (221) | (211) | |
Effect of deduction of goodwill in Brazil | 0 | 0 | (164) | |
Effect of reassessment of deferred taxes | (612) | 0 | (282) | |
Permanent differences | 1,130 | 338 | 374 | |
Current income tax | € 4,427 | € 4,886 | [1] | € 3,884 |
Effective tax rate (as a percent) | 35.29% | 34.40% | 32.12% | |
Discontinued operations | € 0 | € 0 | € 0 | |
Current taxes | 3,962 | 4,763 | 3,777 | |
Deferred taxes | 465 | 123 | 107 | |
Taxes paid in the year | 2,593 | 3,342 | [2] | 4,137 |
Aggregate continuing and discontinued operations [member] | ||||
Consolidated profit (loss) before tax | ||||
Consolidated profit (loss) before tax | 12,543 | 14,201 | 12,091 | |
BRAZIL | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | 502 | 719 | 656 | |
UK | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | (80) | (99) | (78) | |
UNITED STATES | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | (71) | (57) | 68 | |
CHILE | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | € (35) | € (35) | € (48) | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tax matters - Tax recognized in
Tax matters - Tax recognized in equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Other comprehensive income | |||
Tax recognized in equity, Items not reclassified to profit or loss | € 500 | € (225) | € 60 |
Actuarial gains or (-) losses on defined benefit pension plans | 499 | (199) | 60 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (42) | 0 | |
Financial liabilities at fair value with changes in results attributed to changes in credit risk | 43 | (26) | |
Tax recognized in equity, Items that may be reclassified to profit or loss | (832) | 124 | 0 |
Cash flow hedges | (17) | (50) | 108 |
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | (811) | 167 | |
Financial assets available for sale | (97) | ||
Other recognized income and expense of investments in subsidiaries, joint ventures and associates | (4) | 7 | (11) |
Total | € (332) | € (101) | 60 |
Debt instruments | |||
Other comprehensive income | |||
Financial assets available for sale | (366) | ||
Equity instruments | |||
Other comprehensive income | |||
Financial assets available for sale | € 269 |
Tax matters - Deferred taxes (D
Tax matters - Deferred taxes (Details) - EUR (€) € in Millions | May 03, 2016 | Dec. 31, 2019 | Dec. 31, 2015 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 22,758 | € 23,258 | [1] | € 23,210 | € 21,264 | ||
Deferred tax liabilities | 6,522 | 5,568 | [1] | 4,837 | |||
Portion already submitted for conversion | 486 | 995 | |||||
Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 11,233 | 10,866 | 11,046 | ||||
Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 11,525 | 12,392 | 12,164 | ||||
SPAIN | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 12,511 | ||||||
SPAIN | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Annual fee to maintain the monetized portion of deferred taxes (as a percent) | 1.50% | ||||||
ITALY | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Annual fee to maintain the monetized portion of deferred taxes (as a percent) | 1.50% | ||||||
BRAZIL | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 6,120 | ||||||
UNITED STATES | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,303 | ||||||
Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 3,427 | 4,276 | 4,457 | 4,934 | |||
Tax losses and tax credits | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 3,428 | 4,276 | 4,457 | ||||
Tax losses and tax credits | SPAIN | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 2,759 | ||||||
Tax losses and tax credits | BRAZIL | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 103 | ||||||
Tax losses and tax credits | UNITED STATES | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 363 | ||||||
Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 19,331 | 18,982 | 18,753 | 16,330 | |||
Deferred tax liabilities | 6,522 | 5,568 | 4,837 | 5,694 | |||
Temporary differences | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 11,233 | 10,866 | 11,046 | € 9,649 | |||
Temporary differences | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 8,097 | 8,116 | 7,707 | ||||
Temporary differences | SPAIN | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax asset recovery period | 15 years | ||||||
Temporary differences | SPAIN | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 7,422 | ||||||
Temporary differences | SPAIN | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 2,330 | ||||||
Temporary differences | BRAZIL | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax asset recovery period | 10 years | ||||||
Temporary differences | BRAZIL | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 3,615 | ||||||
Temporary differences | BRAZIL | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 2,402 | ||||||
Temporary differences | UNITED STATES | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 940 | ||||||
Deferred tax asset recovery period | 15 years | ||||||
Non-deductible provisions | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 2,751 | 2,613 | 2,336 | ||||
Valuation of financial instruments | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | 2,073 | 1,168 | 1,207 | ||||
Valuation of financial instruments | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 400 | 609 | 530 | ||||
Loan losses | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 7,645 | 7,279 | 7,461 | ||||
Loan losses | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,086 | 1,308 | 1,159 | ||||
Pensions | Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 3,587 | 3,587 | 3,585 | ||||
Pensions | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,009 | 632 | 723 | ||||
Valuation of tangible and intangible assets | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | 1,962 | 1,503 | 1,256 | ||||
Valuation of tangible and intangible assets | Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,317 | 1,215 | 1,077 | ||||
Investments in Group companies | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | € 831 | € 880 | € 808 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tax matters - Changes in tax as
Tax matters - Changes in tax assets and liabilities (Details) - EUR (€) € in Millions | Jan. 01, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | ||||||
Deferred tax assets - Balances at the beginning of the period | € 23,210 | € 23,258 | [1] | € 23,210 | € 21,264 | |
IFRS9 Adoption impact | 680 | |||||
(Charge)/Credit to income | 215 | 241 | (675) | |||
Foreign currency balance translation differences and other items | (610) | (807) | (756) | |||
(Charge)/Credit to asset and liability valuation adjustments | (92) | 149 | (1) | |||
Acquisitions for the year (net) | (13) | (215) | 3,378 | |||
Deferred tax assets - Balances at the end of the period | 22,758 | 23,258 | [1] | 23,210 | ||
Deferred tax liabilities - Balances at the beginning of the period | (4,837) | (5,568) | [1] | (4,837) | ||
Foreign currency balance translation differences and other items | 92 | (114) | 414 | |||
(Charge)/Credit to asset and liability valuation adjustments | (366) | (315) | 19 | |||
Acquisitions for the year (net) | 0 | 62 | (144) | |||
Deferred tax liabilities - Balances at the end of the period | (6,522) | (5,568) | [1] | (4,837) | ||
Balances at the beginning of the period | 18,373 | 17,690 | 18,373 | 15,570 | ||
(Charge)/Credit to income | (465) | (123) | (107) | |||
Foreign currency balance translation differences and other items | (518) | (921) | (342) | |||
(Charge)/Credit to asset and liability valuation adjustments | (458) | (166) | 18 | |||
Acquisitions for the year (net) | (13) | (153) | 3,234 | |||
Balances at the end of the period | 16,236 | 17,690 | 18,373 | |||
Deferred tax assets not recognized | 6,700 | |||||
Tax benefits not recognized | 370 | |||||
Monetizable | ||||||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | ||||||
Deferred tax assets - Balances at the beginning of the period | 11,046 | 10,866 | 11,046 | |||
Deferred tax assets - Balances at the end of the period | 11,233 | 10,866 | 11,046 | |||
Tax losses and tax credits | ||||||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | ||||||
Deferred tax assets - Balances at the beginning of the period | 4,457 | 4,276 | 4,457 | 4,934 | ||
IFRS9 Adoption impact | 0 | |||||
(Charge)/Credit to income | (301) | (128) | (279) | |||
Foreign currency balance translation differences and other items | (548) | 1 | (205) | |||
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 | |||
Acquisitions for the year (net) | 0 | (54) | 7 | |||
Deferred tax assets - Balances at the end of the period | 3,427 | 4,276 | 4,457 | |||
Temporary differences | ||||||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | ||||||
Deferred tax assets - Balances at the beginning of the period | 18,753 | 18,982 | 18,753 | 16,330 | ||
IFRS9 Adoption impact | 680 | |||||
(Charge)/Credit to income | 516 | 369 | (396) | |||
Foreign currency balance translation differences and other items | (62) | (808) | (551) | |||
(Charge)/Credit to asset and liability valuation adjustments | (92) | 149 | (1) | |||
Acquisitions for the year (net) | (13) | (161) | 3,371 | |||
Deferred tax assets - Balances at the end of the period | 19,331 | 18,982 | 18,753 | |||
Deferred tax liabilities - Balances at the beginning of the period | (4,837) | (5,568) | (4,837) | (5,694) | ||
IFRS9 Adoption impact | 0 | |||||
(Charge)/Credit to income | (680) | (364) | 568 | |||
Foreign currency balance translation differences and other items | 92 | (114) | 414 | |||
(Charge)/Credit to asset and liability valuation adjustments | (366) | (315) | 19 | |||
Acquisitions for the year (net) | 0 | 62 | (144) | |||
Deferred tax liabilities - Balances at the end of the period | (6,522) | (5,568) | (4,837) | |||
Temporary differences | Monetizable | ||||||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | ||||||
Deferred tax assets - Balances at the beginning of the period | 11,046 | 10,866 | 11,046 | 9,649 | ||
IFRS9 Adoption impact | € 273 | |||||
(Charge)/Credit to income | 427 | 391 | (185) | |||
Foreign currency balance translation differences and other items | (60) | (844) | (455) | |||
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 | |||
Acquisitions for the year (net) | 0 | 0 | 2,037 | |||
Deferred tax assets - Balances at the end of the period | € 11,233 | € 10,866 | € 11,046 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Tax matters - Other information
Tax matters - Other information (Details) | 12 Months Ended |
Dec. 31, 2019GBP (£) | |
UK | |
Tax reforms | |
Dividend exemption, generating potential tax credit | £ 2,000 |
Non-controlling interests - NCI
Non-controlling interests - NCI components (Details) € in Millions, £ in Millions | 12 Months Ended | ||||
Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | € 8,987 | € 9,384 | € 10,756 | ||
Profit attributable to non-controlling interests | 1,601 | 1,505 | [1] | 1,588 | |
Non-controlling interests | 10,588 | 10,889 | [2] | 12,344 | |
Santander Consumer USA Holdings Inc. | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,565 | 1,652 | 1,479 | ||
Profit attributable to non-controlling interests | 230 | 218 | 368 | ||
Santander Bank Polska SA | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,597 | 1,538 | 1,901 | ||
Profit attributable to non-controlling interests | 162 | 173 | 160 | ||
Grupo PSA | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,569 | 1,409 | 1,305 | ||
Profit attributable to non-controlling interests | 266 | 232 | 206 | ||
Banco Santander (Brasil) S.A | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,167 | 1,114 | 1,489 | ||
Profit attributable to non-controlling interests | 373 | 292 | 288 | ||
Banco Santander - Chile | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,101 | 1,085 | 1,209 | ||
Profit attributable to non-controlling interests | 283 | 279 | 264 | ||
Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 333 | 1,093 | 1,056 | ||
Profit attributable to non-controlling interests | 195 | 216 | 194 | ||
Grupo Metrovacesa | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 0 | 0 | 836 | ||
Other Companies | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,655 | 1,493 | 1,481 | ||
Profit attributable to non-controlling interests | 92 | 95 | 108 | ||
Santander UK plc | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | € 1,346 | € 1,280 | € 1,290 | ||
Issue of convertible instruments (in shares) | £ | £ 2,250 | ||||
Banco Santander S.A. | |||||
Non-controlling interests | |||||
Issue of convertible instruments (in shares) | £ | £ 1,100 | ||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Non-controlling interests - Cha
Non-controlling interests - Changes in NCI (Details) - EUR (€) € in Millions | 12 Months Ended | |||||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | Jan. 01, 2018 | Jan. 01, 2017 | Dec. 31, 2016 | ||||
Non-controlling interests | ||||||||||
Equity at beginning of period | € 107,361 | [1],[2] | € 106,833 | € 102,699 | [3] | |||||
Effect of changes in accounting policies | € (391) | € (1,340) | ||||||||
Total recognised income and expenses for the year | 8,535 | 7,416 | [4] | 887 | ||||||
Profit attributable to non-controlling interests | 1,601 | 1,505 | [5] | 1,588 | ||||||
Change of perimeter | 110 | (601) | (39) | |||||||
Dividends | (3,612) | (3,892) | (3,496) | |||||||
Equity at end of period | 110,659 | 107,361 | [1],[2] | 106,833 | ||||||
Non-Controlling interest | ||||||||||
Non-controlling interests | ||||||||||
Equity at beginning of period | 10,889 | 12,344 | 11,761 | |||||||
Equity at end of period | 10,588 | 10,889 | 12,344 | |||||||
Non-Controlling interest, Other comprehensive income | ||||||||||
Non-controlling interests | ||||||||||
Effect of changes in accounting policies | € 0 | € (1,292) | € 0 | |||||||
Opening balance | 10,889 | 11,052 | € 11,761 | |||||||
Total recognised income and expenses for the year | 310 | (109) | (583) | |||||||
Non-Controlling interest, Other elements | ||||||||||
Non-controlling interests | ||||||||||
Other | (611) | (54) | 1,166 | |||||||
Profit attributable to non-controlling interests | 1,601 | 1,505 | 1,588 | |||||||
Modification of participation rates | (1,623) | (65) | (819) | |||||||
Change of perimeter | 110 | (660) | (39) | |||||||
Dividends | (895) | (687) | (665) | |||||||
Changes in capital and others concepts | € 196 | € (147) | € 1,101 | |||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[3] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[4] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[5] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Non-controlling interests - C_2
Non-controlling interests - Change by subsidiary (Details) - EUR (€) € in Millions | Sep. 06, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Non-controlling interests | ||||
Decrease due to business combinations | € (110) | € 601 | € 39 | |
Banco Santander S.A. (Mexico) | ||||
Non-controlling interests | ||||
Percentage of voting equity interests acquired | 16.69% | |||
Ownership interest (as a percent) | 91.65% | |||
Decrease due to business combinations | € 1,012 | |||
Santander Consumer USA Holdings Inc. | ||||
Non-controlling interests | ||||
Percentage of voting equity interests acquired | 9.65% | |||
Decrease due to business combinations | € 492 | |||
Metrovacesa, S.A. | ||||
Non-controlling interests | ||||
Decrease in minority interest due to loss of control | € 826 |
Non-controlling interests - Oth
Non-controlling interests - Other information (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | ||
Non-controlling interests | |||||
Total assets | € 1,522,695 | € 1,459,271 | [1] | € 1,444,305 | € 1,443,069 |
Total liabilities | 1,412,036 | 1,351,910 | [1] | 1,337,472 | € 1,337,707 |
Profit (loss) | 8,116 | € 9,315 | [2],[3],[4] | € 8,207 | |
Banco Santander (Brasil) S.A | |||||
Non-controlling interests | |||||
Total assets | 172,033 | ||||
Total liabilities | 156,251 | ||||
Net assets | 15,782 | ||||
Total gross income | 13,951 | ||||
Profit (loss) | 3,311 | ||||
Banco Santander - Chile | |||||
Non-controlling interests | |||||
Total assets | 62,151 | ||||
Total liabilities | 57,246 | ||||
Net assets | 4,905 | ||||
Total gross income | 2,539 | ||||
Profit (loss) | 919 | ||||
Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | |||||
Non-controlling interests | |||||
Total assets | 72,441 | ||||
Total liabilities | 66,086 | ||||
Net assets | 6,355 | ||||
Total gross income | 3,998 | ||||
Profit (loss) | 1,145 | ||||
Santander Bank Polska SA | |||||
Non-controlling interests | |||||
Total assets | 44,688 | ||||
Total liabilities | 39,659 | ||||
Net assets | 5,029 | ||||
Total gross income | 1,717 | ||||
Profit (loss) | 511 | ||||
Santander Consumer USA Holdings Inc. | |||||
Non-controlling interests | |||||
Total assets | 43,706 | ||||
Total liabilities | 37,097 | ||||
Net assets | 6,609 | ||||
Total gross income | 4,575 | ||||
Profit (loss) | € 806 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[3] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other comprehensive income - AO
Other comprehensive income - AOCI components (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of analysis of other comprehensive income by item [line items] | ||||
OTHER COMPREHENSIVE INCOME | € (22,032) | € (22,141) | [1] | € (21,776) |
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (4,288) | (2,936) | [1] | (4,034) |
Actuarial gains or losses on defined benefit pension plans | (4,764) | (3,609) | (4,033) | |
NON-CURRENT ASSETS HELD FOR SALE | 0 | 0 | 0 | |
Other recognized income and expense of investments in subsidiaries, joint ventures and associates, not reclassified | 1 | 1 | (1) | |
Other valuation adjustments | 0 | 0 | 0 | |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | 514 | 597 | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | 0 | ||
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 44 | 0 | ||
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (44) | 0 | ||
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (39) | 75 | ||
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (17,744) | (19,205) | [1] | (17,742) |
Hedge of net investments in foreign operations (effective portion) | (5,464) | (4,312) | (4,311) | |
Exchange differences | (14,607) | (15,730) | (15,430) | |
Hedging derivatives. Cash flow hedges (effective portion) | 300 | 277 | 152 | |
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 2,321 | 828 | ||
Hedging instruments (items not designated) | 0 | 0 | ||
Financial assets available-for-sale | 2,321 | 831 | 2,068 | |
Non-current assets classified as held for sale | 0 | 0 | 0 | |
Share in other income and expenses recognized in investments in joint ventures and associates | (294) | (268) | (221) | |
Debt instruments | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Financial assets available-for-sale | € 2,321 | € 831 | 1,154 | |
Equity instruments | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Financial assets available-for-sale | € 914 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other comprehensive income - It
Other comprehensive income - Items not reclassified: benefit plans (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (1,677) | ||
SPAIN | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € 278 | ||
Discount rates | 0.80% | 1.55% | |
UK | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € 601 | ||
Discount rates | 2.11% | 2.90% | 2.49% |
BRAZIL | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (310) | ||
PORTUGAL | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (150) | ||
Pension benefits | BRAZIL | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Discount rates | 7.05% | 9.11% | |
Pension benefits | PORTUGAL | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Discount rates | 1.10% | 2.10% | |
Medical benefits | BRAZIL | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Discount rates | 7.22% | 9.26% | |
Discount rate actuarial assumptions | Other Regions | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € 338 |
Other comprehensive income - _2
Other comprehensive income - Items not reclassified: equity instruments (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | |
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Net revaluation gains (losses) | € 514 | € 597 | ||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | € 126,353 |
Debt instruments | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Financial assets at fair value through other comprehensive income | 118,405 | € 116,819 | [1] | € 122,077 |
Domestic | SPAIN | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 21 | |||
Revaluation losses | (445) | |||
Net revaluation gains (losses) | (424) | |||
Financial assets at fair value through other comprehensive income | 184 | |||
International | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 1,038 | |||
Revaluation losses | (524) | |||
International | Rest of Europe | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 68 | |||
Revaluation losses | (72) | |||
Net revaluation gains (losses) | (4) | |||
Financial assets at fair value through other comprehensive income | 379 | |||
International | UNITED STATES | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 15 | |||
Revaluation losses | (3) | |||
Net revaluation gains (losses) | 12 | |||
Financial assets at fair value through other comprehensive income | 44 | |||
International | Latin America and rest of the world | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 934 | |||
Revaluation losses | (4) | |||
Net revaluation gains (losses) | 930 | |||
Financial assets at fair value through other comprehensive income | 2,256 | |||
Listed | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 936 | |||
Revaluation losses | (14) | |||
Net revaluation gains (losses) | 922 | |||
Financial assets at fair value through other comprehensive income | 2,283 | |||
Unlisted | ||||
Disclosure of analysis of other comprehensive income by item [line items] | ||||
Revaluation gains | 102 | |||
Revaluation losses | (510) | |||
Net revaluation gains (losses) | (408) | |||
Financial assets at fair value through other comprehensive income | € 580 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other comprehensive income - _3
Other comprehensive income - Items may be reclassified: foreign hedges and exchange differences (Details) € in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | ||
Items that may be reclassified to profit or loss | ||||||
Profit (loss) related to measurement of goodwill | € (932) | € (679) | [1] | € 105 | ||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (20,071) | (20,042) | (19,741) | |||
BRL | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (13,579) | (12,950) | (11,056) | |||
GBP | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (3,135) | (3,924) | (3,732) | |||
MXN | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (2,439) | (2,312) | (2,230) | |||
Argentine peso | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | 0 | 0 | (1,684) | |||
Chilean peso | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (1,560) | (1,238) | (866) | |||
USD | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | 1,654 | 1,330 | 555 | |||
Other currencies | ||||||
Items that may be reclassified to profit or loss | ||||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (1,012) | € (948) | € (728) | |||
Goodwill | ||||||
Items that may be reclassified to profit or loss | ||||||
Profit (loss) related to measurement of goodwill | € 230 | $ (556) | $ (1,704) | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Other comprehensive income - _4
Other comprehensive income - Items may be reclassified: debt and equity instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | Jan. 01, 2018 | Dec. 31, 2016 | ||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | € 2,531 | € 1,184 | € 2,389 | ||||
Revaluation losses | (210) | (353) | (321) | ||||
Net revaluation gains/(losses) | 2,321 | 831 | 2,068 | ||||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | ||||
Impairment loss (reversal) | 9,352 | 8,986 | [1] | € 9,259 | |||
Decrease in value of quoted equity instrument to be considered impaired (as a percent) | 40.00% | ||||||
Period of time of a continued fall in value of an equity instrument to be considered impaired (in months) | 18 months | ||||||
Debt instruments | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 2,531 | 1,184 | € 1,460 | ||||
Revaluation losses | (210) | (353) | (306) | ||||
Net revaluation gains/(losses) | 2,321 | 831 | 1,154 | ||||
Financial assets available-for-sale | 122,845 | 118,420 | 128,481 | ||||
Government debt securities and debt instruments issued by central banks | SPAIN | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 947 | 326 | 660 | ||||
Revaluation losses | (2) | (3) | (25) | ||||
Net revaluation gains/(losses) | 945 | 323 | 635 | ||||
Financial assets available-for-sale | 32,413 | 38,550 | 48,217 | ||||
Government debt securities and debt instruments issued by central banks | Rest of Europe | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 664 | 373 | 306 | ||||
Revaluation losses | (38) | (55) | (24) | ||||
Net revaluation gains/(losses) | 626 | 318 | 282 | ||||
Financial assets available-for-sale | 19,052 | 17,494 | 20,244 | ||||
Government debt securities and debt instruments issued by central banks | Latin America and rest of the world | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 839 | 448 | 404 | ||||
Revaluation losses | (121) | (117) | (129) | ||||
Net revaluation gains/(losses) | 718 | 331 | 275 | ||||
Financial assets available-for-sale | 51,284 | 42,599 | 39,132 | ||||
Private-sector debt securities | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 81 | 37 | 90 | ||||
Revaluation losses | (49) | (178) | (128) | ||||
Net revaluation gains/(losses) | 32 | (141) | (38) | ||||
Financial assets available-for-sale | 20,096 | 19,777 | 20,888 | ||||
Equity instruments | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 929 | ||||||
Revaluation losses | (15) | ||||||
Net revaluation gains/(losses) | 914 | ||||||
Financial assets available-for-sale | 2,863 | 2,671 | 4,790 | € 2,671 | € 3,169 | € 5,487 | |
Domestic | SPAIN | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 5 | ||||||
Revaluation losses | (2) | ||||||
Net revaluation gains/(losses) | 3 | ||||||
Financial assets available-for-sale | 1,373 | ||||||
International | Rest of Europe | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 166 | ||||||
Revaluation losses | (2) | ||||||
Net revaluation gains/(losses) | 164 | ||||||
Financial assets available-for-sale | 979 | ||||||
International | Latin America and rest of the world | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 744 | ||||||
Revaluation losses | (6) | ||||||
Net revaluation gains/(losses) | 738 | ||||||
Financial assets available-for-sale | 1,878 | ||||||
International | UNITED STATES | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 14 | ||||||
Revaluation losses | (5) | ||||||
Net revaluation gains/(losses) | 9 | ||||||
Financial assets available-for-sale | 560 | ||||||
Listed | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 828 | ||||||
Revaluation losses | (5) | ||||||
Net revaluation gains/(losses) | 823 | ||||||
Financial assets available-for-sale | 2,900 | ||||||
Unlisted | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Revaluation gains | 101 | ||||||
Revaluation losses | (10) | ||||||
Net revaluation gains/(losses) | 91 | ||||||
Financial assets available-for-sale | 1,890 | ||||||
Financial assets at fair value through other comprehensive income, category | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Impairment loss (reversal) | € 12 | € 1 | [1] | ||||
Financial assets available for sale, category | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Impairment loss (reversal) | 10 | ||||||
Financial assets available for sale, category | Equity instruments | |||||||
Disclosure of analysis of other comprehensive income by item [line items] | |||||||
Provision (reversal) due to modification of income statement | € 10 | ||||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Other comprehensive income - _5
Other comprehensive income - Items may be reclassified: investments in subsidiaries, etc. (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | € (15,730) | € (15,430) | |
Revaluation gains/(losses) | € (131) | ||
Net amounts transferred to profit or loss | 154 | 398 | 1,716 |
Balance at end of year | (14,607) | (15,730) | (15,430) |
Equity Investments | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (267) | (222) | (153) |
Revaluation gains/(losses) | (33) | (65) | (84) |
Net amounts transferred to profit or loss | 7 | 20 | 15 |
Balance at end of year | (293) | (267) | (222) |
Equity Investments | Zurich Santander Insurance America S.L. | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (159) | (145) | |
Balance at end of year | € (145) | € (159) | € (145) |
Issued Capital - Changes (Detai
Issued Capital - Changes (Details) € / shares in Units, € in Millions | Jul. 20, 2017item | Dec. 31, 2019EUR (€)€ / sharesshares | Oct. 23, 2019 | Sep. 10, 2019EUR (€)shares | May 09, 2019 | Apr. 17, 2019 | Feb. 06, 2019 | Dec. 31, 2018EUR (€)shares | Nov. 07, 2018EUR (€)shares | Dec. 31, 2017EUR (€)shares | Nov. 07, 2017EUR (€)shares | Jul. 03, 2017EUR (€)€ / sharesshares | Dec. 31, 2016EUR (€)shares | |
Disclosure of classes of share capital [line items] | ||||||||||||||
Share capital (in shares) | 16,236,573,942 | 16,136,153,582 | 14,582,340,701 | |||||||||||
Share capital | € | € 8,309 | € 8,118 | [1] | € 8,068 | € 48 | € 729 | € 7,291 | |||||||
New shares issued (in shares) | 381,540,640 | 100,420,360 | 95,580,136 | 1,458,232,745 | ||||||||||
Nominal value per share | € / shares | € 0.50 | € 0.50 | ||||||||||||
Premium per share | € / shares | 4.35 | |||||||||||||
Total price per share | € / shares | € 4.85 | |||||||||||||
Capital increase | € | € 191 | € 50 | € 7,072 | |||||||||||
Number of subscription rights required for each new share | item | 10 | |||||||||||||
Shares issued as a percentage of shared capital | 2.35% | 0.62% | 0.66% | |||||||||||
Share premium | € | € 52,446 | € 50,993 | [1] | € 51,053 | € 6,343 | |||||||||
Takeover bid threshold percentage | 16.69% | |||||||||||||
Number of shares equivalent to a Crest Depositary Interest (CDI) | 1 | |||||||||||||
Number of shares equivalent to an American Depositary Receipt (BDR) | 1 | |||||||||||||
State Street Bank and Trust Company | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 14.06% | |||||||||||||
Bank of New York Mellon Corporation | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 8.12% | |||||||||||||
Chase Nominees Ltd. | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 6.38% | |||||||||||||
EC Nominees Limited | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 3.97% | |||||||||||||
BNP Paribas | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 3.40% | |||||||||||||
Blackrock, Inc. | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 5.426% | |||||||||||||
Minimum | Blackrock, Inc. | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 5.00% | 5.00% | ||||||||||||
Maximum | Blackrock, Inc. | ||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||
Shares owned by significant shareholders, as a percent of total share capital | 5.00% | 5.00% | ||||||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Issued Capital - Other consider
Issued Capital - Other considerations (Details) - EUR (€) shares in Millions | 1 Months Ended | ||||
Apr. 30, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Apr. 07, 2017 | |
Disclosure of classes of share capital [abstract] | |||||
Authorized additional share capital | € 500,000,000 | € 3,645,585,175 | |||
Authorized period in which to exercise capital increase | 1 year | ||||
Limit to disapply pre-emption rights | € 1,458,234,070 | ||||
Shares owned by third parties and managed by Group management companies (in shares) | 40 | 63 | 52 | ||
Shares owned by third parties and managed by Group management companies as a percentage of shared capital | 0.24% | 0.39% | 0.32% | ||
Shares owned by third parties and received as security (in shares) | 227 | ||||
Shares received as security as a percentage of shared capital | 1.36% |
Share premium (Details)
Share premium (Details) € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | Jul. 03, 2017EUR (€) | |
Share Premium Abstract | |||||||
Share premium | € 52,446 | € 50,993 | [1] | € 51,053 | € 6,343 | ||
Decrease in share premium related to Santander Dividendo Eleccion Scrip dividend scheme | 1,491 | € 50 | € 48 | ||||
Transfer of share premium to Legal reserve | € 38 | $ 10 | $ 154 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Accumulated retained earnings -
Accumulated retained earnings - Reserve breakdown (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Reserve breakdown | ||||
Revaluation reserve Royal Decree-Law 7/1996 | € 0 | € 0 | [1] | € 0 |
Reserves of subsidiaries | 41,357 | 37,593 | 36,862 | |
Equity Investments | ||||
Reserve breakdown | ||||
Restricted reserves | 2,595 | 2,580 | 2,880 | |
Legal reserve | 1,662 | 1,624 | 1,614 | |
Own shares | 879 | 902 | 1,212 | |
Revaluation reserve Royal Decree-Law 7/1996 | 43 | 43 | 43 | |
Reserve for retired capital | 11 | 11 | 11 | |
Unrestricted reserves | 10,664 | 12,099 | 11,369 | |
Voluntary reserves | 4,603 | 5,737 | 6,904 | |
Consolidation reserves attributable to the Bank | 6,061 | 6,362 | 4,465 | |
Reserves of subsidiaries | 41,357 | 37,593 | 36,862 | |
Reserves of entities accounted for using the equity method | 1,166 | 917 | 724 | |
Accumulated retained earnings and other reserves | € 55,782 | € 53,189 | € 51,835 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Accumulated retained earnings_2
Accumulated retained earnings - Legal reserve (Details) € in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Legal reserve | |||
Percentage of annual net profit required to be transferred to the legal reserve | 10.00% | ||
Percentage of share capital required to be maintained in the legal reserve before annual transfers can be discontinued | 20.00% | ||
Minimum percentage of increased share capital required to be maintained in the legal reserve if reserves are used to increase capital | 10.00% | ||
Transfer of share premium to Legal reserve | € 38 | $ 10 | $ 154 |
Accumulated retained earnings_3
Accumulated retained earnings - Reserves of subsidiaries (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € 41,357 | € 37,593 | € 36,862 |
Restricted portion of Reserves of subsidiaries | 3,193 | 2,964 | 2,777 |
Banco Santander (Brasil) S.A | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 12,400 | 10,755 | 9,874 |
Grupo Santander UK | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 8,079 | 8,207 | 7,724 |
Santander Holding USA, Inc. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 4,528 | 4,260 | 4,150 |
Santander Consumer Finance, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 4,012 | 2,841 | 2,465 |
Santander Mexico | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,810 | 3,436 | 3,229 |
Banco Santander - Chile | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,116 | 2,963 | 2,764 |
Banco Santander Totta SA | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 2,823 | 2,729 | 2,821 |
Santander Bank Polska SA | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 1,738 | 1,387 | 1,093 |
Santander Seguros y Reaseguros, Compania Aseguradora, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 823 | 714 | 638 |
Banco Santander (Suisse), S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 348 | 369 | 381 |
Santander Investment, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 146 | 208 | 202 |
Banco Santander Rio, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | (197) | (82) | 1,639 |
Exchange differences, consolidation adjustments and other companies | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € (269) | € (194) | € (118) |
Other equity instruments and _2
Other equity instruments and own shares (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Sep. 08, 2017 | ||
Other equity instruments and own shares | |||||
Fidelity Bonds, nominal value | € 598 | € 565 | € 981 | ||
Fidelity Bonds, market value | 598 | 565 | [1] | € 525 | € 686 |
OTHER EQUITY | € 146 | € 234 | [1] | € 216 | |
Bank's shares owned by consolidated companies as percentage of issued shared capital | 0.051% | 0.075% | 0.024% | ||
Average purchase price of Bank shares | € 4.09 | ||||
Average selling price of Bank shares | € 4.11 | ||||
Net effect on equity from purchase and sale of Bank shares | € 6 | € 0 | € 26 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Memorandum items - Commitments
Memorandum items - Commitments and contingencies (Details) € in Millions, $ in Millions | Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | |
Contingent Liabilities And Contingent Commitments [Member] | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 323,724 | € 304,195 | € 287,087 | |||
Loans commitment granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 241,179 | 218,083 | [1] | 207,671 | ||
Financial guarantees granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,650 | 11,723 | [1] | 14,499 | ||
Financial guarantees | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,619 | 11,557 | 14,287 | |||
Credit derivatives sold | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 31 | 166 | 212 | |||
Other commitments granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 68,895 | 74,389 | [1] | 64,917 | ||
Technical Guarantees | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 33,890 | 35,154 | 30,273 | |||
Other contingent commitments | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 35,005 | 39,235 | 34,644 | |||
Financial instruments credit-impaired | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,327 | |||||
Financial instruments credit-impaired | Loans commitment granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 352 | 298 | 81 | |||
Financial instruments credit-impaired | Financial guarantees granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 154 | 181 | 254 | |||
Financial instruments credit-impaired | Other commitments granted | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 747 | 983 | 992 | |||
Financial instruments credit-impaired | Lifetime Expected Credit Losses | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,253 | $ 5,324 | 1,462 | |||
Financial instruments not credit-impaired | Next 12 months | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | $ | $ 316,116 | 297,409 | ||||
Financial instruments not credit-impaired | Lifetime Expected Credit Losses | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 6,355 | |||||
Provision for contingent liabilities and commitments | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Other provisions | € 617 | |||||
Provision for contingent liabilities and commitments | Financial instruments credit-impaired | Lifetime Expected Credit Losses | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Other provisions | 177 | € 265 | ||||
Provision for contingent liabilities and commitments | Financial instruments not credit-impaired | Next 12 months | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Other provisions | 417 | 382 | ||||
Provision for contingent liabilities and commitments | Financial instruments not credit-impaired | Lifetime Expected Credit Losses | ||||||
Disclosure of contingent liabilities [line items] | ||||||
Other provisions | € 145 | $ 132 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Memorandum items - Other (Detai
Memorandum items - Other (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 176,910 | € 157,855 | € 166,574 |
Non-managed marketed funds | 49,490 | 42,211 | 41,398 |
Third party debt securities and equity instruments held in custody | 229,381 | 940,650 | 997,061 |
Investment fund units and shares | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 142,988 | 127,564 | 135,749 |
Pension funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 11,843 | 11,160 | 11,566 |
Assets under management | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 22,079 | € 19,131 | € 19,259 |
Hedging derivatives - Hedging i
Hedging derivatives - Hedging instruments (Details) € in Millions | 12 Months Ended | |||||||
Dec. 31, 2019EUR (€)£ / $ | Dec. 31, 2019EUR (€)£ / €£ / $ | Dec. 31, 2019EUR (€)£ / ¥£ / $ | Dec. 31, 2019EUR (€)£ / $ | Dec. 31, 2018EUR (€) | Dec. 31, 2018EUR (€)£ / € | Dec. 31, 2018EUR (€)£ / ¥ | Dec. 31, 2018EUR (€)£ / $ | |
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 318,807 | € 318,807 | € 318,807 | € 318,807 |
Carrying amount - Assets | 7,216 | 7,216 | 7,216 | 7,216 | 8,607 | 8,607 | 8,607 | 8,607 |
Carrying amount - Liabilities | 6,048 | 6,048 | 6,048 | 6,048 | 6,363 | 6,363 | 6,363 | 6,363 |
Change in fair value used for calculating hedge ineffectiveness | 3,062 | (67) | ||||||
Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 202,548 | 202,548 | 202,548 | 202,548 | 178,719 | 178,719 | 178,719 | 178,719 |
Carrying amount - Assets | 3,570 | 3,570 | 3,570 | 3,570 | 3,451 | 3,451 | 3,451 | 3,451 |
Carrying amount - Liabilities | 3,649 | 3,649 | 3,649 | 3,649 | 5,114 | 5,114 | 5,114 | 5,114 |
Change in fair value used for calculating hedge ineffectiveness | 1,522 | (96) | ||||||
Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 183,586 | 183,586 | 183,586 | 183,586 | 163,069 | 163,069 | 163,069 | 163,069 |
Carrying amount - Assets | 3,032 | 3,032 | 3,032 | 3,032 | 2,642 | 2,642 | 2,642 | 2,642 |
Carrying amount - Liabilities | 3,160 | 3,160 | 3,160 | 3,160 | 4,620 | 4,620 | 4,620 | 4,620 |
Change in fair value used for calculating hedge ineffectiveness | 1,346 | (16) | ||||||
Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 78 | 78 | 78 | 78 | 109 | 109 | 109 | 109 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
Change in fair value used for calculating hedge ineffectiveness | (1) | 0 | ||||||
Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 12,325 | 12,325 | 12,325 | 12,325 | 7,702 | 7,702 | 7,702 | 7,702 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 32 | 32 | 32 | 32 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 476 | 126 | ||||||
Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 117,439 | 117,439 | 117,439 | 117,439 | 129,045 | 129,045 | 129,045 | 129,045 |
Carrying amount - Assets | 2,651 | 2,651 | 2,651 | 2,651 | 2,339 | 2,339 | 2,339 | 2,339 |
Carrying amount - Liabilities | 2,297 | 2,297 | 2,297 | 2,297 | 4,172 | 4,172 | 4,172 | 4,172 |
Change in fair value used for calculating hedge ineffectiveness | 429 | (281) | ||||||
Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 44,791 | 44,791 | 44,791 | 44,791 | 19,579 | 19,579 | 19,579 | 19,579 |
Carrying amount - Assets | 91 | 91 | 91 | 91 | 170 | 170 | 170 | 170 |
Carrying amount - Liabilities | 472 | 472 | 472 | 472 | 250 | 250 | 250 | 250 |
Change in fair value used for calculating hedge ineffectiveness | 295 | 32 | ||||||
Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8,728 | 8,728 | 8,728 | 8,728 | 4,957 | 4,957 | 4,957 | 4,957 |
Carrying amount - Assets | 272 | 272 | 272 | 272 | 121 | 121 | 121 | 121 |
Carrying amount - Liabilities | 349 | 349 | 349 | 349 | 45 | 45 | 45 | 45 |
Change in fair value used for calculating hedge ineffectiveness | 126 | 17 | ||||||
Fair value hedges | Interest rate risk | Inflation swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | ||||
Change in fair value used for calculating hedge ineffectiveness | (9) | |||||||
Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 50 | 50 | 50 | 50 | 51 | 51 | 51 | 51 |
Carrying amount - Assets | 9 | 9 | 9 | 9 | 6 | 6 | 6 | 6 |
Carrying amount - Liabilities | 9 | 9 | 9 | 9 | 6 | 6 | 6 | 6 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 0 | ||||||
Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Carrying amount - Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 0 | ||||||
Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 160 | 160 | 160 | 160 | 1,611 | 1,611 | 1,611 | 1,611 |
Carrying amount - Assets | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 5 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 145 | 145 | 145 | 145 |
Change in fair value used for calculating hedge ineffectiveness | 21 | 99 | ||||||
Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 10,006 | 10,006 | 10,006 | 10,006 | 3,191 | 3,191 | 3,191 | 3,191 |
Carrying amount - Assets | 73 | 73 | 73 | 73 | 17 | 17 | 17 | 17 |
Carrying amount - Liabilities | 55 | 55 | 55 | 55 | (3) | (3) | (3) | (3) |
Change in fair value used for calculating hedge ineffectiveness | 60 | (43) | ||||||
Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 284 | 284 | 284 | 284 | ||||
Carrying amount - Assets | 24 | 24 | 24 | 24 | ||||
Carrying amount - Liabilities | 1 | 1 | 1 | 1 | ||||
Change in fair value used for calculating hedge ineffectiveness | 0 | |||||||
Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 9,722 | 9,722 | 9,722 | 9,722 | 3,191 | 3,191 | 3,191 | 3,191 |
Carrying amount - Assets | 49 | 49 | 49 | 49 | 17 | 17 | 17 | 17 |
Carrying amount - Liabilities | 54 | 54 | 54 | 54 | (3) | (3) | (3) | (3) |
Change in fair value used for calculating hedge ineffectiveness | 60 | (43) | ||||||
Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8,698 | 8,698 | 8,698 | 8,698 | 12,237 | 12,237 | 12,237 | 12,237 |
Carrying amount - Assets | 465 | 465 | 465 | 465 | 792 | 792 | 792 | 792 |
Carrying amount - Liabilities | 428 | 428 | 428 | 428 | 493 | 493 | 493 | 493 |
Change in fair value used for calculating hedge ineffectiveness | 116 | (42) | ||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 869 | 869 | 869 | 869 | 3,022 | 3,022 | 3,022 | 3,022 |
Carrying amount - Assets | 16 | 16 | 16 | 16 | 143 | 143 | 143 | 143 |
Carrying amount - Liabilities | 1 | 1 | 1 | 1 | 20 | 20 | 20 | 20 |
Change in fair value used for calculating hedge ineffectiveness | 45 | 15 | ||||||
Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 277 | 277 | 277 | 277 | 20 | 20 | 20 | 20 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 4 | 0 | ||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,552 | 7,552 | 7,552 | 7,552 | 9,195 | 9,195 | 9,195 | 9,195 |
Carrying amount - Assets | 449 | 449 | 449 | 449 | 649 | 649 | 649 | 649 |
Carrying amount - Liabilities | 423 | 423 | 423 | 423 | 473 | 473 | 473 | 473 |
Change in fair value used for calculating hedge ineffectiveness | 67 | (57) | ||||||
Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 168 | 168 | 168 | 168 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 4 | 4 | 4 | 4 |
Change in fair value used for calculating hedge ineffectiveness | (5) | 5 | ||||||
Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 64 | 64 | 64 | 64 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 3 |
Change in fair value used for calculating hedge ineffectiveness | (5) | 3 | ||||||
Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 104 | 104 | 104 | 104 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 1 | 1 | 1 | 1 | ||||
Change in fair value used for calculating hedge ineffectiveness | 2 | |||||||
Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 258 | 258 | 258 | 258 | 54 | 54 | 54 | 54 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 5 | 0 | ||||||
Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 258 | 258 | 258 | 258 | 54 | 54 | 54 | 54 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 6 | 6 | 6 | 6 | ||||
Change in fair value used for calculating hedge ineffectiveness | 5 | |||||||
Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 135,439 | 135,439 | 135,439 | 135,439 | 118,400 | 118,400 | 118,400 | 118,400 |
Carrying amount - Assets | 3,398 | 3,398 | 3,398 | 3,398 | 4,865 | 4,865 | 4,865 | 4,865 |
Carrying amount - Liabilities | 1,618 | 1,618 | 1,618 | 1,618 | 976 | 976 | 976 | 976 |
Change in fair value used for calculating hedge ineffectiveness | 1,540 | 28 | ||||||
Cash flow hedges | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 21,655 | 21,655 | 21,655 | 21,655 | ||||
Carrying amount - Assets | 33 | 33 | 33 | 33 | ||||
Carrying amount - Liabilities | 147 | 147 | 147 | 147 | ||||
Change in fair value used for calculating hedge ineffectiveness | 93 | |||||||
Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 55,810 | 55,810 | 55,810 | 55,810 | 39,165 | 39,165 | 39,165 | 39,165 |
Carrying amount - Assets | 277 | 277 | 277 | 277 | 307 | 307 | 307 | 307 |
Carrying amount - Liabilities | 261 | 261 | 261 | 261 | 250 | 250 | 250 | 250 |
Change in fair value used for calculating hedge ineffectiveness | 267 | (182) | ||||||
Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 771 | 771 | 771 | 771 | 127 | 127 | 127 | 127 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 64 | (29) | ||||||
Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 21,492 | 21,492 | 21,492 | 21,492 | 33,956 | 33,956 | 33,956 | 33,956 |
Carrying amount - Assets | 99 | 99 | 99 | 99 | 240 | 240 | 240 | 240 |
Carrying amount - Liabilities | 97 | 97 | 97 | 97 | 202 | 202 | 202 | 202 |
Change in fair value used for calculating hedge ineffectiveness | 105 | (159) | ||||||
Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 6,164 | 6,164 | 6,164 | 6,164 | ||||
Carrying amount - Assets | 30 | 30 | 30 | 30 | ||||
Carrying amount - Liabilities | 12 | 12 | 12 | 12 | ||||
Change in fair value used for calculating hedge ineffectiveness | (8) | |||||||
Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,345 | 2,345 | 2,345 | 2,345 | 2,350 | 2,350 | 2,350 | 2,350 |
Carrying amount - Assets | 98 | 98 | 98 | 98 | 57 | 57 | 57 | 57 |
Carrying amount - Liabilities | 5 | 5 | 5 | 5 | 26 | 26 | 26 | 26 |
Change in fair value used for calculating hedge ineffectiveness | 17 | (11) | ||||||
Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,383 | 3,383 | 3,383 | 3,383 | 1,747 | 1,747 | 1,747 | 1,747 |
Carrying amount - Assets | 17 | 17 | 17 | 17 | 10 | 10 | 10 | 10 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | (4) | (5) | ||||||
Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 985 | 985 | 985 | 985 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 22 | 22 | 22 | 22 | ||||
Change in fair value used for calculating hedge ineffectiveness | 22 | |||||||
Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 21,655 | 21,655 | 21,655 | 21,655 | ||||
Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 31,803 | 31,803 | 31,803 | 31,803 | 38,457 | 38,457 | 38,457 | 38,457 |
Carrying amount - Assets | 463 | 463 | 463 | 463 | 971 | 971 | 971 | 971 |
Carrying amount - Liabilities | 660 | 660 | 660 | 660 | 568 | 568 | 568 | 568 |
Change in fair value used for calculating hedge ineffectiveness | 405 | 878 | ||||||
Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 9,290 | 9,290 | 9,290 | 9,290 | 4,946 | 4,946 | 4,946 | 4,946 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | (113) | 12 | ||||||
Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 888 | 888 | 888 | 888 | 1,055 | 1,055 | 1,055 | 1,055 |
Carrying amount - Assets | 12 | 12 | 12 | 12 | 10 | 10 | 10 | 10 |
Carrying amount - Liabilities | 11 | 11 | 11 | 11 | 5 | 5 | 5 | 5 |
Change in fair value used for calculating hedge ineffectiveness | 6 | (8) | ||||||
Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 11,030 | 11,030 | 11,030 | 11,030 | 23,904 | 23,904 | 23,904 | 23,904 |
Carrying amount - Assets | 214 | 214 | 214 | 214 | 775 | 775 | 775 | 775 |
Carrying amount - Liabilities | 433 | 433 | 433 | 433 | 548 | 548 | 548 | 548 |
Change in fair value used for calculating hedge ineffectiveness | 365 | 142 | ||||||
Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 314 | 314 | 314 | 314 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | ||||
Change in fair value used for calculating hedge ineffectiveness | 0 | |||||||
Cash flow hedges | Exchange rate risk | Deposits borrowed | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 2 | (1) | ||||||
Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 10,595 | 10,595 | 10,595 | 10,595 | 3,283 | 3,283 | 3,283 | 3,283 |
Carrying amount - Assets | 237 | 237 | 237 | 237 | 186 | 186 | 186 | 186 |
Carrying amount - Liabilities | 216 | 216 | 216 | 216 | 15 | 15 | 15 | 15 |
Change in fair value used for calculating hedge ineffectiveness | 145 | 36 | ||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,955 | 4,955 | 4,955 | 4,955 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | ||||
Change in fair value used for calculating hedge ineffectiveness | 697 | |||||||
Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 38,938 | 38,938 | 38,938 | 38,938 | 34,383 | 34,383 | 34,383 | 34,383 |
Carrying amount - Assets | 2,625 | 2,625 | 2,625 | 2,625 | 3,542 | 3,542 | 3,542 | 3,542 |
Carrying amount - Liabilities | 640 | 640 | 640 | 640 | 124 | 124 | 124 | 124 |
Change in fair value used for calculating hedge ineffectiveness | 826 | (665) | ||||||
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,347 | 7,347 | 7,347 | 7,347 | 12,572 | 12,572 | 12,572 | 12,572 |
Carrying amount - Assets | 133 | 133 | 133 | 133 | 20 | 20 | 20 | 20 |
Carrying amount - Liabilities | 5 | 5 | 5 | 5 | 97 | 97 | 97 | 97 |
Change in fair value used for calculating hedge ineffectiveness | (201) | 7 | ||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,547 | 4,547 | 4,547 | 4,547 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 13 | 13 | 13 | 13 | ||||
Change in fair value used for calculating hedge ineffectiveness | 7 | |||||||
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 27,044 | 27,044 | 27,044 | 27,044 | 21,811 | 21,811 | 21,811 | 21,811 |
Carrying amount - Assets | 2,492 | 2,492 | 2,492 | 2,492 | 3,522 | 3,522 | 3,522 | 3,522 |
Carrying amount - Liabilities | 622 | 622 | 622 | 622 | 27 | 27 | 27 | 27 |
Change in fair value used for calculating hedge ineffectiveness | 1,020 | (672) | ||||||
Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8,830 | 8,830 | 8,830 | 8,830 | 6,318 | 6,318 | 6,318 | 6,318 |
Carrying amount - Assets | 33 | 33 | 33 | 33 | 45 | 45 | 45 | 45 |
Carrying amount - Liabilities | 53 | 53 | 53 | 53 | 30 | 30 | 30 | 30 |
Change in fair value used for calculating hedge ineffectiveness | 44 | (11) | ||||||
Cash flow hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 89 | 89 | 89 | 89 | ||||
Carrying amount - Assets | 0 | 0 | 0 | 0 | ||||
Carrying amount - Liabilities | 7 | 7 | 7 | 7 | ||||
Change in fair value used for calculating hedge ineffectiveness | 4 | |||||||
Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 6,511 | 6,511 | 6,511 | 6,511 | 5,904 | 5,904 | 5,904 | 5,904 |
Carrying amount - Assets | 28 | 28 | 28 | 28 | 45 | 45 | 45 | 45 |
Carrying amount - Liabilities | 42 | 42 | 42 | 42 | 21 | 21 | 21 | 21 |
Change in fair value used for calculating hedge ineffectiveness | 44 | (12) | ||||||
Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,230 | 2,230 | 2,230 | 2,230 | 414 | 414 | 414 | 414 |
Carrying amount - Assets | 5 | 5 | 5 | 5 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 |
Change in fair value used for calculating hedge ineffectiveness | (4) | 1 | ||||||
Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 58 | 58 | 58 | 58 | 77 | 77 | 77 | 77 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Change in fair value used for calculating hedge ineffectiveness | (2) | 8 | ||||||
Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 58 | 58 | 58 | 58 | 77 | 77 | 77 | 77 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Change in fair value used for calculating hedge ineffectiveness | (2) | 8 | ||||||
Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 0 | ||||||
Cash flow hedges | Other risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Carrying amount - Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 0 | ||||||
Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 24,477 | 24,477 | 24,477 | 24,477 | 21,688 | 21,688 | 21,688 | 21,688 |
Carrying amount - Assets | 248 | 248 | 248 | 248 | 291 | 291 | 291 | 291 |
Carrying amount - Liabilities | 781 | 781 | 781 | 781 | 273 | 273 | 273 | 273 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 1 | ||||||
Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 24,477 | 24,477 | 24,477 | 24,477 | 21,688 | 21,688 | 21,688 | 21,688 |
Carrying amount - Assets | 248 | 248 | 248 | 248 | 291 | 291 | 291 | 291 |
Carrying amount - Liabilities | 781 | 781 | 781 | 781 | 273 | 273 | 273 | 273 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 1 | ||||||
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 24,477 | 24,477 | 24,477 | 24,477 | 21,688 | 21,688 | 21,688 | 21,688 |
Carrying amount - Assets | 248 | 248 | 248 | 248 | 291 | 291 | 291 | 291 |
Carrying amount - Liabilities | 781 | 781 | 781 | 781 | 273 | 273 | 273 | 273 |
Change in fair value used for calculating hedge ineffectiveness | 0 | (1) | ||||||
Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 110,854 | 110,854 | 110,854 | 110,854 | 94,288 | 94,288 | 94,288 | 94,288 |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,019 | 2,019 | 2,019 | 2,019 | 5,687 | 5,687 | 5,687 | 5,687 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,729 | 7,729 | 7,729 | 7,729 | 7,608 | 7,608 | 7,608 | 7,608 |
Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15,322 | 15,322 | 15,322 | 15,322 | 17,673 | 17,673 | 17,673 | 17,673 |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 30,960 | 30,960 | 30,960 | 30,960 | 33,642 | 33,642 | 33,642 | 33,642 |
More than five years | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 60,422 | 60,422 | 60,422 | 60,422 | 61,860 | 61,860 | 61,860 | 61,860 |
More than five years | Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 48,198 | 48,198 | 48,198 | 48,198 | 49,039 | 49,039 | 49,039 | 49,039 |
More than five years | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 45,317 | 45,317 | 45,317 | 45,317 | 46,310 | 46,310 | 46,310 | 46,310 |
More than five years | Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,637 | 5,637 | 5,637 | 5,637 | 1,391 | 1,391 | 1,391 | 1,391 |
More than five years | Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 26,317 | 26,317 | 26,317 | 26,317 | 32,407 | 32,407 | 32,407 | 32,407 |
More than five years | Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8,061 | 8,061 | 8,061 | 8,061 | 10,426 | 10,426 | 10,426 | 10,426 |
More than five years | Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,142 | 5,142 | 5,142 | 5,142 | 1,875 | 1,875 | 1,875 | 1,875 |
More than five years | Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 15 | 15 | 15 | 15 |
More than five years | Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 160 | 160 | 160 | 160 | 196 | 196 | 196 | 196 |
More than five years | Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,881 | 2,881 | 2,881 | 2,881 | 2,556 | 2,556 | 2,556 | 2,556 |
More than five years | Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 370 | 370 | 370 | 370 |
More than five years | Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 256 | 256 | 256 | 256 | 20 | 20 | 20 | 20 |
More than five years | Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,625 | 2,625 | 2,625 | 2,625 | 2,166 | 2,166 | 2,166 | 2,166 |
More than five years | Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 168 | 168 | 168 | 168 | ||||
More than five years | Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 64 | 64 | 64 | 64 | ||||
More than five years | Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 104 | 104 | 104 | 104 | ||||
More than five years | Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 5 | 5 | 5 | 5 |
More than five years | Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 5 | 5 | 5 | 5 |
More than five years | Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 12,224 | 12,224 | 12,224 | 12,224 | 12,821 | 12,821 | 12,821 | 12,821 |
More than five years | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,265 | 1,265 | 1,265 | 1,265 | 552 | 552 | 552 | 552 |
More than five years | Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 142 | 142 | 142 | 142 | 217 | 217 | 217 | 217 |
More than five years | Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 588 | 588 | 588 | 588 | ||||
More than five years | Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 535 | 535 | 535 | 535 | 335 | 335 | 335 | 335 |
More than five years | Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 854 | 854 | 854 | 854 | 933 | 933 | 933 | 933 |
More than five years | Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 854 | 854 | 854 | 854 | 933 | 933 | 933 | 933 |
More than five years | Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,541 | 7,541 | 7,541 | 7,541 | 9,524 | 9,524 | 9,524 | 9,524 |
More than five years | Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,550 | 2,550 | 2,550 | 2,550 | 3,210 | 3,210 | 3,210 | 3,210 |
More than five years | Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,991 | 4,991 | 4,991 | 4,991 | 6,314 | 6,314 | 6,314 | 6,314 |
More than five years | Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,562 | 2,562 | 2,562 | 2,562 | 1,812 | 1,812 | 1,812 | 1,812 |
