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Note 31 - Maturity Analysis of Financial Liabilities (IFRS) (Detail) - EUR (€)
€ in Millions
Dec. 31, 2022
Dec. 31, 2021
On demand [Member]    
Maturity Analysis of Financial Liabilities (IFRS) [Line Items]    
Noninterest bearing deposits € 253,989 € 226,091
Interest-bearing deposits 131,941 169,144
Trading liabilities 50,664 [1] 54,676 [2]
Negative market values from derivative financial instruments 282,418 [1] 287,109 [2]
Financial liabilities designated at fair value through profit or loss 24,942 30,911
Investment contract liabilities 0 [3] 0 [4]
Negative market values from derivative financial instruments qualifying for hedge accounting 0 [5] 0 [6]
Central bank funds purchased 0 0
Securities sold under repurchase agreements, Financial Liabilities 3,603 227
Securities loaned 12 24
Other short-term borrowings 3,003 2,676
Long-term debt 1 0
Trust preferred securities 0 0
Lease liabilities 36 37
Other financial liabilities 90,334 78,311
Off-balance sheet loan commitments 192,286 175,114
Financial guarantees 28,083 24,024
Total 1,061,314 [7] 1,048,344 [8]
Due within 3 months [Member]    
Maturity Analysis of Financial Liabilities (IFRS) [Line Items]    
Noninterest bearing deposits 0 0
Interest-bearing deposits 132,641 118,909
Trading liabilities 0 [1] 0 [2]
Negative market values from derivative financial instruments 0 [1] 0 [2]
Financial liabilities designated at fair value through profit or loss 19,335 7,582
Investment contract liabilities 0 [3] 0 [4]
Negative market values from derivative financial instruments qualifying for hedge accounting 325 [5] 678 [6]
Central bank funds purchased 0 0
Securities sold under repurchase agreements, Financial Liabilities 398 33
Securities loaned 1 0
Other short-term borrowings 2,149 953
Long-term debt 34,050 36,692
Trust preferred securities 0 0
Lease liabilities 144 142
Other financial liabilities 1,655 3,225
Off-balance sheet loan commitments 0 0
Financial guarantees 0 0
Total 190,698 [7] 168,213 [8]
Due between 3 and 12 months [Member]    
Maturity Analysis of Financial Liabilities (IFRS) [Line Items]    
Noninterest bearing deposits 0 0
Interest-bearing deposits 92,816 71,020
Trading liabilities 0 [1] 0 [2]
Negative market values from derivative financial instruments 0 [1] 0 [2]
Financial liabilities designated at fair value through profit or loss 4,696 16,764
Investment contract liabilities 469 [3] 562 [4]
Negative market values from derivative financial instruments qualifying for hedge accounting 186 [5] 423 [6]
Central bank funds purchased 0 0
Securities sold under repurchase agreements, Financial Liabilities 21 40
Securities loaned 0 0
Other short-term borrowings 142 607
Long-term debt 17,377 14,770
Trust preferred securities 514 529
Lease liabilities 453 503
Other financial liabilities 2,023 337
Off-balance sheet loan commitments 0 0
Financial guarantees 0 0
Total 118,696 [7] 105,556 [8]
Due between 1 and 5 years [Member]    
Maturity Analysis of Financial Liabilities (IFRS) [Line Items]    
Noninterest bearing deposits 0 0
Interest-bearing deposits 16,414 12,195
Trading liabilities 0 [1] 0 [2]
Negative market values from derivative financial instruments 0 [1] 0 [2]
Financial liabilities designated at fair value through profit or loss 4,082 2,249
Investment contract liabilities 0 [3] 0 [4]
Negative market values from derivative financial instruments qualifying for hedge accounting 61 [5] 286 [6]
Central bank funds purchased 0 0
Securities sold under repurchase agreements, Financial Liabilities 41 448
Securities loaned 0 0
Other short-term borrowings 0 0
Long-term debt 71,882 71,239
Trust preferred securities 0 0
Lease liabilities 1,613 1,750
Other financial liabilities 453 456
Off-balance sheet loan commitments 0 0
Financial guarantees 0 0
Total 94,546 [7] 88,623 [8]
Due after 5 years [Member]    
Maturity Analysis of Financial Liabilities (IFRS) [Line Items]    
Noninterest bearing deposits 0 0
Interest-bearing deposits 9,735 10,015
Trading liabilities 0 [1] 0 [2]
Negative market values from derivative financial instruments 0 [1] 0 [2]
Financial liabilities designated at fair value through profit or loss 3,478 2,438
Investment contract liabilities 0 [3] 0 [4]
Negative market values from derivative financial instruments qualifying for hedge accounting 149 [5] 79 [6]
Central bank funds purchased 0 0
Securities sold under repurchase agreements, Financial Liabilities 15 8
Securities loaned 0 0
Other short-term borrowings 0 0
Long-term debt 22,529 31,449
Trust preferred securities 0 0
Lease liabilities 3,214 2,082
Other financial liabilities 15 12
Off-balance sheet loan commitments 0 0
Financial guarantees 0 0
Total € 39,135 [7] € 46,083 [8]
[1] Trading liabilities and derivatives not qualifying for hedge accounting balances are recorded at fair value. The Group believes that this best represents the cash flow that would have to be paid if these positions had to be closed out. Trading liabilities and derivatives not qualifying for hedge accounting balances are shown within “on demand” which Group’s management believes most accurately reflects the short-term nature of trading activities. The contractual maturity of the instruments may however extend over significantly longer periods.
[2] Trading liabilities and derivatives not qualifying for hedge accounting balances are recorded at fair value. The Group believes that this best represents the cash flow that would have to be paid if these positions had to be closed out. Trading liabilities and derivatives not qualifying for hedge accounting balances are shown within “on demand” which Group’s management believes most accurately reflects the short-term nature of trading activities. The contractual maturity of the instruments may however extend over significantly longer periods.
[3] These are investment contracts where the policy terms and conditions result in their redemption value equaling fair value.
[4] These are investment contracts where the policy terms and conditions result in their redemption value equaling fair value.
[5] Derivatives designated for hedge accounting are recorded at fair value and are shown in the time bucket at which the hedged relationship is expected to terminate.
[6] Derivatives designated for hedge accounting are recorded at fair value and are shown in the time bucket at which the hedged relationship is expected to terminate.
[7] The balances in the table do not agree to the numbers in the Group’s balance sheet as the cash flows included in the table are undiscounted. This analysis represents the worst case scenario for the Group if the Group was required to repay all liabilities earlier than expected. The Group believes that the likelihood of such an event occurring is remote.
[8] The balances in the table do not agree to the numbers in the Group’s balance sheet as the cash flows included in the table are undiscounted. This analysis represents the worst case scenario for the Group if the Group was required to repay all liabilities earlier than expected. The Group believes that the likelihood of such an event occurring is remote.