Cover
Cover | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Current Fiscal Year End Date | --12-31 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 001-12518 |
Entity Registrant Name | BANCO SANTANDER, S.A. |
Entity Incorporation, State or Country Code | U3 |
Entity Address, Address Line One | Ciudad Grupo Santander |
Entity Address, Postal Zip Code | 28660 |
Entity Address, City or Town | Boadilla del Monte (Madrid) |
Entity Address, Country | ES |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 16,794,401,584 |
Entity Central Index Key | 0000891478 |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
American Depositary Shares, each representing the right to receive one Share of Capital Stock of Banco Santander, S.A., par value euro 0.50 each | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares, each representing the right to receive one Share of Capital Stock of Banco Santander, S.A., par value euro 0.50 each |
Trading Symbol | SAN |
Security Exchange Name | NYSE |
Shares of Capital Stock of Banco Santander, S.A., par value euro 0.50 each | |
Document Information [Line Items] | |
Title of 12(b) Security | Shares of Capital Stock of Banco Santander, S.A., par value euro 0.50 each |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
Non-cumulative Preferred Stock Series 6 | |
Document Information [Line Items] | |
Title of 12(b) Security | Non-cumulative Preferred Stock Series 6 |
Trading Symbol | SAN PRB |
Security Exchange Name | NYSE |
Senior Non Preferred Floating Rate Notes due 2023 | |
Document Information [Line Items] | |
Title of 12(b) Security | Senior Non Preferred Floating Rate Notes due 2023 |
Trading Symbol | SAN 23A |
Security Exchange Name | NYSE |
4.250% Second Ranking Senior Debt Securities due 2027 | |
Document Information [Line Items] | |
Title of 12(b) Security | 4.250% Second Ranking Senior Debt Securities due 2027 |
Trading Symbol | SAN27 |
Security Exchange Name | NYSE |
3.125% Senior Non Preferred Fixed Rate Notes due 2023 | |
Document Information [Line Items] | |
Title of 12(b) Security | 3.125% Senior Non Preferred Fixed Rate Notes due 2023 |
Trading Symbol | SAN23 |
Security Exchange Name | NYSE |
3.800% Senior Non Preferred Fixed Rate Notes due 2028 | |
Document Information [Line Items] | |
Title of 12(b) Security | 3.800% Senior Non Preferred Fixed Rate Notes due 2028 |
Trading Symbol | SAN28 |
Security Exchange Name | NYSE |
Series 76 2.706% Senior Preferred Fixed Rate Notes due 2024 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 76 2.706% Senior Preferred Fixed Rate Notes due 2024 |
Trading Symbol | SAN24 |
Security Exchange Name | NYSE |
Series 77 3.306% Senior Non Preferred Fixed Rate Notes due 2023 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 77 3.306% Senior Non Preferred Fixed Rate Notes due 2023 |
Trading Symbol | SAN29 |
Security Exchange Name | NYSE |
Series 37 3.848% Senior Non Preferred Fixed Rate Notes due 2023 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 37 3.848% Senior Non Preferred Fixed Rate Notes due 2023 |
Trading Symbol | SAN23B |
Security Exchange Name | NYSE |
Series 38 4.379% Senior Non Preferred Fixed Rate Notes due 2028 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 38 4.379% Senior Non Preferred Fixed Rate Notes due 2028 |
Trading Symbol | SAN28A |
Security Exchange Name | NYSE |
Series 36 Senior Non Preferred Floating Rate Notes due 2023 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 36 Senior Non Preferred Floating Rate Notes due 2023 |
Trading Symbol | SAN23C |
Security Exchange Name | NYSE |
Series 26 Subordinated Debt Securities | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 26 Subordinated Debt Securities |
Trading Symbol | SAN /25 |
Security Exchange Name | NYSE |
Series 92 2.746% Senior Non Preferred Fixed Rate Notes due 2025 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 92 2.746% Senior Non Preferred Fixed Rate Notes due 2025 |
Trading Symbol | SAN25 |
Security Exchange Name | NYSE |
Series 93 3.490% Senior Non Preferred Fixed Rate Notes due 2030 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 93 3.490% Senior Non Preferred Fixed Rate Notes due 2030 |
Trading Symbol | SAN30 |
Security Exchange Name | NYSE |
Series 100 2.749% Tier 2 Subordinated Fixed Rate Notes due 2030 | |
Document Information [Line Items] | |
Title of 12(b) Security | Series 100 2.749% Tier 2 Subordinated Fixed Rate Notes due 2030 |
Trading Symbol | SAN30A |
Security Exchange Name | NYSE |
4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities | |
Document Information [Line Items] | |
Title of 12(b) Security | 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities |
Trading Symbol | SANP1 |
Security Exchange Name | NYSE |
4.125% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities | |
Document Information [Line Items] | |
Title of 12(b) Security | 4.125% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities |
Trading Symbol | SANP2 |
Security Exchange Name | NYSE |
0.701% Senior Preferred Fixed-to-Fixed Rate Notes due 2024 | |
Document Information [Line Items] | |
Title of 12(b) Security | 0.701% Senior Preferred Fixed-to-Fixed Rate Notes due 2024 |
Trading Symbol | SAN24A |
Security Exchange Name | NYSE |
1.849% Senior Non Preferred Fixed Rate Notes due 2026 | |
Document Information [Line Items] | |
Title of 12(b) Security | 1.849% Senior Non Preferred Fixed Rate Notes due 2026 |
Trading Symbol | SAN26 |
Security Exchange Name | NYSE |
2.958% Senior Non Preferred Fixed Rate Noted due 2031 | |
Document Information [Line Items] | |
Title of 12(b) Security | 2.958% Senior Non Preferred Fixed Rate Noted due 2031 |
Trading Symbol | SAN31 |
Security Exchange Name | NYSE |
1.722% Senior Non Preferred Callable Fixed-to-Fixed Rate Notes due 2027 | |
Document Information [Line Items] | |
Title of 12(b) Security | 1.722% Senior Non Preferred Callable Fixed-to-Fixed Rate Notes due 2027 |
Trading Symbol | SAN27A |
Security Exchange Name | NYSE |
3.225% Tier 2 Subordinated Callable Fixed-to-Fixed Rate Notes due 2032 | |
Document Information [Line Items] | |
Title of 12(b) Security | 3.225% Tier 2 Subordinated Callable Fixed-to-Fixed Rate Notes due 2032 |
Trading Symbol | SAN32 |
Security Exchange Name | NYSE |
3.496% Senior Preferred Fixed Rate Notes due 2025 | |
Document Information [Line Items] | |
Title of 12(b) Security | 3.496% Senior Preferred Fixed Rate Notes due 2025 |
Trading Symbol | SAN25A |
Security Exchange Name | NYSE |
4.175% Senior Non Preferred Fixed-to-Floating Rate Notes due 2028 | |
Document Information [Line Items] | |
Title of 12(b) Security | 4.175% Senior Non Preferred Fixed-to-Floating Rate Notes due 2028 |
Trading Symbol | SAN28B |
Security Exchange Name | NYSE |
3.892% Senior Preferred Fixed Rate Notes due 2024 | |
Document Information [Line Items] | |
Title of 12(b) Security | 3.892% Senior Preferred Fixed Rate Notes due 2024 |
Trading Symbol | SAN24B |
Security Exchange Name | NYSE |
Senior Preferred Floating Rate Notes due 2024 | |
Document Information [Line Items] | |
Title of 12(b) Security | Senior Preferred Floating Rate Notes due 2024 |
Trading Symbol | SAN24C |
Security Exchange Name | NYSE |
5.147% Senior Non Preferred Fixed Rate Notes due 2025 | |
Document Information [Line Items] | |
Title of 12(b) Security | 5.147% Senior Non Preferred Fixed Rate Notes due 2025 |
Trading Symbol | SAN25B |
Security Exchange Name | NYSE |
5.294% Senior Non Preferred Fixed Rate Notes due 2027 | |
Document Information [Line Items] | |
Title of 12(b) Security | 5.294% Senior Non Preferred Fixed Rate Notes due 2027 |
Trading Symbol | SAN27B |
Security Exchange Name | NYSE |
Business Contact | |
Document Information [Line Items] | |
Entity Address, Address Line One | Ciudad Grupo Santander |
Entity Address, Postal Zip Code | 28660 |
Entity Address, City or Town | Boadilla del Monte Madrid |
Entity Address, Country | ES |
Contact Personnel Name | José G. Cantera |
City Area Code | 91 |
Local Phone Number | 289 32 80 |
Contact Personnel Fax Number | +34 91 257 12 82 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | PricewaterhouseCoopers Auditores, S.L. |
Auditor Location | Madrid, Spain |
Auditor Firm ID | 1306 |
Consolidated Balance Sheets
Consolidated Balance Sheets - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
ASSETS | |||
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND | € 223,073 | € 210,689 | € 153,839 |
FINANCIAL ASSETS HELD FOR TRADING | 156,118 | 116,953 | 114,945 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 5,713 | 5,536 | 4,486 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 8,989 | 15,957 | 48,717 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 85,239 | 108,038 | 120,953 |
FINANCIAL ASSETS AT AMORTIZED COST | 1,147,044 | 1,037,898 | 958,378 |
HEDGING DERIVATIVES | 8,069 | 4,761 | 8,325 |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | (3,749) | 410 | 1,980 |
INVESTMENTS | 7,615 | 7,525 | 7,622 |
Joint venture entities | 1,981 | 1,692 | 1,492 |
Associated entities | 5,634 | 5,833 | 6,130 |
ASSETS UNDER INSURANCE OR REINSURANCE CONTRACTS | 308 | 283 | 261 |
TANGIBLE ASSETS | 34,073 | 33,321 | 32,735 |
Property, plant and equipment | 33,044 | 32,342 | 31,772 |
Investment properties | 1,029 | 979 | 963 |
INTANGIBLE ASSETS | 18,645 | 16,584 | 15,908 |
Goodwill | 13,741 | 12,713 | 12,471 |
Other intangible assets | 4,904 | 3,871 | 3,437 |
TAX ASSETS | 29,987 | 25,196 | 24,586 |
Current tax assets | 9,200 | 5,756 | 5,340 |
Deferred tax assets | 20,787 | 19,440 | 19,246 |
OTHER ASSETS | 10,082 | 8,595 | 11,070 |
Insurance contracts linked to pensions | 104 | 149 | 174 |
Inventories | 11 | 6 | 5 |
Other | 9,967 | 8,440 | 10,891 |
NON-CURRENT ASSETS HELD FOR SALE | 3,453 | 4,089 | 4,445 |
TOTAL ASSETS | 1,734,659 | 1,595,835 | 1,508,250 |
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 115,185 | 79,469 | 81,167 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 55,947 | 32,733 | 48,038 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 1,423,858 | 1,349,169 | 1,248,188 |
HEDGING DERIVATIVES | 9,228 | 5,463 | 6,869 |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | (117) | 248 | 286 |
LIABILITIES UNDER INSURANCE OR REINSURANCE CONTRACTS | 747 | 770 | 910 |
PROVISIONS | 8,149 | 9,583 | 10,852 |
TAX LIABILITIES | 9,468 | 8,649 | 8,282 |
Current tax liabilities | 3,040 | 2,187 | 2,349 |
Deferred tax liabilities | 6,428 | 6,462 | 5,933 |
OTHER LIABILITIES | 14,609 | 12,698 | 12,336 |
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE | 0 | 0 | 0 |
TOTAL LIABILITIES | 1,637,074 | 1,498,782 | 1,416,928 |
EQUITY | |||
SHAREHOLDERS´ EQUITY | 124,732 | 119,649 | 114,620 |
CAPITAL | 8,397 | 8,670 | 8,670 |
Called up paid capital | 8,397 | 8,670 | 8,670 |
Unpaid capital which has been called up | 0 | 0 | 0 |
SHARE PREMIUM | 46,273 | 47,979 | 52,013 |
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL | 688 | 658 | 627 |
Equity component of the compound financial instrument | 0 | 0 | 0 |
Other equity instruments issued | 688 | 658 | 627 |
OTHER EQUITY | 175 | 152 | 163 |
ACCUMULATED RETAINED EARNINGS | 66,702 | 60,273 | 65,583 |
REVALUATION RESERVES | 0 | 0 | 0 |
OTHER RESERVES | (5,454) | (4,477) | (3,596) |
Reserves or accumulated losses in joint venture investments | 1,553 | 1,572 | 1,504 |
Others | (7,007) | (6,049) | (5,100) |
(-) OWN SHARES | (675) | (894) | (69) |
PROFIT OR LOSS ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT | 9,605 | 8,124 | (8,771) |
(-) INTERIM DIVIDENDS | (979) | (836) | 0 |
OTHER COMPREHENSIVE INCOME OR LOSS | (35,628) | (32,719) | (33,144) |
Items that will not be reclassified to profit or loss | (4,635) | (4,241) | (5,328) |
Items that may be reclassified to profit or loss | (30,993) | (28,478) | (27,816) |
NON-CONTROLLING INTEREST | 8,481 | 10,123 | 9,846 |
Other comprehensive income or loss | (1,856) | (2,104) | (1,800) |
Other items | 10,337 | 12,227 | 11,646 |
TOTAL EQUITY | 97,585 | 97,053 | 91,322 |
TOTAL LIABILITIES AND EQUITY | 1,734,659 | 1,595,835 | 1,508,250 |
Loan commitments granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 274,075 | 262,737 | 241,230 |
Financial guarantees granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 12,856 | 10,758 | 12,377 |
Other commitments granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 92,672 | 75,733 | 64,538 |
Pensions and other post-retirement obligations | |||
LIABILITIES | |||
PROVISIONS | 2,392 | 3,185 | 3,976 |
Other long term employee benefits | |||
LIABILITIES | |||
PROVISIONS | 950 | 1,242 | 1,751 |
Taxes and other legal contingencies | |||
LIABILITIES | |||
PROVISIONS | 2,074 | 1,996 | 2,200 |
Contingent liabilities and commitments | |||
LIABILITIES | |||
PROVISIONS | 734 | 733 | 700 |
Other provisions | |||
LIABILITIES | |||
PROVISIONS | 1,999 | 2,427 | 2,225 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
LIABILITIES | |||
Memorandum items: subordinated liabilities | 0 | 0 | 0 |
FINANCIAL LIABILITIES AT AMORTIZED COST | |||
LIABILITIES | |||
Memorandum items: subordinated liabilities | 25,926 | 26,196 | 21,880 |
Derivatives | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 64,891 | 53,566 | 64,469 |
Short positions | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 22,515 | 12,236 | 16,698 |
Deposits | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 27,779 | 13,667 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 50,520 | 27,279 | 43,598 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 1,111,887 | 1,078,587 | 990,391 |
Central banks | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 5,757 | 1,038 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,740 | 607 | 2,490 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 76,952 | 139,757 | 112,804 |
Credit institutions | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 9,796 | 6,488 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,958 | 1,064 | 6,765 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 68,582 | 52,235 | 62,620 |
Customers | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 12,226 | 6,141 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 46,822 | 25,608 | 34,343 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 966,353 | 886,595 | 814,967 |
Marketable debt securities | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 5,427 | 5,454 | 4,440 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 274,912 | 240,709 | 230,829 |
Other financial liabilities | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 0 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 37,059 | 29,873 | 26,968 |
For own-use | |||
ASSETS | |||
Property, plant and equipment | 13,489 | 13,259 | 13,213 |
Leased out under an operating lease | |||
ASSETS | |||
Property, plant and equipment | 19,555 | 19,083 | 18,559 |
Investment properties | 804 | 839 | 793 |
Derivatives | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 67,002 | 54,292 | 67,137 |
Equity instruments | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 10,066 | 15,077 | 9,615 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,711 | 4,042 | 3,234 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 1,941 | 2,453 | 2,783 |
Debt securities | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 41,403 | 26,750 | 37,894 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,134 | 957 | 700 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 2,542 | 2,516 | 2,979 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 75,083 | 97,922 | 108,903 |
FINANCIAL ASSETS AT AMORTIZED COST | 73,554 | 35,708 | 26,078 |
Loans and advances | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 37,647 | 20,834 | 299 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 868 | 537 | 552 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 6,447 | 13,441 | 45,738 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 8,215 | 7,663 | 9,267 |
FINANCIAL ASSETS AT AMORTIZED COST | 1,073,490 | 1,002,190 | 932,300 |
Central banks | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 11,595 | 3,608 | 0 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 0 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 9,481 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | 0 |
FINANCIAL ASSETS AT AMORTIZED COST | 15,375 | 15,657 | 12,499 |
Credit institutions | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 16,502 | 10,397 | 3 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 0 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 673 | 3,152 | 12,136 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | 0 |
FINANCIAL ASSETS AT AMORTIZED COST | 46,518 | 39,169 | 37,838 |
Customers | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 9,550 | 6,829 | 296 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 868 | 537 | 552 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 5,774 | 10,289 | 24,121 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 8,215 | 7,663 | 9,267 |
FINANCIAL ASSETS AT AMORTIZED COST | € 1,011,597 | € 947,364 | € 881,963 |
Consolidated Income Statements
Consolidated Income Statements - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IFRS Statement [Line Items] | |||
Interest income | € 71,430 | € 46,463 | € 45,741 |
Interest expense | (32,811) | (13,093) | (13,747) |
Interest income/(charges) | 38,619 | 33,370 | 31,994 |
Dividend income | 488 | 513 | 391 |
Income from companies accounted for using the equity method | 702 | 432 | (96) |
Commission income | 15,867 | 13,812 | 13,024 |
Commission expense | (4,077) | (3,310) | (3,009) |
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | 149 | 628 | 1,107 |
Gain or losses on financial assets and liabilities held for trading, net | 842 | 1,141 | 3,211 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 162 | 132 | 82 |
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | 968 | 270 | (171) |
Gain or losses from hedge accounting, net | 74 | (46) | 51 |
Exchange differences, net | (542) | (562) | (2,093) |
Other operating income | 1,510 | 2,255 | 1,920 |
Other operating expenses | (2,803) | (2,442) | (2,342) |
Income from assets under insurance and reinsurance contracts | 2,698 | 1,516 | 1,452 |
Expenses from liabilities under insurance and reinsurance contracts | (2,540) | (1,305) | (1,242) |
Total income | 52,117 | 46,404 | 44,279 |
Administrative expenses | (20,918) | (18,659) | (18,320) |
Staff costs | (12,547) | (11,216) | (10,783) |
Other general administrative expenses | (8,371) | (7,443) | (7,537) |
Depreciation and amortisation cost | (2,985) | (2,756) | (2,810) |
Provisions or reversal of provisions, net | (1,881) | (2,814) | (2,378) |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (10,863) | (7,407) | (12,382) |
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates, net | 0 | 0 | 0 |
Impairment or reversal of impairment on non-financial assets, net | (239) | (231) | (10,416) |
Tangible assets | (140) | (150) | (174) |
Intangible assets | (75) | (71) | (10,242) |
Others | (24) | (10) | 0 |
Gain or losses on non-financial assets and investments, net | 12 | 53 | 114 |
Negative goodwill recognized in results | 0 | 0 | 8 |
Gains or losses on non-current assets held for sale not classified as discontinued operations | 7 | (43) | (171) |
Operating profit/(loss) before tax | 15,250 | 14,547 | (2,076) |
Tax expense or income from continuing operations | (4,486) | (4,894) | (5,632) |
Profit/(loss) from continuing operations | 10,764 | 9,653 | (7,708) |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 10,764 | 9,653 | (7,708) |
Profit/(loss) attributable to non-controlling interests | 1,159 | 1,529 | 1,063 |
Profit/(loss) attributable to the parent | € 9,605 | € 8,124 | € (8,771) |
Earnings/(losses) per share | |||
Basic (in euro per share) | € 0.539 | € 0.438 | € (0.538) |
Diluted (in euro per share) | € 0.537 | € 0.436 | € (0.538) |
Other financial assets and liabilities | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | € 115 | € 539 | € 1,138 |
Financial assets at fair value through other comprehensive income | |||
IFRS Statement [Line Items] | |||
Interest income | 5,479 | 2,582 | 2,840 |
Dividend income | 87 | 112 | 88 |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (7) | (19) | (19) |
Financial assets at amortized cost | |||
IFRS Statement [Line Items] | |||
Interest income | 59,214 | 40,471 | 40,365 |
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | 34 | 89 | (31) |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (10,856) | (7,388) | (12,363) |
Other interest income | |||
IFRS Statement [Line Items] | |||
Interest income | 6,737 | 3,410 | 2,536 |
Reclassification of financial assets at fair value through other comprehensive income | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 0 | 0 | 0 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Reclassification of financial assets at amortized cost | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 0 | 0 | 0 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Other gains (losses) | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 842 | 1,141 | 3,211 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | € 162 | € 132 | € 82 |
Consolidated Statements of Reco
Consolidated Statements of Recognised Income and Expense - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of comprehensive income [abstract] | |||
CONSOLIDATED PROFIT/(LOSS) FOR THE YEAR | € 10,764 | € 9,653 | € (7,708) |
OTHER RECOGNISED INCOME AND EXPENSE | (2,660) | (220) | (9,794) |
Items that will not be reclassified to profit or loss | (399) | 754 | (1,018) |
Actuarial gains and losses on defined benefit pension plans | (56) | 1,567 | (25) |
Non-current assets held for sale | 0 | 0 | 0 |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | 17 | (1) | (4) |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (497) | (171) | (917) |
Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 18 | 117 | 4 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (18) | (117) | (4) |
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | 88 | (99) | 31 |
Income tax relating to items that will not be reclassified | 49 | (542) | (103) |
Items that may be reclassified to profit or loss | (2,261) | (974) | (8,776) |
Hedges of net investments in foreign operations (effective portion) | (2,467) | (1,159) | 2,340 |
Revaluation gains (losses) | (2,467) | (1,159) | 2,340 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Exchanges differences | 3,658 | 3,082 | (11,040) |
Revaluation gains (losses) | 3,658 | 3,082 | (11,040) |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Cash flow hedges (effective portion) | (3,016) | (938) | (53) |
Revaluation gains (losses) | (1,762) | (1,739) | 799 |
Amounts transferred to income statement | (1,254) | 801 | (852) |
Transferred to initial carrying amount of hedged items | 0 | 0 | 0 |
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 | (2,086) | (3,250) | (100) |
Revaluation gains (losses) | (2,591) | (3,063) | 692 |
Amounts transferred to income statement | (99) | (545) | (1,165) |
Other reclassifications | 604 | 358 | 373 |
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 | 85 | 19 | (151) |
Income tax relating to items that may be reclassified to profit or loss | 1,565 | 1,272 | 228 |
Total recognised income and expenses for the year | 8,104 | 9,433 | (17,502) |
Attributable to non-controlling interests | 1,410 | 1,255 | 245 |
Attributable to the parent | € 6,694 | € 8,178 | € (17,747) |
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 interest, other elements |
Equity at beginning of period (Previously stated) at Dec. 31, 2019 | € 110,659 | € 8,309 | € 52,446 | € 598 | € 146 | € 61,028 | € 0 | € (3,110) | € (31) | € 6,515 | € (1,662) | € (24,168) | € (982) | € 11,570 |
Equity at beginning of period (Adjustments due to changes in accounting policies) at Dec. 31, 2019 | 0 | |||||||||||||
Equity at beginning of period (Adjustments due to errors) at Dec. 31, 2019 | 0 | |||||||||||||
Equity at beginning of period at Dec. 31, 2019 | 110,659 | 8,309 | 52,446 | 598 | 146 | 61,028 | 0 | (3,110) | (31) | 6,515 | (1,662) | (24,168) | (982) | 11,570 |
Total recognised income and expense | (17,502) | (8,771) | (8,976) | (818) | 1,063 | |||||||||
Other changes in equity | (1,835) | 361 | (433) | 29 | 17 | 4,555 | (486) | (38) | (6,515) | 1,662 | (987) | |||
Issuance of ordinary shares | 364 | 361 | (72) | 70 | 5 | |||||||||
Issuance of preferred shares | 0 | |||||||||||||
Issuance of other financial instruments | 0 | |||||||||||||
Maturity of other financial instruments | 0 | |||||||||||||
Conversion of financial liabilities into equity | 0 | |||||||||||||
Capital reduction | 0 | |||||||||||||
Dividends recognised as distributions to owners | (826) | (361) | ||||||||||||
Dividends recognised as distributions to non-controlling interests | (465) | |||||||||||||
Purchase of equity instruments | (758) | (758) | ||||||||||||
Disposal of equity instruments | 721 | 1 | 720 | |||||||||||
Transfer from equity to liabilities | 0 | |||||||||||||
Transfer from liabilities to equity | 0 | |||||||||||||
Transfers between equity items | 0 | 4,555 | 298 | (6,515) | 1,662 | |||||||||
Increases (decreases) due to business combinations | (54) | (54) | ||||||||||||
Share-based payment | (53) | (53) | ||||||||||||
Others increases or (-) decreases in equity | (1,229) | 29 | 70 | (855) | (473) | |||||||||
Equity at end of period (Previously stated) at Dec. 31, 2020 | 91,322 | 8,670 | 52,013 | 627 | 163 | 65,583 | 0 | (3,596) | (69) | (8,771) | 0 | (33,144) | (1,800) | 11,646 |
Equity at end of period (Adjustments due to changes in accounting policies) at Dec. 31, 2020 | 0 | |||||||||||||
Equity at end of period (Adjustments due to errors) at Dec. 31, 2020 | 0 | |||||||||||||
Equity at end of period at Dec. 31, 2020 | 91,322 | 8,670 | 52,013 | 627 | 163 | 65,583 | 0 | (3,596) | (69) | (8,771) | 0 | (33,144) | (1,800) | 11,646 |
Total recognised income and expense | 9,433 | 8,124 | 54 | (274) | 1,529 | |||||||||
Other changes in equity | (3,702) | (4,034) | 31 | (11) | (5,310) | (881) | (825) | 8,771 | (836) | 371 | (30) | (948) | ||
Issuance of ordinary shares | 17 | 17 | ||||||||||||
Issuance of preferred shares | 0 | |||||||||||||
Issuance of other financial instruments | 0 | |||||||||||||
Maturity of other financial instruments | 0 | |||||||||||||
Conversion of financial liabilities into equity | 0 | |||||||||||||
Capital reduction | 0 | |||||||||||||
Dividends recognised as distributions to owners | (1,961) | (477) | (836) | |||||||||||
Dividends recognised as distributions to non-controlling interests | (648) | |||||||||||||
Purchase of equity instruments | (1,645) | (1,645) | ||||||||||||
Disposal of equity instruments | 843 | 23 | 820 | |||||||||||
Transfer from equity to liabilities | 0 | |||||||||||||
Transfer from liabilities to equity | 0 | |||||||||||||
Transfers between equity items | 0 | (3,557) | (5,310) | (275) | 8,771 | 371 | (30) | 30 | ||||||
Increases (decreases) due to business combinations | (5) | (5) | ||||||||||||
Share-based payment | (62) | (62) | ||||||||||||
Others increases or (-) decreases in equity | (889) | 31 | 51 | (629) | (342) | |||||||||
Equity at end of period (Previously stated) at Dec. 31, 2021 | 97,053 | 8,670 | 47,979 | 658 | 152 | 60,273 | 0 | (4,477) | (894) | 8,124 | (836) | (32,719) | (2,104) | 12,227 |
Equity at end of period (Adjustments due to changes in accounting policies) at Dec. 31, 2021 | 0 | |||||||||||||
Equity at end of period (Adjustments due to errors) at Dec. 31, 2021 | 0 | |||||||||||||
Equity at end of period at Dec. 31, 2021 | 97,053 | 8,670 | 47,979 | 658 | 152 | 60,273 | 0 | (4,477) | (894) | 8,124 | (836) | (32,719) | (2,104) | 12,227 |
Total recognised income and expense | 8,104 | 9,605 | (2,911) | 251 | 1,159 | |||||||||
Other changes in equity | (7,572) | (273) | (1,706) | 30 | 23 | 6,429 | (977) | 219 | (8,124) | (143) | 2 | (3) | (3,049) | |
Issuance of ordinary shares | 9 | 9 | ||||||||||||
Issuance of preferred shares | 0 | |||||||||||||
Issuance of other financial instruments | 0 | |||||||||||||
Maturity of other financial instruments | (756) | (756) | ||||||||||||
Conversion of financial liabilities into equity | 0 | |||||||||||||
Capital reduction | 0 | (273) | (1,706) | 273 | 1,706 | |||||||||
Dividends recognised as distributions to owners | (2,348) | (869) | (979) | |||||||||||
Dividends recognised as distributions to non-controlling interests | (500) | |||||||||||||
Purchase of equity instruments | (2,050) | (2,050) | ||||||||||||
Disposal of equity instruments | 570 | 7 | 563 | |||||||||||
Transfer from equity to liabilities | 0 | |||||||||||||
Transfer from liabilities to equity | 0 | |||||||||||||
Transfers between equity items | 0 | 7,298 | (12) | (8,124) | 836 | 2 | (3) | 3 | ||||||
Increases (decreases) due to business combinations | 31 | 31 | ||||||||||||
Share-based payment | (49) | (49) | ||||||||||||
Others increases or (-) decreases in equity | (2,979) | 30 | 72 | (1,245) | (1,836) | |||||||||
Equity at end of period at Dec. 31, 2022 | € 97,585 | € 8,397 | € 46,273 | € 688 | € 175 | € 66,702 | € 0 | € (5,454) | € (675) | € 9,605 | € (979) | € (35,628) | € (1,856) | € 10,337 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of cash flows [abstract] | |||
CASH FLOWS FROM OPERATING ACTIVITIES | € 27,706 | € 56,691 | € 66,153 |
Profit or loss for the year | 10,764 | 9,653 | (7,708) |
Adjustments made to obtain the cash flows from operating activities | 23,970 | 21,363 | 37,836 |
Depreciation and amortisation cost | 2,985 | 2,756 | 2,810 |
Other adjustments | 20,985 | 18,607 | 35,026 |
Net increase/(decrease) in operating assets | 108,774 | 27,258 | 51,385 |
Financial assets held-for-trading | 30,837 | 2,064 | 12,390 |
Non-trading financial assets mandatorily at fair value through profit or loss | 218 | 969 | (275) |
Financial assets at fair value through profit or loss | (7,083) | (32,746) | (10,314) |
Financial assets at fair value through other comprehensive income | (22,358) | (9,152) | 6,549 |
Financial assets at amortized cost | 105,618 | 73,181 | 43,541 |
Other operating assets | 1,542 | (7,058) | (506) |
Net increase/(decrease) in operating liabilities | 107,244 | 56,945 | 90,356 |
Financial liabilities held-for-trading | 29,533 | (1,386) | 7,880 |
Financial liabilities designated at fair value through profit or loss | 25,595 | (14,316) | (10,907) |
Financial liabilities at amortized cost | 55,595 | 79,114 | 96,561 |
Other operating liabilities | (3,479) | (6,467) | (3,178) |
Income tax recovered/(paid) | (5,498) | (4,012) | (2,946) |
CASH FLOWS FROM INVESTING ACTIVITIES | (3,898) | (3,715) | (7,220) |
Payments | 11,776 | 11,669 | 11,976 |
Tangible assets | 9,066 | 10,015 | 7,386 |
Intangible assets | 1,774 | 1,388 | 1,134 |
Investments | 152 | 126 | 525 |
Subsidiaries and other business units | 784 | 140 | 2,931 |
Non-current assets held for sale and associated liabilities | 0 | 0 | 0 |
Other payments related to investing activities | 0 | 0 | 0 |
Proceeds | 7,878 | 7,954 | 4,756 |
Tangible assets | 5,558 | 6,382 | 2,014 |
Intangible assets | 0 | 0 | 0 |
Investments | 533 | 672 | 182 |
Subsidiaries and other business units | 734 | 6 | 1,775 |
Non-current assets held for sale and associated liabilities | 1,053 | 894 | 785 |
Other proceeds related to investing activities | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | (9,964) | (1,322) | (1,909) |
Payments | 10,665 | 7,741 | 6,978 |
Dividends | 1,848 | 1,313 | 0 |
Subordinated liabilities | 2,291 | 2,684 | 3,780 |
Redemption of own equity instruments | 0 | 0 | 0 |
Acquisition of own equity instruments | 2,050 | 1,645 | 758 |
Other payments related to financing activities | 4,476 | 2,099 | 2,440 |
Proceeds | 701 | 6,419 | 5,069 |
Subordinated liabilities | 119 | 5,340 | 4,095 |
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 573 | 854 | 721 |
Other proceeds related to financing activities | 9 | 225 | 253 |
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | (1,460) | 5,196 | (4,252) |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 12,384 | 56,850 | 52,772 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 210,689 | 153,839 | 101,067 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 223,073 | 210,689 | 153,839 |
COMPONENTS OF CASH AND CASH EQUIVALENTS AT END OF THE YEAR | |||
Cash | 8,929 | 8,142 | 7,817 |
Cash equivalents at central banks | 200,830 | 193,102 | 137,047 |
Other financial assets | 13,314 | 9,445 | 8,975 |
Less, bank overdrafts refundable on demand | 0 | 0 | 0 |
TOTAL CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 223,073 | 210,689 | 153,839 |
Restricted cash | € 0 | € 0 | € 0 |
Introduction, basis of presenta
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information | 12 Months Ended |
Dec. 31, 2022 | |
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 parent' or 'Banco Santander'), is a private-law entity subject to the rules and regulations applicable to banks operating in Spain, where it was constituted and currently maintains its legal domicile, which is paseo de Pereda, numbers 9 to 12, 39004, Santander, Spain. The principal headquarters of Banco Santander are located in Ciudad Grupo Santander, Avenida Cantabria s/n, 28660, Boadilla del Monte, Madrid, Spain. The corporate purpose of Banco Santander, S.A., mainly entails carrying out all kinds of activities, operations and services inherent to the banking business in general and permitted by current legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities. In addition to the operations carried on directly by it, Banco Santander is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Grupo Santander ('Santander' or 'the Group'). Therefore, Banco Santander 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 2022, Grupo Santander consisted of 743 subsidiaries of Banco Santander, S.A. In addition, other 170 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). Grupo Santander consolidated financial statements for 2020 were approved by the shareholders at the group´s annual general meeting on 26 March 2021. Grupo Santander consolidated financial statements for 2021 were approved by the shareholders at the group´s annual general meeting on 1 April 2022. The Group's 2022 consolidated financial statements, the financial statements of the parent and of substantially all the Group companies have not been approved yet by their shareholders at the respective annual general meetings. However, Banco Santander board of directors considers that the aforementioned financial statements will be approved without any significant changes. b) Basis of presentation of the consolidated financial statements Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 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 ('IFRS') previously adopted by the European Union ('EU-IFRS'). In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats. During 2021 and 2020, the Bank of Spain published Circulars 6/2021 of 22 December, 2/2020 and 3/2020 of 11 June, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats. Grupo Santander consolidated financial statements for 2022 were authorised by the Bank's directors (at the board meeting on 27 February 2023) 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 2022, 2021 and 2020 and the consolidated results of its operations and the consolidated cash flows in 2022, 2021 and 2020. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. 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. The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit. Adoption of new standards and interpretations issued The following modifications came into force and were adopted by the European Union in 2022: • Amendment to IFRS 3 Business Combinations: to update the references to the Conceptual Framework for Financial Reporting and add an exception for the recognition of liabilities and contingent liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 21 Levies. The amendments also confirm that an acquirer should not recognize contingent assets acquired in a business combination. Applicable from 1 January 2022. • Amendment to IAS 16 Property, Plant and Equipment: prevents an entity from deducting from the cost of an item of property, plant and equipment any revenue from the sale of finished goods while the entity is preparing the item for its intended use. It is also clear that an entity is "testing whether the asset is functioning properly" when evaluating the technical and physical performance of the asset. The financial performance of the asset should not be taken into account for this evaluation. Additionally, entities should disclose separately the amounts of income and expenses related to finished goods that are not the product of the entity's ordinary activities. Applicable from 1 January 2022. • Amendment to IAS 37 Provisions, Contingent Liabilities and Contingent Assets: clarifies that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts. Before recognising a separate provision for an onerous contract, the entity recognises any impairment loss that has occurred on assets used in fulfilling the contract. Applicable from 1 January 2022. • Amendment to IFRS Cycle (2018-2020): introduces minor amendments, applicable from 1 January 2022, to the following standards: – IFRS 9 Financial Instruments: clarifies which rates must be included in the 10% test for derecognition of financial liabilities. – IFRS 16 Leases: amendment to remove possible confusion regarding the treatment of leasing incentives in the application of IFRS 16 Leases. – IFRS 1, in relation to the first-time adoption of International Financial Reporting Standards, allows entities that have measured their assets and liabilities at the carrying amounts recorded in their parent's books to also measure any cumulative translation differences using the amounts reported by the parent. This amendment also applies to associates and joint ventures that have adopted the same exemption from IFRS 1. The application of the aforementioned amendments to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements. Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2022: • IFRS 17 Insurance Contracts and amendments to IFRS 17: new general accounting standard for insurance contracts, which includes the recognition, measurement, presentation and disclosure of information. Insurance contracts combine financial and service provision features that, in many cases, generate variable long- term cash flows. To properly reflect these characteristics, IFRS 17 combines the measurement of future cash flows with the recording of the contract result during the period in which the service is provided, presents separately the financial results from the results for the provision of the service and allows entities, through the choice of an accounting policy option, to recognize the financial results in the income statement or in other comprehensive income. In accordance with current regulations, it will be applicable retrospectively from 1 January, 2023. The Group has carried out a project to implement IFRS 17 with all the Group entities affected and has prepared an accounting policy that establishes the accounting criteria for insurance contracts. Grupo Santander has concluded the analysis of the effects of this new standard without having identified any material impact on its consolidated financial statements due to its application, except for a balance sheet reclassification, recorded at 1 January 2023, amounting to EUR 16,025 million, from the heading 'Financial liabilities at amortized cost' to 'Liabilities under insurance or reinsurance contracts', related to the different treatment that this new standard establishes for the components of an insurance contract. • The amendments to IAS 1 Presentation of Financial Statements require companies to disclose material information about their accounting policies rather than their significant accounting policies. It will be applicable from 1 January 2023. • The amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how to distinguish changes in accounting policies, which are generally applied retrospectively, from changes in accounting estimates, which are generally applied prospectively. It will be applicable from 1 January 2023. • The amendments to IAS 12 Income Taxes require companies to recognise deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: – Right-of-use assets and lease liabilities. – Decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in retained earnings, or another component of equity, as appropriate. It will be applicable from 1 January 2023. Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2022 had not yet been adopted by the European Union: • 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 closing date of the reporting period. Likewise, during 2022, an additional amendment to IAS 1 on the classification of liabilities with covenants as current or non-current has been included, specifying that covenants that must be complied with after the reporting date do not affect the classification of liabilities and require additionally their respective breakdowns. It must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. It will apply from 1 January 2024. • Amendment to IFRS 16 Lease Liability in a Sale and Leaseback requires a seller-lessee to subsequently measure lease liabilities arising from a leaseback without recognising any amount of the gain or loss that relates to the right of use retained. This new requirement does not prevent a seller-lessee from recognising in profit or loss any gain or loss relating to the partial or full termination of a lease. It will be applied retrospectively from 1 January 2024. Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application. All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2022 were applied in the preparation of these consolidated annual accounts. 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 Banco Santander 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 Grupo Santander 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, 18 and 53). • 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). • The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see note 17). To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario resulting from the Ukrainian war, as well as the growing level of inflation and the difficulties in the supply chains, which is having a certain impact on the economic evolution and is being closely monitored, and which generates uncertainty in the Group's estimates. For this reason, the Management of the Group has carried out an evaluation of the current situation in accordance with the best information available to date, developing in the notes the main estimates made and the potential impacts of the Ukrainian war and the macroeconomic situation on them during the period ended December 31, 2022 (see notes 17 and 53). Although these estimates have been made on the basis of the best information available at the end of the year 2022, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement. The segment information corresponding to the year ended 31 December 2021 and 2020 were restated for comparative purposes in accordance with the Group's new organizational structure, as required by IFRS 8 (see note 51). Additionally, the information in notes 46 and 47.c for December 2021 and 2020 corresponding to the staff and branches, respectively, has been restated in accordance with the Group's standardization criteria (see notes 46 and 47.c). In order to interpret the changes in the balances with respect to 31 December 2022, it is necessary to take into consideration the exchange rate effect arising from the volume of foreign currency balances held by Grupo Santander in view of its geographic diversity (see note 51.b) and the impact of the appreciation/depreciation of the various currencies against the euro in 2022, based on the exchange rates at the end of 2022: Mexican peso (11.28%), US dollar (6.07%) , Brazilian real (11.85%) , Argentine peso (-38.50%), Sterling pound (-5.26%), Chilean peso (6.08%), and Polish zloty (-1.86%); as well as the evolution of the comparable average rates: Mexican peso (13.48%), US dollar (12.45%), Brazilian real (17.55%), Sterling pound (0.82%), Chilean peso (-2.13%) and Polish zloty (-2.54%). e) Capital management i. Regulatory and economic capital Credit institutions must meet a number of minimum capital and liquidity requirements. These minimum requirements are governed by the European Capital Requirements Regulation (hereinafter CRR) and the Capital Requirements Directive (hereinafter CRD). In June 2019, these regulations were significantly amended. As the Directives need to be transposed into the legal systems of the different Member States in order to be applicable, in the case of Spain, Royal Legislative Decree 7/2021 and Royal Decree 970/2021 were published for this purpose in 2021. In 2022, the transposition of the CRD into Spanish law has been completed with the publication of Bank of Spain Circular 3/2022, which amends Circular 2/2016, on supervision and solvency; Circular 2/2014, on the exercise of various regulatory options of the CRR and Circular 5/2012, addressed to credit institutions and payment service providers, on transparency of banking services and responsibility in the granting of loans. The CRD introduced important modifications such as Pillar 2G regulation ('P2 Guidance' supervisory recommendation on Pillar 2 requirements). On 27 October 2021, the European Commission published the draft review of the European banking legislation: CRR and CRD. This review completes the implementation of the Basel III reform, which was agreed at the end of 2017 and aims to reduce the variability of risk-weighted assets and improve comparability between banks. Progress was made in 2022 on discussions about the new texts and the final proposal is expected to be approved in 2023. The banking package consists of the following elements: 1) Implementation of the final Basel III reforms, 2) Contribution to sustainability and green transition and 3) Stronger supervision: ensuring sound management of EU banks and better protection of financial stability. The first element is reflected in the Commission's proposal to amend the text of the CRR. This proposal contains changes concerning, among other things, key risk factors, standardised credit risk, internal models, the output floor and operational risk. The second element, relating to the contribution to sustainability and green transition, is reflected in the fact that the legislative proposals continue to incorporate ESG (environmental, social and governance) factors into the various areas of prudential regulation: governance, supervision, risk management, reporting obligations to competent authorities and disclosure requirements, among other topics. In this regard, it is important to note the Commission's mandate to the European Banking Authority (EBA) to assess whether specific prudential treatment is required for environmental and social risks. In line with this mandate, in 2022, the EBA issued the first consultation on the role of environmental risks within the prudential framework. Based on the feedback received in said consultation, and depending on the final wording of the CRR/CRD, the EBA shall publish a report on the matter. Finally, the third element, which refers to stronger supervision and protection of financial stability, is expressed in a series of provisions concerning: fit-and-proper requirements, the extension of the scope by revising certain definitions that would cover groups managed by fintechs, and the establishment of third-country branches in the EU in order to achieve greater harmonisation of rules and better supervision of this type of entity. The European Council's proposal on CRR and CRD was published on 8 November 2022. During 2023, it is expected that the Parliament makes its position text public, which will be followed by the beginning of the trialogues process that will eventually result in the final versions of the regulations. The new CRR/CRD regulations are expected to enter into force from 1 January 2025. With regard to the resolution framework, institutions must have an adequate funding structure to ensure that, in the event of financial distress, the institution has sufficient liabilities to absorb losses in order to recover its position or be resolved, while ensuring the protection of depositors and financial stability. The entities must therefore meet several minimum loss-absorbing requirements, named Total Loss-Absorbing Capacity (TLAC) and Minimum Requirement for own funds and Eligible Liabilities (MREL), which are regulated by the CRR and by the Bank Recovery and Resolution Directive (BRRD). In June 2019, the CRR introduced the minimum TLAC requirement, which only applies to global systemically important banks (G-SIBs). This requirement involves two metrics, the first is a minimum requirement for own funds and eligible liabilities in terms of a percentage of the total risk exposure amount (TREA), set at 18% from 1 January 2022 once the transition period ended. The second is a metric to set a minimum requirement for own funds and eligible liabilities in terms of a percentage of the average exposure to the Basel III Tier I leverage ratio of 6.75% from 1 January 2022 once the transition period ended. For large banks (defined as banks with total assets of more than EUR 100 billion) or banks deemed to be systemically important by the resolution authority, the BRRD sets a minimum subordination requirement that will be higher between a 13.5% of risk-weighted assets and 5% of the leverage ratio. For the remaining institutions, the subordination requirement is set by the resolution authority on a case-by-case basis. On 25 October 2022, the regulation on prudential treatment for global systemically important banks was published. This modifies both the CRR and the BRRD as regards prudential treatment of global systemically important banks (G-SIBs) with a multiple point of entry (MPE) resolution strategy, as well as methodologies for the indirect subscription of instruments (Daisy Chains) eligible for meeting the minimum requirement for own funds and eligible liabilities. This Regulation, known as the 'Quick Fix', covers the following objectives: • Inclusion in the BRRD and CRR of references to third countries that allow adjustment of the deduction applied for the TLAC holding instruments issued by subsidiaries in third countries based on excess TLAC/MREL at the said subsidiaries, as well as the adjustment where the sum of the requirements for own funds and eligible liabilities of G-SIBs under an MPE strategy exceed the theoretical requirements for the same group under a single point of entry (SPE) strategy. In other words, the latter adjustment is based on a comparison between the two possible resolution strategies. For subsidiaries in jurisdictions without a resolution regime in place, the Regulation provides for a transitional period until 31 December 2024. During this transitional period the entities may adjust the deductions based on excess above capital requirements in subsidiaries in third countries, if they meet certain requirements. • Inclusion of a deduction scheme for MREL instrument holdings through entities of the same resolution group other than the resolution entity. This Regulation sets a deduction for the intermediate entity (Daisy Chains) that buy instruments issued by another entity as a result of this the deduction. The intermediate entity is obligated to issue the same amount that is repurchasing to the Resolution Entity, transferring internal MREL needs to the Resolution Entity, which will finally cover the required amount with external MREL. This Regulation is applicable since 14 November 2022, except for the provisions relating to Daisy Chains, which apply since 1 January 2024. Finally, Deposit Guarantee Schemes (DGSs) are regulated by the Deposit Guarantee Schemes Directive (DSGD), which has not undergone any significant changes since its publication in 2014. It aims to harmonise the deposit guarantee schemes of the Member States, thus ensuring stability and balance in different countries. It creates an appropriate framework for depositors to have better access to DGSs than was the case before the publication of this Directive through clear coverage, shorter repayment periods, better information and robust funding requirements. This Directive is transposed into Spanish law by Royal Decree 2606/1996, with its amendments set forth in Royal Decree 1041/2021. To ensure that depositors' funds are secured, the DGSs collect funds available through contributions that must be made by their members at least once a year; a target level of 0.8% of the guaranteed deposits total must be met by 3 July 2024. These annual collections are set depending on the guaranteed deposits total and the degree of risk faced by the entities involved in the DGS. The method for calculating contributions is stated in the EBA Guidelines (EBA/GL/2015/10). A review and evaluation process was opened for these Guidelines by the EBA in 2022 (EBA/CP/2022/10). Additionally, recent market developments have caused substantial increases in energy prices, which have consequently generated increases in the margins required by central counterparty entities (CCPs) to cover exposures. In response to this issue, Delegated Regulation (EU) 2022/2311 was published in November this year, amending Delegated Regulation (EU) 153/2013, which sets forth regulatory technical standards on the requirements that CCPs must meet. The new Regulation broadens the catalogue of guarantees that CCPs can accept as eligible collateral until November 2023. At 31 December 2022 Grupo Santander met the minimum capital requirements established by current legislation (see note 53.d). ii. Plan for the roll-out of advanced approaches and authorisation from the supervisory authorities Grupo Santander remains committed to adopting the Basel II advanced internal ratings-based (AIRB) approach for its banks, increasing the amount of exposure managed using internal models. This approach will be applied progressively over the coming years. The commitment to the supervisory authority means adapting the advanced approaches in the Group's core markets. This objective of covering IRB models in the group should be seen in the context of the current supervisory focus on the robustness and adequacy of existing models, as well as the simplification strategy recently agreed with ECB. Grupo Santander has supervisory approval to use advanced approaches for calculating regulatory capital for credit risk for the parent and its main subsidiaries in Spain, the United Kingdom and Portugal, and for some portfolios in Germany, Mexico, Brazil, Chile, Nordic countries (Sweden, Finland and Norway), France and the United States. f) Environmental impact In view of the business activities carried on by the Group entities, the Group does not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its consolidated equity, financial position or results (see note 53.a.). g) Events after the reporting perio d On 28 December 2022 the Law establishing a new temporary levy on credit institutions and financial credit institutions was published in Spain (see note 27 for additional information). On 1 January 2023 an estimated amount of EUR 225 million has been accounted for in accordance with IFRIC 21 due to this new levy. In accordance with the agreement reached by the April 2022 general shareholders’ meeting, on 1 February 2023 the board of directors approved a capital reduction, subject to corresponding regulatory authorization from the ECB, of EUR 170,203,286 through the redemption of 340,406,572 shares, representing 2.03% of the capital, acquired in the first share buyback program. |
Accounting policies
Accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Accounting Policies [Abstract] | |
Accounting policies | 2. Accounting p olicies The accounting policies applied in preparing the consolidated financial statements were as follows: a) Foreign currency transactions i. Presentation currency Banco Santander’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). • 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, net' 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 When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that: – Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet. – The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'. – The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'. – All components of the financial statements of the subsidiary are translated at the closing exchange rate. The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on. At that moment, according with Group’s accounting policies, 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 were recorded in the consolidated statement of changes in total 'Equity-Other reserves'. However, on the basis of the meeting held on 3 March 2020 by the International Financial Reporting Standards Committee (IFRIC), in 2020 Grupo Santander changed its accounting policy with regard to the presentation of exchange differences and the effects of hyperinflation in the operations generated in Argentina. This change in accounting policy and its consequent restatement between different equity items has no impact on the total equity of Grupo Santander. 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 inflation indexes applied are the wholesale internal price index (WPI) until 30 November 2016 and the National Consumer Price Index published by the National Institute of Statistics and Censuses (Indec) from 1 December 2016 on. Inflation during 2022 wa s 94.8% for the year (50.9% at 31 December 2021). The exchange rate at 31 December 2021 has been of 189.12 Argentine peso s pe r euro (116.30 Argentine pesos per euro at 31 December 2021). At 31 December 2022, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati onary economy in accordance with the criteria establ ished in this regard by the International Financial Reporting Standards adopted by the European Union. v. Exposure to foreign currency risk Grupo Santander 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 Grupo Santander 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 Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar (146.0) (133.3) (123.6) (4.4) (8.6) (4.1) Chilean peso (14.8) (11.4) (20.4) (2.0) (2.4) (4.4) Pound sterling (94.7) (105.9) (107.9) (1.5) (2.3) (1.2) Mexican peso (27.7) (23.1) (21.7) (2.0) (0.9) (2.0) Brazilian real (100.1) (80.8) (75.0) (5.9) (15.4) (12.6) Polish zloty (19.8) (27.5) (26.7) (1.3) (1.1) (2.2) Argentine peso (17.1) (10.7) (7.9) (2.1) (2.5) (1.8) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar 148.9 136.0 126.1 4.5 8.8 4.2 Chilean peso 15.1 11.6 20.8 2.1 2.4 4.5 Pound sterling 96.7 108.0 110.1 1.5 2.3 1.2 Mexican peso 28.2 23.6 22.1 2.0 0.9 2.0 Brazilian real 102.1 82.4 76.5 6.0 15.7 12.8 Polish zloty 20.2 28.0 27.2 1.4 1.1 2.2 Argentine peso 17.4 11.0 8.0 2.2 2.6 1.8 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 2022, 2021 and 2020. 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 Grupo Santander 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 2022, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50%. 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 Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander 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 Grupo Santander 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. At 31 December 2022, 2021 and 2020 this was the situation of the investment in Project Quasar Investments 2017, S.L., despite maintaining a 49% interest in its share capital (see appendix II). The remaining 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 Grupo Santander 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, when 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 Grupo Santander; 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 Grupo Santander 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, which are consolidated in the case of the Special Purpose Vehicles (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, additional to investments in the equity of investment funds (note 8), 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 Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows: • Grupo Santander 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 (CPPS), 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. Grupo Santander 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 5%. • 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. Grupo Santander 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, 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) at initial recognition. 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 balances 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. – Customers: includes the remaining credit, including money market transactions through central counterparties. • Debt securities: 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 fi |
Grupo Santander
Grupo Santander | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about business combination [abstract] | |
Grupo Santander | Grupo Santander a) Banco Santander, S.A., and international Group structure The growth of Grupo Santander in the last decades has led Banco Santander 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 Banco Santander, 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 in the last three years or pending to be completed: i. Tender offer for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México On 21 October 2022, Banco Santander, S.A. ('Banco Santander') announced that it intends to make concurrent cash tender offers to acquire all of the shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander Mexico') in Mexico (Series B shares) and United States (American Depositary Shares ('ADSs')) which are not owned by Grupo Santander, which amount to approximately 3.76% of Santander Mexico’s share capital. The offers were launched on 7 February 2023 and will be settled on 13 March, 2023. The shareholders who tender their shares in the offer will receive 24.52 Mexican pesos (approximately 1.20 euro) in cash per Santander Mexico share (and the US dollar equivalent of 122.6 Mexican pesos in cash per ADS based on the US dollar/Mexican peso exchange rate on the expiration date of 8 March, 2023), which corresponds to the book value of each Santander Mexico Share in accordance with Santander Mexico’s quarterly report for the fourth quarter of 2022 according to applicable law. Following the tender offers, Banco Santander intends to (a) cancel the registration of the Series B Shares in the National Securities Registry of the Mexican National Banking and Securities Commission ('CNBV') and delist such Series B Shares from the Mexican Stock Exchange ('BMV'), and (b) remove the ADSs from listing on the New York Stock Exchange and the Series B Shares from registration with the US Securities and Exchange Commission ('SEC') in the United States. Such cancellation has been approved by Santander Mexico's share capital at an extraordinary general shareholders' meeting held on 30 November 2022, with the favourable vote of the holders of the shares representing more than 95% of Santander Mexico’s shares, as required by applicable law. Consummation of the offers is subject to certain conditions, including the absence of any material adverse change in the financial condition, results of operations or prospects of Santander Mexico. ii. Agreement to acquire a significant holding in Ebury Partners Limited On 28 April 2020, the investment announced on 4 November 2019 in Ebury, a payments and foreign exchange platform for SMEs, was completed. The transaction involved a total disbursement of GBP 357 million (EUR 409 million) of which GBP 70 million (approximately EUR 80 million) was for new shares. By the end of 2019, the Group had already acquired 6.4% of the company for GBP 40 million (approximately EUR 45 million). Following the disbursement made in April 2020, which gave the Group 50.38% of the economic rights of the company, without the conditions to obtain control being met, this interest was recorded under 'Investments - Associated entities' in the consolidated balance sheet. In April 2022 Grupo Santander acquired a new package of shares for GBP 113 million (EUR 135 million) and subscribed in full to a new capital increase, paying an additional GBP 60 million (EUR 72 million). Following these transactions, the Group holds 66.54% of the economic rights and control of the company. The total value of the net assets identified in the business combination amounted to EUR 413 million, mainly intangible assets (IT developments, customer lists and brand) and resulted in the recognition of goodwill of EUR 316 million. No gain or loss was recorded for the difference between the book value and the fair value of the previous holding as this difference was not significant. The amount contributed by this business to the Group's net attributable profit since the date of acquisition is immaterial. Similarly, the result that this business would have contributed to the Group if the transaction had been carried out on 1 January 2022 would also have been immaterial. iii. Purchase by SHUSA for shares of Santander Consumer USA In August 2021 Santander Holdings USA, Inc. ('SHUSA') and Santander Consumer USA Holdings Inc. ('SC') entered into a definitive agreement pursuant to which SHUSA acquired all outstanding shares of common stock of SC not already owned by SHUSA via an all-cash tender offer (the 'Tender Offer') for USD 41.50 per SC common share (the 'Offer Price'), followed by a second-step consisting of a merge (together with the Offer, the 'Transaction') in which a wholly owned subsidiary of SHUSA was merged with and into SC, with SC surviving as a wholly owned subsidiary of SHUSA, and all outstanding shares of common stock of SC not tendered in the Tender Offer were converted into the right to receive the Offer Price in cash. The Offer Price represented a 14% premium to the closing price of SC common stock of USD 36.43 as of 1 July 2021, the last day prior to the announcement of SHUSA’s initial offer to acquire the remaining outstanding shares of SC’s common stock. On 31 January 2022, after completion of the customary closing conditions, the Transaction was performed and SHUSA increased its share up to the 100% of SC's common stock. The transaction has meant a disbursement of USD 2,510 million (around EUR 2,239 million) for the Group, with a decrease of reserves of EUR 487 million and a decrease of EUR 1,752 million of minority interests. iv. Acquisition of Amherst Pierpont Securities LLC, a US fixed-income broker dealer On 15 July 2021, Santander Holdings USA, Inc. reached an agreement to acquire Amherst Pierpont Securities LLC, a market-leading independent fixed-income and structured products broker dealer, through the acquisition of its parent holding company, Pierpont Capital Holdings LLC, for a total consideration of approximately USD 450 million (around EUR 405 million). The operation was closed on 11 April 2022 once the pertinent regulatory approvals have been obtained. Immediately after the acquisition, SHUSA has lent financing to the company for an amount of USD 163 million (approximately EUR 147 million), which the company will use to cancel debt with third parties. Amherst Pierpont Securities LLC will become part of Santander Corporate & Investment Banking (Santander CIB) Global business line. The business combination meant the recognition of a goodwill of EUR 158 million and EUR 24 million of intangible assets (mainly relationships with customers) identified in the purchase price allocation, without other relevant value adjustments to net assets of the business. The amount contributed by this business to the group net attributable profit since the date of acquisition is not material. Similarly, the result that this business would have brought to the group if the transaction had been carried out on January 1, 2022 is also immaterial. v. Tender offer for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México On 26 March 2021, Banco Santander, S.A. announced its intention to make a tender offer for all shares of Banco Santander Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander México') that were not owned by Grupo Santander (8.3% of the share capital of Santander México at that time). The announcement was subsequently supplemented by other publications on 24 May, 8 June and 28 October 2021, in which amendments to some of the terms of the offer were announced. The offer was finally launched on 3 November 2021 and was settled on 10 December. Banco Santander accepted all of the Santander Mexico Shares and Santander Mexico American Depositary Share (ADS) (securities listed on the New York Stock Exchange, each representing 5 shares of Santander Mexico) tendered and not withdrawn representing approximately 4.5% of the share capital of Santander México. After the transaction, Grupo Santander holds approximately 96.2% of Santander México share capital. The shareholders who tendered their shares in the offer received MXN 26.5 (approximately EUR 1) per share of Santander México and USD 6.2486 in cash per each ADS (the USD equivalent of MXN 132.50 per ADS based on the USD/MXN exchange rate on the expiration date of 7 December 2021) which meant a disbursement of approximately EUR 335 million. This transaction entailed a decrease of reserves of EUR 41 million and a decrease of EUR 294 million of minority interests. vi. 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 (IIC), and pension plans through the Banco Popular network (the 'Agreement'). Under this Agreement, the Group held a 40% stake in the capital of Popular Spain Holding de Inversiones, S.L.U., classified as investments in joint ventures and associated entities for an overall amount of EUR 409 million on 31 December 2019. 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) and the acquisition of the remaining 60% of the capital of Popular Spain Holding de Inversiones, S.L.U. On 10 July, 51% of the life-risk insurance business held by Banco Santander and the 51% of the new General Insurance business from Banco Popular's network not transferred to Mapfre (in accordance with the agreement indicated below) was acquired by Aegon, valuing these businesses at a total of approximately EUR 557 million. The total amount of the life-savings business, collective investment institutions and pension plans is EUR 711 million and has resulted in the recognition of EUR 271 million of goodwill. In addition, under the agreement reached between Banco Santander and Mapfre on 21 January 2019, 50.01% of the car, commercial multi-risk, SME multi-risk and corporate liability insurance business in the whole network of Banco Santander in Spain was acquired by Mapfre on 25 June 2019 amounting to EUR 82 million. c) Offshore entities Spanish regulation According to current Spanish regulation (Law 11/2021, of 9 July, Royal Decree 1080/1991, of 5 July and Order HFP/115/2023, of 9 February), Santander has one subsidiary and three branches in the non-cooperative jurisdictions of Jersey, the Isle of Man and the Cayman Islands (offshore entities). Santander also has two other subsidiaries incorporated in non-cooperative jurisdictions that are tax resident in the UK and subject to British tax law. i. Offshore subsidiaries At the reporting date, Grupo Santander has only one subsidiary resident in Jersey, Abbey National International Limited, with activity of services. In 2022, this subsidiary has contributed to Santander’s consolidated profit with immaterial losses and has no employees. ii. Offshore branches Grupo Santander also has three offshore branches in the Cayman Islands, the Isle of Man and Jersey. They report to, and consolidate balance sheets and income statements with, their foreign headquarters. They are taxed either with their headquarters (the Cayman Islands branch in Brazil) or in the territories they are located in (Jersey and Isle of Man, pertain to the UK). These three offshore branches have a total of 155 employees as of December 2022. iii. Subsidiaries in non-cooperative jurisdictions that are tax resident in the United Kingdom Grupo Santander also has two subsidiaries that were incorporated in offshore jurisdictions (one in Bermuda without activity and one in Guernsey with leasing activity) but are not deemed offshore entities because they only operate from and are tax resident in the UK and, thus, are subject to British tax law. Additionally, a subsidiary incorporated in Guernsey but tax resident in the UK was liquidated in 2022. iv. Other offshore holdings From Brazil, Grupo Santander manages Santander Brazil Global Investment Fund SPC, a segregated portfolio company located in the Cayman Islands. Grupo Santander also has other non-controlling financial interest of a reduced amount in entities located in non-cooperative jurisdictions. The European Union (EU) As of February 2023, the EU blacklist comprises 16 jurisdictions where Santander is only present in The Bahamas. In this jurisdiction, Santander has two banks without third-party activity, Santander Bank & Trust Ltd. and Santander Investment Bank Limited, and one branch of the Swiss bank Banco Santander International SA. These three entities have a total of 27 employees as of December 2022. Additionally, the EU grey list comprises 18 jurisdictions which have sufficiently committed to adapt their legislation to international standards, subject to monitoring by the EU. Within these jurisdictions, Santander is mainly present in Hong Kong through a branch. Organization for Economic Cooperation and Development (OECD) Grupo Santander is not present in any jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (Automatic exchange of information standard -AEOI- and Exchange of information on request standard -EOIR-) according to the last annual report of the OECD Global forum on transparency and exchange of information for tax purposes released in November 2022. However, the Group is present in The Bahamas and Chile. Although these territories have complete legal and regulatory frameworks in place for the application of the AEOI standard, they need to improve the effectiveness of this standard. The Group's presence in offshore territories at the end of 2022 is as follows: Presence of the Group in non-cooperative jurisdictions Spanish legislation Council of the EU blacklist OECD a Sub. Branch Sub. Branch Sub. Branch Jersey 1 1 Isle of Man 1 Guernsey b Bermuda b Cayman Islands 1 The Bahamas 2 1 2022 1 3 2 1 — — 2021 c 1 3 3 1 — — a Jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (AEOI and EOIR). Jersey, the Isle of Man and the Cayman Islands continue to fully comply with both OECD standards. b Additionally, there is one subsidiary constituted in Guernsey and one in Bermuda, but residents for tax purposes in the UK. c In 2021 The Bahamas was not included in the EU blacklist. One subsidiary in The Bahamas was merged in 2022. Grupo Santander has the right mechanisms (risk management, supervision, verification and review plans, and regular reporting) to prevent reputational, tax and legal risk in entities resident in non-cooperative jurisdictions. Grupo Santander also maintains its policy of reducing the number of these entities. PwC (PricewaterhouseCoopers) member firms audited the financial statements of Grupo Santander’s offshore entities in 2022, 2021 and 2020. |
Distribution of Banco Santander
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share | 12 Months Ended |
Dec. 31, 2022 | |
Shareholder Remuneration System And Earnings Per Share [Abstract] | |
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share | Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share a) Distribution of Banco Santander's profit and shareholder remuneration scheme The distribution of the Bank's current annual results that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: EUR million To dividends 1,942 Dividend paid at 31 December 2022 A 979 Complementary dividend B 963 To voluntary reserves C 5,979 Net profit for the year 7,921 A. Total amount paid as interim dividend, at the rate of EUR 5.83 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends'). B. Fixed dividend of EUR 5.95 gross cents per eligible share, payable in cash as from 2 May 2023. The total amount has been estimated on the assumption that, after the implementation of the second buyback program charged to the results of 2022, the number of the Bank's outstanding shares eligible for the dividend will be 16,190,866,119. Therefore, the total dividend may be higher if fewer shares are acquired in the buyback program than expected, and it will be lower in the opposite case. C. Estimated amount corresponding to a final dividend of EUR 963,356,534. To be increased or reduced by the same amount by which the final dividend is lower or higher, respectively, than that amount. The transcribed proposal comprises the part of the 2022 shareholder remuneration policy that is implemented through cash dividends (the interim dividend paid in November 2022 of EUR 5.83 cents per share with dividend entitlement, approved by the board of directors on 27 September 2022, and the complementary dividend expected to be paid as of 2 May 2023, of EUR 5.95 cents per share with the dividend entitlement, proposed by the board of directors on 27 February 2023, and therefore subject to approval by the General Meeting of Shareholders. In addition, the 2022 remuneration policy also includes expected shareholder remuneration through the implementation of share buyback programs, which are not reflected in the above-transcribed proposal for the appropriation of earnings. The first of these programs charged to the results of 2022, amounting to approximately EUR 979 million, was completed between November 2022 and January 2023. A second share buyback program charged to 2022 results amounting to approximately EUR 921 million is planned to be deployed. A capital reduction resolution has been also submitted to the General Meeting of Shareholders to redeem the shares acquired in the buyback program, subject to the relevant regulatory authorization. Finally, and although it is not part of the remuneration charged to the 2022 financial year, it should be noted that pursuant to the resolution of the Bank's General Meeting of Shareholders held on 1 April 2022, on 2 May 2022 the Bank paid a complementary cash dividend of EUR 5.15 cents per share charged to the results of the 2021 financial year for an amount of EUR 869 million (see Statement of Changes in total Equity). Finally, also charged to the results of 2021, the Bank implemented a repurchase program for an approximate amount of EUR 865 million, which ended on 18 May 2022. The provisional accounting statement, prepared by the Bank pursuant to legal requirements, evidencing the existence of sufficient liquidity for the payment of the interim dividend on the date and for the amount mentioned above, is as follows: EUR million 31 August 2022 Profit before taxes 3,829 Tax expense (69) Dividends paid in cash — Distributable maximum amount 3,760 Available liquidity 130,519 b) Earnings/loss per share from continuing and discontinued operations i. Basic earnings / loss per share Basic earnings/loss 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 (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note 23), if applicable, by the weighted average number of ordinary shares outstanding during that period, excluding the average number of own shares held through that period. Accordingly: 2022 2021 2020 Profit (Loss) attributable to the Parent (EUR million) 9,605 8,124 (8,771) Remuneration of PPCC and PPCA (EUR million) (note 23) (529) (566) (552) 9,076 7,558 (9,323) Of which: Profit (Loss) from discontinued operations (non controlling interest net) (EUR million) — — — Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) 9,076 7,558 (9,323) Weighted average number of shares outstanding 16,848,344,667 17,272,055,430 17,316,288,908 Adjusted number of shares 16,848,344,667 17,272,055,430 17,316,288,908 Basic earnings (Loss) per share (euros) 0.539 0.438 (0.538) Of which, from discounted operations (euros) — — — Basic earnings (Loss) per share from continuing operations (euros) 0.539 0.438 (0.538) ii. Diluted earnings / loss per share Diluted earnings/loss 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 (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note 23), 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 securities). Accordingly, diluted earnings/loss per share were determined as follows: 2022 2021 2020 Profit (Loss) attributable to the Parent (EUR million) 9,605 8,124 (8,771) Remuneration of PPCC and PPCA (EUR million) (Note 23) (529) (566) (552) Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares — — — 9,076 7,558 (9,323) Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million) — — — Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million) 9,076 7,558 (9,323) Weighted average number of shares outstanding 16,848,344,667 17,272,055,430 17,316,288,908 Dilutive effect of options/rights on shares 55,316,206 48,972,459 Not applicable Adjusted number of shares 16,903,660,873 17,321,027,889 17,316,288,908 Diluted earnings (Loss) per share (euros) 0.537 0.436 (0.538) Of which, from discounted operations (euros) — — — Diluted earnings (Loss) per share from continuing operations (euros) 0.537 0.436 (0.538) |
Remuneration and other benefits
Remuneration and other benefits paid to the Bank’s directors and senior managers | 12 Months Ended |
Dec. 31, 2022 | |
Remuneration And Other Benefits Paid To The Bank's Directors And Senior Managers [Abstract] | |
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 managersThe 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 2022 and 2021: 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 maximum remuneration established by the annual general meeting was EUR 6 million in 2022 (EUR 6 million in 2021), 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 2022 amounted to EUR 4.7 million (EUR 4.8 million in 2021). Annual allotment In accordance with the remuneration policy approved at the general shareholders' meeting on 1 April 2022, the amounts for serving and holding roles on the board and committees was the same amount as initially approved for 2021, with the exception of the yearly amount for serving on the board of directors, which was modified from EUR 90,000 to EUR 95,000. The annual amounts received individually by the directors in 2022 and 2021 based on the positions held by them on the board and their membership of the board committees were as follows: Amount per director in euros 2022 2021 Members of the board of directors 95,000 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 committee 40,000 40,000 Members of the responsible banking, sustainability and culture committee 15,000 15,000 Members of the innovation and technology committee 25,000 25,000 Chair of the audit committee 70,000 70,000 Chair of the appointments committee 50,000 50,000 Chair of the remuneration committee 50,000 50,000 Chair of the risk supervision, regulation and compliance committee 70,000 70,000 Chair of the responsible banking, sustainability and culture committee 50,000 50,000 Chair of the innovation and technology committee 70,000 70,000 Lead independent director A 110,000 110,000 Non-executive Vice Chair 30,000 30,000 A. Bruce Carnegie-Brown, in view of the positions held on the board and its committees, in particular as Chair of the appointments and remuneration committees and as lead independent director, and the time and dedication required to properly perform such positions, has been assigned a minimum total annual remuneration of EUR 700,000 since 2015, including the annual allowance for the items corresponding to him of those indicated above and attendance fees. Attendance fees The directors receive fees for attending board and committee meetings, excluding executive committee meetings, where no attendance fees are received. For 2022 the board voted to keep the same amounts set out in the 2021 policy. The fees for 2022 and 2021 are as follows: Attendance fees per director per meeting in euros 2022 2021 Board of directors 2,600 2,600 Audit committee and risk supervision, regulation and compliance committee 1,700 1,700 Other committees (excluding 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 2024 and 2025) will be conditional on none of the malus clauses being triggered. – The accrual of the third, fourth, and fifth portion (payment in 2026, 2027 and 2028), is linked to objectives related to the period 2022—2024 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, and these targets can reduce these amounts and the number of deferred instruments, or increase them up to a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets. • 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 instruments, consisting of Banco Santander, S.A. shares, Banco Santander, S.A. share options and restricted stock units (RSUs) of PagoNxt, split as: ◦ the amount of PagoNxt RSUs set for each year; and ◦ the rest, shares and share options in equal parts, unless the director chooses to receive options only. Comparative of executive remuneration (Chair and CEO) The board voted to maintain the same benchmark incentive for Ana Botín and José Antonio Álvarez in 2022 as in 2021.Variable contributions to pensions were not modified in 2022, so the amounts are the 22% of the 30% of the last three assigned bonus' average. In 2022, the good business performance (which enabled Banco Santander to reach a 13.37% underlying RoTE, above the end of 2021), the excellent execution of our strategy (with the highest attributable profit ever), and the efficient capital management, boosted the bonus pool once again and thus the variable remuneration of corporate centre employees, (including executive directors). iii. Detail by director The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2022 and 2021 is provided below: EUR thousand 2022 Bylaw-stipulated emoluments Annual emolument Board F Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Innovation and technology committee Attendance fees and commissions Ana Botín 95 170 — — — — — 74 41 José Antonio Álvarez 95 170 — — — — — 25 39 Bruce Carnegie-Brown 280 170 — 75 75 — — 25 75 Homaira Akbari 95 — 40 — — — 15 25 69 Javier Botín A 95 — — — — — — — 34 Álvaro Cardoso B 24 — — — — — 4 — 11 R.Martín Chávez C 48 — — 13 8 11 — 29 40 Sol Daurella 95 — — 25 25 — 15 — 70 Henrique de Castro 95 — 40 — 25 — — 25 76 Gina Díez Barroso 95 — — 25 — — — — 52 Luis Isasi 1 95 170 — — 25 40 — — 82 Ramiro Mato 95 170 40 — — 40 65 — 90 Sergio Rial 95 — — — — — — — 36 Belén Romana 95 170 40 — — 110 15 25 94 Pamela Walkden 95 — 110 — — 40 — — 78 Germán de la Fuente D 66 — 31 — — — — — 40 Glenn Hutchins E 3 — — 1 1 — — 1 4 Total 2022 1,561 1,020 301 139 159 241 114 229 930 Total 2021 1,536 1,020 270 126 175 268 125 245 1,036 A. All amounts received were reimbursed to Fundación Botín. B.Stepped down as director on 1 April 2022. C.Stepped down as director on 1 July 2022. D.Director since 1 April 2022. E.Director since 20 December 2022. F.Also includes emoluments for other roles in the board. 1. Includes EUR 1,000 thousand for his role as non-executive Chair of Santander España and for Santander España board and committees meetings 2022 2021 Short-term and deferred (not subject to long-term goals) salaries of executive directors Fixed Variable - immediate payment Deferred variable In cash In instruments In cash In instruments Total Pension contribution Other remuneration Total Total Ana Botín 3,176 1,688 1,689 1,013 1,013 8,579 1,081 961 11,001 11,436 José Antonio Álvarez 2,541 1,139 1,140 684 684 6,188 811 1,758 9,086 9,160 Bruce Carnegie-Brown — — — — — — — — 700 700 Homaira Akbari — — — — — — — — 244 248 Javier Botín A — — — — — — — — 129 129 Álvaro Cardoso B — — — — — — — — 39 183 R.Martín Chávez C — — — — — — — — 147 374 Sol Daurella — — — — — — — — 230 239 Henrique de Castro — — — — — — — — 261 267 Gina Díez Barroso — — — — — — — — 172 130 Luis Isasi 1 — — — — — — — 1,000 1,412 1,406 Ramiro Mato — — — — — — — — 500 499 Sergio Rial — — — — — — — — 131 879 Belén Romana — — — — — — — — 549 533 Pamela Walkden — — — — — — — — 323 303 Germán de la Fuente D — — — — — — — — 137 — Glenn Hutchins E — — — — — — — — 10 — Total 2022 5,717 2,827 2,829 1,697 1,697 14,767 1,892 3,719 25,071 — Total 2021 6,467 3,079 3,079 1,847 1,848 16,320 1,824 3,542 26,487 Footnotes in previous table. Following is the detail by executive director of the salaries linked to multi-year 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 46. EUR thousand 2022 2021 Variable subject to long-term 1 In cash In shares In share options In RSUs Total Total Ana Botín 1,064 404 404 255 2,128 2,316 José Antonio Álvarez 718 273 273 172 1,436 1,563 Total 1,782 677 677 428 3,564 3,880 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2026, 2027 and 2028, 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 2022 and the levels of achievement of similar plans in comparable entities, the fair value considered is 70% of the variable remuneration subject to long-term objectives. (see note 46). 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 2022 and 2021 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 2022 and 2021 the Bank’s directors did not receive any remuneration in respect of these representative duties. On the other hand, in their personal capacity, in 2022 Álvaro Cardoso was paid BRL 150 thousand (EUR 28 thousand) as member of the sustainability committee of Banco Santander Brasil S.A., Homaira Akbari was paid USD 169 thousand (EUR 161 thousand) as member of the board of Santander Consumer USA Holdings, Inc. and EUR 200 thousand as member of the board of PagoNxt S.L., and Henrique de Castro and R. Martín Chávez were each paid the same EUR 200 thousand as members of the board of PagoNxt S.L. Likewise, Pamela Walkden was paid GBP 125 thousand (EUR 147 thousand) as member of Santander UK plc and Santander UK Group Holdings. And Sergio Rial, as non-Executive Chair of Ebury Partners Limited received a total pay of GBP 244 thousand (EUR 286 thousand) and as Chair of board of directors of Banco Santander Brasil S.A. was paid BRL 10,981 thousand (EUR 2,000 thousand). Likewise, Luis Isasi was paid EUR 1,000 thousand as non-Executive Chair of the board of Santander España and for attending its board and committee meetings (amounts paid by Banco Santander, S.A.). Additionally, Héctor Grisi has received at the end of 2022 a payment of EUR 2,500 thousand as relocation expenses, for settling in Spain to carry out his CEO role with effect from 1 January 2023.Because the payment is based on his annual allowance capitalized over five years, in accordance with corporate practices and policies, if the CEO terminates his contract before said period, he will reimburse the proportional share of that amount. c) Post-employment and other long-term benefits In 2012, the contracts of Ana Botín and José Antonio Alvarez (and other members of the Bank's senior management) with defined benefit pension commitments were modified to transform these commitments into a defined contribution system, which covers the contingencies of retirement, disability and death. From that moment on, the Bank makes annual contributions to their pension system for their benefit. This system gives them 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. The initial balance for each of them 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 Grupo Santander or until their retirement within the Group, death, or disability. The benefit plan system 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. 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. • 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 2022 and 2021 for retirement pensions were as follows: EUR thousand 2022 2021 Ana Botín 1,081 1,041 José Antonio Álvarez 811 783 Total 1,892 1,825 Following is a detail of the balances relating to each of the executive directors under the welfare system as of 31 December 2022 and 2021: EUR thousand 2022 2021 Ana Botín 46,725 48,075 José Antonio Álvarez 18,958 18,821 Total 65,683 66,896 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 EUR thousand 2022 2021 Ana Botín 20,988 21,489 José Antonio Álvarez 17,345 18,028 Total 38,333 39,517 The insured capital has been modified in 2018 for Ana Botín and 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 2022 and 2021, the Group has disbursed a total amount of EUR 48.2 million and EUR 25.5 million, 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 2022 and 2021, 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 2022 and 2021 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2022 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2022 and 2021 once the conditions for the receipt thereof had been met (see Note 46): 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 was 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 Grupo Santander’s employ, the accrual of the deferred remuneration was 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. Similarly, Banco Santander can claw back any paid variable amounts in the scenarios and for the period dictated by the terms and conditions in the said policy. On each delivery, the beneficiaries are 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. 2021 was the last financial year in which a payment was made in application of this plan. ii) Deferred variable compensation plan linked to multiannual objectives In the annual shareholders meeting of 18 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 variable remuneration of executive directors and certain executives (including senior management) corresponding to 2022 has been approved by the board of directors and implemented through the seventh 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 for executive directors, to be paid, where appropriate, in five portions, provided that the conditions of permanence in the Group, according to the following accrual scheme: • The accrual of the first and second parts (instalments in 2024 and 2025) is conditional on none of the malus clauses being triggered. • The accrual of the third, fourth and fifth parts (instalments in 2026, 2027 and 2028) is linked to non-concurrence of malus clauses and the fulfilment of certain objectives related to the 2022‑ 2024 period. These objective and their respective weights are: – Banco Santander’s consolidated Return on tangible equity (RoTE) target in 2024 (weight of 40%). – Relative performance of Banco Santander's total shareholder return (TSR) in 2022-2024 in respect of the weighted TSR of a peer group comprising 9 credit institutions, with the appropriate TSR ratio based on the group’s TSR among its peers (weight of 40%). – Five ESG (environmental, social and governance) metrics. Each of the five Responsible banking targets have the same weighting (and total weight of ESG objective, 20%). The degree of compliance with the above objectives determines the percentage to be applied to the deferred amount in these three annuities, with a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets. 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 instruments. 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. Malus and clawback clauses are triggered by poor financial performance of Banco Santander, a division or area, or exposures from staff as a result of an executive(s)’s management of, at least, one of these factors: (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. And among the specific cases that could lead to the application of these clauses, of note the restatement of the annual financial statements that does not result from a regulatory change, but from incorrect application of accounting regulations or criteria, as appreciated by supervisors and as long as it results in a lower variable remuneration to be settled than that initially accrued or where no remuneration would have been paid in accordance with the variable remuneration system of the Entity or a specific unit. 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 1 January 2021, 31 December 2021 and 31 December 2022, as well as the gross shares that were delivered to them in 2021 and 2022, 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 of each plan had accrued. They come from the deferred conditional and linked to multi-year objectives in 2016, 2017, 2018, 2019, 2020, 2021 and 2022 were formalized. Share-based variable remuneration Maximum number of shares to be delivered at January 1,2021 Shares delivered in 2021 (immediate payment 2020 variable remuneration) Shares delivered in 2021 (deferred payment 2019 variable remuneration) Shares delivered in 2021 (deferred payment 2018 variable remuneration) Shares delivered in 2021 (deferred payment 2017 variable remuneration) Shares delivered in 2021 (deferred payment 2016 variable remuneration) Variable remuneration 2021 (Maximum number of shares to be delivered) 2016 variable remuneration Ana Botín 110,029 — — — — (55,014) — José Antonio Álvarez 74,264 — — — — (37,133) — 184,293 (92,147) 2017 variable remuneration Ana Botín 94,083 — — — (31,361) — — José Antonio Álvarez 62,919 — — — (20,973) — — 157,001 (52,334) 2018 variable remuneration Ana Botín 413,215 — — (103,304) — — — José Antonio Álvarez 276,129 — — (69,032) — — — 689,344 (172,336) 2019 variable remuneration Ana Botín 532,316 — (106,463) — — — — José Antonio Álvarez 355,749 — (71,150) — — — — 888,065 (177,613) 2020 variable remuneration Ana Botín 310,615 (124,246) — — — — — José Antonio Álvarez 168,715 (67,486) — — — — — 479,330 (191,732) 2021 variable remuneration Ana Botín — — — — — — 1,480,622 José Antonio Álvarez — — — — — — 999,259 — — — — — — 2,479,881 2022 variable remuneration 1 Ana Botín — — — — — — — José Antonio Álvarez — — — — — — — 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. Sergio Rial's has the right to a maximum of 51,483 Santander shares and 269,148 options over Santander shares for his participation in the 2019 Digital Transformation Award. Maximum number of shares to be delivered at December 31, 2021 Instruments matured but not consolidated at January 1, 2022 2 Shares delivered in 2022 (immediate payment 2021 variable remuneration) Shares delivered in 2022 (deferred payment 2020 variable remuneration) Shares delivered in 2022 (deferred payment 2019 variable remuneration) Shares delivered in 2022 (deferred payment 2018 variable remuneration) Shares delivered in 2022 (deferred payment 2017 variable remuneration) Shares delivered in 2022 (deferred payment 2016 variable remuneration) Variable remuneration 2022 (Maximum number of shares to be delivered) Maximum number of shares to be delivered at December 31, 2022 55,015 — — — — — — (55,015) — — 37,131 — — — — — — (37,131) — — 92,146 (92,146) 62,722 — — — — — (31,361) — — 31,361 41,946 — — — — — (20,973) — — 20,973 104,668 (52,334) 52,334 309,911 (206,618) — — — (34,431) — — — 68,862 207,097 (138,072) — — — (23,008) — — — 46,017 517,008 (344,689) (57,440) 114,879 425,853 — — — (106,463) — — — — 319,390 284,599 — — — (71,150) — — — — 213,449 710,452 (177,613) 532,839 186,369 — — (37,274) — — — — — 149,095 101,229 — — (20,246) — — — — — 80,983 287,598 (57,520) 230,078 1,480,622 — (592,249) — — — — — — 888,373 999,259 — (399,704) — — — — — — 599,555 2,479,881 (991,953) 1,487,928 — — — — — — — — 585,079 585,079 — — — — — — — — 394,916 394,916 979,995 979,995 2. After reviewing the results of the 3rd cycle of the deferred variable remuneration plan linked to multi-year targets (2018), the board of directors confirmed in 2022, upon recommendation from the remuneration committee, a 33.3% achievement of the long-term metrics of the plan (as the following level of achievement was met during 2018-2020 period: CET1 at 100% at 2020 year-end (the target was 11.30%); underlying EPS growth at 0% (the target was a 25% growth); and TSR metric at 0% (33% minimum target not reach), with a 33% weight each one) and the amounts of the pending deliveries for each executive director, payable in February 2022, 2023 and 2024 in connection with this plan. Therefore, regarding the maximum number of shares to be delivered at December 31 of 2021 in relation with the last three payments of the 2018 variable remuneration (309,911 and 207,097 shares in the case of Ana Botín and José Antonio Álvarez, respectively) only one third have been delivered (corresponding to the 33.3% of the achievement mentioned above), with the rest of shares definitively not collected as "matured but not consolidated".This applies to all persons under this plan. Furthermore, the maximum number of share options to be delivered regarding the 2022 variable remuner |
Loans and advances to central b
Loans and advances to central banks and credit institutions | 12 Months Ended |
Dec. 31, 2022 | |
Loans And Advances To Central Banks And Credit Institutions [Abstract] | |
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: EUR million 2022 2021 2020 CENTRAL BANKS Classification Financial assets held for trading 11,595 3,608 — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss — — 9,481 Financial assets designated at fair value — — — Financial assets at amortised cost 15,375 15,657 12,499 26,970 19,265 21,980 Type Time deposits 15,180 13,275 11,757 Reverse repurchase agreements 11,790 5,990 10,223 Impaired assets — — — Valuation adjustments for impairment — — — 26,970 19,265 21,980 CREDIT INSTITUTIONS Classification Financial assets held for trading 16,502 10,397 3 Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss 673 3,152 12,136 Financial assets designated at fair value — — — Financial assets at amortised cost 46,518 39,169 37,838 63,693 52,718 49,977 Type Time deposits 8,891 10,684 7,338 Reverse repurchase agreements 27,321 18,853 20,862 Non- loans advances 27,487 23,188 21,784 Impaired assets — 1 1 Valuation adjustments for impairment (6) (8) (8) 63,693 52,718 49,977 CURRENCY Euro 26,024 24,286 22,260 Pound sterling 4,474 3,228 4,127 US dollar 18,468 12,639 13,209 Brazilian real 34,863 24,011 26,437 Other currencies 6,834 7,819 5,924 TOTAL 90,663 71,983 71,957 The loans and advances to credit institutions classified under 'Financial assets at amortised' cost are mainly time accounts and deposits. Note 50 contains a detail of their residual maturity periods. At 31 December 2022 the gross exposure by impairment stage of the assets accounted for amounts to EUR 61,898 million, EUR 1 million and EUR 0 million (EUR 54,833, EUR 0 million and EUR 1 million in 2021 and EUR 50,344 million, EUR 0 million and EUR 1 million in 2020), and the loan loss provision by impairment stage amounts to EUR 6 million, EUR 0 million and EUR 0 million (EUR 8 million, EUR 0 million and EUR 0 million in 2021 and 2020) in stage 1, stage 2 and stage 3, respectively. |
Debt securities
Debt securities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Debt Instruments [Abstract] | |
Debt securities | Debt securities a) Detail The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Classification Financial assets held for trading 41,403 26,750 37,894 Non-trading financial assets mandatorily at fair value through profit or loss 1,134 957 700 Financial assets designated at fair value through profit or loss 2,542 2,516 2,979 Financial assets designated at fair value through other comprehensive income 75,083 97,922 108,903 Financial assets at amortised cost 73,554 35,708 26,078 193,716 163,853 176,554 Type Spanish government debt securities 26,876 20,638 30,397 Foreign government debt securities 121,018 102,976 110,570 Issued by financial institutions 10,176 12,324 10,133 Other fixed-income securities 35,468 27,850 25,337 Impaired financial assets 404 280 401 Impairment losses (226) (215) (284) 193,716 163,853 176,554 Currency Euro 63,903 45,197 58,850 Pound sterling 6,732 6,304 7,372 US dollar 37,749 34,229 29,009 Brazilian real 35,841 35,907 35,139 Other currencies 49,717 42,431 46,468 Debt securities excluding impairment adjustments 193,942 164,068 176,838 Impairment losses (226) (215) (284) 193,716 163,853 176,554 The decrease in the year of the debt securities portfolio under the heading 'Financial assets at fair value with changes in other comprehensive income' of EUR 22,839 million is mainly due to portfolio sales performed during the year. The increase in the debt securities portfolio under the heading 'Financial assets at amortized cost' of EUR 37,846 million during the year is mainly due to the origination of two new business models whose goal is to hold financial assets to collect contractual cash flows. These new business models pursue mainly two different strategies: • Optimization of excess liquidity for approximately 16,800 million through management aimed at making profitable the liquidity maintained on the balance sheet to comply with regulatory metrics through investment in HQLAs (High Quality Liquid Assets), basically, public debt instruments or bills very short-term central bank (terms not exceeding 2 years) and that offer higher returns than the alternative of keeping the cash deposited in the central bank, with the purpose of generating margin at maturity. • Management of the maturity of the balance sheet for approximately EUR 14,500 million through the reconstruction of ALCO portfolios that contribute to the generation of financial margin to offset, at least partially, the higher financial cost derived from the increase in the cost of customer deposits and medium/long-term wholesale financing in the face of rising interest rates, while at the same time constituting a hedging position of the balance sheet/long-term financial margin against potential future decreases in interest rates. This investment is also made mainly through liquid assets, sovereign debt, but at longer periods (3, 5, 7, 10 years). At 31 December 2022, 2021 and 2020 the gross exposure by impairment stage of the book assets under IFRS 9 amounted to EUR 148,384 million, EUR 133,437 million and EUR 134,792 million in stage 1; EUR 75 million, EUR 128 million and EUR 72 million in stage 2, and EUR 404 million, EUR 280 million and EUR 401 million in stage 3, respectively. b) Breakdown The breakdown, by origin of the issuer, of debt securities at 31 December 2022, 2021 and 2020, net of impairment losses, is as follows: EUR million 2022 2021 2020 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 1,015 26,876 27,891 14.40 % 3,773 20,638 24,411 14.90 % 1,588 30,397 31,985 18.12 % United Kingdom 2,545 3,013 5,558 2.87 % 3,334 2,097 5,431 3.31 % 3,099 2,795 5,894 3.34 % Portugal 2,572 3,603 6,175 3.19 % 3,008 3,845 6,853 4.18 % 3,095 6,462 9,557 5.41 % Italy 1,948 8,329 10,277 5.31 % 1,215 1,531 2,746 1.68 % 1,047 4,688 5,735 3.25 % Ireland 6,141 11 6,152 3.18 % 4,759 52 4,811 2.94 % 2,924 2 2,926 1.66 % Poland 2,830 9,443 12,273 6.34 % 2,848 12,727 15,575 9.51 % 3,126 11,400 14,526 8.23 % Other European countries 8,161 9,655 17,816 9.20 % 8,922 3,422 12,344 7.53 % 8,211 2,891 11,102 6.29 % United States 8,950 22,318 31,268 16.14 % 5,634 21,465 27,099 16.54 % 6,386 14,645 21,031 11.91 % Brazil 9,201 28,191 37,392 19.30 % 5,446 29,251 34,697 21.18 % 5,179 33,316 38,495 21.80 % Mexico 481 17,578 18,059 9.32 % 517 14,572 15,089 9.21 % 435 19,053 19,488 11.04 % Chile 28 10,009 10,037 5.18 % 51 9,467 9,518 5.81 % 41 8,082 8,123 4.60 % Other American countries 1,560 5,960 7,520 3.88 % 655 2,128 2,783 1.70 % 274 3,098 3,372 1.91 % Rest of the world 390 2,908 3,298 1.70 % 77 2,419 2,496 1.52 % 182 4,138 4,320 2.44 % 45,822 147,894 193,716 100 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % The detail, by issuer rating, of Debt securities at 31 December 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 13,481 5,494 18,975 9.80 % 15,956 1,773 17,729 10.82 % 14,088 2,099 16,187 9.17 % AA 9,542 30,502 40,044 20.67 % 2,005 26,355 28,360 17.31 % 1,714 18,784 20,498 11.61 % A 10,058 48,341 58,399 30.15 % 8,594 44,359 52,953 32.32 % 6,228 53,655 59,883 33.92 % BBB 5,181 29,900 35,081 18.11 % 5,234 20,304 25,538 15.59 % 6,515 31,204 37,719 21.36 % Below BBB 2,974 33,657 36,631 18.91 % 3,584 30,823 34,407 21.00 % 3,431 35,164 38,595 21.86 % Unrated 4,586 — 4,586 2.37 % 4,866 — 4,866 2.97 % 3,611 61 3,672 2.08 % 45,822 147,894 193,716 100 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % During 2022, 2021 and 2020, the distribution of the exposure by rating level of the previous table has not been affected by ratings reviews of the sovereign issuers. The detail, by type of financial instrument, of private fixed-income securities at 31 December 2022, 2021 and 2020, net of impairment losses, is as follows: EUR million 2022 2021 2020 Securitised mortgage bonds 9,222 5,806 5,926 Other asset-backed bonds 7,120 6,304 5,479 Floating rate debt 12,397 8,081 7,829 Fixed rate debt 17,083 20,048 16,353 Total 45,822 40,239 35,587 c) Impairment losses The changes in the impairment losses on debt securities are summarised below: EUR million 2022 2021 2020 Balance at beginning of year 215 284 474 Net impairment losses for the year A 16 28 79 Of which: Impairment losses charged to income 30 49 91 Impairment losses reversed with a credit to income (14) (21) (12) Exchange differences and other items (5) (97) (269) Balance at end of year 226 215 284 Of which: By geographical location of risk: European Union 26 25 21 Latin America 200 190 263 A. Of the EUR 16 million corresponding to net provisions for the year ended 31 December 2022 (EUR 28 million and EUR 79 million at 31 December 2021 and 2020, respectively), EUR 17 million relates to financial assets at amortized cost (EUR 31 million and EUR 77 million at 31 December 2021 and 2020, respectively) and EUR -1 million relates to financial assets designated at fair value through other comprehensive income (EUR -3 million and EUR 2 million at 31 December 2021 and 2020, respectively). At 31 December 2022, 2021 and 2020 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 25 million, EUR 26 million and EUR 25 million in stage 1, EUR 2 million, EUR 8 million and EUR 2 million in stage 2, and EUR 199 million, EUR 181 million and EUR 257 million in stage 3, respectively. |
Equity instruments
Equity instruments | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Equity instruments | Equity instruments a) Breakdown The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Classification Financial assets held for trading 10,066 15,077 9,615 Non-trading financial assets mandatorily at fair value through profit or loss 3,711 4,042 3,234 Financial assets designated at fair value through other comprehensive income 1,941 2,453 2,783 15,718 21,572 15,632 Type Shares of Spanish companies 3,284 3,896 3,364 Shares of foreign companies 10,494 15,184 10,437 Shares of investment funds 1,940 2,492 1,831 15,718 21,572 15,632 Note 29 contains a detail of the 'Other comprehensive income', recognised in equity, on 'Financial assets designated at fair value through other comprehensive income'. b) Changes The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2022 2021 2020 Balance at beginning of the year 2,453 2,783 2,863 Net additions (disposals) (33) (276) 833 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) A (497) (171) (917) Changes in the RV hedged with micro-hedging transactions 18 117 4 Balance at end of year 1,941 2,453 2,783 A. They do not include fair value movements for currency risk hedged with hedging instruments. c) Notifications of acquisitions of investments The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2022, 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, 2022 | |
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): EUR million 2022 2021 2020 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 38,789 37,641 31,884 30,192 43,832 41,085 Currency risk 26,391 26,063 19,823 21,894 21,162 22,028 Price risk 1,347 817 1,498 891 1,931 944 Other risks 475 370 1,087 589 212 412 67,002 64,891 54,292 53,566 67,137 64,469 b) Short positions Following is a breakdown of the short positions (liabilities): EUR million 2022 2021 2020 Borrowed securities Debt instruments 1,979 825 625 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 1,362 825 625 Banco Santander, S.A. 617 — — Equity instruments 993 389 289 Of which: Banco Santander, S.A. 934 318 289 Short sales Debt instruments 19,543 11,022 15,784 Of which: Banco Santander, S.A. 12,902 8,926 8,645 Banco Santander (Brasil) S.A. 3,857 1,952 7,085 Pierpont Capital Holdings LLC 2,690 — — Equity instruments — — — 22,515 12,236 16,698 |
Loans and advances to customers
Loans and advances to customers | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Financial assets held for trading 9,550 6,829 296 Non-trading financial assets mandatorily at fair value through 868 537 552 Financial assets designated at fair value through profit or loss 5,774 10,289 24,121 Financial assets at fair value through other comprehensive income 8,215 7,663 9,267 Financial assets at amortized cost 1,011,597 947,364 881,963 Of which: Impairment losses (22,684) (22,964) (23,595) 1,036,004 972,682 916,199 Loans and advances to customers disregarding impairment losses 1,058,688 995,646 939,794 Note 50 contains a detail of the residual maturity periods of 'Financial assets at amortized cost'. Note 53 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 of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions: EUR million 2022 2021 2020 Loan type and status Commercial credit 56,688 49,603 37,459 Secured loans 565,609 542,404 503,014 Reverse repurchase agreements 39,500 33,264 35,702 Other term loans 290,031 269,526 269,143 Finance leases 39,833 38,503 36,251 Receivable on demand 11,435 10,304 7,903 Credit cards receivables 22,704 20,397 19,507 Impaired assets 32,888 31,645 30,815 1,058,688 995,646 939,794 Geographical area Spain 212,804 216,741 215,330 European Union (excluding Spain) 202,958 190,032 192,988 United States and Puerto Rico 125,436 102,491 93,405 Other OECD countries A 385,906 374,729 338,362 South America (non - OECD) 112,803 94,010 79,629 Rest of the world 18,781 17,643 20,080 1,058,688 995,646 939,794 Interest rate formula Fixed rate 642,537 593,645 550,883 Floating rate 416,151 402,001 388,911 1,058,688 995,646 939,794 A. Includes, mainly, customers from the United Kingdom. At 31 December 2022, 2021 and 2020 the Group had granted loans amounting to EUR 14,698 million, EUR 14,131 million and EUR 12,104 million to Spanish public sector agencies which had a rating at 31 December 2022 of A (ratings of A at 31 December 2021 and 31 December 2020), and EUR 12,467 million, EUR 10,263 million, and EUR 10,779 million to the public sector in other countries (at 31 December 2022, the breakdown of this amount by issuer rating was as follows: 3.6% AAA, 17% AA, 1% A, 70.8% BBB, 6.8% below BBB and 0.8% without rating). Without considering the public administrations, the amount of the loans and advances at 31 December 2022, 2021 and 2020 amounts to EUR 1,031,523 million, EUR 916,911 million and EUR 942,249 million, of which, EUR 998,689 million, EUR 939,645 million and EUR 886,118 million are classified as performing, respectively. Following is a detail, by activity, of the loans to customers at 31 December 2022, net of impairment losses: EUR million Secured loans Net exposure Loan to value ratio C Total Without Of which Of which Less than or equal to 40% More More More More than 100% Public sector 24,436 23,410 157 869 66 73 18 862 7 Other financial institutions (financial business activity) 83,091 28,950 5,223 48,918 4,172 2,677 739 45,934 619 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 345,083 195,015 70,063 80,005 25,973 25,327 19,813 55,306 23,649 Of which: Construction and property development 20,320 1,561 17,673 1,086 6,572 6,251 2,027 2,188 1,721 Civil engineering construction 2,959 1,895 149 915 59 109 139 715 42 Large companies 188,730 127,137 19,751 41,842 8,650 6,642 6,690 29,228 10,383 SMEs and individual entrepreneurs 133,074 64,422 32,490 36,162 10,692 12,325 10,957 23,175 11,503 Households – other (broken down by purpose) 562,078 105,335 368,242 88,501 104,249 126,361 127,779 64,685 33,669 Of which: Residential 361,235 1,524 359,072 639 97,155 118,774 116,484 24,415 2,883 Consumer loans 182,097 100,686 2,118 79,293 3,436 5,183 8,294 34,501 29,997 Other purposes 18,746 3,125 7,052 8,569 3,658 2,404 3,001 5,769 789 Total A 1,014,688 352,710 443,685 218,293 134,460 154,438 148,349 166,787 57,944 Memorandum item Refinanced and restructured transactions B 25,907 11,662 9,001 5,244 3,566 2,006 3,611 3,422 1,640 A. In addition, the Group has granted advances to customers amounting to EUR 21,316 millio n, bri nging the total of loans and advances to EUR 1,036,004 million. B. Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. C. The ratio is the carrying amount of the transactions at 31 December 2022 provided by the latest available appraisal value of the collateral. Note 53 contains information relating to the forborne loan portfolio. 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” during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 878,700 67,584 31,287 977,571 Movements Transfers To stage 2 from stage 1 (31,811) 31,811 — To stage 3 from stage 1 A (11,143) 11,143 — To stage 3 from stage 2 (8,487) 8,487 — To stage 1 from stage 2 18,907 (18,907) — To stage 2 from stage 3 3,250 (3,250) — To stage 1 from stage 3 456 (456) — Net changes on financial assets 86,459 (8,839) (2,568) 75,052 Write-offs — — (12,235) (12,235) Exchange differences and others 1,293 284 209 1,786 Balance at the end of the year 942,861 66,696 32,617 1,042,174 2021 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 817,906 66,104 30,318 914,328 Movements Transfers To stage 2 from stage 1 (33,051) 33,051 — To stage 3 from stage 1 (6,617) 6,617 — To stage 3 from stage 2 (5,836) 5,836 — To stage 1 from stage 2 17,796 (17,796) — To stage 2 from stage 3 1,865 (1,865) — To stage 1 from stage 3 271 (271) — Net changes on financial assets 62,629 (11,629) (719) 50,281 Write-offs — — (9,089) (9,089) Exchange differences and others 19,766 1,825 460 22,051 Balance at the end of the year 878,700 67,584 31,287 977,571 2020 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 849,939 50,476 31,837 932,252 Movements Transfers To stage 2 from stage 1 (43,170) 43,170 — To stage 3 from stage 1 (5,120) 5,120 — To stage 3 from stage 2 (8,734) 8,734 — To stage 1 from stage 2 13,459 (13,459) — To stage 2 from stage 3 1,831 (1,831) — To stage 1 from stage 3 578 (578) — Net changes on financial assets 53,555 (2,951) (659) 49,945 Write-offs — — (8,930) (8,930) Exchange differences and others (51,335) (4,229) (3,375) (58,939) Balance at the end of the year 817,906 66,104 30,318 914,328 A. It includes the effect of the stage 3 definition alignment with the accounting default definition, mainly by Santander Consumer USA. In addition, at 31 December 2022, the Group had EUR 322 million (EUR 420 million at 31 December 2021 and EUR 497 million at 31 December 2020) of exposure in assets purchased with impairment of which EUR 271 million still show signs of impairment, which correspond 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: EUR million 2022 2021 2020 Amount at beginning of the year 22,964 23,595 22,242 Impairment losses charged to income for the year 11,676 8,762 13,385 Of which: Impairment losses charged to profit or loss 19,879 18,240 20,909 Impairment losses reversed with a credit to profit or loss (8,203) (9,478) (7,524) Change of perimeter — — (82) Write-off of impaired balances against recorded impairment allowance (12,235) (9,089) (8,930) Exchange differences and other changes 279 (304) (3,020) Amount at end of the year 22,684 22,964 23,595 Which correspond to: Impaired assets 13,931 13,550 13,658 Other assets 8,753 9,414 9,937 Of which: Individually calculated 2,493 2,496 2,679 Collective calculated 20,191 20,468 20,916 In addition, provisions for debt securities amounting to EUR 16 million were recorded at 31 December 2022 (provisions amounting to EUR 28 million and EUR 79 million as of 31 December 2021 and 2020, respectively), written-off assets recoveries have been recorded in the year amounting to EUR 1,459 million at 31 December 2022 (EUR 1,383 million and EUR 1,221 million at 31 December 2021 and 2020, respectively). EUR 630 million were recorded in the account for losses on renegotiation or contractual modification at 31 December 2022 (EUR 0 and EUR 139 million at 31 December 2021 and 2020, respectively) mainly due to the impact, on the one hand, of the Moratorium law approved in July 2022 in Poland, and, on the other hand, of the adjustment of the gross amount of mortgage loans denominated and indexed to foreign currencies in this same country (see note 25.e.). 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'; amounts EUR 10,863 million at 31 December 2022 (EUR 7,407 million and EUR 12,382 million at 31 December 2021 and 2020, respectively). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,188 5,226 13,550 22,964 Transfers To stage 2 from stage 1 (713) 3,046 2,333 To stage 3 from stage 1 (557) 4,586 4,029 To stage 3 from stage 2 (1,802) 3,182 1,380 To stage 1 from stage 2 215 (894) (679) To stage 2 from stage 3 400 (933) (533) To stage 1 from stage 3 9 (161) (152) Net changes of the exposure and modifications in the credit risk 414 (1,056) 5,940 5,298 Write-offs — — (12,235) (12,235) FX and other movements 70 207 2 279 Loss allowance at the end of the year 3,626 5,127 13,931 22,684 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 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 Loans to customers' considered to be impaired due to credit risk is as follows: EUR million 2022 2021 2020 Balance at beginning of year 31,645 30,815 32,543 Net additions 13,060 9,390 10,577 Written-off assets (12,235) (9,089) (8,930) Changes in the scope of consolidation — — (39) Exchange differences and other 418 529 (3,336) Balance at end of year 32,888 31,645 30,815 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 2022, the Group’s written-off assets totalled EUR 43,675 million (EUR 40,585 million and EUR 39,087 million at 31 December 2021 and 2020, respectively). 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 2022: EUR million Gross Allowance recognised Estimated collateral A Without associated real collateral 14,066 7,684 — With real estate collateral 10,909 2,889 7,848 With other collateral 7,913 3,358 3,998 Total 32,888 13,931 11,846 A. 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. e) Transferred credits '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. The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below: EUR million 2022 2021 2020 Retained on the balance sheet 82,603 80,600 88,662 Of which Securitised mortgage assets 16,265 19,523 30,145 Of which: UK assets 4,144 5,295 9,034 Other securitised assets 66,338 61,077 58,517 Total A 82,603 80,600 88,662 A. Note 22 details the liabilities associated with these securitisation transactions. At 31 December 2022, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR 13,711 million (EUR 14,141 million and EUR 13,999 million at 31 December 2021 and 2020, respectively). |
Trading derivatives
Trading derivatives | 12 Months Ended |
Dec. 31, 2022 | |
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 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Notional amount Market Notional amount Market Notional amount Market Trading derivatives Interest rate risk Forward rate agreements 100,579 22 147,603 (11) 515,889 — Interest rate swaps 4,844,043 2,387 3,920,945 1,931 3,789,169 3,638 Options, futures and other derivatives 495,994 (1,261) 508,723 (228) 698,500 (891) Credit risk Credit default swaps 16,185 (6) 13,571 436 12,378 (133) Foreign currency risk Foreign currency purchases and sales 384,024 423 329,781 (664) 304,280 (45) Foreign currency options 54,967 150 49,680 (114) 45,074 (7) Currency swaps 496,441 (245) 430,644 (1,293) 394,178 (814) Securities and commodities derivatives and other 71,237 641 69,850 669 70,861 920 Total 6,463,470 2,111 5,470,797 726 5,830,329 2,668 |
Non-current assets
Non-current assets | 12 Months Ended |
Dec. 31, 2022 | |
Non-current assets [abstract] | |
Non-current assets | Non-current assets The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Tangible assets 3,435 4,089 4,445 Of which: Foreclosed assets 3,101 3,651 4,081 Of which property assets in Spain 2,596 3,120 3,485 Other tangible assets held for sale 334 438 364 Other assets 18 — — Total 3,453 4,089 4,445 At 31 December 2022, the provisions recognised for the total non-current assets held for sale totalled EUR 3,425 million (EUR 3,811 million and EUR 4,104 million at 31 December 2021 and 2020, respectively). The charges recorded in those years amounted to EUR 204 million, EUR 239 million and EUR 250 million, respectively, and the recoveries during these exercises are amounted to EUR 110 million, EUR 98 million and EUR 35 million, respectively. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2022 | |
Investments [Abstract] | |
Investments | Investments a) Breakdown The detail, by company, of Investments is as follows: EUR million 2022 2021 2020 Associated entities 5,634 5,833 6,130 Merlin Properties, SOCIMI, S.A. 1,653 1,640 1,581 Caceis 1,046 975 1,077 Metrovacesa, S.A. 979 1,087 1,157 Zurich Santander Insurance 916 826 955 CNP Santander 406 418 439 Ebury Partners Limited (note 3) — 394 388 Other companies 634 493 533 Joint Ventures entities 1,981 1,692 1,492 U.C.I., S.A. - Consolidated 416 228 168 Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L) 359 334 326 Santander Vida Seguros y Reaseguros, S.A. (note 3) 356 378 381 Fortune Auto Finance Co., ltd 244 222 172 Hyundai Capital UK Limited 223 201 151 Banco RCI Brasil S.A. 95 92 88 Other companies 288 237 206 Total Associated entities and Joint ventures 7,615 7,525 7,622 Of the entities included above, at 31 December 2022, the entities Merlin Properties, SOCIMI, S.A, Metrovacesa S.A. and Compañía Española de Viviendas en Alquiler, S.A. are the only listed companies. Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading: EUR million 2022 2021 2020 Goodwill 1,508 1,723 1,862 Of which: Zurich Santander Insurance America, S.L. - Consolidated 526 526 526 Caceis 337 337 337 b) Changes The changes in the investments were as follows: EUR million 2022 2021 2020 Balance at beginning of year 7,525 7,622 8,772 Acquisitions (disposals) of companies and capital increases (reductions) 142 94 676 Of which: Ebury Partners Limited (note 3) — — 409 Santander Vida Seguros y Reaseguros, S.A. (note 3) — — 219 Changes in the consolidation method (note 3) (320) — (1,359) Of which: Ebury Partners Limited (382) — — Project Quasar Investments 2017, S.L. — — (956) Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) — — (409) Effect of equity accounting 702 432 (96) Dividends distributed and reimbursements of share premium (560) (662) (186) Of which: Zurich Santander Insurance America S.L. - Consolidated (160) (230) (80) Caceis — (144) — CNP Santander (15) (60) — Metrovacesa, S.A. (124) (60) — Santander Vida Seguros y Reaseguros, S.A.- Consolidated (40) (31) (37) Merlin Properties, SOCIMI, S.A. (139) (52) (17) Other global result 70 (13) (1) Exchange differences and other changes 56 52 (184) Balance at end of year 7,615 7,525 7,622 c) Impairment adjustments During the years 2022, 2021 and 2020 there was no evidence of significant impairment in the Group's associated interests. d) Other information A summary of the financial information at the end of December 2022 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below: EUR million Associates Joint ventures Merlin Properties, SOCIMI, S.A. A Metrovacesa, S.A. A Caceis Zurich Santander Insurance América, S.L. - Consolidated CNP Santander Santander Caceis Latam Holding, S.L. - Consolidated U.C.I., S.A. - Consolidated Hyundai Capital UK Limited Fortune Auto Finance Co., LTD Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3) Banco RCI Brasil S.A. Current assets 1,038 2,200 36,702 1,027 166 191 308 2,593 176 79 5 Non current assets 13,234 577 87,638 16,216 2,168 497 11,228 2,064 1,863 1,725 1,939 Total assets 14,272 2,777 124,340 17,243 2,334 688 11,536 4,657 2,039 1,804 1,944 Current liabilities 737 364 9,629 337 19 188 182 2,346 29 190 109 Non current liabilities 6,508 334 110,251 15,907 1,907 10 10,574 1,868 1,521 1,051 1,582 Total liabilities 7,245 698 119,880 16,244 1,926 198 10,756 4,214 1,550 1,241 1,691 Attributable profit for the period 512 18 278 471 93 67 (63) 68 57 89 40 Other accumulated comprehensive income 32 1 — (759) (86) (242) 280 (19) 12 (51) (217) Rest of equity 6,483 2,060 4,182 1,287 401 665 563 394 420 525 430 Total Equity 7,027 2,079 4,460 999 408 490 780 443 489 563 253 Total liabilities and equity 14,272 2,777 124,340 17,243 2,334 688 11,536 4,657 2,039 1,804 1,944 Ordinary activities income 551 511 2,770 4,771 816 120 263 809 257 784 292 Profit (loss) from continuing operations 512 18 278 471 93 67 (63) 68 57 89 40 Profit (loss) for the year from discontinuing operations — — — — — — — — — — — A. Data as of 31 December 2021, latest accounts available. |
Insurance contracts linked to p
Insurance contracts linked to pensions | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 104 149 174 104 149 174 |
Liabilities and assets under in
Liabilities and assets under insurance contracts and reinsurance assets | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 65 (58) 7 56 (50) 6 51 (45) 6 Life insurance 226 (173) 53 209 (150) 59 189 (137) 52 Unearned premiums and risks 163 (150) 13 146 (130) 16 126 (122) 4 Mathematical provisions 63 (23) 40 63 (20) 43 63 (15) 48 Claims outstanding 389 (51) 338 451 (55) 396 561 (59) 502 Bonuses and rebates 14 (6) 8 20 (11) 9 23 (11) 12 Other technical provisions 53 (20) 33 34 (17) 17 86 (9) 77 747 (308) 439 770 (283) 487 910 (261) 649 |
Tangible assets
Tangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment [abstract] | |
Tangible assets | Tangible assets a) Changes The changes in Tangible assets in the consolidated balance sheets were as follows: EUR million 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 2020 27,108 24,454 1,450 53,012 5,686 — — 5,686 Additions / disposals (net) due to change in the scope of consolidation (16) 1,082 7 1,073 (37) — — (37) Additions / disposals (net) 827 512 (29) 1,310 (1,339) — — (1,339) Transfers, exchange differences and other items (3,023) (1,844) 32 (4,835) (362) — — (362) Balance at 31 December 2020 24,896 24,204 1,460 50,560 3,948 — — 3,948 Additions / disposals (net) due to change in the scope of consolidation 66 (257) — (191) 1 — — 1 Additions / disposals (net) 781 (1,076) (64) (359) 96 A — — 96 Transfers, exchange differences and other items (214) 1,552 141 1,479 384 — — 384 Balance at 31 December 2021 25,529 24,423 1,537 51,489 4,429 — — 4,429 Additions / disposals (net) due to change in the scope of consolidation 14 89 — 103 1 — — 1 Additions / disposals (net) 604 (822) (64) (282) 109 A — — 109 Transfers, exchange differences and other items 423 1,476 107 2,006 153 — — 153 Balance at 31 December 2022 26,570 25,166 1,580 53,316 4,692 — — 4,692 Accumulated depreciation Balances at 1 January 2020 (11,974) (5,210) (144) (17,328) (765) — — (765) Disposals due to change in the scope of consolidation (40) — — (40) (3) — — (3) Disposals 527 2,387 11 2,925 167 — — 167 Charge for the year (1,906) — (8) (1,914) (706) — — (706) Transfers, exchange differences and other items 1,850 (2,762) 8 (904) 90 — — 90 Balance at 31 December 2020 (11,543) (5,585) (133) (17,261) (1,217) — — (1,217) Disposals due to change in the scope of consolidation (1) 40 — 39 — — — — Disposals 733 3,390 3 4,126 44 — — 44 Charge for the year (1,733) — (10) (1,743) (612) — — (612) Transfers, exchange differences and other items 529 (3,083) (9) (2,563) (4) — — (4) Balance at 31 December 2021 (12,015) (5,238) (149) (17,402) (1,789) — — (1,789) Disposals due to change in the scope of consolidation (7) (30) 4 (33) — — — — Disposals 1,065 2,882 16 3,963 164 — — 164 Charge for the year (1,821) — (13) (1,834) (636) — — (636) Transfers, exchange differences and other items (114) (3,192) (30) (3,336) (4) — — (4) Balance at 31 December 2022 (12,892) (5,578) (172) (18,642) (2,265) — — (2,265) A. Includes contract extensions on operating leases and repurchases. EUR million 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 2020 (93) (23) (333) (449) — — — — Impairment charge for the year (104) (70) (11) (185) (4) — — (4) Releases 4 2 5 11 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 20 — 3 23 — — — — Exchange differences and other 33 31 (28) 36 (6) — — (6) Balance at 31 December 2020 (140) (60) (364) (564) (9) — — (9) Impairment charge for the year (144) (17) (8) (169) (13) — — (13) Releases 10 4 5 19 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 61 — 3 64 7 — — 7 Exchange differences and other (42) (29) (44) (115) (1) — — (1) Balance at 31 December 2021 (255) (102) (408) (765) (15) — — (15) Impairment charge for the year (95) (33) (29) (157) (2) — — (2) Releases 12 1 4 17 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 34 76 9 119 13 13 Exchange differences and other 115 25 45 185 (11) — — (11) Balance at 31 December 2022 (189) (33) (379) (601) (14) — — (14) Tangible assets, net Balances at 31 December 2020 13,213 18,559 963 32,735 2,722 — — 2,722 Balances at 31 December 2021 13,259 19,083 979 33,321 2,625 — — 2,625 Balances at 31 December 2022 13,489 19,555 1,029 34,073 2,413 0 0 2,413 b) Tangible assets - For own use 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: EUR million Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 13,081 (3,215) (133) 9,733 2,716 IT equipment and fixtures 5,562 (4,416) — 1,146 1 Furniture and vehicles 6,085 (3,854) — 2,231 5 Construction in progress and other items 168 (58) (7) 103 — Balances at 31 December 2020 24,896 (11,543) (140) 13,213 2,722 Land and buildings 13,855 (3,675) (240) 9,940 2,570 IT equipment and fixtures 5,543 (4,335) — 1,208 42 Furniture and vehicles 5,982 (3,954) — 2,028 12 Construction in progress and other items 149 (51) (15) 83 — Balances at 31 December 2021 25,529 (12,015) (255) 13,259 2,625 Land and buildings 14,623 (4,467) (175) 9,981 2,349 IT equipment and fixtures 5,285 (3,984) — 1,301 53 Furniture and vehicles 6,445 (4,389) — 2,056 11 Construction in progress and other items 217 (52) (14) 151 — Balances at 31 December 2022 26,570 (12,892) (189) 13,489 2,413 The carrying amount at 31 December 2022 in the foregoing table includes the following approximate amounts EUR 7,083 million (EUR 6,753 million at 31 December 2021 and EUR 6,299 million at 31 December 2020) relating to property, plant and equipment owned by group entities and branches located abroad. c) Tangible assets - Leased out under an operating lease Grupo Santander 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. Grupo Santander 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. Of the EUR 19,555 million that the Group had assigned to operating leases at 31 December 2022 (EUR 19,083 million and EUR 18,559 million at 31 December 2021 and 2020, respectively), EUR 13,389 million (EUR 13,630 million and EUR 13,473 million at 31 December 2021 and 2020, respectively) relate to vehicles of Santander US Auto's business. The variable lease payments of various items of this entity are not significant. In addition, the maturity analysis of the undiscounted payments for assets leased out under operating leases from Santander US Auto is as follows: EUR million 2022 Maturity Analysis 2023 2,811 2024 5,243 2025 4,762 2026 1,171 d) Tangible assets - Investment property The fair value of investment property at 31 December 2022, 2021, 2020 amounted to EUR 1,153, 1,088 and 1,055 million, respectively. A comparison of the fair value of investment property at 31 December 2022, 2021 and 2020 with the net book value shows gross unrealised gains of EUR 124, 109 and 92 million, respectively, attributed completely to the group. |
Intangible assets - Goodwill
Intangible assets - Goodwill | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill [abstract] | |
Intangible assets - Goodwill | Intangible assets – Goodwill The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: EUR million 2022 2021 2020 Banco Santander (Brasil) 3,503 3,219 3,109 SAM Investment Holdings Limited 1,444 1,444 1,444 Santander Consumer Germany 1,304 1,304 1,314 Santander Bank Polska 1,075 1,095 1,104 Santander Portugal 1,040 1,040 1,040 Santander US Auto 1,039 979 904 Santander España 998 1,027 1,027 Santander Holding USA (ex. Auto) A 844 643 594 Santander UK 599 633 592 Banco Santander - Chile 548 516 571 Grupo Financiero Santander (México) 469 435 399 Ebury Partners 298 — — Santander Consumer Nordics 215 224 216 Other companies 365 154 157 Total Goodwill 13,741 12,713 12,471 A. Includes the Amherst Pierpont Securities LLC' business (see note 3). The changes in goodwill were as follows: EUR million 2022 2021 2020 Balance at beginning of year 12,713 12,471 24,246 Additions (note 3) 534 81 429 Of which: Ebury Partners 316 — — Santander Holding USA (ex. Auto) A 158 — — SAM Investment Holdings Limited — — 271 Impairment losses — (6) (10,100) Of which: Santander UK — — (6,101) Santander Bank Polska — — (1,192) Santander Holding USA (ex. Auto) — — (1,177) Santander US Auto — — (1,153) Santander Consumer Nordics — — (277) Disposals or changes in scope of consolidation — — — Exchange differences and other items 494 167 (2,104) Balance at end of year 13,741 12,713 12,471 A. Acquisition of Amherst Pierpont Securities LLC (see note 3). Grupo Santander has goodwill generated by cash-generating units located in non-euro currency countries (mainly Brazil, Poland, the United States, the United Kingdom, Chile, Mexico, Norway and Sweden) 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 2022 there was an increase of EUR 494 million (an increase of EUR 167 million in 2021 and a decrease of EUR 2,104 million in 2020), due to exchange differences and other items which, pursuant to current standards, were recognised with a change 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), Grupo Santander performs an analysis of the potential impairment of its recorded goodwill with respect to its recoverable amount. The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, which are the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash flows of 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. Grupo Santander'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 valuations performed by internal and external experts. 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. 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 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 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 budgets. During 2022, the Group has not recognised any impairment losses. During 2021, the Group recognised impairment losses of EUR 6 million of immaterial goodwill and in 2020, considering the economic and business environment resulting from covid-19, market conditions and the existing economic uncertainty, an impairment test was performed for certain CGU during the second quarter. As a result, the Group recognised goodwill impairment of EUR 10,100 million, mainly associated with Santander UK, Santander Bank Polska, Santander Bank, National Association, Santander Consumer USA and Santander Consumer Nordics. Those impairment losses were recognised under 'Impairment or reversal of impairment of non-financial assets, net - Intangible assets'. Goodwill is deducted from CET1 for regulatory purposes and therefore an impairment of goodwill has no impact on the Group's capital ratios. Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2022 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2022 Projected period Discount rate A Nominal Santander UK 5 years 11.1 % 2.5 % Santander Bank Polska 5 years 15.6 % 4.8 % Santander US Auto 3 years 12.2 % 2.8 % Santander Holding USA (ex. Auto) B 5 years 12.6 % 3.5 % Santander Consumer Germany 5 years 9.4 % 2.3 % SAM Investment Holdings, Limited 5 years 12.2 % 2.5 % Santander Portugal 5 years 11.1 % 2.3 % Santander Consumer Nordics 5 years 11.0 % 2.5 % A. Post-tax discount rate. B. Weighted information of the main assumptions of the segments to which goodwill has been allocated. The discount and nominal perpetual growth rates taken into account in 2021 and 2020 are presented below for comparison purposes: Discount rate A Nominal 2021 2020 2021 2020 Santander UK 9.2 % 9.5 % 2.3 % 2.3 % Santander Bank Polska 10.3 % 10.0 % 3.5 % 3.5 % Santander US Auto 10.6 % 10.7 % 1.5 % 1.5 % Santander Holding USA (ex. Auto) B 11.6 % 11.6 % 3.0 % 2.5 % Santander Consumer Germany 8.3 % 9.0 % 1.8 % 1.8 % SAM Investment Holdings, Limited 10.4 % 10.1 % 2.5 % 2.5 % Santander Portugal 9.7 % 9.8 % 1.8 % 1.8 % Santander Consumer Nordics 9.9 % 10.1 % 2.0 % 2.0 % A. Post-tax discount rate. B. Weighted information of the main assumptions of the segments to which goodwill has been allocated. The variations reflected in the assumptions used in 2022 are mainly a consequence of the current macroeconomic scenario, as well as the increasing level of inflation and difficulties in supply chains, which have led to a rapid increase in central banks' benchmark interest rates in the main countries where the Group's CGU are operating. Given the degree of uncertainty of the above key assumptions on which the recoverable amount of the cash-generating units is based, the Group performs a sensitivity analysis which consisted of adjusting +/- 50 basis points the discount rate, adjusting +/- 50 basis points the growth rate in perpetuity and reducing the cash flow projections by 5%. These changes in the key assumptions in isolation mean that the recoverable amount of all the cash-generating units continues to exceed their amount to be recovered and have been considered by the Group as reasonably possible changes in the business operations of the cash-generating units are not contemplated. 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 quoted market prices of their shares at year-end. This value exceeded the amount to be recovered. A significant reduction in the quoted market prices of these cash generating unit could result in an indication of impairment which in turn may lead to a goodwill impairment charge in the future. |
Intangible assets - Other intan
Intangible assets - Other intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets other than goodwill [abstract] | |
Intangible assets - Other intangible assets | Intangible assets - Other intangible assetsThe detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2022, 2021, and 2020 is as follows: EUR million Estimated 31/12/2021 Net Change in Amortization Application of Exchange 31/12/2022 Cost 10,712 1,757 381 — (511) 163 12,502 Brand names 4 — 27 — 2 33 IT developments 3 -7 years 9,189 1,748 153 (497) 128 10,721 Other 1,519 9 201 (14) 33 1,748 Accumulated amortisation (6,707) — — (1,151) 412 (108) (7,554) Development (6,149) — — (1,024) 403 (96) (6,866) Other (558) — — (127) 9 (12) (688) Impairment losses (134) — — (75) 99 66 (44) Of which addition — — — (75) — — — Liberation — — — — — — — 3,871 1,757 381 (1,226) — 121 4,904 EUR million Estimated 31/12/2020 Net Change in Amortization Application of Exchange 31/12/2021 Cost 9,376 1,409 5 — (293) 215 10,712 Brand names 37 — — (34) 1 4 IT developments 3-7 years 7,900 1,325 4 (212) 172 9,189 Other 1,439 84 1 (47) 42 1,519 Accumulated amortisation (5,809) — (2) (1,013) 232 (115) (6,707) Development (5,307) — (1) (922) 178 (97) (6,149) Other (502) — (1) (91) 54 (18) (558) Impairment losses (130) — — (65) 61 — (134) Of which addition — — — (65) — — — Liberation — — — — — — — 3,437 1,409 3 (1,078) — 100 3,871 EUR million Estimated 31/12/2019 Net Change in Amortization Application of Exchange 31/12/2020 Cost 9,263 1,451 (33) — (241) (1,064) 9,376 Brand names 42 — — — (5) 37 IT developments 3-7 years 7,945 1,123 (34) (224) (910) 7,900 Other 1,276 328 1 (17) (149) 1,439 Accumulated amortisation (5,686) 35 49 (896) 105 584 (5,809) Development (5,139) — 49 (792) 88 487 (5,307) Other (547) 35 — (104) 17 97 (502) Impairment losses (136) — — (142) 136 12 (130) Of which addition — — — (142) — — — Liberation — — — 0 — — — 3,441 1,486 16 (1,038) — (468) 3,437 |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous assets [abstract] | |
Other assets | Other assets The detail of 'Other assets' is as follows: EUR million 2022 2021 2020 Transactions in transit 83 157 88 Net pension plan assets (note 25) 1,345 1,990 635 Prepayments and accrued income 3,003 2,610 2,806 Other (note 2.n) 5,536 3,683 7,362 9,967 8,440 10,891 |
Deposits from central banks and
Deposits from central banks and credit institutions | 12 Months Ended |
Dec. 31, 2022 | |
Deposits From Central Banks And Credit Institutions [Abstract] | |
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: EUR million 2022 2021 2020 CENTRAL BANKS Classification Financial liabilities held for trading 5,757 1,038 — Financial liabilities designated at fair value through profit or loss 1,740 607 2,490 Financial liabilities at amortized cost 76,952 139,757 112,804 84,449 141,402 115,294 Type Deposits on demand — 10 10 Time deposits 72,320 134,439 108,090 Reverse repurchase agreements 12,129 6,953 7,194 84,449 141,402 115,294 CREDIT INSTITUTIONS Classification Financial liabilities held for trading 9,796 6,488 — Financial liabilities designated at fair value through profit or loss 1,958 1,064 6,765 Financial liabilities at amortized cost 68,582 52,235 62,620 80,336 59,787 69,385 Type Deposits on demand 6,808 6,139 5,727 Time deposits 49,221 37,332 43,308 Reverse repurchase agreements 24,245 16,198 20,179 Subordinated deposits 62 118 171 80,336 59,787 69,385 Currency Euro 65,133 107,908 104,499 Pound sterling 35,357 42,451 23,339 US dollar 30,924 24,012 26,581 Brazilian real 14,195 11,297 12,356 Other currencies 19,176 15,521 17,904 TOTAL 164,785 201,189 184,679 At 31 December 2022, the balance of the conditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) amounts to EUR 33,536 million, which corresponds to TLRTO III (EUR 88,894 million and EUR 77,732 million at 31 December 2021 and 2020, respectively). At 31 December 2022, the income recognized in the consolidated income statement corresponding to TLTRO III amounts to EUR 489 million (EUR 868 million and EUR 391 million at 31 December 2021 and 2020, respectively). |
Customer deposits
Customer deposits | 12 Months Ended |
Dec. 31, 2022 | |
Deposits from customers [abstract] | |
Customer deposits | Customer deposits The detail, by classification, geographical area and type, of Customer deposits is as follows: EUR million 2022 2021 2020 Classification Financial liabilities held for trading 12,226 6,141 — Financial liabilities designated at fair value through profit or loss 46,822 25,608 34,343 Financial liabilities 966,353 886,595 814,967 1,025,401 918,344 849,310 Geographical area Spain 399,112 319,565 294,516 European Union (excluding Spain) 115,323 112,361 106,013 United Kingdom 232,364 243,734 232,840 United States and Puerto Rico 87,497 73,814 59,057 Rest of America 181,782 159,381 147,300 Rest of the world 9,323 9,489 9,584 1,025,401 918,344 849,310 Type Demand deposits- 710,232 717,728 642,897 Current accounts 477,739 482,649 418,752 Savings accounts 225,445 227,318 216,500 Other demand deposits 7,048 7,761 7,645 Time deposits- 251,778 164,259 171,939 Fixed-term deposits and other term deposits 248,298 162,172 170,127 Home-purchase savings accounts 38 38 43 Discount deposits — 3 3 Hybrid financial liabilities 3,296 1,906 1,743 Subordinated liabilities 146 140 23 Repurchase agreements 63,391 36,357 34,474 1,025,401 918,344 849,310 Note 50 contains a detail of the residual maturity periods of financial liabilities at amortised cost. |
Marketable debt securities
Marketable debt securities | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Classification Financial liabilities — — — Financial liabilities designated 5,427 5,454 4,440 Financial liabilities 274,912 240,709 230,829 280,339 246,163 235,269 Type Bonds and debentures outstanding 211,597 194,362 191,577 Subordinated 25,717 25,938 21,686 Notes and other securities 43,025 25,863 22,006 280,339 246,163 235,269 The distribution of the book value of debt securities issued by contractual maturity at 31 December 2022 is shown below: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 678 3,706 3,774 17,559 25,717 Senior unsecured debt 5,224 13,924 48,113 31,854 28,342 127,457 Senior secured debt 4,204 15,445 30,808 20,786 12,897 84,140 Promissory notes and other securities 25,659 17,366 — — — 43,025 Debt securities issued 35,087 47,413 82,627 56,414 58,798 280,339 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2022 is as follows: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 663 3,728 3,810 17,502 25,703 Senior unsecured debt 5,255 14,006 48,398 32,042 28,510 128,211 Senior secured debt 4,203 15,440 30,799 20,780 12,892 84,114 Promissory notes and other securities 25,647 17,358 — — — 43,005 Debt securities issued 35,105 47,467 82,925 56,632 58,904 281,033 b) Bonds and debentures outstanding The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows: 2022 EUR million Currency of issue 2022 2021 2020 Outstanding issue amount in foreign currency (Million) Annual Euro 87,295 90,348 89,031 87,295 1.38% US dollar 75,798 66,581 61,174 80,930 3.10% Pound sterling 15,883 13,340 16,569 14,084 2.81% Brazilian real 18,024 9,131 8,398 101,835 12.52% Chilean peso 4,653 3,757 5,624 4,230,507 2.74% Other currencies 9,944 11,205 10,781 Balance at end of year 211,597 194,362 191,577 The changes in 'Bonds and debentures outstanding' were as follows: EUR million 2022 2021 2020 Balance at beginning of year 194,362 191,577 208,455 Net inclusion of entities in the Group — — 785 Issues 66,033 59,937 54,905 Of which: Banco Santander, S.A. 19,243 11,766 10,220 Santander Consumer USA Holdings Inc. 13,315 15,771 12,246 Banco Santander (Brasil) S.A. 11,233 14,996 11,036 Santander UK Group Holdings plc 10,178 3,372 6,320 Santander Holdings USA, Inc. 2,315 — 1,269 Banco Santander - Chile 1,486 1,158 766 Santander Consumer Finance, S.A. 1,293 1,169 2,394 Santander Bank, National Association 1,222 252 — SC Germany S.A., Compartment Consumer 2022-1 972 — — Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 837 541 1,770 PSA Financial Services Spain, E.F.C., S.A. 706 — 605 Santander Consumer Bank AS 619 779 773 Santander International Products, Plc. 599 914 1,588 PSA Banque France 60 815 385 Santander Factoring Sp. z o.o. 32 819 391 PSA Bank Deutschland GmbH 20 600 — Santander Consumo 4, F.T. — 1,531 — SC Germany S.A., Compartment Consumer 2021-1 — 1,496 — Auto ABS French Lease Master Compartment 2016 — 900 300 SC Germany S.A., Compartment Consumer 2020-1 — — 1,800 SCF Rahoituspalvelut IX DAC — — 650 Redemptions and repurchases (49,903) (61,846) (62,699) Of which: Santander Consumer USA Holdings Inc. (15,252) (15,151) (13,959) Banco Santander, S.A. (9,297) (3,185) (5,991) Santander UK Group Holdings plc (5,267) (14,695) (14,102) Santander Consumer Finance, S.A. (3,357) (3,779) (4,371) Santander Holdings USA, Inc. (3,153) (778) (1,201) Banco Santander (Brasil) S.A. (2,721) (15,182) (14,211) Banco Santander - Chile (1,452) (1,030) (1,974) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (1,316) (411) (415) PSA Banque France (1,165) (335) (684) Santander Consumer Bank AS (972) (348) (936) SC Germany S.A., Compartment Consumer 2020-1 (724) (92) — Santander Leasing S.A. (590) (291) (460) Santander Consumer Bank AG (500) — — Santander Factoring Sp. z o.o. (142) (920) (299) Banco Santander Totta, S.A. (62) (9) (784) Auto ABS French Lease Master Compartment 2016 — (900) — Exchange differences and other movements 1,105 4,694 (9,869) Balance at year-end 211,597 194,362 191,577 c) Notes and other securities The notes of the Group (see Note 22.a) 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 Banco Santander S.A. - Uruguay. d) Guarantees Set forth below is information on the liabilities secured by assets: EUR million 2022 2021 2020 Asset-backed securities 40,138 40,519 35,753 Of which, mortgage-backed securities 1,549 1,487 2,274 Other mortgage securities 43,650 41,779 49,425 Of which: mortgage-backed bonds 22,049 23,197 24,736 Territorial covered bond 352 630 869 84,140 82,928 86,047 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: includes asset-backed securities, notes issued by securitization funds collateralized mainly by mortgage loans that do not meet the above requirements and other loans (mainly personal loans with an average maturity of five years and loans to SMEs with average maturities of seven years) and private issues of Santander Consumer USA Holdings Inc collateralized by vehicles assigned under operating leases. 2. Other mortgage securities include mainly: a. 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. b. 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. Additionally, Banco Santander, S.A. issues internationalization certificates, which are securities whose capital and interest are guaranteed by loans and credits that are linked to the financing of export contracts or the internationalization of companies. These internationalization certificates have been fully repurchased by Banco Santander, S.A. 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) Mortgage-backed bonds The members of the board of directors state that Banco Santander operates in the field of issuances in the Spanish mortgage market, has and has established express policies and procedures that cover all the activities carried out and that guarantee strict compliance with the mortgage market regulations applicable to these activities for the purposes of the provisions of Bank of Spain Circular 4/2017. 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. Grupo Santander’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. Grupo Santander entities have specialised document comparison procedures and tools for verifying customer information and solvency (see note 53). Grupo Santander 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 Articles 18.1 and 21 of RDL 24/2021, 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 fully comply 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 currently required by Bank of Spain circular 4/2017: EUR million 2022 2021 2020 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) 80,946 83,088 76,554 Of which: Loans eligible to cover issues of mortgage-backed securities 65,779 64,896 57,382 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 9,769 11,133 17,610 The mortgage bonds issued by Banco Santander are securities that, without prejudice to the universal patrimonial responsibility of the issuer, and in accordance with the provisions of RDL 24/2021, are specially guaranteed, together with the rest of the issuer's obligations under a preferential right on all the assets that make up the Mortgage Bonds Coverage Set at any time without the need to affect said assets as collateral by means of a public deed, or any registration in any public registry or any other formality. The Mortgage Bonds Coverage Set is made up of: (i) admissible mortgage loans in accordance with the provisions of article 23 of RDL 24/2021, although it may also be made up of, likewise, (ii) admissible liquid assets in accordance with the contained in article 11 of RDL 24/2021, (iii) admissible substitution assets in accordance with the provisions of the third section of article 23 of RDL 24/2021 and (iv) admissible derivative instruments in accordance with the provisions of article 12 of the RDL 24/2021, in the quantity and with the characteristics provided for in RDL 24/2021. Mortgage bonds incorporate the credit right of their holder against the issuing entity, guaranteed in the manner indicated in the previous paragraph, and are accompanied by execution to claim payment from the issuer after its expiration. The holders of these titles have the character of singularly privileged creditors, with the preference currently indicated in numbers 8 of article 1,922 and 6 of article 1,923 of the Civil Code over any other creditors, in relation to all the assets that integrate the Mortgage Bonds Coverage Set. Pursuant to current regulations, all holders of the Issuer's covered bonds, regardless of their issuance date, will have the same priority over the assets included in the Mortgage Bonds Coverage Set. In the event of bankruptcy, holders of identity cards, as long as they are not considered 'persons specially related' to the issuing entity in accordance with Royal Legislative Decree 1/2020, of May 5, which approves the consolidated text of the Bankruptcy Law (the 'Bankruptcy Law'), would enjoy the special privilege established in number 7 of article 270 of the aforementioned Bankruptcy Law, which will only apply to the part of the bankruptcy credit that does not exceed the value of the guarantee (calculated in accordance with article 44 of RDL 24/2021). Pursuant to the provisions of said Chapter, in the event of bankruptcy of the Issuer, the coverage assets of the Mortgage Bonds Coverage Set individualized and identified in the special register where the Mortgage Bonds Coverage Set is segregated in accordance with the certification issued by the mortgage bond control body will be materially segregated from the issuer's equity and will form a separate equity that will operate in legal transactions represented by a special administrator. Once the segregation has been carried out, in accordance with the provisions of article 44.2 of RDL 24/2021, if the total value of the assets that make up each separate patrimony is greater than the total value of the liabilities guaranteed by said separate patrimony plus the legal over-guarantee, contractual or voluntary and the liquidity requirement, the special administrator may decide whether to continue with the current management of the corresponding separate equity until its maturity or make a total or partial assignment of the separate equity to another entity issuing guaranteed bonds. Otherwise, the special administrator will request the liquidation of said separate patrimony following the ordinary bankruptcy procedure. The request for liquidation of the separate patrimony will produce (a) the early maturity of all the issuer's securities guaranteed by the assets that make up the separate patrimony and (b) the beginning of the liquidation of the assets of the separate patrimony. With the amount obtained in the liquidation of the separate patrimony, after deducting the expenses and costs derived from the liquidation of the same, including the remuneration of the special administrator, the holders of the mortgage bonds and the counterparties of derivative contracts included in the Mortgage Bonds Coverage Set (if applicable), in proportion to their credits regardless of the age of the debt. If, once the liquidation of the separate equity has been completed or all its liabilities have expired, there is a remainder, this will correspond to the active mass of the issuer's bankruptcy. If, on the contrary, full satisfaction of the credit is not achieved, in accordance with the provisions of article 42.1 of RDL 24/2021, the unsatisfied part will be recognized in the issuer's bankruptcy with the same priority as that of the rights. of credit of the ordinary unsecured creditors of the issuer. Grupo Santander has a balance corresponding to mortgage bonds at December 31, 2022 of EUR 22,049 million (all of them issued in euros), which correspond to issues of Banco Santander, SA (with an outstanding face value of EUR 22,099 million). The individual annual accounts of this company detail the issues at 31 December of 2022 and 2021. The issuing entity may repay the mortgage bonds early, if this has been expressly established in the final conditions of the issue in question and in the conditions established there. None of the mortgage bonds issued by Banco Santander have replacement assets involved. |
Subordinated liabilities
Subordinated liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Subordinated liabilities [abstract] | |
Subordinated liabilities | Subordinated liabilities a) Breakdown The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows: 2022 EUR million Outstanding issue amount in foreign currency (million) Annual interest rate (%) Currency of issue 2022 2021 2020 Euro 12,940 13,857 13,570 12,940 3.40% US dollar 8,438 8,236 5,991 9,009 4.91% Pound sterling 1,358 1,535 565 1,204 4.18% Brazilian real 1,127 879 — 6,367 14.77% Other currencies 2,063 1,689 1,754 Balance at end of year 25,926 26,196 21,880 Note 50 contains a detail of the residual maturity periods of subordinated liabilities at each year-end. b) Changes The movement in the balance of subordinated liabilities in the last three years were as follows: EUR million 2022 2021 2020 Balance at beginning of year 26,196 21,880 21,062 Issuances A 119 5,340 4,075 Of which: Banco Santander - Chile 113 — 353 Banco Santander, S.A. — 4,469 3,722 Banco Santander (Brasil) S.A. — 871 — Redemptions and repurchases A (1,040) (1,500) (2,838) Of which: Banco Santander, S.A. (889) (1,500) (1,671) Santander UK plc (98) — (740) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (52) — — Santander UK Group Holdings plc — — (316) Santander Bank, National Association — — (111) Exchange differences and other movements 651 476 (419) Balance at end of year 25,926 26,196 21,880 A. The balance rel ating to issuances, redemption s and repurchases (EUR 921 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,251 million), is included in the cash flow from financing activities. c) Other disclosures This caption includes contingent convertible preferred participations, as well as other subordinated financial instruments issued by consolidated companies, which do not qualify as equity (preferred shares). Preferred shares do not have voting rights and are non-cumulative. They have been subscribed by third parties outside the Group, and except for the issues of Santander UK plc, the rest are redeemable by decision of the issuer, according to the terms of each issue. Banco Santander's contingently convertible preferred participations are subordinated debentures and rank after common creditors and any other subordinated credit that by law and/or by their terms, to the extent permitted by Spanish law, ranks higher than the contingently convertible preferred participations. Their remuneration is conditioned to the obtainment of sufficient distributable profits, and to the limitations imposed by the regulations on shareholders' equity, and they have no voting rights. The other issues of Banco Santander, S.A. mentioned in this caption are also subordinated debentures and, for credit ranking purposes, they rank behind all the common creditors of the issuing entities and ahead of any other subordinated credit that ranks pari passu with the Bank's contingently convertible preferred participations. The main issues of subordinated debt securities issued, broken down by company, are detailed below: Issues by Banco Santander, S.A. On July 6, 2022 and July 20, 2022, two subordinated issues matured for a nominal amount of EUR 114 million and EUR 25 million, respectively. At 25 April 2022, Banco Santander, S.A. proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1602466424 and common code 160246642 in circulation, for a total nominal amount of EUR 750 million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC'). At 22 November 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the tenth anniversary of the issue date, in the amount of USD 1,000 million (EUR 1,007 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 3.225%, payable semi-annually, for the first ten years (then repricing at a margin of 160 points over the one-year US government bond). At 4 October 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the sixth anniversary of the issue date, amounting to GBP 850 million (EUR 887 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 2.25%, payable annually for the first six years (then repricing at a margin of 165 points over the 5-year UK government bond). At 21 September 2021, Banco Santander, S.A. carried out a placement of preferential shares contingently convertible into newly issued ordinary shares of the Bank ('PPCC') for a nominal amount of EUR 1,000 million (issue placed on the market EUR 997 million). The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set at 3.625% per year for the first eight years, being reviewed every five years applying a margin of 376 basis points over the 5-year Mid-Swap Rate. At 11 September 2021, Banco Santander, S.A. proceeded to redeem early and voluntarily the entire issue made on 11 September 2014 of tier 1 contingently convertible preference shares (PPCC) with ISIN code XS110729154 which are traded in the Irish Stock Exchange Market 'Global Exchange Market', for a total nominal amount of EUR 1,500 million. At 12 May 2021, Banco Santander placed the issue of preference shares contingently convertible into newly issued ordinary shares of the Bank, previously announced, for a total nominal amount of EUR 1,578 million, issued in a Series in Dollars of USD 1,000 million (EUR 828 million at the exchange rate on the day of issue) and a Series in Euros for an amount of EUR 750 million. The issuance is carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set (i) for the Series in Dollars at 4.750% per annum for the first six years, being revised every five years applying a margin of 375.3 basis points over the 5-year UST rate and (ii) for the Series in Euros by 4.125% per annum for the first seven years, being revised every five years applying a margin of 431.1 basis points over the applicable 5-year euro mid-swap. At 3 December 2020, Banco Santander, S.A. issued subordinated debentures with a ten-year term of USD 1,500 million (EUR 1,222 million at the date of issue). The issue bears interest at an annual rate of 2.749%, payable semiannually. At 22 October 2020, it carried out a ten-year subordinated debenture issue for an amount of EUR 1,000 million. The issue bears interest at an annual rate of 1.625%, payable annually. At 12 March 2020, it proceeded to redeem early and voluntarily the entire outstanding issue of Tier 1 Contingently Convertible Preferred Participations Series I/2014, for a total nominal amount of EUR 1,500 million. At 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of EUR 1,500 million (the 'Issue' and the 'PPCCs'). The Issue was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 4.375% per annum for the first six years, revised every five years thereafter by applying a margin of 453.4 basis points over the 5-year Mid-Swap Rate (5-year Mid-Swap Rate). At 8 February 2019, Banco Santander, S.A, carried out an issue of PPCC for a nominal amount of USD 1,200 million (EUR 1,056 million). The remuneration of the issues whose payment is subject to certain conditions and is also discretionary was set at 7.50% per annum, for the first five years (revised thereafter by applying a margin of 498.9 points over the mid-swap rate). At 19 March 2018, a 'PPCC' issue was carried out, for a nominal amount of EUR 1,500 million. The remuneration of the issue, the payment of which is subject to certain conditions and is also discretionary, was set at 4.75% per annum, payable quarterly, for the first seven years (revised thereafter by applying a margin of 410 basis points over the Mid-swap rate). At 8 February 2018, a ten-year subordinated debenture issue of EUR 1,250 million was carried out. The issue accrues annual interest of 2.125% payable annually. At 29 September 2017, Banco Santander, S.A. carried out issues of 'PPCCs', for a nominal amount of EUR 1,000 million. The remuneration of the PPCC, the payment of which is subject to certain conditions and is also discretionary, was set at 5.25% per annum for the first six years (revised thereafter by applying a margin of 499.9 basis points over the 5 years Mid-Swap Rate. Issues by Banco Santander - Chile In January 2022, Banco Santander Chile carried out an issuance, in the local market, of subordinated obligations with a term of 6 years, for an amount of UF 3.3 million (equivalent to USD 105 million), which accrues an annual interest of 1.25%. In June 2020, Banco Santander - Chile issued subordinated debentures for a term of fifteen years, in the amount of UF 5 million (equivalent to USD 185 million). The issue bears annual interest at 3.5%. In April 2020, Banco Santander - Chile issued two subordinated debentures, the first for a term of fourteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3%, and the second for a term of nineteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3.15%. Issues Banco Santander (Brasil) S.A. At the end of November 2021, Banco Santander (Brasil) S.A. carried out an issue of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL 5,500 million. The issue price was CDI +2% per annum, payable at maturity. Issues by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México In January 2022, Banco Santander México, S.A. Multiple Institution, Grupo Financiero Santander México proceeded to redeem early a perpetual issue carried out at 30 December 2016 for a nominal amount of USD 500 million, of which 88.2% of the issue had been acquired by the Group. At 1 October 2018, a ten-year subordinated debenture issue was made by Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México for a nominal amount of USD 1,300 million and at an interest rate of 5.95%, with the group having acquired 75% of the issue. Issues by Santander Bank Polska S.A. At 20 April 2018, Santander Bank Polska S.A. carried out a ten-year subordinated debenture issue with a redemption option on the fifth anniversary of the issue date in the amount of PLN 1,000 million. The issue bears floating interest at Wibor (6M) + 160 basis points payable semi-annually. The accrued interests from the subordinated liabilities during 2022 amounted to EUR 992 million (EUR 648 million and EUR 571 million during 2021 and 2020, respectively). In addition, interests from the PPCC and PPCA during 2022 amounted to EUR 529 million (EUR 566 million and EUR 552million in 2021 and 2020, respectively). |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial liabilities [abstract] | |