More than five years | Cash flow hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
More than five years | Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,562 | 2,562 | 2,562 | 2,562 | 1,812 | 1,812 | 1,812 | 1,812 |
More than five years | Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
More than five years | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15,397 | 15,397 | 15,397 | 15,397 | 17,498 | 17,498 | 17,498 | 17,498 |
More than five years | Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 738 | € 738 | 738 | € 738 | 585 | € 585 | 585 | € 585 |
Average foreign exchange rate | 1.160 | 0 | 1.168 | 0 | ||||
More than five years | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 588 | € 588 | 588 | € 588 | 0 | € 0 | 0 | € 0 |
More than five years | Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | € 0 | € 0 | € 0 | 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | ||
More than five years | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,291 | € 7,291 | € 7,291 | € 7,291 | 9,495 | € 9,495 | € 9,495 | € 9,495 |
Average foreign exchange rate | 1.209 | 1.450 | 1.217 | 1.511 | ||||
1 month | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 25,057 | € 25,057 | 25,057 | € 25,057 | 28,616 | € 28,616 | 28,616 | € 28,616 |
1 month | Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,816 | 5,816 | 5,816 | 5,816 | 9,377 | 9,377 | 9,377 | 9,377 |
1 month | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,468 | 5,468 | 5,468 | 5,468 | 8,436 | 8,436 | 8,436 | 8,436 |
1 month | Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 16 | 16 | 16 | 16 | 668 | 668 | 668 | 668 |
1 month | Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 734 | 734 | 734 | 734 | 7,672 | 7,672 | 7,672 | 7,672 |
1 month | Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,674 | 4,674 | 4,674 | 4,674 | 96 | 96 | 96 | 96 |
1 month | Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 44 | 44 | 44 | 44 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 333 | 333 | 333 | 333 | 17 | 17 | 17 | 17 |
1 month | Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4 | 4 | 4 | 4 | ||||
1 month | Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 329 | 329 | 329 | 329 | 17 | 17 | 17 | 17 |
1 month | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15 | 15 | 15 | 15 | 924 | 924 | 924 | 924 |
1 month | Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 445 | 445 | 445 | 445 |
1 month | Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15 | 15 | 15 | 15 | 479 | 479 | 479 | 479 |
1 month | Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 16,506 | 16,506 | 16,506 | 16,506 | 18,684 | 18,684 | 18,684 | 18,684 |
1 month | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 13,023 | 13,023 | 13,023 | 13,023 | 2,079 | 2,079 | 2,079 | 2,079 |
1 month | Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 |
1 month | Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 460 | 460 | 460 | 460 | 2,028 | 2,028 | 2,028 | 2,028 |
1 month | Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 259 | 259 | 259 | 259 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 49 | 49 | 49 | 49 | ||||
1 month | Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 12,304 | 12,304 | 12,304 | 12,304 | ||||
1 month | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,300 | 2,300 | 2,300 | 2,300 | 16,166 | 16,166 | 16,166 | 16,166 |
1 month | Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 4,946 | 4,946 | 4,946 | 4,946 |
1 month | Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 127 | 127 | 127 | 127 | 4,842 | 4,842 | 4,842 | 4,842 |
1 month | Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,173 | 2,173 | 2,173 | 2,173 | 1,423 | 1,423 | 1,423 | 1,423 |
1 month | Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,955 | 4,955 | 4,955 | 4,955 | ||||
1 month | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,086 | 1,086 | 1,086 | 1,086 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 month | Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,086 | 1,086 | 1,086 | 1,086 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 97 | 97 | 97 | 97 | 439 | 439 | 439 | 439 |
1 month | Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 97 | 97 | 97 | 97 | 439 | 439 | 439 | 439 |
1 month | Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 month | Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,735 | 2,735 | 2,735 | 2,735 | 555 | 555 | 555 | 555 |
1 month | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,735 | 2,735 | 2,735 | 2,735 | 555 | 555 | 555 | 555 |
1 month | Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,735 | 2,735 | 2,735 | 2,735 | 555 | 555 | 555 | 555 |
1 month | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,118 | 5,118 | 5,118 | 5,118 | 6,888 | 6,888 | 6,888 | 6,888 |
1 month | Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | € 0 | 0 | € 0 | 877 | € 877 | 877 | € 877 |
Average foreign exchange rate | 0 | 0 | 0 | 1.580 | ||||
1 month | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | € 0 | 0 | € 0 | 0 | € 0 | 0 | € 0 |
1 month | Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,395 | € 1,395 | € 1,395 | € 1,395 | 4,378 | € 4,378 | € 4,378 | € 4,378 |
Average foreign exchange rate | 0 | 0 | 1.286 | 0 | 0 | 1.304 | ||
1 month | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 954 | € 954 | € 954 | € 954 | 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 1.274 | 0 | 0 | 0 | ||||
1 to 3 months | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 24,694 | € 24,694 | 24,694 | € 24,694 | 25,760 | € 25,760 | 25,760 | € 25,760 |
1 to 3 months | Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,591 | 14,591 | 14,591 | 14,591 | 17,989 | 17,989 | 17,989 | 17,989 |
1 to 3 months | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 9,055 | 9,055 | 9,055 | 9,055 | 12,519 | 12,519 | 12,519 | 12,519 |
1 to 3 months | Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 11 | 11 | 11 | 11 | 27 | 27 | 27 | 27 |
1 to 3 months | Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 2,012 | 2,012 | 2,012 | 2,012 |
1 to 3 months | Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,532 | 3,532 | 3,532 | 3,532 | 10,213 | 10,213 | 10,213 | 10,213 |
1 to 3 months | Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,318 | 5,318 | 5,318 | 5,318 | 267 | 267 | 267 | 267 |
1 to 3 months | Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 194 | 194 | 194 | 194 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,090 | 4,090 | 4,090 | 4,090 | 1,855 | 1,855 | 1,855 | 1,855 |
1 to 3 months | Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,090 | 4,090 | 4,090 | 4,090 | 1,855 | 1,855 | 1,855 | 1,855 |
1 to 3 months | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,432 | 1,432 | 1,432 | 1,432 | 3,615 | 3,615 | 3,615 | 3,615 |
1 to 3 months | Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 1,462 | 1,462 | 1,462 | 1,462 |
1 to 3 months | Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,432 | 1,432 | 1,432 | 1,432 | 2,153 | 2,153 | 2,153 | 2,153 |
1 to 3 months | Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14 | 14 | 14 | 14 | 0 | 0 | 0 | 0 |
1 to 3 months | Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14 | 14 | 14 | 14 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,912 | 5,912 | 5,912 | 5,912 | 6,994 | 6,994 | 6,994 | 6,994 |
1 to 3 months | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,179 | 2,179 | 2,179 | 2,179 | 2,984 | 2,984 | 2,984 | 2,984 |
1 to 3 months | Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 864 | 864 | 864 | 864 | 2,161 | 2,161 | 2,161 | 2,161 |
1 to 3 months | Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 398 | 398 | 398 | 398 | ||||
1 to 3 months | Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 354 | 354 | 354 | 354 | 446 | 446 | 446 | 446 |
1 to 3 months | Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 178 | 178 | 178 | 178 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 377 | 377 | 377 | 377 | ||||
1 to 3 months | Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 385 | 385 | 385 | 385 | ||||
1 to 3 months | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,572 | 2,572 | 2,572 | 2,572 | 3,478 | 3,478 | 3,478 | 3,478 |
1 to 3 months | Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 826 | 826 | 826 | 826 | 3,478 | 3,478 | 3,478 | 3,478 |
1 to 3 months | Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,746 | 1,746 | 1,746 | 1,746 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 308 | 308 | 308 | 308 | 8 | 8 | 8 | 8 |
1 to 3 months | Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 8 | 8 | 8 | 8 |
1 to 3 months | Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 308 | 308 | 308 | 308 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 853 | 853 | 853 | 853 | 524 | 524 | 524 | 524 |
1 to 3 months | Cash flow hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
1 to 3 months | Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 736 | 736 | 736 | 736 | 403 | 403 | 403 | 403 |
1 to 3 months | Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 117 | 117 | 117 | 117 | 121 | 121 | 121 | 121 |
1 to 3 months | Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 to 3 months | Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,191 | 4,191 | 4,191 | 4,191 | 777 | 777 | 777 | 777 |
1 to 3 months | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,191 | 4,191 | 4,191 | 4,191 | 777 | 777 | 777 | 777 |
1 to 3 months | Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,191 | 4,191 | 4,191 | 4,191 | 777 | 777 | 777 | 777 |
1 to 3 months | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 6,822 | 6,822 | 6,822 | 6,822 | 9,403 | 9,403 | 9,403 | 9,403 |
1 to 3 months | Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 887 | € 887 | 887 | € 887 | 2,894 | € 2,894 | 2,894 | € 2,894 |
Average foreign exchange rate | 0 | 1.511 | 0 | 1.332 | ||||
1 to 3 months | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 398 | € 398 | 398 | € 398 | 1,917 | € 1,917 | 1,917 | € 1,917 |
1 to 3 months | Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,491 | € 2,491 | € 2,491 | € 2,491 | 2,853 | € 2,853 | € 2,853 | € 2,853 |
Average foreign exchange rate | 1.144 | 145.928 | 1.252 | 0 | 147.215 | 1.307 | ||
1 to 3 months | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | € 0 | € 0 | € 0 | 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | ||||
3 to 12 months | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 96,106 | € 96,106 | 96,106 | € 96,106 | 51,794 | € 51,794 | 51,794 | € 51,794 |
3 to 12 months | Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 43,236 | 43,236 | 43,236 | 43,236 | 23,773 | 23,773 | 23,773 | 23,773 |
3 to 12 months | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 37,627 | 37,627 | 37,627 | 37,627 | 21,987 | 21,987 | 21,987 | 21,987 |
3 to 12 months | Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 25 | 25 | 25 | 25 | 46 | 46 | 46 | 46 |
3 to 12 months | Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 606 | 606 | 606 | 606 | 981 | 981 | 981 | 981 |
3 to 12 months | Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 24,382 | 24,382 | 24,382 | 24,382 | 18,423 | 18,423 | 18,423 | 18,423 |
3 to 12 months | Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 12,085 | 12,085 | 12,085 | 12,085 | 1,823 | 1,823 | 1,823 | 1,823 |
3 to 12 months | Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 529 | 529 | 529 | 529 | 714 | 714 | 714 | 714 |
3 to 12 months | Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,172 | 5,172 | 5,172 | 5,172 | 1,147 | 1,147 | 1,147 | 1,147 |
3 to 12 months | Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 90 | 90 | 90 | 90 | ||||
3 to 12 months | Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,082 | 5,082 | 5,082 | 5,082 | 1,147 | 1,147 | 1,147 | 1,147 |
3 to 12 months | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 437 | 437 | 437 | 437 | 639 | 639 | 639 | 639 |
3 to 12 months | Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 35 | 35 | 35 | 35 |
3 to 12 months | Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 437 | 437 | 437 | 437 | 604 | 604 | 604 | 604 |
3 to 12 months | Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 38,678 | 38,678 | 38,678 | 38,678 | 16,954 | 16,954 | 16,954 | 16,954 |
3 to 12 months | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 13,011 | 13,011 | 13,011 | 13,011 | 7,530 | 7,530 | 7,530 | 7,530 |
3 to 12 months | Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,441 | 7,441 | 7,441 | 7,441 | 5,957 | 5,957 | 5,957 | 5,957 |
3 to 12 months | Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,253 | 1,253 | 1,253 | 1,253 | ||||
3 to 12 months | Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 231 | 231 | 231 | 231 | 839 | 839 | 839 | 839 |
3 to 12 months | Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 890 | 890 | 890 | 890 | 175 | 175 | 175 | 175 |
3 to 12 months | Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 559 | 559 | 559 | 559 | ||||
3 to 12 months | Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,196 | 3,196 | 3,196 | 3,196 | ||||
3 to 12 months | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,324 | 14,324 | 14,324 | 14,324 | 5,896 | 5,896 | 5,896 | 5,896 |
3 to 12 months | Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 9,290 | 9,290 | 9,290 | 9,290 | 0 | 0 | 0 | 0 |
3 to 12 months | Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,630 | 1,630 | 1,630 | 1,630 | 5,535 | 5,535 | 5,535 | 5,535 |
3 to 12 months | Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 314 | 314 | 314 | 314 | ||||
3 to 12 months | Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,404 | 3,404 | 3,404 | 3,404 | 47 | 47 | 47 | 47 |
3 to 12 months | Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 9,221 | 9,221 | 9,221 | 9,221 | 2,921 | 2,921 | 2,921 | 2,921 |
3 to 12 months | Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,917 | 1,917 | 1,917 | 1,917 | 898 | 898 | 898 | 898 |
3 to 12 months | Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,751 | 1,751 | 1,751 | 1,751 | ||||
3 to 12 months | Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,553 | 5,553 | 5,553 | 5,553 | 2,023 | 2,023 | 2,023 | 2,023 |
3 to 12 months | Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,114 | 2,114 | 2,114 | 2,114 | 566 | 566 | 566 | 566 |
3 to 12 months | Cash flow hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 909 | 909 | 909 | 909 | 410 | 410 | 410 | 410 |
3 to 12 months | Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,205 | 1,205 | 1,205 | 1,205 | 156 | 156 | 156 | 156 |
3 to 12 months | Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8 | 8 | 8 | 8 | 41 | 41 | 41 | 41 |
3 to 12 months | Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 8 | 8 | 8 | 8 | 41 | 41 | 41 | 41 |
3 to 12 months | Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 to 12 months | Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,192 | 14,192 | 14,192 | 14,192 | 11,067 | 11,067 | 11,067 | 11,067 |
3 to 12 months | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,192 | 14,192 | 14,192 | 14,192 | 11,067 | 11,067 | 11,067 | 11,067 |
3 to 12 months | Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,192 | 14,192 | 14,192 | 14,192 | 11,067 | 11,067 | 11,067 | 11,067 |
3 to 12 months | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 32,210 | 32,210 | 32,210 | 32,210 | 16,333 | 16,333 | 16,333 | 16,333 |
3 to 12 months | Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | € 0 | 0 | € 0 | 0 | € 0 | 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | ||||
3 to 12 months | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 1,253 | € 1,253 | 1,253 | € 1,253 | 2,225 | € 2,225 | 2,225 | € 2,225 |
3 to 12 months | Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 4,417 | € 4,417 | € 4,417 | € 4,417 | 3,310 | € 3,310 | € 3,310 | € 3,310 |
Average foreign exchange rate | 1.117 | 143.086 | 1.293 | 1.280 | 146.372 | 1.310 | ||
3 to 12 months | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,626 | € 7,626 | € 7,626 | € 7,626 | 2,859 | € 2,859 | € 2,859 | € 2,859 |
Average foreign exchange rate | 1.169 | 1.536 | 1.252 | 1.633 | ||||
Between one and five years | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 156,185 | € 156,185 | 156,185 | € 156,185 | 150,777 | € 150,777 | 150,777 | € 150,777 |
Between one and five years | Fair value hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 90,707 | 90,707 | 90,707 | 90,707 | 78,541 | 78,541 | 78,541 | 78,541 |
Between one and five years | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 86,119 | 86,119 | 86,119 | 86,119 | 73,817 | 73,817 | 73,817 | 73,817 |
Between one and five years | Fair value hedges | Interest rate risk | Equity swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 42 | 42 | 42 | 42 | 36 | 36 | 36 | 36 |
Between one and five years | Fair value hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 6,066 | 6,066 | 6,066 | 6,066 | 2,650 | 2,650 | 2,650 | 2,650 |
Between one and five years | Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 62,474 | 62,474 | 62,474 | 62,474 | 60,330 | 60,330 | 60,330 | 60,330 |
Between one and five years | Fair value hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 14,653 | 14,653 | 14,653 | 14,653 | 6,967 | 6,967 | 6,967 | 6,967 |
Between one and five years | Fair value hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,819 | 2,819 | 2,819 | 2,819 | 2,368 | 2,368 | 2,368 | 2,368 |
Between one and five years | Fair value hedges | Interest rate risk | Swaption | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 50 | 50 | 50 | 50 | 51 | 51 | 51 | 51 |
Between one and five years | Fair value hedges | Interest rate risk | Collar | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15 | 15 | 15 | 15 | 0 | 0 | 0 | 0 |
Between one and five years | Fair value hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 1,415 | 1,415 | 1,415 | 1,415 |
Between one and five years | Fair value hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 411 | 411 | 411 | 411 | 172 | 172 | 172 | 172 |
Between one and five years | Fair value hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 190 | 190 | 190 | 190 | ||||
Between one and five years | Fair value hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 221 | 221 | 221 | 221 | 172 | 172 | 172 | 172 |
Between one and five years | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,933 | 3,933 | 3,933 | 3,933 | 4,503 | 4,503 | 4,503 | 4,503 |
Between one and five years | Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 869 | 869 | 869 | 869 | 710 | 710 | 710 | 710 |
Between one and five years | Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 21 | 21 | 21 | 21 | 0 | 0 | 0 | 0 |
Between one and five years | Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,043 | 3,043 | 3,043 | 3,043 | 3,793 | 3,793 | 3,793 | 3,793 |
Between one and five years | Fair value hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Fair value hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Fair value hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Fair value hedges | Credit risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 244 | 244 | 244 | 244 | 49 | 49 | 49 | 49 |
Between one and five years | Fair value hedges | Credit risk | CDS | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 244 | 244 | 244 | 244 | 49 | 49 | 49 | 49 |
Between one and five years | Cash flow hedges | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 62,119 | 62,119 | 62,119 | 62,119 | 62,947 | 62,947 | 62,947 | 62,947 |
Between one and five years | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 26,332 | 26,332 | 26,332 | 26,332 | 26,020 | 26,020 | 26,020 | 26,020 |
Between one and five years | Cash flow hedges | Interest rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 771 | 771 | 771 | 771 | 125 | 125 | 125 | 125 |
Between one and five years | Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 12,585 | 12,585 | 12,585 | 12,585 | 23,593 | 23,593 | 23,593 | 23,593 |
Between one and five years | Cash flow hedges | Interest rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,925 | 3,925 | 3,925 | 3,925 | ||||
Between one and five years | Cash flow hedges | Interest rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 966 | 966 | 966 | 966 | 730 | 730 | 730 | 730 |
Between one and five years | Cash flow hedges | Interest rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,315 | 2,315 | 2,315 | 2,315 | 2 | 2 | 2 | 2 |
Between one and five years | Cash flow hedges | Interest rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Cash flow hedges | Interest rate risk | Futures | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,770 | 5,770 | 5,770 | 5,770 | ||||
Between one and five years | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 11,753 | 11,753 | 11,753 | 11,753 | 11,984 | 11,984 | 11,984 | 11,984 |
Between one and five years | Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Between one and five years | Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 888 | 888 | 888 | 888 | 1,055 | 1,055 | 1,055 | 1,055 |
Between one and five years | Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,593 | 7,593 | 7,593 | 7,593 | 9,116 | 9,116 | 9,116 | 9,116 |
Between one and five years | Cash flow hedges | Exchange rate risk | Floor | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Cash flow hedges | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,272 | 3,272 | 3,272 | 3,272 | 1,813 | 1,813 | 1,813 | 1,813 |
Between one and five years | Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | ||||
Between one and five years | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 20,782 | 20,782 | 20,782 | 20,782 | 21,930 | 21,930 | 21,930 | 21,930 |
Between one and five years | Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,880 | 2,880 | 2,880 | 2,880 | 8,456 | 8,456 | 8,456 | 8,456 |
Between one and five years | Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,796 | 2,796 | 2,796 | 2,796 | ||||
Between one and five years | Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 15,106 | 15,106 | 15,106 | 15,106 | 13,474 | 13,474 | 13,474 | 13,474 |
Between one and five years | Cash flow hedges | Inflation risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,204 | 3,204 | 3,204 | 3,204 | 2,977 | 2,977 | 2,977 | 2,977 |
Between one and five years | Cash flow hedges | Inflation risk | Call money swap | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 89 | 89 | 89 | 89 | ||||
Between one and five years | Cash flow hedges | Inflation risk | Currency swaps | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 2,207 | 2,207 | 2,207 | 2,207 | 2,840 | 2,840 | 2,840 | 2,840 |
Between one and five years | Cash flow hedges | Inflation risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 908 | 908 | 908 | 908 | 137 | 137 | 137 | 137 |
Between one and five years | Cash flow hedges | Equity risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 48 | 48 | 48 | 48 | 36 | 36 | 36 | 36 |
Between one and five years | Cash flow hedges | Equity risk | Option | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 48 | 48 | 48 | 48 | 36 | 36 | 36 | 36 |
Between one and five years | Cash flow hedges | Other risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Between one and five years | Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Between one and five years | Hedges of net investment in foreign operations | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,359 | 3,359 | 3,359 | 3,359 | 9,289 | 9,289 | 9,289 | 9,289 |
Between one and five years | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,359 | 3,359 | 3,359 | 3,359 | 9,289 | 9,289 | 9,289 | 9,289 |
Between one and five years | Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 3,359 | 3,359 | 3,359 | 3,359 | 9,289 | 9,289 | 9,289 | 9,289 |
Between one and five years | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 51,307 | 51,307 | 51,307 | 51,307 | 44,166 | 44,166 | 44,166 | 44,166 |
Between one and five years | Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 394 | € 394 | 394 | € 394 | 1,331 | € 1,331 | 1,331 | € 1,331 |
Average foreign exchange rate | 1.178 | 0 | 1.183 | 1.511 | ||||
Between one and five years | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 5,490 | € 5,490 | 5,490 | € 5,490 | 3,466 | € 3,466 | 3,466 | € 3,466 |
Between one and five years | Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | 7,019 | € 7,019 | € 7,019 | € 7,019 | 7,132 | € 7,132 | € 7,132 | € 7,132 |
Average foreign exchange rate | 1.153 | 140.815 | 1.299 | 1.135 | 145.319 | 1.305 | ||
Between one and five years | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Notional amount | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 21,288 | € 21,288 | € 21,288 | € 21,288 |
Average foreign exchange rate | 1.311 | 1.581 | 1.271 | 1.545 | ||||
United Kingdom, Pounds | More than five years | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 300.00% | 300.00% | 300.00% | 300.00% | 284.90% | 284.90% | 284.90% | 284.90% |
United Kingdom, Pounds | More than five years | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 40.00% | 40.00% | 40.00% | 40.00% | 0.00% | 0.00% | 0.00% | 0.00% |
United Kingdom, Pounds | More than five years | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 296.00% | 296.00% | 296.00% | 296.00% | 290.00% | 290.00% | 290.00% | 290.00% |
United Kingdom, Pounds | 1 month | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 77.00% | 77.00% | 77.00% | 77.00% | 63.30% | 63.30% | 63.30% | 63.30% |
United Kingdom, Pounds | 1 month | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
United Kingdom, Pounds | 1 month | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 249.00% | 249.00% | 249.00% | 249.00% | 0.00% | 0.00% | 0.00% | 0.00% |
United Kingdom, Pounds | 1 to 3 months | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 90.00% | 90.00% | 90.00% | 90.00% | 78.80% | 78.80% | 78.80% | 78.80% |
United Kingdom, Pounds | 1 to 3 months | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 76.00% | 76.00% | 76.00% | 76.00% | 72.60% | 72.60% | 72.60% | 72.60% |
United Kingdom, Pounds | 1 to 3 months | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
United Kingdom, Pounds | 3 to 12 months | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 88.00% | 88.00% | 88.00% | 88.00% | 105.70% | 105.70% | 105.70% | 105.70% |
United Kingdom, Pounds | 3 to 12 months | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 82.00% | 82.00% | 82.00% | 82.00% | 73.30% | 73.30% | 73.30% | 73.30% |
United Kingdom, Pounds | 3 to 12 months | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 216.00% | 216.00% | 216.00% | 216.00% | 234.00% | 234.00% | 234.00% | 234.00% |
United Kingdom, Pounds | Between one and five years | Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 133.00% | 133.00% | 133.00% | 133.00% | 158.60% | 158.60% | 158.60% | 158.60% |
United Kingdom, Pounds | Between one and five years | Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 146.00% | 146.00% | 146.00% | 146.00% | 133.40% | 133.40% | 133.40% | 133.40% |
United Kingdom, Pounds | Between one and five years | Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||
Average rate of hedging instrument | 287.00% | 287.00% | 287.00% | 287.00% | 266.00% | 266.00% | 266.00% | 266.00% |
Hedging derivatives - Maturity
Hedging derivatives - Maturity profile (Details) | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2019EUR (€)£ / $ | Dec. 31, 2019EUR (€)zł / €£ / $ | Dec. 31, 2019EUR (€)R$ / €£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)£ / €£ / $ | Dec. 31, 2019EUR (€)¥ / €£ / $ | Dec. 31, 2019EUR (€)€ / $£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)Kč / €£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)$ / Chilean_peso£ / $ | Dec. 31, 2019EUR (€)$ / $£ / $ | Dec. 31, 2019EUR (€)Moroccan_Dirham / €£ / $ | Dec. 31, 2019EUR (€)SFr / €£ / $ | Dec. 31, 2019EUR (€)Chilean_peso / €£ / $ | Dec. 31, 2019EUR (€)€ / ££ / $ | Dec. 31, 2019EUR (€)¥ / €£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)kr / €£ / $ | Dec. 31, 2019EUR (€)Romanian_leu / €£ / $ | Dec. 31, 2019EUR (€)€ / $£ / $ | Dec. 31, 2019EUR (€)$ / Mexican_Pesos£ / $ | Dec. 31, 2019EUR (€)Saudi_Riyal / €£ / $ | Dec. 31, 2019EUR (€)£ / ¥£ / $ | Dec. 31, 2019EUR (€)£ / $ | Dec. 31, 2019EUR (€)kr / €£ / $ | Dec. 31, 2019EUR (€)kr / €£ / $ | Dec. 31, 2019EUR (€)$ / R$£ / $ | Dec. 31, 2019EUR (€) / $£ / $ | Dec. 31, 2019EUR (€)$ / €£ / $ | Dec. 31, 2019EUR (€)£ / $£ / $ | Dec. 31, 2019EUR (€)$ / $£ / $ | Dec. 31, 2018EUR (€)zł / € | Dec. 31, 2018EUR (€)R$ / € | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)£ / € | Dec. 31, 2018EUR (€)¥ / € | Dec. 31, 2018EUR (€)€ / $ | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)Kč / € | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)$ / $ | Dec. 31, 2018EUR (€)SFr / € | Dec. 31, 2018EUR (€)Chilean_peso / € | Dec. 31, 2018EUR (€)€ / £ | Dec. 31, 2018EUR (€)¥ / € | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)kr / € | Dec. 31, 2018EUR (€)€ / $ | Dec. 31, 2018EUR (€)$ / Mexican_Pesos | Dec. 31, 2018EUR (€)£ / ¥ | Dec. 31, 2018EUR (€)£ / $ | Dec. 31, 2018EUR (€)kr / € | Dec. 31, 2018EUR (€)kr / € | Dec. 31, 2018EUR (€)$ / R$ | Dec. 31, 2018EUR (€) / $ | Dec. 31, 2018EUR (€)R$ / $ | Dec. 31, 2018EUR (€)$ / € | Dec. 31, 2018EUR (€)£ / $ | Dec. 31, 2018EUR (€)$ / $ | |
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 362,464,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 | € 318,807,000,000 |
1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 25,057,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 | 28,616,000,000 |
1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 24,694,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 | 25,760,000,000 |
3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 96,106,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 | 51,794,000,000 |
Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 156,185,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 | 150,777,000,000 |
More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 60,422,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 | 61,860,000,000 |
Fair value hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 202,548,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 | 178,719,000,000 |
Fair value hedges | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 5,816,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 | 9,377,000,000 |
Fair value hedges | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 14,591,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 | 17,989,000,000 |
Fair value hedges | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 43,236,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 | 23,773,000,000 |
Fair value hedges | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 90,707,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 | 78,541,000,000 |
Fair value hedges | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 48,198,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 | 49,039,000,000 |
Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 183,586,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 | 163,069,000,000 |
Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 5,468,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 | 8,436,000,000 |
Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 9,055,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 | 12,519,000,000 |
Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 37,627,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 | 21,987,000,000 |
Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 86,119,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 | 73,817,000,000 |
Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 45,317,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 | 46,310,000,000 |
Fair value hedges | Interest rate risk | Equity swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 78,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 | 109,000,000 |
Fair value hedges | Interest rate risk | Equity swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Equity swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 |
Fair value hedges | Interest rate risk | Equity swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 | 46,000,000 |
Fair value hedges | Interest rate risk | Equity swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 |
Fair value hedges | Interest rate risk | Equity swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Future interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 12,325,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 | 7,702,000,000 |
Fair value hedges | Interest rate risk | Future interest rate | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 | 668,000,000 |
Fair value hedges | Interest rate risk | Future interest rate | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 | 2,012,000,000 |
Fair value hedges | Interest rate risk | Future interest rate | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 606,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 | 981,000,000 |
Fair value hedges | Interest rate risk | Future interest rate | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 6,066,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 | 2,650,000,000 |
Fair value hedges | Interest rate risk | Future interest rate | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 5,637,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 | 1,391,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 117,439,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 | 129,045,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 734,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 | 7,672,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 3,532,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 24,382,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 | 18,423,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 62,474,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 | 60,330,000,000 |
Fair value hedges | Interest rate risk | Interest rate swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 26,317,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 | 32,407,000,000 |
Fair value hedges | Interest rate risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 44,791,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 | 19,579,000,000 |
Fair value hedges | Interest rate risk | Call money swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 4,674,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 | 96,000,000 |
Fair value hedges | Interest rate risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 5,318,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 | 267,000,000 |
Fair value hedges | Interest rate risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 12,085,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 | 1,823,000,000 |
Fair value hedges | Interest rate risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 14,653,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 | 6,967,000,000 |
Fair value hedges | Interest rate risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 8,061,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 | 10,426,000,000 |
Fair value hedges | Interest rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 8,728,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 | 4,957,000,000 |
Fair value hedges | Interest rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 529,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 | 714,000,000 |
Fair value hedges | Interest rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,819,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 |
Fair value hedges | Interest rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 5,142,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 | 1,875,000,000 |
Fair value hedges | Interest rate risk | Swaption | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 |
Fair value hedges | Interest rate risk | Swaption | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Swaption | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Swaption | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Swaption | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 | 51,000,000 |
Fair value hedges | Interest rate risk | Swaption | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Collar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 |
Fair value hedges | Interest rate risk | Collar | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Collar | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Collar | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Collar | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Collar | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 |
Fair value hedges | Interest rate risk | Floor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 | 1,611,000,000 |
Fair value hedges | Interest rate risk | Floor | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Floor | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Floor | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | Floor | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 |
Fair value hedges | Interest rate risk | Floor | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 160,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 | 196,000,000 |
Fair value hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 10,006,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 |
Fair value hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 333,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 |
Fair value hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 |
Fair value hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 5,172,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 |
Fair value hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 411,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 |
Fair value hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Exchange rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | 190,000,000 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Fx forward | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 9,722,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 | 3,191,000,000 |
Fair value hedges | Exchange rate risk | Fx forward | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 329,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 |
Fair value hedges | Exchange rate risk | Fx forward | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 4,090,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 | 1,855,000,000 |
Fair value hedges | Exchange rate risk | Fx forward | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 5,082,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 | 1,147,000,000 |
Fair value hedges | Exchange rate risk | Fx forward | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 | 172,000,000 |
Fair value hedges | Exchange rate risk | Fx forward | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 8,698,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 | 12,237,000,000 |
Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 | 924,000,000 |
Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 | 3,615,000,000 |
Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 | 639,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 3,933,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 | 4,503,000,000 |
Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,881,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 | 2,556,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 | 3,022,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 445,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 | 1,462,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 869,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 | 370,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 277,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 256,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | 20,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 7,552,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 | 9,195,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 | 479,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 1,432,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 | 2,153,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 437,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 | 604,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,043,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 | 3,793,000,000 |
Fair value hedges | Interest rate and exchange rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,625,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 | 2,166,000,000 |
Fair value hedges | Inflation risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 |
Fair value hedges | Inflation risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 |
Fair value hedges | Inflation risk | Call money swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | |||||||||||||||||||||||||||||||||
Fair value hedges | Credit risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 |
Fair value hedges | Credit risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 |
Fair value hedges | Credit risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
Fair value hedges | Credit risk | CDS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 258,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 | 54,000,000 |
Fair value hedges | Credit risk | CDS | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | CDS | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | CDS | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | CDS | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 |
Fair value hedges | Credit risk | CDS | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
Cash flow hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 135,439,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 | 118,400,000,000 |
Cash flow hedges | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 16,506,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 | 18,684,000,000 |
Cash flow hedges | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 5,912,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 | 6,994,000,000 |
Cash flow hedges | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 38,678,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 | 16,954,000,000 |
Cash flow hedges | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,119,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 | 62,947,000,000 |
Cash flow hedges | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,224,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 | 12,821,000,000 |
Cash flow hedges | Futures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 55,810,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 | 39,165,000,000 |
Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 13,023,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 | 2,079,000,000 |
Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,179,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 | 2,984,000,000 |
Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 13,011,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 | 7,530,000,000 |
Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,332,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 | 26,020,000,000 |
Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 1,265,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 | 552,000,000 |
Cash flow hedges | Interest rate risk | Future interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 |
Cash flow hedges | Interest rate risk | Future interest rate | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
Cash flow hedges | Interest rate risk | Future interest rate | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Future interest rate | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Future interest rate | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 | 125,000,000 |
Cash flow hedges | Interest rate risk | Future interest rate | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 21,492,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 | 33,956,000,000 |
Cash flow hedges | Interest rate risk | Interest rate swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 460,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 | 2,028,000,000 |
Cash flow hedges | Interest rate risk | Interest rate swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 864,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 | 2,161,000,000 |
Cash flow hedges | Interest rate risk | Interest rate swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 7,441,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 | 5,957,000,000 |
Cash flow hedges | Interest rate risk | Interest rate swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 12,585,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 | 23,593,000,000 |
Cash flow hedges | Interest rate risk | Interest rate swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 | 217,000,000 |
Cash flow hedges | Interest rate risk | Futures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | 21,655,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Futures | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | 12,304,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Futures | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Futures | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | 3,196,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Futures | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | 5,770,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Futures | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | 6,164,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | 398,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | 1,253,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | 3,925,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | 588,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,345,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 | 2,350,000,000 |
Cash flow hedges | Interest rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 259,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 | 446,000,000 |
Cash flow hedges | Interest rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 231,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 | 839,000,000 |
Cash flow hedges | Interest rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 966,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 | 730,000,000 |
Cash flow hedges | Interest rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 535,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 | 335,000,000 |
Cash flow hedges | Interest rate risk | Floor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 3,383,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 | 1,747,000,000 |
Cash flow hedges | Interest rate risk | Floor | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Floor | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Floor | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 | 175,000,000 |
Cash flow hedges | Interest rate risk | Floor | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,315,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
Cash flow hedges | Interest rate risk | Floor | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Fx forward | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | 985,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Fx forward | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Fx forward | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | 377,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Fx forward | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | 559,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Fx forward | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Fx forward | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 31,803,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 | 38,457,000,000 |
Cash flow hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 2,300,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 | 16,166,000,000 |
Cash flow hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 2,572,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 |
Cash flow hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 14,324,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 | 5,896,000,000 |
Cash flow hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 | 11,984,000,000 |
Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 |
Cash flow hedges | Exchange rate risk | Future interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 |
Cash flow hedges | Exchange rate risk | Future interest rate | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 | 4,946,000,000 |
Cash flow hedges | Exchange rate risk | Future interest rate | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Future interest rate | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Future interest rate | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Future interest rate | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 888,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 | 1,055,000,000 |
Cash flow hedges | Exchange rate risk | Interest rate swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 11,030,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 | 23,904,000,000 |
Cash flow hedges | Exchange rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 127,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 | 4,842,000,000 |
Cash flow hedges | Exchange rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 826,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 | 3,478,000,000 |
Cash flow hedges | Exchange rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 1,630,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 | 5,535,000,000 |
Cash flow hedges | Exchange rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 7,593,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 | 9,116,000,000 |
Cash flow hedges | Exchange rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 854,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 | 933,000,000 |
Cash flow hedges | Exchange rate risk | Floor | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Floor | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Floor | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Floor | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | 314,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Floor | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Floor | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Fx forward | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 10,595,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 | 3,283,000,000 |
Cash flow hedges | Exchange rate risk | Fx forward | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 2,173,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 | 1,423,000,000 |
Cash flow hedges | Exchange rate risk | Fx forward | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 1,746,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Fx forward | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 3,404,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 | 47,000,000 |
Cash flow hedges | Exchange rate risk | Fx forward | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 3,272,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 | 1,813,000,000 |
Cash flow hedges | Exchange rate risk | Fx forward | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | 4,955,000,000 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future FX and c/v term FV | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 38,938,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 | 34,383,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 9,221,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 | 2,921,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 20,782,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 | 21,930,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 7,541,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 | 9,524,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 7,347,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 | 12,572,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 1,917,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 | 898,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 2,880,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 | 8,456,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 2,550,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 | 3,210,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | 4,547,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | 1,751,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | 2,796,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 27,044,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 | 21,811,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 1,086,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 308,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 5,553,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 | 2,023,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 15,106,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 | 13,474,000,000 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 4,991,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 | 6,314,000,000 |
Cash flow hedges | Inflation risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 8,830,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 | 6,318,000,000 |
Cash flow hedges | Inflation risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 |
Cash flow hedges | Inflation risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 853,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 | 524,000,000 |
Cash flow hedges | Inflation risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 2,114,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 | 566,000,000 |
Cash flow hedges | Inflation risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 3,204,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 | 2,977,000,000 |
Cash flow hedges | Inflation risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 |
Cash flow hedges | Inflation risk | Call money swap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Call money swap | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Call money swap | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Call money swap | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | 89,000,000 | |||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Call money swap | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Currency swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 6,511,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 | 5,904,000,000 |
Cash flow hedges | Inflation risk | Currency swaps | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 97,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 | 439,000,000 |
Cash flow hedges | Inflation risk | Currency swaps | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 736,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 | 403,000,000 |
Cash flow hedges | Inflation risk | Currency swaps | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 909,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 | 410,000,000 |
Cash flow hedges | Inflation risk | Currency swaps | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,207,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 | 2,840,000,000 |
Cash flow hedges | Inflation risk | Currency swaps | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 2,562,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 | 1,812,000,000 |
Cash flow hedges | Inflation risk | Fx forward | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 2,230,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 | 414,000,000 |
Cash flow hedges | Inflation risk | Fx forward | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Inflation risk | Fx forward | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 | 121,000,000 |
Cash flow hedges | Inflation risk | Fx forward | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 1,205,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 | 156,000,000 |
Cash flow hedges | Inflation risk | Fx forward | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 908,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 |
Cash flow hedges | Inflation risk | Fx forward | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 |
Cash flow hedges | Equity risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 |
Cash flow hedges | Equity risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 |
Cash flow hedges | Equity risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Option | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 58,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 | 77,000,000 |
Cash flow hedges | Equity risk | Option | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Option | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Option | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 |
Cash flow hedges | Equity risk | Option | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 48,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 |
Cash flow hedges | Equity risk | Option | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term FV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Other risk | Future FX and c/v term RF | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedges of net investment in foreign operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 |
Hedges of net investment in foreign operations | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 |
Hedges of net investment in foreign operations | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 |
Hedges of net investment in foreign operations | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 |
Hedges of net investment in foreign operations | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 |
Hedges of net investment in foreign operations | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 24,477,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 | 21,688,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 2,735,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 | 555,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 4,191,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 | 777,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 14,192,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 | 11,067,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Grupo Santander UK | Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 110,854,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 | 94,288,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 5,118,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 | € 6,888,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 77.00% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% | 63.30% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | (41.00%) | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% | 151.30% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) | (22.30%) |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 6,822,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 | € 9,403,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% | 78.80% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 29.00% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% | 131.40% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 154.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% | 67.00% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 32,210,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 | € 16,333,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 88.00% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% | 105.70% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 221.00% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% | 133.70% |
Grupo Santander UK | Fair value hedges | Interest rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 199.00% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% | 91.10% |
Grupo Santander UK | Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 51,307,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 | € 44,166,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 133.00% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% | 158.60% |
Grupo Santander UK | Fair value hedges | Interest rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 136.00% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% | 268.40% |
Grupo Santander UK | Fair value hedges | Interest rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 269.00% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% | 108.50% |
Grupo Santander UK | Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 15,397,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 | € 17,498,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 300.00% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% | 284.90% |
Grupo Santander UK | Fair value hedges | Interest rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 236.00% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% | 217.90% |
Grupo Santander UK | Fair value hedges | Interest rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 456.00% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% | 126.10% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 2,019,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 | € 5,687,000,000 |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 | € 877,000,000 |
Average exchange rate | 0 | 0 | 0 | 1.580 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% | 361.50% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 887,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 | € 2,894,000,000 |
Average exchange rate | 0 | 1.511 | 0 | 1.332 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 238.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 394,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 | € 1,331,000,000 |
Average exchange rate | 1.178 | 0 | 1.183 | 1.511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 352.00% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% | 388.80% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% | 237.50% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 738,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 | € 585,000,000 |
Average exchange rate | 1.160 | 0 | 1.168 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 212.00% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% | 392.30% |
Grupo Santander UK | Fair value hedges | Interest rate and exchange rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% | 795.00% |
Grupo Santander UK | Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,729,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 | € 7,608,000,000 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 398,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 | € 1,917,000,000 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% | 72.60% |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 1,253,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 | € 2,225,000,000 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 82.00% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% | 73.30% |
Grupo Santander UK | Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 5,490,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 | € 3,466,000,000 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 146.00% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% | 133.40% |
Grupo Santander UK | Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 588,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Grupo Santander UK | Cash flow hedges | Interest rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Cash flow hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 15,322,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 | € 17,673,000,000 |
Grupo Santander UK | Cash flow hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | € 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | € 1,395,000,000 | € 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 1,395,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | € 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | € 4,378,000,000 | € 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 | 4,378,000,000 |
Average exchange rate | 0 | 0 | 1.286 | 0 | 0 | 1.304 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | € 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | € 2,491,000,000 | € 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,491,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | € 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | € 2,853,000,000 | € 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 | 2,853,000,000 |
Average exchange rate | 1.144 | 145.928 | 1.252 | 0 | 147.215 | 1.307 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | € 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | € 4,417,000,000 | € 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 4,417,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | € 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | € 3,310,000,000 | € 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 | 3,310,000,000 |
Average exchange rate | 1.117 | 143.086 | 1.293 | 1.280 | 146.372 | 1.310 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | € 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | € 7,019,000,000 | € 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,019,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | € 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | € 7,132,000,000 | € 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 | 7,132,000,000 |
Average exchange rate | 1.153 | 140.815 | 1.299 | 1.135 | 145.319 | 1.305 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | € 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | € 30,960,000,000 | € 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 30,960,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | € 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | € 33,642,000,000 | € 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 | 33,642,000,000 |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 954,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 1.274 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 249.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 7,626,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 | € 2,859,000,000 |
Average exchange rate | 1.169 | 1.536 | 1.252 | 1.633 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 216.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% | 234.00% |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 15,089,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 | € 21,288,000,000 |
Average exchange rate | 1.311 | 1.581 | 1.271 | 1.545 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 287.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% | 266.00% |
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 7,291,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 | € 9,495,000,000 |
Average exchange rate | 1.209 | 1.450 | 1.217 | 1.511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grupo Santander UK | Cash flow hedges | Interest rate and exchange rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 296.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% | 290.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 28,446,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 | € 36,602,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 8,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 | € 500,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 530.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% | 375.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 month | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 106,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 | € 665,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 241.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% | 63.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 1 to 3 months | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 1,406,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 | € 425,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% | 206.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 205.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% | 138.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | 3 to 12 months | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 16,707,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 | € 12,987,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 143.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 79.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% | 181.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 312.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% | 343.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 80.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% | 76.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | Between one and five years | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 10,219,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 | € 22,025,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 682.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% | 708.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% | 320.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% | 411.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 40.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% | 104.00% |
Banco Santander S.A. | Fair value hedges | Interest rate risk | More than five years | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 8,891,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 | € 2,596,000,000 |
Banco Santander S.A. | Fair value hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | € 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | € 211,000,000 | 211,000,000 | € 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | € 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | € 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 211,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 747.72 | 0 | 4.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | € 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | € 3,903,000,000 | 3,903,000,000 | € 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | € 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | € 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 3,903,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 | 1,825,000,000 |
Average exchange rate | 0.86 | 1.12 | 747.90 | 7.91 | 4.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | € 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | € 4,777,000,000 | 4,777,000,000 | € 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | € 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | € 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 4,777,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 | 771,000,000 |
Average exchange rate | 0.87 | 1.12 | 746.70 | 8.01 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | € 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | € 4,197,000,000 | 4,197,000,000 | € 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | € 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | € 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 4,197,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 | 3,656,000,000 |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 14,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0.0003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% | 613.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | Colombia, Pesos | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | HKD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 month | Norway, Krone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 289,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 | € 461,000,000 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.145 | 0 | 0 | 0 | 0.0003 | |||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% | 671.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | Colombia, Pesos | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | HKD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | Norway, Krone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 | € 120,000,000 |
Average exchange rate | 8.7185 | 130.4700 | 0.0003 | 0 | 0 | 0.0003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0003 | 0 | 0 | 0.269 | 0 | 0 | 0 | 0 | 0.0003 | |||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | 616.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 567.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | Colombia, Pesos | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | 754.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | HKD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 54.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | Norway, Krone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,599,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 | € 2,083,000,000 |
Average exchange rate | 8.7820 | 132.4608 | 0 | 25.4070 | 14.6960 | 0.0003 | 1.0924 | 0 | 1.4989 | 0 | 4.7271 | 0.0520 | 8.718 | 132.014 | 0 | 25.407 | 14.696 | 0 | 0 | 1.499 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 762.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% | 947.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | 485.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% | 400.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | Colombia, Pesos | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | HKD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 258.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% | 252.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 66.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% | 64.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | Norway, Krone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 949,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 | € 951,000,000 |
Average exchange rate | 0 | 125.8830 | 0 | 26.0300 | 0 | 0.0003 | 1.1053 | 0 | 1.5080 | 9.6060 | 0 | 0 | 0 | 125.883 | 0 | 26.030 | 0 | 0 | 0 | 1.499 | 9.606 | 0 | 0.0003 | |||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 722.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | 124.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 466.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% | 480.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | Colombia, Pesos | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | HKD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | Japan, Yen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% | 128.00% |
Banco Santander S.A. | Fair value hedges | Interest rate and exchange rate risk | More than five years | Norway, Krone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% | 361.00% |
Banco Santander S.A. | Fair value hedges | Credit risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 257,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 |
Banco Santander S.A. | Fair value hedges | Credit risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Banco Santander S.A. | Fair value hedges | Credit risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Banco Santander S.A. | Fair value hedges | Credit risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Banco Santander S.A. | Fair value hedges | Credit risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 244,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 |
Banco Santander S.A. | Fair value hedges | Credit risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 18,861,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 | 8,092,000,000 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | 11,626,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 | € 1,942,000,000 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | 1,792,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | 5,443,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 | € 6,130,000,000 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | 50.60% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 20,000,000 |
Banco Santander S.A. | Cash flow hedges | Interest rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | 55.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | 4,970,000,000 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | 4,410,000,000 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | 207,000,000 | |||||||||||||||||||||||||||||
Banco Santander S.A. | Hedges of net investment in foreign operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | 23,384,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 | € 20,746,000,000 |
Banco Santander S.A. | Hedges of net investment in foreign operations | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,592,000,000 | € 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | € 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | 2,592,000,000 | € 373,000,000 | € 373,000,000 | 373,000,000 | € 373,000,000 | 373,000,000 | 373,000,000 | € 373,000,000 | 373,000,000 | 373,000,000 | € 373,000,000 | 373,000,000 | 373,000,000 | € 373,000,000 | 373,000,000 | € 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 | 373,000,000 |
Average exchange rate | 4.37 | 4.59 | 0.89 | 0 | 23.49 | 0 | 822.13 | 0 | 4.46 | 0 | 0 | 22.98 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Hedges of net investment in foreign operations | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,838,000,000 | € 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | € 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | 3,838,000,000 | € 497,000,000 | € 497,000,000 | 497,000,000 | € 497,000,000 | 497,000,000 | 497,000,000 | € 497,000,000 | 497,000,000 | 497,000,000 | € 497,000,000 | 497,000,000 | 497,000,000 | € 497,000,000 | 497,000,000 | € 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 497,000,000 |
Average exchange rate | 4.38 | 4.74 | 0.91 | 0 | 23.10 | 10.77 | 822.32 | 0 | 0 | 0.91 | 3,728.01 | 0 | 766.01 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Hedges of net investment in foreign operations | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,595,000,000 | € 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | € 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | 13,595,000,000 | € 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | € 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 | 10,587,000,000 |
Average exchange rate | 4.39 | 4.74 | 0.94 | 3,828.61 | 23.27 | 10.87 | 811.64 | 4.38 | 4.46 | 0.89 | 3,685.80 | 24.51 | 768.25 | 8.14 | ||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Hedges of net investment in foreign operations | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,359,000,000 | € 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | € 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | 3,359,000,000 | € 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | € 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 | 9,289,000,000 |
Average exchange rate | 0 | 4.88 | 0 | 0 | 0 | 0 | 824.36 | 4.26 | 4.73 | 0 | 0 | 24.50 | 795.10 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. | Hedges of net investment in foreign operations | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | € 0 | € 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,394,000,000 | € 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | € 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | 9,394,000,000 | € 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | € 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 | 11,359,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 159,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 | € 253,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (16400000.00%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) | (19.70%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 month | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) | (65.90%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 1,394,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 | € 672,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (2700000.00%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) | (12.50%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | 1 to 3 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (70000000.00%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) | (69.60%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 2,154,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 | € 3,488,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (11900000.00%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | (3.60%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | 3 to 12 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (63000000.00%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) | (67.90%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 5,669,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 | € 6,883,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (11000000.00%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) | (6.50%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | Between one and five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56000000.00%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) | (56.10%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 18,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 | € 63,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (12300000.00%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) | (11.30%) |
Santander Consumer Group | Fair value hedges | Interest rate risk | More than five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Santander Consumer Group | Fair value hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 609,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 |
Santander Consumer Group | Fair value hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 118,000,000 | € 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | € 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | € 118,000,000 | € 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | € 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | € 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | € 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 |
Average exchange rate | 4,382,000 | 1,093,000 | 0 | 7,458,000 | 0 | 0 | 7,455,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 187,000,000 | € 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | € 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | € 187,000,000 | € 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | € 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | € 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | € 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 |
Average exchange rate | 4,302,000 | 1,096,000 | 10,687,000 | 7,465,000 | 1,138,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 304,000,000 | € 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | € 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | € 304,000,000 | € 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 304,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | € 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | € 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | € 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 | 376,000,000 |
Average exchange rate | 4,347,000 | 0 | 0 | 7,458,000 | 1,127,000 | 9,687,000 | 7,456,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 748,000,000 | € 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | € 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | € 748,000,000 | € 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 748,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | € 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | € 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | € 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 | 1,027,000,000 |
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 month | SEK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 month | DKK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 249,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 | € 240,000,000 |
Average exchange rate | 4,000 | 0 | 134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | SEK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | DKK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 746200000.00% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 | € 339,000,000 |
Average exchange rate | 0 | 104,000 | 134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | SEK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | |||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | DKK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 499,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 | € 448,000,000 |
Average exchange rate | 6,000 | 0 | 134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | SEK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | DKK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 744300000.00% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | More than five years | SEK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Santander Consumer Group | Fair value hedges | Interest rate and exchange rate risk | More than five years | DKK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Santander Consumer Group | Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 1,147,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 | € 920,000,000 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 54,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 | € 85,000,000 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 152,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 | € 99,000,000 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 379,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 | € 313,000,000 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% |
Santander Consumer Group | Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 562,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 21200000.00% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% | 18.30% |
Santander Consumer Group | Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Santander Consumer Group | Cash flow hedges | Interest rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Santander Consumer Group | Cash flow hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 1,318,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 | € 4,325,000,000 |
Santander Consumer Group | Cash flow hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | € 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | € 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | € 14,000,000 | € 14,000,000 | 14,000,000 | 14,000,000 | € 14,000,000 | 14,000,000 | 14,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 | 339,000,000 | € 339,000,000 | 339,000,000 | 339,000,000 |
Average exchange rate | 0 | 0 | 0 | 0 | 1,539,000,000 | 0 | 0 | 0 | 896,000 | 108,000 | 101,000 | 134,000 | 654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | € 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | € 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | € 25,000,000 | € 25,000,000 | 25,000,000 | 25,000,000 | € 25,000,000 | 25,000,000 | 25,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 | 557,000,000 | € 557,000,000 | 557,000,000 | 557,000,000 |
Average exchange rate | 0 | 0 | 0 | 0 | 1,500,000 | 0 | 0 | 0 | 859,000 | 108,000 | 98,000 | 134,000 | 658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | € 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | € 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | 254,000,000 | € 254,000,000 | € 254,000,000 | 254,000,000 | 254,000,000 | € 254,000,000 | 254,000,000 | 254,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | 2,368,000,000 | € 2,368,000,000 | 2,368,000,000 | 2,368,000,000 |
Average exchange rate | 131,960,000 | 1,094,000 | 10,461,000 | 7,474,000 | 1,528,000 | 234,000 | 8,000 | 897,000 | 870,000 | 108,000 | 99,000 | 134,000 | 652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | € 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | € 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | 953,000,000 | € 953,000,000 | € 953,000,000 | 953,000,000 | 953,000,000 | € 953,000,000 | 953,000,000 | 953,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | 1,061,000,000 | € 1,061,000,000 | 1,061,000,000 | 1,061,000,000 |
Average exchange rate | 123,116,000 | 1,121,000 | 10,529,000 | 0 | 1,491,000 | 233,000 | 8,000 | 0 | 900,000 | 108,000 | 99,000 | 0 | 656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | € 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | € 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | 72,000,000 | € 72,000,000 | € 72,000,000 | 72,000,000 | 72,000,000 | € 72,000,000 | 72,000,000 | 72,000,000 | € 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | € 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 10,456,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | € 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | € 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | € 1,782,000,000 | € 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | € 1,782,000,000 | 1,782,000,000 | 1,782,000,000 | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | € 130,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | 0 | 0 | 10,415,000 | 7,468,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 month | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | € 175,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | 1,085,000 | 9,241,000 | 10,362,000 | 7,466,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | € 1,025,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | 1,090,000 | 9,082,000 | 10,488,000 | 7,460,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | € 452,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 4,287,000 | 1,089,000 | 9,281,000 | 10,318,000 | 7,457,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | 41000000.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | 33000000.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Cash flow hedges | Interest rate and exchange rate risk | More than five years | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 1,092,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 | 943,000,000 | € 943,000,000 | 943,000,000 | 943,000,000 |
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | € 143,000,000 | 143,000,000 | € 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | € 181,000,000 | 181,000,000 | € 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 | 181,000,000 |
Average exchange rate | 0 | 9,920,000 | 0 | 103,751,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | € 352,000,000 | 352,000,000 | € 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 352,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | € 282,000,000 | 282,000,000 | € 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 | 282,000,000 |
Average exchange rate | 7,967,500 | 9,878,000 | 0 | 103,538,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | € 597,000,000 | 597,000,000 | € 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 597,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | € 480,000,000 | 480,000,000 | € 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 | 480,000,000 |
Average exchange rate | 0 | 10,186,000 | 121,796,000 | 102,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Santander Consumer Group | Hedges of net investment in foreign operations | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | € 2,703,000,000 | 2,703,000,000 | € 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 2,703,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | € 427,000,000 | 427,000,000 | € 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 | 427,000,000 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 month | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 500.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 140,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 1 to 3 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 847.50% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% | 518.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 174,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 | € 346,000,000 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | 3 to 12 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 842.00% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% | 690.70% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 121,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 | € 80,000,000 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | 146.50% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | Between one and five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 712.60% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% | 559.30% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 2,262,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate risk | More than five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 658.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,690,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 | € 1,332,000,000 |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 21.230 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 month | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 5,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average exchange rate | 0 | 0 | 0 | 13.300 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 393.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 66,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 | € 41,000,000 |
Average exchange rate | 0 | 4.680 | 0 | 0 | 0 | 5,059,000 | 0 | 13,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% | 800.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | 250.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 423,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 | € 282,000,000 |
Average exchange rate | 20.992 | 0 | 25.196 | 13.300 | 20,470,000 | 5,059,000 | 24,870,000 | 13,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 207.60% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% | 242.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 246.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% | 398.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,195,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 | € 1,009,000,000 |
Average exchange rate | 21.755 | 4.680 | 0 | 19.278 | 21,890,000 | 5,059,000 | 25,310,000 | 18,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 301.20% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% | 275.00% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 707.70% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% |
Banco Santander S.A. (Mexico) | Fair value hedges | Interest rate and exchange rate risk | More than five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | 450.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 1 month | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 1 to 3 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | 3 to 12 months | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 533,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 | € 178,000,000 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | Between one and five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 718.20% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% | 725.80% |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate risk | More than five years | MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | € 3,786,000,000 | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | 890,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 3.550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 4.320 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | 2,793,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | 5.210 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
Average exchange rate | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | 549,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 | € 4,337,000,000 |
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | € 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | 1,415,000,000 | € 1,415,000,000 | 1,415,000,000 | € 1,415,000,000 | € 1,415,000,000 |
Average exchange rate | 16.710 | 0 | 0 | 0 | 0 | 5,863,000 | 0 | 18,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 month | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 month | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | 151.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 month | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | € 133,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | € 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | € 44,000,000 | 44,000,000 | € 44,000,000 | € 44,000,000 |
Average exchange rate | 19.318 | 0 | 0 | 0 | 0 | 0 | 0 | 20,289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | 793.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | € 163,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | € 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | 56,000,000 | € 56,000,000 | 56,000,000 | € 56,000,000 | € 56,000,000 |
Average exchange rate | 0 | 0 | 23.130 | 16.220 | 16,679,000 | 5,732,000 | 0 | 17,918,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | 108.30% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | 262.80% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | € 208,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | € 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | 2,719,000,000 | € 2,719,000,000 | 2,719,000,000 | € 2,719,000,000 | € 2,719,000,000 |
Average exchange rate | 19.169 | 0 | 25.196 | 12.725 | 18,932,000 | 5,736,000 | 23,127,000 | 16,443,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | 675.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | 260.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | 344.10% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | € 43,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | € 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | 103,000,000 | € 103,000,000 | 103,000,000 | € 103,000,000 | € 103,000,000 |
Average exchange rate | 21.493 | 0 | 0 | 18.227 | 18,688,000 | 0 | 25,947,000 | 18,508,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | More than five years | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | More than five years | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | 15.10% | |||||||||||||||||||||||||||||
Banco Santander S.A. (Mexico) | Cash flow hedges | Interest rate and exchange rate risk | More than five years | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | 412.50% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | € 12,325,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | € 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | 7,620,000,000 | € 7,620,000,000 | 7,620,000,000 | € 7,620,000,000 | € 7,620,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 16,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 | € 668,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 1 month | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 792000000.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% | 950.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 | € 2,045,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 1 to 3 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% | 696.70% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 606,000,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | 3 to 12 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 925000000.00% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% | 693.70% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 6,065,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 | € 3,529,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | Between one and five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 688000000.00% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% | 1005.50% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 5,638,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 | € 1,378,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate risk | More than five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 4000000.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% | 1003.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 284,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 | € 411,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | € 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
Average exchange rate | $ / R$ | 0 | 3,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | € 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | € 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 |
Average exchange rate | $ / R$ | 3,730,000 | 3,303,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | € 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 90,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | € 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 |
Average exchange rate | $ / R$ | 3,750,000 | 3,551,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | € 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 193,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | € 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 | 316,000,000 |
Average exchange rate | $ / R$ | 3,830,000 | 3,642,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | € 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 | 38,000,000 |
Average exchange rate | $ / R$ | 0 | 3,265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | € 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 1 month | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 1 to 3 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | € 7,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | 3 to 12 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | 457000000.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | Between one and five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Fair value hedges | Interest rate and exchange rate risk | More than five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | € 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 | 10,023,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 | € 3,877,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 1 month | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 | € 2,997,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 1 to 3 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 | € 3,030,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | 3 to 12 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 772,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 | € 119,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | Between one and five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 450000000.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% | 650.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate risk | More than five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 9,290,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 | € 272,000,000 |
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | $ / R$ | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | € 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
Average exchange rate | $ / R$ | 0 | 3,716,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | € 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 9,290,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | € 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 |
Average exchange rate | $ / R$ | 4,570,000 | 3,648,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 |
Average exchange rate | $ / R$ | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 | € 238,000,000 |
Average exchange rate | $ / R$ | 0 | 3,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | € 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | 389,000,000 | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 1 month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 1 month | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 1 to 3 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | 3 to 12 months | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | € 389,000,000 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 4,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | Between one and five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | |||||||||||||||||||||||||||||
Average exchange rate | € / $ | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banco Santander (Brasil) S.A. And Other Group Companies In Brazil | Cash flow hedges | Interest rate and exchange rate risk | More than five years | BRL | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Hedging derivatives - Hedged ex
Hedging derivatives - Hedged exposures (Details) - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | € 136,028,000 | € 111,461,000 |
Carrying amount of hedged items - Liabilities | 60,487,000 | 46,830,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 2,768,000 | 1,925,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 2,298,000 | 1,765,000 |
Change in fair value of hedged item for ineffectiveness assessment | 1,379,000 | (452,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 522,000 | 447,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (79,000) | (10,000) |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets | 340,000 | 71,000 |
Fair value hedges | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 134,958,000 | 110,669,000 |
Carrying amount of hedged items - Liabilities | 60,487,000 | 46,830,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 2,768,000 | 1,915,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 2,298,000 | 1,765,000 |
Change in fair value of hedged item for ineffectiveness assessment | 1,583,000 | (20,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 122,560,000 | 104,393,000 |
Carrying amount of hedged items - Liabilities | 55,538,000 | 39,251,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 2,764,000 | 1,886,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 2,099,000 | 1,478,000 |
Change in fair value of hedged item for ineffectiveness assessment | 1,370,000 | (74,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 66,087,000 | 59,319,000 |
Carrying amount of hedged items - Liabilities | 8,814,000 | 1,370,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 1,584,000 | 1,021,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | (5,000) | (1,000) |
Change in fair value of hedged item for ineffectiveness assessment | 578,000 | (265,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 33,202,000 | 27,235,000 |
Carrying amount of hedged items - Liabilities | 24,145,000 | 21,759,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 1,150,000 | 792,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 1,302,000 | 791,000 |
Change in fair value of hedged item for ineffectiveness assessment | 825,000 | (35,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Repurchase Agreement | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 22,057,000 | 13,874,000 |
Carrying amount of hedged items - Liabilities | 589,000 | 561,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 27,000 | 25,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 18,000 | 16,000 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 18,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Loans of securities | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | |
Carrying amount of hedged items - Liabilities | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Fair value hedges | Interest rate risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 1,214,000 | 3,965,000 |
Carrying amount of hedged items - Liabilities | 4,531,000 | 232,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 3,000 | 48,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | (219,000) | 2,000 |
Change in fair value of hedged item for ineffectiveness assessment | 177,000 | 35,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Issuance assurance | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 0 |
Carrying amount of hedged items - Liabilities | 3,171,000 | 2,013,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 12,000 | 12,000 |
Change in fair value of hedged item for ineffectiveness assessment | (4,000) | 3,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 0 |
Carrying amount of hedged items - Liabilities | 14,288,000 | 13,316,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 991,000 | 658,000 |
Change in fair value of hedged item for ineffectiveness assessment | (206,000) | 170,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate risk | Equity instruments | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | |
Carrying amount of hedged items - Liabilities | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Fair value hedges | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 8,613,000 | 3,378,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 19,000 | 5,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 58,000 | (3,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 2,912,000 | 1,614,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 1,000 | 9,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 37,000 | 8,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 5,644,000 | 1,764,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 15,000 | (4,000) |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 18,000 | (11,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Exchange rate risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 57,000 | |
Carrying amount of hedged items - Liabilities | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 3,000 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 3,000 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Fair value hedges | Interest rate and exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 3,532,000 | 2,776,000 |
Carrying amount of hedged items - Liabilities | 4,949,000 | 7,474,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | (21,000) | 21,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 199,000 | 287,000 |
Change in fair value of hedged item for ineffectiveness assessment | 154,000 | 53,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 2,262,000 | 1,591,000 |
Carrying amount of hedged items - Liabilities | 3,366,000 | 3,571,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | (16,000) | 2,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 51,000 | 26,000 |
Change in fair value of hedged item for ineffectiveness assessment | 4,000 | (31,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Repurchase Agreement | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 810,000 | 434,000 |
Carrying amount of hedged items - Liabilities | 100,000 | 99,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | (5,000) | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | (2,000) | (1,000) |
Change in fair value of hedged item for ineffectiveness assessment | (2,000) | 1,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 0 |
Carrying amount of hedged items - Liabilities | 1,483,000 | 3,358,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 150,000 | 262,000 |
Change in fair value of hedged item for ineffectiveness assessment | 152,000 | 67,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | Borrowed deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 460,000 | 751,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 19,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 16,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | CLO | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | |
Carrying amount of hedged items - Liabilities | 446,000 | |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Fair value hedges | Inflation risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 68,000 |
Carrying amount of hedged items - Liabilities | 0 | 105,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 3,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (4,000) | 4,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Inflation risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 0 |
Carrying amount of hedged items - Liabilities | 0 | 105,000 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (1,000) | 1,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Inflation risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 0 | 68,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 3,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (3,000) | 3,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Credit risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 253,000 | 54,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 6,000 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 5,000 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Fair value hedges | Credit risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 253,000 | 54,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 6,000 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 5,000 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (204,000) | (432,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 522,000 | 447,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (79,000) | (10,000) |
Cash flow hedges | Interest rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (128,000) | (52,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 4,000 | 111,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (74,000) | (12,000) |
Cash flow hedges | Interest rate risk | Firm commitment | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 18,000 | (24,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | (11,000) | (75,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Interest rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 1,000 | (26,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | (5,000) | 47,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 14,000 | 0 |
Cash flow hedges | Interest rate risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (121,000) | 8,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 27,000 | 65,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (25,000) | (12,000) |
Cash flow hedges | Interest rate risk | Government class bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (24,000) | (13,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | (22,000) | 72,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (63,000) | 0 |
Cash flow hedges | Interest rate risk | Secondary market loans | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (2,000) | 4,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 3,000 | 2,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Interest rate risk | Senior securitization | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (1,000) | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Interest rate risk | Highly likely scheduled transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 12,000 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (32,000) | (416,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 130,000 | (23,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (4,000) | 2,000 |
Cash flow hedges | Exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (3,000) | 83,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 140,000 | (8,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (237,000) | (309,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 4,000 | (16,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (4,000) | 2,000 |
Cash flow hedges | Exchange rate risk | Issuance assurance | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | (3,000) | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Exchange rate risk | CLO | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 1,000 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Exchange rate risk | Secondary market loans | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 194,000 | (179,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | (9,000) | (21,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Exchange rate risk | Senior titulisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (11,000) | |
Cash flow hedge/currency translation reserve - Continuing hedges | 21,000 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Exchange rate risk | Senior securitization | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 15,000 | |
Cash flow hedge/currency translation reserve - Continuing hedges | (4,000) | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Exchange rate risk | Highly likely scheduled transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (1,000) | |
Cash flow hedge/currency translation reserve - Continuing hedges | 2,000 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Cash flow hedges | Interest rate and exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (169,000) | 4,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 510,000 | 341,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 54,000 | 7,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | (6,000) | 2,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 29,000 | (13,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | (25,000) | (9,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (252,000) | 10,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | 541,000 | 348,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Inflation risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 20,000 | 15,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | (22,000) | 22,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Inflation risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 23,000 | 25,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | (24,000) | 25,000 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Inflation risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | (3,000) | (3,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 2,000 | (3,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Inflation risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 0 | (7,000) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Equity risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 7,000 | 17,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | (2,000) | (4,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (1,000) | 0 |
Cash flow hedges | Equity risk | Highly likely scheduled transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 7,000 | 17,000 |
Cash flow hedge/currency translation reserve - Continuing hedges | (2,000) | (4,000) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (1,000) | 0 |
Cash flow hedges | Other risks | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 98,000 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | (98,000) | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Cash flow hedges | Other risks | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value of hedged item for ineffectiveness assessment | 98,000 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | (98,000) | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Hedges of net investment in foreign operations | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 1,070,000 | 792,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 10,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 1,070,000 | 792,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 10,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | Firm commitment | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 13,000 | |
Carrying amount of hedged items - Liabilities | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 0 | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | |
Hedges of net investment in foreign operations | Exchange rate risk | Equity instruments | ||
Disclosure of detailed information about hedged items [line items] | ||
Carrying amount of hedged items - Assets | 1,070,000 | 779,000 |
Carrying amount of hedged items - Liabilities | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets (macro and micro hedges) | 0 | 10,000 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities (macro and micro) | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | € 0 | € 0 |
Hedging derivatives - Net impac
Hedging derivatives - Net impact (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | € 8 | € 200 |
Ineffective coverage recognised in the income statement | (28) | 83 |
Reclassified amount of reserves to the income statement | (1,112) | 317 |
Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | |
Ineffective coverage recognised in the income statement | 0 | |
Reclassified amount of reserves to the income statement | 0 | |
Fair value hedges | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 58 | 75 |
Fair value hedges | Interest rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 5 | (18) |
Fair value hedges | Interest rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 7 | (24) |
Fair value hedges | Interest rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 5 | (61) |
Fair value hedges | Interest rate risk | Repurchase Agreement | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 1 | |
Fair value hedges | Interest rate risk | Loans of fixed-income securities | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 46 | |
Fair value hedges | Interest rate risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 12 | |
Fair value hedges | Interest rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (7) | 8 |
Fair value hedges | Interest rate risk | Equity instruments | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 0 | |