Other financial liabilities | Other financial liabilities The detail of Other financial liabilities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Trade payables 1,563 1,475 1,177 Clearing houses 1,200 650 599 Tax collection accounts: Public Institutions 5,796 5,315 4,122 Factoring accounts payable 262 275 222 Unsettled financial transactions 5,429 3,779 5,080 Lease liabilities (note 2.l) 2,622 2,856 3,049 Other financial liabilities 20,187 15,523 12,719 37,059 29,873 26,968 Note 50 contains a detail of the residual maturity periods of other financial liabilities at each year-end. Lease liabilities The cash outflow of leases in 2022 was EUR 710 million (EUR 715 million and EUR 789 million in 2021 and 2020, respectively). The analysis of the maturities of lease liabilities at 31 December 2022, 2021 and 2020 is shown below: EUR million 2022 2021 2020 Maturity Analysis - Discounted payments Within 1 year 707 690 594 Between 1 and 3 years 1,005 933 981 Between 3 and 5 years 454 534 637 Later than 5 years 456 699 837 Total discounted payments at the end of the year 2,622 2,856 3,049 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Provisions | Provisions a) Breakdown The detail of Provisions in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Provision for pensions and other obligations post-employments 2,392 3,185 3,976 Other long term employee benefits 950 1,242 1,751 Provisions for taxes and other legal contingencies 2,074 1,996 2,200 Contingent liabilities and commitments (note 2) 734 733 700 Other provisions 1,999 2,427 2,225 Provisions 8,149 9,583 10,852 b) Changes The changes in 'Provisions' in the last three years were as follows: EUR million 2022 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,185 1,242 733 4,423 9,583 Incorporation of Group companies, net — — — — — Additions charged to income 128 69 (27) 1,876 2,046 Interest expense (note 39) 73 27 — — 100 Staff costs (note 46) 57 8 — — 65 Provisions or reversion of provisions (2) 34 (27) 1,876 1,881 Addition 10 105 618 3,484 4,217 Release (12) (71) (645) (1,608) (2,336) Other additions arising from insurance contracts linked to pensions (33) — — — (33) Changes in value recognised in equity 242 — — — 242 Payments to pensioners and pre-retirees with a charge to internal provisions (229) (363) — — (592) Insurance premiums paid (3) — — — (3) Payments to external funds (451) — — — (451) Amounts used — — — (2,817) (2,817) Transfer, exchange differences and other changes (447) 2 28 591 174 Balances at end of year 2,392 950 734 4,073 8,149 EUR million 2021 2020 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,976 1,751 700 4,425 10,852 6,358 1,382 739 5,508 13,987 Incorporation of Group companies, net — — — — — (5) — (1) (2) (8) Additions charged to income 100 101 29 2,748 2,978 (217) 782 50 1,934 2,549 Interest expense (note 39) 78 13 — — 91 84 11 — — 95 Staff costs (note 46) 67 6 — — 73 69 7 — — 76 Provisions or reversion of provisions (45) 82 29 2,748 2,814 (370) 764 50 1,934 2,378 Addition 21 154 473 3,065 3,713 6 787 490 2,258 3,541 Release (66) (72) (444) (317) (899) (376) (23) (440) (324) (1,163) Other additions arising from insurance contracts linked to pensions (8) — — — (8) 2 — — — 2 Changes in value recognised in equity (1,705) — — — (1,705) 547 — — — 547 Payments to pensioners and pre-retirees with a charge to internal provisions (201) (605) — — (806) (303) (408) — — (711) Benefits paid due to settlements — — — — — (1,551) — — — (1,551) Insurance premiums paid — — — — — (1) — — — (1) Payments to external funds (440) — — — (440) (333) — — — (333) Amounts used — — — (2,961) (2,961) — — — (2,485) (2,485) Transfer, exchange differences and other changes 1,463 (5) 4 211 1,673 (521) (5) (88) (530) (1,144) Balances at end of year 3,185 1,242 733 4,423 9,583 3,976 1,751 700 4,425 10,852 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: EUR million 2022 2021 2020 Provisions for post-employment plans - Spanish entities 1,245 1,709 1,881 Provisions for other similar obligations - Spanish entities 895 1,188 1,695 Of which pre-retirements 884 1,176 1,676 Provisions for post-employment plans - United Kingdom 29 44 449 Provisions for post-employment plans - Other subsidiaries 1,118 1,432 1,646 Provisions for other similar obligations - Other subsidiaries 55 54 56 Provision for pensions and other obligations post -employments and Other long term employee benefits 3,342 4,427 5,727 Of which defined benefits 3,335 4,419 5,719 i. Spanish entities - Post-employment plans and other similar obligations At 31 December 2022, 2021 and 2020, 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 December 2020, Banco Santander reached an agreement with the workers' representatives to implement an early retirement and incentivized dismissals plan, which was expected to benefit 3,572 employees during 2021, constituting a provision to cover these commitments amounting to EUR 688 million. In addition to this plan, in 2020, 443 employees took advantage of the offer of early retirement and incentivized dismissals, increasing the provision made to cover these commitments to EUR 84 million. In 2021, to complete the plan announced in 2020, an amount of EUR 139 million was recognised, increasing the number of early retirements and incentivized dismissals plan to 3,915 employees in the total period. In 2022, the provision made to cover the commitments with 446 employees covered by early retirement plans and incentivized dismissals plan amounted to EUR 92 million. In December 2019, Banco Santander reached an agreement with the workers' representatives to offer during 2020 to part of its passive personnel, the possibility of receiving the pensionable rights derived from the collective bargaining agreement in the form of a single consideration or divided into a maximum of 5 equal annuities. The proposal was also extended to personnel with pensionable rights recognized under individual contracts or agreements. The number of beneficiaries who exercised the voluntary option of accepting the substitution of the life annuity for the payment of a lump sum in the form of a capital sum or in instalments of a maximum of 5 annuities amounted to 15,613 people. The effect of the reduction of the aforementioned commitments is shown in the tables below under the headings 'Benefits paid in settlement' in the amount of EUR 1,551 million and 'Effect of reduction/settlement' in the amount of EUR 362 million. On 8 July 2021, Banco Santander reached an agreement with the employee representatives for the transformation of defined benefit pension commitments into defined contributions for certain retired personnel from Banco Popular and Banco Pastor. Through the aforementioned Collective Agreement, it was agreed to carry out an offer to replace the life annuities that the passive personnel included in the scope of application of said Collective Agreement had been receiving, for a capitalization fund in the Santander Employees pension plan. The number of beneficiaries who exercised the voluntary option to accept the substitution of the life annuity for a capitalization fund in the Santander Employees pension plan amounted to 1,468 people. The effect of the reduction of the aforementioned commitments is shown in the tables below under the headings 'Benefits paid by settlement' amounting to EUR 166 million and 'Effect reduction / settlement' amounting to EUR 38 million. The expenses incurred by the Spanish companies in 2022, 2021 and 2020 in respect of contributions to defined contribution plans amounted to EUR 101 million, EUR 91 million and EUR 89 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 2022 2021 2020 2022 2021 2020 Annual discount rate 3.80 % 0.90 % 0.60 % 3.80 % 0.90 % 0.60 % Mortality tables PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 Cumulative annual CPI growth 2.00 % 1.00 % 1.00 % 2.00 % 1.00 % 1.00 % Annual salary increase rate 1.25% A 1.25% A 1.25% A N/A N/A N/A Annual social security pension increase rate 2.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % 0 % 0 % A. 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) matching the durations of the commitments. From the bond portfolio considered, callable, putable and sinkable bonds, which could distort the rates, are excluded. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2022, if the discount rate used had been decreased or increased by 50 basis points (bp), there would have been an increase or decrease in the present value of the post-employment obligations of 3.80% (-50 bp) to -3.60% (+50 bp),respectively, and an increase or decrease in the present value of the long-term obligations of 1.04% (-50 bp) to -1.02% (+50 bp), 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 2022 2021 2020 2022 2021 2020 Expected rate of return on plan assets 3.80 % 0.90 % 0.60 % 3.80 % 0.90 % 0.60 % Expected rate of return on reimbursement rights 3.80 % 0.90 % 0.60 % N/A N/A N/A The funding status of the defined benefit obligations in 2022 and the two preceding years is as follows: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Present value of the obligations To current employees 25 29 60 — — — Vested obligations to retired employees 2,005 2,797 3,318 — — — To pre-retirees employees — — — 892 1,186 1,688 Long-service bonuses and other benefits — — — 11 12 18 Other 46 65 41 — — 1 2,076 2,891 3,419 903 1,198 1,707 Less - Fair value of plan assets 861 1,217 1,542 8 10 12 Provisions - Provisions for pensions 1,215 1,674 1,877 895 1,188 1,695 Of which: Internal provisions for pensions 1,141 1,560 1,707 895 1,188 1,695 Net pension assets (24) (30) — — — — Insurance contracts linked to pensions (note 14) 104 149 174 — — — Unrecognised net assets for pensions (6) (5) (4) — — — The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Current service cost 3 5 10 1 1 1 Interest cost (net) 48 24 26 25 11 9 Expected return on insurance contracts linked to pensions (4) (1) (1) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — (67) (15) (3) Past service cost 2 13 2 — — — Pre-retirement cost — — — 92 139 772 Other A (8) (39) (372) — (55) (15) 41 2 (335) 51 81 764 A. Including reduction/settlement effect In addition, in 2022 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' has decreased by EUR 295 million with respect to defined benefit obligations (decrease of EUR 37 and increase of EUR 84 million in 2021 and 2020, respectively). The changes in the present value of the accrued defined benefit obligations were as follows: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Present value of the obligations at beginning of year 2,891 3,419 5,494 1,198 1,707 1,335 Incorporation of Group companies, net — 6 — — — — Current service cost 3 5 10 1 1 1 Interest cost 78 36 39 25 11 9 Pre-retirement cost — — — 92 139 772 Effect of curtailment/settlement (8) (61) (372) — (55) (15) Benefits paid (258) (248) (359) (346) (589) (392) Benefits paid due to settlements — (166) (1,551) — — — Past service cost 2 13 2 — — — Actuarial (gains)/losses (631) (121) 163 (68) (15) (3) Demographic actuarial (gains)/losses 2 9 91 (5) (8) (8) Financial actuarial (gains)/losses (633) (130) 72 (63) (7) 5 Exchange differences and other items (1) 8 (7) 1 (1) — Present value of the obligations at end of year 2,076 2,891 3,419 903 1,198 1,707 The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows: Plan Assets EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Fair value of plan assets at beginning of year 1,217 1,542 1,547 10 12 14 Incorporation of Group companies, net — 6 — — — — Expected return on plan assets 30 12 13 — — — Gains/(losses) on settlements — (22) — — — — Benefits paid (78) (263) (94) (2) (2) (2) Contributions/(surrenders) 2 15 5 — — — Actuarial gains/(losses) (303) (76) 76 (1) — — Exchange differences and other items (7) 3 (5) 1 — — Fair value of plan assets at end of year 861 1,217 1,542 8 10 12 Insurance Contracts linked to pensions EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Fair value of insurance contracts linked to pensions at beginning of year 149 174 192 — — — Incorporation of Group companies, net — — — — — — Expected return on insurance contracts linked to pensions 4 1 1 — — — Benefits paid (16) (19) (21) — — — Paid premiums — 1 — — — — Actuarial gains/(losses) (33) (8) 2 — — — Fair value of insurance contracts linked to pensions at end of year 104 149 174 — — — In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group will not make material current contributions in Spain in 2023 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 2022 for the next ten years: EUR million 2023 498 2024 426 2025 358 2026 307 2027 251 2028 to 2032 807 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 77 million in 2022 (EUR 89 million in 2021 and EUR 91 million in 2020). 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: 2022 2021 2020 Annual discount rate 4.88% 1.90% 1.28% Mortality tables The S3 Middle tables weighted at 84% of the CMI_2021 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%. The S3 Middle tables weighted at 84% of the CMI_2020 projection with an initial addition of 0.15%, smoothing parameter 7 and improving 1.25%. The S3 Middle tables weighted at 84% of the CMI_2018 projection with an initial addition of 0.15%, smoothing parameter 7 and improving 1.25%. Cumulative annual CPI growth 3.11% 3.37% 2.95% Annual salary increase rate 1.00% 1.00% 1.00% Annual pension increase rate 2.98% 3.21% 2.85% 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 2022, 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 7.05% (-50 bp) and -6.31% (+50 bp), 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 4.72% (+50 bp) and -4.60% (-50 bp), 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 2022 and the two preceding years is as follows: EUR million 2022 2021 2020 Present value of the obligations 8,982 15,392 15,472 Less- Fair value of plan assets 10,152 17,244 15,575 Provisions - Provisions for pensions (1,170) (1,852) (103) Of which: Internal provisions for pensions 29 44 449 Net assets for pensions (1,199) (1,896) (552) The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million 2022 2021 2020 Current service cost 30 33 30 Interest cost (net) (37) (6) (12) Provisions or reversal of provisions, net Cost of services provided — 6 — Others — — (1) (7) 33 17 In addition, in 2022 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' increased by EUR 857 million with respect to defined benefit obligations (decrease of EUR 1,475 million and increase of EUR 568 million in 2021 and 2020, respectively). The changes in the present value of the accrued defined benefit obligations were as follows: EUR million 2022 2021 2020 Present value of the obligations at beginning of year 15,392 15,472 14,297 Current service cost 30 33 30 Interest cost 283 219 284 Benefits paid (487) (465) (445) Contributions made by employees 9 18 17 Past service cost — 6 — Actuarial (gains)/losses (5,660) (933) 2,060 Demographic actuarial (gains)/losses (144) (17) 34 Financial actuarial (gains)/losses (5,516) (916) 2,026 Exchange differences and other items (585) 1,042 (771) Present value of the obligations at end of year 8,982 15,392 15,472 The changes in the fair value of the plan assets were as follows: EUR million 2022 2021 2020 Fair value of plan assets at beginning of year 17,244 15,575 14,755 Expected return on plan assets 320 225 296 Benefits paid (487) (463) (443) Contributions 262 285 274 Actuarial gains/(losses) (6,517) 541 1,492 Exchange differences and other items (670) 1,081 (799) Fair value of plan assets at end of year 10,152 17,244 15,575 In 2023 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2022. The main categories of plan assets as a percentage of total plan assets are as follows: 2022 2021 2020 Equity instruments — 10 % 9 % Debt instruments 51 % 51 % 55 % Properties 13 % 10 % 10 % Other 36 % 29 % 26 % The following table shows the estimated benefits payable at 31 December 2022 for the next ten years: EUR million 2023 471 2024 408 2025 432 2026 457 2027 481 2028 to 2032 2,632 iii. Other foreign subsidiaries Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits. At 31 December 2022, 2021 and 2020, 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 118 million in 2022 (EUR 106 million at 31 December 2021 and EUR 103 million at 31 December 2020). 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 9.44% and 9.64%, the CPI 3.00% and the mortality table the AT-2000 Basic. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2022, 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 4.27% (-50 bp) and -3.95% (+50 bp), 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 2022 and the two preceding years is as follows: EUR million 2022 Of which business in Brazil 2021 2020 Present value of the obligations 7,578 5,185 8,018 8,434 Less- Of which: with a charge to the participants 107 107 106 112 Fair value of plan assets 7,321 5,710 7,167 7,182 Provisions - Provisions for pensions 150 (632) 745 1,140 Of which: Internal provisions for pensions 1,166 314 1,478 1,694 Net assets for pensions (122) (52) (64) (83) Unrecognised net assets for pensions (894) (894) (669) (471) The amounts recognised in the consolidated income statements in relation to these obligations are as follows: EUR million 2022 2021 2020 Current service cost 31 34 35 Interest cost (net) 64 62 72 Provisions or reversion of provisions (Actuarial gains)/losses recognised in the year 8 11 11 Past service cost 8 3 5 Pre-retirement cost — (24) — Other (3) (3) (5) 108 83 118 In addition, in 2022 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' decreased by EUR 320 million with respect to defined benefit obligations (decreased EUR 193 million and EUR 105 million in 2021 and 2020, respectively). The changes in the present value of the accrued obligations were as follows: EUR million 2022 2021 2020 Present value of the obligations at beginning of year 8,018 8,434 10,717 Incorporation of Group companies, net — (5) (84) Current service cost 31 34 35 Interest cost 546 429 465 Pre-retirement cost — (24) — Effect of curtailment/settlement (3) (3) (5) Benefits paid (653) (538) (544) Benefits paid due to settlements (179) — — Contributions made by employees 5 3 3 Past service cost 8 3 5 Actuarial (gains)/losses (876) (486) 176 Demographic actuarial (gains)/losses 5 16 23 Financial actuarial (gains)/losses (881) (502) 153 Exchange differences and other items 681 171 (2,334) Present value of the obligations 7,578 8,018 8,434 The changes in the fair value of the plan assets were as follows: EUR million 2022 2021 2020 Fair value of plan assets at beginning of year 7,167 7,182 8,826 Incorporation of Group companies, net — (6) (86) Expected return on plan assets 570 411 410 Benefits paid (766) (478) (488) Contributions 198 152 63 Actuarial gains/(losses) (498) (155) 536 Exchange differences and other items 650 61 (2,079) Fair value of plan assets at end of year 7,321 7,167 7,182 In 2023 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2022. The main categories of plan assets as a percentage of total plan assets are as follows: 2022 2021 2020 Equity instruments 11 % 12% 11% Debt instruments 83 % 83% 84% Properties 1 % 1% 1% Other 5 % 4% 4% The following table shows the estimated benefits payable at 31 December 2022 for the next ten years: EUR million 2023 602 2024 610 2025 620 2026 626 2027 632 2028 to 2032 3,228 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: EUR million 2022 2021 2020 Recognised by Spanish companies 1,768 1,595 1,647 Recognised by other EU companies 328 779 539 Recognised by other companies 1,977 2,049 2,239 Of which: Brazil 1,243 1,339 1,475 4,073 4,423 4,425 Set forth below is the detail, by type of provision, of the balance at 31 December 2022, 2021 and 2020 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: EUR million 2022 2021 2020 Provisions for taxes 679 564 600 Provisions for employment-related proceedings (Brazil) 301 328 437 Provisions for other legal proceedings 1,094 1,104 1,163 Provision for customer remediation 349 745 395 Regulatory framework-related provisions 19 36 69 Provision for restructuring 641 749 810 Other 990 897 951 4,073 4,423 4,425 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 Grupo Santander 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, as well as 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 those related to the banking tax in Poland and Bank Levy in United Kingdom. The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies. Lastly, the Other heading contains very atomized and individually insignificant provisions, such as the provisions to cover the operational risk of the different offices of the Group. Qualitative information on the main litigation is provided in Note 25 e to the consolidated financial statements. The Group's general policy is to record provisions for tax and legal proceedings in which the Group assesses the chances of loss to be probable and the Group does not record provisions when the chances of loss are possible or remote. Grupo Santander determines the amounts to be provided for as its 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 2022 of the breakdown provisions are shown below: With respect to provisions for labor and other legal proceedings, in Brazil, provisions of EUR 174 million and EUR 161 million were recorded, making payments of EUR 241 million and EUR 252 million, respectively. With respect to provisions for customer compensation, and based on the best information available, the gross amount of mortgage loans denominated and indexed to foreign currencies in Poland has been adjusted, in accordance with IFRS 9, by the new estimated cash flows, as described in Note 25.e. On the regulatory framework side, EUR 53 million were provisioned in the United Kingdom and a utilization of EUR 70 million was made in the year (Bank Levy). In addition, in Poland, EUR 161 million were recorded under the regulatory framework and paid during the year. In December 2022, Santander UK plc paid a EUR 127 million financial penalty to settle the Financial Conduct Authority's (FCA) enforcement investigation into the anti-money laundering systems and controls in the Business Banking division in the period between 31 December 2012 and 18 October 2017. This settlement concluded the FCA’s investigation. e) Litigation and other matters i. Tax-related litigation At 31 December 2022 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 Programa de Integraçao Social (PIS) and Contribuição para Financiamento da Seguridade Social (COFINS), 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 and 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 (Imposto sobre a Renda das Pessoas Jurídicas - IRPJ - and Contribuçao Social sobre o Lucro Liquido -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 the administrative Court, the Conselho Adminisitrativo de Recursos Fiscais (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 Va |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous liabilities [abstract] | |
Other liabilities | Other liabilities The detail of Other liabilities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Transactions in transit 457 545 498 Accrued expenses and deferred income 8,445 7,084 6,309 Other 5,707 5,069 5,529 14,609 12,698 12,336 |
Tax matters
Tax matters | 12 Months Ended |
Dec. 31, 2022 | |
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 returns in accordance with the tax regulations applicable to them. b) Years open for review by the tax authorities In June and November 2021 Spanish tax authorities formalized acts with agreement, conformity and non-conformity relating to the corporate income tax financial years 2012 to 2015. The adjustments signed in conformity and with agreement had not 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 2011), 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, as there are sound arguments as proof in the appeals filed against them pending at the National Appellate Court (tax years 2003 to 2011) and at the Central Economic Administrative Court (tax years 2012-2015). Consequently, no provision has been recorded for this concept. It should also be noted that, in those cases where it has been considered appropriate, the mechanisms available to avoid international double taxation have been used. At the date of approval of these consolidated annual accounts, the Corporate Income Tax and other taxes audit for periods 2017 to 2019 are ongoing, and subsequent years up to and including 2022, 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 rest of years subject to review 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 materialize, and that in any event the tax charge arising therefrom would not materially affect the Group’s consolidated financial statements. 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: EUR million 2022 2021 2020 Consolidated profit (loss) before tax: From continuing operations 15,250 14,547 (2,076) From discontinued operations — — — 15,250 14,547 (2,076) Income tax at tax rate applicable in Spain (30%) 4,575 4,364 (623) By the effect of application of the various tax rates applicable in each country A 61 210 362 Of which: Brazil 472 634 560 United Kingdom (161) (158) (43) United States (99) (179) (71) Chile (30) (34) (24) Poland (101) — — Effect of profit or loss of associates and joint ventures (210) (130) 29 Effect of reassessment of deferred taxes — 9 2,500 Permanent differences B 60 441 3,364 Current income tax 4,486 4,894 5,632 Effective tax rate 29.42% 33.64 % — Of which: Continuing operations 4,486 4,894 5,632 Discontinued operations — — — Of which: Current taxes 4,272 3,799 4,214 Deferred taxes 214 1,095 1,418 Income tax (receipts)/payments 5,498 4,012 2,946 A. 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. B. In 2020 it includes mainly the impairment of goodwill. 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 2022, 2021 and 2020: EUR million 2022 2021 2020 Other comprehensive income Items not reclassified to profit or loss 49 (510) (82) Actuarial gains or (-) losses on defined benefit pension plans 96 (530) (165) Changes in the fair value of equity instruments measured at fair value through other comprehensive income (19) (13) 92 Financial liabilities at fair value with changes in results attributable to changes in credit risk (26) 33 (9) Other recognised income and expense of investments in subsidiaries, joint ventures and associates (2) — — Items that may be reclassified to profit or loss 1,522 1,136 208 Cash flow hedges 912 278 5 Changes in the fair value of debt instruments through other comprehensive income 661 857 195 Other recognised income and expense of investments in subsidiaries, joint ventures and associates (51) 1 8 Total 1,571 626 126 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. In accordance with the Basel III legal framework included in European law through Directive 2013/36 (CRD IV) and EU Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), and subsequently amended by EU Regulation 2019/876 of the European Parliament and of the Council, deferred tax assets which use does not rely on obtaining future profits (referred to hereinafter as 'monetizable tax assets') generated before 23 November 2016 are exempt from deduction from regulatory capital. The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Monetizable A Other Monetizable A Other Monetizable A Other Tax assets 10,660 10,127 10,473 8,967 10,721 8,525 Tax losses and tax credits — 1,778 — 1,249 — 1,093 Temporary differences 10,660 8,349 10,473 7,718 10,721 7,432 Of which: Non-deductible provisions — 2,182 — 2,256 — 2,139 Valuation of financial instruments — 1,535 — 600 — 483 Loan losses 7,696 1,232 6,888 988 7,134 1,007 Pensions 2,964 560 3,585 669 3,587 875 Valuation of tangible and intangible assets — 1,270 — 1,509 — 1,373 Tax liabilities — 6,428 — 6,462 — 5,933 Temporary differences — 6,428 — 6,462 — 5,933 Of which: Valuation of financial instruments — 1,792 — 1,419 — 1,791 Valuation of tangible and intangible assets — 3,169 — 3,081 — 2,311 Investments in Group companies — 359 — 337 — 440 A. Banco Popular Español, S.A.U. considered that part of its monetizable assets were converted into credit against the Tax Administration in 2017 Income Tax return, as the circumstances which determined such conversion were met at the end of that year (EUR 995 million). The Spanish tax authorities have expressly confirmed the nature of these assets as monetizables, but they considered that conditions for conversion were not met at the end of 2017, without prejudice to the conversion in future years. The Tax Administration position is being discussed at the Courts. Besides, due to losses incurred in 2020, the Consolidated Tax Group in Spain converted EUR 642 million of monetizable tax assets into credit against the Tax Administration in its corporate income tax return. Grupo Santander 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 directors. 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 behaviour 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. During 2020, taking into account the uncertainties about the economic impacts derived from the covid-19 health crisis, the Group reassessed the ability to generate future taxable income in relation to the recoverability of deferred tax assets recorded in the main Group companies. Management considered that the recovery period of these assets would not be affected and that it was not necessary to make adjustments to the deferred tax assets recognised in the Group on the basis of the results of the analyses performed, except in Spain, where the changes in the key assumptions on which the projected results of its tax group are based, arising from the impact of covid-19, resulted in the recognition of an impairment of EUR 2,500 million of deferred tax assets under 'Income Tax' in the income statement. Finally, and given the degree of uncertainty of these assumption on the referred variables, 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 making reasonable changes to the key assumptions, mainly by adjusting 50 basis points for growth (gross domestic product) and adjusting 50 basis points for inflation. 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 9,455 million, of which EUR 6,777 million were for monetizable temporary differences with the right to conversion into a credit against the Public Finance, EUR 1,847 million for other temporary differences and EUR 830 million for tax losses and credits. Brazil The deferred tax assets recognised in Brazil total EUR 6,461 million, of which EUR 3,759 million were for monetizable temporary differences, EUR 1,950 million for other temporary differences and EUR 752 million for tax losses and credits. United States The deferred tax assets recognised in the United States total EUR 1,578 million, of which EUR 1,398 million were for temporary differences and EUR 180 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits in the different jurisdictions will be recovered in a maximum period of 15 years. The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows: EUR million Balances at 31 December 2021 (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 2022 Deferred tax assets 19,440 273 376 697 1 20,787 Tax losses and tax credits 1,250 211 317 — — 1,778 Temporary differences 18,190 62 59 697 1 19,009 Of which monetizable 10,473 507 (320) — — 10,660 Deferred tax liabilities (6,462) (487) (149) 684 (14) (6,428) Temporary differences (6,462) (487) (149) 684 (14) (6,428) 12,978 (214) 227 1,381 (13) 14,359 EUR million Balance at 31 December 2020 (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) Balance at 31 December 2021 Deferred tax assets 19,246 (209) 193 209 1 19,440 Tax losses and tax credits 1,093 129 28 — — 1,250 Temporary differences 18,153 (338) 165 209 1 18,190 Of which monetizable 10,721 (273) 25 — — 10,473 Deferred tax liabilities (5,933) (886) (170) 528 (1) (6,462) Temporary differences (5,933) (886) (170) 528 (1) (6,462) 13,313 (1,095) 23 737 0 12,978 EUR million Balances at 31 December 2019 (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) Balance at 31 December 2020 Deferred tax assets 22,758 (1,016) (2,465) 38 (69) 19,246 Tax losses and tax credits 3,427 (2,065) (266) — (3) 1,093 Temporary differences 19,331 1,049 (2,199) 38 (66) 18,153 Of which monetizable 11,233 613 (1,125) — — 10,721 Deferred tax liabilities (6,522) (402) 851 156 (16) (5,933) Temporary differences (6,522) (402) 851 156 (16) (5,933) 16,236 (1,418) (1,614) 194 (85) 13,313 Also, the Group did not recognise deferred tax assets relating to tax losses and deductions and other incentives amounting to approximately EUR 10,800 million the use of which EUR 490 million is subject, among other requirements, to time limits. f) Tax reforms The following significant tax reforms were approved in 2022 and previous years: In Spain, in 2020 the General State Budget Law for 2021 established, among other tax measures, the non deductibility in Corporation Tax of management fees on participations whose dividends or capital gains are exempt, determining the amount of these expenses as a 5% of the dividends or capital gains. Likewise in 2021 the General State Budget Law for 2022 was approved. This law establishes a minimum effective tax rate of 15% (18% for financial entities) on Corporation Tax base. In addition, during 2022, Law 38/2022 established a new temporary levy on credit institutions and financial credit institutions for fiscal years 2023 and 2024. The levy will be calculated as 4.8% of net interest and fees earned in the business carried out in Spain in the precedent year and the payment obligation will arise on the first day of each period. Additionally, this law also established a 50% limitation on the integration of negative individual taxable bases into the consolidated tax group’s tax base. This limitation is expected to be in force only in 2023, with a 10 year deadline for the reversal of this positive adjustment. In the United Kingdom, the Budget Act for 2021 increased the main Corporation Tax rate from 19% to 25% with effect from 1 April 2023. In addition, and also with effect from 1 April 2023, the Bank Surcharge tax rate was reduced from 8% to 3%, so the corporate tax rate for banks is set at 28%. In Brazil, Provisional Measure 1.115/2022 and the subsequent Law 14,446, established a temporary increase from 31 August 2022 to 31 December 2022 in the rate of contribution on net income (CSLL) of banks from 20% to 21% and for other financial institutions, from 15% to 16% . This increase lifted the aggregate tax rate -sum of CSLL and the corporate income tax (IRPJ)- for banks to 46% (25% for income tax and 21% for CSLL), and 41% for other financial institutions. In addition, Law 14,467/2022, with effect from 2025, amends the rules on the tax deductibility of credit provisions in financial institutions, bringing those rules closer to the accounting recognition criterion. In the tax on financial operations (IOF) as of 1 January 2021, the rate of 0,38% on credit operations was reinstated (0% for part of 2020), and for settled transactions from 20 September to 31 December 2021, a temporary increase in the IOF rates applicable for credit transactions was approved (annual rate 1.5% to 2.04% for legal persons and 3% to 4.08% for natural persons). In 2022 Decree 10.997/2022 has established the reduction to 0% of the IOF applicable to foreign financing and lending transactions, regardless of the term of the transaction, as from 21 March 2022, and a gradual reduction in the rates applicable to foreign exchange transactions until their reduction to 0% as from 2 January 2029. In the United States, during 2022, the Inflation Reduction Act (IRA) has been approved, which, among other measures, imposes a minimum taxation on the accounting performance of certain large companies, through the introduction of a new Alternative Minimum Tax (AMT) as of 2023, calculated by applying a rate of 15% on the profit determined on the basis of the adjusted financial statements. The amount to be paid is deductible in future years from the tax rate of ordinary corporation tax. In Chile, Law n.º 21,210 on modernization of Chilean tax law was enacted in 2020. It includes several modifications to different tax laws in force in Chile. Among the aspects included, it is worth highlighting the substitute tax that on a temporary basis until 30 April 2022 allows taxing at 30% (instead of the generally applicable 35%) with a credit of the first category tax paid, the tax profits generated up to the 31 December 2016, reducing the fiscal cost of its distribution and other measures about asset depreciation and indirect taxes. On 22 December 2022, the European Commission approved Directive 2022/2523 ensuring a minimum effective tax rate for the global activities of large multinational groups. The Directive that follows closely the OECD Inclusive Framework on Base Erosion and Profit Shifting should be transposed by the Member States throughout 2023, entering into force on 1 January 2024. 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 2022/23. 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. |
Non-controlling interests
Non-controlling interests | 12 Months Ended |
Dec. 31, 2022 | |
Non-Controlling Interests [Abstract] | |
Non-controlling interests | Non-controlling interestsNon-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: EUR million 2022 2021 2020 Santander Bank Polska S.A. 1,603 1,559 1,676 Grupo PSA 1,728 1,543 1,622 Santander Consumer USA Holdings Inc. — 1,255 986 Banco Santander - Chile 1,317 1,042 1,218 Banco Santander (Brasil) S.A. 1,210 1,023 1,014 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 251 202 461 Other companies A 1,213 1,970 1,806 7,322 8,594 8,783 Profit/(Loss) for the year attributable to non-controlling interests 1,159 1,529 1,063 Of which: Santander Consumer USA Holdings Inc. — 494 201 Grupo PSA 323 311 255 Banco Santander - Chile 280 292 198 Banco Santander (Brasil) S.A. 259 251 233 Santander Bank Polska S.A. 196 75 81 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 42 62 61 Other companies 59 44 34 TOTAL 8,481 10,123 9,846 A. Includes perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of Santander UK plc. During 2022, three issues were redeemed early for a nominal amount of GBP 1,700 million (EUR 1,977 million) of which the Group had repurchased GBP 1,050 million (EUR 1,221 million). At year-end, the outstanding balance on these equity instruments amounted to GBP 500 million (EUR 564 million) (EUR 1,363 million and EUR 1,275 million in 2021 and 2020, respectively). b) Changes The changes in Non-controlling interests are summarised as follows: EUR million 2022 2021 2020 Balance at the end of the previous year 10,123 9,846 10,588 Balance at beginning of year 10,123 9,846 10,588 Other comprehensive income 248 (304) (818) Other (1,890) 581 76 Profit attributable to non-controlling interests 1,159 1,529 1,063 Modification of participation rates A (1,811) (390) (632) Change of perimeter 31 (5) (54) Dividends paid to minority shareholders (500) (648) (465) Changes in capital and other concepts B (769) 95 164 Balance at end of year 8,481 10,123 9,846 A. Include the effects of the purchase of shares of Santander Holdings USA, Inc. on Santander Consumer USA Holdings Inc. that occurred in 2022 and of the public offer for the acquisition of shares of Banco Santander México, SA, Institución de Multiple Banking, Grupo Financiero Santander México that occurred in 2021 (see note 3.b). B. Includes the effect of the amortization of AT1 UK by EUR 756 million. 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 2022 is summarised below: EUR million A Santander Bank Polska S.A. Banco Santander (Brasil) S.A. Banco Santander - Chile Grupo Financiero Santander México, S.A.B. de C.V. Santander Consumer USA Total assets 52,665 184,165 78,425 92,636 40,681 Total liabilities 47,506 168,627 72,845 84,416 30,130 Net assets 5,159 15,538 5,580 8,220 10,551 Total income 2,474 12,910 2,449 4,623 4,300 Total profit 542 2,822 956 1,257 1,407 A. Information prepared in accordance with the segment reporting criteria described in note 51 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, 2022 | |
Disclosure Of Other Comprehensive Income [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 EUR million 2022 2021 2020 Other comprehensive income (35,628) (32,719) (33,144) Items that will not be reclassified to profit or loss (4,635) (4,241) (5,328) Actuarial gains and losses on defined benefit pension plans (3,945) (3,986) (5,002) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates 10 (8) (2) Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (672) (157) (308) 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) 293 275 159 Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (293) (275) (159) Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (28) (90) (16) Items that may be reclassified to profit or loss (30,993) (28,478) (27,816) Hedges of net investments in foreign operations (Effective portion) (6,750) (4,283) (3,124) Exchange differences (20,420) (23,887) (26,911) Hedging derivatives. Cash flow hedges (Effective portion) (2,437) (276) 295 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (1,002) 436 2,411 Hedging instruments (items not designated) — — — Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (384) (468) (487) 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 (increase of EUR 56 million in the year) is shown in the consolidated statement of recognised income. The endowment against equity in 2022 amounts to EUR 242 million - see note 25.b -, with the following breakdown: • Reduction of EUR 295 million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate -increase from 0.90% to 3.80%. • Reduction of EUR 171 million in the accumulates actuarial losses relating to the Group's entities in Germany, mainly due to the evolution experienced by the discount rate -increase from 1.45% to 4.21%. • Reduction of EUR 113 million in the accumulates actuarial losses relating to the Group's entities in Portugal, mainly due to the evolution experienced by the discount rate -increase from 1.10% to 3.70%. • Increase of EUR 857 million in the cumulative actuarial losses relating to the Group´s businesses in the UK, mainly due to the evolution of the asset portfolio and inflation in the short term. These actuarial losses have been partially offset in the obligations due to the evolution of the discount rate– increase from 1.90% to 4.88%- and inflation in the long term -reduction from 3.37% to 3.11%. • Reduction of EUR 39 million in accumulated actuarial losses corresponding to the Group’s business in Brazil, mainly due to the increase in the discount rate -increase from 8.39% to 9.44% in the main pension benefits and 8.44% to 9.46% in the main medical benefit. • Increase of EUR 3 million in the accumulated actuarial losses corresponding to the Group's businesses in other geographical areas. The other modification in accumulated actuarial profit or losses is a reduction of EUR 186 million as a result of the evolution of exchange rates and other movements. 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 Since 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. The following is a breakdown of the composition of the balance as of 31 December 2022, 2021 and 2020 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: EUR million 2022 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 30 (926) (896) 500 International Rest of Europe 84 (60) 24 225 United States 15 — 15 29 Latin America and rest 244 (59) 185 1,187 373 (1,045) (672) 1,941 Of which: Publicly listed 246 (113) 133 1,200 Non publicly listed 127 (932) (805) 741 EUR million 2021 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 25 (663) (638) 759 International Rest of Europe 39 (58) (19) 170 United States 13 (4) 9 31 Latin America and rest 496 (5) 491 1,493 573 (730) (157) 2,453 Of which: Publicly listed 500 (44) 456 1,521 Non publicly listed 73 (686) (613) 932 EUR million 2020 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 28 (849) (821) 1,032 International Rest of Europe 65 (76) (11) 314 United States 7 (4) 3 25 Latin America and rest 525 (4) 521 1,412 625 (933) (308) 2,783 Of which: Publicly listed 525 (31) 494 1,424 Non publicly listed 100 (902) (802) 1359 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 change in 2022 reflects the positive effect of the appreciation of the Brazilian real, the US dollar and the Mexican peso and the negative effect of the depreciation of the pound sterling whereas the change in 2021 reflected the positive effect of the generalized appreciation of the main currencies, especially the Brazilian real, the pound sterling, the US dollar and the Mexican peso. The change in 2020 reflected the negative effect of the generalized depreciation of the main currencies, especially the Brazilian real, the pound sterling and the US dollar. Of the change in the balance in these years, a profit of EUR 496 million, a profit of EUR 167 million and a loss of EUR 2,104 million in 2022, 2021 and 2020, respectively relate to the measurement of goodwill. The detail, by country is as follows: EUR million 2022 2021 2020 Net balance at end of year (27,170) (28,170) (30,035) Of which: Brazilian real (16,735) (17,440) (17,417) Pound sterling (4,219) (3,415) (4,205) Mexican peso (3,010) (3,088) (3,091) Argentine peso (1,755) (2,109) (2,288) Chilean peso (2,081) (2,039) (1,776) US dollar 2,384 1,536 387 Polish zloty (999) (809) (788) Other (755) (806) (857) The breakdown of translation differences by currency is as follows : EUR million 2022 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (15,913) (14,199) 1,714 376 (98) 1,436 Pound sterling (3,504) (4,446) (942) (51) (67) (824) Mexican peso (2,012) (1,132) 880 56 18 806 Argentine peso (2,109) (1,754) 355 — — 355 Chilean peso (1,852) (1,605) 247 31 5 211 US dollar 2,775 4,062 1,287 102 (24) 1,209 Polish zloty (678) (776) (98) (21) — (77) Other (594) (570) 24 3 (7) 28 Total Group (23,887) (20,420) 3,467 496 (173) 3,144 A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2021 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (16,032) (15,913) 119 30 19 70 Pound sterling (4,602) (3,504) 1,098 41 38 1,019 Mexican peso (2,393) (2,012) 381 26 29 326 Argentine peso (2,287) (2,109) 178 — — 178 Chilean peso (1,450) (1,852) (402) (55) (43) (304) US dollar 1,253 2,775 1,522 125 102 1,295 Polish zloty (638) (678) (40) (9) (1) (30) Other (762) (594) 168 9 11 148 Total Group (26,911) (23,887) 3,024 167 155 2,702 A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2020 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (10,704) (16,032) (5,328) (1,280) (190) (3,858) Pound sterling (3,329) (4,602) (1,273) (455) (4) (814) Mexican peso (1,547) (2,393) (846) (59) (2) (785) Argentine peso (2,094) (2,287) (193) — — (193) Chilean peso (1,181) (1,450) (269) (18) 15 (266) US dollar 2,833 1,253 (1,580) (143) (58) (1,379) Polish zloty (249) (638) (389) (133) (5) (251) Other (430) (762) (332) (16) (10) (306) Total Group (16,701) (26,911) (10,210) (2,104) (254) (7,852) A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. 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. 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 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 (see note 7). 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' at 31 December 2022, 2021 and 2020 is as follows: EUR million 31 December 2022 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 26 (1) 25 9,312 Rest of Europe 268 (199) 69 17,593 Latin America and rest of the world 196 (937) (741) 40,873 Issued by Private-sector Spain — (24) (24) 5,727 Rest of Europe A 11 (68) (57) 5,203 Latin America and rest of the world 16 (290) (274) 4,590 517 (1,519) (1,002) 83,298 EUR million 31 December 2021 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 271 — 271 12,917 Rest of Europe 544 (118) 426 20,397 Latin America and rest of the world 334 (438) (104) 49,847 Issued by Private-sector Spain 2 (20) (18) 4,759 Rest of Europe 47 (171) (124) 11,708 Latin America and rest of the world 31 (46) (15) 5,957 1,229 (793) 436 105,585 EUR million 31 December 2020 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 693 — 693 19,314 Rest of Europe 915 (69) 846 23,116 Latin America and rest of the world 785 (73) 712 51,026 Issued by Private-sector Spain 2 (7) (5) 6,454 Rest of Europe 100 (11) 89 12,191 Latin America and rest of the world 79 (3) 76 6,069 2,574 (163) 2,411 118,170 A. The revaluation losses decrease includes the effect of the transfer made by Santander Bank Polska, S.A. during 2022, from debt securities under the heading 'Financial assets at fair value through other comprehensive income' to 'Financial assets at amortised cost' which has amounted for EUR 219 million in the Group's consolidated annual accounts. Santander Bank Polska, S.A. has decided to carry out a change of strategy in its business model which has entailed the cessation of a significant element of its commercial activity corresponding to customer deposits. This decision has been publicly communicated. As a result, the assets, which corresponded to a business model whose objective was to collect the principal and interest flows and the sale of such assets, which were directly related in origin to such liabilities, have to be reclassified to a new business model whose objective is achieved through the collection of the principal and interest flows. As established in IFRS 9, the transfer has been made prospectively; the financial asset has been reclassified to its fair value at the reclassification date and the cumulative gain or loss previously recognized in other comprehensive income has been eliminated from equity. Consequently, the financial asset is measured at the reclassification date as if it had always been measured at amortized cost and the cumulative gain or loss previously recognized in 'Other comprehensive income' (see consolidated statement of recognized income and expense) is adjusted against the fair value of the financial asset at the reclassification date. Since 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 2022, 2021 and 2020, 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 a provision of EUR 7 million, EUR 19 million and EUR 19 million in 2022, 2021 and 2020, respectively. 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: EUR million 2022 2021 2020 Balance at beginning of year (476) (489) (335) Revaluation gains/(losses) 117 7 (170) Net amounts transferred to profit or loss (15) 6 16 Balance at end of year (374) (476) (489) Of which: Zurich Santander Insurance América, S.L. (315) (332) (298) |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Shareholders' equity | Shareholders’ equityThe 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 during the year are set forth below. |
Issued capital
Issued capital | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of classes of share capital [abstract] | |
Issued capital | Issued capital a) Changes At 31 December 2019, Banco Santander’s share capital consisted 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. On 3 December 2020, a capital increase of EUR 361 million was made, with a charge to the share premium, through the issue of 722,526,720 shares (4.35% of the share capital). Therefore, Banco Santander's share capital at 31 December 2020 consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. Likewise, Banco Santander's share capital at 31 December 2021 consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. On 1 April 2022, there was a capital reduction amounting to EUR 129,965,136.50 through the redemption of 259,930,273 shares, corresponding to the share buyback program carried out in 2021. Likewise, on 28 June 2022, Banco Santander decreased its capital by an amount of EUR 143,154,722.50 through the redemption of 286,309,445 shares, corresponding to the share buyback program carried out during the first half of 2022. Both operations have not entailed the return of contributions to the shareholders as Banco Santander was the owner of the redeemed shares. Therefore, Banco Santander's share capital at 31 December 2022 consisted of EUR 8,397 million, represented by 16,794,401,584 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. It includes 340,406,572 shares corresponding to the first 2022 share buyback program (see note 1.g). Banco Santander’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), each CDI representing one Bank’s share. They are also listed on the New York Stock Exchange under American Depositary Receipts (BDR), each BDR representing one share. During 2019 and 2018 the number of markets where the Bank is listed was reduced; the Bank's shares was delisted from Buenos Aires, Milan, Lisboa and São Paulo's markets. As of 31 December 2022, Norges Bank was registered with the CNMV with a direct significant shareholding of 3.006% of voting shares of Banco Santander (3% is the commonly lowest threshold provided under Spanish law to disclose a significant holding in a listed company), as it had announced on 5 May 2022. Even though at 31 December 2022, certain custodians appeared in our shareholder registry as holding more than 3% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were State Street Bank (14.23%),Chase Nominees Limited (6.88%), The Bank of New York Mellon Corporation (4.82%), Citibank New York (3.90%), BNP (3.28%) and EC Nominees Limited (3.04%). At 31 December 2022, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, 1% of our share capital (which is the other threshold applicable under Spanish regulations). b) Other considerations Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may delegate the authority to approve or execute capital increases to the board of directors. Banco Santander´s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases. At 31 December 2022 the shares of the following companies were listed on official stock markets: Banco Santander Argentina S.A.; Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México; Banco Santander - Chile; Banco Santander (Brasil) S.A., Santander Bank Polska S.A. and Getnet Adquirência e Serviços para Meios de Pagamento S.A. - Instituição de Pagamento. At 31 December 2022 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 50 million shares, which represented 0.30% of Banco Santander’s share capital (45 and 39 million shares, representing 0.26% and 0.22% of the share capital in 2021 and 2020, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was 232 million shares (equal to 1.38% of the Bank’s share capital). At 31 December 2022 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, 2022 | |
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 Corporate Enterprises Act 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 decrease in 2020 was due to the reduction of EUR 361 million to cover the capital increase on 3 December (see note 31). Also, in 2020 an amount of EUR 72 million, was transferred from the Share premium account to the Legal reserve (see note 33.b.i). The decreased produced in 2021 for an amount of EUR 4,034 million was the consequence of applying the result obtained by Banco Santander during the financial year 2020, consisting of losses of EUR 3,557 million, as reflected in the consolidated statements of changes in total equity, and the charge of the dividend for the fiscal year 2020 for an amount of EUR 477 million (see note 31). The decreased produced in 2022 by an amount of EUR 1,433 million has been the consequence of the difference between the purchase value of the redeemed shares (EUR 1,706 million) and the par value of said shares (EUR 273 million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a. Likewise, in accordance with the applicable legislation, a reserve has been provided for amortized capital charged to the issue premium for an amount equal to the nominal value of said amortized shares (EUR 273 million). |
Accumulated retained earnings
Accumulated retained earnings | 12 Months Ended |
Dec. 31, 2022 | |
Retained earnings [abstract] | |
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: EUR million 2022 2021 2020 Restricted reserves 2,798 2,543 2,460 Legal reserve A 1,734 1,734 1,734 Own shares 737 755 672 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 284 11 11 Unrestricted reserves 7,701 4,243 10,422 Voluntary reserves B 7,917 6,123 6,128 Consolidation reserves attributable to the Bank (216) (1,880) 4,294 Reserves of subsidiaries 49,196 47,438 47,601 Reserves of entities accounted for using the equity method 1,553 1,572 1,504 61,248 55,796 61,987 A. The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to 20% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account. B. In accordance with the commercial regulations in force in Spain. i. Legal reserve Under the Consolidated Spanish Corporate Enterprises Act, 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. Also, in 2020 an amount of EUR 72 million, was transferred from the Share premium account to the Legal reserve. Consequently, once again, after the capital increases described in note 31 had been carried out, the balance of the legal reserve met the percentage of 20% of the share capital, and at 31 December 2022 the Legal reserve was at the stipulated level. ii. Reserve for treasury shares According to the Consolidated Text of the Corporate Enterprises Act, an unavailable reserve equivalent to the amount for which Banco Santander's shares owned by subsidiaries are recorded. This reservation shall be freely available when the circumstances which have obliged its constitution disappear. In addition, this reserve covers the outstanding balance of loans granted by the Group with Banco Santander's share guarantee and the amount equivalent to the credits granted by the Group companies to third parties for the acquisition of own shares. 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: EUR million 2022 2021 2020 Banco Santander (Brasil) S.A. (Consolidated Group) 14,663 14,325 14,067 Santander UK Group 8,358 8,558 8,447 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 5,437 4,753 4,230 Grupo Santander Holdings USA 4,324 4,913 4,793 Banco Santander - Chile 3,875 3,194 3,404 Santander Consumer Finance Group 3,858 3,502 4,186 Banco Santander Totta, S.A. (Consolidated Group) 3,297 2,940 2,960 Banco Santander Argentina S.A. 2,527 2,318 2,161 Santander Bank Polska S.A. 2,140 1,990 1,748 Santander Investment, S.A. 1,316 1,307 1,335 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 1,050 869 695 Banco Santander International SA (former Banco Santander (Suisse) S.A) 310 277 247 Other companies and consolidation adjustments (1,959) (1,508) (672) 49,196 47,438 47,601 Of which, restricted 3,614 3,392 3,155 |
Other equity instruments and ow
Other equity instruments and own shares | 12 Months Ended |
Dec. 31, 2022 | |
Other Equity Instruments And Own Shares [Abstract] | |
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, S.A. issued contingent redeemable perpetual bonds (the fidelity bonds) amounting to EUR 981 million nominal value -EUR 686 million fair value. On 31 December 2022 amounted to EUR 688 million. Additionally, at 31 December 2022 the Group had other equity instruments amounting to EUR 175 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. At 31 December 2020, the number of treasury shares held by the Group was 28,439,022 (0.164% of the issued share capital). During 2021, 524,312,848 shares of the Bank were acquired at an average price of EUR 3.14 per share, of which 259,930,273 shares (1.499% of the issued share capital) relate to the First Share Buyback Program at a weighted average price of EUR 3.235 per share; and 275,159,930 shares were transferred at an average price of EUR 3.10 per share - of which 55,750,000 shares correspond to two donations on an extraordinary basis made by Banco Santander to the Banco Santander Foundation. At 31 December 2021, the number of treasury shares held by the Group was 277,591,940 (1.60% of the issued share capital). During 2022, 713,359,786 shares of the Bank were acquired at an average price of EUR 2.87 per share, of which 286,309,445 relate to the Share Buyback Program carried out during the first half of 2022, and 220,942,806 relate to the new Share Buyback Program started on November 22. Likewise, 546,239,718 shares were amortised (note 31) and 201,022,983 shares have been transferred (of which 36,700,000 shares correspond to two donations made by Banco Santander to the Banco Santander Foundation) at an average price of EUR 2.85 per share (excluding in the calculation of the average price the transfers made by Banco Santander in the aforementioned donations). At 31 December 2022, the Group holds 243,689,025 shares of the Bank's issued share capital (1.45%). The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR 7 million profit in 2022 (EUR 23 million and EUR 1 million profit in 2021 and 2020, respectively). |
Memorandum items
Memorandum items | 12 Months Ended |
Dec. 31, 2022 | |
Off-Balance Sheet Exposures [Abstract] | |
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. a) Guarantees and contingent commitments granted 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: 2022 2021 2020 Loans commitment granted 274,075 262,737 241,230 Of which impaired 653 615 274 Financial guarantees granted 12,856 10,758 12,377 Of which impaired 521 188 124 Financial guarantees 12,813 10,715 12,358 Credit derivatives sold 43 43 19 Other commitments granted 92,672 75,733 64,538 Of which impaired 608 781 548 Technical guarantees 50,508 40,158 33,526 Other 42,164 35,575 31,012 The breakdown as at 31 December 2022 of the exposures and the provision fund (see note 25) out of balance sheet by impairment stage is EUR 370,729 million and EUR 331 million (EUR 337,113 million and EUR 372 million in 2021 and EUR 310,435 million and EUR 377 million in 2020) in stage 1, EUR 7,092 million and EUR 191 million (EUR 10,531 million and EUR 200 million in 2021 and EUR 6,764 million and EUR 182 million in 2020) in stage 2 and EUR 1,782 million and EUR 212 million (EUR 1,584 million and EUR 161 million in 2021 and EUR 946 million and EUR 141 million in 2020) in stage 3, respectively. 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 management The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows: EUR million 2022 2021 2020 Investment funds 142,189 145,987 131,965 Pension funds 14,021 16,078 15,577 Assets under management 25,670 24,862 20,712 181,880 186,927 168,254 ii. Non-managed marketed funds Additionally, at 31 December 2022 there are non-managed marketed funds totalling EUR 48,379 million (EUR 48,385 million and EUR 38,563 million at 31 December 2021 and 2020, respectively). c) Third-party securities held in custody At 31 December 2022 the Group held in custody debt securities and equity instruments totalling EUR 231,263 million (EUR 236,153 million and EUR 209,269 million at 31 December 2021 and 2020, respectively) entrusted to it by third parties. |
Hedging derivatives
Hedging derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about hedges [abstract] | |
Hedging derivatives | Hedging derivatives Grupo Santander, 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, Grupo Santander 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. Due to the replacement of the current rates by the alternative rates defined in the note 53 of this report, in the section 'IBOR Reform', the nominal amount of hedging instruments corresponding to the hedging relationships directly affected by the uncertainties related to the IBOR reforms is shown below. The percentage of the nominal amount of derivatives affected with a maturity date after the transition date of the reform represents 6.83% of the total hedging derivatives: EUR million USD LIBOR Total hedging instruments affected Fair value hedges 17,001 Interest rate risk 13,907 Interest rate and foreign exchange risk 3,094 Cash flow hedges 12,740 Interest rate risk 9,454 Interest rate and foreign exchange risk 3,278 Exchange rate risk 8 29,741 Post-transition date agreement Fair value hedges 14,879 Interest rate risk 11,785 Interest rate and foreign exchange risk 3,094 Cash flow hedges 11,573 Interest rate risk 8,295 Interest rate and foreign exchange risk 3,278 26,452 As for the hedged items directly affected by the uncertainties related to the IBOR reforms, their nominal amount is shown below, which represents 2.17% of the total notional amount hedged: EUR million USD LIBOR Total hedge items directly affected Fair value hedges 201 Interest rate risk 201 Cash flow hedges 9,357 Interest rate risk 9,349 Exchange rate risk 8 9,558 Post-transition date agreement Fair value hedges 201 Interest rate risk 201 Cash flow hedges 8,202 Interest rate risk 8,202 8,403 The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2022, 2021 and 2020: EUR million 2022 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 214,473 5,095 4,630 3,351 Interest rate risk 190,513 4,405 4,239 2,554 Hedging derivatives Of which: Interest rate swap 87,477 2,950 3,203 (716) Call money swap 88,059 1,367 623 3,468 Exchange rate risk 4,492 147 25 (9) Hedging derivatives Fx forward 3,745 147 25 (36) Future interest rate 747 — — 27 Interest rate and exchange rate risk 19,412 543 366 805 Hedging derivatives Of which: Interest rate swap 905 4 80 (79) Future interest rate 8,679 261 — 922 Currency swap 9,522 266 286 (61) Credit risk 56 — — 1 Hedging derivatives CDS 56 — — 1 Cash flow hedges 149,756 2,730 3,767 (520) Interest rate risk 81,626 137 1,325 (2,461) Of which: Future interest rate 2,027 — — 51 Interest rate swap 55,886 59 1,494 (1,439) Call money swap 20,784 49 (184) (1,151) Exchange rate risk 34,973 1,358 746 1,760 Hedging derivatives Of which: FX forward 10,754 267 172 773 Currency swap 20,005 951 455 982 Interest rate and exchange rate risk 16,175 1,046 292 (80) Hedging derivatives Of which: Interest rate swap 3,361 — 161 (333) Currency swap 12,814 1,046 131 249 Inflation risk 16,924 180 1,403 261 Hedging derivatives Of which: Currency swap 14,096 179 1,364 241 Equity risk 58 9 1 — Hedging derivatives Option 58 9 1 — Hedges of net investments in foreign operations 22,614 244 831 (2,467) Exchange rate risk 22,614 244 831 (2,467) Hedging derivatives FX forward 22,614 244 831 (2,467) 386,843 8,069 9,228 364 EUR million 2021 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 206,957 2,528 2,656 1,079 Interest rate risk 176,176 2,227 1,778 591 Hedging derivatives Of which: Interest rate swap 66,904 1,668 920 (377) Call money swap 97,321 1 734 714 Exchange rate risk 21,238 7 423 287 Hedging derivatives Of which: FX forward 13,909 7 423 22 Future interest rate 7,329 — — 265 Interest rate and exchange rate risk 9,326 294 452 200 Hedging derivatives Of which: Currency swap 7,397 281 443 192 Interest rate swap 1,650 12 9 (7) Credit risk 173 — 2 1 Hedging derivatives Inflation risk 44 — 1 — Hedging derivatives Cash flow hedges 160,397 2,034 2,157 (1,703) Interest rate risk 99,648 156 420 (526) Hedging derivatives Of which: Future interest rate 7,652 — — (155) Interest rate swap 69,471 70 155 (212) Call money swap 16,846 20 182 (409) Exchange rate risk 27,343 396 657 (112) Hedging derivatives Of which: FX forward 8,381 280 42 26 Currency swap 15,004 100 606 (133) Interest rate and exchange rate risk 21,609 1,425 400 (815) Hedging derivatives Of which: Interest rate swap 3,604 95 2 (112) Currency swap 17,005 1,330 393 (702) Inflation risk 11,741 52 679 (247) Hedging derivatives Of which: Currency swap 10,503 51 678 (232) Equity risk 56 5 1 (3) Hedging derivatives Hedges of net investments in foreign operations 25,594 199 650 (1,159) Exchange rate risk 25,594 199 650 (1,159) Hedging derivatives FX forward 25,594 199 650 (1,159) 392,948 4,761 5,463 (1,783) EUR million 2020 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 199,260 4,199 4,671 (451) Interest rate risk 181,582 3,528 3,850 (456) Hedging derivatives Of which: Interest rate swap 94,713 2,985 2,747 (27) Call money swap 69,740 184 886 (486) Exchange rate risk 9,037 293 47 11 Hedging derivatives Of which: Fx forward 8,422 210 47 11 Interest rate and exchange rate risk 8,434 378 771 (11) Hedging derivatives Of which: Currency swap 7,704 370 757 (4) Credit risk 207 0 3 5 Hedging derivatives Cash flow hedges 139,156 3,436 1,739 235 Interest rate risk 74,731 478 522 78 Hedging derivatives Of which: Futures 7,492 — 322 (208) Interest rate swap 46,547 237 108 135 Call money swap 12,123 204 7 145 Exchange rate risk 23,483 555 802 (401) Hedging derivatives Of which: FX forward 9,151 265 195 (155) Currency swap 13,425 283 600 (103) Interest rate and exchange rate risk 27,021 2,362 275 679 Hedging derivatives Of which: Interest rate swap 5,218 262 — 129 Currency swap 19,682 2,100 264 550 Inflation risk 13,907 36 140 (129) Hedging derivatives Of which: Currency swap 10,206 26 136 (132) Equity risk 14 5 — 8 Hedging derivatives Hedges of net investments in foreign operations 22,210 690 459 2,340 Exchange rate risk 22,210 690 459 2,340 Hedging derivatives FX forward 22,210 690 459 2,340 360,626 8,325 6,869 2,124 Considering the main entities or groups within the Group by the weight of their hedging, the main types of hedging that are being carried out in Santander UK Group Holdings plc group and Banco Santander, S.A. Santander UK Group Holdings plc group enters into fair value and cash flow hedging derivatives depending on the exposure of the underlying. Only designated risks are hedged and therefore other risks, such as credit risk, are managed but not hedged. Within fair value hedges, Santander UK Group Holdings plc 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 Holdings plc 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 e 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 o loss cross currency swaps. Within the cash flow hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at variable rates, normally at SONIA or BoE base rate. To mitigate this market rate variability risk, it contracts Interest Rate Swaps. As Santander UK Group Holdings plc group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. In addition, it also holds debt securities for liquidity purposes which assume exposure mainly in JPY. To manage this exchange rate risk, Spot, Forward y 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 Holdings plc 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 portfolios 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 Banco Santander's income statement. To mitigate these risks, Banco Santander contracts derivatives, mainly Interest Rate Swaps, Cross Currency Swaps, Cap&floors, Forex Forward y 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 hedges, are carried out through Interest Rate Swaps, Cross Currency Swaps and exchange rate derivatives (Forex Swaps and Forex Forward). In addition, Banco Santander, S.A. manages the interest and exchange risk of debt issues in its 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 mix of both by applying differentiated fair value hedging strategies for interest rate risk and cash flow hedging strategies to hedge foreign exchange risk. The methodology used by Banco Santander, S.A. to measure the effectiveness of fair value hedges is based on comparing the market values 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 and minimizing volatility in the income statement. 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. There is a macro hedge of structured loans in which the interest rate risk of fixed-rate loans (mortgage, personal or with other guarantees) granted to legal entities in commercial or corporate banking and wealth clients in the medium-long term is hedged. This hedge is instrumented as a macro hedge of fair value, the main hedging instruments being Interest Rate Swap and Cap&floors. In case of total or partial cancellation or early repayment, the customer is obliged to pay/receive the cost/income of the cancellation of the interest rate risk hedge managed by the Bank. Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates. For retrospective purposes, the hypothetical derivative methodology is used to measure effectiveness. By means of this methodology, the hedged risk is modelled as a derivative instrument -not real-, created exclusively for the purpose of measuring the effectiveness of the hedge, and which must comply with the fact that its main characteristics coincide with the critical terms of the hedged item throughout the period for which the hedging relationship is designated. This hypothetical derivative does not incorporate characteristics that are exclusive to the hedging instrument. Additionally, it is worth mentioning that any risk component not associated with the hedged objective risk and effectively documented at the beginning of the hedge is excluded for the purpose of calculating the effectiveness. The market value of the hypothetical derivative that replicates the hedged item is compared with the market value of the hedging instrument, verifying that the hedged risk is effectively mitigated and that the impact on the income statement due to potential ineffectiveness is residual. Prospectively, the variations in the market values of the hedging instrument and the hedged item (represented by the hypothetical derivative) are measured in the event of parallel shifts of a positive basis point in the affected market curves. There is another macro-hedge, this time of cash flows, the purpose of which is to actively manage the risk-free interest rate risk (excluding credit risk) of a portion of the floating rate assets of Banco Santander, S.A., through the arrangement of interest rate derivatives whereby the bank exchanges floating rate interest flows for others at a fixed rate agreed at the time the transactions are arranged. The items affected by the Macro-hedging have been designated as those in which their cash flows are exposed to interest rate risk, specifically the floating rate mortgages of the Banco Santander, S.A. network referenced to Euribor 12 Months or Euribor Mortgage, with annual renewal of rates, classified as sound risk and which do not have a contractual floor (or, if not, this floor is not activated). The hedged position affecting the Macro Cash Flow Hedge at the present time is EUR 28,200 million. Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. Grupo Santander assumes as a priority risk management objective to minimize -to the limit determined by the Group's Financial Management- the impact on the calculation of the capital ratio of its permanent investments included within the Group's consolidation perimeter, and whose shares or equity interests are legally denominated in a currency other than that of the Group's parent company. For this purpose, financial instruments (generally derivatives) are contracted to hedge the impact on the capital ratio of changes in forward exchange rates. Grupo Santander mainly hedges the risk for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, and PLN. The instruments used to hedge the risk of these investments are Forex Swaps, Forex Forward and Spot Currency purchases/sales. For this type of hedges, ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the position determined and the spot rate at which the position is located. The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies: EUR million 31 December 2022 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 6,588 9,811 37,723 136,223 24,128 214,473 Interest rate risk 5,120 8,822 34,074 120,829 21,668 190,513 Of which: Interest rate swap 2,535 3,005 8,854 56,868 16,215 87,477 Call money swap 2,492 5,039 23,511 54,786 2,231 88,059 Exchange rate risk 556 741 2,448 — 747 4,492 Fx forward 556 741 2,448 — — 3,745 Future interest rate — — — — 747 747 Interest rate and exchange rate risk 912 238 1,193 15,356 1,713 19,412 Of which: Interest rate swap — — 405 192 308 905 Interest Future rate — — — 8,679 — 8,679 Currency swap 912 238 788 6,188 1,396 9,522 Credit risk — 10 8 38 — 56 CDS — 10 8 38 — 56 Cash flow hedges 10,182 15,202 41,514 75,653 7,205 149,756 Interest rate risk 5,546 7,424 30,568 36,501 1,587 81,626 Of which: Future interest rate 2,027 — — — — 2,027 Interest rate swap 2,292 4,877 28,103 20,568 46 55,886 Call money swap 1,175 2,471 1,196 14,728 1,214 20,784 Exchange rate risk 3,777 4,295 4,452 19,940 2,509 34,973 Of which: FX forward 1,996 2,487 1,982 4,289 — 10,754 Currency swap 1,313 1,809 2,470 13,028 1,385 20,005 Interest rate and exchange rate risk 182 509 3,982 10,294 1,208 16,175 Of which: Interest rate swap — — 659 2,468 234 3,361 Currency swap 182 509 3,323 7,826 974 12,814 Inflation risk 677 2,974 2,505 8,870 1,898 16,924 Of which: Currency swap 483 951 1,895 8,869 1,898 14,096 Equity risk — — 7 48 3 58 Option — — 7 48 3 58 Hedges of net investments in foreign operations: 2,249 5,393 14,972 — — 22,614 Exchange rate risk 2,249 5,393 14,972 — — 22,614 FX forward 2,249 5,393 14,972 — — 22,614 19,019 30,406 94,209 211,876 31,333 386,843 EUR million 31 December 2021 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 5,546 11,786 45,119 114,828 29,678 206,957 Interest rate risk 4,324 9,978 33,873 103,216 24,785 176,176 Of which: Interest rate swap 267 2,138 4,189 42,398 17,912 66,904 Call money swap 3,716 7,527 25,588 56,120 4,370 97,321 Exchange rate risk 598 1,712 11,013 5,550 2,365 21,238 Of which: Fx forward 598 1,712 11,013 586 — 13,909 Future interest rate — — — 4,964 2,365 7,329 Interest rate and exchange rate risk 624 77 199 5,898 2,528 9,326 Of which: Currency swap 624 72 198 4,437 2,066 7,397 Interest rate swap — — — 1,232 418 1,650 Inflation risk — — — 44 — 44 Credit risk — 19 34 120 — 173 Cash flow hedges 17,674 3,208 20,459 102,833 16,223 160,397 Interest rate risk 13,047 1,061 9,875 68,867 6,798 99,648 Of which: Future interest rate 7,097 — 244 311 — 7,652 Interest rate swap 2,336 310 7,759 58,930 136 69,471 Call money swap 1,202 751 858 7,920 6,115 16,846 Exchange rate risk 3,438 1,348 3,195 15,506 3,856 27,343 Of which: FX forward 2,406 1,309 1,947 2,719 — 8,381 Currency swap 1,032 39 1,248 9,885 2,800 15,004 Interest rate and exchange rate risk 860 336 5,924 11,165 3,324 21,609 Of which: Interest rate swap — — — 2,505 1,099 3,604 Currency swap 860 336 5,924 7,660 2,225 17,005 Inflation risk 329 463 1,463 7,246 2,240 11,741 Of which: Currency swap 82 339 597 7,245 2,240 10,503 Equity risk — — 2 49 5 56 Hedges of net investments in foreign operations: 4,097 5,346 13,235 2,916 — 25,594 Exchange rate risk 4,097 5,346 13,235 2,916 — 25,594 FX forward 4,097 5,346 13,235 2,916 — 25,594 27,317 20,340 78,813 220,577 45,901 392,948 EUR million 31 December 2020 Up to one month One to three months Three months One year More than five Total Fair value hedges 7,132 14,221 44,897 95,343 37,667 199,260 Interest rate risk 5,616 9,667 39,921 90,913 35,465 181,582 Of which: Interest rate swap 3,943 4,804 24,807 33,333 27,826 94,713 Call money swap 1,021 4,662 11,241 49,624 3,192 69,740 Exchange rate risk 1,516 4,264 3,257 — — 9,037 Of which: Fx forward 901 4,264 3,257 — — 8,422 Interest rate and exchange rate risk — 282 1,711 4,239 2,202 8,434 Of which: Currency swap — 282 1,711 3,607 2,104 7,704 Credit risk — 8 8 191 — 207 Cash flow hedges 10,489 11,629 44,127 61,186 11,725 139,156 Interest rate risk 6,019 6,707 33,070 26,959 1,976 74,731 Of which: Futures 5,213 — — 2,279 — 7,492 Interest rate swap 806 4,626 29,511 11,219 385 46,547 Call money swap — 1,502 1,550 7,890 1,181 12,123 Exchange rate risk 1,746 2,336 4,616 13,071 1,714 23,483 Of which: Future interest rate FX forward 1,532 2,243 3,040 2,336 — 9,151 Currency swap 214 93 1,576 9,828 1,714 13,425 Interest rate and exchange rate risk 1,691 972 5,634 15,687 3,037 27,021 Of which: Interest rate swap 816 — 981 2,402 1,019 5,218 Currency swap 875 972 4,653 11,164 2,018 19,682 Inflation risk 1,033 1,614 807 5,456 4,997 13,907 Of which: FX forward Currency swap 33 181 229 4,766 4,997 10,206 Equity risk — — — 13 1 14 Hedges of net investments in foreign operations 2,435 5,086 12,831 1,858 — 22,210 Exchange rate risk 2,435 5,086 12,831 1,858 — 22,210 FX forward 2,435 5,086 12,831 1,858 — 22,210 20,056 30,936 101,855 158,387 49,392 360,626 Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown: Santander UK Group Holdings plc group 31 December 2022 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,492 5,039 24,447 51,257 4,294 87,529 Average fixed interest rate (%) GBP 2.580 0.880 0.560 2.070 3.780 Average fixed interest rate (%) EUR 1.770 1.600 0.770 0.280 3.090 Average fixed interest rate (%) USD 1.350 3.470 3.510 2.000 4.920 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 74 821 16 911 Average GBP/EUR exchange rate — — 1.212 1.157 1.100 Average GBP/USD exchange rate — — — 1.186 — Average fixed interest rate (%) EUR — — 3.420 2.060 — Average fixed interest rate (%) USD — — — 4.630 — Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,175 2,471 2,188 14,728 1,213 21,775 Average fixed interest rate (%) GBP 1.770 2.290 1.980 2.350 1.840 Foreign exchange risk Exchange and interest rate instruments Nominal 3,063 3,536 2,685 14,583 2,436 26,303 Average GBP/JPY exchange rate — 157.450 160.039 — — Average GBP/CHF exchange rate — 1.131 — — — Average GBP/EUR exchange rate — — 1.123 1.181 1.165 Average GBP/USD exchange rate 1.224 1.253 1.171 1.314 1.388 Equity risk Equity instruments Nominal — — 7 48 2 57 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 1,983 7,621 968 10,572 Average GBP/EUR exchange rate — — 1.185 1.210 1.196 Average GBP/USD exchange rate — — 1.604 1.503 1.537 Average fixed interest rate (%) GBP — — 3.270 2.580 4.590 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 3,716 7,408 25,525 53,427 5,942 96,018 Average fixed interest rate (%) GBP 0.590 0.420 0.090 0.910 3.130 Average fixed interest rate (%) EUR 0.510 1.740 1.080 0.810 2.610 Average fixed interest rate (%) USD 1.910 0.960 1.440 2.760 4.050 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 127 683 165 975 Average GBP/EUR exchange rate — — 1.205 1.159 1.171 Average fixed interest rate (%) EUR — — 3.290 2.030 2.620 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,203 572 1,036 8,967 6,115 17,893 Average fixed interest rate (%) GBP 1.970 0.440 0.080 1.290 0.970 Foreign exchange risk Exchange and interest rate instruments Nominal 3,218 1,114 2,448 10,897 3,584 21,261 Average GBP/JPY exchange rate — 142.905 148.856 — — Average GBP/EUR exchange rate 1.165 — 1.185 1.159 1.174 Average GBP/USD exchange rate 1.344 1.342 1.332 1.339 1.388 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 739 — 1,000 8,112 2,860 12,711 Average GBP/EUR exchange rate 1.277 — 1.386 1.202 1.200 Average GBP/USD exchange rate — — — 1.609 1.381 Average fixed interest rate (%) GBP 2.260 — 1.170 2.720 3.410 31 December 2020 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,704 8,481 30,946 53,170 9,050 104,351 Average fixed interest rate (%) GBP 0.690 0.650 0.820 0.730 3.720 Average fixed interest rate (%) EUR 1.180 0.230 3.020 0.980 2.340 Average fixed interest rate (%) USD 1.870 1.720 2.890 2.490 4.160 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 147 776 260 1,183 Average GBP/EUR exchange rate — — 1.141 1.170 1.167 Average fixed interest rate (%) EUR — — 4.640 1.780 3.560 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 999 2,815 8,869 1,180 13,863 Average fixed interest rate (%) GBP — 0.460 0.570 1.450 1.330 Foreign exchange risk Exchange and interest rate instruments Nominal 1,602 2,244 4,317 8,328 1,246 17,737 Average GBP/JPY exchange rate — 137.977 135.607 132.271 — Average GBP/EUR exchange rate — — — 1.163 1.179 Average GBP/USD exchange rate 1.293 1.316 1.323 1.304 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 1,630 — 3,858 11,816 2,792 20,096 Average GBP/EUR exchange rate — — 1.354 1.253 1.197 Average GBP/USD exchange rate 1.465 — — 1.609 1.381 Average fixed interest rate (%) GBP 2.010 — 3.180 2.480 3.390 Banco Santander, S.A. 31 December 2022 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 1,032 1,248 2,348 24,115 8,809 37,552 Average fixed interest rate (%) GBP — 2.04 2.04 1.86 2.04 Average fixed interest rate (%) EUR 0.569 (0.406) 0.278 2.396 1.674 Average fixed interest rate (%) CHF — — — 0.530 — Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) CZK — — — 1.650 — Average fixed interest rate (%) NOK — — — — 2.327 Average fixed interest rate (%) AUD — 1.073 — — — Average fixed interest rate (%) USD 2.892 3.123 3.835 3.181 3.374 Average fixed interest rate (%) RON — — — 3.610 — Foreign exchange risk Exchange and interest rate instruments Nominal 250 899 2,064 — — 3,213 Average GBP/EUR exchange rate — — 0.877 — — Average USD/EUR exchange rate 1.040 — 0.992 — — Average CNY/EUR exchange rate 7.172 7.252 7.159 — — Average AUD/EUR exchange rate — 1.587 — — — Average MXN/EUR exchange rate — 21.529 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 912 38 1,101 3,767 988 6,806 Average fixed interest rate (%) AUD/EUR 4.000 — — 4.800 3.824 Average fixed interest rate (%) CZK/EUR — — 0.860 — — Average fixed interest rate (%) RON/EUR — 4.520 — 5.130 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR 0.568 — — 1.442 1.360 Average fixed interest rate (%) NOK/EUR — — — 3.010 3.762 Average fixed interest rate (%) CHF/EUR — — — 1.243 — Average fixed interest rate (%) EUR/GBP — 5.170 — — — Average fixed interest rate (%) NZD/EUR — — — — — Average fixed interest rate (%) USD/MXN — — 12.982 — — Average fixed interest rate (%) USD/COP — — 15.452 13.614 7.150 Average fixed interest rate (%) EUR/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate 1.499 — — 1.499 1.545 Average CZK/EUR exchange rate — — 25.407 25.677 — Average EUR/GBP exchange rate — 1.162 — — — Average EUR/USD exchange rate — — — 0.945 — Average HKD/EUR exchange rate — — — 8.851 — Average JPY/EUR exchange rate 133.840 — — 130.227 118.180 Average NOK/EUR exchange rate — — — 9.492 9.685 Average RON/EUR exchange rate — 4.746 — 4.842 4.927 Average CHF/EUR exchange rate — 1.092 1.105 — Average USD/CLP exchange rate — — — 0.001 — 31 December 2022 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Average NZD/EUR exchange rate — — — — 1.666 Average USD/MXN exchange rate — — 0.051 — — Credit risk Credit risk instruments Nominal — 9 8 38 — 55 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — 3 597 1,451 184 2,235 Average fixed interest rate (%) EUR/PEN — — 6.496 — — Average fixed rate (%) USD/COP — 15.398 — — Average fixed interest rate (%) EUR/AUD — 3.207 — — — Average fixed interest rate (%) AUD/EUR — — — 0.305 — Average EUR/GBP exchange rate — — 1.084 1.173 — Average AUD/EUR exchange rate — — — 1.604 1.562 Average RON/EUR exchange rate — — — 4.885 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — 1.102 — Average NOK/EUR exchange rate — — — — 10.242 Average CZK/EUR exchange rate — — — 26.131 — Average EUR/PEN exchange rate — — 0.252 — — Average EUR/AUD exchange rate — 0.654 — — — Interest rate risk Bond Forward instruments Nominal 2,250 4,500 11,453 10,000 — 28,203 Average fixed interest rate (%) EUR (0.431) (0.404) (0.348) (0.010) — Inflation risk Bond Forward instruments Nominal — — 700 — — 700 Average fixed interest rate (%) EUR — — 0.322 — — Exchange rate risk Exchange instruments Nominal 11 22 99 — — 132 Average exchange rate GBP/EUR 1.156 1.153 1.142 — — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 2,020 4,711 13,839 — — 20,570 Average BRL/EUR exchange rate 6.554 5.797 5.866 — — Average CLP/EUR exchange rate 953.549 955.790 944.113 — — Average COP/EUR exchange rate — 4,935.121 — — — Average GBP/EUR exchange rate 0.869 0.873 0.876 — — Average MXN/EUR exchange rate 25.130 23.968 22.156 — — Average USD/EUR exchange rate — — 1.158 — — Average PLN/EUR exchange rate 4.832 4.837 4.991 — — 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 14 1,822 3,038 21,507 10,031 36,412 Average fixed interest rate (%) GBP — — — 2.139 1.750 Average fixed interest rate (%) EUR 3.859 0.989 (0.031) 1.212 1.532 Average fixed interest rate (%) CHF — — — 0.828 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 4.746 1.449 3.459 2.737 3.374 Average fixed interest rate (%) RON — — — 4.211 3.200 Foreign exchange risk Exchange and interest rate instruments Nominal 503 1,634 10,350 586 — 13,073 Average GBP/EUR exchange rate — 0.882 0.865 0.876 — Average USD/EUR exchange rate 1.187 1.172 1.180 — — Average CNY/EUR exchange rate 7.859 7.717 7.412 — — Average PEN/USD exchange rate — 4.003 — — — Average JPY/EUR exchange rate 132.688 130.741 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 116 1,109 53 3,255 1,279 5,812 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.661 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — — 0.730 1.144 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — 0.760 1.243 Average fixed interest rate (%) USD/COP — 5.140 9.470 6.789 7.153 Average fixed interest rate (%) COP/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate — — — 1.499 1.529 Average COP/USD exchange rate — — — — — Average CZK/EUR exchange rate — — — 25.506 — Average EUR/GBP exchange rate — 1.176 — — — Average EUR/COP exchange rate — — — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — — 132.966 126.605 Average MXN/EUR exchange rate — — 14.696 — — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.815 4.927 Average CHF/EUR |
Discontinued operations
Discontinued operations | 12 Months Ended |
Dec. 31, 2022 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Discontinued operations | Discontinued operationsNo operations were discontinued in 2022, 2021 or 2020. |
Interest income
Interest income | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
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 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Loans and advances, central banks 1,606 476 431 Loans and advances, credit institutions 2,186 916 894 Debt instruments 10,416 5,724 5,022 Loans and advances, customers 54,110 38,649 38,788 Other interest 3,112 698 606 71,430 46,463 45,741 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, 2022 | |
Analysis of income and expense [abstract] | |
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 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Central banks deposits 706 338 366 Credit institution deposits 2,784 1,140 1,652 Customer deposits 16,994 5,452 5,599 Debt securities issued and subordinated liabilities 8,464 4,838 5,119 Marketable debt securities 7,472 4,190 4,548 Subordinated liabilities (note 23) 992 648 571 Provisions for pensions (note 25) 100 91 95 Lease Liabilities 116 125 186 Other interest expense 3,647 1,109 730 32,811 13,093 13,747 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, 2022 | |
Analysis of income and expense [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: EUR million 2022 2021 2020 Dividend income classified as: Financial assets held for trading 366 369 272 Non-trading financial assets mandatorily at fair value through profit or loss 35 32 31 Financial assets at fair value through other comprehensive income 87 112 88 488 513 391 |
Commission income
Commission income | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Coming from collection and payment services Bills 245 214 265 Demand accounts 1,526 1,408 1,284 Cards 4,012 3,138 2,986 Orders 625 503 484 Cheques and other 172 139 110 6,580 5,402 5,129 Coming from non-banking financial products Investment funds 1,017 992 888 Pension funds 167 161 170 Insurance 2,743 2,467 2,289 3,927 3,620 3,347 Coming from Securities services Securities underwriting and placement 438 431 394 Securities trading 339 319 316 Administration and custody 321 402 336 Asset management 446 369 316 1,544 1,521 1,362 Other Foreign exchange 822 522 500 Financial guarantees 433 415 409 Commitment fees 506 442 366 Other fees and commissions 2,055 1,890 1,911 3,816 3,269 3,186 15,867 13,812 13,024 |
Commission expense
Commission expense | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Commissions assigned to third parties 2,554 1,993 1,856 Cards 1,872 1,355 1,249 By collection and return of effects 18 16 12 Other fees assigned 664 622 595 Other commissions paid 1,523 1,317 1,153 Brokerage fees on lending and deposit transactions 77 60 26 Sales of insurance and pension funds 340 341 248 Other fees and commissions 1,106 916 879 4,077 3,310 3,009 |
Gains or losses on financial as
Gains or losses on financial assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) on financial instruments [abstract] | |
Gains or losses on financial assets and liabilities | Gains or losses on financial assets and liabilities The following information is presented below regarding the gains or losses recorded for financial assets or liabilities: a) Breakdown The detail, by origin, of Gains/losses on financial assets and liabilities: EUR million 2022 2021 2020 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net 149 628 1,107 Financial assets at amortized cost 34 89 (31) Other financial assets and liabilities 115 539 1,138 Of which debt instruments 122 567 1,179 Gains or losses on financial assets and liabilities held for trading, net A 842 1,141 3,211 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 162 132 82 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net A 968 270 (171) Gains or losses from hedge accounting, net 74 (46) 51 2,195 2,125 4,280 A. 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 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net': EUR million 2022 2021 2020 Exchange differences, net (542) (562) (2,093) b) Financial assets and liabilities at fair value through profit or loss The detail of the amount of the asset balances is as follows: EUR million 2022 2021 2020 Loans and receivables: 44,962 34,812 46,589 Central banks 11,595 3,608 9,481 Credit institutions 17,175 13,549 12,139 Customers 16,192 17,655 24,969 Debt instruments 45,079 30,223 41,573 Equity instruments 13,777 19,119 12,849 Derivatives 67,002 54,292 67,137 170,820 138,446 168,148 Grupo Santander 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 2022 the exposure to credit risk of the derivatives presented in the balance sheet is not significant because they are subject to netting and collateral agreements (see note 2.f). • Loans and advances to credit institutions and Loans and advances includes reverse repos amounting to EUR 38,236 million at 31 December 2022. Also, mortgage-backed assets totalled EUR 920 million. • Debt instruments include EUR 35,118 million of Spanish and foreign government securities. At 31 December 2022 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: EUR million 2022 2021 2020 Deposits 78,299 40,946 43,598 Central banks 7,497 1,645 2,490 Credit institutions 11,754 7,552 6,765 Customer 59,048 31,749 34,343 Marketable debt securities 5,427 5,454 4,440 Short positions 22,515 12,236 16,698 Derivatives 64,891 53,566 64,469 Other financial liabilities — — — 171,132 112,202 129,205 At 31 December 2022, 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 2022 is EUR 1,044 million higher than their carrying amount (EUR 81 million lower at 31 December 2021 and EUR 119 million lower at 31 December 2020). Within Deposits, there are repurchase agreements amounting to EUR 27,780 million at 31 December 2022. |
Exchange differences, net
Exchange differences, net | 12 Months Ended |
Dec. 31, 2022 | |
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. Grupo Santander 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 43). |
Other operating income and expe
Other operating income and expenses | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Other operating income and expenses | Other operating income and expenses Other operating income and Other operating expenses in the consolidated income statements include: EUR million 2022 2021 2020 Insurance activity 158 211 210 Income from insurance and reinsurance contracts issued 2,698 1,516 1,452 Of which: Insurance and reinsurance premium income 2,543 1,381 1,349 Reinsurance income (note 15) 155 135 103 Expenses of insurance and reinsurance contracts (2,540) (1,305) (1,242) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (2,309) (1,097) (1,063) Reinsurance premiums paid (231) (208) (179) Other operating income 1,510 2,255 1,920 Non- financial services 770 291 362 Other operating income 740 1,964 1,558 Other operating expense (2,803) (2,442) (2,342) Non-financial services (661) (283) (350) Other operating expense: (2,142) (2,159) (1,992) Of which, credit institutions deposit guarantee fund and single resolution fund (1,258) (1,016) (1,005) (1,135) 24 (212) Most of Banco Santander’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. |
Staff costs
Staff costs | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Staff costs | Staff costs a) Breakdown The detail of Staff costs is as follows: EUR million 2022 2021 2020 Wages and salaries 9,563 8,466 8,070 Social Security costs 1,441 1,323 1,277 Additions to provisions for defined benefit pension plans (note 25) 65 73 76 Contributions to defined contribution pension funds 296 286 283 Other Staff costs 1,182 1,068 1,077 12,547 11,216 10,783 b) Headcount The average number of employees of Grupo Santander, as well as the average number and distribution by professional category of Banco Santander, S.A., was as follows: Average number of employees 2022 2021 2020 Banco Santander, S.A. 23,410 24,512 27,503 Executive directors and Senior management 17 19 21 Other line personnel 21,872 23,343 26,527 Branches abroad 1,521 1,150 955 Total Group 201,516 194,589 196,090 A. Does not include staff affected by discontinued operations. The number of employees, at the end of 2022, 2021 and 2020, was 206,462, 199,177 and 193,226, respectively. The functional breakdown (final employment), by gender, at 31 December 2022 is as follows: Functional breakdown by gender Senior managers Other managers Other personnel Men Women Men Women Men Women Europe 1,093 478 6,779 3,893 33,041 40,919 North America 221 66 1,334 621 18,300 23,055 South America 320 134 3,147 2,096 31,108 39,857 1,634 678 11,260 6,610 82,449 103,831 The same information, expressed in percentage terms at 31 December 2022 is as follows: Functional breakdown by gender Senior managers Other managers Other personnel Men Women Men Women Men Women Europe 70 % 30 % 64 % 36 % 45 % 55 % North America 77 % 23 % 68 % 32 % 44 % 56 % South America 70 % 30 % 60 % 40 % 44 % 56 % 71 % 29 % 63 % 37 % 44 % 56 % 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 2022, is as follows: Number of employees A 2022 Senior managers 13 Management 136 Collaborators 3,965 4,114 A. 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 number of Group employees with disabilities at 2021 and 2020, was 3,703 and 3,577, respectively. Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33%, during 2022 was 331 (288 and 319 employees during 2021 and 2020). At the end of fiscal year 2022, there were 444 employees (307 and 317 employees at 31 December, 2021 and 2020, respectively). c) Share-based payments The main share-based payments granted by the Group in force at 31 December, 2022, 2021 and 2020 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) Deferred Multiyear Objectives Variable Remuneration Plan; (iii) Digital Transformation Award and (iv) Digital Transformation Award 2022. 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 (2015, 2016, 2017, 2018, 2019, 2020, 2021 and 2022) 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 sixth cycles, over three four 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 (fifth cycle) • In the case of the sixth, seventh, eighth, ninth, tenth, eleventh and twelfth cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fifth and sixth cycles (2015 to 2016), the accrual of the 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 on none of the following circumstances existing during the period prior to each delivery, 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. iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eighth, ninth, tenth, eleventh and twelfth cycles (2017 to 2021), 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 non-ocurrence of 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: v. significant failures in risk management by the entity , or by a business unit or risk control unit. vi. 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. vii. 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. viii. 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. Fifth cycle (2015): • 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 5 years deferral period. • Division managers, country heads (of countries which represent at least 1% of Group's economic capital), 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 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 years period. Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021): • 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. Twelfth cycle (2022): • 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 4 years . T Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021 and 2022) 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 four 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, to non-ocurrence 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. iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018, 2019, 2020 and 2021 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 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, taking into account the following factors: v. Significant failures in risk management committed by the entity, or by a business unit or risk control unit. vi. 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. vii. 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. viii. 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. In the seventh cycle, and only for executive directors: half in cash and 25% in share options and 25% in shares (unless the director chooses to receive options only). 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 years 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 a 5 years period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 years period. The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 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 years and five years 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 Grupo Santander’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, 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, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. In the seventh cycle (2022), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of four years and five years deferrals) are: • Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024. • Relative Total Shareholder Return (TSR) measured against a group of 9 credit institutions for the period 2022-2024. • Five ESG metrics linked to our public targets of our Responsible Banking agenda. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii) Digital Transformation Award (2019, 2020 and 2021) The 2019, 2020 and 2021 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 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets; (iv) extension of SuperDigital in Brazil to at least one other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers. The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to “new-mode” bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries. The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. 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 years 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 years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. 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 Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive). The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019). Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation base (iv) Digital Transformation Award (2022) The board of directors approved the 2022 Digital Transformation Incentive. It is a variable remuneration scheme splits in two different blocks: • The first one, with the same mechanism than previous years, that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to 250 (is limited to 30 million euros)employees whose functions are deemed essential to Santander’s growth. • And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50 employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success. 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. Performance of the first block of the incentive shall be measured based on achievement of the following milestones: i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions. iii. Agile: Agile ways of working enable a better and faster reaction to customers’ needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. iv. In Digital Consumer Bank: a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain. b) To support the definition of Openbank US’s IT digital strategy and achieve 2022 milestones in it. c) To have the new leasing platform connected to dealers in Italy. d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal. And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter. The first block of thee 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 years 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 years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. 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 Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years. The total achievement for 2022 Digital Incentive was 96.5%. The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was 100%. 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 A Year granted Employee group Number of persons B Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 01/01/2020 23,373 Options granted (sharesave) 11,642 1.65 2020 Employees 5,012 01/11/20 01/11/23 01/11/20 01/11/25 Options exercised (860) 2.75 Options cancelled (net) or not exercised (12,993) 2.96 Plans outstanding at 31/12/2020 21,162 Options granted (sharesave) 9,414 2.43 2021 Employees 4,142 01/11/21 01/11/24 01/11/21 01/11/26 Options exercised (48) 1.86 Options cancelled (net) or not exercised (4,592) 2.95 Plans outstanding at 31/12/2021 25,936 Options granted (sharesave) 13,068 1.89 2022 Employees 4,362 11/01/22 11/01/25 11/01/22 11/01/27 Options exercised (242) 1.69 Options cancelled (net) or not exercised (8,774) 2.59 Plans outstanding at 31/12/2022 29,988 A. At 31 December, 2022, 2021 and 2020, the euro/pound sterling exchange rate was 1.1277, 1.1904 and 1.1168 , respectively. B. 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 see deducted between GBP 5 and GBP 500 from their net monthly pay over a period of three 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 2020, 2021 and 2022: 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 2020, 2021 and 2022 and the levels of achievement of similar plans in comparable entities,it has been considered that the fair value is 70%. b) Santander UK sharesave plans: The fair value of each option at the date of grant is estimated using an analytical model that also reflects the correlation between EUR and GBP. This model uses assumptions on the share price, the EUR/GBP FX rate, the EUR/GBP risk-free interest rate, dividend yields, the expected volatilities of both the underlying shares and EUR/GBP for the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was GBP 0.23 (GBP 0.20 and GBP 0.21 reported in 2021 and 2020, respectively). |
Other general administrative ex
Other general administrative expenses | 12 Months Ended |
Dec. 31, 2022 | |
Selling, general and administrative expense [abstract] | |
Other general administrative expenses | Other general administrative expenses a) Breakdown The detail of Other general administrative expenses is as follows: EUR million 2022 2021 2020 Technology and systems 2,473 2,182 2,119 Property, fixtures and supplies 804 789 827 Technical reports 785 689 672 Taxes other than income tax 559 558 537 Advertising 559 510 523 Communications 410 401 473 Surveillance and cash courier services 336 306 325 Per diems and travel expenses 163 69 73 Insurance premiums 108 109 88 Other administrative expenses 2,174 1,830 1,900 8,371 7,443 7,537 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: EUR million 2022 2021 2020 Audit 113.4 104.6 99.4 Audit-related services 6.4 6.0 6.0 Tax services 0.5 0.7 0.8 All other 4.8 2.4 1.2 Total 125.1 113.7 107.4 The 'Audit' heading mainly includes audit fees for the individual and consolidated financial statements of Banco Santander and its subsidiaries of which PwC is the statutory auditor; for interim consolidated financial statements of Banco Santander; for integrated audits prepared in order to file Form 20-F for the annual report with the SEC in the US regarding required entities; the internal control audit (SOx) for required Group's entities; the limited review of the financial statements; and the regulatory auditor's reports on Grupo Santander's geographies. The main fees under 'Audit-related services' include, comfort letters, verifying financial and non-financial information (as required by regulators), and other reviews of documents that, due to their nature, the external auditor provides to be submitted to domestic or foreign authorities. The fees included under the heading 'Tax services' mainly related to tax compliance and advisory services provided to Group companies outside Spain, which are permitted in accordance with independence regulations; none were for tax planning advice. The 'Audit' heading includes the fees for the year's audit, regardless of the date the audit was completed. Any subsequent adjustments, which are not significant, and for purposes of comparison, are shown in this note for each year. The fees corresponding to the rest of the services are shown by when the audit committee approved them. The services commissioned from the Group's auditors meet the independence requirements under applicable European and Spanish law, the 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 auditor's role. Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR 185.5 million in 2022 (EUR 263.8 million and EUR 172.4 million in 2021and 2020, respectively). c) Number of branches The number of offices at 31 December 2022, 2021 and 2020 is as follows: Number of branches Group 2022 2021 2020 Spain 1,966 1,998 2,989 Group 7,053 7,231 7,597 9,019 9,229 10,586 |
Gains or losses on non financia
Gains or losses on non financial assets, net | 12 Months Ended |
Dec. 31, 2022 | |
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 follows: EUR million 2022 2021 2020 Gains Tangible and intangible assets 56 87 89 Investments 5 2 60 61 89 149 Losses Tangible and intangible assets (49) (36) (34) Investments — — (1) (49) (36) (35) 12 53 114 |
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, 2022 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
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: EUR million Net balance 2022 2021 2020 Tangible assets 7 (52) (171) Impairment (note 12) (94) (141) (215) Gain (loss) on sale (note 12) 101 89 44 Other gains and other losses — 9 — 7 (43) (171) |
Other disclosures
Other disclosures | 12 Months Ended |
Dec. 31, 2022 | |
Other Disclosures [Abstract] | |
Other disclosures | Other disclosures a) Residual maturity periods The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2022, 2021 and 2020 is presented below: 31 December 2022 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 223,073 — — — — — 223,073 Financial assets at fair value through other comprehensive income — 19,215 5,425 15,377 17,693 25,588 83,298 Debt securities — 19,011 4,528 13,884 16,631 21,029 75,083 Loans and advances — 204 897 1,493 1,062 4,559 8,215 Customers — 204 897 1,493 1,062 4,559 8,215 Financial assets 45,322 194,757 137,632 196,939 135,156 437,238 1,147,044 Debt securities — 7,956 7,417 21,459 6,715 30,007 73,554 Loans and advances 45,322 186,801 130,215 175,480 128,441 407,231 1,073,490 Central banks — 14,139 — — — 1,236 15,375 Credits institutions 7,565 22,578 2,756 3,580 139 9,900 46,518 Customers 37,757 150,084 127,459 171,900 128,302 396,095 1,011,597 268,395 213,972 143,057 212,316 152,849 462,826 1,453,415 Liabilities Financial liabilities at amortized cost 731,837 236,565 144,666 168,984 81,808 59,998 1,423,858 Deposits 718,366 193,092 96,667 82,663 19,343 1,756 1,111,887 Central banks 117 6,991 18,311 47,018 4,506 9 76,952 Credit institutions 7,172 30,557 15,901 9,670 3,925 1,357 68,582 Customer deposits 711,077 155,544 62,455 25,975 10,912 390 966,353 Marketable debt securities A — 34,408 46,480 81,051 55,359 57,614 274,912 Other financial liabilities 13,471 9,065 1,519 5,270 7,106 628 37,059 731,837 236,565 144,666 168,984 81,808 59,998 1,423,858 Difference (assets less liabilities) (463,442) (22,593) (1,609) 43,332 71,041 402,828 29,557 A. 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). Grupo Santander has accounted as "On demand", those financial liabilities assumed, in which the counterparty may require the payments. In addition, when Grupo Santander 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 2021 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 210,689 — — — — — 210,689 Financial assets at fair value through other comprehensive income — 19,885 10,447 20,001 17,745 37,507 105,585 Debt securities — 19,598 9,609 19,133 16,494 33,088 97,922 Loans and advances — 287 838 868 1,251 4,419 7,663 Customers — 287 838 868 1,251 4,419 7,663 Financial assets 35,520 161,837 121,272 154,345 130,456 434,468 1,037,898 Debt securities — 4,212 4,171 2,205 15,388 9,732 35,708 Loans and advances 35,520 157,625 117,101 152,140 115,068 424,736 1,002,190 Central banks — 14,544 — — — 1,113 15,657 Credits institutions 11,849 20,802 4,542 93 150 1,733 39,169 Customers 23,671 122,279 112,559 152,047 114,918 421,890 947,364 246,209 181,722 131,719 174,346 148,201 471,975 1,354,172 Liabilities Financial liabilities 718,435 169,013 99,223 194,879 98,210 69,409 1,349,169 Deposits 711,377 126,956 64,096 117,585 52,658 5,915 1,078,587 Central banks 92 5,861 2,130 91,651 40,013 10 139,757 Credit institutions 12,854 16,208 12,507 4,712 1,981 3,973 52,235 Customer deposits 698,431 104,887 49,459 21,222 10,664 1,932 886,595 Marketable debt A — 31,550 29,798 71,333 45,198 62,830 240,709 Other financial liabilities 7,058 10,507 5,329 5,961 354 664 29,873 718,435 169,013 99,223 194,879 98,210 69,409 1,349,169 Difference (assets less liabilities) (472,226) 12,709 32,496 (20,533) 49,991 402,566 5,003 A. Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2020 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 153,839 — — — — — 153,839 Financial assets at fair value through other comprehensive income — 11,084 7,738 19,923 21,302 58,123 118,170 Debt securities — 10,908 7,019 18,365 19,969 52,642 108,903 Loans and advances — 176 719 1,558 1,333 5,481 9,267 Customers — 176 719 1,558 1,333 5,481 9,267 Financial assets 51,513 117,335 109,561 150,399 120,376 409,194 958,378 Debt securities — 4,184 5,760 3,059 5,257 7,818 26,078 Loans and advances 51,513 113,151 103,801 147,340 115,119 401,376 932,300 Central banks — 10,762 — 673 — 1,064 12,499 Credit institutions 21,337 8,950 3,910 3,207 34 400 37,838 Customers 30,176 93,439 99,891 143,460 115,085 399,912 881,963 205,352 128,419 117,299 170,322 141,678 467,317 1,230,387 Liabilities Financial liabilities 640,613 175,269 93,296 175,238 80,041 83,731 1,248,188 Deposits 632,305 132,337 61,142 109,856 32,464 22,287 990,391 Central banks 150 10,499 3,216 83,112 15,827 — 112,804 Credit institutions 14,370 22,385 9,940 5,618 5,934 4,373 62,620 Customer deposits 617,785 99,453 47,986 21,126 10,703 17,914 814,967 Marketable debt A — 33,257 30,994 59,526 47,143 59,909 230,829 Other financial liabilities 8,308 9,675 1,160 5,856 434 1,535 26,968 640,613 175,269 93,296 175,238 80,041 83,731 1,248,188 Difference (assets less liabilities) (435,261) (46,850) 24,003 (4,916) 61,637 383,586 (17,801) A. 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 2022, 2021 and 2020 is as follows: 31 December 2022 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 718,366 192,609 96,482 82,618 19,354 1,595 1,111,024 Central banks 117 7,003 18,210 46,933 4,506 9 76,778 Credit institutions 7,172 30,548 15,808 9,722 3,924 1,190 68,364 Customer 711,077 155,058 62,464 25,963 10,924 396 965,882 Marketable debt securities — 34,312 46,396 81,059 55,357 57,576 274,700 Other financial liabilities 13,471 9,065 1,519 5,270 7,106 626 37,057 731,837 235,986 144,397 168,947 81,817 59,797 1,422,781 31 December 2021 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 705,129 120,654 62,896 116,343 52,031 5,884 1,062,937 Central banks 83 5,862 2,131 91,327 39,579 10 138,992 Credit institutions 12,683 16,184 11,867 4,504 1,945 3,950 51,133 Customer 692,363 98,608 48,898 20,512 10,507 1,924 872,812 Marketable debt securities — 32,575 30,618 73,131 46,367 64,318 247,009 Other financial liabilities 7,059 10,507 5,329 5,961 354 663 29,873 712,188 163,736 98,843 195,435 98,752 70,865 1,339,819 . 31 December 2020 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 629,043 130,439 60,465 108,326 32,260 22,228 982,761 Central banks 150 10,497 3,217 82,803 15,827 — 112,494 Credit institutions 14,334 22,367 9,606 5,031 5,903 4,333 61,574 Customer 614,559 97,575 47,642 20,492 10,530 17,895 808,693 Marketable debt securities — 34,307 31,103 58,645 46,118 56,730 226,903 Other financial liabilities 8,308 9,675 1,160 5,856 434 1,535 26,968 637,351 174,421 92,728 172,827 78,812 80,493 1,236,632 Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2022, 2021 and 2020 : 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 44,770 27,562 29,753 20,177 33,856 156,118 Derivatives 7,631 9,983 23,156 15,533 10,699 67,002 Equity instruments 10,066 10,066 Debt securities 5,160 13,357 5,667 4,193 13,026 41,403 Loans and advances 31,979 4,222 930 451 65 37,647 Central banks 11,595 — — — — 11,595 Credits institutions 13,650 2,852 — — — 16,502 Customers 6,734 1,370 930 451 65 9,550 Financial assets designated at fair value through profit or loss 236 756 2,732 1,691 3,574 8,989 Debt securities 68 77 1,026 599 772 2,542 Loans and advances 168 679 1,706 1,092 2,802 6,447 Credit institutions 6 181 23 4 459 673 Customers 162 498 1,683 1,088 2,343 5,774 Non-trading financial assets mandatorily at fair value through profit or loss 164 214 265 70 5,000 5,713 Equity instruments — — — — 3,711 3,711 Debt securities 6 52 52 — 1,024 1,134 Loans and advances 158 162 213 70 265 868 Customers 158 162 213 70 265 868 Financial assets at fair value through other comprehensive income — — — — 1,941 1,941 Equity instruments — — — — 1,941 1,941 Hedging derivatives 2,200 1,076 1,356 1,451 1,986 8,069 Changes in the fair value of hedged items in portfolio hedges of interest rate risk (734) (498) (1,178) (1,036) (303) (3,749) TOTAL FINANCIAL ASSETS 46,636 29,110 32,928 22,353 46,054 177,081 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 51,621 12,012 23,669 18,273 9,610 115,185 Derivatives 7,749 9,671 22,479 16,955 8,037 64,891 Shorts positions 17,952 888 1,031 1,071 1,573 22,515 Deposits 25,920 1,453 159 247 — 27,779 Central banks 5,757 — — — — 5,757 Credits institutions 7,963 1,435 151 247 — 9,796 Customers 12,200 18 8 — — 12,226 Financial liabilities designated at fair value through profit or loss 27,071 4,359 6,180 1,915 16,422 55,947 Deposits 26,908 3,558 5,069 818 14,167 50,520 Central banks 1,702 38 — — — 1,740 Credits institutions 1,284 129 54 87 404 1,958 Customers 23,922 3,391 5,015 731 13,763 46,822 Marketable debt securities A 163 801 1,111 1,097 2,255 5,427 Hedging derivatives 947 1,469 3,650 1,159 2,003 9,228 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 11 (52) (140) 20 44 (117) TOTAL FINANCIAL LIABILITIES 79,650 17,788 33,359 21,367 28,079 180,243 A. Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 120,962 32,538 50,875 54,033 15,667 274,075 Financial guarantees granted 7,023 3,586 1,427 441 379 12,856 Other commitments granted 66,716 16,152 7,119 1,517 1,168 92,672 MEMORANDUM ITEMS 194,701 52,276 59,421 55,991 17,214 379,603 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 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 21,887 20,627 20,047 15,105 39,287 116,953 Derivatives 4,943 7,426 12,285 11,980 17,658 54,292 Equity instruments — — — — 15,077 15,077 Debt securities 2,978 8,585 5,766 2,869 6,552 26,750 Loans and advances 13,966 4,616 1,996 256 — 20,834 Central banks 3,608 — — — — 3,608 Credits institutions 5,607 3,982 808 — — 10,397 Customers 4,751 634 1,188 256 — 6,829 Financial assets designated at fair value through profit or loss 2,451 2,928 3,686 2,334 4,558 15,957 Debt securities 64 142 699 700 911 2,516 Loans and advances 2,387 2,786 2,987 1,634 3,647 13,441 Central banks — — — — — — Credit institutions 1,138 1,476 205 10 323 3,152 Customers 1,249 1,310 2,782 1,624 3,324 10,289 Non-trading financial assets mandatorily at fair value through profit or loss 116 49 127 67 5,177 5,536 Equity instruments — 4,042 4,042 Debt instruments 4 40 4 6 903 957 Loans and advances 112 9 123 61 232 537 Central banks — — — — — — Credits institutions — — — — — — Customers 112 9 123 61 232 537 Financial assets at fair value through other comprehensive income — — — — 2,453 2,453 Equity instruments — — — — 2,453 2,453 Hedging derivatives 368 857 748 1,270 1,518 4,761 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 429 (11) (304) 19 277 410 TOTAL FINANCIAL ASSETS 25,251 24,450 24,304 18,795 53,270 146,070 31 December 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 26,142 9,234 15,709 12,750 15,634 79,469 Derivatives 4,485 7,583 14,868 11,912 14,718 53,566 Shorts positions 8,559 1,290 728 743 916 12,236 Deposits 13,098 361 113 95 — 13,667 Central banks 1,038 — — — — 1,038 Credits institutions 5,919 361 113 95 — 6,488 Customers 6,141 — — — — 6,141 Marketable debt securities — — — — — — Other financial liabilities — — — — — — Financial liabilities designated at fair value through profit or loss 7,000 1,685 4,669 1,225 18,154 32,733 Deposits 6,874 1,246 2,801 764 15,594 27,279 Central banks 569 38 — — — 607 Credits institutions 237 487 30 178 132 1,064 Customers 6,068 721 2,771 586 15,462 25,608 Marketable debt securities A 126 439 1,868 461 2,560 5,454 Hedging derivatives 613 930 1,667 824 1,429 5,463 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 45 16 58 49 80 248 TOTAL FINANCIAL LIABILITIES 33,800 11,865 22,103 14,848 35,297 117,913 A. Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 123,529 27,587 51,999 49,781 9,841 262,737 Financial guarantees granted 3,617 4,251 1,749 687 454 10,758 Other commitments granted 52,359 12,008 7,297 1,539 2,530 75,733 MEMORANDUM ITEMS 179,505 43,846 61,045 52,007 12,825 349,228 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 12,494 27,753 22,473 18,014 34,211 114,945 Derivatives 9,556 10,044 15,526 13,681 18,330 67,137 Equity instruments — — — — 9,615 9,615 Debt securities 2,938 17,709 6,947 4,310 5,990 37,894 Loans and advances — — — 23 276 299 Credits institutions — — — 3 — 3 Customers — — — 20 276 296 Financial assets designated at fair value through profit or loss 27,334 7,205 3,680 3,933 6,565 48,717 Debt securities 259 162 407 719 1,432 2,979 Loans and advances 27,075 7,043 3,273 3,214 5,133 45,738 Central banks 9,481 — — — — 9,481 Credit institutions 8,449 2,728 590 12 357 12,136 Customers 9,145 4,315 2,683 3,202 4,776 24,121 Non-trading financial assets mandatorily at fair value through profit or loss 275 — — 69 4,142 4,486 Equity instruments — — — — 3,234 3,234 Debt instruments 85 — — — 615 700 Loans and advances 190 — — 69 293 552 Central banks — — — — — — Credits institutions — — — — — — Customers 190 — — 69 293 552 Financial assets at fair value through other comprehensive income — — — — 2,783 2,783 Equity instruments — — — — 2,783 2,783 Hedging derivatives 2,003 1,293 1,107 1,083 2,839 8,325 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 181 132 205 381 1,081 1,980 TOTAL FINANCIAL ASSETS 42,287 36,383 27,465 23,480 51,621 181,236 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 20,481 6,286 17,635 16,036 20,729 81,167 Derivatives 4,338 5,800 17,566 16,036 20,729 64,469 Shorts positions 16,143 486 69 — — 16,698 Deposits — — — — — — Central banks — — — — — — Credits institutions — — — — — — Customers — — — — — — Marketable debt securities — — — — — — Other financial liabilities — — — — — — Financial liabilities designated at fair value through profit or loss 15,200 2,228 2,893 1,121 26,596 48,038 Deposits 15,168 1,954 2,497 518 23,461 43,598 Central banks 1,707 783 — — — 2,490 Credits institutions 3,785 935 1,493 171 381 6,765 Customers 9,676 236 1,004 347 23,080 34,343 Marketable debt securities 32 274 396 603 3,135 4,440 Other financial liabilities — — — — — — Hedging derivatives 2,819 588 748 641 2,073 6,869 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 9 40 74 64 99 286 TOTAL FINANCIAL LIABILITIES 38,509 9,142 21,350 17,862 49,497 136,360 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 114,221 28,207 47,876 40,458 10,468 241,230 Financial guarantees granted 2,661 3,732 4,134 1,169 681 12,377 Other commitments granted 43,734 10,497 5,101 3,207 1,999 64,538 MEMORANDUM ITEMS 160,616 42,436 57,111 44,834 13,148 318,145 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 EUR million 2022 2021 2020 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 122,391 — 105,457 — 76,882 — Financial assets/liabilities held for trading 94,256 60,105 65,345 49,314 66,448 50,494 Non-trading financial assets mandatorily at fair value through profit or loss 3,210 — 2,460 — 2,248 — Other financial assets/liabilities at fair value through profit or loss 1,085 20,274 1,230 9,103 24,015 18,347 Financial assets at fair value through other comprehensive income 62,046 — 78,086 — 79,688 — Financial assets at amortized cost 747,138 — 680,774 — 610,152 — Investments 1,296 — 1,666 — 1,671 — Tangible assets 21,834 — 22,350 — 21,617 — Intangible assets 11,881 — 10,066 — 9,609 — Financial liabilities at amortized cost — 893,531 — 796,395 — 726,516 Liabilities under insurance contracts — 4 — 10 — 13 Other 23,886 24,372 22,631 20,420 26,433 22,801 1,089,023 998,286 990,065 875,242 918,763 818,171 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. 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 EUR million 2022 2021 2020 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 1,073,490 1,053,703 — 64,968 988,735 1,002,190 1,006,711 — 69,840 936,871 932,300 940,258 — 65,755 874,503 Debt securities 73,554 70,373 37,805 19,254 13,314 35,708 35,378 13,558 12,158 9,662 26,078 26,532 6,753 11,899 7,880 1,147,044 1,124,076 37,805 84,222 1,002,049 1,037,898 1,042,089 13,558 81,998 946,533 958,378 966,790 6,753 77,654 882,383 ii) Financial liabilities measured at other than fair value EUR million 2022 2021 2020 Liabilities A 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 1,111,887 1,108,918 — 258,701 850,217 1,078,587 1,076,876 — 286,613 790,263 990,391 990,807 — 263,517 727,290 Debt securities 274,912 263,191 106,169 124,939 32,083 240,709 246,697 109,346 115,034 22,317 230,829 241,174 91,771 125,031 24,372 1,386,799 1,372,109 106,169 383,640 882,300 1,319,296 1,323,573 109,346 401,647 812,580 1,221,220 1,231,981 91,771 388,548 751,662 A. At 31 December 2022, Grupo Santander had other financial liabilities that amounted to EUR 37,059 million, EUR 29,873 million in 2021 and EUR 26,968 million in 2020. The main valuation methods and inputs used in the estimates at 31 December 2022 of the fair values of the financial assets and liabilities in the foregoing table were as follows: • Financial assets at amortised cost: 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-. • 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 deposits 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. |
Primary and secondary segments
Primary and secondary segments reporting | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Primary and secondary segments reporting | Primary and secondary segments reporting Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. 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, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business. Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents. Grupo Santander executive committee has been determined to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. Grupo Santander 's executive committee reviews internal reporting based on these segments to assess performance and allocate resources. The segments are split by geographic area in which profits are earned and type of business. Grupo Santander prepares the information by aggregating the figures for Grupo Santander’s various geographic areas and business units, relating it to both the accounting data of the units integrated in each segment and that provided by management information systems. The same general principles as those used in Grupo Santander are applied. Grupo Santander announced at 4 April 2022 changes in the reportable segments to reflect the new reporting structure effective from the first quarter financial information of 2022. The main changes, which have been applied to management information for all periods included in the annual accounts, relate to the following: 1. Reallocation of certain financial costs of the Corporate Centre as follows: a. Further clarity in the minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) regulation makes it possible to allocate the cost of eligible debt issuances to the country units. b. Other financial costs, primarily associated with the cost of funding the excess capital held by the units above the Group's CET1 ratio, have been reassigned accordingly. 2. Downsizing of 'Other Europe': a. The Corporate & Investment Banking branches of Banco Santander, S.A. in Europe and other business lines previously reported under 'Other Europe' have been now integrated into the Spain unit to reflect how the business will be managed and supervised, in line with other regions. Grupo Santander recasted the corresponding information of earlier periods considering the changes included in this section to facilitate a homogeneous comparison. In addition to these changes, we completed the usual annual adjustment of the perimeter of the Global Customer Relationship Model between Retail Banking and Santander Corporate & Investment Banking and between Retail Banking and Wealth Management & Insurance. The above-mentioned changes have no impact on the Group’s reported consolidated financial statements. 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 Centre. The operating areas are: • Europe: which comprises all business activity carried out in the region, except that included in Digital Consumer Bank. • North America: which comprises all the business activities carried out in Mexico and the US, which includes the holding company (SHUSA) and the businesses of Santander Bank, Santander Consumer USA, the specialized business unit Banco Santander International, Santander Investment Securities (SIS), Santander's New York branch and Amherst Pierpont Securities (APS). • South America: includes all the financial activities carried out by Grupo Santander through its banks and subsidiary banks in the region. • Digital Consumer Bank: includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank and ODS. In addition to these operating units, which report by geographic area and businesses, Grupo Santander continues to maintain the area of Corporate Centre, that includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of Grupo Santander’s assets and liabilities committee, as well as management of liquidity and of shareholders’ equity via issuances. As Grupo Santander’s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the rest of businesses. It also incorporates amortization of goodwill but not the costs related to the Grupo Santander’s central services (charged to the areas), except for corporate and institutional expenses related to the Grupo Santander’s functioning. 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 Grupo Santander'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: EUR million 2022 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 958,207 288,595 292,925 151,015 262,218 (218,301) 1,734,659 Loans and advances to customers 591,280 171,519 144,812 122,608 5,785 — 1,036,004 Cash, balances at central banks and credit institutions and other deposits on demand 216,308 35,607 52,358 12,311 123,230 (126,078) 313,736 Debt securities 76,318 44,060 57,106 7,644 8,588 — 193,716 Other financial assets A 47,737 14,668 19,854 190 271 — 82,720 Other asset accounts B 26,564 22,741 18,795 8,262 124,344 (92,223) 108,483 Total liabilities 915,167 262,931 268,417 137,986 178,651 (126,078) 1,637,074 Customer deposits 659,553 168,748 137,661 58,544 895 — 1,025,401 Central banks and credit institutions 112,254 25,294 42,921 39,169 71,225 (126,078) 164,785 Marketable debt securities 71,731 41,063 35,063 33,749 98,733 — 280,339 Other financial liabilities C 60,008 20,883 41,445 1,820 309 — 124,465 Other liabilities accounts D 11,621 6,943 11,327 4,704 7,489 — 42,084 Total equity 43,040 25,664 24,508 13,029 83,567 (92,223) 97,585 Other customer funds under management 100,178 15,571 65,251 880 — — 181,880 Investment funds 70,084 13,949 58,156 — — — 142,189 Pension funds 13,940 81 — — — — 14,021 Assets under management 16,154 1,541 7,095 880 — — 25,670 Other non-managed marketed customer funds 23,305 20,908 1,077 3,089 — — 48,379 A. Including Trading derivatives and Equity instruments. B. Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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. EUR million 2021 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 943,875 244,734 257,805 148,005 215,467 (214,051) 1,595,835 Loans and advances to customers 590,610 137,428 123,920 113,937 6,787 — 972,682 Cash, balances at central banks and credit institutions and other deposits on demand 219,154 34,857 43,134 21,804 88,918 (125,195) 282,672 Debt securities 67,068 38,500 51,451 5,280 1,554 — 163,853 Other financial assets A 37,250 12,555 23,809 47 2,203 — 75,864 Other asset accounts B 29,793 21,394 15,491 6,937 116,005 (88,856) 100,764 Total liabilities 899,007 216,048 237,375 135,599 135,950 (125,197) 1,498,782 Customer deposits 619,486 121,989 120,500 55,327 1,042 — 918,344 Central banks and credit institutions 156,257 35,152 44,314 37,600 53,063 (125,197) 201,189 Marketable debt securities 73,629 38,061 23,461 36,710 74,302 — 246,163 Other financial liabilities C 38,706 14,652 40,490 1,397 430 — 95,675 Other liabilities accounts D 10,929 6,194 8,610 4,565 7,113 — 37,411 Total equity 44,868 28,686 20,430 12,406 79,517 (88,854) 97,053 Other customer funds under management 114,698 13,949 57,428 852 — — 186,927 Investment funds 82,641 12,112 51,234 — — — 145,987 Pension funds 15,994 84 — — — — 16,078 Assets under management 16,063 1,753 6,194 852 — — 24,862 Other non-managed marketed customer funds 25,572 20,213 103 2,497 — — 48,385 A. Including Trading derivatives and Equity instruments. B. Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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. EUR million 2020 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 909,304 223,797 238,746 137,155 182,587 (183,339) 1,508,250 Loans and advances to customers 563,581 120,571 113,745 113,258 5,044 — 916,199 Cash, balances at central banks and credit institutions and other deposits on demand 180,245 28,666 43,154 12,058 61,174 (99,501) 225,796 Debt securities 81,271 38,403 49,304 5,659 1,917 — 176,554 Other financial assets A 48,313 15,439 17,342 30 1,645 — 82,769 Other asset accounts B 35,894 20,718 15,201 6,150 112,807 (83,838) 106,932 Total liabilities 866,949 199,789 218,927 124,720 106,044 (99,501) 1,416,928 Customer deposits 582,353 102,924 111,808 51,399 826 — 849,310 Central banks and credit institutions 133,973 38,071 42,049 32,046 38,041 (99,501) 184,679 Marketable debt securities 84,201 36,583 21,280 35,965 57,240 — 235,269 Other financial liabilities C 54,634 16,182 35,456 1,370 493 — 108,135 Other liabilities accounts D 11,788 6,029 8,334 3,940 9,444 — 39,535 Total equity 42,355 24,008 19,819 12,435 76,543 (83,838) 91,322 Other customer funds under management 99,301 12,501 55,965 475 12 — 168,254 Investment funds 71,239 10,864 49,850 — 12 — 131,965 Pension funds 15,487 90 — — — — 15,577 Assets under management 12,575 1,547 6,115 475 — — 20,712 Other non-managed marketed customer funds 21,913 15,920 72 658 — — 38,563 A. Including 'Trading derivatives' and 'Equity instruments'. B. Including 'Hedging derivatives', 'Changes in the fair value of hedged items in portfolio hedges of interest risk', 'Investments in joint ventures and associated entities'', 'Assets under insurance or reinsurance contracts', 'Tangible assets', 'Intangible assets', 'Tax assets', other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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: EUR million 2022 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate centre Total Net interest income 12,565 9,705 12,979 4,022 (652) 38,619 Net fee income 4,493 1,958 4,515 843 (19) 11,790 Gains (losses) on financial transactions A 821 204 1,291 60 (723) 1,653 Other operating income B 151 449 (761) 344 (91) 92 Total income 18,030 12,316 18,024 5,269 (1,485) 52,154 Administrative expenses, depreciation and amortisation (8,523) (5,871) (6,675) (2,462) (372) (23,903) Net operating income C 9,507 6,445 11,349 2,807 (1,857) 28,251 Net loan-loss provisions D (2,396) (2,538) (5,041) (544) 10 (10,509) Other gains (losses) and provisions E (1,629) (118) (544) (27) (174) (2,492) Operating profit/(loss) before tax 5,482 3,789 5,764 2,236 (2,021) 15,250 Tax on profit (1,492) (869) (1,549) (549) (27) (4,486) Profit from continuing operations 3,990 2,920 4,215 1,687 (2,048) 10,764 Net profit from discontinued operations — — — — — — Consolidated profit 3,990 2,920 4,215 1,687 (2,048) 10,764 Non-controlling interests 179 43 557 379 1 1,159 Attributable profit to the parent 3,811 2,877 3,658 1,308 (2,049) 9,605 A. 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. B. 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. C. '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. D. '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 27 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. E. 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 27 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. EUR million 2021 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 10,574 8,072 11,307 4,041 (624) 33,370 Net fee income 4,344 1,644 3,721 821 (28) 10,502 Gains (losses) on financial transactions A 756 224 716 8 (141) 1,563 Other operating income B 260 914 (407) 229 (27) 969 Total income 15,934 10,854 15,337 5,099 (820) 46,404 Administrative expenses, depreciation and amortisation (8,318) (4,967) (5,379) (2,405) (346) (21,415) Net operating income C 7,616 5,887 9,958 2,694 (1,166) 24,989 Net loan-loss provisions D (2,293) (1,210) (3,251) (527) (155) (7,436) Other gains (losses) and provisions E (1,290) (145) (474) (194) (190) (2,293) Operating profit/(loss) before tax 4,033 4,532 6,233 1,973 (1,511) 15,260 Tax on profit (1,212) (1,016) (2,360) (464) (24) (5,076) Profit from continuing operations 2,821 3,516 3,873 1,509 (1,535) 10,184 Net profit from discontinued operations — — — — — — Consolidated profit 2,821 3,516 3,873 1,509 (1,535) 10,184 Non-controlling interests 71 556 556 345 2 1,530 Attributable profit to the parent 2,750 2,960 3,317 1,164 (1,537) 8,654 A. 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. B. 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. C. '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. D. '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 an addition of EUR 29 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. E. 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 an addition of EUR 29 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. EUR million 2020 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,518 8,394 10,710 4,014 (642) 31,994 Net fee income 4,000 1,684 3,589 771 (29) 10,015 Gains (losses) on financial transactions A 868 251 765 16 287 2,187 Other operating income B (106) 628 (209) 116 (25) 404 Total income 14,280 10,957 14,855 4,917 (409) 44,600 Administrative expenses, depreciation and amortisation (8,275) (4,677) (5,357) (2,329) (329) (20,967) Net operating income C 6,005 6,280 9,498 2,588 (738) 23,633 Net loan-loss provisions D (3,345) (3,917) (3,924) (957) (31) (12,174) Other gains (losses) and provisions E (970) (132) (320) 49 (412) (1,785) Operating profit/(loss) before tax 1,690 2,231 5,254 1,680 (1,181) 9,674 Tax on profit (476) (550) (1,918) (421) (151) (3,516) Profit from continuing operations 1,214 1,681 3,336 1,259 (1,332) 6,158 Net profit from discontinued operations — — — — — — Consolidated profit 1,214 1,681 3,336 1,259 (1,332) 6,158 Non-controlling interests 78 261 437 301 — 1,077 Attributable profit to the parent 1,136 1,420 2,899 958 (1,332) 5,081 A. 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. B. 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. C. '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. D. '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 an addition 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. E. 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 an addition 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, Grupo Santander is structured into Retail Banking, Santander Corporate & Investment Banking (SCIB), Wealth Management & Insurance (WM&I) and PagoNxt. • Retail Banking: this covers all customer banking businesses, including consumer finance, except those of corporate banking which are managed through Santander Corporate & Investment Banking, asset management, private banking and insurance, which are managed by WM&I. The results of the hedging positions in each country are also included, conducted within the sphere of their respective assets and liabilities committees. • 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 equity business. • Wealth Management & Insurance: includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland (Santander Private Banking) and the insurance business (Santander Insurance). • PagoNxt: this includes digital payment solutions, providing global technology solutions for Grupo Santander's banks and new customers in the open market. It is structured in four businesses: Merchant, International Trade, Payments and Consumer. Although WM&I and PagoNxt do not meet the quantitative thresholds defined in IFRS 8, these segments are considered reportable by Grupo Santander and are disclosed separately because Grupo Santander's management believes that information about these segments are useful to users of the financial statements. There are no customers located in a place different from the location of the Group's assets that generate revenues in excess of 10% of ordinary revenues. The condensed income statements are as follows: EUR million 2022 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance PagoNxt Corporate centre Total Net interest income 34,880 3,544 825 22 (652) 38,619 Net fee income 7,650 1,988 1,291 881 (19) 11,790 Gains (losses) on financial transactions A 435 1,833 123 (14) (723) 1,653 Other operating income B (280) 31 369 64 (91) 92 Total income 42,685 7,396 2,608 953 (1,485) 52,154 Administrative expenses, depreciation and amortisation (18,568) (2,898) (1,041) (1,024) (372) (23,903) Net operating income C 24,117 4,498 1,567 (71) (1,857) 28,251 Net loan-loss provisions D (10,210) (251) (14) (44) 10 (10,509) Other gains (losses) and provisions E (2,135) (131) (26) (26) (174) (2,492) Operating profit/(loss) before tax 11,772 4,116 1,527 (141) (2,021) 15,250 Tax on profit (2,931) (1,119) (347) (63) (27) (4,486) Profit/(loss) from continuing operations 8,841 2,997 1,180 (204) (2,048) 10,764 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,841 2,997 1,180 (204) (2,048) 10,764 Non-controlling interests 895 192 60 12 1 1,159 Attributable profit/(loss) to the parent 7,946 2,805 1,120 (216) (2,049) 9,605 A. 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. B. 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. C. 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. D. 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 an addition of EUR 27 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. E. 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 an addition of EUR 27 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. EUR million 2021 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 30,595 2,921 477 1 (624) 33,370 Net fee income 7,045 1,744 1,248 493 (28) 10,502 Gains (losses) on financial transactions A 839 766 100 (1) (141) 1,563 Other operating income B 390 188 416 2 (27) 969 Total income 38,869 5,619 2,241 495 (820) 46,404 Administrative expenses, depreciation and amortisation (17,102) (2,380) (914) (673) (346) (21,415) Net operating income C 21,767 3,239 1,327 (178) (1,166) 24,989 Net loan-loss provisions D (7,082) (151) (38) (10) (155) (7,436) Other gains (losses) and provisions E (2,053) (17) 6 (39) (190) (2,293) Operating profit/(loss) before tax 12,632 3,071 1,295 (227) (1,511) 15,260 Tax on profit (3,898) (821) (309) (24) (24) (5,076) Profit/(loss) from continuing operations 8,734 2,250 986 (251) (1,535) 10,184 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,734 2,250 986 (251) (1,535) 10,184 Non-controlling interests 1,345 137 44 2 2 1,530 Attributable profit/(loss) to the parent 7,389 2,113 942 (253) (1,537) 8,654 A. 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. B. 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. C. 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. D. 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 29 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. E. 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 29 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. EUR million 2020 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 29,401 2,842 394 (1) (642) 31,994 Net fee income 6,986 1,542 1,154 362 (29) 10,015 Gains (losses) on financial transactions A 1,132 670 99 (1) 287 2,187 Other operating income B (153) 202 383 (3) (25) 404 Total income 37,366 5,256 2,030 357 (409) 44,600 Administrative expenses, depreciation and amortisation (17,285) (2,038) (872) (443) (329) (20,967) Net operating income C 20,081 3,218 1,158 (86) (738) 23,633 Net loan-loss provisions D (11 |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2022 | |
Related party transactions [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 recognized. EUR million 2022 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 10,257 — 13 455 Cash, cash balances at central banks and other deposits on demand 227 — — — Loans and advances: credit institutions 489 — — — Loans and advances: customers 8,822 — 13 455 Debt securities 463 — — — Others 256 — — — Liabilities 3,611 11 11 109 Financial liabilities: credit institutions 938 — — — Financial liabilities: customers 2,301 11 11 109 Marketable debt securities — — — — Others 372 — — — Income statement 1,357 — — 2 Interest income 189 — — 1 Interest expense (60) — — — Gains/losses on financial assets and liabilities and others (225) — — — Commission income 1,541 — — 1 Commission expense (88) — — — Other 3,535 2 2 79 Financial guarantees granted and Others 11 1 1 23 Loan commitments and Other commitments granted 201 1 1 13 Derivative financial instruments 3,323 — — 43 EUR million 2021 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,386 — 14 384 Cash, cash balances at central banks and other deposits on demand 131 — — — Loans and advances: credit institutions 437 — — — Loans and advances: customers 8,148 — 14 384 Debt securities 496 — — — Others 174 — — — Liabilities 3,405 8 11 197 Financial liabilities: credit institutions 867 — — — Financial liabilities: customers 2,464 8 11 197 Marketable debt securities — — — — Others 74 — — — Income statement 1,265 — — 1 Interest income 90 — — 1 Interest expense (13) — — — Gains/losses on financial assets and liabilities and others (32) — — — Commission income 1,268 — — — Commission expense (48) — — — Other 3,965 2 2 76 Financial guarantees granted and Others 11 1 1 17 Loan commitments and Other commitments granted 314 1 1 13 Derivative financial instruments 3,640 — — 46 EUR million 2020 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 8,473 — 24 95 Cash, cash balances at central banks and other deposits on demand 151 — — — Loans and advances: credit institutions 562 — — — Loans and advances: customers 6,934 — 24 95 Debt securities 423 — — — Others 403 — — — Liabilities 3,593 4 16 159 Financial liabilities: credit institutions 944 — — — Financial liabilities: customers 2,557 4 16 159 Marketable debt securities 12 — — — Others 80 — — — Income statement 1,269 — — 3 Interest income 106 — — 2 Interest expense (8) — — — Gains/losses on financial assets and liabilities and others 49 — — — Commission income 1,154 — — 1 Commission expense (32) — — — Other 4,097 1 1 52 Financial guarantees granted and Others 14 — — 3 Loan commitments and Other commitments granted 253 1 1 13 Derivative financial instruments 3,830 — — 36 The remaining required information is detailed in notes 5 and 46.c. |
Risk management
Risk management | 12 Months Ended |
Dec. 31, 2022 | |
Risk Management [Abstract] | |
Risk management | Risk management a) Risk principles and culture The principles on which Grupo Santander's risk management and control are based are detailed below. They take into account regulatory requirements, best market practices and are mandatory: 1. All employees are risk managers who must understand the risks associated with their functions and not assume risks that will exceed the Group’s risk appetite or have an unknown impact. 2. Senior managers must make sure Grupo Santander keeps its risk profile within risk appetite, with consistent risk conduct, action, communications, and oversight of our risk culture. 3. Independent risk management and control functions , according to the three lines of defence model of Grupo Santander. 4. Grupo Santander takes a forward-looking, comprehensive approach towards all businesses and risk types. 5. Santander keeps thorough and timely reporting to properly pinpoint, assess, manage and disclose risks. 1. Key risk types Grupo Santander's risks categorization ensures effective risk management, control and reporting. The risk framework distinguishes these risk types: • Credit risk relates to financial loss arising from the default or credit quality deterioration of a customer or counterparty, to which Santander has directly provided credit or assumed a contractual obligation. • Market risk results from changes in interest rates, exchange rates, equities, commodities and other market factors, and from their effect on profit or capital. It includes the structural risk relates to market movements or balance sheets behaviour will change the value or profit generation of assets or liabilities in the banking book. • Liquidity risk occurs if liquid financial resources are insufficient or too costly to obtain in order to meet liabilities when they fall due. • Capital risk is the risk that arises from the possibility of having an inadequate quantity or quality of capital to meet internal business objectives, regulatory requirements or market expectations in the area of structural risk. Grupo Santander also takes into account, on an ongoing basis in its management of the risk function, operational (includes fraud, technological, cyber, legal and conduct risks), financial crime (includes, among others, money laundering, terrorism financing, violation of international sanctions, corruption, bribery and tax evasion), model, structural (includes risks associated with insurance and pensions), reputational and strategic risks. Besides, environmental and climate-related risk drivers are considered as factors that could impact the existing risks in the medium-to-long-term. These elements include, on the one hand, those derived from the physical effects of climate change, generated by one-off events as well as by chronic changes in the environment and, on the other hand, those derived from the process of transition to a development model with lower emissions, including legislative, technological or behaviour of economic agents changes. Climate change and environmental risk could affect other risks in different time horizons on account of physical damage, as well as factors relating to the transition to a more sustainable economy, such as legislative reform, technology and economic agents. Given the nature of its operations, the Group has no environment-related liabilities, expenses, assets or contingencies of a material relevance to its consolidated equity, financial situation and results. Most exposures in sectors potentially affected by climate change risk are with wholesale clients, whose preliminary reviews, credit approval and credit ratings take such risk into account. Customers’ ratings determine the parameters for calculating loan loss (typically in terms of probability of default or “PD”). Thus, when climate factors are relevant, in conjunction with other elements of analysis, they have an impact on the loan loss calculations which support capital and provisions. The Group also passed the recent regulatory climate stress tests, which had been classified as learning exercises for the industry. Results showed that the Group’s coverage for potential losses would be sufficient in view of portfolio maturity over time. Therefore, based on the best information available at the time these consolidated annual financial statements were prepared, the Group sees no additional environmental or climate change risk having a substantial impact on its equity, financial situation and results in 2022. Still, this matter is constantly changing, and, like other banks, the Group is working on developing more methodologies to better measure potential loan loss in line with new management needs, best practice, and regulators’ and supervisors’ requirements . 2. Risk and compliance governance Grupo Santander robust risk and compliance governance structure allows us to conduct effective oversight in line with our risk appetite. It stands on three lines of defence, a structure of committees and strong Group-subsidiary relations, guided by our risk culture, Risk Pro. 2.1 Lines of defence Grupo Santander model of three lines of defence effectively manages and controls risks: – First line: formed by business and support areas, which are primarily accountable for managing the risk exposure they originate, recognizes, measures, monitors and reports on risks according to risk management policies, models and procedures. Risk origination must be consistent with the approved risk appetite and related limits. – Second line: formed by risk and compliance & conduct functions, independently oversees and challenges risk management at the first line of defence to make sure Grupo Santander keeps risks within risk appetite approved by senior management and promote Risk Pro in the Group. – Third line: Internal audit function, is fully independent to give the board and senior managers assurance of high-quality and efficient risk governance and management to preserve our value, solvency and reputation. Risk, compliance & conduct, and internal audit are sufficiently separate and autonomous functions, with direct access to the board and its committees. 2.2 Risk committee structure The board of directors has final oversight of risk management and compliance promoting a sound risk culture and reviewing and approving risk appetite and frameworks, with support from its risk, regulation and compliance committee and its executive committee. The Group's risk governance keeps risk control and risk-taking areas separate. The Group chief risk officer (Group CRO) , who leads the application and execution of risk strategy and promotes proper risk culture, is in charge of overseeing all risks and challenging and advising business lines on risk management. The Group chief compliance officer (Group CCO) , who handles compliance risk and leads the application and execution of the compliance and conduct risk strategy and provides the Group CRO with a complete overview on the situation of risks being monitored. The Group CRO and the Group CCO report directly to both the risk supervision, regulation and compliance committee and the board of directors. The executive risk, risk control and compliance and conduct committees are executive committees with powers delegated from the board. Furthermore, risk functions have forums and regular meetings to manage and control the risks within their purview. Executive committees also delegate some duties to subordinate forums. Their responsibilities include: • Inform the Group CRO, the Group CCO, the risk control committee and the compliance and conduct committee if risks are being managed within risk appetite; • Regularly monitor each key risk type; and • Overseeing measures to meet supervisors and auditors' expectations. Besides, Grupo Santander, in order to establish an adequate control environment for the management of each risk types, the Risk and Compliance and Conduct functions have effective internal regulation to create the right environment to manage and control all risks. Grupo Santander can also implement extra governance measures for special situations, as it did with Brexit and the covid-19 crisis. Since the beginning of the war in Ukraine, Santander has strengthened the monitoring of all risks, with special attention to the situation in Poland, monitoring of macroeconomic performance, vulnerable sectors/customers, cybersecurity, among other. In addition, the compliance team have continuously reviewed the application of the sanctions. Santander has no presence in, or hardly any direct exposure to, Russia and Ukraine. Our special situations governance enabled the Group to remain resilient against the consequences of the war in Ukraine. 2.3 The Group's relationship with subsidiaries Grupo Santander subsidiaries have a model for managing risk, compliance and conduct that is consistent with the frameworks approved by the group’s board of directors, which they adhere to through their own boards and can only adapt to higher standards according to local law and regulation. Furthermore, the Group's aggregate oversight area advises and validates subsidiaries on internal regulation and operations. This reinforces a common risk management model across Santander. In 2022, Grupo Santander continued to build on our Group-subsidiaries’ model through a regional approach, benefiting from the Group's global scale to find synergy for standard operations and platforms; to streamline processes; and tighten control mechanisms to grow our business. The Group CRO, the Group CCO and regional heads of risk are involved in appointing, setting objectives for, reviewing and compensating their country-unit counterparts to promote proper risk management. Each subsidiary CRO/CCO interacts regularly with the regional head of risk, the Group CRO and the Group CCO in regional or country control meetings. Local and global risk and compliance areas also meet to address special matters. Country and regional units work closely to effectively strengthen group-subsidiary relations through these common initiatives: • restructuring based on subsidiary benchmarks, strategic vision, and advanced risk management infrastructures and practices. • exchange of best practices that will strengthen processes, drive innovation and result in a quantitative impact. • search for talent in risk and compliance teams with internal mobility through the global risk talent programme and strong succession plans. 3. Management processes and tools Grupo Santander has these effective risk management processes and tools: 3.1 Risk appetite and structure of limits Risk appetite is the aggregate level and types of risk that Grupo Santander deems prudent for our business strategy, even in unforeseen circumstances. In Grupo Santander, these principles influence risk appetite: • Risk appetite is part of the board's duties. It prepares the risk appetite statement (RAS) for the whole Group every year. In a cascading down process, each subsidiary's board also sets its own risk appetite. • Comprehensiveness and forward-looking approach. Our appetite includes of all material risks that Santander are exposed to and defines our target risk profile for the current and medium term with a forward-looking view considering stress scenarios. • Common standards and embedding in the day-to-day risk management. Common standards and embedding in the day-to-day risk management. The Group shares the same risk appetite model, which sets common requirements for processes, metrics, governance bodies, controls and standards.. It also ensures an effective and traceable embedding of our appetite into more granular management policies and limits across our subsidiaries. • Continuous adaptation to market best practices, regulatory requirements and supervisors’ expectations. • Aligning with business plans and strategy. The risk appetite is a key point of reference for strategic and business planning. Grupo Santander verifies that the three-year strategic plans, the annual budget and capital and liquidity planning are within the limits set in the RAS before Santander approves them. Grupo Santander's risk appetite and business model rest on the following elements: • A medium-low, predictable target risk profile, centred on retail and commercial banking, internationally diversified operations and a strong market share; • Stable, recurrent earnings and shareholder remuneration, sustained by a sound base of capital, liquidity and sources of funding; • Autonomous subsidiaries that are self-sufficient in terms of capital and liquidity to ensure their risk profiles won't compromise the Group’s solvency; • An independent Risk function and a senior management actively engaged in supporting a robust control environment and risk culture; and • A conduct model that protects our customers and our Simple, Personal and Fair culture. The risk appetite is expressed through qualitative statements and limits on metrics representative of the bank’s risk profile at present and under stress. Those metrics cover all risk types according to our corporate risk framework. Grupo Santander articulates them in five axes that provide the Bank with a holistic view of all risks it incurs in the development of its business model. These five axes are applicable to all Santander's key risk types, and comprise: • P&L volatility: Control of P&L volatility of business plan under baseline and stressed conditions (aligned with ICAAP stress test) • Solvency: Control of capital ratios under baseline and stressed scenarios (aligned with ICAAP) • Liquidity: Control of liquidity ratios under base and stress scenarios (aligned with ILAAP) • Concentration: Control of credit concentration on top clients, portfolios and industries • Non financial: Control on non financial risks aimed to minimize events which could lead to financial loss, operative, technological, legal and regulatory breaches, conduct issues or reputational damage. 1. Introduction to the credit risk treatment Credit risk is the risk of financial loss due to the failure to pay or impaired credit of a customer or counterparty Grupo Santander has financed or maintains a contractual obligation with. It includes counterparty risk, country risk and sovereign risk. It is our most significant risk in terms of exposure and capital consumption. Credit risk management Grupo Santander takes a holistic view of the credit risk cycle, including the transaction, the customer and the portfolio, in order to identify, analyse, control and decide on credit risk. Credit risk identification facilitates active and effective portfolio management and control. Grupo Santander classify external and internal risk in each business to adopt any corrective or mitigating measures through: 1.1. Planning Grupo Santander´s planning helps to set business targets and draw up action plans within our risk appetite statement. Strategic commercial plans (SCP) are a management and control tool the business and risk areas prepare for Grupo Santander's credit portfolios. They determine commercial strategies, risk policies, resources and infrastructure, ensuring a holistic view of the portfolios. They provide managers with an updated view of portfolio credit quality to measure credit risk, run internal controls to regularly monitor credit strategy detect significant risk deviation and potential impacts, and take corrective action. They are suited to the Grupo Santander's risk appetite and subsidiaries’ capital targets, having been reviewed and pre-approved by senior managers before Group management revises and validates them. 1.2. Risk assessment and credit rating Risk approval generally depends on the applicant’s ability to repay the debt, regardless of any collateral or personal guarantees the Bank requires. Grupo Santander reviews their regular sources of income, including funds and net cash flows from any businesses. Grupo Santander monitors credit rating drivers to calibrate the decisions and ratings that Group credit quality assessment models determine. Risk management uses these ratings for many things like applying approval limits, pre-approvals, monitoring risk, and policies on pricing credit. Grupo Santander then uses rating models to measure ability to pay. Depending on each segment, credit rating drivers can be: • Rating: from mathematical algorithms that have a quantitative model based on balance sheet ratios or macroeconomic variables, and a qualitative module supplemented by the credit analyst’s expert judgement. It is used for SCIB, corporate, institutional and SME segments (with individualised treatment). • Scoring: system of automatic evaluation of loan applications. It automatically assigns customers an individual score retail on which the subsequent decision is based. It is used for SME segments without an assigned analyst. Grupo Santander's parameter estimation models, based on econometric models of past defaults and losses, calculate economic and regulatory capital as well as IFRS 9 provisions for each customer portfolio. Grupo Santander regularly monitors and evaluates models' suitability, predictive capacity, performance, granularity, and compliance with policy, among other factors. Grupo Santander reviews ratings with the latest financial and other relevant information to assess credit risk due to depreciation caused by customers’ lower creditworthiness and manage credit portfolios according to the risk appetite and profile target set out in SCPs, with exposure limits adjusted to an acceptable level for each portfolio and counterparty and for new loan originations. Grupo Santander uses SCPs to manage credit portfolios, defining limits for each of them and for new originations, in line with the Group´s credit risk appetite and its target risk profile. Transposing the risk appetite to portfolio management strengthens controls over our credit portfolios. Grupo Santander´s limits, pre-classifications and pre-approvals processes, which are highly automated and digitalized, determine the risk Grupo Santander can assume with each customer. Limits are approved by the executive risk committee (or delegated committees) and should reflect a transaction’s expected risk-return. Santander also uses risk-based pricing tools to make sure portfolio growth is sustainable. Grupo Santander applies various limits models to each segment: • Large corporate groups are subject to a pre-classification model based on a system for measuring and monitoring economic capital. Pre-classification models express the level of risk Grupo Santander is willing to assume in transactions with customers/groups. • Corporates and institutions that meet certain requirements (strong relationships, rating, etc.) are subject to a simpler pre-classification model that sets a recommended risk level for each customer. Transactions above certain limits or with special characteristics could require approval from a senior credit analyst or a committee. Transactions with large corporates, corporates and institutions above certain limits or with special characteristics could require approval from a senior credit analyst or a committee. • For individual customers and SMEs with low turnover, Grupo Santander manages large volumes of credit transactions with automatic decision models to classify customers and transactions. 1.3. Scenario analysis Grupo Santander´s scenario analyses determine the potential risks in its credit portfolios and provide a better understanding of our portfolios' performance under various macroeconomic conditions. They allow us to anticipate management strategies that will avoid future deviations from defined plans and targets. They simulate the impact of alternative scenarios in portfolios’ credit parameters (PD, LGD) and expected credit losses. Grupo Santander compares findings with portfolios’ credit profile indicators to find the right measures for managers to take. Credit risk management of portfolios and SCPs incorporate scenario analyses. 1.4. Monitoring Regularly monitoring business performance and comparing it to pre-defined plans is key to our management of risk. Grupo Santander's holistic monitoring of customers helps detect impacts on risk performance and credit quality early. The monitoring process considers projections on the performance of the operations and their characteristics, in addition to any variation in their classification. Anticipation and preventive monitoring uses transactional data sources and advanced analytics (early warning engine) which determines specific actions at the client level, based on the assigned monitoring classification. Monitoring is performed by local and global risk teams and is based on customer segmentation: • For SCIB, monitoring is initially a function of business managers and risk analysts which provide an up-to-date view of customers’ credit quality to predict a potential customer's deterioration. • For commercial banking, institutions and SMEs assigned a credit analyst, Grupo Santander tracks customers requiring closer monitoring and review their ratings based on relevant indicators. • Monitoring of individual customers, businesses and smaller SMEs follows a system of automatic alerts to detect shifts in portfolios’ performance. Monitoring uses the Santander Customer Assessment Note (SCAN) tool. Grupo Santander fully rolled it out in our subsidiaries in 2019. It helps set individual monitoring levels and frequencies, policies, and actions for customers based on credit quality and particular circumstances. In addition to monitoring customer credit quality, Grupo Santander defines control procedures to analyse portfolios and performance, as well as any deviations from planning or approved alert levels. 1.5. Credit risk mitigation techniques Grupo Santander generally approves risk according to a borrower’s ability to make due payment, regardless of any additional collateral or personal guarantees Santander may require to modulate exposure. To determine ability to pay, the Group analyse funds or cash flows from businesses or other regular income, not including guarantors or loan collateral which are always considered as a secondary means of recourse. In general, guarantees are to reinforce a credit transaction and mitigate a loss if the borrower defaults. Our techniques to mitigate credit risk cover various types of customer and product. Some are for specific transactions (e.g. property) or a series of transactions (e.g. derivatives netting and collateral). Santander groups them by personal guarantees (with a solvent guarantor), collateral (mainly in primary residence mortgages) and hedges with credit derivatives. The correct acceptance of these mitigation techniques is established by ensuring their legal enforceability in all jurisdictions. The entire process is subject to internal control and effective monitoring of the valuation of the guarantees, especially mortgages. 1.6. Collections & recoveries management Collections & recoveries, an important area in risk management, develops a global management strategy based on local economic conditions, business models and other recovery-related particulars, with a full approach and general action lines for our subsidiaries. Recovery management follows regulatory requirements set out in the EBA Guidelines on the management of non-performing and forborne exposures. For effective and efficient recoveries management, the area segments customers based on certain aspects, using new digital channels that help create value in Collections & Recoveries. It follows hi-tech, digital procedures to handle large groups of similar customer profiles and products; but it also adapts management for customers who need an assigned manager and tailored approach. Collections & Recoveries splits recoveries into four phases: arrears/early delinquency, default, write-offs and foreclosed assets. To recover debt, the Group always seeks alternatives to court action, like forbearance and other arrears management techniques. Grupo Santander also reviews debt instruments individually and treat them as write-offs (even when they’re not past due) if the Group sees signs of irreversible impairment that suggest recovery to be remote. Though this may lead us to cancel all or part of the gross carrying amount, the Group never interrupt negotiations and legal proceedings to recover debt. In markets where the real estate risk exposure is high, Grupo Santander can take action to quickly dispose of assets, like selling off portfolios or foreclosed assets with efficient sales instruments to recover as many on-balance-sheet assets as possible. 2. Main aggregates and variations Following are the main aggregates relating to credit risk from our activities with customers: Main credit risk performance metrics from activity with customers A December data Credit risk with customers B Credit impaired loans NPL ratio (%) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Europe 639,996 636,123 606,997 15,186 19,822 20,272 2.37 3.12 3.34 Spain 293,197 283,953 272,154 9,598 13,403 14,053 3.27 4.72 5.16 UK 253,455 262,869 252,255 3,059 3,766 3,138 1.21 1.43 1.24 Portugal 41,755 41,941 40,693 1,247 1,442 1,584 2.99 3.44 3.89 Poland 33,350 33,497 31,578 1,268 1,210 1,496 3.80 3.61 4.74 North America 185,614 149,792 131,626 5,629 3,632 2,938 3.03 2.42 2.23 US 140,452 112,808 99,135 4,571 2,624 2,025 3.25 2.33 2.04 Mexico 45,107 36,984 32,476 1,047 1,009 913 2.32 2.73 2.81 South America 167,348 141,874 129,590 10,381 6,387 5,688 6.20 4.50 4.39 Brazil 101,801 85,702 74,712 7,705 4,182 3,429 7.57 4.88 4.59 Chile 47,811 41,479 42,826 2,384 1,838 2,051 4.99 4.43 4.79 Argentina 5,844 5,481 4,418 122 198 93 2.08 3.61 2.11 Digital Consumer Bank 125,339 116,989 116,381 2,583 2,490 2,525 2.06 2.13 2.17 Corporate Centre 5,824 6,337 4,862 894 903 344 15.35 14.38 7.08 Total Group 1,124,121 1,051,115 989,456 34,673 33,234 31,767 3.08 3.16 3.21 A. Management perimeter according to the reported segments B. Includes gross lending to customers, guarantees and documentary credits. Key figures by geographic region are described below at 31 December 2022: • Europe: The NPL ratio fell 75 bps to 2.37% from 2021 because impaired loans decreased significantly in the UK, and in Spain and Portugal due to the NPL portfolio sales. • North America: The NPL ratio increased 61 bps to 3.03% from 2021, mainly due to increases at SC USA motivated by the new definition of default. • South America: The NPL ratio rose 170 bp from 2021 to 6.20%, due to increases in Brazil (mainly due to the retail unsecured portfolio performance and a single name in SCIB) and Chile, offset by the decrease in Argentina. • Digital Consumer Bank: The NPL ratio decreased 7 bps to 2.06%, despite the decrease in automobile financing. All support measures (moratoria) that the Group took in response to the covid-19 pandemic have expired, with positive behaviour thanks to economic recovery in 2021,and improved sanitary-health environment in our main geographies. Government liquidity programmes also remained in force in 2022, of which 77% of total credit granted was in Spain (77% was secured by the Instituto de Crédito Oficial - ICO), and 12% of total credit was in the UK, with 98% government-secured. In the case of delinquent operations with ICO guarantee, the transfer of the overdue guaranteed amounts will take place as the guarantee is executed, regardless of whether the guarantor is subrogated to the right to receive said amounts, according to the regulation of these guarantees. The derecognition of the transferred guaranteed amounts will entail the recognition, at its fair value, of a collection right against the guarantor. In addition, the Group is following the measures launched by the governments of Spain, Portugal and Poland (for more information please see note 10 c.) , aimed at relieving the mortgage payment burden for vulnerable customers after the increase in interest rates. Information on the estimation of impairment losses The calculation of credit risk provisions is performed at financial asset level, estimating potential credit losses through the difference between the expected cash flows and the contractual cash flows, ensuring that the results are adequate considering the status of the transaction, economic conditions and available forward-looking information. The IFRS 9 impairment model applies to financial assets valued at amortized cost; debt instruments valued at fair value with changes in other comprehensive income; leasing receivables; and commitments and guarantees not valued at fair value. The portfolio of financial instruments subject to IFRS 9 has three credit risk categories (or stages) according to the status of each instrument in relation to its level of credit risk: • Stage 1: financial instruments with no significant increase in risk since initial recognition – the impairment provision reflects expected credit losses from defaults over the twelve months from the reporting date. • Stage 2: financial instruments with a significant credit risk increase since initial recognition but no materialized impairment event – the impairment provision reflects expected losses from defaults over the financial instrument’s residual life. • Stage 3: financial instruments with true signs of impairment as a result of one or more events resulting in a loss – the impairment provision reflects expected losses for credit risk over the instrument’s expected residual life. The classification of financial instrument in the IFRS 9 stages is carried out in accordance with the guidelines through the risk management policies of the subsidiaries, which are consistent with the Group's policies. Estimation of expected loss Grupo Santander calculates impairment losses using parameters (mainly EAD, PD, LGD and discount rate) based on internal models, the stage in which each financial asset is classified, and regulatory and management expertise. Far from being a simple adaptation, Santander defined and validated them according to specific requirements of IFRS 9 and other guidelines by regulators, supervisors and other international organizations (EBA, NCAs, BIS, GPPC, etc.), such as forward-looking information, point-in-time (PiT) vision, multiple scenarios, calculation of losses for the entire life of the transaction through lifetime PD, etc. Determination of significant increase in credit risk 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 and implemented according to the approved governance. The 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 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 incur 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 portfolios credit quality, the volume of assets in stage 2 should maintain a certain stability as a whole. • Economic reasonableness: at transaction level, stage 2 is expected to be a transitional rating for exposures that could eventually move to a deteriorating credit status at some point or stage 3, as well as for exposures that have suffered credit deterioration and whose credit quality is improving and returns to stage 1. • Predictive power: it is expected that the SICR definition avoids, as far as possible, direct m |