Fair value hedges | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (3) | |
Fair value hedges | Exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (1) | |
Fair value hedges | Exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (2) | |
Fair value hedges | Interest rate and exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 56 | 95 |
Fair value hedges | Interest rate and exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 1 | 39 |
Fair value hedges | Interest rate and exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 8 | |
Fair value hedges | Interest rate and exchange rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 55 | 49 |
Fair value hedges | Interest rate and exchange rate risk | CLO | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (1) | |
Fair value hedges | Inflation risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 0 | |
Fair value hedges | Inflation risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (1) | |
Fair value hedges | Inflation risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | 1 | |
Fair value hedges | Other risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Ineffective coverage recognised in the income statement | (2) | |
Cash flow hedges | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 8 | 200 |
Ineffective coverage recognised in the income statement | (86) | 8 |
Reclassified amount of reserves to the income statement | (1,112) | 317 |
Cash flow hedges | Interest rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (263) | 193 |
Ineffective coverage recognised in the income statement | 1 | (4) |
Reclassified amount of reserves to the income statement | 8 | 57 |
Cash flow hedges | Interest rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (37) | 50 |
Ineffective coverage recognised in the income statement | 0 | (21) |
Reclassified amount of reserves to the income statement | 7 | 16 |
Cash flow hedges | Interest rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (254) | 104 |
Ineffective coverage recognised in the income statement | 0 | 2 |
Reclassified amount of reserves to the income statement | (26) | 15 |
Cash flow hedges | Interest rate risk | Firm commitment | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 65 | (2) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | (37) | (24) |
Cash flow hedges | Interest rate risk | Secondary market loans | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (1) | 85 |
Ineffective coverage recognised in the income statement | 0 | 16 |
Reclassified amount of reserves to the income statement | 3 | 47 |
Cash flow hedges | Interest rate risk | Repurchase Agreement | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (46) | |
Ineffective coverage recognised in the income statement | 0 | |
Reclassified amount of reserves to the income statement | 0 | |
Cash flow hedges | Interest rate risk | Liquidity facilities | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (48) | 2 |
Ineffective coverage recognised in the income statement | 1 | 0 |
Reclassified amount of reserves to the income statement | 61 | 3 |
Cash flow hedges | Interest rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | |
Ineffective coverage recognised in the income statement | (1) | |
Reclassified amount of reserves to the income statement | 0 | |
Cash flow hedges | Interest rate risk | Highly probable planned transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 12 | |
Ineffective coverage recognised in the income statement | 0 | |
Reclassified amount of reserves to the income statement | 0 | |
Cash flow hedges | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 145 | (20) |
Ineffective coverage recognised in the income statement | (34) | (688) |
Reclassified amount of reserves to the income statement | (364) | (631) |
Cash flow hedges | Exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 148 | (25) |
Ineffective coverage recognised in the income statement | (31) | (698) |
Reclassified amount of reserves to the income statement | (39) | (563) |
Cash flow hedges | Exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 11 | |
Ineffective coverage recognised in the income statement | 0 | |
Reclassified amount of reserves to the income statement | 154 | |
Cash flow hedges | Exchange rate risk | Secondary market loans | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 12 | 5 |
Ineffective coverage recognised in the income statement | 2 | 4 |
Reclassified amount of reserves to the income statement | 8 | (75) |
Cash flow hedges | Exchange rate risk | Asset bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (25) | |
Ineffective coverage recognised in the income statement | 43 | |
Reclassified amount of reserves to the income statement | (168) | |
Cash flow hedges | Exchange rate risk | Repurchase Agreement | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | 0 |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | (4) | 0 |
Cash flow hedges | Exchange rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (27) | 24 |
Ineffective coverage recognised in the income statement | (4) | (37) |
Reclassified amount of reserves to the income statement | (166) | 150 |
Cash flow hedges | Exchange rate risk | CLO | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (1) | 1 |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | (13) | 25 |
Cash flow hedges | Exchange rate risk | Highly probable planned transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 2 | |
Ineffective coverage recognised in the income statement | (1) | |
Reclassified amount of reserves to the income statement | (304) | |
Cash flow hedges | Interest rate and exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 168 | 45 |
Ineffective coverage recognised in the income statement | (53) | 700 |
Reclassified amount of reserves to the income statement | (769) | 887 |
Cash flow hedges | Interest rate and exchange rate risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (8) | 1 |
Ineffective coverage recognised in the income statement | 0 | 743 |
Reclassified amount of reserves to the income statement | (10) | 35 |
Cash flow hedges | Interest rate and exchange rate risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (16) | (4) |
Ineffective coverage recognised in the income statement | (4) | 447 |
Reclassified amount of reserves to the income statement | 57 | 581 |
Cash flow hedges | Interest rate and exchange rate risk | Securitisation | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 192 | 48 |
Ineffective coverage recognised in the income statement | (49) | (490) |
Reclassified amount of reserves to the income statement | (816) | 271 |
Cash flow hedges | Inflation risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (44) | 11 |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 13 | 4 |
Cash flow hedges | Inflation risk | Deposits | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (49) | 14 |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 9 | 3 |
Cash flow hedges | Inflation risk | Asset bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 5 | (3) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 4 | 1 |
Cash flow hedges | Equity risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 2 | (8) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 |
Cash flow hedges | Equity risk | Highly probable planned transactions | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 2 | (8) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 |
Cash flow hedges | Other risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | (21) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 |
Cash flow hedges | Other risk | Bonds | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | (21) |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 |
Hedges of net investment in foreign operations | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | 0 |
Ineffective coverage recognised in the income statement | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | € 0 |
Hedges of net investment in foreign operations | Exchange rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | |
Ineffective coverage recognised in the income statement | 0 | |
Reclassified amount of reserves to the income statement | € 0 |
Hedging derivatives - Reconcili
Hedging derivatives - Reconciliation of components of equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedged items [line items] | |||
Balance at beginning of period | € 277 | € 152 | |
Earnings (losses) recognized in other comprehensive income | 8 | 200 | |
Amounts transferred to income statements | 1,112 | (317) | |
Taxes | (17) | (50) | € 108 |
Balance at end of period | 300 | 277 | € 152 |
Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 0 | ||
Amounts transferred to income statements | 0 | ||
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 8 | 200 | |
Amounts transferred to income statements | 1,112 | (317) | |
Minorities | 32 | (25) | |
Taxes | (17) | (50) | |
Cash flow hedges | Interest Rate Risk Including Other Risks | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (263) | 172 | |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (263) | 193 | |
Amounts transferred to income statements | (8) | (57) | |
Other reclassifications | (255) | 229 | |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 145 | (20) | |
Amounts transferred to income statements | 364 | 631 | |
Other reclassifications | (219) | (651) | |
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 168 | 45 | |
Amounts transferred to income statements | 769 | (887) | |
Other reclassifications | (601) | 932 | |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (44) | 11 | |
Amounts transferred to income statements | (13) | (4) | |
Other reclassifications | (31) | 15 | |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 2 | (8) | |
Amounts transferred to income statements | 0 | 0 | |
Other reclassifications | 2 | (8) | |
Cash flow hedges | Other risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 0 | (21) | |
Amounts transferred to income statements | 0 | 0 | |
Other reclassifications | 0 | 0 | |
Liabilities, Excluding Bonds | Cash flow hedges | Other risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | € 0 | € 0 |
Interest income (Details)
Interest income (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Interest income. | ||||
Loans and advances - Central banks | € 1,314 | € 1,320 | € 1,881 | |
Loans and advances - Credit institutions | 1,785 | 1,555 | 1,840 | |
Debt instruments | 6,378 | 6,429 | 7,141 | |
Loans and advances - Customers | 46,180 | 43,489 | 43,640 | |
Other interest income | 1,128 | 1,532 | 1,539 | |
Total interest income | € 56,785 | € 54,325 | [1] | € 56,041 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Interest expense (Details)
Interest expense (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Interest expense. | ||||
Central banks deposits | € 468 | € 421 | € 216 | |
Credit institution deposits | 2,576 | 2,588 | 2,037 | |
Customer deposits | 10,137 | 9,062 | 11,074 | |
Debt securities issued and Subordinated liabilities | 6,679 | 6,073 | 6,651 | |
Marketable debt securities | 6,034 | 5,303 | 5,685 | |
Subordinated liabilities | 645 | 770 | 966 | |
Provisions for pensions | 145 | 186 | 198 | |
Lease liabilities | 273 | 9 | 8 | |
Other interest expense | 1,224 | 1,645 | 1,561 | |
Interest expense | € 21,502 | € 19,984 | [1] | € 21,745 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Dividend income (Details)
Dividend income (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of financial assets [line items] | ||||
Dividend income | € 533 | € 370 | [1] | € 384 |
Financial assets held for trading, category | ||||
Disclosure of financial assets [line items] | ||||
Dividend income | 388 | 241 | 234 | |
Non-trading financial assets mandatory at fair value through profit or loss | ||||
Disclosure of financial assets [line items] | ||||
Dividend income | 34 | 23 | ||
Financial assets available for sale, category | ||||
Disclosure of financial assets [line items] | ||||
Dividend income | € 150 | |||
Financial assets at fair value through other comprehensive income, category | ||||
Disclosure of financial assets [line items] | ||||
Dividend income | € 111 | € 106 | ||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Income from companies account_3
Income from companies accounted for using the equity method (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | € 324 | € 737 | [1] | € 704 |
Zurich Santander Insurance America S.L. | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | 197 | 194 | 241 | |
Wizink Bank, S.A. | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | 0 | 56 | 36 | |
Allianz Popular, S.L. | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | 30 | 45 | 15 | |
SAM Investment Holdings Limited | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | 0 | 0 | 87 | |
Project Quasar Investments 2017, S.L. | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | (350) | 0 | 0 | |
Other Companies | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | 422 | 421 | 306 | |
Companhia de Credito, Financiamento e Investimento RCI Brasil | ||||
Disclosure of associates [line items] | ||||
Income from companies accounted for using the equity method | € 25 | € 21 | € 19 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Commission income (Details)
Commission income (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Collection and payment services: | ||||
Bills | € 328 | € 334 | € 368 | |
Demand accounts | 1,382 | 1,371 | 1,490 | |
Cards | 3,858 | 3,514 | 3,515 | |
Orders | 478 | 475 | 449 | |
Cheques and other | 155 | 138 | 154 | |
Total collection and payment services | 6,201 | 5,832 | 5,976 | |
Marketing of non-banking financial products: | ||||
Investment funds | 943 | 1,024 | 751 | |
Pension funds | 180 | 124 | 92 | |
Insurance | 2,631 | 2,433 | 2,517 | |
Total marketing of non-banking financial products | 3,754 | 3,581 | 3,360 | |
Securities services: | ||||
Securities underwriting and placement | 364 | 283 | 374 | |
Securities trading | 281 | 251 | 302 | |
Administration and custody | 485 | 458 | 359 | |
Asset management | 293 | 305 | 251 | |
Total securities services | 1,423 | 1,297 | 1,286 | |
Other: | ||||
Foreign exchange | 612 | 546 | 471 | |
Financial guarantees | 521 | 549 | 559 | |
Commitment fees | 293 | 291 | 283 | |
Other fees and commissions | 2,545 | 2,568 | 2,644 | |
Total other | 3,971 | 3,954 | 3,957 | |
Total commission income | € 15,349 | € 14,664 | [1] | € 14,579 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Commission expense (Details)
Commission expense (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Fee and commission expense [abstract] | ||||
Commissions assigned to third parties | € 2,350 | € 1,972 | € 1,831 | |
Cards | 1,616 | 1,358 | 1,391 | |
By collection and return of effects | 12 | 11 | 12 | |
Other fees assigned | 722 | 603 | 428 | |
Other commissions paid | 1,220 | 1,207 | 1,151 | |
Brokerage fees on lending and deposit transactions | 27 | 42 | 49 | |
Sales of insurance and pension funds | 232 | 232 | 205 | |
Other fees and commissions | 961 | 933 | 897 | |
Total commission expense | € 3,570 | € 3,179 | [1] | € 2,982 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Gains or losses on financial _3
Gains or losses on financial assets and liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Financial instruments | ||||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | € 1,136 | € 604 | [1] | € 404 |
Gains (losses) on financial assets at amortised cost | 308 | 39 | ||
Other financial assets and liabilities | 828 | 565 | [1] | |
Gains (losses) on available-for-sale financial assets | 472 | |||
Gains or losses on financial assets and liabilities held for trading, net | 1,349 | 1,515 | [1] | 1,252 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 292 | 331 | [1] | |
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | (286) | (57) | [1] | (85) |
Gain or losses from hedge accounting, net | (28) | 83 | [1] | (11) |
Gains/losses on financial assets and liabilities, net | 2,463 | 2,476 | 1,560 | |
Exchange differences, net | (932) | (679) | [1] | 105 |
Debt instruments | ||||
Financial instruments | ||||
Other financial assets and liabilities | € 804 | € 563 | ||
Gains (losses) on available-for-sale financial assets | 316 | |||
Equity instruments | ||||
Financial instruments | ||||
Gains (losses) on available-for-sale financial assets | € 156 | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Gains or losses on financial _4
Gains or losses on financial assets and liabilities - Financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments | |||
Financial assets at fair value through profit or loss | € 175,210 | € 161,069 | € 160,240 |
Maximum exposure to credit risk | 943,903 | 993,412 | |
Loans and advances | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 59,624 | 56,323 | 40,875 |
Loans and advances - Central banks | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 6,473 | 9,226 | 0 |
Loans and advances - Credit institutions | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 21,649 | 23,099 | 11,585 |
Loans and advances - Customers | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 31,502 | 23,998 | 29,290 |
Loans and advances - credit institutions and customers | |||
Financial instruments | |||
Reverse repurchase agreements | 39,555 | ||
Mortgage backed assets | 1,882 | ||
Debt instruments | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 36,402 | 36,609 | 39,836 |
Spanish and foreign government securities | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 29,941 | ||
Equity instruments | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 15,787 | 12,198 | 22,286 |
Derivatives | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 63,397 | € 55,939 | € 57,243 |
Maximum exposure to credit risk | € 32,552 |
Gains or losses on financial _5
Gains or losses on financial assets and liabilities - Financial liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Financial instruments | |||
Financial liabilities at fair value | € 138,134 | € 138,401 | € 167,240 |
Liabilities designated at fair value through profit or loss at initial recognition recognised in other comprehensive income | 26 | 32 | |
Deposits | |||
Financial instruments | |||
Financial liabilities at fair value | 57,111 | 65,304 | 84,724 |
Deposits - Central banks | |||
Financial instruments | |||
Financial liabilities at fair value | 12,854 | 14,816 | 9,142 |
Deposits - Credit institutions | |||
Financial instruments | |||
Financial liabilities at fair value | 9,340 | 10,891 | 18,458 |
Deposits - Customers | |||
Financial instruments | |||
Financial liabilities at fair value | 34,917 | 39,597 | 57,124 |
Marketable debt securities | |||
Financial instruments | |||
Financial liabilities at fair value | 3,758 | 2,305 | 3,056 |
Short positions | |||
Financial instruments | |||
Financial liabilities at fair value | 14,123 | 15,002 | 20,979 |
Derivatives | |||
Financial instruments | |||
Financial liabilities at fair value | 63,016 | 55,341 | 57,892 |
Other financial liabilities | |||
Financial instruments | |||
Financial liabilities at fair value | € 126 | € 449 | € 589 |
Other operating income and ex_3
Other operating income and expenses (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of types of insurance contracts [line items] | ||||
Insurance activity | € 120 | € 51 | € 57 | |
Income from insurance and reinsurance contracts issued | 2,534 | 3,175 | [1] | 2,546 |
Expenses of insurance and reinsurance contracts | (2,414) | (3,124) | [1] | (2,489) |
Other operating income | 1,797 | 1,643 | [1] | 1,618 |
Non-financial services | 379 | 367 | 472 | |
Other operating income | 1,418 | 1,276 | 1,146 | |
Other operating expense | (2,138) | (2,000) | [1] | (1,966) |
Non-financial services | (351) | (270) | (302) | |
Other operating expense: | (1,787) | (1,730) | (1,664) | |
Of which, Deposit Guarantee Fund | (911) | (895) | (848) | |
Total other operating income and expenses | (221) | (306) | (291) | |
Life insurance | ||||
Disclosure of types of insurance contracts [line items] | ||||
Expenses of insurance and reinsurance contracts | (2,183) | (2,883) | (2,249) | |
Insurance and reinsurance | ||||
Disclosure of types of insurance contracts [line items] | ||||
Income from insurance and reinsurance contracts issued | 2,404 | 3,011 | 2,350 | |
Reinsurance | ||||
Disclosure of types of insurance contracts [line items] | ||||
Income from insurance and reinsurance contracts issued | 130 | 164 | 196 | |
Expenses of insurance and reinsurance contracts | € (231) | € (241) | € (240) | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Staff costs - Breakdown (Detail
Staff costs - Breakdown (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Average headcount and number of offices | ||||
Wages and salaries | € 9,020 | € 8,824 | € 8,879 | |
Social security costs | 1,426 | 1,412 | 1,440 | |
Additions to provisions for defined benefit pension plans (Note 25) | 72 | 84 | 88 | |
Contributions to defined contribution pension funds | 292 | 287 | 271 | |
Other personnel expenses | 1,331 | 1,258 | 1,369 | |
Total personnel expenses | € 12,141 | € 11,865 | [1] | € 12,047 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Staff costs - Headcount (Detail
Staff costs - Headcount (Details) | 12 Months Ended | ||
Dec. 31, 2019employee | Dec. 31, 2018employee€ / $ | Dec. 31, 2017employee€ / $ | |
Number of employees | |||
Average number of employees | 201,114 | 201,829 | 195,732 |
Number of persons | 196,419 | 202,713 | 202,251 |
Average number of employees with disabilities | 3,584 | ||
Banco Santander S.A. | |||
Number of employees | |||
Average number of employees with disabilities | 318 | 241 | 209 |
Threshold degree of disability (as a percent) | 33.00% | 33.00% | |
Number of employees with disabilities at end of period | 295 | 304 | 211 |
The Bank Personnel | |||
Number of employees | |||
Average number of employees | 29,167 | 30,421 | 21,391 |
The Bank Senior management | |||
Number of employees | |||
Average number of employees | 20 | 22 | 64 |
The Bank Other line personnel | |||
Number of employees | |||
Average number of employees | 29,147 | 30,399 | 21,327 |
The Bank Clerical staff | |||
Number of employees | |||
Average number of employees | 0 | 0 | 0 |
The Bank General services personnel | |||
Number of employees | |||
Average number of employees | 0 | 0 | 0 |
Rest of Spain | |||
Number of employees | |||
Average number of employees | 8,269 | 7,944 | 12,703 |
Santander UK plc | |||
Number of employees | |||
Average number of employees | 17,961 | 18,757 | 19,079 |
Banco Santander (Brasil) S.A | |||
Number of employees | |||
Average number of employees | 47,253 | 46,645 | 46,210 |
Other Companies | |||
Number of employees | |||
Average number of employees | 98,464 | 98,062 | 96,349 |
Senior executives/management | |||
Number of employees | |||
Number of employees - men | 1,560 | ||
Number of employees - women | 457 | ||
Percentage of employees - men | 100.00% | ||
Percentage of employees - women | 100.00% | ||
Average number of employees with disabilities | 6 | ||
Other executives | |||
Number of employees | |||
Number of employees - men | 11,734 | ||
Number of employees - women | 6,906 | ||
Percentage of employees - men | 100.00% | ||
Percentage of employees - women | 100.00% | ||
Other personnel | |||
Number of employees | |||
Number of employees - men | 75,613 | ||
Number of employees - women | 100,149 | ||
Percentage of employees - men | 100.00% | ||
Percentage of employees - women | 100.00% | ||
Other management | |||
Number of employees | |||
Average number of employees with disabilities | 92 | ||
Other staff | |||
Number of employees | |||
Average number of employees with disabilities | 3,486 | ||
SPAIN | |||
Number of employees | |||
Average number of employees with disabilities | 3,436 | 3,289 | |
Threshold degree of disability (as a percent) | 33.00% | ||
Abroad | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 543 | ||
Number of employees - women | 143 | ||
Percentage of employees - men | 35.00% | ||
Percentage of employees - women | 31.00% | ||
Abroad | Other executives | |||
Number of employees | |||
Number of employees - men | 4,615 | ||
Number of employees - women | 2,876 | ||
Percentage of employees - men | 39.00% | ||
Percentage of employees - women | 42.00% | ||
Abroad | Other personnel | |||
Number of employees | |||
Number of employees - men | 42,626 | ||
Number of employees - women | 51,388 | ||
Percentage of employees - men | 56.00% | ||
Percentage of employees - women | 56.00% | ||
Continental Europe | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 918 | ||
Number of employees - women | 283 | ||
Percentage of employees - men | 59.00% | ||
Percentage of employees - women | 62.00% | ||
Continental Europe | Other executives | |||
Number of employees | |||
Number of employees - men | 6,043 | ||
Number of employees - women | 3,534 | ||
Percentage of employees - men | 51.00% | ||
Percentage of employees - women | 51.00% | ||
Continental Europe | Other personnel | |||
Number of employees | |||
Number of employees - men | 24,117 | ||
Number of employees - women | 30,370 | ||
Percentage of employees - men | 32.00% | ||
Percentage of employees - women | 30.00% | ||
UK | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 99 | ||
Number of employees - women | 31 | ||
Percentage of employees - men | 6.00% | ||
Percentage of employees - women | 7.00% | ||
UK | Other executives | |||
Number of employees | |||
Number of employees - men | 1,076 | ||
Number of employees - women | 496 | ||
Percentage of employees - men | 9.00% | ||
Percentage of employees - women | 7.00% | ||
UK | Other personnel | |||
Number of employees | |||
Number of employees - men | 8,870 | ||
Number of employees - women | 13,391 | ||
Percentage of employees - men | 12.00% | ||
Percentage of employees - women | 13.00% |
Staff costs - Deferred conditio
Staff costs - Deferred conditional plans (Details) - EUR (€) € in Millions | 12 Months Ended | 60 Months Ended |
Dec. 31, 2019 | Dec. 31, 2015 | |
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Deferred And Conditional Variable Remuneration Plan | Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Benchmark bonus 300 or less - percentage deferred | 0.00% | |
Benchmark bonus 300 to 600 - percentage deferred | 20.00% | |
Benchmark bonus more than 600 - percentage deferred | 30.00% | |
Deferred conditional variable remuneration plan | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Bonus paid in cash - (as a percent) | 50.00% | |
Bonus paid in shares - (as a percent) | 50.00% | |
Deferred percentage | 60.00% | |
Deferred Conditional Variable Remuneration Plan Fourth and Fifth Cycles 2014 and 2015 | Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | € 2.6 | |
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Deferred Conditional Variable Remuneration Plan Fourth and Fifth Cycles 2014 and 2015 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Immediate payment percentage | 50.00% | |
Deferred percentage | 50.00% | |
Deferred Conditional Variable Remuneration Plan Fourth and Fifth Cycles 2014 and 2015 | Other Beneficiaries | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Immediate payment percentage | 60.00% | |
Deferred percentage | 40.00% | |
Deferred Conditional Variable Remuneration Plan Fourth Cycle 2014 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Deferred Conditional Variable Remuneration Plan Fourth Cycle 2014 | Other Beneficiaries | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Deferred Conditional Variable Remuneration Plan Fifth Cycle 2015 | Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Deferred Conditional Variable Remuneration Plan Fifth Cycle 2015 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Deferred Conditional Variable Remuneration Plan Sixth Cycle 2016 | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Immediate payment percentage | 60.00% | |
Deferred percentage | 40.00% | |
Deferred Conditional Variable Remuneration Plan Sixth Cycle 2016 | Other Beneficiaries | ||
Share-based payment arrangement | ||
Immediate payment percentage | 60.00% | |
Deferred percentage | 40.00% | |
Deferred Conditional Variable Remuneration Plan Seventh, Eighth, and Ninth Cycles 2017, 2018, and 2019 | Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Gross variable remuneration benchmark threshold | € 2.7 | |
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Deferred Conditional Variable Remuneration Plan Seventh, Eighth, and Ninth Cycles 2017, 2018, and 2019 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 5 years | |
Immediate payment percentage | 50.00% | |
Deferred percentage | 50.00% | |
Deferred Conditional Variable Remuneration Plan Seventh, Eighth, and Ninth Cycles 2017, 2018, and 2019 | Other Beneficiaries | ||
Share-based payment arrangement | ||
Variable Remuneration or bonus deferral period | 3 years | |
Immediate payment percentage | 60.00% | |
Deferred percentage | 40.00% | |
Minimum | Deferred And Conditional Variable Remuneration Plan | Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | € 0.3 | |
Minimum | Deferred Conditional Variable Remuneration Plan Fourth Cycle 2014 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | 1.7 | |
Minimum | Deferred Conditional Variable Remuneration Plan Fifth Cycle 2015 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | 1.8 | |
Minimum | Deferred Conditional Variable Remuneration Plan Seventh, Eighth, and Ninth Cycles 2017, 2018, and 2019 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | 1.7 | |
Maximum | Deferred Conditional Variable Remuneration Plan Fourth and Fifth Cycles 2014 and 2015 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | 2.6 | |
Maximum | Deferred Conditional Variable Remuneration Plan Seventh, Eighth, and Ninth Cycles 2017, 2018, and 2019 | Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | ||
Share-based payment arrangement | ||
Gross variable remuneration benchmark threshold | € 2.7 |
Staff costs - Performance share
Staff costs - Performance share plan (Details) - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2017 | |
Share-based payment arrangement | ||
Plan achievement percentage | 65.67% | |
Performance Share Plan First Cycle 2014 [Member] | ||
Share-based payment arrangement | ||
Number of benchmark group credit institutions | 15 | |
Performance Share Plan Second Cycle 2015 | ||
Share-based payment arrangement | ||
Maximum number of shares to which a beneficiary is entitled (as a percent) | 20.00% | |
Number of benchmark group credit institutions | 17 |
Staff costs - Deferred multiyea
Staff costs - Deferred multiyear objectives variable plan (Details) € in Millions | 12 Months Ended | 60 Months Ended | |
Dec. 31, 2019EUR (€)companyitem | Dec. 31, 2017period | Dec. 31, 2015 | |
Share-based payment arrangement | |||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Variable Remuneration or bonus deferral period | 5 years | ||
Deferred variable compensation plan linked to multiannual objectives | |||
Share-based payment arrangement | |||
Bonus paid in cash - (as a percent) | 50.00% | ||
Bonus paid in shares - (as a percent) | 50.00% | ||
Number of trading sessions | period | 15 | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | 5 years | 5 years |
Number of credit institutions included in reference group | company | 17 | ||
Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | |||
Share-based payment arrangement | |||
Immediate payment percentage | 60.00% | ||
Deferred percentage | 40.00% | ||
Deferred Multiyear Objectives Variable Remuneration Plan Second And Third Cycles [Member] | |||
Share-based payment arrangement | |||
Number of credit institutions included in reference group | item | 17 | ||
Executive Directors And Members Of Identified Staff With Total Variable Remuneration Specified Amount | Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Variable Remuneration or bonus deferral period | 5 years | ||
Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | |||
Share-based payment arrangement | |||
Immediate payment percentage | 50.00% | ||
Deferred percentage | 50.00% | ||
Variable Remuneration or bonus deferral period | 5 years | ||
Percentage of capital necessary | 1.00% | ||
Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | Minimum | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 1.7 | ||
Division Managers Country Heads Other Executives And Identified Staff With Total Variable Remuneration Specified Amount | Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | Maximum | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Other Beneficiaries | Deferred Multiyear Objectives Variable Remuneration Plan First Cycle 2016 [Member] | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years |
Staff costs - Santander UK plc
Staff costs - Santander UK plc (Details) | 12 Months Ended | ||||
Dec. 31, 2019EUR (€)Argentian_peso / €item€ / £contract | Dec. 31, 2018EUR (€)Argentian_peso / €item€ / £contract | Dec. 31, 2017EUR (€)item€ / £contract | Dec. 31, 2008GBP (£)item | Dec. 31, 2016€ / £ | |
Share-based payment arrangement | |||||
Exchange rate | Argentian_peso / € | 67.26 | 43.12 | |||
Santander UK plc | Sharesave plan | |||||
Share-based payment arrangement | |||||
Number of shares outstanding, beginning of period | 27,201,000 | 28,916,000 | 24,762,000 | ||
Options granted | 6,210,000 | 3,916,000 | 17,296,000 | ||
Options exercised | (3,340,000) | (1,918,000) | (338,000) | ||
Options cancelled (net) or not exercised | (3,233,000) | (3,713,000) | (12,804,000) | ||
Number of share options outstanding, end of period | 26,838,000 | 27,201,000 | 28,916,000 | ||
Weighted average exercise price of share options granted in share-based payment arrangement | € | € 3.46 | € 4.02 | € 4.91 | ||
Exercise price of share options exercised in share-based payment arrangement | € | 3.16 | 3.77 | 3.67 | ||
Exercise price of share options cancelled in share-based payment arrangement | € | € 3.76 | € 3.40 | € 3.51 | ||
Number of persons | contract | 4,880 | 4,260 | 7,024 | ||
Exchange rate | € / £ | 1.17536 | 1.11791 | 1.12710 | 1.16798 | |
Minimum number of accounts/contracts per employee | contract | 1 | ||||
Percentage employees may reduce the average purchase and sale prices of shares under the Sharesave Scheme | 20.00% | ||||
Number of trading sessions | 3 | ||||
Santander UK plc | Minimum | Sharesave plan | |||||
Share-based payment arrangement | |||||
Employee contributions deducted from their net monthly pay | £ | £ 5 | ||||
Period of time the employee contributions are deducted from their net monthly pay for the voluntary Sharesave Scheme | 3 years | ||||
Period for approval of the Sharesave Scheme by UK tax authorities | 21 days | ||||
Santander UK plc | Maximum | Sharesave plan | |||||
Share-based payment arrangement | |||||
Employee contributions deducted from their net monthly pay | £ | £ 500 | ||||
Period of time the employee contributions are deducted from their net monthly pay for the voluntary Sharesave Scheme | 5 years | ||||
Period for approval of the Sharesave Scheme by UK tax authorities | 41 days |
Staff costs - Fair value (Detai
Staff costs - Fair value (Details) | 12 Months Ended | |||
Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2018GBP (£) | Dec. 31, 2017GBP (£) | |
Share-based payment arrangement | ||||
Weighted average fair value at measurement date, share options granted (EUR per share | € 0.702 | £ 0.49 | £ 0.53 | £ 1.02 |
Deferred variable compensation plan linked to multiannual objectives | ||||
Share-based payment arrangement | ||||
Fair value of plan, initial achievement | 70.00% | 70.00% | ||
Deferred variable compensation plan linked to multiannual objectives | Minimum | ||||
Share-based payment arrangement | ||||
Reasonable initial achievement ratio | 60.00% | |||
Deferred variable compensation plan linked to multiannual objectives | Maximum | ||||
Share-based payment arrangement | ||||
Reasonable initial achievement ratio | 80.00% | |||
Performance Share Plan Second Cycle 2015 | ||||
Share-based payment arrangement | ||||
Fair value of plan, initial achievement | 70.00% | 70.00% |
Staff costs - Digital transform
Staff costs - Digital transformation award (Details) € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€)employee | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Digital Transformation Award | |
Share-based payment arrangement | |
Maximum beneficiaries | employee | 250 |
Maximum amount of incentive | € | € 30 |
Percentage of plan approved | 83.00% |
Percent awarded in shares | 50.00% |
Percent awarded in options over shares | 50.00% |
Options, vesting period | 10 years |
Minimum | Digital Transformation Award | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 3 years |
Maximum | Digital Transformation Award | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Other general administrative _3
Other general administrative expenses - Breakdown of other general administrative expenses (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Other general administrative expenses | ||||
Property, fixtures and supplies | € 975 | € 1,968 | € 1,931 | |
Technology and systems | 2,161 | 1,550 | 1,257 | |
Technical reports | 677 | 707 | 759 | |
Advertising | 685 | 646 | 757 | |
Taxes other than income tax | 522 | 557 | 583 | |
Communications | 518 | 527 | 529 | |
Surveillance and cash courier services | 416 | 405 | 443 | |
Per diems and travel expenses | 226 | 225 | 217 | |
Insurance premiums | 86 | 76 | 78 | |
Other administrative expenses | 1,872 | 1,828 | 1,799 | |
Other general administrative expenses | € 8,138 | € 8,489 | [1] | € 8,353 |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Other general administrative _4
Other general administrative expenses - Technical reports and other (Details) € in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | |
Other general administrative expenses | |||||
Audit fees | € 98.2 | € 92.1 | € 88.1 | ||
Audit related fees | 7.4 | 6.8 | 6.7 | ||
Tax fees | 0.7 | 0.9 | 1.3 | ||
All other fees | 2.3 | 3.4 | 3.1 | ||
Total | 108.6 | € 103.2 | € 99.2 | ||
Commissioned services from audit firms | € 227.6 | $ 173.9 | $ 115.6 |
Other general administrative _5
Other general administrative expenses - Number of offices (Details) - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of geographical areas [line items] | ||
Number of offices | 11,952 | 13,217 |
SPAIN | ||
Disclosure of geographical areas [line items] | ||
Number of offices | 3,286 | 4,427 |
Abroad | ||
Disclosure of geographical areas [line items] | ||
Number of offices | 8,666 | 8,790 |
Gains or losses on non financ_3
Gains or losses on non financial assets, net (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of gains losses on disposals of non-financial assets [Line items] | ||||
Tangible and intangible assets, gains | € 131 | € 124 | € 134 | |
Investments, gains | 1,219 | 2 | 443 | |
Gains on disposals of tangible and intangible assets and investments | 1,350 | 126 | 577 | |
Tangible and intangible assets, losses | (55) | (92) | (43) | |
Investments, losses | (4) | (6) | (12) | |
Losses on disposals of tangible and intangible assets and investments | (59) | (98) | (55) | |
Gains (losses) on disposal of assets not classified as non-current assets held for sale, total | 1,291 | 28 | [1] | 522 |
Custody Business | ||||
Disclosure of gains losses on disposals of non-financial assets [Line items] | ||||
Investments, gains | 989 | 0 | 0 | |
Prisma | ||||
Disclosure of gains losses on disposals of non-financial assets [Line items] | ||||
Investments, gains | 194 | 0 | 0 | |
Allfunds Bank Sa | ||||
Disclosure of gains losses on disposals of non-financial assets [Line items] | ||||
Investments, gains | € 0 | € 0 | € 425 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Gains or losses on non-curren_3
Gains or losses on non-current assets held for sale not classified as discontinued operations (Details) € in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2019EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | ||
Gains Or Losses On Assets Held For Sale [Line Items] | ||||||
Tangible assets | € (232) | € (123) | € (195) | |||
Impairment (Note 12) | (146) | (259) | (306) | |||
Gain (loss) on sale (Note 12) | 1,350 | 126 | 577 | |||
Other gains and other losses | 0 | 0 | (8) | |||
Net gains (losses) on noncurrent assets held for sale | (232) | (123) | [1] | (203) | ||
Non-current assets held for sale | ||||||
Gains Or Losses On Assets Held For Sale [Line Items] | ||||||
Impairment (Note 12) | (279) | $ (320) | $ (347) | |||
Gain (loss) on sale (Note 12) | € (86) | € 136 | € 111 | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). |
Other disclosures - Residual ma
Other disclosures - Residual maturity periods and average interest rates (Details) - EUR (€) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | Dec. 31, 2016 | |||
ASSETS | |||||||
Cash and cash equivalents | € 101,067 | € 113,663 | [1],[2] | € 110,995 | [2] | € 110,995 | € 76,454 |
Financial assets measured at fair value through other comprehensive income | 122,845 | 118,420 | |||||
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | |||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | ||||
Loans and receivables | 903,013 | ||||||
Held-to-maturity investments | 13,491 | ||||||
Total certain assets | 1,219,394 | 1,178,182 | 1,155,980 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 1,230,745 | 1,171,630 | [1] | 1,126,069 | 1,126,069 | ||
Difference (assets less liabilities) | € (11,351) | € 6,552 | € 29,911 | ||||
Average interest rate - financial assets | 4.15% | 4.22% | 4.61% | ||||
Average interest rate - held to maturity investments | 1.52% | ||||||
Average interest rate - financial liabilities | 1.33% | 1.30% | 1.98% | ||||
Net borrowing position with ECB | € 22,704 | ||||||
On demand | |||||||
ASSETS | |||||||
Cash and cash equivalents | 101,067 | € 113,663 | € 110,995 | ||||
Financial assets measured at fair value through other comprehensive income | 0 | 1,886 | |||||
Financial assets at amortised cost | 51,702 | 46,247 | |||||
Loans and receivables | 57,000 | ||||||
Total certain assets | 152,769 | 161,796 | 168,321 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 619,003 | 545,284 | 537,604 | ||||
Difference (assets less liabilities) | (466,234) | (383,488) | (369,283) | ||||
1 month | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 6,933 | 6,023 | |||||
Financial assets at amortised cost | 73,890 | 56,818 | |||||
Loans and receivables | 58,686 | ||||||
Total certain assets | 80,823 | 62,841 | 61,153 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 99,203 | 87,782 | 75,161 | ||||
Difference (assets less liabilities) | (18,380) | (24,941) | (14,008) | ||||
1 to 3 months | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 2,704 | 3,329 | |||||
Financial assets at amortised cost | 76,229 | 71,627 | |||||
Loans and receivables | 53,218 | ||||||
Total certain assets | 78,933 | 74,956 | 54,864 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 88,546 | 93,293 | 87,939 | ||||
Difference (assets less liabilities) | (9,613) | (18,337) | (33,075) | ||||
3 to 12 months | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 7,689 | 12,873 | |||||
Financial assets at amortised cost | 116,511 | 102,036 | |||||
Loans and receivables | 96,689 | ||||||
Held-to-maturity investments | 1,902 | ||||||
Total certain assets | 124,200 | 114,909 | 110,088 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 159,120 | 127,522 | 130,672 | ||||
Difference (assets less liabilities) | (34,920) | (12,613) | (20,584) | ||||
1 to 3 years | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 19,101 | 19,432 | |||||
Financial assets at amortised cost | 150,365 | 134,697 | |||||
Loans and receivables | 119,541 | ||||||
Held-to-maturity investments | 122 | ||||||
Total certain assets | 169,466 | 154,129 | 142,110 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 134,799 | 182,670 | 136,487 | ||||
Difference (assets less liabilities) | 34,667 | (28,541) | 5,623 | ||||
3 to 5 years | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 17,989 | 10,705 | |||||
Financial assets at amortised cost | 103,584 | 107,921 | |||||
Loans and receivables | 112,786 | ||||||
Held-to-maturity investments | 294 | ||||||
Total certain assets | 121,573 | 118,626 | 124,244 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 61,282 | 56,927 | 83,542 | ||||
Difference (assets less liabilities) | 60,291 | 61,699 | 40,702 | ||||
More than five years | |||||||
ASSETS | |||||||
Cash and cash equivalents | 0 | 0 | 0 | ||||
Financial assets measured at fair value through other comprehensive income | 68,429 | 64,172 | |||||
Financial assets at amortised cost | 423,201 | 426,753 | |||||
Loans and receivables | 405,093 | ||||||
Held-to-maturity investments | 11,173 | ||||||
Total certain assets | 491,630 | 490,925 | 495,200 | ||||
Liabilities | |||||||
Financial liabilities at amortized cost | 68,792 | 78,152 | 74,664 | ||||
Difference (assets less liabilities) | € 422,838 | € 412,773 | € 420,536 | ||||
Cash, cash balances at central banks and other deposits on demand | |||||||
Liabilities | |||||||
Average interest rate - financial assets | 0.70% | 0.61% | 0.53% | ||||
Debt instruments | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | € 118,405 | € 116,819 | |||||
Financial assets at amortised cost | 29,789 | 37,696 | [1] | 35,772 | |||
Financial assets available-for-sale | € 122,845 | € 118,420 | € 128,481 | ||||
Loans and receivables | 17,543 | ||||||
Held-to-maturity investments | € 13,491 | ||||||
Liabilities | |||||||
Average interest rate - financial assets | 3.06% | ||||||
Average interest rate - financial assets at fair value through other comprehensive income | 3.07% | 3.11% | |||||
Average interest rate - financial assets at amortised cost | 3.23% | 3.30% | |||||
Average interest rate - financial assets available-for-sale | 4.34% | ||||||
Debt instruments | On demand | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | € 0 | € 487 | |||||
Financial assets at amortised cost | 0 | 16 | |||||
Financial assets available-for-sale | € 326 | ||||||
Loans and receivables | 249 | ||||||
Debt instruments | 1 month | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 6,879 | 6,022 | |||||
Financial assets at amortised cost | 1,563 | 1,534 | |||||
Financial assets available-for-sale | 2,467 | ||||||
Loans and receivables | 1,381 | ||||||
Debt instruments | 1 to 3 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 2,699 | 3,328 | |||||
Financial assets at amortised cost | 1,847 | 1,319 | |||||
Financial assets available-for-sale | 1,646 | ||||||
Loans and receivables | 997 | ||||||
Debt instruments | 3 to 12 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 7,554 | 12,830 | |||||
Financial assets at amortised cost | 3,073 | 6,646 | |||||
Financial assets available-for-sale | 11,497 | ||||||
Loans and receivables | 2,073 | ||||||
Debt instruments | 1 to 3 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 17,489 | 19,415 | |||||
Financial assets at amortised cost | 2,549 | 2,474 | |||||
Financial assets available-for-sale | 22,447 | ||||||
Loans and receivables | 2,317 | ||||||
Debt instruments | 3 to 5 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 17,063 | 10,661 | |||||
Financial assets at amortised cost | 3,642 | 1,783 | |||||
Financial assets available-for-sale | 11,164 | ||||||
Loans and receivables | 1,656 | ||||||
Debt instruments | More than five years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 66,721 | 64,076 | |||||
Financial assets at amortised cost | 17,115 | 23,924 | |||||
Financial assets available-for-sale | 78,934 | ||||||
Loans and receivables | 8,870 | ||||||
Loans and advances | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 4,440 | 1,601 | |||||
Financial assets at amortised cost | 965,693 | 908,403 | [1] | 873,322 | |||
Loans and receivables | 885,470 | ||||||
Loans and advances | On demand | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 0 | 1,399 | |||||
Financial assets at amortised cost | 51,702 | 46,231 | |||||
Loans and receivables | 56,751 | ||||||
Loans and advances | 1 month | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 54 | 1 | |||||
Financial assets at amortised cost | 72,327 | 55,284 | |||||
Loans and receivables | 57,305 | ||||||
Loans and advances | 1 to 3 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 5 | 1 | |||||
Financial assets at amortised cost | 74,382 | 70,308 | |||||
Loans and receivables | 52,221 | ||||||
Loans and advances | 3 to 12 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 135 | 43 | |||||
Financial assets at amortised cost | 113,438 | 95,390 | |||||
Loans and receivables | 94,616 | ||||||
Loans and advances | 1 to 3 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 1,612 | 17 | |||||
Financial assets at amortised cost | 147,816 | 132,223 | |||||
Loans and receivables | 117,224 | ||||||
Loans and advances | 3 to 5 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 926 | 44 | |||||
Financial assets at amortised cost | 99,942 | 106,138 | |||||
Loans and receivables | 111,130 | ||||||
Loans and advances | More than five years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 1,708 | 96 | |||||
Financial assets at amortised cost | 406,086 | 402,829 | |||||
Loans and receivables | 396,223 | ||||||
Loans and advances - Customers | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 4,440 | 1,601 | |||||
Financial assets at amortised cost | € 906,276 | € 857,322 | [1] | ||||
Loans and receivables | € 819,625 | ||||||
Liabilities | |||||||
Average interest rate - financial assets | 5.44% | ||||||
Average interest rate - financial assets at fair value through other comprehensive income | 1.84% | 1.41% | |||||
Average interest rate - financial assets at amortised cost | 4.85% | 4.96% | |||||
Loans and advances - Customers | On demand | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | € 0 | € 1,399 | |||||
Financial assets at amortised cost | 34,037 | 36,139 | |||||
Loans and receivables | € 38,509 | ||||||
Held-to-maturity investments | 0 | ||||||
Loans and advances - Customers | 1 month | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 54 | 1 | |||||
Financial assets at amortised cost | 49,018 | 49,872 | |||||
Loans and receivables | 49,159 | ||||||
Held-to-maturity investments | 0 | ||||||
Loans and advances - Customers | 1 to 3 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 5 | 1 | |||||
Financial assets at amortised cost | 69,780 | 63,597 | |||||
Loans and receivables | 47,330 | ||||||
Held-to-maturity investments | 0 | ||||||
Loans and advances - Customers | 3 to 12 months | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 135 | 43 | |||||
Financial assets at amortised cost | 106,003 | 89,383 | |||||
Loans and receivables | 84,097 | ||||||
Loans and advances - Customers | 1 to 3 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 1,612 | 17 | |||||
Financial assets at amortised cost | 143,853 | 126,909 | |||||
Loans and receivables | 111,530 | ||||||
Loans and advances - Customers | 3 to 5 years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 926 | 44 | |||||
Financial assets at amortised cost | 99,514 | 105,191 | |||||
Loans and receivables | 110,191 | ||||||
Loans and advances - Customers | More than five years | |||||||
ASSETS | |||||||
Financial assets measured at fair value through other comprehensive income | 1,708 | 96 | |||||
Financial assets at amortised cost | 404,071 | 386,231 | |||||
Loans and receivables | 378,809 | ||||||
Loans and advances - Central banks | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 18,474 | 15,601 | [1] | ||||
Loans and receivables | € 24,947 | € 24,827 | € 26,278 | ||||
Liabilities | |||||||
Average interest rate - financial assets at amortised cost | 4.78% | 6.07% | 5.10% | ||||
Loans and advances - Central banks | On demand | |||||||
ASSETS | |||||||
Financial assets at amortised cost | € 0 | € 0 | |||||
Loans and receivables | € 0 | ||||||
Loans and advances - Central banks | 1 month | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 17,086 | 23 | |||||
Loans and receivables | 3,948 | ||||||
Loans and advances - Central banks | 1 to 3 months | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 0 | 0 | |||||
Loans and receivables | 1,446 | ||||||
Loans and advances - Central banks | 3 to 12 months | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 0 | 4 | |||||
Loans and receivables | 4,811 | ||||||
Loans and advances - Central banks | 1 to 3 years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 0 | 0 | |||||
Loans and receivables | 0 | ||||||
Loans and advances - Central banks | 3 to 5 years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 0 | 0 | |||||
Loans and receivables | 0 | ||||||
Loans and advances - Central banks | More than five years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 1,388 | 15,574 | |||||
Loans and receivables | 16,073 | ||||||
Loans and advances - Credit institutions | |||||||
ASSETS | |||||||
Financial assets at amortised cost | € 40,943 | € 35,480 | [1] | ||||
Loans and receivables | € 39,567 | ||||||
Liabilities | |||||||
Average interest rate - financial assets | 1.26% | ||||||
Average interest rate - financial assets at amortised cost | 1.04% | 1.66% | |||||
Loans and advances - Credit institutions | On demand | |||||||
ASSETS | |||||||
Financial assets at amortised cost | € 17,665 | € 10,092 | |||||
Loans and receivables | € 18,242 | ||||||
Loans and advances - Credit institutions | 1 month | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 6,223 | 5,389 | |||||
Loans and receivables | 4,198 | ||||||
Loans and advances - Credit institutions | 1 to 3 months | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 4,602 | 6,711 | |||||
Loans and receivables | 3,445 | ||||||
Loans and advances - Credit institutions | 3 to 12 months | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 7,435 | 6,003 | |||||
Loans and receivables | 5,708 | ||||||
Loans and advances - Credit institutions | 1 to 3 years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 3,963 | 5,314 | |||||
Loans and receivables | 5,694 | ||||||
Loans and advances - Credit institutions | 3 to 5 years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 428 | 947 | |||||
Loans and receivables | 939 | ||||||
Loans and advances - Credit institutions | More than five years | |||||||
ASSETS | |||||||
Financial assets at amortised cost | 627 | 1,024 | |||||
Loans and receivables | 1,341 | ||||||
Deposits | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 942,417 | 903,101 | [1] | 883,320 | 883,320 | ||
Deposits | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 607,051 | 536,134 | 527,499 | ||||
Deposits | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 76,101 | 74,440 | 59,325 | ||||
Deposits | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 61,627 | 67,406 | 66,667 | ||||
Deposits | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 111,190 | 91,958 | 100,658 | ||||
Deposits | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 64,781 | 107,459 | 81,169 | ||||
Deposits | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 14,224 | 18,833 | 39,719 | ||||
Deposits | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 7,443 | 6,871 | 8,283 | ||||
Deposits - Central banks | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 62,468 | € 72,523 | [1] | € 71,414 | |||
Average interest rate - financial liabilities at amortised cost | 0.51% | 0.39% | |||||
Average interest rate - financial liabilities | 0.24% | ||||||
Deposits - Central banks | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 99 | € 304 | € 450 | ||||
Deposits - Central banks | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 462 | 2,130 | 2,015 | ||||
Deposits - Central banks | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 64 | 2,629 | 681 | ||||
Deposits - Central banks | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 33,229 | 507 | 2,715 | ||||
Deposits - Central banks | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 28,424 | 64,433 | 42,988 | ||||
Deposits - Central banks | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 190 | 2,520 | 22,565 | ||||
Deposits - Central banks | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 0 | 0 | 0 | ||||
Deposits - Credit institutions | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 90,501 | € 89,679 | [1] | € 91,300 | |||
Average interest rate - financial liabilities at amortised cost | 2.97% | 2.19% | |||||
Average interest rate - financial liabilities | 2.40% | ||||||
Deposits - Credit institutions | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 23,526 | € 15,341 | € 20,870 | ||||
Deposits - Credit institutions | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 14,494 | 13,413 | 15,263 | ||||
Deposits - Credit institutions | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 18,922 | 24,724 | 13,350 | ||||
Deposits - Credit institutions | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 14,245 | 16,384 | 25,406 | ||||
Deposits - Credit institutions | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 9,327 | 8,759 | 6,501 | ||||
Deposits - Credit institutions | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 5,668 | 6,412 | 5,247 | ||||
Deposits - Credit institutions | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 4,319 | 4,646 | 4,663 | ||||
Deposits - Customers | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 789,448 | € 740,899 | [1] | € 720,606 | |||
Average interest rate - financial liabilities at amortised cost | 0.91% | 0.90% | |||||
Average interest rate - financial liabilities | 2.00% | ||||||
Deposits - Customers | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 583,426 | € 520,489 | € 506,179 | ||||
Deposits - Customers | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 61,145 | 58,897 | 42,047 | ||||
Deposits - Customers | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 42,641 | 40,053 | 52,636 | ||||
Deposits - Customers | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 63,716 | 75,067 | 72,537 | ||||
Deposits - Customers | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 27,030 | 34,267 | 31,680 | ||||
Deposits - Customers | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 8,366 | 9,901 | 11,907 | ||||
Deposits - Customers | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 3,124 | 2,225 | 3,620 | ||||
Marketable debt securities | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 258,219 | € 244,314 | [1] | € 214,910 | 214,910 | ||
Average interest rate - financial liabilities at amortised cost | 2.38% | 2.59% | |||||
Average interest rate - financial liabilities | 2.56% | ||||||
Marketable debt securities | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 0 | € 237 | € 105 | ||||
Marketable debt securities | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 16,008 | 11,347 | 11,927 | ||||
Marketable debt securities | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 22,569 | 18,817 | 11,638 | ||||
Marketable debt securities | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 47,808 | 33,536 | 29,286 | ||||
Marketable debt securities | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 65,545 | 71,805 | 54,202 | ||||
Marketable debt securities | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 46,577 | 37,919 | 43,395 | ||||
Marketable debt securities | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 59,712 | 70,653 | 64,357 | ||||
Other financial liabilities | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 30,109 | 24,215 | [1] | 27,839 | € 27,839 | ||
Other financial liabilities | On demand | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 11,952 | 8,913 | 10,000 | ||||
Other financial liabilities | 1 month | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 7,094 | 1,995 | 3,909 | ||||
Other financial liabilities | 1 to 3 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 4,350 | 7,070 | 9,634 | ||||
Other financial liabilities | 3 to 12 months | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 122 | 2,028 | 728 | ||||
Other financial liabilities | 1 to 3 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 4,473 | 3,406 | 1,116 | ||||
Other financial liabilities | 3 to 5 years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | 481 | 175 | 428 | ||||
Other financial liabilities | More than five years | |||||||
Liabilities | |||||||
Financial liabilities at amortized cost | € 1,637 | € 628 | € 2,024 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other disclosures - Contractual
Other disclosures - Contractual maturities of liabilities at amortised cost (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Liabilities | |||
Undiscounted financial liabilities at amortised cost | € 1,220,145 | € 1,162,832 | € 1,118,461 |
On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 615,078 | 542,124 | 537,546 |
1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 99,245 | 87,558 | 73,133 |
1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 88,369 | 91,598 | 110,270 |