Additional disclosures
Additional disclosures | 12 Months Ended |
Dec. 31, 2022 | |
Additional information [abstract] | |
Additional disclosures | 54. Additional disclosures This note includes relevant information about additional disclosure requirements. 54.1 Parent company financial statements Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2022, 2021 and 2020 : CONDENSED BALANCE SHEETS (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) Assets Cash and due from banks 177,920 138,388 112,114 Of which: To bank subsidiaries 14,548 15,459 14,519 Trading account assets 92,128 77,988 81,433 Investment securities 47,560 29,949 29,477 Of which: To bank subsidiaries 14,287 12,137 13,603 To non-bank subsidiaries 1,327 2,087 3,399 Net loans and leases 314,905 301,342 295,739 Of which: To non-bank subsidiaries 25,312 31,296 27,555 Investment in affiliated companies 94,213 88,549 84,890 Of which: To bank subsidiaries 70,698 67,735 60,186 To non-bank subsidiaries 23,515 20,814 24,703 Premises and equipment, net 6,513 6,515 6,680 Other assets 16,787 15,219 19,036 Total assets 750,026 657,950 629,369 Liabilities Deposits 418,841 401,212 383,135 Of which: To bank subsidiaries 16,619 18,114 17,045 To non-bank subsidiaries 15,106 18,594 19,949 Short-term debt 54,255 19,181 14,513 Long-term debt 114,447 99,650 83,981 Total debt 168,702 118,831 98,494 Of which: To bank subsidiaries — 221 617 To non-bank subsidiaries 1,638 649 661 Other liabilities 92,437 71,334 82,803 Total liabilities 679,980 591,377 564,432 Stockholders' equity Capital stock 8,397 8,670 8,670 Retained earnings and other reserves 61,649 57,903 56,267 Total stockholders' equity 70,046 66,573 64,937 Total liabilities and Stockholders’ Equity 750,026 657,950 629,369 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, 2022, 2021 and 2020. Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) Interest income 19,322 11,893 12,169 Interest from earning assets 10,579 6,821 6,853 Dividends from affiliated companies 8,743 5,072 5,316 Of which: From bank subsidiaries 8,228 4,075 1,810 From non-bank subsidiaries 515 997 3,506 Interest expense (5,958) (2,785) (3,160) Interest income / (charges) 13,364 9,108 9,009 Provision for credit losses (1,397) (2,287) (2,558) Interest income / (charges) after provision for credit losses 11,967 6,821 6,451 Non-interest income 4,808 4,092 5,322 Non-interest expense (8,811) (7,049) (14,020) Income before income taxes 7,964 3,864 (2,247) Income tax benefit (expense) (43) 68 (1,310) Net income 7,921 3,932 (3,557) Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2022, 2021 and 2020: Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) NET INCOME 7,921 3,932 (3,557) OTHER COMPREHENSIVE INCOME (735) (662) (1,221) Items that may be reclassified subsequently to profit or loss (524) (265) (363) 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 (328) (524) (316) Revaluation gains (losses) (242) (243) 244 Amounts transferred to income statement (86) (281) (560) Other reclassifications — — — Cash flow hedges: (420) 146 (206) Revaluation gains/(losses) (505) 152 (239) Amounts transferred to income statement 85 (6) 33 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 224 113 159 Items that will not be reclassified to profit or loss (211) (397) (858) Actuarial gains/(losses) on pension plans 279 29 (77) Other recognised income and expense of investments in subsidiaries, joint ventures and associates — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (450) (347) (796) Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) 18 117 4 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) (18) (117) (4) Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk 58 (93) 4 Income tax relating to items that will not be reclassified (98) 14 11 TOTAL COMPREHENSIVE INCOME 7,186 3,270 (4,778) Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2022, 2021 and 2020. Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 7,921 3,932 (3,557) Adjustments to profit 3,370 2,052 12,938 Net increase/decrease in operating assets (58,102) (9,622) 7,513 Net increase/decrease in operating liabilities 85,367 24,024 21,199 Reimbursements/payments of income tax (1,724) (352) (251) Total net cash flows from operating activities (1) 36,832 20,034 37,842 2. Cash flows from investing activities Investments (-) (4,257) (2,266) (8,001) Divestments (+) 10,852 6,349 4,738 Total net cash flows from investment activities (2) 6,595 4,083 (3,263) 3. Cash flows from financing activities Issuance of own equity instruments — — — Disposal of own equity instruments 369 605 615 Acquisition of own equity instruments (1,847) (1,446) (615) Issuance of debt securities — 4,440 3,722 Redemption of debt securities (1,678) (2,248) (2,348) Dividends paid (1,848) (1,313) — Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (180) (315) (287) Total net cash flows from financing activities (3) (5,184) (277) 1,087 4. Effect of exchange rate changes on cash and cash equivalents (4) 104 335 (576) 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) 38,347 24,175 35,090 Cash and cash equivalents at beginning of period 91,736 67,561 32,471 Cash and cash equivalents at end of period 130,083 91,736 67,561 54.2 Preference Shares and Preferred Securities The following table shows the balance of the preference shares and preferred securities as of 31 December 2022, 2021 and 2020: 2022 2021 2020 (Millions of Euros) Preference shares 198 209 196 Preferred securities 7,898 8,601 7,425 Total 8,096 8,810 7,621 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, 2022, 2021 and 2020. 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. 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. Santander Finance Preferred, S.A. (Unipersonal)- issuer of registered securities guaranteed by Banco Santander, S.A. until November 2017, merged in that date with Banco Santander, S.A. For further information, see note 23.c. Outstanding at 31 December 2022 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 Outstanding at 31 December 2022 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (B) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (C) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (D) Perpetuity Banco Santander, S.A., January 2020 Euro 1,500.0 4.375% (E) Perpetuity Banco Santander, S.A., May 2021 US Dollar 1,000.0 4.750% (F) Perpetuity Banco Santander, S.A., May 2021 Euro 750.0 4.125% (G) Perpetuity Banco Santander, S.A., September 2021 Euro 1,000.0 3.625% (H) 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 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 5.25% interest rate is set for the first six years. After that, it will be reviewed by applying a margin of 499.9 basis points on the 5-year Mid-Swap Rate. C.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 409.7 basis points on the Mid-Swap Rate. D.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 Mid-Swap Rate . E. Payment is subject to certain conditions and to the discretion of the Bank. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year Mid-Swap Rate. F.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate. G.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap. H. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year Mid-Swap Rate. |
Accounting policies (Policies)
Accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Accounting Policies [Abstract] | |
Basis of presentation of the consolidated financial statements | Basis of presentation of the consolidated financial statements Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 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 ('IFRS') previously adopted by the European Union ('EU-IFRS'). In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats. During 2021 and 2020, the Bank of Spain published Circulars 6/2021 of 22 December, 2/2020 and 3/2020 of 11 June, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats. Grupo Santander consolidated financial statements for 2022 were authorised by the Bank's directors (at the board meeting on 27 February 2023) 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 2022, 2021 and 2020 and the consolidated results of its operations and the consolidated cash flows in 2022, 2021 and 2020. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. 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. The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit. Adoption of new standards and interpretations issued The following modifications came into force and were adopted by the European Union in 2022: • Amendment to IFRS 3 Business Combinations: to update the references to the Conceptual Framework for Financial Reporting and add an exception for the recognition of liabilities and contingent liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 21 Levies. The amendments also confirm that an acquirer should not recognize contingent assets acquired in a business combination. Applicable from 1 January 2022. • Amendment to IAS 16 Property, Plant and Equipment: prevents an entity from deducting from the cost of an item of property, plant and equipment any revenue from the sale of finished goods while the entity is preparing the item for its intended use. It is also clear that an entity is "testing whether the asset is functioning properly" when evaluating the technical and physical performance of the asset. The financial performance of the asset should not be taken into account for this evaluation. Additionally, entities should disclose separately the amounts of income and expenses related to finished goods that are not the product of the entity's ordinary activities. Applicable from 1 January 2022. • Amendment to IAS 37 Provisions, Contingent Liabilities and Contingent Assets: clarifies that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts. Before recognising a separate provision for an onerous contract, the entity recognises any impairment loss that has occurred on assets used in fulfilling the contract. Applicable from 1 January 2022. • Amendment to IFRS Cycle (2018-2020): introduces minor amendments, applicable from 1 January 2022, to the following standards: – IFRS 9 Financial Instruments: clarifies which rates must be included in the 10% test for derecognition of financial liabilities. – IFRS 16 Leases: amendment to remove possible confusion regarding the treatment of leasing incentives in the application of IFRS 16 Leases. – IFRS 1, in relation to the first-time adoption of International Financial Reporting Standards, allows entities that have measured their assets and liabilities at the carrying amounts recorded in their parent's books to also measure any cumulative translation differences using the amounts reported by the parent. This amendment also applies to associates and joint ventures that have adopted the same exemption from IFRS 1. The application of the aforementioned amendments to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements. Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2022: • IFRS 17 Insurance Contracts and amendments to IFRS 17: new general accounting standard for insurance contracts, which includes the recognition, measurement, presentation and disclosure of information. Insurance contracts combine financial and service provision features that, in many cases, generate variable long- term cash flows. To properly reflect these characteristics, IFRS 17 combines the measurement of future cash flows with the recording of the contract result during the period in which the service is provided, presents separately the financial results from the results for the provision of the service and allows entities, through the choice of an accounting policy option, to recognize the financial results in the income statement or in other comprehensive income. In accordance with current regulations, it will be applicable retrospectively from 1 January, 2023. The Group has carried out a project to implement IFRS 17 with all the Group entities affected and has prepared an accounting policy that establishes the accounting criteria for insurance contracts. Grupo Santander has concluded the analysis of the effects of this new standard without having identified any material impact on its consolidated financial statements due to its application, except for a balance sheet reclassification, recorded at 1 January 2023, amounting to EUR 16,025 million, from the heading 'Financial liabilities at amortized cost' to 'Liabilities under insurance or reinsurance contracts', related to the different treatment that this new standard establishes for the components of an insurance contract. • The amendments to IAS 1 Presentation of Financial Statements require companies to disclose material information about their accounting policies rather than their significant accounting policies. It will be applicable from 1 January 2023. • The amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how to distinguish changes in accounting policies, which are generally applied retrospectively, from changes in accounting estimates, which are generally applied prospectively. It will be applicable from 1 January 2023. • The amendments to IAS 12 Income Taxes require companies to recognise deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: – Right-of-use assets and lease liabilities. – Decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in retained earnings, or another component of equity, as appropriate. It will be applicable from 1 January 2023. Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2022 had not yet been adopted by the European Union: • 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 closing date of the reporting period. Likewise, during 2022, an additional amendment to IAS 1 on the classification of liabilities with covenants as current or non-current has been included, specifying that covenants that must be complied with after the reporting date do not affect the classification of liabilities and require additionally their respective breakdowns. It must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. It will apply from 1 January 2024. • Amendment to IFRS 16 Lease Liability in a Sale and Leaseback requires a seller-lessee to subsequently measure lease liabilities arising from a leaseback without recognising any amount of the gain or loss that relates to the right of use retained. This new requirement does not prevent a seller-lessee from recognising in profit or loss any gain or loss relating to the partial or full termination of a lease. It will be applied retrospectively from 1 January 2024. Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application. All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2022 were applied in the preparation of these consolidated annual accounts. |
Use of critical estimates | 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 Banco Santander 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 Grupo Santander 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, 18 and 53). • 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). • The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see note 17). To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario resulting from the Ukrainian war, as well as the growing level of inflation and the difficulties in the supply chains, which is having a certain impact on the economic evolution and is being closely monitored, and which generates uncertainty in the Group's estimates. For this reason, the Management of the Group has carried out an evaluation of the current situation in accordance with the best information available to date, developing in the notes the main estimates made and the potential impacts of the Ukrainian war and the macroeconomic situation on them during the period ended December 31, 2022 (see notes 17 and 53). |
Foreign currency transactions | Foreign currency transactions i. Presentation currency Banco Santander’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). • 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, net' 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 When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that: – Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet. – The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'. – The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'. – All components of the financial statements of the subsidiary are translated at the closing exchange rate. The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on. At that moment, according with Group’s accounting policies, 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 were recorded in the consolidated statement of changes in total 'Equity-Other reserves'. However, on the basis of the meeting held on 3 March 2020 by the International Financial Reporting Standards Committee (IFRIC), in 2020 Grupo Santander changed its accounting policy with regard to the presentation of exchange differences and the effects of hyperinflation in the operations generated in Argentina. This change in accounting policy and its consequent restatement between different equity items has no impact on the total equity of Grupo Santander. 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 inflation indexes applied are the wholesale internal price index (WPI) until 30 November 2016 and the National Consumer Price Index published by the National Institute of Statistics and Censuses (Indec) from 1 December 2016 on. Inflation during 2022 wa s 94.8% for the year (50.9% at 31 December 2021). The exchange rate at 31 December 2021 has been of 189.12 Argentine peso s pe r euro (116.30 Argentine pesos per euro at 31 December 2021). At 31 December 2022, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati onary economy in accordance with the criteria establ ished in this regard by the International Financial Reporting Standards adopted by the European Union. v. Exposure to foreign currency risk Grupo Santander 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 Grupo Santander 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 Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar (146.0) (133.3) (123.6) (4.4) (8.6) (4.1) Chilean peso (14.8) (11.4) (20.4) (2.0) (2.4) (4.4) Pound sterling (94.7) (105.9) (107.9) (1.5) (2.3) (1.2) Mexican peso (27.7) (23.1) (21.7) (2.0) (0.9) (2.0) Brazilian real (100.1) (80.8) (75.0) (5.9) (15.4) (12.6) Polish zloty (19.8) (27.5) (26.7) (1.3) (1.1) (2.2) Argentine peso (17.1) (10.7) (7.9) (2.1) (2.5) (1.8) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar 148.9 136.0 126.1 4.5 8.8 4.2 Chilean peso 15.1 11.6 20.8 2.1 2.4 4.5 Pound sterling 96.7 108.0 110.1 1.5 2.3 1.2 Mexican peso 28.2 23.6 22.1 2.0 0.9 2.0 Brazilian real 102.1 82.4 76.5 6.0 15.7 12.8 Polish zloty 20.2 28.0 27.2 1.4 1.1 2.2 Argentine peso 17.4 11.0 8.0 2.2 2.6 1.8 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 2022, 2021 and 2020. |
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 Grupo Santander 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 2022, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50%. 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 Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander 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 Grupo Santander 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. At 31 December 2022, 2021 and 2020 this was the situation of the investment in Project Quasar Investments 2017, S.L., despite maintaining a 49% interest in its share capital (see appendix II). The remaining 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 Grupo Santander 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, when 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 Grupo Santander; 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 Grupo Santander 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, which are consolidated in the case of the Special Purpose Vehicles (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, additional to investments in the equity of investment funds (note 8), 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 Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows: • Grupo Santander 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 (CPPS), 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. Grupo Santander 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 5%. • 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. Grupo Santander 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, 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) at initial recognition. 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 balances 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. – Customers: includes the remaining credit, including money market transactions through central counterparties. • Debt securities: 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 accounting. 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. In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in 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 Grupo Santander, 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. During the 2019 financial year, the European Central Bank announced a new program of longer-term financing operations with a specific objective (TLTRO III), which included special conditions, including a reduction in the interest rate applicable between June 2020 and June 2022 subject to compliance with a certain volume of eligible loans. Grupo Santander chose to accrue interest in accordance with the specific periods of adjustment to market rates, so that the interest corresponding to said period (-1%) has been recorded in the income statement from June 2020 to June 2022, having met the computable loan threshold that gave rise to the extra rate on that date. Subsequently, and as a result of the modifications introduced by the European Central Bank in the conditions of the program, which include changes in its interest rates, the Group has updated the effective interest rate at which interest accrues on said financial liability, maintaining the criterion adopted in previous years, and considering said modifications a change in the variable interest rate (which affects the EIR) and is applied prospectively. • 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 positions: 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), 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: includes 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. Grupo Santander 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 2022, 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 recorded 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 derivatives. The fair value of 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, 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, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, 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, Grupo Santander 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 summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value: EUR million 2022 2021 2020 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 45,014 111,104 156,118 39,678 77,275 116,953 46,379 68,566 114,945 Non-trading financial assets mandatorily at fair value through profit or loss 1,800 3,913 5,713 2,398 3,138 5,536 1,756 2,730 4,486 Financial assets designated at fair value through profit or loss 1,976 7,013 8,989 2,113 13,844 15,957 2,509 46,208 48,717 Financial assets at fair value through other comprehensive income 64,216 21,023 85,239 77,749 30,289 108,038 91,771 29,182 120,953 Hedging derivatives (assets) — 8,069 8,069 — 4,761 4,761 — 8,325 8,325 Financial liabilities held for trading 16,237 98,948 115,185 10,379 69,090 79,469 9,863 71,304 81,167 Financial liabilities designated at fair value through profit or loss 212 55,735 55,947 3,620 29,113 32,733 2,118 45,920 48,038 Hedging derivatives (liabilities) — 9,228 9,228 — 5,463 5,463 — 6,869 6,869 Liabilities under insurance or reinsurance contracts — 747 747 — 770 770 — 910 910 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. Grupo Santander 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 over the counter (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 period. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments. • Severity: 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 2022 amounted to EUR 330 million (resulting in an increase of 39.2% compared to 31 December 2021) and DVA amounted to EUR 309 million (resulting in an increase of 90.7% compared to 31 December 2021). The increase is mainly due to movements in the credit markets, whose spread levels have increased substantially compared to those at the end of 2021. The CVA at 31 December 2021 amounted to EUR 237 million (decrease of 41.9% compared to 31 December 2020) and DVA amounted EUR 162 million (decrease of 30.4% compared to 31 December 2020). These impacts were mainly due to the continuous improvement in credit markets, the creation of particular credit curves for certain counterparties and the introduction of methodological improvements in the calculation of exposures. The CVA at 31 December 2020 amounted to EUR 408 million (resulting in an increase of 49.8% compared to 31 December 2019) and DVA amounted to EUR 233 million (resulting in an increase of 36.0% compared to 31 December 2019). These impacts were due to the fact that credit spread levels were at levels above 25% compared to 2019 due to the covid-19 pandemic. 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 2022, 2021 and 2020. Grupo Santander has not carried out significant reclassifications of financial instruments between levels other than those disclosed in level 3 movement table during 2022 continuing the trend observed in 2021 and 2020. The main variations over the last few years in the Level 3 volume have been due to purchases/sales of these instruments. There have been no significant variations in the market observability conditions, nor relevant changes in the criteria used for the classification of instruments within the fair value hierarchy. 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 parameters 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 stock 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 Consumer Price Index (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 derivatives 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 2022, 2021 and 2020: EUR million Fair values calculated 2022 A Level 2 Level 3 Valuation techniques Main assumptions ASSETS 142,832 8,290 Financial assets held for trading 110,721 383 Central banks B 11,595 — Present value method Yield curves, FX market prices Credit institutions B 16,502 — Present value method Yield curves, FX market prices Customers B 9,550 — Present value method Yield curves, FX market prices Debt and equity instruments 6,537 43 Present value method Yield curves, FX market prices Derivatives 66,537 340 Swaps 54,367 139 Present value method, Gaussian Copula Yield curves, FX market prices, HPI, Basis, Liquidity Exchange rate options 916 4 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 2,681 39 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate futures 113 — Present value method Yield curves, FX market prices Index and securities options 354 48 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Other 8,106 110 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 8,069 — Swaps 6,687 — Present value method Yield curves, FX market prices, Basis Interest rate options 2 — Black's Model Yield curves, FX market prices, Volatility surfaces Other 1,380 — 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 2,080 1,833 Equity instruments 643 1,269 Present value method Market price, Interest rates curves, Dividends and Others Debt securities 809 325 Present value method Yield curves Loans and receivables 628 239 Present value method, swap asset model & CDS Yield curves and Credit curves Financial assets designated at fair value through profit or loss 6,586 427 Credit institutions 673 — Present value method Yield curves, FX market prices Customers C 5,769 5 Present value method Yield curves, FX market prices, HPI Debt securities 144 422 Present value method Yield curves, FX market prices Financial assets at fair value through other comprehensive income 15,376 5,647 Equity instruments 9 700 Present value method Market price, Yield curves, Dividends and Others Debt securities 11,869 229 Present value method Yield curves, FX market prices Loans and receivables 3,498 4,718 Present value method Yield curves, FX market prices and Credit curves EUR million Fair values calculated 2022 A Level 2 Level 3 Valuation techniques Main assumptions LIABILITIES 163,733 925 Financial liabilities held for trading 98,533 415 Central banks B 5,759 — Present value method FX market prices, Yield curves Credit institutions B 9,796 — Present value method FX market prices, Yield curves Customers 12,226 — Present value method FX market prices, Yield curves Derivatives 64,147 415 Swaps 51,191 235 Present value method, Gaussian Copula Yield curves, FX market prices, Basis, Liquidity, HPI Interest rate options 3,268 19 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Exchange rate options 769 — Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Index and securities options 591 42 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Futures on interest rate and variable income 807 — Present value method Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI Other 7,521 119 Present value method, Advanced stochastic volatility models Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Short positions 6,605 — Present value method Yield curves ,FX & EQ market prices, Equity Hedging derivatives 9,214 14 Swaps 8,142 14 Present value method Yield curves ,FX & EQ market prices, Basis Other 1,072 — 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 D 55,239 496 Present value method Yield curves, FX market prices Liabilities under insurance contracts 747 — Present Value Method with actuarial techniques Mortality tables and interest rate curves A. Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. B. Includes mainly short-term loans/deposits and repurchase/reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). C. Includes, mainly, structured loans to corporate clients. D. Includes, mainly, short-term deposits that are managed based on their fair value.. EUR million Fair values calculated Fair values calculated 2021 A 2020 A Level 2 Level 3 Level 2 Level 3 Valuation techniques ASSETS 121,640 7,667 146,468 8,543 Financial assets held for trading 76,738 537 67,826 740 Central banks B 3,608 — — — Present value method Credit institutions B 10,397 — 3 — Present Value method Customers B 6,829 — 296 — Present Value method Debt and equity instruments 2,312 24 1,453 10 Present Value method Derivatives 53,592 513 66,074 730 Swaps 43,700 224 54,488 272 Present Value method, Gaussian Copula Exchange rate options 539 12 696 22 Black-Scholes Model Interest rate options 2,112 182 3,129 241 Black's Model, advanced multifactor interest rate models Interest rate futures 409 — 1,069 — Present Value method Index and securities options 439 41 554 94 Black's Model, advanced multifactor interest rate models Other 6,393 54 6,138 101 Present Value method, Advanced stochastic volatility models and other Hedging derivatives 4,761 — 8,325 — Swaps 4,204 — 6,998 — Present Value method Interest rate options 9 — 25 — Black’s Model Other 548 — 1,302 — Present Value method, Advanced stochastic volatility models and other Non-trading financial assets mandatorily at fair value through profit or loss 1,273 1,865 1,796 934 Equity instruments 415 1,231 984 505 Present Value method Debt securities issued 589 366 555 134 Present Value method Loans and receivables 269 268 257 295 Present Value method, swap asset model & CDS Financial assets designated at fair value through profit or loss 13,426 418 45,559 649 Central banks — — 9,481 — Present Value method Credit institutions 3,152 — 11,973 163 Present Value method Customers C 10,270 18 24,102 19 Present Value method Debt securities 4 400 3 467 Present Value method Equity instruments — — — — Present Value method Financial assets at fair value through other comprehensive income 25,442 4,847 22,962 6,220 Equity instruments 74 821 75 1,223 Present Value method Debt securities 21,585 146 18,410 206 Present Value method Loans and receivables 3,783 3,880 4,477 4,791 Present Value method EUR million Fair values calculated Fair values calculated 2021 A 2020 A Level 2 Level 3 Level 2 Level 3 Valuation techniques LIABILITIES 103,807 629 124,098 905 Financial liabilities held for trading 68,930 160 71,009 295 Central banks B 1,038 — 0 0 Present Value method Credit institutions B 6,488 — 0 0 Present Value method Customers 6,141 — 0 0 Present Value method Derivatives 53,234 160 63,920 295 Swaps 42,438 44 51,584 81 Present Value method, Gaussian Copula Interest rate options 2,720 26 4,226 49 Black's Model, advanced multifactor interest rate models Exchange rate options 658 7 724 1 Black-Scholes Model Index and securities options 446 67 456 97 Black's Model, advanced multifactor interest rate models Interest rate and equity futures 184 — 1,054 2 Present Value method Other 6,788 16 5,876 65 Present Value method, Advanced stochastic volatility models and other Short positions 2,029 — 7,089 — Present Value method Hedging derivatives 5,463 — 6,869 — Swaps 4,149 — 5,821 0 Present Value method Interest rate options — — 13 — Black’s Model Other 1,314 — 1,035 — Present Value method, Advanced stochastic volatility models and other Financial liabilities designated at fair value through profit or loss D 28,644 469 45,310 610 Present Value method Liabilities under insurance contracts 770 — 910 — Present Value method with actuarial techniques A. Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. B. Includes mainly short-term loans/deposits and repurchase/reverse repurchase with corporate customers (mainly brokerage and investment companies). C. Includes, mainly, structured loans to corporate clients. D. Includes, mainly, short-term deposits that are managed based on their fair value. Financial Instruments (level 3) Set forth below are the Group’s main financial instruments measured using unobservable market data as significant inputs of the internal models (level 3): • HTC&S (Held to collect and sale) syndicated loans classified in the fair value category with changes in other comprehensive income, where the cost of liquidity is not directly observable in the market, as well as the prepayment option in favour of the borrower. • Illiquid equity in non-trading portfolios, classified at fair value through profit or loss and at fair value through equity. • Instruments in Santander UK’s portfolio (loans, debt securities and derivatives) linked to the House Price Index (HPI). Even if the valuation techniques used for these instruments may be the same as those used to value similar products (present value in the case of loans and debt securities, and the Black-Scholes model for derivatives), the main factors used in the valuation of these instruments are the HPI spot rate, the growth and volatility thereof, and the mortality rates, which are not always observable in the market and, accordingly, these instruments are considered illiquid. • Callable interest rate derivatives (Bermudan-style options) where the main unobservable input is mean reversion of interest rates. • Trading derivatives on interest rates, taking as an underlying asset titling and with the amortization rate (CPR, Conditional prepayment rate) as unob |
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. Regarding contractual modifications of financial assets, Grupo Santander has differentiated them into two main categories in relation to the conditions under which a modification leads to a derecognition or disposal of the financial asset (and the recognition of a new financial asset) and those under which the accounting of the original financial instrument with the modified terms is maintained: • Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. Also, the new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss. • Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. Finally, the gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference. |
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 2022, 2021 and 2020: 31 December 2022 EUR million Assets Gross amount Gross amount Net amount Derivatives 176,814 (101,743) 75,071 Reverse repurchase agreements 127,561 (48,949) 78,612 Total 304,375 (150,692) 153,683 31 December 2021 EUR million Assets Gross amount Gross amount Net amount Derivatives 101,486 (42,432) 59,054 Reverse repurchase agreements 72,023 (13,916) 58,107 Total 173,509 (56,348) 117,161 31 December 2020 EUR million Assets Gross amount Gross amount Net amount Derivatives 136,437 (60,975) 75,462 Reverse repurchase agreements 82,865 (16,078) 66,787 Total 219,302 (77,053) 142,249 31 December 2022 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 175,862 (101,743) 74,119 Reverse repurchase agreements 148,715 (48,949) 99,766 Total 324,577 (150,692) 173,885 31 December 2021 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 101,462 (42,432) 59,029 Reverse repurchase agreements 73,424 (13,916) 59,508 Total 174,886 (56,348) 118,537 31 December 2020 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 132,313 (60,975) 71,338 Reverse repurchase agreements 77,925 (16,078) 61,847 Total 210,238 (77,053) 133,185 At 31 December 2022, Grupo Santander has offset other items amounting to EUR 1,024 million (EUR 1,188 million and EUR 1,194 million at 31 December 2021 and 2020, respectively). At 31 December 2022 the balance sheet shows the amounts EUR 141,529 million (EUR 106,430 million and EUR 130,653 million at 31 December 2021 and 2020) on derivatives and repos as assets and EUR 157,572 million (EUR 104,130 million and EUR 122,416 million at 31 December 2021 and 2020, respectively) on derivatives and repos as liabilities that are subject to netting and collateral arrangements. |
Impairment of financial assets | Impairment of financial assets i. Definition Grupo Santander 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 53, 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 consecutive days on material arrears for principal, interest or expenses contractually agreed. This category also includes all loan balances for a client when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. 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 consecutive days on material arrears 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 consecutive days on material arrears. Grupo Santander 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 of 90 consecutive days on material arrears. 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 balances of 90 consecutive days on material arrears. • 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 Grupo Santander 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. Grupo Santander 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 scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.). The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios. Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss. The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the war in Ukraine, as well as the increasing level of inflation and interest rates, and the difficulties in the supply chains, which has generated some uncertainty in the evolution of the economy. Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees. 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. • Exposure 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 consecutive days past due material balances with respect to any significant credit obligation. Grupo Santander has partially and voluntarily aligned during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria has been done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander has registered an increase in the default rate at around 19 basis points, with no material impact on the provision figures for credit risk. 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 additional, 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 risk 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 53 b. iv. Detail of individual estimate of impairment For the individual estimate of the assessment 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 approach). • Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach). Gone approach: a. Evaluation of the effectiveness of guarantees Grupo Santander assesses the effectiveness of all the guarantees associated considering the following: • The time required to execute these guarantees. • Grupo Santander'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 reputable issuers or equity instruments. • 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 Grupo Santander 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 on current market values. c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows Grupo Santander 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. Impairment individual assessment scope Grupo Santander determines the perimeter over which it makes an estimate of the assessment 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 (Santander Corporate & Investment Banking or SCIB) 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. Grupo Santander 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 2022 are as follows: Gloval Valuation, S.A.U., Tinsa Tasaciones Inmobiliarias, S.A.U., CBRE Valuation Advisory, S.A., Valoraciones Mediterráneo, S.A. y Sociedad de tasación, 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 2022 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 631 million (EUR 567 million at 31 December 2021); 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, and subsequent amendments, 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 90% 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, licenses, 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. Grupo Santander 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 Grupo Santander 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. • 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 annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements): Average Buildings for own use 2.7 % Furniture 8.4 % Fixtures 8.4 % Office and IT equipment 23.6 % Lease use rights Less than the lease At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs 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 Grupo Santander 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 The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below: 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. – 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 Grupo Santander 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. – 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). |
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 (CGU) (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. In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities. 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. |
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 liabilities (assets) | Provisions and contingent liabilities (assets) When preparing the financial statements of the consolidated entities, Banco Santander’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. Grupo Santander’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, including 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 as 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 processAt the end of 2022 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, Grupo Santander 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 Grupo Santander 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 relating 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 considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative. Grupo Santander 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 benefits, other long-term employee benefits 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. Grupo Santander'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 Grupo Santander 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 remaining 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 Grupo Santander. If Grupo Santander 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. Grupo Santander will recognise the following items in the income statement: • Current 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: ▪ Actuarial 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 the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). |
Income tax | Income taxThe 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. 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 374.6 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. Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future 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 | Residual maturity periodsIn note 50, it is provided an analysis of the maturities of the balances of certain items in the consolidated balance sheet. |
Consolidated statement of recognised 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. |
Statement 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 retrospective 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 changes 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 statement 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. Grupo Santander 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 2022 Grupo Santander received interest amounting to EUR 69,282 million (EUR 48,081 and EUR 43,953 in 2021 and 2020, respectively) and paid interest amounting to EUR 23,390 million (EUR 12,738 and EUR 13,690 in 2021 and 2020, respectively). 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). |
Accounting policies (Tables)
Accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Accounting Policies [Abstract] | |
Schedule of estimated effect of a 1% change in the euro against the corresponding currency | The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar (146.0) (133.3) (123.6) (4.4) (8.6) (4.1) Chilean peso (14.8) (11.4) (20.4) (2.0) (2.4) (4.4) Pound sterling (94.7) (105.9) (107.9) (1.5) (2.3) (1.2) Mexican peso (27.7) (23.1) (21.7) (2.0) (0.9) (2.0) Brazilian real (100.1) (80.8) (75.0) (5.9) (15.4) (12.6) Polish zloty (19.8) (27.5) (26.7) (1.3) (1.1) (2.2) Argentine peso (17.1) (10.7) (7.9) (2.1) (2.5) (1.8) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2022 2021 2020 2022 2021 2020 US dollar 148.9 136.0 126.1 4.5 8.8 4.2 Chilean peso 15.1 11.6 20.8 2.1 2.4 4.5 Pound sterling 96.7 108.0 110.1 1.5 2.3 1.2 Mexican peso 28.2 23.6 22.1 2.0 0.9 2.0 Brazilian real 102.1 82.4 76.5 6.0 15.7 12.8 Polish zloty 20.2 28.0 27.2 1.4 1.1 2.2 Argentine peso 17.4 11.0 8.0 2.2 2.6 1.8 |
Schedule of fair values of financial assets and liabilities | The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value: EUR million 2022 2021 2020 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 45,014 111,104 156,118 39,678 77,275 116,953 46,379 68,566 114,945 Non-trading financial assets mandatorily at fair value through profit or loss 1,800 3,913 5,713 2,398 3,138 5,536 1,756 2,730 4,486 Financial assets designated at fair value through profit or loss 1,976 7,013 8,989 2,113 13,844 15,957 2,509 46,208 48,717 Financial assets at fair value through other comprehensive income 64,216 21,023 85,239 77,749 30,289 108,038 91,771 29,182 120,953 Hedging derivatives (assets) — 8,069 8,069 — 4,761 4,761 — 8,325 8,325 Financial liabilities held for trading 16,237 98,948 115,185 10,379 69,090 79,469 9,863 71,304 81,167 Financial liabilities designated at fair value through profit or loss 212 55,735 55,947 3,620 29,113 32,733 2,118 45,920 48,038 Hedging derivatives (liabilities) — 9,228 9,228 — 5,463 5,463 — 6,869 6,869 Liabilities under insurance or reinsurance contracts — 747 747 — 770 770 — 910 910 |
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 2022, 2021 and 2020: EUR million Fair values calculated 2022 A Level 2 Level 3 Valuation techniques Main assumptions ASSETS 142,832 8,290 Financial assets held for trading 110,721 383 Central banks B 11,595 — Present value method Yield curves, FX market prices Credit institutions B 16,502 — Present value method Yield curves, FX market prices Customers B 9,550 — Present value method Yield curves, FX market prices Debt and equity instruments 6,537 43 Present value method Yield curves, FX market prices Derivatives 66,537 340 Swaps 54,367 139 Present value method, Gaussian Copula Yield curves, FX market prices, HPI, Basis, Liquidity Exchange rate options 916 4 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 2,681 39 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate futures 113 — Present value method Yield curves, FX market prices Index and securities options 354 48 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Other 8,106 110 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 8,069 — Swaps 6,687 — Present value method Yield curves, FX market prices, Basis Interest rate options 2 — Black's Model Yield curves, FX market prices, Volatility surfaces Other 1,380 — 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 2,080 1,833 Equity instruments 643 1,269 Present value method Market price, Interest rates curves, Dividends and Others Debt securities 809 325 Present value method Yield curves Loans and receivables 628 239 Present value method, swap asset model & CDS Yield curves and Credit curves Financial assets designated at fair value through profit or loss 6,586 427 Credit institutions 673 — Present value method Yield curves, FX market prices Customers C 5,769 5 Present value method Yield curves, FX market prices, HPI Debt securities 144 422 Present value method Yield curves, FX market prices Financial assets at fair value through other comprehensive income 15,376 5,647 Equity instruments 9 700 Present value method Market price, Yield curves, Dividends and Others Debt securities 11,869 229 Present value method Yield curves, FX market prices Loans and receivables 3,498 4,718 Present value method Yield curves, FX market prices and Credit curves EUR million Fair values calculated 2022 A Level 2 Level 3 Valuation techniques Main assumptions LIABILITIES 163,733 925 Financial liabilities held for trading 98,533 415 Central banks B 5,759 — Present value method FX market prices, Yield curves Credit institutions B 9,796 — Present value method FX market prices, Yield curves Customers 12,226 — Present value method FX market prices, Yield curves Derivatives 64,147 415 Swaps 51,191 235 Present value method, Gaussian Copula Yield curves, FX market prices, Basis, Liquidity, HPI Interest rate options 3,268 19 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Exchange rate options 769 — Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Index and securities options 591 42 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Futures on interest rate and variable income 807 — Present value method Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI Other 7,521 119 Present value method, Advanced stochastic volatility models Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Short positions 6,605 — Present value method Yield curves ,FX & EQ market prices, Equity Hedging derivatives 9,214 14 Swaps 8,142 14 Present value method Yield curves ,FX & EQ market prices, Basis Other 1,072 — 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 D 55,239 496 Present value method Yield curves, FX market prices Liabilities under insurance contracts 747 — Present Value Method with actuarial techniques Mortality tables and interest rate curves A. Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. B. Includes mainly short-term loans/deposits and repurchase/reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). C. Includes, mainly, structured loans to corporate clients. D. Includes, mainly, short-term deposits that are managed based on their fair value.. EUR million Fair values calculated Fair values calculated 2021 A 2020 A Level 2 Level 3 Level 2 Level 3 Valuation techniques ASSETS 121,640 7,667 146,468 8,543 Financial assets held for trading 76,738 537 67,826 740 Central banks B 3,608 — — — Present value method Credit institutions B 10,397 — 3 — Present Value method Customers B 6,829 — 296 — Present Value method Debt and equity instruments 2,312 24 1,453 10 Present Value method Derivatives 53,592 513 66,074 730 Swaps 43,700 224 54,488 272 Present Value method, Gaussian Copula Exchange rate options 539 12 696 22 Black-Scholes Model Interest rate options 2,112 182 3,129 241 Black's Model, advanced multifactor interest rate models Interest rate futures 409 — 1,069 — Present Value method Index and securities options 439 41 554 94 Black's Model, advanced multifactor interest rate models Other 6,393 54 6,138 101 Present Value method, Advanced stochastic volatility models and other Hedging derivatives 4,761 — 8,325 — Swaps 4,204 — 6,998 — Present Value method Interest rate options 9 — 25 — Black’s Model Other 548 — 1,302 — Present Value method, Advanced stochastic volatility models and other Non-trading financial assets mandatorily at fair value through profit or loss 1,273 1,865 1,796 934 Equity instruments 415 1,231 984 505 Present Value method Debt securities issued 589 366 555 134 Present Value method Loans and receivables 269 268 257 295 Present Value method, swap asset model & CDS Financial assets designated at fair value through profit or loss 13,426 418 45,559 649 Central banks — — 9,481 — Present Value method Credit institutions 3,152 — 11,973 163 Present Value method Customers C 10,270 18 24,102 19 Present Value method Debt securities 4 400 3 467 Present Value method Equity instruments — — — — Present Value method Financial assets at fair value through other comprehensive income 25,442 4,847 22,962 6,220 Equity instruments 74 821 75 1,223 Present Value method Debt securities 21,585 146 18,410 206 Present Value method Loans and receivables 3,783 3,880 4,477 4,791 Present Value method EUR million Fair values calculated Fair values calculated 2021 A 2020 A Level 2 Level 3 Level 2 Level 3 Valuation techniques LIABILITIES 103,807 629 124,098 905 Financial liabilities held for trading 68,930 160 71,009 295 Central banks B 1,038 — 0 0 Present Value method Credit institutions B 6,488 — 0 0 Present Value method Customers 6,141 — 0 0 Present Value method Derivatives 53,234 160 63,920 295 Swaps 42,438 44 51,584 81 Present Value method, Gaussian Copula Interest rate options 2,720 26 4,226 49 Black's Model, advanced multifactor interest rate models Exchange rate options 658 7 724 1 Black-Scholes Model Index and securities options 446 67 456 97 Black's Model, advanced multifactor interest rate models Interest rate and equity futures 184 — 1,054 2 Present Value method Other 6,788 16 5,876 65 Present Value method, Advanced stochastic volatility models and other Short positions 2,029 — 7,089 — Present Value method Hedging derivatives 5,463 — 6,869 — Swaps 4,149 — 5,821 0 Present Value method Interest rate options — — 13 — Black’s Model Other 1,314 — 1,035 — Present Value method, Advanced stochastic volatility models and other Financial liabilities designated at fair value through profit or loss D 28,644 469 45,310 610 Present Value method Liabilities under insurance contracts 770 — 910 — Present Value method with actuarial techniques A. Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. B. Includes mainly short-term loans/deposits and repurchase/reverse repurchase with corporate customers (mainly brokerage and investment companies). C. Includes, mainly, structured loans to corporate clients. D. Includes, mainly, short-term deposits that are managed based on their fair value. |
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: 2022 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Financial assets held for trading Debt securities Corporate debt Discounted Cash Flows Credit spread 0%-20% 10.07 % (1.38) 1.40 Corporate debt Price based Market price 85%-115% 100.00 % — — Government debt Discounted Cash Flows Discount curve 0%-10% 4.92 % (8.34) 8.07 Derivatives CCS Discounted Cash Flows Interest rate (0.7)% - 0.7% 0.00 % — — CCS Forward estimation Interest rate (4)bps - 4bps 0.42 bps (0.06) 0.07 CDS Discounted Cash flows Credit Spread 14.9bps - 42.1bps 21.99 bps (0.05) 0.02 EQ Options EQ option pricing model Volatility 0% - 90% 61.30 % (0.23) 0.48 EQ Options Local volatility Volatility 10% - 90% 50.00 % (1.05) 1.05 FRAs Asset Swap model Interest rate 0% - 6% 2.71 % (1.16) 0.95 Fx Swap Others Others n.a. n.a (1.37) 1.37 Inflation Derivatives Asset Swap model Inflation Swap Rate 0% - 10% 3.41 % (0.21) 0.11 Inflation Derivatives Volatility option model Volatility 0% - 40% 17.37 % (0.14) 0.11 IR Options IR option pricing model Volatility 0% - 60% 35.82 % (0.30) 0.44 IRS Asset Swap model Interest rate 0% - 15.00% 9.20 % (0.05) 0.08 IRS Discounted Cash Flows Credit spread 1.25% - 6.29% 3.89 % (2.25) 2.47 IRS Discounted Cash Flows Swap rate 8.6% - 9.1% 8.84 % (0.02) 0.03 IRS Forward estimation Interest rate (6)bps - 6.1bps 0.13 bps (0.04) 0.04 IRS Others Others 5% - n.a. n.a (11.58) — IRS Prepayment modelling Prepayment rate 2.5% - 6.2% 4.17 % (0.06) 0.05 Others Forward estimation Price 0% - 2% 0.62 % (0.53) 0.24 Property derivatives Option pricing model Growth rate (5)% - 5% 0.00 % (5.75) 5.75 Financial assets designated at fair value through profit or loss Loans and advances to customers Loans Discounted Cash Flows Credit spreads 0.1% - 2% 1.05 % (0.18) 0.18 Mortgage portfolio Black Scholes model Growth rate (5)%- 5% 0.00 % (0.79) 0.79 Debt securities Other debt securities Others Inflation Swap Rate 0% - 10% 4.74 % (4.25) 3.83 2022 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Non-trading financial assets mandatorily at fair value through profit or loss Debt securities Corporate debt Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 0.01 bps (0.33) 0.33 Property securities Probability weighting Growth rate (5)% - 5% 0.00 % (0.68) 0.68 Equity instruments Equities Price Based Price 90% - 110% 100.00 % (126.87) 126.87 Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n.a. n.a (24.1) — Loans Discounted Cash Flows Interest rate curve 0.8% - 1.0% 0.88 % (0.08) 0.08 Loans Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 0bp (17.51) 17.51 Loans Forward estimation Credit spread 2.56% - 3.4% 2.56 % (0.49) — Debt securities Government debt Discounted Cash Flows Interest rate (0.4)% - 1.6% 0.63 % (0.01) 0.01 Equity instruments Equities Price Based Price 90% - 110% 100.00 % (70.04) 70.04 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 40.73 % (0.29) 0.18 Financial liabilities designated at fair value through profit or loss Loans and advances to customers Repos/Reverse repos Others Long-term repo spread n.a. n.a. (0.13) — 2021 Portfolio/Instrument Impacts (EUR million) (Level 3) Valuation technique Main unobservable inputs Range Weighted Unfavourable Favourable scenario Financial assets held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.50) 0.43 CCS Discounted Cash Flows Interest rate (0.7)% - 0.7% 0.73 % (0.11) 0.11 CCS Forward estimation Interest rate 4bps - (4)bps (0.09) bps (0.03) 0.03 Convertibility curve - inputs: NDFs Offshore Forward estimation Price 0% - 2% 0.61 % (0.65) 0.28 EQ Options EQ option pricing model Volatility 0% - 90% 61.20 % (0.24) 0.52 EQ Options Local volatility Volatility 10% - 90% 40.00 % (6.82) 6.82 FRAs Asset Swap model Interest rate 0% - 4% 1.78 % (0.91) 0.73 FX Options FX option pricing model Volatility 0% - 50% 32.14 % (0.28) 0.50 Inflation Derivatives Asset Swap model Inflation Swap Rate (50)% - 50% 50.00 % (0.56) 0.28 Inflation Derivatives Volatility option model Volatility 0% - 40% 13.29 % (0.47) 0.24 IR Futures Asset Swap model Interest rate 0% - 15% 5.91 % (1.09) 0.71 IR Options IR option pricing model Volatility 0% - 60% 36.28 % (0.20) 0.31 IRS Asset Swap model Interest rate (6)% - 12.80% 10.36 % (0.07) 0.13 IRS Discounted Cash Flows Credit spread 1.03% - 3.75% 2.02 % (7.21) 4.16 IRS Discounted Cash Flows Inflation Swap Rate (0.8)% - 6.5% 1.81 % (0.04) 0.01 IRS Discounted Cash Flows Swap Rate 7.7% -8.2% (2.87 %) (0.23) 0.10 IRS Forward estimation Interest rate TIIE91 (8.98)bps -TIIE91 +11.12bps n.a. (0.27) 0.17 IRS Forward estimation Prepayment rate 6% - 12% n.a. — — IRS Others Others 0.05% n.a. (1.49) — IRS Prepayment modelling Prepayment rate 2.5% - 6.2% 0.44 % (0.09) 0.05 Property derivatives Option pricing model Growth rate 0% - 5% 2.5 % (2.62) 2.62 Swaptions IR option pricing model Volatility 0% - 40% 26.67 % (0.13) 0.27 Debt securities Corporate debt Price based Market price 85% - 115% 100.00 % — — Financial assets designated at fair value through profit or loss Loans and advances to customers Loans Discounted Cash Flows Credit spreads 0.1% - 1.4% 0.66 % (0.26) 0.26 Mortgage portfolio Black Scholes model Growth rate 0% - 5% 2.50 % (1.90) 1.90 Debt securities Corporate debt Discounted Cash Flows Credit spread 0% - 20% 9.88 % (1.23) 1.20 Government debt Discounted Cash Flows Discount curve 0% - 10% 8.33 % (4.14) 20.69 Other debt securities Others Inflation Swap Rate 0% - 10% 4.74 % (5.47) 4.92 Non-trading financial assets mandatorily at fair value through profit or loss Debt securities Corporate debt Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 1 bp (0.56) 0.60 Property securities Probability weighting Growth rate 0% - 5% 2.50 % (1.19) 1.19 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (123.10) 123.10 2021 Portfolio/Instrument Impacts (EUR million) (Level 3) Valuation technique Main unobservable inputs Range Weighted Unfavourable Favourable scenario Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n.a. n.a. (19.84) — Loans Discounted Cash Flows Interest rate curve (0.1)% - 0.1% 0.12 % (0.07) 0.07 Loans Discounted Cash Flows Margin of a reference portfolio (1)bps - 1bps 1 bps (13.12) 13.04 Loans Forward estimation Credit spread 0.77% - 2.42% n.a. — — Debt securities Government debt Discounted Cash Flows Interest rate 0.6% - 0.8% 0.09 % (0.01) 0.01 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (82.13) 82.13 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.50) 0.43 Financial liabilities designated at fair value through profit or loss Loans and advances to customers Repos/Reverse repos Asset Swap Repo Model Long-term repo spread n.a n.a. (0.36) — 2020 Portfolio/Instrument Impacts (EUR million) (Level 3) Valuation technique Main unobservable inputs Range Weighted Unfavourable Favourable Financial assets held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 31.55 % (0.07) 0.05 CCS Discounted Cash Flows Interest rate (0.30)% - 0.66% 0.66 % — 0.20 Convertibility curve - NDFs Offshore Forward estimation Price 0% - 2% 0.61 % (0.72) 0.31 EQ Options EQ option pricing model Volatility 7.86% - 93.67% 48.37 % (1.46) 1.81 FRAs Asset Swap model Interest rate 0% -5% 2.22 % (0.78) 0.63 FX Forward Discounted Cash Flows Swap Rate (0.02)% - (0.30)% 0.11 % — — FX Options FX option pricing model Volatility 0% - 50% 32.14 % (0.39) 0.70 Inflation Derivatives Asset Swap model Inflation Swap Rate (100)% - 50% 83.33 % (0.63) 0.31 Inflation Derivatives Volatility option model Volatility 0% - 50% 16.67 % (0.47) 0.23 IR Futures Asset Swap model Interest rate 0% - 15% 0.94 % (0.94) 0.06 IR Options IR option pricing model Volatility 0% - 100% 19.05 % (0.27) 0.06 IRS Asset Swap model Interest rate (6)% - 12.50% 10 % (0.08) 0.13 IRS Discounted Cash Flows Swap Rate 5.90% - 6.31% 2.26 % (0.01) 0.02 IRS Discounted Cash Flows Credit spread 0.79% - 2.02% 1.18 % (2.81) 1.29 IRS Prepayment modelling Prepayment rate 2.47%-6.22% 0.06 % (0.12) 0.05 Property derivatives Option pricing model HPI Forward growth rate and HPI Spot rate 0%-5% 2.50 % (17.82) 17.82 Swaptions IR option pricing model Volatility 0%-50% 33.33 % (0.16) 0.31 Financial assets designated at fair value through profit or loss Loans and advances to customers Repos / Reverse repos Asset Swap Repo Model Long-term repo spread n/a n/a (0.18) 0.23 Mortgage portfolio Black Scholes model HPI Forward growth rate 0% - 5% 2.50 % (2.23) 2.23 Other loans Present value method Credit spreads 0.07% - 1.55% 0.74 % (0.35) 0.35 Debt securities Government debt Discounted Cash Flows Interest rate 0% - 10% 8.33 % (0.78) 3.91 Other debt securities Price based Market Price 90% - 110% 10 % (0.15) 0.15 Property securities Probability weighting HPI Forward growth rate and HPI Spot rate 0% - 5% 2.50 % (7.24) 7.24 Non-trading financial assets mandatorily at fair value through profit or loss Equity instruments Equities Price Based Price 90% - 110% 10 % (50.47) 50.47 Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n/a n/a (6.72) — Loans Discounted Cash Flows Interest rate curve (0.15)% - 0.15% 0.15 % (0.09) 0.09 Other loans Present value method Credit spreads 0.15% - 0.53% 0.19 % (0.04) 0.04 Debt securities Government debt Discounted Cash Flows Interest rate 1.1% - 1.3% 0.10 % — — Equity instruments Equities Price Based Price 90% - 110% 10 % (122.14) 122.14 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 34.61 % (0.02) 0.01 EQ Options Option pricing model HPI Forward growth rate and HPI Spot rate 0% - 5% 2.50 % (6.35) 6.35 |
Schedule of changes in fair value of financial assets and liabilities calculated using internal models | Lastly, the changes in the financial instruments classified as Level 3 in 2022, 2021 and 2020 were as follows: 01/01/2022 Changes 31/12/2022 EUR million 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 537 91 (99) (116) — (15) (15) 383 Debt securities 22 2 (2) 15 — 2 3 42 Equity instruments 2 — — — — (1) — 1 Trading derivatives 513 89 (97) (131) — (16) (18) 340 Swaps 224 1 (47) (20) — 4 (23) 139 Exchange rate options 12 — (9) 2 — — (1) 4 Interest rate options 182 — — (142) — (1) — 39 Index and securities options 41 27 (28) 29 — (26) 5 48 Other 54 61 (13) — — 7 1 110 Financial assets at fair value through profit or loss 418 — (9) (31) — — 49 427 Credit entities — — — — — — — — Loans and advances to customers 18 — (9) (5) — — 1 5 Debt securities 400 — — (26) — — 48 422 Non-trading financial assets mandatorily at fair value through profit or loss 1,865 521 (579) 98 — (22) (50) 1,833 Customers 268 276 (280) (25) — — — 239 Debt instruments 366 51 (33) (31) — (27) (1) 325 Equity instruments 1,231 194 (266) 154 — 5 (49) 1,269 Financial assets at fair value through other comprehensive income 4,847 8,564 (8,029) — (172) 417 20 5,647 Loans and advances 3,880 8,471 (7,988) — 1 349 5 4,718 Debt securities 146 91 (23) — — — 15 229 Equity instruments 821 2 (18) — (173) 68 — 700 TOTAL ASSETS 7,667 9,176 (8,716) (49) (172) 380 4 8,290 Financial liabilities held for trading 160 328 (97) 35 — (2) (9) 415 Trading derivatives 160 328 (97) 35 — (2) (9) 415 Swaps 44 32 (16) 189 — 9 (23) 235 Exchange rate options 7 6 (14) 1 — — — — Interest rate options 26 56 (44) (19) — — — 19 Index and securities options 67 23 (19) (32) — (11) 14 42 Securities and interest rate futures — — — — — — — — Others 16 211 (4) (104) — — — 119 Hedging derivatives (Liabilities) — — — 14 — — — 14 Swaps — — — 14 — — — 14 Financial liabilities designated at fair value through profit or loss 469 — (3) (8) — — 38 496 TOTAL LIABILITIES 629 328 (100) 41 — (2) 29 925 01/01/2021 Changes 31/12/2021 EUR million Fair value Purchases Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 740 136 (124) (181) — (15) (19) 537 Debt securities 7 20 (2) (2) — — (1) 22 Equity instruments 3 — (1) — — — — 2 Trading derivatives 730 116 (121) (179) — (15) (18) 513 Swaps 272 5 (33) (35) — 33 (18) 224 Exchange rate options 22 14 (27) 3 — — — 12 Interest rate options 241 7 (39) (27) — — — 182 Index and securities options 94 18 (12) (51) — (8) — 41 Other 101 72 (10) (69) — (40) — 54 Financial assets at fair value through profit or loss 649 59 (120) (11) — (163) 4 418 Credit entities 163 — — — — (163) — — Loans and advances to customers 19 — (2) — — — 1 18 Debt securities 467 59 (118) (11) — — 3 400 Non-trading financial assets mandatorily at fair value through profit or loss 934 534 (251) 127 — 485 36 1,865 Customers 295 122 (149) — — (3) 3 268 Debt securities 134 206 (28) 28 — 17 9 366 Equity instruments 505 206 (74) 99 — 471 24 1,231 Financial assets at fair value through other comprehensive income 6,220 5,681 (6,588) — (228) (241) 3 4,847 Loans and advances 4,791 5,597 (6,298) — (37) (173) — 3,880 Debt securities 206 75 (25) — (43) (68) 1 146 Equity instruments 1,223 9 (265) — (148) — 2 821 TOTAL ASSETS 8,543 6,410 (7,083) (65) (228) 66 24 7,667 Financial liabilities held for trading 295 85 (42) (138) — (21) (19) 160 Trading derivatives 295 85 (42) (138) — (21) (19) 160 Swaps 81 4 (10) (36) — 3 2 44 Exchange rate options 1 2 — 4 — — — 7 Interest rate options 49 26 (19) (8) — — (22) 26 Index and securities options 97 23 (5) (27) — (22) 1 67 Securities and interest rate futures 2 — (2) — — — — — Others 65 30 (6) (71) — (2) — 16 Financial liabilities designated at fair value through profit or loss 610 143 0 0 — (289) 5 469 TOTAL LIABILITIES 905 228 (42) (138) — (310) (14) 629 01/01/2020 Changes 31/12/2020 EUR million Fair value Purchases/ Issuances Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 598 52 (98) 330 — (45) (97) 740 Debt securities 65 7 (27) 1 — — (39) 7 Equity instruments — 3 — — — — — 3 Trading derivatives 533 42 (71) 329 — (45) (58) 730 Swaps 182 — (8) 116 — (8) (10) 272 Exchange rate options 8 — — 15 — — (1) 22 Interest rate options 177 15 (12) 61 — — — 241 Index and securities options 95 25 (43) 85 — (38) (30) 94 Other 71 2 (8) 52 — 1 (17) 101 Financial assets at fair value through profit or loss 664 280 (45) 17 — (91) (176) 649 Credit entities 50 164 — (1) — (50) — 163 Loans and advances to customers 32 — (15) 3 — — (1) 19 Debt securities 582 116 (30) 15 — (41) (175) 467 Non-trading financial assets mandatorily at fair value through profit or loss 1,601 120 (292) (36) — (119) (340) 934 Loans and advances to customers 376 104 (136) 12 — (30) (31) 295 Debt securities 675 — (144) (63) — 2 (336) 134 Equity instruments 550 16 (12) 15 — (91) 27 505 Financial assets at fair value through other comprehensive income 3,788 8,795 (7,616) — (390) 571 1,072 6,220 TOTAL ASSETS 6,651 9,247 (8,051) 311 (390) 316 459 8,543 Financial liabilities held for trading 290 40 (14) 130 — (96) (55) 295 Trading derivatives 290 40 (14) 130 — (96) (55) 295 Swaps 115 8 — (7) — (26) (9) 81 Exchange rate options 1 — — 2 — — (2) 1 Interest rate options 34 11 (2) 6 — — — 49 Index and securities options 88 21 (8) 95 — (70) (29) 97 Securities and interest rate futures 2 — — — — — — 2 Others 50 — (4) 34 — — (15) 65 Financial liabilities designated at fair value through profit or loss 784 4 (3) (12) — (32) (131) 610 TOTAL LIABILITIES 1,074 44 (17) 118 — (128) (186) 905 |
Schedule of offsetting of financial instruments | Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2022, 2021 and 2020: 31 December 2022 EUR million Assets Gross amount Gross amount Net amount Derivatives 176,814 (101,743) 75,071 Reverse repurchase agreements 127,561 (48,949) 78,612 Total 304,375 (150,692) 153,683 31 December 2021 EUR million Assets Gross amount Gross amount Net amount Derivatives 101,486 (42,432) 59,054 Reverse repurchase agreements 72,023 (13,916) 58,107 Total 173,509 (56,348) 117,161 31 December 2020 EUR million Assets Gross amount Gross amount Net amount Derivatives 136,437 (60,975) 75,462 Reverse repurchase agreements 82,865 (16,078) 66,787 Total 219,302 (77,053) 142,249 31 December 2022 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 175,862 (101,743) 74,119 Reverse repurchase agreements 148,715 (48,949) 99,766 Total 324,577 (150,692) 173,885 31 December 2021 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 101,462 (42,432) 59,029 Reverse repurchase agreements 73,424 (13,916) 59,508 Total 174,886 (56,348) 118,537 31 December 2020 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 132,313 (60,975) 71,338 Reverse repurchase agreements 77,925 (16,078) 61,847 Total 210,238 (77,053) 133,185 |
Summary of 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 53, 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 depreciation rates of tangible assets | The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements): Average Buildings for own use 2.7 % Furniture 8.4 % Fixtures 8.4 % Office and IT equipment 23.6 % Lease use rights Less than the lease |
Grupo Santander (Tables)
Grupo Santander (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about business combination [abstract] | |
Schedule of list of offshore territories | The Group's presence in offshore territories at the end of 2022 is as follows: Presence of the Group in non-cooperative jurisdictions Spanish legislation Council of the EU blacklist OECD a Sub. Branch Sub. Branch Sub. Branch Jersey 1 1 Isle of Man 1 Guernsey b Bermuda b Cayman Islands 1 The Bahamas 2 1 2022 1 3 2 1 — — 2021 c 1 3 3 1 — — a Jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (AEOI and EOIR). Jersey, the Isle of Man and the Cayman Islands continue to fully comply with both OECD standards. b Additionally, there is one subsidiary constituted in Guernsey and one in Bermuda, but residents for tax purposes in the UK. c In 2021 The Bahamas was not included in the EU blacklist. One subsidiary in The Bahamas was merged in 2022. |
Distribution of Banco Santand_2
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Shareholder Remuneration System And Earnings Per Share [Abstract] | |
Schedule of distribution of the Bank's net profit | The distribution of the Bank's current annual results that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: EUR million To dividends 1,942 Dividend paid at 31 December 2022 A 979 Complementary dividend B 963 To voluntary reserves C 5,979 Net profit for the year 7,921 A. Total amount paid as interim dividend, at the rate of EUR 5.83 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends'). B. Fixed dividend of EUR 5.95 gross cents per eligible share, payable in cash as from 2 May 2023. The total amount has been estimated on the assumption that, after the implementation of the second buyback program charged to the results of 2022, the number of the Bank's outstanding shares eligible for the dividend will be 16,190,866,119. Therefore, the total dividend may be higher if fewer shares are acquired in the buyback program than expected, and it will be lower in the opposite case. C. Estimated amount corresponding to a final dividend of EUR 963,356,534. To be increased or reduced by the same amount by which the final dividend is lower or higher, respectively, than that amount. |
Schedule of provisional accounting statement for interim dividend | The provisional accounting statement, prepared by the Bank pursuant to legal requirements, evidencing the existence of sufficient liquidity for the payment of the interim dividend on the date and for the amount mentioned above, is as follows: EUR million 31 August 2022 Profit before taxes 3,829 Tax expense (69) Dividends paid in cash — Distributable maximum amount 3,760 Available liquidity 130,519 |
Schedule of basic and diluted earnings per share | Accordingly: 2022 2021 2020 Profit (Loss) attributable to the Parent (EUR million) 9,605 8,124 (8,771) Remuneration of PPCC and PPCA (EUR million) (note 23) (529) (566) (552) 9,076 7,558 (9,323) Of which: Profit (Loss) from discontinued operations (non controlling interest net) (EUR million) — — — Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) 9,076 7,558 (9,323) Weighted average number of shares outstanding 16,848,344,667 17,272,055,430 17,316,288,908 Adjusted number of shares 16,848,344,667 17,272,055,430 17,316,288,908 Basic earnings (Loss) per share (euros) 0.539 0.438 (0.538) Of which, from discounted operations (euros) — — — Basic earnings (Loss) per share from continuing operations (euros) 0.539 0.438 (0.538) Accordingly, diluted earnings/loss per share were determined as follows: 2022 2021 2020 Profit (Loss) attributable to the Parent (EUR million) 9,605 8,124 (8,771) Remuneration of PPCC and PPCA (EUR million) (Note 23) (529) (566) (552) Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares — — — 9,076 7,558 (9,323) Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million) — — — Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million) 9,076 7,558 (9,323) Weighted average number of shares outstanding 16,848,344,667 17,272,055,430 17,316,288,908 Dilutive effect of options/rights on shares 55,316,206 48,972,459 Not applicable Adjusted number of shares 16,903,660,873 17,321,027,889 17,316,288,908 Diluted earnings (Loss) per share (euros) 0.537 0.436 (0.538) Of which, from discounted operations (euros) — — — Diluted earnings (Loss) per share from continuing operations (euros) 0.537 0.436 (0.538) |
Remuneration and other benefi_2
Remuneration and other benefits paid to the Bank’s directors and senior managers (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Remuneration And Other Benefits Paid To The Bank's Directors And Senior Managers [Abstract] | |
Schedule summarising annual emolument | The annual amounts received individually by the directors in 2022 and 2021 based on the positions held by them on the board and their membership of the board committees were as follows: Amount per director in euros 2022 2021 Members of the board of directors 95,000 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 committee 40,000 40,000 Members of the responsible banking, sustainability and culture committee 15,000 15,000 Members of the innovation and technology committee 25,000 25,000 Chair of the audit committee 70,000 70,000 Chair of the appointments committee 50,000 50,000 Chair of the remuneration committee 50,000 50,000 Chair of the risk supervision, regulation and compliance committee 70,000 70,000 Chair of the responsible banking, sustainability and culture committee 50,000 50,000 Chair of the innovation and technology committee 70,000 70,000 Lead independent director A 110,000 110,000 Non-executive Vice Chair 30,000 30,000 |
Schedule summarising attendance fees | The fees for 2022 and 2021 are as follows: Attendance fees per director per meeting in euros 2022 2021 Board of directors 2,600 2,600 Audit committee and risk supervision, regulation and compliance committee 1,700 1,700 Other committees (excluding 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 2022 and 2021 is provided below: EUR thousand 2022 Bylaw-stipulated emoluments Annual emolument Board F Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Innovation and technology committee Attendance fees and commissions Ana Botín 95 170 — — — — — 74 41 José Antonio Álvarez 95 170 — — — — — 25 39 Bruce Carnegie-Brown 280 170 — 75 75 — — 25 75 Homaira Akbari 95 — 40 — — — 15 25 69 Javier Botín A 95 — — — — — — — 34 Álvaro Cardoso B 24 — — — — — 4 — 11 R.Martín Chávez C 48 — — 13 8 11 — 29 40 Sol Daurella 95 — — 25 25 — 15 — 70 Henrique de Castro 95 — 40 — 25 — — 25 76 Gina Díez Barroso 95 — — 25 — — — — 52 Luis Isasi 1 95 170 — — 25 40 — — 82 Ramiro Mato 95 170 40 — — 40 65 — 90 Sergio Rial 95 — — — — — — — 36 Belén Romana 95 170 40 — — 110 15 25 94 Pamela Walkden 95 — 110 — — 40 — — 78 Germán de la Fuente D 66 — 31 — — — — — 40 Glenn Hutchins E 3 — — 1 1 — — 1 4 Total 2022 1,561 1,020 301 139 159 241 114 229 930 Total 2021 1,536 1,020 270 126 175 268 125 245 1,036 A. All amounts received were reimbursed to Fundación Botín. B.Stepped down as director on 1 April 2022. C.Stepped down as director on 1 July 2022. D.Director since 1 April 2022. E.Director since 20 December 2022. F.Also includes emoluments for other roles in the board. 1. Includes EUR 1,000 thousand for his role as non-executive Chair of Santander España and for Santander España board and committees meetings 2022 2021 Short-term and deferred (not subject to long-term goals) salaries of executive directors Fixed Variable - immediate payment Deferred variable In cash In instruments In cash In instruments Total Pension contribution Other remuneration Total Total Ana Botín 3,176 1,688 1,689 1,013 1,013 8,579 1,081 961 11,001 11,436 José Antonio Álvarez 2,541 1,139 1,140 684 684 6,188 811 1,758 9,086 9,160 Bruce Carnegie-Brown — — — — — — — — 700 700 Homaira Akbari — — — — — — — — 244 248 Javier Botín A — — — — — — — — 129 129 Álvaro Cardoso B — — — — — — — — 39 183 R.Martín Chávez C — — — — — — — — 147 374 Sol Daurella — — — — — — — — 230 239 Henrique de Castro — — — — — — — — 261 267 Gina Díez Barroso — — — — — — — — 172 130 Luis Isasi 1 — — — — — — — 1,000 1,412 1,406 Ramiro Mato — — — — — — — — 500 499 Sergio Rial — — — — — — — — 131 879 Belén Romana — — — — — — — — 549 533 Pamela Walkden — — — — — — — — 323 303 Germán de la Fuente D — — — — — — — — 137 — Glenn Hutchins E — — — — — — — — 10 — Total 2022 5,717 2,827 2,829 1,697 1,697 14,767 1,892 3,719 25,071 — Total 2021 6,467 3,079 3,079 1,847 1,848 16,320 1,824 3,542 26,487 Footnotes in previous table. EUR thousand 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 3 Pensions Other 1 Total 2022 14 18,178 7,733 7,733 3,398 3,399 5,339 6,956 52,736 2021 15 19,183 8,402 8,402 3,648 3,648 5,542 5,055 53,880 1. Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for his work as a director in said entity. 2. The amount of immediate payment in shares for 2022 is 2,504,000 shares (2,706,819 Santander shares in 2021). 3. The deferred amount in shares not linked to long-term objectives for 2022 is 1,101,000 shares (1,175,191 Santander shares in 2021). |
Schedule summarising remuneration related to multi-annual variable objectives | Following is the detail by executive director of the salaries linked to multi-year 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 46. EUR thousand 2022 2021 Variable subject to long-term 1 In cash In shares In share options In RSUs Total Total Ana Botín 1,064 404 404 255 2,128 2,316 José Antonio Álvarez 718 273 273 172 1,436 1,563 Total 1,782 677 677 428 3,564 3,880 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2026, 2027 and 2028, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. EUR thousand Variable remuneration subject to long-term objectives 1 Year Number of people Cash Share Total 2022 14 3,568 3,569 7,137 2021 15 3,830 3,830 7,660 1. Relates to the fair value of the maximum annual amounts for years 2026, 2027 and 2028 of the seventh cycle of the deferred conditional variable remuneration plan (2025, 2026 and 2027 for the sixth cycle of the deferred variable compensation plan linked to annual objectives for the year 2021). |
Schedule summarising remuneration related to provisions for retirement pensions and supplementary benefits | The provisions recognised in 2022 and 2021 for retirement pensions were as follows: EUR thousand 2022 2021 Ana Botín 1,081 1,041 José Antonio Álvarez 811 783 Total 1,892 1,825 |
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 2022 and 2021: EUR thousand 2022 2021 Ana Botín 46,725 48,075 José Antonio Álvarez 18,958 18,821 Total 65,683 66,896 |
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 EUR thousand 2022 2021 Ana Botín 20,988 21,489 José Antonio Álvarez 17,345 18,028 Total 38,333 39,517 |
Schedule summarising shares assigned for deferred variable remuneration plans | Share-based variable remuneration Maximum number of shares to be delivered at January 1,2021 Shares delivered in 2021 (immediate payment 2020 variable remuneration) Shares delivered in 2021 (deferred payment 2019 variable remuneration) Shares delivered in 2021 (deferred payment 2018 variable remuneration) Shares delivered in 2021 (deferred payment 2017 variable remuneration) Shares delivered in 2021 (deferred payment 2016 variable remuneration) Variable remuneration 2021 (Maximum number of shares to be delivered) 2016 variable remuneration Ana Botín 110,029 — — — — (55,014) — José Antonio Álvarez 74,264 — — — — (37,133) — 184,293 (92,147) 2017 variable remuneration Ana Botín 94,083 — — — (31,361) — — José Antonio Álvarez 62,919 — — — (20,973) — — 157,001 (52,334) 2018 variable remuneration Ana Botín 413,215 — — (103,304) — — — José Antonio Álvarez 276,129 — — (69,032) — — — 689,344 (172,336) 2019 variable remuneration Ana Botín 532,316 — (106,463) — — — — José Antonio Álvarez 355,749 — (71,150) — — — — 888,065 (177,613) 2020 variable remuneration Ana Botín 310,615 (124,246) — — — — — José Antonio Álvarez 168,715 (67,486) — — — — — 479,330 (191,732) 2021 variable remuneration Ana Botín — — — — — — 1,480,622 José Antonio Álvarez — — — — — — 999,259 — — — — — — 2,479,881 2022 variable remuneration 1 Ana Botín — — — — — — — José Antonio Álvarez — — — — — — — 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. Sergio Rial's has the right to a maximum of 51,483 Santander shares and 269,148 options over Santander shares for his participation in the 2019 Digital Transformation Award. Maximum number of shares to be delivered at December 31, 2021 Instruments matured but not consolidated at January 1, 2022 2 Shares delivered in 2022 (immediate payment 2021 variable remuneration) Shares delivered in 2022 (deferred payment 2020 variable remuneration) Shares delivered in 2022 (deferred payment 2019 variable remuneration) Shares delivered in 2022 (deferred payment 2018 variable remuneration) Shares delivered in 2022 (deferred payment 2017 variable remuneration) Shares delivered in 2022 (deferred payment 2016 variable remuneration) Variable remuneration 2022 (Maximum number of shares to be delivered) Maximum number of shares to be delivered at December 31, 2022 55,015 — — — — — — (55,015) — — 37,131 — — — — — — (37,131) — — 92,146 (92,146) 62,722 — — — — — (31,361) — — 31,361 41,946 — — — — — (20,973) — — 20,973 104,668 (52,334) 52,334 309,911 (206,618) — — — (34,431) — — — 68,862 207,097 (138,072) — — — (23,008) — — — 46,017 517,008 (344,689) (57,440) 114,879 425,853 — — — (106,463) — — — — 319,390 284,599 — — — (71,150) — — — — 213,449 710,452 (177,613) 532,839 186,369 — — (37,274) — — — — — 149,095 101,229 — — (20,246) — — — — — 80,983 287,598 (57,520) 230,078 1,480,622 — (592,249) — — — — — — 888,373 999,259 — (399,704) — — — — — — 599,555 2,479,881 (991,953) 1,487,928 — — — — — — — — 585,079 585,079 — — — — — — — — 394,916 394,916 979,995 979,995 |
Schedule summarising the cash paid for awards | Furthermore, the maximum number of share options to be delivered regarding the 2022 variable remuneration plan is 1,575,335 options in the case of Ana Botín, and 1,063,316 options in the case of José Antonio Álvarez. Meanwhile, the maximum number of RSUs of PagoNxt, S.L. to be delivered under the current plan is 12,646 and 8,527 units for Ana Botín and José Antonio Álvarez, respectively. In addition, the table below shows the cash delivered in 2022 and 2021, 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: EUR thousand 2022 2021 Cash paid (immediate payment 2021 variable remuneration) Cash paid (deferred payments from 2020, 2019, 2018 and 2017 variable remuneration) Cash paid (immediate payment 2020 variable remuneration) Cash paid (deferred payments from 2019, 2018, 2017 and 2016 variable remuneration) Ana Botín 1,838 1,102 334 1,550 José Antonio Álvarez 1,241 726 181 1,037 Total 3,079 1,827 515 2,586 |
Schedule summarising maximum number of shares to be delivered and actual number of shares delivered | Also set forth below is information on the deliveries, whether in shares or in cash, made in 2022 and 2021 to former board members, upon achievement of the conditions for the receipt thereof (see note 46): Maximum number of shares to be delivered 2022 2021 Deferred conditional variable remuneration plan (2015) — — Deferred conditional variable remuneration plan and linked to objectives (2016) — 60,251 Deferred conditional variable remuneration plan and linked to objectives (2017) 33,783 64,659 Deferred conditional variable remuneration plan and linked to objectives (2018) 36,543 164,462 Deferred conditional variable remuneration plan and linked to objectives (2019) 98,092 130,790 Deferred conditional variable remuneration plan and linked to objectives (2020) — — Number of shares delivered 2022 2021 Deferred conditional variable remuneration plan (2015) — 92,557 Performance shares plan ILP (2015) — — Deferred conditional variable remuneration plan and linked to objectives (2016) 60,251 60,254 Deferred conditional variable remuneration plan and linked to objectives (2017) 33,783 32,330 Deferred conditional variable remuneration plan and linked to objectives (2018) 18,272 54,821 Deferred conditional variable remuneration plan and linked to objectives (2019) 32,698 32,698 Deferred conditional variable remuneration plan and linked to objectives (2020) — — 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 31 December 2022 and 31 December 2021 relating to the deferred portion under the various plans then in force is the following (see note 46): Maximum number of shares to be delivered 2022 2021 Deferred conditional variable remuneration plan (2015) — — Deferred conditional variable remuneration plan (2017) — — Deferred conditional variable remuneration plan (2018) — 3,475 Deferred conditional variable remuneration plan and linked to objectives (2016) 18,500 150,445 Deferred conditional variable remuneration plan and linked to objectives (2017) 76,053 164,428 Deferred conditional variable remuneration plan and linked to objectives (2018) 155,758 803,056 Deferred conditional variable remuneration plan and linked to objectives (2019) 949,917 1,274,450 Deferred conditional variable remuneration plan and linked to objectives (2020) 1,438,437 1,829,720 Deferred conditional variable remuneration plan and linked to objectives (2021) 2,711,926 — 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 2022 and 2021 to the senior management, in addition to the payment of the related cash amounts: Number of shares delivered 2022 2021 Deferred conditional variable remuneration plan (2015) — 146,930 Deferred conditional variable remuneration plan (2017) — 2,786 Deferred conditional variable remuneration plan (2018) — 3,474 Deferred conditional variable remuneration plan and linked to objectives (2016) 114,006 131,938 Deferred conditional variable remuneration plan and linked to objectives (2017) 107,891 79,104 Deferred conditional variable remuneration plan and linked to objectives (2018) 79,037 267,686 Deferred conditional variable remuneration plan and linked to objectives (2019) 288,041 321,006 Deferred conditional variable remuneration plan and linked to objectives (2020) 360,614 1,742,419 Deferred conditional variable remuneration plan and linked to objectives (2021) 2,556,117 — |
Schedule of direct risk exposure to bank's directors and the guarantees provided | These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized: EUR thousand 2022 2021 Loans and credits Guarantees Total Loans and credits Guarantees Total Mrs Ana Botín-Sanz de Sautuola y O´Shea 20 — 20 25 — 25 Mr José Antonio Álvarez Álvarez 7 — 7 4 — 4 Mr Bruce Carnegie-Brown — — — — — — Mr Javier Botín-Sanz de Sautuola y O´Shea 23 — 23 16 — 16 Mrs Sol Daurella Comadrán 49 — 49 69 — 69 Mrs Belén Romana García 1 — 1 — — — Mr Ramiro Mato García-Ansorena — — — — — — Mrs Homaira Akbari — — — — — — Mr Álvaro Cardoso de Souza — — — — — — Mr Henrique de Castro — — — — — — Mrs Pamela Ann Walkden — — — — — — Mr Luis Isasi Fernández de Bobadilla — — — — — — Mr Sergio Agapito Lires Rial 5 — 5 1 — 1 Mr R. Martín Chávez Márquez — — — — — — Mrs Gina Lorenza Díez Barroso — — — — — — Mr Germán de la Fuente Escamilla — — — — — — 105 — 105 115 — 115 2022 EUR Million Gross amount Of which: impaired Home purchase loans to families 63,688 1,088 Without mortgage guarantee 288 24 With mortgage guarantee 63,400 1,064 2021 EUR Million Gross amount Of which: impaired Home purchase loans to families 62,324 1,860 Without mortgage guarantee 419 115 With mortgage guarantee 61,905 1,745 2020 EUR Million Gross amount Of which: impaired Home purchase loans to families 59,605 1,850 Without mortgage guarantee 387 75 With mortgage guarantee 59,218 1,775 2022 EUR Million Gross amount Excess of gross exposure over maximum recoverable amount of effective collateral Specific allowance Financing for construction and property development (including land) (business in Spain) 2,327 211 44 Of which impaired 94 21 33 Memorandum items written-off assets 487 — — Memorandum items: Data from the public consolidated balance sheet 2022 EUR Million Carrying amount Total loans and advances to customers excluding the Public sector (business in Spain) (Book value) 250,702 Total consolidated assets (Total business) (Book value) 1,734,659 Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) 1,311 The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2022: 2022 EUR Million Gross carrying amount Valuation adjustments Of which impairment losses on assets since time of foreclosure Net Carrying amount Property assets arising from financing provided to construction and property development companies 5,587 3,097 2,275 2,490 Of which: Completed buildings 1,456 713 583 743 Residential 341 157 127 184 Other 1,115 556 456 559 Buildings under construction 92 44 32 48 Residential 25 7 4 18 Other 67 37 28 30 Land 4,039 2,340 1,660 1,699 Developed land 1,286 689 415 597 Other land 2,753 1,651 1,245 1,102 Property assets from home purchase mortgage loans to households 659 274 190 385 Other foreclosed property assets 176 80 61 96 Total property assets 6,422 3,451 2,526 2,971 2022 2021 Portfolio Country Financial assets designated at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at amortized cost Non-trading financial assets mandatorily at fair value through profit or loss Total net direct exposure Total net direct Spain 2,666 240 26,189 — 29,095 19,557 Portugal (299) 2,005 3,750 — 5,456 6,544 Italy (1,055) 301 8,169 — 7,415 884 Greece — — — — — — Ireland — — — — — 9 Rest Eurozone 205 789 4,657 — 5,651 3,629 UK 53 315 1,738 — 2,106 366 Poland 4 7,754 957 — 8,715 11,293 Rest of Europe (7) 14 125 — 132 1,368 US 3,503 8,938 10,857 — 23,298 22,469 Brazil 8,017 9,969 5,742 — 23,728 28,559 Mexico 2,627 11,303 3,376 — 17,306 13,509 Chile 175 818 5,492 — 6,485 6,071 Rest of America 123 1,211 630 — 1,964 1,425 Rest of the World 1 2,012 1,529 — 3,542 3,337 TOTAL 16,013 45,669 73,211 — 134,893 119,020 Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2022 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 6,679 227 31 7 2 — 6 Other financial institutions and: individual shareholder 1,210 321 785 339 88 86 61 Non-financial institutions and individual shareholder 312,934 9,578 60,003 8,419 4,790 1,834 3,912 Of which financing for constructions and property development 15,578 125 1,890 570 423 48 208 Other warehouses 5,878,455 5,790 492,232 9,492 4,835 3,502 4,287 Total 6,199,278 15,916 553,051 18,257 9,715 5,422 8,266 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2022 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 Gross amount Real estate guarantee Rest of real guarantees Credit entities — — — — — — — Public sector 7 2 13 5 2 — 5 Other financial institutions and: individual shareholder 641 9 620 135 22 6 55 Non-financial institutions and individual shareholder 174,300 3,178 39,479 4,890 2,741 886 3,439 Of which financing for constructions and property development 10,325 78 1,255 335 213 33 188 Other warehouses 3,735,412 2,911 246,751 4,055 1,917 910 3,122 Total 3,910,360 6,100 286,863 9,085 4,682 1,802 6,621 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — Risk metric values on the consolidated balance sheet EUR million Main market risk metric Balance sheet amount VaR Other Main risk factor for 'Other' balance Assets subject to market risk Cash, cash balances at central banks and other deposits on demand 223,073 223,073 Interest rate Financial assets held for trading 156,118 156,118 Non-trading financial assets mandatorily at fair value through profit or loss 5,713 3,711 2,002 Interest rate, spread Financial assets designated at fair value through profit or loss 8,989 815 8,174 Interest rate, spread Financial assets designated at fair value through other comprehensive income 85,239 1,941 83,298 Interest rate, spread Financial assets at amortized cost 1,147,044 1,147,044 Interest rate, spread Hedging derivatives 8,069 8,069 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest risk (3,749) (3,749) Interest rate Other assets 104,163 Total assets 1,734,659 Liabilities subject to market risk Financial liabilities held for trading 115,185 115,185 Financial liabilities designated at fair value through profit or loss 55,947 55,947 Interest rate, spread Financial liabilities at amortized cost 1,423,858 1,423,858 Interest rate, spread Hedging derivatives 9,228 9,228 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest rate risk (117) (117) Interest rate Other liabilities 32,973 Total liabilities 1,637,074 Equity 97,585 |
Loans and advances to central_2
Loans and advances to central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loans And Advances To Central Banks And Credit Institutions [Abstract] | |
Schedule of 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: EUR million 2022 2021 2020 CENTRAL BANKS Classification Financial assets held for trading 11,595 3,608 — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss — — 9,481 Financial assets designated at fair value — — — Financial assets at amortised cost 15,375 15,657 12,499 26,970 19,265 21,980 Type Time deposits 15,180 13,275 11,757 Reverse repurchase agreements 11,790 5,990 10,223 Impaired assets — — — Valuation adjustments for impairment — — — 26,970 19,265 21,980 CREDIT INSTITUTIONS Classification Financial assets held for trading 16,502 10,397 3 Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss 673 3,152 12,136 Financial assets designated at fair value — — — Financial assets at amortised cost 46,518 39,169 37,838 63,693 52,718 49,977 Type Time deposits 8,891 10,684 7,338 Reverse repurchase agreements 27,321 18,853 20,862 Non- loans advances 27,487 23,188 21,784 Impaired assets — 1 1 Valuation adjustments for impairment (6) (8) (8) 63,693 52,718 49,977 CURRENCY Euro 26,024 24,286 22,260 Pound sterling 4,474 3,228 4,127 US dollar 18,468 12,639 13,209 Brazilian real 34,863 24,011 26,437 Other currencies 6,834 7,819 5,924 TOTAL 90,663 71,983 71,957 |
Debt securities (Tables)
Debt securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Debt Instruments [Abstract] | |
Disclosure of detailed information about debt instruments explanatory | The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Classification Financial assets held for trading 41,403 26,750 37,894 Non-trading financial assets mandatorily at fair value through profit or loss 1,134 957 700 Financial assets designated at fair value through profit or loss 2,542 2,516 2,979 Financial assets designated at fair value through other comprehensive income 75,083 97,922 108,903 Financial assets at amortised cost 73,554 35,708 26,078 193,716 163,853 176,554 Type Spanish government debt securities 26,876 20,638 30,397 Foreign government debt securities 121,018 102,976 110,570 Issued by financial institutions 10,176 12,324 10,133 Other fixed-income securities 35,468 27,850 25,337 Impaired financial assets 404 280 401 Impairment losses (226) (215) (284) 193,716 163,853 176,554 Currency Euro 63,903 45,197 58,850 Pound sterling 6,732 6,304 7,372 US dollar 37,749 34,229 29,009 Brazilian real 35,841 35,907 35,139 Other currencies 49,717 42,431 46,468 Debt securities excluding impairment adjustments 193,942 164,068 176,838 Impairment losses (226) (215) (284) 193,716 163,853 176,554 |
Schedule of debt instruments by origin of issuer | The breakdown, by origin of the issuer, of debt securities at 31 December 2022, 2021 and 2020, net of impairment losses, is as follows: EUR million 2022 2021 2020 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 1,015 26,876 27,891 14.40 % 3,773 20,638 24,411 14.90 % 1,588 30,397 31,985 18.12 % United Kingdom 2,545 3,013 5,558 2.87 % 3,334 2,097 5,431 3.31 % 3,099 2,795 5,894 3.34 % Portugal 2,572 3,603 6,175 3.19 % 3,008 3,845 6,853 4.18 % 3,095 6,462 9,557 5.41 % Italy 1,948 8,329 10,277 5.31 % 1,215 1,531 2,746 1.68 % 1,047 4,688 5,735 3.25 % Ireland 6,141 11 6,152 3.18 % 4,759 52 4,811 2.94 % 2,924 2 2,926 1.66 % Poland 2,830 9,443 12,273 6.34 % 2,848 12,727 15,575 9.51 % 3,126 11,400 14,526 8.23 % Other European countries 8,161 9,655 17,816 9.20 % 8,922 3,422 12,344 7.53 % 8,211 2,891 11,102 6.29 % United States 8,950 22,318 31,268 16.14 % 5,634 21,465 27,099 16.54 % 6,386 14,645 21,031 11.91 % Brazil 9,201 28,191 37,392 19.30 % 5,446 29,251 34,697 21.18 % 5,179 33,316 38,495 21.80 % Mexico 481 17,578 18,059 9.32 % 517 14,572 15,089 9.21 % 435 19,053 19,488 11.04 % Chile 28 10,009 10,037 5.18 % 51 9,467 9,518 5.81 % 41 8,082 8,123 4.60 % Other American countries 1,560 5,960 7,520 3.88 % 655 2,128 2,783 1.70 % 274 3,098 3,372 1.91 % Rest of the world 390 2,908 3,298 1.70 % 77 2,419 2,496 1.52 % 182 4,138 4,320 2.44 % 45,822 147,894 193,716 100 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % |
Schedule of debt instruments by issuer rating | Following are the main aggregates relating to credit risk from our activities with customers: Main credit risk performance metrics from activity with customers A December data Credit risk with customers B Credit impaired loans NPL ratio (%) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Europe 639,996 636,123 606,997 15,186 19,822 20,272 2.37 3.12 3.34 Spain 293,197 283,953 272,154 9,598 13,403 14,053 3.27 4.72 5.16 UK 253,455 262,869 252,255 3,059 3,766 3,138 1.21 1.43 1.24 Portugal 41,755 41,941 40,693 1,247 1,442 1,584 2.99 3.44 3.89 Poland 33,350 33,497 31,578 1,268 1,210 1,496 3.80 3.61 4.74 North America 185,614 149,792 131,626 5,629 3,632 2,938 3.03 2.42 2.23 US 140,452 112,808 99,135 4,571 2,624 2,025 3.25 2.33 2.04 Mexico 45,107 36,984 32,476 1,047 1,009 913 2.32 2.73 2.81 South America 167,348 141,874 129,590 10,381 6,387 5,688 6.20 4.50 4.39 Brazil 101,801 85,702 74,712 7,705 4,182 3,429 7.57 4.88 4.59 Chile 47,811 41,479 42,826 2,384 1,838 2,051 4.99 4.43 4.79 Argentina 5,844 5,481 4,418 122 198 93 2.08 3.61 2.11 Digital Consumer Bank 125,339 116,989 116,381 2,583 2,490 2,525 2.06 2.13 2.17 Corporate Centre 5,824 6,337 4,862 894 903 344 15.35 14.38 7.08 Total Group 1,124,121 1,051,115 989,456 34,673 33,234 31,767 3.08 3.16 3.21 A. Management perimeter according to the reported segments B. Includes gross lending to customers, guarantees and documentary credits. |
Schedule of breakdown by type of instrument | The detail, by type of financial instrument, of private fixed-income securities at 31 December 2022, 2021 and 2020, net of impairment losses, is as follows: EUR million 2022 2021 2020 Securitised mortgage bonds 9,222 5,806 5,926 Other asset-backed bonds 7,120 6,304 5,479 Floating rate debt 12,397 8,081 7,829 Fixed rate debt 17,083 20,048 16,353 Total 45,822 40,239 35,587 |
Schedule of changes in impairment losses on debt instruments | The changes in the impairment losses on debt securities are summarised below: EUR million 2022 2021 2020 Balance at beginning of year 215 284 474 Net impairment losses for the year A 16 28 79 Of which: Impairment losses charged to income 30 49 91 Impairment losses reversed with a credit to income (14) (21) (12) Exchange differences and other items (5) (97) (269) Balance at end of year 226 215 284 Of which: By geographical location of risk: European Union 26 25 21 Latin America 200 190 263 A. Of the EUR 16 million corresponding to net provisions for the year ended 31 December 2022 (EUR 28 million and EUR 79 million at 31 December 2021 and 2020, respectively), EUR 17 million relates to financial assets at amortized cost (EUR 31 million and EUR 77 million at 31 December 2021 and 2020, respectively) and EUR -1 million relates to financial assets designated at fair value through other comprehensive income (EUR -3 million and EUR 2 million at 31 December 2021 and 2020, respectively). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,188 5,226 13,550 22,964 Transfers To stage 2 from stage 1 (713) 3,046 2,333 To stage 3 from stage 1 (557) 4,586 4,029 To stage 3 from stage 2 (1,802) 3,182 1,380 To stage 1 from stage 2 215 (894) (679) To stage 2 from stage 3 400 (933) (533) To stage 1 from stage 3 9 (161) (152) Net changes of the exposure and modifications in the credit risk 414 (1,056) 5,940 5,298 Write-offs — — (12,235) (12,235) FX and other movements 70 207 2 279 Loss allowance at the end of the year 3,626 5,127 13,931 22,684 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 The changes in gross property development loans to customers were as follows: EUR million 2022 2021 2020 Balance at beginning of year 2,625 2,871 2,939 Foreclosed assets — (1) (6) Reductions (295) (230) (24) Written-off assets (3) (15) (38) Balance at end of year 2,327 2,625 2,871 |
Equity Instruments (Tables)
Equity Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Disclosure of breakdown of equity instruments | The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Classification Financial assets held for trading 10,066 15,077 9,615 Non-trading financial assets mandatorily at fair value through profit or loss 3,711 4,042 3,234 Financial assets designated at fair value through other comprehensive income 1,941 2,453 2,783 15,718 21,572 15,632 Type Shares of Spanish companies 3,284 3,896 3,364 Shares of foreign companies 10,494 15,184 10,437 Shares of investment funds 1,940 2,492 1,831 15,718 21,572 15,632 |
Disclosure of changes in financial assets at fair value through other comprehensive income | The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2022 2021 2020 Balance at beginning of the year 2,453 2,783 2,863 Net additions (disposals) (33) (276) 833 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) A (497) (171) (917) Changes in the RV hedged with micro-hedging transactions 18 117 4 Balance at end of year 1,941 2,453 2,783 A. They do not include fair value movements for currency risk hedged with hedging instruments. |
Trading Derivatives (assets a_2
Trading Derivatives (assets and liabilities) and short positions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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): EUR million 2022 2021 2020 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 38,789 37,641 31,884 30,192 43,832 41,085 Currency risk 26,391 26,063 19,823 21,894 21,162 22,028 Price risk 1,347 817 1,498 891 1,931 944 Other risks 475 370 1,087 589 212 412 67,002 64,891 54,292 53,566 67,137 64,469 |
Schedule of short positions | Following is a breakdown of the short positions (liabilities): EUR million 2022 2021 2020 Borrowed securities Debt instruments 1,979 825 625 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 1,362 825 625 Banco Santander, S.A. 617 — — Equity instruments 993 389 289 Of which: Banco Santander, S.A. 934 318 289 Short sales Debt instruments 19,543 11,022 15,784 Of which: Banco Santander, S.A. 12,902 8,926 8,645 Banco Santander (Brasil) S.A. 3,857 1,952 7,085 Pierpont Capital Holdings LLC 2,690 — — Equity instruments — — — 22,515 12,236 16,698 |
Loans and advances to custome_2
Loans and advances to customers (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loans And Advances To Customers [Abstract] | |
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: EUR million 2022 2021 2020 Financial assets held for trading 9,550 6,829 296 Non-trading financial assets mandatorily at fair value through 868 537 552 Financial assets designated at fair value through profit or loss 5,774 10,289 24,121 Financial assets at fair value through other comprehensive income 8,215 7,663 9,267 Financial assets at amortized cost 1,011,597 947,364 881,963 Of which: Impairment losses (22,684) (22,964) (23,595) 1,036,004 972,682 916,199 Loans and advances to customers disregarding impairment losses 1,058,688 995,646 939,794 |
Schedule of the breakdown of loans and advances to customers | Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions: EUR million 2022 2021 2020 Loan type and status Commercial credit 56,688 49,603 37,459 Secured loans 565,609 542,404 503,014 Reverse repurchase agreements 39,500 33,264 35,702 Other term loans 290,031 269,526 269,143 Finance leases 39,833 38,503 36,251 Receivable on demand 11,435 10,304 7,903 Credit cards receivables 22,704 20,397 19,507 Impaired assets 32,888 31,645 30,815 1,058,688 995,646 939,794 Geographical area Spain 212,804 216,741 215,330 European Union (excluding Spain) 202,958 190,032 192,988 United States and Puerto Rico 125,436 102,491 93,405 Other OECD countries A 385,906 374,729 338,362 South America (non - OECD) 112,803 94,010 79,629 Rest of the world 18,781 17,643 20,080 1,058,688 995,646 939,794 Interest rate formula Fixed rate 642,537 593,645 550,883 Floating rate 416,151 402,001 388,911 1,058,688 995,646 939,794 A. Includes, mainly, customers from the United Kingdom. |
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 2022, net of impairment losses: EUR million Secured loans Net exposure Loan to value ratio C Total Without Of which Of which Less than or equal to 40% More More More More than 100% Public sector 24,436 23,410 157 869 66 73 18 862 7 Other financial institutions (financial business activity) 83,091 28,950 5,223 48,918 4,172 2,677 739 45,934 619 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 345,083 195,015 70,063 80,005 25,973 25,327 19,813 55,306 23,649 Of which: Construction and property development 20,320 1,561 17,673 1,086 6,572 6,251 2,027 2,188 1,721 Civil engineering construction 2,959 1,895 149 915 59 109 139 715 42 Large companies 188,730 127,137 19,751 41,842 8,650 6,642 6,690 29,228 10,383 SMEs and individual entrepreneurs 133,074 64,422 32,490 36,162 10,692 12,325 10,957 23,175 11,503 Households – other (broken down by purpose) 562,078 105,335 368,242 88,501 104,249 126,361 127,779 64,685 33,669 Of which: Residential 361,235 1,524 359,072 639 97,155 118,774 116,484 24,415 2,883 Consumer loans 182,097 100,686 2,118 79,293 3,436 5,183 8,294 34,501 29,997 Other purposes 18,746 3,125 7,052 8,569 3,658 2,404 3,001 5,769 789 Total A 1,014,688 352,710 443,685 218,293 134,460 154,438 148,349 166,787 57,944 Memorandum item Refinanced and restructured transactions B 25,907 11,662 9,001 5,244 3,566 2,006 3,611 3,422 1,640 A. In addition, the Group has granted advances to customers amounting to EUR 21,316 millio n, bri nging the total of loans and advances to EUR 1,036,004 million. B. Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. C. The ratio is the carrying amount of the transactions at 31 December 2022 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” during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 878,700 67,584 31,287 977,571 Movements Transfers To stage 2 from stage 1 (31,811) 31,811 — To stage 3 from stage 1 A (11,143) 11,143 — To stage 3 from stage 2 (8,487) 8,487 — To stage 1 from stage 2 18,907 (18,907) — To stage 2 from stage 3 3,250 (3,250) — To stage 1 from stage 3 456 (456) — Net changes on financial assets 86,459 (8,839) (2,568) 75,052 Write-offs — — (12,235) (12,235) Exchange differences and others 1,293 284 209 1,786 Balance at the end of the year 942,861 66,696 32,617 1,042,174 2021 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 817,906 66,104 30,318 914,328 Movements Transfers To stage 2 from stage 1 (33,051) 33,051 — To stage 3 from stage 1 (6,617) 6,617 — To stage 3 from stage 2 (5,836) 5,836 — To stage 1 from stage 2 17,796 (17,796) — To stage 2 from stage 3 1,865 (1,865) — To stage 1 from stage 3 271 (271) — Net changes on financial assets 62,629 (11,629) (719) 50,281 Write-offs — — (9,089) (9,089) Exchange differences and others 19,766 1,825 460 22,051 Balance at the end of the year 878,700 67,584 31,287 977,571 2020 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 849,939 50,476 31,837 932,252 Movements Transfers To stage 2 from stage 1 (43,170) 43,170 — To stage 3 from stage 1 (5,120) 5,120 — To stage 3 from stage 2 (8,734) 8,734 — To stage 1 from stage 2 13,459 (13,459) — To stage 2 from stage 3 1,831 (1,831) — To stage 1 from stage 3 578 (578) — Net changes on financial assets 53,555 (2,951) (659) 49,945 Write-offs — — (8,930) (8,930) Exchange differences and others (51,335) (4,229) (3,375) (58,939) Balance at the end of the year 817,906 66,104 30,318 914,328 A. It includes the effect of the stage 3 definition alignment with the accounting default definition, mainly by Santander Consumer USA. |
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: EUR million 2022 2021 2020 Amount at beginning of the year 22,964 23,595 22,242 Impairment losses charged to income for the year 11,676 8,762 13,385 Of which: Impairment losses charged to profit or loss 19,879 18,240 20,909 Impairment losses reversed with a credit to profit or loss (8,203) (9,478) (7,524) Change of perimeter — — (82) Write-off of impaired balances against recorded impairment allowance (12,235) (9,089) (8,930) Exchange differences and other changes 279 (304) (3,020) Amount at end of the year 22,684 22,964 23,595 Which correspond to: Impaired assets 13,931 13,550 13,658 Other assets 8,753 9,414 9,937 Of which: Individually calculated 2,493 2,496 2,679 Collective calculated 20,191 20,468 20,916 |
Schedule of changes in loss allowance and gross carrying amount | The changes in the impairment losses on debt securities are summarised below: EUR million 2022 2021 2020 Balance at beginning of year 215 284 474 Net impairment losses for the year A 16 28 79 Of which: Impairment losses charged to income 30 49 91 Impairment losses reversed with a credit to income (14) (21) (12) Exchange differences and other items (5) (97) (269) Balance at end of year 226 215 284 Of which: By geographical location of risk: European Union 26 25 21 Latin America 200 190 263 A. Of the EUR 16 million corresponding to net provisions for the year ended 31 December 2022 (EUR 28 million and EUR 79 million at 31 December 2021 and 2020, respectively), EUR 17 million relates to financial assets at amortized cost (EUR 31 million and EUR 77 million at 31 December 2021 and 2020, respectively) and EUR -1 million relates to financial assets designated at fair value through other comprehensive income (EUR -3 million and EUR 2 million at 31 December 2021 and 2020, respectively). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,188 5,226 13,550 22,964 Transfers To stage 2 from stage 1 (713) 3,046 2,333 To stage 3 from stage 1 (557) 4,586 4,029 To stage 3 from stage 2 (1,802) 3,182 1,380 To stage 1 from stage 2 215 (894) (679) To stage 2 from stage 3 400 (933) (533) To stage 1 from stage 3 9 (161) (152) Net changes of the exposure and modifications in the credit risk 414 (1,056) 5,940 5,298 Write-offs — — (12,235) (12,235) FX and other movements 70 207 2 279 Loss allowance at the end of the year 3,626 5,127 13,931 22,684 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 The changes in gross property development loans to customers were as follows: EUR million 2022 2021 2020 Balance at beginning of year 2,625 2,871 2,939 Foreclosed assets — (1) (6) Reductions (295) (230) (24) Written-off assets (3) (15) (38) Balance at end of year 2,327 2,625 2,871 |
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 Loans to customers' considered to be impaired due to credit risk is as follows: EUR million 2022 2021 2020 Balance at beginning of year 31,645 30,815 32,543 Net additions 13,060 9,390 10,577 Written-off assets (12,235) (9,089) (8,930) Changes in the scope of consolidation — — (39) Exchange differences and other 418 529 (3,336) Balance at end of year 32,888 31,645 30,815 |
Schedule of financial assets that are either past due or impaired, with or without collateral | 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 2022: EUR million Gross Allowance recognised Estimated collateral A Without associated real collateral 14,066 7,684 — With real estate collateral 10,909 2,889 7,848 With other collateral 7,913 3,358 3,998 Total 32,888 13,931 11,846 A. 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 the breakdown of the securitized loans | The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below: EUR million 2022 2021 2020 Retained on the balance sheet 82,603 80,600 88,662 Of which Securitised mortgage assets 16,265 19,523 30,145 Of which: UK assets 4,144 5,295 9,034 Other securitised assets 66,338 61,077 58,517 Total A 82,603 80,600 88,662 A. Note 22 details the liabilities associated with these securitisation transactions. |
Trading derivatives (Tables)
Trading derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Notional amount Market Notional amount Market Notional amount Market Trading derivatives Interest rate risk Forward rate agreements 100,579 22 147,603 (11) 515,889 — Interest rate swaps 4,844,043 2,387 3,920,945 1,931 3,789,169 3,638 Options, futures and other derivatives 495,994 (1,261) 508,723 (228) 698,500 (891) Credit risk Credit default swaps 16,185 (6) 13,571 436 12,378 (133) Foreign currency risk Foreign currency purchases and sales 384,024 423 329,781 (664) 304,280 (45) Foreign currency options 54,967 150 49,680 (114) 45,074 (7) Currency swaps 496,441 (245) 430,644 (1,293) 394,178 (814) Securities and commodities derivatives and other 71,237 641 69,850 669 70,861 920 Total 6,463,470 2,111 5,470,797 726 5,830,329 2,668 |
Non-current assets (Tables)
Non-current assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Non-current assets [abstract] | |
Schedule of non-current assets | The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Tangible assets 3,435 4,089 4,445 Of which: Foreclosed assets 3,101 3,651 4,081 Of which property assets in Spain 2,596 3,120 3,485 Other tangible assets held for sale 334 438 364 Other assets 18 — — Total 3,453 4,089 4,445 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments [Abstract] | |
Summary of investments by company | The detail, by company, of Investments is as follows: EUR million 2022 2021 2020 Associated entities 5,634 5,833 6,130 Merlin Properties, SOCIMI, S.A. 1,653 1,640 1,581 Caceis 1,046 975 1,077 Metrovacesa, S.A. 979 1,087 1,157 Zurich Santander Insurance 916 826 955 CNP Santander 406 418 439 Ebury Partners Limited (note 3) — 394 388 Other companies 634 493 533 Joint Ventures entities 1,981 1,692 1,492 U.C.I., S.A. - Consolidated 416 228 168 Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L) 359 334 326 Santander Vida Seguros y Reaseguros, S.A. (note 3) 356 378 381 Fortune Auto Finance Co., ltd 244 222 172 Hyundai Capital UK Limited 223 201 151 Banco RCI Brasil S.A. 95 92 88 Other companies 288 237 206 Total Associated entities and Joint ventures 7,615 7,525 7,622 |
Summary of goodwill of the main investments in joint ventures and associates | Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading: EUR million 2022 2021 2020 Goodwill 1,508 1,723 1,862 Of which: Zurich Santander Insurance America, S.L. - Consolidated 526 526 526 Caceis 337 337 337 |
Summary of changes in investments | The changes in the investments were as follows: EUR million 2022 2021 2020 Balance at beginning of year 7,525 7,622 8,772 Acquisitions (disposals) of companies and capital increases (reductions) 142 94 676 Of which: Ebury Partners Limited (note 3) — — 409 Santander Vida Seguros y Reaseguros, S.A. (note 3) — — 219 Changes in the consolidation method (note 3) (320) — (1,359) Of which: Ebury Partners Limited (382) — — Project Quasar Investments 2017, S.L. — — (956) Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) — — (409) Effect of equity accounting 702 432 (96) Dividends distributed and reimbursements of share premium (560) (662) (186) Of which: Zurich Santander Insurance America S.L. - Consolidated (160) (230) (80) Caceis — (144) — CNP Santander (15) (60) — Metrovacesa, S.A. (124) (60) — Santander Vida Seguros y Reaseguros, S.A.- Consolidated (40) (31) (37) Merlin Properties, SOCIMI, S.A. (139) (52) (17) Other global result 70 (13) (1) Exchange differences and other changes 56 52 (184) Balance at end of year 7,615 7,525 7,622 |
Summary of financial information on the main associates and joint ventures | A summary of the financial information at the end of December 2022 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below: EUR million Associates Joint ventures Merlin Properties, SOCIMI, S.A. A Metrovacesa, S.A. A Caceis Zurich Santander Insurance América, S.L. - Consolidated CNP Santander Santander Caceis Latam Holding, S.L. - Consolidated U.C.I., S.A. - Consolidated Hyundai Capital UK Limited Fortune Auto Finance Co., LTD Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3) Banco RCI Brasil S.A. Current assets 1,038 2,200 36,702 1,027 166 191 308 2,593 176 79 5 Non current assets 13,234 577 87,638 16,216 2,168 497 11,228 2,064 1,863 1,725 1,939 Total assets 14,272 2,777 124,340 17,243 2,334 688 11,536 4,657 2,039 1,804 1,944 Current liabilities 737 364 9,629 337 19 188 182 2,346 29 190 109 Non current liabilities 6,508 334 110,251 15,907 1,907 10 10,574 1,868 1,521 1,051 1,582 Total liabilities 7,245 698 119,880 16,244 1,926 198 10,756 4,214 1,550 1,241 1,691 Attributable profit for the period 512 18 278 471 93 67 (63) 68 57 89 40 Other accumulated comprehensive income 32 1 — (759) (86) (242) 280 (19) 12 (51) (217) Rest of equity 6,483 2,060 4,182 1,287 401 665 563 394 420 525 430 Total Equity 7,027 2,079 4,460 999 408 490 780 443 489 563 253 Total liabilities and equity 14,272 2,777 124,340 17,243 2,334 688 11,536 4,657 2,039 1,804 1,944 Ordinary activities income 551 511 2,770 4,771 816 120 263 809 257 784 292 Profit (loss) from continuing operations 512 18 278 471 93 67 (63) 68 57 89 40 Profit (loss) for the year from discontinuing operations — — — — — — — — — — — A. Data as of 31 December 2021, latest accounts available. |
Insurance contracts linked to_2
Insurance contracts linked to pensions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 104 149 174 104 149 174 |
Liabilities and assets under _2
Liabilities and assets under insurance contracts and reinsurance assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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: EUR million 2022 2021 2020 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 65 (58) 7 56 (50) 6 51 (45) 6 Life insurance 226 (173) 53 209 (150) 59 189 (137) 52 Unearned premiums and risks 163 (150) 13 146 (130) 16 126 (122) 4 Mathematical provisions 63 (23) 40 63 (20) 43 63 (15) 48 Claims outstanding 389 (51) 338 451 (55) 396 561 (59) 502 Bonuses and rebates 14 (6) 8 20 (11) 9 23 (11) 12 Other technical provisions 53 (20) 33 34 (17) 17 86 (9) 77 747 (308) 439 770 (283) 487 910 (261) 649 |
Tangible assets (Tables)
Tangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment [abstract] | |
Disclosure of changes in tangible assets in the consolidated balance sheets | The changes in Tangible assets in the consolidated balance sheets were as follows: EUR million 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 2020 27,108 24,454 1,450 53,012 5,686 — — 5,686 Additions / disposals (net) due to change in the scope of consolidation (16) 1,082 7 1,073 (37) — — (37) Additions / disposals (net) 827 512 (29) 1,310 (1,339) — — (1,339) Transfers, exchange differences and other items (3,023) (1,844) 32 (4,835) (362) — — (362) Balance at 31 December 2020 24,896 24,204 1,460 50,560 3,948 — — 3,948 Additions / disposals (net) due to change in the scope of consolidation 66 (257) — (191) 1 — — 1 Additions / disposals (net) 781 (1,076) (64) (359) 96 A — — 96 Transfers, exchange differences and other items (214) 1,552 141 1,479 384 — — 384 Balance at 31 December 2021 25,529 24,423 1,537 51,489 4,429 — — 4,429 Additions / disposals (net) due to change in the scope of consolidation 14 89 — 103 1 — — 1 Additions / disposals (net) 604 (822) (64) (282) 109 A — — 109 Transfers, exchange differences and other items 423 1,476 107 2,006 153 — — 153 Balance at 31 December 2022 26,570 25,166 1,580 53,316 4,692 — — 4,692 Accumulated depreciation Balances at 1 January 2020 (11,974) (5,210) (144) (17,328) (765) — — (765) Disposals due to change in the scope of consolidation (40) — — (40) (3) — — (3) Disposals 527 2,387 11 2,925 167 — — 167 Charge for the year (1,906) — (8) (1,914) (706) — — (706) Transfers, exchange differences and other items 1,850 (2,762) 8 (904) 90 — — 90 Balance at 31 December 2020 (11,543) (5,585) (133) (17,261) (1,217) — — (1,217) Disposals due to change in the scope of consolidation (1) 40 — 39 — — — — Disposals 733 3,390 3 4,126 44 — — 44 Charge for the year (1,733) — (10) (1,743) (612) — — (612) Transfers, exchange differences and other items 529 (3,083) (9) (2,563) (4) — — (4) Balance at 31 December 2021 (12,015) (5,238) (149) (17,402) (1,789) — — (1,789) Disposals due to change in the scope of consolidation (7) (30) 4 (33) — — — — Disposals 1,065 2,882 16 3,963 164 — — 164 Charge for the year (1,821) — (13) (1,834) (636) — — (636) Transfers, exchange differences and other items (114) (3,192) (30) (3,336) (4) — — (4) Balance at 31 December 2022 (12,892) (5,578) (172) (18,642) (2,265) — — (2,265) A. Includes contract extensions on operating leases and repurchases. EUR million 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 2020 (93) (23) (333) (449) — — — — Impairment charge for the year (104) (70) (11) (185) (4) — — (4) Releases 4 2 5 11 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 20 — 3 23 — — — — Exchange differences and other 33 31 (28) 36 (6) — — (6) Balance at 31 December 2020 (140) (60) (364) (564) (9) — — (9) Impairment charge for the year (144) (17) (8) (169) (13) — — (13) Releases 10 4 5 19 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 61 — 3 64 7 — — 7 Exchange differences and other (42) (29) (44) (115) (1) — — (1) Balance at 31 December 2021 (255) (102) (408) (765) (15) — — (15) Impairment charge for the year (95) (33) (29) (157) (2) — — (2) Releases 12 1 4 17 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 34 76 9 119 13 13 Exchange differences and other 115 25 45 185 (11) — — (11) Balance at 31 December 2022 (189) (33) (379) (601) (14) — — (14) Tangible assets, net Balances at 31 December 2020 13,213 18,559 963 32,735 2,722 — — 2,722 Balances at 31 December 2021 13,259 19,083 979 33,321 2,625 — — 2,625 Balances at 31 December 2022 13,489 19,555 1,029 34,073 2,413 0 0 2,413 |
Disclosure of detailed information about property, plant and equipment | 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: EUR million Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 13,081 (3,215) (133) 9,733 2,716 IT equipment and fixtures 5,562 (4,416) — 1,146 1 Furniture and vehicles 6,085 (3,854) — 2,231 5 Construction in progress and other items 168 (58) (7) 103 — Balances at 31 December 2020 24,896 (11,543) (140) 13,213 2,722 Land and buildings 13,855 (3,675) (240) 9,940 2,570 IT equipment and fixtures 5,543 (4,335) — 1,208 42 Furniture and vehicles 5,982 (3,954) — 2,028 12 Construction in progress and other items 149 (51) (15) 83 — Balances at 31 December 2021 25,529 (12,015) (255) 13,259 2,625 Land and buildings 14,623 (4,467) (175) 9,981 2,349 IT equipment and fixtures 5,285 (3,984) — 1,301 53 Furniture and vehicles 6,445 (4,389) — 2,056 11 Construction in progress and other items 217 (52) (14) 151 — Balances at 31 December 2022 26,570 (12,892) (189) 13,489 2,413 |
Disclosure of maturity analysis of operating lease payments | In addition, the maturity analysis of the undiscounted payments for assets leased out under operating leases from Santander US Auto is as follows: EUR million 2022 Maturity Analysis 2023 2,811 2024 5,243 2025 4,762 2026 1,171 |
Intangible assets - Goodwill (T
Intangible assets - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill [abstract] | |
Disclosure of detailed information about goodwill | The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: EUR million 2022 2021 2020 Banco Santander (Brasil) 3,503 3,219 3,109 SAM Investment Holdings Limited 1,444 1,444 1,444 Santander Consumer Germany 1,304 1,304 1,314 Santander Bank Polska 1,075 1,095 1,104 Santander Portugal 1,040 1,040 1,040 Santander US Auto 1,039 979 904 Santander España 998 1,027 1,027 Santander Holding USA (ex. Auto) A 844 643 594 Santander UK 599 633 592 Banco Santander - Chile 548 516 571 Grupo Financiero Santander (México) 469 435 399 Ebury Partners 298 — — Santander Consumer Nordics 215 224 216 Other companies 365 154 157 Total Goodwill 13,741 12,713 12,471 A. Includes the Amherst Pierpont Securities LLC' business (see note 3). |
Schedule of goodwill and changes in goodwill | The changes in goodwill were as follows: EUR million 2022 2021 2020 Balance at beginning of year 12,713 12,471 24,246 Additions (note 3) 534 81 429 Of which: Ebury Partners 316 — — Santander Holding USA (ex. Auto) A 158 — — SAM Investment Holdings Limited — — 271 Impairment losses — (6) (10,100) Of which: Santander UK — — (6,101) Santander Bank Polska — — (1,192) Santander Holding USA (ex. Auto) — — (1,177) Santander US Auto — — (1,153) Santander Consumer Nordics — — (277) Disposals or changes in scope of consolidation — — — Exchange differences and other items 494 167 (2,104) Balance at end of year 13,741 12,713 12,471 A. Acquisition of Amherst Pierpont Securities LLC (see note 3). |
Schedule of goodwill assumptions | Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2022 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2022 Projected period Discount rate A Nominal Santander UK 5 years 11.1 % 2.5 % Santander Bank Polska 5 years 15.6 % 4.8 % Santander US Auto 3 years 12.2 % 2.8 % Santander Holding USA (ex. Auto) B 5 years 12.6 % 3.5 % Santander Consumer Germany 5 years 9.4 % 2.3 % SAM Investment Holdings, Limited 5 years 12.2 % 2.5 % Santander Portugal 5 years 11.1 % 2.3 % Santander Consumer Nordics 5 years 11.0 % 2.5 % A. Post-tax discount rate. B. Weighted information of the main assumptions of the segments to which goodwill has been allocated. The discount and nominal perpetual growth rates taken into account in 2021 and 2020 are presented below for comparison purposes: Discount rate A Nominal 2021 2020 2021 2020 Santander UK 9.2 % 9.5 % 2.3 % 2.3 % Santander Bank Polska 10.3 % 10.0 % 3.5 % 3.5 % Santander US Auto 10.6 % 10.7 % 1.5 % 1.5 % Santander Holding USA (ex. Auto) B 11.6 % 11.6 % 3.0 % 2.5 % Santander Consumer Germany 8.3 % 9.0 % 1.8 % 1.8 % SAM Investment Holdings, Limited 10.4 % 10.1 % 2.5 % 2.5 % Santander Portugal 9.7 % 9.8 % 1.8 % 1.8 % Santander Consumer Nordics 9.9 % 10.1 % 2.0 % 2.0 % A. Post-tax discount rate. B. Weighted information of the main assumptions of the segments to which goodwill has been allocated. |
Intangible assets - Other int_2
Intangible assets - Other intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets other than goodwill [abstract] | |
Disclosure of detailed information about intangible assets | The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2022, 2021, and 2020 is as follows: EUR million Estimated 31/12/2021 Net Change in Amortization Application of Exchange 31/12/2022 Cost 10,712 1,757 381 — (511) 163 12,502 Brand names 4 — 27 — 2 33 IT developments 3 -7 years 9,189 1,748 153 (497) 128 10,721 Other 1,519 9 201 (14) 33 1,748 Accumulated amortisation (6,707) — — (1,151) 412 (108) (7,554) Development (6,149) — — (1,024) 403 (96) (6,866) Other (558) — — (127) 9 (12) (688) Impairment losses (134) — — (75) 99 66 (44) Of which addition — — — (75) — — — Liberation — — — — — — — 3,871 1,757 381 (1,226) — 121 4,904 EUR million Estimated 31/12/2020 Net Change in Amortization Application of Exchange 31/12/2021 Cost 9,376 1,409 5 — (293) 215 10,712 Brand names 37 — — (34) 1 4 IT developments 3-7 years 7,900 1,325 4 (212) 172 9,189 Other 1,439 84 1 (47) 42 1,519 Accumulated amortisation (5,809) — (2) (1,013) 232 (115) (6,707) Development (5,307) — (1) (922) 178 (97) (6,149) Other (502) — (1) (91) 54 (18) (558) Impairment losses (130) — — (65) 61 — (134) Of which addition — — — (65) — — — Liberation — — — — — — — 3,437 1,409 3 (1,078) — 100 3,871 EUR million Estimated 31/12/2019 Net Change in Amortization Application of Exchange 31/12/2020 Cost 9,263 1,451 (33) — (241) (1,064) 9,376 Brand names 42 — — — (5) 37 IT developments 3-7 years 7,945 1,123 (34) (224) (910) 7,900 Other 1,276 328 1 (17) (149) 1,439 Accumulated amortisation (5,686) 35 49 (896) 105 584 (5,809) Development (5,139) — 49 (792) 88 487 (5,307) Other (547) 35 — (104) 17 97 (502) Impairment losses (136) — — (142) 136 12 (130) Of which addition — — — (142) — — — Liberation — — — 0 — — — 3,441 1,486 16 (1,038) — (468) 3,437 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous assets [abstract] | |
Schedule of other assets | The detail of 'Other assets' is as follows: EUR million 2022 2021 2020 Transactions in transit 83 157 88 Net pension plan assets (note 25) 1,345 1,990 635 Prepayments and accrued income 3,003 2,610 2,806 Other (note 2.n) 5,536 3,683 7,362 9,967 8,440 10,891 |
Deposits from central banks a_2
Deposits from central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deposits From Central Banks And Credit Institutions [Abstract] | |
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: EUR million 2022 2021 2020 CENTRAL BANKS Classification Financial liabilities held for trading 5,757 1,038 — Financial liabilities designated at fair value through profit or loss 1,740 607 2,490 Financial liabilities at amortized cost 76,952 139,757 112,804 84,449 141,402 115,294 Type Deposits on demand — 10 10 Time deposits 72,320 134,439 108,090 Reverse repurchase agreements 12,129 6,953 7,194 84,449 141,402 115,294 CREDIT INSTITUTIONS Classification Financial liabilities held for trading 9,796 6,488 — Financial liabilities designated at fair value through profit or loss 1,958 1,064 6,765 Financial liabilities at amortized cost 68,582 52,235 62,620 80,336 59,787 69,385 Type Deposits on demand 6,808 6,139 5,727 Time deposits 49,221 37,332 43,308 Reverse repurchase agreements 24,245 16,198 20,179 Subordinated deposits 62 118 171 80,336 59,787 69,385 Currency Euro 65,133 107,908 104,499 Pound sterling 35,357 42,451 23,339 US dollar 30,924 24,012 26,581 Brazilian real 14,195 11,297 12,356 Other currencies 19,176 15,521 17,904 TOTAL 164,785 201,189 184,679 |
Customer deposits (Tables)
Customer deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deposits from customers [abstract] | |
Schedule of customer deposits | The detail, by classification, geographical area and type, of Customer deposits is as follows: EUR million 2022 2021 2020 Classification Financial liabilities held for trading 12,226 6,141 — Financial liabilities designated at fair value through profit or loss 46,822 25,608 34,343 Financial liabilities 966,353 886,595 814,967 1,025,401 918,344 849,310 Geographical area Spain 399,112 319,565 294,516 European Union (excluding Spain) 115,323 112,361 106,013 United Kingdom 232,364 243,734 232,840 United States and Puerto Rico 87,497 73,814 59,057 Rest of America 181,782 159,381 147,300 Rest of the world 9,323 9,489 9,584 1,025,401 918,344 849,310 Type Demand deposits- 710,232 717,728 642,897 Current accounts 477,739 482,649 418,752 Savings accounts 225,445 227,318 216,500 Other demand deposits 7,048 7,761 7,645 Time deposits- 251,778 164,259 171,939 Fixed-term deposits and other term deposits 248,298 162,172 170,127 Home-purchase savings accounts 38 38 43 Discount deposits — 3 3 Hybrid financial liabilities 3,296 1,906 1,743 Subordinated liabilities 146 140 23 Repurchase agreements 63,391 36,357 34,474 1,025,401 918,344 849,310 |
Marketable debt securities (Tab
Marketable debt securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Marketable Debt Securities [Abstract] | |
Schedule of marketable securities | The detail, by classification and type, of Marketable debt securities is as follows: EUR million 2022 2021 2020 Classification Financial liabilities — — — Financial liabilities designated 5,427 5,454 4,440 Financial liabilities 274,912 240,709 230,829 280,339 246,163 235,269 Type Bonds and debentures outstanding 211,597 194,362 191,577 Subordinated 25,717 25,938 21,686 Notes and other securities 43,025 25,863 22,006 280,339 246,163 235,269 |
Disclosure of maturity analysis of debt instruments, book value and notional amounts | The distribution of the book value of debt securities issued by contractual maturity at 31 December 2022 is shown below: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 678 3,706 3,774 17,559 25,717 Senior unsecured debt 5,224 13,924 48,113 31,854 28,342 127,457 Senior secured debt 4,204 15,445 30,808 20,786 12,897 84,140 Promissory notes and other securities 25,659 17,366 — — — 43,025 Debt securities issued 35,087 47,413 82,627 56,414 58,798 280,339 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2022 is as follows: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 663 3,728 3,810 17,502 25,703 Senior unsecured debt 5,255 14,006 48,398 32,042 28,510 128,211 Senior secured debt 4,203 15,440 30,799 20,780 12,892 84,114 Promissory notes and other securities 25,647 17,358 — — — 43,005 Debt securities issued 35,105 47,467 82,925 56,632 58,904 281,033 The analysis of the maturities of lease liabilities at 31 December 2022, 2021 and 2020 is shown below: EUR million 2022 2021 2020 Maturity Analysis - Discounted payments Within 1 year 707 690 594 Between 1 and 3 years 1,005 933 981 Between 3 and 5 years 454 534 637 Later than 5 years 456 699 837 Total discounted payments at the end of the year 2,622 2,856 3,049 |
Disclosure of bonds and debentures by currency | The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows: 2022 EUR million Currency of issue 2022 2021 2020 Outstanding issue amount in foreign currency (Million) Annual Euro 87,295 90,348 89,031 87,295 1.38% US dollar 75,798 66,581 61,174 80,930 3.10% Pound sterling 15,883 13,340 16,569 14,084 2.81% Brazilian real 18,024 9,131 8,398 101,835 12.52% Chilean peso 4,653 3,757 5,624 4,230,507 2.74% Other currencies 9,944 11,205 10,781 Balance at end of year 211,597 194,362 191,577 |
Disclosure of changes in bonds and debentures outstanding | The changes in 'Bonds and debentures outstanding' were as follows: EUR million 2022 2021 2020 Balance at beginning of year 194,362 191,577 208,455 Net inclusion of entities in the Group — — 785 Issues 66,033 59,937 54,905 Of which: Banco Santander, S.A. 19,243 11,766 10,220 Santander Consumer USA Holdings Inc. 13,315 15,771 12,246 Banco Santander (Brasil) S.A. 11,233 14,996 11,036 Santander UK Group Holdings plc 10,178 3,372 6,320 Santander Holdings USA, Inc. 2,315 — 1,269 Banco Santander - Chile 1,486 1,158 766 Santander Consumer Finance, S.A. 1,293 1,169 2,394 Santander Bank, National Association 1,222 252 — SC Germany S.A., Compartment Consumer 2022-1 972 — — Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 837 541 1,770 PSA Financial Services Spain, E.F.C., S.A. 706 — 605 Santander Consumer Bank AS 619 779 773 Santander International Products, Plc. 599 914 1,588 PSA Banque France 60 815 385 Santander Factoring Sp. z o.o. 32 819 391 PSA Bank Deutschland GmbH 20 600 — Santander Consumo 4, F.T. — 1,531 — SC Germany S.A., Compartment Consumer 2021-1 — 1,496 — Auto ABS French Lease Master Compartment 2016 — 900 300 SC Germany S.A., Compartment Consumer 2020-1 — — 1,800 SCF Rahoituspalvelut IX DAC — — 650 Redemptions and repurchases (49,903) (61,846) (62,699) Of which: Santander Consumer USA Holdings Inc. (15,252) (15,151) (13,959) Banco Santander, S.A. (9,297) (3,185) (5,991) Santander UK Group Holdings plc (5,267) (14,695) (14,102) Santander Consumer Finance, S.A. (3,357) (3,779) (4,371) Santander Holdings USA, Inc. (3,153) (778) (1,201) Banco Santander (Brasil) S.A. (2,721) (15,182) (14,211) Banco Santander - Chile (1,452) (1,030) (1,974) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (1,316) (411) (415) PSA Banque France (1,165) (335) (684) Santander Consumer Bank AS (972) (348) (936) SC Germany S.A., Compartment Consumer 2020-1 (724) (92) — Santander Leasing S.A. (590) (291) (460) Santander Consumer Bank AG (500) — — Santander Factoring Sp. z o.o. (142) (920) (299) Banco Santander Totta, S.A. (62) (9) (784) Auto ABS French Lease Master Compartment 2016 — (900) — Exchange differences and other movements 1,105 4,694 (9,869) Balance at year-end 211,597 194,362 191,577 |
Disclosure of information on liabilities secured by financial assets | Set forth below is information on the liabilities secured by assets: EUR million 2022 2021 2020 Asset-backed securities 40,138 40,519 35,753 Of which, mortgage-backed securities 1,549 1,487 2,274 Other mortgage securities 43,650 41,779 49,425 Of which: mortgage-backed bonds 22,049 23,197 24,736 Territorial covered bond 352 630 869 84,140 82,928 86,047 |
Disclosure of information required by Bank of Spain | The information currently required by Bank of Spain circular 4/2017: EUR million 2022 2021 2020 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) 80,946 83,088 76,554 Of which: Loans eligible to cover issues of mortgage-backed securities 65,779 64,896 57,382 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 9,769 11,133 17,610 |
Subordinated liabilities (Table
Subordinated liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Subordinated liabilities [abstract] | |
Schedule of subordinated liabilities detail, by currency of issue | The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows: 2022 EUR million Outstanding issue amount in foreign currency (million) Annual interest rate (%) Currency of issue 2022 2021 2020 Euro 12,940 13,857 13,570 12,940 3.40% US dollar 8,438 8,236 5,991 9,009 4.91% Pound sterling 1,358 1,535 565 1,204 4.18% Brazilian real 1,127 879 — 6,367 14.77% Other currencies 2,063 1,689 1,754 Balance at end of year 25,926 26,196 21,880 |
Schedule of changes in subordinated liabilities | The movement in the balance of subordinated liabilities in the last three years were as follows: EUR million 2022 2021 2020 Balance at beginning of year 26,196 21,880 21,062 Issuances A 119 5,340 4,075 Of which: Banco Santander - Chile 113 — 353 Banco Santander, S.A. — 4,469 3,722 Banco Santander (Brasil) S.A. — 871 — Redemptions and repurchases A (1,040) (1,500) (2,838) Of which: Banco Santander, S.A. (889) (1,500) (1,671) Santander UK plc (98) — (740) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (52) — — Santander UK Group Holdings plc — — (316) Santander Bank, National Association — — (111) Exchange differences and other movements 651 476 (419) Balance at end of year 25,926 26,196 21,880 A. The balance rel ating to issuances, redemption s and repurchases (EUR 921 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,251 million), is included in the cash flow from financing activities. |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial liabilities [abstract] | |
Schedule of other financial liabilities | The detail of Other financial liabilities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Trade payables 1,563 1,475 1,177 Clearing houses 1,200 650 599 Tax collection accounts: Public Institutions 5,796 5,315 4,122 Factoring accounts payable 262 275 222 Unsettled financial transactions 5,429 3,779 5,080 Lease liabilities (note 2.l) 2,622 2,856 3,049 Other financial liabilities 20,187 15,523 12,719 37,059 29,873 26,968 |
Disclosure of maturity analysis for non-derivative financial liabilities | The distribution of the book value of debt securities issued by contractual maturity at 31 December 2022 is shown below: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 678 3,706 3,774 17,559 25,717 Senior unsecured debt 5,224 13,924 48,113 31,854 28,342 127,457 Senior secured debt 4,204 15,445 30,808 20,786 12,897 84,140 Promissory notes and other securities 25,659 17,366 — — — 43,025 Debt securities issued 35,087 47,413 82,627 56,414 58,798 280,339 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2022 is as follows: EUR million Within 3 months 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — 663 3,728 3,810 17,502 25,703 Senior unsecured debt 5,255 14,006 48,398 32,042 28,510 128,211 Senior secured debt 4,203 15,440 30,799 20,780 12,892 84,114 Promissory notes and other securities 25,647 17,358 — — — 43,005 Debt securities issued 35,105 47,467 82,925 56,632 58,904 281,033 The analysis of the maturities of lease liabilities at 31 December 2022, 2021 and 2020 is shown below: EUR million 2022 2021 2020 Maturity Analysis - Discounted payments Within 1 year 707 690 594 Between 1 and 3 years 1,005 933 981 Between 3 and 5 years 454 534 637 Later than 5 years 456 699 837 Total discounted payments at the end of the year 2,622 2,856 3,049 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Schedule of details of provisions | The detail of Provisions in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Provision for pensions and other obligations post-employments 2,392 3,185 3,976 Other long term employee benefits 950 1,242 1,751 Provisions for taxes and other legal contingencies 2,074 1,996 2,200 Contingent liabilities and commitments (note 2) 734 733 700 Other provisions 1,999 2,427 2,225 Provisions 8,149 9,583 10,852 |
Schedule of changes in provision | The changes in 'Provisions' in the last three years were as follows: EUR million 2022 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,185 1,242 733 4,423 9,583 Incorporation of Group companies, net — — — — — Additions charged to income 128 69 (27) 1,876 2,046 Interest expense (note 39) 73 27 — — 100 Staff costs (note 46) 57 8 — — 65 Provisions or reversion of provisions (2) 34 (27) 1,876 1,881 Addition 10 105 618 3,484 4,217 Release (12) (71) (645) (1,608) (2,336) Other additions arising from insurance contracts linked to pensions (33) — — — (33) Changes in value recognised in equity 242 — — — 242 Payments to pensioners and pre-retirees with a charge to internal provisions (229) (363) — — (592) Insurance premiums paid (3) — — — (3) Payments to external funds (451) — — — (451) Amounts used — — — (2,817) (2,817) Transfer, exchange differences and other changes (447) 2 28 591 174 Balances at end of year 2,392 950 734 4,073 8,149 EUR million 2021 2020 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,976 1,751 700 4,425 10,852 6,358 1,382 739 5,508 13,987 Incorporation of Group companies, net — — — — — (5) — (1) (2) (8) Additions charged to income 100 101 29 2,748 2,978 (217) 782 50 1,934 2,549 Interest expense (note 39) 78 13 — — 91 84 11 — — 95 Staff costs (note 46) 67 6 — — 73 69 7 — — 76 Provisions or reversion of provisions (45) 82 29 2,748 2,814 (370) 764 50 1,934 2,378 Addition 21 154 473 3,065 3,713 6 787 490 2,258 3,541 Release (66) (72) (444) (317) (899) (376) (23) (440) (324) (1,163) Other additions arising from insurance contracts linked to pensions (8) — — — (8) 2 — — — 2 Changes in value recognised in equity (1,705) — — — (1,705) 547 — — — 547 Payments to pensioners and pre-retirees with a charge to internal provisions (201) (605) — — (806) (303) (408) — — (711) Benefits paid due to settlements — — — — — (1,551) — — — (1,551) Insurance premiums paid — — — — — (1) — — — (1) Payments to external funds (440) — — — (440) (333) — — — (333) Amounts used — — — (2,961) (2,961) — — — (2,485) (2,485) Transfer, exchange differences and other changes 1,463 (5) 4 211 1,673 (521) (5) (88) (530) (1,144) Balances at end of year 3,185 1,242 733 4,423 9,583 3,976 1,751 700 4,425 10,852 |
Schedule of provision for pensions and similar obligations | The detail of Provisions for pensions and similar obligations is as follows: EUR million 2022 2021 2020 Provisions for post-employment plans - Spanish entities 1,245 1,709 1,881 Provisions for other similar obligations - Spanish entities 895 1,188 1,695 Of which pre-retirements 884 1,176 1,676 Provisions for post-employment plans - United Kingdom 29 44 449 Provisions for post-employment plans - Other subsidiaries 1,118 1,432 1,646 Provisions for other similar obligations - Other subsidiaries 55 54 56 Provision for pensions and other obligations post -employments and Other long term employee benefits 3,342 4,427 5,727 Of which defined benefits 3,335 4,419 5,719 |
Schedule of actuarial assumptions used to calculate defined benefit obligations | Specifically, the most significant actuarial assumptions used in the calculations were as follows: Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Annual discount rate 3.80 % 0.90 % 0.60 % 3.80 % 0.90 % 0.60 % Mortality tables PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 Cumulative annual CPI growth 2.00 % 1.00 % 1.00 % 2.00 % 1.00 % 1.00 % Annual salary increase rate 1.25% A 1.25% A 1.25% A N/A N/A N/A Annual social security pension increase rate 2.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % 0 % 0 % 2022 2021 2020 Annual discount rate 4.88% 1.90% 1.28% Mortality tables The S3 Middle tables weighted at 84% of the CMI_2021 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%. The S3 Middle tables weighted at 84% of the CMI_2020 projection with an initial addition of 0.15%, smoothing parameter 7 and improving 1.25%. The S3 Middle tables weighted at 84% of the CMI_2018 projection with an initial addition of 0.15%, smoothing parameter 7 and improving 1.25%. Cumulative annual CPI growth 3.11% 3.37% 2.95% Annual salary increase rate 1.00% 1.00% 1.00% Annual pension increase rate 2.98% 3.21% 2.85% |
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 2022 2021 2020 2022 2021 2020 Expected rate of return on plan assets 3.80 % 0.90 % 0.60 % 3.80 % 0.90 % 0.60 % Expected rate of return on reimbursement rights 3.80 % 0.90 % 0.60 % N/A N/A N/A |
Schedule of funding status of the defined benefit obligations | The funding status of the defined benefit obligations in 2022 and the two preceding years is as follows: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Present value of the obligations To current employees 25 29 60 — — — Vested obligations to retired employees 2,005 2,797 3,318 — — — To pre-retirees employees — — — 892 1,186 1,688 Long-service bonuses and other benefits — — — 11 12 18 Other 46 65 41 — — 1 2,076 2,891 3,419 903 1,198 1,707 Less - Fair value of plan assets 861 1,217 1,542 8 10 12 Provisions - Provisions for pensions 1,215 1,674 1,877 895 1,188 1,695 Of which: Internal provisions for pensions 1,141 1,560 1,707 895 1,188 1,695 Net pension assets (24) (30) — — — — Insurance contracts linked to pensions (note 14) 104 149 174 — — — Unrecognised net assets for pensions (6) (5) (4) — — — The funding status of the defined benefit obligations in 2022 and the two preceding years is as follows: EUR million 2022 2021 2020 Present value of the obligations 8,982 15,392 15,472 Less- Fair value of plan assets 10,152 17,244 15,575 Provisions - Provisions for pensions (1,170) (1,852) (103) Of which: Internal provisions for pensions 29 44 449 Net assets for pensions (1,199) (1,896) (552) The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2022 and the two preceding years is as follows: EUR million 2022 Of which business in Brazil 2021 2020 Present value of the obligations 7,578 5,185 8,018 8,434 Less- Of which: with a charge to the participants 107 107 106 112 Fair value of plan assets 7,321 5,710 7,167 7,182 Provisions - Provisions for pensions 150 (632) 745 1,140 Of which: Internal provisions for pensions 1,166 314 1,478 1,694 Net assets for pensions (122) (52) (64) (83) Unrecognised net assets for pensions (894) (894) (669) (471) |
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: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Current service cost 3 5 10 1 1 1 Interest cost (net) 48 24 26 25 11 9 Expected return on insurance contracts linked to pensions (4) (1) (1) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — (67) (15) (3) Past service cost 2 13 2 — — — Pre-retirement cost — — — 92 139 772 Other A (8) (39) (372) — (55) (15) 41 2 (335) 51 81 764 A. Including reduction/settlement effect The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million 2022 2021 2020 Current service cost 30 33 30 Interest cost (net) (37) (6) (12) Provisions or reversal of provisions, net Cost of services provided — 6 — Others — — (1) (7) 33 17 The amounts recognised in the consolidated income statements in relation to these obligations are as follows: EUR million 2022 2021 2020 Current service cost 31 34 35 Interest cost (net) 64 62 72 Provisions or reversion of provisions (Actuarial gains)/losses recognised in the year 8 11 11 Past service cost 8 3 5 Pre-retirement cost — (24) — Other (3) (3) (5) 108 83 118 |
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: EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Present value of the obligations at beginning of year 2,891 3,419 5,494 1,198 1,707 1,335 Incorporation of Group companies, net — 6 — — — — Current service cost 3 5 10 1 1 1 Interest cost 78 36 39 25 11 9 Pre-retirement cost — — — 92 139 772 Effect of curtailment/settlement (8) (61) (372) — (55) (15) Benefits paid (258) (248) (359) (346) (589) (392) Benefits paid due to settlements — (166) (1,551) — — — Past service cost 2 13 2 — — — Actuarial (gains)/losses (631) (121) 163 (68) (15) (3) Demographic actuarial (gains)/losses 2 9 91 (5) (8) (8) Financial actuarial (gains)/losses (633) (130) 72 (63) (7) 5 Exchange differences and other items (1) 8 (7) 1 (1) — Present value of the obligations at end of year 2,076 2,891 3,419 903 1,198 1,707 The changes in the present value of the accrued defined benefit obligations were as follows: EUR million 2022 2021 2020 Present value of the obligations at beginning of year 15,392 15,472 14,297 Current service cost 30 33 30 Interest cost 283 219 284 Benefits paid (487) (465) (445) Contributions made by employees 9 18 17 Past service cost — 6 — Actuarial (gains)/losses (5,660) (933) 2,060 Demographic actuarial (gains)/losses (144) (17) 34 Financial actuarial (gains)/losses (5,516) (916) 2,026 Exchange differences and other items (585) 1,042 (771) Present value of the obligations at end of year 8,982 15,392 15,472 The changes in the present value of the accrued obligations were as follows: EUR million 2022 2021 2020 Present value of the obligations at beginning of year 8,018 8,434 10,717 Incorporation of Group companies, net — (5) (84) Current service cost 31 34 35 Interest cost 546 429 465 Pre-retirement cost — (24) — Effect of curtailment/settlement (3) (3) (5) Benefits paid (653) (538) (544) Benefits paid due to settlements (179) — — Contributions made by employees 5 3 3 Past service cost 8 3 5 Actuarial (gains)/losses (876) (486) 176 Demographic actuarial (gains)/losses 5 16 23 Financial actuarial (gains)/losses (881) (502) 153 Exchange differences and other items 681 171 (2,334) Present value of the obligations 7,578 8,018 8,434 |
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 EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Fair value of plan assets at beginning of year 1,217 1,542 1,547 10 12 14 Incorporation of Group companies, net — 6 — — — — Expected return on plan assets 30 12 13 — — — Gains/(losses) on settlements — (22) — — — — Benefits paid (78) (263) (94) (2) (2) (2) Contributions/(surrenders) 2 15 5 — — — Actuarial gains/(losses) (303) (76) 76 (1) — — Exchange differences and other items (7) 3 (5) 1 — — Fair value of plan assets at end of year 861 1,217 1,542 8 10 12 The changes in the fair value of the plan assets were as follows: EUR million 2022 2021 2020 Fair value of plan assets at beginning of year 17,244 15,575 14,755 Expected return on plan assets 320 225 296 Benefits paid (487) (463) (443) Contributions 262 285 274 Actuarial gains/(losses) (6,517) 541 1,492 Exchange differences and other items (670) 1,081 (799) Fair value of plan assets at end of year 10,152 17,244 15,575 The changes in the fair value of the plan assets were as follows: EUR million 2022 2021 2020 Fair value of plan assets at beginning of year 7,167 7,182 8,826 Incorporation of Group companies, net — (6) (86) Expected return on plan assets 570 411 410 Benefits paid (766) (478) (488) Contributions 198 152 63 Actuarial gains/(losses) (498) (155) 536 Exchange differences and other items 650 61 (2,079) Fair value of plan assets at end of year 7,321 7,167 7,182 |
Schedule of insurance contracts linked to pensions | Insurance Contracts linked to pensions EUR million Post-employment plans Other similar obligations 2022 2021 2020 2022 2021 2020 Fair value of insurance contracts linked to pensions at beginning of year 149 174 192 — — — Incorporation of Group companies, net — — — — — — Expected return on insurance contracts linked to pensions 4 1 1 — — — Benefits paid (16) (19) (21) — — — Paid premiums — 1 — — — — Actuarial gains/(losses) (33) (8) 2 — — — Fair value of insurance contracts linked to pensions at end of year 104 149 174 — — — |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2022 for the next ten years: EUR million 2023 498 2024 426 2025 358 2026 307 2027 251 2028 to 2032 807 The following table shows the estimated benefits payable at 31 December 2022 for the next ten years: EUR million 2023 471 2024 408 2025 432 2026 457 2027 481 2028 to 2032 2,632 The following table shows the estimated benefits payable at 31 December 2022 for the next ten years: EUR million 2023 602 2024 610 2025 620 2026 626 2027 632 2028 to 2032 3,228 |
Schedule of main categories of plan assets | The main categories of plan assets as a percentage of total plan assets are as follows: 2022 2021 2020 Equity instruments — 10 % 9 % Debt instruments 51 % 51 % 55 % Properties 13 % 10 % 10 % Other 36 % 29 % 26 % The main categories of plan assets as a percentage of total plan assets are as follows: 2022 2021 2020 Equity instruments 11 % 12% 11% Debt instruments 83 % 83% 84% Properties 1 % 1% 1% Other 5 % 4% 4% |
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: EUR million 2022 2021 2020 Recognised by Spanish companies 1,768 1,595 1,647 Recognised by other EU companies 328 779 539 Recognised by other companies 1,977 2,049 2,239 Of which: Brazil 1,243 1,339 1,475 4,073 4,423 4,425 The types of provision were determined by grouping together items of a similar nature: EUR million 2022 2021 2020 Provisions for taxes 679 564 600 Provisions for employment-related proceedings (Brazil) 301 328 437 Provisions for other legal proceedings 1,094 1,104 1,163 Provision for customer remediation 349 745 395 Regulatory framework-related provisions 19 36 69 Provision for restructuring 641 749 810 Other 990 897 951 4,073 4,423 4,425 |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous liabilities [abstract] | |
Schedule of other liabilities | The detail of Other liabilities in the consolidated balance sheets is as follows: EUR million 2022 2021 2020 Transactions in transit 457 545 498 Accrued expenses and deferred income 8,445 7,084 6,309 Other 5,707 5,069 5,529 14,609 12,698 12,336 |
Tax matters (Tables)
Tax matters (Tables) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2018 | |
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: EUR million 2022 2021 2020 Consolidated profit (loss) before tax: From continuing operations 15,250 14,547 (2,076) From discontinued operations — — — 15,250 14,547 (2,076) Income tax at tax rate applicable in Spain (30%) 4,575 4,364 (623) By the effect of application of the various tax rates applicable in each country A 61 210 362 Of which: Brazil 472 634 560 United Kingdom (161) (158) (43) United States (99) (179) (71) Chile (30) (34) (24) Poland (101) — — Effect of profit or loss of associates and joint ventures (210) (130) 29 Effect of reassessment of deferred taxes — 9 2,500 Permanent differences B 60 441 3,364 Current income tax 4,486 4,894 5,632 Effective tax rate 29.42% 33.64 % — Of which: Continuing operations 4,486 4,894 5,632 Discontinued operations — — — Of which: Current taxes 4,272 3,799 4,214 Deferred taxes 214 1,095 1,418 Income tax (receipts)/payments 5,498 4,012 2,946 A. 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. B. In 2020 it includes mainly the impairment of goodwill. | |
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 2022, 2021 and 2020: EUR million 2022 2021 2020 Other comprehensive income Items not reclassified to profit or loss 49 (510) (82) Actuarial gains or (-) losses on defined benefit pension plans 96 (530) (165) Changes in the fair value of equity instruments measured at fair value through other comprehensive income (19) (13) 92 Financial liabilities at fair value with changes in results attributable to changes in credit risk (26) 33 (9) Other recognised income and expense of investments in subsidiaries, joint ventures and associates (2) — — Items that may be reclassified to profit or loss 1,522 1,136 208 Cash flow hedges 912 278 5 Changes in the fair value of debt instruments through other comprehensive income 661 857 195 Other recognised income and expense of investments in subsidiaries, joint ventures and associates (51) 1 8 Total 1,571 626 126 | |
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 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Monetizable A Other Monetizable A Other Monetizable A Other Tax assets 10,660 10,127 10,473 8,967 10,721 8,525 Tax losses and tax credits — 1,778 — 1,249 — 1,093 Temporary differences 10,660 8,349 10,473 7,718 10,721 7,432 Of which: Non-deductible provisions — 2,182 — 2,256 — 2,139 Valuation of financial instruments — 1,535 — 600 — 483 Loan losses 7,696 1,232 6,888 988 7,134 1,007 Pensions 2,964 560 3,585 669 3,587 875 Valuation of tangible and intangible assets — 1,270 — 1,509 — 1,373 Tax liabilities — 6,428 — 6,462 — 5,933 Temporary differences — 6,428 — 6,462 — 5,933 Of which: Valuation of financial instruments — 1,792 — 1,419 — 1,791 Valuation of tangible and intangible assets — 3,169 — 3,081 — 2,311 Investments in Group companies — 359 — 337 — 440 A. Banco Popular Español, S.A.U. considered that part of its monetizable assets were converted into credit against the Tax Administration in 2017 Income Tax return, as the circumstances which determined such conversion were met at the end of that year (EUR 995 million). The Spanish tax authorities have expressly confirmed the nature of these assets as monetizables, but they considered that conditions for conversion were not met at the end of 2017, without prejudice to the conversion in future years. The Tax Administration position is being discussed at the Courts. Besides, due to losses incurred in 2020, the Consolidated Tax Group in Spain converted EUR 642 million of monetizable tax assets into credit against the Tax Administration in its corporate income tax return. | |
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: EUR million Balances at 31 December 2021 (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 2022 Deferred tax assets 19,440 273 376 697 1 20,787 Tax losses and tax credits 1,250 211 317 — — 1,778 Temporary differences 18,190 62 59 697 1 19,009 Of which monetizable 10,473 507 (320) — — 10,660 Deferred tax liabilities (6,462) (487) (149) 684 (14) (6,428) Temporary differences (6,462) (487) (149) 684 (14) (6,428) 12,978 (214) 227 1,381 (13) 14,359 EUR million Balance at 31 December 2020 (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) Balance at 31 December 2021 Deferred tax assets 19,246 (209) 193 209 1 19,440 Tax losses and tax credits 1,093 129 28 — — 1,250 Temporary differences 18,153 (338) 165 209 1 18,190 Of which monetizable 10,721 (273) 25 — — 10,473 Deferred tax liabilities (5,933) (886) (170) 528 (1) (6,462) Temporary differences (5,933) (886) (170) 528 (1) (6,462) 13,313 (1,095) 23 737 0 12,978 EUR million Balances at 31 December 2019 (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) Balance at 31 December 2020 Deferred tax assets 22,758 (1,016) (2,465) 38 (69) 19,246 Tax losses and tax credits 3,427 (2,065) (266) — (3) 1,093 Temporary differences 19,331 1,049 (2,199) 38 (66) 18,153 Of which monetizable 11,233 613 (1,125) — — 10,721 Deferred tax liabilities (6,522) (402) 851 156 (16) (5,933) Temporary differences (6,522) (402) 851 156 (16) (5,933) 16,236 (1,418) (1,614) 194 (85) 13,313 |
Non-controlling interests (Tabl
Non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Non-Controlling Interests [Abstract] | |
Schedule of detail, by Group company, of non-controlling interests | The detail, by Group company, of 'Equity - Non-controlling interests' is as follows: EUR million 2022 2021 2020 Santander Bank Polska S.A. 1,603 1,559 1,676 Grupo PSA 1,728 1,543 1,622 Santander Consumer USA Holdings Inc. — 1,255 986 Banco Santander - Chile 1,317 1,042 1,218 Banco Santander (Brasil) S.A. 1,210 1,023 1,014 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 251 202 461 Other companies A 1,213 1,970 1,806 7,322 8,594 8,783 Profit/(Loss) for the year attributable to non-controlling interests 1,159 1,529 1,063 Of which: Santander Consumer USA Holdings Inc. — 494 201 Grupo PSA 323 311 255 Banco Santander - Chile 280 292 198 Banco Santander (Brasil) S.A. 259 251 233 Santander Bank Polska S.A. 196 75 81 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 42 62 61 Other companies 59 44 34 TOTAL 8,481 10,123 9,846 A. Includes perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of Santander UK plc. During 2022, three issues were redeemed early for a nominal amount of GBP 1,700 million (EUR 1,977 million) of which the Group had repurchased GBP 1,050 million (EUR 1,221 million). At year-end, the outstanding balance on these equity instruments amounted to GBP 500 million (EUR 564 million) (EUR 1,363 million and EUR 1,275 million in 2021 and 2020, respectively). |
Schedule of changes in non-controlling interests | The changes in Non-controlling interests are summarised as follows: EUR million 2022 2021 2020 Balance at the end of the previous year 10,123 9,846 10,588 Balance at beginning of year 10,123 9,846 10,588 Other comprehensive income 248 (304) (818) Other (1,890) 581 76 Profit attributable to non-controlling interests 1,159 1,529 1,063 Modification of participation rates A (1,811) (390) (632) Change of perimeter 31 (5) (54) Dividends paid to minority shareholders (500) (648) (465) Changes in capital and other concepts B (769) 95 164 Balance at end of year 8,481 10,123 9,846 A. Include the effects of the purchase of shares of Santander Holdings USA, Inc. on Santander Consumer USA Holdings Inc. that occurred in 2022 and of the public offer for the acquisition of shares of Banco Santander México, SA, Institución de Multiple Banking, Grupo Financiero Santander México that occurred in 2021 (see note 3.b). B. Includes the effect of the amortization of AT1 UK by EUR 756 million. |
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 2022 is summarised below: EUR million A Santander Bank Polska S.A. Banco Santander (Brasil) S.A. Banco Santander - Chile Grupo Financiero Santander México, S.A.B. de C.V. Santander Consumer USA Total assets 52,665 184,165 78,425 92,636 40,681 Total liabilities 47,506 168,627 72,845 84,416 30,130 Net assets 5,159 15,538 5,580 8,220 10,551 Total income 2,474 12,910 2,449 4,623 4,300 Total profit 542 2,822 956 1,257 1,407 A. Information prepared in accordance with the segment reporting criteria described in note 51 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, 2022 | |
Disclosure Of Other Comprehensive Income [Abstract] | |
Schedule of components of other comprehensive income | EUR million 2022 2021 2020 Other comprehensive income (35,628) (32,719) (33,144) Items that will not be reclassified to profit or loss (4,635) (4,241) (5,328) Actuarial gains and losses on defined benefit pension plans (3,945) (3,986) (5,002) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates 10 (8) (2) Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (672) (157) (308) 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) 293 275 159 Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (293) (275) (159) Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (28) (90) (16) Items that may be reclassified to profit or loss (30,993) (28,478) (27,816) Hedges of net investments in foreign operations (Effective portion) (6,750) (4,283) (3,124) Exchange differences (20,420) (23,887) (26,911) Hedging derivatives. Cash flow hedges (Effective portion) (2,437) (276) 295 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (1,002) 436 2,411 Hedging instruments (items not designated) — — — Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (384) (468) (487) |
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 2022, 2021 and 2020 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: EUR million 2022 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 30 (926) (896) 500 International Rest of Europe 84 (60) 24 225 United States 15 — 15 29 Latin America and rest 244 (59) 185 1,187 373 (1,045) (672) 1,941 Of which: Publicly listed 246 (113) 133 1,200 Non publicly listed 127 (932) (805) 741 EUR million 2021 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 25 (663) (638) 759 International Rest of Europe 39 (58) (19) 170 United States 13 (4) 9 31 Latin America and rest 496 (5) 491 1,493 573 (730) (157) 2,453 Of which: Publicly listed 500 (44) 456 1,521 Non publicly listed 73 (686) (613) 932 EUR million 2020 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 28 (849) (821) 1,032 International Rest of Europe 65 (76) (11) 314 United States 7 (4) 3 25 Latin America and rest 525 (4) 521 1,412 625 (933) (308) 2,783 Of which: Publicly listed 525 (31) 494 1,424 Non publicly listed 100 (902) (802) 1359 |
Schedule of exchange differences included in other comprehensive income that may be reclassified to profit or loss | The detail, by country is as follows: EUR million 2022 2021 2020 Net balance at end of year (27,170) (28,170) (30,035) Of which: Brazilian real (16,735) (17,440) (17,417) Pound sterling (4,219) (3,415) (4,205) Mexican peso (3,010) (3,088) (3,091) Argentine peso (1,755) (2,109) (2,288) Chilean peso (2,081) (2,039) (1,776) US dollar 2,384 1,536 387 Polish zloty (999) (809) (788) Other (755) (806) (857) The breakdown of translation differences by currency is as follows : EUR million 2022 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (15,913) (14,199) 1,714 376 (98) 1,436 Pound sterling (3,504) (4,446) (942) (51) (67) (824) Mexican peso (2,012) (1,132) 880 56 18 806 Argentine peso (2,109) (1,754) 355 — — 355 Chilean peso (1,852) (1,605) 247 31 5 211 US dollar 2,775 4,062 1,287 102 (24) 1,209 Polish zloty (678) (776) (98) (21) — (77) Other (594) (570) 24 3 (7) 28 Total Group (23,887) (20,420) 3,467 496 (173) 3,144 A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2021 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (16,032) (15,913) 119 30 19 70 Pound sterling (4,602) (3,504) 1,098 41 38 1,019 Mexican peso (2,393) (2,012) 381 26 29 326 Argentine peso (2,287) (2,109) 178 — — 178 Chilean peso (1,450) (1,852) (402) (55) (43) (304) US dollar 1,253 2,775 1,522 125 102 1,295 Polish zloty (638) (678) (40) (9) (1) (30) Other (762) (594) 168 9 11 148 Total Group (26,911) (23,887) 3,024 167 155 2,702 A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2020 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results A From net assets Brazilian real (10,704) (16,032) (5,328) (1,280) (190) (3,858) Pound sterling (3,329) (4,602) (1,273) (455) (4) (814) Mexican peso (1,547) (2,393) (846) (59) (2) (785) Argentine peso (2,094) (2,287) (193) — — (193) Chilean peso (1,181) (1,450) (269) (18) 15 (266) US dollar 2,833 1,253 (1,580) (143) (58) (1,379) Polish zloty (249) (638) (389) (133) (5) (251) Other (430) (762) (332) (16) (10) (306) Total Group (16,701) (26,911) (10,210) (2,104) (254) (7,852) A. Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. |
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' at 31 December 2022, 2021 and 2020 is as follows: EUR million 31 December 2022 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 26 (1) 25 9,312 Rest of Europe 268 (199) 69 17,593 Latin America and rest of the world 196 (937) (741) 40,873 Issued by Private-sector Spain — (24) (24) 5,727 Rest of Europe A 11 (68) (57) 5,203 Latin America and rest of the world 16 (290) (274) 4,590 517 (1,519) (1,002) 83,298 EUR million 31 December 2021 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 271 — 271 12,917 Rest of Europe 544 (118) 426 20,397 Latin America and rest of the world 334 (438) (104) 49,847 Issued by Private-sector Spain 2 (20) (18) 4,759 Rest of Europe 47 (171) (124) 11,708 Latin America and rest of the world 31 (46) (15) 5,957 1,229 (793) 436 105,585 EUR million 31 December 2020 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Issued by Public-sector Spain 693 — 693 19,314 Rest of Europe 915 (69) 846 23,116 Latin America and rest of the world 785 (73) 712 51,026 Issued by Private-sector Spain 2 (7) (5) 6,454 Rest of Europe 100 (11) 89 12,191 Latin America and rest of the world 79 (3) 76 6,069 2,574 (163) 2,411 118,170 A. The revaluation losses decrease includes the effect of the transfer made by Santander Bank Polska, S.A. during 2022, from debt securities under the heading 'Financial assets at fair value through other comprehensive income' to 'Financial assets at amortised cost' which has amounted for EUR 219 million in the Group's consolidated annual accounts. Santander Bank Polska, S.A. has decided to carry out a change of strategy in its business model which has entailed the cessation of a significant element of its commercial activity corresponding to customer deposits. This decision has been publicly communicated. As a result, the assets, which corresponded to a business model whose objective was to collect the principal and interest flows and the sale of such assets, which were directly related in origin to such liabilities, have to be reclassified to a new business model whose objective is achieved through the collection of the principal and interest flows. As established in IFRS 9, the transfer has been made prospectively; the financial asset has been reclassified to its fair value at the reclassification date and the cumulative gain or loss previously recognized in other comprehensive income has been eliminated from equity. Consequently, the financial asset is measured at the reclassification date as if it had always been measured at amortized cost and the cumulative gain or loss previously recognized in 'Other comprehensive income' (see consolidated statement of recognized income and expense) is adjusted against the fair value of the financial asset at the reclassification date. |
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: EUR million 2022 2021 2020 Balance at beginning of year (476) (489) (335) Revaluation gains/(losses) 117 7 (170) Net amounts transferred to profit or loss (15) 6 16 Balance at end of year (374) (476) (489) Of which: Zurich Santander Insurance América, S.L. (315) (332) (298) |
Accumulated retained earnings (
Accumulated retained earnings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Retained earnings [abstract] | |
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: EUR million 2022 2021 2020 Restricted reserves 2,798 2,543 2,460 Legal reserve A 1,734 1,734 1,734 Own shares 737 755 672 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 284 11 11 Unrestricted reserves 7,701 4,243 10,422 Voluntary reserves B 7,917 6,123 6,128 Consolidation reserves attributable to the Bank (216) (1,880) 4,294 Reserves of subsidiaries 49,196 47,438 47,601 Reserves of entities accounted for using the equity method 1,553 1,572 1,504 61,248 55,796 61,987 A. The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to 20% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account. B. 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: EUR million 2022 2021 2020 Banco Santander (Brasil) S.A. (Consolidated Group) 14,663 14,325 14,067 Santander UK Group 8,358 8,558 8,447 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 5,437 4,753 4,230 Grupo Santander Holdings USA 4,324 4,913 4,793 Banco Santander - Chile 3,875 3,194 3,404 Santander Consumer Finance Group 3,858 3,502 4,186 Banco Santander Totta, S.A. (Consolidated Group) 3,297 2,940 2,960 Banco Santander Argentina S.A. 2,527 2,318 2,161 Santander Bank Polska S.A. 2,140 1,990 1,748 Santander Investment, S.A. 1,316 1,307 1,335 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 1,050 869 695 Banco Santander International SA (former Banco Santander (Suisse) S.A) 310 277 247 Other companies and consolidation adjustments (1,959) (1,508) (672) 49,196 47,438 47,601 Of which, restricted 3,614 3,392 3,155 |
Memorandum items (Tables)
Memorandum items (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Off-Balance Sheet Exposures [Abstract] | |
Schedule of contingent commitments | The detail is as follows: 2022 2021 2020 Loans commitment granted 274,075 262,737 241,230 Of which impaired 653 615 274 Financial guarantees granted 12,856 10,758 12,377 Of which impaired 521 188 124 Financial guarantees 12,813 10,715 12,358 Credit derivatives sold 43 43 19 Other commitments granted 92,672 75,733 64,538 Of which impaired 608 781 548 Technical guarantees 50,508 40,158 33,526 Other 42,164 35,575 31,012 |
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: EUR million 2022 2021 2020 Investment funds 142,189 145,987 131,965 Pension funds 14,021 16,078 15,577 Assets under management 25,670 24,862 20,712 181,880 186,927 168,254 |
Hedging derivatives (Tables)
Hedging derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about hedges [abstract] | |
Disclosure of detailed information about hedges | The percentage of the nominal amount of derivatives affected with a maturity date after the transition date of the reform represents 6.83% of the total hedging derivatives: EUR million USD LIBOR Total hedging instruments affected Fair value hedges 17,001 Interest rate risk 13,907 Interest rate and foreign exchange risk 3,094 Cash flow hedges 12,740 Interest rate risk 9,454 Interest rate and foreign exchange risk 3,278 Exchange rate risk 8 29,741 Post-transition date agreement Fair value hedges 14,879 Interest rate risk 11,785 Interest rate and foreign exchange risk 3,094 Cash flow hedges 11,573 Interest rate risk 8,295 Interest rate and foreign exchange risk 3,278 26,452 As for the hedged items directly affected by the uncertainties related to the IBOR reforms, their nominal amount is shown below, which represents 2.17% of the total notional amount hedged: EUR million USD LIBOR Total hedge items directly affected Fair value hedges 201 Interest rate risk 201 Cash flow hedges 9,357 Interest rate risk 9,349 Exchange rate risk 8 9,558 Post-transition date agreement Fair value hedges 201 Interest rate risk 201 Cash flow hedges 8,202 Interest rate risk 8,202 8,403 |
Schedule of details of hedging instruments | The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2022, 2021 and 2020: EUR million 2022 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 214,473 5,095 4,630 3,351 Interest rate risk 190,513 4,405 4,239 2,554 Hedging derivatives Of which: Interest rate swap 87,477 2,950 3,203 (716) Call money swap 88,059 1,367 623 3,468 Exchange rate risk 4,492 147 25 (9) Hedging derivatives Fx forward 3,745 147 25 (36) Future interest rate 747 — — 27 Interest rate and exchange rate risk 19,412 543 366 805 Hedging derivatives Of which: Interest rate swap 905 4 80 (79) Future interest rate 8,679 261 — 922 Currency swap 9,522 266 286 (61) Credit risk 56 — — 1 Hedging derivatives CDS 56 — — 1 Cash flow hedges 149,756 2,730 3,767 (520) Interest rate risk 81,626 137 1,325 (2,461) Of which: Future interest rate 2,027 — — 51 Interest rate swap 55,886 59 1,494 (1,439) Call money swap 20,784 49 (184) (1,151) Exchange rate risk 34,973 1,358 746 1,760 Hedging derivatives Of which: FX forward 10,754 267 172 773 Currency swap 20,005 951 455 982 Interest rate and exchange rate risk 16,175 1,046 292 (80) Hedging derivatives Of which: Interest rate swap 3,361 — 161 (333) Currency swap 12,814 1,046 131 249 Inflation risk 16,924 180 1,403 261 Hedging derivatives Of which: Currency swap 14,096 179 1,364 241 Equity risk 58 9 1 — Hedging derivatives Option 58 9 1 — Hedges of net investments in foreign operations 22,614 244 831 (2,467) Exchange rate risk 22,614 244 831 (2,467) Hedging derivatives FX forward 22,614 244 831 (2,467) 386,843 8,069 9,228 364 EUR million 2021 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 206,957 2,528 2,656 1,079 Interest rate risk 176,176 2,227 1,778 591 Hedging derivatives Of which: Interest rate swap 66,904 1,668 920 (377) Call money swap 97,321 1 734 714 Exchange rate risk 21,238 7 423 287 Hedging derivatives Of which: FX forward 13,909 7 423 22 Future interest rate 7,329 — — 265 Interest rate and exchange rate risk 9,326 294 452 200 Hedging derivatives Of which: Currency swap 7,397 281 443 192 Interest rate swap 1,650 12 9 (7) Credit risk 173 — 2 1 Hedging derivatives Inflation risk 44 — 1 — Hedging derivatives Cash flow hedges 160,397 2,034 2,157 (1,703) Interest rate risk 99,648 156 420 (526) Hedging derivatives Of which: Future interest rate 7,652 — — (155) Interest rate swap 69,471 70 155 (212) Call money swap 16,846 20 182 (409) Exchange rate risk 27,343 396 657 (112) Hedging derivatives Of which: FX forward 8,381 280 42 26 Currency swap 15,004 100 606 (133) Interest rate and exchange rate risk 21,609 1,425 400 (815) Hedging derivatives Of which: Interest rate swap 3,604 95 2 (112) Currency swap 17,005 1,330 393 (702) Inflation risk 11,741 52 679 (247) Hedging derivatives Of which: Currency swap 10,503 51 678 (232) Equity risk 56 5 1 (3) Hedging derivatives Hedges of net investments in foreign operations 25,594 199 650 (1,159) Exchange rate risk 25,594 199 650 (1,159) Hedging derivatives FX forward 25,594 199 650 (1,159) 392,948 4,761 5,463 (1,783) EUR million 2020 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 199,260 4,199 4,671 (451) Interest rate risk 181,582 3,528 3,850 (456) Hedging derivatives Of which: Interest rate swap 94,713 2,985 2,747 (27) Call money swap 69,740 184 886 (486) Exchange rate risk 9,037 293 47 11 Hedging derivatives Of which: Fx forward 8,422 210 47 11 Interest rate and exchange rate risk 8,434 378 771 (11) Hedging derivatives Of which: Currency swap 7,704 370 757 (4) Credit risk 207 0 3 5 Hedging derivatives Cash flow hedges 139,156 3,436 1,739 235 Interest rate risk 74,731 478 522 78 Hedging derivatives Of which: Futures 7,492 — 322 (208) Interest rate swap 46,547 237 108 135 Call money swap 12,123 204 7 145 Exchange rate risk 23,483 555 802 (401) Hedging derivatives Of which: FX forward 9,151 265 195 (155) Currency swap 13,425 283 600 (103) Interest rate and exchange rate risk 27,021 2,362 275 679 Hedging derivatives Of which: Interest rate swap 5,218 262 — 129 Currency swap 19,682 2,100 264 550 Inflation risk 13,907 36 140 (129) Hedging derivatives Of which: Currency swap 10,206 26 136 (132) Equity risk 14 5 — 8 Hedging derivatives Hedges of net investments in foreign operations 22,210 690 459 2,340 Exchange rate risk 22,210 690 459 2,340 Hedging derivatives FX forward 22,210 690 459 2,340 360,626 8,325 6,869 2,124 |
Schedule of maturity profile of hedging instruments and average interest and exchange rate by maturity | The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies: EUR million 31 December 2022 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 6,588 9,811 37,723 136,223 24,128 214,473 Interest rate risk 5,120 8,822 34,074 120,829 21,668 190,513 Of which: Interest rate swap 2,535 3,005 8,854 56,868 16,215 87,477 Call money swap 2,492 5,039 23,511 54,786 2,231 88,059 Exchange rate risk 556 741 2,448 — 747 4,492 Fx forward 556 741 2,448 — — 3,745 Future interest rate — — — — 747 747 Interest rate and exchange rate risk 912 238 1,193 15,356 1,713 19,412 Of which: Interest rate swap — — 405 192 308 905 Interest Future rate — — — 8,679 — 8,679 Currency swap 912 238 788 6,188 1,396 9,522 Credit risk — 10 8 38 — 56 CDS — 10 8 38 — 56 Cash flow hedges 10,182 15,202 41,514 75,653 7,205 149,756 Interest rate risk 5,546 7,424 30,568 36,501 1,587 81,626 Of which: Future interest rate 2,027 — — — — 2,027 Interest rate swap 2,292 4,877 28,103 20,568 46 55,886 Call money swap 1,175 2,471 1,196 14,728 1,214 20,784 Exchange rate risk 3,777 4,295 4,452 19,940 2,509 34,973 Of which: FX forward 1,996 2,487 1,982 4,289 — 10,754 Currency swap 1,313 1,809 2,470 13,028 1,385 20,005 Interest rate and exchange rate risk 182 509 3,982 10,294 1,208 16,175 Of which: Interest rate swap — — 659 2,468 234 3,361 Currency swap 182 509 3,323 7,826 974 12,814 Inflation risk 677 2,974 2,505 8,870 1,898 16,924 Of which: Currency swap 483 951 1,895 8,869 1,898 14,096 Equity risk — — 7 48 3 58 Option — — 7 48 3 58 Hedges of net investments in foreign operations: 2,249 5,393 14,972 — — 22,614 Exchange rate risk 2,249 5,393 14,972 — — 22,614 FX forward 2,249 5,393 14,972 — — 22,614 19,019 30,406 94,209 211,876 31,333 386,843 EUR million 31 December 2021 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 5,546 11,786 45,119 114,828 29,678 206,957 Interest rate risk 4,324 9,978 33,873 103,216 24,785 176,176 Of which: Interest rate swap 267 2,138 4,189 42,398 17,912 66,904 Call money swap 3,716 7,527 25,588 56,120 4,370 97,321 Exchange rate risk 598 1,712 11,013 5,550 2,365 21,238 Of which: Fx forward 598 1,712 11,013 586 — 13,909 Future interest rate — — — 4,964 2,365 7,329 Interest rate and exchange rate risk 624 77 199 5,898 2,528 9,326 Of which: Currency swap 624 72 198 4,437 2,066 7,397 Interest rate swap — — — 1,232 418 1,650 Inflation risk — — — 44 — 44 Credit risk — 19 34 120 — 173 Cash flow hedges 17,674 3,208 20,459 102,833 16,223 160,397 Interest rate risk 13,047 1,061 9,875 68,867 6,798 99,648 Of which: Future interest rate 7,097 — 244 311 — 7,652 Interest rate swap 2,336 310 7,759 58,930 136 69,471 Call money swap 1,202 751 858 7,920 6,115 16,846 Exchange rate risk 3,438 1,348 3,195 15,506 3,856 27,343 Of which: FX forward 2,406 1,309 1,947 2,719 — 8,381 Currency swap 1,032 39 1,248 9,885 2,800 15,004 Interest rate and exchange rate risk 860 336 5,924 11,165 3,324 21,609 Of which: Interest rate swap — — — 2,505 1,099 3,604 Currency swap 860 336 5,924 7,660 2,225 17,005 Inflation risk 329 463 1,463 7,246 2,240 11,741 Of which: Currency swap 82 339 597 7,245 2,240 10,503 Equity risk — — 2 49 5 56 Hedges of net investments in foreign operations: 4,097 5,346 13,235 2,916 — 25,594 Exchange rate risk 4,097 5,346 13,235 2,916 — 25,594 FX forward 4,097 5,346 13,235 2,916 — 25,594 27,317 20,340 78,813 220,577 45,901 392,948 EUR million 31 December 2020 Up to one month One to three months Three months One year More than five Total Fair value hedges 7,132 14,221 44,897 95,343 37,667 199,260 Interest rate risk 5,616 9,667 39,921 90,913 35,465 181,582 Of which: Interest rate swap 3,943 4,804 24,807 33,333 27,826 94,713 Call money swap 1,021 4,662 11,241 49,624 3,192 69,740 Exchange rate risk 1,516 4,264 3,257 — — 9,037 Of which: Fx forward 901 4,264 3,257 — — 8,422 Interest rate and exchange rate risk — 282 1,711 4,239 2,202 8,434 Of which: Currency swap — 282 1,711 3,607 2,104 7,704 Credit risk — 8 8 191 — 207 Cash flow hedges 10,489 11,629 44,127 61,186 11,725 139,156 Interest rate risk 6,019 6,707 33,070 26,959 1,976 74,731 Of which: Futures 5,213 — — 2,279 — 7,492 Interest rate swap 806 4,626 29,511 11,219 385 46,547 Call money swap — 1,502 1,550 7,890 1,181 12,123 Exchange rate risk 1,746 2,336 4,616 13,071 1,714 23,483 Of which: Future interest rate FX forward 1,532 2,243 3,040 2,336 — 9,151 Currency swap 214 93 1,576 9,828 1,714 13,425 Interest rate and exchange rate risk 1,691 972 5,634 15,687 3,037 27,021 Of which: Interest rate swap 816 — 981 2,402 1,019 5,218 Currency swap 875 972 4,653 11,164 2,018 19,682 Inflation risk 1,033 1,614 807 5,456 4,997 13,907 Of which: FX forward Currency swap 33 181 229 4,766 4,997 10,206 Equity risk — — — 13 1 14 Hedges of net investments in foreign operations 2,435 5,086 12,831 1,858 — 22,210 Exchange rate risk 2,435 5,086 12,831 1,858 — 22,210 FX forward 2,435 5,086 12,831 1,858 — 22,210 20,056 30,936 101,855 158,387 49,392 360,626 Banco Santander, S.A. 31 December 2022 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 1,032 1,248 2,348 24,115 8,809 37,552 Average fixed interest rate (%) GBP — 2.04 2.04 1.86 2.04 Average fixed interest rate (%) EUR 0.569 (0.406) 0.278 2.396 1.674 Average fixed interest rate (%) CHF — — — 0.530 — Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) CZK — — — 1.650 — Average fixed interest rate (%) NOK — — — — 2.327 Average fixed interest rate (%) AUD — 1.073 — — — Average fixed interest rate (%) USD 2.892 3.123 3.835 3.181 3.374 Average fixed interest rate (%) RON — — — 3.610 — Foreign exchange risk Exchange and interest rate instruments Nominal 250 899 2,064 — — 3,213 Average GBP/EUR exchange rate — — 0.877 — — Average USD/EUR exchange rate 1.040 — 0.992 — — Average CNY/EUR exchange rate 7.172 7.252 7.159 — — Average AUD/EUR exchange rate — 1.587 — — — Average MXN/EUR exchange rate — 21.529 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 912 38 1,101 3,767 988 6,806 Average fixed interest rate (%) AUD/EUR 4.000 — — 4.800 3.824 Average fixed interest rate (%) CZK/EUR — — 0.860 — — Average fixed interest rate (%) RON/EUR — 4.520 — 5.130 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR 0.568 — — 1.442 1.360 Average fixed interest rate (%) NOK/EUR — — — 3.010 3.762 Average fixed interest rate (%) CHF/EUR — — — 1.243 — Average fixed interest rate (%) EUR/GBP — 5.170 — — — Average fixed interest rate (%) NZD/EUR — — — — — Average fixed interest rate (%) USD/MXN — — 12.982 — — Average fixed interest rate (%) USD/COP — — 15.452 13.614 7.150 Average fixed interest rate (%) EUR/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate 1.499 — — 1.499 1.545 Average CZK/EUR exchange rate — — 25.407 25.677 — Average EUR/GBP exchange rate — 1.162 — — — Average EUR/USD exchange rate — — — 0.945 — Average HKD/EUR exchange rate — — — 8.851 — Average JPY/EUR exchange rate 133.840 — — 130.227 118.180 Average NOK/EUR exchange rate — — — 9.492 9.685 Average RON/EUR exchange rate — 4.746 — 4.842 4.927 Average CHF/EUR exchange rate — 1.092 1.105 — Average USD/CLP exchange rate — — — 0.001 — 31 December 2022 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Average NZD/EUR exchange rate — — — — 1.666 Average USD/MXN exchange rate — — 0.051 — — Credit risk Credit risk instruments Nominal — 9 8 38 — 55 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — 3 597 1,451 184 2,235 Average fixed interest rate (%) EUR/PEN — — 6.496 — — Average fixed rate (%) USD/COP — 15.398 — — Average fixed interest rate (%) EUR/AUD — 3.207 — — — Average fixed interest rate (%) AUD/EUR — — — 0.305 — Average EUR/GBP exchange rate — — 1.084 1.173 — Average AUD/EUR exchange rate — — — 1.604 1.562 Average RON/EUR exchange rate — — — 4.885 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — 1.102 — Average NOK/EUR exchange rate — — — — 10.242 Average CZK/EUR exchange rate — — — 26.131 — Average EUR/PEN exchange rate — — 0.252 — — Average EUR/AUD exchange rate — 0.654 — — — Interest rate risk Bond Forward instruments Nominal 2,250 4,500 11,453 10,000 — 28,203 Average fixed interest rate (%) EUR (0.431) (0.404) (0.348) (0.010) — Inflation risk Bond Forward instruments Nominal — — 700 — — 700 Average fixed interest rate (%) EUR — — 0.322 — — Exchange rate risk Exchange instruments Nominal 11 22 99 — — 132 Average exchange rate GBP/EUR 1.156 1.153 1.142 — — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 2,020 4,711 13,839 — — 20,570 Average BRL/EUR exchange rate 6.554 5.797 5.866 — — Average CLP/EUR exchange rate 953.549 955.790 944.113 — — Average COP/EUR exchange rate — 4,935.121 — — — Average GBP/EUR exchange rate 0.869 0.873 0.876 — — Average MXN/EUR exchange rate 25.130 23.968 22.156 — — Average USD/EUR exchange rate — — 1.158 — — Average PLN/EUR exchange rate 4.832 4.837 4.991 — — 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 14 1,822 3,038 21,507 10,031 36,412 Average fixed interest rate (%) GBP — — — 2.139 1.750 Average fixed interest rate (%) EUR 3.859 0.989 (0.031) 1.212 1.532 Average fixed interest rate (%) CHF — — — 0.828 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 4.746 1.449 3.459 2.737 3.374 Average fixed interest rate (%) RON — — — 4.211 3.200 Foreign exchange risk Exchange and interest rate instruments Nominal 503 1,634 10,350 586 — 13,073 Average GBP/EUR exchange rate — 0.882 0.865 0.876 — Average USD/EUR exchange rate 1.187 1.172 1.180 — — Average CNY/EUR exchange rate 7.859 7.717 7.412 — — Average PEN/USD exchange rate — 4.003 — — — Average JPY/EUR exchange rate 132.688 130.741 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 116 1,109 53 3,255 1,279 5,812 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.661 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — — 0.730 1.144 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — 0.760 1.243 Average fixed interest rate (%) USD/COP — 5.140 9.470 6.789 7.153 Average fixed interest rate (%) COP/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate — — — 1.499 1.529 Average COP/USD exchange rate — — — — — Average CZK/EUR exchange rate — — — 25.506 — Average EUR/GBP exchange rate — 1.176 — — — Average EUR/COP exchange rate — — — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — — 132.966 126.605 Average MXN/EUR exchange rate — — 14.696 — — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.815 4.927 Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/COP exchange rate — — — — — Average USD/CLP exchange rate — — — 0.001 — Average NZD/EUR exchange rate — — — — 1.666 Average USD/MXN exchange rate — — — 0.050 — Credit risk 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Credit risk instruments Nominal — 19 34 120 0 173 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — 9 1,169 1,848 408 3,434 Average fixed interest rate (%) EUR/PEN — — 3.441 — — Average fixed interest rate (%) EUR/AUD — 1.632 — — — Average fixed interest rate (%) AUD/EUR — — — 0.305 — Average EUR/GBP exchange rate — — 1.102 1.113 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.604 1.562 Average RON/EUR exchange rate — — — 4.885 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — — 1.102 Average NOK/EUR exchange rate — — — — 10.242 Average CZK/EUR exchange rate — — — 26.131 — Average EUR/PEN exchange rate — — 0.208 — — Average EUR/AUD exchange rate — 0.624 — — — Interest rate risk Bond Forward instruments Nominal 4,279 — 5,191 38,314 — 47,784 Average fixed interest rate (%) EUR — — (0.465) (0.258) — Average fixed interest rate (%) USD — — 1.765 — — Average fixed interest rate (%) AUD — — — 1.650 — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 3,778 4,848 11,815 2,916 — 23,357 Average BRL/EUR exchange rate 6.663 6.7576 6.8411 — — Average CLP/EUR exchange rate 943.354 929.690 949.615 — — Average COP/EUR exchange rate — — 4,538.997 — — Average GBP/EUR exchange rate 0.854 0.857 0.855 0.875 — Average MXN/EUR exchange rate 25.541 25.335 25.192 — — Average PLN/EUR exchange rate 4.592 4.582 4.634 — — Average USD/EUR exchange rate — — 1.167 1.233 — 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,073 409 2,165 17,430 14,294 36,371 Average fixed interest rate (%) GBP — — — 1.375 4.072 Average fixed interest rate (%) EUR 0.647 0.551 0.388 0.820 1.927 Average fixed interest rate (%) CHF — — — 0.800 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 0.698 0.570 2.031 3.004 3.562 Average fixed interest rate (%) RON — — — 3.610 — Foreign exchange risk Exchange and interest rate instruments Nominal 833 4,149 3,008 — — 7,990 Average GBP/EUR exchange rate — 0.901 0.916 — — Average USD/EUR exchange rate 1.165 1.171 1.178 — — Average COP/USD exchange rate 3,628.140 3,603.595 — — — Average CNY/EUR exchange rate 8.108 8.102 7.997 — — Average SAR/EUR exchange rate 4.484 4.514 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — 282 818 2,621 1,083 4,804 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.66 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) EUR/COP — — 4.380 — — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — 2.195 0.568 1.281 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — — 1.243 Average fixed interest rate (%) USD/COP — — 8.030 6.659 7.231 Average fixed interest rate (%) COP/USD — — 6.000 — — Average fixed interest rate (%) USD/CLP — — 0.930 — — Average AUD/EUR exchange rate — — — 1.499 1.508 Average COP/USD exchange rate — — 3,437.200 — — Average CZK/EUR exchange rate — — — 25.539 — Average EUR/GBP exchange rate — 1.113 — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — 113.370 133.840 125.883 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.727 — Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/CLP exchange rate — — 0.001 — — Average USD/MXN exchange rate — — 0.050 — — Credit risk Credit risk instruments Nominal — 8 8 191 — 207 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 1,247 3,242 208 4,697 Average EUR/GBP exchange rate — — 1.080 1.102 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.625 — Average RON/EUR exchange rate — — — 4.810 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — — 1.102 Interest rate risk Bond Forward instruments Nominal 3,164 5,000 23,000 4,279 — 35,443 Average fixed interest rate (%) EUR — (0.258) (0.250) (0.236) — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 2,229 4,554 11,570 1,858 — 20,211 Average BRL/EUR exchange rate 5.270 5.308 6.332 — — Average CLP/EUR exchange rate 869.633 861.546 864.339 932.215 — Average COP/EUR exchange rate — — 4.471 — — Average GBP/EUR exchange rate 0.909 0.916 0.907 — — Average MXN/EUR exchange rate 23.121 25.456 26.788 — — Average PLN/EUR exchange rate 4.427 4.420 4.516 — — |
Schedule of details of hedged exposure/hedged items | Regarding the hedged items, the products that are being hedged are mainly: borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities. The following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2022, 2021 and 2020: EUR million 31 December 2022 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 126,665 59,837 (5,487) (3,581) Loans and advances / Deposits and Debt securities / Debt securities issued (3,232) — — Interest rate risk 121,605 53,239 (5,069) (3,428) (2,397) — — Exchange rate risk 2,792 1,040 (284) — (7) — — Interest and Exchange rate risk 2,126 5,558 (134) (153) (826) — — Inflation risk — — — — — — — Credit risk 142 — — — (2) — — Cash flow hedges 475 (3,353) (225) Interest rate risk 2,458 (2,973) (75) Exchange rate risk (1,764) (88) (2) Interest and Exchange rate risk 39 (309) 1 Inflation risk (258) 14 (149) Equity risk — 3 — Net foreign investments hedges 22,614 — 2,467 (6,750) — Exchange rate risk 22,614 — 2,467 (6,750) — 149,279 59,837 (5,487) (3,581) (290) (10,103) (225) EUR million 31 December 2021 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 193,949 51,395 462 453 Loans and advances / Deposits and Debt securities / Debt securities issued (1,061) — — Interest rate risk 125,479 47,347 727 366 (543) — — Exchange rate risk 64,531 — (282) — (343) — — Interest and Exchange rate risk 3,714 4,048 15 87 (173) — — Inflation risk 46 — — — — — — Credit risk 179 — 2 — (2) — — Cash flow hedges 1,639 (414) (148) Interest rate risk 494 (540) (52) Exchange rate risk 115 81 8 Interest and Exchange rate risk 778 330 — Inflation risk 249 (289) (104) Equity risk 3 4 — Net foreign investments hedges 25,594 — 1,159 (4,283) — Exchange rate risk 25,594 — 1,159 (4,283) — 219,543 51,395 462 453 1,737 (4,697) (148) EUR million 31 December 2020 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 141,608 52,055 3,369 2,914 Loans and advances / Deposits and Debt securities / Debt securities issued 553 — — Interest rate risk 128,279 48,137 3,183 2,727 469 — — Exchange rate risk 8,718 — 40 — (13) — — Interest and Exchange rate risk 4,391 3,918 143 187 100 — — Inflation risk — — — — (4) — — Credit risk 220 — 3 — (3) — — Cash flow hedges (286) 409 (33) Interest rate risk (69) (98) (1) Exchange rate risk 412 (68) — Interest and Exchange rate risk (741) 680 — Inflation risk 121 (111) (32) Equity risk (9) 6 — Net foreign investments hedges 22,210 — (2,340) (3,124) — Exchange rate risk 22,210 — (2,340) (3,124) — 163,818 52,055 3,369 2,914 (2,073) (2,715) (33) |
Schedule of effectiveness of hedging, impacts on profit or loss and other comprehensive income | The net impact of the hedges are shown in the following table: EUR million 31 December 2022 Earnings/(losses) recognised in another cumulative overall result Ineffective recognised in the income statement Line of the income statement that includes the ineffectiveness of cash flows Reclassified amount of reserves to the income statement due to: Gains or losses financial assets/liabilities Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 119 Interest rate risk 155 Exchange rate risk (16) Interest rate and exchange rate risk (20) Cash flow hedges (3,016) (45) Gains or losses financial assets/liabilities 1,254 Interest margin/Gains or losses financial assets/liabilities Interest rate risk (2,458) 1 (370) Exchange rate risk (178) (10) 2,130 Interest rate and exchange rate risk (638) (39) 587 Inflation risk 258 3 (1,093) Equity risk — — — Net foreign investments hedges (2,467) — — Exchange rate risk (2,467) — — (5,483) 74 1,254 EUR million 31 December 2021 Earnings/(losses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Line of the income statement that includes the ineffectiveness of cash flows Reclassified amount of reserves to the income statement due to: Gains or losses financial assets/liabilities Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 18 Interest rate risk 46 Exchange rate risk (55) Interest rate and exchange rate risk 27 Cash flow hedges (938) (64) Gains or losses financial assets/liabilities (801) Interest margin/Gains or losses financial assets/liabilities Interest rate risk (491) (34) 269 Exchange rate risk 155 2 (262) Interest rate and exchange rate risk (350) (35) (350) Inflation risk (249) 3 (458) Equity risk (3) — — Net foreign investments hedges (1,159) — — Exchange rate risk (1,159) — — (2,097) (46) (801) EUR million 31 December 2020 Earnings/(losses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Line of the income statement that includes the ineffectiveness of cash flows Reclassified amount of reserves to the income statement due to: Gains or losses financial assets/liabilities Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 104 Interest rate risk 9 Risk of Exchange rate 1 Risk of interest rate and exchange rate 92 Credit risk 2 Cash flow hedges (53) (53) Gains or losses financial assets/liabilities 852 Interest margin/Gains or losses financial assets/liabilities Interest rate risk 69 7 118 Exchange rate risk (180) 9 (131) Interest rate and exchange rate risk 170 (62) 844 Inflation risk (121) (7) 21 Equity risk 9 — — Net foreign investments 2,340 — Gains or losses financial assets/liabilities — Exchange rate risk 2,340 — — 2,287 51 852 |
Schedule of movement in hedging components in other comprehensive income | The following table shows the movement in the impact of equity for the year: EUR million 2022 2021 2020 Balance at beginning of year (4,559) (2,829) (5,164) Cash flow hedges Interest rate risk (2,458) (491) 69 Amounts transferred to income statements 370 (269) (118) Gain or loss in value CFE - recognized in equity (2,828) (222) 187 Exchange rate risk (178) 155 (180) Amounts transferred to income statements (2,130) 262 131 Gain or loss in value CFE - recognized in equity 1,952 (107) (311) Interest rate and exchange rate risk (638) (350) 170 Amounts transferred to income statements (587) 350 (844) Gain or loss in value CFE - recognized in equity (51) (700) 1,014 Inflation risk 258 (249) (121) Amounts transferred to income statements 1,093 458 (21) Gain or loss in value CFE - recognized in equity (835) (707) (100) Equity risk 0 (3) 9 Amounts transferred to income statements — — — Gain or loss in value CFE - recognized in equity — (3) 9 Net foreign investments hedges Exchange rate risk (2,467) (1,159) 2,340 Amounts transferred to income statements — — — Gain or loss in value CFE - recognized in equity (2,467) (1,159) 2,340 Minorities (57) 89 43 Taxes 912 278 5 Balance at end of year (9,187) (4,559) (2,829) |
Interest income (Tables)
Interest income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Disclosure of details of main interest and similar income | The detail of the main interest and similar income items earned in 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Loans and advances, central banks 1,606 476 431 Loans and advances, credit institutions 2,186 916 894 Debt instruments 10,416 5,724 5,022 Loans and advances, customers 54,110 38,649 38,788 Other interest 3,112 698 606 71,430 46,463 45,741 |
Interest expense (Tables)
Interest expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Disclosure of details of main interest and similar expenses | The detail of the main items of interest expense and similar charges accrued in 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Central banks deposits 706 338 366 Credit institution deposits 2,784 1,140 1,652 Customer deposits 16,994 5,452 5,599 Debt securities issued and subordinated liabilities 8,464 4,838 5,119 Marketable debt securities 7,472 4,190 4,548 Subordinated liabilities (note 23) 992 648 571 Provisions for pensions (note 25) 100 91 95 Lease Liabilities 116 125 186 Other interest expense 3,647 1,109 730 32,811 13,093 13,747 |
Dividend income (Tables)
Dividend income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Disclosure of details of income from dividends | The detail of Income from dividends as follows: EUR million 2022 2021 2020 Dividend income classified as: Financial assets held for trading 366 369 272 Non-trading financial assets mandatorily at fair value through profit or loss 35 32 31 Financial assets at fair value through other comprehensive income 87 112 88 488 513 391 |
Commission income (Tables)
Commission income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission income [abstract] | |
Disclosure of details of fee and commission income | The detail of fee and commission income is as follows: EUR million 2022 2021 2020 Coming from collection and payment services Bills 245 214 265 Demand accounts 1,526 1,408 1,284 Cards 4,012 3,138 2,986 Orders 625 503 484 Cheques and other 172 139 110 6,580 5,402 5,129 Coming from non-banking financial products Investment funds 1,017 992 888 Pension funds 167 161 170 Insurance 2,743 2,467 2,289 3,927 3,620 3,347 Coming from Securities services Securities underwriting and placement 438 431 394 Securities trading 339 319 316 Administration and custody 321 402 336 Asset management 446 369 316 1,544 1,521 1,362 Other Foreign exchange 822 522 500 Financial guarantees 433 415 409 Commitment fees 506 442 366 Other fees and commissions 2,055 1,890 1,911 3,816 3,269 3,186 15,867 13,812 13,024 |
Commission expense (Tables)
Commission expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission expense [abstract] | |
Disclosure of details of fee and commission expense | The detail of commission expense is as follows: EUR million 2022 2021 2020 Commissions assigned to third parties 2,554 1,993 1,856 Cards 1,872 1,355 1,249 By collection and return of effects 18 16 12 Other fees assigned 664 622 595 Other commissions paid 1,523 1,317 1,153 Brokerage fees on lending and deposit transactions 77 60 26 Sales of insurance and pension funds 340 341 248 Other fees and commissions 1,106 916 879 4,077 3,310 3,009 |
Gains or losses on financial _2
Gains or losses on financial assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) on financial instruments [abstract] | |
Schedule of detail, by origin, of gains/losses on financial assets and liability | The detail, by origin, of Gains/losses on financial assets and liabilities: EUR million 2022 2021 2020 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net 149 628 1,107 Financial assets at amortized cost 34 89 (31) Other financial assets and liabilities 115 539 1,138 Of which debt instruments 122 567 1,179 Gains or losses on financial assets and liabilities held for trading, net A 842 1,141 3,211 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 162 132 82 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net A 968 270 (171) Gains or losses from hedge accounting, net 74 (46) 51 2,195 2,125 4,280 A. 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 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net': EUR million 2022 2021 2020 Exchange differences, net (542) (562) (2,093) |
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: EUR million 2022 2021 2020 Loans and receivables: 44,962 34,812 46,589 Central banks 11,595 3,608 9,481 Credit institutions 17,175 13,549 12,139 Customers 16,192 17,655 24,969 Debt instruments 45,079 30,223 41,573 Equity instruments 13,777 19,119 12,849 Derivatives 67,002 54,292 67,137 170,820 138,446 168,148 |
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: EUR million 2022 2021 2020 Deposits 78,299 40,946 43,598 Central banks 7,497 1,645 2,490 Credit institutions 11,754 7,552 6,765 Customer 59,048 31,749 34,343 Marketable debt securities 5,427 5,454 4,440 Short positions 22,515 12,236 16,698 Derivatives 64,891 53,566 64,469 Other financial liabilities — — — 171,132 112,202 129,205 |
Other operating income and ex_2
Other operating income and expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Schedule of other operating income and other operating expenses | Other operating income and Other operating expenses in the consolidated income statements include: EUR million 2022 2021 2020 Insurance activity 158 211 210 Income from insurance and reinsurance contracts issued 2,698 1,516 1,452 Of which: Insurance and reinsurance premium income 2,543 1,381 1,349 Reinsurance income (note 15) 155 135 103 Expenses of insurance and reinsurance contracts (2,540) (1,305) (1,242) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (2,309) (1,097) (1,063) Reinsurance premiums paid (231) (208) (179) Other operating income 1,510 2,255 1,920 Non- financial services 770 291 362 Other operating income 740 1,964 1,558 Other operating expense (2,803) (2,442) (2,342) Non-financial services (661) (283) (350) Other operating expense: (2,142) (2,159) (1,992) Of which, credit institutions deposit guarantee fund and single resolution fund (1,258) (1,016) (1,005) (1,135) 24 (212) |
Staff costs (Tables)
Staff costs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Schedule of detail of staff costs | The detail of Staff costs is as follows: EUR million 2022 2021 2020 Wages and salaries 9,563 8,466 8,070 Social Security costs 1,441 1,323 1,277 Additions to provisions for defined benefit pension plans (note 25) 65 73 76 Contributions to defined contribution pension funds 296 286 283 Other Staff costs 1,182 1,068 1,077 12,547 11,216 10,783 |
Schedule of average number of employees | Average number of employees 2022 2021 2020 Banco Santander, S.A. 23,410 24,512 27,503 Executive directors and Senior management 17 19 21 Other line personnel 21,872 23,343 26,527 Branches abroad 1,521 1,150 955 Total Group 201,516 194,589 196,090 A. 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 2022 is as follows: Functional breakdown by gender Senior managers Other managers Other personnel Men Women Men Women Men Women Europe 1,093 478 6,779 3,893 33,041 40,919 North America 221 66 1,334 621 18,300 23,055 South America 320 134 3,147 2,096 31,108 39,857 1,634 678 11,260 6,610 82,449 103,831 The same information, expressed in percentage terms at 31 December 2022 is as follows: Functional breakdown by gender Senior managers Other managers Other personnel Men Women Men Women Men Women Europe 70 % 30 % 64 % 36 % 45 % 55 % North America 77 % 23 % 68 % 32 % 44 % 56 % South America 70 % 30 % 60 % 40 % 44 % 56 % 71 % 29 % 63 % 37 % 44 % 56 % |
Schedule of number of employees with disabilities | The number of employees in the Group with disabilities, distributed by professional categories, at 31 December 2022, is as follows: Number of employees A 2022 Senior managers 13 Management 136 Collaborators 3,965 4,114 A. 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%. |
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 (2015, 2016, 2017, 2018, 2019, 2020, 2021 and 2022) 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 sixth cycles, over three four 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 (fifth cycle) • In the case of the sixth, seventh, eighth, ninth, tenth, eleventh and twelfth cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fifth and sixth cycles (2015 to 2016), the accrual of the 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 on none of the following circumstances existing during the period prior to each delivery, 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. iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eighth, ninth, tenth, eleventh and twelfth cycles (2017 to 2021), 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 non-ocurrence of 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: v. significant failures in risk management by the entity , or by a business unit or risk control unit. vi. 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. vii. 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. viii. 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. Fifth cycle (2015): • 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 5 years deferral period. • Division managers, country heads (of countries which represent at least 1% of Group's economic capital), 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 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 years period. Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021): • 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. Twelfth cycle (2022): • 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 4 years . T Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021 and 2022) 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 four 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, to non-ocurrence 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. iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018, 2019, 2020 and 2021 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 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, taking into account the following factors: v. Significant failures in risk management committed by the entity, or by a business unit or risk control unit. vi. 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. vii. 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. viii. 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. In the seventh cycle, and only for executive directors: half in cash and 25% in share options and 25% in shares (unless the director chooses to receive options only). 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 years 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 a 5 years period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 years period. The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 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 years and five years 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 Grupo Santander’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, 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, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. In the seventh cycle (2022), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of four years and five years deferrals) are: • Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024. • Relative Total Shareholder Return (TSR) measured against a group of 9 credit institutions for the period 2022-2024. • Five ESG metrics linked to our public targets of our Responsible Banking agenda. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii) Digital Transformation Award (2019, 2020 and 2021) The 2019, 2020 and 2021 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 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets; (iv) extension of SuperDigital in Brazil to at least one other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers. The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to “new-mode” bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries. The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. 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 years 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 years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. 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 Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive). The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019). Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation base (iv) Digital Transformation Award (2022) The board of directors approved the 2022 Digital Transformation Incentive. It is a variable remuneration scheme splits in two different blocks: • The first one, with the same mechanism than previous years, that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to 250 (is limited to 30 million euros)employees whose functions are deemed essential to Santander’s growth. • And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50 employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success. 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. Performance of the first block of the incentive shall be measured based on achievement of the following milestones: i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions. iii. Agile: Agile ways of working enable a better and faster reaction to customers’ needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. iv. In Digital Consumer Bank: a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain. b) To support the definition of Openbank US’s IT digital strategy and achieve 2022 milestones in it. c) To have the new leasing platform connected to dealers in Italy. d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal. And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter. The first block of thee 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 years 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 years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. 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 Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years. The total achievement for 2022 Digital Incentive was 96.5%. The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was 100%. |
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 A Year granted Employee group Number of persons B Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 01/01/2020 23,373 Options granted (sharesave) 11,642 1.65 2020 Employees 5,012 01/11/20 01/11/23 01/11/20 01/11/25 Options exercised (860) 2.75 Options cancelled (net) or not exercised (12,993) 2.96 Plans outstanding at 31/12/2020 21,162 Options granted (sharesave) 9,414 2.43 2021 Employees 4,142 01/11/21 01/11/24 01/11/21 01/11/26 Options exercised (48) 1.86 Options cancelled (net) or not exercised (4,592) 2.95 Plans outstanding at 31/12/2021 25,936 Options granted (sharesave) 13,068 1.89 2022 Employees 4,362 11/01/22 11/01/25 11/01/22 11/01/27 Options exercised (242) 1.69 Options cancelled (net) or not exercised (8,774) 2.59 Plans outstanding at 31/12/2022 29,988 A. At 31 December, 2022, 2021 and 2020, the euro/pound sterling exchange rate was 1.1277, 1.1904 and 1.1168 , respectively. B. 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, 2022 | |
Selling, general and administrative expense [abstract] | |
Schedule of detail of other general administrative expenses | The detail of Other general administrative expenses is as follows: EUR million 2022 2021 2020 Technology and systems 2,473 2,182 2,119 Property, fixtures and supplies 804 789 827 Technical reports 785 689 672 Taxes other than income tax 559 558 537 Advertising 559 510 523 Communications 410 401 473 Surveillance and cash courier services 336 306 325 Per diems and travel expenses 163 69 73 Insurance premiums 108 109 88 Other administrative expenses 2,174 1,830 1,900 8,371 7,443 7,537 |
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: EUR million 2022 2021 2020 Audit 113.4 104.6 99.4 Audit-related services 6.4 6.0 6.0 Tax services 0.5 0.7 0.8 All other 4.8 2.4 1.2 Total 125.1 113.7 107.4 |
Schedule of number of offices | The number of offices at 31 December 2022, 2021 and 2020 is as follows: Number of branches Group 2022 2021 2020 Spain 1,966 1,998 2,989 Group 7,053 7,231 7,597 9,019 9,229 10,586 |
Gains or losses on non financ_2
Gains or losses on non financial assets, net (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 follows: EUR million 2022 2021 2020 Gains Tangible and intangible assets 56 87 89 Investments 5 2 60 61 89 149 Losses Tangible and intangible assets (49) (36) (34) Investments — — (1) (49) (36) (35) 12 53 114 |
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, 2022 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
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: EUR million Net balance 2022 2021 2020 Tangible assets 7 (52) (171) Impairment (note 12) (94) (141) (215) Gain (loss) on sale (note 12) 101 89 44 Other gains and other losses — 9 — 7 (43) (171) |
Other disclosures (Tables)
Other disclosures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other Disclosures [Abstract] | |
Schedule of certain financial assets and liabilities by maturity | The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2022, 2021 and 2020 is presented below: 31 December 2022 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 223,073 — — — — — 223,073 Financial assets at fair value through other comprehensive income — 19,215 5,425 15,377 17,693 25,588 83,298 Debt securities — 19,011 4,528 13,884 16,631 21,029 75,083 Loans and advances — 204 897 1,493 1,062 4,559 8,215 Customers — 204 897 1,493 1,062 4,559 8,215 Financial assets 45,322 194,757 137,632 196,939 135,156 437,238 1,147,044 Debt securities — 7,956 7,417 21,459 6,715 30,007 73,554 Loans and advances 45,322 186,801 130,215 175,480 128,441 407,231 1,073,490 Central banks — 14,139 — — — 1,236 15,375 Credits institutions 7,565 22,578 2,756 3,580 139 9,900 46,518 Customers 37,757 150,084 127,459 171,900 128,302 396,095 1,011,597 268,395 213,972 143,057 212,316 152,849 462,826 1,453,415 Liabilities Financial liabilities at amortized cost 731,837 236,565 144,666 168,984 81,808 59,998 1,423,858 Deposits 718,366 193,092 96,667 82,663 19,343 1,756 1,111,887 Central banks 117 6,991 18,311 47,018 4,506 9 76,952 Credit institutions 7,172 30,557 15,901 9,670 3,925 1,357 68,582 Customer deposits 711,077 155,544 62,455 25,975 10,912 390 966,353 Marketable debt securities A — 34,408 46,480 81,051 55,359 57,614 274,912 Other financial liabilities 13,471 9,065 1,519 5,270 7,106 628 37,059 731,837 236,565 144,666 168,984 81,808 59,998 1,423,858 Difference (assets less liabilities) (463,442) (22,593) (1,609) 43,332 71,041 402,828 29,557 A. 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 2021 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 210,689 — — — — — 210,689 Financial assets at fair value through other comprehensive income — 19,885 10,447 20,001 17,745 37,507 105,585 Debt securities — 19,598 9,609 19,133 16,494 33,088 97,922 Loans and advances — 287 838 868 1,251 4,419 7,663 Customers — 287 838 868 1,251 4,419 7,663 Financial assets 35,520 161,837 121,272 154,345 130,456 434,468 1,037,898 Debt securities — 4,212 4,171 2,205 15,388 9,732 35,708 Loans and advances 35,520 157,625 117,101 152,140 115,068 424,736 1,002,190 Central banks — 14,544 — — — 1,113 15,657 Credits institutions 11,849 20,802 4,542 93 150 1,733 39,169 Customers 23,671 122,279 112,559 152,047 114,918 421,890 947,364 246,209 181,722 131,719 174,346 148,201 471,975 1,354,172 Liabilities Financial liabilities 718,435 169,013 99,223 194,879 98,210 69,409 1,349,169 Deposits 711,377 126,956 64,096 117,585 52,658 5,915 1,078,587 Central banks 92 5,861 2,130 91,651 40,013 10 139,757 Credit institutions 12,854 16,208 12,507 4,712 1,981 3,973 52,235 Customer deposits 698,431 104,887 49,459 21,222 10,664 1,932 886,595 Marketable debt A — 31,550 29,798 71,333 45,198 62,830 240,709 Other financial liabilities 7,058 10,507 5,329 5,961 354 664 29,873 718,435 169,013 99,223 194,879 98,210 69,409 1,349,169 Difference (assets less liabilities) (472,226) 12,709 32,496 (20,533) 49,991 402,566 5,003 A. Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2020 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Assets Cash, cash balances at Central Banks and other deposits on demand 153,839 — — — — — 153,839 Financial assets at fair value through other comprehensive income — 11,084 7,738 19,923 21,302 58,123 118,170 Debt securities — 10,908 7,019 18,365 19,969 52,642 108,903 Loans and advances — 176 719 1,558 1,333 5,481 9,267 Customers — 176 719 1,558 1,333 5,481 9,267 Financial assets 51,513 117,335 109,561 150,399 120,376 409,194 958,378 Debt securities — 4,184 5,760 3,059 5,257 7,818 26,078 Loans and advances 51,513 113,151 103,801 147,340 115,119 401,376 932,300 Central banks — 10,762 — 673 — 1,064 12,499 Credit institutions 21,337 8,950 3,910 3,207 34 400 37,838 Customers 30,176 93,439 99,891 143,460 115,085 399,912 881,963 205,352 128,419 117,299 170,322 141,678 467,317 1,230,387 Liabilities Financial liabilities 640,613 175,269 93,296 175,238 80,041 83,731 1,248,188 Deposits 632,305 132,337 61,142 109,856 32,464 22,287 990,391 Central banks 150 10,499 3,216 83,112 15,827 — 112,804 Credit institutions 14,370 22,385 9,940 5,618 5,934 4,373 62,620 Customer deposits 617,785 99,453 47,986 21,126 10,703 17,914 814,967 Marketable debt A — 33,257 30,994 59,526 47,143 59,909 230,829 Other financial liabilities 8,308 9,675 1,160 5,856 434 1,535 26,968 640,613 175,269 93,296 175,238 80,041 83,731 1,248,188 Difference (assets less liabilities) (435,261) (46,850) 24,003 (4,916) 61,637 383,586 (17,801) A. 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 2022, 2021 and 2020 is as follows: 31 December 2022 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 718,366 192,609 96,482 82,618 19,354 1,595 1,111,024 Central banks 117 7,003 18,210 46,933 4,506 9 76,778 Credit institutions 7,172 30,548 15,808 9,722 3,924 1,190 68,364 Customer 711,077 155,058 62,464 25,963 10,924 396 965,882 Marketable debt securities — 34,312 46,396 81,059 55,357 57,576 274,700 Other financial liabilities 13,471 9,065 1,519 5,270 7,106 626 37,057 731,837 235,986 144,397 168,947 81,817 59,797 1,422,781 31 December 2021 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 705,129 120,654 62,896 116,343 52,031 5,884 1,062,937 Central banks 83 5,862 2,131 91,327 39,579 10 138,992 Credit institutions 12,683 16,184 11,867 4,504 1,945 3,950 51,133 Customer 692,363 98,608 48,898 20,512 10,507 1,924 872,812 Marketable debt securities — 32,575 30,618 73,131 46,367 64,318 247,009 Other financial liabilities 7,059 10,507 5,329 5,961 354 663 29,873 712,188 163,736 98,843 195,435 98,752 70,865 1,339,819 . 31 December 2020 EUR million On demand Within 3 months 3 to 12 months 1 to 3 years 3 to 5 years More than 5 years Total Financial liabilities at amortized cost Deposits 629,043 130,439 60,465 108,326 32,260 22,228 982,761 Central banks 150 10,497 3,217 82,803 15,827 — 112,494 Credit institutions 14,334 22,367 9,606 5,031 5,903 4,333 61,574 Customer 614,559 97,575 47,642 20,492 10,530 17,895 808,693 Marketable debt securities — 34,307 31,103 58,645 46,118 56,730 226,903 Other financial liabilities 8,308 9,675 1,160 5,856 434 1,535 26,968 637,351 174,421 92,728 172,827 78,812 80,493 1,236,632 |
Schedule of remainder of financial assets, liabilities and memorandum item by maturity | Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2022, 2021 and 2020 : 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 44,770 27,562 29,753 20,177 33,856 156,118 Derivatives 7,631 9,983 23,156 15,533 10,699 67,002 Equity instruments 10,066 10,066 Debt securities 5,160 13,357 5,667 4,193 13,026 41,403 Loans and advances 31,979 4,222 930 451 65 37,647 Central banks 11,595 — — — — 11,595 Credits institutions 13,650 2,852 — — — 16,502 Customers 6,734 1,370 930 451 65 9,550 Financial assets designated at fair value through profit or loss 236 756 2,732 1,691 3,574 8,989 Debt securities 68 77 1,026 599 772 2,542 Loans and advances 168 679 1,706 1,092 2,802 6,447 Credit institutions 6 181 23 4 459 673 Customers 162 498 1,683 1,088 2,343 5,774 Non-trading financial assets mandatorily at fair value through profit or loss 164 214 265 70 5,000 5,713 Equity instruments — — — — 3,711 3,711 Debt securities 6 52 52 — 1,024 1,134 Loans and advances 158 162 213 70 265 868 Customers 158 162 213 70 265 868 Financial assets at fair value through other comprehensive income — — — — 1,941 1,941 Equity instruments — — — — 1,941 1,941 Hedging derivatives 2,200 1,076 1,356 1,451 1,986 8,069 Changes in the fair value of hedged items in portfolio hedges of interest rate risk (734) (498) (1,178) (1,036) (303) (3,749) TOTAL FINANCIAL ASSETS 46,636 29,110 32,928 22,353 46,054 177,081 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 51,621 12,012 23,669 18,273 9,610 115,185 Derivatives 7,749 9,671 22,479 16,955 8,037 64,891 Shorts positions 17,952 888 1,031 1,071 1,573 22,515 Deposits 25,920 1,453 159 247 — 27,779 Central banks 5,757 — — — — 5,757 Credits institutions 7,963 1,435 151 247 — 9,796 Customers 12,200 18 8 — — 12,226 Financial liabilities designated at fair value through profit or loss 27,071 4,359 6,180 1,915 16,422 55,947 Deposits 26,908 3,558 5,069 818 14,167 50,520 Central banks 1,702 38 — — — 1,740 Credits institutions 1,284 129 54 87 404 1,958 Customers 23,922 3,391 5,015 731 13,763 46,822 Marketable debt securities A 163 801 1,111 1,097 2,255 5,427 Hedging derivatives 947 1,469 3,650 1,159 2,003 9,228 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 11 (52) (140) 20 44 (117) TOTAL FINANCIAL LIABILITIES 79,650 17,788 33,359 21,367 28,079 180,243 A. Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2022 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 120,962 32,538 50,875 54,033 15,667 274,075 Financial guarantees granted 7,023 3,586 1,427 441 379 12,856 Other commitments granted 66,716 16,152 7,119 1,517 1,168 92,672 MEMORANDUM ITEMS 194,701 52,276 59,421 55,991 17,214 379,603 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 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 21,887 20,627 20,047 15,105 39,287 116,953 Derivatives 4,943 7,426 12,285 11,980 17,658 54,292 Equity instruments — — — — 15,077 15,077 Debt securities 2,978 8,585 5,766 2,869 6,552 26,750 Loans and advances 13,966 4,616 1,996 256 — 20,834 Central banks 3,608 — — — — 3,608 Credits institutions 5,607 3,982 808 — — 10,397 Customers 4,751 634 1,188 256 — 6,829 Financial assets designated at fair value through profit or loss 2,451 2,928 3,686 2,334 4,558 15,957 Debt securities 64 142 699 700 911 2,516 Loans and advances 2,387 2,786 2,987 1,634 3,647 13,441 Central banks — — — — — — Credit institutions 1,138 1,476 205 10 323 3,152 Customers 1,249 1,310 2,782 1,624 3,324 10,289 Non-trading financial assets mandatorily at fair value through profit or loss 116 49 127 67 5,177 5,536 Equity instruments — 4,042 4,042 Debt instruments 4 40 4 6 903 957 Loans and advances 112 9 123 61 232 537 Central banks — — — — — — Credits institutions — — — — — — Customers 112 9 123 61 232 537 Financial assets at fair value through other comprehensive income — — — — 2,453 2,453 Equity instruments — — — — 2,453 2,453 Hedging derivatives 368 857 748 1,270 1,518 4,761 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 429 (11) (304) 19 277 410 TOTAL FINANCIAL ASSETS 25,251 24,450 24,304 18,795 53,270 146,070 31 December 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 26,142 9,234 15,709 12,750 15,634 79,469 Derivatives 4,485 7,583 14,868 11,912 14,718 53,566 Shorts positions 8,559 1,290 728 743 916 12,236 Deposits 13,098 361 113 95 — 13,667 Central banks 1,038 — — — — 1,038 Credits institutions 5,919 361 113 95 — 6,488 Customers 6,141 — — — — 6,141 Marketable debt securities — — — — — — Other financial liabilities — — — — — — Financial liabilities designated at fair value through profit or loss 7,000 1,685 4,669 1,225 18,154 32,733 Deposits 6,874 1,246 2,801 764 15,594 27,279 Central banks 569 38 — — — 607 Credits institutions 237 487 30 178 132 1,064 Customers 6,068 721 2,771 586 15,462 25,608 Marketable debt securities A 126 439 1,868 461 2,560 5,454 Hedging derivatives 613 930 1,667 824 1,429 5,463 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 45 16 58 49 80 248 TOTAL FINANCIAL LIABILITIES 33,800 11,865 22,103 14,848 35,297 117,913 A. Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2021 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 123,529 27,587 51,999 49,781 9,841 262,737 Financial guarantees granted 3,617 4,251 1,749 687 454 10,758 Other commitments granted 52,359 12,008 7,297 1,539 2,530 75,733 MEMORANDUM ITEMS 179,505 43,846 61,045 52,007 12,825 349,228 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 12,494 27,753 22,473 18,014 34,211 114,945 Derivatives 9,556 10,044 15,526 13,681 18,330 67,137 Equity instruments — — — — 9,615 9,615 Debt securities 2,938 17,709 6,947 4,310 5,990 37,894 Loans and advances — — — 23 276 299 Credits institutions — — — 3 — 3 Customers — — — 20 276 296 Financial assets designated at fair value through profit or loss 27,334 7,205 3,680 3,933 6,565 48,717 Debt securities 259 162 407 719 1,432 2,979 Loans and advances 27,075 7,043 3,273 3,214 5,133 45,738 Central banks 9,481 — — — — 9,481 Credit institutions 8,449 2,728 590 12 357 12,136 Customers 9,145 4,315 2,683 3,202 4,776 24,121 Non-trading financial assets mandatorily at fair value through profit or loss 275 — — 69 4,142 4,486 Equity instruments — — — — 3,234 3,234 Debt instruments 85 — — — 615 700 Loans and advances 190 — — 69 293 552 Central banks — — — — — — Credits institutions — — — — — — Customers 190 — — 69 293 552 Financial assets at fair value through other comprehensive income — — — — 2,783 2,783 Equity instruments — — — — 2,783 2,783 Hedging derivatives 2,003 1,293 1,107 1,083 2,839 8,325 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 181 132 205 381 1,081 1,980 TOTAL FINANCIAL ASSETS 42,287 36,383 27,465 23,480 51,621 181,236 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 20,481 6,286 17,635 16,036 20,729 81,167 Derivatives 4,338 5,800 17,566 16,036 20,729 64,469 Shorts positions 16,143 486 69 — — 16,698 Deposits — — — — — — Central banks — — — — — — Credits institutions — — — — — — Customers — — — — — — Marketable debt securities — — — — — — Other financial liabilities — — — — — — Financial liabilities designated at fair value through profit or loss 15,200 2,228 2,893 1,121 26,596 48,038 Deposits 15,168 1,954 2,497 518 23,461 43,598 Central banks 1,707 783 — — — 2,490 Credits institutions 3,785 935 1,493 171 381 6,765 Customers 9,676 236 1,004 347 23,080 34,343 Marketable debt securities 32 274 396 603 3,135 4,440 Other financial liabilities — — — — — — Hedging derivatives 2,819 588 748 641 2,073 6,869 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 9 40 74 64 99 286 TOTAL FINANCIAL LIABILITIES 38,509 9,142 21,350 17,862 49,497 136,360 31 December 2020 EUR million Within 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 114,221 28,207 47,876 40,458 10,468 241,230 Financial guarantees granted 2,661 3,732 4,134 1,169 681 12,377 Other commitments granted 43,734 10,497 5,101 3,207 1,999 64,538 MEMORANDUM ITEMS 160,616 42,436 57,111 44,834 13,148 318,145 |
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 EUR million 2022 2021 2020 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 122,391 — 105,457 — 76,882 — Financial assets/liabilities held for trading 94,256 60,105 65,345 49,314 66,448 50,494 Non-trading financial assets mandatorily at fair value through profit or loss 3,210 — 2,460 — 2,248 — Other financial assets/liabilities at fair value through profit or loss 1,085 20,274 1,230 9,103 24,015 18,347 Financial assets at fair value through other comprehensive income 62,046 — 78,086 — 79,688 — Financial assets at amortized cost 747,138 — 680,774 — 610,152 — Investments 1,296 — 1,666 — 1,671 — Tangible assets 21,834 — 22,350 — 21,617 — Intangible assets 11,881 — 10,066 — 9,609 — Financial liabilities at amortized cost — 893,531 — 796,395 — 726,516 Liabilities under insurance contracts — 4 — 10 — 13 Other 23,886 24,372 22,631 20,420 26,433 22,801 1,089,023 998,286 990,065 875,242 918,763 818,171 |
Schedule of financial assets measured at other than fair value | 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 EUR million 2022 2021 2020 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 1,073,490 1,053,703 — 64,968 988,735 1,002,190 1,006,711 — 69,840 936,871 932,300 940,258 — 65,755 874,503 Debt securities 73,554 70,373 37,805 19,254 13,314 35,708 35,378 13,558 12,158 9,662 26,078 26,532 6,753 11,899 7,880 1,147,044 1,124,076 37,805 84,222 1,002,049 1,037,898 1,042,089 13,558 81,998 946,533 958,378 966,790 6,753 77,654 882,383 |
Schedule of financial liabilities measured at other than fair value | Financial liabilities measured at other than fair value EUR million 2022 2021 2020 Liabilities A 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 1,111,887 1,108,918 — 258,701 850,217 1,078,587 1,076,876 — 286,613 790,263 990,391 990,807 — 263,517 727,290 Debt securities 274,912 263,191 106,169 124,939 32,083 240,709 246,697 109,346 115,034 22,317 230,829 241,174 91,771 125,031 24,372 1,386,799 1,372,109 106,169 383,640 882,300 1,319,296 1,323,573 109,346 401,647 812,580 1,221,220 1,231,981 91,771 388,548 751,662 A. At 31 December 2022, Grupo Santander had other financial liabilities that amounted to EUR 37,059 million, EUR 29,873 million in 2021 and EUR 26,968 million in 2020. |
Primary and secondary segment_2
Primary and secondary segments reporting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Schedule of condensed balance sheets and condensed underlying income statements by primary and secondary segments | The condensed balance sheets and income statements of the various primary segments are as follows: EUR million 2022 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 958,207 288,595 292,925 151,015 262,218 (218,301) 1,734,659 Loans and advances to customers 591,280 171,519 144,812 122,608 5,785 — 1,036,004 Cash, balances at central banks and credit institutions and other deposits on demand 216,308 35,607 52,358 12,311 123,230 (126,078) 313,736 Debt securities 76,318 44,060 57,106 7,644 8,588 — 193,716 Other financial assets A 47,737 14,668 19,854 190 271 — 82,720 Other asset accounts B 26,564 22,741 18,795 8,262 124,344 (92,223) 108,483 Total liabilities 915,167 262,931 268,417 137,986 178,651 (126,078) 1,637,074 Customer deposits 659,553 168,748 137,661 58,544 895 — 1,025,401 Central banks and credit institutions 112,254 25,294 42,921 39,169 71,225 (126,078) 164,785 Marketable debt securities 71,731 41,063 35,063 33,749 98,733 — 280,339 Other financial liabilities C 60,008 20,883 41,445 1,820 309 — 124,465 Other liabilities accounts D 11,621 6,943 11,327 4,704 7,489 — 42,084 Total equity 43,040 25,664 24,508 13,029 83,567 (92,223) 97,585 Other customer funds under management 100,178 15,571 65,251 880 — — 181,880 Investment funds 70,084 13,949 58,156 — — — 142,189 Pension funds 13,940 81 — — — — 14,021 Assets under management 16,154 1,541 7,095 880 — — 25,670 Other non-managed marketed customer funds 23,305 20,908 1,077 3,089 — — 48,379 A. Including Trading derivatives and Equity instruments. B. Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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. EUR million 2021 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 943,875 244,734 257,805 148,005 215,467 (214,051) 1,595,835 Loans and advances to customers 590,610 137,428 123,920 113,937 6,787 — 972,682 Cash, balances at central banks and credit institutions and other deposits on demand 219,154 34,857 43,134 21,804 88,918 (125,195) 282,672 Debt securities 67,068 38,500 51,451 5,280 1,554 — 163,853 Other financial assets A 37,250 12,555 23,809 47 2,203 — 75,864 Other asset accounts B 29,793 21,394 15,491 6,937 116,005 (88,856) 100,764 Total liabilities 899,007 216,048 237,375 135,599 135,950 (125,197) 1,498,782 Customer deposits 619,486 121,989 120,500 55,327 1,042 — 918,344 Central banks and credit institutions 156,257 35,152 44,314 37,600 53,063 (125,197) 201,189 Marketable debt securities 73,629 38,061 23,461 36,710 74,302 — 246,163 Other financial liabilities C 38,706 14,652 40,490 1,397 430 — 95,675 Other liabilities accounts D 10,929 6,194 8,610 4,565 7,113 — 37,411 Total equity 44,868 28,686 20,430 12,406 79,517 (88,854) 97,053 Other customer funds under management 114,698 13,949 57,428 852 — — 186,927 Investment funds 82,641 12,112 51,234 — — — 145,987 Pension funds 15,994 84 — — — — 16,078 Assets under management 16,063 1,753 6,194 852 — — 24,862 Other non-managed marketed customer funds 25,572 20,213 103 2,497 — — 48,385 A. Including Trading derivatives and Equity instruments. B. Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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. EUR million 2020 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 909,304 223,797 238,746 137,155 182,587 (183,339) 1,508,250 Loans and advances to customers 563,581 120,571 113,745 113,258 5,044 — 916,199 Cash, balances at central banks and credit institutions and other deposits on demand 180,245 28,666 43,154 12,058 61,174 (99,501) 225,796 Debt securities 81,271 38,403 49,304 5,659 1,917 — 176,554 Other financial assets A 48,313 15,439 17,342 30 1,645 — 82,769 Other asset accounts B 35,894 20,718 15,201 6,150 112,807 (83,838) 106,932 Total liabilities 866,949 199,789 218,927 124,720 106,044 (99,501) 1,416,928 Customer deposits 582,353 102,924 111,808 51,399 826 — 849,310 Central banks and credit institutions 133,973 38,071 42,049 32,046 38,041 (99,501) 184,679 Marketable debt securities 84,201 36,583 21,280 35,965 57,240 — 235,269 Other financial liabilities C 54,634 16,182 35,456 1,370 493 — 108,135 Other liabilities accounts D 11,788 6,029 8,334 3,940 9,444 — 39,535 Total equity 42,355 24,008 19,819 12,435 76,543 (83,838) 91,322 Other customer funds under management 99,301 12,501 55,965 475 12 — 168,254 Investment funds 71,239 10,864 49,850 — 12 — 131,965 Pension funds 15,487 90 — — — — 15,577 Assets under management 12,575 1,547 6,115 475 — — 20,712 Other non-managed marketed customer funds 21,913 15,920 72 658 — — 38,563 A. Including 'Trading derivatives' and 'Equity instruments'. B. Including 'Hedging derivatives', 'Changes in the fair value of hedged items in portfolio hedges of interest risk', 'Investments in joint ventures and associated entities'', 'Assets under insurance or reinsurance contracts', 'Tangible assets', 'Intangible assets', 'Tax assets', other assets and non-current assets held for sale. C. Including Trading derivatives, Short positions and Other financial liabilities. D. 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: EUR million 2022 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate centre Total Net interest income 12,565 9,705 12,979 4,022 (652) 38,619 Net fee income 4,493 1,958 4,515 843 (19) 11,790 Gains (losses) on financial transactions A 821 204 1,291 60 (723) 1,653 Other operating income B 151 449 (761) 344 (91) 92 Total income 18,030 12,316 18,024 5,269 (1,485) 52,154 Administrative expenses, depreciation and amortisation (8,523) (5,871) (6,675) (2,462) (372) (23,903) Net operating income C 9,507 6,445 11,349 2,807 (1,857) 28,251 Net loan-loss provisions D (2,396) (2,538) (5,041) (544) 10 (10,509) Other gains (losses) and provisions E (1,629) (118) (544) (27) (174) (2,492) Operating profit/(loss) before tax 5,482 3,789 5,764 2,236 (2,021) 15,250 Tax on profit (1,492) (869) (1,549) (549) (27) (4,486) Profit from continuing operations 3,990 2,920 4,215 1,687 (2,048) 10,764 Net profit from discontinued operations — — — — — — Consolidated profit 3,990 2,920 4,215 1,687 (2,048) 10,764 Non-controlling interests 179 43 557 379 1 1,159 Attributable profit to the parent 3,811 2,877 3,658 1,308 (2,049) 9,605 A. 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. B. 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. C. '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. D. '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 27 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. E. 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 27 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. EUR million 2021 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 10,574 8,072 11,307 4,041 (624) 33,370 Net fee income 4,344 1,644 3,721 821 (28) 10,502 Gains (losses) on financial transactions A 756 224 716 8 (141) 1,563 Other operating income B 260 914 (407) 229 (27) 969 Total income 15,934 10,854 15,337 5,099 (820) 46,404 Administrative expenses, depreciation and amortisation (8,318) (4,967) (5,379) (2,405) (346) (21,415) Net operating income C 7,616 5,887 9,958 2,694 (1,166) 24,989 Net loan-loss provisions D (2,293) (1,210) (3,251) (527) (155) (7,436) Other gains (losses) and provisions E (1,290) (145) (474) (194) (190) (2,293) Operating profit/(loss) before tax 4,033 4,532 6,233 1,973 (1,511) 15,260 Tax on profit (1,212) (1,016) (2,360) (464) (24) (5,076) Profit from continuing operations 2,821 3,516 3,873 1,509 (1,535) 10,184 Net profit from discontinued operations — — — — — — Consolidated profit 2,821 3,516 3,873 1,509 (1,535) 10,184 Non-controlling interests 71 556 556 345 2 1,530 Attributable profit to the parent 2,750 2,960 3,317 1,164 (1,537) 8,654 A. 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. B. 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. C. '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. D. '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 an addition of EUR 29 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. E. 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 an addition of EUR 29 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. EUR million 2020 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,518 8,394 10,710 4,014 (642) 31,994 Net fee income 4,000 1,684 3,589 771 (29) 10,015 Gains (losses) on financial transactions A 868 251 765 16 287 2,187 Other operating income B (106) 628 (209) 116 (25) 404 Total income 14,280 10,957 14,855 4,917 (409) 44,600 Administrative expenses, depreciation and amortisation (8,275) (4,677) (5,357) (2,329) (329) (20,967) Net operating income C 6,005 6,280 9,498 2,588 (738) 23,633 Net loan-loss provisions D (3,345) (3,917) (3,924) (957) (31) (12,174) Other gains (losses) and provisions E (970) (132) (320) 49 (412) (1,785) Operating profit/(loss) before tax 1,690 2,231 5,254 1,680 (1,181) 9,674 Tax on profit (476) (550) (1,918) (421) (151) (3,516) Profit from continuing operations 1,214 1,681 3,336 1,259 (1,332) 6,158 Net profit from discontinued operations — — — — — — Consolidated profit 1,214 1,681 3,336 1,259 (1,332) 6,158 Non-controlling interests 78 261 437 301 — 1,077 Attributable profit to the parent 1,136 1,420 2,899 958 (1,332) 5,081 A. 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. B. 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. C. '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. D. '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 an addition 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. E. 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 an addition 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. The condensed income statements are as follows: EUR million 2022 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance PagoNxt Corporate centre Total Net interest income 34,880 3,544 825 22 (652) 38,619 Net fee income 7,650 1,988 1,291 881 (19) 11,790 Gains (losses) on financial transactions A 435 1,833 123 (14) (723) 1,653 Other operating income B (280) 31 369 64 (91) 92 Total income 42,685 7,396 2,608 953 (1,485) 52,154 Administrative expenses, depreciation and amortisation (18,568) (2,898) (1,041) (1,024) (372) (23,903) Net operating income C 24,117 4,498 1,567 (71) (1,857) 28,251 Net loan-loss provisions D (10,210) (251) (14) (44) 10 (10,509) Other gains (losses) and provisions E (2,135) (131) (26) (26) (174) (2,492) Operating profit/(loss) before tax 11,772 4,116 1,527 (141) (2,021) 15,250 Tax on profit (2,931) (1,119) (347) (63) (27) (4,486) Profit/(loss) from continuing operations 8,841 2,997 1,180 (204) (2,048) 10,764 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,841 2,997 1,180 (204) (2,048) 10,764 Non-controlling interests 895 192 60 12 1 1,159 Attributable profit/(loss) to the parent 7,946 2,805 1,120 (216) (2,049) 9,605 A. 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. B. 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. C. 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. D. 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 an addition of EUR 27 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. E. 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 an addition of EUR 27 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. EUR million 2021 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 30,595 2,921 477 1 (624) 33,370 Net fee income 7,045 1,744 1,248 493 (28) 10,502 Gains (losses) on financial transactions A 839 766 100 (1) (141) 1,563 Other operating income B 390 188 416 2 (27) 969 Total income 38,869 5,619 2,241 495 (820) 46,404 Administrative expenses, depreciation and amortisation (17,102) (2,380) (914) (673) (346) (21,415) Net operating income C 21,767 3,239 1,327 (178) (1,166) 24,989 Net loan-loss provisions D (7,082) (151) (38) (10) (155) (7,436) Other gains (losses) and provisions E (2,053) (17) 6 (39) (190) (2,293) Operating profit/(loss) before tax 12,632 3,071 1,295 (227) (1,511) 15,260 Tax on profit (3,898) (821) (309) (24) (24) (5,076) Profit/(loss) from continuing operations 8,734 2,250 986 (251) (1,535) 10,184 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,734 2,250 986 (251) (1,535) 10,184 Non-controlling interests 1,345 137 44 2 2 1,530 Attributable profit/(loss) to the parent 7,389 2,113 942 (253) (1,537) 8,654 A. 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. B. 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. C. 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. D. 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 29 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. E. 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 29 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. EUR million 2020 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 29,401 2,842 394 (1) (642) 31,994 Net fee income 6,986 1,542 1,154 362 (29) 10,015 Gains (losses) on financial transactions A 1,132 670 99 (1) 287 2,187 Other operating income B (153) 202 383 (3) (25) 404 Total income 37,366 5,256 2,030 357 (409) 44,600 Administrative expenses, depreciation and amortisation (17,285) (2,038) (872) (443) (329) (20,967) Net operating income C 20,081 3,218 1,158 (86) (738) 23,633 Net loan-loss provisions D (11,633) (470) (28) (12) (31) (12,174) Other gains (losses) and provisions E (1,238) (134) 1 (2) (412) (1,785) Operating profit/(loss) before tax 7,210 2,614 1,131 (100) (1,181) 9,674 Tax on profit (2,328) (750) (272) (15) (151) (3,516) Profit/(loss) from continuing operations 4,882 1,864 859 (115) (1,332) 6,158 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 4,882 1,864 859 (115) (1,332) 6,158 Non-controlling interests 921 118 37 1 — 1,077 Attributable profit/(loss) to the parent 3,961 1,746 822 (116) (1,332) 5,081 A. 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. B. 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. C. 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. D. 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. E. 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 tables below reconcile the underlying basis results to the statutory results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described. Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled. EUR million 2022 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 38,619 — 38,619 Net fee income 11,790 — 11,790 Gains (losses) on financial transactions A 1,653 — 1,653 Other operating income B 92 (37) 55 Total income 52,154 (37) 52,117 Administrative expenses, depreciation and amortisation (23,903) — (23,903) Net operating income C 28,251 (37) 28,214 Net loan-loss provisions D (10,509) (327) (10,836) Other gains (losses) and provisions E (2,492) 364 (2,128) Operating profit/(loss) before tax 15,250 — 15,250 Tax on profit (4,486) — (4,486) Adjusted profit for the year from continuing operations 10,764 — 10,764 Profit from discontinued operations (net) — — — Consolidated profit/(loss) 10,764 — 10,764 Non-controlling interests (1,159) — (1,159) Attributable profit/(loss) to the parent 9,605 — 9,605 A. 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. B. 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. C. 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. D. 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 27 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. E. 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 27 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. EUR million 2021 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 33,370 — 33,370 Net fee income 10,502 — 10,502 Gains (losses) on financial transactions A 1,563 — 1,563 Other operating income B 969 — 969 Total income 46,404 — 46,404 Administrative expenses, depreciation and amortisation (21,415) — (21,415) Net operating income C 24,989 — 24,989 Net loan-loss provisions D (7,436) — (7,436) Other gains (losses) and provisions E (2,293) (713) (3,006) Operating profit/(loss) before tax 15,260 (713) 14,547 Tax on profit (5,076) 182 (4,894) Adjusted profit for the year from continuing operations 10,184 (531) 9,653 Profit from discontinued operations (net) — — — Consolidated profit/(loss) 10,184 (531) 9,653 Non-controlling interests (1,530) 1 (1,529) Attributable profit/(loss) to the parent 8,654 (530) 8,124 A. 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. B. 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. C. 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. D. 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 an addition of EUR 29 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. E. 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 an addition of EUR 29 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 EUR million 2020 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 31,994 — 31,994 Net fee income 10,015 — 10,015 Gains (losses) on financial transactions A 2,187 — 2,187 Other operating income B 404 (321) 83 Total income 44,600 (321) 44,279 Administrative expenses, depreciation and amortisation (20,967) (163) (21,130) Net operating income C 23,633 (484) 23,149 Net loan-loss provisions D (12,174) (258) (12,432) Other gains (losses) and provisions E (1,785) (11,008) (12,793) Operating profit/(loss) before tax 9,674 (11,750) (2,076) Tax on profit (3,516) (2,116) (5,632) Adjusted profit for the year from continuing operations 6,158 (13,866) (7,708) Profit from discontinued operations (net) — — — Consolidated profit/(loss) 6,158 (13,866) (7,708) Non-controlling interests 1,077 (14) 1,063 Attributable profit/(loss) to the parent 5,081 (13,852) (8,771) A. 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. B. 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. C. 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. D. 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 an addition 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. E. 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 an addition 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, 2022 | |
Related party transactions [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 recognized. EUR million 2022 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 10,257 — 13 455 Cash, cash balances at central banks and other deposits on demand 227 — — — Loans and advances: credit institutions 489 — — — Loans and advances: customers 8,822 — 13 455 Debt securities 463 — — — Others 256 — — — Liabilities 3,611 11 11 109 Financial liabilities: credit institutions 938 — — — Financial liabilities: customers 2,301 11 11 109 Marketable debt securities — — — — Others 372 — — — Income statement 1,357 — — 2 Interest income 189 — — 1 Interest expense (60) — — — Gains/losses on financial assets and liabilities and others (225) — — — Commission income 1,541 — — 1 Commission expense (88) — — — Other 3,535 2 2 79 Financial guarantees granted and Others 11 1 1 23 Loan commitments and Other commitments granted 201 1 1 13 Derivative financial instruments 3,323 — — 43 EUR million 2021 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,386 — 14 384 Cash, cash balances at central banks and other deposits on demand 131 — — — Loans and advances: credit institutions 437 — — — Loans and advances: customers 8,148 — 14 384 Debt securities 496 — — — Others 174 — — — Liabilities 3,405 8 11 197 Financial liabilities: credit institutions 867 — — — Financial liabilities: customers 2,464 8 11 197 Marketable debt securities — — — — Others 74 — — — Income statement 1,265 — — 1 Interest income 90 — — 1 Interest expense (13) — — — Gains/losses on financial assets and liabilities and others (32) — — — Commission income 1,268 — — — Commission expense (48) — — — Other 3,965 2 2 76 Financial guarantees granted and Others 11 1 1 17 Loan commitments and Other commitments granted 314 1 1 13 Derivative financial instruments 3,640 — — 46 EUR million 2020 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 8,473 — 24 95 Cash, cash balances at central banks and other deposits on demand 151 — — — Loans and advances: credit institutions 562 — — — Loans and advances: customers 6,934 — 24 95 Debt securities 423 — — — Others 403 — — — Liabilities 3,593 4 16 159 Financial liabilities: credit institutions 944 — — — Financial liabilities: customers 2,557 4 16 159 Marketable debt securities 12 — — — Others 80 — — — Income statement 1,269 — — 3 Interest income 106 — — 2 Interest expense (8) — — — Gains/losses on financial assets and liabilities and others 49 — — — Commission income 1,154 — — 1 Commission expense (32) — — — Other 4,097 1 1 52 Financial guarantees granted and Others 14 — — 3 Loan commitments and Other commitments granted 253 1 1 13 Derivative financial instruments 3,830 — — 36 |
Risk management (Tables)
Risk management (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Risk Management [Abstract] | |
Disclosure of main credit risk aggregates arising on customer business | Following are the main aggregates relating to credit risk from our activities with customers: Main credit risk performance metrics from activity with customers A December data Credit risk with customers B Credit impaired loans NPL ratio (%) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Europe 639,996 636,123 606,997 15,186 19,822 20,272 2.37 3.12 3.34 Spain 293,197 283,953 272,154 9,598 13,403 14,053 3.27 4.72 5.16 UK 253,455 262,869 252,255 3,059 3,766 3,138 1.21 1.43 1.24 Portugal 41,755 41,941 40,693 1,247 1,442 1,584 2.99 3.44 3.89 Poland 33,350 33,497 31,578 1,268 1,210 1,496 3.80 3.61 4.74 North America 185,614 149,792 131,626 5,629 3,632 2,938 3.03 2.42 2.23 US 140,452 112,808 99,135 4,571 2,624 2,025 3.25 2.33 2.04 Mexico 45,107 36,984 32,476 1,047 1,009 913 2.32 2.73 2.81 South America 167,348 141,874 129,590 10,381 6,387 5,688 6.20 4.50 4.39 Brazil 101,801 85,702 74,712 7,705 4,182 3,429 7.57 4.88 4.59 Chile 47,811 41,479 42,826 2,384 1,838 2,051 4.99 4.43 4.79 Argentina 5,844 5,481 4,418 122 198 93 2.08 3.61 2.11 Digital Consumer Bank 125,339 116,989 116,381 2,583 2,490 2,525 2.06 2.13 2.17 Corporate Centre 5,824 6,337 4,862 894 903 344 15.35 14.38 7.08 Total Group 1,124,121 1,051,115 989,456 34,673 33,234 31,767 3.08 3.16 3.21 A. Management perimeter according to the reported segments B. 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 four categories according to Standard & Poor's rating scale: Exposure and impairment losses by stage EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 172,440 1,506 — 173,946 From A+ to BB 394,084 10,601 — 404,685 From BB- to B- 272,456 32,653 — 305,109 CCC and below 11,799 21,436 32,608 65,843 Total exposure B 850,779 66,196 32,608 949,583 Impairment losses C 3,807 5,195 13,852 22,854 Exposure and impairment losses by stage EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 188,434 1,844 — 190,278 From A+ to BB 377,008 11,954 — 388,962 From BB- to B- 233,779 44,292 — 278,071 CCC and below 3,746 11,878 30,711 46,335 Total exposure B 802,967 69,968 30,711 903,646 Impairment losses C 4,149 5,103 12,873 22,125 Exposure and impairment losses by stage EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 110,536 1,512 — 112,048 From A+ to BB 378,982 7,612 — 386,594 From BB- to B- 273,443 42,313 — 315,756 CCC and below 3,073 13,525 30,436 47,034 Total exposure B 766,034 64,962 30,436 861,432 Impairment losses C 4,458 5,461 13,503 23,422 A. Detail of credit quality ratings calculated for Group management purposes. B. Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality: Exposure and impairment losses by stage EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 85,930 827 — 86,757 From A+ to BB 118,585 7,547 — 126,132 From BB- to B- 16,831 11,093 — 27,924 CCC and below 220 978 3,059 4,257 Total exposure B 221,566 20,445 3,059 245,070 Impairment losses C 166 529 337 1,032 Exposure and impairment losses by stage EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 97,388 1,015 — 98,403 From A+ to BB 113,030 8,074 — 121,104 From BB- to B- 13,063 10,657 — 23,720 CCC and below — 943 3,508 4,451 Total exposure B 223,481 20,689 3,508 247,678 Impairment losses C 135 372 460 967 Exposure and impairment losses by stage EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 41,757 111 — 41,868 From A+ to BB 142,308 2,116 — 144,424 From BB- to B- 34,965 16,814 — 51,779 CCC and below — — 3,229 3,229 Total exposure B 219,030 19,041 3,229 241,300 Impairment losses C 223 557 668 1,448 A. Detail of credit quality ratings calculated for Group management purposes. B. Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. C. Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 37,133 447 — 37,580 From A+ to BB 107,667 282 — 107,949 From BB- to B- 46,296 6,388 — 52,684 CCC and below 253 5,234 8,893 14,380 Total exposure B 191,349 12,351 8,893 212,593 Impairment losses C 507 666 3,472 4,645 Exposure and impairment losses by stage EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 43,978 352 — 44,330 From A+ to BB 109,142 555 — 109,697 From BB- to B- 33,104 11,716 — 44,820 CCC and below 129 3,024 12,761 15,914 Total exposure B 186,353 15,647 12,761 214,761 Impairment losses C 422 580 5,005 6,007 Exposure and impairment losses by stage EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 38,656 1,199 — 39,855 From A+ to BB 108,336 318 — 108,654 From BB- to B- 40,294 6,533 — 46,827 CCC and below 336 5,008 13,762 19,106 Total exposure B 187,622 13,058 13,762 214,442 Impairment losses C 479 732 5,277 6,488 A. Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business B. Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. C. Includes provisions for undrawn authorized lines (loan commitments). The detail of Santander Bank, National Association exposure and impairment losses associated with each of the stages at 31 December, 2022, 2021 and 2020, is shown below. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality: Exposure and impairment losses by stage EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 6,884 145 — 7,029 From A+ to BB 20,768 366 — 21,134 From BB- to B- 30,359 2,225 — 32,584 CCC and below 308 558 459 1,325 Total exposure B 58,319 3,294 459 62,072 Impairment losses C 392 241 74 707 Exposure and impairment losses by stage EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 8,811 124 — 8,935 From A+ to BB 29,379 1,033 — 30,412 From BB- to B- 12,193 2,756 — 14,949 CCC and below 19 361 477 857 Total exposure B 50,402 4,274 477 55,153 Impairment losses C 263 314 45 622 Exposure and impairment losses by stage EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 3,284 48 — 3,332 From A+ to BB 14,821 1,730 — 16,551 From BB- to B- 24,350 2,459 — 26,809 CCC and below 30 518 403 951 Total exposure B 42,485 4,755 403 47,643 Impairment losses C 344 316 42 702 A. Detail of credit quality ratings calculated for Group management purposes. B. Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. C. Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses by stage EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- — — — — From A+ to BB 171 — — 171 From BB- to B- 14,564 512 — 15,076 CCC and below 7,735 5,108 3,870 16,713 Total exposure B 22,470 5,620 3,870 31,960 Impairment losses C 672 1,232 1,452 3,356 Exposure and impairment losses by stage EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 417 4 — 421 From A+ to BB 800 35 — 835 From BB- to B- 18,655 5,930 — 24,585 CCC and below 222 1,931 1,658.00 3,811 Total exposure B 20,094 7,900 1,658 29,652 Impairment losses C 524 1,741 572 2,837 Exposure and impairment losses by stage EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 359 3 — 362 From A+ to BB 1,330 9 — 1,339 From BB- to B- 20,585 2,694 — 23,279 CCC and below 905 2,137 1,019 4,061 Total exposure B 23,179 4,843 1,019 29,041 Impairment losses C 911 1,820 726 3,457 A. Detail of credit quality ratings calculated for Group management purposes. B. Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. C. Includes provisions for undrawn authorized lines (loan commitments). Exposure and impairment losses EUR million 2022 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 18,033 41 — 18,074 From A+ to BB 35,902 342 — 36,244 From BB- to B- 31,269 3,195 — 34,464 CCC and below 432 4,547 7,705 12,684 Total exposure B 85,636 8,125 7,705 101,466 Impairment losses C 575 1,219 4,334 6,128 Exposure and impairment losses EUR million 2021 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 22,555 296 — 22,851 From A+ to BB 24,003 280 — 24,283 From BB- to B- 27,040 2,241 — 29,281 CCC and below 1,542 2,544 4,182 8,268 Total exposure B 75,140 5,361 4,182 84,683 Impairment losses C 1,232 909 2,510 4,651 Exposure and impairment losses EUR million 2020 Credit quality A Stage 1 Stage 2 Stage 3 Total From AAA to AA- 13,226 97 — 13,323 From A+ to BB 25,460 112 — 25,572 From BB- to B- 25,180 2,946 — 28,126 CCC and below 986 2,996 3,429 7,411 Total exposure B 64,852 6,151 3,429 74,432 Impairment losses C 971 776 2,132 3,879 A. Detail of credit quality ratings calculated for Group management purposes. B. Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. C. Includes provisions for undrawn authorized lines (loan commitments). |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted in 2022 for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below: 2023 - 2027 Variables Pessimistic scenario 3 Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario 1 Interest rate 4.3 % 3.0 % 2.7 % 3.1 % 2.8 % Unemployment rate 6.0 % 7.3 % 5.5 % 4.6 % 4.4 % Housing price change -4.4 % -4.6 % -3.5 % -0.4 % -0.7 % GDP growth -0.4 -0.5 % -0.2 % 0.7 % 1.2 % 2023-2027 Variables Pessimistic scenario Base scenario Optimistic scenario Interest rate 2.6 % 2.3 % 2.0 % Unemployment rate 16.6 % 12.2 % 10.7 % Housing price change 2.3 % 3.3 % 3.8 % GDP growth 0.5 % 2.0 % 3.3 % 2023 - 2027 Variables Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario Interest rate (annual averaged) 2.5 % 2.9 % 3.4 % 3.2 % Unemployment rate 6.0 % 4.6 % 4.1 % 3.4 % House price change -1.5 % -0.9 % 0.1 % 1.7 % GDP growth 1.8 % 2.1 % 1.6 % 2.8 % The evolution forecasted in 2022 for a period of five years of the main macroeconomic indicators used by in Santander Consumer USA Holdings Inc in the estimation of expected losses is shown below: 2023 - 2027 Variables Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario Interest rate (annual averaged) 2.5 % 2.9 % 3.4 % 3.2 % Unemployment rate 6.0 % 4.6 % 4.1 % 3.4 % House price change -1.5 % -0.9 % 0.1 % 1.7 % GDP growth 1.8 % 2.1 % 1.6 % 2.8 % Manheim A index -3.6 % -3.6 % -3.6 % -3.6 % A. US used vehicle price car index. 2023-2027 Variables Pessimistic scenario Base scenario Optimistic scenario Interest rate (annual averaged) 12.6 % 8.6 % 6.4 % Unemployment rate 15.2 % 11.1 % 7.6 % House price change 0.6 % 2.8 % 7.9 % GDP growth -0.8 % 1.1 % 3.3 % Burden income 33.2 % 30.0 % 23.9 % |
Schedule of weights used for current political and economic positions | In addition, at 31 December 2022, 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: 2022 2021 2020 Pessimistic scenario 3 20 % 5 % 10 % Pessimistic scenario 2 10 % 20 % 25 % Pessimistic scenario 1 15 % 25 % 15 % Base scenario 50 % 45 % 45 % Optimistic scenario 1 5 % 5 % 5 % 2022 2021 2020 Pessimistic scenario 30 % 30 % 30 % Base scenario 40 % 40 % 40 % Optimistic scenario 1 30 % 30 % 30 % 2022 2021 2020 Pessimistic scenario 2 18 % 18 % 18 % Pessimistic scenario 1 20 % 20 % 20 % Base scenario 33 % 33 % 33 % Optimistic scenario 30 % 30 % 30 % Each of the macroeconomic scenarios is associated with a given weight. 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: 2022 2021 2020 Pessimistic scenario 2 18 % 18 % 18 % Pessimistic scenario 1 20 % 20 % 20 % Base scenario 33 % 33 % 33 % Optimistic scenario 30 % 30 % 30 % 2022 2021 2020 Pessimistic scenario 10 % 10 % 10 % Base scenario 80 % 80 % 80 % Optimistic scenario 10 % 10 % 10 % |
Disclosure of sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2022, is as follows: Change in Provision Mortgages Corporates GDP Growth -100 bp 18.9 % 7.1 % 100 bp -8.1 % -4.0 % Housing price change -100 bp 10.1 % 10.2 % 100 bp -6.0 % -12.0 % Unemployment rate -100 bp -10.8 % -5.4 % 100 bp 27.2 % 10.5 % The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is as follows: Change in Provision Mortgages Corporates Others GDP Growth -100 bp 10.9 % 4.7 % 3.9 % 100 bp -5.4 % -2.9 % -2.7 % Housing price change -100 bp 4.4 % 2.6 % 3.4 % 100 bp -3.6 % -2.0 % -2.3 % The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2022 is as follows: Change in Provision Mortgages Corporates GDP Growth -100 bp 7.7% 18.1% 100 bp -5.5% -8.2% Housing price change -100 bp 12.8% 20.3% 100 bp -6.1% -9.5% Unemployment rate -100 bp -22.8% -33.6% 100 bp 29.0% 48.0% The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2022 is as follows: Change in provision SC Auto Manheim index -100 bp 2.4% 100 bp -2.2% Unemployment Rate -100 bp -2.6% 100 bp 2.8% House Price Change -100 bp 1.3% 100 bp -0.8% GDP growth -100 bp 1.6% 100 bp -0.9% The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2022 as follows: Change in provision Consumer Corporate Other GDP growth -100 bp 0.7 % 3.2 % 1.7 % 100 bp -0.3 % -1.0 % -0.9 % Burden income -100 bp -0.5 % -1.4 % -1.5 % 100 bp 1.1 % 8.9 % 3.8 % Interest rate (SELIC) -100 bp -0.2 % -1.5 % -0.4 % 100 bp 0.9 % 5.6 % 2.4 % |
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 recognized: EUR thousand 2022 2021 Loans and credits Guarantees Total Loans and credits Guarantees Total Mrs Ana Botín-Sanz de Sautuola y O´Shea 20 — 20 25 — 25 Mr José Antonio Álvarez Álvarez 7 — 7 4 — 4 Mr Bruce Carnegie-Brown — — — — — — Mr Javier Botín-Sanz de Sautuola y O´Shea 23 — 23 16 — 16 Mrs Sol Daurella Comadrán 49 — 49 69 — 69 Mrs Belén Romana García 1 — 1 — — — Mr Ramiro Mato García-Ansorena — — — — — — Mrs Homaira Akbari — — — — — — Mr Álvaro Cardoso de Souza — — — — — — Mr Henrique de Castro — — — — — — Mrs Pamela Ann Walkden — — — — — — Mr Luis Isasi Fernández de Bobadilla — — — — — — Mr Sergio Agapito Lires Rial 5 — 5 1 — 1 Mr R. Martín Chávez Márquez — — — — — — Mrs Gina Lorenza Díez Barroso — — — — — — Mr Germán de la Fuente Escamilla — — — — — — 105 — 105 115 — 115 2022 EUR Million Gross amount Of which: impaired Home purchase loans to families 63,688 1,088 Without mortgage guarantee 288 24 With mortgage guarantee 63,400 1,064 2021 EUR Million Gross amount Of which: impaired Home purchase loans to families 62,324 1,860 Without mortgage guarantee 419 115 With mortgage guarantee 61,905 1,745 2020 EUR Million Gross amount Of which: impaired Home purchase loans to families 59,605 1,850 Without mortgage guarantee 387 75 With mortgage guarantee 59,218 1,775 2022 EUR Million Gross amount Excess of gross exposure over maximum recoverable amount of effective collateral Specific allowance Financing for construction and property development (including land) (business in Spain) 2,327 211 44 Of which impaired 94 21 33 Memorandum items written-off assets 487 — — Memorandum items: Data from the public consolidated balance sheet 2022 EUR Million Carrying amount Total loans and advances to customers excluding the Public sector (business in Spain) (Book value) 250,702 Total consolidated assets (Total business) (Book value) 1,734,659 Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) 1,311 The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2022: 2022 EUR Million Gross carrying amount Valuation adjustments Of which impairment losses on assets since time of foreclosure Net Carrying amount Property assets arising from financing provided to construction and property development companies 5,587 3,097 2,275 2,490 Of which: Completed buildings 1,456 713 583 743 Residential 341 157 127 184 Other 1,115 556 456 559 Buildings under construction 92 44 32 48 Residential 25 7 4 18 Other 67 37 28 30 Land 4,039 2,340 1,660 1,699 Developed land 1,286 689 415 597 Other land 2,753 1,651 1,245 1,102 Property assets from home purchase mortgage loans to households 659 274 190 385 Other foreclosed property assets 176 80 61 96 Total property assets 6,422 3,451 2,526 2,971 2022 2021 Portfolio Country Financial assets designated at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at amortized cost Non-trading financial assets mandatorily at fair value through profit or loss Total net direct exposure Total net direct Spain 2,666 240 26,189 — 29,095 19,557 Portugal (299) 2,005 3,750 — 5,456 6,544 Italy (1,055) 301 8,169 — 7,415 884 Greece — — — — — — Ireland — — — — — 9 Rest Eurozone 205 789 4,657 — 5,651 3,629 UK 53 315 1,738 — 2,106 366 Poland 4 7,754 957 — 8,715 11,293 Rest of Europe (7) 14 125 — 132 1,368 US 3,503 8,938 10,857 — 23,298 22,469 Brazil 8,017 9,969 5,742 — 23,728 28,559 Mexico 2,627 11,303 3,376 — 17,306 13,509 Chile 175 818 5,492 — 6,485 6,071 Rest of America 123 1,211 630 — 1,964 1,425 Rest of the World 1 2,012 1,529 — 3,542 3,337 TOTAL 16,013 45,669 73,211 — 134,893 119,020 Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2022 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 6,679 227 31 7 2 — 6 Other financial institutions and: individual shareholder 1,210 321 785 339 88 86 61 Non-financial institutions and individual shareholder 312,934 9,578 60,003 8,419 4,790 1,834 3,912 Of which financing for constructions and property development 15,578 125 1,890 570 423 48 208 Other warehouses 5,878,455 5,790 492,232 9,492 4,835 3,502 4,287 Total 6,199,278 15,916 553,051 18,257 9,715 5,422 8,266 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2022 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 Gross amount Real estate guarantee Rest of real guarantees Credit entities — — — — — — — Public sector 7 2 13 5 2 — 5 Other financial institutions and: individual shareholder 641 9 620 135 22 6 55 Non-financial institutions and individual shareholder 174,300 3,178 39,479 4,890 2,741 886 3,439 Of which financing for constructions and property development 10,325 78 1,255 335 213 33 188 Other warehouses 3,735,412 2,911 246,751 4,055 1,917 910 3,122 Total 3,910,360 6,100 286,863 9,085 4,682 1,802 6,621 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — Risk metric values on the consolidated balance sheet EUR million Main market risk metric Balance sheet amount VaR Other Main risk factor for 'Other' balance Assets subject to market risk Cash, cash balances at central banks and other deposits on demand 223,073 223,073 Interest rate Financial assets held for trading 156,118 156,118 Non-trading financial assets mandatorily at fair value through profit or loss 5,713 3,711 2,002 Interest rate, spread Financial assets designated at fair value through profit or loss 8,989 815 8,174 Interest rate, spread Financial assets designated at fair value through other comprehensive income 85,239 1,941 83,298 Interest rate, spread Financial assets at amortized cost 1,147,044 1,147,044 Interest rate, spread Hedging derivatives 8,069 8,069 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest risk (3,749) (3,749) Interest rate Other assets 104,163 Total assets 1,734,659 Liabilities subject to market risk Financial liabilities held for trading 115,185 115,185 Financial liabilities designated at fair value through profit or loss 55,947 55,947 Interest rate, spread Financial liabilities at amortized cost 1,423,858 1,423,858 Interest rate, spread Hedging derivatives 9,228 9,228 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest rate risk (117) (117) Interest rate Other liabilities 32,973 Total liabilities 1,637,074 Equity 97,585 |
Disclosure of concentrations | At year-end, the distribution of this portfolio was as follows: 2022 EUR Million Loans: gross amount 1. Without mortgage guarantee 43 2. With mortgage guarantee 2,285 2.1 Completed buildings 1,138 2.1.1 Residential 674 2.1.2 Other 464 2.2 Buildings and other constructions under construction 1,110 2.2.1 Residential 1,103 2.2.2 Other 7 2.3 Land 37 2.3.1 Developed consolidated land 25 2.3.2 Other land 12 Total 2,328 The detail, by activity and geographical area of the Group's risk concentration at 31 December 2022 is as follows: EUR million 2022 A Total Spain Other EU countries America Rest of the world Central banks and Credit institutions 367,620 98,405 61,138 119,005 89,072 Public sector 177,063 41,871 37,936 89,458 7,798 Of which: Central government 151,300 30,209 34,681 79,016 7,394 Other central government 25,763 11,662 3,255 10,442 404 Other financial institutions (financial business activity) 152,881 15,271 45,092 54,232 38,286 Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose) 440,137 114,556 96,354 165,017 64,210 Of which: Construction and property development 22,797 3,278 3,569 8,149 7,801 Civil engineering construction 5,178 2,502 1,415 1,113 148 Large companies 267,976 53,355 56,243 111,912 46,466 SMEs and individual entrepreneurs 144,186 55,421 35,127 43,843 9,795 Households – other (broken down by purpose) 566,559 90,597 99,133 141,266 235,563 Of which: Residential 361,377 65,077 36,552 45,611 214,137 Consumer loans 185,097 17,074 60,497 90,609 16,917 Other purposes 20,085 8,446 2,084 5,046 4,509 Total 1,704,260 360,700 339,653 568,978 434,929 |
Schedule of changes in impairment losses on debt instruments | The changes in the impairment losses on debt securities are summarised below: EUR million 2022 2021 2020 Balance at beginning of year 215 284 474 Net impairment losses for the year A 16 28 79 Of which: Impairment losses charged to income 30 49 91 Impairment losses reversed with a credit to income (14) (21) (12) Exchange differences and other items (5) (97) (269) Balance at end of year 226 215 284 Of which: By geographical location of risk: European Union 26 25 21 Latin America 200 190 263 A. Of the EUR 16 million corresponding to net provisions for the year ended 31 December 2022 (EUR 28 million and EUR 79 million at 31 December 2021 and 2020, respectively), EUR 17 million relates to financial assets at amortized cost (EUR 31 million and EUR 77 million at 31 December 2021 and 2020, respectively) and EUR -1 million relates to financial assets designated at fair value through other comprehensive income (EUR -3 million and EUR 2 million at 31 December 2021 and 2020, respectively). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2022, 2021 and 2020: 2022 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,188 5,226 13,550 22,964 Transfers To stage 2 from stage 1 (713) 3,046 2,333 To stage 3 from stage 1 (557) 4,586 4,029 To stage 3 from stage 2 (1,802) 3,182 1,380 To stage 1 from stage 2 215 (894) (679) To stage 2 from stage 3 400 (933) (533) To stage 1 from stage 3 9 (161) (152) Net changes of the exposure and modifications in the credit risk 414 (1,056) 5,940 5,298 Write-offs — — (12,235) (12,235) FX and other movements 70 207 2 279 Loss allowance at the end of the year 3,626 5,127 13,931 22,684 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 The changes in gross property development loans to customers were as follows: EUR million 2022 2021 2020 Balance at beginning of year 2,625 2,871 2,939 Foreclosed assets — (1) (6) Reductions (295) (230) (24) Written-off assets (3) (15) (38) Balance at end of year 2,327 2,625 2,871 |
Maximum exposure limits based on credit quality | Our investment strategy for sovereign risk considers country’s credit quality to set the maximum exposure limits A : 2022 2021 2020 AAA 27 % 15 % 18 % AA 19 % 32 % 25 % A 34 % 26 % 25 % BBB 11 % 11 % 14 % Less than BBB 9 % 16 % 18 % A. Internal ratings are applied. |
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. It also shows the minimum and maximum VaR values in 2022 and 97.5% ES at the end of December 2022: VaR statistics and expected shortfall by risk factor A EUR million. VaR at 99% and ES at 97.5% with one day time horizon 2022 2021 2020 VaR (99%) ES (97.5%) VaR VaR Min Average Max Latest Latest Average Latest Average Latest Total Trading 9.2 14.1 21.5 11.6 10.8 10.5 12.3 12.5 8.3 Diversification effect (7.8) (14.6) (30.5) (15.5) (15.6) (12.9) (13.4) (13.0) (11.8) Interest rate 8.1 12.6 21.5 9.9 9.8 9.6 9.1 9.2 5.4 Equities 2.4 4.2 7.3 5.5 5.5 3.5 5.1 4.4 3.1 Exchange rate 2.5 4.8 10.3 3.6 3.2 4.2 5.7 5.9 6.0 Credit spread 3.4 5.4 8.5 5.8 4.9 4.8 5.1 5.5 4.5 Commodities 0.6 1.7 4.4 2.3 3.0 1.3 0.7 0.5 1.1 Total Europe 7.9 12.2 21.9 10.5 9.2 9.3 9.9 10.5 8.0 Diversification effect (5.1) (10.4) (16.8) (14.2) (12.0) (9.3) (12.6) (10.7) (8.9) Interest rate 5.5 10.2 18.4 10.1 7.8 7.7 7.1 7.9 6.5 Equities 2.2 3.6 5.8 5.5 5.5 3.3 5.8 4.3 3.0 Exchange rate 1.9 3.4 5.8 3.3 3.0 2.8 4.5 3.5 2.9 Credit spread 3.4 5.4 8.7 5.8 4.9 4.8 5.1 5.5 4.5 Commodities — — — — — — — — — Total North America 1.5 2.3 4.7 2.7 2.2 2.5 2.7 6.6 2.9 Diversification effect 0.7 (0.8) (4.0) (1.1) (1.3) (0.7) (0.6) (2.2) (1.0) Interest rate 0.7 2.2 5.7 2.7 2.4 2.5 2.7 3.4 3.3 Equities — 0.1 1.0 0.1 0.1 0.1 — 0.3 0.1 Exchange rate 0.1 0.8 2.0 1.0 1.0 0.6 0.6 5.1 0.5 Total South America 5.2 8.0 14.2 6.2 6.5 5.9 6.3 5.6 4.5 Diversification effect (1.3) (5.0) (19.8) (4.2) (4.4) (4.9) (5.1) (3.8) (5.4) Interest rate 4.5 7.0 14.9 5.5 5.7 5.5 5.8 5.2 4.1 Equities 0.7 1.6 4.8 1.7 1.6 1.2 1.1 1.0 0.5 Exchange rate 0.7 2.7 9.9 0.9 0.6 2.8 3.8 2.7 4.2 Commodities 0.6 1.7 4.4 2.3 3.0 1.3 0.7 0.5 1.1 A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality. In general, the structural VaR of Grupo Santander tota l assets and equity is minor . Structural VaR EUR million. Structural VaR 99% with a temporary horizon of one day. 2022 2021 2020 Min Average Max Latest Average Latest Average Latest Structural VaR 538.5 664.0 1,084.4 538.5 993.7 1,011.9 911.0 903.1 Diversification effect (323.5) (417.1) (489.5) (422.4) (327.3) (240.2) (349.8) (263.4) VaR Interest Rate A 266.2 350.8 577.0 304.5 400.7 287.8 465.1 345.5 VaR Exchange Rate 400.4 493.4 682.3 461.0 600.6 655.2 499.9 502.6 VaR Equities 195.4 236.9 314.6 195.4 319.7 309.1 295.9 318.5 A. Includes credit spread VaR on ALCO portfolios. |
Schedule of financial assets, financial liabilities, derivatives and loan commitments in reference to the IBOR reform | Following is a detail of the carrying amount at 31 December 2022 of financial assets, financial liabilities, derivatives and loan commitments that continue to be referenced to the pending transition ratios: EUR million Gross Carrying amount Loans and advances Debt securities acquired (Assets) Deposits Debt securities issued (Liabilities) Derivatives (Assets) Derivatives (Liabilities) Loan Commitments Referenced to LIBOR 24,641 3,229 9,150 6,931 12,897 12,385 1,211 of which USD 24,296 2,854 8,840 5,063 12,561 12,339 1,166 of which GBP 345 375 310 1,868 336 46 45 TOTAL 24,641 3,229 9,150 6,931 12,897 12,385 1,211 |
Disclosure of high quality liquid assets | Below is a breakdown of the composition of the Group's liquid assets under the criteria set out in the supervisory prudential reporting (Commission Implementing Regulation (EU) 2017/2114 of 9 November 2017) for the determination of high quality liquid assets for the calculation of the LCR ratio (HQLA): EUR million 2022 2021 Amount weighted applicable Amount weighted applicable High-quality liquid assets-HQLAs Cash and reserves available at central banks 127,285 206,507 Marketable assets Level 1 177,887 81,925 Marketable assets Level 2A 3,308 3,422 Marketable assets Level 2B 3,562 5,446 Total high-quality liquid assets 312,042 297,300 |
Disclosure of liquidity coverage ratio by component | The liquidity coverage ratio, broken down by component, and the net stable funding ratio for the Group at year-ends 2022 and 2021 are presented below: EUR million 2022 2021 High-quality liquid assets-HQLAs (numerator) 312,042 297,300 Total net cash outflows (denominator) 204,759 181,953 Cash outflows 270,748 233,294 Cash inflows 65,989 51,341 LCR ratio (%) 152 % 163 % NSFR ratio (%) 121 % 126 % |
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 2022 (EUR thousand million): Residual maturities of the liabilities Unmatured <=1month >1 month >3 months >1 year >2 years 3 years 5 years >10 years Total Committed assets 44.6 32.3 10.6 49.7 39.2 50.1 51.6 20.1 10.7 308.9 Guarantees received committed 29.2 37.5 13.3 21.4 0.6 1.3 1.0 — — 104.3 |
Schedule of on and off-balance sheet assets provided as security in transactions to obtain liquidity | The reported Group information as required by the EBA at 2022 year-end is as follows: On-balance-sheet encumbered assets EUR billion 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 197.3 1,143.5 Equity instruments 8.3 8.3 7.4 7.4 Debt securities 71.7 71.7 122.0 125.8 Other assets 31.6 152.8 Total assets 308.9 1,425.7 Encumbrance of collateral received EUR billion 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 104.3 29.4 Loans and advances 1.3 — Equity instruments 4.8 6.8 Debt securities 98.2 22.5 Other collateral received — 0.1 Own debt securities issued other than own covered bonds or ABSs — 0.5 Encumbered assets and collateral received and matching liabilities EUR billion 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 313.2 413.2 |
Schedule of regulatory capital | The key regulatory capital figures are indicated below: Reconciliation of accounting capital with regulatory capital EUR million 2022 2021 2020 Subscribed capital 8,397 8,670 8,670 Share premium account 46,273 47,979 52,013 Reserves 62,111 56,606 62,777 Treasury shares (675) (894) (69) Attributable profit 9,605 8,124 (8,771) Approved dividend C (979) (836) — Shareholders’ equity on public balance sheet 124,732 119,649 114,620 Valuation adjustments (35,628) (32,719) (33,144) Non-controlling interests 8,481 10,123 9,846 Total Equity on public balance sheet 97,585 97,053 91,322 Goodwill and intangible assets (17,272) (16,132) (15,711) Eligible preference shares and participating securities 8,831 10,050 9,102 Accrued dividend C (942) (895) (478) Other adjustments A (5,169) (7,624) (5,734) Tier 1 B 83,033 82,452 78,501 A. Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR. B. Figures calculated by applying the transitional provisions of IFRS 9. C. Assumes 20% of ordinary profit, see note 4.a for proposed distribution of results. Note: Certain figures presented in this capital note have been rounded for ease of presentation. Consequently, the amounts corresponding to the rows or columns of totals in the tables presented in this note may not coincide with the arithmetic sum of the concepts or items that make up the total. The following table shows the capital coefficients and a detail of the eligible internal resources of the Group: Capital coefficients EUR million 2022 2021 2020 Level 1 ordinary eligible capital (EUR million) 74,202 72,402 69,399 Level 1 additional eligible capital (EUR million) 8,831 10,050 9,102 Level 2 eligible capital (EUR million) 14,359 14,865 12,514 Risk-weighted assets (EUR million) 609,266 578,930 562,580 Level 1 ordinary capital coefficient (CET 1) 12.18 % 12.51 % 12.34 % Level 1 additional capital coefficient (AT1) 1.45 % 1.73 % 1.61 % Level 1 capital coefficient (TIER1) 13.63 % 14.24 % 13.95 % Level 2 capital coefficient (TIER 2) 2.36 % 2.57 % 2.23 % Total capital coefficient 15.99 % 16.81 % 16.18 % Eligible capital EUR million 2022 2021 2020 Eligible capital Common Equity Tier I 74,202 72,402 69,399 Capital 8,397 8,670 8,670 (-) Treasure shares and own shares financed (60) (966) (126) Share Premium 46,273 47,979 52,013 Reserves 62,246 58,157 64,766 Other retained earnings (37,439) (34,784) (34,937) Minority interests 7,416 6,736 6,669 Profit net of dividends 7,684 6,394 (9,249) Deductions (20,315) (19,784) (18,407) Goodwill and intangible assets (17,182) (16,064) (15,711) Others (3,133) (3,720) (2,696) Additional Tier I 8,831 10,050 9,102 Eligible instruments AT1 8,344 10,102 8,854 AT1-excesses-subsidiaries 487 (52) 248 Tier II 14,359 14,865 12,514 Eligible instruments T2 14,770 15,424 13,351 Gen. funds and surplus loans loss prov. IRB — 75 — T2-excesses - subsidiaries (411) (634) (837) Total eligible capital 97,392 97,317 91,015 Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes. |
Schedule of leverage capital and ratios | EUR million 2022 2021 2020 Leverage Level 1 Capital 83,033 82,452 78,501 Exposure 1,750,626 1,536,516 1,471,480 Leverage Ratio 4.74 % 5.37 % 5.33 % |
Additional disclosures (Tables)
Additional disclosures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Additional information [abstract] | |
Condensed balance sheets | Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2022, 2021 and 2020 : CONDENSED BALANCE SHEETS (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) Assets Cash and due from banks 177,920 138,388 112,114 Of which: To bank subsidiaries 14,548 15,459 14,519 Trading account assets 92,128 77,988 81,433 Investment securities 47,560 29,949 29,477 Of which: To bank subsidiaries 14,287 12,137 13,603 To non-bank subsidiaries 1,327 2,087 3,399 Net loans and leases 314,905 301,342 295,739 Of which: To non-bank subsidiaries 25,312 31,296 27,555 Investment in affiliated companies 94,213 88,549 84,890 Of which: To bank subsidiaries 70,698 67,735 60,186 To non-bank subsidiaries 23,515 20,814 24,703 Premises and equipment, net 6,513 6,515 6,680 Other assets 16,787 15,219 19,036 Total assets 750,026 657,950 629,369 Liabilities Deposits 418,841 401,212 383,135 Of which: To bank subsidiaries 16,619 18,114 17,045 To non-bank subsidiaries 15,106 18,594 19,949 Short-term debt 54,255 19,181 14,513 Long-term debt 114,447 99,650 83,981 Total debt 168,702 118,831 98,494 Of which: To bank subsidiaries — 221 617 To non-bank subsidiaries 1,638 649 661 Other liabilities 92,437 71,334 82,803 Total liabilities 679,980 591,377 564,432 Stockholders' equity Capital stock 8,397 8,670 8,670 Retained earnings and other reserves 61,649 57,903 56,267 Total stockholders' equity 70,046 66,573 64,937 Total liabilities and Stockholders’ Equity 750,026 657,950 629,369 |
Condensed statements of income | Following are the condensed statements of income of Banco Santander, S.A. for the years ended December 31, 2022, 2021 and 2020. Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) Interest income 19,322 11,893 12,169 Interest from earning assets 10,579 6,821 6,853 Dividends from affiliated companies 8,743 5,072 5,316 Of which: From bank subsidiaries 8,228 4,075 1,810 From non-bank subsidiaries 515 997 3,506 Interest expense (5,958) (2,785) (3,160) Interest income / (charges) 13,364 9,108 9,009 Provision for credit losses (1,397) (2,287) (2,558) Interest income / (charges) after provision for credit losses 11,967 6,821 6,451 Non-interest income 4,808 4,092 5,322 Non-interest expense (8,811) (7,049) (14,020) Income before income taxes 7,964 3,864 (2,247) Income tax benefit (expense) (43) 68 (1,310) Net income 7,921 3,932 (3,557) |
Condensed statements of comprehensive income | Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2022, 2021 and 2020: Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) NET INCOME 7,921 3,932 (3,557) OTHER COMPREHENSIVE INCOME (735) (662) (1,221) Items that may be reclassified subsequently to profit or loss (524) (265) (363) 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 (328) (524) (316) Revaluation gains (losses) (242) (243) 244 Amounts transferred to income statement (86) (281) (560) Other reclassifications — — — Cash flow hedges: (420) 146 (206) Revaluation gains/(losses) (505) 152 (239) Amounts transferred to income statement 85 (6) 33 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 224 113 159 Items that will not be reclassified to profit or loss (211) (397) (858) Actuarial gains/(losses) on pension plans 279 29 (77) Other recognised income and expense of investments in subsidiaries, joint ventures and associates — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (450) (347) (796) Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) 18 117 4 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) (18) (117) (4) Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk 58 (93) 4 Income tax relating to items that will not be reclassified (98) 14 11 TOTAL COMPREHENSIVE INCOME 7,186 3,270 (4,778) |
Condensed cash flow statements | Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2022, 2021 and 2020. Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2022 31 December 2021 31 December 2020 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 7,921 3,932 (3,557) Adjustments to profit 3,370 2,052 12,938 Net increase/decrease in operating assets (58,102) (9,622) 7,513 Net increase/decrease in operating liabilities 85,367 24,024 21,199 Reimbursements/payments of income tax (1,724) (352) (251) Total net cash flows from operating activities (1) 36,832 20,034 37,842 2. Cash flows from investing activities Investments (-) (4,257) (2,266) (8,001) Divestments (+) 10,852 6,349 4,738 Total net cash flows from investment activities (2) 6,595 4,083 (3,263) 3. Cash flows from financing activities Issuance of own equity instruments — — — Disposal of own equity instruments 369 605 615 Acquisition of own equity instruments (1,847) (1,446) (615) Issuance of debt securities — 4,440 3,722 Redemption of debt securities (1,678) (2,248) (2,348) Dividends paid (1,848) (1,313) — Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (180) (315) (287) Total net cash flows from financing activities (3) (5,184) (277) 1,087 4. Effect of exchange rate changes on cash and cash equivalents (4) 104 335 (576) 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) 38,347 24,175 35,090 Cash and cash equivalents at beginning of period 91,736 67,561 32,471 Cash and cash equivalents at end of period 130,083 91,736 67,561 |
Schedule of preferred shares and securities | The following table shows the balance of the preference shares and preferred securities as of 31 December 2022, 2021 and 2020: 2022 2021 2020 (Millions of Euros) Preference shares 198 209 196 Preferred securities 7,898 8,601 7,425 Total 8,096 8,810 7,621 |
Schedule of preferred shares and securities by issuer | Outstanding at 31 December 2022 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 Outstanding at 31 December 2022 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (B) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (C) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (D) Perpetuity Banco Santander, S.A., January 2020 Euro 1,500.0 4.375% (E) Perpetuity Banco Santander, S.A., May 2021 US Dollar 1,000.0 4.750% (F) Perpetuity Banco Santander, S.A., May 2021 Euro 750.0 4.125% (G) Perpetuity Banco Santander, S.A., September 2021 Euro 1,000.0 3.625% (H) 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 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 5.25% interest rate is set for the first six years. After that, it will be reviewed by applying a margin of 499.9 basis points on the 5-year Mid-Swap Rate. C.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 409.7 basis points on the Mid-Swap Rate. D.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 Mid-Swap Rate . E. Payment is subject to certain conditions and to the discretion of the Bank. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year Mid-Swap Rate. F.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate. G.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap. H. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year Mid-Swap Rate. |
Introduction, basis of presen_2
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Introduction (Details) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) subsidiary companies | Jan. 01, 2023 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of reclassifications or changes in presentation [line items] | ||||
Number of subsidiaries | subsidiary | 743 | |||
Number of other components | companies | 170 | |||
Rate for which company is considered significant (in percentage) | 5% | |||
Financial liabilities at amortised cost | € (1,423,858) | € (1,349,169) | € (1,248,188) | |
Liabilities under insurance or reinsurance contracts | € 747 | € 770 | € 910 | |
Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] | ||||
Disclosure of reclassifications or changes in presentation [line items] | ||||
Financial liabilities at amortised cost | € 16,025 | |||
Liabilities under insurance or reinsurance contracts | € 16,025 |
Introduction, basis of presen_3
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Information relating to 2021 and 2020 (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Mexican peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 11.28% |
Change in average foreign currency exchange rate (as a percent) | 13.48% |
US dollar | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 6.07% |
Change in average foreign currency exchange rate (as a percent) | 12.45% |
Brazilian real | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 11.85% |
Change in average foreign currency exchange rate (as a percent) | 17.55% |
Argentine peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (38.50%) |
Pound sterling | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (5.26%) |
Change in average foreign currency exchange rate (as a percent) | 0.82% |
Chilean peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 6.08% |
Change in average foreign currency exchange rate (as a percent) | (2.13%) |
Polish zloty | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (1.86%) |
Change in average foreign currency exchange rate (as a percent) | (2.54%) |
Introduction, basis of presen_4
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Events after the reporting period (Details) - EUR (€) | 12 Months Ended | ||||
Feb. 01, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of non-adjusting events after reporting period [line items] | |||||
Redemption of own equity instruments | € 0 | € 0 | € 0 | ||
Purchase of treasury shares (in shares) | 713,359,786 | 524,312,848 | |||
Treasury shares, held by the group, as a percentage of issued share capital (in percentage) | 1.45% | 1.60% | 0.164% | ||
New temporary levy on credit institutions | Regulatory framework-related provisions | Spain | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Additional provisions charged to income statement | € 225,000,000 | ||||
Major ordinary share transactions | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Redemption of own equity instruments | € 170,203,286 | ||||
Purchase of treasury shares (in shares) | 340,406,572 | ||||
Treasury shares, held by the group, as a percentage of issued share capital (in percentage) | 2.03% |
Accounting policies - Foreign c
Accounting policies - Foreign currency transactions (Details) | 12 Months Ended | 36 Months Ended | ||
Dec. 31, 2022 Argentian_peso / € stage | Dec. 31, 2021 Argentian_peso / € | Dec. 31, 2018 | Dec. 31, 2018 | |
Disclosure Of Accounting Policies [Abstract] | ||||
Number of consecutive stages | stage | 2 | |||
Inflation rate | 94.80% | 50.90% | 48% | 147% |
Closing foreign exchange rate | Argentian_peso / € | 189.12 | 116.30 |
Accounting policies - Schedule
Accounting policies - Schedule of estimated effect of a 1% change in the euro against the corresponding currency (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Sensitivity of consolidated profit and consolidated equity | |||
Appreciation variation (as a percent) | 1% | ||
Depreciation variation (as a percent) | 1% | ||
US dollar | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | € (146) | € (133.3) | € (123.6) |
1 % appreciation of euro, effect on consolidated profit | (4.4) | (8.6) | (4.1) |
1 % depreciation of euro, effect on consolidated equity | 148.9 | 136 | 126.1 |
1 % depreciation of euro, effect on consolidated profit | 4.5 | 8.8 | 4.2 |
Chilean peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (14.8) | (11.4) | (20.4) |
1 % appreciation of euro, effect on consolidated profit | (2) | (2.4) | (4.4) |
1 % depreciation of euro, effect on consolidated equity | 15.1 | 11.6 | 20.8 |
1 % depreciation of euro, effect on consolidated profit | 2.1 | 2.4 | 4.5 |
Pound sterling | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (94.7) | (105.9) | (107.9) |
1 % appreciation of euro, effect on consolidated profit | (1.5) | (2.3) | (1.2) |
1 % depreciation of euro, effect on consolidated equity | 96.7 | 108 | 110.1 |
1 % depreciation of euro, effect on consolidated profit | 1.5 | 2.3 | 1.2 |
Mexican peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (27.7) | (23.1) | (21.7) |
1 % appreciation of euro, effect on consolidated profit | (2) | (0.9) | (2) |
1 % depreciation of euro, effect on consolidated equity | 28.2 | 23.6 | 22.1 |
1 % depreciation of euro, effect on consolidated profit | 2 | 0.9 | 2 |
Brazilian real | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (100.1) | (80.8) | (75) |
1 % appreciation of euro, effect on consolidated profit | (5.9) | (15.4) | (12.6) |
1 % depreciation of euro, effect on consolidated equity | 102.1 | 82.4 | 76.5 |
1 % depreciation of euro, effect on consolidated profit | 6 | 15.7 | 12.8 |
Polish zloty | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (19.8) | (27.5) | (26.7) |
1 % appreciation of euro, effect on consolidated profit | (1.3) | (1.1) | (2.2) |
1 % depreciation of euro, effect on consolidated equity | 20.2 | 28 | 27.2 |
1 % depreciation of euro, effect on consolidated profit | 1.4 | 1.1 | 2.2 |
Argentine peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, effect on consolidated equity | (17.1) | (10.7) | (7.9) |
1 % appreciation of euro, effect on consolidated profit | (2.1) | (2.5) | (1.8) |
1 % depreciation of euro, effect on consolidated equity | 17.4 | 11 | 8 |
1 % depreciation of euro, effect on consolidated profit | € 2.2 | € 2.6 | € 1.8 |
Accounting policies - Basis of
Accounting policies - Basis of consolidation (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Project Quasar Investments 2017, S.L. | |||
Disclosure of associates [line items] | |||
Ownership interest in associate | 49% | 49% | 49% |
Accounting policies - Schedul_2
Accounting policies - Schedule of fair values of financial assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 |
Financial assets designated at fair value through profit or loss | 8,989 | 15,957 | 48,717 |
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 |
Hedging derivatives (assets) | 8,069 | 4,761 | 8,325 |
Financial liabilities held for trading | 115,185 | 79,469 | 81,167 |
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 |
Hedging derivatives (liabilities) | 9,228 | 5,463 | 6,869 |
Liabilities under insurance or reinsurance contracts | 747 | 770 | 910 |
Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets held for trading | 45,014 | 39,678 | 46,379 |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,800 | 2,398 | 1,756 |
Financial assets designated at fair value through profit or loss | 1,976 | 2,113 | 2,509 |
Financial assets at fair value through other comprehensive income | 64,216 | 77,749 | 91,771 |
Financial liabilities held for trading | 16,237 | 10,379 | 9,863 |
Financial liabilities designated at fair value through profit or loss | 212 | 3,620 | 2,118 |
Internal Models (level 2 and 3) | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets held for trading | 111,104 | 77,275 | 68,566 |
Non-trading financial assets mandatorily at fair value through profit or loss | 3,913 | 3,138 | 2,730 |
Financial assets designated at fair value through profit or loss | 7,013 | 13,844 | 46,208 |
Financial assets at fair value through other comprehensive income | 21,023 | 30,289 | 29,182 |
Hedging derivatives (assets) | 8,069 | 4,761 | 8,325 |
Financial liabilities held for trading | 98,948 | 69,090 | 71,304 |
Financial liabilities designated at fair value through profit or loss | 55,735 | 29,113 | 45,920 |
Hedging derivatives (liabilities) | 9,228 | 5,463 | 6,869 |
Liabilities under insurance or reinsurance contracts | € 747 | € 770 | € 910 |
Accounting policies - Measureme
Accounting policies - Measurement of financial assets and liabilities and recognition of fair value changes (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) independent_division | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||
Number of independent divisions | independent_division | 2 | ||
Amount of CVA | € 330 | € 237 | € 408 |
Change in CVA (as a percent) | 39.20% | (41.90%) | 49.80% |
Amount of DVA | € 309 | € 162 | € 233 |
Change in DVA (as a percent) | 90.70% | (30.40%) | 36% |
Credit spread change (as a percent) | 25% | ||
Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gain (loss) recognized in profit and loss | € 90 | € 73 | € 193 |
Accounting policies - Schedul_3
Accounting policies - Schedule of financial instruments at fair value whose measurement was based on internal models (Levels 2 and 3) (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | € 142,832 | € 121,640 | € 146,468 | |
Financial liabilities, at fair value | 163,733 | 103,807 | 124,098 | |
Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 8,290 | 7,667 | 8,543 | € 6,651 |
Financial liabilities, at fair value | 925 | 629 | 905 | 1,074 |
Level 3 | Financial liabilities held for trading | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 415 | 160 | 295 | 290 |
Level 3 | Financial liabilities held for trading | Derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 415 | 160 | 295 | 290 |
Level 3 | Financial liabilities held for trading | Swaps | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 235 | 44 | 81 | 115 |
Level 3 | Financial liabilities held for trading | Interest rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 19 | 26 | 49 | 34 |
Level 3 | Financial liabilities held for trading | Exchange rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 7 | 1 | 1 |
Level 3 | Financial liabilities held for trading | Index and securities options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 42 | 67 | 97 | 88 |
Level 3 | Financial liabilities held for trading | Others | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 119 | 16 | 65 | 50 |
Level 3 | 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 | 496 | 469 | 610 | 784 |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 98,533 | 68,930 | 71,009 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Central banks | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 5,759 | 1,038 | 0 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Credit institutions | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 9,796 | 6,488 | 0 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Customers | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 12,226 | 6,141 | 0 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 64,147 | 53,234 | 63,920 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Swaps | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 51,191 | 42,438 | 51,584 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Interest rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 3,268 | 2,720 | 4,226 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Exchange rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 769 | 658 | 724 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Index and securities options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 591 | 446 | 456 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Interest rate and equity futures | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 807 | 184 | 1,054 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Others | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 7,521 | 6,788 | 5,876 | |
Financial assets and liabilities | Level 2 | Financial liabilities held for trading | Short positions | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 6,605 | 2,029 | 7,089 | |
Financial assets and liabilities | Level 2 | Hedging derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 9,214 | 5,463 | 6,869 | |
Financial assets and liabilities | Level 2 | Hedging derivatives | Swaps | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 8,142 | 4,149 | 5,821 | |
Financial assets and liabilities | Level 2 | Hedging derivatives | Interest rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 13 | ||
Financial assets and liabilities | Level 2 | Hedging derivatives | Others | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 1,072 | 1,314 | 1,035 | |
Financial assets and liabilities | Level 2 | 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 | 55,239 | 28,644 | 45,310 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 415 | 160 | 295 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Central banks | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Credit institutions | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Customers | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 415 | 160 | 295 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Swaps | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 235 | 44 | 81 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Interest rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 19 | 26 | 49 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Exchange rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 7 | 1 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Index and securities options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 42 | 67 | 97 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Interest rate and equity futures | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 2 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Others | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 119 | 16 | 65 | |
Financial assets and liabilities | Level 3 | Financial liabilities held for trading | Short positions | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Hedging derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 14 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Hedging derivatives | Swaps | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 14 | 0 | 0 | |
Financial assets and liabilities | Level 3 | Hedging derivatives | Interest rate options | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | ||
Financial assets and liabilities | Level 3 | Hedging derivatives | Others | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Level 3 | 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 | 496 | 469 | 610 | |
Liabilities under insurance contracts | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 747 | 770 | 910 | |
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 | |
Financial assets held for trading | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 383 | 537 | 740 | 598 |
Financial assets held for trading | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 110,721 | 76,738 | 67,826 | |
Financial assets held for trading | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 383 | 537 | 740 | |
Financial assets held for trading | Central banks | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 11,595 | 3,608 | 0 | |
Financial assets held for trading | Central banks | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets held for trading | Credit institutions | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 16,502 | 10,397 | 3 | |
Financial assets held for trading | Credit institutions | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets held for trading | Customers | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 9,550 | 6,829 | 296 | |
Financial assets held for trading | Customers | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets held for trading | Debt and equity instruments | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 6,537 | 2,312 | 1,453 | |
Financial assets held for trading | Debt and equity instruments | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 43 | 24 | 10 | |
Financial assets held for trading | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1 | 2 | 3 | 0 |
Financial assets held for trading | Debt securities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 42 | 22 | 7 | 65 |
Financial assets held for trading | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 340 | 513 | 730 | 533 |
Financial assets held for trading | Derivatives | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 66,537 | 53,592 | 66,074 | |
Financial assets held for trading | Derivatives | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 340 | 513 | 730 | |
Financial assets held for trading | Swaps | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 139 | 224 | 272 | 182 |
Financial assets held for trading | Swaps | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 54,367 | 43,700 | 54,488 | |
Financial assets held for trading | Swaps | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 139 | 224 | 272 | |
Financial assets held for trading | Exchange rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4 | 12 | 22 | 8 |
Financial assets held for trading | Exchange rate options | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 916 | 539 | 696 | |
Financial assets held for trading | Exchange rate options | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4 | 12 | 22 | |
Financial assets held for trading | Interest rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 39 | 182 | 241 | 177 |
Financial assets held for trading | Interest rate options | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2,681 | 2,112 | 3,129 | |
Financial assets held for trading | Interest rate options | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 39 | 182 | 241 | |
Financial assets held for trading | Interest rate futures | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 113 | 409 | 1,069 | |
Financial assets held for trading | Interest rate futures | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets held for trading | Index and securities options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 48 | 41 | 94 | 95 |
Financial assets held for trading | Index and securities options | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 354 | 439 | 554 | |
Financial assets held for trading | Index and securities options | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 48 | 41 | 94 | |
Financial assets held for trading | Others | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 110 | 54 | 101 | 71 |
Financial assets held for trading | Others | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 8,106 | 6,393 | 6,138 | |
Financial assets held for trading | Others | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 110 | 54 | 101 | |
Hedging derivatives | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 8,069 | 4,761 | 8,325 | |
Hedging derivatives | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Hedging derivatives | Swaps | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 6,687 | 4,204 | 6,998 | |
Hedging derivatives | Swaps | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Hedging derivatives | Interest rate options | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2 | 9 | 25 | |
Hedging derivatives | Interest rate options | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Hedging derivatives | Others | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,380 | 548 | 1,302 | |
Hedging derivatives | Others | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Non-trading financial assets mandatorily 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 | 1,833 | 1,865 | 934 | 1,601 |
Non-trading financial assets mandatorily at fair value through profit or loss | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2,080 | 1,273 | 1,796 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,833 | 1,865 | 934 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 239 | 268 | 295 | 376 |
Non-trading financial assets mandatorily 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 | 1,269 | 1,231 | 505 | 550 |
Non-trading financial assets mandatorily at fair value through profit or loss | Equity instruments | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 643 | 415 | 984 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Equity instruments | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,269 | 1,231 | 505 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Debt securities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 325 | 366 | 134 | 675 |
Non-trading financial assets mandatorily at fair value through profit or loss | Debt securities | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 809 | 589 | 555 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Debt securities | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 325 | 366 | 134 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Loans and advances | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 628 | 269 | 257 | |
Non-trading financial assets mandatorily at fair value through profit or loss | Loans and advances | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 239 | 268 | 295 | |
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 | 427 | 418 | 649 | 664 |
Financial assets designated at fair value through profit or loss | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 6,586 | 13,426 | 45,559 | |
Financial assets designated at fair value through profit or loss | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 427 | 418 | 649 | |
Financial assets designated at fair value through profit or loss | Central banks | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 9,481 | ||
Financial assets designated at fair value through profit or loss | Central banks | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | Credit institutions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 163 | 50 |
Financial assets designated at fair value through profit or loss | Credit institutions | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 673 | 3,152 | 11,973 | |
Financial assets designated at fair value through profit or loss | Credit institutions | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 163 | |
Financial assets designated at fair value through profit or loss | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5 | 18 | 19 | 32 |
Financial assets designated at fair value through profit or loss | Customers | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5,769 | 10,270 | 24,102 | |
Financial assets designated at fair value through profit or loss | Customers | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5 | 18 | 19 | |
Financial assets designated at fair value through profit or loss | Equity instruments | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | Equity instruments | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets designated at fair value through profit or loss | Debt securities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 422 | 400 | 467 | 582 |
Financial assets designated at fair value through profit or loss | Debt securities | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 144 | 4 | 3 | |
Financial assets designated at fair value through profit or loss | Debt securities | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 422 | 400 | 467 | |
Financial assets at fair value through other comprehensive income | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5,647 | 4,847 | 6,220 | € 3,788 |
Financial assets at fair value through other comprehensive income | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 15,376 | 25,442 | 22,962 | |
Financial assets at fair value through other comprehensive income | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5,647 | 4,847 | 6,220 | |
Financial assets at fair value through other comprehensive income | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 700 | 821 | 1,223 | |
Financial assets at fair value through other comprehensive income | Equity instruments | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 9 | 74 | 75 | |
Financial assets at fair value through other comprehensive income | Equity instruments | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 700 | 821 | 1,223 | |
Financial assets at fair value through other comprehensive income | Debt securities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 229 | 146 | 206 | |
Financial assets at fair value through other comprehensive income | Debt securities | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 11,869 | 21,585 | 18,410 | |
Financial assets at fair value through other comprehensive income | Debt securities | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 229 | 146 | 206 | |
Financial assets at fair value through other comprehensive income | Loans and advances | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,718 | 3,880 | 4,791 | |
Financial assets at fair value through other comprehensive income | Loans and advances | Financial assets and liabilities | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,498 | 3,783 | 4,477 | |
Financial assets at fair value through other comprehensive income | Loans and advances | Financial assets and liabilities | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | € 4,718 | € 3,880 | € 4,791 |
Accounting policies - Schedul_4
Accounting policies - Schedule of effect on fair value of financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation (Details) - Level 3 € in Thousands | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Financial liabilities held for trading | Cap&Floor | Volatility option model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0.10 | 0.10 | 0.10 |
Financial liabilities held for trading | Cap&Floor | Volatility option model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0.90 | 0.90 | 900,000 |
Financial liabilities held for trading | Cap&Floor | Volatility option model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0.4073 | 0.3630 | 0.3461 |
Financial liabilities held for trading | Cap&Floor | Volatility option model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (290) | € (500) | € (20) |
Financial liabilities held for trading | Cap&Floor | Volatility option model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | 180 | 430 | € 10 |
Financial liabilities held for trading | EQ Options | Option pricing model | Minimum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0 | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Maximum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 50,000 | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Weighted average | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0.0250 | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (6,350) | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 6,350 | ||
Financial liabilities designated at fair value through profit or loss | Repos/Reverse repos | Others | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | (130) | ||
Financial liabilities designated at fair value through profit or loss | Repos/Reverse repos | Others | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial liabilities designated at fair value through profit or loss | Repos/Reverse repos | Asset Swap Repo Model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | (360) | ||
Financial liabilities designated at fair value through profit or loss | Repos/Reverse repos | Asset Swap Repo Model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial assets held for trading | Corporate debt | Discounted Cash Flows | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets held for trading | Corporate debt | Discounted Cash Flows | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.20 | ||
Financial assets held for trading | Corporate debt | Discounted Cash Flows | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.1007 | ||
Financial assets held for trading | Corporate debt | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,380) | ||
Financial assets held for trading | Corporate debt | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 1,400 | ||
Financial assets held for trading | Corporate debt | Price based | Minimum | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.85 | 0.85 | |
Financial assets held for trading | Corporate debt | Price based | Maximum | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1.15 | 1,150,000 | |
Financial assets held for trading | Corporate debt | Price based | Weighted average | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1 | 1 | |
Financial assets held for trading | Corporate debt | Price based | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € 0 | € 0 | |
Financial assets held for trading | Corporate debt | Price based | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | € 0 | |
Financial assets held for trading | Government debt | Discounted Cash Flows | Minimum | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets held for trading | Government debt | Discounted Cash Flows | Maximum | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | ||
Financial assets held for trading | Government debt | Discounted Cash Flows | Weighted average | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0492 | ||
Financial assets held for trading | Government debt | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (8,340) | ||
Financial assets held for trading | Government debt | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 8,070 | ||
Financial assets held for trading | Cap&Floor | Volatility option model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 100,000 | 100,000 | |
Financial assets held for trading | Cap&Floor | Volatility option model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 900,000 | 900,000 | |
Financial assets held for trading | Cap&Floor | Volatility option model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.3630 | 0.3155 | |
Financial assets held for trading | Cap&Floor | Volatility option model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (500) | € (70) | |
Financial assets held for trading | Cap&Floor | Volatility option model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 430 | € 50 | |
Financial assets held for trading | CCS | Discounted Cash Flows | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.007) | (0.007) | (0.0030) |
Financial assets held for trading | CCS | Discounted Cash Flows | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.007 | 7,000 | 6,600 |
Financial assets held for trading | CCS | Discounted Cash Flows | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0.0073 | 0.0066 |
Financial assets held for trading | CCS | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € 0 | € (110) | € 0 |
Financial assets held for trading | CCS | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | € 110 | € 200 |
Financial assets held for trading | CCS | Forward estimation | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0004) | 0.0004 | |
Financial assets held for trading | CCS | Forward estimation | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0004 | (0.0004) | |
Financial assets held for trading | CCS | Forward estimation | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.000042 | (0.000009) | |
Financial assets held for trading | CCS | Forward estimation | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (60) | € (30) | |
Financial assets held for trading | CCS | Forward estimation | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 70 | € 30 | |
Financial assets held for trading | Convertibility curve - inputs: NDFs Offshore | Forward estimation | Minimum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | |
Financial assets held for trading | Convertibility curve - inputs: NDFs Offshore | Forward estimation | Maximum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 20,000 | 20,000 | |
Financial assets held for trading | Convertibility curve - inputs: NDFs Offshore | Forward estimation | Weighted average | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0061 | 0.0061 | |
Financial assets held for trading | Convertibility curve - inputs: NDFs Offshore | Forward estimation | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (650) | € (720) | |
Financial assets held for trading | Convertibility curve - inputs: NDFs Offshore | Forward estimation | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 280 | € 310 | |
Financial assets held for trading | CDS | Discounted Cash Flows | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.00149 | ||
Financial assets held for trading | CDS | Discounted Cash Flows | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.00421 | ||
Financial assets held for trading | CDS | Discounted Cash Flows | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.002199 | ||
Financial assets held for trading | CDS | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (50) | ||
Financial assets held for trading | CDS | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 20 | ||
Financial assets held for trading | EQ Options | EQ option pricing model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | 0.0786 |
Financial assets held for trading | EQ Options | EQ option pricing model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.90 | 900,000 | 936,700 |
Financial assets held for trading | EQ Options | EQ option pricing model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.6130 | 0.6120 | 0.4837 |
Financial assets held for trading | EQ Options | EQ option pricing model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (230) | € (240) | € (1,460) |
Financial assets held for trading | EQ Options | EQ option pricing model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 480 | € 520 | € 1,810 |