3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 157,899 | 127,237 | 128,920 |
1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 132,136 | 181,772 | 119,082 |
3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 60,338 | 56,023 | 75,681 |
More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 67,080 | 76,520 | 73,829 |
Deposits | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 934,147 | 898,084 | 878,077 |
Deposits | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 603,126 | 532,915 | 526,059 |
Deposits | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 75,899 | 74,320 | 57,490 |
Deposits | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 61,107 | 67,169 | 89,249 |
Deposits | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 109,747 | 91,766 | 99,780 |
Deposits | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 63,013 | 106,935 | 64,977 |
Deposits | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 14,027 | 18,439 | 32,365 |
Deposits | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 7,228 | 6,540 | 8,157 |
Deposits - Central banks | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 61,844 | 72,894 | 71,512 |
Deposits - Central banks | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 99 | 304 | 451 |
Deposits - Central banks | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 454 | 2,126 | 2,018 |
Deposits - Central banks | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 41 | 2,624 | 23,801 |
Deposits - Central banks | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 32,805 | 896 | 2,719 |
Deposits - Central banks | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 28,255 | 64,424 | 27,138 |
Deposits - Central banks | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 190 | 2,520 | 15,385 |
Deposits - Central banks | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 0 | 0 | 0 |
Deposits - Credit institutions | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 88,893 | 88,720 | 89,147 |
Deposits - Credit institutions | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 23,348 | 15,257 | 20,378 |
Deposits - Credit institutions | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 14,491 | 13,413 | 14,903 |
Deposits - Credit institutions | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 18,810 | 24,698 | 13,035 |
Deposits - Credit institutions | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 14,134 | 16,288 | 24,807 |
Deposits - Credit institutions | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 8,519 | 8,552 | 6,348 |
Deposits - Credit institutions | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 5,478 | 6,085 | 5,123 |
Deposits - Credit institutions | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,113 | 4,427 | 4,553 |
Deposits - Customers | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 783,410 | 736,470 | 717,418 |
Deposits - Customers | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 579,679 | 517,354 | 505,230 |
Deposits - Customers | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 60,954 | 58,781 | 40,569 |
Deposits - Customers | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 42,256 | 39,847 | 52,413 |
Deposits - Customers | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 62,808 | 74,582 | 72,254 |
Deposits - Customers | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 26,239 | 33,959 | 31,491 |
Deposits - Customers | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 8,359 | 9,834 | 11,857 |
Deposits - Customers | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 3,115 | 2,113 | 3,604 |
Marketable debt securities | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 255,889 | 240,533 | 212,545 |
Marketable debt securities | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 0 | 296 | 1,486 |
Marketable debt securities | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 16,252 | 11,243 | 11,735 |
Marketable debt securities | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 22,912 | 17,359 | 11,387 |
Marketable debt securities | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 48,030 | 33,443 | 28,412 |
Marketable debt securities | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 64,650 | 71,431 | 52,989 |
Marketable debt securities | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 45,830 | 37,409 | 42,888 |
Marketable debt securities | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 58,215 | 69,352 | 63,648 |
Other financial liabilities | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 30,109 | 24,215 | 27,839 |
Other financial liabilities | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 11,952 | 8,913 | 10,001 |
Other financial liabilities | 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 7,094 | 1,995 | 3,908 |
Other financial liabilities | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,350 | 7,070 | 9,634 |
Other financial liabilities | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 122 | 2,028 | 728 |
Other financial liabilities | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,473 | 3,406 | 1,116 |
Other financial liabilities | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 481 | 175 | 428 |
Other financial liabilities | More than five years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | € 1,637 | € 628 | € 2,024 |
Other disclosures - Contractu_2
Other disclosures - Contractual maturities of remainder of assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
ASSETS | |||||
Financial assets held for trading | € 108,230 | € 92,879 | [1] | € 125,618 | € 125,458 |
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | |
Investments in equity instruments designated at fair value through other comprehensive income | 2,863 | 2,671 | 4,790 | ||
Hedging derivatives, Assets | 7,216 | 8,607 | [1] | 8,537 | |
Accumulated amount of fair value adjustments on the hedged item - Assets | 1,702 | 1,088 | [1] | 1,287 | |
TOTAL FINANCIAL ASSETS | 186,991 | 173,435 | 174,854 | ||
Liabilities | |||||
Financial liabilities held for trading | 77,139 | 70,343 | [1] | 107,634 | 107,624 |
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 |
Hedging derivatives, Liabilities | 6,048 | 6,363 | [1] | 8,034 | 8,044 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 269 | 303 | [1] | 330 | 330 |
TOTAL LIABILITIES | 144,451 | 145,067 | 175,614 | ||
1 month | |||||
ASSETS | |||||
Financial assets held for trading | 4,864 | 4,512 | 11,147 | ||
Financial assets designated at fair value through profit or loss | 24,110 | 21,598 | 9,998 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 272 | 3,215 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Hedging derivatives, Assets | 807 | 609 | 255 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 267 | 106 | 57 | ||
TOTAL FINANCIAL ASSETS | 30,320 | 30,040 | 21,457 | ||
Liabilities | |||||
Financial liabilities held for trading | 10,851 | 10,473 | 38,976 | ||
Financial liabilities designated at fair value through profit or loss | 21,929 | 29,574 | 30,152 | ||
Hedging derivatives, Liabilities | 1,997 | 485 | 40 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 3 | 3 | 0 | ||
TOTAL LIABILITIES | 34,780 | 40,535 | 69,168 | ||
1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 3,522 | 3,564 | 5,887 | ||
Financial assets designated at fair value through profit or loss | 13,167 | 13,045 | 4,485 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 346 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Hedging derivatives, Assets | 86 | 166 | 162 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 1 | 7 | 6 | ||
TOTAL FINANCIAL ASSETS | 16,776 | 17,128 | 10,540 | ||
Liabilities | |||||
Financial liabilities held for trading | 3,427 | 3,351 | 4,073 | ||
Financial liabilities designated at fair value through profit or loss | 2,259 | 7,017 | 5,166 | ||
Hedging derivatives, Liabilities | 337 | 144 | 79 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 6 | 5 | 0 | ||
TOTAL LIABILITIES | 6,029 | 10,517 | 9,318 | ||
3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 19,740 | 6,793 | 21,896 | ||
Financial assets designated at fair value through profit or loss | 7,602 | 5,625 | 5,032 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4 | 17 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Hedging derivatives, Assets | 601 | 474 | 519 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 24 | 20 | 33 | ||
TOTAL FINANCIAL ASSETS | 27,971 | 12,929 | 27,480 | ||
Liabilities | |||||
Financial liabilities held for trading | 7,130 | 1,104 | 7,177 | ||
Financial liabilities designated at fair value through profit or loss | 5,307 | 864 | 1,635 | ||
Hedging derivatives, Liabilities | 848 | 321 | 180 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 26 | 23 | 2 | ||
TOTAL LIABILITIES | 13,311 | 2,312 | 8,990 | ||
1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 21,603 | 22,084 | 24,178 | ||
Financial assets designated at fair value through profit or loss | 5,175 | 5,215 | 3,402 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 11 | 125 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Hedging derivatives, Assets | 1,646 | 2,167 | 1,113 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 112 | 28 | 151 | ||
TOTAL FINANCIAL ASSETS | 28,547 | 29,619 | 28,844 | ||
Liabilities | |||||
Financial liabilities held for trading | 17,244 | 16,123 | 17,913 | ||
Financial liabilities designated at fair value through profit or loss | 3,565 | 1,497 | 1,251 | ||
Hedging derivatives, Liabilities | 678 | 362 | 493 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 53 | 64 | 1 | ||
TOTAL LIABILITIES | 21,540 | 18,046 | 19,656 | ||
3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 18,083 | 19,350 | 19,563 | ||
Financial assets designated at fair value through profit or loss | 3,878 | 4,065 | 3,922 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 117 | 2 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Hedging derivatives, Assets | 904 | 957 | 1,583 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 265 | 59 | 59 | ||
TOTAL FINANCIAL ASSETS | 23,247 | 24,433 | 25,127 | ||
Liabilities | |||||
Financial liabilities held for trading | 16,905 | 16,457 | 16,989 | ||
Financial liabilities designated at fair value through profit or loss | 1,450 | 999 | 1,120 | ||
Hedging derivatives, Liabilities | 528 | 651 | 677 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 59 | 60 | 31 | ||
TOTAL LIABILITIES | 18,942 | 18,167 | 18,817 | ||
More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 40,418 | 36,576 | 42,787 | ||
Financial assets designated at fair value through profit or loss | 8,137 | 7,912 | 7,943 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,507 | 7,025 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 2,863 | 2,671 | 4,790 | ||
Hedging derivatives, Assets | 3,172 | 4,234 | 4,905 | ||
Accumulated amount of fair value adjustments on the hedged item - Assets | 1,033 | 868 | 981 | ||
TOTAL FINANCIAL ASSETS | 60,130 | 59,286 | 61,406 | ||
Liabilities | |||||
Financial liabilities held for trading | 21,582 | 22,835 | 22,496 | ||
Financial liabilities designated at fair value through profit or loss | 26,485 | 28,107 | 20,292 | ||
Hedging derivatives, Liabilities | 1,660 | 4,400 | 6,575 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 122 | 148 | 302 | ||
TOTAL LIABILITIES | 49,849 | 55,490 | 49,665 | ||
Derivatives | |||||
Liabilities | |||||
Financial liabilities held for trading | 63,016 | 55,341 | [1] | 57,902 | 57,892 |
Derivatives | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 2,672 | 2,897 | 3,698 | ||
Derivatives | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 1,973 | 2,874 | 2,070 | ||
Derivatives | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 6,591 | 822 | 5,951 | ||
Derivatives | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 16,965 | 14,323 | 15,634 | ||
Derivatives | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 16,023 | 14,956 | 14,897 | ||
Derivatives | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 18,792 | 19,469 | 15,642 | ||
Short positions | |||||
Liabilities | |||||
Financial liabilities held for trading | 14,123 | 15,002 | [1] | 20,979 | 20,979 |
Short positions | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 8,179 | 7,576 | 8,060 | ||
Short positions | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 1,454 | 477 | 468 | ||
Short positions | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 539 | 282 | 1,226 | ||
Short positions | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 279 | 1,800 | 2,279 | ||
Short positions | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 882 | 1,501 | 2,092 | ||
Short positions | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 2,790 | 3,366 | 6,854 | ||
Deposits | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 28,753 | 28,753 |
Financial liabilities designated at fair value through profit or loss | 57,111 | 65,304 | [1] | 55,971 | 55,971 |
Deposits | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 27,218 | ||
Financial liabilities designated at fair value through profit or loss | 21,904 | 29,522 | 30,083 | ||
Deposits | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 1,535 | ||
Financial liabilities designated at fair value through profit or loss | 2,225 | 6,947 | 4,730 | ||
Deposits | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 4,909 | 627 | 1,065 | ||
Deposits | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 2,429 | 531 | 191 | ||
Deposits | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 780 | 455 | 425 | ||
Deposits | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 24,864 | 27,222 | 19,477 | ||
Deposits - Central banks | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 282 | |
Financial liabilities designated at fair value through profit or loss | 12,854 | 14,816 | [1] | 8,860 | |
Deposits - Central banks | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 282 | ||
Financial liabilities designated at fair value through profit or loss | 8,831 | 9,804 | 6,038 | ||
Deposits - Central banks | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 1,228 | 4,940 | 2,077 | ||
Deposits - Central banks | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 2,795 | 72 | 745 | ||
Deposits - Central banks | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Deposits - Central banks | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Deposits - Central banks | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Deposits - Credit institutions | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 292 | |
Financial liabilities designated at fair value through profit or loss | 9,340 | 10,891 | [1] | 18,166 | |
Deposits - Credit institutions | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 292 | ||
Financial liabilities designated at fair value through profit or loss | 4,133 | 8,809 | 16,521 | ||
Deposits - Credit institutions | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 521 | 949 | 1,485 | ||
Deposits - Credit institutions | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 1,857 | 271 | 63 | ||
Deposits - Credit institutions | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 2,132 | 188 | 0 | ||
Deposits - Credit institutions | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 11 | 229 | 97 | ||
Deposits - Credit institutions | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 686 | 445 | 0 | ||
Deposits - Customers | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 28,179 | |
Financial liabilities designated at fair value through profit or loss | 34,917 | 39,597 | [1] | 28,945 | |
Deposits - Customers | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 26,644 | ||
Financial liabilities designated at fair value through profit or loss | 8,940 | 10,909 | 7,524 | ||
Deposits - Customers | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 1,535 | ||
Financial liabilities designated at fair value through profit or loss | 476 | 1,058 | 1,168 | ||
Deposits - Customers | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 257 | 284 | 257 | ||
Deposits - Customers | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 297 | 343 | 191 | ||
Deposits - Customers | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 769 | 226 | 328 | ||
Deposits - Customers | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 24,178 | 26,777 | 19,477 | ||
Marketable debt securities | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 3,758 | 2,305 | [1] | 3,056 | 3,056 |
Marketable debt securities | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 14 | 13 | 69 | ||
Marketable debt securities | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 34 | 70 | 436 | ||
Marketable debt securities | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 398 | 237 | 570 | ||
Marketable debt securities | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 1,021 | 556 | 471 | ||
Marketable debt securities | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 670 | 544 | 695 | ||
Marketable debt securities | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 1,621 | 885 | 815 | ||
Other financial liabilities | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | [1] | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 126 | 449 | [1] | 589 | 589 |
Other financial liabilities | 1 month | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 11 | 39 | 0 | ||
Other financial liabilities | 1 to 3 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Other financial liabilities | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Other financial liabilities | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 115 | 410 | 589 | ||
Other financial liabilities | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Other financial liabilities | More than five years | |||||
Liabilities | |||||
Financial liabilities held for trading | 0 | 0 | 0 | ||
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 | ||
Derivatives | |||||
ASSETS | |||||
Financial assets held for trading | 63,397 | 55,939 | [1] | 57,243 | 57,243 |
Derivatives | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 3,329 | 2,691 | 4,026 | ||
Derivatives | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 2,233 | 3,165 | 1,691 | ||
Derivatives | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 6,552 | 899 | 5,352 | ||
Derivatives | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 15,855 | 15,189 | 17,233 | ||
Derivatives | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 14,925 | 14,098 | 14,895 | ||
Derivatives | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 20,503 | 19,897 | 14,046 | ||
Equity instruments | |||||
ASSETS | |||||
Financial assets held for trading | 12,437 | 8,938 | [1] | 21,353 | 21,353 |
Financial assets designated at fair value through profit or loss | 933 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,350 | 3,260 | [1] | 2,584 | |
Investments in equity instruments designated at fair value through other comprehensive income | 2,863 | 2,671 | 4,790 | ||
Equity instruments | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Equity instruments | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Equity instruments | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Equity instruments | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Equity instruments | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | ||
Equity instruments | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 12,437 | 8,938 | 21,353 | ||
Financial assets designated at fair value through profit or loss | 933 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,350 | 3,260 | |||
Investments in equity instruments designated at fair value through other comprehensive income | 2,863 | 2,671 | 4,790 | ||
Debt instruments | |||||
ASSETS | |||||
Financial assets held for trading | 32,041 | 27,800 | [1] | 36,554 | 36,351 |
Financial assets designated at fair value through profit or loss | 3,186 | 3,222 | [1] | 3,286 | 3,485 |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,175 | 5,587 | [1] | 1,792 | |
Debt instruments | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 1,531 | 1,821 | 4,253 | ||
Financial assets designated at fair value through profit or loss | 457 | 604 | 19 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 1,876 | |||
Debt instruments | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 1,289 | 399 | 1,706 | ||
Financial assets designated at fair value through profit or loss | 10 | 7 | 120 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 20 | |||
Debt instruments | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 13,188 | 5,894 | 11,850 | ||
Financial assets designated at fair value through profit or loss | 81 | 304 | 850 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Debt instruments | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 5,748 | 6,895 | 6,529 | ||
Financial assets designated at fair value through profit or loss | 652 | 727 | 667 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 11 | 0 | |||
Debt instruments | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 3,141 | 5,252 | 4,662 | ||
Financial assets designated at fair value through profit or loss | 381 | 348 | 579 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 117 | 2 | |||
Debt instruments | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 7,144 | 7,539 | 7,351 | ||
Financial assets designated at fair value through profit or loss | 1,605 | 1,232 | 1,250 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,047 | 3,689 | |||
Loans and advances | |||||
ASSETS | |||||
Financial assets held for trading | 355 | 202 | [1] | 10,468 | 10,511 |
Financial assets designated at fair value through profit or loss | 58,883 | 54,238 | [1] | 38,789 | 30,364 |
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,883 | [1] | € 611 | |
Loans and advances | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 4 | 0 | 2,868 | ||
Financial assets designated at fair value through profit or loss | 23,653 | 20,994 | 9,979 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 272 | 1,339 | |||
Loans and advances | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 2,490 | ||
Financial assets designated at fair value through profit or loss | 13,157 | 13,038 | 4,365 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 326 | |||
Loans and advances | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 4,694 | ||
Financial assets designated at fair value through profit or loss | 7,521 | 5,321 | 4,182 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4 | 17 | |||
Loans and advances | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 416 | ||
Financial assets designated at fair value through profit or loss | 4,523 | 4,488 | 2,735 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 125 | |||
Loans and advances | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 17 | 0 | 6 | ||
Financial assets designated at fair value through profit or loss | 3,497 | 3,717 | 3,343 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 334 | 202 | 37 | ||
Financial assets designated at fair value through profit or loss | 6,532 | 6,680 | 5,760 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 110 | 76 | |||
Loans and advances - Central banks | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | [1] | 0 | |
Financial assets designated at fair value through profit or loss | 6,473 | 9,226 | [1] | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | [1] | ||
Loans and advances - Central banks | 1 month | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 1,744 | 1,211 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Central banks | 1 to 3 months | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 4,729 | 5,433 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Central banks | 3 to 12 months | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 0 | 2,582 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Central banks | 1 to 3 years | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 0 | 0 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Central banks | 3 to 5 years | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 0 | 0 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Central banks | More than five years | |||||
ASSETS | |||||
Financial assets designated at fair value through profit or loss | 0 | 0 | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Credit institutions | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | [1] | 1,696 | |
Financial assets designated at fair value through profit or loss | 21,649 | 23,097 | [1] | 9,889 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 2 | [1] | ||
Loans and advances - Credit institutions | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 1,216 | ||
Financial assets designated at fair value through profit or loss | 13,186 | 14,587 | 7,341 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 2 | |||
Loans and advances - Credit institutions | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 1 | ||
Financial assets designated at fair value through profit or loss | 4,946 | 4,131 | 2,020 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Credit institutions | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 63 | ||
Financial assets designated at fair value through profit or loss | 1,534 | 778 | 183 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Credit institutions | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 416 | ||
Financial assets designated at fair value through profit or loss | 1,015 | 1,327 | 32 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Credit institutions | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 9 | 579 | 77 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Credit institutions | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 959 | 1,695 | 236 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Customers | |||||
ASSETS | |||||
Financial assets held for trading | 355 | 202 | [1] | 8,815 | |
Financial assets designated at fair value through profit or loss | 30,761 | 21,915 | [1] | 20,475 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 386 | 1,881 | [1] | ||
Loans and advances - Customers | 1 month | |||||
ASSETS | |||||
Financial assets held for trading | 4 | 0 | 1,652 | ||
Financial assets designated at fair value through profit or loss | 8,723 | 5,196 | 2,638 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 272 | 1,337 | |||
Loans and advances - Customers | 1 to 3 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 2,489 | ||
Financial assets designated at fair value through profit or loss | 3,482 | 3,474 | 2,345 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 326 | |||
Loans and advances - Customers | 3 to 12 months | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 4,631 | ||
Financial assets designated at fair value through profit or loss | 5,987 | 1,961 | 3,999 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 4 | 17 | |||
Loans and advances - Customers | 1 to 3 years | |||||
ASSETS | |||||
Financial assets held for trading | 0 | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | 3,508 | 3,161 | 2,703 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 125 | |||
Loans and advances - Customers | 3 to 5 years | |||||
ASSETS | |||||
Financial assets held for trading | 17 | 0 | 6 | ||
Financial assets designated at fair value through profit or loss | 3,488 | 3,138 | 3,266 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |||
Loans and advances - Customers | More than five years | |||||
ASSETS | |||||
Financial assets held for trading | 334 | 202 | 37 | ||
Financial assets designated at fair value through profit or loss | 5,573 | 4,985 | € 5,524 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | € 110 | € 76 | |||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other disclosures - Maturities
Other disclosures - Maturities of contingent liabilities and commitments (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 323,724 | € 304,195 | € 287,087 | |
Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,650 | 11,723 | [1] | 14,499 |
Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 49,117 | |||
Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 241,179 | 218,083 | [1] | 207,671 |
Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 237,970 | |||
Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 68,895 | 74,389 | [1] | 64,917 |
1 month | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 145,756 | 132,391 | 104,345 | |
1 month | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 2,176 | 2,100 | ||
1 month | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 17,065 | |||
1 month | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 98,630 | 71,860 | ||
1 month | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 87,280 | |||
1 month | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 44,950 | 58,431 | ||
1 to 3 months | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 21,372 | 15,659 | 19,224 | |
1 to 3 months | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,791 | 1,737 | ||
1 to 3 months | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 5,059 | |||
1 to 3 months | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 16,529 | 12,436 | ||
1 to 3 months | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 14,165 | |||
1 to 3 months | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 3,052 | 1,486 | ||
3 to 12 months | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 45,953 | 33,360 | 66,668 | |
3 to 12 months | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 5,626 | 4,437 | ||
3 to 12 months | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,599 | |||
3 to 12 months | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 30,370 | 22,749 | ||
3 to 12 months | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 54,069 | |||
3 to 12 months | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 9,957 | 6,174 | ||
1 to 3 years | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 43,636 | 40,010 | 43,166 | |
1 to 3 years | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,933 | 1,728 | ||
1 to 3 years | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,502 | |||
1 to 3 years | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 37,097 | 35,632 | ||
1 to 3 years | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 32,664 | |||
1 to 3 years | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 4,606 | 2,650 | ||
3 to 5 years | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 53,568 | 47,737 | 36,337 | |
3 to 5 years | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,364 | 1,029 | ||
3 to 5 years | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 2,326 | |||
3 to 5 years | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 48,072 | 43,205 | ||
3 to 5 years | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 34,011 | |||
3 to 5 years | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 4,132 | 3,503 | ||
More than five years | Contingent Liabilities And Contingent Commitments [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,439 | 35,038 | 17,347 | |
More than five years | Financial guarantees granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 760 | 692 | ||
More than five years | Financial guarantees granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,566 | |||
More than five years | Loans commitment granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,481 | 32,201 | ||
More than five years | Loans commitment granted, including other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 15,781 | |||
More than five years | Other commitments granted | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 2,198 | € 2,145 | ||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other disclosures - Equivalent
Other disclosures - Equivalent Euro value of assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
ASSETS | ||||||||
Cash and cash equivalents | € 101,067 | € 113,663 | [1],[2] | € 110,995 | € 110,995 | [2] | € 76,454 | |
Financial assets held for trading | 108,230 | 92,879 | [1] | 125,618 | 125,458 | |||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | [1] | 4,987 | ||||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | [1] | 42,075 | 34,782 | |||
Financial assets available-for-sale | 122,845 | 118,420 | 133,271 | |||||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | [1] | 126,353 | ||||
Financial assets at amortised cost | 995,482 | 946,099 | [1] | 909,094 | ||||
Loans and receivables | 903,013 | |||||||
Held-to-maturity investments | 13,491 | |||||||
Investments accounted for using equity method | 8,772 | 7,588 | [1] | 6,150 | 6,184 | € 4,836 | ||
Tangible assets | 35,235 | € 32,850 | 26,157 | [1] | 22,974 | |||
Intangible assets | 27,687 | 28,560 | [1] | 28,683 | ||||
Other assets | 10,138 | 9,348 | [1] | 9,766 | ||||
TOTAL ASSETS | 1,522,695 | 1,459,271 | [1] | 1,443,069 | 1,444,305 | |||
Liabilities | ||||||||
Financial liabilities held for trading | 77,139 | 70,343 | [1] | 107,634 | 107,624 | |||
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | [1] | 59,616 | 59,616 | |||
Financial liabilities at amortized cost | 1,230,745 | 1,171,630 | [1] | 1,126,069 | 1,126,069 | |||
LIABILITIES UNDER INSURANCE OR REINSURANCE CONTRACTS | 739 | 765 | [1] | 1,117 | ||||
Other liabilities | 12,792 | 13,088 | [1] | 12,591 | ||||
TOTAL LIABILITIES | 1,412,036 | 1,351,910 | [1] | € 1,337,707 | 1,337,472 | |||
Non-Euro | ||||||||
ASSETS | ||||||||
Cash and cash equivalents | 65,205 | 61,372 | 67,025 | |||||
Financial assets held for trading | 60,526 | 56,217 | 82,004 | |||||
Non-trading financial assets mandatorily at fair value through profit or loss | 2,611 | 8,231 | ||||||
Financial assets designated at fair value through profit or loss | 25,938 | 32,244 | 7,322 | |||||
Financial assets available-for-sale | 65,691 | |||||||
Financial assets at fair value through other comprehensive income | 76,402 | 67,926 | ||||||
Financial assets at amortised cost | 656,564 | 598,629 | ||||||
Loans and receivables | 553,301 | |||||||
Held-to-maturity investments | 11,490 | |||||||
Investments accounted for using equity method | 1,355 | 1,189 | 1,121 | |||||
Tangible assets | 24,662 | 19,903 | 15,971 | |||||
Intangible assets | 21,942 | 23,016 | 23,499 | |||||
Other assets | 25,410 | 24,506 | 23,695 | |||||
TOTAL ASSETS | 960,615 | 893,233 | 851,119 | |||||
Liabilities | ||||||||
Financial liabilities held for trading | 45,262 | 40,989 | 76,459 | |||||
Financial liabilities designated at fair value through profit or loss | 29,593 | 35,997 | 21,766 | |||||
Financial liabilities at amortized cost | 752,188 | 694,362 | 638,680 | |||||
LIABILITIES UNDER INSURANCE OR REINSURANCE CONTRACTS | 13 | 29 | 58 | |||||
Other liabilities | 23,428 | 20,567 | 20,989 | |||||
TOTAL LIABILITIES | € 850,484 | € 791,944 | € 757,952 | |||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Other disclosures - Fair value
Other disclosures - Fair value of financial assets not at fair value (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets | € 184,596 | € 191,124 | € 199,351 | ||
Carrying amount | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets | 995,482 | 946,099 | 916,504 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 1,005,554 | 952,108 | 926,739 | ||
Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 10,907 | 20,898 | 10,994 | ||
Level 2 | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 149,711 | 140,659 | 124,178 | ||
Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 92,016 | 99,337 | 155,527 | ||
Level 3 | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 6,651 | 4,473 | € 3,546 | 1,363 | € 1,349 |
Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 902,631 | 831,873 | 760,218 | ||
Loans and advances | Carrying amount | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets | 965,693 | 908,403 | 885,470 | ||
Loans and advances | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 975,523 | 914,013 | 895,645 | ||
Loans and advances | Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 0 | 0 | 0 | ||
Loans and advances | Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 82,045 | 88,091 | 141,839 | ||
Loans and advances | Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 893,478 | 825,922 | 753,806 | ||
Debt instruments | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets | 184,596 | 191,124 | 199,351 | ||
Debt instruments | Carrying amount | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets | 29,789 | 37,696 | 31,034 | ||
Debt instruments | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 30,031 | 38,095 | 31,094 | ||
Debt instruments | Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 10,907 | 20,898 | 10,994 | ||
Debt instruments | Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | 9,971 | 11,246 | 13,688 | ||
Debt instruments | Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of assets [line items] | |||||
Financial assets, at fair value | € 9,153 | € 5,951 | € 6,412 |
Other disclosures - Fair valu_2
Other disclosures - Fair value of financial liabilities not at fair value (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of fair value measurement of liabilities [line items] | |||||
Other financial liabilities | € 30,235 | € 24,664 | € 28,428 | ||
Carrying amount | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities | 1,200,636 | 1,147,415 | 1,098,230 | ||
Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 1,209,181 | 1,149,709 | 1,105,156 | ||
Other financial liabilities | 30,109 | 24,215 | 27,839 | ||
Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 84,793 | 72,945 | 52,896 | ||
Level 2 | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 132,582 | 127,991 | 153,600 | ||
Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 394,659 | 445,567 | 316,448 | ||
Level 3 | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 1,074 | 442 | € 196 | 196 | € 86 |
Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 729,729 | 631,197 | 735,812 | ||
Deposits | Carrying amount | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities | 942,417 | 903,101 | 883,320 | ||
Deposits | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 942,397 | 902,680 | 883,880 | ||
Deposits | Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 0 | 0 | 0 | ||
Deposits | Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 245,143 | 302,414 | 177,147 | ||
Deposits | Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 697,254 | 600,266 | 706,733 | ||
Debt instruments and other financial liabilities | Carrying amount | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities | 258,219 | 244,314 | 214,910 | ||
Debt instruments and other financial liabilities | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 266,784 | 247,029 | 221,276 | ||
Debt instruments and other financial liabilities | Level 1 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 84,793 | 72,945 | 52,896 | ||
Debt instruments and other financial liabilities | Level 2 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | 149,516 | 143,153 | 139,301 | ||
Debt instruments and other financial liabilities | Level 3 | Not measured at fair value in statement of financial position but for which fair value is disclosed | |||||
Disclosure of fair value measurement of liabilities [line items] | |||||
Financial liabilities, at fair value | € 32,475 | € 30,931 | € 29,079 |
Other disclosures - Fair valu_3
Other disclosures - Fair value available-for-sale (Details) - Equity instruments - Financial assets available for sale, category € in Millions | Dec. 31, 2017EUR (€) |
Disclosure of fair value measurement of assets [line items] | |
Financial assets, at fair value | € 1,211 |
At cost | |
Disclosure of fair value measurement of assets [line items] | |
Financial assets, at fair value | € 1,211 |
Other disclosures - Exposure to
Other disclosures - Exposure to Europe's peripheral countries (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | € 136,377 | € 138,901 | |
Off-balance-sheet government debt securities | 14,517 | 13,364 | € 11,673 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 6,299 | 5,622 | 3,596 |
Banco Popular Espanol, S.A. | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 83,625 | ||
Off-balance-sheet other than derivatives contingent liabilities and commitments | 15,460 | ||
SPAIN | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 213,668 | ||
Off-balance-sheet government debt securities | 12,756 | ||
SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 35,366 | 49,640 | 62,637 |
Off-balance-sheet government debt securities | 11,529 | 10,079 | |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 5,808 | 4,870 | 3,010 |
SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 227,813 | 258,075 | 262,286 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 77,468 | 76,691 | 81,072 |
PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 8,689 | 8,753 | 8,817 |
Off-balance-sheet government debt securities | 1,306 | 1,415 | 1,163 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 224 | 366 | 146 |
PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 39,804 | 38,887 | 41,626 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 7,749 | 8,158 | 8,936 |
ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,735 | 261 | 6,108 |
Off-balance-sheet government debt securities | 453 | 418 | 431 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 267 | 386 | 440 |
ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 20,093 | 17,896 | 13,896 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 4,948 | 5,193 | 4,310 |
Greece | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12 | 80 | 56 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 201 | 200 | 200 |
IRELAND | |||
Disclosure of financial assets [line items] | |||
Off-balance-sheet government debt securities | 2 | ||
IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Off-balance-sheet government debt securities | 2 | ||
IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 14,262 | 11,788 | 3,061 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 996 | 850 | 714 |
Debt instruments | Banco Popular Espanol, S.A. | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 19,601 | ||
Loans and advances - Customers | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Other comprehensive income | 17 | 34 | 31 |
Loans and advances - Customers | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Other comprehensive income and impairment losses recognized | 7,322 | 9,385 | 10,653 |
Loans and advances - Customers | Banco Popular Espanol, S.A. | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Other comprehensive income and impairment losses recognized | 3,986 | ||
Loans and advances - Customers | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 9,993 | 13,615 | 16,470 |
Loans and advances - Customers | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 194,817 | 202,149 | 210,976 |
Loans and advances - Customers | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 3,408 | 3,725 | 3,309 |
Loans and advances - Customers | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 33,403 | 33,596 | 35,650 |
Loans and advances - Customers | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 19 | 80 | 16 |
Loans and advances - Customers | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12,284 | 10,830 | 10,015 |
Loans and advances - Customers | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12 | 80 | 56 |
Loans and advances - Customers | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Loans and advances - Customers | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 11,875 | 10,633 | 1,981 |
Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 14,520 | ||
Financial assets held for trading and financial assets designated as FV with changes in results | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 5,204 | ||
Financial assets held for trading and financial assets designated as FV with changes in results | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 643 | ||
Financial assets held for trading and financial assets designated as FV with changes in results | Greece | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets held for trading and financial assets designated as FV with changes in results | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure - long positions | 9,090 | 3,601 | 6,940 |
Risk exposure effect of short positions | (3,886) | (2,458) | (2,012) |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 656 | 412 | 623 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure - long positions | 31 | 72 | 208 |
Risk exposure effect of short positions | (777) | (115) | (155) |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 190 | 11 | 160 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure - long positions | 1,095 | 477 | 1,962 |
Risk exposure effect of short positions | (452) | (681) | (483) |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 625 | 84 | 438 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure - long positions | 0 | 0 | |
Risk exposure effect of short positions | 0 | 0 | |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 55 | 21 | 20 |
Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Greece | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 321 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 592 | ||
Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 85,459 | ||
Financial assets at fair value through other comprehensive income, category | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 19,961 | ||
Financial assets at fair value through other comprehensive income, category | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 5,450 | ||
Financial assets at fair value through other comprehensive income, category | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,631 | ||
Financial assets at fair value through other comprehensive income, category | Greece | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at fair value through other comprehensive income, category | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 19,961 | 27,078 | |
Financial assets at fair value through other comprehensive income, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,195 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 5,450 | 4,794 | |
Financial assets at fair value through other comprehensive income, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 32 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,631 | 0 | |
Financial assets at fair value through other comprehensive income, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 606 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Financial assets at fair value through other comprehensive income, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,718 | ||
Financial assets available for sale, category | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 37,748 | ||
Financial assets available for sale, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,760 | 4,784 | |
Financial assets available for sale, category | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 5,220 | ||
Financial assets available for sale, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 90 | 764 | |
Financial assets available for sale, category | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 4,613 | ||
Financial assets available for sale, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 635 | 1,010 | |
Financial assets available for sale, category | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Financial assets available for sale, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,093 | 476 | |
Financial assets at amortised cost, category | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 36,398 | ||
Financial assets at amortised cost, category | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 10,201 | ||
Financial assets at amortised cost, category | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 3,985 | ||
Financial assets at amortised cost, category | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 461 | ||
Financial assets at amortised cost, category | Greece | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at amortised cost, category | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at amortised cost, category | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 208 | 7,804 | |
Financial assets at amortised cost, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,501 | ||
Financial assets at amortised cost, category | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 577 | 277 | |
Financial assets at amortised cost, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,956 | ||
Financial assets at amortised cost, category | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 442 | 385 | |
Financial assets at amortised cost, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 153 | ||
Financial assets at amortised cost, category | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at amortised cost, category | Debt instruments | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Financial assets at amortised cost, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 22 | ||
Loans and receivables, category | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,585 | ||
Loans and receivables, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 320 | 2,880 | |
Loans and receivables, category | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 232 | ||
Loans and receivables, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 4,007 | |
Loans and receivables, category | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Loans and receivables, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Loans and receivables, category | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Loans and receivables, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 16 | 584 | |
Held-to-maturity investments, category | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 106 | ||
Held-to-maturity investments, category | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,906 | ||
Held-to-maturity investments, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,662 | ||
Held-to-maturity investments, category | Debt instruments | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 3 | ||
Held-to-maturity investments, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 3,821 | ||
Held-to-maturity investments, category | Debt instruments | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 25 | ||
Hedging derivatives, category | Other Than Credit Default Swaps | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure effect of short positions | (21) | ||
Risk exposure | 474 | 407 | |
Hedging derivatives, category | Other Than Credit Default Swaps | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,417 | 3,880 | 2,299 |
Hedging derivatives, category | Other Than Credit Default Swaps | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure effect of short positions | 0 | ||
Risk exposure | 0 | 0 | |
Hedging derivatives, category | Other Than Credit Default Swaps | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 931 | 1,132 | 1,416 |
Hedging derivatives, category | Other Than Credit Default Swaps | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure effect of short positions | (5) | ||
Risk exposure | 5 | 87 | |
Hedging derivatives, category | Other Than Credit Default Swaps | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 512 | 253 | 211 |
Hedging derivatives, category | Other Than Credit Default Swaps | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 28 | 30 |
Hedging derivatives, category | Other Than Credit Default Swaps | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 2 | |
Hedging derivatives, category | Other Than Credit Default Swaps | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 232 | 127 | 79 |
Hedging derivatives, category | CDS | SPAIN | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2 | (6) | 2 |
Hedging derivatives, category | CDS | PORTUGAL | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | ITALY | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | (5) | 0 | 5 |
Hedging derivatives, category | CDS | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 5 |
Hedging derivatives, category | CDS | Greece | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | IRELAND | Sovereign Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Hedging derivatives, category | CDS | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | € 0 | € 0 | € 0 |
Other disclosures - Other expos
Other disclosures - Other exposure to other counterparties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Banco Popular Espanol, S.A. | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | € 83,625 | ||
Off-balance-sheet other than derivatives contingent liabilities and commitments | 15,460 | ||
SPAIN | |||
Disclosure of financial assets [line items] | |||
Risk exposure | € 213,668 | ||
Off-balance-sheet government debt securities | 12,756 | ||
SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 227,813 | € 258,075 | 262,286 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 77,468 | 76,691 | 81,072 |
PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 39,804 | 38,887 | 41,626 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 7,749 | 8,158 | 8,936 |
ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 20,093 | 17,896 | 13,896 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 4,948 | 5,193 | 4,310 |
GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12 | 80 | 56 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 201 | 200 | 200 |
IRELAND | |||
Disclosure of financial assets [line items] | |||
Off-balance-sheet government debt securities | 2 | ||
IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 14,262 | 11,788 | 3,061 |
Off-balance-sheet other than derivatives contingent liabilities and commitments | 996 | 850 | 714 |
Loans and advances - Customers | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Other comprehensive income and impairment losses recognized | 7,322 | 9,385 | 10,653 |
Loans and advances - Customers | Banco Popular Espanol, S.A. | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Other comprehensive income and impairment losses recognized | 3,986 | ||
Loans and advances - Customers | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 194,817 | 202,149 | 210,976 |
Loans and advances - Customers | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 33,403 | 33,596 | 35,650 |
Loans and advances - Customers | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12,284 | 10,830 | 10,015 |
Loans and advances - Customers | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 12 | 80 | 56 |
Loans and advances - Customers | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 11,875 | 10,633 | 1,981 |
Cash, cash balances at central banks and other deposits on demand | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 21,696 | 42,655 | 36,091 |
Cash, cash balances at central banks and other deposits on demand | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,814 | 1,369 | 761 |
Cash, cash balances at central banks and other deposits on demand | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 182 | 51 | 17 |
Cash, cash balances at central banks and other deposits on demand | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Cash, cash balances at central banks and other deposits on demand | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Reverse repurchase agreements | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 7,627 | 8,117 | 6,932 |
Reverse repurchase agreements | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 409 | 0 | 178 |
Reverse repurchase agreements | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 6,243 | 6,296 | 2,416 |
Reverse repurchase agreements | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Reverse repurchase agreements | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 656 | 412 | 623 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 190 | 11 | 160 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 625 | 84 | 438 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Financial assets held for trading and financial assets designated as FV with changes in results | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 55 | 21 | 20 |
Financial assets at fair value through other comprehensive income, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,195 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 32 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 606 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at fair value through other comprehensive income, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,718 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 321 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 592 | ||
Financial assets at amortised cost, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,501 | ||
Financial assets at amortised cost, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,956 | ||
Financial assets at amortised cost, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 153 | ||
Financial assets at amortised cost, category | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Financial assets at amortised cost, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 22 | ||
Financial assets available for sale, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,760 | 4,784 | |
Financial assets available for sale, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 90 | 764 | |
Financial assets available for sale, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 635 | 1,010 | |
Financial assets available for sale, category | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Financial assets available for sale, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 1,093 | 476 | |
Loans and receivables, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 320 | 2,880 | |
Loans and receivables, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 4,007 | |
Loans and receivables, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Loans and receivables, category | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | |
Loans and receivables, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 16 | 584 | |
Held-to-maturity investments, category | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 106 | ||
Held-to-maturity investments, category | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,662 | ||
Held-to-maturity investments, category | Debt instruments | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 3,821 | ||
Held-to-maturity investments, category | Debt instruments | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | ||
Held-to-maturity investments, category | Debt instruments | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 25 | ||
Hedging derivatives, category | Other Than Credit Default Swaps | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2,417 | 3,880 | 2,299 |
Hedging derivatives, category | Other Than Credit Default Swaps | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 931 | 1,132 | 1,416 |
Hedging derivatives, category | Other Than Credit Default Swaps | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 512 | 253 | 211 |
Hedging derivatives, category | Other Than Credit Default Swaps | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 28 | 30 |
Hedging derivatives, category | Other Than Credit Default Swaps | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 232 | 127 | 79 |
Hedging derivatives, category | CDS | SPAIN | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 2 | (6) | 2 |
Hedging derivatives, category | CDS | PORTUGAL | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | ITALY | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 5 |
Hedging derivatives, category | CDS | GREECE | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | 0 | 0 | 0 |
Hedging derivatives, category | CDS | IRELAND | Other Counterparties Risk | |||
Disclosure of financial assets [line items] | |||
Risk exposure | € 0 | € 0 | € 0 |
Other disclosures - Credit defa
Other disclosures - Credit default swaps (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||
Notional amount | € 362,464 | € 318,807 | |
Hedging derivatives, category | SPAIN | Bought | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 127 | 151 | € 324 |
Financial liabilities at fair value | (3) | ||
Hedging derivatives, category | SPAIN | Bought | Hedging derivatives, category | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial liabilities at fair value | (2) | ||
Hedging derivatives, category | SPAIN | Bought | Hedging derivatives, category | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial liabilities at fair value | (2) | ||
Hedging derivatives, category | SPAIN | Sold | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial liabilities at fair value | (4) | ||
Hedging derivatives, category | SPAIN | Sold | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 340 | 382 | 499 |
Hedging derivatives, category | SPAIN | Sold | Hedging derivatives, category | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 4 | 5 | |
Hedging derivatives, category | SPAIN | Net Long Position | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2 | ||
Hedging derivatives, category | SPAIN | Net Long Position | Hedging derivatives, category | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2 | ||
Hedging derivatives, category | SPAIN | Net Short Position | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial liabilities at fair value | (6) | ||
Hedging derivatives, category | SPAIN | Net Short Position | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 213 | 231 | 175 |
Hedging derivatives, category | PORTUGAL | Bought | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 27 | 26 | 25 |
Financial liabilities at fair value | (1) | ||
Hedging derivatives, category | PORTUGAL | Bought | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 1 | ||
Hedging derivatives, category | PORTUGAL | Sold | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 27 | 26 | 128 |
Hedging derivatives, category | PORTUGAL | Sold | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 1 | ||
Hedging derivatives, category | PORTUGAL | Sold | Hedging derivatives, category | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 1 | ||
Hedging derivatives, category | PORTUGAL | Net Short Position | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 103 | ||
Hedging derivatives, category | ITALY | Bought | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 314 | 25 | |
Financial liabilities at fair value | (5) | ||
Hedging derivatives, category | ITALY | Bought | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 60 | 205 | 225 |
Financial liabilities at fair value | (2) | ||
Hedging derivatives, category | ITALY | Bought | Hedging derivatives, category | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial liabilities at fair value | (5) | (3) | |
Hedging derivatives, category | ITALY | Sold | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 9 | 265 | 450 |
Financial assets, at fair value | 5 | ||
Hedging derivatives, category | ITALY | Sold | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 60 | 75 | 201 |
Financial assets, at fair value | 2 | 5 | |
Hedging derivatives, category | ITALY | Sold | Hedging derivatives, category | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 8 | ||
Hedging derivatives, category | ITALY | Net Long Position | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | 305 | ||
Financial assets, at fair value | 5 | ||
Hedging derivatives, category | ITALY | Net Long Position | Other Counterparties Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | (130) | 24 | |
Financial assets, at fair value | 5 | ||
Hedging derivatives, category | ITALY | Net Short Position | Sovereign Risk | CDS | |||
Disclosure of financial assets [line items] | |||
Notional amount | € 265 | € 425 | |
Financial liabilities at fair value | € (5) |
Primary and secondary segment_3
Primary and secondary segments reporting - Geographical segments (Details) € in Millions | 12 Months Ended | ||||||||
Dec. 31, 2019EUR (€)operating_areasegment | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Jan. 01, 2019EUR (€) | Jan. 01, 2018EUR (€) | Dec. 31, 2016EUR (€) | [3] | |||
Geographical segments | |||||||||
Number of operating segments | segment | 5 | ||||||||
Number of operating areas | operating_area | 4 | ||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | € 1,522,695 | € 1,459,271 | [1] | € 1,444,305 | € 1,443,069 | ||||
Loans and advances to customers | 942,218 | 882,921 | 848,915 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 188,606 | 197,069 | 188,425 | ||||||
Debt instruments | 184,596 | 191,124 | 199,351 | ||||||
Other financial assets | 82,047 | 70,808 | 84,319 | ||||||
Other asset accounts | 125,228 | 117,349 | 123,295 | ||||||
TOTAL LIABILITIES | 1,412,036 | 1,351,910 | [1] | 1,337,472 | 1,337,707 | ||||
Customer deposits | 824,365 | 780,496 | 777,730 | ||||||
Central Banks and Credit institutions | 175,163 | 187,909 | 190,314 | ||||||
Debt instruments | 261,977 | 246,619 | 217,966 | ||||||
Other financial liabilities | 107,374 | 95,007 | 107,299 | ||||||
Other liabilities accounts | 43,157 | 41,879 | 44,163 | ||||||
Total Equity | 110,659 | 107,361 | [1],[2] | 106,833 | € 106,970 | € 105,493 | [3] | € 102,699 | |
Other customer funds under management | 176,911 | 157,855 | 166,574 | ||||||
Investment funds | 142,988 | 127,564 | 135,749 | ||||||
Pension funds | 11,844 | 11,160 | 11,566 | ||||||
Assets under management | 22,079 | 19,131 | 19,259 | ||||||
Customer funds under management | 49,489 | 42,211 | 41,398 | ||||||
(Condensed) income statement | |||||||||
Net interest income | 35,283 | 34,341 | [4] | 34,296 | |||||
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | ||||||
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,665 | ||||||
Other operating income (segments) | 636 | 801 | 797 | ||||||
Total income | 49,229 | 48,424 | [4] | 48,355 | |||||
Administrative expenses and depreciation | (23,280) | (22,779) | (22,993) | ||||||
Profit from operations | 25,949 | 25,645 | 25,362 | ||||||
Net loan loss provisions | (9,321) | (8,873) | (9,209) | ||||||
Other income and charges | (4,085) | (2,571) | (4,062) | ||||||
Operating profit/(loss) before tax | 12,543 | 14,201 | [4] | 12,091 | |||||
Income tax | (4,427) | (4,886) | [4] | (3,884) | |||||
Profit from continuing operations | 8,116 | 9,315 | [4] | 8,207 | |||||
Profit or loss after tax from discontinued operations | 0 | 0 | [4] | 0 | |||||
Profit for the year | 8,116 | 9,315 | [4],[5],[6] | 8,207 | |||||
Profit attributable to non-controlling interests | 1,601 | 1,505 | [4] | 1,588 | |||||
PROFIT ATTRIBUTABLE TO THE PARENT | 6,515 | 7,810 | [4] | 6,619 | |||||
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 31 | 113 | 50 | ||||||
Operating segment | |||||||||
(Condensed) income statement | |||||||||
Net interest income | 35,283 | 34,341 | 34,296 | ||||||
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | ||||||
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,704 | ||||||
Other operating income (segments) | 901 | 801 | 797 | ||||||
Total income | 49,494 | 48,424 | 48,394 | ||||||
Administrative expenses and depreciation | (23,280) | (22,779) | (22,917) | ||||||
Profit from operations | 26,214 | 25,645 | 25,477 | ||||||
Net loan loss provisions | (9,321) | (8,873) | (9,111) | ||||||
Other income and charges | (1,964) | (1,995) | (2,813) | ||||||
Operating profit/(loss) before tax | 14,929 | 14,777 | 13,553 | ||||||
Income tax | (5,103) | (5,230) | (4,588) | ||||||
Profit from continuing operations | 9,826 | 9,547 | 8,965 | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | 9,826 | 9,547 | 8,965 | ||||||
Profit attributable to non-controlling interests | 1,574 | 1,483 | 1,449 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | 8,252 | 8,064 | 7,516 | ||||||
Intra-Group eliminations | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | (190,590) | (179,260) | (150,981) | ||||||
Loans and advances to customers | 0 | 1 | 2 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | (107,894) | (100,400) | (69,190) | ||||||
Debt instruments | 0 | 0 | 0 | ||||||
Other financial assets | 0 | 1 | 0 | ||||||
Other asset accounts | (82,696) | (78,862) | (81,793) | ||||||
TOTAL LIABILITIES | (107,894) | (100,399) | (69,190) | ||||||
Customer deposits | 0 | 0 | 0 | ||||||
Central Banks and Credit institutions | (107,894) | (100,398) | (69,190) | ||||||
Debt instruments | 0 | 0 | 0 | ||||||
Other financial liabilities | 0 | (1) | 0 | ||||||
Other liabilities accounts | 0 | 0 | 0 | ||||||
Total Equity | (82,696) | (78,861) | (81,791) | ||||||
Other customer funds under management | 0 | 0 | 0 | ||||||
Investment funds | 0 | 0 | 0 | ||||||
Pension funds | 0 | 0 | 0 | ||||||
Assets under management | 0 | 0 | 0 | ||||||
Customer funds under management | 0 | 0 | 0 | ||||||
(Condensed) income statement | |||||||||
Net interest income | 0 | 0 | 0 | ||||||
Net fee and commission income (expense) | 0 | 0 | 0 | ||||||
Gains (losses) on financial transactions | 0 | 0 | (39) | ||||||
Other operating income (segments) | (265) | 0 | 0 | ||||||
Total income | (265) | 0 | (39) | ||||||
Administrative expenses and depreciation | 0 | 0 | (76) | ||||||
Profit from operations | (265) | 0 | (115) | ||||||
Net loan loss provisions | 0 | 0 | (98) | ||||||
Other income and charges | (2,121) | (576) | (1,249) | ||||||
Operating profit/(loss) before tax | (2,386) | (576) | (1,462) | ||||||
Income tax | 676 | 344 | 704 | ||||||
Profit for the year | (1,710) | (232) | (758) | ||||||
Profit attributable to non-controlling interests | 27 | 22 | 139 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | (1,737) | (254) | (897) | ||||||
Continental Europe | |||||||||
(Condensed) income statement | |||||||||
Net interest income | 14,201 | 14,204 | 13,529 | ||||||
Net fee and commission income (expense) | 5,260 | 5,434 | 5,163 | ||||||
Gains (losses) on financial transactions | 1,036 | 1,114 | 907 | ||||||
Other operating income (segments) | 504 | 505 | 463 | ||||||
Total income | 21,001 | 21,257 | 20,062 | ||||||
Administrative expenses and depreciation | (11,044) | (11,166) | (10,454) | ||||||
Profit from operations | 9,957 | 10,091 | 9,608 | ||||||
Net loan loss provisions | (1,839) | (1,572) | (1,313) | ||||||
Other income and charges | (768) | (1,027) | (1,207) | ||||||
Operating profit/(loss) before tax | 7,350 | 7,492 | 7,088 | ||||||
Income tax | (1,979) | (2,020) | (1,980) | ||||||
Profit from continuing operations | 5,371 | 5,472 | 5,108 | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | 5,371 | 5,472 | 5,108 | ||||||
Profit attributable to non-controlling interests | 493 | 424 | 408 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | 4,878 | 5,048 | 4,700 | ||||||
Continental Europe | Operating segment | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | 1,057,038 | 1,020,737 | 1,023,053 | ||||||
Loans and advances to customers | 676,904 | 639,966 | 623,604 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 180,389 | 172,298 | 155,203 | ||||||
Debt instruments | 104,381 | 118,221 | 125,848 | ||||||
Other financial assets | 53,893 | 49,263 | 64,608 | ||||||
Other asset accounts | 41,471 | 40,989 | 53,790 | ||||||
TOTAL LIABILITIES | 1,000,905 | 966,727 | 966,064 | ||||||
Customer deposits | 600,380 | 571,834 | 576,072 | ||||||
Central Banks and Credit institutions | 189,791 | 192,685 | 179,057 | ||||||
Debt instruments | 133,544 | 129,574 | 122,325 | ||||||
Other financial liabilities | 60,807 | 53,687 | 67,041 | ||||||
Other liabilities accounts | 16,383 | 18,947 | 21,569 | ||||||
Total Equity | 56,133 | 54,010 | 56,989 | ||||||
Other customer funds under management | 86,558 | 76,524 | 82,287 | ||||||
Investment funds | 62,203 | 55,239 | 60,254 | ||||||
Pension funds | 11,746 | 11,062 | 11,490 | ||||||
Assets under management | 12,609 | 10,223 | 10,543 | ||||||
Customer funds under management | 33,107 | 28,555 | 27,790 | ||||||
North America | |||||||||
(Condensed) income statement | |||||||||
Net interest income | 8,926 | 8,154 | 8,170 | ||||||
Net fee and commission income (expense) | 1,776 | 1,615 | 1,721 | ||||||
Gains (losses) on financial transactions | 230 | 173 | 159 | ||||||
Other operating income (segments) | 672 | 534 | 370 | ||||||
Total income | 11,604 | 10,476 | 10,420 | ||||||
Administrative expenses and depreciation | (4,967) | (4,488) | (4,580) | ||||||
Profit from operations | 6,637 | 5,988 | 5,840 | ||||||
Net loan loss provisions | (3,656) | (3,449) | (3,685) | ||||||
Other income and charges | (205) | (202) | (129) | ||||||
Operating profit/(loss) before tax | 2,776 | 2,337 | 2,026 | ||||||
Income tax | (683) | (599) | (486) | ||||||
Profit from continuing operations | 2,093 | 1,738 | 1,540 | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | 2,093 | 1,738 | 1,540 | ||||||
Profit attributable to non-controlling interests | 426 | 434 | 422 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | 1,667 | 1,304 | 1,118 | ||||||
North America | Operating segment | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | 223,857 | 200,919 | 172,591 | ||||||
Loans and advances to customers | 133,726 | 116,196 | 98,424 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 22,885 | 28,845 | 23,256 | ||||||
Debt instruments | 33,746 | 27,302 | 27,519 | ||||||
Other financial assets | 10,759 | 9,974 | 8,996 | ||||||
Other asset accounts | 22,741 | 18,602 | 14,396 | ||||||
TOTAL LIABILITIES | 199,955 | 179,046 | 152,455 | ||||||
Customer deposits | 98,915 | 91,895 | 81,581 | ||||||
Central Banks and Credit institutions | 38,942 | 26,048 | 24,131 | ||||||
Debt instruments | 44,098 | 43,758 | 31,344 | ||||||
Other financial liabilities | 11,763 | 11,379 | 10,183 | ||||||
Other liabilities accounts | 6,237 | 5,966 | 5,216 | ||||||
Total Equity | 23,902 | 21,873 | 20,136 | ||||||
Other customer funds under management | 14,319 | 12,785 | 12,790 | ||||||
Investment funds | 11,703 | 10,436 | 10,371 | ||||||
Pension funds | 98 | 98 | 0 | ||||||
Assets under management | 2,518 | 2,251 | 2,419 | ||||||
Customer funds under management | 15,872 | 13,528 | 13,561 | ||||||
South America | |||||||||
(Condensed) income statement | |||||||||
Net interest income | 13,316 | 12,891 | 13,383 | ||||||
Net fee and commission income (expense) | 4,787 | 4,497 | 4,744 | ||||||
Gains (losses) on financial transactions | 565 | 498 | 863 | ||||||
Other operating income (segments) | (243) | (212) | 69 | ||||||
Total income | 18,425 | 17,674 | 19,059 | ||||||
Administrative expenses and depreciation | (6,656) | (6,557) | (7,339) | ||||||
Profit from operations | 11,769 | 11,117 | 11,720 | ||||||
Net loan loss provisions | (3,789) | (3,737) | (4,067) | ||||||
Other income and charges | (748) | (663) | (1,290) | ||||||
Operating profit/(loss) before tax | 7,232 | 6,717 | 6,363 | ||||||
Income tax | (2,644) | (2,642) | (2,156) | ||||||
Profit from continuing operations | 4,588 | 4,075 | 4,207 | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | 4,588 | 4,075 | 4,207 | ||||||
Profit attributable to non-controlling interests | 664 | 624 | 620 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | 3,924 | 3,451 | 3,587 | ||||||
South America | Operating segment | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | 253,804 | 237,480 | 235,144 | ||||||
Loans and advances to customers | 125,122 | 119,912 | 121,467 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 51,360 | 48,318 | 46,131 | ||||||
Debt instruments | 45,619 | 45,224 | 44,148 | ||||||
Other financial assets | 14,802 | 9,311 | 8,599 | ||||||
Other asset accounts | 16,901 | 14,715 | 14,799 | ||||||
TOTAL LIABILITIES | 231,321 | 215,605 | 211,148 | ||||||
Customer deposits | 114,817 | 108,248 | 112,874 | ||||||
Central Banks and Credit institutions | 41,989 | 38,584 | 31,366 | ||||||
Debt instruments | 29,840 | 31,504 | 29,267 | ||||||
Other financial liabilities | 34,062 | 28,570 | 28,403 | ||||||
Other liabilities accounts | 10,613 | 8,699 | 9,238 | ||||||
Total Equity | 22,483 | 21,875 | 23,996 | ||||||
Other customer funds under management | 76,023 | 68,172 | 70,811 | ||||||
Investment funds | 69,071 | 61,515 | 64,514 | ||||||
Pension funds | 0 | 0 | 0 | ||||||
Assets under management | 6,952 | 6,657 | 6,297 | ||||||
Customer funds under management | 60 | 128 | 47 | ||||||
Santander Global Platform | |||||||||
(Condensed) income statement | |||||||||
Net interest income | 92 | 79 | 63 | ||||||
Net fee and commission income (expense) | 6 | 7 | 7 | ||||||
Gains (losses) on financial transactions | (3) | 0 | 0 | ||||||
Other operating income (segments) | (14) | (12) | (11) | ||||||
Total income | 81 | 74 | 59 | ||||||
Administrative expenses and depreciation | (240) | (142) | (67) | ||||||
Profit from operations | (159) | (68) | (8) | ||||||
Net loan loss provisions | (1) | 0 | 0 | ||||||
Other income and charges | (6) | (2) | (6) | ||||||
Operating profit/(loss) before tax | (166) | (70) | (14) | ||||||
Income tax | 46 | 17 | 2 | ||||||
Profit from continuing operations | (120) | (53) | (12) | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | (120) | (53) | (12) | ||||||
Profit attributable to non-controlling interests | 0 | 1 | 0 | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | (120) | (54) | (12) | ||||||
Santander Global Platform | Operating segment | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | 10,234 | 8,781 | 7,372 | ||||||
Loans and advances to customers | 702 | 337 | 92 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 9,063 | 8,168 | 7,128 | ||||||
Debt instruments | 10 | 0 | 68 | ||||||
Other financial assets | 187 | 146 | 0 | ||||||
Other asset accounts | 272 | 130 | 84 | ||||||
TOTAL LIABILITIES | 9,760 | 8,492 | 7,135 | ||||||
Customer deposits | 9,460 | 8,284 | 6,981 | ||||||
Central Banks and Credit institutions | 82 | 111 | 63 | ||||||
Debt instruments | 0 | 0 | 0 | ||||||
Other financial liabilities | 106 | 38 | 44 | ||||||
Other liabilities accounts | 112 | 59 | 47 | ||||||
Total Equity | 474 | 289 | 237 | ||||||
Other customer funds under management | 0 | 367 | 686 | ||||||
Investment funds | 0 | 367 | 610 | ||||||
Pension funds | 0 | 0 | 76 | ||||||
Assets under management | 0 | 0 | 0 | ||||||
Customer funds under management | 450 | 0 | 0 | ||||||
Corporate center | |||||||||
(Condensed) income statement | |||||||||
Net interest income | (1,252) | (987) | (849) | ||||||
Net fee and commission income (expense) | (50) | (68) | (38) | ||||||
Gains (losses) on financial transactions | (297) | 12 | (225) | ||||||
Other operating income (segments) | (18) | (14) | (94) | ||||||
Total income | (1,617) | (1,057) | (1,206) | ||||||
Administrative expenses and depreciation | (373) | (426) | (477) | ||||||
Profit from operations | (1,990) | (1,483) | (1,683) | ||||||
Net loan loss provisions | (36) | (115) | (46) | ||||||
Other income and charges | (237) | (101) | (181) | ||||||
Operating profit/(loss) before tax | (2,263) | (1,699) | (1,910) | ||||||
Income tax | 157 | 14 | 32 | ||||||
Profit from continuing operations | (2,106) | (1,685) | (1,878) | ||||||
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | ||||||
Profit for the year | (2,106) | (1,685) | (1,878) | ||||||
Profit attributable to non-controlling interests | (9) | 0 | (1) | ||||||
PROFIT ATTRIBUTABLE TO THE PARENT | (2,097) | (1,685) | (1,877) | ||||||
Corporate center | Operating segment | |||||||||
(Condensed) balance sheet | |||||||||
TOTAL ASSETS | 168,352 | 170,614 | 157,126 | ||||||
Loans and advances to customers | 5,764 | 6,509 | 5,326 | ||||||
Cash, Cash balances at Central Banks and other deposits on demand, Central Banks and Credit institutions | 32,803 | 39,840 | 25,897 | ||||||
Debt instruments | 840 | 377 | 1,768 | ||||||
Other financial assets | 2,406 | 2,113 | 2,116 | ||||||
Other asset accounts | 126,539 | 121,775 | 122,019 | ||||||
TOTAL LIABILITIES | 77,989 | 82,439 | 69,860 | ||||||
Customer deposits | 793 | 235 | 222 | ||||||
Central Banks and Credit institutions | 12,253 | 30,879 | 24,887 | ||||||
Debt instruments | 54,495 | 41,783 | 35,030 | ||||||
Other financial liabilities | 636 | 1,334 | 1,628 | ||||||
Other liabilities accounts | 9,812 | 8,208 | 8,093 | ||||||
Total Equity | 90,363 | 88,175 | 87,266 | ||||||
Other customer funds under management | 11 | 7 | 0 | ||||||
Investment funds | 11 | 7 | 0 | ||||||
Pension funds | 0 | 0 | 0 | ||||||
Assets under management | 0 | 0 | 0 | ||||||
Customer funds under management | € 0 | € 0 | € 0 | ||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||
[3] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||
[4] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||
[5] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||
[6] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Primary and secondary segment_4
Primary and secondary segments reporting - Business segments (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Business segments | ||||
Net interest income | € 35,283 | € 34,341 | [1] | € 34,296 |
Income from equity instruments | 533 | 370 | [1] | 384 |
Income from companies accounted for using the equity method | 324 | 737 | [1] | 704 |
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | |
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,665 | |
Other operating income (segments) | 636 | 801 | 797 | |
Total income | 49,229 | 48,424 | [1] | 48,355 |
Administrative expenses and depreciation | (23,280) | (22,779) | (22,993) | |
Profit from operations | 25,949 | 25,645 | 25,362 | |
Net loan loss provisions | (9,321) | (8,873) | (9,209) | |
Other non-financial gains/(losses) | (4,085) | (2,571) | (4,062) | |
Operating profit/(loss) before tax | 12,543 | 14,201 | [1] | 12,091 |
Income tax | (4,427) | (4,886) | [1] | (3,884) |
Profit from continuing operations | 8,116 | 9,315 | [1] | 8,207 |
Profit or loss after tax from discontinued operations | 0 | 0 | [1] | 0 |
Profit for the year | 8,116 | 9,315 | [1],[2],[3] | 8,207 |
Profit attributable to non-controlling interests | 1,601 | 1,505 | [1] | 1,588 |
Profit attributable to the parent | 6,515 | 7,810 | [1] | 6,619 |
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 31 | 113 | 50 | |
Retail Banking | ||||
Business segments | ||||
Net interest income | 33,157 | 32,261 | 32,169 | |
Net fee and commission income (expense) | 9,094 | 8,870 | 9,295 | |
Gains (losses) on financial transactions | 975 | 756 | 685 | |
Other operating income (segments) | 297 | 344 | 255 | |
Total income | 43,523 | 42,231 | 42,404 | |
Administrative expenses and depreciation | (19,481) | (19,237) | (19,752) | |
Profit from operations | 24,042 | 22,994 | 22,652 | |
Net loan loss provisions | (9,154) | (8,549) | (8,374) | |
Other non-financial gains/(losses) | (1,623) | (1,791) | (2,535) | |
Operating profit/(loss) before tax | 13,265 | 12,654 | 11,743 | |
Income tax | (4,156) | (4,144) | (3,688) | |
Profit from continuing operations | 9,109 | 8,510 | 8,055 | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | 9,109 | 8,510 | 8,055 | |
Profit attributable to non-controlling interests | 1,361 | 1,272 | 1,218 | |
Profit attributable to the parent | 7,748 | 7,238 | 6,837 | |
Santander Corporate and Investment Banking | ||||
Business segments | ||||
Net interest income | 2,721 | 2,461 | 2,442 | |
Net fee and commission income (expense) | 1,528 | 1,534 | 1,621 | |
Gains (losses) on financial transactions | 740 | 898 | 1,207 | |
Other operating income (segments) | 295 | 184 | 221 | |
Total income | 5,284 | 5,077 | 5,491 | |
Administrative expenses and depreciation | (2,275) | (2,101) | (2,028) | |
Profit from operations | 3,009 | 2,976 | 3,463 | |
Net loan loss provisions | (155) | (199) | (682) | |
Other non-financial gains/(losses) | (86) | (97) | (80) | |
Operating profit/(loss) before tax | 2,768 | 2,680 | 2,701 | |
Income tax | (838) | (832) | (747) | |
Profit from continuing operations | 1,930 | 1,848 | 1,954 | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | 1,930 | 1,848 | 1,954 | |
Profit attributable to non-controlling interests | 169 | 157 | 182 | |
Profit attributable to the parent | 1,761 | 1,691 | 1,772 | |
Wealth Management and Insurance | ||||
Business segments | ||||
Net interest income | 565 | 527 | 471 | |
Net fee and commission income (expense) | 1,201 | 1,142 | 712 | |
Gains (losses) on financial transactions | 116 | 131 | 37 | |
Other operating income (segments) | 341 | 299 | 426 | |
Total income | 2,223 | 2,099 | 1,646 | |
Administrative expenses and depreciation | (911) | (873) | (593) | |
Profit from operations | 1,312 | 1,226 | 1,053 | |
Net loan loss provisions | 25 | (10) | (9) | |
Other non-financial gains/(losses) | (12) | (4) | (11) | |
Operating profit/(loss) before tax | 1,325 | 1,212 | 1,033 | |
Income tax | (312) | (285) | (187) | |
Profit from continuing operations | 1,013 | 927 | 846 | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | 1,013 | 927 | 846 | |
Profit attributable to non-controlling interests | 53 | 52 | 50 | |
Profit attributable to the parent | 960 | 875 | 796 | |
Santander Global Platform | ||||
Business segments | ||||
Net interest income | 92 | 79 | 63 | |
Net fee and commission income (expense) | 6 | 7 | 7 | |
Gains (losses) on financial transactions | (3) | 0 | 0 | |
Other operating income (segments) | (14) | (12) | (11) | |
Total income | 81 | 74 | 59 | |
Administrative expenses and depreciation | (240) | (142) | (67) | |
Profit from operations | (159) | (68) | (8) | |
Net loan loss provisions | (1) | 0 | 0 | |
Other non-financial gains/(losses) | (6) | (2) | (6) | |
Operating profit/(loss) before tax | (166) | (70) | (14) | |
Income tax | 46 | 17 | 2 | |
Profit from continuing operations | (120) | (53) | (12) | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | (120) | (53) | (12) | |
Profit attributable to non-controlling interests | 0 | 1 | 0 | |
Profit attributable to the parent | (120) | (54) | (12) | |
Corporate center | ||||
Business segments | ||||
Net interest income | (1,252) | (987) | (849) | |
Net fee and commission income (expense) | (50) | (68) | (38) | |
Gains (losses) on financial transactions | (297) | 12 | (225) | |
Other operating income (segments) | (18) | (14) | (94) | |
Total income | (1,617) | (1,057) | (1,206) | |
Administrative expenses and depreciation | (373) | (426) | (477) | |
Profit from operations | (1,990) | (1,483) | (1,683) | |
Net loan loss provisions | (36) | (115) | (46) | |
Other non-financial gains/(losses) | (237) | (101) | (181) | |
Operating profit/(loss) before tax | (2,263) | (1,699) | (1,910) | |
Income tax | 157 | 14 | 32 | |
Profit from continuing operations | (2,106) | (1,685) | (1,878) | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | (2,106) | (1,685) | (1,878) | |
Profit attributable to non-controlling interests | (9) | 1 | (1) | |
Profit attributable to the parent | (2,097) | (1,686) | (1,877) | |
Operating segment | ||||
Business segments | ||||
Net interest income | 35,283 | 34,341 | 34,296 | |
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | |
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,704 | |
Other operating income (segments) | 901 | 801 | 797 | |
Total income | 49,494 | 48,424 | 48,394 | |
Administrative expenses and depreciation | (23,280) | (22,779) | (22,917) | |
Profit from operations | 26,214 | 25,645 | 25,477 | |
Net loan loss provisions | (9,321) | (8,873) | (9,111) | |
Other non-financial gains/(losses) | (1,964) | (1,995) | (2,813) | |
Operating profit/(loss) before tax | 14,929 | 14,777 | 13,553 | |
Income tax | (5,103) | (5,230) | (4,588) | |
Profit from continuing operations | 9,826 | 9,547 | 8,965 | |
Profit or loss after tax from discontinued operations | 0 | 0 | 0 | |
Profit for the year | 9,826 | 9,547 | 8,965 | |
Profit attributable to non-controlling interests | 1,574 | 1,483 | 1,449 | |
Profit attributable to the parent | € 8,252 | € 8,064 | € 7,516 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Primary and secondary segment_5
Primary and secondary segments reporting - Reconciliation (Details) - EUR (€) € in Millions | Nov. 21, 2017 | Mar. 07, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Business segments | ||||||
Net interest income | € 35,283 | € 34,341 | [1] | € 34,296 | ||
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | |||
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,665 | |||
Other operating income (segments) | 636 | 801 | 797 | |||
Total income | 49,229 | 48,424 | [1] | 48,355 | ||
Administrative expenses and depreciation | (23,280) | (22,779) | (22,993) | |||
Profit from operations | 25,949 | 25,645 | 25,362 | |||
Net loan loss provisions | (9,321) | (8,873) | (9,209) | |||
Other non-financial gains/(losses) | (4,085) | (2,571) | (4,062) | |||
Operating profit/(loss) before tax | 12,543 | 14,201 | [1] | 12,091 | ||
Income tax | (4,427) | (4,886) | [1] | (3,884) | ||
Profit for the year | 8,116 | 9,315 | [1],[2],[3] | 8,207 | ||
Profit attributable to non-controlling interests | 1,601 | 1,505 | [1] | 1,588 | ||
Profit attributable to the parent | 6,515 | 7,810 | [1] | 6,619 | ||
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 31 | 113 | 50 | |||
Restructuring costs, net of tax | (864) | |||||
Provisions intangible assets and other | (174) | |||||
Gain on integration of custody business | 693 | |||||
Proceeds from sale of equity method investment | 686 | 2,327 | [3] | 883 | ||
Proportion of share capital in disposal group sold | 25.00% | |||||
Impairment on equity investment and intangible assets | (130) | |||||
Impairment losses | (1,491) | 0 | (899) | |||
Impacts of USA tax reform and other impairments, net of tax | (76) | |||||
Santander UK plc | ||||||
Business segments | ||||||
Goodwill impairment, net of tax | (1,491) | |||||
Santander Consumer USA Holdings Inc. | ||||||
Business segments | ||||||
Goodwill impairment, net of tax | (603) | |||||
Impairment losses | (899) | |||||
SPAIN | ||||||
Business segments | ||||||
Losses related to real estate business | (405) | |||||
BRAZIL | ||||||
Business segments | ||||||
Tax effect from change in tax rate | 551 | |||||
GERMANY | ||||||
Business segments | ||||||
Restructuring costs, net of tax | (85) | |||||
Restructuring costs | (125) | |||||
Operating segment | ||||||
Business segments | ||||||
Net interest income | 35,283 | 34,341 | 34,296 | |||
Net fee and commission income (expense) | 11,779 | 11,485 | 11,597 | |||
Gains (losses) on financial transactions | 1,531 | 1,797 | 1,704 | |||
Other operating income (segments) | 901 | 801 | 797 | |||
Total income | 49,494 | 48,424 | 48,394 | |||
Administrative expenses and depreciation | (23,280) | (22,779) | (22,917) | |||
Profit from operations | 26,214 | 25,645 | 25,477 | |||
Net loan loss provisions | (9,321) | (8,873) | (9,111) | |||
Other non-financial gains/(losses) | (1,964) | (1,995) | (2,813) | |||
Operating profit/(loss) before tax | 14,929 | 14,777 | 13,553 | |||
Income tax | (5,103) | (5,230) | (4,588) | |||
Profit for the year | 9,826 | 9,547 | 8,965 | |||
Profit attributable to non-controlling interests | 1,574 | 1,483 | 1,449 | |||
Profit attributable to the parent | 8,252 | 8,064 | 7,516 | |||
Intra-Group eliminations | ||||||
Business segments | ||||||
Net interest income | 0 | 0 | 0 | |||
Net fee and commission income (expense) | 0 | 0 | 0 | |||
Gains (losses) on financial transactions | 0 | 0 | (39) | |||
Other operating income (segments) | (265) | 0 | 0 | |||
Total income | (265) | 0 | (39) | |||
Administrative expenses and depreciation | 0 | 0 | (76) | |||
Profit from operations | (265) | 0 | (115) | |||
Net loan loss provisions | 0 | 0 | (98) | |||
Other non-financial gains/(losses) | (2,121) | (576) | (1,249) | |||
Operating profit/(loss) before tax | (2,386) | (576) | (1,462) | |||
Income tax | 676 | 344 | 704 | |||
Profit for the year | (1,710) | (232) | (758) | |||
Profit attributable to non-controlling interests | 27 | 22 | 139 | |||
Profit attributable to the parent | (1,737) | (254) | € (897) | |||
Prisma | ||||||
Business segments | ||||||
Gain on sale of holdings in joint venture | 136 | |||||
Allfunds Bank Sa | ||||||
Business segments | ||||||
Proportion of ownership interest in joint venture to be sold | 100.00% | 100.00% | 100.00% | |||
Proceeds from sale of equity method investment | € 501 | € 501 | ||||
Proportion of share capital in disposal group sold | 25.00% | |||||
Net gain on disposal of investment | € 297 | 425 | ||||
Net gain on disposal, net of tax | 297 | |||||
Banco Popular Espanol, S.A. | ||||||
Business segments | ||||||
Restructuring costs, net of tax | (300) | (300) | ||||
Restructuring costs | € (425) | |||||
Banco Popular Espanol, S.A. | SPAIN | ||||||
Business segments | ||||||
Restructuring costs, net of tax | (280) | |||||
Banco Popular Espanol, S.A. | PORTUGAL | ||||||
Business segments | ||||||
Restructuring costs, net of tax | (20) | |||||
Banco Popular Espanol, S.A. | Corporate product center | ||||||
Business segments | ||||||
Restructuring costs, net of tax | (40) | |||||
Retail and Private Banking Business of Deutsche Bank Polska SA | ||||||
Business segments | ||||||
Goodwill impairment, net of tax | € (45) | |||||
Santander UK plc | ||||||
Business segments | ||||||
Provisions for PPI | € 183 | |||||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Related parties (Details)
Related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Associates and Joint Ventures | |||
Related parties | |||
Assets, related party | € 9,659 | € 7,202 | € 6,048 |
Liabilities, related party | 2,689 | 1,650 | 748 |
Income Statement, related party | 1,386 | 993 | 1,020 |
Interest income, related party | 111 | 73 | 57 |
Interest expense, related party | 15 | 3 | 3 |
Gains/losses on financial assets and liabilities and others, related party | 47 | 82 | 302 |
Commission income, related party | 1,269 | 853 | 735 |
Commission expense, related party | 26 | 12 | 71 |
Other, related party | 4,219 | 4,707 | 3,881 |
Contingent liabilities and others | 17 | 21 | 6 |
Contingent commitments | 197 | 393 | 301 |
Derivative financial instruments | 4,005 | 4,293 | 3,574 |
Associates and Joint Ventures | Deposits - Credit institutions | |||
Related parties | |||
Liabilities, related party | 563 | 8 | 309 |
Associates and Joint Ventures | Deposits - Customers | |||
Related parties | |||
Liabilities, related party | 2,064 | 1,596 | 414 |
Associates and Joint Ventures | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 8 | 4 |
Associates and Joint Ventures | Other financial liabilities | |||
Related parties | |||
Liabilities, related party | 62 | 38 | 21 |
Associates and Joint Ventures | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 740 | 0 | 0 |
Associates and Joint Ventures | Loans and advances - Credit institutions | |||
Related parties | |||
Assets, related party | 961 | 704 | 472 |
Associates and Joint Ventures | Loans and advances - Customers | |||
Related parties | |||
Assets, related party | 6,950 | 6,142 | 5,081 |
Associates and Joint Ventures | Debt instruments | |||
Related parties | |||
Assets, related party | 848 | 295 | 473 |
Associates and Joint Ventures | Other financial assets | |||
Related parties | |||
Assets, related party | 160 | 61 | 22 |
Members of the board of directors | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Liabilities, related party | 41 | 19 | 19 |
Income Statement, related party | 0 | 0 | 0 |
Interest income, related party | 0 | 0 | 0 |
Interest expense, related party | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 0 | 0 | 0 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 7 | 9 | 7 |
Contingent liabilities and others | 5 | 7 | 6 |
Contingent commitments | 1 | 1 | 1 |
Derivative financial instruments | 1 | 1 | 0 |
Members of the board of directors | Deposits - Credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Deposits - Customers | |||
Related parties | |||
Liabilities, related party | 41 | 19 | 19 |
Members of the board of directors | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Other financial liabilities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Loans and advances - Credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Loans and advances - Customers | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Other financial assets | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vice presidents | |||
Related parties | |||
Assets, related party | 26 | 30 | 21 |
Liabilities, related party | 12 | 12 | 14 |
Income Statement, related party | 0 | 0 | 0 |
Interest income, related party | 0 | 0 | 0 |
Interest expense, related party | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 0 | 0 | 0 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 3 | 3 | 3 |
Contingent liabilities and others | 2 | 1 | 1 |
Contingent commitments | 1 | 2 | 2 |
Derivative financial instruments | 0 | 0 | 0 |
Executive vice presidents | Deposits - Credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vice presidents | Deposits - Customers | |||
Related parties | |||
Liabilities, related party | 12 | 12 | 14 |
Executive vice presidents | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vice presidents | Other financial liabilities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vice presidents | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vice presidents | Loans and advances - Credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vice presidents | Loans and advances - Customers | |||
Related parties | |||
Assets, related party | 26 | 30 | 21 |
Executive vice presidents | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vice presidents | Other financial assets | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | |||
Related parties | |||
Assets, related party | 104 | 256 | 300 |
Liabilities, related party | 57 | 363 | 63 |
Income Statement, related party | 2 | 31 | 14 |
Interest income, related party | 1 | 14 | 8 |
Interest expense, related party | 0 | 1 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 1 | 18 | 6 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 49 | 782 | 597 |
Contingent liabilities and others | 38 | 508 | 352 |
Contingent commitments | 6 | 64 | 60 |
Derivative financial instruments | 5 | 210 | 185 |
Other related parties | Deposits - Credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Deposits - Customers | |||
Related parties | |||
Liabilities, related party | 57 | 363 | 63 |
Other related parties | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Other financial liabilities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | Loans and advances - Credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | Loans and advances - Customers | |||
Related parties | |||
Assets, related party | 104 | 256 | 279 |
Other related parties | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 21 |
Other related parties | Other financial assets | |||
Related parties | |||
Assets, related party | € 0 | € 0 | € 0 |
Risk management - Risk Governan
Risk management - Risk Governance (Details) | 12 Months Ended |
Dec. 31, 2019areareportline_of_defense | |
Risk management | |
Risk management and control model, number of lines of defense | line_of_defense | 3 |
Number of main areas for risk identification | area | 3 |
Number of reports | report | 3 |
Risk management - Credit Risk f
Risk management - Credit Risk from Customers (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Loans and advances to customers | € 942,218 | € 882,921 | € 848,915 |
Banco Santander S.A. | |||
Credit risk | |||
Credit risk with customers | € 1,016,507 | € 958,153 | € 920,968 |
Non-performing rate (as a percent) | 3.32% | 3.73% | 4.08% |
Banco Santander S.A. | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 33,799 | € 35,692 | € 37,596 |
Continental Europe | |||
Credit risk | |||
Credit risk with customers | € 722,661 | € 688,810 | € 671,776 |
Non-performing rate (as a percent) | 3.25% | 3.67% | 4.16% |
Percentage decrease in non-performing loans ratio | 0.42% | ||
Continental Europe | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 23,519 | € 25,287 | € 27,964 |
Continental Europe | Santander Consumer Finance, S.A. | |||
Credit risk | |||
Credit risk with customers | € 105,048 | € 97,922 | € 92,589 |
Non-performing rate (as a percent) | 2.30% | 2.29% | 2.50% |
Continental Europe | Santander Consumer Finance, S.A. | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 2,416 | € 2,244 | € 2,319 |
Continental Europe | SPAIN | |||
Credit risk | |||
Credit risk with customers | € 213,668 | € 227,401 | € 237,327 |
Non-performing rate (as a percent) | 6.94% | 7.32% | 7.70% |
Continental Europe | SPAIN | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 14,824 | € 16,651 | € 18,270 |
Non-performing rate (as a percent) | 6.94% | ||
Percentage decrease in non-performing loans ratio | 0.38% | ||
Continental Europe | UK | |||
Credit risk | |||
Credit risk with customers | € 275,941 | € 252,919 | € 242,993 |
Non-performing rate (as a percent) | 1.01% | 1.08% | 1.32% |
Continental Europe | UK | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 2,786 | € 2,739 | € 3,210 |
Continental Europe | PORTUGAL | |||
Credit risk | |||
Credit risk with customers | € 37,978 | € 38,340 | € 39,394 |
Non-performing rate (as a percent) | 4.83% | 5.94% | 7.51% |
Continental Europe | PORTUGAL | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,834 | € 2,279 | € 2,959 |
Continental Europe | POLAND | |||
Credit risk | |||
Credit risk with customers | € 33,566 | € 30,783 | € 24,391 |
Non-performing rate (as a percent) | 4.31% | 4.28% | 4.57% |
Continental Europe | POLAND | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,447 | € 1,317 | € 1,114 |
North America | |||
Credit risk | |||
Credit risk with customers | € 143,839 | € 125,916 | € 106,129 |
Non-performing rate (as a percent) | 2.20% | 2.79% | 2.77% |
Percentage decrease in non-performing loans ratio | 0.59% | ||
North America | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 3,165 | € 3,510 | € 2,935 |
North America | UNITED STATES | |||
Credit risk | |||
Credit risk with customers | € 105,792 | € 92,152 | € 77,190 |
Non-performing rate (as a percent) | 2.20% | 2.92% | 2.79% |
Percentage decrease in non-performing loans ratio | 0.72% | ||
North America | UNITED STATES | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 2,331 | € 2,688 | € 2,156 |
North America | UNITED STATES | Santander Bank, National Association | |||
Credit risk | |||
Credit risk with customers | € 56,640 | € 51,049 | € 44,237 |
Non-performing rate (as a percent) | 0.69% | 0.88% | 1.21% |
North America | UNITED STATES | Santander Bank, National Association | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 389 | € 450 | € 536 |
North America | UNITED STATES | Santander Consumer USA Holdings Inc. | |||
Credit risk | |||
Credit risk with customers | € 29,021 | € 26,424 | € 24,079 |
Non-performing rate (as a percent) | 6.16% | 7.73% | 5.86% |
Percentage decrease in non-performing loans ratio | 1.58% | ||
North America | UNITED STATES | Santander Consumer USA Holdings Inc. | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,787 | € 2,043 | € 1,410 |
North America | MEXICO | |||
Credit risk | |||
Credit risk with customers | € 38,047 | € 33,764 | € 28,939 |
Non-performing rate (as a percent) | 2.19% | 2.43% | 2.69% |
North America | MEXICO | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 834 | € 822 | € 779 |
South America | |||
Credit risk | |||
Credit risk with customers | € 143,428 | € 138,134 | € 138,577 |
Non-performing rate (as a percent) | 4.86% | 4.81% | 4.82% |
South America | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 6,972 | € 6,639 | € 6,685 |
South America | BRAZIL | |||
Credit risk | |||
Credit risk with customers | € 88,893 | € 84,212 | € 83,076 |
Non-performing rate (as a percent) | 5.32% | 5.25% | 5.29% |
Percentage increase in non-performing loans ratio | 0.07% | ||
South America | BRAZIL | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 4,727 | € 4,418 | € 4,391 |
South America | CHILE | |||
Credit risk | |||
Credit risk with customers | € 42,000 | € 41,268 | € 40,406 |
Non-performing rate (as a percent) | 4.64% | 4.66% | 4.96% |
South America | CHILE | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,947 | € 1,925 | € 2,004 |
South America | ARGENTINA | |||
Credit risk | |||
Credit risk with customers | € 5,044 | € 5,631 | € 8,085 |
Non-performing rate (as a percent) | 3.39% | 3.17% | 2.50% |
Percentage increase in non-performing loans ratio | 0.22% | ||
South America | ARGENTINA | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 171 | € 179 | € 202 |
Santander Global Platform | |||
Credit risk | |||
Credit risk with customers | € 706 | € 340 | € 96 |
Non-performing rate (as a percent) | 0.63% | 1.21% | 4.56% |
Santander Global Platform | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 4 | € 4 | € 4 |
Corporate center | |||
Credit risk | |||
Credit risk with customers | € 5,872 | € 4,953 | € 5,369 |
Non-performing rate (as a percent) | 2.34% | 5.09% | 0.15% |
Corporate center | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 138 | € 252 | € 8 |
Risk management - Exposure and
Risk management - Exposure and Impairment Losses (Details) - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Exposure and impairment losses | ||
Percent of the total Group's provisions considering the most relevant units of the group | 97.00% | |
Maximum exposure to credit risk | € 943,903,000 | € 993,412,000 |
Impairment losses | 21,567,000 | 20,970,000 |
Financial instruments purchased credit impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 706,000 | 757,000 |
Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 859,643,000 | 908,002,000 |
Impairment losses | 3,980,000 | 3,823,000 |
Maximum exposure, financial instruments not included elsewhere | 507,479 | 242,867 |
Next 12 months | Financial instruments not credit-impaired | Other units | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 38,174,000 | 151,906,000 |
Impairment losses | 264,000 | 152,000 |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 52,897,000 | 54,616,000 |
Impairment losses | 4,311,000 | 4,644,000 |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | Other units | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 442,000 | 700,000 |
Impairment losses | 306,000 | 163,000 |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 31,363,000 | 30,795,000 |
Impairment losses | 13,276,000 | 12,504,000 |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | Other units | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 1,743,000 | 1,743,000 |
Impairment losses | 91,000 | 1,145,000 |
Investment grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 558,295,000 | 692,683,000 |
Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 552,763,000 | 685,507,000 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 5,532,000 | 7,176,000 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Speculation grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 354,245,000 | 269,935,000 |
Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 306,880,000 | 222,495,000 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 47,365,000 | 47,439,000 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 31,363,000 | 30,795,000 |
Default | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | € 31,363,000 | € 30,795,000 |
Risk management - Credit Risk_2
Risk management - Credit Risk from UK Customers (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
Maximum exposure to credit risk | 943,903 | 993,412 | |
Impairment loss on financial assets | 21,567 | 20,970 | |
Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 859,643 | 908,002 | |
Impairment loss on financial assets | 3,980 | 3,823 | |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 52,897 | 54,616 | |
Impairment loss on financial assets | 4,311 | 4,644 | |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Impairment loss on financial assets | 13,276 | 12,504 | |
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 558,295 | 692,683 | |
Investment grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 552,763 | 685,507 | |
Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 5,532 | 7,176 | |
Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 354,245 | 269,935 | |
Speculation grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 306,880 | 222,495 | |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 47,365 | 47,439 | |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Default | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Gross carrying amount | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Financial assets | 147,575 | 154,164 | |
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Financial assets | 446 | 117 | |
Gross carrying amount | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Financial assets | 647 | 870 | |
Santander UK plc | |||
Credit risk | |||
Maximum exposure to credit risk | 296,662 | 276,793 | |
Impairment loss on financial assets | 1,175 | 894 | |
Santander UK plc | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 279,266 | 260,584 | |
Impairment loss on financial assets | 117 | 224 | |
Santander UK plc | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 14,575 | 13,415 | |
Impairment loss on financial assets | 470 | 335 | |
Santander UK plc | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 2,821 | 2,795 | |
Impairment loss on financial assets | 588 | 335 | |
Santander UK plc | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 241,017 | 227,829 | |
Santander UK plc | Investment grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 238,985 | 225,929 | |
Santander UK plc | Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 2,032 | 1,900 | |
Santander UK plc | Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Santander UK plc | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 52,824 | 46,169 | |
Santander UK plc | Speculation grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 40,281 | 34,655 | |
Santander UK plc | Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 12,543 | 11,514 | |
Santander UK plc | Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Santander UK plc | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 2,821 | 2,795 | |
Santander UK plc | Default | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Santander UK plc | Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Santander UK plc | Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 2,821 | € 2,795 | |
United Kingdom | |||
Credit risk | |||
Risk exposure | € 275,941 | ||
Credit risk increase percentage | 9.10% | ||
Percentage of growth rate in local currency | 3.80% | ||
Percent at risk | 27.00% | ||
Non-performing rate (as a percent) | 1.01% | ||
Percentage decrease in non-performing loans ratio | 0.07% | ||
Percentage increase in non-performing loans ratio | 1.70% | ||
United Kingdom | Santander UK plc | Mortgage assets | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 194,354 | ||
Percent increase in portfolio | 4.70% | ||
Percent growth in real estate market | 4.00% |
Risk management - Expected loss
Risk management - Expected losses based on prospective information UK Customers (Details) - Santander UK plc - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Credit risk | ||
Number of prospective macroeconomic scenarios | 5 | |
Evolution projection period (in years) | 5 years | |
Minimum period of irregular positions to consider significant increase in risk | 30 days | |
Pessimistic scenario 2 | ||
Credit risk | ||
Interest rate (as a percent) | 2.60% | 2.30% |
Unemployment rate (as a percent) | 7.29% | 8.60% |
Housing price change (as a percent) | (0.07%) | (9.50%) |
GDP growth (as a percent) | 0.01% | 0.30% |
Percentage of weightings associated with the macroeconomic scenarios | 15.00% | 10.00% |
Pessimistic scenario 1 | ||
Credit risk | ||
Interest rate (as a percent) | 1.80% | 2.50% |
Unemployment rate (as a percent) | 5.08% | 6.90% |
Housing price change (as a percent) | (0.01%) | (2.00%) |
GDP growth (as a percent) | 0.01% | 0.70% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% |
Base scenario | ||
Credit risk | ||
Interest rate (as a percent) | 0.85% | 1.50% |
Unemployment rate (as a percent) | 4.03% | 4.30% |
Housing price change (as a percent) | 0.02% | 2.00% |
GDP growth (as a percent) | 0.02% | 1.60% |
Percentage of weightings associated with the macroeconomic scenarios | 40.00% | 40.00% |
Optimistic scenario 1 | ||
Credit risk | ||
Interest rate (as a percent) | 1.75% | 1.30% |
Unemployment rate (as a percent) | 3.14% | 3.80% |
Housing price change (as a percent) | 0.04% | 2.30% |
GDP growth (as a percent) | 0.02% | 2.10% |
Percentage of weightings associated with the macroeconomic scenarios | 10.00% | 15.00% |
Optimistic scenario 2 | ||
Credit risk | ||
Interest rate (as a percent) | 1.90% | 1.00% |
Unemployment rate (as a percent) | 2.57% | 2.80% |
Housing price change (as a percent) | 0.06% | 3.40% |
GDP growth (as a percent) | 0.03% | 2.50% |
Percentage of weightings associated with the macroeconomic scenarios | 5.00% | 5.00% |
Home purchase loans | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 13.11% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (5.01%) | |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 7.16% | |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (2.95%) | |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (8.01%) | |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 16.86% |
Risk management - Spain Portfol
Risk management - Spain Portfolio Overview (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Maximum exposure to credit risk | € 943,903 | € 993,412 | |
Impairment loss on financial assets | 21,567 | 20,970 | |
Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 859,643 | 908,002 | |
Impairment loss on financial assets | 3,980 | 3,823 | |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 52,897 | 54,616 | |
Impairment loss on financial assets | 4,311 | 4,644 | |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Impairment loss on financial assets | 13,276 | 12,504 | |
SPAIN | |||
Credit risk | |||
Risk exposure associated with instruments sharing characteristic | € 213,668 | ||
Percent at risk | 21.00% | ||
Decrease in credit risk | 6.00% | ||
Maximum exposure to credit risk | € 207,293 | 224,207 | |
Impairment loss on financial assets | 5,994 | 6,699 | |
SPAIN | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 182,276 | 196,374 | |
Impairment loss on financial assets | 296 | 366 | |
SPAIN | Next 12 months | Financial instruments not credit-impaired | Remaining legal entities | |||
Credit risk | |||
Maximum exposure to credit risk | 6 | 125,544 | |
Impairment loss on financial assets | 55 | 132 | |
SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 10,430 | 12,892 | |
Impairment loss on financial assets | 503 | 768 | |
SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | Remaining legal entities | |||
Credit risk | |||
Maximum exposure to credit risk | 445 | 66 | |
Impairment loss on financial assets | 41 | 48 | |
SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 14,587 | 14,941 | |
Impairment loss on financial assets | 5,195 | 5,565 | |
SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | Remaining legal entities | |||
Credit risk | |||
Maximum exposure to credit risk | 237 | 1,657 | |
Impairment loss on financial assets | € 8 | € 957 | |
Continental Europe | |||
Credit risk | |||
Non-performing rate (as a percent) | 3.25% | 3.67% | 4.16% |
Percentage decrease in non-performing loans ratio | 0.42% | ||
Continental Europe | SPAIN | |||
Credit risk | |||
Non-performing rate (as a percent) | 6.94% | 7.32% | 7.70% |
Continental Europe | SPAIN | Nonperforming | |||
Credit risk | |||
Non-performing rate (as a percent) | 6.94% | ||
Non-performing rate, excluding real estate unit (as a percent) | 6.58% | ||
Percentage decrease in non-performing loans ratio | 0.38% | ||
Percentage decrease in non-performing loans ratio due to better NPL figure | 0.80% | ||
Percentage increase due to partial offset by decrease to loan portfolio | 0.47% | ||
Coverage rate (as a percent) | 41.00% | ||
Decrease In coverge ratio (as a percent) | 0.03% | ||
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | € 558,295 | € 692,683 | |
Investment grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 552,763 | 685,507 | |
Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 5,532 | 7,176 | |
Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Investment grade | SPAIN | |||
Credit risk | |||
Maximum exposure to credit risk | 140,988 | 171,555 | |
Investment grade | SPAIN | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 139,673 | 171,266 | |
Investment grade | SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 1,315 | 289 | |
Investment grade | SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 354,245 | 269,935 | |
Speculation grade | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 306,880 | 222,495 | |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 47,365 | 47,439 | |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Speculation grade | SPAIN | |||
Credit risk | |||
Maximum exposure to credit risk | 51,718 | 37,711 | |
Speculation grade | SPAIN | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 42,603 | 25,108 | |
Speculation grade | SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 9,115 | 12,603 | |
Speculation grade | SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Default | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Default | SPAIN | |||
Credit risk | |||
Maximum exposure to credit risk | 14,587 | 14,941 | |
Default | SPAIN | Next 12 months | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Default | SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 14,587 | € 14,941 |
Risk management - Expected lo_2
Risk management - Expected losses based on prospective information Spain Customers (Details) - SPAIN - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Credit risk | ||
Number of prospective macroeconomic scenarios | 3 | |
Evolution projection period (in years) | 5 years | |
Minimum period of irregular positions to consider significant increase in risk | 30 days | |
Pessimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 0.00% | 0.30% |
Unemployment rate (as a percent) | 13.71% | 15.30% |
Housing price change (as a percent) | (0.26%) | 0.50% |
GDP growth (as a percent) | 0.77% | 1.10% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% |
Base scenario | ||
Credit risk | ||
Interest rate (as a percent) | 0.00% | 0.70% |
Unemployment rate (as a percent) | 11.65% | 12.30% |
Housing price change (as a percent) | 1.62% | 2.20% |
GDP growth (as a percent) | 1.61% | 1.80% |
Percentage of weightings associated with the macroeconomic scenarios | 40.00% | 40.00% |
Optimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 0.78% | 1.20% |
Unemployment rate (as a percent) | 9.59% | 10.80% |
Housing price change (as a percent) | 3.22% | 3.80% |
GDP growth (as a percent) | 2.34% | 2.60% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% |
Home purchase loans | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 13.57% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (2.55%) | |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 2.62% | |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (1.02%) | |
Corporate loans | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 4.23% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.23%) | |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 2.19% | |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (0.76%) |
Risk management - Spain Home Pu
Risk management - Spain Home Purchase Loans (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
SPAIN | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 204,810 | € 215,764 | € 227,446 |
Home purchase loans | SPAIN | |||
Credit risk | |||
Debt-to-income ratio (as a percent) | 26.00% | 28.00% | |
Home purchase loans | SPAIN | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 62,236 | € 63,290 | |
Home purchase loans | SPAIN | Less Than 80 % | Maximum | |||
Credit risk | |||
Loan-to-value (LTV) ratio | 80.00% | ||
Home purchase loans | SPAIN | Nonperforming | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 2,649 | 2,493 | |
Home purchase loans | SPAIN | Without collateral | Gross carrying amount | |||
Credit risk | |||
Financial assets | 306 | 545 | |
Home purchase loans | SPAIN | Without collateral | Nonperforming | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 14 | € 54 | |
Home purchase loans | SPAIN | With property collateral | |||
Credit risk | |||
Percentage secured by mortgage | 99.51% | 9914000000.00% | |
Home purchase loans | SPAIN | With property collateral | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 61,930 | € 62,745 | |
Home purchase loans | SPAIN | With property collateral | Less than or equal to 40% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 16,211 | ||
Home purchase loans | SPAIN | With property collateral | More than 40% and less than or equal to 60% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 18,652 | ||
Home purchase loans | SPAIN | With property collateral | More than 60% and less than or equal to 80% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 17,947 | ||
Home purchase loans | SPAIN | With property collateral | More than 80% and less than or equal to 100% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 5,398 | ||
Home purchase loans | SPAIN | With property collateral | More than 100% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 3,722 | ||
Home purchase loans | SPAIN | With property collateral | Nonperforming | Gross carrying amount | |||
Credit risk | |||
Financial assets | 2,635 | € 2,439 | |
Home purchase loans | SPAIN | With property collateral | Nonperforming | Less than or equal to 40% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 228 | ||
Home purchase loans | SPAIN | With property collateral | Nonperforming | More than 40% and less than or equal to 60% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 297 | ||