Financial assets held for trading | EQ Options | Local volatility | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | 0.10 | |
Financial assets held for trading | EQ Options | Local volatility | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.90 | 0.90 | |
Financial assets held for trading | EQ Options | Local volatility | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.5000 | 0.4000 | |
Financial assets held for trading | EQ Options | Local volatility | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,050) | € (6,820) | |
Financial assets held for trading | EQ Options | Local volatility | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 1,050 | € 6,820 | |
Financial assets held for trading | FRAs | Asset Swap model | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | 0 |
Financial assets held for trading | FRAs | Asset Swap model | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.06 | 40,000 | 50,000 |
Financial assets held for trading | FRAs | Asset Swap model | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0271 | 0.0178 | 0.0222 |
Financial assets held for trading | FRAs | Asset Swap model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,160) | € (910) | € (780) |
Financial assets held for trading | FRAs | Asset Swap model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | 950 | € 730 | € 630 |
Financial assets held for trading | Fx Swap | Others | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | (1,370) | ||
Financial assets held for trading | Fx Swap | Others | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 1,370 | ||
Financial assets held for trading | FX Forward | Discounted Cash Flows | Minimum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0002) | ||
Financial assets held for trading | FX Forward | Discounted Cash Flows | Maximum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0030) | ||
Financial assets held for trading | FX Forward | Discounted Cash Flows | Weighted average | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0011 | ||
Financial assets held for trading | FX Forward | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € 0 | ||
Financial assets held for trading | FX Forward | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial assets held for trading | FX Options | FX Options | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | |
Financial assets held for trading | FX Options | FX Options | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.50 | 500,000 | |
Financial assets held for trading | FX Options | FX Options | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.3214 | 0.3214 | |
Financial assets held for trading | FX Options | FX Options | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (280) | € (390) | |
Financial assets held for trading | FX Options | FX Options | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 500 | € 700 | |
Financial assets held for trading | Inflation Derivatives | Asset Swap model | Minimum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | (0.50) | (1) |
Financial assets held for trading | Inflation Derivatives | Asset Swap model | Maximum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | 500,000 | 500,000 |
Financial assets held for trading | Inflation Derivatives | Asset Swap model | Weighted average | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0341 | 0.5000 | 0.8333 |
Financial assets held for trading | Inflation Derivatives | Asset Swap model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (210) | € (560) | € (630) |
Financial assets held for trading | Inflation Derivatives | Asset Swap model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 110 | € 280 | € 310 |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | 0 |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.40 | 400,000 | 500,000 |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.1737 | 0.1329 | 0.1667 |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (140) | € (470) | € (470) |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 110 | € 240 | € 230 |
Financial assets held for trading | IR Futures | Asset Swap model | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | |
Financial assets held for trading | IR Futures | Asset Swap model | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 150,000 | 150,000 | |
Financial assets held for trading | IR Futures | Asset Swap model | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0591 | 0.0094 | |
Financial assets held for trading | IR Futures | Asset Swap model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,090) | € (940) | |
Financial assets held for trading | IR Futures | Asset Swap model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 710 | € 60 | |
Financial assets held for trading | IR Options | IR option pricing model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | 0 |
Financial assets held for trading | IR Options | IR option pricing model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.60 | 600,000 | 1,000,000 |
Financial assets held for trading | IR Options | IR option pricing model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.3582 | 0.3628 | 0.1905 |
Financial assets held for trading | IR Options | IR option pricing model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (300) | € (200) | € (270) |
Financial assets held for trading | IR Options | IR option pricing model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 440 | € 310 | € 60 |
Financial assets held for trading | IRS | Discounted Cash Flows on credit spread | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0125 | 0.0103 | 0.0079 |
Financial assets held for trading | IRS | Discounted Cash Flows on credit spread | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0629 | 0.0375 | 0.0202 |
Financial assets held for trading | IRS | Discounted Cash Flows on credit spread | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0389 | 0.0202 | 0.0118 |
Financial assets held for trading | IRS | Discounted Cash Flows on credit spread | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (2,250) | € (7,210) | € (2,810) |
Financial assets held for trading | IRS | Discounted Cash Flows on credit spread | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 2,470 | € 4,160 | € 1,290 |
Financial assets held for trading | IRS | Discounted Cash Flows on inflation swap rate | Minimum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.008) | ||
Financial assets held for trading | IRS | Discounted Cash Flows on inflation swap rate | Maximum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 65,000 | ||
Financial assets held for trading | IRS | Discounted Cash Flows on inflation swap rate | Weighted average | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0181 | ||
Financial assets held for trading | IRS | Discounted Cash Flows on inflation swap rate | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (40) | ||
Financial assets held for trading | IRS | Discounted Cash Flows on inflation swap rate | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 10 | ||
Financial assets held for trading | IRS | Discounted Cash Flows on swap rate | Minimum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.086 | 0.077 | 0.0590 |
Financial assets held for trading | IRS | Discounted Cash Flows on swap rate | Maximum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.091 | 0.082 | 63,100 |
Financial assets held for trading | IRS | Discounted Cash Flows on swap rate | Weighted average | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0884 | (0.0287) | 0.0226 |
Financial assets held for trading | IRS | Discounted Cash Flows on swap rate | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (20) | € (230) | € (10) |
Financial assets held for trading | IRS | Discounted Cash Flows on swap rate | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 30 | € 100 | € 20 |
Financial assets held for trading | IRS | Forward estimation | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0006) | ||
Financial assets held for trading | IRS | Forward estimation | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.00061 | ||
Financial assets held for trading | IRS | Forward estimation | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.000013 | ||
Financial assets held for trading | IRS | Forward estimation | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (40) | ||
Financial assets held for trading | IRS | Forward estimation | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 40 | ||
Financial assets held for trading | IRS | Forward estimation on interest rate | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.000898) | ||
Financial assets held for trading | IRS | Forward estimation on interest rate | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.001112 | ||
Financial assets held for trading | IRS | Forward estimation on interest rate | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (270) | ||
Financial assets held for trading | IRS | Forward estimation on interest rate | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 170 | ||
Financial assets held for trading | IRS | Forward estimation on prepayment rate | Minimum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.06 | ||
Financial assets held for trading | IRS | Forward estimation on prepayment rate | Maximum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 120,000 | ||
Financial assets held for trading | IRS | Forward estimation on prepayment rate | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € 0 | ||
Financial assets held for trading | IRS | Forward estimation on prepayment rate | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial assets held for trading | IRS | Asset Swap model | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | (0.06) | (0.06) |
Financial assets held for trading | IRS | Asset Swap model | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.1500 | 0.1280 | 125,000 |
Financial assets held for trading | IRS | Asset Swap model | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0920 | 0.1036 | 0.10 |
Financial assets held for trading | IRS | Asset Swap model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (50) | € (70) | € (80) |
Financial assets held for trading | IRS | Asset Swap model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 80 | € 130 | € 130 |
Financial assets held for trading | IRS | Others | Others | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0005 | ||
Financial assets held for trading | IRS | Others | Minimum | Others | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.05 | ||
Financial assets held for trading | IRS | Others | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (11,580) | € (1,490) | |
Financial assets held for trading | IRS | Others | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | € 0 | |
Financial assets held for trading | IRS | Prepayment modelling | Minimum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.025 | 0.025 | 0.0247 |
Financial assets held for trading | IRS | Prepayment modelling | Maximum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.062 | 0.062 | 62,200 |
Financial assets held for trading | IRS | Prepayment modelling | Weighted average | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0417 | 0.0044 | 0.0006 |
Financial assets held for trading | IRS | Prepayment modelling | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (60) | € (90) | € (120) |
Financial assets held for trading | IRS | Prepayment modelling | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 50 | € 50 | € 50 |
Financial assets held for trading | Others | Forward estimation | Minimum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets held for trading | Others | Forward estimation | Maximum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.02 | ||
Financial assets held for trading | Others | Forward estimation | Weighted average | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0062 | ||
Financial assets held for trading | Others | Forward estimation | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (530) | ||
Financial assets held for trading | Others | Forward estimation | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 240 | ||
Financial assets held for trading | Property derivatives | Option pricing model | Minimum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.05) | 0 | |
Financial assets held for trading | Property derivatives | Option pricing model | Minimum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets held for trading | Property derivatives | Option pricing model | Maximum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.05 | 0.05 | |
Financial assets held for trading | Property derivatives | Option pricing model | Maximum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 50,000 | ||
Financial assets held for trading | Property derivatives | Option pricing model | Weighted average | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0.025 | |
Financial assets held for trading | Property derivatives | Option pricing model | Weighted average | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0250 | ||
Financial assets held for trading | Property derivatives | Option pricing model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (5,750) | € (2,620) | € (17,820) |
Financial assets held for trading | Property derivatives | Option pricing model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 5,750 | € 2,620 | € 17,820 |
Financial assets held for trading | Swaptions | IR option pricing model | Minimum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | |
Financial assets held for trading | Swaptions | IR option pricing model | Maximum | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.40 | 500,000 | |
Financial assets held for trading | Swaptions | IR option pricing model | Weighted average | Volatility | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.2667 | 0.3333 | |
Financial assets held for trading | Swaptions | IR option pricing model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (130) | € (160) | |
Financial assets held for trading | Swaptions | IR option pricing model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 270 | € 310 | |
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted Cash Flows on credit spread | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted Cash Flows on credit spread | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.20 | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted Cash Flows on credit spread | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0988 | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted Cash Flows on credit spread | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,230) | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted Cash Flows on credit spread | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 1,200 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 100,000 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0833 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (780) | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | 3,910 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows on discount curve | Minimum | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows on discount curve | Maximum | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows on discount curve | Weighted average | Discount curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0833 | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows on discount curve | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (4,140) | ||
Financial assets designated at fair value through profit or loss | Government debt | Discounted Cash Flows on discount curve | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 20,690 | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted Cash Flows | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.001 | 0.001 | |
Financial assets designated at fair value through profit or loss | Loans | Discounted Cash Flows | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.02 | 0.014 | |
Financial assets designated at fair value through profit or loss | Loans | Discounted Cash Flows | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0105 | 0.0066 | |
Financial assets designated at fair value through profit or loss | Loans | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (180) | € (260) | |
Financial assets designated at fair value through profit or loss | Loans | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 180 | € 260 | |
Financial assets designated at fair value through profit or loss | Repos/Reverse repos | Asset Swap Repo Model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | (180) | ||
Financial assets designated at fair value through profit or loss | Repos/Reverse repos | Asset Swap Repo Model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 230 | ||
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Minimum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.05) | 0 | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Minimum | HPI Forward growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Maximum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.05 | 50,000 | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Maximum | HPI Forward growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 50,000 | ||
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Weighted average | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0.0250 | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Weighted average | HPI Forward growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0250 | ||
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (790) | € (1,900) | € (2,230) |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 790 | € 1,900 | € 2,230 |
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0007 | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 15,500 | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0074 | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (350) | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 350 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Minimum | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 900,000 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Maximum | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1,100,000 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Weighted average | Market price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (150) | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 150 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Minimum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | 0 | |
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Maximum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.10 | 0.10 | |
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Weighted average | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0474 | 0.0474 | |
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (4,250) | € (5,470) | |
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 3,830 | € 4,920 | |
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Minimum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Maximum | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 50,000 | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Weighted average | HPI Forward growth rate and HPI Spot rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0250 | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (7,240) | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 7,240 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted Cash Flows | Minimum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0001) | ||
Significant unobservable input, liabilities | (0.0001) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted Cash Flows | Maximum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0001 | ||
Significant unobservable input, liabilities | 0.0001 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted Cash Flows | Weighted average | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0001 | ||
Significant unobservable input, liabilities | 0.000001 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (560) | ||
Decrease in fair value assets due to changes in inputs | € (330) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 600 | ||
Increase in fair value assets due to changes in inputs | € 330 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Minimum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0 | ||
Significant unobservable input, liabilities | (0.05) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Maximum | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.05 | ||
Significant unobservable input, liabilities | 0.05 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Weighted average | Growth rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0250 | ||
Significant unobservable input, liabilities | 0 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (1,190) | ||
Decrease in fair value assets due to changes in inputs | € (680) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 1,190 | ||
Increase in fair value assets due to changes in inputs | € 680 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Minimum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 900,000 | 900,000 | |
Significant unobservable input, liabilities | 0.90 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Maximum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1,100,000 | 1,100,000 | |
Significant unobservable input, liabilities | 1.10 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Weighted average | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.1000 | 0.10 | |
Significant unobservable input, liabilities | 1 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (123,100) | € (50,470) | |
Decrease in fair value assets due to changes in inputs | € (126,870) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 123,100 | € 50,470 | |
Increase in fair value assets due to changes in inputs | € 126,870 | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted Cash Flows | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.006 | 11,000 | |
Significant unobservable input, liabilities | (0.004) | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted Cash Flows | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.008 | 13,000 | |
Significant unobservable input, liabilities | 0.016 | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted Cash Flows | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0009 | 0.0010 | |
Significant unobservable input, liabilities | 0.0063 | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted Cash Flows | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (10) | € 0 | |
Decrease in fair value assets due to changes in inputs | € (10) | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted Cash Flows | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | 10 | 0 | |
Increase in fair value assets due to changes in inputs | 10 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on credit spread | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | (19,840) | (6,720) | |
Decrease in fair value assets due to changes in inputs | (24,100) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on credit spread | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | € 0 | |
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on interest rate curve | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.001) | (1,500) | |
Significant unobservable input, liabilities | 0.008 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on interest rate curve | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.001 | 1,500 | |
Significant unobservable input, liabilities | 0.010 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on interest rate curve | Weighted average | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0012 | 0.0015 | |
Significant unobservable input, liabilities | 0.0088 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on interest rate curve | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (70) | € (90) | |
Decrease in fair value assets due to changes in inputs | € (80) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on interest rate curve | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 70 | € 90 | |
Increase in fair value assets due to changes in inputs | € 80 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on margin of a reference portfolio | Minimum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | (0.0001) | ||
Significant unobservable input, liabilities | (0.0001) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on margin of a reference portfolio | Maximum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0001 | ||
Significant unobservable input, liabilities | 0.0001 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on margin of a reference portfolio | Weighted average | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0001 | ||
Significant unobservable input, liabilities | 0 | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on margin of a reference portfolio | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (13,120) | ||
Decrease in fair value assets due to changes in inputs | € (17,510) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted Cash Flows on margin of a reference portfolio | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 13,040 | ||
Increase in fair value assets due to changes in inputs | € 17,510 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0077 | ||
Significant unobservable input, liabilities | 0.0256 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0242 | ||
Significant unobservable input, liabilities | 0.034 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, liabilities | 0.0256 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € 0 | ||
Decrease in fair value assets due to changes in inputs | € (490) | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 0 | ||
Increase in fair value assets due to changes in inputs | € 0 | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1,500 | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 5,300 | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.0019 | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (40) | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 40 | ||
Financial assets at fair value through other comprehensive income | Equities | Price based | Minimum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.90 | 900,000 | |
Significant unobservable input, liabilities | 0.90 | ||
Financial assets at fair value through other comprehensive income | Equities | Price based | Maximum | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 1.10 | 1,100,000 | |
Significant unobservable input, liabilities | 1.10 | ||
Financial assets at fair value through other comprehensive income | Equities | Price based | Weighted average | Price | |||
Disclosure of detailed information about financial instruments [line items] | |||
Significant unobservable input, assets | 0.1000 | 0.10 | |
Significant unobservable input, liabilities | 1 | ||
Financial assets at fair value through other comprehensive income | Equities | Price based | Unfavourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value assets due to changes in inputs | € (82,130) | € (122,140) | |
Decrease in fair value assets due to changes in inputs | € (70,040) | ||
Financial assets at fair value through other comprehensive income | Equities | Price based | Favourable scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in fair value assets due to changes in inputs | € 82,130 | € 122,140 | |
Increase in fair value assets due to changes in inputs | € 70,040 |
Accounting policies - Disclosur
Accounting policies - Disclosure of changes in fair value of financial assets and liabilities calculated using internal models (Details) - Level 3 - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in financial instruments, Assets | |||
Assets at beginning of period | € 8,290 | € 7,667 | € 8,543 |
Purchases/ Issuances | 9,176 | 6,410 | 9,247 |
Sales/Settlements | (8,716) | (7,083) | (8,051) |
Changes in fair value recognised in profit or loss | (49) | (65) | 311 |
Changes in fair value recognised in equity | (172) | (228) | (390) |
Transfers into Level 3 of fair value hierarchy, assets | 380 | 66 | 316 |
Other | 4 | 24 | 459 |
Assets at end of period | 7,667 | 8,543 | 6,651 |
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 629 | 905 | 1,074 |
Purchases/ Issuances | 328 | 228 | 44 |
Sales/Settlements | (100) | (42) | (17) |
Changes in fair value recognised in profit or loss | 41 | (138) | 118 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (2) | (310) | (128) |
Other | 29 | (14) | (186) |
Liabilities at end of period | 925 | 629 | 905 |
Financial liabilities held for trading | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 160 | 295 | 290 |
Purchases/ Issuances | 328 | 85 | 40 |
Sales/Settlements | (97) | (42) | (14) |
Changes in fair value recognised in profit or loss | 35 | (138) | 130 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (2) | (21) | (96) |
Other | (9) | (19) | (55) |
Liabilities at end of period | 415 | 160 | 295 |
Financial liabilities held for trading | Derivatives | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 160 | 295 | 290 |
Purchases/ Issuances | 328 | 85 | 40 |
Sales/Settlements | (97) | (42) | (14) |
Changes in fair value recognised in profit or loss | 35 | (138) | 130 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (2) | (21) | (96) |
Other | (9) | (19) | (55) |
Liabilities at end of period | 415 | 160 | 295 |
Financial liabilities held for trading | Swaps | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 44 | 81 | 115 |
Purchases/ Issuances | 32 | 4 | 8 |
Sales/Settlements | (16) | (10) | 0 |
Changes in fair value recognised in profit or loss | 189 | (36) | (7) |
Transfers out of Level 3 of fair value hierarchy, liabilities | (26) | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 9 | 3 | |
Other | (23) | 2 | (9) |
Liabilities at end of period | 235 | 44 | 81 |
Financial liabilities held for trading | Exchange rate options | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 7 | 1 | 1 |
Purchases/ Issuances | 6 | 2 | 0 |
Sales/Settlements | (14) | 0 | 0 |
Changes in fair value recognised in profit or loss | 1 | 4 | 2 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | 0 |
Other | 0 | 0 | (2) |
Liabilities at end of period | 0 | 7 | 1 |
Financial liabilities held for trading | Interest rate options | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 26 | 49 | 34 |
Purchases/ Issuances | 56 | 26 | 11 |
Sales/Settlements | (44) | (19) | (2) |
Changes in fair value recognised in profit or loss | (19) | (8) | 6 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | 0 |
Other | 0 | (22) | 0 |
Liabilities at end of period | 19 | 26 | 49 |
Financial liabilities held for trading | Index and securities options | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 67 | 97 | 88 |
Purchases/ Issuances | 23 | 23 | 21 |
Sales/Settlements | (19) | (5) | (8) |
Changes in fair value recognised in profit or loss | (32) | (27) | 95 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (11) | (22) | (70) |
Other | 14 | 1 | (29) |
Liabilities at end of period | 42 | 67 | 97 |
Financial liabilities held for trading | Securities and interest rate futures | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | 2 | 2 |
Purchases/ Issuances | 0 | 0 | 0 |
Sales/Settlements | 0 | (2) | 0 |
Changes in fair value recognised in profit or loss | 0 | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | 0 |
Other | 0 | 0 | 0 |
Liabilities at end of period | 0 | 0 | 2 |
Financial liabilities held for trading | Others | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 16 | 65 | 50 |
Purchases/ Issuances | 211 | 30 | 0 |
Sales/Settlements | (4) | (6) | (4) |
Changes in fair value recognised in profit or loss | (104) | (71) | 34 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | (2) | 0 |
Other | 0 | 0 | (15) |
Liabilities at end of period | 119 | 16 | 65 |
Hedging derivatives (Liabilities) | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | ||
Purchases/ Issuances | 0 | ||
Sales/Settlements | 0 | ||
Changes in fair value recognised in profit or loss | 14 | ||
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | ||
Other | 0 | ||
Liabilities at end of period | 14 | 0 | |
Hedging derivatives (Liabilities) | Swaps | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | ||
Purchases/ Issuances | 0 | ||
Sales/Settlements | 0 | ||
Changes in fair value recognised in profit or loss | 14 | ||
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | ||
Other | 0 | ||
Liabilities at end of period | 14 | 0 | |
Financial liabilities designated at fair value through profit or loss | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 469 | 610 | 784 |
Purchases/ Issuances | 0 | 143 | 4 |
Sales/Settlements | (3) | 0 | (3) |
Changes in fair value recognised in profit or loss | (8) | 0 | (12) |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | (289) | (32) |
Other | 38 | 5 | (131) |
Liabilities at end of period | 496 | 469 | 610 |
Financial assets held for trading | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 383 | 537 | 740 |
Purchases/ Issuances | 91 | 136 | 52 |
Sales/Settlements | (99) | (124) | (98) |
Changes in fair value recognised in profit or loss | (116) | (181) | 330 |
Transfers out of Level 3 of fair value hierarchy, assets | (15) | (15) | (45) |
Other | (15) | (19) | (97) |
Assets at end of period | 537 | 740 | 598 |
Financial assets held for trading | Debt securities | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 42 | 22 | 7 |
Purchases/ Issuances | 2 | 20 | 7 |
Sales/Settlements | (2) | (2) | (27) |
Changes in fair value recognised in profit or loss | 15 | (2) | 1 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | |
Transfers into Level 3 of fair value hierarchy, assets | 2 | ||
Other | 3 | (1) | (39) |
Assets at end of period | 22 | 7 | 65 |
Financial assets held for trading | Equity instruments | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 1 | 2 | 3 |
Purchases/ Issuances | 0 | 0 | 3 |
Sales/Settlements | 0 | (1) | 0 |
Changes in fair value recognised in profit or loss | 0 | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | (1) | 0 | 0 |
Other | 0 | 0 | 0 |
Assets at end of period | 2 | 3 | 0 |
Financial assets held for trading | Derivatives | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 340 | 513 | 730 |
Purchases/ Issuances | 89 | 116 | 42 |
Sales/Settlements | (97) | (121) | (71) |
Changes in fair value recognised in profit or loss | (131) | (179) | 329 |
Transfers out of Level 3 of fair value hierarchy, assets | (16) | (15) | (45) |
Other | (18) | (18) | (58) |
Assets at end of period | 513 | 730 | 533 |
Financial assets held for trading | Swaps | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 139 | 224 | 272 |
Purchases/ Issuances | 1 | 5 | 0 |
Sales/Settlements | (47) | (33) | (8) |
Changes in fair value recognised in profit or loss | (20) | (35) | 116 |
Transfers out of Level 3 of fair value hierarchy, assets | (8) | ||
Transfers into Level 3 of fair value hierarchy, assets | 4 | 33 | |
Other | (23) | (18) | (10) |
Assets at end of period | 224 | 272 | 182 |
Financial assets held for trading | Exchange rate options | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 4 | 12 | 22 |
Purchases/ Issuances | 0 | 14 | 0 |
Sales/Settlements | (9) | (27) | 0 |
Changes in fair value recognised in profit or loss | 2 | 3 | 15 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | 0 |
Other | (1) | 0 | (1) |
Assets at end of period | 12 | 22 | 8 |
Financial assets held for trading | Interest rate options | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 39 | 182 | 241 |
Purchases/ Issuances | 0 | 7 | 15 |
Sales/Settlements | 0 | (39) | (12) |
Changes in fair value recognised in profit or loss | (142) | (27) | 61 |
Transfers out of Level 3 of fair value hierarchy, assets | (1) | 0 | 0 |
Other | 0 | 0 | 0 |
Assets at end of period | 182 | 241 | 177 |
Financial assets held for trading | Index and securities options | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 48 | 41 | 94 |
Purchases/ Issuances | 27 | 18 | 25 |
Sales/Settlements | (28) | (12) | (43) |
Changes in fair value recognised in profit or loss | 29 | (51) | 85 |
Transfers out of Level 3 of fair value hierarchy, assets | (26) | (8) | (38) |
Other | 5 | 0 | (30) |
Assets at end of period | 41 | 94 | 95 |
Financial assets held for trading | Others | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 110 | 54 | 101 |
Purchases/ Issuances | 61 | 72 | 2 |
Sales/Settlements | (13) | (10) | (8) |
Changes in fair value recognised in profit or loss | 0 | (69) | 52 |
Transfers out of Level 3 of fair value hierarchy, assets | (40) | ||
Transfers into Level 3 of fair value hierarchy, assets | 7 | 1 | |
Other | 1 | 0 | (17) |
Assets at end of period | 54 | 101 | 71 |
Financial assets designated at fair value through profit or loss | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 427 | 418 | 649 |
Purchases/ Issuances | 0 | 59 | 280 |
Sales/Settlements | (9) | (120) | (45) |
Changes in fair value recognised in profit or loss | (31) | (11) | 17 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (163) | (91) |
Other | 49 | 4 | (176) |
Assets at end of period | 418 | 649 | 664 |
Financial assets designated at fair value through profit or loss | Credit institutions | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 0 | 0 | 163 |
Purchases/ Issuances | 0 | 0 | 164 |
Sales/Settlements | 0 | 0 | 0 |
Changes in fair value recognised in profit or loss | 0 | 0 | (1) |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (163) | (50) |
Other | 0 | 0 | 0 |
Assets at end of period | 0 | 163 | 50 |
Financial assets designated at fair value through profit or loss | Customers | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 5 | 18 | 19 |
Purchases/ Issuances | 0 | 0 | 0 |
Sales/Settlements | (9) | (2) | (15) |
Changes in fair value recognised in profit or loss | (5) | 0 | 3 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | 0 |
Other | 1 | 1 | (1) |
Assets at end of period | 18 | 19 | 32 |
Financial assets designated at fair value through profit or loss | Debt securities | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 422 | 400 | 467 |
Purchases/ Issuances | 0 | 59 | 116 |
Sales/Settlements | 0 | (118) | (30) |
Changes in fair value recognised in profit or loss | (26) | (11) | 15 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | (41) |
Other | 48 | 3 | (175) |
Assets at end of period | 400 | 467 | 582 |
Non-trading financial assets mandatorily at fair value through profit or loss | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 1,833 | 1,865 | 934 |
Purchases/ Issuances | 521 | 534 | 120 |
Sales/Settlements | (579) | (251) | (292) |
Changes in fair value recognised in profit or loss | 98 | 127 | (36) |
Transfers out of Level 3 of fair value hierarchy, assets | (22) | (119) | |
Transfers into Level 3 of fair value hierarchy, assets | 485 | ||
Other | (50) | 36 | (340) |
Assets at end of period | 1,865 | 934 | 1,601 |
Non-trading financial assets mandatorily at fair value through profit or loss | Customers | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 239 | 268 | 295 |
Purchases/ Issuances | 276 | 122 | 104 |
Sales/Settlements | (280) | (149) | (136) |
Changes in fair value recognised in profit or loss | (25) | 0 | 12 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (3) | (30) |
Other | 0 | 3 | (31) |
Assets at end of period | 268 | 295 | 376 |
Non-trading financial assets mandatorily at fair value through profit or loss | Debt securities | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 325 | 366 | 134 |
Purchases/ Issuances | 51 | 206 | 0 |
Sales/Settlements | (33) | (28) | (144) |
Changes in fair value recognised in profit or loss | (31) | 28 | (63) |
Transfers out of Level 3 of fair value hierarchy, assets | (27) | ||
Transfers into Level 3 of fair value hierarchy, assets | 17 | 2 | |
Other | (1) | 9 | (336) |
Assets at end of period | 366 | 134 | 675 |
Non-trading financial assets mandatorily at fair value through profit or loss | Equity instruments | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 1,269 | 1,231 | 505 |
Purchases/ Issuances | 194 | 206 | 16 |
Sales/Settlements | (266) | (74) | (12) |
Changes in fair value recognised in profit or loss | 154 | 99 | 15 |
Transfers out of Level 3 of fair value hierarchy, assets | (91) | ||
Transfers into Level 3 of fair value hierarchy, assets | 5 | 471 | |
Other | (49) | 24 | 27 |
Assets at end of period | 1,231 | 505 | 550 |
Financial assets at fair value through other comprehensive income | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 5,647 | 4,847 | 6,220 |
Purchases/ Issuances | 8,564 | 5,681 | 8,795 |
Sales/Settlements | (8,029) | (6,588) | (7,616) |
Changes in fair value recognised in profit or loss | 0 | 0 | 0 |
Changes in fair value recognised in equity | (172) | (228) | (390) |
Transfers out of Level 3 of fair value hierarchy, assets | (241) | ||
Transfers into Level 3 of fair value hierarchy, assets | 417 | 571 | |
Other | 20 | 3 | 1,072 |
Assets at end of period | 4,847 | 6,220 | 3,788 |
Financial assets at fair value through other comprehensive income | Loans and advances | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 4,718 | 3,880 | 4,791 |
Purchases/ Issuances | 8,471 | 5,597 | |
Sales/Settlements | (7,988) | (6,298) | |
Changes in fair value recognised in profit or loss | 0 | 0 | |
Changes in fair value recognised in equity | 1 | (37) | |
Transfers out of Level 3 of fair value hierarchy, assets | (173) | ||
Transfers into Level 3 of fair value hierarchy, assets | 349 | ||
Other | 5 | 0 | |
Assets at end of period | 3,880 | 4,791 | |
Financial assets at fair value through other comprehensive income | Debt securities | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 229 | 146 | 206 |
Purchases/ Issuances | 91 | 75 | |
Sales/Settlements | (23) | (25) | |
Changes in fair value recognised in profit or loss | 0 | 0 | |
Changes in fair value recognised in equity | 0 | (43) | |
Transfers out of Level 3 of fair value hierarchy, assets | (68) | ||
Transfers into Level 3 of fair value hierarchy, assets | 0 | ||
Other | 15 | 1 | |
Assets at end of period | 146 | 206 | |
Financial assets at fair value through other comprehensive income | Equity instruments | |||
Changes in financial instruments, Assets | |||
Assets at beginning of period | 700 | 821 | € 1,223 |
Purchases/ Issuances | 2 | 9 | |
Sales/Settlements | (18) | (265) | |
Changes in fair value recognised in profit or loss | 0 | 0 | |
Changes in fair value recognised in equity | (173) | (148) | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Transfers into Level 3 of fair value hierarchy, assets | 68 | ||
Other | 0 | 2 | |
Assets at end of period | € 821 | € 1,223 |
Accounting policies - Schedul_5
Accounting policies - Schedule of offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | € 304,375 | € 173,509 | € 219,302 |
Gross amount of financial assets offset in the balance sheet | (150,692) | (56,348) | (77,053) |
Net amount of financial assets presented in the balance sheet | 153,683 | 117,161 | 142,249 |
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 324,577 | 174,886 | 210,238 |
Gross amount of financial liabilities offset in the balance sheet | (150,692) | (56,348) | (77,053) |
Net amount of financial liabilities presented in the balance sheet | 173,885 | 118,537 | 133,185 |
Derivatives | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 176,814 | 101,486 | 136,437 |
Gross amount of financial assets offset in the balance sheet | (101,743) | (42,432) | (60,975) |
Net amount of financial assets presented in the balance sheet | 75,071 | 59,054 | 75,462 |
Reverse repurchase agreements | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 127,561 | 72,023 | 82,865 |
Gross amount of financial assets offset in the balance sheet | (48,949) | (13,916) | (16,078) |
Net amount of financial assets presented in the balance sheet | 78,612 | 58,107 | 66,787 |
Derivatives | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 175,862 | 101,462 | 132,313 |
Gross amount of financial liabilities offset in the balance sheet | (101,743) | (42,432) | (60,975) |
Net amount of financial liabilities presented in the balance sheet | 74,119 | 59,029 | 71,338 |
Reverse repurchase agreements | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 148,715 | 73,424 | 77,925 |
Gross amount of financial liabilities offset in the balance sheet | (48,949) | (13,916) | (16,078) |
Net amount of financial liabilities presented in the balance sheet | € 99,766 | € 59,508 | € 61,847 |
Accounting policies - Offsettin
Accounting policies - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Accounting Policies [Abstract] | |||
Gross amount of other items offset in the balance sheet | € 1,024 | € 1,188 | € 1,194 |
Assets subject to netting and collateral arrangements on balance sheet | 141,529 | 106,430 | 130,653 |
Liabilities subject to netting and collateral arrangements on balance sheet | € 157,572 | € 104,130 | € 122,416 |
Accounting policies - Impairmen
Accounting policies - Impairment of financial assets (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Disclosure Of Accounting Policies [Abstract] | |
Default rate expected increase (in percentage) | 0.19% |
Expected impact on credit risk provision | € 0 |
Accounting policies - Non-curre
Accounting policies - Non-current assets and liabilities associated with non-current assets held for sale (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fair value measurement of assets [line items] | ||
Maximum percentage of appraisal company's total billings to Group | 15% | |
Fair value less costs to sell of non-current assets held for sale exceeding carrying amount | € 631 | € 567 |
Spain | ||
Disclosure of fair value measurement of assets [line items] | ||
Percentage of entity's total non-current assets held for sale | 90% |
Accounting policies - Schedul_6
Accounting policies - Schedule of depreciation rates of tangible assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings for own use | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate, property, plant and equipment | 2.70% |
Furniture | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate, property, plant and equipment | 8.40% |
Fixtures | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate, property, plant and equipment | 8.40% |
Office and IT equipment | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate, property, plant and equipment | 23.60% |
Accounting policies - Income ta
Accounting policies - Income tax (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure Of Accounting Policies [Abstract] | |
Unrecognised, deferred tax liabilities | € 374.6 |
Accounting policies - Consolida
Accounting policies - Consolidated statement of cash flows (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Accounting Policies [Abstract] | |||
Interest received | € 69,282 | € 48,081 | € 43,953 |
Interest paid | € 23,390 | € 12,738 | € 13,690 |
Grupo Santander - Tender offer
Grupo Santander - Tender offer for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Details) - Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | Feb. 07, 2023 $ / shares | Feb. 07, 2023 € / shares | Nov. 30, 2022 | Oct. 21, 2022 | Dec. 10, 2021 $ / shares | Dec. 10, 2021 € / shares | Dec. 10, 2021 $ / shares |
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 3.76% | 4.50% | 4.50% | 4.50% | |||
Expected consideration (in MXN/EUR per share) | (per share) | $ 26.5 | € 1 | |||||
Expected consideration per American Depositary Share (in MXN per share) | (per share) | $ 132.50 | $ 6.2486 | |||||
Business combination, minimum acceptance percentage by Shareholders of acquiree | 95% | ||||||
Major business combination | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Expected consideration (in MXN/EUR per share) | (per share) | $ 24.52 | € 1.20 | |||||
Expected consideration per American Depositary Share (in MXN per share) | $ 122.6 |
Grupo Santander - Agreement to
Grupo Santander - Agreement to acquire a significant holding in Ebury Partners Limited (Details) - Ebury € in Millions, £ in Millions | 8 Months Ended | ||||||
Apr. 30, 2022 GBP (£) | Apr. 28, 2020 GBP (£) | Dec. 31, 2022 EUR (€) | Apr. 30, 2022 EUR (€) | Apr. 28, 2020 EUR (€) | Dec. 31, 2019 GBP (£) | Dec. 31, 2019 EUR (€) | |
Disclosure of detailed information about business combination [line items] | |||||||
Consideration transferred, acquisition-date fair value | £ 113 | £ 357 | € 135 | € 409 | £ 40 | € 45 | |
Equity interests of acquirer | £ 60 | £ 70 | 72 | € 80 | |||
Percentage of voting equity interests acquired | 6.40% | 6.40% | |||||
Ownership interest in subsidiary | 66.54% | 50.38% | |||||
Identifiable net assets acquired | 413 | ||||||
Goodwill recognised as of acquisition date | € 316 | ||||||
Profit (loss) of acquiree since acquisition date | € 0 | ||||||
Profit (loss) of combined entity as if combination occurred at beginning of period | € 0 |
Grupo Santander - Purchase by S
Grupo Santander - Purchase by SHUSA for shares of Santander Consumer USA (Details) - Santander Holdings USA, Inc. - Santander Consumer USA Holdings Inc. $ / shares in Units, € in Millions, $ in Millions | Jan. 31, 2022 EUR (€) | Jul. 01, 2021 $ / shares | Jan. 31, 2022 USD ($) | Aug. 31, 2021 $ / shares |
Disclosure of detailed information about business combination [line items] | ||||
Expected consideration (in MXN/EUR per share) | $ / shares | $ 41.50 | |||
Premium over closing price of common stock (in percentage) | 14% | |||
Trading closing price of common stock (in USD per share) | $ / shares | $ 36.43 | |||
Ownership interest in subsidiary | 100% | |||
Consideration transferred, acquisition-date fair value | € 2,239 | $ 2,510 | ||
Decrease in reserves | € | 487 | |||
Decrease in minority interests | € | € 1,752 |
Grupo Santander - Acquisition o
Grupo Santander - Acquisition of Amherst Pierpoint Securities LLC, a U.S. fixed-income broker dealer (Details) - Santander Holdings USA, Inc. € in Millions, $ in Millions | 9 Months Ended | ||||
Dec. 31, 2022 EUR (€) | Apr. 11, 2022 EUR (€) | Apr. 11, 2022 USD ($) | Jul. 15, 2021 EUR (€) | Jul. 15, 2021 USD ($) | |
Amherst Pierpoint Securities | |||||
Disclosure of detailed information about business combination [line items] | |||||
Financing provided, related party transactions | € 147 | $ 163 | |||
Amherst Pierpoint Securities | |||||
Disclosure of detailed information about business combination [line items] | |||||
Consideration transferred, acquisition-date fair value | € 405 | $ 450 | |||
Goodwill recognised as of acquisition date | 158 | ||||
Identifiable intangible assets recognised as of acquisition date | € 24 | ||||
Profit (loss) of combined entity as if combination occurred at beginning of period | € 0 |
Grupo Santander - Tender offe_2
Grupo Santander - Tender offer for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Details) - Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México € / shares in Units, € in Millions | 1 Months Ended | |||||
Dec. 10, 2021 $ / shares shares | Mar. 26, 2021 | Dec. 10, 2021 EUR (€) | Oct. 21, 2022 | Dec. 10, 2021 € / shares | Dec. 10, 2021 $ / shares | |
Disclosure of detailed information about business combination [line items] | ||||||
Proportion of ownership interests held by non-controlling interests | 8.30% | |||||
Number of shares per American Depository Share (in shares) | shares | 5 | |||||
Percentage of voting equity interests acquired | 4.50% | 3.76% | 4.50% | 4.50% | ||
Ownership interest in subsidiary | 96.20% | |||||
Expected consideration (in USD/MXN per share) | (per share) | $ 26.5 | € 1 | ||||
Expected consideration per American Depositary Share (in MXN per share) | (per share) | $ 132.50 | $ 6.2486 | ||||
Consideration paid (received) | € 335 | |||||
Decrease in reserves | 41 | |||||
Decrease in minority interests | € 294 |
Grupo Santander - Reorganizatio
Grupo Santander - Reorganization of the banking insurance business, asset management and pension plans in Spain (Details) - EUR (€) € in Millions | Jul. 10, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 31, 2020 | Dec. 31, 2019 | Jun. 25, 2019 | Jun. 24, 2019 |
Disclosure of detailed information about business combination [line items] | ||||||||
Associated entities | € 5,634 | € 5,833 | € 6,130 | |||||
Aegon Santander Seguros | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of business acquired by first counterparty | 51% | |||||||
Proportion of ownership interests not held by entity | 51% | |||||||
Consideration transferred, acquisition-date fair value | € 557 | |||||||
Mapfre | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Consideration transferred, acquisition-date fair value | € 82 | |||||||
Percentage of business acquired by second counterparty | 50.01% | |||||||
Popular Spain Holding De Inversiones, S.L.U. | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of voting equity interests acquired | 60% | |||||||
Liability due at termination of agreement | € 859 | |||||||
Consideration transferred, acquisition-date fair value | 711 | |||||||
Goodwill recognised as of acquisition date | € 271 | |||||||
Popular Spain Holding De Inversiones, S.L.U. | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of voting equity interests acquired | 40% | |||||||
Associated entities | € 409 |
Grupo Santander - Offshore enti
Grupo Santander - Offshore entities (Details) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) employee branch subsidiary entity | Feb. 28, 2023 jurisdiction | Dec. 31, 2021 employee subsidiary branch | Dec. 31, 2020 employee | |
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries tax resident in the UK | 2 | |||
Number of persons | employee | 206,462 | 199,177 | 193,226 | |
Number of jurisdictions within EU's blacklist | jurisdiction | 16 | |||
Number of jurisdictions within EU's grey list | jurisdiction | 18 | |||
Bermuda | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries tax resident in the UK | 1 | |||
Guernsey | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries tax resident in the UK | 1 | |||
Off-shore entities | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries tax resident in the UK | 2 | |||
Spanish legislation | Off-shore entities | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 1 | 1 | ||
Number of branches resident in off-shore territories | branch | 3 | 3 | ||
Spanish legislation | Off-shore entities | Jersey | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 1 | |||
Number of branches resident in off-shore territories | branch | 1 | |||
Spanish legislation | Off shore entities, subsidiaries | Jersey | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 1 | |||
Profit (loss), contribution to parent results | € | € 0 | |||
Number of persons | employee | 0 | |||
Spanish legislation | Off shore entities, branches | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches resident in off-shore territories | branch | 3 | |||
Number of persons | employee | 155 | |||
Council of the EU blacklist | Off-shore entities | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 2 | 3 | ||
Number of branches resident in off-shore territories | branch | 1 | 1 | ||
Number of entities resident in off-shore territories | entity | 3 | |||
Council of the EU blacklist | Off-shore entities | The Bahamas | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 2 | |||
Number of branches resident in off-shore territories | branch | 1 | |||
Number of persons | employee | 27 | |||
Council of the EU blacklist | Off shore entities, subsidiaries | The Bahamas | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | 2 | |||
Council of the EU blacklist | Off shore entities, branches | The Bahamas | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches resident in off-shore territories | branch | 1 |
Grupo Santander - Schedule of l
Grupo Santander - Schedule of list of offshore territories (Details) | 12 Months Ended | |
Dec. 31, 2022 branch subsidiary | Dec. 31, 2021 branch subsidiary | |
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident in the UK | 2 | |
Guernsey | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident in the UK | 1 | |
Bermuda | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident in the UK | 1 | |
Off-shore entities | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident in the UK | 2 | |
Off-shore entities | Spanish legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries resident in off-shore territories | 1 | 1 |
Number of branches resident in off-shore territories | branch | 3 | 3 |
Off-shore entities | Council of the EU blacklist | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries resident in off-shore territories | 2 | 3 |
Number of branches resident in off-shore territories | branch | 1 | 1 |
Off-shore entities | OECD | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries resident in off-shore territories | 0 | 0 |
Number of branches resident in off-shore territories | branch | 0 | 0 |
Off-shore entities | Jersey | Spanish legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries resident in off-shore territories | 1 | |
Number of branches resident in off-shore territories | branch | 1 | |
Off-shore entities | Isle of Man | Spanish legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches resident in off-shore territories | branch | 1 | |
Off-shore entities | Cayman Islands | Spanish legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches resident in off-shore territories | branch | 1 | |
Off-shore entities | The Bahamas | Council of the EU blacklist | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries resident in off-shore territories | 2 | |
Number of branches resident in off-shore territories | branch | 1 | |
Number of subsidiaries merged | 1 |
Distribution of Banco Santand_3
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Schedule of distribution of the Bank's net profit (Details) - EUR (€) | 1 Months Ended | 8 Months Ended | 12 Months Ended | ||||
Sep. 27, 2022 | May 02, 2022 | Nov. 30, 2022 | Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit Distribution [Line Items] | |||||||
To dividends | € 0 | € 2,348,000,000 | € 1,961,000,000 | € 826,000,000 | |||
Profit or loss for the year | 10,764,000,000 | € 9,653,000,000 | € (7,708,000,000) | ||||
Interim dividend | |||||||
Profit Distribution [Line Items] | |||||||
Dividends per share (in eur per share) | € 5.83 | ||||||
Complementary dividend | |||||||
Profit Distribution [Line Items] | |||||||
To dividends | € 869,000,000 | ||||||
Dividends per share (in eur per share) | € 5.15 | ||||||
Dividends proposed, total per share (in eur per share) | € 5.95 | ||||||
Banco Santander, S.A. | |||||||
Profit Distribution [Line Items] | |||||||
To dividends | 1,942,000,000 | ||||||
To voluntary reserves | 5,979,000,000 | ||||||
Profit or loss for the year | 7,921,000,000 | ||||||
Number of shares outstanding, entitled to receive dividend | 16,190,866,119 | ||||||
Banco Santander, S.A. | Interim dividend | |||||||
Profit Distribution [Line Items] | |||||||
To dividends | € 979,000,000 | ||||||
Dividends per share (in eur per share) | € 5.83 | ||||||
Banco Santander, S.A. | Complementary dividend | |||||||
Profit Distribution [Line Items] | |||||||
To dividends | € 963,356,534 | ||||||
Dividends proposed, total per share (in eur per share) | € 5.95 |
Distribution of Banco Santand_4
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Narrative (Details) - EUR (€) € / shares in Units, € in Millions | 1 Months Ended | 8 Months Ended | 12 Months Ended | ||||
Sep. 27, 2022 | May 02, 2022 | Nov. 30, 2022 | Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit Distribution [Line Items] | |||||||
Dividends recognised as distributions to owners | € 0 | € 2,348 | € 1,961 | € 826 | |||
2021 program, first program | |||||||
Profit Distribution [Line Items] | |||||||
Share buyback program, amount | 979 | ||||||
2021 program, second program | |||||||
Profit Distribution [Line Items] | |||||||
Share buyback program, amount | € 921 | ||||||
2022 program | |||||||
Profit Distribution [Line Items] | |||||||
Share buyback program, amount | € 865 | ||||||
Interim dividend | |||||||
Profit Distribution [Line Items] | |||||||
Dividends per share (in eur per share) | € 5.83 | ||||||
Complementary dividend | |||||||
Profit Distribution [Line Items] | |||||||
Dividends per share (in eur per share) | € 5.15 | ||||||
Dividends proposed, total per share (in eur per share) | € 5.95 | ||||||
Dividends recognised as distributions to owners | € 869 |
Distribution of Banco Santand_5
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Schedule of provisional accounting statement for interim dividend (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | |||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Shareholder Remuneration System And Earnings Per Share [Abstract] | |||||
Profit before taxes | € 3,829 | € 15,250 | € 14,547 | € (2,076) | |
Tax on profit | (69) | (4,486) | (4,894) | (5,632) | |
Dividends paid in cash | 0 | (2,348) | (1,961) | (826) | |
Distributable maximum amount | 3,760 | ||||
Cash, cash balances at Central Banks and other deposits on demand | € 130,519 | € 223,073 | € 210,689 | € 153,839 | € 101,067 |
Distribution of Banco Santand_6
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Schedule of basic earnings per share (Details) - EUR (€) € / shares in Units, € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Basic earnings per share [abstract] | ||||
Profit (loss) attributable to the Parent | € 9,605 | € 8,124 | € (8,771) | |
Remuneration of PPCC and PPCA | (529) | (566) | (552) | |
Profit (loss) attributable to ordinary equity holders of parent | 9,076 | 7,558 | (9,323) | |
Profit (loss) from discontinued operations (non controlling interest net) | 0 | 0 | 0 | |
Profit (loss) from continuing operations (PPC net) | € 9,076 | € 7,558 | € (9,323) | |
Weighted average number of shares outstanding (in shares) | 16,848,344,667 | 17,272,055,430 | 17,316,288,908 | |
Adjusted number of shares (in shares) | 16,848,344,667 | 17,272,055,430 | 17,316,288,908 | |
Basic earnings (loss) per share (in euro per share) | € 0.539 | € 0.438 | € (0.538) | |
Basic earnings (loss) per share from discontinued operations (in euro per share) | 0 | 0 | 0 | |
Basic earnings (loss) per share from continuing operations (in euro per share) | € 0.539 | € 0.438 | € (0.538) | |
To dividends | € 0 | € 2,348 | € 1,961 | € 826 |
Distribution of Banco Santand_7
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Schedule of diluted earnings per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Diluted earnings per share [abstract] | |||
Profit (loss) attributable to the Parent | € 9,605 | € 8,124 | € (8,771) |
Remuneration of PPCC and PPCA | (529) | (566) | (552) |
Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares | 0 | 0 | 0 |
Profit (loss) attributable to ordinary equity holders of parent including dilutive effects | 9,076 | 7,558 | (9,323) |
Profit (loss) from discontinued operations (non controlling interest net) | 0 | 0 | 0 |
Profit (loss) from continuing operations (net of non-controlling interests and CCP) | € 9,076 | € 7,558 | € (9,323) |
Weighted average number of shares outstanding (in shares) | 16,848,344,667 | 17,272,055,430 | 17,316,288,908 |
Dilutive effect of options/rights on shares (in shares) | 55,316,206 | 48,972,459 | |
Adjusted number of shares (in shares) | 16,903,660,873 | 17,321,027,889 | 17,316,288,908 |
Diluted earnings (loss) per share (in euro per share) | € 0.537 | € 0.436 | € (0.538) |
Diluted earnings (loss) per share from discontinued operations (in euro per share) | 0 | 0 | 0 |
Diluted earnings (loss) per share from continuing operations (in euro per share) | € 0.537 | € 0.436 | € (0.538) |
Remuneration and other benefi_3
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration of Directors (Details) | 12 Months Ended | |
Dec. 31, 2022 EUR (€) payments annuity branch remuneration_component portion | Dec. 31, 2021 EUR (€) | |
Disclosure of transactions between related parties [line items] | ||
Immediate payment percentage | 40% | |
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | portion | 5 | |
Deferred payment, number of annuities | annuity | 3 | |
Maximum achievement ratio | 125% | |
Return on average tangible shareholders' equity (in percentage) | 13.37% | |
Deferred variable compensation plan linked to multiannual objectives | ||
Disclosure of transactions between related parties [line items] | ||
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Deferred payment, number of annuities | annuity | 3 | |
Deferred payment, percentage paid in cash | 50% | |
Deferred payment, percentage paid in shares | 50% | |
Fair value of plan, initial achievement | 70% | |
Deferred variable compensation plan linked to multiannual objectives | Minimum | ||
Disclosure of transactions between related parties [line items] | ||
Deferral period | 3 years | |
Deferred variable compensation plan linked to multiannual objectives | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Deferral period | 5 years | |
Directors | ||
Disclosure of transactions between related parties [line items] | ||
Number of remuneration components | remuneration_component | 2 | |
By-law stipulated emoluments | € 4,700,000 | € 4,800,000 |
Annual emoluments, per director | 95,000 | 90,000 |
Directors | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Remuneration of directors approved by the board of directors | € 6,000,000 | € 6,000,000 |
Directors | Deferred variable compensation plan linked to multiannual objectives | ||
Disclosure of transactions between related parties [line items] | ||
Immediate payment percentage | 40% | |
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | payments | 3 | |
Chairman and CEO | Ana Botina and Jose Antonio Alvarez | ||
Disclosure of transactions between related parties [line items] | ||
Pensionable base, expressed as a percent of fixed, percentage | 22% | |
Pensionable base, expressed as a percent of fixed, bonus average | 30% | |
Pensionable base, expressed as a percent of fixed, number of previous bonuses | branch | 3 |
Remuneration and other benefi_4
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising annual emolument (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Bruce Carnegie-Brown | Minimum | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | € 700,000 | |
Members of the board of directors | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 95,000 | € 90,000 |
Members of the executive committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 170,000 | 170,000 |
Members of the audit committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 40,000 | 40,000 |
Members of the appointments committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 25,000 | 25,000 |
Members of the remuneration committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 25,000 | 25,000 |
Members of the risk supervision, regulation and compliance committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 40,000 | 40,000 |
Members of the responsible banking, sustainability and culture committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 15,000 | 15,000 |
Members of the innovation and technology committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 25,000 | 25,000 |
Chair of the audit committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 70,000 | 70,000 |
Chair of the appointments committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 50,000 | 50,000 |
Chair of the remuneration committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 50,000 | 50,000 |
Chair of the risk supervision, regulation and compliance committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 70,000 | 70,000 |
Chair of the responsible banking, sustainability and culture committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 50,000 | 50,000 |
Chair of the innovation and technology committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 70,000 | 70,000 |
Lead director | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | 110,000 | 110,000 |
Non-executive Vice Chair | ||
Disclosure of transactions between related parties [line items] | ||
Annual emoluments, per director | € 30,000 | € 30,000 |
Remuneration and other benefi_5
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising attendance fees (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Board of directors | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions per meeting | € 2,600 | € 2,600 |
Audit committee and risk supervision, regulation and compliance committee | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions per meeting | 1,700 | 1,700 |
Other committees (excluding executive committee) | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions per meeting | € 1,500 | € 1,500 |
Remuneration and other benefi_6
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives), Directors (Details) - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | € 930 | € 1,036 |
Fixed | 5,717 | 6,467 |
Variable - immediate payment in cash | 2,827 | 3,079 |
Variable - immediate payment in instruments | 2,829 | 3,079 |
Deferred variable in cash | 1,697 | 1,847 |
Deferred variable in instruments | 1,697 | 1,848 |
Total | 14,767 | 16,320 |
Pension contribution | 1,892 | 1,824 |
Other remuneration | 3,719 | 3,542 |
Total | 25,071 | 26,487 |
Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 41 | |
Fixed | 3,176 | |
Variable - immediate payment in cash | 1,688 | |
Variable - immediate payment in instruments | 1,689 | |
Deferred variable in cash | 1,013 | |
Deferred variable in instruments | 1,013 | |
Total | 8,579 | |
Pension contribution | 1,081 | |
Other remuneration | 961 | |
Total | 11,001 | 11,436 |
José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 39 | |
Fixed | 2,541 | |
Variable - immediate payment in cash | 1,139 | |
Variable - immediate payment in instruments | 1,140 | |
Deferred variable in cash | 684 | |
Deferred variable in instruments | 684 | |
Total | 6,188 | |
Pension contribution | 811 | |
Other remuneration | 1,758 | |
Total | 9,086 | 9,160 |
Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 75 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 700 | 700 |
Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 69 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 244 | 248 |
Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 34 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 129 | 129 |
Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 11 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 39 | 183 |
R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 40 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 147 | 374 |
Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 70 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 230 | 239 |
Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 76 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 261 | 267 |
Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 52 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 172 | 130 |
Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 82 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 1,000 | |
Total | 1,412 | 1,406 |
Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 90 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 500 | 499 |
Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 36 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 131 | 879 |
Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 94 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 549 | 533 |
Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 78 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 323 | 303 |
German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 40 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 137 | 0 |
Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Attendance fees and commissions | 4 | |
Fixed | 0 | |
Variable - immediate payment in cash | 0 | |
Variable - immediate payment in instruments | 0 | |
Deferred variable in cash | 0 | |
Deferred variable in instruments | 0 | |
Total | 0 | |
Pension contribution | 0 | |
Other remuneration | 0 | |
Total | 10 | 0 |
Board of directors | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 1,561 | 1,536 |
Board of directors | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 280 | |
Board of directors | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 24 | |
Board of directors | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 48 | |
Board of directors | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Luis Isasi | Santander Spain | ||
Disclosure of transactions between related parties [line items] | ||
Compensation received as representative from subsidiary | 1,000 | |
Board of directors | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 95 | |
Board of directors | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 66 | |
Board of directors | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 3 | |
Executive committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 1,020 | 1,020 |
Executive committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 170 | |
Executive committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Executive committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 301 | 270 |
Audit committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Audit committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Audit committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Audit committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Audit committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Audit committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 110 | |
Audit committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 31 | |
Audit committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 139 | 126 |
Appointments committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 75 | |
Appointments committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 13 | |
Appointments committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Appointments committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Appointments committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Appointments committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 1 | |
Remuneration committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 159 | 175 |
Remuneration committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 75 | |
Remuneration committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 8 | |
Remuneration committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Remuneration committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Remuneration committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Remuneration committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Remuneration committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 1 | |
Risk supervision, regulation and compliance oversight committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 241 | 268 |
Risk supervision, regulation and compliance oversight committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 11 | |
Risk supervision, regulation and compliance oversight committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Risk supervision, regulation and compliance oversight committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Risk supervision, regulation and compliance oversight committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 110 | |
Risk supervision, regulation and compliance oversight committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 40 | |
Risk supervision, regulation and compliance oversight committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Risk supervision, regulation and compliance oversight committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 114 | 125 |
Responsible banking, sustainability and culture committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 15 | |
Responsible banking, sustainability and culture committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 4 | |
Responsible banking, sustainability and culture committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 15 | |
Responsible banking, sustainability and culture committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 65 | |
Responsible banking, sustainability and culture committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 15 | |
Responsible banking, sustainability and culture committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Responsible banking, sustainability and culture committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 229 | € 245 |
Innovation and technology committee | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 74 | |
Innovation and technology committee | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Innovation and technology committee | Bruce Carnegie-Brown | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Innovation and technology committee | Homaira Akbari | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Innovation and technology committee | Javier Botin | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Mr Álvaro Cardoso de Souza | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | R. Martin Chavez | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 29 | |
Innovation and technology committee | Sol Daurella | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Henrique de Castro | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Innovation and technology committee | Gina Díez Barroso | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Luis Isasi | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Ramiro Mato | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Sergio Rial | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Belén Romana | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 25 | |
Innovation and technology committee | Pamela Walkden | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | German de la Fuente | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | 0 | |
Innovation and technology committee | Glenn Hutchins | ||
Disclosure of transactions between related parties [line items] | ||
Annual emolument | € 1 |
Remuneration and other benefi_7
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising remuneration related to multi-annual variable objectives, Directors (Details) - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Number of years of compensation subject to conditions of continued service | 3 years | |
Deferred variable compensation plan linked to multiannual objectives | Chairman and CEO | ||
Disclosure of transactions between related parties [line items] | ||
Variable subject to Long-term objectives in cash | € 1,782 | |
Variable subject to Long-term objectives in shares | 677 | |
Variable subject to Long-term objectives in options | 677 | |
Variable subject to Long-term objectives in RSUs | 428 | |
Total | 3,564 | € 3,880 |
Deferred variable compensation plan linked to multiannual objectives | Chairman and CEO | Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Variable subject to Long-term objectives in cash | 1,064 | |
Variable subject to Long-term objectives in shares | 404 | |
Variable subject to Long-term objectives in options | 404 | |
Variable subject to Long-term objectives in RSUs | 255 | |
Total | 2,128 | 2,316 |
Deferred variable compensation plan linked to multiannual objectives | Chairman and CEO | José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Variable subject to Long-term objectives in cash | 718 | |
Variable subject to Long-term objectives in shares | 273 | |
Variable subject to Long-term objectives in options | 273 | |
Variable subject to Long-term objectives in RSUs | 172 | |
Total | € 1,436 | € 1,563 |
Remuneration and other benefi_8
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration of the board members as representatives of the Bank (Details) - 12 months ended Dec. 31, 2022 € in Thousands, £ in Thousands, R$ in Thousands, $ in Thousands | EUR (€) | BRL (R$) | USD ($) | GBP (£) |
Mr Álvaro Cardoso de Souza | Banco Santander (Brasil) S.A. | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | € 28 | R$ 150 | ||
Homaira Akbari | Santander Consumer USA Holdings Inc. | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 161 | $ 169 | ||
Homaira Akbari | PagoNxt | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 200 | |||
R. Martin Chavez | PagoNxt | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 200 | |||
Henrique de Castro | PagoNxt | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 200 | |||
Pamela Walkden | Santander UK PLC and Santander UK Group Holdings | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 147 | £ 125 | ||
Sergio Rial | Banco Santander (Brasil) S.A. | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 2,000 | R$ 10981 | ||
Sergio Rial | Ebury Partners | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 286 | £ 244 | ||
Luis Isasi | Santander Spain and Banco Santander | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative from subsidiary | 1,000 | |||
Hector Grisi | ||||
Disclosure of transactions between related parties [line items] | ||||
Compensation received as representative | € 2,500 |
Remuneration and other benefi_9
Remuneration and other benefits paid to the Bank’s directors and senior managers - Post-employment and other long-term benefits (Details) | 12 Months Ended |
Dec. 31, 2022 variable_remuneration | |
Disclosure of transactions between related parties [line items] | |
Period for investment in bank shares from date of termination | 5 years |
Directors | |
Disclosure of transactions between related parties [line items] | |
Pensionable base, expressed as a percent of fixed remuneration | 22% |
Pensionable base, percent of average last three variable renumeration amounts used in determination | 30% |
Pensionable base, number of variable renumeration amounts used in determination | 3 |
Remuneration and other benef_10
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising remuneration related to provisions for retirement pensions and supplementary benefits (Details) - Directors - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transactions between related parties [line items] | ||
Provisions for employee benefits | € 1,892 | € 1,825 |
Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Provisions for employee benefits | 1,081 | 1,041 |
José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Provisions for employee benefits | € 811 | € 783 |
Remuneration and other benef_11
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising remuneration related to welfare system (Details) - Directors - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Balances held under the welfare system | € 65,683 | € 66,896 |
Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Balances held under the welfare system | 46,725 | 48,075 |
José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Balances held under the welfare system | € 18,958 | € 18,821 |
Remuneration and other benef_12
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising remuneration related to life and disability insurance (Details) - Directors - Life insurance - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Life insurance, amount | € 38,333 | € 39,517 |
Ana Botín | ||
Disclosure of transactions between related parties [line items] | ||
Life insurance, amount | 20,988 | 21,489 |
José Antonio Álvarez | ||
Disclosure of transactions between related parties [line items] | ||
Life insurance, amount | € 17,345 | € 18,028 |
Remuneration and other benef_13
Remuneration and other benefits paid to the Bank’s directors and senior managers - Insurance (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Disbursed for payment of civil liability insurance premium | € 48,200,000 | € 25,500,000 |
Other directors | Life insurance | ||
Disclosure of transactions between related parties [line items] | ||
Life insurance, amount | € 0 | € 0 |
Remuneration and other benef_14
Remuneration and other benefits paid to the Bank’s directors and senior managers - Deferred variable remuneration systems (Details) € in Thousands | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) shares trading_session annuity payment_portion credit_institution metric | Dec. 31, 2021 EUR (€) | Dec. 31, 2014 | |
Disclosure of transactions between related parties [line items] | |||
Deferred payment percentage | 60% | ||
Deferral period | 5 years | ||
Deferred payment, number of annuities | annuity | 3 | ||
Maximum achievement ratio | 125% | ||
Directors | |||
Disclosure of transactions between related parties [line items] | |||
Cash paid, deferred | € | € 1,827 | € 2,586 | |
Directors | Ana Botín | |||
Disclosure of transactions between related parties [line items] | |||
Cash paid, deferred | € | 1,102 | 1,550 | |
Directors | José Antonio Álvarez | |||
Disclosure of transactions between related parties [line items] | |||
Cash paid, deferred | € | 726 | 1,037 | |
Retired executive directors | |||
Disclosure of transactions between related parties [line items] | |||
Cash paid, deferred | € | € 702 | € 1,213 | |
Deferred variable compensation plan linked to multiannual objectives | |||
Disclosure of transactions between related parties [line items] | |||
Deferred payment percentage | 60% | ||
Deferral period | 5 years | ||
Deferred payment, percentage paid in cash and shares | 40% | ||
Number of trading sessions | trading_session | 15 | ||
Deferred payment, number of payment portions | payment_portion | 5 | ||
Deferred payment, ROE objective, weight | 40% | ||
Deferred payment, TSR objective, number of peer credit institutions | credit_institution | 9 | ||
Deferred payment, TSR objective, weight | 40% | ||
Deferred payment, ESG objective, number of metrics | metric | 5 | ||
Deferred payment, ESG objective, weight | 20% | ||
Deferred payment, number of annuities | annuity | 3 | ||
Deferred payment, percentage paid in cash | 50% | ||
Deferred payment, percentage paid in shares | 50% | ||
Deferred variable compensation plan linked to multiannual objectives | Maximum | |||
Disclosure of transactions between related parties [line items] | |||
Deferral period | 5 years | ||
Deferred variable compensation plan linked to multiannual objectives | Directors | |||
Disclosure of transactions between related parties [line items] | |||
Deferred payment percentage | 60% | ||
Deferral period | 5 years | ||
Number of trading sessions | trading_session | 15 | ||
Deferred conditional variable renumeration plans up to 2014 | |||
Disclosure of transactions between related parties [line items] | |||
Deferral period | 3 years | ||
2022 variable remuneration | Directors | Ana Botín | Maximum | |||
Disclosure of transactions between related parties [line items] | |||
Options granted (in shares) | shares | 1,575,335 | ||
2022 variable remuneration | Directors | Ana Botín | Maximum | PagoNxt | |||
Disclosure of transactions between related parties [line items] | |||
RSU granted (in shares) | shares | 12,646 | ||
2022 variable remuneration | Directors | José Antonio Álvarez | Maximum | |||
Disclosure of transactions between related parties [line items] | |||
Options granted (in shares) | shares | 1,063,316 | ||
2022 variable remuneration | Directors | José Antonio Álvarez | Maximum | PagoNxt | |||
Disclosure of transactions between related parties [line items] | |||
RSU granted (in shares) | shares | 8,527 |
Remuneration and other benef_15
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising shares assigned for deferred variable remuneration plans (Details) | 12 Months Ended | |
Dec. 31, 2022 portion payments shares | Dec. 31, 2021 shares | |
Disclosure of transactions between related parties [line items] | ||
Immediate payment percentage | 40% | |
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | portion | 5 | |
2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Long-term metric achievement percentage | 33.30% | |
CET objective, result | 100% | |
CET objective, target | 11.30% | |
EPS growth objective, result | 0% | |
EPS growth objective, target | 25% | |
TSR minimum metric, result | 0% | |
TSR minimum metric, target | 33% | |
Individual objectives, weight | 33% | |
Deferred variable compensation plan linked to multiannual objectives | ||
Disclosure of transactions between related parties [line items] | ||
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Maximum | Deferred variable compensation plan linked to multiannual objectives | ||
Disclosure of transactions between related parties [line items] | ||
Deferral period | 5 years | |
Directors | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (92,146) | (92,147) |
Directors | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (52,334) | (52,334) |
Directors | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Instruments matured but not consolidated at beginning of period (in shares) | (344,689) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (57,440) | (172,336) |
Directors | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (177,613) | (177,613) |
Directors | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (191,732) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (57,520) | |
Directors | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (991,953) | |
Directors | Deferred variable compensation plan linked to multiannual objectives | ||
Disclosure of transactions between related parties [line items] | ||
Immediate payment percentage | 40% | |
Deferred payment percentage | 60% | |
Deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | payments | 3 | |
Directors | Ana Botín | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (55,015) | (55,014) |
Directors | Ana Botín | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (31,361) | (31,361) |
Directors | Ana Botín | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Instruments matured but not consolidated at beginning of period (in shares) | (206,618) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (34,431) | (103,304) |
Directors | Ana Botín | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (106,463) | (106,463) |
Directors | Ana Botín | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (124,246) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (37,274) | |
Directors | Ana Botín | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (592,249) | |
Directors | José Antonio Álvarez | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (37,131) | (37,133) |
Directors | José Antonio Álvarez | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (20,973) | (20,973) |
Directors | José Antonio Álvarez | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Instruments matured but not consolidated at beginning of period (in shares) | (138,072) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (23,008) | (69,032) |
Directors | José Antonio Álvarez | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (71,150) | (71,150) |
Directors | José Antonio Álvarez | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (67,486) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (20,246) | |
Directors | José Antonio Álvarez | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (399,704) | |
Directors | Maximum | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 92,146 | 184,293 |
Maximum number of shares to be delivered at end of period (in shares) | 92,146 | |
Directors | Maximum | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 104,668 | 157,001 |
Maximum number of shares to be delivered at end of period (in shares) | 52,334 | 104,668 |
Directors | Maximum | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 517,008 | 689,344 |
Maximum number of shares to be delivered at end of period (in shares) | 114,879 | 517,008 |
Directors | Maximum | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 710,452 | 888,065 |
Maximum number of shares to be delivered at end of period (in shares) | 532,839 | 710,452 |
Directors | Maximum | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 287,598 | 479,330 |
Maximum number of shares to be delivered at end of period (in shares) | 230,078 | 287,598 |
Directors | Maximum | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 2,479,881 | |
Maximum number of shares to be delivered at end of period (in shares) | 1,487,928 | 2,479,881 |
Directors | Maximum | 2022 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at end of period (in shares) | 979,995 | |
Directors | Maximum | Ana Botín | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 55,015 | 110,029 |
Maximum number of shares to be delivered at end of period (in shares) | 55,015 | |
Directors | Maximum | Ana Botín | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 62,722 | 94,083 |
Maximum number of shares to be delivered at end of period (in shares) | 31,361 | 62,722 |
Directors | Maximum | Ana Botín | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 309,911 | 413,215 |
Maximum number of shares to be delivered at end of period (in shares) | 68,862 | 309,911 |
Directors | Maximum | Ana Botín | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 425,853 | 532,316 |
Maximum number of shares to be delivered at end of period (in shares) | 319,390 | 425,853 |
Directors | Maximum | Ana Botín | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 186,369 | 310,615 |
Maximum number of shares to be delivered at end of period (in shares) | 149,095 | 186,369 |
Directors | Maximum | Ana Botín | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 1,480,622 | |
Maximum number of shares to be delivered at end of period (in shares) | 888,373 | 1,480,622 |
Directors | Maximum | Ana Botín | 2022 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at end of period (in shares) | 585,079 | |
Directors | Maximum | José Antonio Álvarez | 2016 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 37,131 | 74,264 |
Maximum number of shares to be delivered at end of period (in shares) | 37,131 | |
Directors | Maximum | José Antonio Álvarez | 2017 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 41,946 | 62,919 |
Maximum number of shares to be delivered at end of period (in shares) | 20,973 | 41,946 |
Directors | Maximum | José Antonio Álvarez | 2018 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 207,097 | 276,129 |
Maximum number of shares to be delivered at end of period (in shares) | 46,017 | 207,097 |
Directors | Maximum | José Antonio Álvarez | 2019 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 284,599 | 355,749 |
Maximum number of shares to be delivered at end of period (in shares) | 213,449 | 284,599 |
Directors | Maximum | José Antonio Álvarez | 2020 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 101,229 | 168,715 |
Maximum number of shares to be delivered at end of period (in shares) | 80,983 | 101,229 |
Directors | Maximum | José Antonio Álvarez | 2021 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 999,259 | |
Maximum number of shares to be delivered at end of period (in shares) | 599,555 | 999,259 |
Directors | Maximum | José Antonio Álvarez | 2022 variable remuneration | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at end of period (in shares) | 394,916 | |
Directors | Maximum | Sergio Rial | Banco Santander (Brasil) S.A. | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at end of period (in shares) | 269,148 | |
Number of shares earned (in shares) | 51,483 | |
Directors | Maximum | Rodrigo Echenique | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered at end of period (in shares) | 150,979 |
Remuneration and other benef_16
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising the cash paid for awards (Details) - Directors - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Remuneration of key personnel | ||
Cash paid, immediate | € 3,079 | € 515 |
Cash paid, deferred | 1,827 | 2,586 |
Ana Botín | ||
Remuneration of key personnel | ||
Cash paid, immediate | 1,838 | 334 |
Cash paid, deferred | 1,102 | 1,550 |
José Antonio Álvarez | ||
Remuneration of key personnel | ||
Cash paid, immediate | 1,241 | 181 |
Cash paid, deferred | € 726 | € 1,037 |
Remuneration and other benef_17
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising maximum number of shares to be delivered and actual number of shares delivered, former Directors (Details) - Retired executive directors - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred conditional variable remuneration plan (2015) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 92,557 |
Deferred conditional variable remuneration plan (2015) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 0 |
Performance shares plan ILP (2015) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 0 |
Deferred conditional variable remuneration plan and linked to objectives (2016) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 60,251 | 60,254 |
Deferred conditional variable remuneration plan and linked to objectives (2016) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 60,251 |
Deferred conditional variable remuneration plan and linked to objectives (2017) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 33,783 | 32,330 |
Deferred conditional variable remuneration plan and linked to objectives (2017) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 33,783 | 64,659 |
Deferred conditional variable remuneration plan and linked to objectives (2018) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 18,272 | 54,821 |
Deferred conditional variable remuneration plan and linked to objectives (2018) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 36,543 | 164,462 |
Deferred conditional variable remuneration plan and linked to objectives (2019) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 32,698 | 32,698 |
Deferred conditional variable remuneration plan and linked to objectives (2019) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 98,092 | 130,790 |
Deferred conditional variable remuneration plan and linked to objectives (2020) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 0 |
Deferred conditional variable remuneration plan and linked to objectives (2020) | Maximum | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 0 |
Remuneration and other benef_18
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule of direct risk exposure to bank's directors and the guarantees provided (Details) - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | € 274,075,000 | € 262,737,000 | € 241,230,000 |
Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 12,856,000 | 10,758,000 | € 12,377,000 |
Directors | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 105 | 115 | |
Directors | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 105 | 115 | |
Directors | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Ana Botín-Sanz de Sautuola y O´Shea | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 20 | 25 | |
Directors | Mrs Ana Botín-Sanz de Sautuola y O´Shea | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 20 | 25 | |
Directors | Mrs Ana Botín-Sanz de Sautuola y O´Shea | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr José Antonio Álvarez Álvarez | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 7 | 4 | |
Directors | Mr José Antonio Álvarez Álvarez | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 7 | 4 | |
Directors | Mr José Antonio Álvarez Álvarez | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Bruce Carnegie-Brown | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Bruce Carnegie-Brown | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Bruce Carnegie-Brown | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Javier Botín-Sanz de Sautuola y O´Shea | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 23 | 16 | |
Directors | Mr Javier Botín-Sanz de Sautuola y O´Shea | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 23 | 16 | |
Directors | Mr Javier Botín-Sanz de Sautuola y O´Shea | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Sol Daurella Comadrán | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 49 | 69 | |
Directors | Mrs Sol Daurella Comadrán | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 49 | 69 | |
Directors | Mrs Sol Daurella Comadrán | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Belén Romana García | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 1 | 0 | |
Directors | Mrs Belén Romana García | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 1 | 0 | |
Directors | Mrs Belén Romana García | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Ramiro Mato García-Ansorena | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Ramiro Mato García-Ansorena | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Ramiro Mato García-Ansorena | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Homaira Akbari | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Homaira Akbari | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Homaira Akbari | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Álvaro Cardoso de Souza | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Álvaro Cardoso de Souza | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Álvaro Cardoso de Souza | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Henrique de Castro | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Henrique de Castro | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Henrique de Castro | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Pamela Ann Walkden | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Pamela Ann Walkden | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Pamela Ann Walkden | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Luis Isasi Fernández de Bobadilla | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Luis Isasi Fernández de Bobadilla | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Luis Isasi Fernández de Bobadilla | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Sergio Agapito Lires Rial | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 5 | 1 | |
Directors | Mr Sergio Agapito Lires Rial | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 5 | 1 | |
Directors | Mr Sergio Agapito Lires Rial | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr R. Martín Chávez Márquez | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr R. Martín Chávez Márquez | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr R. Martín Chávez Márquez | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Gina Lorenza Díez Barroso | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Gina Lorenza Díez Barroso | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mrs Gina Lorenza Díez Barroso | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Germán de la Fuente Escamilla | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Germán de la Fuente Escamilla | Loans and credits | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | 0 | 0 | |
Directors | Mr Germán de la Fuente Escamilla | Guarantees | |||
Disclosure of transactions between related parties [line items] | |||
Exposure to credit risk on loan and credits and guarantees | € 0 | € 0 |
Remuneration and other benef_19
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives), Senior management (Details) € in Thousands | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) shares people employee | Dec. 31, 2021 EUR (€) people employee shares | Dec. 31, 2014 EUR (€) | Dec. 31, 2020 employee | |
Disclosure of transactions between related parties [line items] | ||||
Number of persons | employee | 206,462 | 199,177 | 193,226 | |
Fixed | € 5,717 | € 6,467 | ||
Variable remuneration in cash | 2,827 | 3,079 | ||
Variable remuneration in shares | 2,829 | 3,079 | ||
Pension contribution | 1,892 | 1,824 | ||
Other remuneration | 3,719 | 3,542 | ||
Total | € 25,071 | € 26,487 | ||
Current senior managers | ||||
Disclosure of transactions between related parties [line items] | ||||
Reduction in directors' remuneration, percentage | 35% | |||
Number of persons | people | 14 | 15 | ||
Fixed | € 18,178 | € 19,183 | ||
Pension contribution | 5,339 | 5,542 | ||
Other remuneration | 6,956 | 5,055 | ||
Total | € 52,736 | € 53,880 | € 80,792 | |
Award, number of shares (in shares) | shares | 2,504,000 | 2,706,819 | ||
Deferred amount in shares not linked to long-term objectives (in shares) | shares | 1,101,000 | 1,175,191 | ||
Current senior managers | Variable remuneration (bonus) - Immediate payment | ||||
Disclosure of transactions between related parties [line items] | ||||
Variable remuneration in cash | € 7,733 | € 8,402 | ||
Variable remuneration in shares | 7,733 | 8,402 | ||
Current senior managers | Deferred variable remuneration | ||||
Disclosure of transactions between related parties [line items] | ||||
Variable remuneration in cash | 3,398 | 3,648 | ||
Variable remuneration in shares | € 3,399 | € 3,648 |
Remuneration and other benef_20
Remuneration and other benefits paid to the Bank’s directors and senior managers - Senior Management (Details) € in Thousands | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) employee plan | Dec. 31, 2021 EUR (€) employee | Dec. 31, 2020 EUR (€) | |
Disclosure of transactions between related parties [line items] | |||
Post-employment benefit expense in profit or loss, defined benefit plans | € 65,000 | € 73,000 | € 76,000 |
Amount paid for retirement pension benefit | 0 | € 1,551,000 | |
2022 Digital Transformation Incentive | |||
Disclosure of transactions between related parties [line items] | |||
Number of Plans | plan | 2 | ||
Current senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Ratio of variable to fixed pay components | 120% | ||
Holding period for shares issued in settlement of pension obligations | 5 years | ||
Pension system balance | € 54,000 | 57,000 | |
Post-employment benefit expense in profit or loss, defined benefit plans | 5,300 | 5,500 | |
Capital insured by life and accident insurance | € 98,000 | € 100,000 | |
Current senior managers | 2022 Digital Transformation Plan one | |||
Disclosure of transactions between related parties [line items] | |||
Number of people included in plan | employee | 0 | 0 | |
Current senior managers | 2022 Digital Transformation Plan two | |||
Disclosure of transactions between related parties [line items] | |||
Number of people included in plan | employee | 1 | ||
Key management personnel compensation | € 500 | ||
Retired senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Salaries and other remuneration related to retirement | 3,691 | € 5,294 | |
Variable subject to Long-term objectives in cash | 447 | 55 | |
Amount paid for retirement pension benefit | € 0 | € 0 | |
Maximum | Employees deemed essential to the growth and digital transformation of the Group | 2022 Digital Transformation Plan one | |||
Disclosure of transactions between related parties [line items] | |||
Number of people included in plan | employee | 250 | ||
Maximum | Employees deemed essential to the growth and digital transformation of the Group | 2022 Digital Transformation Plan two | |||
Disclosure of transactions between related parties [line items] | |||
Number of people included in plan | employee | 50 | ||
Maximum | Current senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Ratio of variable to fixed pay components | 200% | ||
Minimum | Current senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Discretionary pension contribution percentage | 15% |
Remuneration and other benef_21
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising remuneration related to multi-annual variable objectives, Senior management (Details) € in Thousands | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) employee people | Dec. 31, 2021 EUR (€) people employee | Dec. 31, 2020 employee | |
Disclosure of transactions between related parties [line items] | |||
Number of persons | employee | 206,462 | 199,177 | 193,226 |
Current senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Number of persons | people | 14 | 15 | |
Current senior managers | Deferred variable compensation plan linked to multiannual objectives | |||
Disclosure of transactions between related parties [line items] | |||
Number of persons | employee | 14 | 15 | |
Cash payment | € 3,568 | € 3,830 | |
Share payment | 3,569 | 3,830 | |
Total | € 7,137 | € 7,660 |
Remuneration and other benef_22
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising maximum number of shares to be delivered, Senior management (Details) - Current senior managers - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred conditional variable remuneration plan (2015) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 0 |
Deferred conditional variable remuneration plan (2017) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 0 |
Deferred conditional variable remuneration plan (2018) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 0 | 3,475 |
Deferred conditional variable remuneration plan and linked to objectives (2016) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 18,500 | 150,445 |
Deferred conditional variable remuneration plan and linked to objectives (2017) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 76,053 | 164,428 |
Deferred conditional variable remuneration plan and linked to objectives (2018) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 155,758 | 803,056 |
Deferred conditional variable remuneration plan and linked to objectives (2019) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 949,917 | 1,274,450 |
Deferred conditional variable remuneration plan and linked to objectives (2020) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 1,438,437 | 1,829,720 |
Deferred conditional variable remuneration plan and linked to objectives (2021) | ||
Disclosure of transactions between related parties [line items] | ||
Maximum number of shares to be delivered (in shares) | 2,711,926 | 0 |
Remuneration and other benef_23
Remuneration and other benefits paid to the Bank’s directors and senior managers - Schedule summarising maximum number of actual shares delivered, Senior management (Details) - Current senior managers - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred conditional variable remuneration plan (2015) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 146,930 |
Deferred conditional variable remuneration plan (2017) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 2,786 |
Deferred conditional variable remuneration plan (2018) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 0 | 3,474 |
Deferred conditional variable remuneration plan and linked to objectives (2016) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 114,006 | 131,938 |
Deferred conditional variable remuneration plan and linked to objectives (2017) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 107,891 | 79,104 |
Deferred conditional variable remuneration plan and linked to objectives (2018) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 79,037 | 267,686 |
Deferred conditional variable remuneration plan and linked to objectives (2019) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 288,041 | 321,006 |
Deferred conditional variable remuneration plan and linked to objectives (2020) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 360,614 | 1,742,419 |
Deferred conditional variable remuneration plan and linked to objectives (2021) | ||
Disclosure of transactions between related parties [line items] | ||
Number of shares delivered (in shares) | 2,556,117 | 0 |
Remuneration and other benef_24
Remuneration and other benefits paid to the Bank’s directors and senior managers - Post-employment benefits to former directors and former senior executive vice presidents (Details) - EUR (€) € in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of transactions between related parties [line items] | ||||
Amount paid for retirement pension benefit | € 0 | € 1,551,000 | ||
Provisions | € 8,149,000 | 9,583,000 | € 10,852,000 | € 13,987,000 |
Former directors of the bank | ||||
Disclosure of transactions between related parties [line items] | ||||
Amount paid for retirement pension benefit | 5,600 | 5,600 | ||
Contribution to insurance policies | 170 | 170 | ||
Former directors of the bank | Provision for post-employment defined benefit obligations | ||||
Disclosure of transactions between related parties [line items] | ||||
Provisions | 48,000 | 50,000 | ||
Former executive vice presidents | ||||
Disclosure of transactions between related parties [line items] | ||||
Amount paid for retirement pension benefit | 4,800 | 51,600 | ||
Former senior managing directors | ||||
Disclosure of transactions between related parties [line items] | ||||
Contribution to insurance policies | 3,100 | 4,400 | ||
Former senior managing directors | Provision for post-employment defined benefit obligations | ||||
Disclosure of transactions between related parties [line items] | ||||
Provisions | € 99,000 | € 114,000 |
Remuneration and other benef_25
Remuneration and other benefits paid to the Bank’s directors and senior managers - Contract termination (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Chairman | Ana Botín | |
Disclosure of transactions between related parties [line items] | |
Contract termination, notice period | 4 months |
Loans and advances to central_3
Loans and advances to central banks and credit institutions - Schedule of loans and advances to banks and credit institutions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 |
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 |
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 |
Total financial assets | 193,716 | 163,853 | 176,554 |
Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 39,500 | 33,264 | 35,702 |
Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 32,888 | 31,645 | 30,815 |
Accumulated impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | (226) | (215) | (284) |
Central banks | |||
Disclosure of financial assets [line items] | |||
Financial assets held for trading | 11,595 | 3,608 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 0 | 0 | 9,481 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Financial assets at amortised cost | 15,375 | 15,657 | 12,499 |
Loans and receivables | 26,970 | 19,265 | 21,980 |
Central banks | Gross carrying amount | Time deposits | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 15,180 | 13,275 | 11,757 |
Central banks | Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 11,790 | 5,990 | 10,223 |
Central banks | Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Central banks | Gross carrying amount | Valuation adjustments for impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Credit institutions | |||
Disclosure of financial assets [line items] | |||
Financial assets held for trading | 16,502 | 10,397 | 3 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 673 | 3,152 | 12,136 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Financial assets at amortised cost | 46,518 | 39,169 | 37,838 |
Total financial assets | 63,693 | 52,718 | 49,977 |
Credit institutions | Gross carrying amount | Time deposits | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 8,891 | 10,684 | 7,338 |
Credit institutions | Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 27,321 | 18,853 | 20,862 |
Credit institutions | Gross carrying amount | Non- loans advances | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 27,487 | 23,188 | 21,784 |
Credit institutions | Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 1 | 1 |
Credit institutions | Accumulated impairment | Valuation adjustments for impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | (6) | (8) | (8) |
Central banks and credit institutions | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 90,663 | 71,983 | 71,957 |
Central banks and credit institutions | Euro | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 26,024 | 24,286 | 22,260 |
Central banks and credit institutions | Pound sterling | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 4,474 | 3,228 | 4,127 |
Central banks and credit institutions | US dollar | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 18,468 | 12,639 | 13,209 |
Central banks and credit institutions | Brazilian real | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 34,863 | 24,011 | 26,437 |
Central banks and credit institutions | Other currencies | |||
Disclosure of financial assets [line items] | |||
Total financial assets | € 6,834 | € 7,819 | € 5,924 |
Loans and advances to central_4
Loans and advances to central banks and credit institutions - Narrative (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Central banks and credit institutions | |||
Disclosure of financial assets [line items] | |||
Financial assets | 90,663 | 71,983 | 71,957 |
Gross carrying amount | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 148,384 | 133,437 | 134,792 |
Gross carrying amount | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 75 | 128 | 72 |
Gross carrying amount | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 404 | 280 | 401 |
Gross carrying amount | Central banks and credit institutions | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 61,898 | 54,833 | 50,344 |
Gross carrying amount | Central banks and credit institutions | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1 | 0 | 0 |
Gross carrying amount | Central banks and credit institutions | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | 1 | 1 |
Accumulated impairment | |||
Disclosure of financial assets [line items] | |||
Financial assets | (226) | (215) | (284) |
Accumulated impairment | Central banks and credit institutions | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of financial assets [line items] | |||
Financial assets | (6) | (8) | (8) |
Accumulated impairment | Central banks and credit institutions | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | 0 | 0 | 0 |
Accumulated impairment | Central banks and credit institutions | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets [line items] | |||
Financial assets | € 0 | € 0 | € 0 |
Debt securities - Disclosure of
Debt securities - Disclosure of detailed information about debt instruments explanatory (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Instruments | ||||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 | |
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 | |
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 | |
Total financial assets | 193,716 | 163,853 | 176,554 | |
Debt securities | ||||
Debt Instruments | ||||
Financial assets held for trading | 41,403 | 26,750 | 37,894 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,134 | 957 | 700 | |
Financial assets designated at fair value through profit or loss | 2,542 | 2,516 | 2,979 | |
Financial assets at fair value through other comprehensive income | 75,083 | 97,922 | 108,903 | |
Financial assets at amortised cost | 73,554 | 35,708 | 26,078 | |
Total financial assets | 193,716 | 163,853 | 176,554 | |
Gross carrying amount | Debt securities | ||||
Debt Instruments | ||||
Total financial assets | 193,942 | 164,068 | 176,838 | |
Gross carrying amount | Debt securities | Financial instruments credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | 404 | 280 | 401 | |
Gross carrying amount | Debt securities | Euro | ||||
Debt Instruments | ||||
Total financial assets | 63,903 | 45,197 | 58,850 | |
Gross carrying amount | Debt securities | Pound sterling | ||||
Debt Instruments | ||||
Total financial assets | 6,732 | 6,304 | 7,372 | |
Gross carrying amount | Debt securities | US dollar | ||||
Debt Instruments | ||||
Total financial assets | 37,749 | 34,229 | 29,009 | |
Gross carrying amount | Debt securities | Brazilian real | ||||
Debt Instruments | ||||
Total financial assets | 35,841 | 35,907 | 35,139 | |
Gross carrying amount | Debt securities | Other currencies | ||||
Debt Instruments | ||||
Total financial assets | 49,717 | 42,431 | 46,468 | |
Gross carrying amount | Spanish government debt securities | ||||
Debt Instruments | ||||
Total financial assets | 26,876 | 20,638 | 30,397 | |
Gross carrying amount | Foreign government debt securities | ||||
Debt Instruments | ||||
Total financial assets | 121,018 | 102,976 | 110,570 | |
Gross carrying amount | Issued by financial institutions | ||||
Debt Instruments | ||||
Total financial assets | 10,176 | 12,324 | 10,133 | |
Gross carrying amount | Other fixed-income securities | ||||
Debt Instruments | ||||
Total financial assets | 35,468 | 27,850 | 25,337 | |
Accumulated impairment | ||||
Debt Instruments | ||||
Total financial assets | (226) | (215) | (284) | |
Accumulated impairment | Debt securities | ||||
Debt Instruments | ||||
Total financial assets | € (226) | € (215) | € (284) | € (474) |
Debt securities - Narrative (De
Debt securities - Narrative (Details) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) strategy business_model | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | |
Disclosure of financial assets [line items] | ||||
Decrease in financial assets at fair value through other comprehensive income | € 22,839 | |||
Increase in financial assets at amortised cost | € 37,846 | |||
Number of new business models | business_model | 2 | |||
Number of different strategies | strategy | 2 | |||
Optimisation of excess liquidity strategy | € 16,800 | |||
Management of the maturity of balance sheet strategy | 14,500 | |||
Financial assets | 193,716 | € 163,853 | € 176,554 | |
Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 193,716 | 163,853 | 176,554 | |
Gross carrying amount | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 193,942 | 164,068 | 176,838 | |
Gross carrying amount | Financial instruments not credit-impaired | Stage 1 | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 148,384 | 133,437 | 134,792 | |
Gross carrying amount | Financial instruments not credit-impaired | Stage 2 and 3 | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 75 | 128 | 72 | |
Gross carrying amount | Financial instruments credit-impaired | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 404 | 280 | 401 | |
Gross carrying amount | Financial instruments credit-impaired | Stage 2 and 3 | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 404 | 280 | 401 | |
Accumulated impairment | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | (226) | (215) | (284) | |
Accumulated impairment | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | (226) | (215) | (284) | € (474) |
Accumulated impairment | Financial instruments not credit-impaired | Stage 1 | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | (25) | (26) | (25) | |
Accumulated impairment | Financial instruments not credit-impaired | Stage 2 and 3 | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | (2) | (8) | (2) | |
Accumulated impairment | Financial instruments credit-impaired | Stage 2 and 3 | Debt securities | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | € (199) | € (181) | € (257) |
Debt securities - Schedule of d
Debt securities - Schedule of debt instruments by origin of issuer (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instruments | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Financial assets (as a percent) | 100% | 100% | |
Debt securities | |||
Debt Instruments | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Financial assets (as a percent) | 100% | 100% | 100% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 45,822 | € 40,239 | € 35,587 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 147,894 | 123,614 | 140,967 |
Spain | Debt securities | |||
Debt Instruments | |||
Financial assets | € 27,891 | € 24,411 | € 31,985 |
Financial assets (as a percent) | 14.40% | 14.90% | 18.12% |
Spain | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,015 | € 3,773 | € 1,588 |
Spain | Public fixed income | |||
Debt Instruments | |||
Financial assets | 26,876 | 20,638 | 30,397 |
United Kingdom | Debt securities | |||
Debt Instruments | |||
Financial assets | € 5,558 | € 5,431 | € 5,894 |
Financial assets (as a percent) | 2.87% | 3.31% | 3.34% |
United Kingdom | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,545 | € 3,334 | € 3,099 |
United Kingdom | Public fixed income | |||
Debt Instruments | |||
Financial assets | 3,013 | 2,097 | 2,795 |
Portugal | Debt securities | |||
Debt Instruments | |||
Financial assets | € 6,175 | € 6,853 | € 9,557 |
Financial assets (as a percent) | 3.19% | 4.18% | 5.41% |
Portugal | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,572 | € 3,008 | € 3,095 |
Portugal | Public fixed income | |||
Debt Instruments | |||
Financial assets | 3,603 | 3,845 | 6,462 |
Italy | Debt securities | |||
Debt Instruments | |||
Financial assets | € 10,277 | € 2,746 | € 5,735 |
Financial assets (as a percent) | 5.31% | 1.68% | 3.25% |
Italy | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,948 | € 1,215 | € 1,047 |
Italy | Public fixed income | |||
Debt Instruments | |||
Financial assets | 8,329 | 1,531 | 4,688 |
Ireland | Debt securities | |||
Debt Instruments | |||
Financial assets | € 6,152 | € 4,811 | € 2,926 |
Financial assets (as a percent) | 3.18% | 2.94% | 1.66% |
Ireland | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 6,141 | € 4,759 | € 2,924 |
Ireland | Public fixed income | |||
Debt Instruments | |||
Financial assets | 11 | 52 | 2 |
Poland | Debt securities | |||
Debt Instruments | |||
Financial assets | € 12,273 | € 15,575 | € 14,526 |
Financial assets (as a percent) | 6.34% | 9.51% | 8.23% |
Poland | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,830 | € 2,848 | € 3,126 |
Poland | Public fixed income | |||
Debt Instruments | |||
Financial assets | 9,443 | 12,727 | 11,400 |
Other EU countries | Debt securities | |||
Debt Instruments | |||
Financial assets | € 17,816 | € 12,344 | € 11,102 |
Financial assets (as a percent) | 9.20% | 7.53% | 6.29% |
Other EU countries | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 8,161 | € 8,922 | € 8,211 |
Other EU countries | Public fixed income | |||
Debt Instruments | |||
Financial assets | 9,655 | 3,422 | 2,891 |
United States | Debt securities | |||
Debt Instruments | |||
Financial assets | € 31,268 | € 27,099 | € 21,031 |
Financial assets (as a percent) | 16.14% | 16.54% | 11.91% |
United States | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 8,950 | € 5,634 | € 6,386 |
United States | Public fixed income | |||
Debt Instruments | |||
Financial assets | 22,318 | 21,465 | 14,645 |
Brazil | Debt securities | |||
Debt Instruments | |||
Financial assets | € 37,392 | € 34,697 | € 38,495 |
Financial assets (as a percent) | 19.30% | 21.18% | 21.80% |
Brazil | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 9,201 | € 5,446 | € 5,179 |
Brazil | Public fixed income | |||
Debt Instruments | |||
Financial assets | 28,191 | 29,251 | 33,316 |
Mexico | Debt securities | |||
Debt Instruments | |||
Financial assets | € 18,059 | € 15,089 | € 19,488 |
Financial assets (as a percent) | 9.32% | 9.21% | 11.04% |
Mexico | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 481 | € 517 | € 435 |
Mexico | Public fixed income | |||
Debt Instruments | |||
Financial assets | 17,578 | 14,572 | 19,053 |
Chile | Debt securities | |||
Debt Instruments | |||
Financial assets | € 10,037 | € 9,518 | € 8,123 |
Financial assets (as a percent) | 5.18% | 5.81% | 4.60% |
Chile | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 28 | € 51 | € 41 |
Chile | Public fixed income | |||
Debt Instruments | |||
Financial assets | 10,009 | 9,467 | 8,082 |
Rest of America | Debt securities | |||
Debt Instruments | |||
Financial assets | € 7,520 | € 2,783 | € 3,372 |
Financial assets (as a percent) | 3.88% | 1.70% | 1.91% |
Rest of America | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,560 | € 655 | € 274 |
Rest of America | Public fixed income | |||
Debt Instruments | |||
Financial assets | 5,960 | 2,128 | 3,098 |
Rest of the world | Debt securities | |||
Debt Instruments | |||
Financial assets | € 3,298 | € 2,496 | € 4,320 |
Financial assets (as a percent) | 1.70% | 1.52% | 2.44% |
Rest of the world | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 390 | € 77 | € 182 |
Rest of the world | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 2,908 | € 2,419 | € 4,138 |
Debt securities - Schedule of_2
Debt securities - Schedule of debt instruments by issuer rating (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instruments | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Financial assets (as a percent) | 100% | 100% | |
Debt securities | |||
Debt Instruments | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Financial assets (as a percent) | 100% | 100% | 100% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 45,822 | € 40,239 | € 35,587 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 147,894 | 123,614 | 140,967 |
AAA | Debt securities | |||
Debt Instruments | |||
Financial assets | € 18,975 | € 17,729 | € 16,187 |
Financial assets (as a percent) | 9.80% | 10.82% | 9.17% |
AAA | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 13,481 | € 15,956 | € 14,088 |
AAA | Public fixed income | |||
Debt Instruments | |||
Financial assets | 5,494 | 1,773 | 2,099 |
AA | Debt securities | |||
Debt Instruments | |||
Financial assets | € 40,044 | € 28,360 | € 20,498 |
Financial assets (as a percent) | 20.67% | 17.31% | 11.61% |
AA | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 9,542 | € 2,005 | € 1,714 |
AA | Public fixed income | |||
Debt Instruments | |||
Financial assets | 30,502 | 26,355 | 18,784 |
A | Debt securities | |||
Debt Instruments | |||
Financial assets | € 58,399 | € 52,953 | € 59,883 |
Financial assets (as a percent) | 30.15% | 32.32% | 33.92% |
A | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 10,058 | € 8,594 | € 6,228 |
A | Public fixed income | |||
Debt Instruments | |||
Financial assets | 48,341 | 44,359 | 53,655 |
BBB | Debt securities | |||
Debt Instruments | |||
Financial assets | € 35,081 | € 25,538 | € 37,719 |
Financial assets (as a percent) | 18.11% | 15.59% | 21.36% |
BBB | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,181 | € 5,234 | € 6,515 |
BBB | Public fixed income | |||
Debt Instruments | |||
Financial assets | 29,900 | 20,304 | 31,204 |
Below BBB | Debt securities | |||
Debt Instruments | |||
Financial assets | € 36,631 | € 34,407 | € 38,595 |
Financial assets (as a percent) | 18.91% | 21% | 21.86% |
Below BBB | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,974 | € 3,584 | € 3,431 |
Below BBB | Public fixed income | |||
Debt Instruments | |||
Financial assets | 33,657 | 30,823 | 35,164 |
Unrated | Debt securities | |||
Debt Instruments | |||
Financial assets | € 4,586 | € 4,866 | € 3,672 |
Financial assets (as a percent) | 2.37% | 2.97% | 2.08% |
Unrated | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 4,586 | € 4,866 | € 3,611 |
Unrated | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 0 | € 0 | € 61 |
Debt securities - Schedule of b
Debt securities - Schedule of breakdown by type of instrument (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instruments | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Debt securities | |||
Debt Instruments | |||
Financial assets | 193,716 | 163,853 | 176,554 |
Private fixed income | |||
Debt Instruments | |||
Financial assets | 45,822 | 40,239 | 35,587 |
Private fixed income | Floating rate debt | |||
Debt Instruments | |||
Financial assets | 12,397 | 8,081 | 7,829 |
Private fixed income | Fixed rate debt | |||
Debt Instruments | |||
Financial assets | 17,083 | 20,048 | 16,353 |
Private fixed income | Securitised mortgage bonds | |||
Debt Instruments | |||
Financial assets | 9,222 | 5,806 | 5,926 |
Private fixed income | Other asset-backed bonds | |||
Debt Instruments | |||
Financial assets | € 7,120 | € 6,304 | € 5,479 |
Debt securities - Schedule of c
Debt securities - Schedule of changes in impairment losses on debt instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Instruments | |||
Impairment at beginning of year | € (163,853) | € (176,554) | |
Impairment at end of year | (193,716) | (163,853) | € (176,554) |
Accumulated impairment | |||
Debt Instruments | |||
Impairment at beginning of year | 215 | 284 | |
Impairment at end of year | 226 | 215 | 284 |
Debt securities | |||
Debt Instruments | |||
Impairment at beginning of year | (163,853) | (176,554) | |
Impairment at end of year | (193,716) | (163,853) | (176,554) |
Debt securities | Accumulated impairment | |||
Debt Instruments | |||
Impairment at beginning of year | 215 | 284 | 474 |
Net impairment losses charged to income for the period | 16 | 28 | 79 |
Impairment losses charged to income | 30 | 49 | 91 |
Impairment losses reversed with a credit to income | (14) | (21) | (12) |
Exchange differences and other items | (5) | (97) | (269) |
Impairment at end of year | 226 | 215 | 284 |
Debt securities | Accumulated impairment | Financial assets at amortized cost | |||
Debt Instruments | |||
Net impairment losses charged to income for the period | 17 | 31 | 77 |
Debt securities | Accumulated impairment | Financial assets at fair value through other comprehensive income | |||
Debt Instruments | |||
Net impairment losses charged to income for the period | (1) | (3) | 2 |
Debt securities | Accumulated impairment | European Union | |||
Debt Instruments | |||
Impairment at beginning of year | 25 | 21 | |
Impairment at end of year | 26 | 25 | 21 |
Debt securities | Accumulated impairment | Latin America | |||
Debt Instruments | |||
Impairment at beginning of year | 190 | 263 | |
Impairment at end of year | € 200 | € 190 | € 263 |
Equity instruments - Disclosure
Equity instruments - Disclosure of breakdown of equity instruments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of financial assets [line items] | ||||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 | |
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 | |
Total financial assets | 193,716 | 163,853 | 176,554 | |
Equity instruments | ||||
Disclosure of financial assets [line items] | ||||
Financial assets held for trading | 10,066 | 15,077 | 9,615 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 3,711 | 4,042 | 3,234 | |
Financial assets at fair value through other comprehensive income | 1,941 | 2,453 | 2,783 | € 2,863 |
Total financial assets | 15,718 | 21,572 | 15,632 | |
Shares of Spanish companies | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 3,284 | 3,896 | 3,364 | |
Shares of foreign companies | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 10,494 | 15,184 | 10,437 | |
Shares of investment funds | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | € 1,940 | € 2,492 | € 1,831 |
Equity instruments - Disclosu_2
Equity instruments - Disclosure of changes in financial assets at fair value through other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Balance at beginning of the year | € 108,038 | € 120,953 | |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) | (2,591) | (3,063) | € 692 |
Balance at end of year | 85,239 | 108,038 | 120,953 |
Equity instruments | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of the year | 2,453 | 2,783 | 2,863 |
Net additions (disposals) | (33) | (276) | 833 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) | (497) | (171) | (917) |
Changes in the RV hedged with micro-hedging transactions | 18 | 117 | 4 |
Balance at end of year | € 1,941 | € 2,453 | € 2,783 |
Trading Derivatives (assets a_3
Trading Derivatives (assets and liabilities) and short positions - Schedule by type of inherent risk of fair value of trading derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial instruments | |||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 |
Financial liabilities held for trading | 115,185 | 79,469 | 81,167 |
Derivatives | |||
Financial instruments | |||
Financial liabilities held for trading | 64,891 | 53,566 | 64,469 |
Derivatives | Interest rate risk | |||
Financial instruments | |||
Financial liabilities held for trading | 37,641 | 30,192 | 41,085 |
Derivatives | Currency risk | |||
Financial instruments | |||
Financial liabilities held for trading | 26,063 | 21,894 | 22,028 |
Derivatives | Price risk | |||
Financial instruments | |||
Financial liabilities held for trading | 817 | 891 | 944 |
Derivatives | Other risks | |||
Financial instruments | |||
Financial liabilities held for trading | 370 | 589 | 412 |
Derivatives | |||
Financial instruments | |||
Financial assets held for trading | 67,002 | 54,292 | 67,137 |
Derivatives | Interest rate risk | |||
Financial instruments | |||
Financial assets held for trading | 38,789 | 31,884 | 43,832 |
Derivatives | Currency risk | |||
Financial instruments | |||
Financial assets held for trading | 26,391 | 19,823 | 21,162 |
Derivatives | Price risk | |||
Financial instruments | |||
Financial assets held for trading | 1,347 | 1,498 | 1,931 |
Derivatives | Other risks | |||
Financial instruments | |||
Financial assets held for trading | € 475 | € 1,087 | € 212 |
Trading Derivatives (assets a_4
Trading Derivatives (assets and liabilities) and short positions - Schedule of short positions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial instruments | |||
FINANCIAL LIABILITIES HELD FOR TRADING | € 115,185 | € 79,469 | € 81,167 |
Short positions | |||
Financial instruments | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 22,515 | 12,236 | 16,698 |
Debt securities | Short positions | |||
Financial instruments | |||
Borrowed securities | 1,979 | 825 | 625 |
Short sales | 19,543 | 11,022 | 15,784 |
Debt securities | Short positions | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Financial instruments | |||
Borrowed securities | 1,362 | 825 | 625 |
Debt securities | Short positions | Banco Santander (Brasil) S.A. | |||
Financial instruments | |||
Short sales | 3,857 | 1,952 | 7,085 |
Debt securities | Short positions | Pierpont Capital Holdings LLC | |||
Financial instruments | |||
Short sales | 2,690 | 0 | 0 |
Equity instruments | Short positions | |||
Financial instruments | |||
Borrowed securities | 993 | 389 | 289 |
Short sales | 0 | 0 | 0 |
Banco Santander, S.A. | Debt securities | Short positions | |||
Financial instruments | |||
Borrowed securities | 617 | 0 | 0 |
Short sales | 12,902 | 8,926 | 8,645 |
Banco Santander, S.A. | Equity instruments | Short positions | |||
Financial instruments | |||
Borrowed securities | € 934 | € 318 | € 289 |
Loans and advances to custome_3
Loans and advances to customers - Schedule of detail, by classification, of loans and advances to customers (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans And Advances To Customers [Line Items] | |||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 |
Financial assets designated at fair value through profit or loss | 8,989 | 15,957 | 48,717 |
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 |
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 |
Total financial assets | 193,716 | 163,853 | 176,554 |
Impairment losses | |||
Loans And Advances To Customers [Line Items] | |||
Total financial assets | (226) | (215) | (284) |
Customers | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets held for trading | 9,550 | 6,829 | 296 |
Non-trading financial assets mandatorily at fair value through profit or loss | 868 | 537 | 552 |
Financial assets designated at fair value through profit or loss | 5,774 | 10,289 | 24,121 |
Financial assets at fair value through other comprehensive income | 8,215 | 7,663 | 9,267 |
Financial assets at amortised cost | 1,011,597 | 947,364 | 881,963 |
Total financial assets | 1,036,004 | 972,682 | 916,199 |
Customers | Impairment losses | |||
Loans And Advances To Customers [Line Items] | |||
Total financial assets | (22,684) | (22,964) | (23,595) |
Customers | Gross carrying amount | |||
Loans And Advances To Customers [Line Items] | |||
Total financial assets | € 1,058,688 | € 995,646 | € 939,794 |
Loans and advances to custome_4
Loans and advances to customers - Schedule of the breakdown of loans and advances to customers (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans And Advances To Customers [Line Items] | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Gross carrying amount | Customers | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 1,058,688 | 995,646 | 939,794 |
Gross carrying amount | Customers | Fixed rate | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 642,537 | 593,645 | 550,883 |
Gross carrying amount | Customers | Floating rate | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 416,151 | 402,001 | 388,911 |
Gross carrying amount | Customers | Spain | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 212,804 | 216,741 | 215,330 |
Gross carrying amount | Customers | European Union (excluding Spain) | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 202,958 | 190,032 | 192,988 |
Gross carrying amount | Customers | United States and Puerto Rico | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 125,436 | 102,491 | 93,405 |
Gross carrying amount | Customers | Other OECD countries | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 385,906 | 374,729 | 338,362 |
Gross carrying amount | Customers | South America (non - OECD) | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 112,803 | 94,010 | 79,629 |
Gross carrying amount | Customers | Rest of the world | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 18,781 | 17,643 | 20,080 |
Gross carrying amount | Commercial credit | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 56,688 | 49,603 | 37,459 |
Gross carrying amount | Secured loans | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 565,609 | 542,404 | 503,014 |
Gross carrying amount | Reverse repurchase agreements | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 39,500 | 33,264 | 35,702 |
Gross carrying amount | Other term loans | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 290,031 | 269,526 | 269,143 |
Gross carrying amount | Finance leases | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 39,833 | 38,503 | 36,251 |
Gross carrying amount | Receivable on demand | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 11,435 | 10,304 | 7,903 |
Gross carrying amount | Credit cards receivables | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 22,704 | 20,397 | 19,507 |
Gross carrying amount | Impaired assets | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | € 32,888 | € 31,645 | € 30,815 |
Loans and advances to custome_5
Loans and advances to customers - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Loans And Advances To Customers Table [Line Items] | |||
Maximum exposure to credit risk | € 949,583 | € 903,646 | € 861,432 |
Loans and receivables | |||
Loans And Advances To Customers Table [Line Items] | |||
Impairment losses charged to income for the year | 10,863 | 7,407 | 12,382 |
Reversal of impairment loss recognised in profit or loss | 1,459 | 1,383 | 1,221 |
Customers | |||
Loans And Advances To Customers Table [Line Items] | |||
Losses on renegotiation or contractual modification | 630 | 0 | 139 |
Securitized loans and loans and advances to customers | |||
Loans And Advances To Customers Table [Line Items] | |||
Recognised assets representing continuing involvement in fully derecognised loans | 13,711 | 14,141 | 13,999 |
Financial instruments credit-impaired | Loans and receivables | |||
Loans And Advances To Customers Table [Line Items] | |||
Written-off assets | 43,675 | 40,585 | 39,087 |
Financial instruments purchased credit impaired | |||
Loans And Advances To Customers Table [Line Items] | |||
Maximum exposure to credit risk | 322 | 420 | 497 |
Financial instruments purchased credit impaired | Business combinations carried out | |||
Loans And Advances To Customers Table [Line Items] | |||
Maximum exposure to credit risk | 271 | ||
Without considering the Public Administration | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | 1,031,523 | 916,911 | 942,249 |
Without considering the Public Administration | Financial instruments not credit-impaired | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | 998,689 | 939,645 | 886,118 |
Spain | |||
Loans And Advances To Customers Table [Line Items] | |||
Maximum exposure to credit risk | € 212,593 | 214,761 | 214,442 |
A | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 1% | ||
AAA | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 3.60% | ||
AA | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 17% | ||
BBB | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 70.80% | ||
Below BBB | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 6.80% | ||
No Rating | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Credit exposure percentage | 0.80% | ||
Gross carrying amount | Financial instruments credit-impaired | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | € 32,888 | ||
Gross carrying amount | Rest of the world | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | 12,467 | 10,263 | 10,779 |
Gross carrying amount | A | Spain | Public sector | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | 14,698 | 14,131 | 12,104 |
Accumulated impairment | Debt securities | |||
Loans And Advances To Customers Table [Line Items] | |||
Impairment losses charged to income for the year | 16 | 28 | 79 |
Reversal of impairment loss recognised in profit or loss | 14 | € 21 | € 12 |
Accumulated impairment | Financial instruments credit-impaired | |||
Loans And Advances To Customers Table [Line Items] | |||
Loans and advances to customers | € (13,931) |
Loans and advances to custome_6
Loans and advances to customers - Schedule of loans and advances to customers in detail by activity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | € 1,014,688 | ||
Refinanced and restructured transactions | 25,907 | ||
Advances to customers | 21,316 | ||
Financial assets | 193,716 | € 163,853 | € 176,554 |
Customers | |||
Loans And Advances To Customers [Line Items] | |||
Financial assets | 1,036,004 | € 972,682 | € 916,199 |
Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 134,460 | ||
Refinanced and restructured transactions | 3,566 | ||
More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 154,438 | ||
Refinanced and restructured transactions | 2,006 | ||
More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 148,349 | ||
Refinanced and restructured transactions | 3,611 | ||
More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 166,787 | ||
Refinanced and restructured transactions | 3,422 | ||
More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 57,944 | ||
Refinanced and restructured transactions | 1,640 | ||
Public sector | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 24,436 | ||
Public sector | Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 66 | ||
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 | 73 | ||
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 | 18 | ||
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 | 862 | ||
Public sector | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 7 | ||
Other financial institutions (financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 83,091 | ||
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 | 4,172 | ||
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 | 2,677 | ||
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 | 739 | ||
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 | 45,934 | ||
Other financial institutions (financial business activity) | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 619 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 345,083 | ||
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 | 25,973 | ||
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 | 25,327 | ||
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 | 19,813 | ||
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 | 55,306 | ||
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 | 23,649 | ||
Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 562,078 | ||
Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 104,249 | ||
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 | 126,361 | ||
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 | 127,779 | ||
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 | 64,685 | ||
Households - other | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 33,669 | ||
Without collateral | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 352,710 | ||
Refinanced and restructured transactions | 11,662 | ||
Without collateral | Public sector | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 23,410 | ||
Without collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 28,950 | ||
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 | 195,015 | ||
Without collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 105,335 | ||
Of which property collateral | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 443,685 | ||
Refinanced and restructured transactions | 9,001 | ||
Of which property collateral | Public sector | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 157 | ||
Of which property collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 5,223 | ||
Of which 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 | 70,063 | ||
Of which property collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 368,242 | ||
Of which other collateral | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 218,293 | ||
Refinanced and restructured transactions | 5,244 | ||
Of which other collateral | Public sector | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 869 | ||
Of which other collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 48,918 | ||
Of which 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 | 80,005 | ||
Of which other collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 88,501 | ||
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 | 20,320 | ||
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 | 6,572 | ||
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 | 6,251 | ||
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 | 2,027 | ||
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 | 2,188 | ||
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 | 1,721 | ||
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 | 1,561 | ||
Construction and property development | Of which 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 | 17,673 | ||
Construction and property development | Of which 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 | 1,086 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 2,959 | ||
Civil engineering construction | 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 | 59 | ||
Civil engineering construction | 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 | 109 | ||
Civil engineering construction | 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 | 139 | ||
Civil engineering construction | 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 | 715 | ||
Civil engineering construction | 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 | 42 | ||
Civil engineering construction | 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 | 1,895 | ||
Civil engineering construction | Of which 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 | 149 | ||
Civil engineering construction | Of which 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 | 915 | ||
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 | 188,730 | ||
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 | 8,650 | ||
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 | 6,642 | ||
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 | 6,690 | ||
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 | 29,228 | ||
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 | 10,383 | ||
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 | 127,137 | ||
Large companies | Of which 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 | 19,751 | ||
Large companies | Of which 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 | 41,842 | ||
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 | 133,074 | ||
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 | 10,692 | ||
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 | 12,325 | ||
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 | 10,957 | ||
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 | 23,175 | ||
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 | 11,503 | ||
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 | 64,422 | ||
SMEs and individual entrepreneurs | Of which 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 | 32,490 | ||
SMEs and individual entrepreneurs | Of which 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 | 36,162 | ||
Residential | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 361,235 | ||
Residential | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 97,155 | ||
Residential | 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 | 118,774 | ||
Residential | 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 | 116,484 | ||
Residential | 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 | 24,415 | ||
Residential | Households - other | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 2,883 | ||
Residential | Without collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 1,524 | ||
Residential | Of which property collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 359,072 | ||
Residential | Of which other collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 639 | ||
Consumer loans | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 182,097 | ||
Consumer loans | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 3,436 | ||
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 | 5,183 | ||
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 | 8,294 | ||
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 | 34,501 | ||
Consumer loans | Households - other | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 29,997 | ||
Consumer loans | Without collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 100,686 | ||
Consumer loans | Of which property collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 2,118 | ||
Consumer loans | Of which other collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 79,293 | ||
Other purposes | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 18,746 | ||
Other purposes | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 3,658 | ||
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 | 2,404 | ||
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 | 3,001 | ||
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 | 5,769 | ||
Other purposes | Households - other | More than 100% | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 789 | ||
Other purposes | Without collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 3,125 | ||
Other purposes | Of which property collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | 7,052 | ||
Other purposes | Of which other collateral | Households - other | |||
Loans And Advances To Customers [Line Items] | |||
Loans to customers, net of impairment losses | € 8,569 |
Loans and advances to custome_7
Loans and advances to customers - Schedule of movement of gross exposure by impairment stage (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | € (163,853) | € (176,554) | |
Impairment at end of year | (193,716) | (163,853) | € (176,554) |
Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 215 | 284 | |
Impairment at end of year | 226 | 215 | 284 |
Customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | (972,682) | (916,199) | |
Impairment at end of year | (1,036,004) | (972,682) | (916,199) |
Customers | Financial instruments credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Write-offs | 12,235 | 9,089 | 8,930 |
Exchange differences and other changes | (418) | (529) | 3,336 |
Customers | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 22,964 | 23,595 | |
Impairment at end of year | 22,684 | 22,964 | 23,595 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 977,571 | 914,328 | 932,252 |
Net changes on financial assets | 75,052 | 50,281 | 49,945 |
Write-offs | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 1,786 | 22,051 | (58,939) |
Impairment at end of year | 1,042,174 | 977,571 | 914,328 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 878,700 | 817,906 | 849,939 |
To stage 2 from stage 1 | (31,811) | (33,051) | (43,170) |
Increase (Decrease) Through Transfers From Stage 1 To Stage 3 Financial Assets | (11,143) | (6,617) | (5,120) |
To stage 1 from stage 2 | 18,907 | 17,796 | 13,459 |
To stage 1 from stage 3 | 456 | 271 | 578 |
Net changes on financial assets | 86,459 | 62,629 | 53,555 |
Exchange differences and other changes | 1,293 | 19,766 | (51,335) |
Impairment at end of year | 942,861 | 878,700 | 817,906 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 67,584 | 66,104 | 50,476 |
To stage 2 from stage 1 | 31,811 | 33,051 | 43,170 |
To stage 3 from stage 2 | (8,487) | (5,836) | (8,734) |
To stage 1 from stage 2 | (18,907) | (17,796) | (13,459) |
To stage 2 from stage 3 | 3,250 | 1,865 | 1,831 |
Net changes on financial assets | (8,839) | (11,629) | (2,951) |
Exchange differences and other changes | 284 | 1,825 | (4,229) |
Impairment at end of year | 66,696 | 67,584 | 66,104 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 31,287 | 30,318 | 31,837 |
Increase (Decrease) Through Transfers From Stage 1 To Stage 3 Financial Assets | 11,143 | 6,617 | 5,120 |
To stage 3 from stage 2 | 8,487 | 5,836 | 8,734 |
To stage 2 from stage 3 | (3,250) | (1,865) | (1,831) |
To stage 1 from stage 3 | (456) | (271) | (578) |
Net changes on financial assets | (2,568) | (719) | (659) |
Write-offs | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 209 | 460 | (3,375) |
Impairment at end of year | € 32,617 | € 31,287 | € 30,318 |
Loans and advances to custome_8
Loans and advances to customers - Schedule of impairment loss and allowance for loans and advances to customers (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
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 | € (163,853) | € (176,554) | |
Impairment at end of year | (193,716) | (163,853) | € (176,554) |
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 | 215 | 284 | |
Impairment at end of year | 226 | 215 | 284 |
Accumulated impairment | Financial assets at amortised cost and financial assets at fair value through other comprehensive income | |||
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 | 22,964 | 23,595 | 22,242 |
Impairment losses charged to income for the year | 11,676 | 8,762 | 13,385 |
Impairment losses charged to profit or loss | 19,879 | 18,240 | 20,909 |
Impairment losses reversed with a credit to profit or loss | (8,203) | (9,478) | (7,524) |
Change of perimeter | 0 | 0 | (82) |
Write-off of impaired balances against recorded impairment allowance | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 279 | (304) | (3,020) |
Impairment at end of year | 22,684 | 22,964 | 23,595 |
Accumulated impairment | Individually calculated | Financial assets at amortised cost and financial assets at fair value through other comprehensive income | |||
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 | 2,496 | 2,679 | |
Impairment at end of year | 2,493 | 2,496 | 2,679 |
Accumulated impairment | Collective calculated | Financial assets at amortised cost and financial assets at fair value through other comprehensive income | |||
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 | 20,468 | 20,916 | |
Impairment at end of year | 20,191 | 20,468 | 20,916 |
Accumulated impairment | Financial instruments credit-impaired | Financial assets at amortised cost and financial assets at fair value through other comprehensive income | |||
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 | 13,550 | 13,658 | |
Impairment at end of year | 13,931 | 13,550 | 13,658 |
Accumulated impairment | Financial instruments not credit-impaired | Financial assets at amortised cost and financial assets at fair value through other comprehensive income | |||
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 | 9,414 | 9,937 | |
Impairment at end of year | € 8,753 | € 9,414 | € 9,937 |
Loans and advances to custome_9
Loans and advances to customers - Schedule of changes in loss allowance and gross carrying amount (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
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 | € (163,853) | € (176,554) | |
Impairment at end of year | (193,716) | (163,853) | € (176,554) |
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 | (972,682) | (916,199) | |
Impairment at end of year | (1,036,004) | (972,682) | (916,199) |
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] | |||
Write-offs | 12,235 | 9,089 | 8,930 |
Exchange differences and other changes | (418) | (529) | 3,336 |
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 | 215 | 284 | |
Impairment at end of year | 226 | 215 | 284 |
Accumulated impairment | 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 | 22,964 | 23,595 | |
Impairment at end of year | 22,684 | 22,964 | 23,595 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | 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 | 22,964 | 23,595 | 22,242 |
Write-offs | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 279 | (304) | (3,020) |
Impairment at end of year | 22,684 | 22,964 | 23,595 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | Financial instruments not credit-impaired | |||
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 | 9,414 | 9,937 | |
Impairment at end of year | 8,753 | 9,414 | 9,937 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | 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] | |||
Impairment at beginning of year | 13,550 | 13,658 | |
Impairment at end of year | 13,931 | 13,550 | 13,658 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | 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 | 22,964 | 23,595 | 22,242 |
To stage 2 from stage 1 | 2,333 | 2,390 | 1,840 |
To stage 3 from stage 1 | 4,029 | 1,972 | 2,131 |
To stage 3 from stage 2 | 1,380 | 1,388 | 1,095 |
To stage 1 from stage 2 | 679 | 771 | 682 |
To stage 2 from stage 3 | 533 | 544 | 424 |
To stage 1 from stage 3 | 152 | 59 | 85 |
Net changes of the exposure and modifications in the credit risk | 5,298 | 4,386 | 9,510 |
Write-offs | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 279 | (304) | (3,102) |
Impairment at end of year | 22,684 | 22,964 | 23,595 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | Customers | Financial instruments not credit-impaired | Stage 1 | |||
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 | 4,188 | 4,265 | 3,835 |
To stage 2 from stage 1 | (713) | (578) | (1,040) |
To stage 3 from stage 1 | (557) | (237) | (255) |
To stage 1 from stage 2 | (215) | (254) | (294) |
To stage 1 from stage 3 | (9) | (8) | (53) |
Net changes of the exposure and modifications in the credit risk | 414 | 617 | 1,966 |
Exchange differences and other changes | 70 | (141) | (588) |
Impairment at end of year | 3,626 | 4,188 | 4,265 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | Customers | Financial instruments not credit-impaired | Stage 2 and 3 | |||
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 | 5,226 | 5,672 | 4,474 |
To stage 2 from stage 1 | 3,046 | 2,968 | 2,880 |
To stage 3 from stage 2 | (1,802) | (1,086) | (971) |
To stage 1 from stage 2 | 894 | 1,025 | 976 |
To stage 2 from stage 3 | (400) | (216) | (303) |
Net changes of the exposure and modifications in the credit risk | (1,056) | (1,557) | 535 |
Exchange differences and other changes | 207 | 38 | (573) |
Impairment at end of year | 5,127 | 5,226 | 5,672 |
Financial assets at amortised cost and financial assets at fair value through other comprehensive income | Accumulated impairment | Customers | Financial instruments credit-impaired | Stage 2 and 3 | |||
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 | 13,550 | 13,658 | 13,933 |
To stage 3 from stage 1 | 4,586 | 2,209 | 2,386 |
To stage 3 from stage 2 | 3,182 | 2,474 | 2,066 |
To stage 2 from stage 3 | 933 | 760 | 727 |
To stage 1 from stage 3 | 161 | 67 | 138 |
Net changes of the exposure and modifications in the credit risk | 5,940 | 5,326 | 7,009 |
Write-offs | (12,235) | (9,089) | (8,930) |
Exchange differences and other changes | 2 | (201) | (1,941) |
Impairment at end of year | € 13,931 | € 13,550 | € 13,658 |
Loans and advances to custom_10
Loans and advances to customers - Schedule of changes in the impairment losses for loans and advances to customers (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
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 | € 163,853 | € 176,554 | |
Financial assets at end of period | 193,716 | 163,853 | € 176,554 |
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 | 972,682 | 916,199 | |
Financial assets at end of period | 1,036,004 | 972,682 | 916,199 |
Customers | Gross carrying amount | |||
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 | 995,646 | 939,794 | |
Financial assets at end of period | 1,058,688 | 995,646 | 939,794 |
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] | |||
Net additions | 13,060 | 9,390 | 10,577 |
Written-off assets | (12,235) | (9,089) | (8,930) |
Changes in the scope of consolidation | 0 | 0 | (39) |
Exchange differences and other | 418 | 529 | (3,336) |
Customers | Financial instruments credit-impaired | Gross carrying amount | |||
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 | 31,645 | 30,815 | 32,543 |
Financial assets at end of period | € 32,888 | € 31,645 | € 30,815 |
Loans and advances to custom_11
Loans and advances to customers - Schedule of financial assets that are either past due or impaired, with or without collateral (Details) - Financial instruments credit-impaired € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Estimated collateral value | € 11,846 |
Without collateral | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Estimated collateral value | 0 |
Of which property collateral | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Estimated collateral value | 7,848 |
Of which other collateral | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Estimated collateral value | 3,998 |
Gross carrying amount | |
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 | 32,888 |
Gross carrying amount | Without collateral | |
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 | 14,066 |
Gross carrying amount | Of which property collateral | |
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 | 10,909 |
Gross carrying amount | Of which other collateral | |
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 | 7,913 |
Accumulated impairment | |
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 | (13,931) |
Accumulated impairment | Without collateral | |
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 | (7,684) |
Accumulated impairment | Of which property collateral | |
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 | (2,889) |
Accumulated impairment | Of which other collateral | |
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 | € (3,358) |
Loans and advances to custom_12
Loans and advances to customers - Schedule of the breakdown of the securitized loans (Details) - Securitized loans and loans and advances to customers - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | € 82,603 | € 80,600 | € 88,662 |
Securitised mortgage assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 16,265 | 19,523 | 30,145 |
Securitised mortgage assets | United Kingdom | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 4,144 | 5,295 | 9,034 |
Other securitised assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | € 66,338 | € 61,077 | € 58,517 |
Trading derivatives (Details)
Trading derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | € 386,843 | € 392,948 | € 360,626 |
Trading derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 6,463,470 | 5,470,797 | 5,830,329 |
Market value | 2,111 | 726 | 2,668 |
Trading derivatives | Forward rate agreements | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 100,579 | 147,603 | 515,889 |
Market value | 22 | (11) | 0 |
Trading derivatives | Interest rate swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 4,844,043 | 3,920,945 | 3,789,169 |
Market value | 2,387 | 1,931 | 3,638 |
Trading derivatives | Options, futures and other derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 495,994 | 508,723 | 698,500 |
Market value | (1,261) | (228) | (891) |
Trading derivatives | Credit default swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 16,185 | 13,571 | 12,378 |
Market value | (6) | 436 | (133) |
Trading derivatives | Foreign currency purchases and sales | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 384,024 | 329,781 | 304,280 |
Market value | 423 | (664) | (45) |
Trading derivatives | Foreign currency options | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 54,967 | 49,680 | 45,074 |
Market value | 150 | (114) | (7) |
Trading derivatives | CCS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 496,441 | 430,644 | 394,178 |
Market value | (245) | (1,293) | (814) |
Trading derivatives | Securities and commodities derivatives and other | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 71,237 | 69,850 | 70,861 |
Market value | € 641 | € 669 | € 920 |
Non-current assets - Schedule o
Non-current assets - Schedule of non-current assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € 34,073 | € 33,321 | € 32,735 |
Other assets | 10,082 | 8,595 | 11,070 |
Total | 3,453 | 4,089 | 4,445 |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | 3,435 | 4,089 | 4,445 |
Other assets | 18 | 0 | 0 |
Total | 3,453 | 4,089 | 4,445 |
Non-current assets held for sale | Foreclosed assets | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | 3,101 | 3,651 | 4,081 |
Other tangible assets held for sale | 334 | 438 | 364 |
Non-current assets held for sale | Foreclosed assets | Spain | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € 2,596 | € 3,120 | € 3,485 |
Non-current assets - Narrative
Non-current assets - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Impairment | € 94 | € 141 | € 215 |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Provision recognised for non-current assets held for sale | 3,425 | 3,811 | 4,104 |
Impairment | 204 | 239 | 250 |
Recoveries | € 110 | € 98 | € 35 |
Investments - Summary of invest
Investments - Summary of investments by company (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of associates [line items] | ||||
Associated entities | € 5,634 | € 5,833 | € 6,130 | |
Joint venture entities | 1,981 | 1,692 | 1,492 | |
INVESTMENTS | 7,615 | 7,525 | 7,622 | € 8,772 |
U.C.I., S.A. | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 416 | 228 | 168 | |
Santander Caceis Latam Holding 1, S.L | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 359 | 334 | 326 | |
Santander Vida Seguros y Reaseguros, S.A. | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 356 | 378 | 381 | |
Fortune Auto Finance Co., ltd | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 244 | 222 | 172 | |
Hyundai Capital UK Limited | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 223 | 201 | 151 | |
Banco RCI Brasil S.A. | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 95 | 92 | 88 | |
Other companies | ||||
Disclosure of associates [line items] | ||||
Joint venture entities | 288 | 237 | 206 | |
Merlin Properties, SOCIMI, S.A. | ||||
Disclosure of associates [line items] | ||||
Associated entities | 1,653 | 1,640 | 1,581 | |
Caceis | ||||
Disclosure of associates [line items] | ||||
Associated entities | 1,046 | 975 | 1,077 | |
Metrovacesa, S.A. | ||||
Disclosure of associates [line items] | ||||
Associated entities | 979 | 1,087 | 1,157 | |
Zurich Santander Insurance América, S.L. | ||||
Disclosure of associates [line items] | ||||
Associated entities | 916 | 826 | 955 | |
CNP Santander | ||||
Disclosure of associates [line items] | ||||
Associated entities | 406 | 418 | 439 | |
Ebury Partners | ||||
Disclosure of associates [line items] | ||||
Associated entities | 0 | 394 | 388 | |
Other companies | ||||
Disclosure of associates [line items] | ||||
Associated entities | € 634 | € 493 | € 533 |
Investments - Summary of goodwi
Investments - Summary of goodwill of the main investments in joint ventures and associates (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of associates [line items] | ||||
Goodwill | € 13,741 | € 12,713 | € 12,471 | € 24,246 |
Zurich Santander Insurance América, S.L. | ||||
Disclosure of associates [line items] | ||||
Goodwill | 526 | 526 | 526 | |
Caceis | ||||
Disclosure of associates [line items] | ||||
Goodwill | 337 | 337 | 337 | |
Associates and joint ventures | ||||
Disclosure of associates [line items] | ||||
Goodwill | € 1,508 | € 1,723 | € 1,862 |
Investments - Summary of change
Investments - Summary of changes in investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of associates [line items] | |||
Balance at beginning of year | € 7,525 | € 7,622 | € 8,772 |
Acquisitions (disposals) of companies and capital increases (reductions) | 142 | 94 | 676 |
Changes in the consolidation method (note 3) | (320) | 0 | (1,359) |
Effect of equity accounting | 702 | 432 | (96) |
Dividends distributed and reimbursements of share premium | (560) | (662) | (186) |
Other global result | 70 | (13) | (1) |
Exchange differences and other changes | 56 | 52 | (184) |
Balance at end of year | 7,615 | 7,525 | 7,622 |
Ebury Partners | |||
Disclosure of associates [line items] | |||
Acquisitions (disposals) of companies and capital increases (reductions) | 0 | 0 | 409 |
Changes in the consolidation method (note 3) | (382) | 0 | 0 |
Project Quasar Investments 2017, S.L. | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | 0 | (956) |
Popular Spain Holding De Inversiones, S.L.U. | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | 0 | (409) |
Zurich Santander Insurance América, S.L. | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (160) | (230) | (80) |
Caceis | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | 0 | (144) | 0 |
CNP Santander | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (15) | (60) | 0 |
Metrovacesa, S.A. | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (124) | (60) | 0 |
Merlin Properties, SOCIMI, S.A. | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (139) | (52) | (17) |
Santander Vida Seguros y Reaseguros, S.A. | |||
Disclosure of associates [line items] | |||
Acquisitions (disposals) of companies and capital increases (reductions) | 0 | 0 | 219 |
Dividends distributed and reimbursements of share premium | € (40) | € (31) | € (37) |
Investments - Summary of financ
Investments - Summary of financial information on the main associates and joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of associates [line items] | ||||
TOTAL ASSETS | € 1,734,659 | € 1,595,835 | € 1,508,250 | |
TOTAL LIABILITIES | 1,637,074 | 1,498,782 | 1,416,928 | |
Profit or loss for the year | 10,764 | 9,653 | (7,708) | |
Other accumulated comprehensive income | (35,628) | (32,719) | (33,144) | |
Total equity | 97,585 | 97,053 | 91,322 | € 110,659 |
TOTAL LIABILITIES AND EQUITY | 1,734,659 | 1,595,835 | 1,508,250 | |
Profit (loss) from continuing operations | 10,764 | 9,653 | (7,708) | |
Profit/(loss) after tax from discontinued operations | 0 | € 0 | € 0 | |
Aggregate amounts for entities accounted for using the equity method | Merlin Properties, SOCIMI, S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 1,038 | |||
Non current assets | 13,234 | |||
TOTAL ASSETS | 14,272 | |||
Current liabilities | 737 | |||
Non current liabilities | 6,508 | |||
TOTAL LIABILITIES | 7,245 | |||
Profit or loss for the year | 512 | |||
Other accumulated comprehensive income | 32 | |||
Rest of equity | 6,483 | |||
Total equity | 7,027 | |||
TOTAL LIABILITIES AND EQUITY | 14,272 | |||
Ordinary activities income | 551 | |||
Profit (loss) from continuing operations | 512 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Metrovacesa, S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 2,200 | |||
Non current assets | 577 | |||
TOTAL ASSETS | 2,777 | |||
Current liabilities | 364 | |||
Non current liabilities | 334 | |||
TOTAL LIABILITIES | 698 | |||
Profit or loss for the year | 18 | |||
Other accumulated comprehensive income | 1 | |||
Rest of equity | 2,060 | |||
Total equity | 2,079 | |||
TOTAL LIABILITIES AND EQUITY | 2,777 | |||
Ordinary activities income | 511 | |||
Profit (loss) from continuing operations | 18 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Caceis | ||||
Disclosure of associates [line items] | ||||
Current assets | 36,702 | |||
Non current assets | 87,638 | |||
TOTAL ASSETS | 124,340 | |||
Current liabilities | 9,629 | |||
Non current liabilities | 110,251 | |||
TOTAL LIABILITIES | 119,880 | |||
Profit or loss for the year | 278 | |||
Other accumulated comprehensive income | 0 | |||
Rest of equity | 4,182 | |||
Total equity | 4,460 | |||
TOTAL LIABILITIES AND EQUITY | 124,340 | |||
Ordinary activities income | 2,770 | |||
Profit (loss) from continuing operations | 278 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Zurich Santander Insurance América, S.L. | ||||
Disclosure of associates [line items] | ||||
Current assets | 1,027 | |||
Non current assets | 16,216 | |||
TOTAL ASSETS | 17,243 | |||
Current liabilities | 337 | |||
Non current liabilities | 15,907 | |||
TOTAL LIABILITIES | 16,244 | |||
Profit or loss for the year | 471 | |||
Other accumulated comprehensive income | (759) | |||
Rest of equity | 1,287 | |||
Total equity | 999 | |||
TOTAL LIABILITIES AND EQUITY | 17,243 | |||
Ordinary activities income | 4,771 | |||
Profit (loss) from continuing operations | 471 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | CNP Santander | ||||
Disclosure of associates [line items] | ||||
Current assets | 166 | |||
Non current assets | 2,168 | |||
TOTAL ASSETS | 2,334 | |||
Current liabilities | 19 | |||
Non current liabilities | 1,907 | |||
TOTAL LIABILITIES | 1,926 | |||
Profit or loss for the year | 93 | |||
Other accumulated comprehensive income | (86) | |||
Rest of equity | 401 | |||
Total equity | 408 | |||
TOTAL LIABILITIES AND EQUITY | 2,334 | |||
Ordinary activities income | 816 | |||
Profit (loss) from continuing operations | 93 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Santander Caceis Latam Holding 1, S.L | ||||
Disclosure of associates [line items] | ||||
Current assets | 191 | |||
Non current assets | 497 | |||
TOTAL ASSETS | 688 | |||
Current liabilities | 188 | |||
Non current liabilities | 10 | |||
TOTAL LIABILITIES | 198 | |||
Profit or loss for the year | 67 | |||
Other accumulated comprehensive income | (242) | |||
Rest of equity | 665 | |||
Total equity | 490 | |||
TOTAL LIABILITIES AND EQUITY | 688 | |||
Ordinary activities income | 120 | |||
Profit (loss) from continuing operations | 67 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | U.C.I., S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 308 | |||
Non current assets | 11,228 | |||
TOTAL ASSETS | 11,536 | |||
Current liabilities | 182 | |||
Non current liabilities | 10,574 | |||
TOTAL LIABILITIES | 10,756 | |||
Profit or loss for the year | (63) | |||
Other accumulated comprehensive income | 280 | |||
Rest of equity | 563 | |||
Total equity | 780 | |||
TOTAL LIABILITIES AND EQUITY | 11,536 | |||
Ordinary activities income | 263 | |||
Profit (loss) from continuing operations | (63) | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Hyundai Capital UK Limited | ||||
Disclosure of associates [line items] | ||||
Current assets | 2,593 | |||
Non current assets | 2,064 | |||
TOTAL ASSETS | 4,657 | |||
Current liabilities | 2,346 | |||
Non current liabilities | 1,868 | |||
TOTAL LIABILITIES | 4,214 | |||
Profit or loss for the year | 68 | |||
Other accumulated comprehensive income | (19) | |||
Rest of equity | 394 | |||
Total equity | 443 | |||
TOTAL LIABILITIES AND EQUITY | 4,657 | |||
Ordinary activities income | 809 | |||
Profit (loss) from continuing operations | 68 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Fortune Auto Finance Co., ltd | ||||
Disclosure of associates [line items] | ||||
Current assets | 176 | |||
Non current assets | 1,863 | |||
TOTAL ASSETS | 2,039 | |||
Current liabilities | 29 | |||
Non current liabilities | 1,521 | |||
TOTAL LIABILITIES | 1,550 | |||
Profit or loss for the year | 57 | |||
Other accumulated comprehensive income | 12 | |||
Rest of equity | 420 | |||
Total equity | 489 | |||
TOTAL LIABILITIES AND EQUITY | 2,039 | |||
Ordinary activities income | 257 | |||
Profit (loss) from continuing operations | 57 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 79 | |||
Non current assets | 1,725 | |||
TOTAL ASSETS | 1,804 | |||
Current liabilities | 190 | |||
Non current liabilities | 1,051 | |||
TOTAL LIABILITIES | 1,241 | |||
Profit or loss for the year | 89 | |||
Other accumulated comprehensive income | (51) | |||
Rest of equity | 525 | |||
Total equity | 563 | |||
TOTAL LIABILITIES AND EQUITY | 1,804 | |||
Ordinary activities income | 784 | |||
Profit (loss) from continuing operations | 89 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Banco RCI Brasil S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 5 | |||
Non current assets | 1,939 | |||
TOTAL ASSETS | 1,944 | |||
Current liabilities | 109 | |||
Non current liabilities | 1,582 | |||
TOTAL LIABILITIES | 1,691 | |||
Profit or loss for the year | 40 | |||
Other accumulated comprehensive income | (217) | |||
Rest of equity | 430 | |||
Total equity | 253 | |||
TOTAL LIABILITIES AND EQUITY | 1,944 | |||
Ordinary activities income | 292 | |||
Profit (loss) from continuing operations | 40 | |||
Profit/(loss) after tax from discontinued operations | € 0 |
Insurance contracts linked to_3
Insurance contracts linked to pensions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of types of insurance contracts [line items] | |||
Assets arising from insurance contracts | € 104 | € 149 | € 174 |
Banco Santander, S.A. | |||
Disclosure of types of insurance contracts [line items] | |||
Assets arising from insurance contracts | € 104 | € 149 | € 174 |
Liabilities and assets under _3
Liabilities and assets under insurance contracts and reinsurance assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | € 747 | € 770 | € 910 |
Reinsurance ceded | (308) | (283) | (261) |
Total (balance payable) | 439 | 487 | 649 |
Unearned premiums and unexpired risks | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 65 | 56 | 51 |
Reinsurance ceded | (58) | (50) | (45) |
Total (balance payable) | 7 | 6 | 6 |
Life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 226 | 209 | 189 |
Reinsurance ceded | (173) | (150) | (137) |
Total (balance payable) | 53 | 59 | 52 |
Unearned premiums and risks | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 163 | 146 | 126 |
Reinsurance ceded | (150) | (130) | (122) |
Total (balance payable) | 13 | 16 | 4 |
Mathematical provisions | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 63 | 63 | 63 |
Reinsurance ceded | (23) | (20) | (15) |
Total (balance payable) | 40 | 43 | 48 |
Claims outstanding | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 389 | 451 | 561 |
Reinsurance ceded | (51) | (55) | (59) |
Total (balance payable) | 338 | 396 | 502 |
Bonuses and rebates | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 14 | 20 | 23 |
Reinsurance ceded | (6) | (11) | (11) |
Total (balance payable) | 8 | 9 | 12 |
Other technical provisions | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Liabilities under insurance or reinsurance contracts | 53 | 34 | 86 |
Reinsurance ceded | (20) | (17) | (9) |
Total (balance payable) | € 33 | € 17 | € 77 |
Tangible assets - Disclosure of
Tangible assets - Disclosure of changes in tangible assets in the consolidated balance sheets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | € 33,321 | € 32,735 | |
Balance, at the end of the period | 34,073 | 33,321 | € 32,735 |
Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 2,625 | 2,722 | |
Balance, at the end of the period | 2,413 | 2,625 | 2,722 |
Cost | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 51,489 | 50,560 | 53,012 |
Additions / disposals (net) due to change in the scope of consolidation | 103 | (191) | 1,073 |
Additions / disposals (net) | (282) | (359) | 1,310 |
Transfers, exchange differences and other items | 2,006 | 1,479 | (4,835) |
Balance, at the end of the period | 53,316 | 51,489 | 50,560 |
Cost | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 4,429 | 3,948 | 5,686 |
Additions / disposals (net) due to change in the scope of consolidation | 1 | 1 | (37) |
Additions / disposals (net) | 109 | 96 | (1,339) |
Transfers, exchange differences and other items | 153 | 384 | (362) |
Balance, at the end of the period | 4,692 | 4,429 | 3,948 |
Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (17,402) | (17,261) | (17,328) |
Additions / disposals (net) due to change in the scope of consolidation | (33) | 39 | (40) |
Additions / disposals (net) | 3,963 | 4,126 | 2,925 |
Charge for the year | (1,834) | (1,743) | (1,914) |
Transfers, exchange differences and other items | (3,336) | (2,563) | (904) |
Balance, at the end of the period | (18,642) | (17,402) | (17,261) |
Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (1,789) | (1,217) | (765) |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | (3) |
Additions / disposals (net) | 164 | 44 | 167 |
Charge for the year | (636) | (612) | (706) |
Transfers, exchange differences and other items | (4) | (4) | 90 |
Balance, at the end of the period | (2,265) | (1,789) | (1,217) |
Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (765) | (564) | (449) |
Impairment charge for the year | (157) | (169) | (185) |
Releases | 17 | 19 | 11 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 119 | 64 | 23 |
Transfers, exchange differences and other items | 185 | (115) | 36 |
Balance, at the end of the period | (601) | (765) | (564) |
Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (15) | (9) | 0 |
Impairment charge for the year | (2) | (13) | (4) |
Releases | 1 | 1 | 1 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 13 | 7 | 0 |
Transfers, exchange differences and other items | (11) | (1) | (6) |
Balance, at the end of the period | (14) | (15) | (9) |
For own use | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 13,259 | 13,213 | |
Balance, at the end of the period | 13,489 | 13,259 | 13,213 |
For own use | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 2,625 | 2,722 | |
Balance, at the end of the period | 2,413 | 2,625 | 2,722 |
For own use | Cost | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 25,529 | 24,896 | 27,108 |
Additions / disposals (net) due to change in the scope of consolidation | 14 | 66 | (16) |
Additions / disposals (net) | 604 | 781 | 827 |
Transfers, exchange differences and other items | 423 | (214) | (3,023) |
Balance, at the end of the period | 26,570 | 25,529 | 24,896 |
For own use | Cost | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 4,429 | 3,948 | 5,686 |
Additions / disposals (net) due to change in the scope of consolidation | 1 | 1 | (37) |
Additions / disposals (net) | 109 | 96 | (1,339) |
Transfers, exchange differences and other items | 153 | 384 | (362) |
Balance, at the end of the period | 4,692 | 4,429 | 3,948 |
For own use | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (12,015) | (11,543) | (11,974) |
Additions / disposals (net) due to change in the scope of consolidation | (7) | (1) | (40) |
Additions / disposals (net) | 1,065 | 733 | 527 |
Charge for the year | (1,821) | (1,733) | (1,906) |
Transfers, exchange differences and other items | (114) | 529 | 1,850 |
Balance, at the end of the period | (12,892) | (12,015) | (11,543) |
For own use | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (1,789) | (1,217) | (765) |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | (3) |
Additions / disposals (net) | 164 | 44 | 167 |
Charge for the year | (636) | (612) | (706) |
Transfers, exchange differences and other items | (4) | (4) | 90 |
Balance, at the end of the period | (2,265) | (1,789) | (1,217) |
For own use | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (255) | (140) | (93) |
Impairment charge for the year | (95) | (144) | (104) |
Releases | 12 | 10 | 4 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 34 | 61 | 20 |
Transfers, exchange differences and other items | 115 | (42) | 33 |
Balance, at the end of the period | (189) | (255) | (140) |
For own use | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (15) | (9) | 0 |
Impairment charge for the year | (2) | (13) | (4) |
Releases | 1 | 1 | 1 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 13 | 7 | 0 |
Transfers, exchange differences and other items | (11) | (1) | (6) |
Balance, at the end of the period | (14) | (15) | (9) |
Leased out under an operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 19,083 | 18,559 | |
Balance, at the end of the period | 19,555 | 19,083 | 18,559 |
Leased out under an operating lease | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Cost | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 24,423 | 24,204 | 24,454 |
Additions / disposals (net) due to change in the scope of consolidation | 89 | (257) | 1,082 |
Additions / disposals (net) | (822) | (1,076) | 512 |
Transfers, exchange differences and other items | 1,476 | 1,552 | (1,844) |
Balance, at the end of the period | 25,166 | 24,423 | 24,204 |
Leased out under an operating lease | Cost | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (5,238) | (5,585) | (5,210) |
Additions / disposals (net) due to change in the scope of consolidation | (30) | 40 | 0 |
Additions / disposals (net) | 2,882 | 3,390 | 2,387 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | (3,192) | (3,083) | (2,762) |
Balance, at the end of the period | (5,578) | (5,238) | (5,585) |
Leased out under an operating lease | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (102) | (60) | (23) |
Impairment charge for the year | (33) | (17) | (70) |
Releases | 1 | 4 | 2 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 76 | 0 | 0 |
Transfers, exchange differences and other items | 25 | (29) | 31 |
Balance, at the end of the period | (33) | (102) | (60) |
Leased out under an operating lease | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Impairment charge for the year | 0 | 0 | 0 |
Releases | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 979 | 963 | |
Balance, at the end of the period | 1,029 | 979 | 963 |
Investment property | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Cost | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 1,537 | 1,460 | 1,450 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 7 |
Additions / disposals (net) | (64) | (64) | (29) |
Transfers, exchange differences and other items | 107 | 141 | 32 |
Balance, at the end of the period | 1,580 | 1,537 | 1,460 |
Investment property | Cost | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (149) | (133) | (144) |
Additions / disposals (net) due to change in the scope of consolidation | 4 | 0 | 0 |
Additions / disposals (net) | 16 | 3 | 11 |
Charge for the year | (13) | (10) | (8) |
Transfers, exchange differences and other items | (30) | (9) | 8 |
Balance, at the end of the period | (172) | (149) | (133) |
Investment property | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (408) | (364) | (333) |
Impairment charge for the year | (29) | (8) | (11) |
Releases | 4 | 5 | 5 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 9 | 3 | 3 |
Transfers, exchange differences and other items | 45 | (44) | (28) |
Balance, at the end of the period | (379) | (408) | (364) |
Investment property | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Impairment charge for the year | 0 | 0 | 0 |
Releases | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | € 0 | € 0 | € 0 |
Tangible assets - Disclosure _2
Tangible assets - Disclosure of detailed information about property, plant and equipment (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, plant and equipment for own use | |||
Carrying amount | € 33,044 | € 32,342 | € 31,772 |
Property, plant and equipment for own use | |||
Property, plant and equipment for own use | |||
Carrying amount | 13,489 | 13,259 | 13,213 |
Property, plant and equipment for own use | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 26,570 | 25,529 | 24,896 |
Property, plant and equipment for own use | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (12,892) | (12,015) | (11,543) |
Property, plant and equipment for own use | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (189) | (255) | (140) |
Property, plant and equipment for own use | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,413 | 2,625 | 2,722 |
Land and buildings | |||
Property, plant and equipment for own use | |||
Carrying amount | 9,981 | 9,940 | 9,733 |
Land and buildings | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 14,623 | 13,855 | 13,081 |
Land and buildings | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (4,467) | (3,675) | (3,215) |
Land and buildings | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (175) | (240) | (133) |
Land and buildings | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,349 | 2,570 | 2,716 |
IT equipment and fixtures | |||
Property, plant and equipment for own use | |||
Carrying amount | 1,301 | 1,208 | 1,146 |
IT equipment and fixtures | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 5,285 | 5,543 | 5,562 |
IT equipment and fixtures | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (3,984) | (4,335) | (4,416) |
IT equipment and fixtures | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | 0 | 0 | 0 |
IT equipment and fixtures | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 53 | 42 | 1 |
Furniture and vehicles | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,056 | 2,028 | 2,231 |
Furniture and vehicles | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 6,445 | 5,982 | 6,085 |
Furniture and vehicles | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (4,389) | (3,954) | (3,854) |
Furniture and vehicles | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | 0 | 0 | 0 |
Furniture and vehicles | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 11 | 12 | 5 |
Construction in progress and other items | |||
Property, plant and equipment for own use | |||
Carrying amount | 151 | 83 | 103 |
Construction in progress and other items | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 217 | 149 | 168 |
Construction in progress and other items | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (52) | (51) | (58) |
Construction in progress and other items | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (14) | (15) | (7) |
Construction in progress and other items | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | € 0 | € 0 | € 0 |
Tangible assets - Narrative (De
Tangible assets - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property, plant and equipment | € 33,044 | € 32,342 | € 31,772 |
Tangible assets | 34,073 | 33,321 | 32,735 |
Property, plant and equipment for own use | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property, plant and equipment | 13,489 | 13,259 | 13,213 |
Tangible assets | 13,489 | 13,259 | 13,213 |
Property, plant and equipment for own use | Abroad | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property, plant and equipment | 7,083 | 6,753 | 6,299 |
Leased out under an operating lease | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Tangible assets | 19,555 | 19,083 | 18,559 |
Leased out under an operating lease | Vehicles | Santander US Auto | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Tangible assets | 13,389 | 13,630 | 13,473 |
Investment property | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Tangible assets | 1,029 | 979 | 963 |
Fair value of investment property | 1,153 | 1,088 | 1,055 |
Unrealized gains (losses) on fair value adjustment | € 124 | € 109 | € 92 |
Tangible assets - Disclosure _3
Tangible assets - Disclosure of maturity analysis of operating lease payments (Details) - Santander US Auto € in Millions | Dec. 31, 2022 EUR (€) |
2023 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 2,811 |
2024 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 5,243 |
2025 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 4,762 |
2026 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 1,171 |
Intangible assets - Goodwill -
Intangible assets - Goodwill - Disclosure of detailed information about goodwill (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash-generating units information | ||||
Goodwill | € 13,741 | € 12,713 | € 12,471 | € 24,246 |
Banco Santander (Brasil) S.A. | ||||
Cash-generating units information | ||||
Goodwill | 3,503 | 3,219 | 3,109 | |
SAM Investment Holdings Limited | ||||
Cash-generating units information | ||||
Goodwill | 1,444 | 1,444 | 1,444 | |
Santander Consumer Germany | ||||
Cash-generating units information | ||||
Goodwill | 1,304 | 1,304 | 1,314 | |
Santander Bank Polska | ||||
Cash-generating units information | ||||
Goodwill | 1,075 | 1,095 | 1,104 | |
Santander Portugal | ||||
Cash-generating units information | ||||
Goodwill | 1,040 | 1,040 | 1,040 | |
Santander US Auto | ||||
Cash-generating units information | ||||
Goodwill | 1,039 | 979 | 904 | |
Santander España | ||||
Cash-generating units information | ||||
Goodwill | 998 | 1,027 | 1,027 | |
Santander Holdings USA, Inc. | ||||
Cash-generating units information | ||||
Goodwill | 844 | 643 | 594 | |
Santander UK | ||||
Cash-generating units information | ||||
Goodwill | 599 | 633 | 592 | |
Banco Santander - Chile | ||||
Cash-generating units information | ||||
Goodwill | 548 | 516 | 571 | |
Grupo Financiero Santander (México) | ||||
Cash-generating units information | ||||
Goodwill | 469 | 435 | 399 | |
Ebury Partners | ||||
Cash-generating units information | ||||
Goodwill | 298 | 0 | 0 | |
Santander Consumer Nordics | ||||
Cash-generating units information | ||||
Goodwill | 215 | 224 | 216 | |
Other companies | ||||
Cash-generating units information | ||||
Goodwill | € 365 | € 154 | € 157 |
Intangible assets - Goodwill _2
Intangible assets - Goodwill - Schedule of goodwill and changes in goodwill (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in goodwill | |||
Goodwill at beginning of period | € 12,713 | € 12,471 | € 24,246 |
Additions | 534 | 81 | 429 |
Impairment losses | 0 | (6) | (10,100) |
Disposals or changes in scope of consolidation | 0 | 0 | 0 |
Exchange differences and other items | 494 | 167 | (2,104) |
Goodwill at end of period | 13,741 | 12,713 | 12,471 |
Ebury Partners | |||
Changes in goodwill | |||
Additions | 316 | 0 | 0 |
Santander Holdings USA, Inc. | |||
Changes in goodwill | |||
Additions | 158 | 0 | 0 |
Impairment losses | 0 | 0 | (1,177) |
SAM Investment Holdings Limited | |||
Changes in goodwill | |||
Additions | 0 | 0 | 271 |
Santander UK | |||
Changes in goodwill | |||
Impairment losses | 0 | 0 | (6,101) |
Santander Bank Polska | |||
Changes in goodwill | |||
Impairment losses | 0 | 0 | (1,192) |
Santander US Auto | |||
Changes in goodwill | |||
Impairment losses | 0 | 0 | (1,153) |
Santander Consumer Nordics | |||
Changes in goodwill | |||
Impairment losses | € 0 | € 0 | € (277) |
Intangible assets - Goodwill _3
Intangible assets - Goodwill - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reconciliation of changes in goodwill [line items] | |||
Exchange differences and other items | € 494 | € 167 | € (2,104) |
Impairment loss recognised in profit or loss, goodwill | € 0 | € 6 | € 10,100 |
Sensitivity analysis, discount rate adjustment, increase (in basis points) | 0.50% | ||
Sensitivity analysis, discount rate adjustment, decrease (in basis points) | 0.50% | ||
Sensitivity analysis, perpetuity growth rate adjustment, decrease (in basis points) | 0.50% | ||
Sensitivity analysis, perpetuity growth rate adjustment, increase (in basis points) | 0.50% | ||
Sensitivity analysis, cash flow projections, decrease | 5% | ||
Minimum | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Earnings projections based on financial budgets, approve period | 3 years | ||
Maximum | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Earnings projections based on financial budgets, approve period | 5 years |
Intangible assets - Goodwill _4
Intangible assets - Goodwill - Schedule of goodwill assumptions (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Santander UK | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 11.10% | 9.20% | 9.50% |
Nominal perpetual growth rate | 2.50% | 2.30% | 2.30% |
Santander Bank Polska | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 15.60% | 10.30% | 10% |
Nominal perpetual growth rate | 4.80% | 3.50% | 3.50% |
Santander US Auto | |||
Cash-generating units information | |||
Projected period | 3 years | ||
Discount rate | 12.20% | 10.60% | 10.70% |
Nominal perpetual growth rate | 2.80% | 1.50% | 1.50% |
Santander Holdings USA, Inc. | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 12.60% | 11.60% | 11.60% |
Nominal perpetual growth rate | 3.50% | 3% | 2.50% |
Santander Consumer Germany | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 9.40% | 8.30% | 9% |
Nominal perpetual growth rate | 2.30% | 1.80% | 1.80% |
SAM Investment Holdings Limited | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 12.20% | 10.40% | 10.10% |
Nominal perpetual growth rate | 2.50% | 2.50% | 2.50% |
Santander Portugal | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 11.10% | 9.70% | 9.80% |
Nominal perpetual growth rate | 2.30% | 1.80% | 1.80% |
Santander Consumer Nordics | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate | 11% | 9.90% | 10.10% |
Nominal perpetual growth rate | 2.50% | 2% | 2% |
Intangible assets - Other int_3
Intangible assets - Other intangible assets - Disclosure of detailed information about intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | € 3,871 | € 3,437 | € 3,441 |
Net additions and disposals | 1,757 | 1,409 | 1,486 |
Change in scope of consolidation | 381 | 3 | 16 |
Amortization and impairment | (1,226) | (1,078) | (1,038) |
Application of amortization and impairment | 0 | 0 | 0 |
Exchange differences and other | 121 | 100 | (468) |
Intangible assets, end balance | 4,904 | 3,871 | 3,437 |
Cost | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | 10,712 | 9,376 | 9,263 |
Net additions and disposals | 1,757 | 1,409 | 1,451 |
Change in scope of consolidation | 381 | 5 | (33) |
Amortization and impairment | 0 | 0 | 0 |
Application of amortization and impairment | (511) | (293) | (241) |
Exchange differences and other | 163 | 215 | (1,064) |
Intangible assets, end balance | 12,502 | 10,712 | 9,376 |
Accumulated amortisation | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | (6,707) | (5,809) | (5,686) |
Net additions and disposals | 0 | 0 | 35 |
Change in scope of consolidation | 0 | (2) | 49 |
Amortization and impairment | (1,151) | (1,013) | (896) |
Application of amortization and impairment | 412 | 232 | 105 |
Exchange differences and other | (108) | (115) | 584 |
Intangible assets, end balance | (7,554) | (6,707) | (5,809) |
Impairment losses | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | (134) | (130) | (136) |
Net additions and disposals | 0 | 0 | 0 |
Change in scope of consolidation | 0 | 0 | 0 |
Amortization and impairment | (75) | (65) | (142) |
Addition | (75) | (65) | (142) |
Liberation | 0 | 0 | 0 |
Application of amortization and impairment | 99 | 61 | 136 |
Exchange differences and other | 66 | 0 | 12 |
Intangible assets, end balance | (44) | (134) | (130) |
Brand names | Cost | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | 4 | 37 | 42 |
Net additions and disposals | 0 | 0 | 0 |
Change in scope of consolidation | 27 | 0 | 0 |
Application of amortization and impairment | 0 | (34) | 0 |
Exchange differences and other | 2 | 1 | (5) |
Intangible assets, end balance | € 33 | € 4 | € 37 |
IT developments | Minimum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 3 years | 3 years | 3 years |
IT developments | Maximum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 7 years | 7 years | 7 years |
IT developments | Cost | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | € 9,189 | € 7,900 | € 7,945 |
Net additions and disposals | 1,748 | 1,325 | 1,123 |
Change in scope of consolidation | 153 | 4 | (34) |
Application of amortization and impairment | (497) | (212) | (224) |
Exchange differences and other | 128 | 172 | (910) |
Intangible assets, end balance | 10,721 | 9,189 | 7,900 |
IT developments | Accumulated amortisation | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | (6,149) | (5,307) | (5,139) |
Net additions and disposals | 0 | 0 | 0 |
Change in scope of consolidation | 0 | (1) | 49 |
Amortization and impairment | (1,024) | (922) | (792) |
Application of amortization and impairment | 403 | 178 | 88 |
Exchange differences and other | (96) | (97) | 487 |
Intangible assets, end balance | (6,866) | (6,149) | (5,307) |
Other | Cost | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | 1,519 | 1,439 | 1,276 |
Net additions and disposals | 9 | 84 | 328 |
Change in scope of consolidation | 201 | 1 | 1 |
Application of amortization and impairment | (14) | (47) | (17) |
Exchange differences and other | 33 | 42 | (149) |
Intangible assets, end balance | 1,748 | 1,519 | 1,439 |
Other | Accumulated amortisation | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, beginning balance | (558) | (502) | (547) |
Net additions and disposals | 0 | 0 | 35 |
Change in scope of consolidation | 0 | (1) | 0 |
Amortization and impairment | (127) | (91) | (104) |
Application of amortization and impairment | 9 | 54 | 17 |
Exchange differences and other | (12) | (18) | 97 |
Intangible assets, end balance | € (688) | € (558) | € (502) |
Intangible assets - Other int_4
Intangible assets - Other intangible assets - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Intangible assets other than goodwill [abstract] | |||
Impairment losses | € 75 | € 65 | € 142 |
Other assets (Details)
Other assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Miscellaneous assets [abstract] | |||
Transactions in transit | € 83 | € 157 | € 88 |
Net pension plan assets (note 25) | 1,345 | 1,990 | 635 |
Prepayments and accrued income | 3,003 | 2,610 | 2,806 |
Other (note 2.n) | 5,536 | 3,683 | 7,362 |
Other non-financial assets | € 9,967 | € 8,440 | € 10,891 |
Deposits from central banks a_3
Deposits from central banks and credit institutions - Schedule of deposits from central banks and credit institutions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Deposits [Line Items] | |||
Financial liabilities held for trading | € 115,185 | € 79,469 | € 81,167 |
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 |
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 |
Euro | |||
Deposits [Line Items] | |||
Total financial liabilities | 65,133 | 107,908 | 104,499 |
Pound sterling | |||
Deposits [Line Items] | |||
Total financial liabilities | 35,357 | 42,451 | 23,339 |
US dollar | |||
Deposits [Line Items] | |||
Total financial liabilities | 30,924 | 24,012 | 26,581 |
Brazilian real | |||
Deposits [Line Items] | |||
Total financial liabilities | 14,195 | 11,297 | 12,356 |
Other currencies | |||
Deposits [Line Items] | |||
Total financial liabilities | 19,176 | 15,521 | 17,904 |
Central banks and Credit institutions | |||
Deposits [Line Items] | |||
Total financial liabilities | 164,785 | 201,189 | 184,679 |
Central banks | |||
Deposits [Line Items] | |||
Financial liabilities held for trading | 5,757 | 1,038 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,740 | 607 | 2,490 |
Financial liabilities at amortized cost | 76,952 | 139,757 | 112,804 |
Total financial liabilities | 84,449 | 141,402 | 115,294 |
Central banks | Deposits on demand | |||
Deposits [Line Items] | |||
Total financial liabilities | 0 | 10 | 10 |
Central banks | Time deposits | |||
Deposits [Line Items] | |||
Total financial liabilities | 72,320 | 134,439 | 108,090 |
Central banks | Reverse repurchase agreements | |||
Deposits [Line Items] | |||
Total financial liabilities | 12,129 | 6,953 | 7,194 |
Credit institutions | |||
Deposits [Line Items] | |||
Financial liabilities held for trading | 9,796 | 6,488 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,958 | 1,064 | 6,765 |
Financial liabilities at amortized cost | 68,582 | 52,235 | 62,620 |
Total financial liabilities | 80,336 | 59,787 | 69,385 |
Credit institutions | Deposits on demand | |||
Deposits [Line Items] | |||
Total financial liabilities | 6,808 | 6,139 | 5,727 |
Credit institutions | Time deposits | |||
Deposits [Line Items] | |||
Total financial liabilities | 49,221 | 37,332 | 43,308 |
Credit institutions | Reverse repurchase agreements | |||
Deposits [Line Items] | |||
Total financial liabilities | 24,245 | 16,198 | 20,179 |
Credit institutions | Subordinated liabilities | |||
Deposits [Line Items] | |||
Total financial liabilities | € 62 | € 118 | € 171 |
Deposits from central banks a_4
Deposits from central banks and credit institutions - Narrative (Details) - TLTRO III - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Deposits [Line Items] | |||
Deposits from central banks at amortised cost due to participation in the refinancing operations program | € 33,536 | € 88,894 | € 77,732 |
Income from participation in refinancing operations program | € 489 | € 868 | € 391 |
Customer deposits (Details)
Customer deposits (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | € 115,185 | € 79,469 | € 81,167 |
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 |
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 |
Deposits | |||
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | 27,779 | 13,667 | 0 |
Financial liabilities designated at fair value through profit or loss | 50,520 | 27,279 | 43,598 |
Financial liabilities at amortized cost | 1,111,887 | 1,078,587 | 990,391 |
Customers | |||
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | 12,226 | 6,141 | 0 |
Financial liabilities designated at fair value through profit or loss | 46,822 | 25,608 | 34,343 |
Financial liabilities at amortized cost | 966,353 | 886,595 | 814,967 |
Total financial liabilities | 1,025,401 | 918,344 | 849,310 |
Customers | Deposits on demand | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 710,232 | 717,728 | 642,897 |
Customers | Current accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 477,739 | 482,649 | 418,752 |
Customers | Savings accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 225,445 | 227,318 | 216,500 |
Customers | Other demand deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 7,048 | 7,761 | 7,645 |
Customers | Time deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 251,778 | 164,259 | 171,939 |
Customers | Fixed-term deposits and other term deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 248,298 | 162,172 | 170,127 |
Customers | Home-purchase savings accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 38 | 38 | 43 |
Customers | Discount deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 0 | 3 | 3 |
Customers | Hybrid financial liabilities | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 3,296 | 1,906 | 1,743 |
Customers | Subordinated liabilities | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 146 | 140 | 23 |
Customers | Repurchase agreements | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 63,391 | 36,357 | 34,474 |
Customers | Spain | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 399,112 | 319,565 | 294,516 |
Customers | European Union (excluding Spain) | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 115,323 | 112,361 | 106,013 |
Customers | United Kingdom | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 232,364 | 243,734 | 232,840 |
Customers | United States and Puerto Rico | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 87,497 | 73,814 | 59,057 |
Customers | Rest of America | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 181,782 | 159,381 | 147,300 |
Customers | Rest of the world | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | € 9,323 | € 9,489 | € 9,584 |
Marketable debt securities - Sc
Marketable debt securities - Schedule of marketable securities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Marketable debt securities | ||||
Financial liabilities held for trading | € 115,185 | € 79,469 | € 81,167 | |
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 | |
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 | |
Marketable debt securities | ||||
Marketable debt securities | ||||
Financial liabilities held for trading | 0 | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 5,427 | 5,454 | 4,440 | |
Financial liabilities at amortized cost | 274,912 | 240,709 | 230,829 | |
Total financial liabilities | 280,339 | 246,163 | 235,269 | |
Marketable debt securities | Bonds and debentures outstanding | ||||
Marketable debt securities | ||||
Total financial liabilities | 211,597 | 194,362 | 191,577 | € 208,455 |
Marketable debt securities | Subordinated liabilities | ||||
Marketable debt securities | ||||
Total financial liabilities | 25,717 | 25,938 | 21,686 | |
Marketable debt securities | Notes and other securities | ||||
Marketable debt securities | ||||
Total financial liabilities | € 43,025 | € 25,863 | € 22,006 |
Marketable debt securities - Di
Marketable debt securities - Disclosure of maturity analysis of debt instruments, book value (Details) - Marketable debt securities - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Marketable debt securities | |||
Financial liabilities | € 280,339 | € 246,163 | € 235,269 |
Debt securities issued | |||
Marketable debt securities | |||
Financial liabilities | 280,339 | ||
Debt securities issued | Within 3 months | |||
Marketable debt securities | |||
Financial liabilities | 35,087 | ||
Debt securities issued | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 47,413 | ||
Debt securities issued | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 82,627 | ||
Debt securities issued | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 56,414 | ||
Debt securities issued | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 58,798 | ||
Subordinated debt | |||
Marketable debt securities | |||
Financial liabilities | 25,717 | 25,938 | 21,686 |
Subordinated debt | Within 3 months | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Subordinated debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 678 | ||
Subordinated debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 3,706 | ||
Subordinated debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 3,774 | ||
Subordinated debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 17,559 | ||
Senior unsecured debt | |||
Marketable debt securities | |||
Financial liabilities | 127,457 | ||
Senior unsecured debt | Within 3 months | |||
Marketable debt securities | |||
Financial liabilities | 5,224 | ||
Senior unsecured debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 13,924 | ||
Senior unsecured debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 48,113 | ||
Senior unsecured debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 31,854 | ||
Senior unsecured debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 28,342 | ||
Senior secured debt | |||
Marketable debt securities | |||
Financial liabilities | 84,140 | ||
Senior secured debt | Within 3 months | |||
Marketable debt securities | |||
Financial liabilities | 4,204 | ||
Senior secured debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 15,445 | ||
Senior secured debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 30,808 | ||
Senior secured debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 20,786 | ||
Senior secured debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 12,897 | ||
Promissory notes and other securities | |||
Marketable debt securities | |||
Financial liabilities | 43,025 | € 25,863 | € 22,006 |
Promissory notes and other securities | Within 3 months | |||
Marketable debt securities | |||
Financial liabilities | 25,659 | ||
Promissory notes and other securities | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 17,366 | ||
Promissory notes and other securities | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Promissory notes and other securities | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Promissory notes and other securities | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | € 0 |
Marketable debt securities - _2
Marketable debt securities - Disclosure of maturity analysis of debt instruments, notional amounts (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Jul. 20, 2022 | Jul. 06, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Marketable debt securities | |||||
Notional amount | € 386,843 | € 392,948 | € 360,626 | ||
3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 94,209 | 78,813 | 101,855 | ||
More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | 31,333 | € 45,901 | € 49,392 | ||
Subordinated debt | |||||
Marketable debt securities | |||||
Notional amount | € 25 | € 114 | |||
Marketable debt securities | Debt securities issued | |||||
Marketable debt securities | |||||
Notional amount | 281,033 | ||||
Marketable debt securities | Debt securities issued | Within 3 months | |||||
Marketable debt securities | |||||
Notional amount | 35,105 | ||||
Marketable debt securities | Debt securities issued | 3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 47,467 | ||||
Marketable debt securities | Debt securities issued | 1 to 3 years | |||||
Marketable debt securities | |||||
Notional amount | 82,925 | ||||
Marketable debt securities | Debt securities issued | 3 to 5 years | |||||
Marketable debt securities | |||||
Notional amount | 56,632 | ||||
Marketable debt securities | Debt securities issued | More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | 58,904 | ||||
Marketable debt securities | Subordinated debt | |||||
Marketable debt securities | |||||
Notional amount | 25,703 | ||||
Marketable debt securities | Subordinated debt | Within 3 months | |||||
Marketable debt securities | |||||
Notional amount | 0 | ||||
Marketable debt securities | Subordinated debt | 3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 663 | ||||
Marketable debt securities | Subordinated debt | 1 to 3 years | |||||
Marketable debt securities | |||||
Notional amount | 3,728 | ||||
Marketable debt securities | Subordinated debt | 3 to 5 years | |||||
Marketable debt securities | |||||
Notional amount | 3,810 | ||||
Marketable debt securities | Subordinated debt | More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | 17,502 | ||||
Marketable debt securities | Senior unsecured debt | |||||
Marketable debt securities | |||||
Notional amount | 128,211 | ||||
Marketable debt securities | Senior unsecured debt | Within 3 months | |||||
Marketable debt securities | |||||
Notional amount | 5,255 | ||||
Marketable debt securities | Senior unsecured debt | 3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 14,006 | ||||
Marketable debt securities | Senior unsecured debt | 1 to 3 years | |||||
Marketable debt securities | |||||
Notional amount | 48,398 | ||||
Marketable debt securities | Senior unsecured debt | 3 to 5 years | |||||
Marketable debt securities | |||||
Notional amount | 32,042 | ||||
Marketable debt securities | Senior unsecured debt | More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | 28,510 | ||||
Marketable debt securities | Senior secured debt | |||||
Marketable debt securities | |||||
Notional amount | 84,114 | ||||
Marketable debt securities | Senior secured debt | Within 3 months | |||||
Marketable debt securities | |||||
Notional amount | 4,203 | ||||
Marketable debt securities | Senior secured debt | 3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 15,440 | ||||
Marketable debt securities | Senior secured debt | 1 to 3 years | |||||
Marketable debt securities | |||||
Notional amount | 30,799 | ||||
Marketable debt securities | Senior secured debt | 3 to 5 years | |||||
Marketable debt securities | |||||
Notional amount | 20,780 | ||||
Marketable debt securities | Senior secured debt | More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | 12,892 | ||||
Marketable debt securities | Promissory notes and other securities | |||||
Marketable debt securities | |||||
Notional amount | 43,005 | ||||
Marketable debt securities | Promissory notes and other securities | Within 3 months | |||||
Marketable debt securities | |||||
Notional amount | 25,647 | ||||
Marketable debt securities | Promissory notes and other securities | 3 to 12 months | |||||
Marketable debt securities | |||||
Notional amount | 17,358 | ||||
Marketable debt securities | Promissory notes and other securities | 1 to 3 years | |||||
Marketable debt securities | |||||
Notional amount | 0 | ||||
Marketable debt securities | Promissory notes and other securities | 3 to 5 years | |||||
Marketable debt securities | |||||
Notional amount | 0 | ||||
Marketable debt securities | Promissory notes and other securities | More than 5 years | |||||
Marketable debt securities | |||||
Notional amount | € 0 |
Marketable debt securities - _3
Marketable debt securities - Disclosure of bonds and debentures by currency (Details) € in Millions, £ in Millions, R$ in Millions, $ in Millions, $ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) |
Euro | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 65,133 | € 107,908 | € 104,499 | |||||
US dollar | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 30,924 | 24,012 | 26,581 | |||||
Pound sterling | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 35,357 | 42,451 | 23,339 | |||||
Brazilian real | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 14,195 | 11,297 | 12,356 | |||||
Other currencies | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 19,176 | 15,521 | 17,904 | |||||
Marketable debt securities | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 280,339 | 246,163 | 235,269 | |||||
Marketable debt securities | Bonds and debentures outstanding | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 211,597 | 194,362 | 191,577 | € 208,455 | ||||
Marketable debt securities | Bonds and debentures outstanding | Euro | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 87,295 | 90,348 | 89,031 | |||||
Annual interest rate (as a percent) | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% | |||
Marketable debt securities | Bonds and debentures outstanding | US dollar | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 75,798 | $ 80,930 | 66,581 | 61,174 | ||||
Annual interest rate (as a percent) | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% | |||
Marketable debt securities | Bonds and debentures outstanding | Pound sterling | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 15,883 | £ 14,084 | 13,340 | 16,569 | ||||
Annual interest rate (as a percent) | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | |||
Marketable debt securities | Bonds and debentures outstanding | Brazilian real | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 18,024 | R$ 101835 | 9,131 | 8,398 | ||||
Annual interest rate (as a percent) | 12.52% | 12.52% | 12.52% | 12.52% | 12.52% | |||
Marketable debt securities | Bonds and debentures outstanding | Chilean peso | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 4,653 | $ 4,230,507 | 3,757 | 5,624 | ||||
Annual interest rate (as a percent) | 2.74% | 2.74% | 2.74% | 2.74% | 2.74% | |||
Marketable debt securities | Bonds and debentures outstanding | Other currencies | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 9,944 | € 11,205 | € 10,781 |
Marketable debt securities - _4
Marketable debt securities - Disclosure of changes in bonds and debentures outstanding (Details) - Marketable debt securities - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | € 246,163 | € 235,269 | |
Balance at year-end | 280,339 | 246,163 | € 235,269 |
Bonds and debentures outstanding | |||
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | 194,362 | 191,577 | 208,455 |
Net inclusion of entities in the Group | 0 | 0 | 785 |
Issues | 66,033 | 59,937 | 54,905 |
Redemptions and repurchases | (49,903) | (61,846) | (62,699) |
Exchange differences and other movements | 1,105 | 4,694 | (9,869) |
Balance at year-end | 211,597 | 194,362 | 191,577 |
Bonds and debentures outstanding | Banco Santander, S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 19,243 | 11,766 | 10,220 |
Redemptions and repurchases | (9,297) | (3,185) | (5,991) |
Bonds and debentures outstanding | Santander Consumer USA Holdings Inc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 13,315 | 15,771 | 12,246 |
Redemptions and repurchases | (15,252) | (15,151) | (13,959) |
Bonds and debentures outstanding | Banco Santander (Brasil) S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 11,233 | 14,996 | 11,036 |
Redemptions and repurchases | (2,721) | (15,182) | (14,211) |
Bonds and debentures outstanding | Santander UK Group Holdings plc | |||
Changes in financial instruments, Liabilities | |||
Issues | 10,178 | 3,372 | 6,320 |
Redemptions and repurchases | (5,267) | (14,695) | (14,102) |
Bonds and debentures outstanding | Santander Holdings USA, Inc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 2,315 | 0 | 1,269 |
Redemptions and repurchases | (3,153) | (778) | (1,201) |
Bonds and debentures outstanding | Banco Santander - Chile | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,486 | 1,158 | 766 |
Redemptions and repurchases | (1,452) | (1,030) | (1,974) |
Bonds and debentures outstanding | Santander Consumer Finance, S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,293 | 1,169 | 2,394 |
Redemptions and repurchases | (3,357) | (3,779) | (4,371) |
Bonds and debentures outstanding | Santander Bank, National Association | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,222 | 252 | 0 |
Bonds and debentures outstanding | SC Germany S.A., Compartment Consumer 2022-1 | |||
Changes in financial instruments, Liabilities | |||
Issues | 972 | 0 | 0 |
Bonds and debentures outstanding | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Changes in financial instruments, Liabilities | |||
Issues | 837 | 541 | 1,770 |
Redemptions and repurchases | (1,316) | (411) | (415) |
Bonds and debentures outstanding | PSA Financial Services Spain, E.F.C., S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 706 | 0 | 605 |
Bonds and debentures outstanding | Santander Consumer Bank AS | |||
Changes in financial instruments, Liabilities | |||
Issues | 619 | 779 | 773 |
Redemptions and repurchases | (972) | (348) | (936) |
Bonds and debentures outstanding | Santander International Products, Plc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 599 | 914 | 1,588 |
Bonds and debentures outstanding | PSA Banque France | |||
Changes in financial instruments, Liabilities | |||
Issues | 60 | 815 | 385 |
Redemptions and repurchases | (1,165) | (335) | (684) |
Bonds and debentures outstanding | Santander Factoring Sp. z o.o. | |||
Changes in financial instruments, Liabilities | |||
Issues | 32 | 819 | 391 |
Redemptions and repurchases | (142) | (920) | (299) |
Bonds and debentures outstanding | PSA Bank Deutschland GmbH | |||
Changes in financial instruments, Liabilities | |||
Issues | 20 | 600 | 0 |
Bonds and debentures outstanding | Santander Consumo 4, F.T. | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 1,531 | 0 |
Bonds and debentures outstanding | SC Germany S.A., Compartment Consumer 2021-1 | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 1,496 | 0 |
Bonds and debentures outstanding | Auto ABS French Lease Master Compartment 2016 | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 900 | 300 |
Redemptions and repurchases | 0 | (900) | 0 |
Bonds and debentures outstanding | SC Germany S.A., Compartment Consumer 2020-1 | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 0 | 1,800 |
Redemptions and repurchases | (724) | (92) | 0 |
Bonds and debentures outstanding | SCF Rahoituspalvelut IX DAC | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 0 | 650 |
Bonds and debentures outstanding | Santander Leasing S.A. | |||
Changes in financial instruments, Liabilities | |||
Redemptions and repurchases | (590) | (291) | (460) |
Bonds and debentures outstanding | Santander Consumer Bank AG | |||
Changes in financial instruments, Liabilities | |||
Redemptions and repurchases | (500) | 0 | 0 |
Bonds and debentures outstanding | Banco Santander Totta, S.A. | |||
Changes in financial instruments, Liabilities | |||
Redemptions and repurchases | € (62) | € (9) | € (784) |
Marketable debt securities - _5
Marketable debt securities - Disclosure of information on liabilities secured by financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Marketable debt securities | |||
Liabilities secured by mortgage-backed bonds | € 22,049 | ||
Marketable debt securities | |||
Marketable debt securities | |||
Liabilities secured by asset-backed securities | 40,138 | € 40,519 | € 35,753 |
Liabilities secured by mortgage-backed securities | 1,549 | 1,487 | 2,274 |
Liabilities secured by other mortgage securities | 43,650 | 41,779 | 49,425 |
Liabilities secured by mortgage-backed bonds | 22,049 | 23,197 | 24,736 |
Liabilities secured by territorial covered bond | 352 | 630 | 869 |
Liabilities secured by financial assets | € 84,140 | € 82,928 | € 86,047 |
Marketable debt securities - Na
Marketable debt securities - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Guarantees | |||
Liabilities secured by mortgage-backed bonds | € 22,049 | ||
Banco Santander, S.A. | |||
Guarantees | |||
Mortgage-backed Bonds, outstanding face value | € 22,099 | ||
Marketable debt securities | |||
Guarantees | |||
Other asset - backed securities personal loans average maturities | 5 years | ||
Other asset - backed securities SME's average maturities | 7 years | ||
Liabilities secured by mortgage-backed bonds | € 22,049 | € 23,197 | € 24,736 |
Marketable debt securities | Minimum | |||
Guarantees | |||
Mortgage-backed securities average maturities | 10 years | ||
Mortgage-backed bonds average maturities | 10 years | ||
Marketable debt securities | Maximum | |||
Guarantees | |||
Mortgage-backed securities loan-to-value ratio (as a percent) | 80% | ||
Mortgage-backed bonds loan-to-value ratio for home loans (as a percent) | 80% | ||
Mortgage-backed bonds loan-to-value ratio for other assets loans (as a percent) | 60% |
Marketable debt securities - _6
Marketable debt securities - Disclosure of information required by Bank of Spain (Details) - Marketable debt securities - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Marketable debt securities | |||
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) | € 80,946 | € 83,088 | € 76,554 |
Loans eligible to cover issues of mortgage-backed securities | 65,779 | 64,896 | 57,382 |
Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets | € 9,769 | € 11,133 | € 17,610 |
Subordinated liabilities - Sche
Subordinated liabilities - Schedule of subordinated liabilities detail, by currency of issue (Details) - Financial liabilities at amortised cost € in Millions, £ in Millions, R$ in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 25,926 | € 26,196 | € 21,880 | € 21,062 | |||
Euro | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 12,940 | 13,857 | 13,570 | ||||
Annual interest rate | 3.40% | ||||||
US dollar | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 8,438 | $ 9,009 | 8,236 | 5,991 | |||
Annual interest rate | 4.91% | ||||||
Pound sterling | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 1,358 | £ 1,204 | 1,535 | 565 | |||
Annual interest rate | 4.18% | ||||||
Brazilian real | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 1,127 | R$ 6367 | 879 | 0 | |||
Annual interest rate | 14.77% | ||||||
Other currencies | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 2,063 | € 1,689 | € 1,754 |
Subordinated liabilities - Sc_2
Subordinated liabilities - Schedule of changes in subordinated liabilities (Details) - Financial liabilities at amortised cost - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financial instruments | |||
Balance at beginning of year | € 26,196 | € 21,880 | € 21,062 |
Issuances | 119 | 5,340 | 4,075 |
Redemptions and repurchases | (1,040) | (1,500) | (2,838) |
Exchange differences and other movements | 651 | 476 | (419) |
Balance at end of year | 25,926 | 26,196 | 21,880 |
Net issuances, redemptions and repurchases | 921 | ||
Interest paid in remuneration of issuances | 1,251 | ||
Banco Santander - Chile | |||
Financial instruments | |||
Issuances | 113 | 0 | 353 |
Banco Santander (Brasil) S.A. | |||
Financial instruments | |||
Issuances | 0 | 871 | 0 |
Santander UK plc | |||
Financial instruments | |||
Redemptions and repurchases | (98) | 0 | (740) |
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Financial instruments | |||
Redemptions and repurchases | (52) | 0 | 0 |
Santander UK Group Holdings plc | |||
Financial instruments | |||
Redemptions and repurchases | 0 | 0 | (316) |
Santander Bank, National Association | |||
Financial instruments | |||
Redemptions and repurchases | 0 | 0 | (111) |
Banco Santander, S.A. | |||
Financial instruments | |||
Issuances | 0 | 4,469 | 3,722 |
Redemptions and repurchases | € (889) | € (1,500) | € (1,671) |
Subordinated liabilities - Narr
Subordinated liabilities - Narrative (Details) € in Millions, £ in Millions, zł in Millions, R$ in Millions, CLF in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Jul. 20, 2022 EUR (€) subordinated_issue | Nov. 22, 2021 EUR (€) | Oct. 04, 2021 EUR (€) | Sep. 21, 2021 EUR (€) | May 12, 2021 EUR (€) | Dec. 03, 2020 EUR (€) | Oct. 22, 2020 EUR (€) | Jan. 14, 2020 EUR (€) | Feb. 08, 2019 EUR (€) | Oct. 01, 2018 USD ($) | Apr. 20, 2018 PLN (zł) | Mar. 19, 2018 EUR (€) | Feb. 08, 2018 EUR (€) | Sep. 29, 2017 EUR (€) | Jan. 31, 2022 USD ($) | Nov. 30, 2021 BRL (R$) | Jun. 30, 2020 USD ($) | Apr. 30, 2020 USD ($) branch | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Jul. 06, 2022 EUR (€) | Apr. 25, 2022 EUR (€) | Jan. 31, 2022 CLF | Nov. 22, 2021 USD ($) | Oct. 04, 2021 GBP (£) | Sep. 11, 2021 EUR (€) | May 12, 2021 USD ($) | Dec. 03, 2020 USD ($) | Jun. 30, 2020 CLF | Apr. 30, 2020 CLF | Feb. 08, 2019 USD ($) | Apr. 30, 2017 EUR (€) | Dec. 30, 2016 USD ($) | |
Financial instruments | ||||||||||||||||||||||||||||||||||
Number of subordinated issues matured | subordinated_issue | 2 | |||||||||||||||||||||||||||||||||
Notional amount | € 386,843 | € 392,948 | € 360,626 | |||||||||||||||||||||||||||||||
Subordinated liabilities | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 25 | € 114 | ||||||||||||||||||||||||||||||||
Accrued interest | 992 | 648 | 571 | |||||||||||||||||||||||||||||||
Increase in accrued interest | € 529 | € 566 | € 552 | |||||||||||||||||||||||||||||||
Tier 1 Contingently Convertible Preferred Securities | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 750 | |||||||||||||||||||||||||||||||||
Tier 1 Contingently Convertible Preferred Securities | Issuance by Banco Santander S.A. in September 2014 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,500 | |||||||||||||||||||||||||||||||||
Tier 1 Contingently Convertible Preferred Securities | Issuance by Banco Santander S.A. in 2014 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,500 | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in November 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,007 | $ 1,000 | ||||||||||||||||||||||||||||||||
Subordinated issue, term | 11 years | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3.225% | 3.225% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 1.60% | 1.60% | ||||||||||||||||||||||||||||||||
Subordinated issue, US government bond term | 1 year | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in October 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 887 | £ 850 | ||||||||||||||||||||||||||||||||
Subordinated issue, term | 11 years | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 2.25% | 2.25% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 1.65% | 1.65% | ||||||||||||||||||||||||||||||||
Subordinated issue, UK government bond term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in December 2020 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,222 | $ 1,500 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 2.749% | 2.749% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in October 2020 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,000 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 1.625% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in February 2018 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 2.125% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,250 | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | Issuance by Banco Santander Chile in January 2022 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ 105 | CLF 3.3 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 1.25% | 1.25% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | Issuance by Banco Santander Chile in June 2020 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ 185 | CLF 5 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3.50% | 3.50% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 15 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | Issuance by Banco Santander Chile in Avril 2020 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Number of subordinated debentures issued | branch | 2 | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | Issuance by Banco Santander Chile in Avril 2020, first | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ 100 | CLF 3 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3% | 3% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 14 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | Issuance by Banco Santander Chile in Avril 2020, second | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ 100 | CLF 3 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3.15% | 3.15% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 19 years | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | Issuance by Banco Santander Mexico S.A. in December 2016 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ | $ 500 | |||||||||||||||||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 88.20% | |||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | Issuance by Banco Santander Mexico S.A. in October 2018 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | $ | $ 1,300 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 5.95% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 75% | |||||||||||||||||||||||||||||||||
Subordinated debentures | Santander Bank Polska | Issuance by Santander Bank Polska S.A. in April 2018 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | zł | zł 1,000 | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 1.60% | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preference shares | Banco Santander, S.A., September 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,000 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3.625% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 8 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 3.76% | |||||||||||||||||||||||||||||||||
Subordinated issue, notional amount, placed on the market | € 997 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preference shares | Issuance by Banco Santander S.A. in May 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,578 | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preference shares | Banco Santander, S.A., May 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 828 | $ 1,000 | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.75% | 4.75% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 3.753% | 3.753% | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, UST rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preference shares | Banco Santander, S.A., May 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 750 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.125% | 4.125% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 7 years | |||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 4.311% | 4.311% | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., September 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 3.625% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 8 years | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., May 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.75% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., May 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.125% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 7 years | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., January 2020 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,500 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.375% | 4.375% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | 6 years | ||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 4.534% | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | 5 years | ||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | 5 years | ||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., February 2019 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 7.50% | 7.50% | 7.50% | |||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 5 years | 5 years | ||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 4.989% | 4.989% | ||||||||||||||||||||||||||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,056 | $ 1,200 | ||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., March 2018 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 4.75% | 4.75% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 7 years | 7 years | ||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 4.10% | |||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,500 | |||||||||||||||||||||||||||||||||
Subordinated liabilities, preferred securities | Banco Santander, S.A., September 2017 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Notional amount | € 1,000 | |||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 5.25% | 5.25% | ||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 6 years | 6 years | ||||||||||||||||||||||||||||||||
Subordinated issue, adjustment to reference rate | 4.999% | |||||||||||||||||||||||||||||||||
Subordinated issue, mid-swap rate term | 5 years | 5 years | ||||||||||||||||||||||||||||||||
Subordinated Financial Bills (TIER II) | Banco Santander (Brasil) S.A. | Issuance by Banco Santander Brasil in November 2021 | ||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||
Subordinated issue, interest rate | 2% | |||||||||||||||||||||||||||||||||
Subordinated issue, initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||
Outstanding issue amount | R$ | R$ 5500 |
Other financial liabilities - S
Other financial liabilities - Schedule of other financial liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [abstract] | |||
Trade payables | € 1,563 | € 1,475 | € 1,177 |
Clearing houses | 1,200 | 650 | 599 |
Public Institutions | 5,796 | 5,315 | 4,122 |
Factoring accounts payable | 262 | 275 | 222 |
Unsettled financial transactions | 5,429 | 3,779 | 5,080 |
Lease liabilities | 2,622 | 2,856 | 3,049 |
Other financial liabilities | 20,187 | 15,523 | 12,719 |
Other financial liabilities, total | € 37,059 | € 29,873 | € 26,968 |
Other financial liabilities - N
Other financial liabilities - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial liabilities [abstract] | |||
Cash outflow of leases | € 710 | € 715 | € 789 |
Other financial liabilities - D
Other financial liabilities - Disclosure of maturity analysis for non-derivative financial liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | € 2,622 | € 2,856 | € 3,049 |
Within 1 year | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 707 | 690 | 594 |
Between 1 and 3 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 1,005 | 933 | 981 |
Between 3 and 5 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 454 | 534 | 637 |
Later than 5 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | € 456 | € 699 | € 837 |
Provisions - Schedule of detail
Provisions - Schedule of details of provisions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of other provisions [line items] | ||||
Provisions | € 8,149 | € 9,583 | € 10,852 | € 13,987 |
Pensions and other post-retirement obligations | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 2,392 | 3,185 | 3,976 | 6,358 |
Other long term employee benefits | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 950 | 1,242 | 1,751 | 1,382 |
Taxes and other legal contingencies | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 2,074 | 1,996 | 2,200 | |
Contingent liabilities and commitments | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 734 | 733 | 700 | € 739 |
Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | € 1,999 | € 2,427 | € 2,225 |
Provisions - Schedule of change
Provisions - Schedule of changes in provision (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of other provisions [line items] | |||
Balances at beginning of year | € 9,583 | € 10,852 | € 13,987 |
Incorporation of Group companies, net | 0 | 0 | (8) |
Additions charged to income | 2,046 | 2,978 | 2,549 |
Interest expense (note 39) | 100 | 91 | 95 |
Staff costs (note 46) | 65 | 73 | 76 |
Provisions or reversion of provisions | 1,881 | 2,814 | 2,378 |
Addition | 4,217 | 3,713 | 3,541 |
Release | (2,336) | (899) | (1,163) |
Other additions arising from insurance contracts linked to pensions | (33) | (8) | 2 |
Changes in value recognised in equity | 242 | (1,705) | 547 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (592) | (806) | (711) |
Benefits paid due to settlements | 0 | (1,551) | |
Insurance premiums paid | (3) | 0 | (1) |
Payments to external funds | (451) | (440) | (333) |
Amounts used | (2,817) | (2,961) | (2,485) |
Transfer, exchange differences and other changes | 174 | 1,673 | (1,144) |
Balances at end of year | 8,149 | 9,583 | 10,852 |
Post employment plans | |||
Disclosure of other provisions [line items] | |||
Balances at beginning of year | 3,185 | 3,976 | 6,358 |
Incorporation of Group companies, net | 0 | 0 | (5) |
Additions charged to income | 128 | 100 | (217) |
Interest expense (note 39) | 73 | 78 | 84 |
Staff costs (note 46) | 57 | 67 | 69 |
Provisions or reversion of provisions | (2) | (45) | (370) |
Addition | 10 | 21 | 6 |
Release | (12) | (66) | (376) |
Other additions arising from insurance contracts linked to pensions | (33) | (8) | 2 |
Changes in value recognised in equity | 242 | (1,705) | 547 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (229) | (201) | (303) |
Benefits paid due to settlements | 0 | (1,551) | |
Insurance premiums paid | (3) | 0 | (1) |
Payments to external funds | (451) | (440) | (333) |
Amounts used | 0 | 0 | 0 |
Transfer, exchange differences and other changes | (447) | 1,463 | (521) |
Balances at end of year | 2,392 | 3,185 | 3,976 |
Long term employee benefits | |||
Disclosure of other provisions [line items] | |||
Balances at beginning of year | 1,242 | 1,751 | 1,382 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Additions charged to income | 69 | 101 | 782 |
Interest expense (note 39) | 27 | 13 | 11 |
Staff costs (note 46) | 8 | 6 | 7 |
Provisions or reversion of provisions | 34 | 82 | 764 |
Addition | 105 | 154 | 787 |
Release | (71) | (72) | (23) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (363) | (605) | (408) |
Benefits paid due to settlements | 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 | 2 | (5) | (5) |
Balances at end of year | 950 | 1,242 | 1,751 |
Contingent liabilities and commitments | |||
Disclosure of other provisions [line items] | |||
Balances at beginning of year | 733 | 700 | 739 |
Incorporation of Group companies, net | 0 | 0 | (1) |
Additions charged to income | (27) | 29 | 50 |
Interest expense (note 39) | 0 | 0 | 0 |
Staff costs (note 46) | 0 | 0 | 0 |
Provisions or reversion of provisions | (27) | 29 | 50 |
Addition | 618 | 473 | 490 |
Release | (645) | (444) | (440) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 |
Benefits paid due to settlements | 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 | 28 | 4 | (88) |
Balances at end of year | 734 | 733 | 700 |
Other provisions | |||
Disclosure of other provisions [line items] | |||
Balances at beginning of year | 4,423 | 4,425 | 5,508 |
Incorporation of Group companies, net | 0 | 0 | (2) |
Additions charged to income | 1,876 | 2,748 | 1,934 |
Interest expense (note 39) | 0 | 0 | 0 |
Staff costs (note 46) | 0 | 0 | 0 |
Provisions or reversion of provisions | 1,876 | 2,748 | 1,934 |
Addition | 3,484 | 3,065 | 2,258 |
Release | (1,608) | (317) | (324) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 |
Benefits paid due to settlements | 0 | 0 | |
Insurance premiums paid | 0 | 0 | 0 |
Payments to external funds | 0 | 0 | 0 |
Amounts used | (2,817) | (2,961) | (2,485) |
Transfer, exchange differences and other changes | 591 | 211 | (530) |
Balances at end of year | € 4,073 | € 4,423 | € 4,425 |
Provisions - Schedule of provis
Provisions - Schedule of provision for pensions and similar obligations (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of other provisions [line items] | ||||
Provisions | € 8,149 | € 9,583 | € 10,852 | € 13,987 |
Provisions for defined benefits | 3,335 | 4,419 | 5,719 | |
Provision for pensions and other obligations post -employments and Other long term employee benefits | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 3,342 | 4,427 | 5,727 | |
Pensions and other post-retirement obligations | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 2,392 | 3,185 | 3,976 | 6,358 |
Other long term employee benefits | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 950 | 1,242 | 1,751 | € 1,382 |
Spain | ||||
Disclosure of other provisions [line items] | ||||
Provisions for pre-retirements | 884 | 1,176 | 1,676 | |
Spain | Pensions and other post-retirement obligations | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,245 | 1,709 | 1,881 | |
Spain | Other long term employee benefits | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 895 | 1,188 | 1,695 | |
United Kingdom | Pensions and other post-retirement obligations | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 29 | 44 | 449 | |
Other subsidiaries | Pensions and other post-retirement obligations | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,118 | 1,432 | 1,646 | |
Other subsidiaries | Other long term employee benefits | ||||
Disclosure of other provisions [line items] | ||||
Provisions | € 55 | € 54 | € 56 |
Provisions - Narrative (Details
Provisions - Narrative (Details) € in Millions, £ in Millions, zł in Millions | 1 Months Ended | 5 Months Ended | 12 Months Ended | 19 Months Ended | ||||||||||||||||||||
Feb. 06, 2023 EUR (€) | Jun. 29, 2022 magistrate | Jan. 13, 2022 EUR (€) | Dec. 09, 2021 EUR (€) | Sep. 16, 2021 EUR (€) | Jul. 08, 2021 EUR (€) people | Dec. 31, 2020 EUR (€) people | Dec. 31, 2019 EUR (€) annuities employees | May 16, 2021 EUR (€) | Dec. 31, 2022 EUR (€) people entity | Dec. 31, 2022 PLN (zł) people | Dec. 31, 2021 EUR (€) people | Dec. 31, 2020 EUR (€) people | Dec. 31, 1999 shares | Dec. 31, 1994 child | Dec. 31, 2022 EUR (€) entity | Dec. 31, 2022 GBP (£) entity | Dec. 31, 2022 PLN (zł) entity | Oct. 21, 2022 EUR (€) | Oct. 21, 2022 GBP (£) | Jun. 01, 2022 judgement appeal | Mar. 05, 2021 EUR (€) | Mar. 05, 2021 GBP (£) | Dec. 31, 2017 EUR (€) | |
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Number of estimate beneficiaries exercising voluntary option of substitution of life annuity for lump sum payment | people | 3,572 | 3,915 | ||||||||||||||||||||||
Provisions recognized to cover expenses of pre-retirement and voluntary redundancy offers | € 688 | € 92 | € 139 | € 84 | ||||||||||||||||||||
Number of employees accepted the pre-retirement and voluntary redundancy offers | people | 1,468 | 446 | 446 | 443 | ||||||||||||||||||||
Number of maximum equal annuities | annuities | 5 | |||||||||||||||||||||||
Number of beneficiaries exercising voluntary option of substitution of life annuity for lump sum payment | employees | 15,613 | |||||||||||||||||||||||
Benefits paid in lump sum settlement | € 1,551 | |||||||||||||||||||||||
Reduction in post employment liability | 362 | |||||||||||||||||||||||
Payments in respect of settlements | € 179 | 0 | € 0 | |||||||||||||||||||||
Contributions to defined contribution pension funds | 296 | 286 | 283 | |||||||||||||||||||||
Actuarial gains and losses on defined benefit pension plans | (56) | 1,567 | (25) | |||||||||||||||||||||
Provisions | 10,852 | 13,987 | € 8,149 | 9,583 | 10,852 | € 8,149 | ||||||||||||||||||
Number of pilot cases | appeal | 5 | |||||||||||||||||||||||
Number of judgements rendered on pilot cases appealed | judgement | 4 | |||||||||||||||||||||||
2018 variable remuneration | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Long-term metric achievement percentage | 33.30% | 33.30% | ||||||||||||||||||||||
Banco Popular Espanol, S.A. | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Expected cost | € 680 | |||||||||||||||||||||||
Estimated cost of compensation to shareholders and bondholders applied to the commercial loyalty program | € 535 | |||||||||||||||||||||||
Reimbursement liability from standstill agreement termination | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | € 755.5 | £ 670 | € 717.2 | £ 636 | ||||||||||||||||||||
Amount of entities involved in legal dispute | entity | 2 | 2 | 2 | 2 | ||||||||||||||||||||
Legal case to request court judgment on the validity of the swaps | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Arbitration matter, amount claimed by entity | € 66 | |||||||||||||||||||||||
Arbitration matter, amount claimed by counterparty | € 57 | |||||||||||||||||||||||
Arbitration matter, amount to be received | € 66 | |||||||||||||||||||||||
Arbitration matter, amount of interest to be received | € 11 | |||||||||||||||||||||||
"Planos Econmicos" | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Period of suspension of economic plan process | 5 years | 5 years | ||||||||||||||||||||||
Individual plaintiff, CEO functions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Losses on litigation settlements | € 51.4 | € 67.8 | ||||||||||||||||||||||
Provisions | € 35.5 | € 35.5 | ||||||||||||||||||||||
Compensation sought in litigation claim | € 112 | 61.9 | ||||||||||||||||||||||
Individual plaintiff, CEO functions | 2018 variable remuneration | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Long-term metric achievement percentage | 33.30% | 33.30% | ||||||||||||||||||||||
Individual plaintiff, CEO functions | Commencement of major litigation | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Decrease in losses on litigation settlements | € 8 | |||||||||||||||||||||||
Floor clauses | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | € 60.1 | 60.1 | ||||||||||||||||||||||
Banco Popular's acquisition | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Number of judgements rendered on pilot cases | judgement | 5 | |||||||||||||||||||||||
Breach Of Marketing Alliance Agreement | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Compensation sought in litigation claim | 1,050 | |||||||||||||||||||||||
Santander UK plc | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Losses on litigation settlements | 127 | |||||||||||||||||||||||
Banco Santander (Brasil) S.A. and Other Group Companies in Brazil | Legal case relating to questionable deduction of loan losses in income tax returns | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 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 other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Legal proceedings provision, probable loss fully provisioned | 691 | 691 | ||||||||||||||||||||||
Legal proceedings provision, possible loss, contingent liabilities | 4,977 | 4,977 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case appeal relating to tax treatment applied to sales of shares | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case relating to deduction of expenses in income tax | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case related to tax deductibility of amortization of goodwill arising on acquisition | Banco Comercial e de Investimento Sudameris S.A | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case related to tax deductibility of amortization of goodwill arising on acquisition | Getnet Tecnologia Proces S.A. | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case related to infringement notices initiated by tax authorities regarding the offsetting of tax losses | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | Legal case related to withholding income tax on payments derived from technology services | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 0 | 0 | ||||||||||||||||||||||
Banco Santander (Brasil) S.A. | "Planos Econmicos" | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 220 | 220 | ||||||||||||||||||||||
Santander Bank Polska and Santander Consumer Bank Poland | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Mortgage loans denominated in, or indexed to, CHF | 1,791.8 | 1,791.8 | zł 8,393.7 | |||||||||||||||||||||
Santander Bank Polska and Santander Consumer Bank Poland | Conversion of active loans from swiss francs to PLN loans | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Mortgage loans, provision and adjustment to gross carrying amount | 759.4 | 759.4 | 3,557.3 | |||||||||||||||||||||
Mortgage loans, adjustment to gross carrying amount | 669.5 | 669.5 | 3,136.3 | |||||||||||||||||||||
Increase in adjustment to gross carrying amount, mortgage loans | 274 | zł 1,283.3 | ||||||||||||||||||||||
Increase through other costs associated | 46.6 | 218.1 | ||||||||||||||||||||||
URO Property Holdings SOCIMI SA | Financing Terms, Bonds Issue | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Maximum loss | 250 | |||||||||||||||||||||||
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | Inheritance Trust | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Amount of sons involved in testamentary trust | child | 4 | |||||||||||||||||||||||
Amount of shares to be transferred by trustee (in shares) | shares | 36,700,000 | |||||||||||||||||||||||
Number of magistrates | magistrate | 3 | |||||||||||||||||||||||
Number of magistrates requested to be withdrawed | magistrate | 2 | |||||||||||||||||||||||
Pensions and other post-retirement obligations | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 3,976 | 6,358 | 2,392 | 3,185 | 3,976 | 2,392 | ||||||||||||||||||
Other long term employee benefits | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 1,751 | € 1,382 | 950 | 1,242 | 1,751 | 950 | ||||||||||||||||||
Provisions for other legal proceedings | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 1,163 | 1,094 | 1,104 | 1,163 | 1,094 | |||||||||||||||||||
Regulatory framework-related provisions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | € 69 | 19 | 36 | 69 | 19 | |||||||||||||||||||
Provision for PPI | Santander UK plc | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | £ | £ 0 | |||||||||||||||||||||||
Active loans, under IAS 37 | Santander Bank Polska and Santander Consumer Bank Poland | Conversion of active loans from swiss francs to PLN loans | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 89.9 | € 89.9 | zł 421 | |||||||||||||||||||||
Increase in existing provisions | 50.6 | zł 236.8 | ||||||||||||||||||||||
Spain | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Contributions to defined contribution pension funds | 101 | 91 | 89 | |||||||||||||||||||||
Actuarial gains and losses on defined benefit pension plans | € (295) | € (37) | € 84 | |||||||||||||||||||||
Annual discount rate | 3.80% | 0.90% | 3.80% | 3.80% | 3.80% | |||||||||||||||||||
Spain | Pensions and other post-retirement obligations | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Annual discount rate | 0.60% | 3.80% | 0.90% | 0.60% | 3.80% | 3.80% | 3.80% | |||||||||||||||||
Cumulative annual CPI growth | 1% | 2% | 1% | 1% | 2% | 2% | 2% | |||||||||||||||||
Provisions | € 1,881 | € 1,245 | € 1,709 | € 1,881 | € 1,245 | |||||||||||||||||||
Spain | Other long term employee benefits | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Annual discount rate | 0.60% | 3.80% | 0.90% | 0.60% | 3.80% | 3.80% | 3.80% | |||||||||||||||||
Cumulative annual CPI growth | 1% | 2% | 1% | 1% | 2% | 2% | 2% | |||||||||||||||||
Provisions | € 1,695 | € 895 | € 1,188 | € 1,695 | € 895 | |||||||||||||||||||
Spain | Discount rate actuarial assumptions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Spain | Discount rate actuarial assumptions | Pensions and other post-retirement obligations | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 3.80% | 3.80% | 3.80% | 3.80% | ||||||||||||||||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (3.60%) | (3.60%) | (3.60%) | (3.60%) | ||||||||||||||||||||
Spain | Discount rate actuarial assumptions | Other long term employee benefits | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 1.04% | 1.04% | 1.04% | 1.04% | ||||||||||||||||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (1.02%) | (1.02%) | (1.02%) | (1.02%) | ||||||||||||||||||||
Spain | Post-employment plans | Present value of defined benefit obligation | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Payments in respect of settlements | € 166 | € 0 | 166 | 1,551 | ||||||||||||||||||||
Effect of settlement | € 38 | 8 | 61 | 372 | ||||||||||||||||||||
United Kingdom | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Contributions to defined contribution pension funds | 77 | 89 | 91 | |||||||||||||||||||||
Actuarial gains and losses on defined benefit pension plans | € 857 | € (1,475) | € 568 | |||||||||||||||||||||
Annual discount rate | 1.28% | 4.88% | 1.90% | 1.28% | 4.88% | 4.88% | 4.88% | |||||||||||||||||
Cumulative annual CPI growth | 2.95% | 3.11% | 3.37% | 2.95% | 3.11% | 3.11% | 3.11% | |||||||||||||||||
United Kingdom | Pensions and other post-retirement obligations | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | € 449 | € 29 | € 44 | € 449 | € 29 | |||||||||||||||||||
United Kingdom | Regulatory framework-related provisions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Additional provisions, other provisions | 53 | |||||||||||||||||||||||
Provision used, other provisions | € 70 | |||||||||||||||||||||||
United Kingdom | Discount rate actuarial assumptions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 7.05% | 7.05% | 7.05% | 7.05% | ||||||||||||||||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (6.31%) | (6.31%) | (6.31%) | (6.31%) | ||||||||||||||||||||
United Kingdom | Inflation rate assumption | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (4.60%) | (4.60%) | (4.60%) | (4.60%) | ||||||||||||||||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 4.72% | 4.72% | 4.72% | 4.72% | ||||||||||||||||||||
Other foreign subsidiaries | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Contributions to defined contribution pension funds | € 118 | 106 | 103 | |||||||||||||||||||||
Actuarial gains and losses on defined benefit pension plans | (320) | (193) | (105) | |||||||||||||||||||||
Other foreign subsidiaries | Pensions and other post-retirement obligations | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 1,646 | 1,118 | 1,432 | 1,646 | € 1,118 | |||||||||||||||||||
Other foreign subsidiaries | Other long term employee benefits | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Provisions | 56 | € 55 | 54 | 56 | € 55 | |||||||||||||||||||
Other foreign subsidiaries | Discount rate actuarial assumptions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||||||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 4.27% | 4.27% | 4.27% | 4.27% | ||||||||||||||||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (3.95%) | (3.95%) | (3.95%) | (3.95%) | ||||||||||||||||||||
Other foreign subsidiaries | Present value of defined benefit obligation | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Effect of settlement | € 3 | 3 | 5 | |||||||||||||||||||||
Brazil | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Cumulative annual CPI growth | 3% | 3% | 3% | 3% | ||||||||||||||||||||
Brazil | Minimum | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Annual discount rate | 9.44% | 9.44% | 9.44% | 9.44% | ||||||||||||||||||||
Brazil | Maximum | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Annual discount rate | 9.64% | 9.64% | 9.64% | 9.64% | ||||||||||||||||||||
Brazil | Provisions for employment-related proceedings (Brazil) | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Additional provisions, other provisions | € 174 | |||||||||||||||||||||||
Provision used, other provisions | 241 | |||||||||||||||||||||||
Provisions | € 437 | 301 | € 328 | € 437 | € 301 | |||||||||||||||||||
Brazil | Provisions for other legal proceedings | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Additional provisions, other provisions | 161 | |||||||||||||||||||||||
Provision used, other provisions | 252 | |||||||||||||||||||||||
Poland | Regulatory framework-related provisions | ||||||||||||||||||||||||
Disclosure of other provisions [line items] | ||||||||||||||||||||||||
Additional provisions, other provisions | € 161 |
Provisions - Schedule of actuar
Provisions - Schedule of actuarial assumptions used to calculate defined benefit obligations (Details) - Spain | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of net defined benefit liability (asset) [line items] | |||
Annual discount rate | 3.80% | 0.90% | |
Pensions and other post-retirement obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Annual discount rate | 3.80% | 0.90% | 0.60% |
Cumulative annual CPI growth | 2% | 1% | 1% |
Annual salary increase rate | 1.25% | 1.25% | |
Annual social security pension increase rate | 2% | 1% | 1% |
Other long term employee benefits | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Annual discount rate | 3.80% | 0.90% | 0.60% |
Cumulative annual CPI growth | 2% | 1% | 1% |
Annual benefit increase rate | 0% | 0% | 0% |
Provisions - Disclosure of expe
Provisions - Disclosure of expected rate of return assumptions (Details) - Spain | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pensions and other post-retirement obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Expected rate of return on plan assets | 3.80% | 0.90% | 0.60% |
Expected rate of return on reimbursement rights | 3.80% | 0.90% | 0.60% |
Other long term employee benefits | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Expected rate of return on plan assets | 3.80% | 0.90% | 0.60% |
Provisions - Schedule of fundin
Provisions - Schedule of funding status of the defined benefit obligations (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Insurance contracts linked to pensions (note 14) | € 104 | € 149 | € 174 | |
Spain | Post-employment plans | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
To current employees | 25 | 29 | 60 | |
Vested obligations to retired employees | 2,005 | 2,797 | 3,318 | |
To pre-retirees employees | 0 | 0 | 0 | |
Long-service bonuses and other benefits | 0 | 0 | 0 | |
Other | 46 | 65 | 41 | |
Present value of the obligations | 2,076 | 2,891 | 3,419 | |
Less - Fair value of plan assets | 861 | 1,217 | 1,542 | |
Provisions - Provisions for pensions | 1,215 | 1,674 | 1,877 | |
Internal provisions for pensions | 1,141 | 1,560 | 1,707 | |
Net pension assets | (24) | (30) | 0 | |
Insurance contracts linked to pensions (note 14) | 104 | 149 | 174 | € 192 |
Unrecognised net assets for pensions | (6) | (5) | (4) | |
Spain | Other similar obligations | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
To current employees | 0 | 0 | 0 | |
Vested obligations to retired employees | 0 | 0 | 0 | |
To pre-retirees employees | 892 | 1,186 | 1,688 | |
Long-service bonuses and other benefits | 11 | 12 | 18 | |
Other | 0 | 0 | 1 | |
Present value of the obligations | 903 | 1,198 | 1,707 | |
Less - Fair value of plan assets | 8 | 10 | 12 | |
Provisions - Provisions for pensions | 895 | 1,188 | 1,695 | |
Internal provisions for pensions | 895 | 1,188 | 1,695 | |
Net pension assets | 0 | 0 | 0 | |
Insurance contracts linked to pensions (note 14) | 0 | 0 | 0 | € 0 |
Unrecognised net assets for pensions | € 0 | € 0 | € 0 |
Provisions - Schedule of define
Provisions - Schedule of defined benefit obligation expenses recognized in the consolidated income statements (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Post-employment benefit expense in profit or loss, defined benefit plans | € 65 | € 73 | € 76 |
Post-employment plans | Spain | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Current service cost | 3 | 5 | 10 |
Interest cost (net) | 48 | 24 | 26 |
Expected return on insurance contracts linked to pensions | (4) | (1) | (1) |
Actuarial (gains)/losses recognised in the year | 0 | 0 | 0 |
Past service cost | 2 | 13 | 2 |
Pre-retirement cost | 0 | 0 | 0 |
Other | (8) | (39) | (372) |
Post-employment benefit expense in profit or loss, defined benefit plans | 41 | 2 | (335) |
Other similar obligations | Spain | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Current service cost | 1 | 1 | 1 |
Interest cost (net) | 25 | 11 | 9 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Actuarial (gains)/losses recognised in the year | (67) | (15) | (3) |
Past service cost | 0 | 0 | 0 |
Pre-retirement cost | 92 | 139 | 772 |
Other | 0 | (55) | (15) |
Post-employment benefit expense in profit or loss, defined benefit plans | € 51 | € 81 | € 764 |
Provisions - Schedule of status
Provisions - Schedule of status and changes of the defined benefit obligations (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Jul. 08, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Benefits paid due to settlements | € (179) | € 0 | € 0 | |
Spain | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Financial actuarial (gains)/losses | (295) | |||
Spain | Present value of defined benefit obligation | Post-employment plans | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net defined benefit liability (asset) at beginning of period | 2,891 | 3,419 | 5,494 | |
Incorporation of Group companies, net | 0 | 6 | 0 | |
Current service cost | 3 | 5 | 10 | |
Interest cost | 78 | 36 | 39 | |
Pre-retirement cost | 0 | 0 | 0 | |
Effect of curtailment/settlement | € (38) | (8) | (61) | (372) |
Benefits paid | (258) | (248) | (359) | |
Benefits paid due to settlements | € (166) | 0 | (166) | (1,551) |
Past service cost | 2 | 13 | 2 | |
Actuarial (gains)/losses | (631) | (121) | 163 | |
Demographic actuarial (gains)/losses | 2 | 9 | 91 | |
Financial actuarial (gains)/losses | (633) | (130) | 72 | |
Exchange differences and other items | (1) | 8 | (7) | |
Net defined benefit liability (asset) at end of period | 2,076 | 2,891 | 3,419 | |
Spain | Present value of defined benefit obligation | Other similar obligations | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net defined benefit liability (asset) at beginning of period | 1,198 | 1,707 | 1,335 | |
Incorporation of Group companies, net | 0 | 0 | 0 | |
Current service cost | 1 | 1 | 1 | |
Interest cost | 25 | 11 | 9 | |
Pre-retirement cost | 92 | 139 | 772 | |
Effect of curtailment/settlement | 0 | (55) | (15) | |
Benefits paid | (346) | (589) | (392) | |
Benefits paid due to settlements | 0 | 0 | 0 | |
Past service cost | 0 | 0 | 0 | |
Actuarial (gains)/losses | (68) | (15) | (3) | |
Demographic actuarial (gains)/losses | (5) | (8) | (8) | |
Financial actuarial (gains)/losses | (63) | (7) | 5 | |
Exchange differences and other items | 1 | (1) | 0 | |
Net defined benefit liability (asset) at end of period | € 903 | € 1,198 | € 1,707 |
Provisions - Schedule of chan_2
Provisions - Schedule of changes in fair value of plan assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | € 149 | € 174 | |
Fair value of insurance contracts linked to pensions at end of year | 104 | 149 | € 174 |
Spain | Post-employment plans | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | 149 | 174 | 192 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 4 | 1 | 1 |
Benefits paid | (16) | (19) | (21) |
Paid premiums | 0 | 1 | 0 |
Actuarial gains/(losses) | (33) | (8) | 2 |
Fair value of insurance contracts linked to pensions at end of year | 104 | 149 | 174 |
Spain | Other similar obligations | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | 0 | 0 | 0 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Benefits paid | 0 | 0 | 0 |
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 | 0 |
Spain | Plan assets | Post-employment plans | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 1,217 | 1,542 | 1,547 |
Incorporation of Group companies, net | 0 | 6 | 0 |
Expected return on plan assets | 30 | 12 | 13 |
Gains/(losses) on settlements | 0 | (22) | 0 |
Benefits paid | (78) | (263) | (94) |
Contributions/(surrenders) | 2 | 15 | 5 |
Actuarial gains/(losses) | (303) | (76) | 76 |
Exchange differences and other items | (7) | 3 | (5) |
Fair value of plan assets at end of year | 861 | 1,217 | 1,542 |
Spain | Plan assets | Other similar obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 10 | 12 | 14 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on plan assets | 0 | 0 | 0 |
Gains/(losses) on settlements | 0 | 0 | 0 |
Benefits paid | (2) | (2) | (2) |
Contributions/(surrenders) | 0 | 0 | 0 |
Actuarial gains/(losses) | (1) | 0 | 0 |
Exchange differences and other items | 1 | 0 | 0 |
Fair value of plan assets at end of year | € 8 | € 10 | € 12 |
Provisions - Schedule of insura
Provisions - Schedule of insurance contracts linked to pensions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of insurance contracts linked to pensions at beginning of year | € 149 | € 174 | |
Fair value of insurance contracts linked to pensions at end of year | 104 | 149 | € 174 |
Post-employment plans | Spain | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of insurance contracts linked to pensions at beginning of year | 149 | 174 | 192 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 4 | 1 | 1 |
Benefits paid | (16) | (19) | (21) |
Paid premiums | 0 | 1 | 0 |
Actuarial gains/(losses) | (33) | (8) | 2 |
Fair value of insurance contracts linked to pensions at end of year | 104 | 149 | 174 |
Other similar obligations | Spain | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of insurance contracts linked to pensions at beginning of year | 0 | 0 | 0 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Benefits paid | 0 | 0 | 0 |
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 | € 0 |
Provisions - Schedule of maturi
Provisions - Schedule of maturity of estimated benefits payments (Details) - Spain € in Millions | Dec. 31, 2022 EUR (€) |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 498 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 426 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 358 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 307 |
2027 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 251 |
2028 to 2032 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 807 |
Provisions - Schedule of actu_2
Provisions - Schedule of actuarial assumptions used to calculate defined benefit obligations, United Kingdom (Details) - United Kingdom | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of other provisions [line items] | |||
Annual discount rate | 4.88% | 1.90% | 1.28% |
Cumulative annual CPI growth | 3.11% | 3.37% | 2.95% |
Annual salary increase rate | 1% | 1% | 1% |
Annual social security pension increase rate | 2.98% | 3.21% | 2.85% |
Provisions - Schedule of fund_2
Provisions - Schedule of funding status of the defined benefit obligations, United Kingdom (Details) - United Kingdom - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | € 8,982 | € 15,392 | € 15,472 |
Fair value of plan assets | 10,152 | 17,244 | 15,575 |
Provisions - Provisions for pensions | (1,170) | (1,852) | (103) |
Internal provisions for pensions | 29 | 44 | 449 |
Net assets for pensions | € (1,199) | € (1,896) | € (552) |
Provisions - Schedule of defi_2
Provisions - Schedule of defined benefit obligation expenses recognized in the consolidated income statements, United Kingdom (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Post-employment benefit expense in profit or loss, defined benefit plans | € 65 | € 73 | € 76 |
United Kingdom | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Current service cost | 30 | 33 | 30 |
Interest cost (net) | (37) | (6) | (12) |
Provisions or reversal of provisions, net | |||
Cost of services provided | 0 | 6 | 0 |
Others | 0 | 0 | (1) |
Post-employment benefit expense in profit or loss, defined benefit plans | € (7) | € 33 | € 17 |
Provisions - Schedule of stat_2
Provisions - Schedule of status and changes of the defined benefit obligations, United Kingdom (Details) - United Kingdom - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | € 857 | ||
Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 15,392 | € 15,472 | € 14,297 |
Current service cost | 30 | 33 | 30 |
Interest cost | 283 | 219 | 284 |
Benefits paid | (487) | (465) | (445) |
Contributions made by employees | 9 | 18 | 17 |
Past service cost | 0 | 6 | 0 |
Actuarial (gains)/losses | (5,660) | (933) | 2,060 |
Demographic actuarial (gains)/losses | (144) | (17) | 34 |
Financial actuarial (gains)/losses | (5,516) | (916) | 2,026 |
Exchange differences and other items | (585) | 1,042 | (771) |
Net defined benefit liability (asset) at end of period | € 8,982 | € 15,392 | € 15,472 |
Provisions - Schedule of chan_3
Provisions - Schedule of changes in fair value of plan assets, United Kingdom (Details) - United Kingdom - Plan assets - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | € 17,244 | € 15,575 | € 14,755 |
Expected return on plan assets | 320 | 225 | 296 |
Benefits paid | (487) | (463) | (443) |
Contributions | 262 | 285 | 274 |
Actuarial gains/(losses) | (6,517) | 541 | 1,492 |
Exchange differences and other items | (670) | 1,081 | (799) |
Fair value of plan assets at end of year | € 10,152 | € 17,244 | € 15,575 |
Provisions - Schedule of main c
Provisions - Schedule of main categories of plan assets, United Kingdom (Details) - United Kingdom | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 0% | 10% | 9% |
Debt instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 51% | 51% | 55% |
Properties | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 13% | 10% | 10% |
Other | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 36% | 29% | 26% |
Provisions - Schedule of matu_2
Provisions - Schedule of maturity of estimated benefits payments, United Kingdom (Details) - United Kingdom € in Millions | Dec. 31, 2022 EUR (€) |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 471 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 408 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 432 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 457 |
2027 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 481 |
2028 to 2032 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 2,632 |
Provisions - Schedule of fund_3
Provisions - Schedule of funding status of the defined benefit obligations, Other Foreign Subsidiaries (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Other foreign subsidiaries | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | € 7,578 | € 8,018 | € 8,434 |
Charge to the participants | 107 | 106 | 112 |
Fair value of plan assets | 7,321 | 7,167 | 7,182 |
Provisions - Provisions for pensions | 150 | 745 | 1,140 |
Internal provisions for pensions | 1,166 | 1,478 | 1,694 |
Net assets for pensions | (122) | (64) | (83) |
Unrecognised net assets for pensions | (894) | € (669) | € (471) |
Brazil | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | 5,185 | ||
Charge to the participants | 107 | ||
Fair value of plan assets | 5,710 | ||
Provisions - Provisions for pensions | (632) | ||
Internal provisions for pensions | 314 | ||
Net assets for pensions | (52) | ||
Unrecognised net assets for pensions | € (894) |
Provisions - Schedule of defi_3
Provisions - Schedule of defined benefit obligation expenses recognized in the consolidated income statements, Other Foreign Subsidiaries (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Post-employment benefit expense in profit or loss, defined benefit plans | € 65 | € 73 | € 76 |
Other foreign subsidiaries | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Current service cost | 31 | 34 | 35 |
Interest cost (net) | 64 | 62 | 72 |
Actuarial (gains)/losses recognised in the year | 8 | 11 | 11 |
Past service cost | 8 | 3 | 5 |
Pre-retirement cost | 0 | (24) | 0 |
Other | (3) | (3) | (5) |
Post-employment benefit expense in profit or loss, defined benefit plans | € 108 | € 83 | € 118 |
Provisions - Schedule of stat_3
Provisions - Schedule of status and changes of the defined benefit obligations, Other Foreign Subsidiaries (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Benefits paid due to settlements | € (179) | € 0 | € 0 |
Other foreign subsidiaries | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 8,018 | 8,434 | 10,717 |
Incorporation of Group companies, net | 0 | (5) | (84) |
Current service cost | 31 | 34 | 35 |
Interest cost | 546 | 429 | 465 |
Pre-retirement cost | 0 | (24) | 0 |
Effect of curtailment/settlement | (3) | (3) | (5) |
Benefits paid | (653) | (538) | (544) |
Contributions made by employees | 5 | 3 | 3 |
Past service cost | 8 | 3 | 5 |
Actuarial (gains)/losses | (876) | (486) | 176 |
Demographic actuarial (gains)/losses | 5 | 16 | 23 |
Financial actuarial (gains)/losses | (881) | (502) | 153 |
Exchange differences and other items | 681 | 171 | (2,334) |
Net defined benefit liability (asset) at end of period | € 7,578 | € 8,018 | € 8,434 |
Provisions - Schedule of chan_4
Provisions - Schedule of changes in fair value of plan assets, Other Foreign Subsidiaries (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Incorporation of Group companies, net | € 0 | € 0 | € 8 |
Other foreign subsidiaries | Plan assets | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 7,167 | 7,182 | 8,826 |
Incorporation of Group companies, net | 0 | (6) | (86) |
Expected return on plan assets | 570 | 411 | 410 |
Benefits paid | (766) | (478) | (488) |
Contributions | 198 | 152 | 63 |
Actuarial gains/(losses) | (498) | (155) | 536 |
Exchange differences and other items | 650 | 61 | (2,079) |
Fair value of plan assets at end of year | € 7,321 | € 7,167 | € 7,182 |
Provisions - Schedule of main_2
Provisions - Schedule of main categories of plan assets, Other Foreign Subsidiaries (Details) - Other foreign subsidiaries | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 11% | 12% | 11% |
Debt securities | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 83% | 83% | 84% |
Investment property | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 1% | 1% | 1% |
Other | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 5% | 4% | 4% |
Provisions - Schedule of matu_3
Provisions - Schedule of maturity of estimated benefits payments, Other Foreign Subsidiaries (Details) - Other foreign subsidiaries € in Millions | Dec. 31, 2022 EUR (€) |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 602 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 610 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 620 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 626 |
2027 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 632 |
2028 to 2032 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 3,228 |
Provisions - Schedule of other
Provisions - Schedule of other provisions by geographical area (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of other provisions [line items] | ||||
Provisions | € 8,149 | € 9,583 | € 10,852 | € 13,987 |
Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 4,073 | 4,423 | 4,425 | € 5,508 |
Spain | Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,768 | 1,595 | 1,647 | |
European Union (excluding Spain) | Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 328 | 779 | 539 | |
Other Foreign Countries Not Including Countries in EU | Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,977 | 2,049 | 2,239 | |
Brazil | Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | € 1,243 | € 1,339 | € 1,475 |
Provisions - Schedule of othe_2
Provisions - Schedule of other provisions by type of provision (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of other provisions [line items] | ||||
Provisions | € 8,149 | € 9,583 | € 10,852 | € 13,987 |
Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 4,073 | 4,423 | 4,425 | € 5,508 |
Provisions for taxes | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 679 | 564 | 600 | |
Provisions for other legal proceedings | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,094 | 1,104 | 1,163 | |
Provision for customer remediation | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 349 | 745 | 395 | |
Regulatory framework-related provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 19 | 36 | 69 | |
Provision for restructuring | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 641 | 749 | 810 | |
Other | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 990 | 897 | 951 | |
Brazil | Other provisions | ||||
Disclosure of other provisions [line items] | ||||
Provisions | 1,243 | 1,339 | 1,475 | |
Brazil | Provisions for employment-related proceedings (Brazil) | ||||
Disclosure of other provisions [line items] | ||||
Provisions | € 301 | € 328 | € 437 |
Other liabilities (Details)
Other liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Miscellaneous liabilities [abstract] | |||
Transactions in transit | € 457 | € 545 | € 498 |
Accrued expenses and deferred income | 8,445 | 7,084 | 6,309 |
Other | 5,707 | 5,069 | 5,529 |
Other liabilities | € 14,609 | € 12,698 | € 12,336 |
Tax matters - Narrative (Detail
Tax matters - Narrative (Details) | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2020 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2019 EUR (€) | |
Disclosure of other provisions [line items] | |||||
Impairment of deferred tax asset | € 2,500,000,000 | ||||
Deferred tax assets | € 20,787,000,000 | 19,246,000,000 | € 19,440,000,000 | € 22,758,000,000 | |
Deferred tax assets not recognized | 10,800,000,000 | ||||
Tax benefits not recognized | 490,000,000 | ||||
Taxes and other legal contingencies | |||||
Disclosure of other provisions [line items] | |||||
Provisions recognised | 0 | ||||
Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 19,009,000,000 | 18,153,000,000 | 18,190,000,000 | 19,331,000,000 | |
Tax losses and tax credits | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 1,778,000,000 | 1,093,000,000 | 1,250,000,000 | 3,427,000,000 | |
Monetizable | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 10,660,000,000 | 10,721,000,000 | 10,473,000,000 | ||
Monetizable | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 10,660,000,000 | 10,721,000,000 | 10,473,000,000 | € 11,233,000,000 | |
Other | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 10,127,000,000 | 8,525,000,000 | 8,967,000,000 | ||
Other | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 8,349,000,000 | 7,432,000,000 | 7,718,000,000 | ||
Other | Tax losses and tax credits | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 1,778,000,000 | € 1,093,000,000 | € 1,249,000,000 | ||
Spain | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 9,455,000,000 | ||||
Spain | Tax losses and tax credits | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 830,000,000 | ||||
Spain | Monetizable | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 6,777,000,000 | ||||
Spain | Other | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 1,847,000,000 | ||||
Brazil | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 6,461,000,000 | ||||
Brazil | Tax losses and tax credits | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 752,000,000 | ||||
Brazil | Monetizable | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 3,759,000,000 | ||||
Brazil | Other | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 1,950,000,000 | ||||
United States | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | 1,578,000,000 | ||||
United States | Temporary differences | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | € 1,398,000,000 | ||||
Deferred tax asset recovery period | 15 years | 15 years | |||
United States | Tax losses and tax credits | |||||
Disclosure of other provisions [line items] | |||||
Deferred tax assets | € 180,000,000 | ||||
United Kingdom | |||||
Disclosure of other provisions [line items] | |||||
Dividend exemption, generating potential tax credit | £ | £ 2,000 | ||||
Actuarial assumption of growth | Spain | |||||
Disclosure of other provisions [line items] | |||||
Percentage used to adjust sensitivity analysis | 0.50% | 0.50% | |||
Inflation rate assumption | Spain | |||||
Disclosure of other provisions [line items] | |||||
Percentage used to adjust sensitivity analysis | 0.50% | 0.50% |
Tax matters - Schedule of recon
Tax matters - Schedule of reconciliation of income tax expense (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | ||||
Applicable tax rate in Spain | 30% | 30% | 30% | |
Consolidated profit (loss) before tax | ||||
From continuing operations | € 15,250 | € 14,547 | € (2,076) | |
From discontinued operations | 0 | 0 | 0 | |
Operating profit/(loss) before tax | € 3,829 | 15,250 | 14,547 | (2,076) |
Income tax at tax rate applicable in Spain (30%) | 4,575 | 4,364 | (623) | |
By the effect of application of the various tax rates applicable in each country | 61 | 210 | 362 | |
Effect of profit or loss of associates and joint ventures | (210) | (130) | 29 | |
Effect of reassessment of deferred taxes | 0 | 9 | 2,500 | |
Permanent differences and other | 60 | 441 | 3,364 | |
Current income tax | € 69 | € 4,486 | € 4,894 | € 5,632 |
Effective tax rate | 29.42% | 33.64% | 0% | |
Continuing operations | € 4,486 | € 4,894 | € 5,632 | |
Discontinued operations | 0 | 0 | 0 | |
Current taxes | 4,272 | 3,799 | 4,214 | |
Deferred taxes | 214 | 1,095 | 1,418 | |
Income tax (receipts)/payments | 5,498 | 4,012 | 2,946 | |
Brazil | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | 472 | 634 | 560 | |
United Kingdom | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | (161) | (158) | (43) | |
United States | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | (99) | (179) | (71) | |
Chile | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | (30) | (34) | (24) | |
Poland | ||||
Consolidated profit (loss) before tax | ||||
By the effect of application of the various tax rates applicable in each country | € (101) | € 0 | € 0 |
Tax matters - Schedule of tax r
Tax matters - Schedule of tax recognized in equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other comprehensive income | |||
Items not reclassified to profit or loss | € 49 | € (510) | € (82) |
Actuarial gains or (-) losses on defined benefit pension plans | 96 | (530) | (165) |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (19) | (13) | 92 |
Financial liabilities at fair value with changes in results attributable to changes in credit risk | (26) | 33 | (9) |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | (2) | 0 | 0 |
Items that may be reclassified to profit or loss | 1,522 | 1,136 | 208 |
Cash flow hedges | 912 | 278 | 5 |
Changes in the fair value of debt instruments through other comprehensive income | 661 | 857 | 195 |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | (51) | 1 | 8 |
Total | € 1,571 | € 626 | € 126 |
Tax matters - Schedule of defer
Tax matters - Schedule of deferred tax assets and liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2019 | Dec. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | € 19,246 | € 20,787 | € 19,440 | € 22,758 | |
Deferred tax liabilities | 5,933 | 6,428 | 6,462 | 6,522 | |
Portion converted into credit | 642 | ||||
Banco Popular Espanol, S.A. | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Portion already submitted for conversion | € 995 | ||||
Tax losses and tax credits | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 1,093 | 1,778 | 1,250 | 3,427 | |
Temporary differences | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 18,153 | 19,009 | 18,190 | 19,331 | |
Deferred tax liabilities | 5,933 | 6,428 | 6,462 | 6,522 | |
Valuation of financial instruments | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax liabilities | 1,791 | 1,792 | 1,419 | ||
Valuation of tangible and intangible assets | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax liabilities | 2,311 | 3,169 | 3,081 | ||
Investments in Group companies | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax liabilities | 440 | 359 | 337 | ||
Monetizable | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 10,721 | 10,660 | 10,473 | ||
Monetizable | Temporary differences | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 10,721 | 10,660 | 10,473 | € 11,233 | |
Monetizable | Loan losses | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 7,134 | 7,696 | 6,888 | ||
Monetizable | Pensions | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 3,587 | 2,964 | 3,585 | ||
Other | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 8,525 | 10,127 | 8,967 | ||
Other | Tax losses and tax credits | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 1,093 | 1,778 | 1,249 | ||
Other | Temporary differences | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 7,432 | 8,349 | 7,718 | ||
Other | Non-deductible provisions | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 2,139 | 2,182 | 2,256 | ||
Other | Valuation of financial instruments | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 483 | 1,535 | 600 | ||
Other | Loan losses | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 1,007 | 1,232 | 988 | ||
Other | Pensions | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | 875 | 560 | 669 | ||
Other | Valuation of tangible and intangible assets | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax assets | € 1,373 | € 1,270 | € 1,509 |
Tax matters - Schedule of chang
Tax matters - Schedule of changes in deferred tax assets and liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets at beginning of period | € 19,440 | € 19,246 | € 22,758 |
(Charge)/Credit to income | 273 | (209) | (1,016) |
Foreign currency balance translation differences and other items | 376 | 193 | (2,465) |
(Charge)/Credit to asset and liability valuation adjustments | 697 | 209 | 38 |
Acquisition for the year (net) | 1 | 1 | (69) |
Deferred tax assets at end of period | 20,787 | 19,440 | 19,246 |
Deferred tax liabilities at beginning of period | (6,462) | (5,933) | (6,522) |
(Charge)/Credit to income | (487) | (886) | (402) |
Foreign currency balance translation differences and other items | (149) | (170) | 851 |
(Charge)/Credit to asset and liability valuation adjustments | 684 | 528 | 156 |
Acquisition for the year (net) | (14) | (1) | (16) |
Deferred tax liabilities at end of period | (6,428) | (6,462) | (5,933) |
Deferred tax liability (asset) at beginning of period | 12,978 | 13,313 | 16,236 |
(Charge)/Credit to income | (214) | (1,095) | (1,418) |
Foreign currency balance translation differences and other items | 227 | 23 | (1,614) |
(Charge)/Credit to asset and liability valuation adjustments | 1,381 | 737 | 194 |
Acquisition for the year (net) | (13) | 0 | (85) |
Deferred tax liability (asset) at end of period | 14,359 | 12,978 | 13,313 |
Monetizable | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets at beginning of period | 10,473 | 10,721 | |
Deferred tax assets at end of period | 10,660 | 10,473 | 10,721 |
Tax losses and tax credits | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets at beginning of period | 1,250 | 1,093 | 3,427 |
(Charge)/Credit to income | 211 | 129 | (2,065) |
Foreign currency balance translation differences and other items | 317 | 28 | (266) |
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 |
Acquisition for the year (net) | 0 | 0 | (3) |
Deferred tax assets at end of period | 1,778 | 1,250 | 1,093 |
Temporary differences | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets at beginning of period | 18,190 | 18,153 | 19,331 |
(Charge)/Credit to income | 62 | (338) | 1,049 |
Foreign currency balance translation differences and other items | 59 | 165 | (2,199) |
(Charge)/Credit to asset and liability valuation adjustments | 697 | 209 | 38 |
Acquisition for the year (net) | 1 | 1 | (66) |
Deferred tax assets at end of period | 19,009 | 18,190 | 18,153 |
Deferred tax liabilities at beginning of period | (6,462) | (5,933) | (6,522) |
(Charge)/Credit to income | (487) | (886) | (402) |
Foreign currency balance translation differences and other items | (149) | (170) | 851 |
(Charge)/Credit to asset and liability valuation adjustments | 684 | 528 | 156 |
Acquisition for the year (net) | (14) | (1) | (16) |
Deferred tax liabilities at end of period | (6,428) | (6,462) | (5,933) |
Temporary differences | Monetizable | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets at beginning of period | 10,473 | 10,721 | 11,233 |
(Charge)/Credit to income | 507 | (273) | 613 |
Foreign currency balance translation differences and other items | (320) | 25 | (1,125) |
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 |
Acquisition for the year (net) | 0 | 0 | 0 |
Deferred tax assets at end of period | € 10,660 | € 10,473 | € 10,721 |
Non-controlling interests - Sch
Non-controlling interests - Schedule of detail, by Group company, of non-controlling interests (Details) € in Millions, £ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) issue | Dec. 31, 2022 GBP (£) issue | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2022 GBP (£) | |
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | € 7,322 | € 8,594 | € 8,783 | ||
Profit/(loss) attributable to non-controlling interests | 1,159 | 1,529 | 1,063 | ||
Non-controlling interests | 8,481 | 10,123 | 9,846 | ||
Other equity interest | € 175 | 152 | 163 | ||
Fixed Rate Reset Perpetual AT1 Capital Securities | |||||
Non-controlling interests | |||||
Number of issues of convertible instruments redeemed early | issue | 3 | 3 | |||
Santander Bank Polska | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | € 1,603 | 1,559 | 1,676 | ||
Profit/(loss) attributable to non-controlling interests | 196 | 75 | 81 | ||
Grupo PSA | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,728 | 1,543 | 1,622 | ||
Profit/(loss) attributable to non-controlling interests | 323 | 311 | 255 | ||
Santander Consumer USA Holdings Inc. | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 0 | 1,255 | 986 | ||
Profit/(loss) attributable to non-controlling interests | 0 | 494 | 201 | ||
Banco Santander - Chile | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,317 | 1,042 | 1,218 | ||
Profit/(loss) attributable to non-controlling interests | 280 | 292 | 198 | ||
Banco Santander (Brasil) S.A. | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,210 | 1,023 | 1,014 | ||
Profit/(loss) attributable to non-controlling interests | 259 | 251 | 233 | ||
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 | 251 | 202 | 461 | ||
Profit/(loss) attributable to non-controlling interests | 42 | 62 | 61 | ||
Other companies | |||||
Non-controlling interests | |||||
Non-controlling interests, excluding profit (loss) for the current period | 1,213 | 1,970 | 1,806 | ||
Profit/(loss) attributable to non-controlling interests | 59 | 44 | 34 | ||
Santander UK plc | Fixed Rate Reset Perpetual AT1 Capital Securities | |||||
Non-controlling interests | |||||
Issue of convertible instruments | 1,977 | £ 1,700 | |||
Other equity interest | 564 | € 1,363 | € 1,275 | £ 500 | |
Banco Santander, S.A. | Fixed Rate Reset Perpetual AT1 Capital Securities | |||||
Non-controlling interests | |||||
Issue of convertible instruments | € 1,221 | £ 1,050 |
Non-controlling interests - S_2
Non-controlling interests - Schedule of changes in non-controlling interests (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Non-controlling interests | |||
Equity at beginning of period | € 97,053 | € 91,322 | € 110,659 |
Other comprehensive income | 8,104 | 9,433 | (17,502) |
Profit attributable to non-controlling interests | 1,159 | 1,529 | 1,063 |
Change of perimeter | 31 | (5) | (54) |
Equity at end of period | 97,585 | 97,053 | 91,322 |
Non-Controlling interest | |||
Non-controlling interests | |||
Equity at beginning of period | 10,123 | 9,846 | 10,588 |
Equity at end of period | 8,481 | 10,123 | 9,846 |
Non-controlling interest, other comprehensive income | |||
Non-controlling interests | |||
Other comprehensive income | 248 | (304) | (818) |
Non-controlling interest, other elements | |||
Non-controlling interests | |||
Other | (1,890) | 581 | 76 |
Profit attributable to non-controlling interests | 1,159 | 1,529 | 1,063 |
Modification of participation rates | (1,811) | (390) | (632) |
Change of perimeter | 31 | (5) | (54) |
Dividends paid to minority shareholders | (500) | (648) | (465) |
Changes in capital and others concepts | (769) | € 95 | € 164 |
Fixed Rate Reset Perpetual AT1 Capital Securities | |||
Non-controlling interests | |||
Amortisation of other equity instruments | € 756 |
Non-controlling interests - S_3
Non-controlling interests - Schedule of financial information on the subsidiaries with significant non-controlling interests (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Non-controlling interests | |||
Total assets | € 1,734,659 | € 1,595,835 | € 1,508,250 |
Total liabilities | 1,637,074 | 1,498,782 | 1,416,928 |
Total profit | 10,764 | € 9,653 | € (7,708) |
Santander Bank Polska | |||
Non-controlling interests | |||
Total assets | 52,665 | ||
Total liabilities | 47,506 | ||
Net assets | 5,159 | ||
Total income | 2,474 | ||
Total profit | 542 | ||
Banco Santander (Brasil) S.A. | |||
Non-controlling interests | |||
Total assets | 184,165 | ||
Total liabilities | 168,627 | ||
Net assets | 15,538 | ||
Total income | 12,910 | ||
Total profit | 2,822 | ||
Banco Santander - Chile | |||
Non-controlling interests | |||
Total assets | 78,425 | ||
Total liabilities | 72,845 | ||
Net assets | 5,580 | ||
Total income | 2,449 | ||
Total profit | 956 | ||
Grupo Financiero Santander México, S.A.B. de C.V. | |||
Non-controlling interests | |||
Total assets | 92,636 | ||
Total liabilities | 84,416 | ||
Net assets | 8,220 | ||
Total income | 4,623 | ||
Total profit | 1,257 | ||
Santander Consumer USA Holdings Inc. | |||
Non-controlling interests | |||
Total assets | 40,681 | ||
Total liabilities | 30,130 | ||
Net assets | 10,551 | ||
Total income | 4,300 | ||
Total profit | € 1,407 |
Other comprehensive income - Sc
Other comprehensive income - Schedule of components of other comprehensive income (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Other Comprehensive Income [Abstract] | |||
OTHER COMPREHENSIVE INCOME OR LOSS | € (35,628) | € (32,719) | € (33,144) |
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (4,635) | (4,241) | (5,328) |
Actuarial gains and losses on defined benefit pension plans | (3,945) | (3,986) | (5,002) |
Non-current assets held for sale | 0 | 0 | 0 |
Share in other income and expenses recognised in investments, joint ventures and associates | 10 | (8) | (2) |
Other valuation adjustments | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | (672) | (157) | (308) |
Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) | 293 | 275 | 159 |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) | (293) | (275) | (159) |
Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk | (28) | (90) | (16) |
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (30,993) | (28,478) | (27,816) |
Hedges of net investments in foreign operations (Effective portion) | (6,750) | (4,283) | (3,124) |
Exchange differences | (20,420) | (23,887) | (26,911) |
Hedging derivatives. Cash flow hedges (Effective portion) | (2,437) | (276) | 295 |
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | (1,002) | 436 | 2,411 |
Hedging instruments (items not designated) | 0 | 0 | 0 |
Non-current assets classified as held for sale | 0 | 0 | 0 |
Share in other income and expenses recognised in investments, joint ventures and associates | € (384) | € (468) | € (487) |
Other comprehensive income - Na
Other comprehensive income - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Actuarial gains and losses on defined benefit pension plans | € (56) | € 1,567 | € (25) |
Changes in value recognised in equity | 242 | (1,705) | 547 |
Decrease due to other modification | 186 | ||
Foreign exchange gain (loss) | (542) | (562) | (2,093) |
Impairment loss (reversal) | 10,863 | 7,407 | 12,382 |
Financial assets at fair value through other comprehensive income | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Impairment loss (reversal) | 7 | 19 | 19 |
Goodwill | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Foreign exchange gain (loss) | 496 | 167 | (2,104) |
Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Actuarial gains and losses on defined benefit pension plans | (295) | € (37) | 84 |
Decrease (increase) in accumulated actuarial losses/profits | € 295 | ||
Actuarial assumption of discount rates | 3.80% | 0.90% | |
Germany | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Decrease (increase) in accumulated actuarial losses/profits | € 171 | ||
Actuarial assumption of discount rates | 4.21% | 1.45% | |
Portugal | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Decrease (increase) in accumulated actuarial losses/profits | € 113 | ||
Actuarial assumption of discount rates | 3.70% | 1.10% | |
United Kingdom | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Actuarial gains and losses on defined benefit pension plans | € 857 | € (1,475) | € 568 |
Decrease (increase) in accumulated actuarial losses/profits | € (857) | ||
Actuarial assumption of discount rates | 4.88% | 1.90% | 1.28% |
Actuarial assumption of expected rates of inflation | 3.11% | 3.37% | 2.95% |
Actuarial assumption of expected rates of pension increases | 2.98% | 3.21% | 2.85% |
Brazil | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Decrease (increase) in accumulated actuarial losses/profits | € 39 | ||
Actuarial assumption of expected rates of inflation | 3% | ||
Actuarial assumption of expected rates of pension increases | 9.44% | 8.39% | |
Actuarial assumption of medical cost trend rates | 9.46% | 8.44% | |
Other Regions | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Decrease (increase) in accumulated actuarial losses/profits | € (3) |
Other comprehensive income - _2
Other comprehensive income - Schedule of changes in fair value of equity instruments that will not be reclassified (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Net gains/losses by valuation | € (672) | € (157) | € (308) |
Fair Value | 85,239 | 108,038 | 120,953 |
Domestic | Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 30 | 25 | 28 |
Capital losses by valuation | (926) | (663) | (849) |
Net gains/losses by valuation | (896) | (638) | (821) |
Fair Value | 500 | 759 | 1,032 |
International | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 373 | 573 | 625 |
Capital losses by valuation | (1,045) | (730) | (933) |
Net gains/losses by valuation | (672) | (157) | (308) |
Fair Value | 1,941 | 2,453 | 2,783 |
International | Rest of Europe | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 84 | 39 | 65 |
Capital losses by valuation | (60) | (58) | (76) |
Net gains/losses by valuation | 24 | (19) | (11) |
Fair Value | 225 | 170 | 314 |
International | United States | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 15 | 13 | 7 |
Capital losses by valuation | 0 | (4) | (4) |
Net gains/losses by valuation | 15 | 9 | 3 |
Fair Value | 29 | 31 | 25 |
International | Latin America and rest | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 244 | 496 | 525 |
Capital losses by valuation | (59) | (5) | (4) |
Net gains/losses by valuation | 185 | 491 | 521 |
Fair Value | 1,187 | 1,493 | 1,412 |
Publicly listed | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 246 | 500 | 525 |
Capital losses by valuation | (113) | (44) | (31) |
Net gains/losses by valuation | 133 | 456 | 494 |
Fair Value | 1,200 | 1,521 | 1,424 |
Non publicly listed | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 127 | 73 | 100 |
Capital losses by valuation | (932) | (686) | (902) |
Net gains/losses by valuation | (805) | (613) | (802) |
Fair Value | € 741 | € 932 | € 1,359 |
Other comprehensive income - _3
Other comprehensive income - Schedule of exchange differences included in other comprehensive income that may be reclassified to profit or loss, by country (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | € (27,170) | € (28,170) | € (30,035) |
Brazilian real | |||
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (16,735) | (17,440) | (17,417) |
Pound sterling | |||
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (4,219) | (3,415) | (4,205) |
Mexican peso | |||
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (3,010) | (3,088) | (3,091) |
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 | (1,755) | (2,109) | (2,288) |
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 | (2,081) | (2,039) | (1,776) |
US dollar | |||
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | 2,384 | 1,536 | 387 |
Polish zloty | |||
Items that may be reclassified to profit or loss | |||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (999) | (809) | (788) |
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 | € (755) | € (806) | € (857) |
Other comprehensive income - _4
Other comprehensive income - Schedule of exchange differences included in other comprehensive income that may be reclassified to profit or loss, by currency (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | € (23,887) | € (26,911) | |
Balance at end of year | (20,420) | (23,887) | € (26,911) |
Movement | (542) | (562) | (2,093) |
Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (23,887) | (26,911) | (16,701) |
Balance at end of year | (20,420) | (23,887) | (26,911) |
Movement | 3,467 | 3,024 | (10,210) |
From goodwill | 496 | 167 | (2,104) |
From results | (173) | 155 | (254) |
From net assets | 3,144 | 2,702 | (7,852) |
Brazilian real | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (15,913) | (16,032) | (10,704) |
Balance at end of year | (14,199) | (15,913) | (16,032) |
Movement | 1,714 | 119 | (5,328) |
From goodwill | 376 | 30 | (1,280) |
From results | (98) | 19 | (190) |
From net assets | 1,436 | 70 | (3,858) |
Pound sterling | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (3,504) | (4,602) | (3,329) |
Balance at end of year | (4,446) | (3,504) | (4,602) |
Movement | (942) | 1,098 | (1,273) |
From goodwill | (51) | 41 | (455) |
From results | (67) | 38 | (4) |
From net assets | (824) | 1,019 | (814) |
Mexican peso | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (2,012) | (2,393) | (1,547) |
Balance at end of year | (1,132) | (2,012) | (2,393) |
Movement | 880 | 381 | (846) |
From goodwill | 56 | 26 | (59) |
From results | 18 | 29 | (2) |
From net assets | 806 | 326 | (785) |
Argentine peso | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (2,109) | (2,287) | (2,094) |
Balance at end of year | (1,754) | (2,109) | (2,287) |
Movement | 355 | 178 | (193) |
From goodwill | 0 | 0 | 0 |
From results | 0 | 0 | 0 |
From net assets | 355 | 178 | (193) |
Chilean peso | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (1,852) | (1,450) | (1,181) |
Balance at end of year | (1,605) | (1,852) | (1,450) |
Movement | 247 | (402) | (269) |
From goodwill | 31 | (55) | (18) |
From results | 5 | (43) | 15 |
From net assets | 211 | (304) | (266) |
US dollar | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | 2,775 | 1,253 | 2,833 |
Balance at end of year | 4,062 | 2,775 | 1,253 |
Movement | 1,287 | 1,522 | (1,580) |
From goodwill | 102 | 125 | (143) |
From results | (24) | 102 | (58) |
From net assets | 1,209 | 1,295 | (1,379) |
Polish zloty | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (678) | (638) | (249) |
Balance at end of year | (776) | (678) | (638) |
Movement | (98) | (40) | (389) |
From goodwill | (21) | (9) | (133) |
From results | 0 | (1) | (5) |
From net assets | (77) | (30) | (251) |
Other currencies | Grupo Santander | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (594) | (762) | (430) |
Balance at end of year | (570) | (594) | (762) |
Movement | 24 | 168 | (332) |
From goodwill | 3 | 9 | (16) |
From results | (7) | 11 | (10) |
From net assets | € 28 | € 148 | € (306) |
Other comprehensive income - _5
Other comprehensive income - Schedule of other comprehensive income, that may be reclassified to profit or loss, by type of instrument and geographical origin of the issuer (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Net revaluation gains/ (losses) | € (1,002) | € 436 | € 2,411 |
Fair Value | 85,239 | 108,038 | 120,953 |
Santander Bank Polska | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Reclassification of financial assets out of measured at fair value through other comprehensive income into measured at amortised cost | 219 | ||
Debt securities | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 517 | 1,229 | 2,574 |
Revaluation losses | (1,519) | (793) | (163) |
Net revaluation gains/ (losses) | (1,002) | 436 | 2,411 |
Fair Value | 83,298 | 105,585 | 118,170 |
Issued by Public-sector | Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 26 | 271 | 693 |
Revaluation losses | (1) | 0 | 0 |
Net revaluation gains/ (losses) | 25 | 271 | 693 |
Fair Value | 9,312 | 12,917 | 19,314 |
Issued by Public-sector | Rest of Europe | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 268 | 544 | 915 |
Revaluation losses | (199) | (118) | (69) |
Net revaluation gains/ (losses) | 69 | 426 | 846 |
Fair Value | 17,593 | 20,397 | 23,116 |
Issued by Public-sector | Latin America and rest of the world | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 196 | 334 | 785 |
Revaluation losses | (937) | (438) | (73) |
Net revaluation gains/ (losses) | (741) | (104) | 712 |
Fair Value | 40,873 | 49,847 | 51,026 |
Issued by Private-sector | Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 0 | 2 | 2 |
Revaluation losses | (24) | (20) | (7) |
Net revaluation gains/ (losses) | (24) | (18) | (5) |
Fair Value | 5,727 | 4,759 | 6,454 |
Issued by Private-sector | Rest of Europe | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 11 | 47 | 100 |
Revaluation losses | (68) | (171) | (11) |
Net revaluation gains/ (losses) | (57) | (124) | 89 |
Fair Value | 5,203 | 11,708 | 12,191 |
Issued by Private-sector | Latin America and rest of the world | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 16 | 31 | 79 |
Revaluation losses | (290) | (46) | (3) |
Net revaluation gains/ (losses) | (274) | (15) | 76 |
Fair Value | € 4,590 | € 5,957 | € 6,069 |
Other comprehensive income - _6
Other comprehensive income - Schedule of changes in other comprehensive income for entities accounted for using the equity method (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | € (23,887) | € (26,911) | |
Balance at end of year | (20,420) | (23,887) | € (26,911) |
Equity Investments | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (476) | (489) | (335) |
Revaluation gains/(losses) | 117 | 7 | (170) |
Net amounts transferred to profit or loss | (15) | 6 | 16 |
Balance at end of year | (374) | (476) | (489) |
Equity Investments | Zurich Santander Insurance América, S.L. | |||
Items that may be reclassified to profit or loss | |||
Balance at beginning of year | (332) | (298) | |
Balance at end of year | € (315) | € (332) | € (298) |
Issued capital (Details)
Issued capital (Details) - EUR (€) | 12 Months Ended | ||||||
Jun. 28, 2022 | Apr. 01, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 03, 2020 | Dec. 31, 2019 | |
Disclosure of classes of share capital [line items] | |||||||
Share capital | € 8,397,000,000 | € 8,670,000,000 | € 8,670,000,000 | € 8,309,000,000 | |||
Share capital (in shares) | 16,794,401,584 | 17,340,641,302 | 17,340,641,302 | 16,618,114,582 | |||
Nominal value per share (in euro per share) | € 0.50 | € 0.50 | € 0.50 | € 0.50 | |||
Capital increase | € 361,000,000 | ||||||
New shares issued (in shares) | 722,526,720 | ||||||
Shares issued as a percentage of shared capital | 4.35% | ||||||
Reduction of issued capital | € 0 | € 0 | € 0 | ||||
Number of shares equivalent to a Crest Depositary Interest (CDI) | 1 | ||||||
Number of shares equivalent to an American Depositary Receipt (BDR) | 1 | ||||||
Percentage of equity interests held by significant shareholders, minimum threshold | 3% | ||||||
Percentage of equity interests held by a single shareholder residing in tax haven, minimum threshold | 1% | ||||||
Number of shares owned by third parties managed by Group management companies (in shares) | 50,000,000 | 45,000,000 | 39,000,000 | ||||
Shares owned by third parties managed by Group management companies, percentage of share capital | 0.30% | 0.26% | 0.22% | ||||
Shares owned by third parties and received as security (in shares) | 232,000,000 | ||||||
Shares owned by third parties received as security, percentage of share capital | 1.38% | ||||||
Treasury shares | |||||||
Disclosure of classes of share capital [line items] | |||||||
Share capital (in shares) | 243,689,025 | 277,591,940 | 28,439,022 | ||||
Reduction of issued capital | € 143,154,722.5 | € 129,965,136.5 | € (1,706,000,000) | ||||
Redemption of treasury shares, shares | 286,309,445 | 259,930,273 | |||||
2022 program | |||||||
Disclosure of classes of share capital [line items] | |||||||
Share capital (in shares) | 340,406,572 | ||||||
Norges Bank | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 3.006% | ||||||
State Street Bank and Trust Company | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 14.23% | ||||||
Chase Nominees Limited | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 6.88% | ||||||
Bank of New York Mellon Corporation | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 4.82% | ||||||
Citibank New York | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 3.90% | ||||||
BNP Paribas | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 3.28% | ||||||
EC Nominees Limited | |||||||
Disclosure of classes of share capital [line items] | |||||||
Percentage of equity interests held by significant shareholders | 3.04% |
Share premium (Details)
Share premium (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of classes of share capital [line items] | ||||
Decrease in share premium to cope with capital increase | € 361 | |||
Transfer of share premium to legal reserve | 72 | |||
Decrease in equity other than comprehensive income | € 7,572 | € 3,702 | 1,835 | |
Transfers between equity items | 0 | 0 | 0 | |
To dividends | € 0 | 2,348 | 1,961 | 826 |
Decrease in net issue premium | 1,433 | |||
Redemption of treasury shares, purchase value | 1,706 | |||
Redemption of treasury shares, par value | 273 | |||
Share premium | ||||
Disclosure of classes of share capital [line items] | ||||
Decrease in equity other than comprehensive income | € 1,706 | 4,034 | 433 | |
Transfers between equity items | 3,557 | |||
To dividends | € 477 | € 361 |
Accumulated retained earnings -
Accumulated retained earnings - Schedule of accumulated retained earnings and reserves of entities accounted for using the equity method (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reserves within equity [line items] | |||
Revaluation reserve Royal Decree-Law 7/1996 | € 0 | € 0 | € 0 |
Reserves of subsidiaries | € 49,196 | 47,438 | 47,601 |
Percentage of share capital required to be maintained in the legal reserve | 20% | ||
Equity Investments | |||
Disclosure of reserves within equity [line items] | |||
Restricted reserves | € 2,798 | 2,543 | 2,460 |
Legal reserve | 1,734 | 1,734 | 1,734 |
Own shares | 737 | 755 | 672 |
Revaluation reserve Royal Decree-Law 7/1996 | 43 | 43 | 43 |
Reserve for retired capital | 284 | 11 | 11 |
Unrestricted reserves | 7,701 | 4,243 | 10,422 |
Voluntary reserves | 7,917 | 6,123 | 6,128 |
Consolidation reserves attributable to the Bank | (216) | (1,880) | 4,294 |
Reserves of subsidiaries | 49,196 | 47,438 | 47,601 |
Reserves of entities accounted for using the equity method | 1,553 | 1,572 | 1,504 |
Accumulated retained earnings and other reserves | € 61,248 | € 55,796 | € 61,987 |
Accumulated retained earnings_2
Accumulated retained earnings - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2020 | |
Retained earnings [abstract] | ||
Percentage of annual net profit required to be transferred to the legal reserve | 10% | |
Percentage of share capital required to be maintained in the legal reserve before annual transfers can be discontinued | 20% | |
Minimum percentage of increased share capital required to be maintained in the legal reserve if reserves are used to increase capital | 10% | |
Transfer of share premium to legal reserve | € 72 |
Accumulated retained earnings_3
Accumulated retained earnings - Schedule of reserves of subsidiaries based on the companies' contribution to the Group (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € 49,196 | € 47,438 | € 47,601 |
Restricted portion of reserves of subsidiaries | 3,614 | 3,392 | 3,155 |
Banco Santander (Brasil) S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 14,663 | 14,325 | 14,067 |
Santander UK Group | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 8,358 | 8,558 | 8,447 |
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 5,437 | 4,753 | 4,230 |
Santander Holdings USA, Inc. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 4,324 | 4,913 | 4,793 |
Banco Santander - Chile | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,875 | 3,194 | 3,404 |
Santander Consumer Finance Group | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,858 | 3,502 | 4,186 |
Banco Santander Totta, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,297 | 2,940 | 2,960 |
Banco Santander Argentina S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 2,527 | 2,318 | 2,161 |
Santander Bank Polska S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 2,140 | 1,990 | 1,748 |
Santander Investment, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 1,316 | 1,307 | 1,335 |
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 1,050 | 869 | 695 |
Banco Santander International SA (former Banco Santander (Suisse) S.A) | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 310 | 277 | 247 |
Other companies and consolidation adjustments | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € (1,959) | € (1,508) | € (672) |
Other equity instruments and _2
Other equity instruments and own shares (Details) € / shares in Units, € in Millions | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) donation € / shares shares | Dec. 31, 2021 EUR (€) donation € / shares shares | Dec. 31, 2020 EUR (€) shares | Dec. 31, 2019 EUR (€) shares | Sep. 08, 2017 EUR (€) | |
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Fidelity bonds, nominal value | € | € 981 | ||||
Fidelity bonds, market value | € | € 688 | € 658 | € 627 | € 686 | |
Total equity | € | € 97,585 | € 97,053 | € 91,322 | € 110,659 | |
Number of shares held (in shares) | 16,794,401,584 | 17,340,641,302 | 17,340,641,302 | 16,618,114,582 | |
Treasury shares, percentage of issued share capital | 1.45% | 1.60% | 0.164% | ||
Purchase of treasury shares (in shares) | 713,359,786 | 524,312,848 | |||
Average purchase price of bank shares (in euro per share) | € / shares | € 2.87 | € 3.14 | |||
Treasury shares, number of shares transferred (in shares) | 201,022,983 | 275,159,930 | |||
Average selling price of bank shares (in euro per share) | € / shares | € 2.85 | € 3.10 | |||
Treasury shares, number of shares transferred through donations (in shares) | 36,700,000 | 55,750,000 | |||
Number of extraordinary donations | donation | 2 | 2 | |||
Treasury shares, number of shares amortized (in shares) | 546,239,718 | ||||
Net profit from transaction with treasury shares | € | € 7 | € 23 | € 1 | ||
2021 program, first program | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Treasury shares, percentage of issued share capital | 1.499% | ||||
Purchase of treasury shares (in shares) | 259,930,273 | ||||
Average purchase price of bank shares (in euro per share) | € / shares | € 3.235 | ||||
2021 program, second program | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Purchase of treasury shares (in shares) | 286,309,445 | ||||
2022 program | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Number of shares held (in shares) | 340,406,572 | ||||
Purchase of treasury shares (in shares) | 220,942,806 | ||||
Equity instruments issued (not capital) | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Total equity | € | € 688 | € 658 | 627 | € 598 | |
Other equity instruments | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Total equity | € | 175 | 152 | 163 | 146 | |
Treasury shares | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Total equity | € | € (675) | € (894) | € (69) | € (31) | |
Number of shares held (in shares) | 243,689,025 | 277,591,940 | 28,439,022 |
Memorandum items - Schedule of
Memorandum items - Schedule of contingent commitments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loan commitments granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 274,075 | € 262,737 | € 241,230 |
Loan commitments granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 653 | 615 | 274 |
Financial guarantees granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,856 | 10,758 | 12,377 |
Financial guarantees granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 521 | 188 | 124 |
Financial guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,813 | 10,715 | 12,358 |
Credit derivatives sold | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 43 | 43 | 19 |
Other commitments granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 92,672 | 75,733 | 64,538 |
Other commitments granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 608 | 781 | 548 |
Technical guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 50,508 | 40,158 | 33,526 |
Other | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 42,164 | € 35,575 | € 31,012 |
Memorandum items - Narrative (D
Memorandum items - Narrative (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of contingent liabilities [line items] | |||
Non-managed marketed funds | € 48,379 | € 48,385 | € 38,563 |
Third party debt securities and equity instruments held in custody | 231,263 | 236,153 | 209,269 |
Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 370,729 | 337,113 | 310,435 |
Financial instruments not credit-impaired | Stage 1 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | 331 | 372 | 377 |
Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 7,092 | 10,531 | 6,764 |
Financial instruments not credit-impaired | Stage 2 and 3 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | 191 | 200 | 182 |
Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,782 | 1,584 | 946 |
Financial instruments credit-impaired | Stage 2 and 3 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | € 212 | € 161 | € 141 |
Memorandum items - Schedule o_2
Memorandum items - Schedule of off-balance sheet funds managed by the entity and joint ventures (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 181,880 | € 186,927 | € 168,254 |
Investment funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 142,189 | 145,987 | 131,965 |
Pension funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 14,021 | 16,078 | 15,577 |
Assets under management | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 25,670 | € 24,862 | € 20,712 |
Hedging derivatives - Disclosur
Hedging derivatives - Disclosure of detailed information about hedges (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 386,843 | € 392,948 | € 360,626 |
Fair value hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 214,473 | 206,957 | 199,260 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 190,513 | 176,176 | 181,582 |
Fair value hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 19,412 | 9,326 | 8,434 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 4,492 | 21,238 | 9,037 |
Cash flow hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 149,756 | 160,397 | 139,156 |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 81,626 | 99,648 | 74,731 |
Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 16,175 | 21,609 | 27,021 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 34,973 | € 27,343 | € 23,483 |
IBOR Reform Phase I and II | |||
Disclosure of detailed information about hedges [line items] | |||
Percentage of notional amount affected by IBOR reforms | 6.83% | ||
Percentage of hedged items to notional amount affected by IBR Reforms | 2.17% | ||
IBOR Reform Phase I and II | USD LIBOR | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 29,741 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 9,558 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 17,001 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 201 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 13,907 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 201 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 3,094 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 12,740 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 9,357 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 9,454 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 9,349 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 3,278 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 8 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Exchange rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 8 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 14,879 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 201 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,785 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 201 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 3,094 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,573 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 8,202 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 8,295 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 8,202 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 3,278 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedging instruments with maturity after the transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 26,452 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedging instruments with maturity after the transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 8,403 |
Hedging derivatives - Schedule
Hedging derivatives - Schedule of details of hedging instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | € 386,843 | € 392,948 | € 360,626 |
Carrying amount - Assets | 8,069 | 4,761 | 8,325 |
Carrying amount - liabilities | 9,228 | 5,463 | 6,869 |
Changes in fair value used for calculating hedge ineffectiveness | 364 | (1,783) | 2,124 |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 214,473 | 206,957 | 199,260 |
Carrying amount - Assets | 5,095 | 2,528 | 4,199 |
Carrying amount - liabilities | 4,630 | 2,656 | 4,671 |
Changes in fair value used for calculating hedge ineffectiveness | 3,351 | 1,079 | (451) |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 190,513 | 176,176 | 181,582 |
Carrying amount - Assets | 4,405 | 2,227 | 3,528 |
Carrying amount - liabilities | 4,239 | 1,778 | 3,850 |
Changes in fair value used for calculating hedge ineffectiveness | 2,554 | 591 | (456) |
Fair value hedges | Interest rate risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 87,477 | 66,904 | 94,713 |
Carrying amount - Assets | 2,950 | 1,668 | 2,985 |
Carrying amount - liabilities | 3,203 | 920 | 2,747 |
Changes in fair value used for calculating hedge ineffectiveness | (716) | (377) | (27) |
Fair value hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 88,059 | 97,321 | 69,740 |
Carrying amount - Assets | 1,367 | 1 | 184 |
Carrying amount - liabilities | 623 | 734 | 886 |
Changes in fair value used for calculating hedge ineffectiveness | 3,468 | 714 | (486) |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,492 | 21,238 | 9,037 |
Carrying amount - Assets | 147 | 7 | 293 |
Carrying amount - liabilities | 25 | 423 | 47 |
Changes in fair value used for calculating hedge ineffectiveness | (9) | 287 | 11 |
Fair value hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,745 | 13,909 | 8,422 |
Carrying amount - Assets | 147 | 7 | 210 |
Carrying amount - liabilities | 25 | 423 | 47 |
Changes in fair value used for calculating hedge ineffectiveness | (36) | 22 | 11 |
Fair value hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 747 | 7,329 | |
Carrying amount - Assets | 0 | 0 | |
Carrying amount - liabilities | 0 | 0 | |
Changes in fair value used for calculating hedge ineffectiveness | 27 | 265 | |
Fair value hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 19,412 | 9,326 | 8,434 |
Carrying amount - Assets | 543 | 294 | 378 |
Carrying amount - liabilities | 366 | 452 | 771 |
Changes in fair value used for calculating hedge ineffectiveness | 805 | 200 | (11) |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 905 | 1,650 | |
Carrying amount - Assets | 4 | 12 | |
Carrying amount - liabilities | 80 | 9 | |
Changes in fair value used for calculating hedge ineffectiveness | (79) | (7) | |
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,679 | ||
Carrying amount - Assets | 261 | ||
Carrying amount - liabilities | 0 | ||
Changes in fair value used for calculating hedge ineffectiveness | 922 | ||
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,522 | 7,397 | 7,704 |
Carrying amount - Assets | 266 | 281 | 370 |
Carrying amount - liabilities | 286 | 443 | 757 |
Changes in fair value used for calculating hedge ineffectiveness | (61) | 192 | (4) |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56 | 173 | 207 |
Carrying amount - Assets | 0 | 0 | 0 |
Carrying amount - liabilities | 0 | 2 | 3 |
Changes in fair value used for calculating hedge ineffectiveness | 1 | 1 | 5 |
Fair value hedges | Credit risk | Credit default swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56 | ||
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 0 | ||
Changes in fair value used for calculating hedge ineffectiveness | 1 | ||
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 44 | ||
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 1 | ||
Changes in fair value used for calculating hedge ineffectiveness | 0 | ||
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 149,756 | 160,397 | 139,156 |
Carrying amount - Assets | 2,730 | 2,034 | 3,436 |
Carrying amount - liabilities | 3,767 | 2,157 | 1,739 |
Changes in fair value used for calculating hedge ineffectiveness | (520) | (1,703) | 235 |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 81,626 | 99,648 | 74,731 |
Carrying amount - Assets | 137 | 156 | 478 |
Carrying amount - liabilities | 1,325 | 420 | 522 |
Changes in fair value used for calculating hedge ineffectiveness | (2,461) | (526) | 78 |
Cash flow hedges | Interest rate risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 55,886 | 69,471 | 46,547 |
Carrying amount - Assets | 59 | 70 | 237 |
Carrying amount - liabilities | 1,494 | 155 | 108 |
Changes in fair value used for calculating hedge ineffectiveness | (1,439) | (212) | 135 |
Cash flow hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 20,784 | 16,846 | 12,123 |
Carrying amount - Assets | 49 | 20 | 204 |
Carrying amount - liabilities | (184) | 182 | 7 |
Changes in fair value used for calculating hedge ineffectiveness | (1,151) | (409) | 145 |
Cash flow hedges | Interest rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,027 | 7,652 | 7,492 |
Carrying amount - Assets | 0 | 0 | 0 |
Carrying amount - liabilities | 0 | 0 | 322 |
Changes in fair value used for calculating hedge ineffectiveness | 51 | (155) | (208) |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 34,973 | 27,343 | 23,483 |
Carrying amount - Assets | 1,358 | 396 | 555 |
Carrying amount - liabilities | 746 | 657 | 802 |
Changes in fair value used for calculating hedge ineffectiveness | 1,760 | (112) | (401) |
Cash flow hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10,754 | 8,381 | 9,151 |
Carrying amount - Assets | 267 | 280 | 265 |
Carrying amount - liabilities | 172 | 42 | 195 |
Changes in fair value used for calculating hedge ineffectiveness | 773 | 26 | (155) |
Cash flow hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 20,005 | 15,004 | 13,425 |
Carrying amount - Assets | 951 | 100 | 283 |
Carrying amount - liabilities | 455 | 606 | 600 |
Changes in fair value used for calculating hedge ineffectiveness | 982 | (133) | (103) |
Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,175 | 21,609 | 27,021 |
Carrying amount - Assets | 1,046 | 1,425 | 2,362 |
Carrying amount - liabilities | 292 | 400 | 275 |
Changes in fair value used for calculating hedge ineffectiveness | (80) | (815) | 679 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,361 | 3,604 | 5,218 |
Carrying amount - Assets | 0 | 95 | 262 |
Carrying amount - liabilities | 161 | 2 | 0 |
Changes in fair value used for calculating hedge ineffectiveness | (333) | (112) | 129 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 12,814 | 17,005 | 19,682 |
Carrying amount - Assets | 1,046 | 1,330 | 2,100 |
Carrying amount - liabilities | 131 | 393 | 264 |
Changes in fair value used for calculating hedge ineffectiveness | 249 | (702) | 550 |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,924 | 11,741 | 13,907 |
Carrying amount - Assets | 180 | 52 | 36 |
Carrying amount - liabilities | 1,403 | 679 | 140 |
Changes in fair value used for calculating hedge ineffectiveness | 261 | (247) | (129) |
Cash flow hedges | Inflation risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,096 | 10,503 | 10,206 |
Carrying amount - Assets | 179 | 51 | 26 |
Carrying amount - liabilities | 1,364 | 678 | 136 |
Changes in fair value used for calculating hedge ineffectiveness | 241 | (232) | (132) |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 58 | 56 | 14 |
Carrying amount - Assets | 9 | 5 | 5 |
Carrying amount - liabilities | 1 | 1 | 0 |
Changes in fair value used for calculating hedge ineffectiveness | 0 | (3) | 8 |
Cash flow hedges | Equity risk | Option | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 58 | ||
Carrying amount - Assets | 9 | ||
Carrying amount - liabilities | 1 | ||
Changes in fair value used for calculating hedge ineffectiveness | 0 | ||
Hedges of net investments in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Carrying amount - Assets | 244 | 199 | 690 |
Carrying amount - liabilities | 831 | 650 | 459 |
Changes in fair value used for calculating hedge ineffectiveness | (2,467) | (1,159) | 2,340 |
Hedges of net investments in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Carrying amount - Assets | 244 | 199 | 690 |
Carrying amount - liabilities | 831 | 650 | 459 |
Changes in fair value used for calculating hedge ineffectiveness | (2,467) | (1,159) | 2,340 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Carrying amount - Assets | 244 | 199 | 690 |
Carrying amount - liabilities | 831 | 650 | 459 |
Changes in fair value used for calculating hedge ineffectiveness | € (2,467) | € (1,159) | € 2,340 |
Hedging derivatives - Schedul_2
Hedging derivatives - Schedule of maturity profile of hedging instruments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | € 386,843 | € 392,948 | € 360,626 |
Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 19,019 | 27,317 | 20,056 |
One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 30,406 | 20,340 | 30,936 |
Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 94,209 | 78,813 | 101,855 |
One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 211,876 | 220,577 | 158,387 |
More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 31,333 | 45,901 | 49,392 |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 214,473 | 206,957 | 199,260 |
Fair value hedges | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 6,588 | 5,546 | 7,132 |