Home purchase loans | SPAIN | With property collateral | Nonperforming | More than 60% and less than or equal to 80% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 422 | ||
Home purchase loans | SPAIN | With property collateral | Nonperforming | More than 80% and less than or equal to 100% | Gross carrying amount | |||
Credit risk | |||
Financial assets | 435 | ||
Home purchase loans | SPAIN | With property collateral | Nonperforming | More than 100% | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 1,253 | ||
Santander Bank, National Association | Retail and commercial banking | United States | Home purchase loans | SPAIN | |||
Credit risk | |||
Percentage of portfolio with LTV less than 80% | 85.00% |
Risk management - Spain Compani
Risk management - Spain Companies Portfolio (Details) - SPAIN € in Millions | Dec. 31, 2019EUR (€) |
Credit risk | |
Risk exposure | € 213,668 |
Percent at risk | 21.00% |
SMEs and Corporates | |
Credit risk | |
Risk exposure | € 134,508 |
Percent at risk | 63.00% |
Non-performing rate (as a percent) | 7.31% |
Risk management - Spain Real Es
Risk management - Spain Real Estate Business (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Changes in property loans | |||
Financial assets at beginning of period | € 191,124 | € 199,351 | |
Financial assets at end of period | 184,596 | 191,124 | € 199,351 |
Construction and property development | SPAIN | Real estate operations in Spain | |||
Changes in property loans | |||
Financial assets at beginning of period | 4,812 | 6,472 | 5,515 |
Foreclosed assets | (29) | (100) | (27) |
Banco Popular (Perimeter) | 0 | 0 | 2,934 |
Reductions | (1,685) | (1,267) | (1,620) |
Write-off of impaired assets against recorded allowance | (159) | (293) | (330) |
Financial assets at end of period | € 2,939 | € 4,812 | € 6,472 |
Risk management - Spain Real _2
Risk management - Spain Real Estate Business: gross, collateral, allowance (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Distribution of portfolio | ||||
Financial assets | € 184,596 | € 191,124 | € 199,351 | |
Accumulated impairment | ||||
Distribution of portfolio | ||||
Financial assets | (474) | (635) | (730) | |
SPAIN | ||||
Distribution of portfolio | ||||
Excess over collateral value | 213,668 | |||
SPAIN | Gross carrying amount | ||||
Distribution of portfolio | ||||
Financial assets | 204,810 | 215,764 | 227,446 | |
SPAIN | Gross carrying amount | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Financial assets | 2,939 | |||
SPAIN | Accumulated impairment | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Financial assets | (1,349) | |||
Construction and property development | SPAIN | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Financial assets | 2,939 | € 4,812 | € 6,472 | € 5,515 |
Excess over collateral value | € 435 | |||
Construction and property development | SPAIN | Nonperforming | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Non-performing rate (as a percent) | 9.73% | 27.58% | ||
Coverage rate (as a percent) | 3531.00% | 35.27% | ||
Excess over collateral value | € 87 | |||
Construction and property development | SPAIN | Gross carrying amount | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Financial assets | 2,939 | |||
Construction and property development | SPAIN | Gross carrying amount | Nonperforming | Real estate operations in Spain | ||||
Distribution of portfolio | ||||
Financial assets | 286 | |||
Written-off assets | 963 | |||
Construction and property development | SPAIN | Accumulated impairment | Real estate operations in Spain | Individually calculated | ||||
Distribution of portfolio | ||||
Financial assets | 115 | |||
Construction and property development | SPAIN | Accumulated impairment | Nonperforming | Real estate operations in Spain | Individually calculated | ||||
Distribution of portfolio | ||||
Financial assets | € 101 |
Risk management - Spain Real _3
Risk management - Spain Real Estate Business Segment Information (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Memorandum items: Data from the public consolidated balance sheet | |||||
Total loans and advances to customers excluding the public sector (business in Spain) | € 942,218 | € 882,921 | € 848,915 | ||
Total assets | 1,522,695 | 1,459,271 | [1] | € 1,443,069 | 1,444,305 |
Financial assets | (184,596) | (191,124) | (199,351) | ||
Accumulated impairment | |||||
Memorandum items: Data from the public consolidated balance sheet | |||||
Financial assets | 474 | € 635 | € 730 | ||
SPAIN | Accumulated impairment | Real estate operations in Spain | |||||
Memorandum items: Data from the public consolidated balance sheet | |||||
Financial assets | 1,349 | ||||
SPAIN | Customers excluding the public sector | Real estate operations in Spain | |||||
Memorandum items: Data from the public consolidated balance sheet | |||||
Total loans and advances to customers excluding the public sector (business in Spain) | € 232,027 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - Spain Real _4
Risk management - Spain Real Estate Business Concentration Information (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Distribution of portfolio | |||
Financial assets | € 184,596 | € 191,124 | € 199,351 |
SPAIN | Gross carrying amount | |||
Distribution of portfolio | |||
Financial assets | 204,810 | € 215,764 | € 227,446 |
Real estate operations in Spain | SPAIN | Gross carrying amount | |||
Distribution of portfolio | |||
Financial assets | 2,939 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Without collateral | |||
Distribution of portfolio | |||
Financial assets | 146 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | With property collateral | |||
Distribution of portfolio | |||
Financial assets | 2,793 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Buildings | With property collateral | |||
Distribution of portfolio | |||
Financial assets | 1,552 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Buildings | Residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 914 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Buildings | Non-residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 638 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Construction in progress | With property collateral | |||
Distribution of portfolio | |||
Financial assets | 1,081 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Construction in progress | Residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 1,036 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Construction in progress | Non-residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 45 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Land [member] | With property collateral | |||
Distribution of portfolio | |||
Financial assets | 160 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Land [member] | Developed Land Collateral | |||
Distribution of portfolio | |||
Financial assets | 109 | ||
Real estate operations in Spain | SPAIN | Gross carrying amount | Land [member] | Undeveloped Land Collateral | |||
Distribution of portfolio | |||
Financial assets | € 51 |
Risk management - Spain Foreclo
Risk management - Spain Foreclosed properties (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | Dec. 31, 2016 | ||
Assets foreclosed | ||||||
Loans and advances to customers | € 942,218 | € 882,921 | € 848,915 | |||
Investments accounted for using equity method | 8,772 | 7,588 | [1] | 6,184 | € 6,150 | € 4,836 |
Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 4,190 | |||||
Changes in property loans | ||||||
Gross additions | 700 | 800 | 1,400 | |||
Disposals | (2,700) | (1,800) | (1,900) | |||
Difference | (2,000) | € (1,000) | € (500) | |||
Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 8,226 | |||||
Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (4,036) | |||||
Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (2,812) | |||||
Construction and property development | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 3,399 | |||||
Construction and property development | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 7,044 | |||||
Construction and property development | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (3,645) | |||||
Construction and property development | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (2,570) | |||||
Completed buildings | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,433 | |||||
Completed buildings | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 409 | |||||
Completed buildings | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,024 | |||||
Completed buildings | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 2,306 | |||||
Completed buildings | Gross carrying amount | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 575 | |||||
Completed buildings | Gross carrying amount | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,731 | |||||
Completed buildings | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (873) | |||||
Completed buildings | Accumulated impairment | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (166) | |||||
Completed buildings | Accumulated impairment | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (707) | |||||
Completed buildings | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (616) | |||||
Completed buildings | Impairment losses since time of foreclosure | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (108) | |||||
Completed buildings | Impairment losses since time of foreclosure | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (508) | |||||
Buildings and other constructions under construction | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 129 | |||||
Buildings and other constructions under construction | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 129 | |||||
Buildings and other constructions under construction | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 0 | |||||
Buildings and other constructions under construction | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 219 | |||||
Buildings and other constructions under construction | Gross carrying amount | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 219 | |||||
Buildings and other constructions under construction | Gross carrying amount | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 0 | |||||
Buildings and other constructions under construction | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (90) | |||||
Buildings and other constructions under construction | Accumulated impairment | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (90) | |||||
Buildings and other constructions under construction | Accumulated impairment | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 0 | |||||
Buildings and other constructions under construction | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (47) | |||||
Buildings and other constructions under construction | Impairment losses since time of foreclosure | Foreclosed Properties | Residential loans | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (47) | |||||
Buildings and other constructions under construction | Impairment losses since time of foreclosure | Foreclosed Properties | Other purposes | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 0 | |||||
Land | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,837 | |||||
Land | Foreclosed Properties | Developed consolidated land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 769 | |||||
Land | Foreclosed Properties | Other land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,068 | |||||
Land | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 4,519 | |||||
Land | Gross carrying amount | Foreclosed Properties | Developed consolidated land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 1,991 | |||||
Land | Gross carrying amount | Foreclosed Properties | Other land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 2,528 | |||||
Land | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (2,682) | |||||
Land | Accumulated impairment | Foreclosed Properties | Developed consolidated land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (1,222) | |||||
Land | Accumulated impairment | Foreclosed Properties | Other land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (1,460) | |||||
Land | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (1,907) | |||||
Land | Impairment losses since time of foreclosure | Foreclosed Properties | Developed consolidated land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (934) | |||||
Land | Impairment losses since time of foreclosure | Foreclosed Properties | Other land | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (973) | |||||
Home purchase loans | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 627 | |||||
Home purchase loans | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 932 | |||||
Home purchase loans | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (305) | |||||
Home purchase loans | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (191) | |||||
Other loans | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 164 | |||||
Other loans | Gross carrying amount | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | 250 | |||||
Other loans | Accumulated impairment | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (86) | |||||
Other loans | Impairment losses since time of foreclosure | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Loans and advances to customers | (51) | |||||
Project Quasar Investments 2017, S.L. | Foreclosed Properties | SPAIN | ||||||
Assets foreclosed | ||||||
Investments accounted for using equity method | 1,415 | |||||
Project Quasar Investments 2017, S.L. | Foreclosed Equity Instruments | SPAIN | ||||||
Assets foreclosed | ||||||
Investments accounted for using equity method | € 69 | |||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - United States
Risk management - United States - Santander Bank, N.A. (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Maximum exposure to credit risk | € 943,903 | € 993,412 | |
Impairment loss on financial assets | 21,567 | 20,970 | |
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 558,295 | 692,683 | |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 354,245 | 269,935 | |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | € 31,363 | € 30,795 | |
North America | |||
Credit risk | |||
Non-performing rate (as a percent) | 2.20% | 2.79% | 2.77% |
UNITED STATES | North America | |||
Credit risk | |||
Risk exposure | € 105,792 | ||
Non-performing rate (as a percent) | 2.20% | 2.92% | 2.79% |
UNITED STATES | North America | Santander Bank, National Association | |||
Credit risk | |||
Non-performing rate (as a percent) | 0.69% | 0.88% | 1.21% |
Maximum exposure to credit risk | € 64,497 | € 69,772 | |
Impairment loss on financial assets | 544 | 542 | |
UNITED STATES | North America | Santander Bank, National Association | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 27,841 | 5,149 | |
UNITED STATES | North America | Santander Bank, National Association | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 36,237 | 64,175 | |
UNITED STATES | North America | Santander Bank, National Association | Default | |||
Credit risk | |||
Maximum exposure to credit risk | € 419 | 448 | |
UNITED STATES | North America | Santander Bank, National Association | With property collateral | |||
Credit risk | |||
Non-performing rate (as a percent) | 0.69% | ||
Percentage decrease in non-performing loans (NPLs) | 0.22% | ||
Percentage increase in cost of credit | 0.35% | ||
UNITED STATES | North America | Santander Bank, National Association | Retail and commercial banking | |||
Credit risk | |||
Credit exposure, percentage of total loans | 82.00% | ||
UNITED STATES | North America | Santander Bank, National Association | Individuals | |||
Credit risk | |||
Credit exposure, percentage of total loans | 41.00% | ||
UNITED STATES | North America | Santander Bank, National Association | Companies | |||
Credit risk | |||
Credit exposure, percentage of total loans | 59.00% | ||
UNITED STATES | North America | Santander Bank, National Association | Wholesale banking business | |||
Credit risk | |||
Credit exposure, percentage of total loans | 17.00% | ||
SPAIN | |||
Credit risk | |||
Risk exposure | € 213,668 | ||
Maximum exposure to credit risk | 207,293 | 224,207 | |
Impairment loss on financial assets | 5,994 | 6,699 | |
SPAIN | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 140,988 | 171,555 | |
SPAIN | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 51,718 | 37,711 | |
SPAIN | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 14,587 | 14,941 | |
Construction and property development | Real estate operations in Spain | SPAIN | |||
Credit risk | |||
Risk exposure | € 435 | ||
Construction and property development | Real estate operations in Spain | SPAIN | North America | |||
Credit risk | |||
Credit exposure, percentage of total loans | 10.00% | ||
Financial instruments not credit-impaired | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | € 859,643 | 908,002 | |
Impairment loss on financial assets | 3,980 | 3,823 | |
Financial instruments not credit-impaired | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 52,897 | 54,616 | |
Impairment loss on financial assets | 4,311 | 4,644 | |
Financial instruments not credit-impaired | Investment grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 552,763 | 685,507 | |
Financial instruments not credit-impaired | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 5,532 | 7,176 | |
Financial instruments not credit-impaired | Speculation grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 306,880 | 222,495 | |
Financial instruments not credit-impaired | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 47,365 | 47,439 | |
Financial instruments not credit-impaired | Default | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments not credit-impaired | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 59,351 | 65,540 | |
Impairment loss on financial assets | 265 | 233 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 4,727 | 3,784 | |
Impairment loss on financial assets | 208 | 204 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Investment grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 27,078 | 5,149 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 763 | 0 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Speculation grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 32,273 | 60,391 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 3,964 | 3,784 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Default | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments not credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments not credit-impaired | SPAIN | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 182,276 | 196,374 | |
Impairment loss on financial assets | 296 | 366 | |
Financial instruments not credit-impaired | SPAIN | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 10,430 | 12,892 | |
Impairment loss on financial assets | 503 | 768 | |
Financial instruments not credit-impaired | SPAIN | Investment grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 139,673 | 171,266 | |
Financial instruments not credit-impaired | SPAIN | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 1,315 | 289 | |
Financial instruments not credit-impaired | SPAIN | Speculation grade | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 42,603 | 25,108 | |
Financial instruments not credit-impaired | SPAIN | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 9,115 | 12,603 | |
Financial instruments not credit-impaired | SPAIN | Default | Next 12 months | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments not credit-impaired | SPAIN | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Impairment loss on financial assets | 13,276 | 12,504 | |
Financial instruments credit-impaired | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 31,363 | 30,795 | |
Financial instruments credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 419 | 448 | |
Impairment loss on financial assets | 71 | 105 | |
Financial instruments credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | UNITED STATES | North America | Santander Bank, National Association | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 419 | 448 | |
Financial instruments credit-impaired | SPAIN | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 14,587 | 14,941 | |
Impairment loss on financial assets | 5,195 | 5,565 | |
Financial instruments credit-impaired | SPAIN | Investment grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | SPAIN | Speculation grade | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | |
Financial instruments credit-impaired | SPAIN | Default | Lifetime Expected Credit Losses | |||
Credit risk | |||
Maximum exposure to credit risk | € 14,587 | € 14,941 |
Risk management - United Stat_2
Risk management - United States - Santander Bank, N.A - Expected losses based on prospective information (Details) - UNITED STATES - North America - Santander Bank, National Association - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Credit risk | ||
Number of prospective macroeconomic scenarios | 3 | |
Evolution projection period (in years) | 5 years | |
Minimum period of irregular positions to consider significant increase in risk | 30 days | |
Base scenario | ||
Credit risk | ||
Interest rate (as a percent) | 2.30% | 2.80% |
Unemployment rate (as a percent) | (0.90%) | 4.20% |
Housing price change (as a percent) | 4.50% | 3.90% |
GDP growth (as a percent) | 2.10% | 2.10% |
Percentage of weightings associated with the macroeconomic scenarios | 32.50% | 60.00% |
Optimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 2.70% | 3.60% |
Unemployment rate (as a percent) | (2.10%) | 3.80% |
Housing price change (as a percent) | 4.70% | 3.90% |
GDP growth (as a percent) | 2.80% | 2.80% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 20.00% |
Pessimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 1.30% | |
Unemployment rate (as a percent) | 6.90% | |
Housing price change (as a percent) | 2.20% | |
GDP growth (as a percent) | 1.50% | |
Pessimistic scenario 2 | ||
Credit risk | ||
Interest rate (as a percent) | 1.10% | |
Unemployment rate (as a percent) | 7.70% | |
Housing price change (as a percent) | 2.60% | |
GDP growth (as a percent) | 1.60% | |
Percentage of weightings associated with the macroeconomic scenarios | 17.50% | 20.00% |
Pessimistic scenario 1 | ||
Credit risk | ||
Interest rate (as a percent) | 2.20% | |
Unemployment rate (as a percent) | 2.70% | |
Housing price change (as a percent) | 3.70% | |
GDP growth (as a percent) | 2.10% | |
Percentage of weightings associated with the macroeconomic scenarios | 20.00% |
Risk management - United Stat_3
Risk management - United States - SC USA (Details) - North America | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Credit risk | |||
Non-performing rate (as a percent) | 2.20% | 2.79% | 2.77% |
Percentage decrease in non-performing loans ratio | 0.59% | ||
UNITED STATES | |||
Credit risk | |||
Non-performing rate (as a percent) | 2.20% | 2.92% | 2.79% |
Percentage decrease in non-performing loans ratio | 0.72% | ||
UNITED STATES | Santander Consumer USA Holdings Inc. | |||
Credit risk | |||
Credit exposure, percentage of total loans | 3.00% | ||
Non-performing rate (as a percent) | 6.16% | 7.73% | 5.86% |
Percentage decrease in non-performing loans ratio | 1.58% | ||
Cost of credit | 9.42% | ||
Increase in cost of credit | 59.00% | ||
Coverage rate (as a percent) | 175.00% | ||
Decrease In coverge ratio (as a percent) | 0.20% | ||
UNITED STATES | Auto financing through loan and leasing | Santander Consumer USA Holdings Inc. | |||
Credit risk | |||
Credit exposure, percentage of total loans | 97.00% |
Risk management - United Stat_4
Risk management - United States - SC USA - Exposure and Impairment losses (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Exposure and impairment losses | ||
Maximum exposure to credit risk | € 943,903 | € 993,412 |
Impairment losses | 21,567 | 20,970 |
Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 859,643 | 908,002 |
Impairment losses | 3,980 | 3,823 |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 52,897 | 54,616 |
Impairment losses | 4,311 | 4,644 |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 31,363 | 30,795 |
Impairment losses | 13,276 | 12,504 |
Investment grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 558,295 | 692,683 |
Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 552,763 | 685,507 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 5,532 | 7,176 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Speculation grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 354,245 | 269,935 |
Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 306,880 | 222,495 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 47,365 | 47,439 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 31,363 | 30,795 |
Default | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 31,363 | 30,795 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 29,003 | 29,355 |
Impairment losses | 3,093 | 3,211 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 21,112 | 20,537 |
Impairment losses | 859 | 824 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 6,291 | 6,600 |
Impairment losses | 1,503 | 1,720 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 1,600 | 2,218 |
Impairment losses | 731 | 667 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Investment grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 1,043 | 224 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 1,029 | 224 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 14 | 0 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Speculation grade | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 26,360 | 26,913 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 20,083 | 20,313 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 6,277 | 6,600 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Default | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 1,600 | 2,218 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Default | Next 12 months | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | 0 | 0 |
UNITED STATES | North America | Santander Consumer USA Holdings Inc. | Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Exposure and impairment losses | ||
Maximum exposure to credit risk | € 1,600 | € 2,218 |
Risk management - United Stat_5
Risk management - United States - SC USA - Expected losses based on prospective information (Details) - UNITED STATES - North America - Santander Consumer USA Holdings Inc. - item | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Credit risk | ||
Number of prospective macroeconomic scenarios | 3 | |
Evolution projection period (in years) | 5 years | |
Minimum period of irregular positions to consider significant increase in risk | 30 days | |
Pessimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 1.30% | |
Unemployment rate (as a percent) | 6.90% | |
Housing price change (as a percent) | 2.20% | |
GDP growth (as a percent) | 1.50% | |
Pessimistic scenario 1 | ||
Credit risk | ||
Interest rate (as a percent) | 1.06% | |
Unemployment rate (as a percent) | 7.71% | |
Housing price change (as a percent) | 2.60% | |
GDP growth (as a percent) | 1.60% | |
Manheim index (as a percent) | (1.20%) | |
Percentage of weightings associated with the macroeconomic scenarios | 20.00% | |
Pessimistic scenario 2 | ||
Credit risk | ||
Interest rate (as a percent) | 2.22% | |
Unemployment rate (as a percent) | 2.68% | |
Housing price change (as a percent) | 3.68% | |
GDP growth (as a percent) | 2.05% | |
Manheim index (as a percent) | 0.50% | |
Percentage of weightings associated with the macroeconomic scenarios | 17.50% | 20.00% |
Base scenario | ||
Credit risk | ||
Interest rate (as a percent) | 2.29% | 2.80% |
Unemployment rate (as a percent) | (0.87%) | 4.20% |
Housing price change (as a percent) | 4.53% | 3.90% |
GDP growth (as a percent) | 2.07% | 2.10% |
Manheim index (as a percent) | 1.60% | |
Percentage of weightings associated with the macroeconomic scenarios | 32.50% | 60.00% |
Optimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 2.70% | 3.60% |
Unemployment rate (as a percent) | (2.10%) | 3.80% |
Housing price change (as a percent) | 4.69% | 3.90% |
GDP growth (as a percent) | 2.75% | 2.80% |
Manheim index (as a percent) | 3.10% | |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 20.00% |
SC Auto | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 5.73% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.74%) | |
Change in provision assuming 100bp decrease in Manheim index (as a percent) | 1.02% | |
Change in provision assuming 100bp increase in Manheim index (as a percent) | (1.88%) | |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (0.55%) | |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 0.15% |
Risk management - Brazil (Detai
Risk management - Brazil (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Credit risk | ||
Maximum exposure to credit risk | € 943,903 | € 993,412 |
Impairment losses | 21,567 | 20,970 |
Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 859,643 | 908,002 |
Impairment losses | 3,980 | 3,823 |
Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 52,897 | 54,616 |
Impairment losses | 4,311 | 4,644 |
Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 31,363 | 30,795 |
Impairment losses | 13,276 | 12,504 |
Investment grade | ||
Credit risk | ||
Maximum exposure to credit risk | 558,295 | 692,683 |
Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 552,763 | 685,507 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 5,532 | 7,176 |
Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
Speculation grade | ||
Credit risk | ||
Maximum exposure to credit risk | 354,245 | 269,935 |
Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 306,880 | 222,495 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 47,365 | 47,439 |
Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
Default | ||
Credit risk | ||
Maximum exposure to credit risk | 31,363 | 30,795 |
Default | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | € 31,363 | 30,795 |
BRAZIL | Banco Santander (Brasil) S.A | Retail customers | Minimum | ||
Credit risk | ||
Credit exposure, percentage of total loans | 75.00% | |
SPAIN | ||
Credit risk | ||
Risk exposure | € 213,668 | |
Maximum exposure to credit risk | 207,293 | 224,207 |
Impairment losses | 5,994 | 6,699 |
SPAIN | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 182,276 | 196,374 |
Impairment losses | 296 | 366 |
SPAIN | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 10,430 | 12,892 |
Impairment losses | 503 | 768 |
SPAIN | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 14,587 | 14,941 |
Impairment losses | 5,195 | 5,565 |
SPAIN | Investment grade | ||
Credit risk | ||
Maximum exposure to credit risk | 140,988 | 171,555 |
SPAIN | Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 139,673 | 171,266 |
SPAIN | Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 1,315 | 289 |
SPAIN | Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
SPAIN | Speculation grade | ||
Credit risk | ||
Maximum exposure to credit risk | 51,718 | 37,711 |
SPAIN | Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 42,603 | 25,108 |
SPAIN | Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 9,115 | 12,603 |
SPAIN | Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
SPAIN | Default | ||
Credit risk | ||
Maximum exposure to credit risk | 14,587 | 14,941 |
SPAIN | Default | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
SPAIN | Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
SPAIN | Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 14,587 | 14,941 |
South America | BRAZIL | ||
Credit risk | ||
Risk exposure | € 88,893 | |
Credit risk increase percentage | 5.60% | |
South America | BRAZIL | Banco Santander (Brasil) S.A | ||
Credit risk | ||
Maximum exposure to credit risk | € 88,891 | 118,063 |
Impairment losses | 4,717 | 4,654 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 78,463 | 108,034 |
Impairment losses | 1,054 | 997 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 5,701 | 5,806 |
Impairment losses | 732 | 768 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 4,727 | 4,223 |
Impairment losses | 2,931 | 2,889 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Investment grade | ||
Credit risk | ||
Maximum exposure to credit risk | 46,072 | 51,622 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Investment grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 45,764 | 51,150 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Investment grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 308 | 472 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Investment grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Speculation grade | ||
Credit risk | ||
Maximum exposure to credit risk | 38,092 | 62,218 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Speculation grade | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 32,699 | 56,884 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Speculation grade | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 5,393 | 5,334 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Speculation grade | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Default | ||
Credit risk | ||
Maximum exposure to credit risk | 4,727 | 4,223 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Default | Next 12 months | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Default | Lifetime Expected Credit Losses | Financial instruments not credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | 0 | 0 |
South America | BRAZIL | Banco Santander (Brasil) S.A | Default | Lifetime Expected Credit Losses | Financial instruments credit-impaired | ||
Credit risk | ||
Maximum exposure to credit risk | € 4,727 | € 4,223 |
Nonperforming | Continental Europe | SPAIN | ||
Credit risk | ||
Percentage increase in credit risk, excluding exchange rate | 7.00% | |
Percentage of growth rate in local currency | 9.00% |
Risk management - Brazil - Expe
Risk management - Brazil - Expected losses based on prospective information (Details) - BRAZIL - payment | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Banco Santander (Brasil) S.A | ||
Credit risk | ||
Minimum period of irregular positions to consider significant increase in risk | 30 days | |
Banco Santander (Brasil) S.A | Real State, Consigned and Financial portfolio | ||
Credit risk | ||
Minimum period of irregular positions to consider significant increase in risk | 60 days | |
South America | Banco Santander (Brasil) S.A | ||
Credit risk | ||
Number of prospective macroeconomic scenarios | 3 | |
Evolution projection period (in years) | 5 years | |
South America | Banco Santander (Brasil) S.A | Pessimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 8.70% | 11.00% |
Unemployment rate (as a percent) | 16.48% | 16.30% |
Housing price change (as a percent) | (1.24%) | (1.40%) |
GDP growth (as a percent) | (1.40%) | (1.20%) |
Burden income (as a percent) | 21.70% | |
Percentage of weightings associated with the macroeconomic scenarios | 10.00% | 10.00% |
South America | Banco Santander (Brasil) S.A | Base scenario | ||
Credit risk | ||
Interest rate (as a percent) | 5.60% | 7.70% |
Unemployment rate (as a percent) | 9.58% | 9.90% |
Housing price change (as a percent) | 2.69% | 4.30% |
GDP growth (as a percent) | 2.38% | 2.40% |
Burden income (as a percent) | 20.40% | |
Percentage of weightings associated with the macroeconomic scenarios | 80.00% | 80.00% |
South America | Banco Santander (Brasil) S.A | Optimistic scenario | ||
Credit risk | ||
Interest rate (as a percent) | 4.45% | 6.00% |
Unemployment rate (as a percent) | 8.04% | 8.60% |
Housing price change (as a percent) | 6.39% | 5.90% |
GDP growth (as a percent) | 4.41% | 3.50% |
Burden income (as a percent) | 19.02% | |
Percentage of weightings associated with the macroeconomic scenarios | 10.00% | 10.00% |
Consumer loans | South America | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 0.73% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.20%) | |
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (1.00%) | |
Change in provision assuming 100bp increase in burden income rate (as a percent) | 2.17% | |
Corporate loans | South America | ||
Credit risk | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 0.54% | |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.23%) | |
Change in provision assuming 100bp decrease in burden income rate (as a percent) | 0.07% | |
Change in provision assuming 100bp increase in burden income rate (as a percent) | 0.45% |
Risk management - Santander Cor
Risk management - Santander Corporate & Investment Banking (Details) - Santander Corporate and Investment Banking | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Pessimistic scenario | ||
Credit risk | ||
GDP growth (as a percent) | 3.00% | 2.70% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 20.00% |
Base scenario | ||
Credit risk | ||
GDP growth (as a percent) | 3.60% | 3.60% |
Percentage of weightings associated with the macroeconomic scenarios | 40.00% | 60.00% |
Optimistic scenario | ||
Credit risk | ||
GDP growth (as a percent) | 3.80% | 4.20% |
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 20.00% |
Risk management - Concentration
Risk management - Concentration risk (Details) € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€)componentcustomer | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of methods used to measure exposure to counterparty credit risk | component | 2 |
SPAIN | |
Concentration of risk | |
Risk exposure | € 213,668 |
"Large Exposures" Customers | |
Concentration of risk | |
Number of largest groups | customer | 20 |
"Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Large exposure threshold percentage | 10.00% |
Maximum percentage of eligible capital allowed under regulation | 25.00% |
Credit exposure, percentage of total loans | 4.65% |
Risk exposure | € 1,456,960 |
"Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 312,794 |
"Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 646,679 |
"Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 455,877 |
"Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 41,610 |
Central banks and Credit institutions | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 238,849 |
Central banks and Credit institutions | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 36,163 |
Central banks and Credit institutions | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 109,303 |
Central banks and Credit institutions | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 82,754 |
Central banks and Credit institutions | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 10,629 |
Public sector | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 173,706 |
Public sector | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 52,635 |
Public sector | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 40,285 |
Public sector | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 76,061 |
Public sector | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 4,725 |
Central government | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 153,830 |
Central government | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 42,752 |
Central government | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 36,409 |
Central government | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 69,980 |
Central government | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 4,689 |
Other central government | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 19,876 |
Other central government | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 9,883 |
Other central government | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 3,876 |
Other central government | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 6,081 |
Other central government | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 36 |
Other financial institutions (Financial business activity) | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 120,962 |
Other financial institutions (Financial business activity) | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 17,073 |
Other financial institutions (Financial business activity) | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 69,336 |
Other financial institutions (Financial business activity) | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 32,558 |
Other financial institutions (Financial business activity) | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 1,995 |
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 400,371 |
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 117,943 |
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 127,494 |
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 139,236 |
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 15,698 |
Construction and property development | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 21,050 |
Construction and property development | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 4,028 |
Construction and property development | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 9,893 |
Construction and property development | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 7,062 |
Construction and property development | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 67 |
Civil Engineering Construction Loans Member | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 6,270 |
Civil Engineering Construction Loans Member | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 3,195 |
Civil Engineering Construction Loans Member | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 1,979 |
Civil Engineering Construction Loans Member | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 959 |
Civil Engineering Construction Loans Member | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 137 |
Large companies | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 237,994 |
Large companies | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 59,223 |
Large companies | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 74,743 |
Large companies | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 90,022 |
Large companies | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 14,006 |
SMEs and individual entrepreneurs | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 135,057 |
SMEs and individual entrepreneurs | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 51,497 |
SMEs and individual entrepreneurs | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 40,879 |
SMEs and individual entrepreneurs | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 41,193 |
SMEs and individual entrepreneurs | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 1,488 |
Households - other | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 523,072 |
Households - other | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 88,980 |
Households - other | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 300,261 |
Households - other | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 125,268 |
Households - other | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 8,563 |
Residential loans | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 333,043 |
Residential loans | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 62,349 |
Residential loans | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 228,677 |
Residential loans | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 41,099 |
Residential loans | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 918 |
Consumer loans | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 169,464 |
Consumer loans | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 18,551 |
Consumer loans | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 69,358 |
Consumer loans | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 76,757 |
Consumer loans | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | 4,798 |
Other purposes | "Large Exposures" Customers | Credit risk | |
Concentration of risk | |
Risk exposure | 20,565 |
Other purposes | "Large Exposures" Customers | SPAIN | Credit risk | |
Concentration of risk | |
Risk exposure | 8,080 |
Other purposes | "Large Exposures" Customers | Other European Countries | Credit risk | |
Concentration of risk | |
Risk exposure | 2,226 |
Other purposes | "Large Exposures" Customers | America | Credit risk | |
Concentration of risk | |
Risk exposure | 7,412 |
Other purposes | "Large Exposures" Customers | Rest of World | Credit risk | |
Concentration of risk | |
Risk exposure | € 2,847 |
Risk management - Sovereign ris
Risk management - Sovereign risk and exposure to other public sector entities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Local sovereign other than official currency risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 12,187 | ||
Percentage of total sovereign risk | 5.30% | ||
Non-local sovereign cross border risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 4,269 | ||
Percentage of total sovereign risk | 1.80% | ||
Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 136,377 | € 138,901 | |
Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 14,520 | ||
Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 85,459 | ||
Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 36,398 | ||
Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
SPAIN | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 213,668 | ||
SPAIN | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 35,366 | 49,640 | € 62,637 |
SPAIN | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 5,204 | ||
SPAIN | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 19,961 | ||
SPAIN | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 10,201 | ||
SPAIN | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
PORTUGAL | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,689 | 8,753 | 8,817 |
PORTUGAL | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk attributable to short position | (746) | ||
PORTUGAL | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 5,450 | ||
PORTUGAL | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,985 | ||
PORTUGAL | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
ITALY | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,735 | 261 | € 6,108 |
ITALY | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 643 | ||
ITALY | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,631 | ||
ITALY | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 461 | ||
ITALY | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Greece | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | 0 | |
Greece | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Greece | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Greece | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Greece | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
IRELAND | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | 0 | |
IRELAND | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
IRELAND | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
IRELAND | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
IRELAND | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Rest of eurozone | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,809 | 2,778 | |
Rest of eurozone | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk attributable to short position | (313) | ||
Rest of eurozone | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,679 | ||
Rest of eurozone | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 443 | ||
Rest of eurozone | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
UK | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 10,363 | 10,869 | |
UK | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 740 | ||
UK | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,402 | ||
UK | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,221 | ||
UK | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
POLAND | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,366 | 11,229 | |
POLAND | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 22 | ||
POLAND | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,313 | ||
POLAND | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 31 | ||
POLAND | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Rest of Europe | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 777 | 329 | |
Rest of Europe | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk attributable to short position | (2) | ||
Rest of Europe | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 120 | ||
Rest of Europe | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 659 | ||
Rest of Europe | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
UNITED STATES | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 16,299 | 8,682 | |
UNITED STATES | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 794 | ||
UNITED STATES | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 10,463 | ||
UNITED STATES | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 5,042 | ||
UNITED STATES | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
BRAZIL | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 28,998 | 27,054 | |
BRAZIL | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,483 | ||
BRAZIL | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 21,250 | ||
BRAZIL | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 4,265 | ||
BRAZIL | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
MEXICO | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 13,673 | 10,415 | |
MEXICO | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 4,366 | ||
MEXICO | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,350 | ||
MEXICO | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 957 | ||
MEXICO | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
CHILE | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,460 | 1,776 | |
CHILE | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 320 | ||
CHILE | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,759 | ||
CHILE | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 381 | ||
CHILE | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Other American Countries | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,029 | 893 | |
Other American Countries | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 9 | ||
Other American Countries | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 249 | ||
Other American Countries | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 771 | ||
Other American Countries | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Rest of World | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 4,813 | € 6,222 | |
Rest of World | Financial assets held for trading and financial assets designated as FV with changes in results | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Rest of World | Financial assets at fair value through other comprehensive income, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,832 | ||
Rest of World | Financial assets at amortised cost, category | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 981 | ||
Rest of World | Non-trading financial assets mandatory at fair value through profit or loss | Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 0 |
Risk management - Credit risk c
Risk management - Credit risk cycle (Details) | 12 Months Ended |
Dec. 31, 2019phase | |
Credit risk | |
Planning (Commercial Strategic Plan) | |
Number of phases in recovery management | 4 |
Risk management - Forborne Loan
Risk management - Forborne Loans (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2019EUR (€)loan | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | |
Forborne Loan Portfolio | |||
Forbearance portfolio, Amount | € 32,475 | ||
Average coverage (as a percent) | 52.00% | ||
Percent decrease in forborne portfolio | 21.00% | ||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 903,013 | ||
Forborne loan portfolio | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Financial assets with contractual cash flows modified during reporting period while loss allowance measured at lifetime expected credit losses, amortised cost before modification | € 1,566 | ||
Financial assets with modified contractual cash flows while loss allowance measured at lifetime expected credit losses for which loss allowance changed during reporting period to 12-month expected credit losses, gross carrying amount | € 1,601 | ||
Credit risk | Forborne loan portfolio | |||
Forborne Loan Portfolio | |||
Percentage of loans covered by specific allowance | 28.00% | ||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 23,430 | € 30,527 | |
Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (9,045) | ||
Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 1,953,814 | ||
Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 9,185 | ||
Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 726,314 | ||
Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 23,290 | ||
Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 12,714 | ||
Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 4,248 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Credit risk | Non-current assets or disposal groups classified as held for sale | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Credit entities | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Public sector | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (2) | ||
Public sector | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 43 | ||
Public sector | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 31 | ||
Public sector | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 15 | ||
Public sector | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 10 | ||
Public sector | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 7 | ||
Public sector | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (35) | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 630 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 200 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 350 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 90 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 13 | ||
Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 19 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (5,029) | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 161,353 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 5,413 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 45,474 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 11,438 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 6,339 | ||
Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 2,271 | ||
Construction and property development | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (392) | ||
Construction and property development | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 6,427 | ||
Construction and property development | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 190 | ||
Construction and property development | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 1,293 | ||
Construction and property development | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 847 | ||
Construction and property development | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 554 | ||
Construction and property development | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 21 | ||
Other warehouses | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (3,980) | ||
Other warehouses | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 1,791,788 | ||
Other warehouses | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 3,542 | ||
Other warehouses | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 680,475 | ||
Other warehouses | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 11,753 | ||
Other warehouses | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 6,354 | ||
Other warehouses | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | € 1,958 | ||
Nonperforming | |||
Forborne Loan Portfolio | |||
Percentage of forbearance portfolio | 53.00% | ||
Nonperforming | Credit risk | Forborne loan portfolio | |||
Forborne Loan Portfolio | |||
Percentage of loans covered by specific allowance | 42.00% | ||
Nonperforming | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (7,181) | ||
Nonperforming | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 1,157,031 | ||
Nonperforming | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 5,411 | ||
Nonperforming | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 187,736 | ||
Nonperforming | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 11,865 | ||
Nonperforming | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 6,241 | ||
Nonperforming | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 1,227 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Nonperforming | Credit risk | Non-current assets or disposal groups classified as held for sale | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Nonperforming | Credit entities | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (1) | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 13 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 3 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 9 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 4 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 3 | ||
Nonperforming | Public sector | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 0 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (33) | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 315 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 179 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 240 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 43 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 9 | ||
Nonperforming | Other financial institutions (Financial business activity) | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 3 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (4,590) | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 93,803 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 3,406 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 32,199 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 7,189 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 3,586 | ||
Nonperforming | Non-financial corporations and individual entrepreneurs (Non-financial business activity) | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 867 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (378) | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 4,077 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 144 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 938 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 629 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 350 | ||
Nonperforming | Construction and property development | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 9 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | Accumulated impairment | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € (2,558) | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | Without collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 1,062,900 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | Without collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 1,823 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | With property collateral | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Number of transactions | loan | 155,288 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | With property collateral | Gross carrying amount | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Loans and receivables | € 4,630 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | Real estate guarantee | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | 2,643 | ||
Nonperforming | Other warehouses | Credit risk | Forborne loan portfolio | Rest of real guarantees | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Maximum amount of the actual collateral that can be considered | € 357 | ||
Performing | Credit risk | Forborne loan portfolio | |||
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |||
Performing loans, number of days past due criteria | 90 days |
Risk management - Forborne Lo_2
Risk management - Forborne Loans Roll Forward (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Changes in the portfolio | ||
Beginning balance | € 903,013 | |
Balance at end of year | ||
Credit risk | Forborne loan portfolio | ||
Forborne Loan Portfolio | ||
Percentage of loans covered by specific allowance | 28.00% | |
Changes in the portfolio | ||
Beginning balance | € 30,527 | |
Refinancing and restructuring of the period | 6,174 | |