Fair value hedges | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,811 | 11,786 | 14,221 |
Fair value hedges | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 37,723 | 45,119 | 44,897 |
Fair value hedges | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 136,223 | 114,828 | 95,343 |
Fair value hedges | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 24,128 | 29,678 | 37,667 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 190,513 | 176,176 | 181,582 |
Fair value hedges | Interest rate risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,120 | 4,324 | 5,616 |
Fair value hedges | Interest rate risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,822 | 9,978 | 9,667 |
Fair value hedges | Interest rate risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 34,074 | 33,873 | 39,921 |
Fair value hedges | Interest rate risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 120,829 | 103,216 | 90,913 |
Fair value hedges | Interest rate risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 21,668 | 24,785 | 35,465 |
Fair value hedges | Interest rate risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 87,477 | 66,904 | 94,713 |
Fair value hedges | Interest rate risk | Interest rate swaps | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,535 | 267 | 3,943 |
Fair value hedges | Interest rate risk | Interest rate swaps | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,005 | 2,138 | 4,804 |
Fair value hedges | Interest rate risk | Interest rate swaps | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,854 | 4,189 | 24,807 |
Fair value hedges | Interest rate risk | Interest rate swaps | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56,868 | 42,398 | 33,333 |
Fair value hedges | Interest rate risk | Interest rate swaps | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,215 | 17,912 | 27,826 |
Fair value hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 88,059 | 97,321 | 69,740 |
Fair value hedges | Interest rate risk | Call money swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,492 | 3,716 | 1,021 |
Fair value hedges | Interest rate risk | Call money swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,039 | 7,527 | 4,662 |
Fair value hedges | Interest rate risk | Call money swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 23,511 | 25,588 | 11,241 |
Fair value hedges | Interest rate risk | Call money swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 54,786 | 56,120 | 49,624 |
Fair value hedges | Interest rate risk | Call money swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,231 | 4,370 | 3,192 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,492 | 21,238 | 9,037 |
Fair value hedges | Exchange rate risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 556 | 598 | 1,516 |
Fair value hedges | Exchange rate risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 741 | 1,712 | 4,264 |
Fair value hedges | Exchange rate risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,448 | 11,013 | 3,257 |
Fair value hedges | Exchange rate risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 5,550 | 0 |
Fair value hedges | Exchange rate risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 747 | 2,365 | 0 |
Fair value hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,745 | 13,909 | 8,422 |
Fair value hedges | Exchange rate risk | Fx forward | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 556 | 598 | 901 |
Fair value hedges | Exchange rate risk | Fx forward | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 741 | 1,712 | 4,264 |
Fair value hedges | Exchange rate risk | Fx forward | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,448 | 11,013 | 3,257 |
Fair value hedges | Exchange rate risk | Fx forward | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 586 | 0 |
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 |
Fair value hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 747 | 7,329 | |
Fair value hedges | Exchange rate risk | Future interest rate | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | |
Fair value hedges | Exchange rate risk | Future interest rate | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | |
Fair value hedges | Exchange rate risk | Future interest rate | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | |
Fair value hedges | Exchange rate risk | Future interest rate | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 4,964 | |
Fair value hedges | Exchange rate risk | Future interest rate | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 747 | 2,365 | |
Fair value hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 19,412 | 9,326 | 8,434 |
Fair value hedges | Interest rate and foreign exchange risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 912 | 624 | 0 |
Fair value hedges | Interest rate and foreign exchange risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 238 | 77 | 282 |
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,193 | 199 | 1,711 |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 15,356 | 5,898 | 4,239 |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,713 | 2,528 | 2,202 |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 905 | 1,650 | |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 405 | 0 | |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 192 | 1,232 | |
Fair value hedges | Interest rate and foreign exchange risk | Interest rate swaps | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 308 | 418 | |
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,679 | ||
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,679 | ||
Fair value hedges | Interest rate and foreign exchange risk | Future interest rate | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,522 | 7,397 | 7,704 |
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 912 | 624 | 0 |
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 238 | 72 | 282 |
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 788 | 198 | 1,711 |
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 6,188 | 4,437 | 3,607 |
Fair value hedges | Interest rate and foreign exchange risk | Currency swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,396 | 2,066 | 2,104 |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56 | 173 | 207 |
Fair value hedges | Credit risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Fair value hedges | Credit risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10 | 19 | 8 |
Fair value hedges | Credit risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8 | 34 | 8 |
Fair value hedges | Credit risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 38 | 120 | 191 |
Fair value hedges | Credit risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Fair value hedges | Credit risk | Credit default swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56 | ||
Fair value hedges | Credit risk | Credit default swaps | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Credit risk | Credit default swaps | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10 | ||
Fair value hedges | Credit risk | Credit default swaps | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8 | ||
Fair value hedges | Credit risk | Credit default swaps | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 38 | ||
Fair value hedges | Credit risk | Credit default swaps | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 44 | ||
Fair value hedges | Inflation risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Inflation risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Inflation risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Fair value hedges | Inflation risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 44 | ||
Fair value hedges | Inflation risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 149,756 | 160,397 | 139,156 |
Cash flow hedges | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10,182 | 17,674 | 10,489 |
Cash flow hedges | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 15,202 | 3,208 | 11,629 |
Cash flow hedges | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 41,514 | 20,459 | 44,127 |
Cash flow hedges | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 75,653 | 102,833 | 61,186 |
Cash flow hedges | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,205 | 16,223 | 11,725 |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 81,626 | 99,648 | 74,731 |
Cash flow hedges | Interest rate risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,546 | 13,047 | 6,019 |
Cash flow hedges | Interest rate risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,424 | 1,061 | 6,707 |
Cash flow hedges | Interest rate risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 30,568 | 9,875 | 33,070 |
Cash flow hedges | Interest rate risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 36,501 | 68,867 | 26,959 |
Cash flow hedges | Interest rate risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,587 | 6,798 | 1,976 |
Cash flow hedges | Interest rate risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 55,886 | 69,471 | 46,547 |
Cash flow hedges | Interest rate risk | Interest rate swaps | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,292 | 2,336 | 806 |
Cash flow hedges | Interest rate risk | Interest rate swaps | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,877 | 310 | 4,626 |
Cash flow hedges | Interest rate risk | Interest rate swaps | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 28,103 | 7,759 | 29,511 |
Cash flow hedges | Interest rate risk | Interest rate swaps | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 20,568 | 58,930 | 11,219 |
Cash flow hedges | Interest rate risk | Interest rate swaps | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 46 | 136 | 385 |
Cash flow hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 20,784 | 16,846 | 12,123 |
Cash flow hedges | Interest rate risk | Call money swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,175 | 1,202 | 0 |
Cash flow hedges | Interest rate risk | Call money swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,471 | 751 | 1,502 |
Cash flow hedges | Interest rate risk | Call money swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,196 | 858 | 1,550 |
Cash flow hedges | Interest rate risk | Call money swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,728 | 7,920 | 7,890 |
Cash flow hedges | Interest rate risk | Call money swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,214 | 6,115 | 1,181 |
Cash flow hedges | Interest rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,027 | 7,652 | 7,492 |
Cash flow hedges | Interest rate risk | Future interest rate | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,027 | 7,097 | 5,213 |
Cash flow hedges | Interest rate risk | Future interest rate | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Future interest rate | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 244 | 0 |
Cash flow hedges | Interest rate risk | Future interest rate | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 311 | 2,279 |
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 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 34,973 | 27,343 | 23,483 |
Cash flow hedges | Exchange rate risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,777 | 3,438 | 1,746 |
Cash flow hedges | Exchange rate risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,295 | 1,348 | 2,336 |
Cash flow hedges | Exchange rate risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,452 | 3,195 | 4,616 |
Cash flow hedges | Exchange rate risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 19,940 | 15,506 | 13,071 |
Cash flow hedges | Exchange rate risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,509 | 3,856 | 1,714 |
Cash flow hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10,754 | 8,381 | 9,151 |
Cash flow hedges | Exchange rate risk | Fx forward | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,996 | 2,406 | 1,532 |
Cash flow hedges | Exchange rate risk | Fx forward | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,487 | 1,309 | 2,243 |
Cash flow hedges | Exchange rate risk | Fx forward | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,982 | 1,947 | 3,040 |
Cash flow hedges | Exchange rate risk | Fx forward | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 4,289 | 2,719 | 2,336 |
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 |
Cash flow hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Future interest rate | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Future interest rate | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Future interest rate | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Future interest rate | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Future interest rate | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Exchange rate risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 20,005 | 15,004 | 13,425 |
Cash flow hedges | Exchange rate risk | Currency swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,313 | 1,032 | 214 |
Cash flow hedges | Exchange rate risk | Currency swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,809 | 39 | 93 |
Cash flow hedges | Exchange rate risk | Currency swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,470 | 1,248 | 1,576 |
Cash flow hedges | Exchange rate risk | Currency swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 13,028 | 9,885 | 9,828 |
Cash flow hedges | Exchange rate risk | Currency swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,385 | 2,800 | 1,714 |
Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,175 | 21,609 | 27,021 |
Cash flow hedges | Interest rate and foreign exchange risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 182 | 860 | 1,691 |
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 509 | 336 | 972 |
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,982 | 5,924 | 5,634 |
Cash flow hedges | Interest rate and foreign exchange risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10,294 | 11,165 | 15,687 |
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,208 | 3,324 | 3,037 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,361 | 3,604 | 5,218 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 816 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 659 | 0 | 981 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,468 | 2,505 | 2,402 |
Cash flow hedges | Interest rate and foreign exchange risk | Interest rate swaps | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 234 | 1,099 | 1,019 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 12,814 | 17,005 | 19,682 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 182 | 860 | 875 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 509 | 336 | 972 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,323 | 5,924 | 4,653 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,826 | 7,660 | 11,164 |
Cash flow hedges | Interest rate and foreign exchange risk | Currency swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 974 | 2,225 | 2,018 |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,924 | 11,741 | 13,907 |
Cash flow hedges | Inflation risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 677 | 329 | 1,033 |
Cash flow hedges | Inflation risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,974 | 463 | 1,614 |
Cash flow hedges | Inflation risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,505 | 1,463 | 807 |
Cash flow hedges | Inflation risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,870 | 7,246 | 5,456 |
Cash flow hedges | Inflation risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,898 | 2,240 | 4,997 |
Cash flow hedges | Inflation risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Fx forward | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Fx forward | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Fx forward | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Fx forward | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Fx forward | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | |||
Cash flow hedges | Inflation risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,096 | 10,503 | 10,206 |
Cash flow hedges | Inflation risk | Currency swap | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 483 | 82 | 33 |
Cash flow hedges | Inflation risk | Currency swap | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 951 | 339 | 181 |
Cash flow hedges | Inflation risk | Currency swap | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,895 | 597 | 229 |
Cash flow hedges | Inflation risk | Currency swap | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,869 | 7,245 | 4,766 |
Cash flow hedges | Inflation risk | Currency swap | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,898 | 2,240 | 4,997 |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 58 | 56 | 14 |
Cash flow hedges | Equity risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Cash flow hedges | Equity risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7 | 2 | 0 |
Cash flow hedges | Equity risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 48 | 49 | 13 |
Cash flow hedges | Equity risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3 | 5 | 1 |
Cash flow hedges | Equity risk | Option | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 58 | ||
Cash flow hedges | Equity risk | Option | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Cash flow hedges | Equity risk | Option | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | ||
Cash flow hedges | Equity risk | Option | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7 | ||
Cash flow hedges | Equity risk | Option | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 48 | ||
Cash flow hedges | Equity risk | Option | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3 | ||
Hedges of net investments in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Hedges of net investments in foreign operations | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,249 | 4,097 | 2,435 |
Hedges of net investments in foreign operations | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,393 | 5,346 | 5,086 |
Hedges of net investments in foreign operations | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,972 | 13,235 | 12,831 |
Hedges of net investments in foreign operations | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 2,916 | 1,858 |
Hedges of net investments in foreign operations | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Hedges of net investments in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Hedges of net investments in foreign operations | Exchange rate risk | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,249 | 4,097 | 2,435 |
Hedges of net investments in foreign operations | Exchange rate risk | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,393 | 5,346 | 5,086 |
Hedges of net investments in foreign operations | Exchange rate risk | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,972 | 13,235 | 12,831 |
Hedges of net investments in foreign operations | Exchange rate risk | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 2,916 | 1,858 |
Hedges of net investments in foreign operations | Exchange rate risk | More than five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 0 | 0 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 22,614 | 25,594 | 22,210 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | Up to one month | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,249 | 4,097 | 2,435 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | One to three months | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,393 | 5,346 | 5,086 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | Three months to one year | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 14,972 | 13,235 | 12,831 |
Hedges of net investments in foreign operations | Exchange rate risk | Fx forward | One year to five years | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 0 | 2,916 | 1,858 |
Hedges of net investments 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 |
Hedging derivatives - Schedul_3
Hedging derivatives - Schedule of average interest and exchange rate of hedging instruments by maturity (Details) € in Millions | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2022 EUR (€) £ / € | Dec. 31, 2022 EUR (€) £ / $ | Dec. 31, 2022 EUR (€) £ / ¥ | Dec. 31, 2022 EUR (€) £ / SFr | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) ¥ / € | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) Kč / € | Dec. 31, 2022 EUR (€) € / £ | Dec. 31, 2022 EUR (€) € / $ | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) ¥ / € | Dec. 31, 2022 EUR (€) kr / € | Dec. 31, 2022 EUR (€) RON / € | Dec. 31, 2022 EUR (€) SFr / € | Dec. 31, 2022 EUR (€) $ / $ | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) $ / $ | Dec. 31, 2022 EUR (€) € / S/ | Dec. 31, 2022 EUR (€) € / $ | Dec. 31, 2022 EUR (€) R$ / € | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) $ / € | Dec. 31, 2022 EUR (€) zł / € | Dec. 31, 2021 EUR (€) £ / € | Dec. 31, 2021 EUR (€) £ / $ | Dec. 31, 2021 EUR (€) £ / ¥ | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) ¥ / € | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) Kč / € | Dec. 31, 2021 EUR (€) € / £ | Dec. 31, 2021 EUR (€) € / $ | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) ¥ / € | Dec. 31, 2021 EUR (€) kr / € | Dec. 31, 2021 EUR (€) RON / € | Dec. 31, 2021 EUR (€) SFr / € | Dec. 31, 2021 EUR (€) $ / $ | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) $ / $ | Dec. 31, 2021 EUR (€) € / S/ | Dec. 31, 2021 EUR (€) € / $ | Dec. 31, 2021 EUR (€) R$ / € | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) $ / € | Dec. 31, 2021 EUR (€) zł / € | Dec. 31, 2021 EUR (€) S/ / $ | Dec. 31, 2021 EUR (€) $ / $ | Dec. 31, 2021 EUR (€) € / $ | Dec. 31, 2021 EUR (€) $ / $ | Dec. 31, 2020 EUR (€) £ / € | Dec. 31, 2020 EUR (€) £ / $ | Dec. 31, 2020 EUR (€) £ / ¥ | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) ¥ / € | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) Kč / € | Dec. 31, 2020 EUR (€) € / £ | Dec. 31, 2020 EUR (€) € / $ | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) ¥ / € | Dec. 31, 2020 EUR (€) kr / € | Dec. 31, 2020 EUR (€) RON / € | Dec. 31, 2020 EUR (€) SFr / € | Dec. 31, 2020 EUR (€) $ / $ | Dec. 31, 2020 EUR (€) $ / $ | Dec. 31, 2020 EUR (€) R$ / € | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) $ / € | Dec. 31, 2020 EUR (€) zł / € | Dec. 31, 2020 EUR (€) $ / $ | Dec. 31, 2020 EUR (€) ر.س / € | |
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 386,843 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 |
Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 19,019 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 |
One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 30,406 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 |
Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 94,209 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 |
One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 211,876 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 |
More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 31,333 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 |
Fair value hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 214,473 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 |
Fair value hedges | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 6,588 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 |
Fair value hedges | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 9,811 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 |
Fair value hedges | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 37,723 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 |
Fair value hedges | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 136,223 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 |
Fair value hedges | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 24,128 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 |
Fair value hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 190,513 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 |
Fair value hedges | Interest rate risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 87,529 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 |
Fair value hedges | Interest rate risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 37,552 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 |
Fair value hedges | Interest rate risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 5,120 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 2,492 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 1,032 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Up to one month | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 0.569% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Up to one month | Banco Santander, S.A. | JPY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Up to one month | Banco Santander, S.A. | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Up to one month | Banco Santander, S.A. | NOK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Up to one month | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Up to one month | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 2.892% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 8,822 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 |
Fair value hedges | Interest rate risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 5,039 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 |
Fair value hedges | Interest rate risk | One to three months | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Fair value hedges | Interest rate risk | One to three months | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
Fair value hedges | Interest rate risk | One to three months | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,248 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | One to three months | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | (0.406%) | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | One to three months | Banco Santander, S.A. | JPY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | One to three months | Banco Santander, S.A. | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | One to three months | Banco Santander, S.A. | NOK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | One to three months | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | 1.073% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 3.123% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 34,074 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 24,447 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 2,348 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Three months to one year | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | 0.278% | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Three months to one year | Banco Santander, S.A. | JPY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Three months to one year | Banco Santander, S.A. | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Three months to one year | Banco Santander, S.A. | NOK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Three months to one year | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Three months to one year | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.835% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 120,829 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 51,257 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 24,115 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 2.396% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 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% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | JPY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | NOK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | One year to five years | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | One year to five years | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 3.181% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% |
Fair value hedges | Interest rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 21,668 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 |
Fair value hedges | Interest rate risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 4,294 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 |
Fair value hedges | Interest rate risk | More than five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
Fair value hedges | Interest rate risk | More than five years | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
Fair value hedges | Interest rate risk | More than five years | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 8,809 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.674% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | CHF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | JPY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | More than five years | Banco Santander, S.A. | CZK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | More than five years | Banco Santander, S.A. | NOK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | 2.327% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | More than five years | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | RON | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 4,492 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 21,238 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 | € 9,037 |
Fair value hedges | Exchange rate risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 3,213 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 |
Fair value hedges | Exchange rate risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 556 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 |
Fair value hedges | Exchange rate risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 250 | 250 | 250 | 250 | € 250 | € 250 | € 250 | € 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | € 503 | 503 | 503 | € 503 | € 503 | 503 | 503 | 503 | 503 | 503 | 503 | € 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | € 503 | 503 | 503 | 503 | € 833 | 833 | 833 | € 833 | € 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | € 833 | € 833 |
Average foreign exchange rate | 0 | 1.040 | 7.172 | 0 | 0 | 0 | 1.187 | 7.859 | 132.688 | 0 | 0 | 1.165 | 8.108 | 3,628.14 | 4.484 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 741 | 741 | 741 | 741 | € 741 | € 741 | € 741 | € 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | 741 | € 1,712 | 1,712 | 1,712 | € 1,712 | € 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | € 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | € 1,712 | 1,712 | 1,712 | 1,712 | € 4,264 | 4,264 | 4,264 | € 4,264 | € 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | € 4,264 | € 4,264 |
Fair value hedges | Exchange rate risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 899 | 899 | 899 | 899 | € 899 | € 899 | € 899 | € 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | 899 | € 1,634 | 1,634 | 1,634 | € 1,634 | € 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | € 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | € 1,634 | 1,634 | 1,634 | 1,634 | € 4,149 | 4,149 | 4,149 | € 4,149 | € 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | € 4,149 | € 4,149 |
Average foreign exchange rate | 0 | 0 | 7.252 | 1.587 | 21.529 | 0.882 | 1.172 | 7.717 | 130.741 | 4.003 | 0.901 | 1.171 | 8.102 | 3,603.595 | 4.514 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,448 | 2,448 | 2,448 | 2,448 | € 2,448 | € 2,448 | € 2,448 | € 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | € 11,013 | 11,013 | 11,013 | € 11,013 | € 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | € 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | € 11,013 | 11,013 | 11,013 | 11,013 | € 3,257 | 3,257 | 3,257 | € 3,257 | € 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | € 3,257 | € 3,257 |
Fair value hedges | Exchange rate risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,064 | 2,064 | 2,064 | 2,064 | € 2,064 | € 2,064 | € 2,064 | € 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | 2,064 | € 10,350 | 10,350 | 10,350 | € 10,350 | € 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | € 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | € 10,350 | 10,350 | 10,350 | 10,350 | € 3,008 | 3,008 | 3,008 | € 3,008 | € 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | € 3,008 | € 3,008 |
Average foreign exchange rate | 0.877 | 0.992 | 7.159 | 0 | 0 | 0.865 | 1.180 | 7.412 | 0 | 0 | 0.916 | 1.178 | 7.997 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | One year to 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 | € 5,550 | 5,550 | 5,550 | € 5,550 | € 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | € 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | € 5,550 | 5,550 | 5,550 | 5,550 | € 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 | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 586 | 586 | 586 | € 586 | € 586 | 586 | 586 | 586 | 586 | 586 | 586 | € 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | € 586 | 586 | 586 | 586 | € 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0.876 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 747 | 747 | 747 | 747 | € 747 | € 747 | € 747 | € 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | 747 | € 2,365 | 2,365 | 2,365 | € 2,365 | € 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | € 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | € 2,365 | 2,365 | 2,365 | 2,365 | € 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 | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 19,412 | 19,412 | 19,412 | 19,412 | € 19,412 | € 19,412 | € 19,412 | € 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | 19,412 | € 9,326 | 9,326 | 9,326 | € 9,326 | € 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | € 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | € 9,326 | 9,326 | 9,326 | 9,326 | € 8,434 | 8,434 | 8,434 | € 8,434 | € 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | € 8,434 | € 8,434 |
Fair value hedges | Interest rate and foreign exchange risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 911 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 |
Fair value hedges | Interest rate and foreign exchange risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 6,806 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 |
Fair value hedges | Interest rate and foreign exchange risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 912 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 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 foreign exchange risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Up to one month | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 912 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 1.499 | 0 | 0 | 0 | 0 | 133.840 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | CZK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | RON/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | HKD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | JPY/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | NOK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | CHF/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | EUR/GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | NZD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | URD/MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | EUR/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | COP/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | EUR/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 238 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 |
Fair value hedges | Interest rate and foreign exchange risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One to three months | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 38 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 |
Average foreign exchange rate | 0 | 0 | 1.162 | 0 | 0 | 0 | 0 | 4.746 | 0 | 0 | 0 | 0 | 0 | 0 | 1.176 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.113 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One to three months | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | CZK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | RON/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 4.52% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | HKD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | JPY/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | NOK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | CHF/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | EUR/GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | 5.17% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One to three months | Banco Santander, S.A. | NZD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | URD/MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | EUR/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | COP/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | EUR/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 1,193 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 |
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 74 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 |
Average foreign exchange rate | 1.212 | 0 | 1.205 | 1.141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% |
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 1,101 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 |
Average foreign exchange rate | 0 | 25.407 | 0 | 0 | 0 | 0 | 0 | 0 | 1.092 | 0 | 0 | 0.051 | 0 | 14.696 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113.370 | 0 | 0 | 0 | 0.001 | 0.050 | 3,437.2 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | CZK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | RON/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | HKD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | JPY/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% |
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | NOK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | CHF/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | EUR/GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | NZD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | URD/MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | 12.982% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 15.452% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% |
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | EUR/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | COP/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | EUR/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 15,356 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 821 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 |
Average foreign exchange rate | 1.157 | 1.186 | 1.159 | 1.170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | 4.63% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,767 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 |
Average foreign exchange rate | 1.499 | 25.677 | 0 | 0.945 | 8.851 | 130.227 | 9.492 | 4.842 | 1.105 | 0.001 | 0 | 0 | 1.499 | 0 | 25.506 | 0 | 0.891 | 8.782 | 132.966 | 0 | 4.815 | 1.092 | 0.001 | 0 | 0.050 | 0 | 0 | 0 | 1.499 | 14.696 | 25.539 | 0 | 0.891 | 8.782 | 133.840 | 0 | 4.727 | 1.092 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | CZK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | RON/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 5.13% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | HKD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 258% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | JPY/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 1.442% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | NOK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 3.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | CHF/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | EUR/GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | NZD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | URD/MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 13.614% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% |
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | EUR/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | |||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | COP/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | EUR/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 1,713 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 16 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 |
Average foreign exchange rate | 1.100 | 0 | 1.171 | 1.167 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Santander UK | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Santander UK | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 988 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 |
Average foreign exchange rate | 1.545 | 0 | 0 | 0 | 0 | 118.180 | 9.685 | 4.927 | 0 | 0 | 1.666 | 0 | 1.529 | 0 | 0 | 0 | 0 | 0 | 126.605 | 9.606 | 4.927 | 1.105 | 0 | 1.666 | 0 | 0 | 0 | 0 | 1.508 | 0 | 0 | 0 | 0 | 0 | 125.883 | 9.606 | 0 | 1.105 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 3.824% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | CZK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | RON/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | HKD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | JPY/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | NOK/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.762% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | CHF/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | EUR/GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | NZD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | URD/MXN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% |
Fair value hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | EUR/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | COP/USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | EUR/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | USD/CLP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 173 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 |
Fair value hedges | Credit risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
Fair value hedges | Credit risk | Up to one 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Fair value hedges | Credit risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Fair value hedges | Credit risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Fair value hedges | Credit risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Fair value hedges | Credit risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 |
Fair value hedges | Credit risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Inflation risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Up to one 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | One to three 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 149,756 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 |
Cash flow hedges | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 10,182 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 |
Cash flow hedges | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 15,202 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 |
Cash flow hedges | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 41,514 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 |
Cash flow hedges | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 75,653 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 |
Cash flow hedges | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 7,205 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 |
Cash flow hedges | Interest rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 81,626 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 |
Cash flow hedges | Interest rate risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 21,775 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 |
Cash flow hedges | Interest rate risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 28,203 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 |
Cash flow hedges | Interest rate risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 |
Cash flow hedges | Interest rate risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,175 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 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 | Up to one month | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 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 | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 2,250 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 |
Cash flow hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | (0.431%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | Up to one month | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | Up to one month | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 7,424 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 |
Cash flow hedges | Interest rate risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 2,471 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 |
Cash flow hedges | Interest rate risk | One to three months | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% |
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 4,500 | € 0 | € 0 | € 0 | € 0 | € 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 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 |
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | (0.404%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) |
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | One to three months | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 30,568 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 |
Cash flow hedges | Interest rate risk | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 2,188 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 |
Cash flow hedges | Interest rate risk | Three months to one year | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 11,453 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 |
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.348%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) |
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | Three months to one year | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | ||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 36,501 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 |
Cash flow hedges | Interest rate risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 14,728 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 |
Cash flow hedges | Interest rate risk | One year to five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 10,000 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 |
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.01%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) |
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | ||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 1,587 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 |
Cash flow hedges | Interest rate risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 1,213 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 |
Cash flow hedges | Interest rate risk | More than five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | More than five years | Banco Santander, S.A. | AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | More than five years | Banco Santander, S.A. | USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 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 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 34,973 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 27,343 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 | € 23,483 |
Cash flow hedges | Exchange rate risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 26,303 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 |
Cash flow hedges | Exchange rate risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,777 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 |
Cash flow hedges | Exchange rate risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,063 | € 3,063 | € 3,063 | € 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | 3,063 | € 3,218 | € 3,218 | € 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | € 1,602 | € 1,602 | € 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 |
Average foreign exchange rate | 0 | 1.224 | 0 | 0 | 1.165 | 1.344 | 0 | 0 | 1.293 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11 | € 11 | € 11 | € 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | £ / € | 1.156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | 4,295 | € 1,348 | € 1,348 | € 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | € 2,336 | € 2,336 | € 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 |
Cash flow hedges | Exchange rate risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,536 | € 3,536 | € 3,536 | € 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | 3,536 | € 1,114 | € 1,114 | € 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | € 2,244 | € 2,244 | € 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 |
Average foreign exchange rate | 0 | 1.253 | 157.450 | 1.131 | 0 | 1.342 | 142.905 | 0 | 1.316 | 137.977 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 22 | € 22 | € 22 | € 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | £ / € | 1.153 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | 4,452 | € 3,195 | € 3,195 | € 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | € 4,616 | € 4,616 | € 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 |
Cash flow hedges | Exchange rate risk | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,685 | € 2,685 | € 2,685 | € 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | 2,685 | € 2,448 | € 2,448 | € 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | € 4,317 | € 4,317 | € 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 |
Average foreign exchange rate | 1.123 | 1.171 | 160.039 | 0 | 1.185 | 1.332 | 148.856 | 0 | 1.323 | 135.607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 99 | € 99 | € 99 | € 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | £ / € | 1.142 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | 19,940 | € 15,506 | € 15,506 | € 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | € 13,071 | € 13,071 | € 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 |
Cash flow hedges | Exchange rate risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 14,583 | € 14,583 | € 14,583 | € 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | 14,583 | € 10,897 | € 10,897 | € 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | € 8,328 | € 8,328 | € 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 |
Average foreign exchange rate | 1.181 | 1.314 | 0 | 0 | 1.159 | 1.339 | 0 | 1.163 | 1.304 | 132.271 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | £ / € | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | € 3,856 | € 3,856 | € 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | € 1,714 | € 1,714 | € 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 |
Cash flow hedges | Exchange rate risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,436 | € 2,436 | € 2,436 | € 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | 2,436 | € 3,584 | € 3,584 | € 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | € 1,246 | € 1,246 | € 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 |
Average foreign exchange rate | 1.165 | 1.388 | 0 | 0 | 1.174 | 1.388 | 0 | 1.179 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | £ / € | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | 16,175 | € 21,609 | € 21,609 | € 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | € 27,021 | € 27,021 | € 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 |
Cash flow hedges | Interest rate and foreign exchange risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 10,572 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 |
Cash flow hedges | Interest rate and foreign exchange risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 2,235 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 |
Cash flow hedges | Interest rate and foreign exchange risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 |
Cash flow hedges | Interest rate and foreign exchange risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 |
Average foreign exchange rate | 0 | 0 | 1.277 | 0 | 0 | 1.465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | Up to one month | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
Cash flow hedges | Interest rate and foreign exchange risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | EUR/PEN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | EUR/AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Up to one month | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 509 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | 972 | 972 | 972 | 972 | 972 | € 972 | 972 | 972 | € 972 | € 972 | 972 | € 972 | 972 | € 972 | € 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 |
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 3 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.654 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.624 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | Banco Santander, S.A. | EUR/PEN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One to three months | Banco Santander, S.A. | EUR/AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 3.207% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | |||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One to three months | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 3,982 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | € 5,634 | 5,634 | 5,634 | € 5,634 | € 5,634 | 5,634 | € 5,634 | 5,634 | € 5,634 | € 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 |
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,983 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 |
Average foreign exchange rate | 1.185 | 1.604 | 1.386 | 0 | 1.354 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 597 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 |
Average foreign exchange rate | 0 | 0 | 1.084 | 0 | 0 | 0 | 0 | 0.252 | 0 | 0 | 0 | 1.102 | 0 | 0 | 0 | 0 | 0 | 0.208 | 0 | 0 | 1.080 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | 15.398% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | EUR/PEN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 6.496% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | |||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | Three months to one year | Banco Santander, S.A. | EUR/AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | Three months to one year | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 10,294 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | € 15,687 | 15,687 | 15,687 | € 15,687 | € 15,687 | 15,687 | € 15,687 | 15,687 | € 15,687 | € 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 |
Cash flow hedges | Interest rate and foreign exchange risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 7,621 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 |
Average foreign exchange rate | 1.210 | 1.503 | 1.202 | 1.609 | 1.253 | 1.609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One year to five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% |
Cash flow hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,451 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 |
Average foreign exchange rate | 1.604 | 26.131 | 1.173 | 120.568 | 0 | 4.885 | 1.102 | 0 | 0 | 1.604 | 26.131 | 1.113 | 0.882 | 120.568 | 0 | 4.885 | 0 | 0 | 0 | 1.625 | 1.102 | 0.882 | 120.568 | 4.810 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | One year to five years | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | EUR/PEN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | EUR/AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | One year to five years | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | |||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 1,208 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | € 3,037 | 3,037 | 3,037 | € 3,037 | € 3,037 | 3,037 | € 3,037 | 3,037 | € 3,037 | € 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 |
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 968 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 |
Average foreign exchange rate | 1.196 | 1.537 | 1.200 | 1.381 | 1.197 | 1.381 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | Santander UK | GBP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 4.59% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% |
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 184 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 |
Average foreign exchange rate | 1.562 | 0 | 0 | 0 | 10.242 | 0 | 0 | 0 | 0 | 1.562 | 0 | 0 | 0 | 0 | 10.242 | 0 | 1.102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.102 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and foreign exchange risk | More than five years | Banco Santander, S.A. | USD/COP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | EUR/PEN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | EUR/AUD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 foreign exchange risk | More than five years | Banco Santander, S.A. | AUD/EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 58 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | € 56 | 14 | 14 | 14 | 14 | 14 | € 14 | 14 | 14 | € 14 | € 14 | 14 | € 14 | 14 | € 14 | € 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Cash flow hedges | Equity risk | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Equity risk | Up to one 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Up to one month | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Equity risk | One to three 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | One to three months | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Equity risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 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 | Three months to one year | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Equity risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Cash flow hedges | Equity risk | One year to five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Equity risk | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Cash flow hedges | Equity risk | More than five years | Santander UK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 16,924 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 |
Cash flow hedges | Inflation risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 677 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 |
Cash flow hedges | Inflation risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Up to one month | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | € 2,974 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 |
Cash flow hedges | Inflation risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | One to three months | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | € 2,505 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 |
Cash flow hedges | Inflation risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | € 700 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Three months to one year | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | 0.322% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | One year to five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | € 8,870 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 |
Cash flow hedges | Inflation risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | One year to five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 | More than five years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | € 1,898 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 |
Cash flow hedges | Inflation risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | More than five years | Banco Santander, S.A. | EUR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0% | 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 investments in foreign operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | € 22,614 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 |
Hedges of net investments in foreign operations | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 |
Hedges of net investments in foreign operations | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | € 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | € 2,229 | € 2,229 | € 2,229 | € 2,229 | 2,229 | 2,229 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.909 | 23.121 | 5.270 | 869.633 | 0 | 4.427 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | € 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | € 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | € 5,086 | € 5,086 | € 5,086 | € 5,086 | 5,086 | 5,086 |
Hedges of net investments in foreign operations | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | € 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | € 4,554 | € 4,554 | € 4,554 | € 4,554 | 4,554 | 4,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.916 | 25.456 | 5.308 | 861.546 | 0 | 4.420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | € 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | € 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | € 12,831 | € 12,831 | € 12,831 | € 12,831 | 12,831 | 12,831 |
Hedges of net investments in foreign operations | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | € 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | € 11,570 | € 11,570 | € 11,570 | € 11,570 | 11,570 | 11,570 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.907 | 26.788 | 6.332 | 864.339 | 4.471 | 4.516 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | One year to 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 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | € 1,858 | € 1,858 | € 1,858 | 1,858 | 1,858 |
Hedges of net investments in foreign operations | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | € 1,858 | € 1,858 | € 1,858 | 1,858 | 1,858 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 932.215 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 |
Hedges of net investments in foreign operations | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Exchange rate risk | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 22,614 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | € 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | € 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | € 22,210 | € 22,210 | € 22,210 | € 22,210 | 22,210 | 22,210 |
Hedges of net investments in foreign operations | Exchange rate risk | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 20,570 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | |||||||||||||||||||||||
Hedges of net investments in foreign operations | Exchange rate risk | Up to one month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 2,249 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 |
Hedges of net investments in foreign operations | Exchange rate risk | Up to one month | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,020 | 2,020 | 2,020 | 2,020 | € 2,020 | 2,020 | 2,020 | € 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | 2,020 | € 2,020 | € 2,020 | € 2,020 | € 2,020 | € 3,778 | 3,778 | 3,778 | € 3,778 | 3,778 | 3,778 | € 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | € 3,778 | € 3,778 | € 3,778 | € 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | |||||||||||||||||||||||
Average foreign exchange rate | 0.869 | 0 | 25.130 | 6.554 | 953.549 | 0 | 4.832 | 0.854 | 0 | 25.541 | 6.663 | 943.354 | 0 | 4.592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Exchange rate risk | One to three months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,393 | 5,393 | 5,393 | 5,393 | € 5,393 | 5,393 | 5,393 | € 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | 5,393 | € 5,393 | € 5,393 | € 5,393 | € 5,393 | € 5,346 | 5,346 | 5,346 | € 5,346 | 5,346 | 5,346 | € 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | € 5,346 | € 5,346 | € 5,346 | € 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 |
Hedges of net investments in foreign operations | Exchange rate risk | One to three months | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,711 | 4,711 | 4,711 | 4,711 | € 4,711 | 4,711 | 4,711 | € 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | 4,711 | € 4,711 | € 4,711 | € 4,711 | € 4,711 | € 4,848 | 4,848 | 4,848 | € 4,848 | 4,848 | 4,848 | € 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | € 4,848 | € 4,848 | € 4,848 | € 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | |||||||||||||||||||||||
Average foreign exchange rate | 0.873 | 0 | 23.968 | 5.797 | 955.790 | 4,935.121 | 4.837 | 0.857 | 0 | 25.335 | 6.7576 | 929.690 | 0 | 4.582 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Exchange rate risk | Three months to one year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 14,972 | 14,972 | 14,972 | 14,972 | € 14,972 | 14,972 | 14,972 | € 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | 14,972 | € 14,972 | € 14,972 | € 14,972 | € 14,972 | € 13,235 | 13,235 | 13,235 | € 13,235 | 13,235 | 13,235 | € 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | € 13,235 | € 13,235 | € 13,235 | € 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 |
Hedges of net investments in foreign operations | Exchange rate risk | Three months to one year | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 13,839 | 13,839 | 13,839 | 13,839 | € 13,839 | 13,839 | 13,839 | € 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | 13,839 | € 13,839 | € 13,839 | € 13,839 | € 13,839 | € 11,815 | 11,815 | 11,815 | € 11,815 | 11,815 | 11,815 | € 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | € 11,815 | € 11,815 | € 11,815 | € 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | |||||||||||||||||||||||
Average foreign exchange rate | 0.876 | 1.158 | 22.156 | 5.866 | 944.113 | 0 | 4.991 | 0.855 | 1.167 | 25.192 | 6.8411 | 949.615 | 4,538.997 | 4.634 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments in foreign operations | Exchange rate risk | One year to 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 | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | € 2,916 | € 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 |
Hedges of net investments in foreign operations | Exchange rate risk | One year to five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | € 2,916 | € 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | |||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.875 | 1.233 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investments 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 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Hedges of net investments in foreign operations | Exchange rate risk | More than five years | Banco Santander, S.A. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedging derivatives - Schedul_4
Hedging derivatives - Schedule of details of hedged exposure/hedged items (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | € 149,279 | € 219,543 | € 163,818 |
Carrying amount of hedged items - Liabilities | 59,837 | 51,395 | 52,055 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (5,487) | 462 | 3,369 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | (3,581) | 453 | 2,914 |
Change in fair value of hedged item for ineffectiveness assessment | (290) | 1,737 | (2,073) |
Cash flow hedge/currency translation reserve - Continuing hedges | (10,103) | (4,697) | (2,715) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (225) | (148) | (33) |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 126,665 | 193,949 | 141,608 |
Carrying amount of hedged items - Liabilities | 59,837 | 51,395 | 52,055 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (5,487) | 462 | 3,369 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | (3,581) | 453 | 2,914 |
Change in fair value of hedged item for ineffectiveness assessment | (3,232) | (1,061) | 553 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 121,605 | 125,479 | 128,279 |
Carrying amount of hedged items - Liabilities | 53,239 | 47,347 | 48,137 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (5,069) | 727 | 3,183 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | (3,428) | 366 | 2,727 |
Change in fair value of hedged item for ineffectiveness assessment | (2,397) | (543) | 469 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 2,792 | 64,531 | 8,718 |
Carrying amount of hedged items - Liabilities | 1,040 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (284) | (282) | 40 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (7) | (343) | (13) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 2,126 | 3,714 | 4,391 |
Carrying amount of hedged items - Liabilities | 5,558 | 4,048 | 3,918 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (134) | 15 | 143 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | (153) | 87 | 187 |
Change in fair value of hedged item for ineffectiveness assessment | (826) | (173) | 100 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 0 | 46 | 0 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 | (4) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 142 | 179 | 220 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 0 | 2 | 3 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (2) | (2) | (3) |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 475 | 1,639 | (286) |
Cash flow hedge/currency translation reserve - Continuing hedges | (3,353) | (414) | 409 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (225) | (148) | (33) |
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 | 2,458 | 494 | (69) |
Cash flow hedge/currency translation reserve - Continuing hedges | (2,973) | (540) | (98) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (75) | (52) | (1) |
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 | (1,764) | 115 | 412 |
Cash flow hedge/currency translation reserve - Continuing hedges | (88) | 81 | (68) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (2) | 8 | 0 |
Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 39 | 778 | (741) |
Cash flow hedge/currency translation reserve - Continuing hedges | (309) | 330 | 680 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 1 | 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 | (258) | 249 | 121 |
Cash flow hedge/currency translation reserve - Continuing hedges | 14 | (289) | (111) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (149) | (104) | (32) |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 0 | 3 | (9) |
Cash flow hedge/currency translation reserve - Continuing hedges | 3 | 4 | 6 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Net foreign investments hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 22,614 | 25,594 | 22,210 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 2,467 | 1,159 | (2,340) |
Cash flow hedge/currency translation reserve - Continuing hedges | (6,750) | (4,283) | (3,124) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Net foreign investments hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 22,614 | 25,594 | 22,210 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 2,467 | 1,159 | (2,340) |
Cash flow hedge/currency translation reserve - Continuing hedges | (6,750) | (4,283) | (3,124) |
Cash flow hedge/currency translation reserve- Discontinued hedges | € 0 | € 0 | € 0 |
Hedging derivatives - Narrative
Hedging derivatives - Narrative (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedges [abstract] | |||
Macro cash flows hedge, position | € 28,200 | ||
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 | € 756 | € 460 | € 729 |
Hedging derivatives - Schedul_5
Hedging derivatives - Schedule of effectiveness of hedging, impacts on profit or loss and other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | € (5,483) | € (2,097) | € 2,287 |
Ineffective recognised in the income statement | 74 | (46) | 51 |
Reclassified amount of reserves to the income statement | 1,254 | (801) | 852 |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective recognised in the income statement | 119 | 18 | 104 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective recognised in the income statement | 155 | 46 | 9 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective recognised in the income statement | (16) | (55) | 1 |
Fair value hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective recognised in the income statement | (20) | 27 | 92 |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective recognised in the income statement | 2 | ||
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (3,016) | (938) | (53) |
Ineffective recognised in the income statement | (45) | (64) | (53) |
Reclassified amount of reserves to the income statement | 1,254 | (801) | 852 |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (2,458) | (491) | 69 |
Ineffective recognised in the income statement | 1 | (34) | 7 |
Reclassified amount of reserves to the income statement | (370) | 269 | 118 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (178) | 155 | (180) |
Ineffective recognised in the income statement | (10) | 2 | 9 |
Reclassified amount of reserves to the income statement | 2,130 | (262) | (131) |
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (638) | (350) | 170 |
Ineffective recognised in the income statement | (39) | (35) | (62) |
Reclassified amount of reserves to the income statement | 587 | (350) | 844 |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | 258 | (249) | (121) |
Ineffective recognised in the income statement | 3 | 3 | (7) |
Reclassified amount of reserves to the income statement | (1,093) | (458) | 21 |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | 0 | (3) | 9 |
Ineffective recognised in the income statement | 0 | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 | 0 |
Net foreign investments hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (2,467) | (1,159) | 2,340 |
Ineffective recognised in the income statement | 0 | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 | 0 |
Net foreign investments hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings/(losses) recognised in another cumulative overall result | (2,467) | (1,159) | 2,340 |
Ineffective recognised in the income statement | 0 | 0 | 0 |
Reclassified amount of reserves to the income statement | € 0 | € 0 | € 0 |
Hedging derivatives - Schedul_6
Hedging derivatives - Schedule of movement in hedging components in other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Balance at beginning of year | € (4,559) | € (2,829) | € (5,164) |
Earnings (losses) recognized in other comprehensive income | (5,483) | (2,097) | 2,287 |
Amounts transferred to income statements | (1,254) | 801 | (852) |
Taxes | 912 | 278 | 5 |
Balance at end of year | (9,187) | (4,559) | (2,829) |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (3,016) | (938) | (53) |
Amounts transferred to income statements | (1,254) | 801 | (852) |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (2,458) | (491) | 69 |
Amounts transferred to income statements | 370 | (269) | (118) |
Gain or loss in value CFE - recognized in equity | (2,828) | (222) | 187 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (178) | 155 | (180) |
Amounts transferred to income statements | (2,130) | 262 | 131 |
Gain or loss in value CFE - recognized in equity | 1,952 | (107) | (311) |
Cash flow hedges | Interest rate and foreign exchange risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (638) | (350) | 170 |
Amounts transferred to income statements | (587) | 350 | (844) |
Gain or loss in value CFE - recognized in equity | (51) | (700) | 1,014 |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 258 | (249) | (121) |
Amounts transferred to income statements | 1,093 | 458 | (21) |
Gain or loss in value CFE - recognized in equity | (835) | (707) | (100) |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 0 | (3) | 9 |
Amounts transferred to income statements | 0 | 0 | 0 |
Gain or loss in value CFE - recognized in equity | 0 | (3) | 9 |
Hedges of net investments in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (2,467) | (1,159) | 2,340 |
Amounts transferred to income statements | 0 | 0 | 0 |
Minorities | (57) | 89 | 43 |
Taxes | 912 | 278 | 5 |
Hedges of net investments in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (2,467) | (1,159) | 2,340 |
Amounts transferred to income statements | 0 | 0 | 0 |
Gain or loss in value CFE - recognized in equity | € (2,467) | € (1,159) | € 2,340 |
Interest income (Details)
Interest income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Analysis of income and expense [abstract] | |||
Loans and advances, central banks | € 1,606 | € 476 | € 431 |
Loans and advances, credit institutions | 2,186 | 916 | 894 |
Debt instruments | 10,416 | 5,724 | 5,022 |
Loans and advances, customers | 54,110 | 38,649 | 38,788 |
Other interest | 3,112 | 698 | 606 |
Total interest income | € 71,430 | € 46,463 | € 45,741 |
Interest expense (Details)
Interest expense (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Analysis of income and expense [abstract] | |||
Central banks deposits | € 706 | € 338 | € 366 |
Credit institution deposits | 2,784 | 1,140 | 1,652 |
Customer deposits | 16,994 | 5,452 | 5,599 |
Debt securities issued and subordinated liabilities | 8,464 | 4,838 | 5,119 |
Marketable debt securities | 7,472 | 4,190 | 4,548 |
Subordinated liabilities (note 23) | 992 | 648 | 571 |
Provisions for pensions (note 25) | 100 | 91 | 95 |
Lease Liabilities | 116 | 125 | 186 |
Other interest expense | 3,647 | 1,109 | 730 |
Interest expense | € 32,811 | € 13,093 | € 13,747 |
Dividend income (Details)
Dividend income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Dividend income | € 488 | € 513 | € 391 |
Financial assets held for trading | |||
Disclosure of financial assets [line items] | |||
Dividend income | 366 | 369 | 272 |
Non-trading financial assets mandatorily at fair value through profit or loss | |||
Disclosure of financial assets [line items] | |||
Dividend income | 35 | 32 | 31 |
Financial assets at fair value through other comprehensive income | |||
Disclosure of financial assets [line items] | |||
Dividend income | € 87 | € 112 | € 88 |
Commission income (Details)
Commission income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Coming from collection and payment services | |||
Bills | € 245 | € 214 | € 265 |
Demand accounts | 1,526 | 1,408 | 1,284 |
Cards | 4,012 | 3,138 | 2,986 |
Orders | 625 | 503 | 484 |
Cheques and other | 172 | 139 | 110 |
Coming from collection and payment services | 6,580 | 5,402 | 5,129 |
Coming from non-banking financial products | |||
Investment funds | 1,017 | 992 | 888 |
Pension funds | 167 | 161 | 170 |
Insurance | 2,743 | 2,467 | 2,289 |
Coming from non-banking financial products | 3,927 | 3,620 | 3,347 |
Coming from Securities services | |||
Securities underwriting and placement | 438 | 431 | 394 |
Securities trading | 339 | 319 | 316 |
Administration and custody | 321 | 402 | 336 |
Asset management | 446 | 369 | 316 |
Coming from Securities services | 1,544 | 1,521 | 1,362 |
Other | |||
Foreign exchange | 822 | 522 | 500 |
Financial guarantees | 433 | 415 | 409 |
Commitment fees | 506 | 442 | 366 |
Other fees and commissions | 2,055 | 1,890 | 1,911 |
Other | 3,816 | 3,269 | 3,186 |
Total commission income | € 15,867 | € 13,812 | € 13,024 |
Commission expense (Details)
Commission expense (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fee and commission expense [abstract] | |||
Commissions assigned to third parties | € 2,554 | € 1,993 | € 1,856 |
Cards | 1,872 | 1,355 | 1,249 |
By collection and return of effects | 18 | 16 | 12 |
Other fees assigned | 664 | 622 | 595 |
Other commissions paid | 1,523 | 1,317 | 1,153 |
Brokerage fees on lending and deposit transactions | 77 | 60 | 26 |
Sales of insurance and pension funds | 340 | 341 | 248 |
Other fees and commissions | 1,106 | 916 | 879 |
Total commission expense | € 4,077 | € 3,310 | € 3,009 |
Gains or losses on financial _3
Gains or losses on financial assets and liabilities - Schedule of detail, by origin, of gains/losses on financial assets and liability (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financial instruments | |||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | € 149 | € 628 | € 1,107 |
Financial assets at amortized cost | 34 | 89 | (31) |
Other financial assets and liabilities | 115 | 539 | 1,138 |
Gains or losses on financial assets and liabilities held for trading, net | 842 | 1,141 | 3,211 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 162 | 132 | 82 |
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | 968 | 270 | (171) |
Gain or losses from hedge accounting, net | 74 | (46) | 51 |
Gains/losses on financial assets and liabilities, net | 2,195 | 2,125 | 4,280 |
Debt securities | |||
Financial instruments | |||
Other financial assets and liabilities | € 122 | € 567 | € 1,179 |
Gains or losses on financial _4
Gains or losses on financial assets and liabilities - Schedule of exchange differences, net (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) on financial instruments [abstract] | |||
Foreign exchange gain (loss) | € (542) | € (562) | € (2,093) |
Gains or losses on financial _5
Gains or losses on financial assets and liabilities - Schedule of detail of asset balances measured at fair value through profit or loss (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial instruments | |||
Financial assets at fair value through profit or loss | € 170,820 | € 138,446 | € 168,148 |
Loans and advances | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 44,962 | 34,812 | 46,589 |
Central banks | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 11,595 | 3,608 | 9,481 |
Credit institutions | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 17,175 | 13,549 | 12,139 |
Customers | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 16,192 | 17,655 | 24,969 |
Debt securities | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 45,079 | 30,223 | 41,573 |
Equity instruments | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 13,777 | 19,119 | 12,849 |
Derivatives | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | € 67,002 | € 54,292 | € 67,137 |
Gains or losses on financial _6
Gains or losses on financial assets and liabilities - Schedule of detail of liability balances measured at fair value through profit or loss (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial instruments | |||
Financial liabilities at fair value through profit or loss | € 171,132 | € 112,202 | € 129,205 |
Deposits | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 78,299 | 40,946 | 43,598 |
Central banks | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 7,497 | 1,645 | 2,490 |
Credit institutions | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 11,754 | 7,552 | 6,765 |
Customers | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 59,048 | 31,749 | 34,343 |
Marketable debt securities | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 5,427 | 5,454 | 4,440 |
Short positions | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 22,515 | 12,236 | 16,698 |
Derivatives | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 64,891 | 53,566 | 64,469 |
Other financial liabilities | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | € 0 | € 0 | € 0 |
Gains or losses on financial _7
Gains or losses on financial assets and liabilities - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets at fair value through profit or loss | € 170,820 | € 138,446 | € 168,148 |
Liabilities designated at fair value through profit or loss at initial recognition recognised in other comprehensive income | 1,044 | € 81 | € 119 |
Deposits | |||
Disclosure of detailed information about financial instruments [line items] | |||
Repurchase agreements, value | 27,780 | ||
Loans and advances - credit institutions and customers | |||
Disclosure of detailed information about financial instruments [line items] | |||
Reverse repurchase agreements | 38,236 | ||
Mortgage backed assets | 920 | ||
Spanish and foreign government securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets at fair value through profit or loss | € 35,118 |
Other operating income and ex_3
Other operating income and expenses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of types of insurance contracts [line items] | |||
Insurance activity | € 158 | € 211 | € 210 |
Income from insurance and reinsurance contracts issued | 2,698 | 1,516 | 1,452 |
Expenses of insurance and reinsurance contracts | (2,540) | (1,305) | (1,242) |
Other operating income | 1,510 | 2,255 | 1,920 |
Non- financial services | 770 | 291 | 362 |
Other operating income | 740 | 1,964 | 1,558 |
Other operating expense | (2,803) | (2,442) | (2,342) |
Non-financial services | (661) | (283) | (350) |
Other operating expense | (2,142) | (2,159) | (1,992) |
Of which, credit institutions deposit guarantee fund and single resolution fund | (1,258) | (1,016) | (1,005) |
Total other operating income and expenses | (1,135) | 24 | (212) |
Insurance and reinsurance | |||
Disclosure of types of insurance contracts [line items] | |||
Income from insurance and reinsurance contracts issued | 2,543 | 1,381 | 1,349 |
Life insurance | |||
Disclosure of types of insurance contracts [line items] | |||
Expenses of insurance and reinsurance contracts | (2,309) | (1,097) | (1,063) |
Reinsurance | |||
Disclosure of types of insurance contracts [line items] | |||
Income from insurance and reinsurance contracts issued | 155 | 135 | 103 |
Expenses of insurance and reinsurance contracts | € (231) | € (208) | € (179) |
Staff costs - Schedule of detai
Staff costs - Schedule of detail of staff costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Classes of employee benefits expense [abstract] | |||
Wages and salaries | € 9,563 | € 8,466 | € 8,070 |
Social Security costs | 1,441 | 1,323 | 1,277 |
Additions to provisions for defined benefit pension plans (note 25) | 65 | 73 | 76 |
Contributions to defined contribution pension funds | 296 | 286 | 283 |
Other Staff costs | 1,182 | 1,068 | 1,077 |
Total staff costs | € 12,547 | € 11,216 | € 10,783 |
Staff costs - Schedule of avera
Staff costs - Schedule of average number of employees (Details) - people | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Average number of employees | 201,516 | 194,589 | 196,090 |
Banco Santander, S.A. | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees | 23,410 | 24,512 | 27,503 |
Executive directors and Senior management | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees | 17 | 19 | 21 |
Other line personnel | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees | 21,872 | 23,343 | 26,527 |
Branches abroad | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees | 1,521 | 1,150 | 955 |
Staff costs - Narrative (Detail
Staff costs - Narrative (Details) | 12 Months Ended | |||
Dec. 31, 2022 employee people £ / shares | Dec. 31, 2021 employee £ / shares | Dec. 31, 2020 employee £ / shares | Dec. 31, 2009 GBP (£) tradingSession | |
Share-based payment arrangement | ||||
Total number of employees | 206,462 | 199,177 | 193,226 | |
Average number of employees with disabilities | 4,114 | 3,703 | 3,577 | |
Weighted average grant-date fair value of options granted (in GBP per share) | £ / shares | £ 0.23 | £ 0.20 | £ 0.21 | |
Deferred variable compensation plan linked to multiannual objectives | ||||
Share-based payment arrangement | ||||
Fair value of plan, initial achievement | 70% | |||
Santander UK plc | Sharesave plan | ||||
Share-based payment arrangement | ||||
Percentage employees may reduce the average purchase and sale prices of shares under the Sharesave Scheme | 20% | |||
Number of trading sessions | tradingSession | 3 | |||
Minimum | Santander UK plc | 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 | |||
Maximum | Santander UK plc | 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 | |||
Banco Santander, S.A. | ||||
Share-based payment arrangement | ||||
Average number of employees with disabilities | 331 | 288 | 319 | |
Employee with disabilities, threshold degree of disability | 33% | |||
Number of employees with disabilities at end of period | 444 | 307 | 317 |
Staff costs - Schedule of funct
Staff costs - Schedule of functional breakdown of final employment by gender (Details) | 12 Months Ended |
Dec. 31, 2022 people | |
Senior managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 1,634 |
Number of employees - women | 678 |
Percentage of employees - men | 71% |
Percentage of employees - women | 29% |
Other managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 11,260 |
Number of employees - women | 6,610 |
Percentage of employees - men | 63% |
Percentage of employees - women | 37% |
Other personnel | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 82,449 |
Number of employees - women | 103,831 |
Percentage of employees - men | 44% |
Percentage of employees - women | 56% |
Europe | Senior managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 1,093 |
Number of employees - women | 478 |
Percentage of employees - men | 70% |
Percentage of employees - women | 30% |
Europe | Other managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 6,779 |
Number of employees - women | 3,893 |
Percentage of employees - men | 64% |
Percentage of employees - women | 36% |
Europe | Other personnel | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 33,041 |
Number of employees - women | 40,919 |
Percentage of employees - men | 45% |
Percentage of employees - women | 55% |
North America | Senior managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 221 |
Number of employees - women | 66 |
Percentage of employees - men | 77% |
Percentage of employees - women | 23% |
North America | Other managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 1,334 |
Number of employees - women | 621 |
Percentage of employees - men | 68% |
Percentage of employees - women | 32% |
North America | Other personnel | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 18,300 |
Number of employees - women | 23,055 |
Percentage of employees - men | 44% |
Percentage of employees - women | 56% |
South America | Senior managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 320 |
Number of employees - women | 134 |
Percentage of employees - men | 70% |
Percentage of employees - women | 30% |
South America | Other managers | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 3,147 |
Number of employees - women | 2,096 |
Percentage of employees - men | 60% |
Percentage of employees - women | 40% |
South America | Other personnel | |
Disclosure of transactions between related parties [line items] | |
Number of employees - men | 31,108 |
Number of employees - women | 39,857 |
Percentage of employees - men | 44% |
Percentage of employees - women | 56% |
Staff costs - Schedule of numbe
Staff costs - Schedule of number of employees with disabilities (Details) | 12 Months Ended | ||
Dec. 31, 2022 people | Dec. 31, 2021 employee | Dec. 31, 2020 employee | |
Disclosure of transactions between related parties [line items] | |||
Average number of employees with disabilities | 4,114 | 3,703 | 3,577 |
Spain | |||
Disclosure of transactions between related parties [line items] | |||
Employee with disabilities, threshold degree of disability | 33% | ||
Senior managers | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees with disabilities | 13 | ||
Management | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees with disabilities | 136 | ||
Collaborators | |||
Disclosure of transactions between related parties [line items] | |||
Average number of employees with disabilities | 3,965 |
Staff costs - Schedule of defer
Staff costs - Schedule of deferred variable remuneration systems, deferred and conditional variable remuneration plan (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Minimum Group's economic capital | 1% |
Deferred conditional variable remuneration plan sixth cycle | |
Share-based payment arrangement | |
Deferral period | 3 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Deferred conditional variable remuneration plan twelfth cycle | Other beneficiaries | |
Share-based payment arrangement | |
Deferral period | 4 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Deferred conditional variable remuneration plan twelfth cycle | Beneficiaries with target total variable remuneration higher or equal to 2.7 million euros | |
Share-based payment arrangement | |
Deferral period | 5 years |
Gross variable remuneration benchmark threshold | € 2.7 |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Deferred conditional variable remuneration plan twelfth cycle | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 50% |
Deferred payment percentage | 50% |
Deferred conditional variable remuneration plan fourth and fifth cycles | 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% |
Deferred payment percentage | 60% |
Deferred conditional variable remuneration plan fourth and fifth cycles | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Immediate payment percentage | 50% |
Deferred payment percentage | 50% |
Deferred conditional variable remuneration plan fourth and fifth cycles | Other beneficiaries | |
Share-based payment arrangement | |
Deferral period | 3 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Deferred conditional variable remuneration plan fifth cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred conditional variable remuneration plan fifth cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred conditional variable remuneration plan seventh, eighth, ninth, tenth and eleventh cycles | Other beneficiaries | |
Share-based payment arrangement | |
Deferral period | 3 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Deferred conditional variable remuneration plan seventh, eighth, ninth, tenth and eleventh cycles | Beneficiaries with target total variable remuneration higher or equal to 2.7 million euros | |
Share-based payment arrangement | |
Deferral period | 5 years |
Gross variable remuneration benchmark threshold | € 2.7 |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Deferred conditional variable remuneration plan seventh, eighth, ninth, tenth and eleventh cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 50% |
Deferred payment percentage | 50% |
Deferred variable compensation plan linked to multiannual objectives | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred payment percentage | 60% |
Deferred multiyear objectives variable remuneration plan first cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Gross variable remuneration benchmark threshold | € 2.7 |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 50% |
Deferred payment percentage | 50% |
Deferred multiyear objectives variable remuneration plan first cycle | Other beneficiaries | |
Share-based payment arrangement | |
Deferral period | 3 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Minimum | Deferred conditional variable remuneration plan fifth, seventh, eighth, ninth, tenth, and eleventh cycles | |
Share-based payment arrangement | |
Deferral period | 3 years |
Minimum | Deferred conditional variable remuneration plan twelfth cycle | |
Share-based payment arrangement | |
Deferral period | 4 years |
Minimum | Deferred conditional variable remuneration plan twelfth cycle | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 1.7 |
Minimum | Deferred conditional variable remuneration plan fourth and fifth cycles | Senior 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 fourth cycle | Senior 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, ninth, tenth and eleventh cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 1.7 |
Minimum | Deferred multiyear objectives variable remuneration plan seventh cycle | |
Share-based payment arrangement | |
Deferral period | 4 years |
Minimum | Deferred variable compensation plan linked to multiannual objectives | |
Share-based payment arrangement | |
Deferral period | 3 years |
Minimum | Deferred multiyear objectives variable remuneration plan first cycle | Senior 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 fifth, seventh, eighth, ninth, tenth, and eleventh cycles | |
Share-based payment arrangement | |
Deferral period | 5 years |
Maximum | Deferred conditional variable remuneration plan twelfth cycle | |
Share-based payment arrangement | |
Deferral period | 5 years |
Maximum | Deferred conditional variable remuneration plan twelfth cycle | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 2.7 |
Maximum | Deferred conditional variable remuneration plan fifth cycle | Senior 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, ninth, tenth and eleventh cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 2.7 |
Maximum | Deferred multiyear objectives variable remuneration plan seventh cycle | |
Share-based payment arrangement | |
Deferral period | 5 years |
Maximum | Deferred variable compensation plan linked to multiannual objectives | |
Share-based payment arrangement | |
Deferral period | 5 years |
Maximum | Deferred multiyear objectives variable remuneration plan first cycle | Senior 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 - Schedule of def_2
Staff costs - Schedule of deferred variable remuneration systems, deferred multiyear objectives variable remuneration plan (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) companies trading_session | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Deferred variable compensation plan linked to multiannual objectives | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred payment, percentage paid in shares | 50% |
Number of trading sessions | trading_session | 15 |
Deferred payment percentage | 60% |
Deferred variable compensation plan linked to multiannual objectives | Minimum | |
Share-based payment arrangement | |
Deferral period | 3 years |
Deferred variable compensation plan linked to multiannual objectives | Maximum | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred variable remuneration, three-year plan | Minimum | |
Share-based payment arrangement | |
Deferral period | 3 years |
Deferred variable remuneration, four-year plan | |
Share-based payment arrangement | |
Deferral period | 4 years |
Deferred variable remuneration, five-year plan | Maximum | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred multiyear objectives variable remuneration plan seventh cycle | |
Share-based payment arrangement | |
Number of credit institutions included in reference group | companies | 9 |
Deferred multiyear objectives variable remuneration plan seventh cycle | Minimum | |
Share-based payment arrangement | |
Deferral period | 4 years |
Deferred multiyear objectives variable remuneration plan seventh cycle | Maximum | |
Share-based payment arrangement | |
Deferral period | 5 years |
Deferred multiyear objectives variable remuneration plan seventh cycle | Executive directors | |
Share-based payment arrangement | |
Deferred payment, percentage paid in share options | 25% |
Deferred payment, percentage paid in shares | 25% |
Deferred multiyear objectives variable remuneration plan first cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Gross variable remuneration benchmark threshold | € | € 2.7 |
Immediate payment percentage | 40% |
Deferred payment percentage | 60% |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Deferral period | 5 years |
Immediate payment percentage | 50% |
Deferred payment percentage | 50% |
Percentage of entity economic capital | 1% |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | Minimum | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € | € 1.7 |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | Maximum | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € | € 2.7 |
Deferred multiyear objectives variable remuneration plan first cycle | Other beneficiaries | |
Share-based payment arrangement | |
Deferral period | 3 years |
Immediate payment percentage | 60% |
Deferred payment percentage | 40% |
Deferred multiyear objectives variable remuneration plan second and third cycles | |
Share-based payment arrangement | |
Number of credit institutions included in reference group | companies | 17 |
Deferred multiyear objectives variable remuneration plan fourth cycle | |
Share-based payment arrangement | |
Number of credit institutions included in reference group | companies | 9 |
Staff costs - Schedule of def_3
Staff costs - Schedule of deferred variable remuneration systems, digital transformation award (Details) € in Millions, customer in Millions | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) market country salesProgram geographies customer case people block | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based payment arrangement | ||||
Deferral period | 5 years | |||
Total achievement of incentive | 83% | |||
Digital Transformation Award | ||||
Share-based payment arrangement | ||||
Maximum number of beneficiaries | people | 250 | |||
Maximum amount of incentive | € | € 30 | |||
Number of markets with OpenBank | market | 3 | |||
Minimum number of countries with SuperDigital, excluding Brazil | 1 | |||
Percent awarded in shares | 50% | |||
Percent awarded in options over shares | 50% | |||
Options, vesting period | 10 years | |||
Total achievement of incentive | 85% | |||
Digital Transformation Award | Minimum | ||||
Share-based payment arrangement | ||||
Deferral period | 3 years | |||
Total achievement of incentive | 77.50% | |||
Digital Transformation Award | Maximum | ||||
Share-based payment arrangement | ||||
Deferral period | 5 years | |||
Digital Transformation Award 2020 & 2021 | ||||
Share-based payment arrangement | ||||
Options, vesting period | 8 years | |||
Digital Transformation Award 2020 | ||||
Share-based payment arrangement | ||||
Number of geographies with global merchant services platform | geographies | 3 | |||
Number of geographies with global trade services platform | geographies | 8 | |||
Number of geographies with global platform SuperDigital | 4 | |||
Number of priority use cases with machine learning deployment | case | 4 | |||
Number of sales programs with conversion rate optimization roll-out | salesProgram | 40 | |||
Number of countries with PagoFX global platform | 4 | |||
Digital Transformation Award 2021 | ||||
Share-based payment arrangement | ||||
Number of countries with Superdigital implemented | 7 | |||
Number of active customers using Pago Nxt | customer | 1.5 | |||
Number of customers acquired in Pago Nxt (in percentage) | 50% | |||
Minimum number of active countries with One Common Mobile Experience | 3 | |||
Maximum number of active countries with One Common Mobile Experience | 4 | |||
Minimum number of countries with One Common Mobile Experience as top three rated entity | 2 | |||
Maximum number of countries with One Common Mobile Experience as top three rated entity | 4 | |||
Minimum migratable virtual machines on cloud technology (in percentage) | 75% | |||
Digital Transformation Award 2022 | ||||
Share-based payment arrangement | ||||
Number of different blocks | block | 2 | |||
Digital Transformation Award 2022, first block | ||||
Share-based payment arrangement | ||||
Maximum number of beneficiaries | people | 250 | |||
Maximum amount of incentive | € | € 30 | |||
Percent awarded in shares | 50% | |||
Percent awarded in options over shares | 50% | |||
Options, vesting period | 10 years | |||
Total achievement of incentive | 96.50% | |||
Digital Transformation Award 2022, first block | Minimum | ||||
Share-based payment arrangement | ||||
Deferral period | 3 years | |||
Digital Transformation Award 2022, first block | Maximum | ||||
Share-based payment arrangement | ||||
Deferral period | 5 years | |||
Digital Transformation Award 2022, second block | ||||
Share-based payment arrangement | ||||
Maximum number of beneficiaries | people | 50 | |||
Maximum amount of incentive | € | € 15 | |||
Total achievement of incentive | 100% |
Staff costs - Schedule of optio
Staff costs - Schedule of options activity (Details) shares in Thousands | 12 Months Ended | ||
Dec. 31, 2022 shares Argentian_peso / € € / £ people contract £ / shares | Dec. 31, 2021 shares € / £ Argentian_peso / € people £ / shares | Dec. 31, 2020 people shares € / £ £ / shares | |
Share-based payment arrangement | |||
Exchange rate | Argentian_peso / € | 189.12 | 116.30 | |
Santander UK plc | |||
Share-based payment arrangement | |||
Exchange rate | € / £ | 1.1277 | 1.1904 | 1.1168 |
Santander UK plc | Sharesave plan | |||
Share-based payment arrangement | |||
Number of shares outstanding, beginning of period | 25,936 | 21,162 | 23,373 |
Options granted (in shares) | 13,068 | 9,414 | 11,642 |
Options exercised (in shares) | (242) | (48) | (860) |
Options cancelled (net) or not exercised (in shares) | (8,774) | (4,592) | (12,993) |
Number of share options outstanding, end of period | 29,988 | 25,936 | 21,162 |
Options granted (in GBP per share) | £ / shares | £ 1.89 | £ 2.43 | £ 1.65 |
Options exercised (in GBP per share) | £ / shares | 1.69 | 1.86 | 2.75 |
Options cancelled (net) or not exercised (in GBP per share) | £ / shares | £ 2.59 | £ 2.95 | £ 2.96 |
Number of persons | people | 4,362 | 4,142 | 5,012 |
Minimum number of accounts/contracts per employee | contract | 1 |
Other general administrative _3
Other general administrative expenses - Schedule of detail of other general administrative expenses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Selling, general and administrative expense [abstract] | |||
Technology and systems | € 2,473 | € 2,182 | € 2,119 |
Property, fixtures and supplies (note 2.k) | 804 | 789 | 827 |
Technical reports | 785 | 689 | 672 |
Taxes other than income tax | 559 | 558 | 537 |
Advertising | 559 | 510 | 523 |
Communications | 410 | 401 | 473 |
Surveillance and cash courier services | 336 | 306 | 325 |
Per diems and travel expenses | 163 | 69 | 73 |
Insurance premiums | 108 | 109 | 88 |
Other administrative expenses | 2,174 | 1,830 | 1,900 |
Other general administrative expenses | € 8,371 | € 7,443 | € 7,537 |
Other general administrative _4
Other general administrative expenses - Schedule of technical reports includes the fees paid by various Group companies (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Selling, general and administrative expense [abstract] | |||
Audit | € 113.4 | € 104.6 | € 99.4 |
Audit-related services | 6.4 | 6 | 6 |
Tax services | 0.5 | 0.7 | 0.8 |
All other | 4.8 | 2.4 | 1.2 |
Total | € 125.1 | € 113.7 | € 107.4 |
Other general administrative _5
Other general administrative expenses - Narrative (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Selling, general and administrative expense [abstract] | |||
Commissioned services from audit firms | € 185.5 | € 263.8 | € 172.4 |
Other general administrative _6
Other general administrative expenses - Schedule of number of offices (Details) - branch | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Number of offices | 9,019 | 9,229 | 10,586 |
Spain | |||
Disclosure of geographical areas [line items] | |||
Number of offices | 1,966 | 1,998 | 2,989 |
Group | |||
Disclosure of geographical areas [line items] | |||
Number of offices | 7,053 | 7,231 | 7,597 |
Gains or losses on non financ_3
Gains or losses on non financial assets, net (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) on disposals of non-current assets [abstract] | |||
Tangible and intangible assets | € 56 | € 87 | € 89 |
Investments | 5 | 2 | 60 |
Gains | 61 | 89 | 149 |
Tangible and intangible assets | (49) | (36) | (34) |
Investments | 0 | 0 | (1) |
Losses | (49) | (36) | (35) |
Gains (losses) on disposal of assets not classified as non-current assets held for sale, total | € 12 | € 53 | € 114 |
Gains or losses on non-curren_3
Gains or losses on non-current assets held for sale not classified as discontinued operations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € 7 | € (52) | € (171) |
Impairment (note 12) | (94) | (141) | (215) |
Other gains and other losses | 0 | 9 | 0 |
Gains or losses on non-current assets held for sale not classified as discontinued operations | 7 | (43) | (171) |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Impairment (note 12) | (204) | (239) | (250) |
Gain (loss) on sale (note 12) | € 101 | € 89 | € 44 |
Other disclosures - Schedule of
Other disclosures - Schedule of certain financial assets and liabilities by maturity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Aug. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | € 223,073 | € 130,519 | € 210,689 | € 153,839 | € 101,067 |
Financial assets at fair value through other comprehensive income | 83,298 | 105,585 | 118,170 | ||
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 | ||
Total certain assets | 1,453,415 | 1,354,172 | 1,230,387 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 | ||
Difference (assets less liabilities) | 29,557 | 5,003 | (17,801) | ||
On demand | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 223,073 | 210,689 | 153,839 | ||
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 | ||
Financial assets at amortised cost | 45,322 | 35,520 | 51,513 | ||
Total certain assets | 268,395 | 246,209 | 205,352 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 731,837 | 718,435 | 640,613 | ||
Difference (assets less liabilities) | (463,442) | (472,226) | (435,261) | ||
Within 3 months | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 0 | 0 | 0 | ||
Financial assets at fair value through other comprehensive income | 19,215 | 19,885 | 11,084 | ||
Financial assets at amortised cost | 194,757 | 161,837 | 117,335 | ||
Total certain assets | 213,972 | 181,722 | 128,419 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 236,565 | 169,013 | 175,269 | ||
Difference (assets less liabilities) | (22,593) | 12,709 | (46,850) | ||
3 to 12 months | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 0 | 0 | 0 | ||
Financial assets at fair value through other comprehensive income | 5,425 | 10,447 | 7,738 | ||
Financial assets at amortised cost | 137,632 | 121,272 | 109,561 | ||
Total certain assets | 143,057 | 131,719 | 117,299 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 144,666 | 99,223 | 93,296 | ||
Difference (assets less liabilities) | (1,609) | 32,496 | 24,003 | ||
1 to 3 years | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 0 | 0 | 0 | ||
Financial assets at fair value through other comprehensive income | 15,377 | 20,001 | 19,923 | ||
Financial assets at amortised cost | 196,939 | 154,345 | 150,399 | ||
Total certain assets | 212,316 | 174,346 | 170,322 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 168,984 | 194,879 | 175,238 | ||
Difference (assets less liabilities) | 43,332 | (20,533) | (4,916) | ||
3 to 5 years | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 0 | 0 | 0 | ||
Financial assets at fair value through other comprehensive income | 17,693 | 17,745 | 21,302 | ||
Financial assets at amortised cost | 135,156 | 130,456 | 120,376 | ||
Total certain assets | 152,849 | 148,201 | 141,678 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 81,808 | 98,210 | 80,041 | ||
Difference (assets less liabilities) | 71,041 | 49,991 | 61,637 | ||
More than 5 years | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 0 | 0 | 0 | ||
Financial assets at fair value through other comprehensive income | 25,588 | 37,507 | 58,123 | ||
Financial assets at amortised cost | 437,238 | 434,468 | 409,194 | ||
Total certain assets | 462,826 | 471,975 | 467,317 | ||
Liabilities | |||||
Financial liabilities at amortized cost | 59,998 | 69,409 | 83,731 | ||
Difference (assets less liabilities) | 402,828 | 402,566 | 383,586 | ||
Deposits | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 1,111,887 | 1,078,587 | 990,391 | ||
Deposits | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 718,366 | 711,377 | 632,305 | ||
Deposits | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 193,092 | 126,956 | 132,337 | ||
Deposits | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 96,667 | 64,096 | 61,142 | ||
Deposits | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 82,663 | 117,585 | 109,856 | ||
Deposits | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 19,343 | 52,658 | 32,464 | ||
Deposits | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 1,756 | 5,915 | 22,287 | ||
Central banks | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 76,952 | 139,757 | 112,804 | ||
Central banks | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 117 | 92 | 150 | ||
Central banks | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 6,991 | 5,861 | 10,499 | ||
Central banks | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 18,311 | 2,130 | 3,216 | ||
Central banks | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 47,018 | 91,651 | 83,112 | ||
Central banks | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 4,506 | 40,013 | 15,827 | ||
Central banks | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 9 | 10 | 0 | ||
Credit institutions | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 68,582 | 52,235 | 62,620 | ||
Credit institutions | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 7,172 | 12,854 | 14,370 | ||
Credit institutions | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 30,557 | 16,208 | 22,385 | ||
Credit institutions | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 15,901 | 12,507 | 9,940 | ||
Credit institutions | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 9,670 | 4,712 | 5,618 | ||
Credit institutions | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 3,925 | 1,981 | 5,934 | ||
Credit institutions | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 1,357 | 3,973 | 4,373 | ||
Customer deposits | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 966,353 | 886,595 | 814,967 | ||
Customer deposits | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 711,077 | 698,431 | 617,785 | ||
Customer deposits | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 155,544 | 104,887 | 99,453 | ||
Customer deposits | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 62,455 | 49,459 | 47,986 | ||
Customer deposits | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 25,975 | 21,222 | 21,126 | ||
Customer deposits | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 10,912 | 10,664 | 10,703 | ||
Customer deposits | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 390 | 1,932 | 17,914 | ||
Marketable debt securities | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 274,912 | 240,709 | 230,829 | ||
Marketable debt securities | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 0 | 0 | 0 | ||
Marketable debt securities | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 34,408 | 31,550 | 33,257 | ||
Marketable debt securities | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 46,480 | 29,798 | 30,994 | ||
Marketable debt securities | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 81,051 | 71,333 | 59,526 | ||
Marketable debt securities | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 55,359 | 45,198 | 47,143 | ||
Marketable debt securities | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 57,614 | 62,830 | 59,909 | ||
Other financial liabilities | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 37,059 | 29,873 | 26,968 | ||
Other financial liabilities | On demand | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 13,471 | 7,058 | 8,308 | ||
Other financial liabilities | Within 3 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 9,065 | 10,507 | 9,675 | ||
Other financial liabilities | 3 to 12 months | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 1,519 | 5,329 | 1,160 | ||
Other financial liabilities | 1 to 3 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 5,270 | 5,961 | 5,856 | ||
Other financial liabilities | 3 to 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 7,106 | 354 | 434 | ||
Other financial liabilities | More than 5 years | |||||
Liabilities | |||||
Financial liabilities at amortized cost | 628 | 664 | 1,535 | ||
Debt securities | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 75,083 | 97,922 | 108,903 | ||
Financial assets at amortised cost | 73,554 | 35,708 | 26,078 | ||
Debt securities | On demand | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 | ||
Financial assets at amortised cost | 0 | 0 | 0 | ||
Debt securities | Within 3 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 19,011 | 19,598 | 10,908 | ||
Financial assets at amortised cost | 7,956 | 4,212 | 4,184 | ||
Debt securities | 3 to 12 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 4,528 | 9,609 | 7,019 | ||
Financial assets at amortised cost | 7,417 | 4,171 | 5,760 | ||
Debt securities | 1 to 3 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 13,884 | 19,133 | 18,365 | ||
Financial assets at amortised cost | 21,459 | 2,205 | 3,059 | ||
Debt securities | 3 to 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 16,631 | 16,494 | 19,969 | ||
Financial assets at amortised cost | 6,715 | 15,388 | 5,257 | ||
Debt securities | More than 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 21,029 | 33,088 | 52,642 | ||
Financial assets at amortised cost | 30,007 | 9,732 | 7,818 | ||
Loans and advances | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 8,215 | 7,663 | 9,267 | ||
Financial assets at amortised cost | 1,073,490 | 1,002,190 | 932,300 | ||
Loans and advances | On demand | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 | ||
Financial assets at amortised cost | 45,322 | 35,520 | 51,513 | ||
Loans and advances | Within 3 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 204 | 287 | 176 | ||
Financial assets at amortised cost | 186,801 | 157,625 | 113,151 | ||
Loans and advances | 3 to 12 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 897 | 838 | 719 | ||
Financial assets at amortised cost | 130,215 | 117,101 | 103,801 | ||
Loans and advances | 1 to 3 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 1,493 | 868 | 1,558 | ||
Financial assets at amortised cost | 175,480 | 152,140 | 147,340 | ||
Loans and advances | 3 to 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 1,062 | 1,251 | 1,333 | ||
Financial assets at amortised cost | 128,441 | 115,068 | 115,119 | ||
Loans and advances | More than 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 4,559 | 4,419 | 5,481 | ||
Financial assets at amortised cost | 407,231 | 424,736 | 401,376 | ||
Central banks | |||||
Assets | |||||
Financial assets at amortised cost | 15,375 | 15,657 | 12,499 | ||
Central banks | On demand | |||||
Assets | |||||
Financial assets at amortised cost | 0 | 0 | 0 | ||
Central banks | Within 3 months | |||||
Assets | |||||
Financial assets at amortised cost | 14,139 | 14,544 | 10,762 | ||
Central banks | 3 to 12 months | |||||
Assets | |||||
Financial assets at amortised cost | 0 | 0 | 0 | ||
Central banks | 1 to 3 years | |||||
Assets | |||||
Financial assets at amortised cost | 0 | 0 | 673 | ||
Central banks | 3 to 5 years | |||||
Assets | |||||
Financial assets at amortised cost | 0 | 0 | 0 | ||
Central banks | More than 5 years | |||||
Assets | |||||
Financial assets at amortised cost | 1,236 | 1,113 | 1,064 | ||
Credit institutions | |||||
Assets | |||||
Financial assets at amortised cost | 46,518 | 39,169 | 37,838 | ||
Credit institutions | On demand | |||||
Assets | |||||
Financial assets at amortised cost | 7,565 | 11,849 | 21,337 | ||
Credit institutions | Within 3 months | |||||
Assets | |||||
Financial assets at amortised cost | 22,578 | 20,802 | 8,950 | ||
Credit institutions | 3 to 12 months | |||||
Assets | |||||
Financial assets at amortised cost | 2,756 | 4,542 | 3,910 | ||
Credit institutions | 1 to 3 years | |||||
Assets | |||||
Financial assets at amortised cost | 3,580 | 93 | 3,207 | ||
Credit institutions | 3 to 5 years | |||||
Assets | |||||
Financial assets at amortised cost | 139 | 150 | 34 | ||
Credit institutions | More than 5 years | |||||
Assets | |||||
Financial assets at amortised cost | 9,900 | 1,733 | 400 | ||
Customers | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 8,215 | 7,663 | 9,267 | ||
Financial assets at amortised cost | 1,011,597 | 947,364 | 881,963 | ||
Customers | On demand | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 | ||
Financial assets at amortised cost | 37,757 | 23,671 | 30,176 | ||
Customers | Within 3 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 204 | 287 | 176 | ||
Financial assets at amortised cost | 150,084 | 122,279 | 93,439 | ||
Customers | 3 to 12 months | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 897 | 838 | 719 | ||
Financial assets at amortised cost | 127,459 | 112,559 | 99,891 | ||
Customers | 1 to 3 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 1,493 | 868 | 1,558 | ||
Financial assets at amortised cost | 171,900 | 152,047 | 143,460 | ||
Customers | 3 to 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 1,062 | 1,251 | 1,333 | ||
Financial assets at amortised cost | 128,302 | 114,918 | 115,085 | ||
Customers | More than 5 years | |||||
Assets | |||||
Financial assets at fair value through other comprehensive income | 4,559 | 4,419 | 5,481 | ||
Financial assets at amortised cost | € 396,095 | € 421,890 | € 399,912 |
Other disclosures - Schedule _2
Other disclosures - Schedule of undiscounted contractual maturities of financial liabilities at amortized cost by maturity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | € 1,422,781 | € 1,339,819 | € 1,236,632 |
On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 731,837 | 712,188 | 637,351 |
Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 235,986 | 163,736 | 174,421 |
3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 144,397 | 98,843 | 92,728 |
1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 168,947 | 195,435 | 172,827 |
3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 81,817 | 98,752 | 78,812 |
More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 59,797 | 70,865 | 80,493 |
Deposits | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 1,111,024 | 1,062,937 | 982,761 |
Deposits | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 718,366 | 705,129 | 629,043 |
Deposits | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 192,609 | 120,654 | 130,439 |
Deposits | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 96,482 | 62,896 | 60,465 |
Deposits | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 82,618 | 116,343 | 108,326 |
Deposits | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 19,354 | 52,031 | 32,260 |
Deposits | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 1,595 | 5,884 | 22,228 |
Central banks | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 76,778 | 138,992 | 112,494 |
Central banks | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 117 | 83 | 150 |
Central banks | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 7,003 | 5,862 | 10,497 |
Central banks | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 18,210 | 2,131 | 3,217 |
Central banks | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 46,933 | 91,327 | 82,803 |
Central banks | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 4,506 | 39,579 | 15,827 |
Central banks | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 9 | 10 | 0 |
Credit institutions | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 68,364 | 51,133 | 61,574 |
Credit institutions | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 7,172 | 12,683 | 14,334 |
Credit institutions | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 30,548 | 16,184 | 22,367 |
Credit institutions | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 15,808 | 11,867 | 9,606 |
Credit institutions | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 9,722 | 4,504 | 5,031 |
Credit institutions | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 3,924 | 1,945 | 5,903 |
Credit institutions | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 1,190 | 3,950 | 4,333 |
Customers | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 965,882 | 872,812 | 808,693 |
Customers | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 711,077 | 692,363 | 614,559 |
Customers | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 155,058 | 98,608 | 97,575 |
Customers | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 62,464 | 48,898 | 47,642 |
Customers | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 25,963 | 20,512 | 20,492 |
Customers | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 10,924 | 10,507 | 10,530 |
Customers | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 396 | 1,924 | 17,895 |
Marketable debt securities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 274,700 | 247,009 | 226,903 |
Marketable debt securities | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 0 | 0 | 0 |
Marketable debt securities | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 34,312 | 32,575 | 34,307 |
Marketable debt securities | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 46,396 | 30,618 | 31,103 |
Marketable debt securities | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 81,059 | 73,131 | 58,645 |
Marketable debt securities | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 55,357 | 46,367 | 46,118 |
Marketable debt securities | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 57,576 | 64,318 | 56,730 |
Other financial liabilities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 37,057 | 29,873 | 26,968 |
Other financial liabilities | On demand | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 13,471 | 7,059 | 8,308 |
Other financial liabilities | Within 3 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 9,065 | 10,507 | 9,675 |
Other financial liabilities | 3 to 12 months | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 1,519 | 5,329 | 1,160 |
Other financial liabilities | 1 to 3 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 5,270 | 5,961 | 5,856 |
Other financial liabilities | 3 to 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | 7,106 | 354 | 434 |
Other financial liabilities | More than 5 years | |||
Disclosure of detailed information about financial instruments [line items] | |||
Undiscounted financial liabilities at amortised cost | € 626 | € 663 | € 1,535 |
Other disclosures - Schedule _3
Other disclosures - Schedule of remainder of financial assets and liabilities by maturity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
FINANCIAL ASSETS | |||
Financial assets held for trading | € 156,118 | € 116,953 | € 114,945 |
Financial assets designated at fair value through profit or loss | 8,989 | 15,957 | 48,717 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 |
Financial assets at fair value through other comprehensive income | 1,941 | 2,453 | 2,783 |
Hedging derivatives | 8,069 | 4,761 | 8,325 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (3,749) | 410 | 1,980 |
TOTAL FINANCIAL ASSETS | 177,081 | 146,070 | 181,236 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 115,185 | 79,469 | 81,167 |
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 |
Hedging derivatives | 9,228 | 5,463 | 6,869 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (117) | 248 | 286 |
TOTAL FINANCIAL LIABILITIES | 180,243 | 117,913 | 136,360 |
Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 44,770 | 21,887 | 12,494 |
Financial assets designated at fair value through profit or loss | 236 | 2,451 | 27,334 |
Non-trading financial assets mandatorily at fair value through profit or loss | 164 | 116 | 275 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 2,200 | 368 | 2,003 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (734) | 429 | 181 |
TOTAL FINANCIAL ASSETS | 46,636 | 25,251 | 42,287 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 51,621 | 26,142 | 20,481 |
Financial liabilities designated at fair value through profit or loss | 27,071 | 7,000 | 15,200 |
Hedging derivatives | 947 | 613 | 2,819 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 11 | 45 | 9 |
TOTAL FINANCIAL LIABILITIES | 79,650 | 33,800 | 38,509 |
3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 27,562 | 20,627 | 27,753 |
Financial assets designated at fair value through profit or loss | 756 | 2,928 | 7,205 |
Non-trading financial assets mandatorily at fair value through profit or loss | 214 | 49 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 1,076 | 857 | 1,293 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (498) | (11) | 132 |
TOTAL FINANCIAL ASSETS | 29,110 | 24,450 | 36,383 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 12,012 | 9,234 | 6,286 |
Financial liabilities designated at fair value through profit or loss | 4,359 | 1,685 | 2,228 |
Hedging derivatives | 1,469 | 930 | 588 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (52) | 16 | 40 |
TOTAL FINANCIAL LIABILITIES | 17,788 | 11,865 | 9,142 |
1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 29,753 | 20,047 | 22,473 |
Financial assets designated at fair value through profit or loss | 2,732 | 3,686 | 3,680 |
Non-trading financial assets mandatorily at fair value through profit or loss | 265 | 127 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 1,356 | 748 | 1,107 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (1,178) | (304) | 205 |
TOTAL FINANCIAL ASSETS | 32,928 | 24,304 | 27,465 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 23,669 | 15,709 | 17,635 |
Financial liabilities designated at fair value through profit or loss | 6,180 | 4,669 | 2,893 |
Hedging derivatives | 3,650 | 1,667 | 748 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (140) | 58 | 74 |
TOTAL FINANCIAL LIABILITIES | 33,359 | 22,103 | 21,350 |
3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 20,177 | 15,105 | 18,014 |
Financial assets designated at fair value through profit or loss | 1,691 | 2,334 | 3,933 |
Non-trading financial assets mandatorily at fair value through profit or loss | 70 | 67 | 69 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 1,451 | 1,270 | 1,083 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (1,036) | 19 | 381 |
TOTAL FINANCIAL ASSETS | 22,353 | 18,795 | 23,480 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 18,273 | 12,750 | 16,036 |
Financial liabilities designated at fair value through profit or loss | 1,915 | 1,225 | 1,121 |
Hedging derivatives | 1,159 | 824 | 641 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 20 | 49 | 64 |
TOTAL FINANCIAL LIABILITIES | 21,367 | 14,848 | 17,862 |
More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 33,856 | 39,287 | 34,211 |
Financial assets designated at fair value through profit or loss | 3,574 | 4,558 | 6,565 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,000 | 5,177 | 4,142 |
Financial assets at fair value through other comprehensive income | 1,941 | 2,453 | 2,783 |
Hedging derivatives | 1,986 | 1,518 | 2,839 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (303) | 277 | 1,081 |
TOTAL FINANCIAL ASSETS | 46,054 | 53,270 | 51,621 |
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 9,610 | 15,634 | 20,729 |
Financial liabilities designated at fair value through profit or loss | 16,422 | 18,154 | 26,596 |
Hedging derivatives | 2,003 | 1,429 | 2,073 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 44 | 80 | 99 |
TOTAL FINANCIAL LIABILITIES | 28,079 | 35,297 | 49,497 |
Derivatives | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 64,891 | 53,566 | 64,469 |
Derivatives | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 7,749 | 4,485 | 4,338 |
Derivatives | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 9,671 | 7,583 | 5,800 |
Derivatives | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 22,479 | 14,868 | 17,566 |
Derivatives | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 16,955 | 11,912 | 16,036 |
Derivatives | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 8,037 | 14,718 | 20,729 |
Short positions | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 22,515 | 12,236 | 16,698 |
Short positions | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 17,952 | 8,559 | 16,143 |
Short positions | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 888 | 1,290 | 486 |
Short positions | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 1,031 | 728 | 69 |
Short positions | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 1,071 | 743 | 0 |
Short positions | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 1,573 | 916 | 0 |
Deposits | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 27,779 | 13,667 | 0 |
Financial liabilities designated at fair value through profit or loss | 50,520 | 27,279 | 43,598 |
Deposits | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 25,920 | 13,098 | 0 |
Financial liabilities designated at fair value through profit or loss | 26,908 | 6,874 | 15,168 |
Deposits | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 1,453 | 361 | 0 |
Financial liabilities designated at fair value through profit or loss | 3,558 | 1,246 | 1,954 |
Deposits | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 159 | 113 | 0 |
Financial liabilities designated at fair value through profit or loss | 5,069 | 2,801 | 2,497 |
Deposits | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 247 | 95 | 0 |
Financial liabilities designated at fair value through profit or loss | 818 | 764 | 518 |
Deposits | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 14,167 | 15,594 | 23,461 |
Central banks | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 5,757 | 1,038 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,740 | 607 | 2,490 |
Central banks | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 5,757 | 1,038 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,702 | 569 | 1,707 |
Central banks | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 38 | 38 | 783 |
Central banks | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Central banks | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Central banks | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Credit institutions | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 9,796 | 6,488 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,958 | 1,064 | 6,765 |
Credit institutions | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 7,963 | 5,919 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,284 | 237 | 3,785 |
Credit institutions | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 1,435 | 361 | 0 |
Financial liabilities designated at fair value through profit or loss | 129 | 487 | 935 |
Credit institutions | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 151 | 113 | 0 |
Financial liabilities designated at fair value through profit or loss | 54 | 30 | 1,493 |
Credit institutions | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 247 | 95 | 0 |
Financial liabilities designated at fair value through profit or loss | 87 | 178 | 171 |
Credit institutions | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 404 | 132 | 381 |
Customers | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 12,226 | 6,141 | 0 |
Financial liabilities designated at fair value through profit or loss | 46,822 | 25,608 | 34,343 |
Customers | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 12,200 | 6,141 | 0 |
Financial liabilities designated at fair value through profit or loss | 23,922 | 6,068 | 9,676 |
Customers | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 18 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 3,391 | 721 | 236 |
Customers | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 8 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 5,015 | 2,771 | 1,004 |
Customers | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 731 | 586 | 347 |
Customers | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 13,763 | 15,462 | 23,080 |
Marketable debt securities | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 5,427 | 5,454 | 4,440 |
Marketable debt securities | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 163 | 126 | 32 |
Marketable debt securities | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 801 | 439 | 274 |
Marketable debt securities | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 1,111 | 1,868 | 396 |
Marketable debt securities | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 1,097 | 461 | 603 |
Marketable debt securities | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 2,255 | 2,560 | 3,135 |
Other financial liabilities | |||
FINANCIAL 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 | Within 3 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | ||
Other financial liabilities | 3 to 12 months | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | ||
Other financial liabilities | 1 to 3 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | ||
Other financial liabilities | 3 to 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | ||
Other financial liabilities | More than 5 years | |||
FINANCIAL LIABILITIES | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | ||
Derivatives | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 67,002 | 54,292 | 67,137 |
Derivatives | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 7,631 | 4,943 | 9,556 |
Derivatives | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 9,983 | 7,426 | 10,044 |
Derivatives | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 23,156 | 12,285 | 15,526 |
Derivatives | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 15,533 | 11,980 | 13,681 |
Derivatives | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 10,699 | 17,658 | 18,330 |
Equity instruments | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 10,066 | 15,077 | 9,615 |
Non-trading financial assets mandatorily at fair value through profit or loss | 3,711 | 4,042 | 3,234 |
Financial assets at fair value through other comprehensive income | 1,941 | 2,453 | 2,783 |
Equity instruments | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 10,066 | 15,077 | 9,615 |
Non-trading financial assets mandatorily at fair value through profit or loss | 3,711 | 4,042 | 3,234 |
Financial assets at fair value through other comprehensive income | 1,941 | 2,453 | 2,783 |
Debt securities | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 41,403 | 26,750 | 37,894 |
Financial assets designated at fair value through profit or loss | 2,542 | 2,516 | 2,979 |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,134 | 957 | 700 |
Debt securities | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 5,160 | 2,978 | 2,938 |
Financial assets designated at fair value through profit or loss | 68 | 64 | 259 |
Non-trading financial assets mandatorily at fair value through profit or loss | 6 | 4 | 85 |
Debt securities | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 13,357 | 8,585 | 17,709 |
Financial assets designated at fair value through profit or loss | 77 | 142 | 162 |
Non-trading financial assets mandatorily at fair value through profit or loss | 52 | 40 | 0 |
Debt securities | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 5,667 | 5,766 | 6,947 |
Financial assets designated at fair value through profit or loss | 1,026 | 699 | 407 |
Non-trading financial assets mandatorily at fair value through profit or loss | 52 | 4 | 0 |
Debt securities | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 4,193 | 2,869 | 4,310 |
Financial assets designated at fair value through profit or loss | 599 | 700 | 719 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 6 | 0 |
Debt securities | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 13,026 | 6,552 | 5,990 |
Financial assets designated at fair value through profit or loss | 772 | 911 | 1,432 |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,024 | 903 | 615 |
Loans and advances | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 37,647 | 20,834 | 299 |
Financial assets designated at fair value through profit or loss | 6,447 | 13,441 | 45,738 |
Non-trading financial assets mandatorily at fair value through profit or loss | 868 | 537 | 552 |
Loans and advances | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 31,979 | 13,966 | 0 |
Financial assets designated at fair value through profit or loss | 168 | 2,387 | 27,075 |
Non-trading financial assets mandatorily at fair value through profit or loss | 158 | 112 | 190 |
Loans and advances | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 4,222 | 4,616 | 0 |
Financial assets designated at fair value through profit or loss | 679 | 2,786 | 7,043 |
Non-trading financial assets mandatorily at fair value through profit or loss | 162 | 9 | 0 |
Loans and advances | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 930 | 1,996 | 0 |
Financial assets designated at fair value through profit or loss | 1,706 | 2,987 | 3,273 |
Non-trading financial assets mandatorily at fair value through profit or loss | 213 | 123 | 0 |
Loans and advances | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 451 | 256 | 23 |
Financial assets designated at fair value through profit or loss | 1,092 | 1,634 | 3,214 |
Non-trading financial assets mandatorily at fair value through profit or loss | 70 | 61 | 69 |
Loans and advances | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 65 | 0 | 276 |
Financial assets designated at fair value through profit or loss | 2,802 | 3,647 | 5,133 |
Non-trading financial assets mandatorily at fair value through profit or loss | 265 | 232 | 293 |
Central banks | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 11,595 | 3,608 | 0 |
Financial assets designated at fair value through profit or loss | 0 | 0 | 9,481 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Central banks | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 11,595 | 3,608 | |
Financial assets designated at fair value through profit or loss | 0 | 9,481 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | |
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 16,502 | 10,397 | 3 |
Financial assets designated at fair value through profit or loss | 673 | 3,152 | 12,136 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Credit institutions | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 13,650 | 5,607 | 0 |
Financial assets designated at fair value through profit or loss | 6 | 1,138 | 8,449 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 2,852 | 3,982 | 0 |
Financial assets designated at fair value through profit or loss | 181 | 1,476 | 2,728 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 808 | 0 |
Financial assets designated at fair value through profit or loss | 23 | 205 | 590 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | 3 |
Financial assets designated at fair value through profit or loss | 4 | 10 | 12 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 459 | 323 | 357 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Customers | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 9,550 | 6,829 | 296 |
Financial assets designated at fair value through profit or loss | 5,774 | 10,289 | 24,121 |
Non-trading financial assets mandatorily at fair value through profit or loss | 868 | 537 | 552 |
Customers | Within 3 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 6,734 | 4,751 | 0 |
Financial assets designated at fair value through profit or loss | 162 | 1,249 | 9,145 |
Non-trading financial assets mandatorily at fair value through profit or loss | 158 | 112 | 190 |
Customers | 3 to 12 months | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 1,370 | 634 | 0 |
Financial assets designated at fair value through profit or loss | 498 | 1,310 | 4,315 |
Non-trading financial assets mandatorily at fair value through profit or loss | 162 | 9 | 0 |
Customers | 1 to 3 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 930 | 1,188 | 0 |
Financial assets designated at fair value through profit or loss | 1,683 | 2,782 | 2,683 |
Non-trading financial assets mandatorily at fair value through profit or loss | 213 | 123 | 0 |
Customers | 3 to 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 451 | 256 | 20 |
Financial assets designated at fair value through profit or loss | 1,088 | 1,624 | 3,202 |
Non-trading financial assets mandatorily at fair value through profit or loss | 70 | 61 | 69 |
Customers | More than 5 years | |||
FINANCIAL ASSETS | |||
Financial assets held for trading | 65 | 0 | 276 |
Financial assets designated at fair value through profit or loss | 2,343 | 3,324 | 4,776 |
Non-trading financial assets mandatorily at fair value through profit or loss | € 265 | € 232 | € 293 |
Other disclosures - Schedule _4
Other disclosures - Schedule of memorandum items by maturity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 379,603 | € 349,228 | € 318,145 |
Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 274,075 | 262,737 | 241,230 |
Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,856 | 10,758 | 12,377 |
Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 92,672 | 75,733 | 64,538 |
Within 3 months | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 194,701 | 179,505 | 160,616 |
Within 3 months | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 120,962 | 123,529 | 114,221 |
Within 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 | 7,023 | 3,617 | 2,661 |
Within 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 | 66,716 | 52,359 | 43,734 |
3 to 12 months | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 52,276 | 43,846 | 42,436 |
3 to 12 months | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 32,538 | 27,587 | 28,207 |
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 | 3,586 | 4,251 | 3,732 |
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 | 16,152 | 12,008 | 10,497 |
1 to 3 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 59,421 | 61,045 | 57,111 |
1 to 3 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 50,875 | 51,999 | 47,876 |
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 | 1,427 | 1,749 | 4,134 |
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 | 7,119 | 7,297 | 5,101 |
3 to 5 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 55,991 | 52,007 | 44,834 |
3 to 5 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 54,033 | 49,781 | 40,458 |
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 | 441 | 687 | 1,169 |
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 | 1,517 | 1,539 | 3,207 |
More than 5 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 17,214 | 12,825 | 13,148 |
More than 5 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 15,667 | 9,841 | 10,468 |
More than 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 | 379 | 454 | 681 |
More than 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 | € 1,168 | € 2,530 | € 1,999 |
Other disclosures - Schedule _5
Other disclosures - Schedule of equivalent euro value of assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Aug. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | € 223,073 | € 130,519 | € 210,689 | € 153,839 | € 101,067 |
Financial assets held for trading | 156,118 | 116,953 | 114,945 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 | ||
Other financial assets at fair value through profit or loss | 8,989 | 15,957 | 48,717 | ||
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 | ||
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 | ||
Investments | 7,615 | 7,525 | 7,622 | € 8,772 | |
Tangible assets | 34,073 | 33,321 | 32,735 | ||
Intangible assets | 18,645 | 16,584 | 15,908 | ||
Other | 10,082 | 8,595 | 11,070 | ||
TOTAL ASSETS | 1,734,659 | 1,595,835 | 1,508,250 | ||
Liabilities | |||||
Financial liabilities held for trading | 115,185 | 79,469 | 81,167 | ||
Other financial liabilities at fair value through profit or loss | 55,947 | 32,733 | 48,038 | ||
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 | ||
Liabilities under insurance contracts | 747 | 770 | 910 | ||
Other | 14,609 | 12,698 | 12,336 | ||
TOTAL LIABILITIES | 1,637,074 | 1,498,782 | 1,416,928 | ||
Non-Euro | |||||
Assets | |||||
Cash, cash balances at Central Banks and other deposits on demand | 122,391 | 105,457 | 76,882 | ||
Financial assets held for trading | 94,256 | 65,345 | 66,448 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,210 | 2,460 | 2,248 | ||
Other financial assets at fair value through profit or loss | 1,085 | 1,230 | 24,015 | ||
Financial assets at fair value through other comprehensive income | 62,046 | 78,086 | 79,688 | ||
Financial assets at amortised cost | 747,138 | 680,774 | 610,152 | ||
Investments | 1,296 | 1,666 | 1,671 | ||
Tangible assets | 21,834 | 22,350 | 21,617 | ||
Intangible assets | 11,881 | 10,066 | 9,609 | ||
Other | 23,886 | 22,631 | 26,433 | ||
TOTAL ASSETS | 1,089,023 | 990,065 | 918,763 | ||
Liabilities | |||||
Financial liabilities held for trading | 60,105 | 49,314 | 50,494 | ||
Other financial liabilities at fair value through profit or loss | 20,274 | 9,103 | 18,347 | ||
Financial liabilities at amortized cost | 893,531 | 796,395 | 726,516 | ||
Liabilities under insurance contracts | 4 | 10 | 13 | ||
Other | 24,372 | 20,420 | 22,801 | ||
TOTAL LIABILITIES | € 998,286 | € 875,242 | € 818,171 |
Other disclosures - Schedule _6
Other disclosures - Schedule of financial assets measured at other than fair value (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | € 193,716 | € 163,853 | € 176,554 | |
Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 1,147,044 | 1,037,898 | 958,378 | |
Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 1,124,076 | 1,042,089 | 966,790 | |
Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 37,805 | 13,558 | 6,753 | |
Level 2 | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 142,832 | 121,640 | 146,468 | |
Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 84,222 | 81,998 | 77,654 | |
Level 3 | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 8,290 | 7,667 | 8,543 | € 6,651 |
Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 1,002,049 | 946,533 | 882,383 | |
Loans and advances | Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 1,073,490 | 1,002,190 | 932,300 | |
Loans and advances | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 1,053,703 | 1,006,711 | 940,258 | |
Loans and advances | Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Loans and advances | Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 64,968 | 69,840 | 65,755 | |
Loans and advances | Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 988,735 | 936,871 | 874,503 | |
Debt securities | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 193,716 | 163,853 | 176,554 | |
Debt securities | Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 73,554 | 35,708 | 26,078 | |
Debt securities | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 70,373 | 35,378 | 26,532 | |
Debt securities | Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 37,805 | 13,558 | 6,753 | |
Debt securities | Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 19,254 | 12,158 | 11,899 | |
Debt securities | Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | € 13,314 | € 9,662 | € 7,880 |
Other disclosures - Schedule _7
Other disclosures - Schedule of financial liabilities measured at other than fair value (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of fair value measurement of liabilities [line items] | ||||
Other financial liabilities | € 37,059 | € 29,873 | € 26,968 | |
Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 1,386,799 | 1,319,296 | 1,221,220 | |
Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 1,372,109 | 1,323,573 | 1,231,981 | |
Other financial liabilities | 37,059 | 29,873 | 26,968 | |
Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 106,169 | 109,346 | 91,771 | |
Level 2 | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 163,733 | 103,807 | 124,098 | |
Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 383,640 | 401,647 | 388,548 | |
Level 3 | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 925 | 629 | 905 | € 1,074 |
Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 882,300 | 812,580 | 751,662 | |
Deposits | Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 1,111,887 | 1,078,587 | 990,391 | |
Deposits | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 1,108,918 | 1,076,876 | 990,807 | |
Deposits | Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Deposits | Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 258,701 | 286,613 | 263,517 | |
Deposits | Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 850,217 | 790,263 | 727,290 | |
Debt securities | Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 274,912 | 240,709 | 230,829 | |
Debt securities | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 263,191 | 246,697 | 241,174 | |
Debt securities | Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 106,169 | 109,346 | 91,771 | |
Debt securities | Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 124,939 | 115,034 | 125,031 | |
Debt securities | Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | € 32,083 | € 22,317 | € 24,372 |
Primary and secondary segment_3
Primary and secondary segments reporting - Primary segments, narrative (Details) | 12 Months Ended |
Dec. 31, 2022 operatingAreas segment Business | |
Disclosure of operating segments [line items] | |
Number of operating segments | segment | 5 |
Number of operating areas | operatingAreas | 4 |
PagoNxt | |
Disclosure of operating segments [line items] | |
Number of businesses | Business | 4 |
Primary and secondary segment_4
Primary and secondary segments reporting - Schedule of condensed balance sheets and condensed underlying income statements by primary segments (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | |||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Balance sheet (condensed) | |||||
Total assets | € 1,734,659 | € 1,595,835 | € 1,508,250 | ||
Financial assets | 193,716 | 163,853 | 176,554 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 313,736 | 282,672 | 225,796 | ||
Other financial assets | 82,720 | 75,864 | 82,769 | ||
Other asset accounts | 108,483 | 100,764 | 106,932 | ||
Total liabilities | 1,637,074 | 1,498,782 | 1,416,928 | ||
Other financial liabilities | 124,465 | 95,675 | 108,135 | ||
Other liabilities accounts | 42,084 | 37,411 | 39,535 | ||
Total equity | 97,585 | 97,053 | 91,322 | € 110,659 | |
Other customer funds under management | 181,880 | 186,927 | 168,254 | ||
Investment funds | 142,189 | 145,987 | 131,965 | ||
Pension funds | 14,021 | 16,078 | 15,577 | ||
Assets under management | 25,670 | 24,862 | 20,712 | ||
Other non-managed marketed customer funds | 48,379 | 48,385 | 38,563 | ||
Underlying income statement (condensed) | |||||
Net interest income | 38,619 | 33,370 | 31,994 | ||
Net fee income | 11,790 | 10,502 | 10,015 | ||
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | ||
Other operating income | 55 | 969 | 83 | ||
Total income | 52,117 | 46,404 | 44,279 | ||
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (21,130) | ||
Net operating income | 28,214 | 24,989 | 23,149 | ||
Net loan-loss provisions | (10,836) | (7,436) | (12,432) | ||
Other gains (losses) and provisions | (2,128) | (3,006) | (12,793) | ||
Operating profit/(loss) before tax | € 3,829 | 15,250 | 14,547 | (2,076) | |
Tax on profit | € (69) | (4,486) | (4,894) | (5,632) | |
Profit/(loss) from continuing operations | 10,764 | 9,653 | (7,708) | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 10,764 | 9,653 | (7,708) | ||
Non-controlling interests | 1,159 | 1,529 | 1,063 | ||
Attributable profit to the parent | 9,605 | 8,124 | (8,771) | ||
Release of provision corresponding to results from commitments and contingent risks | (27) | 29 | 50 | ||
Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | 38,619 | 33,370 | 31,994 | ||
Net fee income | 11,790 | 10,502 | 10,015 | ||
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | ||
Other operating income | 92 | 969 | 404 | ||
Total income | 52,154 | 46,404 | 44,600 | ||
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (20,967) | ||
Net operating income | 28,251 | 24,989 | 23,633 | ||
Net loan-loss provisions | (10,509) | (7,436) | (12,174) | ||
Other gains (losses) and provisions | (2,492) | (2,293) | (1,785) | ||
Operating profit/(loss) before tax | 15,250 | 15,260 | 9,674 | ||
Tax on profit | (4,486) | (5,076) | (3,516) | ||
Profit/(loss) from continuing operations | 10,764 | 10,184 | 6,158 | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 10,764 | 10,184 | 6,158 | ||
Non-controlling interests | 1,159 | 1,530 | 1,077 | ||
Attributable profit to the parent | 9,605 | 8,654 | 5,081 | ||
Release of provision corresponding to results from commitments and contingent risks | (27) | 29 | 50 | ||
Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 1,036,004 | 972,682 | 916,199 | ||
Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 193,716 | 163,853 | 176,554 | ||
Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 1,025,401 | 918,344 | 849,310 | ||
Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 164,785 | 201,189 | 184,679 | ||
Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 280,339 | 246,163 | 235,269 | ||
Europe | Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | 12,565 | 10,574 | 9,518 | ||
Net fee income | 4,493 | 4,344 | 4,000 | ||
Gains (losses) on financial transactions | 821 | 756 | 868 | ||
Other operating income | 151 | 260 | (106) | ||
Total income | 18,030 | 15,934 | 14,280 | ||
Administrative expenses, depreciation and amortisation | (8,523) | (8,318) | (8,275) | ||
Net operating income | 9,507 | 7,616 | 6,005 | ||
Net loan-loss provisions | (2,396) | (2,293) | (3,345) | ||
Other gains (losses) and provisions | (1,629) | (1,290) | (970) | ||
Operating profit/(loss) before tax | 5,482 | 4,033 | 1,690 | ||
Tax on profit | (1,492) | (1,212) | (476) | ||
Profit/(loss) from continuing operations | 3,990 | 2,821 | 1,214 | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 3,990 | 2,821 | 1,214 | ||
Non-controlling interests | 179 | 71 | 78 | ||
Attributable profit to the parent | 3,811 | 2,750 | 1,136 | ||
North America | Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | 9,705 | 8,072 | 8,394 | ||
Net fee income | 1,958 | 1,644 | 1,684 | ||
Gains (losses) on financial transactions | 204 | 224 | 251 | ||
Other operating income | 449 | 914 | 628 | ||
Total income | 12,316 | 10,854 | 10,957 | ||
Administrative expenses, depreciation and amortisation | (5,871) | (4,967) | (4,677) | ||
Net operating income | 6,445 | 5,887 | 6,280 | ||
Net loan-loss provisions | (2,538) | (1,210) | (3,917) | ||
Other gains (losses) and provisions | (118) | (145) | (132) | ||
Operating profit/(loss) before tax | 3,789 | 4,532 | 2,231 | ||
Tax on profit | (869) | (1,016) | (550) | ||
Profit/(loss) from continuing operations | 2,920 | 3,516 | 1,681 | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 2,920 | 3,516 | 1,681 | ||
Non-controlling interests | 43 | 556 | 261 | ||
Attributable profit to the parent | 2,877 | 2,960 | 1,420 | ||
South America | Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | 12,979 | 11,307 | 10,710 | ||
Net fee income | 4,515 | 3,721 | 3,589 | ||
Gains (losses) on financial transactions | 1,291 | 716 | 765 | ||
Other operating income | (761) | (407) | (209) | ||
Total income | 18,024 | 15,337 | 14,855 | ||
Administrative expenses, depreciation and amortisation | (6,675) | (5,379) | (5,357) | ||
Net operating income | 11,349 | 9,958 | 9,498 | ||
Net loan-loss provisions | (5,041) | (3,251) | (3,924) | ||
Other gains (losses) and provisions | (544) | (474) | (320) | ||
Operating profit/(loss) before tax | 5,764 | 6,233 | 5,254 | ||
Tax on profit | (1,549) | (2,360) | (1,918) | ||
Profit/(loss) from continuing operations | 4,215 | 3,873 | 3,336 | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 4,215 | 3,873 | 3,336 | ||
Non-controlling interests | 557 | 556 | 437 | ||
Attributable profit to the parent | 3,658 | 3,317 | 2,899 | ||
Digital Consumer Bank | Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | 4,022 | 4,041 | 4,014 | ||
Net fee income | 843 | 821 | 771 | ||
Gains (losses) on financial transactions | 60 | 8 | 16 | ||
Other operating income | 344 | 229 | 116 | ||
Total income | 5,269 | 5,099 | 4,917 | ||
Administrative expenses, depreciation and amortisation | (2,462) | (2,405) | (2,329) | ||
Net operating income | 2,807 | 2,694 | 2,588 | ||
Net loan-loss provisions | (544) | (527) | (957) | ||
Other gains (losses) and provisions | (27) | (194) | 49 | ||
Operating profit/(loss) before tax | 2,236 | 1,973 | 1,680 | ||
Tax on profit | (549) | (464) | (421) | ||
Profit/(loss) from continuing operations | 1,687 | 1,509 | 1,259 | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | 1,687 | 1,509 | 1,259 | ||
Non-controlling interests | 379 | 345 | 301 | ||
Attributable profit to the parent | 1,308 | 1,164 | 958 | ||
Corporate Centre | Underlying results | |||||
Underlying income statement (condensed) | |||||
Net interest income | (652) | (624) | (642) | ||
Net fee income | (19) | (28) | (29) | ||
Gains (losses) on financial transactions | (723) | (141) | 287 | ||
Other operating income | (91) | (27) | (25) | ||
Total income | (1,485) | (820) | (409) | ||
Administrative expenses, depreciation and amortisation | (372) | (346) | (329) | ||
Net operating income | (1,857) | (1,166) | (738) | ||
Net loan-loss provisions | 10 | (155) | (31) | ||
Other gains (losses) and provisions | (174) | (190) | (412) | ||
Operating profit/(loss) before tax | (2,021) | (1,511) | (1,181) | ||
Tax on profit | (27) | (24) | (151) | ||
Profit/(loss) from continuing operations | (2,048) | (1,535) | (1,332) | ||
Net profit from discontinued operations | 0 | 0 | 0 | ||
Profit/(loss) for the year | (2,048) | (1,535) | (1,332) | ||
Non-controlling interests | 1 | 2 | 0 | ||
Attributable profit to the parent | (2,049) | (1,537) | (1,332) | ||
Operating segment | Europe | |||||
Balance sheet (condensed) | |||||
Total assets | 958,207 | 943,875 | 909,304 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 216,308 | 219,154 | 180,245 | ||
Other financial assets | 47,737 | 37,250 | 48,313 | ||
Other asset accounts | 26,564 | 29,793 | 35,894 | ||
Total liabilities | 915,167 | 899,007 | 866,949 | ||
Other financial liabilities | 60,008 | 38,706 | 54,634 | ||
Other liabilities accounts | 11,621 | 10,929 | 11,788 | ||
Total equity | 43,040 | 44,868 | 42,355 | ||
Other customer funds under management | 100,178 | 114,698 | 99,301 | ||
Investment funds | 70,084 | 82,641 | 71,239 | ||
Pension funds | 13,940 | 15,994 | 15,487 | ||
Assets under management | 16,154 | 16,063 | 12,575 | ||
Other non-managed marketed customer funds | 23,305 | 25,572 | 21,913 | ||
Operating segment | Europe | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 591,280 | 590,610 | 563,581 | ||
Operating segment | Europe | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 76,318 | 67,068 | 81,271 | ||
Operating segment | Europe | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 659,553 | 619,486 | 582,353 | ||
Operating segment | Europe | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 112,254 | 156,257 | 133,973 | ||
Operating segment | Europe | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 71,731 | 73,629 | 84,201 | ||
Operating segment | North America | |||||
Balance sheet (condensed) | |||||
Total assets | 288,595 | 244,734 | 223,797 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 35,607 | 34,857 | 28,666 | ||
Other financial assets | 14,668 | 12,555 | 15,439 | ||
Other asset accounts | 22,741 | 21,394 | 20,718 | ||
Total liabilities | 262,931 | 216,048 | 199,789 | ||
Other financial liabilities | 20,883 | 14,652 | 16,182 | ||
Other liabilities accounts | 6,943 | 6,194 | 6,029 | ||
Total equity | 25,664 | 28,686 | 24,008 | ||
Other customer funds under management | 15,571 | 13,949 | 12,501 | ||
Investment funds | 13,949 | 12,112 | 10,864 | ||
Pension funds | 81 | 84 | 90 | ||
Assets under management | 1,541 | 1,753 | 1,547 | ||
Other non-managed marketed customer funds | 20,908 | 20,213 | 15,920 | ||
Operating segment | North America | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 171,519 | 137,428 | 120,571 | ||
Operating segment | North America | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 44,060 | 38,500 | 38,403 | ||
Operating segment | North America | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 168,748 | 121,989 | 102,924 | ||
Operating segment | North America | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 25,294 | 35,152 | 38,071 | ||
Operating segment | North America | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 41,063 | 38,061 | 36,583 | ||
Operating segment | South America | |||||
Balance sheet (condensed) | |||||
Total assets | 292,925 | 257,805 | 238,746 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 52,358 | 43,134 | 43,154 | ||
Other financial assets | 19,854 | 23,809 | 17,342 | ||
Other asset accounts | 18,795 | 15,491 | 15,201 | ||
Total liabilities | 268,417 | 237,375 | 218,927 | ||
Other financial liabilities | 41,445 | 40,490 | 35,456 | ||
Other liabilities accounts | 11,327 | 8,610 | 8,334 | ||
Total equity | 24,508 | 20,430 | 19,819 | ||
Other customer funds under management | 65,251 | 57,428 | 55,965 | ||
Investment funds | 58,156 | 51,234 | 49,850 | ||
Pension funds | 0 | 0 | 0 | ||
Assets under management | 7,095 | 6,194 | 6,115 | ||
Other non-managed marketed customer funds | 1,077 | 103 | 72 | ||
Operating segment | South America | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 144,812 | 123,920 | 113,745 | ||
Operating segment | South America | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 57,106 | 51,451 | 49,304 | ||
Operating segment | South America | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 137,661 | 120,500 | 111,808 | ||
Operating segment | South America | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 42,921 | 44,314 | 42,049 | ||
Operating segment | South America | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 35,063 | 23,461 | 21,280 | ||
Operating segment | Digital Consumer Bank | |||||
Balance sheet (condensed) | |||||
Total assets | 151,015 | 148,005 | 137,155 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 12,311 | 21,804 | 12,058 | ||
Other financial assets | 190 | 47 | 30 | ||
Other asset accounts | 8,262 | 6,937 | 6,150 | ||
Total liabilities | 137,986 | 135,599 | 124,720 | ||
Other financial liabilities | 1,820 | 1,397 | 1,370 | ||
Other liabilities accounts | 4,704 | 4,565 | 3,940 | ||
Total equity | 13,029 | 12,406 | 12,435 | ||
Other customer funds under management | 880 | 852 | 475 | ||
Investment funds | 0 | 0 | 0 | ||
Pension funds | 0 | 0 | 0 | ||
Assets under management | 880 | 852 | 475 | ||
Other non-managed marketed customer funds | 3,089 | 2,497 | 658 | ||
Operating segment | Digital Consumer Bank | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 122,608 | 113,937 | 113,258 | ||
Operating segment | Digital Consumer Bank | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 7,644 | 5,280 | 5,659 | ||
Operating segment | Digital Consumer Bank | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 58,544 | 55,327 | 51,399 | ||
Operating segment | Digital Consumer Bank | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 39,169 | 37,600 | 32,046 | ||
Operating segment | Digital Consumer Bank | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 33,749 | 36,710 | 35,965 | ||
Corporate non segment | Corporate Centre | |||||
Balance sheet (condensed) | |||||
Total assets | 262,218 | 215,467 | 182,587 | ||
Cash, balances at central banks and credit institutions and other deposits on demand | 123,230 | 88,918 | 61,174 | ||
Other financial assets | 271 | 2,203 | 1,645 | ||
Other asset accounts | 124,344 | 116,005 | 112,807 | ||
Total liabilities | 178,651 | 135,950 | 106,044 | ||
Other financial liabilities | 309 | 430 | 493 | ||
Other liabilities accounts | 7,489 | 7,113 | 9,444 | ||
Total equity | 83,567 | 79,517 | 76,543 | ||
Other customer funds under management | 0 | 0 | 12 | ||
Investment funds | 0 | 0 | 12 | ||
Pension funds | 0 | 0 | 0 | ||
Assets under management | 0 | 0 | 0 | ||
Other non-managed marketed customer funds | 0 | 0 | 0 | ||
Corporate non segment | Corporate Centre | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 5,785 | 6,787 | 5,044 | ||
Corporate non segment | Corporate Centre | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 8,588 | 1,554 | 1,917 | ||
Corporate non segment | Corporate Centre | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 895 | 1,042 | 826 | ||
Corporate non segment | Corporate Centre | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 71,225 | 53,063 | 38,041 | ||
Corporate non segment | Corporate Centre | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 98,733 | 74,302 | 57,240 | ||
Intra-Group eliminations | |||||
Balance sheet (condensed) | |||||
Total assets | (218,301) | (214,051) | (183,339) | ||
Cash, balances at central banks and credit institutions and other deposits on demand | (126,078) | (125,195) | (99,501) | ||
Other financial assets | 0 | 0 | 0 | ||
Other asset accounts | (92,223) | (88,856) | (83,838) | ||
Total liabilities | (126,078) | (125,197) | (99,501) | ||
Other financial liabilities | 0 | 0 | 0 | ||
Other liabilities accounts | 0 | 0 | 0 | ||
Total equity | (92,223) | (88,854) | (83,838) | ||
Other customer funds under management | 0 | 0 | 0 | ||
Investment funds | 0 | 0 | 0 | ||
Pension funds | 0 | 0 | 0 | ||
Assets under management | 0 | 0 | 0 | ||
Other non-managed marketed customer funds | 0 | 0 | 0 | ||
Intra-Group eliminations | Loans and advances to customers | |||||
Balance sheet (condensed) | |||||
Financial assets | 0 | 0 | 0 | ||
Intra-Group eliminations | Debt securities | |||||
Balance sheet (condensed) | |||||
Financial assets | 0 | 0 | 0 | ||
Intra-Group eliminations | Customer deposits | |||||
Balance sheet (condensed) | |||||
Financial liabilities | 0 | 0 | 0 | ||