Memorandum item: Impact recorded in the income statement for the period | 2,684 | |
Debt repayment | (6,032) | |
Foreclosure | (564) | |
Derecognized from the consolidated balance sheet | (1,403) | |
Other changes | (5,272) | |
Balance at end of year | € 23,430 | € 30,527 |
Credit risk | Forborne loan portfolio | With property collateral | ||
Forborne Loan Portfolio | ||
Percentage of loans secured | 52.00% | |
Performing | Credit risk | Forborne loan portfolio | ||
Forborne Loan Portfolio | ||
Credit exposure, percentage of total loans | 47.00% | |
Nonperforming | Credit risk | Forborne loan portfolio | ||
Forborne Loan Portfolio | ||
Percentage of loans covered by specific allowance | 42.00% |
Risk management - Trading Marke
Risk management - Trading Market Risk (Details) € in Millions | 12 Months Ended | |||||||||
Dec. 31, 2019EUR (€)item | Jan. 01, 2019EUR (€) | Dec. 31, 2018EUR (€) | [1] | Jan. 01, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||||
Balance sheet amount | ||||||||||
Cash and cash equivalents | € 101,067 | € 113,663 | [2] | € 110,995 | € 110,995 | [2] | € 76,454 | |||
Financial assets held for trading | 108,230 | 92,879 | 125,618 | 125,458 | ||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 10,730 | 4,987 | |||||||
Financial assets designated at fair value through profit or loss | 62,069 | 57,460 | 42,075 | 34,782 | ||||||
Financial assets at fair value through other comprehensive income | 125,708 | 121,091 | 126,353 | |||||||
Financial assets at amortised cost | 995,482 | 946,099 | 909,094 | |||||||
Hedging derivatives, Assets | 7,216 | 8,607 | 8,537 | |||||||
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RISK | 1,702 | 1,088 | 1,287 | |||||||
Other assets | 10,138 | 9,348 | 9,766 | |||||||
Total assets | 1,522,695 | 1,459,271 | 1,443,069 | 1,444,305 | ||||||
Financial liabilities held for trading | 77,139 | 70,343 | 107,634 | 107,624 | ||||||
Financial liabilities designated at fair value through profit or loss | 60,995 | 68,058 | 59,616 | 59,616 | ||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | 1,171,630 | 1,126,069 | 1,126,069 | ||||||
Hedging derivatives, Liabilities | 6,048 | 6,363 | 8,034 | 8,044 | ||||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 269 | 303 | 330 | 330 | ||||||
OTHER LIABILITIES | 12,792 | 13,088 | 12,591 | |||||||
Liabilities | 1,412,036 | 1,351,910 | 1,337,707 | 1,337,472 | ||||||
Total equity | 110,659 | € 106,970 | € 107,361 | [3] | € 105,493 | [4] | € 106,833 | € 102,699 | [4] | |
Market risk | ||||||||||
Balance sheet amount | ||||||||||
Cash and cash equivalents | 101,067 | |||||||||
Financial assets held for trading | 108,230 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | |||||||||
Financial assets designated at fair value through profit or loss | 62,069 | |||||||||
Financial assets at fair value through other comprehensive income | 125,708 | |||||||||
Financial assets at amortised cost | 995,482 | |||||||||
Hedging derivatives, Assets | 7,216 | |||||||||
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RISK | 1,702 | |||||||||
Other assets | 116,310 | |||||||||
Total assets | 1,522,695 | |||||||||
Financial liabilities held for trading | 77,139 | |||||||||
Financial liabilities designated at fair value through profit or loss | 60,995 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | |||||||||
Hedging derivatives, Liabilities | 6,048 | |||||||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 269 | |||||||||
OTHER LIABILITIES | 36,840 | |||||||||
Liabilities | 1,412,036 | |||||||||
Total equity | € 110,659 | |||||||||
Value At Risk Metric | ||||||||||
Balance sheet amount | ||||||||||
VaR confidence level, percent | 99.00% | |||||||||
Time frame, historical simulation | 1 day | |||||||||
Time frame from reference date | 2 years | |||||||||
Number of figures calculated daily for VaR | item | 2 | |||||||||
Financial assets held for trading | € 107,522 | |||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,310 | |||||||||
Financial assets designated at fair value through profit or loss | 61,405 | |||||||||
Hedging derivatives, Assets | 7,216 | |||||||||
Financial liabilities held for trading | 76,849 | |||||||||
Financial liabilities designated at fair value through profit or loss | 60,211 | |||||||||
Hedging derivatives, Liabilities | € 6,048 | |||||||||
Value At Risk Metric | Minimum | ||||||||||
Balance sheet amount | ||||||||||
Time frame from reference date | 520 days | |||||||||
Interest rate risk | ||||||||||
Balance sheet amount | ||||||||||
Cash and cash equivalents | € 101,067 | |||||||||
Financial assets designated at fair value through profit or loss | 664 | |||||||||
Financial assets at amortised cost | 995,482 | |||||||||
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RISK | 1,702 | |||||||||
Financial liabilities designated at fair value through profit or loss | 784 | |||||||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 269 | |||||||||
Interest rate; credit spread | ||||||||||
Balance sheet amount | ||||||||||
Financial assets held for trading | 708 | |||||||||
Financial assets at fair value through other comprehensive income | 125,708 | |||||||||
Financial liabilities held for trading | 290 | |||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | 1,230,745 | |||||||||
Interest rate; equities | ||||||||||
Balance sheet amount | ||||||||||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,601 | |||||||||
Interest and exchange rates | ||||||||||
Balance sheet amount | ||||||||||
Hedging derivatives, Assets | 0 | |||||||||
Hedging derivatives, Liabilities | € 0 | |||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||
[4] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - Trading Mar_2
Risk management - Trading Market Risk - VaR (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2019EUR (€)overshooting | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | |
Trading market risk | |||
Main market risk metric | |||
VaR confidence level, percent | 99.00% | ||
ES confidence level, percent | 97.50% | ||
VaR | € 10.3 | € 11.3 | € 10.2 |
Expected shortfall (ES) at 97.5% | € 9.5 | ||
VaE confidence level, percent | 99.00% | ||
\Number of exceptions | overshooting | 2 | ||
Trading market risk | Minimum | |||
Main market risk metric | |||
VaR | € 7.1 | ||
Trading market risk | Weighted average | |||
Main market risk metric | |||
VaR | 12.1 | 9.7 | 21.5 |
Trading market risk | Maximum | |||
Main market risk metric | |||
VaR | 21.6 | ||
Trading market risk | Hedge funds | |||
Main market risk metric | |||
VaR | 90 | ||
Diversification effect | |||
Main market risk metric | |||
VaR | (9.9) | (11.5) | (7.6) |
Expected shortfall (ES) at 97.5% | (8.8) | ||
Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (4.3) | ||
Diversification effect | Weighted average | |||
Main market risk metric | |||
VaR | (8.2) | (9.3) | (8) |
Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (24.6) | ||
Interest rate risk | |||
Main market risk metric | |||
VaR | 9.2 | 9.7 | 7.9 |
Expected shortfall (ES) at 97.5% | 7.6 | ||
Interest rate risk | Minimum | |||
Main market risk metric | |||
VaR | 6.6 | ||
Interest rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 10 | 9.4 | 16.2 |
Interest rate risk | Maximum | |||
Main market risk metric | |||
VaR | 17.6 | ||
Equity price risk | |||
Main market risk metric | |||
VaR | 4.8 | 2.8 | 1.9 |
Expected shortfall (ES) at 97.5% | 4.6 | ||
Equity price risk | Minimum | |||
Main market risk metric | |||
VaR | 1 | ||
Equity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 2.9 | 2.4 | 3 |
Equity price risk | Maximum | |||
Main market risk metric | |||
VaR | 15.3 | ||
Exchange rate risk | |||
Main market risk metric | |||
VaR | 2.6 | 6.2 | 3.3 |
Expected shortfall (ES) at 97.5% | 2.8 | ||
Exchange rate risk | Minimum | |||
Main market risk metric | |||
VaR | 1.8 | ||
Exchange rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 3.9 | 3.9 | 6.6 |
Exchange rate risk | Maximum | |||
Main market risk metric | |||
VaR | 8.4 | ||
Credit spread | |||
Main market risk metric | |||
VaR | 3.5 | 4.1 | 4.6 |
Expected shortfall (ES) at 97.5% | 3.2 | ||
Credit spread | Minimum | |||
Main market risk metric | |||
VaR | 2.1 | ||
Credit spread | Weighted average | |||
Main market risk metric | |||
VaR | 3.4 | 3.4 | 3.6 |
Credit spread | Maximum | |||
Main market risk metric | |||
VaR | 4.8 | ||
Commodity price risk | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Expected shortfall (ES) at 97.5% | 0 | ||
Commodity price risk | Minimum | |||
Main market risk metric | |||
VaR | 0 | ||
Commodity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Commodity price risk | Maximum | |||
Main market risk metric | |||
VaR | 0.1 | ||
Continental Europe | Trading market risk | |||
Main market risk metric | |||
VaR | 10.1 | 5.5 | 6.3 |
Expected shortfall (ES) at 97.5% | 6.8 | ||
Continental Europe | Trading market risk | Minimum | |||
Main market risk metric | |||
VaR | 4.2 | ||
Continental Europe | Trading market risk | Weighted average | |||
Main market risk metric | |||
VaR | 6.3 | 5 | 6.8 |
Continental Europe | Trading market risk | Maximum | |||
Main market risk metric | |||
VaR | 11.6 | ||
Continental Europe | Diversification effect | |||
Main market risk metric | |||
VaR | (8.3) | (8.2) | (6.1) |
Expected shortfall (ES) at 97.5% | (8.8) | ||
Continental Europe | Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (2.9) | ||
Continental Europe | Diversification effect | Weighted average | |||
Main market risk metric | |||
VaR | (6.9) | (6.7) | (6.1) |
Continental Europe | Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (15.2) | ||
Continental Europe | Interest rate risk | |||
Main market risk metric | |||
VaR | 8.2 | 5.8 | 5.7 |
Expected shortfall (ES) at 97.5% | 6.5 | ||
Continental Europe | Interest rate risk | Minimum | |||
Main market risk metric | |||
VaR | 3.6 | ||
Continental Europe | Interest rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 6 | 5 | 6.1 |
Continental Europe | Interest rate risk | Maximum | |||
Main market risk metric | |||
VaR | 12.8 | ||
Continental Europe | Equity price risk | |||
Main market risk metric | |||
VaR | 4.9 | 1.2 | 0.5 |
Expected shortfall (ES) at 97.5% | 4.4 | ||
Continental Europe | Equity price risk | Minimum | |||
Main market risk metric | |||
VaR | 0.4 | ||
Continental Europe | Equity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 1.9 | 1.1 | 1.1 |
Continental Europe | Equity price risk | Maximum | |||
Main market risk metric | |||
VaR | 5.1 | ||
Continental Europe | Exchange rate risk | |||
Main market risk metric | |||
VaR | 1.9 | 2.1 | 1.4 |
Expected shortfall (ES) at 97.5% | 1.4 | ||
Continental Europe | Exchange rate risk | Minimum | |||
Main market risk metric | |||
VaR | 1 | ||
Continental Europe | Exchange rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 1.9 | 1.7 | 2 |
Continental Europe | Exchange rate risk | Maximum | |||
Main market risk metric | |||
VaR | 3.8 | ||
Continental Europe | Credit spread | |||
Main market risk metric | |||
VaR | 3.5 | 4.6 | 4.7 |
Expected shortfall (ES) at 97.5% | 3.2 | ||
Continental Europe | Credit spread | Minimum | |||
Main market risk metric | |||
VaR | 2.1 | ||
Continental Europe | Credit spread | Weighted average | |||
Main market risk metric | |||
VaR | 3.4 | 3.9 | 3.7 |
Continental Europe | Credit spread | Maximum | |||
Main market risk metric | |||
VaR | 5.1 | ||
Continental Europe | Commodity price risk | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Expected shortfall (ES) at 97.5% | 0 | ||
Continental Europe | Commodity price risk | Minimum | |||
Main market risk metric | |||
VaR | 0 | ||
Continental Europe | Commodity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Continental Europe | Commodity price risk | Maximum | |||
Main market risk metric | |||
VaR | 0 | ||
North America | Trading market risk | |||
Main market risk metric | |||
VaR | 3.8 | 8.3 | 4.3 |
Expected shortfall (ES) at 97.5% | 4 | ||
North America | Trading market risk | Minimum | |||
Main market risk metric | |||
VaR | 1.5 | ||
North America | Trading market risk | Weighted average | |||
Main market risk metric | |||
VaR | 3.5 | 7.2 | 7.6 |
North America | Trading market risk | Maximum | |||
Main market risk metric | |||
VaR | 5.1 | ||
North America | Diversification effect | |||
Main market risk metric | |||
VaR | (2.1) | (2.7) | (3.5) |
Expected shortfall (ES) at 97.5% | (1.2) | ||
North America | Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (0.4) | ||
North America | Diversification effect | Weighted average | |||
Main market risk metric | |||
VaR | (1.3) | (4.8) | (4.7) |
North America | Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (3.6) | ||
North America | Interest rate risk | |||
Main market risk metric | |||
VaR | 3.4 | 7.7 | 4.6 |
Expected shortfall (ES) at 97.5% | 2.6 | ||
North America | Interest rate risk | Minimum | |||
Main market risk metric | |||
VaR | 1.5 | ||
North America | Interest rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 2.6 | 6.4 | 7.6 |
North America | Interest rate risk | Maximum | |||
Main market risk metric | |||
VaR | 4 | ||
North America | Equity price risk | |||
Main market risk metric | |||
VaR | 0.1 | 0 | 0 |
Expected shortfall (ES) at 97.5% | 0.1 | ||
North America | Equity price risk | Minimum | |||
Main market risk metric | |||
VaR | 0.1 | ||
North America | Equity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 0.2 | 0.1 | 0.4 |
North America | Equity price risk | Maximum | |||
Main market risk metric | |||
VaR | 0.6 | ||
North America | Exchange rate risk | |||
Main market risk metric | |||
VaR | 2.4 | 3.3 | 3.3 |
Expected shortfall (ES) at 97.5% | 2.4 | ||
North America | Exchange rate risk | Minimum | |||
Main market risk metric | |||
VaR | 0.4 | ||
North America | Exchange rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 2 | 5.5 | 4.2 |
North America | Exchange rate risk | Maximum | |||
Main market risk metric | |||
VaR | 4.1 | ||
South America | Trading market risk | |||
Main market risk metric | |||
VaR | 6 | 10 | 7.8 |
Expected shortfall (ES) at 97.5% | 6.1 | ||
South America | Trading market risk | Minimum | |||
Main market risk metric | |||
VaR | 5.5 | ||
South America | Trading market risk | Weighted average | |||
Main market risk metric | |||
VaR | 9.5 | 7.2 | 18.7 |
South America | Trading market risk | Maximum | |||
Main market risk metric | |||
VaR | 20.7 | ||
South America | Diversification effect | |||
Main market risk metric | |||
VaR | (3.8) | (2.3) | (3.4) |
Expected shortfall (ES) at 97.5% | (2.6) | ||
South America | Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (0.4) | ||
South America | Diversification effect | Weighted average | |||
Main market risk metric | |||
VaR | (2.9) | (3.5) | (2.9) |
South America | Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (13.4) | ||
South America | Interest rate risk | |||
Main market risk metric | |||
VaR | 5.9 | 6.6 | 7.4 |
Expected shortfall (ES) at 97.5% | 5.4 | ||
South America | Interest rate risk | Minimum | |||
Main market risk metric | |||
VaR | 4.9 | ||
South America | Interest rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 7.8 | 6.4 | 14.8 |
South America | Interest rate risk | Maximum | |||
Main market risk metric | |||
VaR | 19.6 | ||
South America | Equity price risk | |||
Main market risk metric | |||
VaR | 1.7 | 2.9 | 1.9 |
Expected shortfall (ES) at 97.5% | 1.6 | ||
South America | Equity price risk | Minimum | |||
Main market risk metric | |||
VaR | 0.4 | ||
South America | Equity price risk | Weighted average | |||
Main market risk metric | |||
VaR | 2 | 2.5 | 3.2 |
South America | Equity price risk | Maximum | |||
Main market risk metric | |||
VaR | 7 | ||
South America | Exchange rate risk | |||
Main market risk metric | |||
VaR | 2.1 | 2.9 | 2 |
Expected shortfall (ES) at 97.5% | 1.7 | ||
South America | Exchange rate risk | Minimum | |||
Main market risk metric | |||
VaR | 0.6 | ||
South America | Exchange rate risk | Weighted average | |||
Main market risk metric | |||
VaR | 2.6 | € 1.9 | € 3.5 |
South America | Exchange rate risk | Maximum | |||
Main market risk metric | |||
VaR | € 7.6 |
Risk management - Structural Ma
Risk management - Structural Market Risk - Structural VaR (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Diversification effect | |||
Main market risk metric | |||
VaR | € (9.9) | € (11.5) | € (7.6) |
Exchange rate risk | |||
Main market risk metric | |||
VaR | 2.6 | 6.2 | 3.3 |
Equity price risk | |||
Main market risk metric | |||
VaR | 4.8 | 2.8 | 1.9 |
Minimum | Diversification effect | |||
Main market risk metric | |||
VaR | (4.3) | ||
Minimum | Exchange rate risk | |||
Main market risk metric | |||
VaR | 1.8 | ||
Minimum | Equity price risk | |||
Main market risk metric | |||
VaR | 1 | ||
Weighted average | Diversification effect | |||
Main market risk metric | |||
VaR | (8.2) | (9.3) | (8) |
Weighted average | Exchange rate risk | |||
Main market risk metric | |||
VaR | 3.9 | 3.9 | 6.6 |
Weighted average | Equity price risk | |||
Main market risk metric | |||
VaR | 2.9 | 2.4 | 3 |
Maximum | Diversification effect | |||
Main market risk metric | |||
VaR | (24.6) | ||
Maximum | Exchange rate risk | |||
Main market risk metric | |||
VaR | 8.4 | ||
Maximum | Equity price risk | |||
Main market risk metric | |||
VaR | 15.3 | ||
Banking Book | Structural risks | |||
Main market risk metric | |||
VaR | 729.1 | 556.8 | 815.7 |
Banking Book | Diversification effect | |||
Main market risk metric | |||
VaR | (402) | (267.7) | (376.8) |
Banking Book | Interest rate; credit spread | |||
Main market risk metric | |||
VaR | 629.7 | 319.5 | 459.6 |
Banking Book | Exchange rate risk | |||
Main market risk metric | |||
VaR | 331.7 | 324.9 | 471.2 |
Banking Book | Equity price risk | |||
Main market risk metric | |||
VaR | 169.8 | 180.1 | 261.6 |
Banking Book | Minimum | Structural risks | |||
Main market risk metric | |||
VaR | 438.2 | ||
Banking Book | Minimum | Diversification effect | |||
Main market risk metric | |||
VaR | (225.5) | ||
Banking Book | Minimum | Interest rate; credit spread | |||
Main market risk metric | |||
VaR | 224.7 | ||
Banking Book | Minimum | Exchange rate risk | |||
Main market risk metric | |||
VaR | 283.5 | ||
Banking Book | Minimum | Equity price risk | |||
Main market risk metric | |||
VaR | 155.5 | ||
Banking Book | Weighted average | Structural risks | |||
Main market risk metric | |||
VaR | 511.4 | 568.5 | 878 |
Banking Book | Weighted average | Diversification effect | |||
Main market risk metric | |||
VaR | (304.2) | (325) | (337.3) |
Banking Book | Weighted average | Interest rate; credit spread | |||
Main market risk metric | |||
VaR | 345.6 | 337.1 | 373.9 |
Banking Book | Weighted average | Exchange rate risk | |||
Main market risk metric | |||
VaR | 308.1 | 338.9 | 546.9 |
Banking Book | Weighted average | Equity price risk | |||
Main market risk metric | |||
VaR | 161.9 | € 217.6 | € 294.5 |
Banking Book | Maximum | Structural risks | |||
Main market risk metric | |||
VaR | 729.1 | ||
Banking Book | Maximum | Diversification effect | |||
Main market risk metric | |||
VaR | (404.3) | ||
Banking Book | Maximum | Interest rate; credit spread | |||
Main market risk metric | |||
VaR | 629.7 | ||
Banking Book | Maximum | Exchange rate risk | |||
Main market risk metric | |||
VaR | 332.1 | ||
Banking Book | Maximum | Equity price risk | |||
Main market risk metric | |||
VaR | € 171.7 |
Risk management - Structural In
Risk management - Structural Interest Rate Risk (Details) - Banking Book - Interest rate risk - Sensitivity Analysis Variable One € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€) | |
Europe | |
Structural interest rate risk | |
Percentage of reasonably possible increase in risk assumption | 1.00% |
Percentage of reasonably possible decrease in risk assumption | 1.00% |
Europe | EUR | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | € 479 |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | 479 |
Europe | GBP | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | 69 |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | 69 |
Europe | Polish zloty | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | 60 |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | 60 |
Europe | USD | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | 13 |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | 13 |
UNITED STATES | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | € 65 |
Percentage of reasonably possible increase in risk assumption | 1.00% |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | € 65 |
Percentage of reasonably possible decrease in risk assumption | 1.00% |
BRAZIL | |
Structural interest rate risk | |
Increase (decrease) in profit (loss) due to reasonably possible increase in designated risk component | € 74 |
Percentage of reasonably possible increase in risk assumption | 1.00% |
Increase (decrease) in profit and loss due to reasonably possible decrease in designated risk component | € 74 |
Percentage of reasonably possible decrease in risk assumption | 1.00% |
Risk management - Structural Fo
Risk management - Structural Foreign Currency Risk (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Exchange rate risk | |
Main market risk metric | |
Core capital ratio for foreign exchange rate risk | 100.00% |
Risk management - Structural Eq
Risk management - Structural Equity Risk (Details) - Equity price risk - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | € 4.8 | € 2.8 | € 1.9 |
Equity instruments | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR percentage | 99.00% | ||
Time horizon | 1 day | ||
VaR | € 170 | € 180.1 | € 261.6 |
Risk management - Liquidity and
Risk management - Liquidity and Funding Risks, On and Off Balance Sheet Encumbrances (Details) | 12 Months Ended | ||||
Dec. 31, 2019EUR (€)component | Dec. 31, 2018EUR (€) | Jan. 01, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | € 1,522,695,000,000 | € 1,459,271,000,000 | [1] | € 1,443,069,000,000 | € 1,444,305,000,000 |
Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Percent of total assets encumbered | 24.10% | 24.80% | |||
Total assets encumbered | € 1,655,600 | ||||
With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Matching liabilities, contingent liabilities or securities lent | 302,500,000,000 | ||||
Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | € 398,600,000,000 | ||||
Number of categories of encumbered assets | component | 2 | ||||
On-balance-sheet assets | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | € 321,500,000,000 | ||||
Percent of total assets encumbered | 67.00% | ||||
On-balance-sheet assets | With property collateral | Unmatured | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | € 32,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 1 month | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 43,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 1 to 3 months | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 8,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 3 to 12 months | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 80,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 1 to 2 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 65,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 2 to 3 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 29,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 3 to 5 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 24,000,000,000 | ||||
On-balance-sheet assets | With property collateral | 5 to 10 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 20,000,000,000 | ||||
On-balance-sheet assets | With property collateral | More than 10 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 20,000,000,000 | ||||
On-balance-sheet assets | Without collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of asset | 1,201,200,000,000 | ||||
On-balance-sheet assets | Loans commitment granted | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 215,900,000,000 | ||||
On-balance-sheet assets | Loans commitment granted | Without collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of asset | 906,200,000,000 | ||||
On-balance-sheet assets | Equity instruments | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 6,500,000,000 | ||||
Fair value of asset | 6,500,000,000 | ||||
On-balance-sheet assets | Equity instruments | Without collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 12,100,000,000 | ||||
Fair value of asset | 12,100,000,000 | ||||
On-balance-sheet assets | Debt instruments | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 64,700,000,000 | ||||
Fair value of asset | 64,800,000,000 | ||||
On-balance-sheet assets | Debt instruments | Without collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 119,600,000,000 | ||||
Fair value of asset | 119,900,000,000 | ||||
On-balance-sheet assets | Other assets Member | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Total assets | 34,400,000,000 | ||||
On-balance-sheet assets | Other assets Member | Without collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of asset | 163,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 77,000,000,000 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | 55,800,000,000 | ||||
Off-balance-sheet assets | With property collateral | Unmatured | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 27,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 1 month | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 24,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 1 to 3 months | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 4,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 3 to 12 months | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 20,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 1 to 2 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 1,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 2 to 3 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 0 | ||||
Off-balance-sheet assets | With property collateral | 3 to 5 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 1,000,000,000 | ||||
Off-balance-sheet assets | With property collateral | 5 to 10 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 0 | ||||
Off-balance-sheet assets | With property collateral | More than 10 years | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 0 | ||||
Off-balance-sheet assets | Loans and advances | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 800,000,000 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | 0 | ||||
Off-balance-sheet assets | Equity instruments | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 5,600,000,000 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | 8,200,000,000 | ||||
Off-balance-sheet assets | Debt instruments | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 70,600,000,000 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | 47,600,000,000 | ||||
Off-balance-sheet assets | Other collateral received | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 0 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | 0 | ||||
Off-balance-sheet assets | Own debt securities issued other than own covered bonds or ABSs | With property collateral | Liquidity risk | |||||
Encumbered assets and collateral received and matching liabilities | |||||
Fair value of encumbered collateral received or own debt securities issued | 0 | ||||
Fair value of collateral received or own debt securities issued available for encumbrance | € 1,200,000,000 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - Capital Risk
Risk management - Capital Risk (Details) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 11.65% | 11.47% | 12.26% |
Tier 1 phase in capital ratio | 13.14% | 13.12% | 12.77% |
Total phase-in capital | 15.05% | 14.98% | 14.99% |
CET1 fully loaded ratio | 11.65% | ||
Minimum | |||
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 9.69% | ||
Pillar 1 percentage | 4.50% | ||
Pillar 2 percentage | 1.50% | ||
Capital conservation buffer, percentage | 2.50% | ||
Globally Systemically Important Entity percentage | 1.00% | ||
Percentage of anti cyclical buffer on common equity Tier1 capital | 0.19% | ||
Tier 1 phase in capital ratio | 1.50% | ||
Total phase-in capital | 13.19% |
Risk management - Regulatory Ca
Risk management - Regulatory Capital (Details) € in Millions, $ in Millions | Dec. 31, 2019EUR (€) | Sep. 24, 2019USD ($) | Jan. 01, 2019EUR (€) | Dec. 31, 2018EUR (€) | Jan. 01, 2018EUR (€) | [3] | Dec. 31, 2017EUR (€) | Nov. 07, 2017EUR (€) | Jul. 03, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||
Risk management | ||||||||||||
Subscribed capital | € 8,309 | € 8,118 | [1] | € 8,068 | € 48 | € 729 | € 7,291 | |||||
Share premium account | 52,446 | 50,993 | [1] | 51,053 | € 6,343 | |||||||
Reserves | 56,526 | 53,988 | 52,577 | |||||||||
Treasury shares | (31) | (59) | [1] | (22) | ||||||||
Attributable profit | 6,515 | 7,810 | [1] | 6,619 | ||||||||
Approved dividends | (1,662) | $ (1,662) | (2,237) | [1] | (2,029) | |||||||
Total equity attributable to owners of parent | 122,103 | 118,613 | 116,265 | |||||||||
Valuation Adjustments | (22,032) | (22,141) | (21,777) | |||||||||
Non-controlling interests | 10,588 | 10,889 | [1] | 12,344 | ||||||||
TOTAL EQUITY | 110,659 | € 106,970 | 107,361 | [1],[2] | € 105,493 | 106,833 | € 102,699 | [3] | ||||
Goodwill and intangible assets | (28,478) | (28,644) | (28,537) | |||||||||
Eligible preference shares and preferred securities | 9,039 | 9,754 | 7,635 | |||||||||
Accrued dividend | (1,761) | (1,055) | (968) | |||||||||
Other adjustments | (9,923) | (9,700) | (7,679) | |||||||||
Tier I (Phase-in) | € 79,536 | € 77,716 | € 77,283 | |||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||||||||
[3] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - Regulatory _2
Risk management - Regulatory Capital Phase-in Coefficients (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Risk management | |||
Level 1 ordinary eligible capital (millions of euros) | € 70,497 | € 67,962 | € 74,173 |
Level 1 additional eligible capital (millions of euros) | 9,039 | 9,754 | 3,110 |
Level 2 eligible capital (millions of euros) | 11,531 | 11,009 | 13,422 |
Risks (millions of euros) | € 605,244 | € 592,319 | € 605,064 |
Level 1 ordinary capital coefficient (CET 1) (as a percent) | 11.65% | 11.47% | 12.26% |
Level 1 additional capital coefficient (AT1) (as a percent) | 1.49% | 1.65% | 0.51% |
Level 1 phase in capital ratio (as a percent) | 13.14% | 13.12% | 12.77% |
Level 2 capital coefficient (TIER 2) (as a percent) | 1.91% | 1.86% | 2.22% |
Total capital coefficient (as a percent) | 15.05% | 14.98% | 14.99% |
Risk management - Regulatory _3
Risk management - Regulatory Capital Alternative Standard (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Nov. 07, 2017 | Jul. 03, 2017 | Dec. 31, 2016 | |
Eligible Capital | |||||||
Common Equity Tier 1 | € 70,497 | € 67,962 | € 74,173 | ||||
CAPITAL | 8,309 | 8,118 | [1] | 8,068 | € 48 | € 729 | € 7,291 |
(-) Treasury shares and own shares financed | (63) | (64) | (22) | ||||
Share premium | 52,446 | 50,993 | [1] | 51,053 | € 6,343 | ||
Reserves | 57,368 | 55,036 | 52,241 | ||||
Other retained earnings | (22,933) | (23,022) | (22,363) | ||||
Minority interests | 6,441 | 6,981 | 7,991 | ||||
Profit net of dividends | 3,092 | 4,518 | 3,621 | ||||
Deductions | (34,163) | (34,598) | (26,416) | ||||
Goodwill and intangible assets | (28,478) | (28,644) | (22,829) | ||||
Others | (5,685) | (5,954) | (3,586) | ||||
Additional Tier I | 9,039 | 9,754 | 3,110 | ||||
Eligible instruments AT1 | 9,209 | 9,666 | 8,498 | ||||
T1 excesses - subsidiaries | (170) | 88 | 347 | ||||
Residual value of intangibles | 0 | 0 | (5,707) | ||||
Deductions | 0 | 0 | (27) | ||||
Tier II | 11,531 | 11,009 | 13,422 | ||||
Eligible instruments AT2 | 12,360 | 11,306 | 9,901 | ||||
Gen. Funds and surplus loans loss prov. IRB | 0 | 0 | 3,823 | ||||
T2 excesses - subsidiaries | (829) | (297) | (275) | ||||
Deductions | 0 | 0 | (27) | ||||
TOTAL ELIGIBLE CAPITAL | € 91,067 | € 88,725 | € 90,706 | ||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Risk management - Regulatory _4
Risk management - Regulatory Capital Other Information (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2019EUR (€)companycomponent | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | |
IFRS Leverage Ratios [Abstract] | |||
Level 1 Capital (millions of euros) | € 79,536 | € 77,716 | € 77,283 |
Exposure (millions of euros) | € 1,544,614 | € 1,489,094 | € 1,463,090 |
Leverage Ratio (as a percent) | 5.15% | 5.22% | 5.28% |
Global systemically important banks | |||
Number of global systemically important banks (G-SIBs) | company | 30 | ||
Number of criteria determining designation as global systemically important bank | component | 5 | ||
Capital buffer percentage | (1.00%) |
Additional disclosures - Parent
Additional disclosures - Parent-Only Balance Sheets (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Nov. 07, 2017 | Jul. 03, 2017 | Dec. 31, 2016 | |||
ASSETS | |||||||||||
Cash equivalents at central banks | € 75,353 | € 89,005 | [1] | € 87,430 | |||||||
Financial assets held for trading | 108,230 | 92,879 | [2] | € 125,618 | 125,458 | ||||||
Held-to-maturity investments | 13,491 | ||||||||||
Loans and receivables | 903,013 | ||||||||||
Investments | 6,150 | 6,184 | |||||||||
Premises and equipment, net | 34,262 | 24,594 | [2] | 20,650 | |||||||
Other assets | 10,138 | 9,348 | [2] | 9,766 | |||||||
TOTAL ASSETS | 1,522,695 | 1,459,271 | [2] | 1,443,069 | 1,444,305 | ||||||
LIABILITIES | |||||||||||
OTHER LIABILITIES | 12,792 | 13,088 | [2] | 12,591 | |||||||
TOTAL LIABILITIES | 1,412,036 | 1,351,910 | [2] | 1,337,707 | 1,337,472 | ||||||
EQUITY | |||||||||||
Share capital | 8,309 | 8,118 | [2] | 8,068 | € 48 | € 729 | € 7,291 | ||||
TOTAL EQUITY | 110,659 | € 106,970 | 107,361 | [2],[3] | € 105,493 | [4] | 106,833 | € 102,699 | [4] | ||
TOTAL LIABILITIES AND EQUITY | 1,522,695 | 1,459,271 | [2] | 1,444,305 | |||||||
Banco Santander S.A. | Reportable Legal Entities | |||||||||||
ASSETS | |||||||||||
Cash equivalents at central banks | 85,922 | 105,660 | 76,690 | ||||||||
Financial assets held for trading | 86,583 | 70,825 | 64,326 | ||||||||
Held-to-maturity investments | 44,020 | 61,064 | 49,194 | ||||||||
Loans and receivables | 276,330 | 263,142 | 197,591 | ||||||||
Investments | 87,330 | 81,734 | 85,428 | ||||||||
Premises and equipment, net | 7,131 | 2,410 | 1,929 | ||||||||
Other assets | 22,600 | 23,541 | 17,257 | ||||||||
TOTAL ASSETS | 609,916 | 608,376 | 492,415 | ||||||||
LIABILITIES | |||||||||||
Deposits | 345,975 | 350,786 | 256,389 | ||||||||
Short-term debt | 20,547 | 30,883 | 40,540 | ||||||||
Long-term debt | 83,906 | 75,600 | 53,023 | ||||||||
Total borrowings | 104,453 | 106,483 | 93,563 | ||||||||
OTHER LIABILITIES | 89,265 | 82,340 | 71,896 | ||||||||
TOTAL LIABILITIES | 539,693 | 539,609 | 421,848 | ||||||||
EQUITY | |||||||||||
Share capital | 8,309 | 8,118 | 8,068 | ||||||||
Retained earnings and other reserves | 61,914 | 60,649 | 62,499 | ||||||||
TOTAL EQUITY | 70,223 | 68,767 | 70,567 | ||||||||
TOTAL LIABILITIES AND EQUITY | 609,916 | 608,376 | 492,415 | ||||||||
Bank Subsidiaries | Banco Santander S.A. | Reportable Legal Entities | |||||||||||
ASSETS | |||||||||||
Cash equivalents at central banks | 13,875 | 16,339 | 20,818 | ||||||||
Held-to-maturity investments | 9,504 | 11,084 | 6,474 | ||||||||
Investments | 59,364 | 69,118 | 65,567 | ||||||||
LIABILITIES | |||||||||||
Deposits | 14,705 | 18,526 | 20,391 | ||||||||
Total borrowings | 0 | 2,874 | 1,138 | ||||||||
Non-Bank Subsidiaries | Banco Santander S.A. | Reportable Legal Entities | |||||||||||
ASSETS | |||||||||||
Held-to-maturity investments | 3,450 | 4,581 | 3,729 | ||||||||
Loans and receivables | 28,690 | 26,505 | 33,113 | ||||||||
Investments | 27,966 | 12,616 | 19,861 | ||||||||
LIABILITIES | |||||||||||
Deposits | 15,518 | 13,655 | 13,115 | ||||||||
Total borrowings | € 1,667 | € 998 | € 2,966 | ||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||||
[2] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||||||||||
[4] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Additional disclosures - Pare_2
Additional disclosures - Parent-Only Income Statements (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Condensed Income Statements, Captions [Line Items] | ||||
Dividend income | € 533 | € 370 | [1] | € 384 |
Interest expense | (21,502) | (19,984) | [1] | (21,745) |
Non-interest income | 1,797 | 1,643 | [1] | 1,618 |
Non-interest expense | (2,138) | (2,000) | [1] | (1,966) |
Operating profit/(loss) before tax | 12,543 | 14,201 | [1] | 12,091 |
Tax expense or income from continuing operations | (4,427) | (4,886) | [1] | (3,884) |
Net income | 8,116 | 9,315 | [1],[2],[3] | 8,207 |
Banco Santander S.A. | Reportable Legal Entities | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Interest income | 8,009 | 7,660 | 5,733 | |
Dividend income | 5,959 | 3,872 | 3,320 | |
Interest and dividends from affiliates | 13,968 | 11,532 | 9,053 | |
Interest expense | (4,108) | (3,861) | (3,204) | |
Interest income/(Charges) | 9,860 | 7,671 | 5,849 | |
Provision for credit losses | (1,246) | (686) | (451) | |
Interest income/ (Charges) after provision for credit losses | 8,614 | 6,985 | 5,398 | |
Non-interest income | 4,132 | 3,972 | 3,872 | |
Non-interest expense | (9,168) | (7,573) | (6,293) | |
Operating profit/(loss) before tax | 3,578 | 3,384 | 2,977 | |
Tax expense or income from continuing operations | (48) | (83) | 29 | |
Net income | 3,530 | 3,301 | 3,006 | |
Banco Santander S.A. | Reportable Legal Entities | Bank Subsidiaries | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Dividend income | 3,019 | 2,874 | 2,580 | |
Banco Santander S.A. | Reportable Legal Entities | Non-Bank Subsidiaries | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Dividend income | € 2,940 | € 998 | € 740 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Additional disclosures - Pare_3
Additional disclosures - Parent-Only Comprehensive Income Statements (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Condensed Statement of Income Captions [Line Items] | ||||
Profit (loss) | € 8,116 | € 9,315 | [1],[2],[3] | € 8,207 |
OTHER RECOGNISED INCOME AND EXPENSE | 419 | (1,899) | [2] | (7,320) |
Other comprehensive income that will be reclassified to profit or loss, net of tax | 1,770 | (2,231) | [2] | (7,232) |
Financial assets available-for-sale | 683 | |||
Revaluation gains (losses) | 1,137 | |||
Amounts transferred to income statement | (454) | |||
Other reclassifications | 0 | |||
Hedging instruments (items not designated) | 0 | 0 | [2] | |
Revaluation gains (losses) | 0 | 0 | [2] | |
Amounts transferred to income statement | 0 | 0 | [2] | |
Other reclassifications | 0 | 0 | [2] | |
Debt instruments at fair value with changes in other comprehensive income | 2,414 | (591) | [2] | |
Revaluation gains (losses) | 2,588 | (29) | [2] | |
Reclassification of financial assets at fair value through other comprehensive income | 792 | 562 | [2] | |
Other reclassifications | 618 | 0 | [2] | |
Cash flow hedges (effective portion) | 8 | 174 | [2] | (441) |
Revaluation gains (losses) | (1,104) | 491 | [2] | 501 |
Amounts transferred to income statement | 1,112 | (317) | [2] | (942) |
Other reclassifications | 0 | 0 | [2] | 0 |
Hedges of net investments in foreign operations (effective portion) | (1,151) | (2) | [2] | 614 |
Exchange differences | 1,396 | (1,874) | [2] | (8,014) |
Non-current assets held for sale | 0 | 0 | [2] | 0 |
Income tax | (870) | 139 | [2] | (4) |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (1,351) | 332 | [2] | (88) |
Actuarial gains and losses on defined benefit pension plans | (1,677) | 618 | [2] | (157) |
Income tax relating to items that will not be reclassified | 510 | (222) | [2] | 68 |
Total recognised income and expenses for the year | 8,535 | 7,416 | [2] | 887 |
Banco Santander S.A. | Reportable Legal Entities | ||||
Condensed Statement of Income Captions [Line Items] | ||||
Profit (loss) | 3,530 | 3,301 | 3,006 | |
OTHER RECOGNISED INCOME AND EXPENSE | 119 | (410) | (356) | |
Other comprehensive income that will be reclassified to profit or loss, net of tax | 422 | (348) | (341) | |
Financial assets available-for-sale | 0 | 0 | (625) | |
Revaluation gains (losses) | 0 | 0 | (283) | |
Amounts transferred to income statement | 0 | 0 | (342) | |
Other reclassifications | 0 | 0 | 0 | |
Hedging instruments (items not designated) | 0 | 0 | 0 | |
Revaluation gains (losses) | 0 | 0 | 0 | |
Amounts transferred to income statement | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Debt instruments at fair value with changes in other comprehensive income | 724 | (634) | 0 | |
Revaluation gains (losses) | 698 | (135) | 0 | |
Reclassification of financial assets at fair value through other comprehensive income | 592 | 499 | 0 | |
Other reclassifications | 618 | 0 | 0 | |
Cash flow hedges (effective portion) | (117) | 137 | (7) | |
Revaluation gains (losses) | (205) | 153 | (7) | |
Amounts transferred to income statement | 88 | (16) | 0 | |
Amounts transferred to initial carrying amount of hedged items | 0 | 0 | 0 | |
Other reclassifications | 0 | 0 | 0 | |
Hedges of net investments in foreign operations (effective portion) | 0 | 0 | 0 | |
Exchange differences | 0 | 0 | 0 | |
Non-current assets held for sale | 0 | 0 | 0 | |
Income tax | (185) | 149 | 291 | |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (303) | (62) | (15) | |
Actuarial gains and losses on defined benefit pension plans | (327) | 43 | (23) | |
Other valuation adjustments | (133) | (78) | 0 | |
Income tax relating to items that will not be reclassified | 157 | (27) | 8 | |
Total recognised income and expenses for the year | € 3,649 | € 2,891 | € 2,650 | |
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Additional disclosures - Pare_4
Additional disclosures - Parent-Only Cash Flow Statements (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||||
Profit (loss) | € 8,116 | € 9,315 | [1],[2],[3] | € 8,207 | ||
Adjustments to profit | 23,990 | 21,714 | [3] | 23,927 | ||
Net increase/(decrease) in operating assets | (64,593) | (51,550) | [3] | (18,349) | ||
Increase (decrease) in operating liabilities | 38,469 | 27,279 | [3] | 30,540 | ||
Income tax recovered/(paid) | (2,593) | (3,342) | [3] | (4,137) | ||
CASH FLOWS FROM OPERATING ACTIVITIES | 3,389 | 3,416 | [3] | 40,188 | ||
Investments (-) | (14,289) | (12,936) | [3] | (10,134) | ||
Divestments (+) | 7,060 | 16,084 | [3] | 6,126 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | (7,229) | 3,148 | [3] | (4,008) | ||
Issuance of own equity instruments | 0 | 0 | [3] | 7,072 | ||
Disposal of own equity instruments | 947 | 989 | [3] | 1,331 | ||
Payments for acquisition of own equity instrument | (928) | (1,026) | [3] | (1,309) | ||
Dividends paid | (3,773) | (3,118) | [3] | (2,665) | ||
Issuance/redemption of equity instruments | 0 | 0 | 0 | |||
Other payments related to financing activities | (2,335) | (925) | [3] | (1,802) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | (10,122) | (3,301) | [3] | 4,206 | ||
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 1,366 | (595) | [3] | (5,845) | ||
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (12,596) | 2,668 | [3] | 34,541 | ||
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 113,663 | [3],[4] | 110,995 | [3] | 76,454 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 101,067 | 113,663 | [3],[4] | 110,995 | [3] | |
Banco Santander S.A. | Reportable Legal Entities | ||||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||||
Profit (loss) | 3,530 | 3,301 | 3,006 | |||
Adjustments to profit | 2,206 | 11,576 | 1,824 | |||
Net increase/(decrease) in operating assets | (13,370) | (17,566) | (10,430) | |||
Increase (decrease) in operating liabilities | 45 | 13,411 | 21,915 | |||
Income tax recovered/(paid) | 743 | (279) | (839) | |||
CASH FLOWS FROM OPERATING ACTIVITIES | (6,846) | 10,443 | 15,476 | |||
Investments (-) | (7,094) | (1,472) | (8,818) | |||
Divestments (+) | 1,952 | 10,197 | 4,995 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | (5,142) | 8,725 | (3,823) | |||
Issuance of own equity instruments | 0 | 0 | 7,072 | |||
Disposal of own equity instruments | 829 | 805 | 1,004 | |||
Payments for acquisition of own equity instrument | (829) | (816) | (972) | |||
Issuance of debt securities | 1,056 | 2,750 | 2,894 | |||
Redemption of debt securities | (4,578) | (827) | (764) | |||
Dividends paid | (3,773) | (3,118) | (2,665) | |||
Other payments related to financing activities | (382) | (2) | 532 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | (7,677) | (1,208) | 7,101 | |||
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 205 | 237 | (655) | |||
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (19,460) | 18,197 | 18,099 | |||
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 51,931 | 33,734 | 15,635 | |||
CASH AND CASH EQUIVALENTS AT END OF PERIOD | € 32,471 | € 51,931 | € 33,734 | |||
[1] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[2] | See further detail regarding the impacts of the entry into force of IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[3] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | |||||
[4] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Additional disclosures - Prefer
Additional disclosures - Preference Shares and Preferred Securities (Details) - FINANCIAL LIABILITIES AT AMORTISED COST - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 21,062 | € 23,820 | [1] | € 21,510 |
Subordinated liabilities | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 8,030 | 10,063 | 8,773 | |
Preference Shares | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 321 | 345 | 404 | |
Preferred Securities | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 7,709 | € 9,717 | € 8,369 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Additional disclosures - Pref_2
Additional disclosures - Preference Shares and Securities Detail (Details) € / shares in Units, € in Millions, £ in Millions, $ in Millions | Mar. 19, 2018USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2017EUR (€) | Dec. 31, 2014 | Jan. 09, 2020EUR (€) | Dec. 31, 2019EUR (€)€ / shares | Dec. 31, 2019GBP (£) | Dec. 31, 2018EUR (€) | Sep. 29, 2017EUR (€) | Jul. 03, 2017€ / shares | Apr. 25, 2017EUR (€) | Sep. 02, 2014EUR (€) | Mar. 05, 2014EUR (€) | Jan. 29, 2014USD ($) | |
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | € 362,464 | € 318,807 | |||||||||||||
Initial interest rate term | 6 years | ||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | ||||||||||||||
Par value per share | € / shares | € 0.50 | € 0.50 | |||||||||||||
FINANCIAL LIABILITIES AT AMORTISED COST | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 21,510 | € 21,062 | 23,820 | [1] | |||||||||||
Tier 1 Perpetual Subordinated Notes | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Common Equity Tier 1 Ratio (CET1) maximum threshold percentage for conversion of the subordinated issue | 5.125% | ||||||||||||||
Subordinated liabilities | FINANCIAL LIABILITIES AT AMORTISED COST | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | 8,773 | 8,030 | 10,063 | ||||||||||||
Preference Shares | FINANCIAL LIABILITIES AT AMORTISED COST | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | 404 | 321 | 345 | ||||||||||||
Preferred Securities | FINANCIAL LIABILITIES AT AMORTISED COST | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 8,369 | € 7,709 | € 9,717 | ||||||||||||
Banco Santander (Brasil) S.A | Tier 1 Perpetual Subordinated Notes | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | $ | $ 1,248 | ||||||||||||||
Percentage of perpetual subordinated notes acquired | 89.60% | ||||||||||||||
Issuance by Santander UK plc in October 2005 | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | £ | £ 80.3 | ||||||||||||||
Issuance by Santander UK plc in October 2005 | Fixed interest rate | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 10.375% | 10.375% | 10.375% | ||||||||||||
Issuance by Santander UK plc in February 1996 | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | £ | £ 80.3 | ||||||||||||||
Issuance by Santander UK plc in February 1996 | Fixed interest rate | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 10.375% | 10.375% | 10.375% | ||||||||||||
Issuance by Santander Bank National Association in August 2000 | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | $ | $ 153 | ||||||||||||||
Issuance by Santander Bank National Association in August 2000 | Fixed interest rate | Preference Shares | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 12.00% | 12.00% | 12.00% | ||||||||||||
Issuance by Banco Santander S.A. in March 2014 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | € 1,500 | € 1,500 | |||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | 6.25% | 6.25% | |||||||||||
Initial interest rate term | 5 years | 5 years | |||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.10% | 4.999% | 5.41% | ||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | 5-year Mid-Swap Rate | |||||||||||||
Issuance by Banco Santander S.A. in March 2014 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 1,500 | ||||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | 6.25% | ||||||||||||
Issuance by Banco Santander S.A. in March 2014 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 5.41% | 5.41% | 5.41% | ||||||||||||
Issuance by Banco Santander S.A. in September 2014 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | € 1,500 | ||||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | 6.25% | 6.25% | |||||||||||
Initial interest rate term | 7 years | 7 years | |||||||||||||
Adjustment to reference rate, after initial interest rate period | 5.64% | ||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | 5-year Mid-Swap Rate | |||||||||||||
Issuance by Banco Santander S.A. in September 2014 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 1,500 | ||||||||||||||
Interest rate (as a percent) | 6.25% | 6.25% | 6.25% | ||||||||||||
Issuance by Banco Santander S.A. in September 2014 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 5.64% | 5.64% | 5.64% | ||||||||||||
Issuance by Banco Santander S.A. in April 2017 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | € 750 | ||||||||||||||
Interest rate (as a percent) | 6.75% | ||||||||||||||
Initial interest rate term | 5 years | 5 years | |||||||||||||
Adjustment to reference rate, after initial interest rate period | 6.803% | ||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | ||||||||||||||
Issuance by Banco Santander S.A. in April 2017 | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 6.75% | 6.75% | 6.75% | ||||||||||||
Issuance by Banco Santander S.A. in April 2017 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 750 | ||||||||||||||
Interest rate (as a percent) | 6.75% | 6.75% | 6.75% | ||||||||||||
Issuance by Banco Santander S.A. in April 2017 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 6.803% | 6.803% | 6.803% | ||||||||||||
Issuance by Banco Santander S.A. in September 2017 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Notional amount | € 1,000 | ||||||||||||||
Interest rate (as a percent) | 5.25% | ||||||||||||||
Initial interest rate term | 6 years | ||||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | ||||||||||||||
Issuance by Banco Santander S.A. in September 2017 | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 5.25% | 5.25% | 5.25% | ||||||||||||
Issuance by Banco Santander S.A. in September 2017 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | $ | $ 1,000 | ||||||||||||||
Interest rate (as a percent) | 5.25% | 5.25% | 5.25% | ||||||||||||
Issuance by Banco Santander S.A. in September 2017 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.999% | 4.999% | 4.999% | ||||||||||||
Issuance by Banco Santander S.A. in March 2018 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | $ | $ 1,500 | ||||||||||||||
Interest rate (as a percent) | 4.75% | ||||||||||||||
Initial interest rate term | 7 years | 7 years | |||||||||||||
Reference rate, after initial interest rate period | 5-year Mid-Swap Rate | ||||||||||||||
Issuance by Banco Santander S.A. in March 2018 | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||||||
Issuance by Banco Santander S.A. in March 2018 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 1,500 | ||||||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||||||
Issuance by Banco Santander S.A. in March 2018 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.097% | 4.097% | 4.097% | ||||||||||||
Issuance by Banco Santander S.A. in February 2019 | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Initial interest rate term | 5 years | ||||||||||||||
Reference rate, after initial interest rate period | five-year Mid-Swap Rate | ||||||||||||||
Issuance by Banco Santander S.A. in February 2019 | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | 7.50% | ||||||||||||
Issuance by Banco Santander S.A. in February 2019 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 1,200 | ||||||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | 7.50% | ||||||||||||
Issuance by Banco Santander S.A. in February 2019 | Euro 5Y Mid-Swap Rate | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Adjustment to reference rate, after initial interest rate period | 49890.00% | 49890.00% | 49890.00% | ||||||||||||
Issuance by Santander Finance Preferred S.A. in September 2004 | CMS10 | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 144 | ||||||||||||||
Interest rate (as a percent) | 8.00% | 8.00% | 8.00% | ||||||||||||
Variable interest rate (as a percent) | 0.05% | 0.05% | 0.05% | ||||||||||||
Issuance by Santander Finance Preferred S.A. in March 2007 | US3M | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | € 210.4 | ||||||||||||||
Variable interest rate (as a percent) | 0.52% | 0.52% | 0.52% | ||||||||||||
Issuance by Santander Finance Preferred S.A. in July 2007 | Fixed interest rate | Preferred Securities | |||||||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||||||
Outstanding issue amount | $ | $ 4.9 | ||||||||||||||
Interest rate (as a percent) | 7.01% | 7.01% | 7.01% | ||||||||||||
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |
Uncategorized Items - san-20191
Label | Element | Value | |
Bank overdrafts | ifrs-full_BankOverdraftsClassifiedAsCashEquivalents | € 0 | |
Bank overdrafts | ifrs-full_BankOverdraftsClassifiedAsCashEquivalents | 0 | [1] |
Bank overdrafts | ifrs-full_BankOverdraftsClassifiedAsCashEquivalents | 0 | |
Other cash and cash equivalents | ifrs-full_OtherCashAndCashEquivalents | 14,982,000,000 | |
Other cash and cash equivalents | ifrs-full_OtherCashAndCashEquivalents | 14,288,000,000 | [1] |
Other cash and cash equivalents | ifrs-full_OtherCashAndCashEquivalents | 16,950,000,000 | |
Restricted cash and cash equivalents | ifrs-full_RestrictedCashAndCashEquivalents | 0 | |
Restricted cash and cash equivalents | ifrs-full_RestrictedCashAndCashEquivalents | 0 | [1] |
Restricted cash and cash equivalents | ifrs-full_RestrictedCashAndCashEquivalents | 0 | |
Cash on hand | ifrs-full_CashOnHand | 8,583,000,000 | |
Cash on hand | ifrs-full_CashOnHand | 10,370,000,000 | [1] |
Cash on hand | ifrs-full_CashOnHand | 8,764,000,000 | |
Treasury shares [member] | |||
Equity | ifrs-full_Equity | (22,000,000) | [2] |
Equity | ifrs-full_Equity | (59,000,000) | |
Profit For Period Attributable To Parent [Member] | |||
Equity | ifrs-full_Equity | 6,619,000,000 | [2] |
Equity | ifrs-full_Equity | 7,810,000,000 | |
Accumulated Other Comprehensive Income Attributable To Owners Of Parent [Member] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | san_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 1,425,000,000 | |
Equity | ifrs-full_Equity | (20,351,000,000) | [2] |
Equity | ifrs-full_Equity | (22,141,000,000) | |
Share premium [member] | |||
Equity | ifrs-full_Equity | 51,053,000,000 | [2] |
Equity | ifrs-full_Equity | 50,993,000,000 | |
Accumulated Other Comprehensive Income Non Controlling Interests [Member] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | san_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | 253,000,000 | |
Equity | ifrs-full_Equity | (1,183,000,000) | [2] |
Equity | ifrs-full_Equity | (1,292,000,000) | |
Revaluation surplus [member] | |||
Equity | ifrs-full_Equity | 0 | [2] |
Equity | ifrs-full_Equity | 0 | |
Non Controlling Interests Excluding Accumulated Other Comprehensive Income [Member] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | san_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | (1,545,000,000) | |
Equity | ifrs-full_Equity | 12,235,000,000 | [2] |
Equity | ifrs-full_Equity | 12,181,000,000 | |
Other equity interest [member] | |||
Equity | ifrs-full_Equity | 216,000,000 | [2] |
Equity | ifrs-full_Equity | 234,000,000 | |
Other reserves [member] | |||
Equity | ifrs-full_Equity | (3,075,000,000) | [2] |
Equity | ifrs-full_Equity | (3,958,000,000) | |
Issued capital [member] | |||
Equity | ifrs-full_Equity | 8,068,000,000 | [2] |
Equity | ifrs-full_Equity | 8,118,000,000 | |
Other Instruments Not Capital [Member] | |||
Equity | ifrs-full_Equity | 525,000,000 | [2] |
Equity | ifrs-full_Equity | 565,000,000 | |
Retained Earnings Excluding Current Period Profit [Member] | |||
Equity | ifrs-full_Equity | 53,437,000,000 | [2] |
Equity | ifrs-full_Equity | 56,756,000,000 | |
Dividends And Remuneration [Member] | |||
Equity | ifrs-full_Equity | (2,029,000,000) | [2] |
Equity | ifrs-full_Equity | (2,237,000,000) | |
Investment property [member] | |||
Tangible assets | san_Tangibleassets | 1,563,000,000 | |
Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 16,444,000,000 | |
Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | 14,843,000,000 | |
Right-of-use assets [member] | |||
Tangible assets | san_Tangibleassets | 6,693,000,000 | |
Right-of-use assets [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Right-of-use assets [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Right-of-use assets [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | 6,693,000,000 | |
Accumulated depreciation and amortisation [member] | |||
Tangible assets | san_Tangibleassets | (19,127,000,000) | |
Accumulated depreciation and amortisation [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | (199,000,000) | |
Accumulated depreciation and amortisation [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | (8,404,000,000) | |
Accumulated depreciation and amortisation [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | (10,524,000,000) | |
Accumulated depreciation and amortisation [member] | Right-of-use assets [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated depreciation and amortisation [member] | Right-of-use assets [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated depreciation and amortisation [member] | Right-of-use assets [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated depreciation and amortisation [member] | Right-of-use assets [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated impairment [member] | |||
Tangible assets | san_Tangibleassets | (916,000,000) | |
Accumulated impairment [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | (616,000,000) | |
Accumulated impairment [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | (239,000,000) | |
Accumulated impairment [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | (61,000,000) | |
Accumulated impairment [member] | Right-of-use assets [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated impairment [member] | Right-of-use assets [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated impairment [member] | Right-of-use assets [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Accumulated impairment [member] | Right-of-use assets [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Gross carrying amount [member] | |||
Tangible assets | san_Tangibleassets | 52,893,000,000 | |
Gross carrying amount [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | 2,378,000,000 | |
Gross carrying amount [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 25,087,000,000 | |
Gross carrying amount [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | 25,428,000,000 | |
Gross carrying amount [member] | Right-of-use assets [member] | |||
Tangible assets | san_Tangibleassets | 6,693,000,000 | |
Gross carrying amount [member] | Right-of-use assets [member] | Investment property [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Gross carrying amount [member] | Right-of-use assets [member] | Property, plant and equipment under operating leases [member] | |||
Tangible assets | san_Tangibleassets | 0 | |
Gross carrying amount [member] | Right-of-use assets [member] | Property Plant And Equipment Purchased For Own Use [Member] | |||
Tangible assets | san_Tangibleassets | € 6,693,000,000 | |
[1] | See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). | ||
[2] | *See reconciliation of IAS 39 as of 31 December 2017 to IFRS 9 as of 1 January 2018 (Note 1.d). |