Intra-Group eliminations | Central banks and credit institutions | |||||
Balance sheet (condensed) | |||||
Financial liabilities | (126,078) | (125,197) | (99,501) | ||
Intra-Group eliminations | Marketable debt securities | |||||
Balance sheet (condensed) | |||||
Financial liabilities | € 0 | € 0 | € 0 |
Primary and secondary segment_5
Primary and secondary segments reporting - Schedule of condensed balance sheets and condensed income statements by secondary segments (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Underlying income statement (condensed) | ||||
Net interest income | € 38,619 | € 33,370 | € 31,994 | |
Net fee income | 11,790 | 10,502 | 10,015 | |
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | |
Other operating income | 55 | 969 | 83 | |
Total income | 52,117 | 46,404 | 44,279 | |
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (21,130) | |
Net operating income | 28,214 | 24,989 | 23,149 | |
Net loan-loss provisions | (10,836) | (7,436) | (12,432) | |
Other gains (losses) and provisions | (2,128) | (3,006) | (12,793) | |
Operating profit/(loss) before tax | € 3,829 | 15,250 | 14,547 | (2,076) |
Tax on profit | € (69) | (4,486) | (4,894) | (5,632) |
Profit/(loss) from continuing operations | 10,764 | 9,653 | (7,708) | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 10,764 | 9,653 | (7,708) | |
Non-controlling interests | 1,159 | 1,529 | 1,063 | |
Attributable profit to the parent | 9,605 | 8,124 | (8,771) | |
Release of provision corresponding to results from commitments and contingent risks | 29 | 50 | ||
Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | 38,619 | 33,370 | 31,994 | |
Net fee income | 11,790 | 10,502 | 10,015 | |
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | |
Other operating income | 92 | 969 | 404 | |
Total income | 52,154 | 46,404 | 44,600 | |
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (20,967) | |
Net operating income | 28,251 | 24,989 | 23,633 | |
Net loan-loss provisions | (10,509) | (7,436) | (12,174) | |
Other gains (losses) and provisions | (2,492) | (2,293) | (1,785) | |
Operating profit/(loss) before tax | 15,250 | 15,260 | 9,674 | |
Tax on profit | (4,486) | (5,076) | (3,516) | |
Profit/(loss) from continuing operations | 10,764 | 10,184 | 6,158 | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 10,764 | 10,184 | 6,158 | |
Non-controlling interests | 1,159 | 1,530 | 1,077 | |
Attributable profit to the parent | 9,605 | 8,654 | 5,081 | |
Release of provision corresponding to results from commitments and contingent risks | (27) | |||
Retail Banking | Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | 34,880 | 30,595 | 29,401 | |
Net fee income | 7,650 | 7,045 | 6,986 | |
Gains (losses) on financial transactions | 435 | 839 | 1,132 | |
Other operating income | (280) | 390 | (153) | |
Total income | 42,685 | 38,869 | 37,366 | |
Administrative expenses, depreciation and amortisation | (18,568) | (17,102) | (17,285) | |
Net operating income | 24,117 | 21,767 | 20,081 | |
Net loan-loss provisions | (10,210) | (7,082) | (11,633) | |
Other gains (losses) and provisions | (2,135) | (2,053) | (1,238) | |
Operating profit/(loss) before tax | 11,772 | 12,632 | 7,210 | |
Tax on profit | (2,931) | (3,898) | (2,328) | |
Profit/(loss) from continuing operations | 8,841 | 8,734 | 4,882 | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 8,841 | 8,734 | 4,882 | |
Non-controlling interests | 895 | 1,345 | 921 | |
Attributable profit to the parent | 7,946 | 7,389 | 3,961 | |
Santander Corporate & Investment Banking | Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | 3,544 | 2,921 | 2,842 | |
Net fee income | 1,988 | 1,744 | 1,542 | |
Gains (losses) on financial transactions | 1,833 | 766 | 670 | |
Other operating income | 31 | 188 | 202 | |
Total income | 7,396 | 5,619 | 5,256 | |
Administrative expenses, depreciation and amortisation | (2,898) | (2,380) | (2,038) | |
Net operating income | 4,498 | 3,239 | 3,218 | |
Net loan-loss provisions | (251) | (151) | (470) | |
Other gains (losses) and provisions | (131) | (17) | (134) | |
Operating profit/(loss) before tax | 4,116 | 3,071 | 2,614 | |
Tax on profit | (1,119) | (821) | (750) | |
Profit/(loss) from continuing operations | 2,997 | 2,250 | 1,864 | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 2,997 | 2,250 | 1,864 | |
Non-controlling interests | 192 | 137 | 118 | |
Attributable profit to the parent | 2,805 | 2,113 | 1,746 | |
Wealth Management & Insurance | Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | 825 | 477 | 394 | |
Net fee income | 1,291 | 1,248 | 1,154 | |
Gains (losses) on financial transactions | 123 | 100 | 99 | |
Other operating income | 369 | 416 | 383 | |
Total income | 2,608 | 2,241 | 2,030 | |
Administrative expenses, depreciation and amortisation | (1,041) | (914) | (872) | |
Net operating income | 1,567 | 1,327 | 1,158 | |
Net loan-loss provisions | (14) | (38) | (28) | |
Other gains (losses) and provisions | (26) | 6 | 1 | |
Operating profit/(loss) before tax | 1,527 | 1,295 | 1,131 | |
Tax on profit | (347) | (309) | (272) | |
Profit/(loss) from continuing operations | 1,180 | 986 | 859 | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 1,180 | 986 | 859 | |
Non-controlling interests | 60 | 44 | 37 | |
Attributable profit to the parent | 1,120 | 942 | 822 | |
PagoNxt | Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | 22 | 1 | (1) | |
Net fee income | 881 | 493 | 362 | |
Gains (losses) on financial transactions | (14) | (1) | (1) | |
Other operating income | 64 | 2 | (3) | |
Total income | 953 | 495 | 357 | |
Administrative expenses, depreciation and amortisation | (1,024) | (673) | (443) | |
Net operating income | (71) | (178) | (86) | |
Net loan-loss provisions | (44) | (10) | (12) | |
Other gains (losses) and provisions | (26) | (39) | (2) | |
Operating profit/(loss) before tax | (141) | (227) | (100) | |
Tax on profit | (63) | (24) | (15) | |
Profit/(loss) from continuing operations | (204) | (251) | (115) | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | (204) | (251) | (115) | |
Non-controlling interests | 12 | 2 | 1 | |
Attributable profit to the parent | (216) | (253) | (116) | |
Corporate Centre | Underlying results | ||||
Underlying income statement (condensed) | ||||
Net interest income | (652) | (624) | (642) | |
Net fee income | (19) | (28) | (29) | |
Gains (losses) on financial transactions | (723) | (141) | 287 | |
Other operating income | (91) | (27) | (25) | |
Total income | (1,485) | (820) | (409) | |
Administrative expenses, depreciation and amortisation | (372) | (346) | (329) | |
Net operating income | (1,857) | (1,166) | (738) | |
Net loan-loss provisions | 10 | (155) | (31) | |
Other gains (losses) and provisions | (174) | (190) | (412) | |
Operating profit/(loss) before tax | (2,021) | (1,511) | (1,181) | |
Tax on profit | (27) | (24) | (151) | |
Profit/(loss) from continuing operations | (2,048) | (1,535) | (1,332) | |
Net profit from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | (2,048) | (1,535) | (1,332) | |
Non-controlling interests | 1 | 2 | 0 | |
Attributable profit to the parent | € (2,049) | € (1,537) | € (1,332) |
Primary and secondary segment_6
Primary and secondary segments reporting - Schedule of reconciliation of consolidated profit after tax to operating profit before tax (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of underlying results to statutory results | ||||
Net interest income | € 38,619 | € 33,370 | € 31,994 | |
Net fee income | 11,790 | 10,502 | 10,015 | |
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | |
Other operating income | 55 | 969 | 83 | |
Total income | 52,117 | 46,404 | 44,279 | |
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (21,130) | |
Net operating income | 28,214 | 24,989 | 23,149 | |
Net loan-loss provisions | (10,836) | (7,436) | (12,432) | |
Other gains (losses) and provisions | (2,128) | (3,006) | (12,793) | |
Operating profit/(loss) before tax | € 3,829 | 15,250 | 14,547 | (2,076) |
Tax on profit | € (69) | (4,486) | (4,894) | (5,632) |
Profit/(loss) from continuing operations | 10,764 | 9,653 | (7,708) | |
Profit from discontinued operations (net) | 0 | 0 | 0 | |
Profit/(loss) for the year | 10,764 | 9,653 | (7,708) | |
Non-controlling interests | 1,159 | 1,529 | 1,063 | |
Attributable profit to the parent | 9,605 | 8,124 | (8,771) | |
Release of provision corresponding to results from commitments and contingent risks | (27) | 29 | 50 | |
Underlying results | ||||
Reconciliation of underlying results to statutory results | ||||
Net interest income | 38,619 | 33,370 | 31,994 | |
Net fee income | 11,790 | 10,502 | 10,015 | |
Gains (losses) on financial transactions | 1,653 | 1,563 | 2,187 | |
Other operating income | 92 | 969 | 404 | |
Total income | 52,154 | 46,404 | 44,600 | |
Administrative expenses, depreciation and amortisation | (23,903) | (21,415) | (20,967) | |
Net operating income | 28,251 | 24,989 | 23,633 | |
Net loan-loss provisions | (10,509) | (7,436) | (12,174) | |
Other gains (losses) and provisions | (2,492) | (2,293) | (1,785) | |
Operating profit/(loss) before tax | 15,250 | 15,260 | 9,674 | |
Tax on profit | (4,486) | (5,076) | (3,516) | |
Profit/(loss) from continuing operations | 10,764 | 10,184 | 6,158 | |
Profit from discontinued operations (net) | 0 | 0 | 0 | |
Profit/(loss) for the year | 10,764 | 10,184 | 6,158 | |
Non-controlling interests | 1,159 | 1,530 | 1,077 | |
Attributable profit to the parent | 9,605 | 8,654 | 5,081 | |
Release of provision corresponding to results from commitments and contingent risks | (27) | 29 | 50 | |
Adjustments | ||||
Reconciliation of underlying results to statutory results | ||||
Net interest income | 0 | 0 | 0 | |
Net fee income | 0 | 0 | 0 | |
Gains (losses) on financial transactions | 0 | 0 | 0 | |
Other operating income | (37) | 0 | (321) | |
Total income | (37) | 0 | (321) | |
Administrative expenses, depreciation and amortisation | 0 | 0 | (163) | |
Net operating income | (37) | 0 | (484) | |
Net loan-loss provisions | (327) | 0 | (258) | |
Other gains (losses) and provisions | 364 | (713) | (11,008) | |
Operating profit/(loss) before tax | 0 | (713) | (11,750) | |
Tax on profit | 0 | 182 | (2,116) | |
Profit/(loss) from continuing operations | 0 | (531) | (13,866) | |
Profit from discontinued operations (net) | 0 | 0 | 0 | |
Profit/(loss) for the year | 0 | (531) | (13,866) | |
Non-controlling interests | 0 | (1) | (14) | |
Attributable profit to the parent | € 0 | € (530) | € (13,852) |
Primary and secondary segment_7
Primary and secondary segments reporting - Secondary segments, narrative (Details) - Adjustments - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | ||
Restructuring expense, net of tax | € (1,114) | |
Change in valuation of goodwill from acquisitions | (10,100) | |
Other charges | (138) | |
United Kingdom and Portugal | ||
Disclosure of operating segments [line items] | ||
Restructuring expense, net of tax | € (530) | |
Spain | ||
Disclosure of operating segments [line items] | ||
Change in valuation of deferred tax asset | € (2,500) |
Related parties (Details)
Related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Associates and joint ventures | |||
Disclosure of transactions between related parties [line items] | |||
Assets | € 10,257 | € 9,386 | € 8,473 |
Liabilities | 3,611 | 3,405 | 3,593 |
Income statement | 1,357 | 1,265 | 1,269 |
Interest income | 189 | 90 | 106 |
Interest expense | (60) | (13) | (8) |
Gains/losses on financial assets and liabilities and others | (225) | (32) | 49 |
Commission income | 1,541 | 1,268 | 1,154 |
Commission expense | (88) | (48) | (32) |
Other | 3,535 | 3,965 | 4,097 |
Financial guarantees granted and Others | 11 | 11 | 14 |
Loan commitments and Other commitments granted | 201 | 314 | 253 |
Derivative financial instruments | 3,323 | 3,640 | 3,830 |
Associates and joint ventures | Financial liabilities: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 938 | 867 | 944 |
Associates and joint ventures | Financial liabilities: customers | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 2,301 | 2,464 | 2,557 |
Associates and joint ventures | Marketable debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 12 |
Associates and joint ventures | Others | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 372 | 74 | 80 |
Associates and joint ventures | Cash, cash balances at central banks and other deposits on demand | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 227 | 131 | 151 |
Associates and joint ventures | Loans and advances: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 489 | 437 | 562 |
Associates and joint ventures | Loans and advances: customers | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 8,822 | 8,148 | 6,934 |
Associates and joint ventures | Debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 463 | 496 | 423 |
Associates and joint ventures | Others | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 256 | 174 | 403 |
Members of the board of directors | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Liabilities | 11 | 8 | 4 |
Income statement | 0 | 0 | 0 |
Interest income | 0 | 0 | 0 |
Interest expense | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others | 0 | 0 | 0 |
Commission income | 0 | 0 | 0 |
Commission expense | 0 | 0 | 0 |
Other | 2 | 2 | 1 |
Financial guarantees granted and Others | 1 | 1 | 0 |
Loan commitments and Other commitments granted | 1 | 1 | 1 |
Derivative financial instruments | 0 | 0 | 0 |
Members of the board of directors | Financial liabilities: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Members of the board of directors | Financial liabilities: customers | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 11 | 8 | 4 |
Members of the board of directors | Marketable debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Members of the board of directors | Others | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Members of the board of directors | Cash, cash balances at central banks and other deposits on demand | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Members of the board of directors | Loans and advances: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Members of the board of directors | Loans and advances: customers | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Members of the board of directors | Debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Members of the board of directors | Others | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Executive vicepresident | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 13 | 14 | 24 |
Liabilities | 11 | 11 | 16 |
Income statement | 0 | 0 | 0 |
Interest income | 0 | 0 | 0 |
Interest expense | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others | 0 | 0 | 0 |
Commission income | 0 | 0 | 0 |
Commission expense | 0 | 0 | 0 |
Other | 2 | 2 | 1 |
Financial guarantees granted and Others | 1 | 1 | 0 |
Loan commitments and Other commitments granted | 1 | 1 | 1 |
Derivative financial instruments | 0 | 0 | 0 |
Executive vicepresident | Financial liabilities: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Executive vicepresident | Financial liabilities: customers | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 11 | 11 | 16 |
Executive vicepresident | Marketable debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Executive vicepresident | Others | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Executive vicepresident | Cash, cash balances at central banks and other deposits on demand | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Executive vicepresident | Loans and advances: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Executive vicepresident | Loans and advances: customers | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 13 | 14 | 24 |
Executive vicepresident | Debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Executive vicepresident | Others | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Other related parties | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 455 | 384 | 95 |
Liabilities | 109 | 197 | 159 |
Income statement | 2 | 1 | 3 |
Interest income | 1 | 1 | 2 |
Interest expense | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others | 0 | 0 | 0 |
Commission income | 1 | 0 | 1 |
Commission expense | 0 | 0 | 0 |
Other | 79 | 76 | 52 |
Financial guarantees granted and Others | 23 | 17 | 3 |
Loan commitments and Other commitments granted | 13 | 13 | 13 |
Derivative financial instruments | 43 | 46 | 36 |
Other related parties | Financial liabilities: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Other related parties | Financial liabilities: customers | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 109 | 197 | 159 |
Other related parties | Marketable debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Other related parties | Others | |||
Disclosure of transactions between related parties [line items] | |||
Liabilities | 0 | 0 | 0 |
Other related parties | Cash, cash balances at central banks and other deposits on demand | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Other related parties | Loans and advances: credit institutions | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Other related parties | Loans and advances: customers | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 455 | 384 | 95 |
Other related parties | Debt securities | |||
Disclosure of transactions between related parties [line items] | |||
Assets | 0 | 0 | 0 |
Other related parties | Others | |||
Disclosure of transactions between related parties [line items] | |||
Assets | € 0 | € 0 | € 0 |
Risk management - Risk principl
Risk management - Risk principles and culture (Details) | 12 Months Ended |
Dec. 31, 2022 linesOfDefense | |
Risk Management [Abstract] | |
Risk management and control model, number of lines of defense | 3 |
Risk management - Credit risk (
Risk management - Credit risk (Details) € in Millions | 12 Months Ended | 36 Months Ended | ||||
Dec. 31, 2022 EUR (€) scenario customer method phase stage | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2019 EUR (€) | |
Disclosure of credit risk exposure [line items] | ||||||
Collection and recovery management, number of phases | phase | 4 | |||||
Non-performing rate | 3.08% | 3.16% | 3.21% | |||
Management overlays | € 1,471 | € 1,232 | ||||
Percentage of total provisions for the most relevant units of the Group | 96% | |||||
Maximum exposure to credit risk | € 949,583 | 903,646 | € 861,432 | |||
Impairment losses | 22,854 | 22,125 | 23,422 | |||
Financial assets | 193,716 | 163,853 | 176,554 | |||
Investments | € 7,615 | € 7,525 | 7,622 | € 8,772 | ||
Inflation rate | 94.80% | 50.90% | 48% | 147% | ||
Number of methods used to measure exposure to counterparty credit risk | method | 2 | |||||
Percentage of forbearance portfolio increase | 24% | |||||
Forbearance portfolio | € 34,173 | |||||
Performing loans, number of days past due criteria | 90 days | |||||
"Large Exposures" Customers | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Number of largest groups | customer | 20 | |||||
Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 34,673 | € 33,234 | 31,767 | |||
Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Management overlays | 328 | |||||
Maximum exposure to credit risk | 245,070 | 247,678 | 241,300 | |||
Impairment losses | € 1,032 | 967 | 1,448 | |||
Number of prospective macroeconomic scenarios | scenario | 5 | |||||
PD percentage increase from initial recognition | 100% | |||||
Minimum period of irregular positions to consider significant increase in risk | 30 days | |||||
Evolution projection period | 5 years | |||||
Accumulated impairment | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | € (226) | (215) | (284) | |||
Financial instruments not credit-impaired | Stage 1 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 850,779 | 802,967 | 766,034 | |||
Impairment losses | 3,807 | 4,149 | 4,458 | |||
Maximum exposure, financial instruments not included elsewhere | 538,364 | 349,228 | 478,093 | |||
Financial instruments not credit-impaired | Stage 1 | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 221,566 | 223,481 | 219,030 | |||
Impairment losses | 166 | 135 | 223 | |||
Financial instruments not credit-impaired | Stage 1 | Gross carrying amount | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 148,384 | 133,437 | 134,792 | |||
Financial instruments not credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 66,196 | 69,968 | 64,962 | |||
Impairment losses | 5,195 | 5,103 | 5,461 | |||
Financial instruments not credit-impaired | Stage 2 and 3 | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 20,445 | 20,689 | 19,041 | |||
Impairment losses | 529 | 372 | 557 | |||
Financial instruments not credit-impaired | Stage 2 and 3 | Gross carrying amount | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 75 | 128 | 72 | |||
Financial instruments credit-impaired | Gross carrying amount | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 32,888 | |||||
Financial instruments credit-impaired | Gross carrying amount | With mortgage guarantee | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 10,909 | |||||
Financial instruments credit-impaired | Accumulated impairment | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | (13,931) | |||||
Financial instruments credit-impaired | Accumulated impairment | With mortgage guarantee | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | (2,889) | |||||
Financial instruments credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 32,608 | 30,711 | 30,436 | |||
Impairment losses | 13,852 | 12,873 | 13,503 | |||
Financial instruments credit-impaired | Stage 2 and 3 | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 3,059 | 3,508 | 3,229 | |||
Impairment losses | 337 | 460 | 668 | |||
Financial instruments credit-impaired | Stage 2 and 3 | Gross carrying amount | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 404 | 280 | 401 | |||
Financial instruments purchased credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | € 322 | 420 | 497 | |||
Credit risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Number of credit risk categories | stage | 3 | |||||
Risk exposure associated with instruments sharing characteristic | € 1,704,260 | |||||
Credit risk | "Large Exposures" Customers | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Credit exposure percentage | 5.60% | |||||
Large exposure threshold percentage | 10% | |||||
Maximum percentage of eligible capital allowed under regulation | 25% | |||||
Local sovereign other than official currency risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Risk exposure associated with instruments sharing characteristic | € 6,039 | |||||
Percentage of total sovereign risk | 1.40% | |||||
Non-local sovereign cross border risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Risk exposure associated with instruments sharing characteristic | € 8,867 | |||||
Percentage of total sovereign risk | 2.10% | |||||
Maximum | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 3.60% | |||||
Minimum | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 0.30% | |||||
Other units | Financial instruments not credit-impaired | Stage 1 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | € 123,796 | 102,631 | 98,121 | |||
Impairment losses | 147 | 408 | 180 | |||
Other units | Financial instruments not credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 2,902 | 1,870 | 3,613 | |||
Impairment losses | 123 | 322 | 393 | |||
Other units | Financial instruments credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 2,064 | 2,522 | 1,322 | |||
Impairment losses | € 294 | 841 | 277 | |||
Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage decrease in non-performing loans ratio | 1.45% | |||||
Non-performing rate | 3.27% | |||||
Management overlays | € 274 | |||||
Maximum exposure to credit risk | 212,593 | 214,761 | 214,442 | |||
Impairment losses | € 4,645 | 6,007 | 6,488 | |||
Decrease in credit risk with customers, percentage | (3.30%) | |||||
Risk exposure associated with instruments sharing characteristic | € 293,197 | |||||
Percent at risk | 26% | |||||
ICO loans | € 25,428 | |||||
Coverage rate | 51% | |||||
Cost of credit | 0.61% | |||||
Decrease in cost of credit | (0.31%) | |||||
Evolution projection period | 5 years | |||||
Spain | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 2,971 | € 3,591 | € 3,962 | |||
Investments | 439 | |||||
Spain | Foreclosed properties | Project Quasar Investments 2017, S.L. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Investments | 405 | |||||
Spain | Foreclosed Equity Instruments | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Investments | € 15 | |||||
Spain | SMEs and Corporates | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 5.79% | |||||
Risk exposure associated with instruments sharing characteristic | € 112,255 | |||||
Percent at risk | 39% | |||||
Decrease in risk exposure | 2.30% | |||||
Decrease in portfolio of SMEs | 4.30% | |||||
Decrease in non-performing ratio | 1.71% | |||||
Spain | Home purchase loans | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Debt-to-income ratio | 26% | 27% | 27% | |||
Spain | Home purchase loans | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 385 | |||||
Spain | Home purchase loans | Retail and commercial banking | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage of portfolio with LTV less than 80% | 93% | |||||
Spain | Home purchase loans | With mortgage guarantee | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage secured by mortgage | 99.55% | 99.33% | 99.35% | |||
Spain | Construction and property development | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 2,490 | |||||
Spain | Construction and property development | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Risk exposure associated with instruments sharing characteristic | 211 | |||||
Financial assets | € 2,327 | € 2,625 | € 2,871 | € 2,939 | ||
Spain | Construction and property development | Credit impaired | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 4.04% | 5.07% | 6.13% | |||
Risk exposure associated with instruments sharing characteristic | € 21 | |||||
Coverage rate | 35.11% | 30.08% | 32.95% | |||
Spain | Gross carrying amount | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 6,422 | € 7,364 | € 7,937 | |||
Spain | Gross carrying amount | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 2,328 | |||||
Spain | Gross carrying amount | With mortgage guarantee | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 2,285 | |||||
Spain | Gross carrying amount | Home purchase loans | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 63,688 | 62,324 | 59,605 | |||
Spain | Gross carrying amount | Home purchase loans | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 659 | |||||
Spain | Gross carrying amount | Home purchase loans | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 1,088 | 1,860 | 1,850 | |||
Spain | Gross carrying amount | Home purchase loans | With mortgage guarantee | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 63,400 | 61,905 | 59,218 | |||
Spain | Gross carrying amount | Home purchase loans | With mortgage guarantee | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 1,064 | 1,745 | 1,775 | |||
Spain | Gross carrying amount | Construction and property development | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 5,587 | |||||
Spain | Gross carrying amount | Construction and property development | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 2,327 | |||||
Spain | Gross carrying amount | Construction and property development | Credit impaired | Real estate operations in Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | 94 | |||||
Spain | Accumulated impairment | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets | (1,311) | |||||
Spain | Accumulated impairment | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 3,451 | 3,773 | 3,975 | |||
Spain | Accumulated impairment | Home purchase loans | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 274 | |||||
Spain | Accumulated impairment | Construction and property development | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 3,097 | |||||
Spain | Impairment losses since time of foreclosure | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 2,526 | 2,729 | 2,834 | |||
Spain | Impairment losses since time of foreclosure | Home purchase loans | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 190 | |||||
Spain | Impairment losses since time of foreclosure | Construction and property development | Foreclosed properties | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | 2,275 | |||||
Spain | Financial instruments not credit-impaired | Stage 1 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 191,349 | 186,353 | 187,622 | |||
Impairment losses | 507 | 422 | 479 | |||
Spain | Financial instruments not credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 12,351 | 15,647 | 13,058 | |||
Impairment losses | 666 | 580 | 732 | |||
Spain | Financial instruments credit-impaired | Stage 2 and 3 | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 8,893 | 12,761 | 13,762 | |||
Impairment losses | 3,472 | 5,005 | € 5,277 | |||
Spain | Credit risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Risk exposure associated with instruments sharing characteristic | € 360,700 | |||||
Spain | Maximum | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 25% | |||||
SICR rating range | 0.1 | |||||
Estimated sensitivity rate range | 9.3 | |||||
Spain | Maximum | Home purchase loans | Less Than 80 % | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loan-to-value (LTV) ratio | 80% | |||||
Spain | Minimum | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 1% | |||||
SICR rating range | 4 | |||||
Estimated sensitivity rate range | 1 | |||||
Loans under government programs | Spain | Weighted average | Credit risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage of guarantee exposed | 77% | |||||
Percentage of guarantee secured | 77% | |||||
Loans under government programs | United Kingdom | Weighted average | Credit risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage of guarantee exposed | 12% | |||||
Percentage of guarantee secured | 98% | |||||
Forborne loan portfolio | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Financial assets with contractual cash flows modified during reporting period while loss allowance measured at lifetime expected credit losses | € 2,379 | 2,480 | ||||
Financial assets with modified contractual cash flows while loss allowance measured at lifetime expected credit losses | € 1,677 | € 1,868 | ||||
Forborne loan portfolio | Credit risk | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage of loans covered by specific allowance | 24% | |||||
Forborne loan portfolio | Credit risk | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Credit exposure percentage | 44% | |||||
Percentage of loans covered by specific allowance | 44% | |||||
Forborne loan portfolio | Credit risk | Performing | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Credit exposure percentage | 56% | |||||
Forborne loan portfolio | Credit risk | With mortgage guarantee | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage of loans secured | 44% | |||||
Europe | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage decrease in non-performing loans ratio | 0.75% | |||||
Non-performing rate | 2.37% | 3.12% | 3.34% | |||
Europe | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 15,186 | € 19,822 | € 20,272 | |||
Europe | United Kingdom | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 1.21% | 1.43% | 1.24% | |||
Europe | United Kingdom | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 3,059 | € 3,766 | € 3,138 | |||
Europe | Spain | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 3.27% | 4.72% | 5.16% | |||
Europe | Spain | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 9,598 | € 13,403 | € 14,053 | |||
North America | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 3.03% | 2.42% | 2.23% | |||
Percentage increase in non-performing loans ratio | 0.61% | |||||
Credit exposure percentage | 12.50% | |||||
North America | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 5,629 | € 3,632 | € 2,938 | |||
North America | United States | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 3.25% | 2.33% | 2.04% | |||
Risk exposure associated with instruments sharing characteristic | € 140,452 | |||||
North America | United States | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 4,571 | € 2,624 | € 2,025 | |||
North America | United States | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 1.80% | |||||
Percentage increase in non-performing loans ratio | 0.23% | |||||
Management overlays | € 215 | |||||
Maximum exposure to credit risk | 62,072 | 55,153 | 47,643 | |||
Impairment losses | € 707 | 622 | 702 | |||
Number of prospective macroeconomic scenarios | scenario | 4 | |||||
Minimum period of irregular positions to consider significant increase in risk | 30 days | |||||
Percentage increase in lending | 12.80% | |||||
Percentage increase in lending excluding exchange rate effect | 6.30% | |||||
Percentage increase in cost of credit | 0.36% | |||||
Evolution projection period | 5 years | |||||
North America | United States | Santander Bank, National Association | Individuals | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Credit exposure percentage | 54% | |||||
North America | United States | Santander Bank, National Association | Companies | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Credit exposure percentage | 46% | |||||
North America | United States | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 12.10% | |||||
Maximum exposure to credit risk | € 31,960 | 29,652 | 29,041 | |||
Impairment losses | € 3,356 | 2,837 | 3,457 | |||
Number of prospective macroeconomic scenarios | scenario | 4 | |||||
Minimum period of irregular positions to consider significant increase in risk | 30 days | |||||
Coverage rate | 87% | |||||
Decrease in nonperforming coverage ratio | (0.89%) | |||||
Cost of credit | 4.68% | |||||
Percentage increase in cost of credit | 3.14% | |||||
Percentage increase in nonperforming ratio | 5.84% | |||||
Evolution projection period | 5 years | |||||
North America | United States | Santander Consumer USA Holdings Inc. | Auto financing through loan and leasing | Stellantis Group | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 13,400 | |||||
Decrease in leases (in percentage) | 1.80% | |||||
North America | United States | Financial instruments not credit-impaired | Stage 1 | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | € 58,319 | 50,402 | 42,485 | |||
Impairment losses | 392 | 263 | 344 | |||
North America | United States | Financial instruments not credit-impaired | Stage 1 | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 22,470 | 20,094 | 23,179 | |||
Impairment losses | 672 | 524 | 911 | |||
North America | United States | Financial instruments not credit-impaired | Stage 2 and 3 | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 3,294 | 4,274 | 4,755 | |||
Impairment losses | 241 | 314 | 316 | |||
North America | United States | Financial instruments not credit-impaired | Stage 2 and 3 | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 5,620 | 7,900 | 4,843 | |||
Impairment losses | 1,232 | 1,741 | 1,820 | |||
North America | United States | Financial instruments credit-impaired | Stage 2 and 3 | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 459 | 477 | 403 | |||
Impairment losses | 74 | 45 | 42 | |||
North America | United States | Financial instruments credit-impaired | Stage 2 and 3 | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 3,870 | 1,658 | 1,019 | |||
Impairment losses | € 1,452 | € 572 | € 726 | |||
North America | United States | Maximum | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 1.20% | |||||
SICR rating range | 2 | |||||
Estimated sensitivity rate range | 9.3 | |||||
North America | United States | Maximum | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 1% | |||||
North America | United States | Minimum | Santander Bank, National Association | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 0.20% | |||||
SICR rating range | 0.1 | |||||
Estimated sensitivity rate range | 1 | |||||
North America | United States | Minimum | Santander Consumer USA Holdings Inc. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Threshold percentage in determining classification of Stage 2 | 0.60% | |||||
South America | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 6.20% | 4.50% | 4.39% | |||
Percentage increase in non-performing loans ratio | 1.70% | |||||
South America | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 10,381 | € 6,387 | € 5,688 | |||
South America | Brazil | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Non-performing rate | 7.57% | 4.88% | 4.59% | |||
Management overlays | € 181 | |||||
Decrease in credit risk with customers, percentage | (19.00%) | |||||
Risk exposure associated with instruments sharing characteristic | € 101,801 | |||||
Number of prospective macroeconomic scenarios | scenario | 3 | |||||
Cost of credit | 4.79% | 3.73% | ||||
Credit exposure percentage | 9% | |||||
Evolution projection period | 5 years | |||||
Percentage increase in credit risk, excluding exchange rate | 6.20% | |||||
Inflation rate | 5.80% | |||||
Provision for loan loss | € 4,417 | |||||
Decrease in provision for loan loss | 63% | |||||
Decrease in provision for loan loss in local currency (in percentage) | 38% | |||||
South America | Brazil | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 7,705 | € 4,182 | € 3,429 | |||
South America | Brazil | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 101,466 | 84,683 | 74,432 | |||
Impairment losses | € 6,128 | 4,651 | 3,879 | |||
Minimum period of irregular positions to consider significant increase in risk | 30 days | |||||
South America | Brazil | Real State, Consigned and Financial portfolio | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Minimum period of irregular positions to consider significant increase in risk | 60 days | |||||
South America | Brazil | Financial instruments not credit-impaired | Stage 1 | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | € 85,636 | 75,140 | 64,852 | |||
Impairment losses | 575 | 1,232 | 971 | |||
South America | Brazil | Financial instruments not credit-impaired | Stage 2 and 3 | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 8,125 | 5,361 | 6,151 | |||
Impairment losses | 1,219 | 909 | 776 | |||
South America | Brazil | Financial instruments credit-impaired | Stage 2 and 3 | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Maximum exposure to credit risk | 7,705 | 4,182 | 3,429 | |||
Impairment losses | € 4,334 | € 2,510 | € 2,132 | |||
South America | Brazil | Maximum | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Probability of default, absolute thresholds | 1% | |||||
Probability of default, relative thresholds | 50% | |||||
South America | Brazil | Minimum | Banco Santander (Brasil) S.A. | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Probability of default, absolute thresholds | 30% | |||||
Probability of default, relative thresholds | 500% | |||||
Digital Consumer Bank | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage decrease in non-performing loans ratio | 0.07% | |||||
Non-performing rate | 2.06% | 2.13% | 2.17% | |||
Digital Consumer Bank | Credit impaired | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances to customers | € 2,583 | € 2,490 | € 2,525 | |||
United Kingdom | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percentage decrease in non-performing loans ratio | 0.22% | |||||
Non-performing rate | 1.21% | |||||
Decrease in credit risk with customers, percentage | 3.60% | |||||
Decrease in credit risk with customers in local currency, percentage | 1.80% | |||||
Risk exposure associated with instruments sharing characteristic | € 253,455 | |||||
Percent at risk | 22.50% | |||||
United Kingdom | Gross carrying amount | Securitised mortgage assets | Santander UK plc | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Percent increase in portfolio | 5.50% | |||||
Financial assets | € 209,872 |
Risk management - Disclosure of
Risk management - Disclosure of main credit risk aggregates arising on customer business (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 1,124,121 | € 1,051,115 | € 989,456 |
Non-performing rate | 3.08% | 3.16% | 3.21% |
Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 34,673 | € 33,234 | € 31,767 |
Spain | |||
Disclosure of credit risk exposure [line items] | |||
Non-performing rate | 3.27% | ||
Europe | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 639,996 | € 636,123 | € 606,997 |
Non-performing rate | 2.37% | 3.12% | 3.34% |
Europe | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 15,186 | € 19,822 | € 20,272 |
Europe | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 293,197 | € 283,953 | € 272,154 |
Non-performing rate | 3.27% | 4.72% | 5.16% |
Europe | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 9,598 | € 13,403 | € 14,053 |
Europe | United Kingdom | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 253,455 | € 262,869 | € 252,255 |
Non-performing rate | 1.21% | 1.43% | 1.24% |
Europe | United Kingdom | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 3,059 | € 3,766 | € 3,138 |
Europe | Portugal | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 41,755 | € 41,941 | € 40,693 |
Non-performing rate | 2.99% | 3.44% | 3.89% |
Europe | Portugal | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 1,247 | € 1,442 | € 1,584 |
Europe | Poland | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 33,350 | € 33,497 | € 31,578 |
Non-performing rate | 3.80% | 3.61% | 4.74% |
Europe | Poland | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 1,268 | € 1,210 | € 1,496 |
North America | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 185,614 | € 149,792 | € 131,626 |
Non-performing rate | 3.03% | 2.42% | 2.23% |
North America | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 5,629 | € 3,632 | € 2,938 |
North America | United States | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 140,452 | € 112,808 | € 99,135 |
Non-performing rate | 3.25% | 2.33% | 2.04% |
North America | United States | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 4,571 | € 2,624 | € 2,025 |
North America | Mexico | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 45,107 | € 36,984 | € 32,476 |
Non-performing rate | 2.32% | 2.73% | 2.81% |
North America | Mexico | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 1,047 | € 1,009 | € 913 |
South America | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 167,348 | € 141,874 | € 129,590 |
Non-performing rate | 6.20% | 4.50% | 4.39% |
South America | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 10,381 | € 6,387 | € 5,688 |
South America | Brazil | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 101,801 | € 85,702 | € 74,712 |
Non-performing rate | 7.57% | 4.88% | 4.59% |
South America | Brazil | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 7,705 | € 4,182 | € 3,429 |
South America | Chile | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 47,811 | € 41,479 | € 42,826 |
Non-performing rate | 4.99% | 4.43% | 4.79% |
South America | Chile | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 2,384 | € 1,838 | € 2,051 |
South America | Argentina | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 5,844 | € 5,481 | € 4,418 |
Non-performing rate | 2.08% | 3.61% | 2.11% |
South America | Argentina | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 122 | € 198 | € 93 |
Digital Consumer Bank | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 125,339 | € 116,989 | € 116,381 |
Non-performing rate | 2.06% | 2.13% | 2.17% |
Digital Consumer Bank | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 2,583 | € 2,490 | € 2,525 |
Corporate Centre | |||
Disclosure of credit risk exposure [line items] | |||
Credit risk with customers | € 5,824 | € 6,337 | € 4,862 |
Non-performing rate | 15.35% | 14.38% | 7.08% |
Corporate Centre | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances to customers | € 894 | € 903 | € 344 |
Risk management - Schedule of e
Risk management - Schedule of exposure and impairment losses by stage (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) tranches | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Exposure and impairment losses | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 949,583 | € 903,646 | € 861,432 |
Impairment losses | 22,854 | 22,125 | 23,422 |
Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 850,779 | 802,967 | 766,034 |
Impairment losses | 3,807 | 4,149 | 4,458 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 66,196 | 69,968 | 64,962 |
Impairment losses | 5,195 | 5,103 | 5,461 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 32,608 | 30,711 | 30,436 |
Impairment losses | 13,852 | 12,873 | 13,503 |
From AAA to AA- | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 173,946 | 190,278 | 112,048 |
From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 172,440 | 188,434 | 110,536 |
From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,506 | 1,844 | 1,512 |
From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From A+ to BB | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 404,685 | 388,962 | 386,594 |
From A+ to BB | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 394,084 | 377,008 | 378,982 |
From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 10,601 | 11,954 | 7,612 |
From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From BB- to B- | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 305,109 | 278,071 | 315,756 |
From BB- to B- | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 272,456 | 233,779 | 273,443 |
From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 32,653 | 44,292 | 42,313 |
From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
CCC and below | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 65,843 | 46,335 | 47,034 |
CCC and below | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 11,799 | 3,746 | 3,073 |
CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 21,436 | 11,878 | 13,525 |
CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | € 32,608 | € 30,711 | € 30,436 |
Risk management - Schedule of_2
Risk management - Schedule of exposure and impairment losses by stage, by entity (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) tranches | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 949,583 | € 903,646 | € 861,432 |
Impairment loss on financial assets | € 22,854 | 22,125 | 23,422 |
Spain | |||
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 212,593 | 214,761 | 214,442 |
Impairment loss on financial assets | 4,645 | 6,007 | 6,488 |
Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 850,779 | 802,967 | 766,034 |
Impairment loss on financial assets | 3,807 | 4,149 | 4,458 |
Stage 1 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 191,349 | 186,353 | 187,622 |
Impairment loss on financial assets | 507 | 422 | 479 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 66,196 | 69,968 | 64,962 |
Impairment loss on financial assets | 5,195 | 5,103 | 5,461 |
Stage 2 and 3 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 12,351 | 15,647 | 13,058 |
Impairment loss on financial assets | 666 | 580 | 732 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 32,608 | 30,711 | 30,436 |
Impairment loss on financial assets | 13,852 | 12,873 | 13,503 |
Stage 2 and 3 | Financial instruments credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 8,893 | 12,761 | 13,762 |
Impairment loss on financial assets | 3,472 | 5,005 | 5,277 |
From AAA to AA- | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 173,946 | 190,278 | 112,048 |
From AAA to AA- | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 37,580 | 44,330 | 39,855 |
From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 172,440 | 188,434 | 110,536 |
From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 37,133 | 43,978 | 38,656 |
From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 1,506 | 1,844 | 1,512 |
From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 447 | 352 | 1,199 |
From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From A+ to BB | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 404,685 | 388,962 | 386,594 |
From A+ to BB | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 107,949 | 109,697 | 108,654 |
From A+ to BB | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 394,084 | 377,008 | 378,982 |
From A+ to BB | Stage 1 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 107,667 | 109,142 | 108,336 |
From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 10,601 | 11,954 | 7,612 |
From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 282 | 555 | 318 |
From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From BB- to B- | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 305,109 | 278,071 | 315,756 |
From BB- to B- | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 52,684 | 44,820 | 46,827 |
From BB- to B- | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 272,456 | 233,779 | 273,443 |
From BB- to B- | Stage 1 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 46,296 | 33,104 | 40,294 |
From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 32,653 | 44,292 | 42,313 |
From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 6,388 | 11,716 | 6,533 |
From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
CCC and below | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 65,843 | 46,335 | 47,034 |
CCC and below | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 14,380 | 15,914 | 19,106 |
CCC and below | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 11,799 | 3,746 | 3,073 |
CCC and below | Stage 1 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 253 | 129 | 336 |
CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 21,436 | 11,878 | 13,525 |
CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 5,234 | 3,024 | 5,008 |
CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 32,608 | 30,711 | 30,436 |
CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 8,893 | 12,761 | 13,762 |
Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 245,070 | 247,678 | 241,300 |
Impairment loss on financial assets | 1,032 | 967 | 1,448 |
Santander UK plc | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 221,566 | 223,481 | 219,030 |
Impairment loss on financial assets | 166 | 135 | 223 |
Santander UK plc | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 20,445 | 20,689 | 19,041 |
Impairment loss on financial assets | 529 | 372 | 557 |
Santander UK plc | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 3,059 | 3,508 | 3,229 |
Impairment loss on financial assets | 337 | 460 | 668 |
Santander UK plc | From AAA to AA- | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 86,757 | 98,403 | 41,868 |
Santander UK plc | From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 85,930 | 97,388 | 41,757 |
Santander UK plc | From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 827 | 1,015 | 111 |
Santander UK plc | From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK plc | From A+ to BB | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 126,132 | 121,104 | 144,424 |
Santander UK plc | From A+ to BB | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 118,585 | 113,030 | 142,308 |
Santander UK plc | From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 7,547 | 8,074 | 2,116 |
Santander UK plc | From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK plc | From BB- to B- | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 27,924 | 23,720 | 51,779 |
Santander UK plc | From BB- to B- | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 16,831 | 13,063 | 34,965 |
Santander UK plc | From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 11,093 | 10,657 | 16,814 |
Santander UK plc | From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK plc | CCC and below | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 4,257 | 4,451 | 3,229 |
Santander UK plc | CCC and below | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 220 | 0 | 0 |
Santander UK plc | CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 978 | 943 | 0 |
Santander UK plc | CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 3,059 | 3,508 | 3,229 |
Santander Bank, National Association | United States | |||
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Santander Bank, National Association | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 62,072 | 55,153 | 47,643 |
Impairment loss on financial assets | 707 | 622 | 702 |
Santander Bank, National Association | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 58,319 | 50,402 | 42,485 |
Impairment loss on financial assets | 392 | 263 | 344 |
Santander Bank, National Association | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 3,294 | 4,274 | 4,755 |
Impairment loss on financial assets | 241 | 314 | 316 |
Santander Bank, National Association | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 459 | 477 | 403 |
Impairment loss on financial assets | 74 | 45 | 42 |
Santander Bank, National Association | From AAA to AA- | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 7,029 | 8,935 | 3,332 |
Santander Bank, National Association | From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 6,884 | 8,811 | 3,284 |
Santander Bank, National Association | From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 145 | 124 | 48 |
Santander Bank, National Association | From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Bank, National Association | From A+ to BB | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 21,134 | 30,412 | 16,551 |
Santander Bank, National Association | From A+ to BB | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 20,768 | 29,379 | 14,821 |
Santander Bank, National Association | From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 366 | 1,033 | 1,730 |
Santander Bank, National Association | From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Bank, National Association | From BB- to B- | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 32,584 | 14,949 | 26,809 |
Santander Bank, National Association | From BB- to B- | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 30,359 | 12,193 | 24,350 |
Santander Bank, National Association | From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 2,225 | 2,756 | 2,459 |
Santander Bank, National Association | From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Bank, National Association | CCC and below | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 1,325 | 857 | 951 |
Santander Bank, National Association | CCC and below | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 308 | 19 | 30 |
Santander Bank, National Association | CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 558 | 361 | 518 |
Santander Bank, National Association | CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 459 | 477 | 403 |
Santander Consumer USA Holdings Inc. | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 31,960 | 29,652 | 29,041 |
Impairment loss on financial assets | 3,356 | 2,837 | 3,457 |
Santander Consumer USA Holdings Inc. | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 22,470 | 20,094 | 23,179 |
Impairment loss on financial assets | 672 | 524 | 911 |
Santander Consumer USA Holdings Inc. | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 5,620 | 7,900 | 4,843 |
Impairment loss on financial assets | 1,232 | 1,741 | 1,820 |
Santander Consumer USA Holdings Inc. | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 3,870 | 1,658 | 1,019 |
Impairment loss on financial assets | 1,452 | 572 | 726 |
Santander Consumer USA Holdings Inc. | From AAA to AA- | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 421 | 362 |
Santander Consumer USA Holdings Inc. | From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 417 | 359 |
Santander Consumer USA Holdings Inc. | From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 4 | 3 |
Santander Consumer USA Holdings Inc. | From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Consumer USA Holdings Inc. | From A+ to BB | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 171 | 835 | 1,339 |
Santander Consumer USA Holdings Inc. | From A+ to BB | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 171 | 800 | 1,330 |
Santander Consumer USA Holdings Inc. | From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 35 | 9 |
Santander Consumer USA Holdings Inc. | From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Consumer USA Holdings Inc. | From BB- to B- | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 15,076 | 24,585 | 23,279 |
Santander Consumer USA Holdings Inc. | From BB- to B- | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 14,564 | 18,655 | 20,585 |
Santander Consumer USA Holdings Inc. | From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 512 | 5,930 | 2,694 |
Santander Consumer USA Holdings Inc. | From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander Consumer USA Holdings Inc. | CCC and below | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 16,713 | 3,811 | 4,061 |
Santander Consumer USA Holdings Inc. | CCC and below | Stage 1 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 7,735 | 222 | 905 |
Santander Consumer USA Holdings Inc. | CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 5,108 | 1,931 | 2,137 |
Santander Consumer USA Holdings Inc. | CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 3,870 | 1,658 | 1,019 |
Banco Santander (Brasil) S.A. | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Number of tranches | tranches | 4 | ||
Maximum exposure to credit risk | € 101,466 | 84,683 | 74,432 |
Impairment loss on financial assets | 6,128 | 4,651 | 3,879 |
Banco Santander (Brasil) S.A. | Stage 1 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 85,636 | 75,140 | 64,852 |
Impairment loss on financial assets | 575 | 1,232 | 971 |
Banco Santander (Brasil) S.A. | Stage 2 and 3 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 8,125 | 5,361 | 6,151 |
Impairment loss on financial assets | 1,219 | 909 | 776 |
Banco Santander (Brasil) S.A. | Stage 2 and 3 | Financial instruments credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 7,705 | 4,182 | 3,429 |
Impairment loss on financial assets | 4,334 | 2,510 | 2,132 |
Banco Santander (Brasil) S.A. | From AAA to AA- | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 18,074 | 22,851 | 13,323 |
Banco Santander (Brasil) S.A. | From AAA to AA- | Stage 1 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 18,033 | 22,555 | 13,226 |
Banco Santander (Brasil) S.A. | From AAA to AA- | Stage 2 and 3 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 41 | 296 | 97 |
Banco Santander (Brasil) S.A. | From AAA to AA- | Stage 2 and 3 | Financial instruments credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Banco Santander (Brasil) S.A. | From A+ to BB | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 36,244 | 24,283 | 25,572 |
Banco Santander (Brasil) S.A. | From A+ to BB | Stage 1 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 35,902 | 24,003 | 25,460 |
Banco Santander (Brasil) S.A. | From A+ to BB | Stage 2 and 3 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 342 | 280 | 112 |
Banco Santander (Brasil) S.A. | From A+ to BB | Stage 2 and 3 | Financial instruments credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Banco Santander (Brasil) S.A. | From BB- to B- | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 34,464 | 29,281 | 28,126 |
Banco Santander (Brasil) S.A. | From BB- to B- | Stage 1 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 31,269 | 27,040 | 25,180 |
Banco Santander (Brasil) S.A. | From BB- to B- | Stage 2 and 3 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 3,195 | 2,241 | 2,946 |
Banco Santander (Brasil) S.A. | From BB- to B- | Stage 2 and 3 | Financial instruments credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Banco Santander (Brasil) S.A. | CCC and below | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 12,684 | 8,268 | 7,411 |
Banco Santander (Brasil) S.A. | CCC and below | Stage 1 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 432 | 1,542 | 986 |
Banco Santander (Brasil) S.A. | CCC and below | Stage 2 and 3 | Financial instruments not credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | 4,547 | 2,544 | 2,996 |
Banco Santander (Brasil) S.A. | CCC and below | Stage 2 and 3 | Financial instruments credit-impaired | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure to credit risk | € 7,705 | € 4,182 | € 3,429 |
Risk management - Schedule of_3
Risk management - Schedule of evolution projection based on main macroeconomic indicators, by entity (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Santander UK plc | |
Disclosure of credit risk exposure [line items] | |
Evolution projection period | 5 years |
Santander UK plc | Pessimistic scenario 3 | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 4.30% |
Unemployment rate | 6% |
Housing price change | (4.40%) |
GDP growth | (0.40%) |
Santander UK plc | Pessimistic scenario 2 | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3% |
Unemployment rate | 7.30% |
Housing price change | (4.60%) |
GDP growth | (0.50%) |
Santander UK plc | Pessimistic scenario 1 | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.70% |
Unemployment rate | 5.50% |
Housing price change | (3.50%) |
GDP growth | (0.20%) |
Santander UK plc | Base scenario | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3.10% |
Unemployment rate | 4.60% |
Housing price change | (0.40%) |
GDP growth | 0.70% |
Santander UK plc | Optimistic scenario 1 | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.80% |
Unemployment rate | 4.40% |
Housing price change | (0.70%) |
GDP growth | 1.20% |
Spain | |
Disclosure of credit risk exposure [line items] | |
Evolution projection period | 5 years |
Spain | Pessimistic scenario | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.60% |
Unemployment rate | 16.60% |
Housing price change | 2.30% |
GDP growth | 0.50% |
Spain | Base scenario | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.30% |
Unemployment rate | 12.20% |
Housing price change | 3.30% |
GDP growth | 2% |
Spain | Optimistic scenario | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2% |
Unemployment rate | 10.70% |
Housing price change | 3.80% |
GDP growth | 3.30% |
United States | Santander Bank, National Association | North America | |
Disclosure of credit risk exposure [line items] | |
Evolution projection period | 5 years |
United States | Santander Bank, National Association | Pessimistic scenario 2 | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.50% |
Unemployment rate | 6% |
Housing price change | (1.50%) |
GDP growth | 1.80% |
United States | Santander Bank, National Association | Pessimistic scenario 1 | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.90% |
Unemployment rate | 4.60% |
Housing price change | (0.90%) |
GDP growth | 2.10% |
United States | Santander Bank, National Association | Base scenario | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3.40% |
Unemployment rate | 4.10% |
Housing price change | 0.10% |
GDP growth | 1.60% |
United States | Santander Bank, National Association | Optimistic scenario | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3.20% |
Unemployment rate | 3.40% |
Housing price change | 1.70% |
GDP growth | 2.80% |
United States | Santander Consumer USA Holdings Inc. | North America | |
Disclosure of credit risk exposure [line items] | |
Evolution projection period | 5 years |
United States | Santander Consumer USA Holdings Inc. | Pessimistic scenario 2 | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.50% |
Unemployment rate | 6% |
Housing price change | (1.50%) |
GDP growth | 1.80% |
Manheim index | (3.60%) |
United States | Santander Consumer USA Holdings Inc. | Pessimistic scenario 1 | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 2.90% |
Unemployment rate | 4.60% |
Housing price change | (0.90%) |
GDP growth | 2.10% |
Manheim index | (3.60%) |
United States | Santander Consumer USA Holdings Inc. | Base scenario | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3.40% |
Unemployment rate | 4.10% |
Housing price change | 0.10% |
GDP growth | 1.60% |
Manheim index | (3.60%) |
United States | Santander Consumer USA Holdings Inc. | Optimistic scenario | North America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 3.20% |
Unemployment rate | 3.40% |
Housing price change | 1.70% |
GDP growth | 2.80% |
Manheim index | (3.60%) |
Brazil | South America | |
Disclosure of credit risk exposure [line items] | |
Evolution projection period | 5 years |
Brazil | Banco Santander (Brasil) S.A. | Pessimistic scenario | South America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 12.60% |
Unemployment rate | 15.20% |
Housing price change | 0.60% |
GDP growth | (0.80%) |
Burden income | 33.20% |
Brazil | Banco Santander (Brasil) S.A. | Base scenario | South America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 8.60% |
Unemployment rate | 11.10% |
Housing price change | 2.80% |
GDP growth | 1.10% |
Burden income | 30% |
Brazil | Banco Santander (Brasil) S.A. | Optimistic scenario | South America | |
Disclosure of credit risk exposure [line items] | |
Interest rate | 6.40% |
Unemployment rate | 7.60% |
Housing price change | 7.90% |
GDP growth | 3.30% |
Burden income | 23.90% |
Risk management - Schedule of w
Risk management - Schedule of weights used for current political and economic positions, by entity (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pessimistic scenario 3 | Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 20% | 5% | 10% |
Pessimistic scenario 2 | Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 10% | 20% | 25% |
Pessimistic scenario 2 | Santander Bank, National Association | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 18% | 18% | 18% |
Pessimistic scenario 2 | Santander Consumer USA Holdings Inc. | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 18% | 18% | 18% |
Pessimistic scenario 1 | Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 15% | 25% | 15% |
Pessimistic scenario 1 | Santander Bank, National Association | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 20% | 20% | 20% |
Pessimistic scenario 1 | Santander Consumer USA Holdings Inc. | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 20% | 20% | 20% |
Base scenario | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 40% | 40% | 40% |
Base scenario | Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 50% | 45% | 45% |
Base scenario | Santander Bank, National Association | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 33% | 33% | 33% |
Base scenario | Santander Consumer USA Holdings Inc. | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 33% | 33% | 33% |
Base scenario | Banco Santander (Brasil) S.A. | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 80% | 80% | 80% |
Optimistic scenario 1 | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 30% | 30% | 30% |
Optimistic scenario 1 | Santander UK plc | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 5% | 5% | 5% |
Pessimistic scenario | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 30% | 30% | 30% |
Pessimistic scenario | Banco Santander (Brasil) S.A. | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 10% | 10% | 10% |
Optimistic scenario | Santander Bank, National Association | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 30% | 30% | 30% |
Optimistic scenario | Santander Consumer USA Holdings Inc. | United States | North America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 30% | 30% | 30% |
Optimistic scenario | Banco Santander (Brasil) S.A. | Brazil | South America | |||
Disclosure of credit risk exposure [line items] | |||
Percentage of weightings associated with the macroeconomic scenarios | 10% | 10% | 10% |
Risk management - Disclosure _2
Risk management - Disclosure of sensitivity analysis, by entity (Details) | Dec. 31, 2022 |
Spain | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 3.90% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (2.70%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 3.40% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (2.30%) |
Mortgages | Spain | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 10.90% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (5.40%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 4.40% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (3.60%) |
Mortgages | Santander UK plc | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 18.90% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (8.10%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 10.10% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (6.00%) |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (10.80%) |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 27.20% |
Mortgages | Santander Bank, National Association | United States | North America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 7.70% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (5.50%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 12.80% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (6.10%) |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (22.80%) |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 29% |
Consumer loans | Banco Santander (Brasil) S.A. | Brazil | South America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 0.70% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.30%) |
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (0.50%) |
Change in provision assuming 100bp increase in burden income rate (as a percent) | 1.10% |
Change in provision assuming 100bp decrease in interest rate (as a percent) | (0.20%) |
Change in provision assuming 100bp increase in interest rate (as a percent) | 0.90% |
Corporates | Spain | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 4.70% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (2.90%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 2.60% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (2.00%) |
Corporates | Santander UK plc | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 7.10% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (4.00%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 10.20% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (12.00%) |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (5.40%) |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 10.50% |
Corporates | Santander Bank, National Association | United States | North America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 18.10% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (8.20%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 20.30% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (9.50%) |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (33.60%) |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 48% |
Corporates | Banco Santander (Brasil) S.A. | Brazil | South America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 3.20% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (1.00%) |
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (1.40%) |
Change in provision assuming 100bp increase in burden income rate (as a percent) | 8.90% |
Change in provision assuming 100bp decrease in interest rate (as a percent) | (1.50%) |
Change in provision assuming 100bp increase in interest rate (as a percent) | 5.60% |
SC Auto | Santander Consumer USA Holdings Inc. | United States | North America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 1.60% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.90%) |
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 1.30% |
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (0.80%) |
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (2.60%) |
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 2.80% |
Change in provision assuming 100bp decrease in Manheim index (as a percent) | 2.40% |
Change in provision assuming 100bp increase in Manheim index (as a percent) | (2.20%) |
Other | Banco Santander (Brasil) S.A. | Brazil | South America | |
Disclosure of credit risk exposure [line items] | |
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 1.70% |
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.90%) |
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (1.50%) |
Change in provision assuming 100bp increase in burden income rate (as a percent) | 3.80% |
Change in provision assuming 100bp decrease in interest rate (as a percent) | (0.40%) |
Change in provision assuming 100bp increase in interest rate (as a percent) | 2.40% |
Risk management - Schedule of_4
Risk management - Schedule of exposure to risk, Spain residential mortgage (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Spain | Mortgages | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 63,688 | 62,324 | 59,605 |
Spain | Mortgages | Gross carrying amount | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,088 | 1,860 | 1,850 |
Spain | Mortgages | Gross carrying amount | Without mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 288 | 419 | 387 |
Spain | Mortgages | Gross carrying amount | Without mortgage guarantee | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 24 | 115 | 75 |
Spain | Mortgages | Gross carrying amount | With mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 63,400 | 61,905 | 59,218 |
Spain | Mortgages | Gross carrying amount | With mortgage guarantee | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 1,064 | € 1,745 | € 1,775 |
Risk management - Disclosure _3
Risk management - Disclosure of concentrations, credit with mortgage guarantee to households for house acquisition (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 63,688 | 62,324 | 59,605 |
Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,088 | 1,860 | 1,850 |
With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 63,400 | 61,905 | 59,218 |
With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,064 | € 1,745 | € 1,775 |
Less than or equal to 40% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 17,877 | ||
Less than or equal to 40% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 132 | ||
More than 40% and less than or equal to 60% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 20,617 | ||
More than 40% and less than or equal to 60% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 192 | ||
More than 60% and less than or equal to 80% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 20,225 | ||
More than 60% and less than or equal to 80% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 220 | ||
More than 80% and less than or equal to 100% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 3,294 | ||
More than 80% and less than or equal to 100% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 181 | ||
More than 100% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,387 | ||
More than 100% | With mortgage guarantee | Gross carrying amount | Home purchase loans | Spain | Credit impaired | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 339 |
Risk management - Schedule of c
Risk management - Schedule of changes in impairment losses on debt instruments, Spain real estate business (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of credit risk exposure [line items] | |||
Financial assets at beginning of period | € 163,853 | € 176,554 | |
Financial assets at end of period | 193,716 | 163,853 | € 176,554 |
Spain | Real estate operations in Spain | Construction and property development | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets at beginning of period | 2,625 | 2,871 | 2,939 |
Foreclosed assets | 0 | (1) | (6) |
Reductions | (295) | (230) | (24) |
Written-off assets | (3) | (15) | (38) |
Financial assets at end of period | € 2,327 | € 2,625 | € 2,871 |
Risk management - Schedule of_5
Risk management - Schedule of exposure to risk, Spain real estate business (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of credit risk exposure [line items] | ||||
Financial assets | € 193,716 | € 163,853 | € 176,554 | |
Accumulated impairment | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | (226) | (215) | (284) | |
Spain | ||||
Disclosure of credit risk exposure [line items] | ||||
Excess of gross exposure over maximum recoverable amount of effective collateral | 293,197 | |||
Spain | Accumulated impairment | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | (1,311) | |||
Spain | Real estate operations in Spain | Gross carrying amount | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | 2,328 | |||
Spain | Real estate operations in Spain | Construction and property development | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | 2,327 | € 2,625 | € 2,871 | € 2,939 |
Excess of gross exposure over maximum recoverable amount of effective collateral | 211 | |||
Spain | Real estate operations in Spain | Construction and property development | Credit impaired | ||||
Disclosure of credit risk exposure [line items] | ||||
Excess of gross exposure over maximum recoverable amount of effective collateral | 21 | |||
Spain | Real estate operations in Spain | Construction and property development | Gross carrying amount | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | 2,327 | |||
Spain | Real estate operations in Spain | Construction and property development | Gross carrying amount | Credit impaired | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | 94 | |||
Written-off assets | 487 | |||
Spain | Real estate operations in Spain | Construction and property development | Accumulated impairment | Individually calculated | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | (44) | |||
Spain | Real estate operations in Spain | Construction and property development | Accumulated impairment | Credit impaired | Individually calculated | ||||
Disclosure of credit risk exposure [line items] | ||||
Financial assets | € (33) |
Risk management - Schedule of_6
Risk management - Schedule of exposure to risk, Spain real estate business, segment information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | |||
Total consolidated assets (Total business) | € 1,734,659 | € 1,595,835 | € 1,508,250 |
Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) | 193,716 | 163,853 | 176,554 |
Accumulated impairment | |||
Disclosure of credit risk exposure [line items] | |||
Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) | (226) | € (215) | € (284) |
Spain | |||
Disclosure of credit risk exposure [line items] | |||
Total consolidated assets (Total business) | 1,734,659 | ||
Spain | Accumulated impairment | |||
Disclosure of credit risk exposure [line items] | |||
Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) | (1,311) | ||
Spain | Customers excluding the public sector | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | € 250,702 |
Risk management - Disclosure _4
Risk management - Disclosure of concentrations, Spain real estate business (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 193,716 | € 163,853 | € 176,554 |
Spain | Real estate operations in Spain | Gross carrying amount | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 2,328 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Without mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 43 | ||
Spain | Real estate operations in Spain | Gross carrying amount | With mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 2,285 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings for own use | With mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,138 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings for own use | Residential | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 674 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings for own use | Other | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 464 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | With mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,110 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | Residential | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 1,103 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | Other | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 7 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | With mortgage guarantee | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 37 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | Developed consolidated land | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | 25 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | Other land | |||
Disclosure of credit risk exposure [line items] | |||
Financial assets | € 12 |
Risk management - Schedule of_7
Risk management - Schedule of exposure to risk, Spain foreclosed properties (Details) - Spain - Foreclosed properties - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Assets foreclosed | |||
Loans and advances to customers | € 2,971 | € 3,591 | € 3,962 |
Changes in property loans | |||
Gross additions | 200 | 400 | 500 |
Disposals | (1,300) | (1,100) | (900) |
Difference | (1,100) | (700) | (400) |
Construction and property development | |||
Assets foreclosed | |||
Loans and advances to customers | 2,490 | ||
Completed buildings | |||
Assets foreclosed | |||
Loans and advances to customers | 743 | ||
Completed buildings | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 184 | ||
Completed buildings | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 559 | ||
Buildings under construction | |||
Assets foreclosed | |||
Loans and advances to customers | 48 | ||
Buildings under construction | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 18 | ||
Buildings under construction | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 30 | ||
Land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,699 | ||
Land | Developed land | |||
Assets foreclosed | |||
Loans and advances to customers | 597 | ||
Land | Other land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,102 | ||
Home purchase loans | |||
Assets foreclosed | |||
Loans and advances to customers | 385 | ||
Other loans | |||
Assets foreclosed | |||
Loans and advances to customers | 96 | ||
Gross carrying amount | |||
Assets foreclosed | |||
Loans and advances to customers | 6,422 | 7,364 | 7,937 |
Gross carrying amount | Construction and property development | |||
Assets foreclosed | |||
Loans and advances to customers | 5,587 | ||
Gross carrying amount | Completed buildings | |||
Assets foreclosed | |||
Loans and advances to customers | 1,456 | ||
Gross carrying amount | Completed buildings | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 341 | ||
Gross carrying amount | Completed buildings | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 1,115 | ||
Gross carrying amount | Buildings under construction | |||
Assets foreclosed | |||
Loans and advances to customers | 92 | ||
Gross carrying amount | Buildings under construction | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 25 | ||
Gross carrying amount | Buildings under construction | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 67 | ||
Gross carrying amount | Land | |||
Assets foreclosed | |||
Loans and advances to customers | 4,039 | ||
Gross carrying amount | Land | Developed land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,286 | ||
Gross carrying amount | Land | Other land | |||
Assets foreclosed | |||
Loans and advances to customers | 2,753 | ||
Gross carrying amount | Home purchase loans | |||
Assets foreclosed | |||
Loans and advances to customers | 659 | ||
Gross carrying amount | Other loans | |||
Assets foreclosed | |||
Loans and advances to customers | 176 | ||
Accumulated impairment | |||
Assets foreclosed | |||
Loans and advances to customers | 3,451 | 3,773 | 3,975 |
Accumulated impairment | Construction and property development | |||
Assets foreclosed | |||
Loans and advances to customers | 3,097 | ||
Accumulated impairment | Completed buildings | |||
Assets foreclosed | |||
Loans and advances to customers | 713 | ||
Accumulated impairment | Completed buildings | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 157 | ||
Accumulated impairment | Completed buildings | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 556 | ||
Accumulated impairment | Buildings under construction | |||
Assets foreclosed | |||
Loans and advances to customers | 44 | ||
Accumulated impairment | Buildings under construction | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 7 | ||
Accumulated impairment | Buildings under construction | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 37 | ||
Accumulated impairment | Land | |||
Assets foreclosed | |||
Loans and advances to customers | 2,340 | ||
Accumulated impairment | Land | Developed land | |||
Assets foreclosed | |||
Loans and advances to customers | 689 | ||
Accumulated impairment | Land | Other land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,651 | ||
Accumulated impairment | Home purchase loans | |||
Assets foreclosed | |||
Loans and advances to customers | 274 | ||
Accumulated impairment | Other loans | |||
Assets foreclosed | |||
Loans and advances to customers | 80 | ||
Impairment losses since time of foreclosure | |||
Assets foreclosed | |||
Loans and advances to customers | 2,526 | € 2,729 | € 2,834 |
Impairment losses since time of foreclosure | Construction and property development | |||
Assets foreclosed | |||
Loans and advances to customers | 2,275 | ||
Impairment losses since time of foreclosure | Completed buildings | |||
Assets foreclosed | |||
Loans and advances to customers | 583 | ||
Impairment losses since time of foreclosure | Completed buildings | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 127 | ||
Impairment losses since time of foreclosure | Completed buildings | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 456 | ||
Impairment losses since time of foreclosure | Buildings under construction | |||
Assets foreclosed | |||
Loans and advances to customers | 32 | ||
Impairment losses since time of foreclosure | Buildings under construction | Residential | |||
Assets foreclosed | |||
Loans and advances to customers | 4 | ||
Impairment losses since time of foreclosure | Buildings under construction | Other | |||
Assets foreclosed | |||
Loans and advances to customers | 28 | ||
Impairment losses since time of foreclosure | Land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,660 | ||
Impairment losses since time of foreclosure | Land | Developed land | |||
Assets foreclosed | |||
Loans and advances to customers | 415 | ||
Impairment losses since time of foreclosure | Land | Other land | |||
Assets foreclosed | |||
Loans and advances to customers | 1,245 | ||
Impairment losses since time of foreclosure | Home purchase loans | |||
Assets foreclosed | |||
Loans and advances to customers | 190 | ||
Impairment losses since time of foreclosure | Other loans | |||
Assets foreclosed | |||
Loans and advances to customers | € 61 |
Risk management - Disclosure _5
Risk management - Disclosure of credit and concentration risk (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | € 293,197 |
Credit risk | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 1,704,260 |
Credit risk | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 360,700 |
Credit risk | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 339,653 |
Credit risk | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 568,978 |
Credit risk | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 434,929 |
Credit risk | Central banks and credit institutions | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 367,620 |
Credit risk | Central banks and credit institutions | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 98,405 |
Credit risk | Central banks and credit institutions | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 61,138 |
Credit risk | Central banks and credit institutions | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 119,005 |
Credit risk | Central banks and credit institutions | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 89,072 |
Credit risk | Public sector | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 177,063 |
Credit risk | Public sector | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 41,871 |
Credit risk | Public sector | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 37,936 |
Credit risk | Public sector | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 89,458 |
Credit risk | Public sector | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 7,798 |
Credit risk | Central government | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 151,300 |
Credit risk | Central government | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 30,209 |
Credit risk | Central government | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 34,681 |
Credit risk | Central government | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 79,016 |
Credit risk | Central government | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 7,394 |
Credit risk | Other central government | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 25,763 |
Credit risk | Other central government | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 11,662 |
Credit risk | Other central government | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 3,255 |
Credit risk | Other central government | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 10,442 |
Credit risk | Other central government | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 404 |
Credit risk | Other financial institutions (financial business activity) | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 152,881 |
Credit risk | Other financial institutions (financial business activity) | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 15,271 |
Credit risk | Other financial institutions (financial business activity) | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 45,092 |
Credit risk | Other financial institutions (financial business activity) | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 54,232 |
Credit risk | Other financial institutions (financial business activity) | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 38,286 |
Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 440,137 |
Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 114,556 |
Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 96,354 |
Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 165,017 |
Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 64,210 |
Credit risk | Construction and property development | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 22,797 |
Credit risk | Construction and property development | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 3,278 |
Credit risk | Construction and property development | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 3,569 |
Credit risk | Construction and property development | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 8,149 |
Credit risk | Construction and property development | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 7,801 |
Credit risk | Civil engineering construction | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 5,178 |
Credit risk | Civil engineering construction | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 2,502 |
Credit risk | Civil engineering construction | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 1,415 |
Credit risk | Civil engineering construction | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 1,113 |
Credit risk | Civil engineering construction | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 148 |
Credit risk | Large companies | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 267,976 |
Credit risk | Large companies | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 53,355 |
Credit risk | Large companies | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 56,243 |
Credit risk | Large companies | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 111,912 |
Credit risk | Large companies | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 46,466 |
Credit risk | SMEs and individual entrepreneurs | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 144,186 |
Credit risk | SMEs and individual entrepreneurs | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 55,421 |
Credit risk | SMEs and individual entrepreneurs | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 35,127 |
Credit risk | SMEs and individual entrepreneurs | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 43,843 |
Credit risk | SMEs and individual entrepreneurs | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 9,795 |
Credit risk | Households - other | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 566,559 |
Credit risk | Households - other | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 90,597 |
Credit risk | Households - other | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 99,133 |
Credit risk | Households - other | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 141,266 |
Credit risk | Households - other | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 235,563 |
Credit risk | Residential | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 361,377 |
Credit risk | Residential | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 65,077 |
Credit risk | Residential | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 36,552 |
Credit risk | Residential | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 45,611 |
Credit risk | Residential | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 214,137 |
Credit risk | Consumer loans | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 185,097 |
Credit risk | Consumer loans | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 17,074 |
Credit risk | Consumer loans | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 60,497 |
Credit risk | Consumer loans | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 90,609 |
Credit risk | Consumer loans | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 16,917 |
Credit risk | Other purposes | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 20,085 |
Credit risk | Other purposes | Spain | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 8,446 |
Credit risk | Other purposes | Other EU countries | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 2,084 |
Credit risk | Other purposes | America | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | 5,046 |
Credit risk | Other purposes | Rest of the world | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Risk exposure | € 4,509 |
Risk management - Maximum expos
Risk management - Maximum exposure limits based on credit quality (Details) - Sovereign risk | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
AAA | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure limit, percentage | 27% | 15% | 18% |
AA | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure limit, percentage | 19% | 32% | 25% |
A | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure limit, percentage | 34% | 26% | 25% |
BBB | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure limit, percentage | 11% | 11% | 14% |
Less than BBB | |||
Disclosure of credit risk exposure [line items] | |||
Maximum exposure limit, percentage | 9% | 16% | 18% |
Risk management - Schedule of_8
Risk management - Schedule of exposure to risk, sovereign risk and exposure to other public sector entities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Spain | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | € 293,197 | |
Sovereign risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 134,893 | € 119,020 |
Sovereign risk | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 16,013 | |
Sovereign risk | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 45,669 | |
Sovereign risk | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 73,211 | |
Sovereign risk | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Spain | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 29,095 | 19,557 |
Sovereign risk | Spain | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 2,666 | |
Sovereign risk | Spain | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 240 | |
Sovereign risk | Spain | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 26,189 | |
Sovereign risk | Spain | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Portugal | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 5,456 | 6,544 |
Sovereign risk | Portugal | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | (299) | |
Sovereign risk | Portugal | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 2,005 | |
Sovereign risk | Portugal | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 3,750 | |
Sovereign risk | Portugal | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Italy | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 7,415 | 884 |
Sovereign risk | Italy | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | (1,055) | |
Sovereign risk | Italy | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 301 | |
Sovereign risk | Italy | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 8,169 | |
Sovereign risk | Italy | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Greece | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | 0 |
Sovereign risk | Greece | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Greece | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Greece | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Greece | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Ireland | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | 9 |
Sovereign risk | Ireland | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Ireland | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Ireland | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Ireland | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Rest Eurozone | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 5,651 | 3,629 |
Sovereign risk | Rest Eurozone | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 205 | |
Sovereign risk | Rest Eurozone | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 789 | |
Sovereign risk | Rest Eurozone | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 4,657 | |
Sovereign risk | Rest Eurozone | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | United Kingdom | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 2,106 | 366 |
Sovereign risk | United Kingdom | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 53 | |
Sovereign risk | United Kingdom | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 315 | |
Sovereign risk | United Kingdom | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 1,738 | |
Sovereign risk | United Kingdom | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Poland | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 8,715 | 11,293 |
Sovereign risk | Poland | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 4 | |
Sovereign risk | Poland | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 7,754 | |
Sovereign risk | Poland | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 957 | |
Sovereign risk | Poland | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Rest of Europe | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 132 | 1,368 |
Sovereign risk | Rest of Europe | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | (7) | |
Sovereign risk | Rest of Europe | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 14 | |
Sovereign risk | Rest of Europe | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 125 | |
Sovereign risk | Rest of Europe | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | US | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 23,298 | 22,469 |
Sovereign risk | US | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 3,503 | |
Sovereign risk | US | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 8,938 | |
Sovereign risk | US | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 10,857 | |
Sovereign risk | US | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Brazil | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 23,728 | 28,559 |
Sovereign risk | Brazil | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 8,017 | |
Sovereign risk | Brazil | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 9,969 | |
Sovereign risk | Brazil | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 5,742 | |
Sovereign risk | Brazil | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Mexico | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 17,306 | 13,509 |
Sovereign risk | Mexico | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 2,627 | |
Sovereign risk | Mexico | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 11,303 | |
Sovereign risk | Mexico | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 3,376 | |
Sovereign risk | Mexico | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Chile | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 6,485 | 6,071 |
Sovereign risk | Chile | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 175 | |
Sovereign risk | Chile | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 818 | |
Sovereign risk | Chile | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 5,492 | |
Sovereign risk | Chile | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Rest of America | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 1,964 | 1,425 |
Sovereign risk | Rest of America | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 123 | |
Sovereign risk | Rest of America | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 1,211 | |
Sovereign risk | Rest of America | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 630 | |
Sovereign risk | Rest of America | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 0 | |
Sovereign risk | Rest of the world | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 3,542 | € 3,337 |
Sovereign risk | Rest of the world | Financial assets designated at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 1 | |
Sovereign risk | Rest of the world | Financial assets at fair value through other comprehensive income | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 2,012 | |
Sovereign risk | Rest of the world | Financial assets at amortized cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | 1,529 | |
Sovereign risk | Rest of the world | Non-trading financial assets mandatorily at fair value through profit or loss | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Risk exposure associated with instruments sharing characteristic | € 0 |
Risk management - Schedule of_9
Risk management - Schedule of exposure to risk, forborne loans (Details) - Credit risk € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) transactions | |
Forborne loan portfolio | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (8,266) |
Forborne loan portfolio | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (6,621) |
Forborne loan portfolio | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 6,199,278 |
Forborne loan portfolio | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 3,910,360 |
Forborne loan portfolio | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 15,916 |
Forborne loan portfolio | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 6,100 |
Forborne loan portfolio | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 553,051 |
Forborne loan portfolio | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 286,863 |
Forborne loan portfolio | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 18,257 |
Forborne loan portfolio | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 9,085 |
Forborne loan portfolio | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 9,715 |
Forborne loan portfolio | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 4,682 |
Forborne loan portfolio | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 5,422 |
Forborne loan portfolio | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 1,802 |
Forborne loan portfolio | Credit entities | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 0 |
Forborne loan portfolio | Credit entities | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit entities | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit entities | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit entities | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit entities | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit entities | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit entities | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit entities | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit entities | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 0 |
Forborne loan portfolio | Credit entities | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit entities | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit entities | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit entities | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Public sector | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | (6) |
Forborne loan portfolio | Public sector | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (5) |
Forborne loan portfolio | Public sector | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 6,679 |
Forborne loan portfolio | Public sector | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 7 |
Forborne loan portfolio | Public sector | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 227 |
Forborne loan portfolio | Public sector | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 2 |
Forborne loan portfolio | Public sector | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 31 |
Forborne loan portfolio | Public sector | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 13 |
Forborne loan portfolio | Public sector | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 7 |
Forborne loan portfolio | Public sector | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 5 |
Forborne loan portfolio | Public sector | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 2 |
Forborne loan portfolio | Public sector | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 2 |
Forborne loan portfolio | Public sector | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Public sector | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | (61) |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (55) |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 1,210 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 641 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 321 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 9 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 785 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 620 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 339 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 135 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 88 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 22 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 86 |
Forborne loan portfolio | Other financial institutions and: individual shareholder | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 6 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | (3,912) |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (3,439) |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 312,934 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 174,300 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 9,578 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 3,178 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 60,003 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 39,479 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 8,419 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 4,890 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 4,790 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 2,741 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 1,834 |
Forborne loan portfolio | Non-financial institutions and individual shareholder | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 886 |
Forborne loan portfolio | Construction and property development | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | (208) |
Forborne loan portfolio | Construction and property development | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (188) |
Forborne loan portfolio | Construction and property development | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 15,578 |
Forborne loan portfolio | Construction and property development | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 10,325 |
Forborne loan portfolio | Construction and property development | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 125 |
Forborne loan portfolio | Construction and property development | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 78 |
Forborne loan portfolio | Construction and property development | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 1,890 |
Forborne loan portfolio | Construction and property development | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 1,255 |
Forborne loan portfolio | Construction and property development | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 570 |
Forborne loan portfolio | Construction and property development | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 335 |
Forborne loan portfolio | Construction and property development | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 423 |
Forborne loan portfolio | Construction and property development | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 213 |
Forborne loan portfolio | Construction and property development | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 48 |
Forborne loan portfolio | Construction and property development | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 33 |
Forborne loan portfolio | Other warehouses | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | (4,287) |
Forborne loan portfolio | Other warehouses | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € (3,122) |
Forborne loan portfolio | Other warehouses | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 5,878,455 |
Forborne loan portfolio | Other warehouses | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 3,735,412 |
Forborne loan portfolio | Other warehouses | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 5,790 |
Forborne loan portfolio | Other warehouses | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 2,911 |
Forborne loan portfolio | Other warehouses | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 492,232 |
Forborne loan portfolio | Other warehouses | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 246,751 |
Forborne loan portfolio | Other warehouses | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 9,492 |
Forborne loan portfolio | Other warehouses | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 4,055 |
Forborne loan portfolio | Other warehouses | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 4,835 |
Forborne loan portfolio | Other warehouses | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 1,917 |
Forborne loan portfolio | Other warehouses | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 3,502 |
Forborne loan portfolio | Other warehouses | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 910 |
Non-current assets or disposal groups classified as held for sale | Accumulated impairment | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 0 |
Non-current assets or disposal groups classified as held for sale | Accumulated impairment | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Without mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Without mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Without mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Without mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | With mortgage guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | With mortgage guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | With mortgage guarantee | Gross carrying amount | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | With mortgage guarantee | Gross carrying amount | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and receivables | 0 |
Non-current assets or disposal groups classified as held for sale | Real estate guarantee | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Real estate guarantee | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Rest of real guarantees | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Rest of real guarantees | Credit impaired | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Maximum amount of the actual collateral that can be considered | € 0 |
Risk management - Market, struc
Risk management - Market, structural and liquidity risk (Details) € in Millions | 12 Months Ended | |||
Dec. 15, 2022 | Dec. 31, 2022 EUR (€) remuneration_component scenario | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Assets | € 1,734,659 | € 1,595,835 | € 1,508,250 | |
Market risk | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Risk management, VaR calculation, time frame | 2 years | |||
Increase (decrease) in fair value of financial liability | € (0.7) | |||
VaR confidence level, percent | 99% | |||
VaE confidence level, percent | 99% | |||
Increase in interest rate | 0.0050 | |||
VaR | € 11.6 | 12.3 | 8.3 | |
Assets | 1,734,659 | |||
Market risk | Weighted average | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase (decrease) in fair value of financial liability | 3.6 | |||
VaR | € 14.1 | 10.5 | 12.5 | |
Market risk | Minimum | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Risk management, VaR calculation, time frame | 520 days | |||
Interest rate risk | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR | € 9.9 | 9.1 | 5.4 | |
Interest rate risk | NII risk concentration | United States | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 151 | |||
Interest rate risk | NII risk concentration | Brazil | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 169 | |||
Interest rate risk | NII risk concentration | Chile | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 72 | |||
Interest rate risk | NII risk concentration | Euro | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 1,009 | |||
Interest rate risk | NII risk concentration | Pound sterling | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 191 | |||
Interest rate risk | NII risk concentration | US dollar | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 51 | |||
Interest rate risk | NII risk concentration | Polish zloty | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 64 | |||
Interest rate risk | EVE risk concentration | United States | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 763 | |||
Interest rate risk | EVE risk concentration | Brazil | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 386 | |||
Interest rate risk | EVE risk concentration | Chile | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 309 | |||
Interest rate risk | EVE risk concentration | Euro | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 2,820 | |||
Interest rate risk | EVE risk concentration | Pound sterling | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 440 | |||
Interest rate risk | EVE risk concentration | US dollar | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 11 | |||
Interest rate risk | EVE risk concentration | Polish zloty | Europe | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Increase in profit due to reasonably possible increase in designated risk component | 91 | |||
Interest rate risk | Weighted average | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR | € 12.6 | 9.6 | 9.2 | |
Currency risk | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Core capital ratio for foreign exchange rate risk | 100% | |||
VaR | € 3.6 | 5.7 | 6 | |
Currency risk | Weighted average | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR | 4.8 | 4.2 | 5.9 | |
Equities | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR | € 5.5 | 5.1 | 3.1 | |
Equities | Equity instruments | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR confidence level, percent | 99% | |||
Time frame, historical simulation | 1 day | |||
VaR | € 195 | 309 | 319 | |
Equities | Weighted average | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
VaR | € 4.2 | € 3.5 | € 4.4 | |
Liquidity risk | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Number of standard scenarios defined | scenario | 4 | |||
Percent of total assets encumbered | 22.10% | 26.10% | ||
Total assets encumbered | € 1,868,400 | |||
Liquidity risk | Of which property collateral | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Number of categories of encumbered assets | remuneration_component | 2 | |||
Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | € 413,200 | |||
Matching liabilities, contingent liabilities or securities lent | 313,200 | |||
Liquidity risk | Of which property collateral | On-balance-sheet assets | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Assets | € 308,900 | |||
Percent of total assets encumbered | 64% | |||
Liquidity risk | Of which property collateral | Off-balance-sheet assets | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Guarantees received committed | € 104,300 |
Risk management - Schedule of b
Risk management - Schedule of balance sheet items subject to trading market risk (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Aug. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Cash, cash balances at central banks and other deposits on demand | € 223,073 | € 130,519 | € 210,689 | € 153,839 | € 101,067 |
Financial assets held for trading | 156,118 | 116,953 | 114,945 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | 5,536 | 4,486 | ||
Financial assets designated at fair value through profit or loss | 8,989 | 15,957 | 48,717 | ||
Financial assets at fair value through other comprehensive income | 85,239 | 108,038 | 120,953 | ||
Financial assets at amortised cost | 1,147,044 | 1,037,898 | 958,378 | ||
Hedging derivatives (assets) | 8,069 | 4,761 | 8,325 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (3,749) | 410 | 1,980 | ||
Other assets | 10,082 | 8,595 | 11,070 | ||
TOTAL ASSETS | 1,734,659 | 1,595,835 | 1,508,250 | ||
Financial liabilities held for trading | 115,185 | 79,469 | 81,167 | ||
Financial liabilities designated at fair value through profit or loss | 55,947 | 32,733 | 48,038 | ||
Financial liabilities at amortized cost | 1,423,858 | 1,349,169 | 1,248,188 | ||
Hedging derivatives (liabilities) | 9,228 | 5,463 | 6,869 | ||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (117) | 248 | 286 | ||
Other liabilities | 14,609 | 12,698 | 12,336 | ||
TOTAL LIABILITIES | 1,637,074 | 1,498,782 | 1,416,928 | ||
TOTAL EQUITY | 97,585 | € 97,053 | € 91,322 | € 110,659 | |
Market risk | |||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Cash, cash balances at central banks and other deposits on demand | 223,073 | ||||
Financial assets held for trading | 156,118 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 5,713 | ||||
Financial assets designated at fair value through profit or loss | 8,989 | ||||
Financial assets at fair value through other comprehensive income | 85,239 | ||||
Financial assets at amortised cost | 1,147,044 | ||||
Hedging derivatives (assets) | 8,069 | ||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (3,749) | ||||
Other assets | 104,163 | ||||
TOTAL ASSETS | 1,734,659 | ||||
Financial liabilities held for trading | 115,185 | ||||
Financial liabilities designated at fair value through profit or loss | 55,947 | ||||
Financial liabilities at amortized cost | 1,423,858 | ||||
Hedging derivatives (liabilities) | 9,228 | ||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (117) | ||||
Other liabilities | 32,973 | ||||
TOTAL LIABILITIES | 1,637,074 | ||||
TOTAL EQUITY | 97,585 | ||||
VaR | |||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Financial assets held for trading | 156,118 | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 3,711 | ||||
Financial assets designated at fair value through profit or loss | 815 | ||||
Financial assets at fair value through other comprehensive income | 1,941 | ||||
Financial liabilities held for trading | 115,185 | ||||
Interest rate | |||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Cash, cash balances at central banks and other deposits on demand | 223,073 | ||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (3,749) | ||||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (117) | ||||
Interest rate, spread | |||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Non-trading financial assets mandatorily at fair value through profit or loss | 2,002 | ||||
Financial assets designated at fair value through profit or loss | 8,174 | ||||
Financial assets at fair value through other comprehensive income | 83,298 | ||||
Financial assets at amortised cost | 1,147,044 | ||||
Financial liabilities designated at fair value through profit or loss | 55,947 | ||||
Financial liabilities at amortized cost | 1,423,858 | ||||
Interest rate, exchange rate | |||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||
Hedging derivatives (assets) | 8,069 | ||||
Hedging derivatives (liabilities) | € 9,228 |
Risk management - Disclosure _6
Risk management - Disclosure of concentrations by risk factor, trading risk (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Time horizon | 1 day | ||
Market risk | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR confidence level, percent | 99% | ||
ES confidence level, percent | 97.50% | ||
VaR | € 11.6 | € 12.3 | € 8.3 |
Expected shortfall | 10.8 | ||
Market risk | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 10.5 | 9.9 | 8 |
Expected shortfall | 9.2 | ||
Market risk | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.7 | 2.7 | 2.9 |
Expected shortfall | 2.2 | ||
Market risk | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 6.2 | 6.3 | 4.5 |
Expected shortfall | 6.5 | ||
Market risk | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 9.2 | ||
Market risk | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 7.9 | ||
Market risk | Min | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.5 | ||
Market risk | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.2 | ||
Market risk | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 14.1 | 10.5 | 12.5 |
Market risk | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 12.2 | 9.3 | 10.5 |
Market risk | Average | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.3 | 2.5 | 6.6 |
Market risk | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 8 | 5.9 | 5.6 |
Market risk | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 21.5 | ||
Market risk | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 21.9 | ||
Market risk | Max | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.7 | ||
Market risk | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 14.2 | ||
Diversification effect | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (15.5) | (13.4) | (11.8) |
Expected shortfall | (15.6) | ||
Diversification effect | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (14.2) | (12.6) | (8.9) |
Expected shortfall | (12) | ||
Diversification effect | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (1.1) | (0.6) | (1) |
Expected shortfall | (1.3) | ||
Diversification effect | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (4.2) | (5.1) | (5.4) |
Expected shortfall | (4.4) | ||
Diversification effect | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (7.8) | ||
Diversification effect | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (5.1) | ||
Diversification effect | Min | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.7 | ||
Diversification effect | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (1.3) | ||
Diversification effect | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (14.6) | (12.9) | (13) |
Diversification effect | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (10.4) | (9.3) | (10.7) |
Diversification effect | Average | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (0.8) | (0.7) | (2.2) |
Diversification effect | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (5) | (4.9) | (3.8) |
Diversification effect | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (30.5) | ||
Diversification effect | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (16.8) | ||
Diversification effect | Max | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (4) | ||
Diversification effect | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (19.8) | ||
Interest rate | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 9.9 | 9.1 | 5.4 |
Expected shortfall | 9.8 | ||
Interest rate | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 10.1 | 7.1 | 6.5 |
Expected shortfall | 7.8 | ||
Interest rate | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.7 | 2.7 | 3.3 |
Expected shortfall | 2.4 | ||
Interest rate | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.5 | 5.8 | 4.1 |
Expected shortfall | 5.7 | ||
Interest rate | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 8.1 | ||
Interest rate | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.5 | ||
Interest rate | Min | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.7 | ||
Interest rate | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.5 | ||
Interest rate | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 12.6 | 9.6 | 9.2 |
Interest rate | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 10.2 | 7.7 | 7.9 |
Interest rate | Average | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.2 | 2.5 | 3.4 |
Interest rate | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 7 | 5.5 | 5.2 |
Interest rate | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 21.5 | ||
Interest rate | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 18.4 | ||
Interest rate | Max | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.7 | ||
Interest rate | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 14.9 | ||
Equities | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.5 | 5.1 | 3.1 |
Expected shortfall | 5.5 | ||
Equities | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.5 | 5.8 | 3 |
Expected shortfall | 5.5 | ||
Equities | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.1 | 0 | 0.1 |
Expected shortfall | 0.1 | ||
Equities | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.7 | 1.1 | 0.5 |
Expected shortfall | 1.6 | ||
Equities | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.4 | ||
Equities | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.2 | ||
Equities | Min | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0 | ||
Equities | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.7 | ||
Equities | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.2 | 3.5 | 4.4 |
Equities | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.6 | 3.3 | 4.3 |
Equities | Average | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.1 | 0.1 | 0.3 |
Equities | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.6 | 1.2 | 1 |
Equities | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 7.3 | ||
Equities | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.8 | ||
Equities | Max | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1 | ||
Equities | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.8 | ||
Exchange rate | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.6 | 5.7 | 6 |
Expected shortfall | 3.2 | ||
Exchange rate | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.3 | 4.5 | 2.9 |
Expected shortfall | 3 | ||
Exchange rate | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1 | 0.6 | 0.5 |
Expected shortfall | 1 | ||
Exchange rate | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.9 | 3.8 | 4.2 |
Expected shortfall | 0.6 | ||
Exchange rate | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.5 | ||
Exchange rate | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.9 | ||
Exchange rate | Min | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.1 | ||
Exchange rate | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.7 | ||
Exchange rate | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.8 | 4.2 | 5.9 |
Exchange rate | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.4 | 2.8 | 3.5 |
Exchange rate | Average | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.8 | 0.6 | 5.1 |
Exchange rate | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.7 | 2.8 | 2.7 |
Exchange rate | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 10.3 | ||
Exchange rate | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.8 | ||
Exchange rate | Max | North America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2 | ||
Exchange rate | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 9.9 | ||
Credit spread | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.8 | 5.1 | 4.5 |
Expected shortfall | 4.9 | ||
Credit spread | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.8 | 5.1 | 4.5 |
Expected shortfall | 4.9 | ||
Credit spread | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.4 | ||
Credit spread | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.4 | ||
Credit spread | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.4 | 4.8 | 5.5 |
Credit spread | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.4 | 4.8 | 5.5 |
Credit spread | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 8.5 | ||
Credit spread | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 8.7 | ||
Commodities | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.3 | 0.7 | 1.1 |
Expected shortfall | 3 | ||
Commodities | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0 | 0 | 0 |
Expected shortfall | 0 | ||
Commodities | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.3 | 0.7 | 1.1 |
Expected shortfall | 3 | ||
Commodities | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.6 | ||
Commodities | Min | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0 | ||
Commodities | Min | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0.6 | ||
Commodities | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.7 | 1.3 | 0.5 |
Commodities | Average | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0 | 0 | 0 |
Commodities | Average | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1.7 | € 1.3 | € 0.5 |
Commodities | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.4 | ||
Commodities | Max | Europe | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 0 | ||
Commodities | Max | South America | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | € 4.4 |
Risk management - Schedule of f
Risk management - Schedule of financial assets, financial liabilities, derivatives and loan commitments in reference to the IBOR reform (Details) - IAS 39 € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and advances | € 24,641 |
Debt securities acquired | 3,229 |
Deposits | 9,150 |
Debt securities issued | 6,931 |
Derivative assets | 12,897 |
Derivative liabilities | 12,385 |
Loan Commitments | 1,211 |
LIBOR | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and advances | 24,641 |
Debt securities acquired | 3,229 |
Deposits | 9,150 |
Debt securities issued | 6,931 |
Derivative assets | 12,897 |
Derivative liabilities | 12,385 |
Loan Commitments | 1,211 |
USD LIBOR | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and advances | 24,296 |
Debt securities acquired | 2,854 |
Deposits | 8,840 |
Debt securities issued | 5,063 |
Derivative assets | 12,561 |
Derivative liabilities | 12,339 |
Loan Commitments | 1,166 |
GBP LIBOR | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Loans and advances | 345 |
Debt securities acquired | 375 |
Deposits | 310 |
Debt securities issued | 1,868 |
Derivative assets | 336 |
Derivative liabilities | 46 |
Loan Commitments | € 45 |
Risk management - Disclosure _7
Risk management - Disclosure of concentrations by risk factor, structural risk (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Structural risks | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR percentage | 99% | ||
Time horizon | 1 day | ||
Diversification effect | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | € (15.5) | € (13.4) | € (11.8) |
Diversification effect | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (7.8) | ||
Diversification effect | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (14.6) | (12.9) | (13) |
Diversification effect | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (30.5) | ||
Exchange rate | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 3.6 | 5.7 | 6 |
Exchange rate | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.5 | ||
Exchange rate | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.8 | 4.2 | 5.9 |
Exchange rate | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 10.3 | ||
Equities | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 5.5 | 5.1 | 3.1 |
Equities | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 2.4 | ||
Equities | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 4.2 | 3.5 | 4.4 |
Equities | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 7.3 | ||
Banking book | Structural risks | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 538.5 | 1,011.9 | 903.1 |
Banking book | Structural risks | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 538.5 | ||
Banking book | Structural risks | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 664 | 993.7 | 911 |
Banking book | Structural risks | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 1,084.4 | ||
Banking book | Diversification effect | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (422.4) | (240.2) | (263.4) |
Banking book | Diversification effect | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (323.5) | ||
Banking book | Diversification effect | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (417.1) | (327.3) | (349.8) |
Banking book | Diversification effect | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | (489.5) | ||
Banking book | Interest rate | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 304.5 | 287.8 | 345.5 |
Banking book | Interest rate | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 266.2 | ||
Banking book | Interest rate | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 350.8 | 400.7 | 465.1 |
Banking book | Interest rate | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 577 | ||
Banking book | Exchange rate | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 461 | 655.2 | 502.6 |
Banking book | Exchange rate | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 400.4 | ||
Banking book | Exchange rate | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 493.4 | 600.6 | 499.9 |
Banking book | Exchange rate | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 682.3 | ||
Banking book | Equities | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 195.4 | 309.1 | 318.5 |
Banking book | Equities | Min | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 195.4 | ||
Banking book | Equities | Average | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | 236.9 | € 319.7 | € 295.9 |
Banking book | Equities | Max | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | € 314.6 |
Risk management - Disclosure _8
Risk management - Disclosure of high quality liquid assets (Details) - Liquidity risk - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 312,042 | € 297,300 |
Cash and reserves available at central banks | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 127,285 | 206,507 |
Marketable assets Level 1 | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 177,887 | 81,925 |
Marketable assets Level 2A | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 3,308 | 3,422 |
Marketable assets Level 2B | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 3,562 | € 5,446 |
Risk management - Disclosure _9
Risk management - Disclosure of liquidity coverage ratio by component (Details) - Liquidity risk - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 312,042 | € 297,300 |
Total net cash outflows (denominator) | 204,759 | 181,953 |
Cash outflows | 270,748 | 233,294 |
Cash inflows | € 65,989 | € 51,341 |
LCR ratio (%) | 152% | 163% |
NSFR ratio (%) | 121% | 126% |
Risk management - Schedule of m
Risk management - Schedule of maturity analysis of assets and guarantees received and committed (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | € 1,734,659 | € 1,595,835 | € 1,508,250 |
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 308,900 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | Unmatured | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 44,600 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 1 month | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 32,300 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 1 to 3 months | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 10,600 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 3 to 12 months | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 49,700 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 1 to 2 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 39,200 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 2 to 3 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 50,100 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 3 to 5 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 51,600 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | 5 to 10 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 20,100 | ||
Liquidity risk | On-balance-sheet assets | With mortgage guarantee | More than 10 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 10,700 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 104,300 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | Unmatured | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 29,200 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 1 month | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 37,500 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 1 to 3 months | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 13,300 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 3 to 12 months | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 21,400 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 1 to 2 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 600 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 2 to 3 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 1,300 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 3 to 5 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 1,000 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | 5 to 10 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | 0 | ||
Liquidity risk | Off-balance-sheet assets | With mortgage guarantee | More than 10 years | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Guarantees received committed | € 0 |
Risk management - Schedule of o
Risk management - Schedule of on-balance-sheet encumbered assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | € 1,734,659 | € 1,595,835 | € 1,508,250 |
Encumbered assets | On-balance-sheet assets | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 308,900 | ||
Encumbered assets | On-balance-sheet assets | Loans and advances | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 197,300 | ||
Encumbered assets | On-balance-sheet assets | Equity instruments | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 8,300 | ||
Fair value of assets | 8,300 | ||
Encumbered assets | On-balance-sheet assets | Debt securities | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 71,700 | ||
Fair value of assets | 71,700 | ||
Encumbered assets | On-balance-sheet assets | Other | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 31,600 | ||
Non-encumbered assets | On-balance-sheet assets | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Fair value of assets | 1,425,700 | ||
Non-encumbered assets | On-balance-sheet assets | Loans and advances | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Fair value of assets | 1,143,500 | ||
Non-encumbered assets | On-balance-sheet assets | Equity instruments | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 7,400 | ||
Fair value of assets | 7,400 | ||
Non-encumbered assets | On-balance-sheet assets | Debt securities | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Assets | 125,800 | ||
Fair value of assets | 122,000 | ||
Non-encumbered assets | On-balance-sheet assets | Other | Liquidity risk | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Fair value of assets | € 152,800 |
Risk management - Schedule o_10
Risk management - Schedule of encumbrance of collateral received (Details) - Encumbered assets - Off-balance-sheet assets - Liquidity risk € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Fair value of encumbered collateral received or own debt securities issued | € 104,300 |
Fair value of collateral received or own debt securities issued available for encumbrance | 29,400 |
Loans and advances | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Fair value of encumbered collateral received or own debt securities issued | 1,300 |
Fair value of collateral received or own debt securities issued available for encumbrance | 0 |
Equity instruments | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Fair value of encumbered collateral received or own debt securities issued | 4,800 |
Fair value of collateral received or own debt securities issued available for encumbrance | 6,800 |
Debt securities | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Fair value of encumbered collateral received or own debt securities issued | 98,200 |
Fair value of collateral received or own debt securities issued available for encumbrance | 22,500 |
Other collateral received | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
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 | 100 |
Own debt securities issued other than own covered bonds or ABSs | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
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 | € 500 |
Risk management - Schedule o_11
Risk management - Schedule of encumbered assets and collateral received and matching liabilities (Details) - Encumbered assets - Liquidity risk € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Matching liabilities, contingent liabilities or securities lent | € 313,200 |
Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | € 413,200 |
Risk management - Capital risk
Risk management - Capital risk (Details) | 12 Months Ended | ||
Dec. 31, 2022 banks indicator | Dec. 31, 2021 | Dec. 31, 2020 | |
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 12.18% | 12.51% | 12.34% |
Tier 1 phase in capital ratio | 13.63% | 14.24% | 13.95% |
Total phase-in capital | 15.99% | 16.81% | 16.18% |
CET1 phased-in ratio | 12.18% | ||
Number of global systemically important banks (G-SIBs) | banks | 30 | ||
G-SIB designation, number of criteria | indicator | 5 | ||
G-SIB, capital buffer percentage | 1% | ||
Minimum | |||
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 9.07% | ||
Pillar 1 percentage | 4.50% | ||
Pillar 2 percentage | 0.89% | ||
Capital conservation buffer, percentage | 2.50% | ||
Globally systemically important entity percentage | 1% | ||
Percentage of anti cyclical buffer on common equity Tier1 capital | 0.18% | ||
Tier 1 phase in capital ratio | 10.87% | ||
Total phase-in capital | 13.26% |
Risk management - Schedule of r
Risk management - Schedule of reconciliation of accounting capital with regulatory capital (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Risk Management [Abstract] | ||||
Subscribed capital | € 8,397 | € 8,670 | € 8,670 | € 8,309 |
Share premium account | 46,273 | 47,979 | 52,013 | |
Reserves | 62,111 | 56,606 | 62,777 | |
Treasury shares | (675) | (894) | (69) | |
Attributable profit | 9,605 | 8,124 | (8,771) | |
Approved dividends | (979) | (836) | 0 | |
Shareholders’ equity on public balance sheet | 124,732 | 119,649 | 114,620 | |
Valuation adjustments | (35,628) | (32,719) | (33,144) | |
Non-controlling interests | 8,481 | 10,123 | 9,846 | |
TOTAL EQUITY | 97,585 | 97,053 | 91,322 | € 110,659 |
Goodwill and intangible assets | (17,272) | (16,132) | (15,711) | |
Eligible preference shares and participating securities | 8,831 | 10,050 | 9,102 | |
Accrued dividend | (942) | (895) | (478) | |
Other adjustments | (5,169) | (7,624) | (5,734) | |
Tier 1 | € 83,033 | € 82,452 | € 78,501 | |
Ordinary profit assumption | 20% |
Risk management - Schedule o_12
Risk management - Schedule of regulatory capital phase-in coefficients (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Risk Management [Abstract] | |||
Level 1 ordinary eligible capital (EUR million) | € 74,202 | € 72,402 | € 69,399 |
Level 1 additional eligible capital (EUR million) | 8,831 | 10,050 | 9,102 |
Level 2 eligible capital (EUR million) | 14,359 | 14,865 | 12,514 |
Risk-weighted assets (EUR million) | € 609,266 | € 578,930 | € 562,580 |
Level 1 ordinary capital coefficient (CET 1) | 12.18% | 12.51% | 12.34% |
Level 1 additional capital coefficient (AT1) | 1.45% | 1.73% | 1.61% |
Level 1 capital coefficient (TIER1) | 13.63% | 14.24% | 13.95% |
Level 2 capital coefficient (TIER 2) | 2.36% | 2.57% | 2.23% |
Total capital coefficient | 15.99% | 16.81% | 16.18% |
Risk management - Schedule o_13
Risk management - Schedule of regulatory capital alternative standard (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Risk Management [Abstract] | ||||
Common Equity Tier I | € 74,202 | € 72,402 | € 69,399 | |
Share capital | 8,397 | 8,670 | 8,670 | € 8,309 |
(-) Treasure shares and own shares financed | (60) | (966) | (126) | |
Share Premium | 46,273 | 47,979 | 52,013 | |
Reserves | 62,246 | 58,157 | 64,766 | |
Other retained earnings | (37,439) | (34,784) | (34,937) | |
Minority interests | 7,416 | 6,736 | 6,669 | |
Profit net of dividends | 7,684 | 6,394 | (9,249) | |
Deductions | (20,315) | (19,784) | (18,407) | |
Goodwill and intangible assets | (17,182) | (16,064) | (15,711) | |
Others | (3,133) | (3,720) | (2,696) | |
Additional Tier I | 8,831 | 10,050 | 9,102 | |
Eligible instruments AT1 | 8,344 | 10,102 | 8,854 | |
AT1-excesses-subsidiaries | 487 | (52) | 248 | |
Tier II | 14,359 | 14,865 | 12,514 | |
Eligible instruments T2 | 14,770 | 15,424 | 13,351 | |
Gen. funds and surplus loans loss prov. IRB | 0 | 75 | 0 | |
T2-excesses - subsidiaries | (411) | (634) | (837) | |
Total eligible capital | € 97,392 | € 97,317 | € 91,015 |
Risk management - Schedule of l
Risk management - Schedule of leverage capital and ratios (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Risk Management [Abstract] | |||
Level 1 Capital | € 83,033 | € 82,452 | € 78,501 |
Exposure | € 1,750,626 | € 1,536,516 | € 1,471,480 |
Leverage Ratio | 4.74% | 5.37% | 5.33% |
Additional disclosures - Parent
Additional disclosures - Parent company condensed balance sheets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
ASSETS | ||||
Cash equivalents at central banks | € 200,830 | € 193,102 | € 137,047 | |
Financial assets held for trading | 156,118 | 116,953 | 114,945 | |
Premises and equipment, net | 33,044 | 32,342 | 31,772 | |
Other assets | 10,082 | 8,595 | 11,070 | |
TOTAL ASSETS | 1,734,659 | 1,595,835 | 1,508,250 | |
LIABILITIES | ||||
Other liabilities | 14,609 | 12,698 | 12,336 | |
TOTAL LIABILITIES | 1,637,074 | 1,498,782 | 1,416,928 | |
EQUITY | ||||
Capital stock | 8,397 | 8,670 | 8,670 | € 8,309 |
TOTAL EQUITY | 97,585 | 97,053 | 91,322 | € 110,659 |
TOTAL LIABILITIES AND EQUITY | 1,734,659 | 1,595,835 | 1,508,250 | |
Banco Santander, S.A. | Reportable Legal Entities | ||||
ASSETS | ||||
Cash equivalents at central banks | 177,920 | 138,388 | 112,114 | |
Financial assets held for trading | 92,128 | 77,988 | 81,433 | |
Investment securities | 47,560 | 29,949 | 29,477 | |
Net loans and leases | 314,905 | 301,342 | 295,739 | |
Investment in affiliated companies | 94,213 | 88,549 | 84,890 | |
Premises and equipment, net | 6,513 | 6,515 | 6,680 | |
Other assets | 16,787 | 15,219 | 19,036 | |
TOTAL ASSETS | 750,026 | 657,950 | 629,369 | |
LIABILITIES | ||||
Deposits | 418,841 | 401,212 | 383,135 | |
Short-term debt | 54,255 | 19,181 | 14,513 | |
Long-term debt | 114,447 | 99,650 | 83,981 | |
Total debt | 168,702 | 118,831 | 98,494 | |
Other liabilities | 92,437 | 71,334 | 82,803 | |
TOTAL LIABILITIES | 679,980 | 591,377 | 564,432 | |
EQUITY | ||||
Capital stock | 8,397 | 8,670 | 8,670 | |
Retained earnings and other reserves | 61,649 | 57,903 | 56,267 | |
TOTAL EQUITY | 70,046 | 66,573 | 64,937 | |
TOTAL LIABILITIES AND EQUITY | 750,026 | 657,950 | 629,369 | |
Banco Santander, S.A. | Reportable Legal Entities | Bank subsidiaries | ||||
ASSETS | ||||
Cash equivalents at central banks | 14,548 | 15,459 | 14,519 | |
Investment securities | 14,287 | 12,137 | 13,603 | |
Investment in affiliated companies | 70,698 | 67,735 | 60,186 | |
LIABILITIES | ||||
Deposits | 16,619 | 18,114 | 17,045 | |
Total debt | 0 | 221 | 617 | |
Banco Santander, S.A. | Reportable Legal Entities | Non-bank subsidiaries | ||||
ASSETS | ||||
Investment securities | 1,327 | 2,087 | 3,399 | |
Net loans and leases | 25,312 | 31,296 | 27,555 | |
Investment in affiliated companies | 23,515 | 20,814 | 24,703 | |
LIABILITIES | ||||
Deposits | 15,106 | 18,594 | 19,949 | |
Total debt | € 1,638 | € 649 | € 661 |
Additional disclosures - Pare_2
Additional disclosures - Parent company condensed statements of income (Details) - EUR (€) € in Millions | 8 Months Ended | 12 Months Ended | ||
Aug. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Income Statements, Captions [Line Items] | ||||
Interest income | € 71,430 | € 46,463 | € 45,741 | |
Dividend income | 488 | 513 | 391 | |
Interest expense | (32,811) | (13,093) | (13,747) | |
Non-interest income | 1,510 | 2,255 | 1,920 | |
Non-interest expense | (2,803) | (2,442) | (2,342) | |
Operating profit/(loss) before tax | € 3,829 | 15,250 | 14,547 | (2,076) |
Tax expense or income from continuing operations | € (69) | (4,486) | (4,894) | (5,632) |
Profit/(loss) for the year | 10,764 | 9,653 | (7,708) | |
Banco Santander, S.A. | Reportable Legal Entities | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Interest income | 19,322 | 11,893 | 12,169 | |
Dividend income | 8,743 | 5,072 | 5,316 | |
Interest expense | (5,958) | (2,785) | (3,160) | |
Interest income / (charges) | 13,364 | 9,108 | 9,009 | |
Impairment losses charged to income for the year | (1,397) | (2,287) | (2,558) | |
Interest income / (charges) after provision for credit losses | 11,967 | 6,821 | 6,451 | |
Non-interest income | 4,808 | 4,092 | 5,322 | |
Non-interest expense | (8,811) | (7,049) | (14,020) | |
Operating profit/(loss) before tax | 7,964 | 3,864 | (2,247) | |
Tax expense or income from continuing operations | (43) | 68 | (1,310) | |
Profit/(loss) for the year | 7,921 | 3,932 | (3,557) | |
Banco Santander, S.A. | Reportable Legal Entities | Earning assets | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Interest income | 10,579 | 6,821 | 6,853 | |
Banco Santander, S.A. | Reportable Legal Entities | Bank subsidiaries | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Dividend income | 8,228 | 4,075 | 1,810 | |
Banco Santander, S.A. | Reportable Legal Entities | Non-bank subsidiaries | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Dividend income | € 515 | € 997 | € 3,506 |
Additional disclosures - Pare_3
Additional disclosures - Parent company condensed statements of comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Statement of Income Captions [Line Items] | |||
Profit or loss for the year | € 10,764 | € 9,653 | € (7,708) |
OTHER RECOGNISED INCOME AND EXPENSE | (2,660) | (220) | (9,794) |
Items that may be reclassified to profit or loss | (2,261) | (974) | (8,776) |
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 | (2,086) | (3,250) | (100) |
Revaluation gains (losses) | (2,591) | (3,063) | 692 |
Amounts transferred to income statement | (99) | (545) | (1,165) |
Other reclassifications | 604 | 358 | 373 |
Cash flow hedges (effective portion) | (3,016) | (938) | (53) |
Revaluation gains (losses) | (1,762) | (1,739) | 799 |
Amounts transferred to income statement | (1,254) | 801 | (852) |
Other reclassifications | 0 | 0 | 0 |
Hedges of net investments in foreign operations (effective portion) | (2,467) | (1,159) | 2,340 |
Exchange differences | 3,658 | 3,082 | (11,040) |
Non-current assets held for sale | 0 | 0 | 0 |
Income tax | 1,565 | 1,272 | 228 |
Items that will not be reclassified to profit or loss | (399) | 754 | (1,018) |
Actuarial gains and losses on defined benefit pension plans | (56) | 1,567 | (25) |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | 17 | (1) | (4) |
Income tax relating to items that will not be reclassified | 49 | (542) | (103) |
Total recognised income and expenses for the year | 8,104 | 9,433 | (17,502) |
Banco Santander, S.A. | Reportable Legal Entities | |||
Condensed Statement of Income Captions [Line Items] | |||
Profit or loss for the year | 7,921 | 3,932 | (3,557) |
OTHER RECOGNISED INCOME AND EXPENSE | (735) | (662) | (1,221) |
Items that may be reclassified to profit or loss | (524) | (265) | (363) |
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 | (328) | (524) | (316) |
Revaluation gains (losses) | (242) | (243) | 244 |
Amounts transferred to income statement | (86) | (281) | (560) |
Other reclassifications | 0 | 0 | 0 |
Cash flow hedges (effective portion) | (420) | 146 | (206) |
Revaluation gains (losses) | (505) | 152 | (239) |
Amounts transferred to income statement | 85 | (6) | 33 |
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 | 224 | 113 | 159 |
Items that will not be reclassified to profit or loss | (211) | (397) | (858) |
Actuarial gains and losses on defined benefit pension plans | 279 | 29 | (77) |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (450) | (347) | (796) |
Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 18 | 117 | 4 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (18) | (117) | (4) |
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | 58 | (93) | 4 |
Income tax relating to items that will not be reclassified | (98) | 14 | 11 |
Total recognised income and expenses for the year | € 7,186 | € 3,270 | € (4,778) |
Additional disclosures - Pare_4
Additional disclosures - Parent company condensed cash flow statements (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
1. Cash flows from operating activities | |||
Profit or loss for the year | € 10,764 | € 9,653 | € (7,708) |
Adjustments to profit | 23,970 | 21,363 | 37,836 |
Net increase/decrease in operating assets | (108,774) | (27,258) | (51,385) |
Net increase/decrease in operating liabilities | 107,244 | 56,945 | 90,356 |
Reimbursements/payments of income tax | (5,498) | (4,012) | (2,946) |
CASH FLOWS FROM OPERATING ACTIVITIES | 27,706 | 56,691 | 66,153 |
2. Cash flows from investing activities | |||
Investments (-) | (11,776) | (11,669) | (11,976) |
Divestments (+) | 7,878 | 7,954 | 4,756 |
CASH FLOWS FROM INVESTING ACTIVITIES | (3,898) | (3,715) | (7,220) |
3. Cash flows from financing activities | |||
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 573 | 854 | 721 |
Acquisition of own equity instruments | (2,050) | (1,645) | (758) |
Dividends paid | (1,848) | (1,313) | 0 |
Issuance/Redemption of equity instruments | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | (9,964) | (1,322) | (1,909) |
Effect of exchange rate changes on cash and cash equivalents | (1,460) | 5,196 | (4,252) |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 12,384 | 56,850 | 52,772 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 210,689 | 153,839 | 101,067 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 223,073 | 210,689 | 153,839 |
Banco Santander, S.A. | Reportable Legal Entities | |||
1. Cash flows from operating activities | |||
Profit or loss for the year | 7,921 | 3,932 | (3,557) |
Adjustments to profit | 3,370 | 2,052 | 12,938 |
Net increase/decrease in operating assets | (58,102) | (9,622) | 7,513 |
Net increase/decrease in operating liabilities | 85,367 | 24,024 | 21,199 |
Reimbursements/payments of income tax | (1,724) | (352) | (251) |
CASH FLOWS FROM OPERATING ACTIVITIES | 36,832 | 20,034 | 37,842 |
2. Cash flows from investing activities | |||
Investments (-) | (4,257) | (2,266) | (8,001) |
Divestments (+) | 10,852 | 6,349 | 4,738 |
CASH FLOWS FROM INVESTING ACTIVITIES | 6,595 | 4,083 | (3,263) |
3. Cash flows from financing activities | |||
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 369 | 605 | 615 |
Acquisition of own equity instruments | (1,847) | (1,446) | (615) |
Issuance of debt securities | 0 | 4,440 | 3,722 |
Redemption of debt securities | (1,678) | (2,248) | (2,348) |
Dividends paid | (1,848) | (1,313) | 0 |
Other collections/payments related to financing activities | (180) | (315) | (287) |
CASH FLOWS FROM FINANCING ACTIVITIES | (5,184) | (277) | 1,087 |
Effect of exchange rate changes on cash and cash equivalents | 104 | 335 | (576) |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 38,347 | 24,175 | 35,090 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 91,736 | 67,561 | 32,471 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | € 130,083 | € 91,736 | € 67,561 |
Additional disclosures - Schedu
Additional disclosures - Schedule of preferred shares and securities (Details) - Financial liabilities at amortised cost - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 25,926 | € 26,196 | € 21,880 | € 21,062 |
Subordinated liabilities | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 8,096 | 8,810 | 7,621 | |
Subordinated liabilities, preference shares | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 198 | 209 | 196 | |
Subordinated liabilities, preferred securities | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 7,898 | € 8,601 | € 7,425 |
Additional disclosures - Sche_2
Additional disclosures - Schedule of preferred shares and securities by issuer (Details) € in Millions, £ in Millions, $ in Millions | 12 Months Ended | |||||||||
Sep. 21, 2021 | May 12, 2021 | Jan. 14, 2020 | Feb. 08, 2019 EUR (€) | Mar. 19, 2018 EUR (€) | Sep. 29, 2017 | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Feb. 08, 2019 USD ($) | |
Santander UK plc, October 1995 | Fixed rate debt | Subordinated liabilities, preference shares | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | £ | £ 80.3 | |||||||||
Interest rate | 10.375% | 10.375% | 10.375% | |||||||
Santander UK plc, February 1996 | Fixed rate debt | Subordinated liabilities, preference shares | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | £ | £ 80.3 | |||||||||
Interest rate | 10.375% | 10.375% | 10.375% | |||||||
Banco Santander, S.A., September 2017 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 5.25% | 5.25% | 5.25% | 5.25% | ||||||
Subordinated issue, initial interest rate term | 6 years | 6 years | ||||||||
Subordinated issue, adjustment to reference rate | 4.999% | |||||||||
Subordinated issue, mid-swap rate term | 5 years | 5 years | ||||||||
Banco Santander, S.A., September 2017 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,000 | |||||||||
Interest rate | 5.25% | 5.25% | 5.25% | |||||||
Banco Santander, S.A., September 2017 | 5-Year Mid-Swap Rate (Euro) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 4.999% | 4.999% | 4.999% | |||||||
Banco Santander, S.A., March 2018 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,500 | |||||||||
Interest rate | 4.75% | 4.75% | 4.75% | 4.75% | ||||||
Subordinated issue, initial interest rate term | 7 years | 7 years | ||||||||
Subordinated issue, adjustment to reference rate | 4.10% | |||||||||
Banco Santander, S.A., March 2018 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,500 | |||||||||
Interest rate | 4.75% | 4.75% | 4.75% | |||||||
Banco Santander, S.A., March 2018 | 5-Year Mid-Swap Rate (Euro) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 4.097% | 4.097% | 4.097% | |||||||
Banco Santander, S.A., February 2019 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,056 | $ 1,200 | ||||||||
Interest rate | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | |||||
Subordinated issue, initial interest rate term | 5 years | 5 years | ||||||||
Subordinated issue, adjustment to reference rate | 4.989% | 4.989% | ||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., February 2019 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | $ | $ 1,200 | |||||||||
Interest rate | 7.50% | 7.50% | 7.50% | |||||||
Banco Santander, S.A., February 2019 | 5-Year Mid-Swap Rate (US Dollar) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 4.989% | 4.989% | 4.989% | |||||||
Banco Santander, S.A., January 2020 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 4.375% | 4.375% | 4.375% | 4.375% | ||||||
Subordinated issue, initial interest rate term | 6 years | 6 years | ||||||||
Subordinated issue, adjustment to reference rate | 4.534% | |||||||||
Subordinated issue, mid-swap rate term | 5 years | 5 years | ||||||||
Subordinated issue, interest rate reprice term | 5 years | 5 years | ||||||||
Banco Santander, S.A., January 2020 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,500 | |||||||||
Interest rate | 4.375% | 4.375% | 4.375% | |||||||
Banco Santander, S.A., January 2020 | 5-Year Mid-Swap Rate (Euro) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 4.534% | 4.534% | 4.534% | |||||||
Banco Santander, S.A., May 2021 | Subordinated liabilities, preference shares | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 4.75% | |||||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||
Subordinated issue, adjustment to reference rate | 3.753% | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., May 2021 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 4.75% | 4.75% | 4.75% | |||||||
Subordinated issue, initial interest rate term | 6 years | |||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., May 2021 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | $ | $ 1,000 | |||||||||
Interest rate | 4.75% | 4.75% | 4.75% | |||||||
Banco Santander, S.A., May 2021 | 5-Year UST Rate (US Dollar) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 3.753% | 3.753% | 3.753% | |||||||
Banco Santander, S.A., May 2021 | Subordinated liabilities, preference shares | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 4.125% | |||||||||
Subordinated issue, initial interest rate term | 7 years | |||||||||
Subordinated issue, adjustment to reference rate | 4.311% | |||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., May 2021 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 4.125% | 4.125% | 4.125% | |||||||
Subordinated issue, initial interest rate term | 7 years | |||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., May 2021 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 750 | |||||||||
Interest rate | 4.125% | 4.125% | 4.125% | |||||||
Banco Santander, S.A., May 2021 | 5-Year Mid-Swap Rate (Euro) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 4.311% | 4.311% | 4.311% | |||||||
Banco Santander, S.A., September 2021 | Subordinated liabilities, preference shares | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 3.625% | |||||||||
Subordinated issue, initial interest rate term | 8 years | |||||||||
Subordinated issue, adjustment to reference rate | 3.76% | |||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., September 2021 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Interest rate | 3.625% | 3.625% | 3.625% | |||||||
Subordinated issue, initial interest rate term | 8 years | |||||||||
Subordinated issue, mid-swap rate term | 5 years | |||||||||
Subordinated issue, interest rate reprice term | 5 years | |||||||||
Banco Santander, S.A., September 2021 | Fixed rate debt | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 1,000 | |||||||||
Interest rate | 3.625% | 3.625% | 3.625% | |||||||
Banco Santander, S.A., September 2021 | 5-Year Mid-Swap Rate (Euro) | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Subordinated issue, adjustment to reference rate | 3.76% | 3.76% | 3.76% | |||||||
Santander Finance Preferred, S.A. (Unipersonal), September 2004 | CMS10 | Subordinated liabilities, preferred securities | ||||||||||
Disclosure of detailed information about financial instruments [line items] | ||||||||||
Outstanding issue amount | € 144 | |||||||||
Interest rate | 8% | 8% | 8% | |||||||
Variable interest rate | 0.05% | 0.05% | 0.05% |
Uncategorized Items - san-20221
Label | Element | Value |
Santander UK Group [Member] | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block] | ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory | Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown: Santander UK Group Holdings plc group 31 December 2022 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,492 5,039 24,447 51,257 4,294 87,529 Average fixed interest rate (%) GBP 2.580 0.880 0.560 2.070 3.780 Average fixed interest rate (%) EUR 1.770 1.600 0.770 0.280 3.090 Average fixed interest rate (%) USD 1.350 3.470 3.510 2.000 4.920 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 74 821 16 911 Average GBP/EUR exchange rate — — 1.212 1.157 1.100 Average GBP/USD exchange rate — — — 1.186 — Average fixed interest rate (%) EUR — — 3.420 2.060 — Average fixed interest rate (%) USD — — — 4.630 — Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,175 2,471 2,188 14,728 1,213 21,775 Average fixed interest rate (%) GBP 1.770 2.290 1.980 2.350 1.840 Foreign exchange risk Exchange and interest rate instruments Nominal 3,063 3,536 2,685 14,583 2,436 26,303 Average GBP/JPY exchange rate — 157.450 160.039 — — Average GBP/CHF exchange rate — 1.131 — — — Average GBP/EUR exchange rate — — 1.123 1.181 1.165 Average GBP/USD exchange rate 1.224 1.253 1.171 1.314 1.388 Equity risk Equity instruments Nominal — — 7 48 2 57 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 1,983 7,621 968 10,572 Average GBP/EUR exchange rate — — 1.185 1.210 1.196 Average GBP/USD exchange rate — — 1.604 1.503 1.537 Average fixed interest rate (%) GBP — — 3.270 2.580 4.590 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 3,716 7,408 25,525 53,427 5,942 96,018 Average fixed interest rate (%) GBP 0.590 0.420 0.090 0.910 3.130 Average fixed interest rate (%) EUR 0.510 1.740 1.080 0.810 2.610 Average fixed interest rate (%) USD 1.910 0.960 1.440 2.760 4.050 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 127 683 165 975 Average GBP/EUR exchange rate — — 1.205 1.159 1.171 Average fixed interest rate (%) EUR — — 3.290 2.030 2.620 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,203 572 1,036 8,967 6,115 17,893 Average fixed interest rate (%) GBP 1.970 0.440 0.080 1.290 0.970 Foreign exchange risk Exchange and interest rate instruments Nominal 3,218 1,114 2,448 10,897 3,584 21,261 Average GBP/JPY exchange rate — 142.905 148.856 — — Average GBP/EUR exchange rate 1.165 — 1.185 1.159 1.174 Average GBP/USD exchange rate 1.344 1.342 1.332 1.339 1.388 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 739 — 1,000 8,112 2,860 12,711 Average GBP/EUR exchange rate 1.277 — 1.386 1.202 1.200 Average GBP/USD exchange rate — — — 1.609 1.381 Average fixed interest rate (%) GBP 2.260 — 1.170 2.720 3.410 31 December 2020 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,704 8,481 30,946 53,170 9,050 104,351 Average fixed interest rate (%) GBP 0.690 0.650 0.820 0.730 3.720 Average fixed interest rate (%) EUR 1.180 0.230 3.020 0.980 2.340 Average fixed interest rate (%) USD 1.870 1.720 2.890 2.490 4.160 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 147 776 260 1,183 Average GBP/EUR exchange rate — — 1.141 1.170 1.167 Average fixed interest rate (%) EUR — — 4.640 1.780 3.560 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 999 2,815 8,869 1,180 13,863 Average fixed interest rate (%) GBP — 0.460 0.570 1.450 1.330 Foreign exchange risk Exchange and interest rate instruments Nominal 1,602 2,244 4,317 8,328 1,246 17,737 Average GBP/JPY exchange rate — 137.977 135.607 132.271 — Average GBP/EUR exchange rate — — — 1.163 1.179 Average GBP/USD exchange rate 1.293 1.316 1.323 1.304 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 1,630 — 3,858 11,816 2,792 20,096 Average GBP/EUR exchange rate — — 1.354 1.253 1.197 Average GBP/USD exchange rate 1.465 — — 1.609 1.381 Average fixed interest rate (%) GBP 2.010 — 3.180 2.480 3.390 |
Home Purchase Loans [Member] | Country of domicile [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [text block] | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory | 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): 2022 Loan to value ratio EUR Million 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 17,877 20,617 20,225 3,294 1,387 63,400 Of which impaired 132 192 220 181 339 1,064 |
Debt securities [member] | ||
Disclosure of credit risk exposure [text block] | ifrs-full_DisclosureOfCreditRiskExposureExplanatory | The detail, by issuer rating, of Debt securities at 31 December 2022, 2021 and 2020 is as follows: EUR million 2022 2021 2020 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 13,481 5,494 18,975 9.80 % 15,956 1,773 17,729 10.82 % 14,088 2,099 16,187 9.17 % AA 9,542 30,502 40,044 20.67 % 2,005 26,355 28,360 17.31 % 1,714 18,784 20,498 11.61 % A 10,058 48,341 58,399 30.15 % 8,594 44,359 52,953 32.32 % 6,228 53,655 59,883 33.92 % BBB 5,181 29,900 35,081 18.11 % 5,234 20,304 25,538 15.59 % 6,515 31,204 37,719 21.36 % Below BBB 2,974 33,657 36,631 18.91 % 3,584 30,823 34,407 21.00 % 3,431 35,164 38,595 21.86 % Unrated 4,586 — 4,586 2.37 % 4,866 — 4,866 2.97 % 3,611 61 3,672 2.08 % 45,822 147,894 193,716 100 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % |
Foreclosed Properties [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [text block] | ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory | The gross movement in foreclosed properties were as follows (EUR billion): EUR Billion 2022 2021 2020 Gross additions 0.2 0.4 0.5 Disposals (1.3) (1.1) (0.9) Difference (1.1) (0.7) (0.4) |